Formations of, Acquisitions by, and Mergers of Bank Holding Companies, 7696-7697 [2025-01484]
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Federal Register / Vol. 90, No. 13 / Wednesday, January 22, 2025 / Notices
communications methods, in a manner
reflective of the entity’s size and other
characteristics. The specific information
referenced in these standards is (a) the
entity’s diversity and inclusion strategic
plan; (b) its policy on its commitment to
diversity and inclusion; (c) its progress
toward achieving diversity and
inclusion in its workforce and
procurement activities; and (d)
opportunities available at the entity that
promote diversity. In addition, the
Policy Statement includes Joint
Standards that address ‘‘Entities’ SelfAssessment.’’ The Joint Standards for
Entities’ Self-Assessment envision that a
regulated entity, in a manner reflective
of its size and other characteristics, (a)
conducts annually a voluntary selfassessment of its diversity policies and
practices; (b) monitors and evaluates its
performance under its diversity policies
and practices on an ongoing basis; (c)
provides information pertaining to its
self-assessment to the OMWI Director of
its primary Federal financial regulator;
and (d) publishes information
pertaining to its efforts with respect to
the Joint Standards.. There is no change
in the methodology or substance of this
information collection. The decrease in
total estimated annual burden from
1560 hours in 2022 to 991 hours
currently is due to the expectation that
most repeat respondent banks would
use the copy/clone feature in the
Financial Institution Diversity-Self
Assessment (FID–SA) for their future
submissions, thereby saving a
substantial amount of response time and
reducing their overall burden hours.
3. Title: Computer Security Incident
Notification Requirements.
OMB Number: 3064–0214.
Form Number: None.
Affected Public: Businesses or other
for-profit.
Burden Estimate:
SUMMARY OF ESTIMATED ANNUAL BURDEN (OMB NO. 3064–0214)
Information collection (IC)
(obligation to respond)
Type of burden
(frequency of response)
1. Notification Incident Reporting, 12 CFR 304.23
(Mandatory).
2. Service Provider Notification, 12 CFR 304.24
(Mandatory).
Number of
respondents
Reporting (On Occasion).
Reporting (On Occasion).
Total Annual Burden (Hours) ........................
.......................................
Number of
responses per
respondent
Time per
response
(HH:MM)
Annual
burden
(hours)
67
1.25
03:00
252
832
1
03:00
2,496
........................
........................
........................
2,748
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Source: FDIC.
General Description of Collection: The
Office of the Comptroller of the
Currency, Board of Governors of the
Federal Reserve System, and the FDIC
(collectively, the agencies) are issuing a
notice of proposed rulemaking (the
proposed rule) that would require a
banking organization to notify its
primary Federal regulator upon the
occurrence of a significant computer
security incident. This notification
requirement is intended to serve as an
early alert to a banking organization’s
primary Federal regulator and is not
intended to include an assessment of
the incident. The proposed rule would
allow a banking organization to
authorize or contract with a bank
service provider to allow the bank
service provider to make the relevant
notifications to the banking
organization’s primary Federal regulator
on the banking organization’s behalf.
Moreover, a bank service provider as
defined herein and in accordance with
the Bank Service Company Act (BSCA)
would be required to notify affected
banking organization customers within
four hours of when it experiences a
computer-security incident that it
reasonably believes could disrupt,
degrade, or impair services provided
subject to the BSCA for four or more
hours. ‘‘Bank service providers’’ would
include both bank service companies
and third-party service providers, under
the BSCA. There is no change in the
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18:16 Jan 21, 2025
Jkt 265001
methodology or substance of this
information collection. The increase in
total estimated annual burden from
2,694 in 2022 to 2,748 currently is due
to a change in the estimated number of
respondents.
Request for Comment
Comments are invited on (a) whether
the collection of information is
necessary for the proper performance of
the FDIC’s functions, including whether
the information has practical utility; (b)
the accuracy of the estimates of the
burden of the information collection,
including the validity of the
methodology and assumptions used; (c)
ways to enhance the quality, utility, and
clarity of the information to be
collected; and (d) ways to minimize the
burden of the collection of information
on respondents, including through the
use of automated collection techniques
or other forms of information
technology. All comments will become
a matter of public record.
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on January15,
2025.
Jennifer M. Jones,
Deputy Executive Secretary.
[FR Doc. 2025–01424 Filed 1–21–25; 8:45 am]
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FEDERAL RESERVE SYSTEM
Formations of, Acquisitions by, and
Mergers of Bank Holding Companies
The companies listed in this notice
have applied to the Board for approval,
pursuant to the Bank Holding Company
Act of 1956 (12 U.S.C. 1841 et seq.)
(BHC Act), Regulation Y (12 CFR part
225), and all other applicable statutes
and regulations to become a bank
holding company and/or to acquire the
assets or the ownership of, control of, or
the power to vote shares of a bank or
bank holding company and all of the
banks and nonbanking companies
owned by the bank holding company,
including the companies listed below.
The public portions of the
applications listed below, as well as
other related filings required by the
Board, if any, are available for
immediate inspection at the Federal
Reserve Bank(s) indicated below and at
the offices of the Board of Governors.
This information may also be obtained
on an expedited basis, upon request, by
contacting the appropriate Federal
Reserve Bank and from the Board’s
Freedom of Information Office at
https://www.federalreserve.gov/foia/
request.htm. Interested persons may
express their views in writing on the
standards enumerated in the BHC Act
(12 U.S.C. 1842(c)).
Comments received are subject to
public disclosure. In general, comments
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Federal Register / Vol. 90, No. 13 / Wednesday, January 22, 2025 / Notices
received will be made available without
change and will not be modified to
remove personal or business
information including confidential,
contact, or other identifying
information. Comments should not
include any information such as
confidential information that would not
be appropriate for public disclosure.
Comments regarding each of these
applications must be received at the
Reserve Bank indicated or the offices of
the Board of Governors, Ann E.
Misback, Secretary of the Board, 20th
Street and Constitution Avenue NW,
Washington, DC 20551–0001, not later
than February 21, 2025.
A. Federal Reserve Bank of Richmond
(Brent B. Hassell, Assistant Vice
President) P.O. Box 27622, Richmond,
Virginia 23261. Comments can also be
sent electronically to
Comments.applications@rich.frb.org:
1. United Community Banks, Inc.,
Greenville, South Carolina; to acquire
ANB Holdings, Inc., and thereby
indirectly acquire American National
Bank, both of Oakland Park, Florida.
Board of Governors of the Federal Reserve
System.
Michele Taylor Fennell,
Associate Secretary of the Board.
thresholds for interlocking directorates
required by the 1990 amendment of
section 8 of the Clayton Act.
DATES: January 22, 2025.
FOR FURTHER INFORMATION CONTACT:
Christopher M. Grengs (202–326–2612),
Bureau of Competition, Office of Policy
and Coordination.
SUPPLEMENTARY INFORMATION: Section 8
prohibits, with certain exceptions, one
person from serving as a director or
officer of two competing corporations if
two thresholds are met. Competitor
corporations are covered by section 8 if
each one has capital, surplus, and
undivided profits aggregating more than
$10,000,000, with the exception that no
corporation is covered if the competitive
sales of either corporation are less than
$1,000,000. Section 8(a)(5) requires the
Federal Trade Commission to revise
those thresholds annually, based on the
change in gross national product. The
new thresholds, which take effect
immediately, are $51,380,000 for section
8(a)(1), and $5,138,000 for section
8(a)(2)(A).
Authority: 15 U.S.C. 19(a)(5).
April J. Tabor,
Secretary.
[FR Doc. 2025–01513 Filed 1–21–25; 8:45 am]
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[FR Doc. 2025–01484 Filed 1–21–25; 8:45 am]
BILLING CODE P
FEDERAL TRADE COMMISSION
FEDERAL TRADE COMMISSION
Revised Jurisdictional Thresholds for
Section 8 of the Clayton Act
Federal Trade Commission.
Annual notice of revision.
The Federal Trade
Commission announces the revised
thresholds for the Hart-Scott-Rodino
Antitrust Improvements Act of 1976
SUMMARY:
The Federal Trade
Commission announces the revised
SUMMARY:
lotter on DSK11XQN23PROD with NOTICES1
Federal Trade Commission.
Annual notice of revision.
AGENCY:
ACTION:
AGENCY:
ACTION:
Revised Jurisdictional Thresholds for
Section 7A of the Clayton Act
required by the 2000 amendment of
section 7A of the Clayton Act; and the
revised filing fee schedule for the same
Act required by division GG of the 2023
Consolidated Appropriations Act.
DATES: February 21, 2025.
FOR FURTHER INFORMATION CONTACT:
Nora Whitehead (nwhitehead@ftc.gov,
202–326–3262), Bureau of Competition,
Premerger Notification Office, 400 7th
Street SW, Washington, DC 20024.
SUPPLEMENTARY INFORMATION: This
document announces updates to (1) the
thresholds for the Hart-Scott-Rodino
Antitrust Improvements Act of 1976, as
required by the 2000 amendment of
section 7A of the Clayton Act; and (2)
the filing fee schedule for the same Act,
as required by division GG of the 2023
Consolidated Appropriations Act. Both
updates are discussed in more detail
below.
(1) The Jurisdictional Thresholds
Section 7A of the Clayton Act, 15
U.S.C. 18a, as added by the Hart-ScottRodino Antitrust Improvements Act of
1976, Public Law 94–435, 90 Stat. 1390
(‘‘the Act’’), requires all persons
contemplating certain mergers or
acquisitions, which meet or exceed the
jurisdictional thresholds in the Act, to
file notification with the Commission
and the Assistant Attorney General and
to wait a designated period of time
before consummating such transactions.
Section 7A(a)(2) requires the Federal
Trade Commission to revise those
thresholds annually, based on the
change in gross national product, in
accordance with section 8(a)(5).
The new jurisdictional thresholds,
which take effect 30 days after
publication in the Federal Register, are
as follows:
Subsection of 7A
Original jurisdictional threshold
7A(a)(2)(A) ...............................................................................................
7A(a)(2)(B)(i) ...........................................................................................
7A(a)(2)(B)(i) ...........................................................................................
7A(a)(2)(B)(ii)(i) .......................................................................................
7A(a)(2)(B)(ii)(i) .......................................................................................
7A(a)(2)(B)(ii)(II) ......................................................................................
7A(a)(2)(B)(ii)(II) ......................................................................................
7A(a)(2)(B)(ii)(III) .....................................................................................
7A(a)(2)(B)(ii)(III) .....................................................................................
$200 million ...................................
$50 million .....................................
$200 million ...................................
$10 million .....................................
$100 million ...................................
$10 million .....................................
$100 million ...................................
$100 million ...................................
$10 million .....................................
Any reference to the jurisdictional
thresholds and related thresholds and
limitation values in the HSR rules (16
CFR parts 801 through 803) and the
Antitrust Improvements Act
Notification and Report Form (‘‘the HSR
Original threshold
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2025 Adjusted jurisdictional
threshold
$505.8 million.
$126.4 million.
$505.8 million.
$25.3 million.
$252.9 million.
$25.3 million.
$252.9 million.
$252.9 million.
$25.3 million.
Form’’) and its Instructions will also be
adjusted, where indicated by the term
‘‘(as adjusted)’’, as follows:
2025 Adjusted threshold
$10 million ................................................................................................
$50 million ................................................................................................
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$$25.3 million.
$126.4 million.
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Agencies
[Federal Register Volume 90, Number 13 (Wednesday, January 22, 2025)]
[Notices]
[Pages 7696-7697]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2025-01484]
=======================================================================
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FEDERAL RESERVE SYSTEM
Formations of, Acquisitions by, and Mergers of Bank Holding
Companies
The companies listed in this notice have applied to the Board for
approval, pursuant to the Bank Holding Company Act of 1956 (12 U.S.C.
1841 et seq.) (BHC Act), Regulation Y (12 CFR part 225), and all other
applicable statutes and regulations to become a bank holding company
and/or to acquire the assets or the ownership of, control of, or the
power to vote shares of a bank or bank holding company and all of the
banks and nonbanking companies owned by the bank holding company,
including the companies listed below.
The public portions of the applications listed below, as well as
other related filings required by the Board, if any, are available for
immediate inspection at the Federal Reserve Bank(s) indicated below and
at the offices of the Board of Governors. This information may also be
obtained on an expedited basis, upon request, by contacting the
appropriate Federal Reserve Bank and from the Board's Freedom of
Information Office at https://www.federalreserve.gov/foia/request.htm.
Interested persons may express their views in writing on the standards
enumerated in the BHC Act (12 U.S.C. 1842(c)).
Comments received are subject to public disclosure. In general,
comments
[[Page 7697]]
received will be made available without change and will not be modified
to remove personal or business information including confidential,
contact, or other identifying information. Comments should not include
any information such as confidential information that would not be
appropriate for public disclosure.
Comments regarding each of these applications must be received at
the Reserve Bank indicated or the offices of the Board of Governors,
Ann E. Misback, Secretary of the Board, 20th Street and Constitution
Avenue NW, Washington, DC 20551-0001, not later than February 21, 2025.
A. Federal Reserve Bank of Richmond (Brent B. Hassell, Assistant
Vice President) P.O. Box 27622, Richmond, Virginia 23261. Comments can
also be sent electronically to [email protected]:
1. United Community Banks, Inc., Greenville, South Carolina; to
acquire ANB Holdings, Inc., and thereby indirectly acquire American
National Bank, both of Oakland Park, Florida.
Board of Governors of the Federal Reserve System.
Michele Taylor Fennell,
Associate Secretary of the Board.
[FR Doc. 2025-01484 Filed 1-21-25; 8:45 am]
BILLING CODE P