80_FR_10524 80 FR 10486 - Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company

80 FR 10486 - Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company

FEDERAL RESERVE SYSTEM

Federal Register Volume 80, Issue 38 (February 26, 2015)

Page Range10486-10487
FR Document2015-03984

Federal Register, Volume 80 Issue 38 (Thursday, February 26, 2015) 
[Federal Register Volume 80, Number 38 (Thursday, February 26, 2015)]
[Notices]
[Pages 10486-10487]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-03984]


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FEDERAL RESERVE SYSTEM


Change in Bank Control Notices; Acquisitions of Shares of a Bank 
or Bank Holding Company

    The notificants listed below have applied under the Change in Bank 
Control Act (12 U.S.C. 1817(j)) and Sec.  225.41 of the Board's 
Regulation Y (12 CFR 225.41) to acquire shares of a bank or bank 
holding company. The factors that are considered in acting on the 
notices are set forth in paragraph 7 of the Act (12 U.S.C. 1817(j)(7)).
    The notices are available for immediate inspection at the Federal 
Reserve Bank indicated. The notices also will be available for 
inspection at the offices of the Board of Governors. Interested persons 
may express their views in writing to the Reserve Bank indicated for 
that notice or to the offices of the Board of Governors. Comments must 
be received not later than March 13, 2015.
    A. Federal Reserve Bank of St. Louis (Yvonne Sparks, Community 
Development Officer) P.O. Box 442, St. Louis, Missouri 63166-2034:

[[Page 10487]]

    1. HopFed Bancorp 2015 Employee Stock Ownership Plan, with John E. 
Peck and Billy C. Duvall, all of Hopkinsville, Kentucky, and Thomas I. 
Miller, Murray, Kentucky, as trustees, to acquire voting shares of 
HopFed Bancorp, Inc., and thereby indirectly acquire voting shares of 
Heritage Bank, USA, Inc., both in Hopkinsville, Kentucky.

    Board of Governors of the Federal Reserve System, February 23, 
2015.
Michael J. Lewandowski,
Associate Secretary of the Board.
[FR Doc. 2015-03984 Filed 2-25-15; 8:45 am]
BILLING CODE 6210-01-P

10486 Federal Register / Vol. 80, No. 38 / Thursday, February 26, 2015 / Notices excluded from reporting in 3. Initial Reporting Discussion of Recent Legislation and Memorandum item 1, consistent with For the March 31, 2015, report date, Rulemaking Affecting Proposed the revised regulatory capital rules. institutions may provide reasonable Revisions to the FR Y–9SP The Federal Reserve did not receive estimates for any new or revised FR Y– In December 2014, Congress enacted any comments on memoranda items 2, 9C items initially required to be and the President signed into law Public 3 or 4, and will implement as proposed. reported as of that date for which the Law 113–250. Public Law 113–250 2. Proposed FR Y–9C, Schedule HC–L requested information is not readily directs the Board to publish in the FR Y–9C, Schedule HC–L collects available. Federal Register proposed revisions to 2. Report Title: Parent Company Only the Small Bank Holding Company regulatory data on derivatives and off- Financial Statements for Small Holding Policy Statement to, in part, exempt balance sheet items. The Federal Companies. small SLHCs from the minimum capital Reserve proposed to revise the reporting Agency form number: FR Y–9SP. requirements for off-balance sheet requirements mandated by section 171 OMB control number: 7100–0128. of the Dodd-Frank Wall Street Reform exposures related to securities lent and Frequency: Semiannually, as of the borrowed, consistent with the revised and Consumer Protection Act as if they last calendar day of June and December. regulatory capital rules. Compared to Reporters: BHCs, SLHCs and SHCs were BHCs subject to the Small BHC the current schedule, the proposed with total consolidated assets of less Policy Statement. changes to Schedule HC–L would than $1 billion (small BHCs, small On January 29, 2015, the Board issued require all banking organizations to SLHCs and small SHCs). an interim final rule that would exclude report the amount of securities Estimated average hours per response: SLHCs that have total consolidated borrowed. At present, banking 5.40 hours. assets of less than $500 million and that organizations include the amount of Estimated annual reporting hours: meet other qualitative requirements securities borrowed in the total amount 47,412. from the Board’s regulatory capital of all other off-balance sheet liabilities Number of respondents: 4,390. requirements (Regulation Q). In light of reported in item 9 of Schedule HC–L if General description of report: This Public Law 113–250 and the the amount of securities borrowed is information collection is mandatory for rulemaking, the Federal Reserve will not more than 10 percent of total holding BHCs [12 U.S.C. 1844(c)(1)(A).] finalize the proposed revisions to the FR company equity capital and they Additionally, 12 U.S.C. 1467a(b)(2)(A) Y–9SP, Part II, for SLHCs with total disclose the amount of securities and 1850a(c)(1)(A), respectively, consolidated assets of less than $500 borrowed if that amount is more than 25 authorize the Federal Reserve to require million that meet the qualitative percent of total holding company equity that SLHCs and supervised SHCs file requirements of the Policy Statement. capital. In addition, the proposed the FR Y–9SP with the Federal Reserve. Board of Governors of the Federal Reserve changes to Schedule HC–L would Confidential treatment is not routinely System, February 23, 2015. require institutions to report securities given to the financial data in this report. Robert deV. Frierson, borrowed in a new item 6.b immediately However, confidential treatment for the Secretary of the Board. after the line item for securities lent, reporting information, in whole or in [FR Doc. 2015–03973 Filed 2–25–15; 8:45 am] which would be renumbered from item part, can be requested in accordance BILLING CODE P 6 to item 6.a. with the instructions to the form, One commenter noted that the current pursuant to sections (b)(4), (b)(6), or instructions for item 9 state to ‘‘report (b)(8) of the Freedom of Information Act FEDERAL RESERVE SYSTEM all securities borrowed against collateral (5 U.S.C. 552(b)(4), (b)(6), and (b)(8)). (other than cash)’’ for such purposes as Abstract: The FR Y–9SP is a parent Change in Bank Control Notices; serving ‘‘as a pledge against deposit company only financial statement filed Acquisitions of Shares of a Bank or liabilities or delivery against short semiannually by smaller HCs. Bank Holding Company sales,’’ whereas the current instructions Respondents include HCs with total for item 6 state to report all securities consolidated assets of less than $1 The notificants listed below have owned that are ‘‘lent against collateral billion. This form is a simplified or applied under the Change in Bank or on an uncollateralized basis.’’ The abbreviated version of the FR Y–9LP. Control Act (12 U.S.C. 1817(j)) and commenter characterizes current item 9 This report is designed to obtain basic § 225.41 of the Board’s Regulation Y (12 as inclusive of only certain types of parent company balance sheet and CFR 225.41) to acquire shares of a bank securities borrowings such as those income data, data on intangible assets, or bank holding company. The factors collateralized by ‘‘other than cash’’ and and data on intercompany transactions. that are considered in acting on the those ‘‘for purposes as a pledge against Current Actions: On August 6, 2014, notices are set forth in paragraph 7 of deposit liabilities or short sales,’’ the Federal Reserve published a notice the Act (12 U.S.C. 1817(j)(7)). whereas current item 6 covers all types in the Federal Register (79 FR 45808) The notices are available for of securities lending regardless of the requesting public comment for 60 days immediate inspection at the Federal type of collateral. The commenter on the revision, without extension, of Reserve Bank indicated. The notices suggested clarifying the scope of these the FR Y–9SP. The comment period for also will be available for inspection at two items. this notice expired on October 6, 2014. the offices of the Board of Governors. The Federal Reserve will clarify the The Federal Reserve did not receive any Interested persons may express their instructions for new item 6(b) to state comments. However, in light of the views in writing to the Reserve Bank that institutions should report all types legislation adopted by Congress on indicated for that notice or to the offices rmajette on DSK2VPTVN1PROD with NOTICES of securities borrowing, regardless of December 11, 2014, the Federal Reserve of the Board of Governors. Comments collateral type or purpose. The phrases will not finalize the proposed revisions must be received not later than March ‘‘other than cash’’ and ‘‘for such to FR Y–9SP Schedule SC–R, Part II, for 13, 2015. purpose as a pledge against deposit SLHCs that otherwise would have been A. Federal Reserve Bank of St. Louis liabilities or delivery against short subject to the Small BHC Policy (Yvonne Sparks, Community sales’’ will be deleted from the final Statement in effect as of the filing date Development Officer) P.O. Box 442, St. instructions for new item 6(b). for the FR Y–9SP. Louis, Missouri 63166–2034: VerDate Sep<11>2014 15:27 Feb 25, 2015 Jkt 235001 PO 00000 Frm 00032 Fmt 4703 Sfmt 4703 E:\FR\FM\26FEN1.SGM 26FEN1

Federal Register / Vol. 80, No. 38 / Thursday, February 26, 2015 / Notices 10487 1. HopFed Bancorp 2015 Employee the voting shares of NOA Bank, Duluth, • Fax: 202/452–3819 or 202/452– Stock Ownership Plan, with John E. Georgia. 3102. Peck and Billy C. Duvall, all of B. Federal Reserve Bank of Kansas • Mail: Robert deV. Frierson, Hopkinsville, Kentucky, and Thomas I. City (Dennis Denney, Assistant Vice Secretary, Board of Governors of the Miller, Murray, Kentucky, as trustees, to President) 1 Memorial Drive, Kansas Federal Reserve System, 20th Street and acquire voting shares of HopFed City, Missouri 64198–0001: 1. Olney Bancshares of Texas, Inc., Constitution Avenue NW., Washington, Bancorp, Inc., and thereby indirectly Olney, Texas; to acquire 100 percent of DC 20551. acquire voting shares of Heritage Bank, USA, Inc., both in Hopkinsville, the voting shares of Vintage Shares, Inc., All public comments will be made Kentucky. and thereby indirectly acquire voting available on the Board’s Web site at Board of Governors of the Federal Reserve shares of Vintage Bank, both in www.federalreserve.gov/generalinfo/ System, February 23, 2015. Waxahachie, Texas. foia/ProposedRegs.cfm as submitted, Michael J. Lewandowski, Board of Governors of the Federal Reserve unless modified for technical reasons. Associate Secretary of the Board. System, February 23, 2015. Accordingly, comments will not be [FR Doc. 2015–03984 Filed 2–25–15; 8:45 am] Michael J. Lewandowski, edited to remove any identifying or Associate Secretary of the Board. contact information. Public comments BILLING CODE 6210–01–P [FR Doc. 2015–03983 Filed 2–25–15; 8:45 am] may also be viewed electronically or in BILLING CODE 6210–01–P paper form in Room 3515, 1801 K Street FEDERAL RESERVE SYSTEM (between 18th and 19th Streets NW.) Washington, DC 20006. Formations of, Acquisitions by, and FEDERAL RESERVE SYSTEM Mergers of Bank Holding Companies FOR FURTHER INFORMATION CONTACT: Alye [Docket No. OP–1511] S. Foster, Senior Special Counsel, Legal The companies listed in this notice Division, Board of Governors of the have applied to the Board for approval, Privacy Act of 1974; Notice of New Federal Reserve System, 1801 K Street pursuant to the Bank Holding Company System of Records NW., Washington, DC 20007, or (202) Act of 1956 (12 U.S.C. 1841 et seq.) AGENCY: Board of Governors of the 452–5289, or alye.s.foster@frb.gov. (BHC Act), Regulation Y (12 CFR part Federal Reserve System. Telecommunications Device for the Deaf 225), and all other applicable statutes ACTION: Notice of new system of records. (TDD) users may contact (202) 263– and regulations to become a bank 4869. holding company and/or to acquire the SUMMARY: Pursuant to the provisions of assets or the ownership of, control of, or the Privacy Act of 1974, 5 U.S.C. 552a, SUPPLEMENTARY INFORMATION: In the power to vote shares of a bank or notice is given that the Board of accordance with the Privacy Act of bank holding company and all of the Governors of the Federal Reserve 1974, 5 U.S.C. 552a, the Board proposes banks and nonbanking companies System (Board) proposes the to establish a new system of records owned by the bank holding company, establishment of a new system of BGFRS–39 (General File of the including the companies listed below. records, BGFRS–39 (General File of the Community Advisory Council). The The applications listed below, as well Community Advisory Council). Board has established a Community as other related filings required by the DATES: In accordance with 5 U.S.C. Advisory Council (the ‘‘CAC’’). The Board, are available for immediate 552a(e)(4) and (11), the public is given CAC is scheduled to meet semi-annually inspection at the Federal Reserve Bank a 30-day period in which to comment; with the Board to offer diverse indicated. The applications will also be and the Office of Management and perspectives on the economic available for inspection at the offices of Budget (OMB), which has oversight circumstances and financial services the Board of Governors. Interested responsibility under the Privacy Act, needs of consumers and communities, persons may express their views in requires a 40-day period in which to with a particular focus on the concerns writing on the standards enumerated in conclude its review of the system. of low- and moderate-income the BHC Act (12 U.S.C. 1842(c)). If the Therefore, please submit any comments populations. The Board’s new system of proposal also involves the acquisition of on or before March 30, 2015. The new records, BGFRS–39, maintains records a nonbanking company, the review also system of records will become effective relating to the appointment and includes whether the acquisition of the April 7, 2015, without further notice, nonbanking company complies with the selection of individuals to the CAC and, unless comments dictate otherwise. for selectees, records relating to the standards in section 4 of the BHC Act ADDRESSES: The public, OMB, and (12 U.S.C. 1843). Unless otherwise individual’s membership on the CAC. Congress are invited to submit noted, nonbanking activities will be comments, identified by the docket In accordance with 5 U.S.C. 552a(r), a conducted throughout the United States. number above, by any of the following report of this system of records is being Unless otherwise noted, comments methods: filed with the Chair of the House regarding each of these applications • Agency Web site: http:// Committee on Oversight and must be received at the Reserve Bank www.federalreserve.gov. Follow the Government Reform, the Chair of the indicated or the offices of the Board of instructions for submitting comments. Senate Committee on Homeland Governors not later than March 23, http://www.federalreserve.gov/ Security and Governmental Affairs, and 2015. generalinfo/foia/ProposedRegs.cfm. the Administrator of the Office of rmajette on DSK2VPTVN1PROD with NOTICES A. Federal Reserve Bank of Atlanta • Federal eRulemaking Portal: http:// Information and Regulatory Affairs of (Chapelle Davis, Assistant Vice www.regulations.gov. Follow the the Office of Management and Budget. President) 1000 Peachtree Street NE., instructions for submitting comments. Atlanta, Georgia 30309: • Email: regs.comments@ 1. NOA Bancorp, Inc., Duluth, federalreserve.gov. Include docket Georgia; to become a bank holding number in the subject line of the company by acquiring 100 percent of message. VerDate Sep<11>2014 15:27 Feb 25, 2015 Jkt 235001 PO 00000 Frm 00033 Fmt 4703 Sfmt 4703 E:\FR\FM\26FEN1.SGM 26FEN1


Document Created: 2015-12-18 13:05:00
Document Modified: 2015-12-18 13:05:00
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
FR Citation80 FR 10486 
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