80 FR 14384 - Formations of, Acquisitions by, and Mergers of Bank Holding Companies

FEDERAL RESERVE SYSTEM

Federal Register Volume 80, Issue 53 (March 19, 2015)

Page Range		14384-14385
FR Document		2015-06321

Federal Register, Volume 80 Issue 53 (Thursday, March 19, 2015)

[Federal Register Volume 80, Number 53 (Thursday, March 19, 2015)]
[Notices]
[Pages 14384-14385]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-06321]


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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

[[Page 14385]]

owned by the bank holding company, including the companies listed 
below.
    The applications listed below, as well as other related filings 
required by the Board, are available for immediate inspection at the 
Federal Reserve Bank indicated. The applications will also be available 
for inspection at the offices of the Board of Governors. Interested 
persons may express their views in writing on the standards enumerated 
in the BHC Act (12 U.S.C. 1842(c)). If the proposal also involves the 
acquisition of a nonbanking company, the review also includes whether 
the acquisition of the nonbanking company complies with the standards 
in section 4 of the BHC Act (12 U.S.C. 1843). Unless otherwise noted, 
nonbanking activities will be conducted throughout the United States.
    Unless otherwise noted, comments regarding each of these 
applications must be received at the Reserve Bank indicated or the 
offices of the Board of Governors not later than April 13, 2015.
    A. Federal Reserve Bank of St. Louis (Yvonne Sparks, Community 
Development Officer) P.O. Box 442, St. Louis, Missouri 63166-2034:
    1. Washington Savings, M.H.C., Effingham, Illinois, to become a 
mutual holding company through the re-organization of ownership of 
Washington Savings Bank, Effingham, Illinois, from mutual to stock 
form. Washington Savings will have its depositors convert their 
ownership into ownership in Washington Savings, M.H.C.
    In connection with this proposal, Washington Savings, M.H.C., will 
also acquire through merger, First Federal M.H.C., Mattoon, Illinois, 
and simultaneously merge the subsidiary savings association, First 
Federal Savings and Loan Association, with and into Washington Savings.

    Board of Governors of the Federal Reserve System, March 16, 
2015.
Michael J. Lewandowski,
Associate Secretary of the Board.
[FR Doc. 2015-06321 Filed 3-18-15; 8:45 am]
 BILLING CODE 6210-01-P

14384 Federal Register / Vol. 80, No. 53 / Thursday, March 19, 2015 / Notices

Frequency of Response: Philadelphia, Chicago, and Manhattan Federal Communications Commission.
Recordkeeping, reporting, and third- Borough of New York City) must collect Marlene H. Dortch,
party disclosure requirements. and report aggregate data on the location Secretary.
Obligation to Respond: Voluntary and technologies used for live 911 calls. [FR Doc. 2015–06284 Filed 3–18–15; 8:45 am]
mandatory. Statutory authority for this This reporting requirement is necessary BILLING CODE 6712–01–P
information collection is contained in to validate and verify the compliance
47. U.S.C. Sections 1, 2, 4(i), 7, 10, 201, certifications made by CMRS providers.
214, 222, 251(e), 301, 302, 303, 303(b), Section 20.18(i)(4)(ii) requires that no
303(r), 307, 307(a), 309, 309(j)(3), 316, later than 18 months from the effective FEDERAL RESERVE SYSTEM
316(a), and 332 of the Communications date, each CMRS provider shall submit
Act of 1934, as amended. Change in Bank Control Notices;
to the Commission a report on its
Total Annual Burden: 140,656 hours. Acquisitions of Shares of a Bank or
progress toward implementing
Total Annual Cost: N/A. Bank Holding Company
Privacy Impact Assessment: No improved indoor location accuracy.
impact(s). Non-nationwide CMRS providers will The notificants listed below have
Nature and Extent of Confidentiality: have an additional 6 months to submit applied under the Change in Bank
None. their progress reports. All CMRS Control Act (12 U.S.C. 1817(j)) and
Needs and Uses: Section providers shall provide an additional § 225.41 of the Board’s Regulation Y (12
20.18(i)(2)(ii)(A) rule requires that, progress report no later than 36 months CFR 225.41) to acquire shares of a bank
within three years of the effective date from the effective date of the adoption or bank holding company. The factors
of rules, CMRS providers shall deliver of this rule. The 36-month reports shall that are considered in acting on the
to uncompensated barometric pressure indicate what progress the provider has notices are set forth in paragraph 7 of
data from any device capable of made consistent with its the Act (12 U.S.C. 1817(j)(7)).
delivering such data to PSAPs. This implementation plan. The notices are available for
requirement is necessary to ensure that Section 20.18(i)(4)(iii) requires that immediate inspection at the Federal
PSAPs are receiving all location prior to activation of the NEAD but no Reserve Bank indicated. The notices
information possible to be used for later than 18 months from the effective also will be available for inspection at
dispatch. This requirement is also date of the adoption of this rule, the the offices of the Board of Governors.
necessary to ensure that CMRS nationwide CMRS providers shall file Interested persons may express their
providers implement a vertical location with the Commission and request views in writing to the Reserve Bank
solution in the event that the proposed approval for a security and privacy plan indicated for that notice or to the offices
‘‘dispatchable location’’ solution does for the administration and operation of of the Board of Governors. Comments
not function as intended by the three- the NEAD. This requirement is must be received not later than April 3,
year mark and beyond. necessary to ensure that the four 2015.
Section 20.18(i)(2)(ii)(B) requires that nationwide CMRS providers are A. Federal Reserve Bank of Chicago
the four nationwide providers submit to building in privacy and security (Colette A. Fried, Assistant Vice
the Commission for review and measures to the NEAD from its President) 230 South LaSalle Street,
approval a reasonable metric for z-axis inception. Chicago, Illinois 60690–1414:
(vertical) location accuracy no later than Section 20.18(i)(4)(iv) requires that 1. Oliver Pierce Smith, Neenah,
3 years from the effective date of rules. before use of the NEAD or any Wisconsin; to retain voting shares of
The requirement is critical to ensure information contained therein, CMRS First Menasha Bancshares, Inc., Neenah,
that the vertical location framework providers must certify that they will not Wisconsin, and thereby indirectly retain
adopted in the Fourth Report and Order use the NEAD or associated data for any voting shares of First National Bank-Fox
is effectively implemented. non-911 purpose, except as otherwise Valley, Neenah, Wisconsin.
Section 20.18(i)(2)(iii) requires CMRS required by law. This requirement is Board of Governors of the Federal Reserve
providers to certify compliance with the necessary to ensure the privacy and System, March 16, 2015.
Commission’s rules at various security of any personally identifiable Michael J. Lewandowski,
benchmarks throughout implementation information that may be collected by the Associate Secretary of the Board.
of improved location accuracy. This NEAD. [FR Doc. 2015–06320 Filed 3–18–15; 8:45 am]
requirement is necessary to ensure that
CMRS providers remain ‘‘on track’’ to Section 20.18(j) requires CMRS BILLING CODE 6210–01–P

reach the goals that they themselves providers to provide standardized
agreed to. confidence and uncertainty (C/U) data
for all wireless 911 calls, whether from FEDERAL RESERVE SYSTEM
Section 20.18(i)(3)(i) requires that
within 12 months of the effective date, outdoor or indoor locations, on a per-
call basis upon the request of a PSAP. Formations of, Acquisitions by, and
the four nationwide CMRS providers Mergers of Bank Holding Companies
must establish the test bed described in This requirement will serve to make the
the Fourth Report and Order, which will use of C/U data easier for PSAPs The companies listed in this notice
validate technologies intended for Section 20.18(k) requires that CMRS have applied to the Board for approval,
indoor location, The test bed is providers must record information on pursuant to the Bank Holding Company
necessary for the compliance all live 911 calls, including, but not Act of 1956 (12 U.S.C. 1841 et seq.)
certification framework adopted in the limited to, the positioning source (BHC Act), Regulation Y (12 CFR part
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Fourth Report and Order. method used to provide a location fix 225), and all other applicable statutes
Section 20.18(i)(3)(ii) requires that associated with the call, as well as and regulations to become a bank
beginning 18 months from effective date confidence and uncertainty data. This holding company and/or to acquire the
of rules, nationwide CMRS providers information must be made available to assets or the ownership of, control of, or
providing service in any of the six Test PSAPs upon request, as a measure to the power to vote shares of a bank or
Cities identified by ATIS (Atlanta, promote transparency and bank holding company and all of the
Denver/Front Range, San Francisco, accountability for this set of rules. banks and nonbanking companies

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Federal Register / Vol. 80, No. 53 / Thursday, March 19, 2015 / Notices 14385

owned by the bank holding company, FEDERAL RESERVE SYSTEM to stock form, Equitable Financial MHC
including the companies listed below. and Equitable Financial Corp, the
The applications listed below, as well Formations of, Acquisitions by, and existing mid-tier holding company of
as other related filings required by the Mergers of Savings and Loan Holding Equitable Bank, will cease to exist, and
Board, are available for immediate Companies Equitable Bank will become a wholly-
inspection at the Federal Reserve Bank The companies listed in this notice owned subsidiary of Equitable Financial
indicated. The applications will also be have applied to the Board for approval, Corp, a de novo company.
available for inspection at the offices of pursuant to the Home Owners’ Loan Act Board of Governors of the Federal Reserve
the Board of Governors. Interested (12 U.S.C. 1461 et seq.) (HOLA), System, March 16, 2015.
persons may express their views in Regulation LL (12 CFR part 238), and Michael J. Lewandowski,
writing on the standards enumerated in Regulation MM (12 CFR part 239), and Associate Secretary of the Board.
the BHC Act (12 U.S.C. 1842(c)). If the all other applicable statutes and
proposal also involves the acquisition of [FR Doc. 2015–06319 Filed 3–18–15; 8:45 am]
regulations to become a savings and
a nonbanking company, the review also loan holding company and/or to acquire BILLING CODE 6210–01–P
includes whether the acquisition of the the assets or the ownership of, control
nonbanking company complies with the of, or the power to vote shares of a
standards in section 4 of the BHC Act savings association and nonbanking
(12 U.S.C. 1843). Unless otherwise companies owned by the savings and FEDERAL TRADE COMMISSION
noted, nonbanking activities will be loan holding company, including the
conducted throughout the United States. Granting of Request for Early
companies listed below. Termination of the Waiting Period
Unless otherwise noted, comments The applications listed below, as well
regarding each of these applications Under the Premerger Notification
as other related filings required by the
must be received at the Reserve Bank Rules
Board, are available for immediate
indicated or the offices of the Board of inspection at the Federal Reserve Bank Section 7A of the Clayton Act, 15
Governors not later than April 13, 2015. indicated. The application also will be U.S.C. 18a, as added by Title II of the
A. Federal Reserve Bank of St. Louis available for inspection at the offices of Hart-Scott-Rodino Antitrust
(Yvonne Sparks, Community the Board of Governors. Interested Improvements Act of 1976, requires
Development Officer) P.O. Box 442, St. persons may express their views in persons contemplating certain mergers
Louis, Missouri 63166–2034: writing on the standards enumerated in or acquisitions to give the Federal Trade
1. Washington Savings, M.H.C., the HOLA (12 U.S.C. 1467a(e)). If the Commission and the Assistant Attorney
Effingham, Illinois, to become a mutual proposal also involves the acquisition of General advance notice and to wait
holding company through the re- a nonbanking company, the review also designated periods before
organization of ownership of includes whether the acquisition of the consummation of such plans. Section
Washington Savings Bank, Effingham, nonbanking company complies with the 7A(b)(2) of the Act permits the agencies,
Illinois, from mutual to stock form. standards in section 10(c)(4)(B) of the in individual cases, to terminate this
Washington Savings will have its HOLA (12 U.S.C. 1467a(c)(4)(B)). Unless waiting period prior to its expiration
depositors convert their ownership into otherwise noted, nonbanking activities and requires that notice of this action be
ownership in Washington Savings, will be conducted throughout the published in the Federal Register.
M.H.C. United States.
In connection with this proposal, Unless otherwise noted, comments The following transactions were
Washington Savings, M.H.C., will also regarding each of these applications granted early termination—on the dates
acquire through merger, First Federal must be received at the Reserve Bank indicated—of the waiting period
M.H.C., Mattoon, Illinois, and indicated or the offices of the Board of provided by law and the premerger
simultaneously merge the subsidiary Governors not later than April 13, 2015. notification rules. The listing for each
savings association, First Federal A. Federal Reserve Bank of Kansas transaction includes the transaction
Savings and Loan Association, with and City (Dennis Denney, Assistant Vice number and the parties to the
into Washington Savings. President) 1 Memorial Drive, Kansas transaction. The grants were made by
City, Missouri 64198–0001: the Federal Trade Commission and the
Board of Governors of the Federal Reserve 1. Equitable Financial Corp., Grand Assistant Attorney General for the
System, March 16, 2015. Island, Nebraska; proposes to become a Antitrust Division of the Department of
Michael J. Lewandowski, savings and loan holding company by Justice. Neither agency intends to take
Associate Secretary of the Board. acquiring 100 percent of Equitable Bank, any action with respect to these
[FR Doc. 2015–06321 Filed 3–18–15; 8:45 am] Grand Island, Nebraska. Upon the proposed acquisitions during the
BILLING CODE 6210–01–P conversion of Equitable Financial MHC applicable waiting period.

EARLY TERMINATIONS GRANTED
FEBRUARY 1, 2015 THRU FEBRUARY 27, 2015

02/02/2015

20150311 ...... G Desmarais Family Residuary Trust; Blue Crest Holding S.A.; Desmarais Family Residuary Trust.
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20150312 ...... G Baron Albert Frere; Blue Crest Holding S.A.; Baron Albert Frere.
20150502 ...... G Chai Trust Company, LLC; Par Petroleum Corporation; Chai Trust Company, LLC.
20150503 ...... G Roche Holding Ltd., Trophos SA; Roche Holding Ltd.
20150507 ...... G Lindsay Goldberg III, LP; Golden Tree Offshore Intermediate Fund, LP; Lindsay Goldberg III, LP.
20150509 ...... G New Mountain Partners IV, LP.; DFS Holding Company, Inc.; New Mountain Partners IV, L.P.
20150512 ...... G Callaway Golf Company, TopGolf International, Inc.; Callaway Golf Company.
20150514 ...... G Manulife Financial Corporation; New York Life Insurance Company; Manulife Financial Corporation.

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Document Created: 2018-02-21 09:42:19
Document Modified: 2018-02-21 09:42:19

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
FR Citation		80 FR 14384