80 FR 16010 - Formations of, Acquisitions by, and Mergers of Bank Holding Companies

FEDERAL RESERVE SYSTEM

Federal Register Volume 80, Issue 58 (March 26, 2015)

Page Range		16010-16011
FR Document		2015-06925

Federal Register, Volume 80 Issue 58 (Thursday, March 26, 2015)

[Federal Register Volume 80, Number 58 (Thursday, March 26, 2015)]
[Notices]
[Pages 16010-16011]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-06925]


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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 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

[[Page 16011]]

must be received at the Reserve Bank indicated or the offices of the 
Board of Governors not later than April 23, 2015.
    A. Federal Reserve Bank of New York (Ivan Hurwitz, Vice President) 
33 Liberty Street, New York, New York 10045-0001:
    1. Royal Bank of Canada, Montreal, Canada and its wholly-owned 
subsidiary, RBC USA Holdco, New York, New York; to acquire City 
National Corporation and thereby indirectly acquire City National Bank, 
both in Los Angeles, California. In connection with this application, 
RBC USA Holdco Corporation, New York, New York, has applied to become a 
bank holding company.

    Board of Governors of the Federal Reserve System, March 23, 
2015.
Michael J. Lewandowski,
Associate Secretary of the Board.
[FR Doc. 2015-06925 Filed 3-25-15; 8:45 am]
 BILLING CODE 6210-01-P

16010 Federal Register / Vol. 80, No. 58 / Thursday, March 26, 2015 / Notices

the issuance or retention of a grant, or not limited to, controlled access, RECORD SOURCE CATEGORIES:
other benefit; and passwords, and other security features. The sources for the information in the
13. Employment, Clearances, In addition, data in the network servers FCC Telework Program include, but are
Licensing, Contract, Grant, or other are routinely backed-up. The servers are not limited to:
Benefits Decisions by other than the stored in a secured environment to 1. The information that the FCC
agency—A record from this system may protect the data. employees are required to provide on
be disclosed to a Federal, State, local, The paper documents, including all the FCC Telework Request Form and
foreign, tribal, or other public agency or forms and related documentation, are Agreement, Telework Training
authority of the fact that this system of maintained in file cabinets that are Certificate, and Home Safety Self-
records contains information relevant to located in HRM and B/Os. The file Certification when they voluntarily seek
the retention of an employee, the cabinets are locked when not in use and to participate in the telework program;
retention of a security clearance, the at the end of the business day. Access Reasonable Accommodations Requests;
letting of a contract, or the issuance or to these files is restricted to authorized and
retention of a license, grant, or other HRM, B/O supervisors, staff, and 2. Information related to an
benefit. The other agency or licensing contractors. Only authorized staff may employee’s application, which the
organization may then make a request be granted access to contact rosters. supervisor may include as part of the
supported by the written consent of the Paper copies of such rosters must be terms and conditions for an employee’s
individual for the entire records if it so under the control of the employee or telework review and approval,
chooses. No disclosure will be made locked in a secure container when not disapproval, and/or renewal.
unless the information has been in use. Safeguards in place adhere to
determined to be sufficiently reliable to Federal standards, including the EXEMPTIONS CLAIMED FOR THE SYSTEM:
support a referral to another office National Institute of Standard and None.
within the agency or to another Federal Technology (NIST) and FCC standards. Federal Communications Commission.
agency for criminal, civil, Marlene H. Dortch,
RETENTION AND DISPOSAL:
administrative, personnel, or regulatory Secretary.
action. The National Archives and Records
[FR Doc. 2015–06935 Filed 3–25–15; 8:45 am]
Administration (NARA) has not
DISCLOSURE TO CONSUMER REPORTING established a records schedule for the BILLING CODE 6712–01–P
AGENCIES:
information in the FCC Telework
None. Program. Consequently, the FCC will
maintain the information in the FEDERAL RESERVE SYSTEM
POLICIES AND PRACTICES FOR STORING,
RETRIEVING, ACCESSING, RETAINING, AND telework program files until NARA
approves the appropriate records Formations of, Acquisitions by, and
DISPOSING OF RECORDS IN THE SYSTEM:
schedule. Mergers of Bank Holding Companies
STORAGE:
The information pertaining to the FCC SYSTEM MANAGER(S) AND ADDRESS: The companies listed in this notice
Telework Program includes electronic have applied to the Board for approval,
Human Resources Management
records, files, and data and paper pursuant to the Bank Holding Company
(HRM), Office of Managing Director
documents, records, and files. HRM and Act of 1956 (12 U.S.C. 1841 et seq.)
(OMD), Federal Communications
the B/O will jointly manage these (BHC Act), Regulation Y (12 CFR part
Commission (FCC), 445 12th Street SW.,
electronic data and paper document 225), and all other applicable statutes
Washington, DC 20554; and Individual
files: and regulations to become a bank
FCC Bureaus and Offices, Federal
1. The electronic data will be stored holding company and/or to acquire the
Communications Commission (FCC),
in the computer files housed in the assets or the ownership of, control of, or
445 12th Street SW., Washington, DC
FCC’s computer network databases. the power to vote shares of a bank or
20554.
2. The paper documents, files and bank holding company and all of the
records will be stored in filing cabinets NOTIFICATION PROCEDURE: banks and nonbanking companies
in the HRM office suite and, in the Privacy Analyst, Information owned by the bank holding company,
appropriate B/O files, as applicable for Technology (IT), Office of Managing including the companies listed below.
teleworking employees. Director (OMD), Federal The applications listed below, as well
Communications Commission (FCC), as other related filings required by the
RETRIEVABILITY: 445 12th Street SW., Washington, DC Board, are available for immediate
Information in the FCC Telework 20554. inspection at the Federal Reserve Bank
Program may be retrieved by various indicated. The applications will also be
identifiers, including, but not limited to RECORD ACCESS PROCEDURES: available for inspection at the offices of
the individual’s name, B/O, address, Privacy Analyst, Information the Board of Governors. Interested
home phone number, and residential Technology (IT), Office of Managing persons may express their views in
address, and supervisor’s name. Director (OMD), Federal writing on the standards enumerated in
Communications Commission (FCC), the BHC Act (12 U.S.C. 1842(c)). If the
SAFEGUARDS: proposal also involves the acquisition of
445 12th Street SW., Washington, DC
Access to the electronic files is 20554. a nonbanking company, the review also
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restricted to authorized HRM and B/O includes whether the acquisition of the
supervisors and staff, and the CONTESTING RECORD PROCEDURES: nonbanking company complies with the
contractor’s supervisors and staff, who Privacy Analyst, Information standards in section 4 of the BHC Act
manage the FCC computer network Technology (IT), Office of Managing (12 U.S.C. 1843). Unless otherwise
databases. The FCC requires that these Director (OMD), Federal noted, nonbanking activities will be
computer network databases be Communications Commission (FCC), conducted throughout the United States.
protected by various security protocols 445 12th Street SW., Washington, DC Unless otherwise noted, comments
and safeguards, which include, but are 20554. regarding each of these applications

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Federal Register / Vol. 80, No. 58 / Thursday, March 26, 2015 / Notices 16011

must be received at the Reserve Bank FEDERAL RESERVE SYSTEM paper, by following the instructions in
indicated or the offices of the Board of the Request for Comment part of the
Governors not later than April 23, 2015. Change in Bank Control Notices; SUPPLEMENTARY INFORMATION section
A. Federal Reserve Bank of New York Acquisitions of Shares of a Bank or below. Write ‘‘BMW of North America,
(Ivan Hurwitz, Vice President) 33 Bank Holding Company LLC—Consent Agreement; File No.
Liberty Street, New York, New York 1323150’’ on your comment and file
The notificants listed below have
10045–0001: your comment online at https://
applied under the Change in Bank
1. Royal Bank of Canada, Montreal, ftcpublic.commentworks.com/ftc/
Control Act (12 U.S.C. 1817(j)) and
Canada and its wholly-owned bmwnorthamericaconsent by following
§ 225.41 of the Board’s Regulation Y (12
subsidiary, RBC USA Holdco, New the instructions on the web-based form.
CFR 225.41) to acquire shares of a bank
York, New York; to acquire City If you prefer to file your comment on
or bank holding company. The factors
National Corporation and thereby paper, write ‘‘BMW of North America,
that are considered in acting on the
indirectly acquire City National Bank, LLC—Consent Agreement; File No.
notices are set forth in paragraph 7 of
both in Los Angeles, California. In 1323150’’ on your comment and on the
the Act (12 U.S.C. 1817(j)(7)).
connection with this application, RBC envelope, and mail your comment to the
The notices are available for
USA Holdco Corporation, New York, following address: Federal Trade
immediate inspection at the Federal
New York, has applied to become a Commission, Office of the Secretary,
Reserve Bank indicated. The notices
bank holding company. 600 Pennsylvania Avenue NW., Suite
also will be available for inspection at
Board of Governors of the Federal Reserve the offices of the Board of Governors. CC–5610 (Annex D), Washington, DC
System, March 23, 2015. Interested persons may express their 20580, or deliver your comment to the
Michael J. Lewandowski, views in writing to the Reserve Bank following address: Federal Trade
Associate Secretary of the Board. indicated for that notice or to the offices Commission, Office of the Secretary,
[FR Doc. 2015–06925 Filed 3–25–15; 8:45 am] of the Board of Governors. Comments Constitution Center, 400 7th Street SW.,
must be received not later than April 13, 5th Floor, Suite 5610 (Annex D),
BILLING CODE 6210–01–P
2015. Washington, DC 20024.
A. Federal Reserve Bank of Kansas FOR FURTHER INFORMATION CONTACT:
FEDERAL RESERVE SYSTEM City (Dennis Denney, Assistant Vice Svetlana Gans, Bureau of Consumer
President), 1 Memorial Drive, Kansas Protection, (202) 326–3708, 600
Mid-Tier Bank Holding Company To City, Missouri 64198–0001: Pennsylvania Avenue NW., Washington,
Conduct a Minority Stock Issuance 1. Scott Warren Cooper, Garnett, DC 20580.
Kansas; to retain voting shares of SUPPLEMENTARY INFORMATION: Pursuant
The bank holding company listed in
Garnett Bancshares, Inc., and thereby to Section 6(f) of the Federal Trade
this notice has applied to the Board for
indirectly retain voting shares of Commission Act, 15 U.S.C. 46(f), and
approval to conduct a minority stock
Patriots Bank, both in Garnett, Kansas. FTC Rule 2.34, 16 CFR 2.34, notice is
issuance in accordance with the Board’s
Board of Governors of the Federal Reserve hereby given that the above-captioned
regulations governing mutual holding
System, March 23, 2015. consent agreement containing consent
companies.
The application listed below, as well Michael J. Lewandowski, order to cease and desist, having been
as other related filings required by the filed with and accepted, subject to final
Associate Secretary of the Board.
Board, is available for immediate approval, by the Commission, has been
[FR Doc. 2015–06923 Filed 3–25–15; 8:45 am]
inspection at the Federal Reserve Bank placed on the public record for a period
BILLING CODE 6210–01–P
indicated. The application will also be of thirty (30) days. The following
available for inspection at the offices of Analysis to Aid Public Comment
the Board of Governors. Interested describes the terms of the consent
FEDERAL TRADE COMMISSION agreement, and the allegations in the
persons may express their views in
writing. [File No. 132 3150] complaint. An electronic copy of the
Unless otherwise noted, comments full text of the consent agreement
regarding each of these applications BMW of North America, LLC; Proposed package can be obtained from the FTC
must be received at the Reserve Bank Consent Order To Aid Public Comment Home Page (for March 19, 2015), on the
indicated or the offices of the Board of World Wide Web at: http://www.ftc.gov/
AGENCY: Federal Trade Commission. os/actions.shtm.
Governors not later than April 23, 2015. ACTION: Proposed consent agreement.
A. Federal Reserve Bank of Boston You can file a comment online or on
(Prabal Chakrabarti, Senior Vice paper. For the Commission to consider
SUMMARY: The consent agreement in this
President) 600 Atlantic Avenue, Boston, your comment, we must receive it on or
matter settles alleged violations of
Massachusetts 02210–2204: before April 20, 2015. Write ‘‘BMW of
federal law prohibiting unfair or
1. Provident Bancorp and Provident North America, LLC—Consent
deceptive acts or practices. The attached
Bancorp, Inc., both in Amesbury, Agreement; File No. 1323150’’ on your
Analysis to Aid Public Comment
Massachusetts; to conduct a minority comment. Your comment—including
describes both the allegations in the
stock issuance in accordance with the your name and your state—will be
draft complaint and the terms of the
Board’s Regulation MM. Provident placed on the public record of this
consent order—embodied in the consent
Bancorp and Provident Bancorp, Inc. proceeding, including, to the extent
agreement—that would settle these
mstockstill on DSK4VPTVN1PROD with NOTICES

control Provident Bank. practicable, on the public Commission
allegations.
Web site, at http://www.ftc.gov/os/
Board of Governors of the Federal Reserve DATES: Comments must be received on publiccomments.shtm. As a matter of
System, March 23, 2015. or before April 20, 2015. discretion, the Commission tries to
Michael J. Lewandowski, ADDRESSES: Interested parties may file a remove individuals’ home contact
Associate Secretary of the Board. comment at https:// information from comments before
[FR Doc. 2015–06924 Filed 3–25–15; 8:45 am] ftcpublic.commentworks.com/ftc/ placing them on the Commission Web
BILLING CODE 6210–01–P bmwnorthamericaconsent online or on site.

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Document Created: 2015-12-18 11:46:36
Document Modified: 2015-12-18 11:46:36

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 16010