80_FR_17812 80 FR 17749 - Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company

80 FR 17749 - Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company

FEDERAL RESERVE SYSTEM

Federal Register Volume 80, Issue 63 (April 2, 2015)

Page Range17749-17749
FR Document2015-07556

Federal Register, Volume 80 Issue 63 (Thursday, April 2, 2015) 
[Federal Register Volume 80, Number 63 (Thursday, April 2, 2015)]
[Notices]
[Page 17749]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-07556]



[[Page 17749]]

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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 April 17, 2015.
    A. Federal Reserve Bank of Minneapolis (Jacquelyn K. Brunmeier, 
Assistant Vice President) 90 Hennepin Avenue, Minneapolis, Minnesota 
55480-0291:
    1. Elizabeth J. Hyduke-Kelm, Golden Valley, Minnesota, individually 
and as co-Trustee of a trust benefiting Elizabeth J. Hyduke-Kelm, and 
Elizabeth J. Hyduke-Kelm as co-Trustee of three family trusts, 
Minneapolis, Minnesota; and Stephen P. Hyduke, individually and as co-
Trustee of a trust benefiting Stephen P. Hyduke, Minneapolis, 
Minnesota; to each acquire voting shares of Duke Financial Group, Inc., 
Minneapolis, Minnesota, and thereby indirectly acquire voting shares of 
Peoples Bank of Commerce, Cambridge, Minnesota, and State Bank of New 
Prague, New Prague, Minnesota.

    Board of Governors of the Federal Reserve System, March 30, 
2015.
Michael J. Lewandowski,
Associate Secretary of the Board.
[FR Doc. 2015-07556 Filed 4-1-15; 8:45 am]
BILLING CODE CODE 6210-01-P

Federal Register / Vol. 80, No. 63 / Thursday, April 2, 2015 / Notices 17749 FEDERAL RESERVE SYSTEM Reduction Act (‘‘PRA’’) clearance for the Under the Dodd-Frank Wall Street FTC’s enforcement of the information Reform and Consumer Protection Act Change in Bank Control Notices; collection requirements in four (‘‘Dodd-Frank Act’’), Public Law 111– Acquisitions of Shares of a Bank or consumer financial regulations enforced 203, 124 Stat. 1376 (2010), almost all Bank Holding Company by the Commission. Those clearances rulemaking authority for the ECOA, expire on June 30, 2015. EFTA, CLA, and TILA transferred from The notificants listed below have DATES: Comments must be filed by June the Board of Governors of the Federal applied under the Change in Bank 1, 2015. Reserve System (Board) to the Consumer Control Act (12 U.S.C. 1817(j)) and ADDRESSES: Interested parties may file a Financial Protection Bureau (CFPB) on § 225.41 of the Board’s Regulation Y (12 comment online or on paper, by July 21, 2011 (‘‘transfer date’’). To CFR 225.41) to acquire shares of a bank following the instructions in the implement this transferred authority, or bank holding company. The factors Request for Comment part of the the CFPB published for public comment that are considered in acting on the SUPPLEMENTARY INFORMATION section and issued interim final rules for new notices are set forth in paragraph 7 of below. Write ‘‘Regs BEMZ, PRA regulations in 12 CFR part 1002 the Act (12 U.S.C. 1817(j)(7)). Comments, P084812’’ on your comment (Regulation B), 12 CFR part 1005 The notices are available for and file your comment online at (Regulation E), 12 CFR part 1013 immediate inspection at the Federal https://ftcpublic.commentworks.com/ (Regulation M), and 12 CFR 1026 Reserve Bank indicated. The notices ftc/RegsBEMZpra by following the (Regulation Z) for those entities under also will be available for inspection at instructions on the web-based form. If its rulemaking jurisdiction.1 Although the offices of the Board of Governors. you prefer to file your comment on the Dodd-Frank Act transferred most Interested persons may express their paper, mail or deliver your comment to rulemaking authority under ECOA, views in writing to the Reserve Bank the following address: Federal Trade EFTA, CLA, and TILA to the CFPB, the indicated for that notice or to the offices Commission, Office of the Secretary, Board retained rulemaking authority for of the Board of Governors. Comments 600 Pennsylvania Avenue NW., Suite certain motor vehicle dealers 2 under all must be received not later than April 17, CC–5610 (Annex J), Washington, DC of these statutes and also for certain 2015. A. Federal Reserve Bank of 20580, or deliver your comment to the interchange-related requirements under Minneapolis (Jacquelyn K. Brunmeier, following address: Federal Trade EFTA.3 Commission, Office of the Secretary, As a result of the Dodd-Frank Act, the Assistant Vice President) 90 Hennepin Constitution Center, 400 7th Street SW., FTC and the CFPB now share the Avenue, Minneapolis, Minnesota 5th Floor, Suite 5610 (Annex J), authority to enforce Regulations B, E, M, 55480–0291: 1. Elizabeth J. Hyduke-Kelm, Golden Washington, DC 20024. and Z for entities for which the FTC had Valley, Minnesota, individually and as enforcement authority before the Act, FOR FURTHER INFORMATION CONTACT: co-Trustee of a trust benefiting Elizabeth except for certain motor vehicle dealers. Requests for additional information or J. Hyduke-Kelm, and Elizabeth J. Because of this shared enforcement copies of the proposed information Hyduke-Kelm as co-Trustee of three jurisdiction, the two agencies have requirements should be addressed to family trusts, Minneapolis, Minnesota; divided the FTC’s previously-cleared Carole Reynolds or Thomas Kane, and Stephen P. Hyduke, individually PRA burden between them,4 except that Attorneys, Division of Financial and as co-Trustee of a trust benefiting the FTC retained all of the part of that Practices, Bureau of Consumer Stephen P. Hyduke, Minneapolis, burden associated with motor vehicle Protection, Federal Trade Commission, Minnesota; to each acquire voting shares dealers (for brevity, referred to in the 600 Pennsylvania Ave. NW., of Duke Financial Group, Inc., burden summaries below as a ‘‘carve- Washington, DC 20580, (202) 326–3224. Minneapolis, Minnesota, and thereby out’’).5 The division of PRA burden SUPPLEMENTARY INFORMATION: The four indirectly acquire voting shares of regulations covered by this notice are: 1 12 CFR 1002 (Reg. B) (76 FR 79442, Dec. 21, Peoples Bank of Commerce, Cambridge, (1) Regulations promulgated under 2011); 12 CFR 1005 (Reg. E) (76 FR 81020, Dec. 27, Minnesota, and State Bank of New the Equal Credit Opportunity Act, 15 2011); 12 CFR 1013 (Reg. M) (76 FR 78500, Dec. 19, Prague, New Prague, Minnesota. U.S.C. 1691 et seq. (‘‘ECOA’’) 2011); 12 CFR 1026 (Reg. Z) (76 FR 79768, Dec. 22, 2011). Board of Governors of the Federal Reserve (‘‘Regulation B’’) (OMB Control Number: 2 Generally, these are dealers ‘‘predominantly System, March 30, 2015. 3084–0087); engaged in the sale and servicing of motor vehicles, Michael J. Lewandowski, (2) Regulations promulgated under the leasing and servicing of motor vehicles, or Associate Secretary of the Board. the Electronic Fund Transfer Act, 15 both.’’ See Dodd-Frank Act, § 1029(a), –(c). 3 See Dodd-Frank Act, § 1075 (these requirements [FR Doc. 2015–07556 Filed 4–1–15; 8:45 am] U.S.C. 1693 et seq. (‘‘EFTA’’) are implemented through Board Regulation II, 12 (‘‘Regulation E’’) (OMB Control Number: CFR 235, rather than EFTA’s implementing BILLING CODE CODE 6210–01–P 3084–0085); Regulation E). (3) Regulations promulgated under 4 The CFPB also factored into its burden estimates the Consumer Leasing Act, 15 U.S.C. respondents over which it has jurisdiction but the FEDERAL TRADE COMMISSION 1667 et seq. (‘‘CLA’’) (‘‘Regulation M’’) FTC does not. 5 See Dodd-Frank Act § 1029 (a), as limited by (OMB Control Number: 3084–0086); and Agency Information Collection subsection (b). Subsection (b) does not preclude (4) Regulations promulgated under CFPB regulatory oversight regarding, among others, Activities; Proposed Collection; the Truth-In-Lending Act, 15 U.S.C. businesses that extend retail credit or retail leases Comment Request; Extension 1601 et seq. (‘‘TILA’’) (‘‘Regulation Z’’) for motor vehicles in which the credit or lease (OMB Control Number: 3084–0088). offered is provided directly from those businesses, AGENCY: Federal Trade Commission rather than unaffiliated third parties, to consumers. tkelley on DSK3SPTVN1PROD with NOTICES (‘‘FTC’’ or ‘‘Commission’’). The FTC enforces these statutes as to It is not practicable, however, for PRA purposes, to ACTION: Notice. all businesses engaged in conduct these estimate the portion of dealers that engage in one laws cover unless these businesses form of financing versus another (and that would SUMMARY: The FTC intends to ask the (such as federally chartered or insured or would not be subject to CFPB oversight). Thus, FTC staff’s ‘‘carve-out’’ for this PRA burden analysis Office of Management and Budget depository institutions) are subject to reflects a general estimated volume of motor vehicle (‘‘OMB’’) to extend for an additional the regulatory authority of another dealers. This attribution does not change actual three years the current Paperwork federal agency. enforcement authority. VerDate Sep<11>2014 18:52 Apr 01, 2015 Jkt 235001 PO 00000 Frm 00036 Fmt 4703 Sfmt 4703 E:\FR\FM\02APN1.SGM 02APN1


Document Created: 2018-02-21 10:03:41
Document Modified: 2018-02-21 10:03:41
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 17749 
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