80 FR 25292 - Notice of Proposals to Engage in or to Acquire Companies Engaged in Permissible Nonbanking Activities

FEDERAL RESERVE SYSTEM

Federal Register Volume 80, Issue 85 (May 4, 2015)

Page Range		25292-25292
FR Document		2015-10344

Federal Register, Volume 80 Issue 85 (Monday, May 4, 2015)

[Federal Register Volume 80, Number 85 (Monday, May 4, 2015)]
[Notices]
[Page 25292]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-10344]



[[Page 25292]]

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FEDERAL RESERVE SYSTEM


Notice of Proposals to Engage in or to Acquire Companies Engaged 
in Permissible Nonbanking Activities

    The companies listed in this notice have given notice under section 
4 of the Bank Holding Company Act (12 U.S.C. 1843) (BHC Act) and 
Regulation Y, (12 CFR part 225) to engage de novo, or to acquire or 
control voting securities or assets of a company, including the 
companies listed below, that engages either directly or through a 
subsidiary or other company, in a nonbanking activity that is listed in 
225.28 of Regulation Y (12 CFR 225.28) or that the Board has determined 
by Order to be closely related to banking and permissible for bank 
holding companies. Unless otherwise noted, these activities will be 
conducted throughout the United States.
    Each notice is available for inspection at the Federal Reserve Bank 
indicated. The notice also will be available for inspection at the 
offices of the Board of Governors. Interested persons may express their 
views in writing on the question whether the proposal complies with the 
standards of section 4 of the BHC Act.
    Unless otherwise noted, comments regarding the notices must be 
received at the Reserve Bank indicated or the offices of the Board of 
Governors not later than May 19, 2015.
    A. Federal Reserve Bank of Richmond (Adam M. Drimer, Assistant Vice 
President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
    1. Independence Bancshares, Inc., Greenville, South Carolina; to 
acquire MPIB Holdings, LLC, Darien, Connecticut, and thereby engage in 
data processing activities, pursuant to section 225.28(b)(14)(i).

    Board of Governors of the Federal Reserve System, April 29, 
2015.
Michael J. Lewandowski,
Associate Secretary of the Board.
[FR Doc. 2015-10344 Filed 5-1-15; 8:45 am]
 BILLING CODE 6210-01-P

25292 Federal Register / Vol. 80, No. 85 / Monday, May 4, 2015 / Notices

FEDERAL RESERVE SYSTEM approved collections of information are Abstract: For federally related
incorporated into the official OMB transactions, Title XI of the Financial
Notice of Proposals to Engage in or to inventory of currently approved Institutions Reform, Recovery, and
Acquire Companies Engaged in collections of information. Copies of the Enforcement Act of 1989 (FIRREA)
Permissible Nonbanking Activities Paperwork Reduction Act Submission, requires SMBs and BHCs with credit-
supporting statements and approved extending nonbank subsidiaries to use
The companies listed in this notice
collection of information instrument(s) appraisals prepared in accordance with
have given notice under section 4 of the
are placed into OMB’s public docket the Uniform Standards of Professional
Bank Holding Company Act (12 U.S.C.
files. The Federal Reserve may not Appraisal Practice promulgated by the
1843) (BHC Act) and Regulation Y, (12
conduct or sponsor, and the respondent Appraisal Standards Board of the
CFR part 225) to engage de novo, or to
is not required to respond to, an Appraisal Foundation. Generally, these
acquire or control voting securities or information collection that has been standards include the methods and
assets of a company, including the extended, revised, or implemented on or techniques used to analyze a property as
companies listed below, that engages after October 1, 1995, unless it displays well as the requirements for reporting
either directly or through a subsidiary or a currently valid OMB control number. such analysis and a value conclusion in
other company, in a nonbanking activity
FOR FURTHER INFORMATION CONTACT: the appraisal. SMBs and BHCs with
that is listed in 225.28 of Regulation Y
Federal Reserve Board, Acting credit-extending nonbank subsidiaries
(12 CFR 225.28) or that the Board has Clearance Officer—Mark Tokarski— are expected to maintain records that
determined by Order to be closely Office of the Chief Data Officer, Board demonstrate that appraisals used in
related to banking and permissible for of Governors of the Federal Reserve their real estate-related lending
bank holding companies. Unless System, Washington, DC 20551, (202) activities comply with these regulatory
otherwise noted, these activities will be 452–3829. Telecommunications Device requirements. There is no formal
conducted throughout the United States. for the Deaf (TDD) users may contact
Each notice is available for inspection reporting form.
(202) 263–4869, Board of Governors of Current Actions: On February 12,
at the Federal Reserve Bank indicated. the Federal Reserve System, 2015, the Federal Reserve published a
The notice also will be available for Washington, DC 20551. notice in the Federal Register (80 FR
inspection at the offices of the Board of OMB Desk Officer—Shagufta 7866) requesting public comment for 60
Governors. Interested persons may Ahmed—Office of Information and days on the extension, without revision,
express their views in writing on the Regulatory Affairs, Office of of the FR H–4. The comment period for
question whether the proposal complies Management and Budget, New this notice expired on April 13, 2015.
with the standards of section 4 of the Executive Office Building, Room 10235, The Federal Reserve did not receive any
BHC Act. 725 17th Street NW., Washington, DC
Unless otherwise noted, comments comments. The information collection
20503. will be extended for three years, without
regarding the notices must be received
at the Reserve Bank indicated or the SUPPLEMENTARY INFORMATION: revision, as proposed.
Final approval under OMB delegated Final approval, under OMB delegated
offices of the Board of Governors not
authority of the extension for three authority to implement the following
later than May 19, 2015.
years, without revision, of the following information collection:
A. Federal Reserve Bank of Richmond
report: Report title: Federal Reserve Board
(Adam M. Drimer, Assistant Vice
Report title: Recordkeeping Public Web Site Usability Survey.
President) 701 East Byrd Street, Agency form number: FR 3076.
Requirements Associated with Real
Richmond, Virginia 23261–4528: OMB control number: 7100—to be
1. Independence Bancshares, Inc., Estate Appraisal Standards for Federally
Related Transactions Pursuant to assigned.
Greenville, South Carolina; to acquire Frequency: On occasion.
MPIB Holdings, LLC, Darien, Regulations H and Y.
Agency form number: FR H–4. Reporters: Consumers, media,
Connecticut, and thereby engage in data OMB control number: 7100–0250. economists, financial institutions,
processing activities, pursuant to Frequency: Event-generated. nonprofits, community development
section 225.28(b)(14)(i). Reporters: State member banks organizations, consumer groups, state or
Board of Governors of the Federal Reserve (SMBs) and nonbank subsidiaries of local agencies, and researchers from
System, April 29, 2015. bank holding companies (BHCs). academic, government, policy and other
Michael J. Lewandowski, Estimated annual reporting hours: institutions.
Associate Secretary of the Board. SMBs, 31,820 hours; nonbank Estimated annual reporting hours:
[FR Doc. 2015–10344 Filed 5–1–15; 8:45 am] subsidiaries of BHCs, 11,813 hours. Surveys, 300 hours; and Focus Groups,
Estimated average hours per response: 120 hours.
BILLING CODE 6210–01–P
SMBs, 0.25; nonbank subsidiaries of Estimated average hours per response:
BHCs, 0.25. Surveys, 0.25 hours; and Focus Groups,
FEDERAL RESERVE SYSTEM Number of respondents: SMBs, 860; 1.50 hours.
nonbank subsidiaries of BHCs, 613. Number of respondents: Surveys, 100;
Agency Information Collection General description of report: The and Focus Groups, 20.
Activities: Announcement of Board recordkeeping requirements of this General description of report: This
Approval Under Delegated Authority information collection are mandatory information collection is generally
and Submission to OMB (12 U.S.C. 3339). Since the Federal authorized under section 2B of the
mstockstill on DSK4VPTVN1PROD with NOTICES

Reserve does not collect this Federal Reserve Act, as amended, that
AGENCY: Board of Governors of the information, confidentiality is not requires the Board to provide certain
Federal Reserve System. generally an issue. However, if the reports, audits, and other information
SUMMARY: Notice is hereby given of the Federal Reserve were to collect a copy that ‘‘the Board reasonably believes is
final approval of proposed information of the appraisal report during an necessary or helpful to the public in
collections by the Board of Governors of examination, the documents could be understating the accounting, financial
the Federal Reserve System (Board) exempt from disclosure under FOIA (5 reporting, and internal controls of the
under OMB delegated authority. Board- U.S.C 552(b)(4) and (b)(8)). Board and the Federal reserve banks’’

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Document Created: 2018-02-21 10:22:37
Document Modified: 2018-02-21 10:22:37

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 25292