80 FR 38204 - Formations of, Acquisitions by, and Mergers of Bank Holding Companies

FEDERAL RESERVE SYSTEM

Federal Register Volume 80, Issue 127 (July 2, 2015)

Page Range		38204-38204
FR Document		2015-16315

Federal Register, Volume 80 Issue 127 (Thursday, July 2, 2015)

[Federal Register Volume 80, Number 127 (Thursday, July 2, 2015)]
[Notices]
[Page 38204]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-16315]


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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 must be received at the Reserve Bank indicated or the 
offices of the Board of Governors not later than July 30, 2015.
    A. Federal Reserve Bank of Philadelphia (William Lang, Senior Vice 
President) 100 North 6th Street, Philadelphia, Pennsylvania 19105-1521:
    1. Esquire Financial Holdings, Inc., Garden City, New York; to 
become a bank holding company in connection with the conversion of its 
wholly owned subsidiary, Esquire Bank, Garden City, New York, from a 
stock federal savings bank to a national bank.

    Board of Governors of the Federal Reserve System, June 29, 2015.
Michael J. Lewandowski,
Associate Secretary of the Board.
[FR Doc. 2015-16315 Filed 7-1-15; 8:45 am]
BILLING CODE 6210-01-P

38204 Federal Register / Vol. 80, No. 127 / Thursday, July 2, 2015 / Notices

enter the LEI for those entities that Number of respondents: 5,298. Board of Governors of the Federal Reserve
already have one. System: June 26, 2015.
General description of report: These
Two commenters requested a delay of information collections are mandatory
Robert deV. Frierson,
the implementation of the proposed Secretary of the Board.
as follows: Sections 4(k) and 5(c)(1)(A)
collection of the LEI from the top-tier [FR Doc. 2015–16247 Filed 7–1–15; 8:45 am]
of the BHC Act (12 U.S.C. 1843(k),
holding company and any of its BILLING CODE 6210–01–P
subsidiaries that already have an LEI 1844(c)(1)(A)), section 8(a) of the IBA
due to the complex and manual (12 U.S.C. 3106(a)), sections 11(a)(1),
validation process. One commenter 25(7), and 25A of the Federal Reserve
FEDERAL RESERVE SYSTEM
stated that reporters are often not the Act (12 U.S.C. 248(a)(1), 321, 601, 602,
majority interest holders for a reportable 611a, 615, and 625), and sections 113, Formations of, Acquisitions by, and
entity, and thus not responsible for 312, 618, and 809 of the Dodd-Frank Act Mergers of Bank Holding Companies
registering the LEI for these entities. (12 U.S.C. 5361, 5412, 1850a(c)(1), and
Obtaining LEI’s for these legal entities 5468(b)(1), respectively). The companies listed in this notice
would require contacting each majority have applied to the Board for approval,
The data collected in the FR Y–10E pursuant to the Bank Holding Company
interest holder separately to ascertain if are not considered confidential. With
the entity has an LEI. Therefore, they Act of 1956 (12 U.S.C. 1841 et seq.)
regard to information that a banking (BHC Act), Regulation Y (12 CFR part
requested that the effective date be organization may deem confidential, the
delayed from June 30, 2015, to 225), and all other applicable statutes
institution may request confidential and regulations to become a bank
December 31, 2015. After consideration treatment of such information under one
of these comments, the Federal Reserve holding company and/or to acquire the
or more of the exemptions in the assets or the ownership of, control of, or
will delay the effective date of the Freedom of Information Act (FOIA) (5
revisions to the FR Y–6 and FR Y–7 the power to vote shares of a bank or
U.S.C. 552). The most likely case for bank holding company and all of the
organizational chart to fiscal year ends confidential treatment will be based on
beginning December 31, 2015. banks and nonbanking companies
FOIA exemption 4, which permits an owned by the bank holding company,
Submission of existing LEI information
agency to exempt from disclosure ‘‘trade including the companies listed below.
will follow the normal FR Y–6 and FR
secrets and commercial or financial The applications listed below, as well
Y–7 submission deadlines (90 and 120
days respectively). The one-time information obtained from a person and as other related filings required by the
information collection to populate privileged and confidential,’’ (5 U.S.C. Board, are available for immediate
existing LEI data for all FR Y–10 552(b)(4)). To the extent an institution inspection at the Federal Reserve Bank
reportable entities (excluding branches), can establish the potential for indicated. The applications will also be
will also be effective December 31, substantial competitive harm, such available for inspection at the offices of
2015, with submissions due no later information would be protected from the Board of Governors. Interested
than January 30, 2016. LEIs issued after disclosure under the standards set forth persons may express their views in
December 31, 2015, should be reported in National Parks & Conservation writing on the standards enumerated in
with 30 days of the event on the Association v. Morton, 498 F.2d 765 the BHC Act (12 U.S.C. 1842(c)). If the
appropriate FR Y–10 schedules. (D.C. Cir. 1974). Exemption 6 of FOIA proposal also involves the acquisition of
One commenter provided additional might also apply with regard to the a nonbanking company, the review also
comments outside the scope of the respondents’ submission of non-public includes whether the acquisition of the
current proposal. The Federal Reserve personal information of owners, nonbanking company complies with the
will investigate each comment and give shareholders, directors, officers and standards in section 4 of the BHC Act
consideration to these comments when employees of respondents. Exemption 6 (12 U.S.C. 1843). Unless otherwise
the Federal Reserve next revises the covers ‘‘personnel and medical files and noted, nonbanking activities will be
reports. similar files the disclosure of which conducted throughout the United States.
Final approval under OMB delegated would constitute a clearly unwarranted Unless otherwise noted, comments
authority of the extension for three regarding each of these applications
invasion of personal privacy,’’ (5 U.S.C.
years, without revision, of the following must be received at the Reserve Bank
552(b)(6)). All requests for confidential
report: indicated or the offices of the Board of
treatment would need to be reviewed on
Report title: Supplement to the Report Governors not later than July 30, 2015.
a case-by-case basis and in response to
of Changes in Organizational Structure. A. Federal Reserve Bank of
a specific request for disclosure. Philadelphia (William Lang, Senior Vice
Agency form number: FR Y–10E.
OMB Control number: 7100–0297. Abstract: The FR Y–10E is a free-form President) 100 North 6th Street,
Frequency: Event-generated. supplement that may be used to collect Philadelphia, Pennsylvania 19105–
Reporters: Bank holding companies additional structural information 1521:
(BHCs) and savings and loan holding deemed to be critical and needed in an 1. Esquire Financial Holdings, Inc.,
companies (SLHCs) (collectively, expedited manner. Garden City, New York; to become a
holding companies (HCs)), securities bank holding company in connection
Current Actions: On March 20, 2015,
holding companies, foreign banking with the conversion of its wholly owned
organizations (FBOs), state member the Federal Reserve published a notice
in the Federal Register (80 FR 15009) subsidiary, Esquire Bank, Garden City,
asabaliauskas on DSK5VPTVN1PROD with NOTICES

banks unaffiliated with a BHC, Edge Act New York, from a stock federal savings
and agreement corporations, and requesting public comment for 60 days
on the extension, without revision, of bank to a national bank.
nationally chartered banks that are not
the FR Y–10E. The comment period for Board of Governors of the Federal Reserve
controlled by a BHC (with regard to System, June 29, 2015.
their foreign investments only). this notice expired on May 19, 2015.
Estimated annual reporting hours: The Federal Reserve did not receive any Michael J. Lewandowski,
2,649 hours. comments. The information collection Associate Secretary of the Board.
Estimated average hours per response: will be extended for three years, without [FR Doc. 2015–16315 Filed 7–1–15; 8:45 am]
0.5 hours. revision, as proposed. BILLING CODE 6210–01–P

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Document Created: 2015-12-15 13:15:17
Document Modified: 2015-12-15 13:15:17

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 38204