80 FR 39436 - Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company

FEDERAL RESERVE SYSTEM

Federal Register Volume 80, Issue 131 (July 9, 2015)

Page Range		39436-39437
FR Document		2015-16793

Federal Register, Volume 80 Issue 131 (Thursday, July 9, 2015)

[Federal Register Volume 80, Number 131 (Thursday, July 9, 2015)]
[Notices]
[Pages 39436-39437]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-16793]


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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 July 24, 2015.
    A. Federal Reserve Bank of Minneapolis (Jacquelyn K. Brunmeier, 
Assistant Vice President) 90 Hennepin Avenue, Minneapolis, Minnesota 
55480-0291:
    1. Larry W. Nelson, Lake Mary, Florida, as Personal Representative 
of the Jeno F. Paulucci Estate, Sanford, Florida; to retain voting 
shares of Republic Bancshares, Inc., and thereby indirectly retain 
voting shares of Republic Bank, Inc., both in Duluth, Minnesota.


[[Page 39437]]


    Board of Governors of the Federal Reserve System, July 6, 2015.
Michael J. Lewandowski,
Associate Secretary of the Board.
[FR Doc. 2015-16793 Filed 7-8-15; 8:45 am]
 BILLING CODE 6210-01-P

39436 Federal Register / Vol. 80, No. 131 / Thursday, July 9, 2015 / Notices

significantly during the year (e.g., due to Instructional Clarifications Philadelphia, Pennsylvania 19105–
a fundamental change in business The Federal Reserve proposes to 1521:
strategy), this move would not be fully incorporate instructional clarifications 1. Cape Bancorp, Inc., Cape May
assessed until the next year-end. More in response to feedback and questions Court House, New Jersey; to become a
frequent reporting would allow the received from banking organizations bank holding company in connection
Federal Reserve to better monitor the over the last two reporting periods. The with the reorganization of Cape Bank,
systemic footprint of individual firms as Federal Reserve also proposes to Cape May Court House, New Jersey,
well as the collective systemic footprint integrate relevant definitional converting from a state chartered mutual
of the largest banking organizations. adjustments and clarifications that have savings bank into a state chartered stock
The increased frequency would been incorporated into the instructions savings bank.
simultaneously provide the market with for the international G–SIB B. Federal Reserve Bank of Kansas
additional data on the overall systemic assessment.15 City (Dennis Denney, Assistant Vice
footprint of an institution, allowing President) 1 Memorial Drive, Kansas
Board of Governors of the Federal Reserve
market participants to better project the System, July 6, 2015. City, Missouri 64198–0001:
potential future capital requirements for 1. Olney Bancshares of Texas, Inc.,
Robert deV. Frierson,
U.S. G–SIBs. The current international Olney, Texas; to acquire 100 percent of
G–SIB standard involves a relative Secretary of the Board.
the voting shares of Throckmorton
methodology, where the values of all of [FR Doc. 2015–16794 Filed 7–8–15; 8:45 am]
Bancshares, Inc., and thereby indirectly
the firms are needed in order to BILLING CODE 6210–01–P
acquire voting shares of The First
calculate the scores. Thus, firms only National Bank of Throckmorton, both in
have complete information about their Throckmorton, Texas.
surcharge once a year. This makes it FEDERAL RESERVE SYSTEM
Board of Governors of the Federal Reserve
difficult for firms to see the benefits of Formations of, Acquisitions by, and System, July 6, 2015.
incremental improvements in their Mergers of Bank Holding Companies Michael J. Lewandowski,
overall footprint throughout the year. By
The companies listed in this notice Associate Secretary of the Board.
collecting the required data more
frequently, firms would have additional have applied to the Board for approval, [FR Doc. 2015–16792 Filed 7–8–15; 8:45 am]
information about their own systemic pursuant to the Bank Holding Company BILLING CODE 6210–01–P

footprint vis-à-vis other respondents, Act of 1956 (12 U.S.C. 1841 et seq.)
and would be better positioned to (BHC Act), Regulation Y (12 CFR part
predict individual assessment scores 225), and all other applicable statutes FEDERAL RESERVE SYSTEM
under the BCBS methodology.14 and regulations to become a bank
Change in Bank Control Notices;
One consequence of moving to holding company and/or to acquire the
Acquisitions of Shares of a Bank or
quarterly reporting is that the annual assets or the ownership of, control of, or
Bank Holding Company
flow variables (i.e., payments and the power to vote shares of a bank or
underwriting activity) would need to be bank holding company and all of the The notificants listed below have
reported over the previous four quarters. banks and nonbanking companies applied under the Change in Bank
Furthermore, the values captured in owned by the bank holding company, Control Act (12 U.S.C. 1817(j)) and
Schedule A (Total exposures) would including the companies listed below. § 225.41 of the Board’s Regulation Y (12
represent quarterly averages. The applications listed below, as well CFR 225.41) to acquire shares of a bank
as other related filings required by the or bank holding company. The factors
Glossary of Terms Board, are available for immediate that are considered in acting on the
Many items are unique to the FR inspection at the Federal Reserve Bank notices are set forth in paragraph 7 of
Y–15 (e.g., payments and assets under indicated. The applications will also be the Act (12 U.S.C. 1817(j)(7)).
custody). As such, there are certain available for inspection at the offices of The notices are available for
terms that may have a different meaning the Board of Governors. Interested immediate inspection at the Federal
in the context of the FR Y–15 or persons may express their views in Reserve Bank indicated. The notices
otherwise may not be found in other writing on the standards enumerated in also will be available for inspection at
regulatory reports. To help ensure the BHC Act (12 U.S.C. 1842(c)). If the the offices of the Board of Governors.
uniform interpretation of the proposal also involves the acquisition of Interested persons may express their
instructions, the Federal Reserve a nonbanking company, the review also views in writing to the Reserve Bank
proposes to introduce a new glossary of includes whether the acquisition of the indicated for that notice or to the offices
terms that would contain definitions nonbanking company complies with the of the Board of Governors. Comments
relevant to the completion of the FR standards in section 4 of the BHC Act must be received not later than July 24,
Y–15 report. (12 U.S.C. 1843). Unless otherwise 2015.
noted, nonbanking activities will be A. Federal Reserve Bank of
Memoranda Items conducted throughout the United States. Minneapolis (Jacquelyn K. Brunmeier,
To improve the readability of the Unless otherwise noted, comments Assistant Vice President) 90 Hennepin
report, the Federal Reserve proposes regarding each of these applications Avenue, Minneapolis, Minnesota
relabeling certain items which are not must be received at the Reserve Bank 55480–0291:
included in the indicator calculations as indicated or the offices of the Board of
1. Larry W. Nelson, Lake Mary,
srobinson on DSK5SPTVN1PROD with NOTICES

memoranda items. This would allow Governors not later than August 3, 2015.
A. Federal Reserve Bank of Florida, as Personal Representative of
related metrics to be grouped together the Jeno F. Paulucci Estate, Sanford,
on the same schedule. Philadelphia (William Lang, Senior Vice
President) 100 North 6th Street, Florida; to retain voting shares of
14 See Global systemically important banks:
Republic Bancshares, Inc., and thereby
Updated assessment methodology and the higher 15 See Instructions for the end-2014 G–SIB indirectly retain voting shares of
loss absorbency requirement, July 2013, available at assessment exercise, January 2015, available at Republic Bank, Inc., both in Duluth,
www.bis.org/publ/bcbs255.htm. www.bis.org/bcbs/gsib/instr_end14_gsib.pdf. Minnesota.

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Document Created: 2018-02-23 09:14:04
Document Modified: 2018-02-23 09:14:04

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 39436