81 FR 11273 - Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
FEDERAL RESERVE SYSTEM Federal Register Volume 81, Issue 42 (March 3, 2016)
Federal Register Volume 81, Issue 42 (March 3, 2016)
| Page Range | 11273-11273 | |
| FR Document | 2016-04666 |
[Federal Register Volume 81, Number 42 (Thursday, March 3, 2016)] [Notices] [Page 11273] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-04666] ----------------------------------------------------------------------- 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 March 18, 2016. A. Federal Reserve Bank of Kansas City (Dennis Denney, Assistant Vice President) 1 Memorial Drive, Kansas City, Missouri 64198-0001: 1. Andrew R. Clements and Aaron M. Clements, both of Elmwood, Nebraska; to become members of the Clements Family control group and to acquire voting shares of American Exchange Company, and thereby indirectly acquire voting shares of American Exchange Bank, both in Elmwood, Nebraska. Board of Governors of the Federal Reserve System, February 29, 2016. Michael J. Lewandowski, Associate Secretary of the Board. [FR Doc. 2016-04666 Filed 3-2-16; 8:45 am] BILLING CODE 6210-01-P
![Federal Register / Vol. 81, No. 42 / Thursday, March 3, 2016 / Notices 11273
survey) is designed to collect Mobile Wallet Garland, Texas; Charles S. Leis, Eagle,
information on such other A comment requested clarity with Idaho, Stephen T. Leis, Kihie, Hawaii,
authentication methods. respect to the definition of a remote and Edward B. Tomlinson, II, Rowlett,
Another comment addressed concerns mobile transaction. Across all surveys, a Texas, as trustees and in their
about the collection of information on remote payment is one in which the individual capacity; and Stanley B. Leis,
the ‘‘tokenization’’ of payments from payment transaction is performed Eagle, Idaho; to retain voting shares of
card networks. Such solutions can be remotely, regardless of where or how Texas Brand Bancshares, Inc., and
implemented in various ways by parties the good or service is obtained. In an therefore indirectly retain additional
to the transaction. It would be difficult example with a remote card voting shares of Texas Brand Bank, both
to comprehensively measure the variety preauthorization, but with a payment of Garland, Texas.
of tokenization schemes being used. The made in person, the survey definition is Board of Governors of the Federal Reserve
Federal Reserve believes it is important that the payment is an in-person System, February 26, 2016.
to collect information from survey payment.
respondents that is feasible, even when Michael J. Lewandowski,
A comment suggested breaking out
the universe of competing methods fraudulent mobile wallet transactions Associate Secretary of the Board.
cannot be measured in the survey. into person-present and remote [FR Doc. 2016–04622 Filed 3–2–16; 8:45 am]
Given that the surveys sometimes categories. This requested breakout was BILLING CODE 6210–01–P
collect partial information, it is added to the final proposed survey.
important to recognize any limitations A comment suggested tracking the
on new and emerging trends, especially number of fraudulently provisioned FEDERAL RESERVE SYSTEM
at the analysis and reporting stages. cards to mobile wallets. The Federal
A comment suggested collecting Reserve does not know how such a Change in Bank Control Notices;
‘‘counterfeit’’ fraud for remote question should fit into the present Acquisitions of Shares of a Bank or
payments. The survey collects survey framework at this time, but Bank Holding Company
counterfeit card fraud, which, according believes that information on the number
to card network definitions, means that of fraudulent mobile wallet transactions The notificants listed below have
a fake version of the card is created and may serve as a useful alternative applied under the Change in Bank
used at a merchant’s point-of-sale card measure. Control Act (12 U.S.C. 1817(j)) and
terminal, an in-person situation. Remote Board of Governors of the Federal Reserve
§ 225.41 of the Board’s Regulation Y (12
payment fraud is classified by the card System, February 29, 2016. CFR 225.41) to acquire shares of a bank
networks as an ‘‘unauthorized use of Robert deV. Frierson, or bank holding company. The factors
account number.’’ The Federal Reserve Secretary of the Board. that are considered in acting on the
believes this definition will capture the [FR Doc. 2016–04654 Filed 3–2–16; 8:45 am]
notices are set forth in paragraph 7 of
type of fraud requested in the comment. the Act (12 U.S.C. 1817(j)(7)).
BILLING CODE 6210–01–P
A comment requested some detail on The notices are available for
mobile wallet provisioning. As mobile immediate inspection at the Federal
wallet questions are new for this survey, FEDERAL RESERVE SYSTEM Reserve Bank indicated. The notices
the Federal Reserve will not expand also will be available for inspection at
mobile wallet questions until a baseline Change in Bank Control Notices; the offices of the Board of Governors.
can be established. Acquisitions of Shares of a Bank or Interested persons may express their
Bank Holding Company views in writing to the Reserve Bank
Private-Label Cards
The notificants listed below have indicated for that notice or to the offices
One comment requested the addition applied under the Change in Bank of the Board of Governors. Comments
of questions on the number of cards in Control Act (12 U.S.C. 1817(j)) and must be received not later than March
force with multi-factor authentication § 225.41 of the Board’s Regulation Y (12 18, 2016.
mechanisms. The revised survey CFR 225.41) to acquire shares of a bank A. Federal Reserve Bank of Kansas
includes a question on the use of chips or bank holding company. The factors City (Dennis Denney, Assistant Vice
for private-label cards for the first time. that are considered in acting on the
Additional questions may be considered President) 1 Memorial Drive, Kansas
notices are set forth in paragraph 7 of City, Missouri 64198–0001:
once a baseline is established. the Act (12 U.S.C. 1817(j)(7)).
The notices are available for 1. Andrew R. Clements and Aaron M.
EBT
immediate inspection at the Federal Clements, both of Elmwood, Nebraska;
A comment suggested collecting Reserve Bank indicated. The notices to become members of the Clements
additional detail on authentication also will be available for inspection at Family control group and to acquire
methods used for EBT payments. The the offices of the Board of Governors. voting shares of American Exchange
Federal Reserve believes that EBT Interested persons may express their Company, and thereby indirectly
payments are almost exclusively PIN views in writing to the Reserve Bank acquire voting shares of American
authenticated. Past survey efforts have indicated for that notice or to the offices Exchange Bank, both in Elmwood,
not been successful in obtaining much of the Board of Governors. Comments Nebraska.
mstockstill on DSK4VPTVN1PROD with NOTICES
detail underlying EBT payments, and must be received not later than March
Board of Governors of the Federal Reserve
the survey detail already requested may 17, 2016. System, February 29, 2016.
be difficult to obtain. No additional A. Federal Reserve Bank of Dallas
questions concerning authentication (Robert L. Triplett III, Senior Vice Michael J. Lewandowski,
methods will be added at this time. If President) 2200 North Pearl Street, Associate Secretary of the Board.
the situation improves, the Federal Dallas, Texas 75201–2272: [FR Doc. 2016–04666 Filed 3–2–16; 8:45 am]
Reserve will seek to collect additional 1. Leis Family Group comprised of BILLING CODE 6210–01–P
relevant detail in the future. The Revocable Trust of Dorvin D. Leis,
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Document Created: 2016-03-03 03:51:13
Document Modified: 2016-03-03 03:51:13
| 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 | 81 FR 11273 |
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