81 FR 13793 - Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company

FEDERAL RESERVE SYSTEM

Federal Register Volume 81, Issue 50 (March 15, 2016)

Page Range		13793-13794
FR Document		2016-05777

Federal Register, Volume 81 Issue 50 (Tuesday, March 15, 2016)

[Federal Register Volume 81, Number 50 (Tuesday, March 15, 2016)]
[Notices]
[Pages 13793-13794]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-05777]


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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 March 30, 2016.
    A. Federal Reserve Bank of Dallas (Robert L. Triplett III, Senior 
Vice President) 2200 North Pearl Street, Dallas, Texas 75201-2272:
    1. Elizabeth Ann McDonald, Austin, Texas, and Wade Compton 
McDonald, Plano, Texas, to join the Compton/McDonald Family Group, a 
group acting in concert, to retain voting shares of Menard Bancshares, 
Inc., and thereby indirectly retain voting shares of Menard Bank, both 
in Menard, Texas.


[[Page 13794]]


    Board of Governors of the Federal Reserve System, March 10, 
2016.
Michael J. Lewandowski,
Associate Secretary of the Board.
[FR Doc. 2016-05777 Filed 3-14-16; 8:45 am]
 BILLING CODE 6210-01-P

Federal Register / Vol. 81, No. 50 / Tuesday, March 15, 2016 / Notices 13793

all domestic financial institutions 1467a(b)(3), authorizes the Board to procedures for leveraged credits; (b)
including banks, thrifts and credit ‘‘maintain such books and records as have risk management policies,
unions. may be prescribed by the Board.’’ including stress testing procedures for
The agencies 2 have identified two • Regarding branches and agencies of pipeline exposures; and (c) have
sections of the Guidance that fall under foreign banking organizations, Section policies and procedures for
the definition of an information 7(c)(2) of the International Banking Act incorporating the results of leveraged
collection. Section 14 states that of 1978, 12 U.S.C. 3105(c)(2), subjects credit and pipeline stress tests into the
institutions should consider liquidity such entities to the requirements of firm’s overall stress testing framework.
costs, benefits, and risks in strategic section 11(a) of the Federal Reserve Act
planning and budgeting processes. (12 U.S.C. 248(a)) ‘‘to the same extent Although the guidance is applicable
Section 20 requires that liquidity risk and in the same manner as if the branch to all institutions that originate or
reports provide aggregate information or agency were a state member bank.’’ participate in leverage lending, due to
with sufficient supporting detail to • Under Section 25 of the Federal the large exposures created by these
enable management to assess the Reserve Act, 12 U.S.C. 602, member types of loans, these credits are most
sensitivity of the institution to changes banks are required to furnish to the likely originated primarily by larger
in market conditions, its own financial Board ‘‘information concerning the institutions.
performance, and other important risk condition of’’ Edge and Agreement
Current Actions: The Federal Reserve
factors. Corporations in which they invest. More
proposes to extend, without revision,
Current Actions: The Federal Reserve generally with respect to Edge and
Agreement Corporations, under Section the FR 4203 information collection.
proposes to extend, without revision,
the FR 4198 information collection. 25A of the Federal Reserve Act, 12 Board of Governors of the Federal Reserve
2. Report title: Recordkeeping U.S.C. 611a, the Federal Reserve may System, March 10, 2016.
Provisions Associated with Guidance on ‘‘issue rules and regulations’’ governing Robert deV. Frierson,
Leveraged Lending. such entities ‘‘consistent with and in Secretary of the Board.
Agency form number: FR 4203. furtherance of the purposes’’ of that [FR Doc. 2016–05808 Filed 3–14–16; 8:45 am]
OMB control number: 7100–0354. subchapter.
Because the information collection is BILLING CODE 6210–01–P
Frequency: On occasion.
Reporters: All institutions that called for in guidance and not in a
originate or participate in leverage statute or regulation, it is considered
lending. voluntary. FEDERAL RESERVE SYSTEM
Estimated annual burden hours: Because the information collected by
29,422 hours. the Proposed Guidance is maintained at Change in Bank Control Notices;
Estimated average hours per response: the institutions, issues of confidentiality Acquisitions of Shares of a Bank or
754.4 hours. would not normally arise. Should the Bank Holding Company
Number of respondents: 39. information be obtained by the Board in
General description of report: The the course of an examination, it would The notificants listed below have
Board’s Legal Division has determined be exempt from disclosure under applied under the Change in Bank
that all financial institutions supervised exemption 8 of Freedom of Information Control Act (12 U.S.C. 1817(j)) and
by the Board and substantively engaged Act (FOIA), 5 U.S.C. 552(b)(8). In § 225.41 of the Board’s Regulation Y (12
in leveraged lending activities are addition, some or all of the information CFR 225.41) to acquire shares of a bank
subject to the FR 4203: may be confidential commercial or or bank holding company. The factors
• Regarding state member banks, the financial information protected from that are considered in acting on the
information collection is authorized by disclosure under exemption 4 of FOIA, notices are set forth in paragraph 7 of
Section 11(a)(2) of the Federal Reserve under the standards set forth in the Act (12 U.S.C. 1817(j)(7)).
Act, 12 U.S.C. 248(a)(2), which National Parks & Conservation Ass’n v. The notices are available for
authorizes the Board to require any Morton, 498 F.2d 765 (D.C. Cir. 1974).
depository institution to make such immediate inspection at the Federal
Abstract: The interagency guidance
reports of its assets and liabilities as the Reserve Bank indicated. The notices
outlines high-level principles related to
Board may determine to be necessary or also will be available for inspection at
safe and sound leveraged lending
desirable to enable the Board to activities, including underwriting the offices of the Board of Governors.
discharge its responsibilities to monitor considerations, assessing and Interested persons may express their
and control monetary and credit documenting enterprise value, risk views in writing to the Reserve Bank
aggregates. management expectations for credits indicated for that notice or to the offices
• With respect to bank holding awaiting distribution, stress testing of the Board of Governors. Comments
companies, Section 5(c) of the Bank expectations and portfolio management, must be received not later than March
Holding Company Act, 12 U.S.C. and risk management expectations. This 30, 2016.
1844(c), authorizes the Board to require guidance applies to all financial A. Federal Reserve Bank of Dallas
a bank holding company and any institutions substantively engaged in (Robert L. Triplett III, Senior Vice
subsidiary ‘‘to keep the Board informed leveraged lending activities supervised President) 2200 North Pearl Street,
as to—(i) its financial condition, [and] by the Federal Reserve, FDIC, and OCC Dallas, Texas 75201–2272:
systems for monitoring and controlling (the Agencies).
asabaliauskas on DSK3SPTVN1PROD with NOTICES

financial and operating risks. . . .’’ The Agencies identified certain 1. Elizabeth Ann McDonald, Austin,
• With respect to savings and loan aspects of the proposed guidance that Texas, and Wade Compton McDonald,
holding companies, 12 U.S.C. may constitute a collection of Plano, Texas, to join the Compton/
information. In particular, these aspects McDonald Family Group, a group acting
2 As part of the Dodd-Frank Wall Street Reform
are the provisions that state a banking in concert, to retain voting shares of
and Consumer Protection Act, the OTS was Menard Bancshares, Inc., and thereby
abolished and its functions and powers were
organization should (a) have
transferred to the OCC, the FDIC, and the Federal underwriting policies for leveraged indirectly retain voting shares of
Reserve. lending, including stress testing Menard Bank, both in Menard, Texas.

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Document Created: 2016-03-15 04:06:41
Document Modified: 2016-03-15 04:06:41

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 13793