81 FR 1949 - Formations of, Acquisitions by, and Mergers of Bank Holding Companies

FEDERAL RESERVE SYSTEM

Federal Register Volume 81, Issue 9 (January 14, 2016)

Page Range		1949-1949
FR Document		2016-00599

Federal Register, Volume 81 Issue 9 (Thursday, January 14, 2016)

[Federal Register Volume 81, Number 9 (Thursday, January 14, 2016)]
[Notices]
[Page 1949]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-00599]


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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 February 8, 2016.
    A. Federal Reserve Bank of Boston (Prabal Chakrabarti, Senior Vice 
President) 600 Atlantic Avenue, Boston, Massachusetts 02210-2204, or 
BOS.SRC.Applications.Comments@bos.frb.org:
    1. Spencer MHC, and Spencer Mid-Tier Holding Company, both in 
Spencer, Massachusetts; to merge with Green Valley Bancorp, MHC, and 
Green Valley Bancorp, Inc., and thereby indirectly acquire voting 
shares of Southbridge Savings Bank, all in Southbridge, Massachusetts.

    Board of Governors of the Federal Reserve System, January 11, 
2016.
Michael J. Lewandowski,
Associate Secretary of the Board.
[FR Doc. 2016-00599 Filed 1-13-16; 8:45 am]
 BILLING CODE 6210-01-P

Federal Register / Vol. 81, No. 9 / Thursday, January 14, 2016 / Notices 1949

The firm’s Method 1 score is the sum of under Method 1 are based on data the GSIB surcharge rule indicates that
its weighted systemic indicator scores. collected by the Basel Committee on the Board will publish the aggregate
The GSIB surcharge for the firm is then Banking Supervision (BCBS). The BCBS global indicator amounts each year in
the higher of the GSIB surcharge amounts are determined based on the U.S. dollars.3
determined under Method 1 and a sum of the systemic indicator scores of
The aggregate global indicator
second method that weights size, the 75 largest U.S. and foreign banking
amounts for purposes of the Method 1
interconnectedness, cross-jurisdictional organizations as measured by the BCBS,
and any other banking organization that score calculation under the GSIB
activity, complexity, and reliance on
wholesale funding (instead of the BCBS includes in its sample total for surcharge rule for 2015, which were
substitutability).2 that year. The BCBS publicly releases calculated as part of the end-2014 GSIB
The aggregate global indicator these values in euros each year. To assessment, are:
amounts used in the score calculation account for changes in currency values,

AGGREGATE GLOBAL INDICATOR AMOUNTS IN U.S. DOLLARS (USD) FOR 2015
Aggregate global
Category Systemic indicator indicator amount in USD
(end-2014 assessment)

Size ................................................... Total exposures .......................................................................................... 89,657,702,623,292
Interconnectedness ........................... Intra-financial system assets ...................................................................... 9,553,265,287,432
Intra-financial system liabilities .................................................................. 10,766,503,932,080
Securities outstanding ................................................................................ 14,829,559,920,658
Substitutability/financial institution in- Payments activity ....................................................................................... 2,588,833,244,898,340
frastructure. Assets under custody ................................................................................. 141,055,159,810,929
Underwritten transactions in debt and equity markets .............................. 6,457,421,866,621
Complexity ........................................ Notional amount of over-the-counter (OTC) derivatives ............................ 773,613,780,418,221
Trading and available-for-sale (AFS) securities ........................................ 3,983,442,843,602
Level 3 assets ............................................................................................ 799,000,645,785
Cross-jurisdictional activity ............... Cross-jurisdictional claims .......................................................................... 20,924,671,362,004
Cross-jurisdictional liabilities ...................................................................... 19,029,188,523,805

Authority: 12 U.S.C. 248(a), 321–338a, inspection at the Federal Reserve Bank Savings Bank, all in Southbridge,
481–486, 1462a, 1467a, 1818, 1828, 1831n, indicated. The applications will also be Massachusetts.
1831o, 1831p–l, 1831w, 1835, 1844(b), 1851, available for inspection at the offices of
3904, 3906–3909, 4808, 5365, 5368, 5371. Board of Governors of the Federal Reserve
the Board of Governors. Interested System, January 11, 2016.
By order of the Board of Governors of the persons may express their views in Michael J. Lewandowski,
Federal Reserve System, January 11, 2016. writing on the standards enumerated in Associate Secretary of the Board.
Robert deV. Frierson, the BHC Act (12 U.S.C. 1842(c)). If the
[FR Doc. 2016–00599 Filed 1–13–16; 8:45 am]
Secretary of the Board. proposal also involves the acquisition of
BILLING CODE 6210–01–P
[FR Doc. 2016–00589 Filed 1–13–16; 8:45 am] a nonbanking company, the review also
BILLING CODE 6210–01–P includes whether the acquisition of the
nonbanking company complies with the
standards in section 4 of the BHC Act DEPARTMENT OF HEALTH AND
FEDERAL RESERVE SYSTEM (12 U.S.C. 1843). Unless otherwise HUMAN SERVICES
noted, nonbanking activities will be
Formations of, Acquisitions by, and conducted throughout the United States. Centers for Disease Control and
Mergers of Bank Holding Companies Prevention
Unless otherwise noted, comments
The companies listed in this notice regarding each of these applications [30Day–16–15BM]
have applied to the Board for approval, must be received at the Reserve Bank
indicated or the offices of the Board of Agency Forms Undergoing Paperwork
pursuant to the Bank Holding Company Reduction Act Review
Act of 1956 (12 U.S.C. 1841 et seq.) Governors not later than February 8,
(BHC Act), Regulation Y (12 CFR part 2016. The Centers for Disease Control and
225), and all other applicable statutes A. Federal Reserve Bank of Boston Prevention (CDC) has submitted the
and regulations to become a bank (Prabal Chakrabarti, Senior Vice following information collection request
holding company and/or to acquire the President) 600 Atlantic Avenue, Boston, to the Office of Management and Budget
assets or the ownership of, control of, or Massachusetts 02210–2204, or (OMB) for review and approval in
the power to vote shares of a bank or BOS.SRC.Applications.Comments@ accordance with the Paperwork
bank holding company and all of the bos.frb.org: Reduction Act of 1995. The notice for
banks and nonbanking companies 1. Spencer MHC, and Spencer Mid- the proposed information collection is
owned by the bank holding company, Tier Holding Company, both in Spencer, published to obtain comments from the
mstockstill on DSK4VPTVN1PROD with NOTICES

including the companies listed below. Massachusetts; to merge with Green public and affected agencies.
The applications listed below, as well Valley Bancorp, MHC, and Green Valley Written comments and suggestions
as other related filings required by the Bancorp, Inc., and thereby indirectly from the public and affected agencies
Board, are available for immediate acquire voting shares of Southbridge concerning the proposed collection of
2 The second method (Method 2) uses similar use of short-term wholesale funding. In addition, 3 12 CFR 217.404(b)(1)(i)(B); 80 FR 49082, 49086–

inputs to those used in Method 1, but replaces the Method 2 is calibrated differently from Method 1. 87 (August 14, 2015).
substitutability category with a measure of a firm’s

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Document Created: 2016-01-14 02:50:46
Document Modified: 2016-01-14 02:50:46

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 1949