81 FR 24101 - Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company

FEDERAL RESERVE SYSTEM

Federal Register Volume 81, Issue 79 (April 25, 2016)

Page Range		24101-24101
FR Document		2016-09498

Federal Register, Volume 81 Issue 79 (Monday, April 25, 2016)

[Federal Register Volume 81, Number 79 (Monday, April 25, 2016)]
[Notices]
[Page 24101]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-09498]



[[Page 24101]]

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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 May 10, 2016.
    A. Federal Reserve Bank of New York (Ivan Hurwitz, Vice President) 
33 Liberty Street, New York, New York 10045-0001. Comments can also be 
sent electronically to [email protected]:
    1. Basswood Capital Management, LLC, New York, New York; funds for 
which Basswood Partners, LLC serves as General Partner and for which 
Basswood Capital Management, LLC serves as Investment Manager (Basswood 
Opportunity Partners, LP; Basswood Financial Fund, LP; Basswood 
Financial Long Only Fund, LP); a fund for which Basswood Enhanced Long 
Short GP, LLC serves as General Partner and for which Basswood Capital 
Management, LLC serves as Investment Manager (Basswood Enhanced Long 
Short Fund, LP); funds for which Basswood Capital Management, LLC 
serves as Investment Manager (Basswood Opportunity Fund, Inc.; Basswood 
Financial Fund, Inc.; BCM Select Equity I Master, Ltd.; Main Street 
Master, Ltd.); and Basswood Capital Management, LLC as investment 
adviser to two managed accounts; to collectively voting shares of 
Suffolk Bancorp, and thereby indirectly acquire voting shares of 
Suffolk County National Bank, both in Riverhead, New York.

    Board of Governors of the Federal Reserve System, April 20, 
2016.
Michael J. Lewandowski,
Associate Secretary of the Board.
[FR Doc. 2016-09498 Filed 4-22-16; 8:45 am]
 BILLING CODE 6210-01-P

Federal Register / Vol. 81, No. 79 / Monday, April 25, 2016 / Notices 24101

FEDERAL RESERVE SYSTEM FEDERAL RESERVE SYSTEM • Agency Web site: http://
www.federalreserve.gov. Follow the
Change in Bank Control Notices; Proposed Agency Information instructions for submitting comments at
Acquisitions of Shares of a Bank or Collection Activities; Comment http://www.federalreserve.gov/apps/
Bank Holding Company Request foia/proposedregs.aspx.
• Federal eRulemaking Portal: http://
AGENCY: Board of Governors of the
The notificants listed below have www.regulations.gov. Follow the
Federal Reserve System.
applied under the Change in Bank instructions for submitting comments.
SUMMARY: The Board of Governors of the • Email: regs.comments@
Control Act (12 U.S.C. 1817(j)) and
Federal Reserve System (Board or federalreserve.gov. Include OMB
§ 225.41 of the Board’s Regulation Y (12 Federal Reserve) invites comment on a
CFR 225.41) to acquire shares of a bank number in the subject line of the
proposal to extend for three years, with message.
or bank holding company. The factors revision the Annual Report of Holding • FAX: (202) 452–3819 or (202) 452–
that are considered in acting on the Companies (FR Y–6), the Annual Report 3102.
notices are set forth in paragraph 7 of of Foreign Banking Organizations (FR • Mail: Robert deV. Frierson,
the Act (12 U.S.C. 1817(j)(7)). Y–7), and the Report of Changes in Secretary, Board of Governors of the
The notices are available for Organizational Structure (FR Y–10). The Federal Reserve System, 20th Street and
immediate inspection at the Federal Federal Reserve proposes to revise the Constitution Avenue NW., Washington,
Reserve Bank indicated. The notices FR Y–6, FR Y–7, and FR Y–10 by DC 20551.
also will be available for inspection at modifying confidential treatment All public comments are available
the offices of the Board of Governors. questions on the reporting forms and from the Board’s Web site at: http://
Interested persons may express their instructions to align with the recently www.federalreserve.gov/apps/foia/
views in writing to the Reserve Bank approved confidentiality check-box proposedregs.aspx as submitted, unless
indicated for that notice or to the offices proposal.1 Additionally, the Federal modified for technical reasons.
of the Board of Governors. Comments Reserve proposes to revise the FR Y–7 Accordingly, your comments will not be
and FR Y–10 to incorporate U.S. IHCs edited to remove any identifying or
must be received not later than May 10,
formed under the final rule for contact information. Public comments
2016.
enhanced prudential standards for FBOs may also be viewed electronically or in
A. Federal Reserve Bank of New York (Regulation YY).2 The Federal Reserve paper form in Room 3515, 1801 K Street
(Ivan Hurwitz, Vice President) 33 also proposes to revise the FR Y–6 and (between 18th and 19th Streets NW.)
Liberty Street, New York, New York FR Y–10 to make certain clarifying Washington, DC 20006 between 9:00
10045–0001. Comments can also be sent changes to the instructions. The Federal a.m. and 5:00 p.m. on weekdays.
electronically to Reserve is also proposing to extend for Additionally, commenters may send a
Comments.applications@ny.frb.org: three years, without revision, the FR Y– copy of their comments to the OMB
1. Basswood Capital Management, 10E. The proposed changes to the FR Y– Desk Officer—Shagufta Ahmed—Office
LLC, New York, New York; funds for 10 reporting form and instructions of Information and Regulatory Affairs,
which Basswood Partners, LLC serves as would be effective August 15, 2016. The Office of Management and Budget, New
proposed changes to the FR Y–6 and FR Executive Office Building, Room 10235
General Partner and for which
Y–7 reporting forms and instructions 725 17th Street NW., Washington, DC
Basswood Capital Management, LLC
would be effective with fiscal year-ends 20503 or by fax to (202) 395–6974.
serves as Investment Manager beginning December 31, 2016. FOR FURTHER INFORMATION CONTACT: A
(Basswood Opportunity Partners, LP; On June 15, 1984, the Office of
Basswood Financial Fund, LP; copy of the PRA OMB submission,
Management and Budget (OMB) including the proposed reporting form
Basswood Financial Long Only Fund, delegated to the Board authority under and instructions, supporting statement,
LP); a fund for which Basswood the Paperwork Reduction Act (PRA) to and other documentation will be placed
Enhanced Long Short GP, LLC serves as approve of and assign OMB control into OMB’s public docket files, once
General Partner and for which numbers to collection of information approved. These documents will also be
Basswood Capital Management, LLC requests and requirements conducted or made available on the Federal Reserve
serves as Investment Manager sponsored by the Board. In exercising Board’s public Web site at: http://
(Basswood Enhanced Long Short Fund, this delegated authority, the Board is www.federalreserve.gov/apps/
LP); funds for which Basswood Capital directed to take every reasonable step to reportforms/review.aspx or may be
Management, LLC serves as Investment solicit comment. In determining requested from the agency clearance
Manager (Basswood Opportunity Fund, whether to approve a collection of officer, whose name appears below.
Inc.; Basswood Financial Fund, Inc.; information, the Board will consider all Federal Reserve Board Clearance
BCM Select Equity I Master, Ltd.; Main comments received from the public and Officer—Nuha Elmaghrabi—Office of
Street Master, Ltd.); and Basswood other agencies. the Chief Data Officer, Board of
Capital Management, LLC as investment DATES: Comments must be submitted on Governors of the Federal Reserve
adviser to two managed accounts; to or before June 24, 2016. System, Washington, DC 20551 (202)
collectively voting shares of Suffolk ADDRESSES: You may submit comments, 452–3829. Telecommunications Device
Bancorp, and thereby indirectly acquire identified by FR Y–6, FR Y–7, FR Y–10, for the Deaf (TDD) users may contact
voting shares of Suffolk County National (202) 263–4869, Board of Governors of
asabaliauskas on DSK3SPTVN1PROD with NOTICES

or FR Y–10E, by any of the following
Bank, both in Riverhead, New York. methods: the Federal Reserve System,
Board of Governors of the Federal Reserve Washington, DC 20551.
System, April 20, 2016.
1 See 80 FR 52282 (August 28, 2015). SUPPLEMENTARY INFORMATION:
2 The draft FR Y–6 reporting form and
Michael J. Lewandowski, instructions associated with this proposal also Request for Comment on Information
Associate Secretary of the Board. include the language to collect information for U.S. Collection Proposal
IHCs of FBOs as proposed in the IHC proposal
[FR Doc. 2016–09498 Filed 4–22–16; 8:45 am] The Board invites public comment on
currently out for public comment. See 81 FR 6265
BILLING CODE 6210–01–P (February 5, 2016). the following information collection,

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Document Created: 2016-04-23 01:39:16
Document Modified: 2016-04-23 01:39:16

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 24101