81_FR_39161 81 FR 39046 - Notice of Termination; 10243 Bank of Florida-Tampa Bay; Tampa, Florida

81 FR 39046 - Notice of Termination; 10243 Bank of Florida-Tampa Bay; Tampa, Florida

FEDERAL DEPOSIT INSURANCE CORPORATION

Federal Register Volume 81, Issue 115 (June 15, 2016)

Page Range39046-39047
FR Document2016-14066

Federal Register, Volume 81 Issue 115 (Wednesday, June 15, 2016)
[Federal Register Volume 81, Number 115 (Wednesday, June 15, 2016)]
[Notices]
[Pages 39046-39047]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-14066]


-----------------------------------------------------------------------

FEDERAL DEPOSIT INSURANCE CORPORATION


Notice of Termination; 10243 Bank of Florida--Tampa Bay; Tampa, 
Florida

    The Federal Deposit Insurance Corporation (FDIC), as Receiver for 
10243 Bank of Florida--Tampa Bay, Tampa, Florida (Receiver) has been 
authorized to take all actions necessary to terminate the receivership 
estate of Bank of Florida--Tampa Bay (Receivership Estate); the 
Receiver has made all dividend distributions required by law.
    The Receiver has further irrevocably authorized and appointed FDIC-
Corporate as its attorney-in-fact to execute and file any and all 
documents that may be required to be executed by the Receiver which 
FDIC-Corporate, in its sole discretion, deems necessary; including but 
not limited to releases, discharges, satisfactions, endorsements, 
assignments and deeds.

[[Page 39047]]

    Effective June 1, 2016, the Receivership Estate has been 
terminated, the Receiver discharged, and the Receivership Estate has 
ceased to exist as a legal entity.

    Dated: June 9, 2016.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2016-14066 Filed 6-14-16; 8:45 am]
 BILLING CODE 6714-01-P



                                             39046                             Federal Register / Vol. 81, No. 115 / Wednesday, June 15, 2016 / Notices

                                             performed by a certified or licensed                              at no cost to the borrower, if: The                                        The information collection
                                             appraiser who must conduct a physical                             higher-risk mortgage loan will finance                                  requirements are needed to protect
                                             property visit of the interior of the                             the acquisition of the consumer’s                                       consumers and promote the safety and
                                             property. At application, the applicant                           principal dwelling; the seller acquired                                 soundness of creditors making higher-
                                             must be provided with a statement                                 the home within 180 days of signing the                                 risk mortgage loans. This information is
                                             regarding the purpose of the appraisal;                           agreement to sell the property; and the                                 used by creditors to evaluate real estate
                                             a notice that that the creditor will                              consumer is purchasing the home for a                                   collateral in higher-risk mortgage loan
                                             provide the applicant a copy of any                               higher price than the seller paid.                                      transactions and by consumers entering
                                             written appraisal; and notice that that                                                                                                   these transactions.
                                             the applicant may choose to have a                                   The additional written appraisal
                                                                                                               generally must include the following                                       4. Title: Interagency Guidance on
                                             separate appraisal conducted at the                                                                                                       Leveraged Lending.
                                             expense of the applicant. The creditor                            information: (1) An analysis of the
                                                                                                               difference in sale prices (i.e., the sale                                  OMB Number: 3064–0191.
                                             must also provide the consumer with a
                                                                                                               price paid by the seller and the                                           Affected Public: Insured state
                                             free copy of any written appraisals
                                                                                                               acquisition price of the property as set                                nonmember banks and state savings
                                             obtained for the transaction at least
                                                                                                               forth in the consumer’s purchase                                        associations.
                                             three business days before closing.
                                                The rule also requires a higher-risk                           agreement); (2) changes in market                                          Estimated Number of Respondents:
                                             mortgage loan creditor to obtain an                               conditions; and (3) any improvements                                    10.
                                             additional written appraisal, from a                              made to the property between the date                                      Frequency of Response: Occasionally.
                                             different licensed or certified appraiser,                        of the previous sale and the current sale.                                 Burden Estimate:

                                                                                                                                                                                      Estimated                 Estimated                  Estimated
                                                                                                                                                            Number                      annual                average hours               total annual
                                                                                                                                                        of respondents                frequency                per response              burden hours

                                             Implementation Burden:
                                                 Recordkeeping burden .............................................................................                           1                         1                    986.7               986.7

                                                     Total Implementation Burden ............................................................           ........................   ........................   ........................           986.7
                                             Ongoing Burden:
                                                Recordkeeping burden .............................................................................                            9                         1                    529.3             4,763.7

                                                        Total Ongoing Burden .......................................................................    ........................   ........................   ........................         4,763.7

                                                              Total PRA Burden ......................................................................   ........................   ........................   ........................         5,750.4



                                                General Description: The Guidance                              awaiting distribution, stress testing                                   Federal Deposit Insurance Corporation.
                                             describes expectations for the sound                              expectations and portfolio management,                                  Robert E. Feldman,
                                             risk management of leveraged lending                              and risk management expectations, all                                   Executive Secretary.
                                             activities, including the importance for                          of which will be reviewed during                                        [FR Doc. 2016–14120 Filed 6–14–16; 8:45 am]
                                             institutions to develop and maintain: (a)                         supervisory examinations to assess how                                  BILLING CODE 6714–01–P
                                             Transactions structured to reflect a                              well the financial institution is
                                             sound business premise, an appropriate                            managing its risk. Banks will not be
                                             capital structure, and reasonable cash                            submitting documentation to the FDIC.                                   FEDERAL DEPOSIT INSURANCE
                                             flow and balance sheet leverage; (b) A                            Rather, FDIC examiners will review this                                 CORPORATION
                                             definition of leveraged lending that                              documentation during examinations to
                                             facilitates consistent application across                         assess a bank’s management of its risk.                                 Notice of Termination; 10243 Bank of
                                             all business lines; (c) Well-defined                                                                                                      Florida—Tampa Bay; Tampa, Florida
                                                                                                               Request for Comment
                                             underwriting standards; (d) a credit
                                             limit and concentration framework                                   Comments are invited on: (a) Whether                                     The Federal Deposit Insurance
                                             consistent with the institution’s risk                            the collection of information is                                        Corporation (FDIC), as Receiver for
                                             appetite; (e) Sound MIS that enable                               necessary for the proper performance of                                 10243 Bank of Florida—Tampa Bay,
                                             management to identify, aggregate, and                            the FDIC’s functions, including whether                                 Tampa, Florida (Receiver) has been
                                             monitor leveraged exposures and                                   the information has practical utility; (b)                              authorized to take all actions necessary
                                             comply with policy across all business                            the accuracy of the estimates of the                                    to terminate the receivership estate of
                                             lines; (f) strong pipeline management                             burden of the information collection,                                   Bank of Florida—Tampa Bay
                                             policies and procedures; and (g)                                  including the validity of the                                           (Receivership Estate); the Receiver has
                                             guidelines for conducting periodic                                methodology and assumptions used; (c)                                   made all dividend distributions
                                             portfolio and pipeline stress tests to                            ways to enhance the quality, utility, and                               required by law.
                                             quantify the potential impact of                                  clarity of the information to be                                           The Receiver has further irrevocably
                                             economic and market conditions on the                             collected; and (d) ways to minimize the                                 authorized and appointed FDIC-
                                             institution’s asset quality, earnings,                            burden of the information collection on                                 Corporate as its attorney-in-fact to
                                                                                                               respondents, including through the use
ehiers on DSK5VPTVN1PROD with NOTICES




                                             liquidity, and capital.                                                                                                                   execute and file any and all documents
                                                The guidance outlines high-level                               of automated collection techniques or                                   that may be required to be executed by
                                             principles related to safe and sound                              other forms of information technology.                                  the Receiver which FDIC-Corporate, in
                                             leveraged lending activities, including                           All comments will become a matter of                                    its sole discretion, deems necessary;
                                             underwriting considerations, assessing                            public record.                                                          including but not limited to releases,
                                             and documenting enterprise value, risk                              Dated at Washington, DC, this 10th day of                             discharges, satisfactions, endorsements,
                                             management expectations for credits                               June 2016.                                                              assignments and deeds.


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                                                                          Federal Register / Vol. 81, No. 115 / Wednesday, June 15, 2016 / Notices                                                  39047

                                               Effective June 1, 2016, the                           or by contacting the Office of                         President) 1000 Peachtree Street NE.,
                                             Receivership Estate has been                            Agreements at (202) 523–5793 or                        Atlanta, Georgia 30309. Comments can
                                             terminated, the Receiver discharged,                    tradeanalysis@fmc.gov.                                 also be sent electronically to
                                             and the Receivership Estate has ceased                     Agreement No.: 011117–055.                          Applications.Comments@atl.frb.org:
                                             to exist as a legal entity.                                Title: United States/Australasia                       1. James E. Mulkin, James E. Mulkin,
                                               Dated: June 9, 2016.                                  Discussion Agreement.                                  Jr., Joel W. Mulkin, Frances D. Mulkin,
                                                                                                        Parties: ANL Singapore Pte Ltd.;                    Jonathan P. Mulkin, and Joan H.
                                             Federal Deposit Insurance Corporation.
                                                                                                     CMA–CGM.; Hamburg-Süd; and                            Mulkin, all of Bessemer, Alabama; to
                                             Robert E. Feldman,                                                                                             acquire an additional 2.74 percent of the
                                                                                                     Mediterranean Shipping Company S.A.
                                             Executive Secretary.                                       Filing Party: Wayne R. Rohde, Esq.;                 outstanding shares of FirstFed Bancorp,
                                             [FR Doc. 2016–14066 Filed 6–14–16; 8:45 am]             Cozen O’Connor; 1627 I Street NW.,                     Inc., and thereby indirectly acquire
                                             BILLING CODE 6714–01–P                                  Suite 1100; Washington, DC 20006–                      shares of First Financial Bank, both in
                                                                                                     4007.                                                  Bessemer, Alabama.
                                                                                                        Synopsis: The amendment reflects the                  Board of Governors of the Federal Reserve
                                             FEDERAL DEPOSIT INSURANCE                               resignations of Compagnie Maritime                     System, June 9, 2016.
                                             CORPORATION                                             Marfret S.A. and Hapag-Lloyd A.G.,                     Margaret M. Shanks,
                                             Notice of Termination; 10241 Bank of                    effective June 6, 2016 and June 11, 2016,              Deputy Secretary of the Board.
                                             Florida—Southeast, Ft. Lauderdale,                      respectively.                                          [FR Doc. 2016–14089 Filed 6–14–16; 8:45 am]
                                             Florida                                                    Agreement No.: 012417.                              BILLING CODE 6210–01–P
                                                                                                        Title: CMA CGM/APL West Med-
                                                The Federal Deposit Insurance                        USEC Space Charter Agreement.
                                             Corporation (FDIC), as Receiver for                        Parties: CMA CGM S.A.; APL Co. Pte                  FEDERAL RESERVE SYSTEM
                                             10241 Bank of Florida—Southeast, Ft.                    Ltd; American President Lines, Ltd.
                                             Lauderdale, Florida (Receiver) has been                    Filing Party: Draughn B. Arbona, Esq;               Formations of, Acquisitions by, and
                                             authorized to take all actions necessary                CMA CGM (America) LLC; 5701 Lake                       Mergers of Bank Holding Companies
                                             to terminate the receivership estate of                 Wright Drive; Norfolk, VA 23502.                         The companies listed in this notice
                                             Bank of Florida—Southeast                                  Synopsis: The agreement authorizes                  have applied to the Board for approval,
                                             (Receivership Estate); the Receiver has                 CMA CGM to charter space to APL in                     pursuant to the Bank Holding Company
                                             made all dividend distributions                         the trade between the U.S. East Coast on               Act of 1956 (12 U.S.C. 1841 et seq.)
                                             required by law.                                        the one hand, and Italy, France, and                   (BHC Act), Regulation Y (12 CFR part
                                                The Receiver has further irrevocably                 Spain on the other hand.                               225), and all other applicable statutes
                                             authorized and appointed FDIC-                            By Order of the Federal Maritime                     and regulations to become a bank
                                             Corporate as its attorney-in-fact to                    Commission.                                            holding company and/or to acquire the
                                             execute and file any and all documents                    Dated: June 10, 2016.                                assets or the ownership of, control of, or
                                             that may be required to be executed by                  Rachel E. Dickon,                                      the power to vote shares of a bank or
                                             the Receiver which FDIC-Corporate, in
                                                                                                     Secretary.                                             bank holding company and all of the
                                             its sole discretion, deems necessary;
                                                                                                     [FR Doc. 2016–14153 Filed 6–14–16; 8:45 am]            banks and nonbanking companies
                                             including but not limited to releases,
                                                                                                     BILLING CODE 6731–AA–P                                 owned by the bank holding company,
                                             discharges, satisfactions, endorsements,
                                                                                                                                                            including the companies listed below.
                                             assignments and deeds.                                                                                           The applications listed below, as well
                                                Effective June 1, 2016, the                                                                                 as other related filings required by the
                                             Receivership Estate has been                            FEDERAL RESERVE SYSTEM
                                                                                                                                                            Board, are available for immediate
                                             terminated, the Receiver discharged,                                                                           inspection at the Federal Reserve Bank
                                             and the Receivership Estate has ceased                  Change in Bank Control Notices;
                                                                                                     Acquisitions of Shares of a Bank or                    indicated. The applications will also be
                                             to exist as a legal entity.                                                                                    available for inspection at the offices of
                                                                                                     Bank Holding Company
                                               Dated: June 9, 2016.                                                                                         the Board of Governors. Interested
                                             Federal Deposit Insurance Corporation.                    The notificants listed below have                    persons may express their views in
                                             Robert E. Feldman,                                      applied under the Change in Bank                       writing on the standards enumerated in
                                             Executive Secretary.                                    Control Act (12 U.S.C. 1817(j)) and                    the BHC Act (12 U.S.C. 1842(c)). If the
                                             [FR Doc. 2016–14065 Filed 6–14–16; 8:45 am]
                                                                                                     § 225.41 of the Board’s Regulation Y (12               proposal also involves the acquisition of
                                                                                                     CFR 225.41) to acquire shares of a bank                a nonbanking company, the review also
                                             BILLING CODE 6714–01–P
                                                                                                     or bank holding company. The factors                   includes whether the acquisition of the
                                                                                                     that are considered in acting on the                   nonbanking company complies with the
                                                                                                     notices are set forth in paragraph 7 of                standards in section 4 of the BHC Act
                                             FEDERAL MARITIME COMMISSION                             the Act (12 U.S.C. 1817(j)(7)).                        (12 U.S.C. 1843). Unless otherwise
                                             Notice of Agreements Filed                                The notices are available for                        noted, nonbanking activities will be
                                                                                                     immediate inspection at the Federal                    conducted throughout the United States.
                                               The Commission hereby gives notice                    Reserve Bank indicated. The notices                      Unless otherwise noted, comments
                                             of the filing of the following agreements               also will be available for inspection at               regarding each of these applications
                                             under the Shipping Act of 1984.                         the offices of the Board of Governors.                 must be received at the Reserve Bank
                                             Interested parties may submit comments                  Interested persons may express their                   indicated or the offices of the Board of
ehiers on DSK5VPTVN1PROD with NOTICES




                                             on the agreements to the Secretary,                     views in writing to the Reserve Bank                   Governors not later than July 8, 2016.
                                             Federal Maritime Commission,                            indicated for that notice or to the offices              A. Federal Reserve Bank of Atlanta
                                             Washington, DC 20573, within twelve                     of the Board of Governors. Comments                    (Chapelle Davis, Assistant Vice
                                             days of the date this notice appears in                 must be received not later than June 29,               President) 1000 Peachtree Street NE.,
                                             the Federal Register. Copies of the                     2016.                                                  Atlanta, Georgia 30309. Comments can
                                             agreements are available through the                      A. Federal Reserve Bank of Atlanta                   also be sent electronically to
                                             Commission’s Web site (www.fmc.gov)                     (Chapelle Davis, Assistant Vice                        Applications.Comments@atl.frb.org:


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Document Created: 2016-06-15 02:21:13
Document Modified: 2016-06-15 02:21:13
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
FR Citation81 FR 39046 

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