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 Range		39046-39047
FR Document		2016-14066

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.

VerDate Sep<11>2014 15:15 Jun 14, 2016 Jkt 238001 PO 00000 Frm 00026 Fmt 4703 Sfmt 4703 E:\FR\FM\15JNN1.SGM 15JNN1

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:

VerDate Sep<11>2014 15:15 Jun 14, 2016 Jkt 238001 PO 00000 Frm 00027 Fmt 4703 Sfmt 4703 E:\FR\FM\15JNN1.SGM 15JNN1

Document Created: 2016-06-15 02:21:13
Document Modified: 2016-06-15 02:21:13

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 39046