81 FR 52690 - Formations of, Acquisitions by, and Mergers of Bank Holding Companies

FEDERAL RESERVE SYSTEM

Federal Register Volume 81, Issue 153 (August 9, 2016)

Page Range		52690-52691
FR Document		2016-18783

Federal Register, Volume 81 Issue 153 (Tuesday, August 9, 2016)

[Federal Register Volume 81, Number 153 (Tuesday, August 9, 2016)]
[Notices]
[Pages 52690-52691]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-18783]


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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

[[Page 52691]]

indicated or the offices of the Board of Governors not later than 
August 31, 2016.
    A. Federal Reserve Bank of Philadelphia (William Spaniel, Senior 
Vice President) 100 North 6th Street, Philadelphia, Pennsylvania 19105-
1521. Comments can also be sent electronically to 
Comments.applications@phil.frb.org:
    1. Hamilton Bancorp, Inc., Ephrata, Pennsylvania, to become a bank 
holding company by acquiring Stonebridge Bank, West Chester, 
Pennsylvania.

    Board of Governors of the Federal Reserve System, August 3, 
2016.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2016-18783 Filed 8-8-16; 8:45 am]
 BILLING CODE 6210-01-P

52690 Federal Register / Vol. 81, No. 153 / Tuesday, August 9, 2016 / Notices

General description of report: The exempt issuers obtained on the FR components for line items 3b.1 In-house
Wall Street Reform and Consumer 3064b. The Board has determined to costs and 3b.2 Third-party processing
Protection Act of 2010 (Dodd-Frank Act) release this information both because it fees, respectively.
requires the Board to disclose, at least can already be determined IV. Information for General-Use
every two years, such aggregate or mathematically based on the Prepaid Card Transactions: The Board
summary information concerning the information the Board currently releases proposes to delete questions 3e and 3f,
costs incurred for, and interchange on average interchange fees and because which break out the fixed and variable
transaction fees received by, issuers the Board believes the release of such cost components for line items 3b.1 In-
with respect to debit card transactions, information may be useful to issuers house costs and 3b.2 Third-party
as the Board considers appropriate or in and merchants in choosing payment processing fees, respectively.
the public interest. The data from these card networks in which to participate Definitions for variable and fixed
surveys are used in fulfilling that and to policymakers in assessing the costs would remain in the instructions.7
disclosure requirement. In addition, the effect of Regulation II on the level of The break out of variable and fixed costs
Board uses data from the payment card interchange fees received by issuers was originally included so as to enable
network survey (FR 3064b) to publicly over time. the Board to respond to possible
report on an annual basis the extent to However, the remaining individual outcomes of pending litigation regarding
which networks have established issuer and payment card information Regulation II. This litigation has been
separate interchange fees for exempt collected on these surveys can be kept resolved.
and covered issuers. Finally, the Board confidential under exemption (b)(4) of The Board also proposes to make
uses the data from these surveys in the Freedom of Information Act (FOIA) several clarifications throughout both
determining whether to propose because staff has advised that, if surveys.
revisions to the interchange fee released, this information would cause Board of Governors of the Federal Reserve
standards in Regulation II (12 CFR part substantial harm to the competitive System, August 4, 2016.
235). The Dodd-Frank Act provides the position of the survey respondents.5 Robert deV. Frierson,
Board with authority to require debit Current Actions: The Board proposes Secretary of the Board.
card issuers and payment card networks to revise the debit card issuer survey [FR Doc. 2016–18852 Filed 8–8–16; 8:45 am]
to submit information in order to carry (FR 3064a) by deleting questions in BILLING CODE 6210–01–P
out provisions of the Dodd-Frank Act which respondents are asked to allocate
regarding interchange fee standards. their costs between fixed costs and
Legal authorization and variable costs. In addition, the Board FEDERAL RESERVE SYSTEM
confidentiality: The FR 3064a and 3064b proposes to alter the timing of the
surveys are authorized by subsection survey such that, for each data Formations of, Acquisitions by, and
920(a) of the Electronic Fund Transfer collection, the survey be made available Mergers of Bank Holding Companies
Act, which was amended by section to respondents in mid-January with a
filing deadline in mid-April.6 This The companies listed in this notice
1075(a) of the Dodd-Frank Act.1 This have applied to the Board for approval,
statutory provision requires the Board, allows respondents a full 90 days to
respond to the surveys. pursuant to the Bank Holding Company
at least once every two years,2 to Act of 1956 (12 U.S.C. 1841 et seq.)
disclose aggregate or summary Proposed Revisions to FR 3064a (BHC Act), Regulation Y (12 CFR part
information concerning the costs 225), and all other applicable statutes
I. Information for all Debit Card
incurred and interchange transaction and regulations to become a bank
Transactions (including general-use
fees charged or received by issuers or holding company and/or to acquire the
prepaid card transactions): The Board
payment card networks in connection assets or the ownership of, control of, or
proposes to delete questions 3e and 3f,
with the authorization, clearance or the power to vote shares of a bank or
which break out the fixed and variable
settlement of electronic debit bank holding company and all of the
cost components for line items 3b.1 In-
transaction, as the Board considers banks and nonbanking companies
house costs and 3b.2 Third-party
appropriate and in the public interest.3 owned by the bank holding company,
processing fees, respectively.
It also provides the Board with authority II. Information for Single-Message including the companies listed below.
to require issuers and payment card (PIN) Debit Card Transactions The applications listed below, as well
networks to provide information to (excluding general-use prepaid card as other related filings required by the
enable the Board to carry out the transactions): The Board proposes to Board, are available for immediate
provisions of the subsection.4 The delete questions 3e and 3f, which break inspection at the Federal Reserve Bank
obligation to respond to these surveys is out the fixed and variable cost indicated. The applications will also be
mandatory. components for line items 3b.1 In-house available for inspection at the offices of
In accordance with the statutory costs and 3b.2 Third-party processing the Board of Governors. Interested
requirement, the Board will release fees, respectively. persons may express their views in
aggregate or summary information from III. Information for Dual-Message writing on the standards enumerated in
the survey responses. In addition, the (Signature) Debit Card Transactions the BHC Act (12 U.S.C. 1842(c)). If the
Board will release, at the network level, (excluding general-use prepaid card proposal also involves the acquisition of
the percentage of total number of transactions): The Board proposes to a nonbanking company, the review also
transactions, the percentage of total includes whether the acquisition of the
asabaliauskas on DSK3SPTVN1PROD with NOTICES

delete questions 3e and 3f, which break
value of transactions, and the average out the fixed and variable cost nonbanking company complies with the
transaction value for exempt and not- standards in section 4 of the BHC Act
1 15
5 5 U.S.C. 552(b)(4) (exempting from disclosure (12 U.S.C. 1843). Unless otherwise
U.S.C. 1693o–2. ‘‘trade secrets and commercial or financial
2 The
noted, nonbanking activities will be
subsection refers to biannual disclosures information obtained from a person and privileged
and the Board interprets this to mean once every or confidential’’).
conducted throughout the United States.
two years. See 76 FR 43458 (July 20, 2011). 6 The Board will provide respondents with secure Unless otherwise noted, comments
3 15 U.S.C. 1693o–2(a)(3)(B).
online access to respond to the debit card issuer regarding each of these applications
4 Id. and payment card network surveys. must be received at the Reserve Bank

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Federal Register / Vol. 81, No. 153 / Tuesday, August 9, 2016 / Notices 52691

indicated or the offices of the Board of Management LLC, Inverness, Illinois as Desk Officer for GSA, Room 10236,
Governors not later than August 31, its general partner (‘‘GP’’); and the NEOB, Washington, DC 20503.
2016. principal of GP, James G. Fitzgerald, Additionally submit a copy to GSA by
A. Federal Reserve Bank of acting in concert; to retain and acquire any of the following methods:
Philadelphia (William Spaniel, Senior additional shares of LaSalle Bancorp, • Regulations.gov: http://
Vice President) 100 North 6th Street, Inc. and thereby indirectly acquire www.regulations.gov. Submit comments
Philadelphia, Pennsylvania 19105– shares of Hometown National Bank, via the Federal eRulemaking portal by
1521. Comments can also be sent both of LaSalle, Illinois. searching the OMB control number.
electronically to B. Federal Reserve Bank of Kansas Select the link ‘‘Submit a Comment’’
Comments.applications@phil.frb.org: City (Dennis Denney, Assistant Vice that corresponds with ‘‘Information
1. Hamilton Bancorp, Inc., Ephrata, President) 1 Memorial Drive, Kansas Collection 9000–0032, Contractor Use of
Pennsylvania, to become a bank holding City, Missouri 64198–0001: Interagency Fleet Management System
company by acquiring Stonebridge 1. Larry Mulcahy, Olathe, Kansas, to Vehicles’’. Follow the instructions
Bank, West Chester, Pennsylvania. acquire voting shares of Roxbury provided at the ‘‘Submit a Comment’’
Board of Governors of the Federal Reserve Bancshares, Inc., and thereby acquire screen. Please include your name,
System, August 3, 2016. shares of Roxbury Bank, both of company name (if any), and
Michele Taylor Fennell, Roxbury, Kansas. ‘‘Information Collection 9000–0032,
Assistant Secretary of the Board. Board of Governors of the Federal Reserve Contractor Use of Interagency Fleet
[FR Doc. 2016–18783 Filed 8–8–16; 8:45 am] System, August 4, 2016. Management System Vehicles’’ on your
BILLING CODE 6210–01–P Michele T. Fennell, attached document.
Assistant Secretary of the Board. • Mail: General Services
[FR Doc. 2016–18857 Filed 8–8–16; 8:45 am]
Administration, Regulatory Secretariat
FEDERAL RESERVE SYSTEM Division (MVCB), 1800 F Street NW.,
BILLING CODE 6210–01–P
Washington, DC 20405. ATTN: Ms.
Change in Bank Control Notices; Flowers/IC 9000–0032, Contractor Use
Acquisitions of Shares of a Bank or of Interagency Fleet Management
Bank Holding Company DEPARTMENT OF DEFENSE System Vehicles.
GENERAL SERVICES Instructions: Please submit comments
The notificants listed below have
ADMINISTRATION only and cite Information Collection
applied under the Change in Bank
9000–0032, Contractor Use of
Control Act (12 U.S.C. 1817(j)) and
NATIONAL AERONAUTICS AND Interagency Fleet Management System
§ 225.41 of the Board’s Regulation Y (12
SPACE ADMINISTRATION Vehicles, in all correspondence related
CFR 225.41) to acquire shares of a bank
to this collection. Comments received
or bank holding company. The factors [OMB Control No. 9000–0032; Docket 2016– generally will be posted without change
that are considered in acting on the 0053; Sequence 30] to http://www.regulations.gov, including
notices are set forth in paragraph 7 of
any personal and/or business
the Act (12 U.S.C. 1817(j)(7)). Submission for OMB Review;
The notices are available for confidential information provided. To
Contractor Use of Interagency Fleet confirm receipt of your comment(s),
immediate inspection at the Federal Management System Vehicles
Reserve Bank indicated. The notices please check www.regulations.gov,
also will be available for inspection at AGENCY: Department of Defense (DOD), approximately two to three days after
the offices of the Board of Governors. General Services Administration (GSA), submission to verify posting (except
Interested persons may express their and National Aeronautics and Space allow 30 days for posting of comments
views in writing to the Reserve Bank Administration (NASA). submitted by mail).
indicated for that notice or to the offices ACTION: Notice of request for public FOR FURTHER INFORMATION CONTACT: Ms.
of the Board of Governors. Comments comments regarding an extension to an Mahruba Uddowla, Procurement
must be received not later than August existing OMB clearance. Analyst, Office of Governmentwide
24, 2016. Acquisition Policy, GSA, 703–605–2868
A. Federal Reserve Bank of Chicago SUMMARY: Under the provisions of the or email at mahruba.uddowla@gsa.gov.
(Colette A. Fried, Assistant Vice Paperwork Reduction Act, the SUPPLEMENTARY INFORMATION:
President) 230 South LaSalle Street, Regulatory Secretariat Division will be
submitting to the Office of Management A. Purpose
Chicago, Illinois 60690–1414:
1. Gerald F. Fitzgerald, Jr., Palatine, and Budget (OMB) a request to review If it is in the best interest of the
Illinois; the Gerald F. Fitzgerald, Jr. and approve an extension of a Government, the contracting officer may
Trust Dated September 10, 1987, as previously approved information authorize cost-reimbursement
Restated December 31, 2009, Palatine, collection requirement concerning contractors to obtain, for official
Illinois with Gerald F. Fitzgerald, Jr., as contractor use of interagency fleet purposes only, interagency fleet
trustee; S.C. Investments, L.P., Palatine, management system vehicles. A notice management system (IFMS) vehicles
Illinois, with Gerald F. Fitzgerald as was published in the Federal Register at and related services. Federal
general partner; the Julie F. Schauer 81 FR 28871 on May 10, 2016. No Acquisition Regulation (FAR) 51.205
1994 Trust, Palatine, Illinois, with Julie comments were received. and the clause at FAR 52.251–2,
asabaliauskas on DSK3SPTVN1PROD with NOTICES

F. Schauer as trustee; the GFF Family DATES: Submit comments on or before Interagency Fleet Management System
Exempt Trust Dated January 18, 1988, September 8, 2016. (IFMS) Vehicles and Related Services,
Inverness, Illinois, with Gerald F. ADDRESSES: Submit comments regarding are to be used in solicitations and
Fitzgerald, Jr., James G. Fitzgerald, this burden estimate or any other aspect contracts when a cost reimbursement
Thomas G. Fitzgerald and Peter G. of this collection of information, contract is contemplated and the
Fitzgerald, Palatine, Illinois, as co- including suggestions for reducing this contracting officer may authorize the
trustees; and Otis Road Investments, LP, burden to: Office of Information and contractor to use IFMS vehicles and
Inverness, Illinois, with Otis Regulatory Affairs of OMB, Attention: related services.

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Document Created: 2016-08-09 01:09:56
Document Modified: 2016-08-09 01:09:56

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 52690