81 FR 54805 - Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company

FEDERAL RESERVE SYSTEM

Federal Register Volume 81, Issue 159 (August 17, 2016)

Page Range		54805-54805
FR Document		2016-19619

Federal Register, Volume 81 Issue 159 (Wednesday, August 17, 2016)

[Federal Register Volume 81, Number 159 (Wednesday, August 17, 2016)]
[Notices]
[Page 54805]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-19619]


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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 September 1, 2016.
    A. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant 
Vice President) 230 South LaSalle Street, Chicago, Illinois 60690-1414:
    1. John Ruan III, Des Moines, Iowa; Suku Radia, West Des Moines, 
Iowa; David J. Fisher, West Des Moines, Iowa, Thomas R. Schaefer, 
Stuart, Florida; and J. Landis Martin, Denver, Colorado; together as a 
control group acting in concert to retain the authority to vote for all 
of the voting shares of BTC Financial Corporation, Des Moines, Iowa, 
and thereby indirectly control Bankers Trust Company, Des Moines, Iowa. 
Messrs. Ruan, Radia, Fisher, Schaefer and Martin constitute the Family 
Business Advisory Board of both The Ruan Trust and The Ruan BTC Trust, 
both of Des Moines, Iowa, which own all of the voting shares of BTC 
Financial Corporation. John Ruan III is the trustee of both Trusts.

    Board of Governors of the Federal Reserve System, August 12, 
2016.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2016-19619 Filed 8-16-16; 8:45 am]
 BILLING CODE 6210-01-P

Federal Register / Vol. 81, No. 159 / Wednesday, August 17, 2016 / Notices 54805

by the Board that contain such Division determined that FR 1583 is FEDERAL RESERVE SYSTEM
information as the Board may deem authorized by section 10(f) of the Home
necessary or appropriate. The Board is Owners’ Loan Act (HOLA) and section Change in Bank Control Notices;
therefore authorized to collect 238.103 of Regulation LL (12 CFR Acquisitions of Shares of a Bank or
information on this form pursuant to 238.103). Section 10(f) of the Home Bank Holding Company
section 10(b) of HOLA. The obligation to Owners’ Loan Act, as amended (HOLA), The notificants listed below have
respond is mandatory, as described in 12 U.S.C. 1467a(f), provides that every applied under the Change in Bank
the previous paragraph. Information subsidiary savings association of an Control Act (12 U.S.C. 1817(j)) and
contained in the FR LL–10(b) is not SLHC shall give the Board at least 30 § 225.41 of the Board’s Regulation Y (12
considered confidential. If an SLHC days’ advance notice of the proposed CFR 225.41) to acquire shares of a bank
wishes to claim confidential treatment declaration by its directors of any stock or bank holding company. The factors
for any information submitted on or dividend. The obligation to respond is that are considered in acting on the
with the form, it would need to describe notices are set forth in paragraph 7 of
mandatory, as described in the previous
the circumstances and provide a the Act (12 U.S.C. 1817(j)(7)).
paragraph, and the Federal Reserve is
justification for the withholding of the The notices are available for
information consistent with the authorized to collection this information
by section 10(f) of HOLA. The FR 1583 immediate inspection at the Federal
Freedom of Information Act, 5 U.S.C. Reserve Bank indicated. The notices
552. collects information concerning the
also will be available for inspection at
Current Actions: On June 1, 2016, the amount of capital that an SLHC’s
the offices of the Board of Governors.
Federal Reserve published a notice in subsidiary savings association intends
Interested persons may express their
the Federal Register (81 FR 35015) to distribute. Specifically, the form asks views in writing to the Reserve Bank
requesting public comment for 60 days for the name and address of the savings indicated for that notice or to the offices
on the extension of the FR LL–10(b). association, the date of the filing, the of the Board of Governors. Comments
The comment period for this notice nature and amount of the proposed must be received not later than
expired on August 1, 2016. The Federal dividend declaration, and the names September 1, 2016.
Reserve did not receive any comments. and signatures of the executive officer A. Federal Reserve Bank of Chicago
The revisions will be implemented as and secretary of the savings association. (Colette A. Fried, Assistant Vice
proposed. The information collected on the FR President) 230 South LaSalle Street,
2. Report title: Notice of Proposed 1583 is generally not considered Chicago, Illinois 60690–1414:
Declaration of Dividend. confidential. It is possible that a savings 1. John Ruan III, Des Moines, Iowa;
Agency form number: FR 1583. association or SHLC could seek Suku Radia, West Des Moines, Iowa;
OMB control number: 7100–0339. David J. Fisher, West Des Moines, Iowa,
Frequency: As needed. confidential treatment under FOIA
exemption 4 for the nature and amount Thomas R. Schaefer, Stuart, Florida;
Respondents: Savings and Loan
of the proposed dividend declaration, in and J. Landis Martin, Denver, Colorado;
Holding Companies.
which case the institution would need together as a control group acting in
Estimated number of respondents:
to submit a request stating that concert to retain the authority to vote for
133.
Estimated average hours per response: disclosure of the specific information all of the voting shares of BTC Financial
16.5 minutes. would likely result in substantial harm Corporation, Des Moines, Iowa, and
Estimated annual burden hours: 73. thereby indirectly control Bankers Trust
to its competitive position and
General Description of Report: Company, Des Moines, Iowa. Messrs.
demonstrating the specific nature of the
Savings association subsidiaries of Ruan, Radia, Fisher, Schaefer and
harm that would result from public Martin constitute the Family Business
SLHCs provide prior notice of a release of the information. FOIA
dividend by filing form FR 1583 that Advisory Board of both The Ruan Trust
exemption 4 covers commercial or and The Ruan BTC Trust, both of Des
requires information on (1) the date of financial information obtained from a
the filing, (2) the nature and amount of Moines, Iowa, which own all of the
person that is privileged or confidential. voting shares of BTC Financial
the proposed dividend declaration, and
The determination of whether Corporation. John Ruan III is the trustee
(3) the names and signatures of the
confidential treatment should be of both Trusts.
executive officer and secretary of the
savings association that have provided granted will have be made on a case-by- Board of Governors of the Federal Reserve
the notice. The savings association case basis. System, August 12, 2016.
subsidiary must file this prior notice at Current Actions: On June 1, 2016, the Robert deV. Frierson,
least 30 days before the proposed Federal Reserve published a notice in Secretary of the Board.
declaration of a dividend by its board of the Federal Register (81 FR 35015) [FR Doc. 2016–19619 Filed 8–16–16; 8:45 am]
directors. This notice may include a requesting public comment for 60 days BILLING CODE 6210–01–P
schedule proposing dividends of over a on the extension, with revision, of the
specified period, up to 12 months. The FR 1583. The comment period for this
statute also provides that the 30-day notice expired on August 1, 2016. The GENERAL SERVICES
period commences on the date of receipt Federal Reserve did not receive any ADMINISTRATION
of the complete record of the notice by comments. The revisions will be
the Federal Reserve. The Federal [Notice–MA–2016–06; Docket No. 2016–
implemented as proposed. 0002; Sequence 21]
Reserve Board may request additional
mstockstill on DSK3G9T082PROD with NOTICES

information or may impose conditions Board of Governors of the Federal Reserve
System, August 11, 2016. Maximum Per Diem Reimbursement
for the dividend and may determine that Rates for the Continental United States
such dividend does not comply with the Robert deV. Frierson,
(CONUS)
requirements of 12 CFR part 238, Secretary of the Board.
subpart K. [FR Doc. 2016–19567 Filed 8–16–16; 8:45 am] AGENCY: Office of Government-wide
Legal authorization and BILLING CODE 6210–01–P
Policy (OGP), General Services
confidentiality: The Board’s Legal Administration (GSA).

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Document Created: 2018-02-09 11:35:00
Document Modified: 2018-02-09 11:35:00

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 54805