81 FR 58939 - Formations of, Acquisitions by, and Mergers of Bank Holding Companies
FEDERAL RESERVE SYSTEM Federal Register Volume 81, Issue 166 (August 26, 2016)
Federal Register Volume 81, Issue 166 (August 26, 2016)
| Page Range | 58939-58940 | |
| FR Document | 2016-20532 |
[Federal Register Volume 81, Number 166 (Friday, August 26, 2016)] [Notices] [Pages 58939-58940] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-20532] ----------------------------------------------------------------------- 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 indicated or the offices of the Board of Governors not later than September 22, 2016. A. Federal Reserve Bank of St. Louis (David L. Hubbard, Senior Manager) P.O. Box 442, St. Louis, Missouri 63166-2034. Comments can also be sent electronically to [email protected]: 1. M&P Community Bancshares, Inc., 401(k) Employee Stock Ownership Plan; to acquire additional shares of M&P Community Bancshares, Inc., for a total of ownership of up to 38 percent, and [[Page 58940]] thereby acquire shares of Merchants & Planters Bank, all in Newport, Arkansas. Board of Governors of the Federal Reserve System, August 23, 2016. Michele T. Fennell, Assistant Secretary of the Board. [FR Doc. 2016-20532 Filed 8-25-16; 8:45 am] BILLING CODE 6210-01-P
![Federal Register / Vol. 81, No. 166 / Friday, August 26, 2016 / Notices 58939
Although the rating system reflects risk at least as stringent as the applicable electronically to
management standards set out in Regulation HH standards applied to Comments.applications@stls.frb.org:
Regulation HH, the PSR policy, and DFMUs that provide similar services. 1. Gaylon M. Lawrence, Jr., Memphis,
other applicable rules and guidance, the The risk management and transparency Tennessee, to retain shares of Piggott
ORSOM rating system itself does not expectations in part I of the PSR policy, Bankstock, Inc., and thereby indirectly
impose any compliance requirements. which applies to the Federal Reserve retain control of Piggott State Bank, both
5. Steps to minimize significant priced services, are consistent with in Piggott, Arkansas.
economic impact on small entities those in Regulation HH. The ORSOM Board of Governors of the Federal Reserve
consistent with the stated objectives of rating system will be applied equally to System, August 23, 2016.
applicable statutes/discussion of both DFMUs subject to Regulation HH Michele T. Fennell,
significant alternatives. The rating and to the other FMIs subject to the Assistant Secretary of the Board.
system will not have an economic Board’s authority, including the Federal [FR Doc. 2016–20531 Filed 8–25–16; 8:45 am]
impact on small entities. The Board is Reserve priced services, subject to the
BILLING CODE 6210–01–P
not aware of any significant alternatives PSR policy. Therefore, the Board does
to the rating system that accomplish the not believe the rating system will have
objectives of reflecting the relevant risk any direct and material adverse effect on FEDERAL RESERVE SYSTEM
management standards in the the ability of other service providers to
supervisory rating system. compete with the Reserve Banks. Formations of, Acquisitions by, and
Competitive Impact Analysis Paperwork Reduction Act Analysis Mergers of Bank Holding Companies
As a matter of policy, the Board In accordance with the Paperwork The companies listed in this notice
subjects all operational and legal Reduction Act of 1995 (44 U.S.C. 3506; have applied to the Board for approval,
changes that could have a substantial 5 CFR part 1320, Appendix A.1), the pursuant to the Bank Holding Company
effect on payment system participants to Board may not conduct or sponsor, and Act of 1956 (12 U.S.C. 1841 et seq.)
a competitive impact analysis, even if a respondent is not required to respond (BHC Act), Regulation Y (12 CFR part
competitive effects are not apparent on to, an information collection unless it 225), and all other applicable statutes
the face of the proposal. Pursuant to this displays a valid Office of Management and regulations to become a bank
policy, the Board assesses whether the and Budget (OMB) control number. The holding company and/or to acquire the
changes ‘‘would have a direct and Board has reviewed this rating system assets or the ownership of, control of, or
material adverse effect on the ability of and determined that it contains no the power to vote shares of a bank or
other service providers to compete collections of information. bank holding company and all of the
effectively with the Federal Reserve in banks and nonbanking companies
By order of the Board of Governors of the
providing similar services’’ and whether owned by the bank holding company,
Federal Reserve System, August 23, 2016.
any such adverse effect ‘‘was due to including the companies listed below.
Robert deV. Frierson,
legal differences or due to a dominant The applications listed below, as well
market position deriving from such legal Secretary of the Board. as other related filings required by the
differences.’’ If, as a result of this [FR Doc. 2016–20517 Filed 8–25–16; 8:45 am] Board, are available for immediate
analysis, the Board identifies an adverse BILLING CODE 6210–01–P inspection at the Federal Reserve Bank
effect on the ability to compete, the indicated. The applications will also be
Board then assesses whether the available for inspection at the offices of
associated benefits—such as FEDERAL RESERVE SYSTEM the Board of Governors. Interested
improvements to payment system persons may express their views in
Change in Bank Control Notices;
efficiency or integrity—can be achieved writing on the standards enumerated in
Acquisitions of Shares of a Bank or
while minimizing the adverse effect on the BHC Act (12 U.S.C. 1842(c)). If the
Bank Holding Company
competition. proposal also involves the acquisition of
DFMUs are subject to the supervisory The notificants listed below have a nonbanking company, the review also
framework established under Title VIII applied under the Change in Bank includes whether the acquisition of the
of the Dodd-Frank Act. At least one Control Act (12 U.S.C. 1817(j)) and nonbanking company complies with the
DFMU that is subject to Regulation HH § 225.41 of the Board’s Regulation Y (12 standards in section 4 of the BHC Act
competes with a similar service CFR 225.41) to acquire shares of a bank (12 U.S.C. 1843). Unless otherwise
provided by the Reserve Banks. Under or bank holding company. The factors noted, nonbanking activities will be
the Federal Reserve Act, the Board has that are considered in acting on the conducted throughout the United States.
general supervisory authority over the notices are set forth in paragraph 7 of Unless otherwise noted, comments
Reserve Banks, including the Reserve the Act (12 U.S.C. 1817(j)(7)). regarding each of these applications
Banks’ provision of payment and The notices are available for must be received at the Reserve Bank
settlement services (Federal Reserve immediate inspection at the Federal indicated or the offices of the Board of
priced services). This general Reserve Bank indicated. The notices Governors not later than September 22,
supervisory authority is much more also will be available for inspection at 2016.
extensive in scope than the authority the offices of the Board of Governors. A. Federal Reserve Bank of St. Louis
provided under Title VIII over DFMUs. Interested persons may express their (David L. Hubbard, Senior Manager)
In practice, Board oversight of the views in writing to the Reserve Bank P.O. Box 442, St. Louis, Missouri
Reserve Banks goes well beyond the indicated for that notice or to the offices 63166–2034. Comments can also be sent
mstockstill on DSK3G9T082PROD with NOTICES
typical supervisory framework for of the Board of Governors. Comments electronically to
private-sector entities, including the must be received not later than Comments.applications@stls.frb.org:
framework provided by Title VIII. September 12, 2016. 1. M&P Community Bancshares, Inc.,
The Board is committed to applying A. Federal Reserve Bank of St. Louis 401(k) Employee Stock Ownership Plan;
risk-management standards to the (David L. Hubbard, Senior Manager) to acquire additional shares of M&P
Reserve Banks’ Fedwire Funds Service P.O. Box 442, St. Louis, Missouri Community Bancshares, Inc., for a total
and Fedwire Securities Service that are 63166–2034. Comments can also be sent of ownership of up to 38 percent, and
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![58940 Federal Register / Vol. 81, No. 166 / Friday, August 26, 2016 / Notices
thereby acquire shares of Merchants & related to this collection. Comments (d) The Additional Data Requirements
Planters Bank, all in Newport, Arkansas. received generally will be posted clause, which is to be included in all
Board of Governors of the Federal Reserve without change to http:// contracts for experimental,
System, August 23, 2016. www.regulations.gov, including any developmental, research, or
Michele T. Fennell, personal and/or business confidential demonstration work (other than basic or
Assistant Secretary of the Board.
information provided. To confirm applied research to be performed solely
receipt of your comment(s), please by a university or college where the
[FR Doc. 2016–20532 Filed 8–25–16; 8:45 am]
check www.regulations.gov, contract amount will be $500,000 or
BILLING CODE 6210–01–P
approximately two to three days after less). The clause requires that the
submission to verify posting (except contractor keep all data first produced
allow 30 days for posting of comments in the performance of the contract for a
DEPARTMENT OF DEFENSE submitted by mail). period of three years from the final
FOR FURTHER INFORMATION CONTACT: Mr. acceptance of all items delivered under
GENERAL SERVICES
Charles Gray, Procurement Analyst, at the contract. Much of this data will be
ADMINISTRATION
703–795–6328 or email charles.gray@ in the form of deliverables provided to
gsa.gov. the Government under the contract
NATIONAL AERONAUTICS AND
(final report, drawings, specifications,
SPACE ADMINISTRATION SUPPLEMENTARY INFORMATION:
etc.). Some data, however, will be in the
[OMB Control No. 9000–0090; Docket 2016– A. Purpose form of computations, preliminary data,
0053; Sequence 38] records of experiments, etc., and these
Subpart 27.4, Rights in Data and
Copyrights is a regulation which will be the data that will be required to
Information Collection; Rights in Data be kept over and above the deliverables.
and Copyrights concerns the rights of the Government
and contractors with whom the The purpose of such recordkeeping
AGENCY: Department of Defense (DOD), Government contracts, regarding the requirements is to insure that the
General Services Administration (GSA), use, reproduction, and disclosure of Government can fully evaluate the
and National Aeronautics and Space information developed under such research in order to ascertain future
Administration (NASA). contracts. The delineation of such rights activities and to insure that the research
ACTION: Notice of request for public is necessary in order to protect the was completed and fully reported, as
comments regarding an extension to an contractor’s rights to not disclose well as to give the public an opportunity
existing OMB clearance. proprietary data, and to insure that data to assess the research results and secure
developed with public funds is any additional information. All data
SUMMARY: Under the provisions of the available to the public. covered by this clause is unlimited
Paperwork Reduction Act, the The information collection burdens rights data paid for by the Government.
Regulatory Secretariat Division will be and recordkeeping requirements Paragraph (d) of the Rights in Data—
submitting to the Office of Management included in this regulation fall into the General clause (52.227.14) outlines a
and Budget (OMB) a request to review following four categories: procedure whereby a contracting officer
and approve an extension of a (a) A provision which is to be can challenge restrictive markings on
previously approved information included in solicitations where the data delivered. Under civilian agency
collection requirement concerning offeror would identify any proprietary contracts, limited rights data or
rights in data and copyrights. data it would use during contract restricted computer software is rarely, if
DATES: Submit comments on or before performance, in order that the ever, delivered to the Government.
October 25, 2016. contracting officer might ascertain if Therefore, there may rarely be any
ADDRESSES: Submit comments such proprietary data should be challenges. Thus, there is no burden on
identified by Information Collection delivered. the public.
9000–0090 by any of the following (b) Contract provisions which, in B. Annual Reporting Burden
methods: unusual circumstances, would be
• Regulations.gov: http:// included in a contract and require a Respondents: 944.
www.regulations.gov. Submit comments contractor to deliver proprietary data to Responses per Respondent: 2.43.
via the Federal eRulemaking portal by the Government for use in evaluating Annual Responses: 2294.
inputting ‘‘Information Collection 9000– work results, or is software to be used Hours per Response: 1.0.
0090’’ under the heading ‘‘Enter in a Government computer. These Total Burden Hours: 2294.
Keyword or ID’’ and selecting ‘‘Search’’. situations would arise only when the
C. Public Comments
Select the link ‘‘Submit a Comment’’ very nature of the contractor’s work is
that corresponds with ‘‘Information comprised of limited rights data or Public comments are particularly
Collection 9000–0090’’. Follow the restricted computer software and if the invited on: Whether this collection of
instructions provided at the ‘‘Submit a Government would need to see that data information is necessary for the proper
Comment’’ screen. Please include your in order to determine the extent of the performance of functions of the FAR,
name, company name (if any), and work. and whether it will have practical
‘‘Information Collection 9000–0090’’ on (c) A technical data certification for utility; whether our estimate of the
your attached document. major systems, which requires the public burden of this collection of
• Mail: General Services contractor to certify that the data information is accurate, and based on
mstockstill on DSK3G9T082PROD with NOTICES
Administration, Regulatory Secretariat delivered under the contract is valid assumptions and methodology;
Division (MVCB), 1800 F Street NW., complete, accurate and compliant with ways to enhance the quality, utility, and
Washington, DC 20405. ATTN: Ms. the requirements of the contract. As this clarity of the information to be
Flowers/IC 9000–0090. provision is for major systems only, and collected; and ways in which we can
Instructions: Please submit comments few civilian agencies have such major minimize the burden of the collection of
only and cite Information Collection systems, only about 30 contracts should information on those who are to
9000–0090, in all correspondence require this certification. respond, through the use of appropriate
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Document Created: 2016-08-26 10:40:29
Document Modified: 2016-08-26 10:40:29
| 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 58939 |
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