81 FR 85961 - Formations of, Acquisitions by, and Mergers of Bank Holding Companies

FEDERAL RESERVE SYSTEM

Federal Register Volume 81, Issue 229 (November 29, 2016)

Page Range		85961-85962
FR Document		2016-28694

Federal Register, Volume 81 Issue 229 (Tuesday, November 29, 2016)

[Federal Register Volume 81, Number 229 (Tuesday, November 29, 2016)]
[Notices]
[Pages 85961-85962]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-28694]


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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

[[Page 85962]]

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 December 23, 2016.
    A. Federal Reserve Bank of San Francisco (Gerald C. Tsai, Director, 
Applications and Enforcement) 101 Market Street, San Francisco, 
California 94105-1579:
    1. BayCom Corp, Walnut Creek, California; to become a bank holding 
company by acquiring 100 percent of Bay Commercial Bank, also of Walnut 
Creek, California.

    Board of Governors of the Federal Reserve System, November 23, 
2016.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2016-28694 Filed 11-28-16; 8:45 am]
 BILLING CODE 6210-01-P

Federal Register / Vol. 81, No. 229 / Tuesday, November 29, 2016 / Notices 85961

burden on members and project V. Long-Term Monitoring Submissions OMB and FHFA as instructed above in
sponsors in connection with the for Approved Competitive Application the COMMENTS section.
preparation and submission of AHP Program Projects Dated: November 23, 2016.
competitive applications is 32,400 hours FHFA estimates that project sponsors Kevin Winkler,
(1,350 applications × 24 hours). will make an annual average of 4,800 Chief Information Officer, Federal Housing
II. Compliance Submissions for submissions of documentation to the Finance Agency.
Approved Competitive Application Banks for purposes of the Banks’ long- [FR Doc. 2016–28707 Filed 11–28–16; 8:45 am]
Projects at AHP Subsidy Disbursement term monitoring of completed projects BILLING CODE 8070–01–P
approved under their competitive
FHFA estimates that Bank members, application programs, and that the
on behalf of project sponsors, will make average preparation time for each FEDERAL MARITIME COMMISSION
an annual average of 700 submissions to submission will be 3 hours. The
the Banks documenting that projects estimate for the total annual hour Notice of Agreement Filed
approved under the Banks’ competitive burden on project sponsors in
connection with the preparation and The Commission hereby gives notice
application programs continue to of the filing of the following agreement
comply with the regulatory eligibility submission of documentation required
for long-term monitoring of competitive under the Shipping Act of 1984.
requirements and all commitments Interested parties may submit comments
made in the approved applications at application projects is 14,400 hours
(4,800 submissions × 3 hours). on the agreement to the Secretary,
the time each AHP subsidy is disbursed, Federal Maritime Commission,
and that the average preparation time VI. Homeownership Set-Aside Program Washington, DC 20573, within twelve
for each submission will be 1 hour. The Applications and Certifications days of the date this notice appears in
estimate for the total annual hour FHFA estimates that Bank members the Federal Register. A copy of the
burden on members and project will submit to the Banks an annual agreement is available through the
sponsors in connection with the average of 13,000 applications and Commission’s Web site (www.fmc.gov)
preparation and submission of these required certifications for AHP direct or by contacting the Office of
compliance submissions is 700 hours subsidies under the Banks’ Agreements at (202)-523–5793 or
(700 submissions × 1 hour). homeownership set-aside programs, and tradeanalysis@fmc.gov.
that the average preparation time for Agreement No.: 012443.
III. Modification Requests for Approved Title: Hyundai Glovis/Sallaum
those submissions together will be 5
Competitive Application Projects Cooperative Working Agreement.
hours. The estimate for the total annual
hour burden on members in connection Parties: Hyundai Glovis Co. Ltd. and
FHFA estimates that Bank members,
with the preparation and submission of Sallaum Lines DMCC.
on behalf of project sponsors, will Filing Party: Wayne R. Rohde, Esq.;
submit to the Banks an annual average homeownership set-aside program
applications and certifications is 65,000 Cozen O’Conner; 1200 Nineteenth Street
of 300 requests for modifications to NW; Washington, DC 20036.
projects that have been approved under hours (13,000 applications/certifications
× 5 hours). Synopsis: The Agreement authorizes
the Banks’ competitive application the parties to charter space to/from one
programs, and that the average D. Comment Request another and coordinate the sailings of
preparation time for each request will be In accordance with the requirements their ro-ro vessels in the trade from the
2.5 hours. The estimate for the total of 5 CFR 1320.8(d), FHFA published an Atlantic and Gulf Coasts of the United
annual hour burden on members and initial notice requesting comments States to ports in West and South Africa.
project sponsors in connection with the regarding this information collection in The Parties request expedited review.
preparation and submission of these the Federal Register on September 23, By Order of the Federal Maritime
modification requests is 750 hours (300 2016.17 The 60-day comment period Commission.
requests × 2.5 hours). closed on September 22, 2016. No Dated: November 22, 2016.
comments were received. Rachel E. Dickon,
IV. Initial Monitoring Submissions for
In accordance with the requirements Assistant Secretary.
Approved Competitive Application
of 5 CFR 1320.10(a), FHFA is publishing
Projects this second notice to request comments
[FR Doc. 2016–28629 Filed 11–28–16; 8:45 am]
BILLING CODE 6731–AA–P
FHFA estimates that project sponsors regarding the following: (1) Whether the
will make an annual average of 500 collection of information is necessary
submissions of documentation to the for the proper performance of FHFA
functions, including whether the FEDERAL RESERVE SYSTEM
Banks for purposes of the Banks’ initial
monitoring of in-progress and recently information has practical utility; (2) the Formations of, Acquisitions by, and
accuracy of FHFA’s estimates of the Mergers of Bank Holding Companies
completed projects approved under
burdens of the collection of information;
their competitive application programs,
(3) ways to enhance the quality, utility The companies listed in this notice
and that the average preparation time and clarity of the information collected; have applied to the Board for approval,
for each submission will be 5 hours. The and (4) ways to minimize the burden of pursuant to the Bank Holding Company
asabaliauskas on DSK3SPTVN1PROD with NOTICES

estimate for the total annual hour the collection of information on Act of 1956 (12 U.S.C. 1841 et seq.)
burden on project sponsors in members and project sponsors, (BHC Act), Regulation Y (12 CFR part
connection with the preparation and including through the use of automated 225), and all other applicable statutes
submission of documentation required collection techniques or other forms of and regulations to become a bank
for initial monitoring of competitive information technology. Comments holding company and/or to acquire the
application projects is 2,500 hours (500 should be submitted in writing to both assets or the ownership of, control of, or
submissions × 5 hours). the power to vote shares of a bank or
17 See 81 FR 65648 (Sept. 23, 2016). bank holding company and all of the

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Document Created: 2016-11-29 00:33:33
Document Modified: 2016-11-29 00:33:33

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 85961