81_FR_94624 81 FR 94377 - Formations of, Acquisitions by, and Mergers of Bank Holding Companies

81 FR 94377 - Formations of, Acquisitions by, and Mergers of Bank Holding Companies

FEDERAL RESERVE SYSTEM

Federal Register Volume 81, Issue 247 (December 23, 2016)

Page Range94377-94377
FR Document2016-30995

Federal Register, Volume 81 Issue 247 (Friday, December 23, 2016)
[Federal Register Volume 81, Number 247 (Friday, December 23, 2016)]
[Notices]
[Page 94377]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-30995]


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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 indicated or the 
offices of the Board of Governors not later than January 19, 2017.
    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. Canada Bancshares, Inc., England, Arkansas; to become a bank 
holding company by acquiring Bank of England, England, Arkansas.
    2. MHBC Investments Limited Partnership I, LLLP, England, Arkansas; 
to acquire 63.77 percent of Canada Bancshares, Inc., and thereby 
indirectly retain control of Bank of England, both in England, 
Arkansas.

    Board of Governors of the Federal Reserve System, December 20, 
2016.
Yao-Chin Chao,
Assistant Secretary of the Board.
[FR Doc. 2016-30995 Filed 12-22-16; 8:45 am]
BILLING CODE 6210-01-P



                                                                              Federal Register / Vol. 81, No. 247 / Friday, December 23, 2016 / Notices                                                94377

                                                  modification to an existing tower                         Nature and Extent of Confidentiality:               FEDERAL RESERVE SYSTEM
                                                  without prior notice, the proponent                     There is no need for confidentiality with
                                                  must provide written notice to                          this information collection.                          Formations of, Acquisitions by, and
                                                  potentially affected AM stations within                   Needs and Uses: The Commission                      Mergers of Bank Holding Companies
                                                  five days of the construction or                        will submit this information collection
                                                  modification of the tower and cooperate                                                                         The companies listed in this notice
                                                                                                          to the Office of Management and Budget
                                                  with such AM stations to remedy any                                                                           have applied to the Board for approval,
                                                                                                          (OMB) after this 60 day comment period                pursuant to the Bank Holding Company
                                                  pattern distortions that arise as a
                                                  consequence of such construction.                       in order to obtain the full three year                Act of 1956 (12 U.S.C. 1841 et seq.)
                                                     47 CFR 73.875(c) requires an LPFM                    clearance from them.                                  (BHC Act), Regulation Y (12 CFR part
                                                  applicant to submit an exhibit                            The information collections contained               225), and all other applicable statutes
                                                  demonstrating compliance with                           in these rule sections require                        and regulations to become a bank
                                                  § 1.30003 or § 1.30002, as applicable,                  manufacturers of certain emergency                    holding company and/or to acquire the
                                                  with any modification of license                        radio beacons to include supplemental                 assets or the ownership of, control of, or
                                                  application filed solely pursuant to                    information with their equipment                      the power to vote shares of a bank or
                                                  paragraphs (c)(1) and (c)(2) of this                    certification application which are due               bank holding company and all of the
                                                  section, where the installation is on or                to the I formation collection                         banks and nonbanking companies
                                                  near an AM tower, as defined in                         requirements which were adopted by                    owned by the bank holding company,
                                                  § 1.30002.                                              the Federal Communications                            including the companies listed below.
                                                     47 CFR 73.1675(c)(1) states that where               Commission in FCC 16–119 on August                      The applications listed below, as well
                                                  an FM, TV, or Class A TV licensee or                    30, 2016. Manufacturers of Automatic                  as other related filings required by the
                                                  permittee proposes to mount an                          Identification System Search and                      Board, are available for immediate
                                                  auxiliary facility on an AM tower, it                   Rescue Transmitters (AIS–SARTS), 406                  inspection at the Federal Reserve Bank
                                                  must also demonstrate compliance with                   MHz Emergency Position Indicating                     indicated. The applications will also be
                                                  § 1.30003 in the license application.                   RadioBeacons (EPRIBs) and Maritime                    available for inspection at the offices of
                                                     47 CFR 73.1690(c) requires FM, TV, or                Survivor Locating Device (MSLD) must
                                                  Class A TV station applicants to submit                                                                       the Board of Governors. Interested
                                                                                                          provide a copy of letter from the U.S.                persons may express their views in
                                                  an exhibit demonstrating compliance
                                                                                                          Coast Guard stating their devices                     writing on the standards enumerated in
                                                  with § 1.30003 or § 1.30002, as
                                                  applicable, with a modification of                      satisfies technical requirements                      the BHC Act (12 U.S.C. 1842(c)). If the
                                                  license application, except for                         specified in the IEC 61097–17 technical               proposal also involves the acquisition of
                                                  applications solely filed pursuant to                   standard for AIS–SARTs, or Radio                      a nonbanking company, the review also
                                                  paragraphs (c)(6) or (c)(9) of this section,            Technical Commission for Maritime                     includes whether the acquisition of the
                                                  where the installation is located on or                 Services (RTCM) Standard 11000 for                    nonbanking company complies with the
                                                  near an AM tower, as defined in                         406 MHz EPIRBs, or that RTCM                          standards in section 4 of the BHC Act
                                                  § 1.30002.                                              Standard 11901 for MSLDs. They must                   (12 U.S.C. 1843). Unless otherwise
                                                     OMB Control No.: 3060–xxxx.                          also provide a copy or the technical test             noted, nonbanking activities will be
                                                     Title: Sections 80.233, Technical                    data, and the instruction manual(s). For              conducted throughout the United States.
                                                  requirements for Automatic                              406 MHz PLBs manufacturers must                         Unless otherwise noted, comments
                                                  Identification System Search and                        include documentation from COSPAS/                    regarding each of these applications
                                                  Rescue Transmitter (AIS–SART)                           SARSAT recognized test facility that the              must be received at the Reserve Bank
                                                  equipment, 80.1061 Special                              PLB satisfies the technical requirements              indicated or the offices of the Board of
                                                  requirements for 406.0–406.1 MHz                        specified in COSPAS–SARSAT                            Governors not later than January 19,
                                                  EPIRB stations, 95.1402 Special                         Standard C/S T.001 and COSPAS–                        2017.
                                                  requirements for 406 MHz PLBs,                          SARSAT Standard C/S T.007 standards                     A. Federal Reserve Bank of St. Louis
                                                  95.1403 Special Requirements for                        and documentation from an                             (David L. Hubbard, Senior Manager)
                                                  Maritime Survivor Locating Devices.                     independent test facility stating that the            P.O. Box 442, St. Louis, Missouri
                                                     Form No.: N/A.                                       PLB complies RTCM Standard 11010.2.                   63166–2034. Comments can also be sent
                                                     Type of Review: New collection.                      The information is used by                            electronically to
                                                     Respondents: Business or other for-                  Telecommunications Certification                      Comments.applications@stls.frb.org:
                                                  profit entities.                                        Bodies (TCBs) to determine if the
                                                     Number of Respondents and                                                                                    1. Canada Bancshares, Inc., England,
                                                                                                          devices meets the necessary                           Arkansas; to become a bank holding
                                                  Responses: 80 respondents and 80                        international technical standards and
                                                  responses.                                                                                                    company by acquiring Bank of England,
                                                                                                          insure compliance with applicable                     England, Arkansas.
                                                     Estimated Time per Response: 1 hour.
                                                                                                          rules. If this information were not
                                                     Frequency of Response: Third party                                                                           2. MHBC Investments Limited
                                                                                                          available, operation of marine safety
                                                  disclosure requirement and on occasion                                                                        Partnership I, LLLP, England, Arkansas;
                                                                                                          equipment could be hindered
                                                  reporting requirement.                                                                                        to acquire 63.77 percent of Canada
                                                     Obligation to Respond: Required to                   threatening the ability of rescue                     Bancshares, Inc., and thereby indirectly
                                                  obtain or retain benefits. Statutory                    personnel to locate vessels in distress.              retain control of Bank of England, both
                                                  authority for this collection of                        Federal Communications Commission.                    in England, Arkansas.
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                                                  information is contained in Sections 4,                 Marlene H. Dortch,                                      Board of Governors of the Federal Reserve
                                                  303, 48 Stat. 1066, 1082, as amended; 47                Secretary, Office of the Secretary.                   System, December 20, 2016.
                                                  U.S.C. 154, 303 unless otherwise noted.
                                                                                                          [FR Doc. 2016–30899 Filed 12–22–16; 8:45 am]          Yao-Chin Chao,
                                                     Total Annual Burden: 80 hours.
                                                     Annual Cost Burden: No cost.                         BILLING CODE 6712–01–P                                Assistant Secretary of the Board.
                                                     Privacy Act Impact Assessment: No                                                                          [FR Doc. 2016–30995 Filed 12–22–16; 8:45 am]
                                                  impact(s).                                                                                                    BILLING CODE 6210–01–P




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Document Created: 2016-12-23 12:29:31
Document Modified: 2016-12-23 12:29:31
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
FR Citation81 FR 94377 

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