82 FR 10010 - Notice of Termination of the Receivership of 10299, WestBridge Bank and Trust Company, Chesterfield, Missouri

FEDERAL DEPOSIT INSURANCE CORPORATION

Federal Register Volume 82, Issue 26 (February 9, 2017)

Page Range		10010-10010
FR Document		2017-02671

Federal Register, Volume 82 Issue 26 (Thursday, February 9, 2017)

[Federal Register Volume 82, Number 26 (Thursday, February 9, 2017)]
[Notices]
[Page 10010]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-02671]


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FEDERAL DEPOSIT INSURANCE CORPORATION


Notice of Termination of the Receivership of 10299, WestBridge 
Bank and Trust Company, Chesterfield, Missouri

    The Federal Deposit Insurance Corporation (``FDIC''), as Receiver 
for 10299, WestBridge Bank and Trust Company, Chesterfield, Missouri 
(``Receiver''), has been authorized to take all actions necessary to 
terminate the receivership estate of WestBridge Bank and Trust Company 
(``Receivership Estate''); the Receiver has made all dividend 
distributions required by law.
    The Receiver has further irrevocably authorized and appointed FDIC-
Corporate as its attorney-in-fact to execute and file any and all 
documents that may be required to be executed by the Receiver which 
FDIC-Corporate, in its sole discretion, deems necessary; including but 
not limited to releases, discharges, satisfactions, endorsements, 
assignments and deeds.
    Effective February 1, 2017, the Receivership Estate has been 
terminated, the Receiver discharged, and the Receivership Estate has 
ceased to exist as a legal entity.

    Dated: February 6, 2017.

Federal Deposit Insurance Corporation.
Valerie J. Best,
Assistant Executive Secretary.
[FR Doc. 2017-02671 Filed 2-8-17; 8:45 am]
BILLING CODE 6714-01-P

10010 Federal Register / Vol. 82, No. 26 / Thursday, February 9, 2017 / Notices

General Description of Collection: The safety-and-soundness and consumer- used to improve the way FDIC relates to
FDIC is requesting renewal of this related exams), the perceived need for its clients, to develop agendas for
approved collection to use occasional regulatory or statutory change, and regulatory or statutory change, and in
qualitative surveys to gather information similar concerns. The information in some cases simply to learn how
from the public. In general, these these surveys is anecdotal in nature, particular policies or programs are
surveys do not involve more than 850 that is, samples are not necessarily working, or are perceived in particular
respondents, do not require more than random, the results are not necessarily cases.
one hour per respondent, and are representative of a larger class of 4. Title: Interagency Guidance on
completely voluntary in nature. It is not potential respondents, and the goal is Sound Incentive Compensation
contemplated that more than 15 such not to produce a statistically valid and Practices.
surveys will be conducted in any given reliable database. Rather, the surveys are OMB Number: 3064–0175.
year. The purpose of the surveys is, in expected to yield anecdotal information Form Number: None.
general terms, to obtain anecdotal about the particular experiences and Affected Public: Insured State
information about regulatory burden, opinions of members of the public, Nonmember Banks and State Savings
problems or successes in the bank primarily staff at respondent banks or Associations.
supervisory process (including both bank customers. The information is Burden Estimate:

Estimated Total annual
Estimated Estimated time per Frequency estimated
Type of burden number of number of response of response burden
respondents responses (hours) (hours)

Annual maintenance of poli- Recordkeeping ................... 3,878 1 40 Annual ............ 155,120
cies and procedures.

General Description of Collection: The the FDIC’s functions, including whether The Receiver has further irrevocably
Guidance on Sound Incentive the information has practical utility; (b) authorized and appointed FDIC-
Compensation Practices helps ensure the accuracy of the estimates of the Corporate as its attorney-in-fact to
that incentive compensation policies at burden of the information collections, execute and file any and all documents
insured state nonmember banks and including the validity of the that may be required to be executed by
state savings associations do not methodology and assumptions used; (c) the Receiver which FDIC-Corporate, in
encourage excessive risk-taking and are ways to enhance the quality, utility, and its sole discretion, deems necessary;
consistent with the safety and clarity of the information to be including but not limited to releases,
soundness of the organization. Under collected; and (d) ways to minimize the discharges, satisfactions, endorsements,
the Guidance, banks are required to: (i) burden of the collections of information assignments and deeds.
Have policies and procedures that on respondents, including through the Effective February 1, 2017, the
identify and describe the role(s) of the use of automated collection techniques Receivership Estate has been
personnel and units authorized to be or other forms of information terminated, the Receiver discharged,
involved in incentive compensation technology. All comments will become and the Receivership Estate has ceased
arrangements, identify the source of a matter of public record. to exist as a legal entity.
significant risk-related inputs, establish Dated at Washington, DC, this 3rd day of Dated: February 6, 2017.
appropriate controls governing these February 2017. Federal Deposit Insurance Corporation.
inputs to help ensure their integrity, and Federal Deposit Insurance Corporation. Valerie J. Best,
identify the individual(s) and unit(s) Valerie J. Best, Assistant Executive Secretary.
whose approval is necessary for the [FR Doc. 2017–02671 Filed 2–8–17; 8:45 am]
Assistant Executive Secretary.
establishment or modification of
[FR Doc. 2017–02635 Filed 2–8–17; 8:45 am] BILLING CODE 6714–01–P
incentive compensation arrangements;
(ii) create and maintain sufficient BILLING CODE 6714–01–P

documentation to permit an audit of the
organization’s processes for incentive FEDERAL TRADE COMMISSION
FEDERAL DEPOSIT INSURANCE
compensation arrangements; (iii) have [File No. 172 3033]
CORPORATION
any material exceptions or adjustments
to the incentive compensation iSpring Water Systems, LLC; Analysis
Notice of Termination of the of Proposed Consent Order To Aid
arrangements established for senior Receivership of 10299, WestBridge
executives approved and documented Public Comment
Bank and Trust Company,
by its board of directors; and (iv) have Chesterfield, Missouri AGENCY: Federal Trade Commission.
its board of directors receive and ACTION: Proposed consent agreement.
review, on an annual or more frequent The Federal Deposit Insurance
basis operation of the organization’s Corporation (‘‘FDIC’’), as Receiver for SUMMARY: The consent agreement in this
incentive compensation system in 10299, WestBridge Bank and Trust matter settles alleged violations of
providing risk-taking incentives that are Company, Chesterfield, Missouri
sradovich on DSK3GMQ082PROD with NOTICES

federal law prohibiting unfair or
consistent with the organization’s safety (‘‘Receiver’’), has been authorized to deceptive acts or practices. The attached
and soundness. take all actions necessary to terminate Analysis to Aid Public Comment
the receivership estate of WestBridge describes both the allegations in the
Request for Comment
Bank and Trust Company draft complaint and the terms of the
Comments are invited on: (a) Whether (‘‘Receivership Estate’’); the Receiver consent order—embodied in the consent
the collections of information are has made all dividend distributions agreement—that would settle these
necessary for the proper performance of required by law. allegations.

VerDate Sep<11>2014 18:11 Feb 08, 2017 Jkt 241001 PO 00000 Frm 00028 Fmt 4703 Sfmt 4703 E:\FR\FM\09FEN1.SGM 09FEN1

Document Created: 2017-02-09 01:02:56
Document Modified: 2017-02-09 01:02:56

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		82 FR 10010