82 FR 18762 - Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company

FEDERAL RESERVE SYSTEM

Federal Register Volume 82, Issue 76 (April 21, 2017)

Page Range		18762-18762
FR Document		2017-08052

Federal Register, Volume 82 Issue 76 (Friday, April 21, 2017)

[Federal Register Volume 82, Number 76 (Friday, April 21, 2017)]
[Notices]
[Page 18762]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-08052]


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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 May 8, 2017.
    A. Federal Reserve Bank of Kansas City (Dennis Denney, Assistant 
Vice President), 1 Memorial Drive, Kansas City, Missouri 64198-0001:
    1. Jack Poulsen and Debra Poulsen, both of Ericson, Nebraska; to 
acquire voting shares of Wheeler County Bancshares, Inc., Ericson, 
Nebraska, and thereby indirectly acquire Ericson State Bank, Ericson, 
Nebraska.

    Board of Governors of the Federal Reserve System, April 17, 
2017.
Margaret M. Shanks,
Deputy Secretary of the Board.
[FR Doc. 2017-08052 Filed 4-20-17; 8:45 am]
 BILLING CODE 6210-01-P

18762 Federal Register / Vol. 82, No. 76 / Friday, April 21, 2017 / Notices

changes in loan demand, credit be asked to identify possible reasons for assets and liabilities as the Board may
standards and terms, and credit quality indicated changes in lending terms or determine to be necessary or desirable
of applicants and reasons for the credit standards. The survey would also to enable the Board to discharge its
changes. Information on the reasons for include qualitative questions on the responsibility to monitor and control
denying a small business loan demand for small business loans, monetary and credit aggregates. The
application will also be collected. changes in credit line usage, and reports are voluntary. Individual
The FR 2028D would also improve changes in the credit quality of small responses reported on the FR 2028A, FR
upon current information on business loan applicants. Respondents 2028B, FR 2028D, and FR 2028S are
outstanding loans collected on the would be asked to identify potential regarded as confidential under the
Reports of Condition and Income (Call factors underlying a reported change in Freedom of Information Act (5 U.S.C.
Report; FFIEC 031, FFIEC 041, and applicant credit quality (e.g., credit
FFIEC 051; OMB No. 7100–0036), which 552(b)(4)).
scores, quality of collateral) and to
collects data on loans less than a certain identify top reasons for denying small Board of Governors of the Federal Reserve
dollar amount rather than on loans to business loans during the survey System, April 17, 2017.
small businesses. The Call Report data quarter. Ann E. Misback,
may result in information distortions The replacement of the FR 2028A Secretary of the Board.
about the availability of credit to small with the FR 2028D would result in a [FR Doc. 2017–08072 Filed 4–20–17; 8:45 am]
businesses because not all small loans reduction of the burden by 2,873 hours.
BILLING CODE 6210–01–P
are made to small businesses.
The FR 2028D would collect Reporting Panel
quantitative and qualitative information The FR 2028B panel has an
on loans to small businesses from a authorized size of 250 domestically FEDERAL RESERVE SYSTEM
stratified sample of 398 banking chartered commercial banks. The panel
institutions. The survey would be of banks has been drawn from a random Change in Bank Control Notices;
administered at a quarterly frequency sample of banks stratified according to Acquisitions of Shares of a Bank or
and distributed during the second farm loan volumes since 1989. Since Bank Holding Company
month of each quarter. Survey responses that time, the authorized size of the
would be based on loan activity over the panel has been 250 banks, with 189 The notificants listed below have
previous quarter. Quantitative banks currently reporting. The number applied under the Change in Bank
information collected would include the of respondents is less than the Control Act (12 U.S.C. 1817(j)) and
aggregate number and dollar amount of authorized size due to mergers among § 225.41 of the Board’s Regulation Y (12
outstanding loans and new loans reporters and loss of respondents due to CFR 225.41) to acquire shares of a bank
extended by banks to small businesses the voluntary nature of the panel. If the or bank holding company. The factors
each quarter, as well as line-of-credit authorized size of the panel is reduced that are considered in acting on the
drawdowns and the average interest rate to 189, the standard errors for the data notices are set forth in paragraph 7 of
and benchmark rate. Loans are items would increase 17 percentage the Act (12 U.S.C. 1817(j)(7)).
separated into two categories: Term points. Moreover, the standard errors on The notices are available for
loans and lines of credit, with each the regional estimates, which are based immediate inspection at the Federal
category further separated into fixed rate on smaller samples, likely would be Reserve Bank indicated. The notices
and variable rate. Additionally, greatly increased. Consequently, the also will be available for inspection at
quantitative information on the number recommendation is not to change the the offices of the Board of Governors.
and dollar amount of small business authorized number of banks.
loans with guarantees (Small Business Interested persons may express their
The proposed authorized panel for the
Administration and other) would be FR 2028D panel is 398 domestically views in writing to the Reserve Bank
collected, as well as information chartered commercial banks. The indicated for that notice or to the offices
regarding loan maturity and the use of proposed size is based on obtaining of the Board of Governors. Comments
interest rate floors. The FR 2028D would survey results with a 95% confidence must be received not later than May 8,
also collect quantitative information on level and 5% standard error, allowing 2017.
small business loan applications for a 10% nonresponse rate. The panel A. Federal Reserve Bank of Kansas
received and applications approved of banks would be a random sample of City (Dennis Denney, Assistant Vice
during the survey quarter, including banks stratified according to the dollar President), 1 Memorial Drive, Kansas
information on applications from Low- volumes of commercial and industrial City, Missouri 64198–0001:
and Moderate-Income tracts. loans with original amounts of
Qualitative information collected by 1. Jack Poulsen and Debra Poulsen,
$1,000,000 or less.
the FR 2028D would include questions Legal authorization and both of Ericson, Nebraska; to acquire
to gauge changes in lending terms, loan confidentiality: The Board’s Legal voting shares of Wheeler County
demand, and credit standards for small Division has determined that these Bancshares, Inc., Ericson, Nebraska, and
business loans during the survey surveys are authorized by section thereby indirectly acquire Ericson State
period.5 Furthermore, respondents will 11(a)(2) of the Federal Reserve Act (12 Bank, Ericson, Nebraska.
U.S.C. 248(a)(2)) which authorizes the Board of Governors of the Federal Reserve
5 The inclusion of qualitative questions, which
Board to require any depository System, April 17, 2017.
are the same as those in the Senior Loan Officer
sradovich on DSK3GMQ082PROD with NOTICES

Opinion Survey on Bank Lending Practices (FR institution to make such reports of its Margaret M. Shanks,
2018; OMB No. 7100–0058), is meant to supplement Deputy Secretary of the Board.
the existing FR 2018 data to get a more which is significantly larger than the $5 million
comprehensive view of the availability of credit to threshold in the FR 2028D. Furthermore, the FR [FR Doc. 2017–08052 Filed 4–20–17; 8:45 am]
businesses. Importantly, the definitions of a small 2018 panel only includes large institutions while BILLING CODE 6210–01–P
business are different in the FR 2018 and proposed the FR 2028D panel will be a stratified sample of
FR 2028D. The FR 2018 covers lending to both 398 domestic banks and include institutions of all
small and large firms and defines small firms as sizes. Therefore, not much overlap in the panels for
those with annual sales of less than $50 million, the two data collections is expected.

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Document Created: 2017-04-21 01:19:14
Document Modified: 2017-04-21 01:19:14

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 18762