83 FR 14272 - Formations of, Acquisitions by, and Mergers of Bank Holding Companies
FEDERAL RESERVE SYSTEM Federal Register Volume 83, Issue 64 (April 3, 2018)
Federal Register Volume 83, Issue 64 (April 3, 2018)
| Page Range | 14272-14273 | |
| FR Document | 2018-06731 |
[Federal Register Volume 83, Number 64 (Tuesday, April 3, 2018)] [Notices] [Pages 14272-14273] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-06731] ======================================================================= ----------------------------------------------------------------------- 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 [[Page 14273]] 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 May 1, 2018. A. Federal Reserve Bank of Atlanta (Kathryn Haney, Director of Applications) 1000 Peachtree Street NE, Atlanta, Georgia 30309. Comments can also be sent electronically to [email protected]: 1. Henderson Bancshares, Inc., Troy, Alabama; to merge with First Brundidge Bancshares, Inc., and thereby directly acquire First National Bank of Brundidge, both of Brundidge, Alabama. In connection with this proposal, Henderson's parent company, Trust Number 3 under the Will of Charles Henderson, Troy, Alabama, will indirectly acquire First Brundidge Bancshares, Inc. and First National Bank of Brundidge both of Brundidge, Alabama. Board of Governors of the Federal Reserve System, March 29, 2018. Ann Misback, Secretary of the Board. [FR Doc. 2018-06731 Filed 4-2-18; 8:45 am] BILLING CODE P
![14272 Federal Register / Vol. 83, No. 64 / Tuesday, April 3, 2018 / Notices
Superior Silica Sands only) the permit requirements to assure that electronic should include the following
does not assure compliance with New documents are as legally dependable as information:
Source Performance Standard for PM their paper counterparts. Subpart D of (1) The name, address and telephone
limits because the permit does not CROMERR requires that state, tribal or number of the individual, organization
require the facility to operate the control local government agencies that receive, or other entity requesting a hearing;
device according to all of the design or wish to begin receiving, electronic (2) A brief statement of the requesting
parameters specified in the reports under their EPA-authorized person’s interest in EPA’s
manufacturer’s guarantees. programs must apply to EPA for a determination, a brief explanation as to
On February 26, 2018, the EPA revision or modification of those why EPA should hold a hearing, and
Administrator issued an Order denying programs and obtain EPA approval. any other information that the
the Petitions. The Order explains the Subpart D provides standards for such requesting person wants EPA to
basis for EPA’s decision. approvals based on consideration of the consider when determining whether to
Sections 307(b) and 505(b)(2) of the electronic document receiving systems grant the request;
CAA provide that a petitioner may that the state, tribe, or local government (3) The signature of the individual
request judicial review of those portions will use to implement the electronic making the request, or, if the request is
of an order that deny issues in a reporting. Additionally, § 3.1000(b) made on behalf of an organization or
petition. Any petition for review shall through (e) of 40 CFR part 3, subpart D other entity, the signature of a
be filed in the United States Court of provides special procedures for program responsible official of the organization
Appeals for the appropriate circuit no revisions and modifications to allow or other entity.
later than June 4, 2018. electronic reporting, to be used at the In the event a hearing is requested
Dated: March 20, 2018. option of the state, tribe or local and granted, EPA will provide notice of
Edward H. Chu,
government in place of procedures the hearing in the Federal Register not
available under existing program- less than 15 days prior to the scheduled
Acting Regional Administrator, Region 5.
specific authorization regulations. An hearing date. Frivolous or insubstantial
[FR Doc. 2018–06764 Filed 4–2–18; 8:45 am] application submitted under the subpart requests for hearing may be denied by
BILLING CODE 6560–50–P D procedures must show that the state, EPA. Following such a public hearing,
tribe or local government has sufficient EPA will review the record of the
legal authority to implement the hearing and issue an order either
ENVIRONMENTAL PROTECTION electronic reporting components of the
AGENCY affirming today’s determination or
programs covered by the application rescinding such determination. If no
[9970–81–OEI] and will use electronic document timely request for a hearing is received
receiving systems that meet the and granted, EPA’s approval of the State
Cross-Media Electronic Reporting: applicable subpart D requirements. of California’s request to revise its part
Authorized Program Revision On February 14, 2018, the California 142—National Primary Drinking Water
Approval, State of California State Water Resources Control Board Regulations Implementation program to
(CA SWRCB) submitted an application allow electronic reporting will become
AGENCY: Environmental Protection
titled ‘‘Compliance Monitoring Data effective 30 days after today’s notice is
Agency (EPA).
Portal’’ for revision to its EPA-approved published, pursuant to CROMERR
ACTION: Notice. drinking water program under title 40 section 3.1000(f)(4).
SUMMARY: This notice announces EPA’s CFR to allow new electronic reporting.
EPA reviewed CA SWRCB’s request to Matthew Leopard,
approval of the State of California’s
request to revise its National Primary revise its EPA-authorized program and, Director, Office of Information Management.
Drinking Water Regulations based on this review, EPA determined [FR Doc. 2018–06706 Filed 4–2–18; 8:45 am]
Implementation EPA-authorized that the application met the standards BILLING CODE 6560–50–P
program to allow electronic reporting. for approval of authorized program
revision set out in 40 CFR part 3,
DATES: EPA approves the authorized
subpart D. In accordance with 40 CFR FEDERAL RESERVE SYSTEM
program revision for the State of
3.1000(d), this notice of EPA’s decision
California’s National Primary Drinking
to approve California’s request to revise Formations of, Acquisitions by, and
Water Regulations Implementation
its Part 142—National Primary Drinking Mergers of Bank Holding Companies
program as of May 3, 2018, if no timely
Water Regulations Implementation
request for a public hearing is received The companies listed in this notice
program to allow electronic reporting
and accepted by the Agency. under 40 CFR part 141 is being have applied to the Board for approval,
FOR FURTHER INFORMATION CONTACT: published in the Federal Register. pursuant to the Bank Holding Company
Karen Seeh, U.S. Environmental CA SWRCB was notified of EPA’s Act of 1956 (12 U.S.C. 1841 et seq.)
Protection Agency, Office of determination to approve its application (BHC Act), Regulation Y (12 CFR part
Environmental Information, Mail Stop with respect to the authorized program 225), and all other applicable statutes
2823T, 1200 Pennsylvania Avenue NW, listed above. and regulations to become a bank
Washington, DC 20460, (202) 566–1175, Also, in today’s notice, EPA is holding company and/or to acquire the
seeh.karen@epa.gov. informing interested persons that they assets or the ownership of, control of, or
SUPPLEMENTARY INFORMATION: On may request a public hearing on EPA’s the power to vote shares of a bank or
October 13, 2005, the final Cross-Media action to approve the State of bank holding company and all of the
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Electronic Reporting Rule (CROMERR) California’s request to revise its banks and nonbanking companies
was published in the Federal Register authorized public water system program owned by the bank holding company,
(70 FR 59848) and codified as part 3 of under 40 CFR part 142, in accordance including the companies listed below.
title 40 of the CFR. CROMERR with 40 CFR 3.1000(f). Requests for a The applications listed below, as well
establishes electronic reporting as an hearing must be submitted to EPA as other related filings required by the
acceptable regulatory alternative to within 30 days of publication of today’s Board, are available for immediate
paper reporting and establishes Federal Register notice. Such requests inspection at the Federal Reserve Bank
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![Federal Register / Vol. 83, No. 64 / Tuesday, April 3, 2018 / Notices 14273
indicated. The applications will also be ADDRESSES: Interested parties may file a Financial Protection Bureau (CFPB) on
available for inspection at the offices of comment online or on paper, by July 21, 2011 (‘‘transfer date’’). To
the Board of Governors. Interested following the instructions in the implement this transferred authority,
persons may express their views in Request for Comment part of the the CFPB published interim final rules
writing on the standards enumerated in SUPPLEMENTARY INFORMATION section for new regulations in 12 CFR part 1002
the BHC Act (12 U.S.C. 1842(c)). If the below. Write ‘‘Regs BEMZ, PRA (Regulation B), 12 CFR part 1005
proposal also involves the acquisition of Comments, P084812’’ on your comment (Regulation E), 12 CFR part 1013
a nonbanking company, the review also and file your comment online at https:// (Regulation M), and 12 CFR 1026
includes whether the acquisition of the ftcpublic.commentworks.com/ftc/ (Regulation Z) for those entities under
nonbanking company complies with the RegsBEMZpra by following the its rulemaking jurisdiction, which were
standards in section 4 of the BHC Act instructions on the web-based form. If issued as final rules thereafter.1
(12 U.S.C. 1843). Unless otherwise you prefer to file your comment on Although the Dodd-Frank Act
noted, nonbanking activities will be paper, mail your comment to the
transferred most rulemaking authority
conducted throughout the United States. following address: Federal Trade
under ECOA, EFTA, CLA, and TILA to
Unless otherwise noted, comments Commission, Office of the Secretary,
regarding each of these applications 600 Pennsylvania Avenue NW, Suite the CFPB, the Board retained
must be received at the Reserve Bank CC–5610 (Annex J), Washington, DC rulemaking authority for certain motor
indicated or the offices of the Board of 20580, or deliver your comment to the vehicle dealers 2 under all of these
Governors not later than May 1, 2018. following address: Federal Trade statutes and also for certain interchange-
A. Federal Reserve Bank of Atlanta Commission, Office of the Secretary, related requirements under EFTA.3
(Kathryn Haney, Director of Constitution Center, 400 7th Street SW, As a result of the Dodd-Frank Act, the
Applications) 1000 Peachtree Street NE, 5th Floor, Suite 5610 (Annex J), FTC and the CFPB generally share the
Atlanta, Georgia 30309. Comments can Washington, DC 20024. authority to enforce Regulations B, E, M,
also be sent electronically to FOR FURTHER INFORMATION CONTACT: and Z for entities for which the FTC had
Applications.Comments@atl.frb.org: Requests for additional information or enforcement authority before the Act,
1. Henderson Bancshares, Inc., Troy, copies of the proposed information except for certain motor vehicle
Alabama; to merge with First Brundidge requirements should be addressed to dealers.4 Because of the generally
Bancshares, Inc., and thereby directly Carole Reynolds or Stephanie shared enforcement jurisdiction, the two
acquire First National Bank of Rosenthal, Attorneys, Division of agencies have divided the FTC’s
Brundidge, both of Brundidge, Alabama. Financial Practices, Bureau of Consumer previously-cleared PRA burden
In connection with this proposal, Protection, Federal Trade Commission,
Henderson’s parent company, Trust 600 Pennsylvania Ave. NW, 1 12 CFR 1002 (Reg. B) (76 FR 79442, Dec. 21,
Number 3 under the Will of Charles Washington, DC 20580, (202) 326–3224. 2011) (81 FR 25323, Apr. 28, 2016); 12 CFR 1005
Henderson, Troy, Alabama, will SUPPLEMENTARY INFORMATION: The four
(Reg. E) (76 FR 81020, Dec. 27, 2011); (81 FR 25323,
indirectly acquire First Brundidge Apr. 28, 2016) 12 CFR 1013 (Reg. M) (76 FR 78500,
regulations covered by this notice are: Dec. 19, 2011) (81 FR 25323, Apr. 28, 2016); 12 CFR
Bancshares, Inc. and First National Bank (1) Regulations promulgated under 1026 (Reg. Z) (76 FR 79768, Dec. 22, 2011) (81 FR
of Brundidge both of Brundidge, the Equal Credit Opportunity Act, 15 25323, Apr. 28, 2016).
Alabama. U.S.C. 1691 et seq. (‘‘ECOA’’) 2 Generally, these are dealers ‘‘predominantly
engaged in the sale and servicing of motor vehicles,
Board of Governors of the Federal Reserve (‘‘Regulation B’’) (OMB Control Number: the leasing and servicing of motor vehicles, or
System, March 29, 2018. 3084–0087); both.’’ See Dodd-Frank Act, § 1029(a), –(c).
Ann Misback, (2) Regulations promulgated under 3 See Dodd-Frank Act, § 1075 (these requirements
Secretary of the Board. the Electronic Fund Transfer Act, 15 are implemented through Board Regulation II, 12
U.S.C. 1693 et seq. (‘‘EFTA’’) CFR 235, rather than EFTA’s implementing
[FR Doc. 2018–06731 Filed 4–2–18; 8:45 am]
Regulation E).
BILLING CODE P
(‘‘Regulation E’’) (OMB Control Number: 4 The FTC’s enforcement authority includes state-
3084–0085); chartered credit unions; other federal agencies also
(3) Regulations promulgated under have various enforcement authority over credit
FEDERAL TRADE COMMISSION the Consumer Leasing Act, 15 U.S.C. unions. For example, for large credit unions
1667 et seq. (‘‘CLA’’) (‘‘Regulation M’’) (exceeding $10 billion in assets), the CFPB has
certain authority. The National Credit Union
Agency Information Collection (OMB Control Number: 3084–0086); and Administration also has certain authority for state-
Activities; Proposed Collection; (4) Regulations promulgated under chartered federally insured credit unions, and it
Comment Request; Extension the Truth-In-Lending Act, 15 U.S.C. additionally provides insurance for certain state-
1601 et seq. (‘‘TILA’’) (‘‘Regulation Z’’) chartered credit unions through the National Credit
AGENCY: Federal Trade Commission Union Share Insurance Fund and examines credit
(OMB Control Number: 3084–0088). unions for various purposes. There are
(‘‘FTC’’ or ‘‘Commission’’). The FTC enforces these statutes as to approximately three state-chartered credit unions
ACTION: Notice. all businesses engaged in conduct these exceeding $10 billion in assets, and the CFPB
laws cover unless these businesses assumes PRA burden for those entities. As of the
SUMMARY: The FTC intends to ask the (such as federally chartered or insured third quarter of 2017, there were approximately the
Office of Management and Budget following number of state-chartered credit unions:
depository institutions) are subject to 2,347 state-chartered credit unions—2,106 federally
(‘‘OMB’’) to extend for an additional the regulatory authority of another insured, 125 privately insured, and 116 in Puerto
three years the current Paperwork federal agency. Rico insured by a quasi-governmental entity.
Reduction Act (‘‘PRA’’) clearance for the Under the Dodd-Frank Wall Street Because of the difficulty in parsing out PRA burden
for such entities in view of the overlapping
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FTC’s enforcement of the information Reform and Consumer Protection Act authority, the FTC’s figures include PRA burden for
collection requirements in four (‘‘Dodd-Frank Act’’), Public Law 111– all state-chartered credit unions (rounded to 2,300).
consumer financial regulations enforced 203, 124 Stat. 1376 (2010), almost all As noted above, the CFPB’s figures as to state
by the Commission. Those clearances rulemaking authority for the ECOA, chartered credit unions include burden for those
expire on July 31, 2018. entities exceeding $10 billion in assets
EFTA, CLA, and TILA transferred from (approximately 3 entities). See generally Dodd-
DATES: Comments must be filed by June the Board of Governors of the Federal Frank Act, §§ 1061, 1025, 1026. This attribution
4, 2018. Reserve System (Board) to the Consumer does not change actual enforcement authority.
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Document Created: 2018-04-03 00:50:35
Document Modified: 2018-04-03 00:50:35
| 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 | 83 FR 14272 |
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