83 FR 28641 - Formations of, Acquisitions by, and Mergers of Savings and Loan Holding Companies

FEDERAL RESERVE SYSTEM

Federal Register Volume 83, Issue 119 (June 20, 2018)

Page Range		28641-28642
FR Document		2018-13158

Federal Register, Volume 83 Issue 119 (Wednesday, June 20, 2018)

[Federal Register Volume 83, Number 119 (Wednesday, June 20, 2018)]
[Notices]
[Pages 28641-28642]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-13158]


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FEDERAL RESERVE SYSTEM


Formations of, Acquisitions by, and Mergers of Savings and Loan 
Holding Companies

    The companies listed in this notice have applied to the Board for 
approval, pursuant to the Home Owners' Loan Act (12 U.S.C. 1461 et 
seq.) (HOLA), Regulation LL (12 CFR part 238), and Regulation MM (12 
CFR part 239), and all other applicable statutes and regulations to 
become a savings and loan holding company and/or to acquire the assets 
or the ownership of, control of, or the power to vote shares of a 
savings association and nonbanking companies owned by the savings and 
loan 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 application also will 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 HOLA (12 U.S.C. 1467a(e)). 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 10(c)(4)(B) of the HOLA (12 U.S.C. 1467a(c)(4)(B)). 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 July 16, 2018.
    A. Federal Reserve Bank of Philadelphia (William Spaniel, Senior 
Vice President) 100 North 6th Street, Philadelphia, Pennsylvania 19105-

[[Page 28642]]

1521. Comments can also be sent electronically to 
[email protected]:
    1. Seneca Falls Savings Bank MHC and Seneca-Cayuga Bancorp, Inc., 
both of Seneca Falls, New York; to acquire voting shares of Medina 
Savings and Loan Association, Medina, New York, through the merger of 
Medina Savings and Loan Association with and into Generations Bank, 
Seneca Falls, New York.

    Board of Governors of the Federal Reserve System, June 14, 2018.
Ann Misback,
Secretary of the Board.
[FR Doc. 2018-13158 Filed 6-19-18; 8:45 am]
 BILLING CODE P

Federal Register / Vol. 83, No. 119 / Wednesday, June 20, 2018 / Notices 28641

adopting a proposal to extend for three depository affiliates of such state calculation. Specifically, the Board
years, with revision, the Recordkeeping member banks; and non-depository proposes to estimate disclosure burden
and Disclosure Requirements affiliates of bank holding companies using the estimated average number of
Associated with Consumer Financial that are not affiliated with an insured lease contracts each Board-supervised
Protection Bureau’s (CFPB) Regulation depository institution with assets over institution initiates annually, assuming
M (Consumer Leasing) (FR M; OMB No. $10 billion. it takes approximately 6.5 minutes to
7100–0202). Estimated number of respondents: 5. populate and provide each disclosure.
FOR FURTHER INFORMATION CONTACT:
Estimated average hours per response: The comment period for this notice
Federal Reserve Board Clearance Disclosures, 6.5 minutes; and expired on June 4, 2018. The Board did
Officer—Nuha Elmaghrabi—Office of advertising, 25 minutes. not receive any comments. The
Estimated annual burden hours: revisions will be implemented as
the Chief Data Officer, Board of
Disclosures, 250 hours; and advertising, proposed.
Governors of the Federal Reserve
8 hours.
System, Washington, DC 20551 (202) General description of report: The Board of Governors of the Federal Reserve
452–3829. Telecommunications Device System, June 14, 2018.
Consumer Leasing Act (CLA) and
for the Deaf (TDD) users may contact Regulation M require lessors uniformly Michele Taylor Fennell,
(202) 263–4869, Board of Governors of to disclose to consumers the costs, Assistant Secretary of the Board.
the Federal Reserve System, liabilities, and terms of consumer lease [FR Doc. 2018–13173 Filed 6–19–18; 8:45 am]
Washington, DC 20551. transactions. Disclosures are provided to BILLING CODE 6210–01–P
OMB Desk Officer—Shagufta consumers before they enter into lease
Ahmed—Office of Information and transactions and in advertisements that
Regulatory Affairs, Office of state the availability of consumer leases FEDERAL RESERVE SYSTEM
Management and Budget, New on particular terms. The regulation
Executive Office Building, Room 10235, Formations of, Acquisitions by, and
generally applies to consumer leases of
725 17th Street NW, Washington, DC Mergers of Savings and Loan Holding
personal property in which the
20503 or by fax to (202) 395–6974. Companies
contractual obligation does not exceed
SUPPLEMENTARY INFORMATION: On June $50,000, adjusted annually for inflation, The companies listed in this notice
15, 1984, the Office of Management and and has a term of more than four have applied to the Board for approval,
Budget (OMB) delegated to the Board months.1 The CLA does not provide pursuant to the Home Owners’ Loan Act
authority under the Paperwork exemptions for small entities. (12 U.S.C. 1461 et seq.) (HOLA),
Reduction Act (PRA) to approve of and Legal authorization and Regulation LL (12 CFR part 238), and
assign OMB control numbers to confidentiality: The Board’s Legal Regulation MM (12 CFR part 239), and
collection of information requests and Division has determined that sections all other applicable statutes and
requirements conducted or sponsored 105(a) and 187 of the Truth in Lending regulations to become a savings and
by the Board. Board-approved Act (15 U.S.C. 1604(a) and 1667(f)), loan holding company and/or to acquire
collections of information are authorize the CFPB to issue regulations the assets or the ownership of, control
incorporated into the official OMB to carry out the provisions of the CLA. of, or the power to vote shares of a
inventory of currently approved The CFPB’s Regulation M, 12 CFR part savings association and nonbanking
collections of information. Copies of the 1013, implements these statutory companies owned by the savings and
Paperwork Reduction Act Submission, provisions. An institution’s loan holding company, including the
supporting statements and approved recordkeeping and disclosure companies listed below.
collection of information instrument(s) obligations under Regulation M are The applications listed below, as well
are placed into OMB’s public docket mandatory. Because the Board does not as other related filings required by the
files. The Board may not conduct or collect any information pursuant to the Board, are available for immediate
sponsor, and the respondent is not CFPB’s Regulation M, no issue of inspection at the Federal Reserve Bank
required to respond to, an information confidentiality normally arises. In the indicated. The application also will be
collection that has been extended, event the Board were to retain available for inspection at the offices of
revised, or implemented on or after information regarding consumer leases the Board of Governors. Interested
October 1, 1995, unless it displays a during the course of an examination, the persons may express their views in
currently valid OMB control number. information regarding the consumer and writing on the standards enumerated in
Final approval under OMB delegated the lease would be kept confidential the HOLA (12 U.S.C. 1467a(e)). If the
authority of the extension for three pursuant to section (b)(8) of the proposal also involves the acquisition of
years, with revision, of the following Freedom of Information Act (5 U.S.C. a nonbanking company, the review also
report: 522 (b)(8)). includes whether the acquisition of the
Report title: Recordkeeping and Current actions: On April 5, 2018, the nonbanking company complies with the
Disclosure Requirements Associated Board published a notice in the Federal standards in section 10(c)(4)(B) of the
with Consumer Financial Protection Register (83 FR 14639) requesting HOLA (12 U.S.C. 1467a(c)(4)(B)). Unless
Bureau’s (CFPB) Regulation M public comment for 60 days on the otherwise noted, nonbanking activities
(Consumer Leasing). extension, with revision, of the will be conducted throughout the
Agency form number: FR M. Recordkeeping and Disclosure United States.
OMB control number: 7100–0202. Requirements Associated with the Unless otherwise noted, comments
Frequency: Disclosures, 461 times per
sradovich on DSK3GMQ082PROD with NOTICES

Consumer Financial Protection Bureau’s regarding each of these applications
year; and Advertising, quarterly. (CFPB) Regulation M (Consumer must be received at the Reserve Bank
Respondents: State member banks Leasing). The Board proposes to revise indicated or the offices of the Board of
with assets of $10 billion or less that are the methodology for estimating burden Governors not later than July 16, 2018.
not affiliated with an insured depository for disclosures to provide additional A. Federal Reserve Bank of
institution with assets over $10 billion clarity and transparency into the Philadelphia (William Spaniel, Senior
(irrespective of the consolidated assets Vice President) 100 North 6th Street,
of any holding company); non- 1 For 2018, the Regulation M threshold is $55,800. Philadelphia, Pennsylvania 19105–

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28642 Federal Register / Vol. 83, No. 119 / Wednesday, June 20, 2018 / Notices

1521. Comments can also be sent standards in section 4 of the BHC Act Closed Session
electronically to (12 U.S.C. 1843). Unless otherwise
Information covered under 5 U.S.C.
Comments.applications@phil.frb.org: noted, nonbanking activities will be
552b(c)(4), (c)(9)(B).
1. Seneca Falls Savings Bank MHC conducted throughout the United States.
and Seneca-Cayuga Bancorp, Inc., both Unless otherwise noted, comments CONTACT PERSON FOR MORE INFORMATION:
of Seneca Falls, New York; to acquire regarding each of these applications Kimberly Weaver, Director, Office of
voting shares of Medina Savings and must be received at the Reserve Bank External Affairs, (202) 942–1640.
Loan Association, Medina, New York, indicated or the offices of the Board of Dated: June 18, 2018.
through the merger of Medina Savings Governors not later than July 16, 2018. Dharmesh Vashee,
and Loan Association with and into A. Federal Reserve Bank of Cleveland Deputy General Counsel, Federal Retirement
Generations Bank, Seneca Falls, New (Nadine Wallman, Vice President) 1455 Thrift Investment Board.
York. East Sixth Street, Cleveland, Ohio [FR Doc. 2018–13381 Filed 6–18–18; 4:15 pm]
Board of Governors of the Federal Reserve 44101–2566. Comments can also be sent BILLING CODE 6760–01–P
System, June 14, 2018. electronically to
Ann Misback, Comments.applications@clev.frb.org:
Secretary of the Board.
1. Fifth Third Bancorp, Cincinnati,
Ohio, and its wholly owned banking FEDERAL TRADE COMMISSION
[FR Doc. 2018–13158 Filed 6–19–18; 8:45 am]
holding company subsidiary, Fifth Third
BILLING CODE P
Financial Corporation, Cincinnati, Ohio; Granting of Requests for Early
to acquire MB Financial, Inc., Chicago, Termination of the Waiting Period
Illinois, and thereby indirectly acquire Under the Premerger Notification
FEDERAL RESERVE SYSTEM
shares of MB Financial Bank, National Rules
Formations of, Acquisitions by, and Association, Chicago, Illinois.
Section 7A of the Clayton Act, 15
Mergers of Bank Holding Companies Board of Governors of the Federal Reserve
U.S.C. 18a, as added by Title II of the
System, June 14, 2018.
The companies listed in this notice Hart-Scott-Rodino Antitrust
Ann Misback,
have applied to the Board for approval, Improvements Act of 1976, requires
Secretary of the Board. persons contemplating certain mergers
pursuant to the Bank Holding Company
Act of 1956 (12 U.S.C. 1841 et seq.) [FR Doc. 2018–13157 Filed 6–19–18; 8:45 am] or acquisitions to give the Federal Trade
(BHC Act), Regulation Y (12 CFR part BILLING CODE P Commission and the Assistant Attorney
225), and all other applicable statutes General advance notice and to wait
and regulations to become a bank designated periods before
holding company and/or to acquire the FEDERAL RETIREMENT THRIFT consummation of such plans. Section
assets or the ownership of, control of, or INVESTMENT BOARD 7A(b)(2) of the Act permits the agencies,
the power to vote shares of a bank or in individual cases, to terminate this
bank holding company and all of the Sunshine Act; Notice of Board Member waiting period prior to its expiration
banks and nonbanking companies Meeting and requires that notice of this action be
owned by the bank holding company, Federal Retirement Thrift Investment published in the Federal Register.
including the companies listed below. Board Meeting Agenda June 25, 2018, The following transactions were
The applications listed below, as well In Person, 8:30 a.m. granted early termination—on the dates
as other related filings required by the indicated—of the waiting period
Board, are available for immediate Open Session provided by law and the premerger
inspection at the Federal Reserve Bank 1. Approval of the Minutes for the May notification rules. The listing for each
indicated. The applications will also be 30, 2018 Board Member Meeting transaction includes the transaction
available for inspection at the offices of 2. Monthly Reports number and the parties to the
the Board of Governors. Interested (a) Participant Activity transaction. The grants were made by
persons may express their views in (b) Legislative Report the Federal Trade Commission and the
writing on the standards enumerated in (c) Investment Policy Assistant Attorney General for the
the BHC Act (12 U.S.C. 1842(c)). If the 3. Vendor Financials Antitrust Division of the Department of
proposal also involves the acquisition of 4. FEVS Update Justice. Neither agency intends to take
a nonbanking company, the review also 5. EBSA Audit Report Update any action with respect to these
includes whether the acquisition of the 6. IT Update proposed acquisitions during the
nonbanking company complies with the 7. Strategic Acquisition applicable waiting period.

EARLY TERMINATIONS GRANTED APRIL 1, 2018 THRU APRIL 30, 2018

04/02/2018

20180989 ...... G Webster Capital II–A, L.P.; Richard Taite; Webster Capital II–A, L.P.
20180990 ...... G L Catterton VIII, L.P.; One Rock Capital Partners, LP; L Catterton VIII, L.P.
20180991 ...... G U.S. Silica Holdings, Inc.; Golden Gate Capital Opportunity Fund, L.P.; U.S. Silica Holdings, Inc.
sradovich on DSK3GMQ082PROD with NOTICES

04/03/2018

20180902 ...... G Filtration Group Equity LLC; Summer Street Capital III, L.P.; Filtration Group Equity LLC.
20180925 ...... G Jericho Capital Partners L.P.; Dell Technologies Inc.; Jericho Capital Partners L.P.
20180928 ...... G Splunk Inc.; Phantom Cyber Corporation; Splunk Inc.

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Document Created: 2018-06-20 00:19:35
Document Modified: 2018-06-20 00:19:35

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 28641