83 FR 2987 - Formations of, Acquisitions by, and Mergers of Savings and Loan Holding Companies

FEDERAL RESERVE SYSTEM

Federal Register Volume 83, Issue 14 (January 22, 2018)

Page Range		2987-2988
FR Document		2018-00947

Federal Register, Volume 83 Issue 14 (Monday, January 22, 2018)

[Federal Register Volume 83, Number 14 (Monday, January 22, 2018)]
[Notices]
[Pages 2987-2988]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-00947]


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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

[[Page 2988]]

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 February 15, 2018.
    A. Federal Reserve Bank of Philadelphia (William Spaniel, Senior 
Vice President) 100 North 6th Street, Philadelphia, Pennsylvania 19105-
1521. Comments can also be sent electronically to 
[email protected]:

    1. William Penn Mutual Holding Company and William Penn Bancorp, 
Levittown, Pennsylvania; to acquire voting shares of Audubon Savings 
Bank, Audubon, New Jersey, and thereby merge it with William Penn Bank, 
Levittown, Pennsylvania.

    Board of Governors of the Federal Reserve System, January 16, 
2018.
Ann E. Misback,
Secretary of the Board.
[FR Doc. 2018-00947 Filed 1-19-18; 8:45 am]
 BILLING CODE P

Federal Register / Vol. 83, No. 14 / Monday, January 22, 2018 / Notices 2987

form and instructions for the FR Y–7N Number of respondents: Banking: Current actions: On July 18, 2017, the
to eliminate the concept of Edge and agreement corporations Board published a notice in the Federal
extraordinary items to be consistent (quarterly): 7; Banking: Edge and Register (82 FR 32812) requesting
with Accounting Standards Update agreement corporations (annually): 1; public comment for 60 days on the
(ASU) 2015–01, reclassify and clarify Investment: Edge and agreement proposal to extend with revision the FR
the reporting for certain tax benefits, corporations (quarterly): 24; Investment: Y–9C, FR Y–9LP, FR Y–7N, and FR
and replace report form captions and Edge and agreement corporations 2886b; and to extend without revision
instructions referencing ‘‘Loans net of (annually): 9. the FR Y–9ES, FR Y–9CS, FR Y–7NS,
unearned income’’ with ‘‘Loans held for General description of report: The FR and FR Y–7Q. The comment period
investment.’’ 2886b reporting form is filed quarterly expired on September 18, 2017. The
Effective Date: March 31, 2018. and annually by banking Edge and Board received one comment from a
Legal authorization and agreement corporations and investment banking association that, while
confidentiality: The FR Y–7N, FR Y– (nonbanking) Edge and agreement expressing support for the FR Y–9C
7NS, and FR Y–7Q are authorized by corporations (collectively, ‘‘Edges or proposed changes, urged the Board to
section 5(c) of the Bank Holding Edge corporations’’). The mandatory FR have the FR Y–9C revisions
Company Act (12 U.S.C. 1844(c)) and 2886b comprises an income statement incorporated into the March 31, 2018,
sections 8(c) and 13 of the International with two schedules reconciling changes report date (rather than the September
Banking Act (12 U.S.C. 3106(c) and in capital and reserve accounts and a 30, 2017, report date) to harmonize the
3108). Section 165 of the Dodd-Frank balance sheet with 11 supporting proposed changes with the proposed
Act (12 U.S.C. 5365) directs the Board schedules. Other than examination changes to the Call Reports. The Board
to establish enhanced prudential reports, it provides the only financial has approved, pursuant to authority
standards for certain companies, data available for these corporations. delegated by the OMB, the collections of
including certain FBOs. The obligation The Federal Reserve is solely information as proposed and amended
of covered institutions to report this responsible for authorizing, supervising, (as discussed below).
information is mandatory. Information and assigning ratings to Edges. The Detailed Discussion of Public
disclosed in these reports is collected as Federal Reserve uses the data collected Comments: In response to the
part of the Board’s supervisory process on the FR 2886b to identify present and commenter’s suggestion, the Board
and may be accorded confidential potential problems and monitor and amended the proposal on September 11,
treatment under exemption 8 of the develop a better understanding of 2017 (82 FR 43367), to make the
Freedom of Information Act (FOIA) (5 activities within the industry. proposed changes to the FR Y–9C family
U.S.C. 552(b)(8)), but information that is Proposed revisions: The Federal of reports, the FR Y–7N family of
required to be disclosed publicly is Reserve proposes to revise the report reports, and the FR 2886b report
generally not considered confidential. form and instructions to eliminate the effective with the reports reflecting the
However, individual respondents may concept of extraordinary items to be March 31, 2018, report date. This
request that certain data be protected consistent with Accounting Standards effective date should give institutions
pursuant to Exemptions 4 and 6 (5 Update (ASU) 2015–01, reclassify and ample time to prepare for the revisions
U.S.C. 552(b)(4) and (6)) of FOIA, where clarify the reporting for certain tax and would minimize burden by
such data relates to trade secrets and benefits in the reporting instructions, allowing institutions to prepare their
financial information, or to personal and replace report form captions and systems once for these changes and any
information, respectively. The instructions referencing ‘‘Loans net of future burden-reducing changes targeted
applicability of these exemptions would unearned income’’ with ‘‘Loans held for for that report date. The comment
have to be determined on a case-by-case investment.’’ These changes would be period for the proposal expired on
basis. effective for reports reflecting the March September 18, 2017. The Board did not
3. Report title: Consolidated Report of 31, 2018, report date. receive any additional comments. The
Condition and Income for Edge and Effective Date: March 31, 2018. revisions will be implemented as
Agreement Corporations. Legal authorization and proposed and amended on September
Agency form number: FR 2886b. confidentiality: Sections 25 and 25A of 11, 2017.
OMB control number: 7100–0086. the Federal Reserve Act authorize the
Federal Reserve to collect the FR 2886b Board of Governors of the Federal Reserve
Frequency: Quarterly. System, January 17, 2018.
Reporters: Banking Edge and (12 U.S.C. 602, 625). The obligation to
report this information is mandatory. Ann E. Misback,
agreement corporations and investment
The information collected on the FR Secretary of the Board.
(nonbanking) Edge and agreement
corporations. 2886b is generally not considered [FR Doc. 2018–01056 Filed 1–19–18; 8:45 am]
Estimated annual reporting hours: confidential, but certain data may be BILLING CODE 6210–01–P
Banking: Edge and agreement exempt from disclosure pursuant to
corporations (quarterly): 424; Banking: exemption (b)(4) and (b)(7)(C) of the
Edge and agreement corporations Freedom of Information Act, (5 U.S.C. FEDERAL RESERVE SYSTEM
(annually): 15; Investment: Edge and 552(b)(4) and (b)(7)(C)). The information
Formations of, Acquisitions by, and
agreement corporations (quarterly): 922; exempt from disclosure pursuant to
Mergers of Savings and Loan Holding
Investment: Edge and agreement (b)(4) consists of information provided
Companies
corporations (annually): 86. on Schedule RC–M (with the exception
Estimated average hours per response: for item 3) and on Schedule RC–V, both The companies listed in this notice
ethrower on DSK3G9T082PROD with NOTICES

Banking: Edge and agreement of which pertain to claims on and have applied to the Board for approval,
corporations (quarterly): 15.15; Banking: liabilities to related organizations. The pursuant to the Home Owners’ Loan Act
Edge and agreement corporations information exempt from disclosure (12 U.S.C. 1461 et seq.) (HOLA),
(annually): 15.15; Investment: Edge and pursuant to exemption (b)(7)(C) is Regulation LL (12 CFR part 238), and
agreement corporations (quarterly): 9.6; information provided in the Patriot Act Regulation MM (12 CFR part 239), and
Investment: Edge and agreement Contact Information section of the all other applicable statutes and
corporations (annually): 9.6. reporting form. regulations to become a savings and

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2988 Federal Register / Vol. 83, No. 14 / Monday, January 22, 2018 / Notices

loan holding company and/or to acquire bank holding company and all of the Closed Session
the assets or the ownership of, control banks and nonbanking companies Information covered under 5 U.S.C.
of, or the power to vote shares of a owned by the bank holding company, 552b (c)(4) and (c)(9)(B).
savings association and nonbanking including the companies listed below.
CONTACT PERSON FOR MORE INFORMATION:
companies owned by the savings and The applications listed below, as well
loan holding company, including the as other related filings required by the Kimberly Weaver, Director, Office of
companies listed below. Board, are available for immediate External Affairs, (202) 942–1640.
The applications listed below, as well inspection at the Federal Reserve Bank Dated: January 16, 2018.
as other related filings required by the indicated. The applications will also be Kimberly Weaver,
Board, are available for immediate available for inspection at the offices of Director, Office of External Affairs.
inspection at the Federal Reserve Bank the Board of Governors. Interested Megan Grumbine,
indicated. The application also will be persons may express their views in General Counsel, Federal Retirement Thrift
available for inspection at the offices of writing on the standards enumerated in Investment Board.
the Board of Governors. Interested the BHC Act (12 U.S.C. 1842(c)). If the [FR Doc. 2018–01050 Filed 1–19–18; 8:45 am]
persons may express their views in proposal also involves the acquisition of BILLING CODE P
writing on the standards enumerated in a nonbanking company, the review also
the HOLA (12 U.S.C. 1467a(e)). If the includes whether the acquisition of the
proposal also involves the acquisition of nonbanking company complies with the
a nonbanking company, the review also FEDERAL TRADE COMMISSION
standards in section 4 of the BHC Act
includes whether the acquisition of the (12 U.S.C. 1843). Unless otherwise Agency Information Collection
nonbanking company complies with the noted, nonbanking activities will be
standards in section 10(c)(4)(B) of the Activities; Proposed Collection;
conducted throughout the United States. Comment Request
HOLA (12 U.S.C. 1467a(c)(4)(B)). Unless Unless otherwise noted, comments
otherwise noted, nonbanking activities regarding each of these applications AGENCY: Federal Trade Commission
will be conducted throughout the must be received at the Reserve Bank (FTC or Commission).
United States. indicated or the offices of the Board of ACTION: Notice.
Unless otherwise noted, comments Governors not later than February 14,
regarding each of these applications 2018. SUMMARY: The information collection
must be received at the Reserve Bank A. Federal Reserve Bank of Dallas requirements described below will be
indicated or the offices of the Board of (Robert L. Triplett III, Senior Vice submitted to the Office of Management
Governors not later than February 15, President) 2200 North Pearl Street, and Budget (OMB) for review, as
2018. Dallas, Texas 75201–2272: required by the Paperwork Reduction
A. Federal Reserve Bank of 1. Independent Bank Group, Inc., Act (PRA). The FTC seeks public
Philadelphia (William Spaniel, Senior McKinney, Texas; to acquire 100 percent comments on its proposal to extend for
Vice President) 100 North 6th Street, of the voting shares of Integrity three years the current PRA clearance
Philadelphia, Pennsylvania 19105– Bancshares, Inc., and indirectly acquire for information collection requirements
1521. Comments can also shares of Integrity Bank, SSB, both of pertaining to the Commission’s
be sent electronically to Houston, Texas. administrative activities. That clearance
Comments.applications@phil.frb.org: expires on April 30, 2018, and consists
Board of Governors of the Federal Reserve
1. William Penn Mutual Holding of: (a) Applications to the Commission,
System, January 16, 2018.
Company and William Penn Bancorp, including applications and notices
Ann E. Misback,
Levittown, Pennsylvania; to acquire contained in the Commission’s Rules of
voting shares of Audubon Savings Bank, Secretary of the Board.
Practice (primarily Parts I, II, and IV);
Audubon, New Jersey, and thereby [FR Doc. 2018–00948 Filed 1–19–18; 8:45 am]
(b) the FTC’s consumer complaint
merge it with William Penn Bank, BILLING CODE P
systems; and (c) the FTC’s program
Levittown, Pennsylvania. evaluation activities.
Board of Governors of the Federal Reserve DATES: Comments must be received on
System, January 16, 2018. FEDERAL RETIREMENT THRIFT
or before March 23, 2018.
Ann E. Misback, INVESTMENT
ADDRESSES: Interested parties may file a
Secretary of the Board. comment online or on paper by
Board Member Meeting
[FR Doc. 2018–00947 Filed 1–19–18; 8:45 am] following the instructions in the
BILLING CODE P 77 K Street NE, 10th Floor, Washington, DC Request for Comments part of the
20002, January 22, 2018, 8:30 a.m. (In- SUPPLEMENTARY INFORMATION section
Person)
below. Write ‘‘Paperwork Reduction
FEDERAL RESERVE SYSTEM Open Session Act: FTC File No. P072108’’ on your
1. Approval of the minutes for the comment, and file your comment online
Formations of, Acquisitions by, and
December 18, 2017 Board Meeting at https://ftcpublic.commentworks.com/
Mergers of Bank Holding Companies
2. Monthly Reports ftc/adminactivitiespra by following the
The companies listed in this notice (a) Participant Activity Report instructions on the web-based form. If
have applied to the Board for approval, (b) Legislative Report you prefer to file your comment on
pursuant to the Bank Holding Company 3. Quarterly Reports paper, mail your comment to the
ethrower on DSK3G9T082PROD with NOTICES

Act of 1956 (12 U.S.C. 1841 et seq.) (c) Investment Policy following address: Federal Trade
(BHC Act), Regulation Y (12 CFR part (d) Budget Review Commission, Office of the Secretary,
225), and all other applicable statutes (e) Audit Status 600 Pennsylvania Avenue NW, Suite
and regulations to become a bank 4. IT Update CC–5610 (Annex J), Washington, DC
holding company and/or to acquire the 5. Annual Expense Ratio Review 20580, or deliver your comment to the
assets or the ownership of, control of, or 6. Blended Retirement Update following address: Federal Trade
the power to vote shares of a bank or 7. Vendor Financials Commission, Office of the Secretary,

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Document Created: 2018-01-23 21:35:40
Document Modified: 2018-01-23 21:35:40

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 2987