83 FR 4047 - Notice of Proposals To Engage in or To Acquire Companies Engaged in Permissible Nonbanking Activities

FEDERAL RESERVE SYSTEM

Federal Register Volume 83, Issue 19 (January 29, 2018)

Page Range		4047-4047
FR Document		2018-01624

Federal Register, Volume 83 Issue 19 (Monday, January 29, 2018)

[Federal Register Volume 83, Number 19 (Monday, January 29, 2018)]
[Notices]
[Page 4047]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-01624]


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FEDERAL RESERVE SYSTEM


Notice of Proposals To Engage in or To Acquire Companies Engaged 
in Permissible Nonbanking Activities

    The companies listed in this notice have given notice under section 
4 of the Bank Holding Company Act (12 U.S.C. 1843) (BHC Act) and 
Regulation Y, (12 CFR part 225) to engage de novo, or to acquire or 
control voting securities or assets of a company, including the 
companies listed below, that engages either directly or through a 
subsidiary or other company, in a nonbanking activity that is listed in 
Sec.  225.28 of Regulation Y (12 CFR 225.28) or that the Board has 
determined by Order to be closely related to banking and permissible 
for bank holding companies. Unless otherwise noted, these activities 
will be conducted throughout the United States.
    Each notice is available for inspection at the Federal Reserve Bank 
indicated. The notice also will be available for inspection at the 
offices of the Board of Governors. Interested persons may express their 
views in writing on the question whether the proposal complies with the 
standards of section 4 of the BHC Act.
    Unless otherwise noted, comments regarding the applications must be 
received at the Reserve Bank indicated or the offices of the Board of 
Governors not later than February 23, 2018.
    A. Federal Reserve Bank of Richmond (Adam M. Drimer, Assistant Vice 
President) 701 East Byrd Street, Richmond, Virginia 23261-4528. 
Comments can also be sent electronically to 
Comments.applications@rich.frb.org:
    1. Old Line Bancshares, Inc., Bowie, Maryland; to acquire 100 
percent of the voting shares of Bay Bancorp, Inc., Columbia, Maryland, 
and thereby indirectly acquire Bay Bank, FSB, Columbia, Maryland, and 
thereby engage in operating a savings association, pursuant to section 
225.28(b)(4)(ii) of Regulation Y.

    Board of Governors of the Federal Reserve System, January 24, 
2018.
Ann E. Misback,
Secretary of the Board.
[FR Doc. 2018-01624 Filed 1-26-18; 8:45 am]
 BILLING CODE P

Federal Register / Vol. 83, No. 19 / Monday, January 29, 2018 / Notices 4047

AMC must report to the State or States Estimated Total Annual Burden: received at the Reserve Bank indicated
in which it operates the reporting 1,875 hours. or the offices of the Board of Governors
requirements established by the ASC.7 Comments submitted in response to not later than February 23, 2018.
This proposal is being issued pursuant this notice will be summarized, A. Federal Reserve Bank of Richmond
to these requirements. included in the request for OMB (Adam M. Drimer, Assistant Vice
Title: Reporting information for the approval, and become a matter of public President) 701 East Byrd Street,
AMC Registry. record. Comments are invited on: Richmond, Virginia 23261–4528.
OMB Number: New Collection. (a) Whether the collection of Comments can also be sent
Description: The Dodd-Frank Act information is necessary for the proper electronically to
requires the ASC to maintain the AMC performance of the functions of the Comments.applications@rich.frb.org:
Registry of those AMCs that are either: agency, including whether the 1. Old Line Bancshares, Inc., Bowie,
(1) Registered with and subject to information shall have practical utility; Maryland; to acquire 100 percent of the
supervision by a State that has elected (b) The accuracy of the agency’s
voting shares of Bay Bancorp, Inc.,
to register and supervise AMCs; or (2) estimate of the burden of the collection
Columbia, Maryland, and thereby
are Federally regulated AMCs. In order of information;
(c) Ways to enhance the quality, indirectly acquire Bay Bank, FSB,
for a State that elects to register and Columbia, Maryland, and thereby
supervise AMCs to enter an AMC on the utility, and clarity of the information to
be collected; engage in operating a savings
AMC Registry, the following items are association, pursuant to section
proposed to be required entries by the (d) Ways to minimize the burden of
the collection on respondents, including 225.28(b)(4)(ii) of Regulation Y.
State via extranet application on the
AMC Registry: through the use of automated collection Board of Governors of the Federal Reserve
techniques or other forms of information System, January 24, 2018.
State Abbreviation technology; and Ann E. Misback,
State Registration Number for AMC (e) Estimates of capital or start-up Secretary of the Board.
Employer Identification Number (EIN) costs and costs of operation,
AMC Name [FR Doc. 2018–01624 Filed 1–26–18; 8:45 am]
maintenance, and purchase of services
Street Address to provide information.
BILLING CODE P
City
State By the Appraisal Subcommittee.
Zip Dated: January 19, 2018. FEDERAL RESERVE SYSTEM
License or Registration Status Arthur Lindo,
Effective Date Formations of, Acquisitions by, and
Chairman.
Expiration Date Mergers of Bank Holding Companies
[FR Doc. 2018–01571 Filed 1–26–18; 8:45 am]
AMC Type (State or multi-State) BILLING CODE 6700–01–P The companies listed in this notice
Disciplinary Action
have applied to the Board for approval,
Effective Date
Expiration Date pursuant to the Bank Holding Company
Number of Appraisers (for invoicing FEDERAL RESERVE SYSTEM Act of 1956 (12 U.S.C. 1841 et seq.)
registry fee) (BHC Act), Regulation Y (12 CFR part
Notice of Proposals To Engage in or 225), and all other applicable statutes
States listing AMCs on the AMC To Acquire Companies Engaged in and regulations to become a bank
Registry will enter the above Permissible Nonbanking Activities holding company and/or to acquire the
information for each AMC for the initial
The companies listed in this notice assets or the ownership of, control of, or
entry only. After the initial entry, the
have given notice under section 4 of the the power to vote shares of a bank or
information is retained on the AMC
Bank Holding Company Act (12 U.S.C. bank holding company and all of the
Registry, and will only need to be
1843) (BHC Act) and Regulation Y, (12 banks and nonbanking companies
amended if necessary by the State. The
CFR part 225) to engage de novo, or to owned by the bank holding company,
estimate for burden assumes that 50
acquire or control voting securities or including the companies listed below.
States will elect to supervise and
assets of a company, including the The applications listed below, as well
register AMCs, and that the average
companies listed below, that engages as other related filings required by the
number of AMCs in a State will be 150.
either directly or through a subsidiary or Board, are available for immediate
This estimate is based on information
other company, in a nonbanking activity inspection at the Federal Reserve Bank
currently available, and will be high for
that is listed in § 225.28 of Regulation Y indicated. The applications will also be
some States, and low for other States.
(12 CFR 225.28) or that the Board has available for inspection at the offices of
The initial entry by a State on a single
determined by Order to be closely the Board of Governors. Interested
AMC is estimated to take 15 minutes.
related to banking and permissible for persons may express their views in
Subsequent entries to amend
bank holding companies. Unless writing on the standards enumerated in
information on an AMC, annually or
otherwise noted, these activities will be the BHC Act (12 U.S.C. 1842(c)). If the
periodically, are estimated to be
conducted throughout the United States. proposal also involves the acquisition of
negligible.
Type of Review: Regular. Each notice is available for inspection a nonbanking company, the review also
Affected Public: States. at the Federal Reserve Bank indicated. includes whether the acquisition of the
Estimated Number of Respondents: 50 The notice also will be available for nonbanking company complies with the
standards in section 4 of the BHC Act
sradovich on DSK3GMQ082PROD with NOTICES

States. inspection at the offices of the Board of
Estimated Burden per Response: 15 Governors. Interested persons may (12 U.S.C. 1843). Unless otherwise
minutes. express their views in writing on the noted, nonbanking activities will be
Frequency of Response: Annually and question whether the proposal complies conducted throughout the United States.
on occasion. with the standards of section 4 of the Unless otherwise noted, comments
BHC Act. regarding each of these applications
7 See 12 CFR 34.215(c); 12 CFR 225.195(c); 12 Unless otherwise noted, comments must be received at the Reserve Bank
CFR 323.13(c); 12 CFR 1222.25(c). regarding the applications must be indicated or the offices of the Board of

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Document Created: 2018-01-27 00:57:29
Document Modified: 2018-01-27 00:57:29

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 4047