30-Day Federal Register Notice

36305

Federal Register / Vol. 81, No. 108 / Monday, June 6, 2016 / Notices
• Quarterly Report on Economic
Conditions and FCS Conditions
• Semi-Annual Report on Office of
Examination Operations

FEDERAL DEPOSIT INSURANCE
CORPORATION
Notice of Termination; 10450, First
Cherokee State Bank, Woodstock,
Georgia

Closed Session*
• Office of Examination Quarterly
Report
* Session Closed-Exempt pursuant to 5
U.S.C. Section 552b(c)(8) and (9).
Dated: June 2, 2016.
Dale L. Aultman,
Secretary, Farm Credit Administration Board.
[FR Doc. 2016–13450 Filed 6–2–16; 4:15 pm]
BILLING CODE 6705–01–P

FEDERAL DEPOSIT INSURANCE
CORPORATION
Notice of Termination; 10418, Central
Florida State Bank, Belleview, Florida
The Federal Deposit Insurance
Corporation (FDIC), as Receiver for
10418, Central Florida State Bank,
Belleview, Florida (Receiver) has been
authorized to take all actions necessary
to terminate the receivership estate of
Central Florida State Bank (Receivership
Estate); The Receiver has made all
dividend distributions required by law.
The Receiver has further irrevocably
authorized and appointed FDICCorporate as its attorney-in-fact to
execute and file any and all documents
that may be required to be executed by
the Receiver which FDIC-Corporate, in
its sole discretion, deems necessary;
including but not limited to releases,
discharges, satisfactions, endorsements,
assignments and deeds. Effective June
01, 2016 the Receivership Estate has
been terminated, the Receiver
discharged, and the Receivership Estate
has ceased to exist as a legal entity.
Dated: June 1, 2016.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2016–13243 Filed 6–3–16; 8:45 am]
BILLING CODE 6714–01–P

The Federal Deposit Insurance
Corporation (FDIC), as Receiver for
10450, First Cherokee State Bank,
Woodstock, Georgia (Receiver) has been
authorized to take all actions necessary
to terminate the receivership estate of
First Cherokee State Bank (Receivership
Estate); The Receiver has made all
dividend distributions required by law.
The Receiver has further irrevocably
authorized and appointed FDICCorporate as its attorney-in-fact to
execute and file any and all documents
that may be required to be executed by
the Receiver which FDIC-Corporate, in
its sole discretion, deems necessary;
including but not limited to releases,
discharges, satisfactions, endorsements,
assignments and deeds.
Effective June 01, 2016 the
Receivership Estate has been
terminated, the Receiver discharged,
and the Receivership Estate has ceased
to exist as a legal entity.
Dated: June 1, 2016.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2016–13244 Filed 6–3–16; 8:45 am]
BILLING CODE 6714–01–P

FEDERAL DEPOSIT INSURANCE
CORPORATION
Agency Information Collection
Activities: Submission for OMB
Review; Comment Request (3064–
0169)
Federal Deposit Insurance
Corporation (FDIC).
ACTION: Notice and request for comment.
AGENCY:

The FDIC, as part of its
continuing effort to reduce paperwork
and respondent burden, invites the
general public and other Federal
agencies to take this opportunity to
comment on the renewal of an existing

SUMMARY:

information collection, as required by
the Paperwork Reduction Act of 1995.
On January 5, 2016, (81 FR 239), the
FDIC requested comment for 60 days on
a proposal to renew the information
collections described below. No
comments were received. The FDIC
hereby gives notice of its plan to submit
to OMB a request to approve the
renewal of these collections, and again
invites comment on this renewal.
DATES: Comments must be submitted on
or before July 6, 2016.
ADDRESSES: Interested parties are
invited to submit written comments to
the FDIC by any of the following
methods:
• http://www.FDIC.gov/regulations/
laws/federal/.
• Email: comments@fdic.gov Include
the name of the collection in the subject
line of the message.
• Mail: Gary A. Kuiper
(202.898.3877), Counsel, Room MB–
3016, or Manny Cabeza, (202.898.3767),
Counsel, Room MB–3105, Federal
Deposit Insurance Corporation, 550 17th
Street NW., Washington, DC 20429.
• Hand Delivery: Comments may be
hand-delivered to the guard station at
the rear of the 17th Street Building
(located on F Street), on business days
between 7:00 a.m. and 5:00 p.m.
All comments should refer to the
relevant OMB control number. A copy
of the comments may also be submitted
to the OMB desk officer for the FDIC:
Office of Information and Regulatory
Affairs, Office of Management and
Budget, New Executive Office Building,
Washington, DC 20503.
FOR FURTHER INFORMATION CONTACT: Gary
A. Kuiper or Manny Cabeza, at the FDIC
address above.
SUPPLEMENTARY INFORMATION:
Proposal to renew the following
currently-approved collections of
information:
1. Title: Qualifications for Failed Bank
Acquisitions.
OMB Number: 3064–0169.
Form Numbers: None.
Affected Public: Private sector,
insured state nonmember banks and
state savings associations.

ESTIMATED BURDEN

sradovich on DSK3TPTVN1PROD with NOTICES

No. of respondents

Average hours
per response

Responses
per year

Total hours

Investor Reports on Affiliates (reporting burden) ............................................
Maintenance of Business Books (record keeping burden) .............................
Disclosures Regarding Investors and Entities in Ownership Chain (reporting
burden) .........................................................................................................

10
3

2
2

12
4

240
24

10

4

4

160

Total Burden Hours ..................................................................................

........................

........................

........................

424

VerDate Sep<11>2014

16:36 Jun 03, 2016

Jkt 238001

PO 00000

Frm 00052

Fmt 4703

Sfmt 4703

E:\FR\FM\06JNN1.SGM

06JNN1

sradovich on DSK3TPTVN1PROD with NOTICES

36306

Federal Register / Vol. 81, No. 108 / Monday, June 6, 2016 / Notices

General Description: Among other
things, the Federal Deposit Insurance
Act (FDIA) sets forth the duties and
responsibilities of the FDIC in providing
for and maintaining a system of deposit
insurance for the nation’s insured
depository institutions and in resolving
troubled insured depository institutions
in a manner that presents the least cost
to the Deposit Insurance Fund. Section
6 of the FDIA sets forth a number of
factors to be considered before an
institution is permitted by the FDIC to
obtain federal deposit insurance. Among
these factors are the financial history of
the institution; the adequacy of the
institution’s capital structure; the
further earnings prospects; the
convenience and needs of the
community; the institution’s corporate
powers, and, not insignificantly, the risk
presented to the Deposit Insurance
Fund. (Similarly, provisions of the
Change in Bank Control Act, found in
section 7 of the FDIA, permit the FDIC—
or another appropriate federal banking
agency—to refuse to permit a proposed
change in bank control if the proposed
transaction would result in an adverse
effect on the Deposit Insurance Fund.)
Section 8 of the FDIA authorizes the
FDIC to assess the safety and soundness
of the practices, operations, and
conditions of insured depository
institutions, and permits the FDIC to
terminate deposit insurance or to take
other appropriate actions if the
institution operates in an unsafe and
unsound manner. Finally, section 13 of
the FDIA authorizes the FDIC to resolve
troubled insured depository institutions
and to dispose of the assets of such
institutions using the method that is
least costly to the Deposit Insurance
Fund, maximizes the return from the
sale of such assets, and minimizes any
loss to the Deposit Insurance Fund.
The FDIC’s policy statement on
Qualifications for Failed Bank
Acquisitions provides guidance to
private capital investors interested in
acquiring or investing in failed insured
depository institutions regarding the
terms and conditions for such
investments or acquisitions. The
information collected pursuant to the
policy statement allows the FDIC to
evaluate, among other things, whether
such investors (and their related
interests) could negatively impact the
Deposit Insurance Fund, increase
resolution costs, or operate in a manner
that conflict with statutory safety and
soundness principles and compliance
requirements.

necessary for the proper performance of
the FDIC’s functions, including whether
the information has practical utility; (b)
the accuracy of the estimates of the
burden of the information collection,
including the validity of the
methodology and assumptions used; (c)
ways to enhance the quality, utility, and
clarity of the information to be
collected; and (d) ways to minimize the
burden of the information collection on
respondents, including through the use
of automated collection techniques or
other forms of information technology.
All comments will become a matter of
public record.
Dated at Washington, DC, this 1st day of
June, 2016.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2016–13235 Filed 6–3–16; 8:45 am]
BILLING CODE 6714–01–P

FEDERAL DEPOSIT INSURANCE
CORPORATION
Notice of Termination; 10287, Bank of
Ellijay, Ellijay, Georgia
The Federal Deposit Insurance
Corporation (FDIC), as Receiver for
10287, Bank of Ellijay, Ellijay, Georgia
(Receiver) has been authorized to take
all actions necessary to terminate the
receivership estate of Bank of Ellijay
(Receivership Estate); The Receiver has
made all dividend distributions
required by law.
The Receiver has further irrevocably
authorized and appointed FDICCorporate as its attorney-in-fact to
execute and file any and all documents
that may be required to be executed by
the Receiver which FDIC-Corporate, in
its sole discretion, deems necessary;
including but not limited to releases,
discharges, satisfactions, endorsements,
assignments and deeds. Effective June
01, 2016 the Receivership Estate has
been terminated, the Receiver
discharged, and the Receivership Estate
has ceased to exist as a legal entity.
Date: June 1, 2016.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2016–13242 Filed 6–3–16; 8:45 am]
BILLING CODE 6714–01–P

Request for Comment
Comments are invited on: (a) Whether
the collection of information is

VerDate Sep<11>2014

16:36 Jun 03, 2016

Jkt 238001

PO 00000

Frm 00053

Fmt 4703

Sfmt 4703

FEDERAL DEPOSIT INSURANCE
CORPORATION
Notice to All Interested Parties of the
Termination of the Receivership of
10159, Valley Capital Bank, Mesa,
Arizona
Notice is hereby given that the Federal
Deposit Insurance Corporation (‘‘FDIC’’)
as Receiver for Valley Capital Bank,
Mesa, Arizona (‘‘the Receiver’’) intends
to terminate its receivership for said
institution. The FDIC was appointed
receiver of Valley Capital Bank on
December 11, 2009. The liquidation of
the receivership assets has been
completed. To the extent permitted by
available funds and in accordance with
law, the Receiver will be making a final
dividend payment to proven creditors.
Based upon the foregoing, the
Receiver has determined that the
continued existence of the receivership
will serve no useful purpose.
Consequently, notice is given that the
receivership shall be terminated, to be
effective no sooner than thirty days after
the date of this Notice. If any person
wishes to comment concerning the
termination of the receivership, such
comment must be made in writing and
sent within thirty days of the date of
this Notice to: Federal Deposit
Insurance Corporation, Division of
Resolutions and Receiverships,
Attention: Receivership Oversight
Department 34.6, 1601 Bryan Street,
Dallas, TX 75201.
No comments concerning the
termination of this receivership will be
considered which are not sent within
this time frame.
Dated: June 1, 2016.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2016–13234 Filed 6–3–16; 8:45 am]
BILLING CODE 6714–01–P

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

E:\FR\FM\06JNN1.SGM

06JNN1