60-Day Federal Register Notice

FR1-0196 Regulatory Capital Rules SLR 86 FR 36137 July 8 2021.pdf

Regulatory Capital Rules: Regulatory Capital, Revisions to the Supplementary Leverage Ratio

60-Day Federal Register Notice

OMB: 3064-0196

Document [pdf]
Download: pdf | pdf
Federal Register / Vol. 86, No. 128 / Thursday, July 8, 2021 / Notices
EXEMPTIONS CLAIMED FOR THE SYSTEM:

POLICIES AND PRACTIES FOR RETENTION AND
DISPOSAL OF RECORDS:

None.

The National Archives and Records
Administration (NARA) established
records schedule number DAA–GRS–
2018–0002–004 for telework/alternate
worksite program case files. In
accordance with this records schedule,
the FCC will maintain information in
this system of records until superseded
or obsolete, or one year after the end of
an employee’s participation in the
program, whichever is sooner, or longer
if required for business use.
ADMINISTRATIVE, TECHNICAL, AND PHYSICAL
SAFEGUARDS:

RECORD ACCESS PROCEDURES:

Individuals wishing to request access
to and/or amendment of records about
themselves should follow the
Notification Procedure below.
CONTESTING RECORD PROCEDURES:

Individuals wishing to request access
to and/or amendment of records about
themselves should follow the
Notification Procedure below.

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NOTIFICATION PROCEDURE:

Individuals wishing to determine
whether this system of records contains
information about themselves may do so
by writing Privacy@fcc.gov. Individuals
requesting access must also comply
with the FCC’s Privacy Act regulations
regarding verification of identity to gain
access to records as required under 47
CFR part 0, subpart E.

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The FCC previously gave full notice of
FCC/OMD–32, FCC Telework Program
by publication in the Federal Register
on March 26, 2015 (80 FR 16007).
Federal Communications Commission.
Marlene Dortch,
Secretary, Office of the Secretary.
[FR Doc. 2021–14493 Filed 7–7–21; 8:45 am]
BILLING CODE 6712–01–P

FEDERAL COMMUNICATIONS
COMMISSION

The electronic records, files, and data
are stored within FCC accreditation
boundaries and maintained in a
database housed in the FCC’s computer
network databases. Access to the
electronic files is restricted to
authorized supervisors and managers;
OMD employees and contractors; and to
IT staff, contractors, and vendors who
maintain the IT networks and services.
Other FCC employees and contractors
may be granted access on a need-toknow basis. The FCC’s electronic files
and records are protected by the FCC
and third-party privacy safeguards, a
comprehensive and dynamic set of IT
safety and security protocols and
features that are designed to meet all
Federal IT privacy standards, including
those required by the Federal
Information Security Modernization Act
of 2014 (FISMA), the Office of
Management and Budget (OMB), and
the National Institute of Standards and
Technology (NIST). The paper records
are scanned and uploaded to the
electronic system before being
destroyed.

VerDate Sep<11>2014

HISTORY:

[FR ID 36341]

Federal Advisory Committee,
Communications Equity and Diversity
Council
Federal Communications
Commission.
ACTION: Notice of renewal of the charter
for the Advisory Committee on Diversity
and Digital Empowerment, renamed the
Communications Equity and Diversity
Council.
AGENCY:

The Federal Communications
Commission (FCC or Commission)
hereby announces that that the charter
of the Advisory Committee on Diversity
and Digital Empowerment, renamed the
Communications Equity and Diversity
Council (hereinafter Committee), has
been renewed for a two-year period
pursuant to the Federal Advisory
Committee Act (FACA) and following
consultation with the Committee
Management Secretariat, General
Services Administration.
ADDRESSES: Federal Communications
Commission, 45 L Street NE,
Washington, DC 20554.
FOR FURTHER INFORMATION CONTACT:
Jamila Bess Johnson, Designated Federal
Officer, Federal Communications
Commission, Media Bureau, (202) 418–
2608 or email: Jamila-Bess.Johnson@
fcc.gov.
SUPPLEMENTARY INFORMATION: After
consultation with the General Services
Administration, the Commission has
renewed the charter on June 29, 2021,
providing the Committee with
authorization to operate for two years.
The mission of the Committee is to
make recommendations to the
Commission on advancing equity in the
provision of and access to digital
communication services and products
for all people of the United States,
without discrimination on the basis of
race, color, religion, national origin, sex,
or disability. It shall provide
SUMMARY:

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36137

recommendations to the Commission on
how to empower people of color and
others who have been historically
underserved, including persons who
live in rural areas, and persons
otherwise adversely affected by
persistent poverty or inequality, to
access, leverage, and benefit from the
wide range of opportunities made
possible by technology, communication
services and next-generation networks.
Advisory Committee
The Committee will be organized
under, and will operate in accordance
with, the provisions of the FACA (5
U.S.C. App. 2). The Committee will be
solely advisory in nature. Consistent
with FACA and its requirements, each
meeting of the Committee will be open
to the public unless otherwise noticed.
A notice of each meeting will be
published in the Federal Register at
least fifteen (15) days in advance of the
meeting. Records will be maintained of
each meeting and made available for
public inspection. All activities of the
Committee will be conducted in an
open, transparent, and accessible
manner. The Committee shall terminate
two (2) years from the filing date of its
charter, or earlier upon the completion
of its work as determined by the Chair
of the FCC, unless its charter is renewed
prior to the termination date.
During this term, the Committee’s
third, it is anticipated that the
Committee will meet approximately
three (3) times a year. The first meeting
date and agenda topics will be described
in a Public Notice issued and published
in the Federal Register at least fifteen
(15) days prior to the first meeting date.
In addition, as needed, working groups
or subcommittees (ad hoc or steering)
will be established to facilitate the
Committee’s work between meetings of
the full Committee. Meetings of the
Committee will be fully accessible to
individuals with disabilities.
Federal Communications Commission.
Marlene Dortch,
Secretary, Office of the Secretary.
[FR Doc. 2021–14492 Filed 7–7–21; 8:45 am]
BILLING CODE 6712–01–P

FEDERAL DEPOSIT INSURANCE
CORPORATION
[OMB No. 3064–0109;–00124;–0162;–0179;
–0196]

Agency Information Collection
Activities: Proposed Collection
Renewal; Comment Request
Federal Deposit Insurance
Corporation (FDIC).

AGENCY:

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ACTION:

Federal Register / Vol. 86, No. 128 / Thursday, July 8, 2021 / Notices
Notice and request for comment.

The FDIC, as part of its
obligations under the Paperwork
Reduction Act of 1995 (PRA), invites the
general public and other Federal
agencies to take this opportunity to
comment on the renewal of the existing
information collections described below
(OMB Control No. 3064–0109;–0124;–
0137;–0162; and–0196).
DATES: Comments must be submitted on
or before September 7, 2021.
ADDRESSES: Interested parties are
invited to submit written comments to
the FDIC by any of the following
methods:
• Agency Website: https://
www.FDIC.gov/regulations/laws/federal.
SUMMARY:

• Email: comments@fdic.gov. Include
the name and number of the collection
in the subject line of the message.
• Mail: Manny Cabeza (202–898–
3767), Regulatory Counsel, MB–3128,
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:
Manny Cabeza, Regulatory Counsel,
202–898–3767, mcabeza@fdic.gov, MB–
3128, Federal Deposit Insurance
Corporation, 550 17th Street NW,
Washington, DC 20429.
SUPPLEMENTARY INFORMATION:
Proposal to renew the following
currently approved collections of
information:
1. Title: Notice of Branch Closure.
OMB Number: 3064–0109.
Form Number: None.
Affected Public: FDIC-insured
depository institutions.
Burden Estimate:

SUMMARY OF ANNUAL BURDEN
Information collection
description

Type of burden

Obligation to
respond

Notice of Branch Closure
Adoption of Branch Closure Policy.

Reporting ...............
Recordkeeping .......

Mandatory ..............
Mandatory ..............

Total Estimated Annual Burden:
1,738 hours.
General Description of Collection:
Section 42 of the Federal Deposit
Insurance Act mandates that an insured
depository institution closing a branch
notify its primary federal regulator not
later than 90 days prior to the closing.
The statute also provides that a notice

Estimated
number of
respondents

Estimated average
frequency of
response

178
22

4.388 ......................
On Occasion ..........

be posted on the premises of the branch
for the 30-day period immediately prior
to the closing and that the customers be
notified in a mailing at least 90 days
prior to the closing. Each insured
depository institution that has one or
more branches is required to adopt a
written policy for branch closings.

Estimated time
per
response
(hours)
2
8

Estimated
annual
burden
(hours)
1,562
176

2. Title: Notification of Changes of
Insured Status.
OMB Number: 3064–0124.
Form Number: None.
Affected Public: Insured depository
institutions.
Burden Estimate:

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SUMMARY OF ANNUAL BURDEN
Estimated
number of
respondents

Estimated average
frequency of
response

Estimated time
per
response
(hours)

Estimated
annual
burden
(hours)

Information collection
description

Type of burden

Obligation to
respond

Notification of Change in
Insured Status.
Certification .....................

Disclosure ..............

Mandatory ..............

8

On Occasion ..........

2

16

Reporting ...............

Mandatory ..............

240

On Occasion ..........

1

240

Total Estimated Annual Burden: 256
hours.
General Description of Collection:
This information collection consists of
two parts: (1) A certification that
insured depository institutions provide
the FDIC when all deposit liabilities
from one insured depository institution
are assumed from another insured
depository institution, with the latter
institution responsible for providing the
certification, and (2) a notification that
an insured depository institution
provides to its depositors when it seeks
to voluntarily terminate its insured
status. The certification is necessary to

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implement the provisions of section 8(q)
of the Federal Deposit Insurance Act, 12
U.S.C. 1818(q), regarding termination of
the insured status of the transferring
institution and termination of the
separate deposit insurance coverage
provided on deposit accounts assumed
by the assuming institution. The
depositor notification is required by
section 8(a)(6) of the Federal Deposit
Insurance Act, 12 U.S.C. 1818(a)(6).
This provision ensures that the
institution’s depositors receive
appropriate information regarding the
institution’s intent to terminate its
insured status and that, prior to the

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termination of the institution’s insured
status, depositors receive appropriate
information concerning federal deposit
insurance coverage of their accounts
once the institution’s insured status is
terminated.
3. Title: Large-Bank Deposit Insurance
Programs.
OMB Number: 3064–0162.
Form Number: None.
Affected Public: Insured depository
institutions having at least $2 billion in
deposits and at least either: (a) 250,000
Deposit accounts; or (b) $20 billion in
total assets, regardless of the number of
deposit accounts (a ‘‘covered
institution’’).

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Federal Register / Vol. 86, No. 128 / Thursday, July 8, 2021 / Notices
Burden Estimate:

SUMMARY OF ANNUAL BURDEN
Estimated
number of
respondents

Obligation to
respond

Type of burden

Estimated
frequency of
responses

Estimated time
per response

Frequency of
response

Total annual
estimated
burden

Implementation
Posting and removing provisional
holds—360.9(c)(1) and (2).
Providing standard data format for deposit account and customer information—360.9(d)(1).
Notification of identity of person responsible for producing standard
data downloads—360.9(c)(3).
Request for exemption from provisional
hold requirements—360.9(c)(9).
Provide deposit account and customer
information in required standard format—360.9(d)(3).
Request for extension of compliance
deadline—360.9(e)(7).
Request for exemption—360.9(f) ..........

Recordkeeping .....

Mandatory ......

7

1

150

One time ........

1,050

Recordkeeping .....

Mandatory ......

7

1

110

One time ........

770

Reporting ..............

Mandatory ......

7

1

8

One time ........

56

Reporting ..............

Voluntary ........

1

1

20

On occasion ...

20

Reporting ..............

Mandatory ......

7

1

40

On occasion ...

280

Reporting ..............

Voluntary ........

1

1

20

On occasion ...

20

Reporting ..............

Voluntary ........

1

1

20

On occasion ...

20

Total Implementation Burden ........

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

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

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

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

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

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

2,216

Notification of identity of person responsible for producing standard
data downloads—360.9(c)(3).
Request for exemption from provisional
hold requirements—360.9(c)(9).
Request for exemption—360.9(f) ..........
Test compliance with 360.9 (c)—(d)
pursuant to 360.9(h).

Reporting ..............

Mandatory ......

126

1

8

One time ........

1,008

Reporting ..............

Voluntary ........

1

1

20

On occasion ...

20

Reporting ..............
Reporting ..............

Voluntary ........
Mandatory ......

1
40

1
1

20
80

On occasion ...
On occasion ...

20
3,200

Total Ongoing Burden ...................

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

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

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

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

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

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

4,248

Total Estimated Annual Burden.

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

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

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

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

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

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

6,464

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Ongoing

General Description of Collection:
Upon the failure of an FDIC-insured
depository institution, the FDIC is
required to pay insured deposits as soon
as possible. To do so, the FDIC must be
able to quickly determine the total
insured amount for each depositor. To
make this determination, the FDIC must
ascertain the balances of all deposit
accounts owned by the same depositor
in the same ownership capacity at a
failed institution as of the day of failure.
The FDIC issued a regulation (12 CFR
360.9) (Section 360.9) to modernize the
process of determining the insurance
status of each depositor in the event of
failure of a covered institution. The
FDIC requires institutions that are
covered under Section 360.9 to have
mechanisms in place that will
automatically place a provisional hold
on domestic and foreign deposit
accounts, and sweep and automated
credit account arrangements, in the
event that a covered institution is close
to failing. A ‘‘provisional hold’’ is
defined in 12 CFR Section 360.9(b)(6) as
‘‘an effective restriction on access to
some or all of a deposit or other liability
account after the failure of an insured
depository institution.’’ Section 360.9

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also requires institutions to have in
place practices and procedures for
providing the FDIC, in a standard format
upon the close of any day’s business,
certain data on the accounts and
customers of the institution, and to
provide the FDIC with this information
upon request. The purpose of these
requirements is to allow the deposit and
other operations of a covered institution
to continue functioning on the day
following failure, and to permit the
FDIC to fulfill its legal requirement to
promptly provide liquidity to depositors
of a failed institution. This information
also helps to ensure equitable treatment
of depositors at different institutions,
and helps to preserve the franchise
value of a failed institution, thereby
reducing costs to the FDIC in the event
that a covered institution fails.
FDIC-insured depository institutions
(IDIs) that are covered by Section 360.9
are defined in Section 360.9(b)(1) as
having at least $2 billion in deposits and
either (1) 250,000 or more deposit
accounts, or (2) $20 billion or more in
assets, regardless of the number of
deposit accounts. IDIs that meet this
criteria for two consecutive quarters
qualify as covered institutions.

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This information collection consists
of eight distinct reporting and
recordkeeping requirements (ICs) that
impose annual burden on covered
institutions. Three of these eight
reporting requirements have an
implementation component as well as
an ongoing component: (1) Section
360.9(c)(3) (IC requirements C and H,
below) requires covered institutions to
provide certain information to the FDIC
both while the institution is
implementing the systems required
under 360.9 (IC requirement C) and on
an ongoing basis (IC requirement H); (2.)
Section 360.9(c)(9) (IC requirements D
and I, below) permits institutions to
request an exemption from certain
requirements of Section 360.9.
Institutions could submit such requests
either while they are implementing the
systems required under Section 360.9
(IC requirement D) or after they are
already in compliance with Section
360.9 (IC requirement I); (3.) Section
360.9(f) (IC requirements G and J,
below) permits institutions to request an
exemption from all of the requirements
of Section 360.9 under certain
conditions. Institutions could submit
such requests either while they are

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Federal Register / Vol. 86, No. 128 / Thursday, July 8, 2021 / Notices

implementing the systems required
under Section 360.9 (IC requirement G)
or after they are already in compliance
with Section 360.9 (IC requirement J).
Since reporting by institutions pursuant
to Sections 360.9(c)(3), 360.9(c)(9), and
360.9(f) are counted as both
implementation and ongoing
requirements, this IC contains eleven 1
requirements in total. These
requirements, with corresponding CFR
sections, are listed and described as
follows:
A. 360.9(c)(1) and (2)
(Implementation)—Require covered
institutions to set up systems for
automatically placing provisional holds
on domestic and foreign deposit
accounts and sweep and automated
credit account arrangements
B. 360.9(d)(1) and (2)
(Implementation)—Require covered
institutions to establish practices and
procedures for providing the FDIC, in a
standard format upon the close of any
day’s business, customer and depositor
data for all deposit accounts held in
domestic and foreign offices and interest
bearing investment accounts connected
with sweep and automated credit
arrangements
C. 360.9(c)(3) (Implementation)—
Requires covered institutions to notify
the FDIC of the person(s) responsible for

producing the standard data download
and administering provisional holds,
both while the functionality is being
constructed and on an ongoing basis (IC
requirement H)
D. 360.9(c)(9) (Implementation)—
Permits covered institutions to submit
to the FDIC a request for an exemption
from the provisional hold requirements
for those account systems servicing a
relatively small number of accounts
where the application of manual
provisional holds is feasible, both while
the systems are being constructed and
on an ongoing basis (IC requirement I)
E. 360.9(d)(3) (Implementation)—
Requires covered institutions to submit
the data required by 360.9(d)(1) to the
FDIC upon request both while the
systems are being constructed and on an
ongoing basis (IC requirement K)
F. 360.9(e)(7) (Implementation)—
Permits covered institutions to submit
to the FDIC a request for an extension
of the deadline for complying with the
requirements of Section 360.9
G. 360.9(f) (Implementation)—Permits
covered institutions to apply for an
exemption from the requirements of
Section 360.9, if the institution has a
high concentration of deposits
incidental to credit card operations,
both during the implementation period
in the first year and on an ongoing basis
(IC requirement J)

H. 360.9(c)(3) (Ongoing)—Requires
covered institutions to provide the
information described in IC requirement
C above to the FDIC on an ongoing basis
I. 360.9(c)(9) (Ongoing)—Permits
covered institutions to request an
exemption from the provisional hold
requirements, as described in IC
requirement D above, both while the
systems are being constructed and on an
ongoing basis
J. 360.9(f) (Ongoing)—Permits covered
institutions to apply for an exemption
from the requirements of Section 360.9,
as described in IC requirement G above,
at any time after the institution is in
compliance with the requirements of
Section 360.9 if the institution has a
high concentration of deposits
incidental to credit card operations
K. 360.9(h) (Ongoing)—Requires
covered institutions to provide
appropriate assistance to the FDIC in its
testing of the systems required under
Section 360.9
4. Title: Assessment Rate Adjustment
Guidelines for Large and Highly
Complex Institutions.
OMB Number: 3064–0179.
Form Number: None.
Affected Public: Large and highly
complex depository institutions.
Burden Estimate:

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SUMMARY OF ANNUAL BURDEN
Information collection
description

Type of burden

Obligation to
respond

Estimated
number of
respondents

Estimated
frequency
of responses

Estimated time
per response
(hours)

Estimated
annual burden
(hours)

Assessment Rate Adjustment Guidelines for
Large and Highly Complex Institutions.

Reporting ...............

Mandatory ..............

2

On Occasion ..........

80

160

Total Estimated Annual Burden: 160
hours.
General Description of Collection: The
FDIC’s deposit insurance assessment
authority is set forth in Section 7 of the
Federal Deposit Insurance Act, 12
U.S.C. 1817(b) and (c) and promulgated
in regulations under 12 CFR part 327.
These regulations also set out the
process for making adjustments to the
total score of these institutions used by
the FDIC in making deposit insurance
assessments. Depository institutions are
permitted to make a written request to
the FDIC for an assessment adjustment.
An institution is able to request review

of, or appeal, an upward adjustment, the
magnitude of an upward adjustment,
removal of a previously implemented
downward adjustment or an increase in
a previously implemented upward
adjustment through the FDIC’s internal
review process set forth at 12 CFR
327.4(c). An institution can similarly
request review of or appeal a decision
not to apply an adjustment following a
request by the institution for an
adjustment.
An institution can submit its written
request for an adjustment to the FDIC’s
Director of the Division of Insurance
and Research in Washington, DC. In

1 8 distinct requirements, plus 3 requirements
that are counted as both implementation and

ongoing requirements, brings the total number of
requirements for this IC to 11.

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making such a request, the institution
will provide support by including
evidence of a material risk or riskmitigating factor that it believes was not
adequately considered.
5. Title: Regulatory Capital Rules:
Regulatory Capital, Revisions to the
Supplementary Leverage Ratio.
OMB Number: 3064–0196.
Form Number: None.
Affected Public: Insured state
nonmember banks and state savings
associations that are subject to the
FDIC’s advanced approaches risk-based
capital rules.
Burden Estimate:

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Federal Register / Vol. 86, No. 128 / Thursday, July 8, 2021 / Notices
SUMMARY OF ANNUAL BURDEN
Information collection
description

Type of burden

Obligation to respond

Estimated
number of
respondents

Estimated frequency
of responses

Estimated time
per response
hours

Estimated
annual burden
hours

Disclosure Requirements Associated
with Supplementary Leverage
Ratio (12 CFR
324.172 and 173).

Disclosure ................

Mandatory ................

5

Quarterly ..................

5

100

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Total Estimated Annual Burden: 100
hours.
General Description of Collection: The
supplementary leverage ratio
regulations strengthen the definition of
total leverage exposure and improve the
measure of a banking organization’s on
and off-balance sheet exposures. All
banking organizations that are subject to
the advanced approaches risk-based
capital rules are required to disclose
their supplementary leverage ratios.
Advanced approaches banking
organizations must report their
supplementary leverage ratios on the
applicable regulatory reports. The
calculation and disclosure requirements
for the supplementary leverage ratio in
the federal banking agencies’ regulatory
capital rules are generally consistent
with international standards published
by the Basel Committee on Banking
Supervision. These disclosures enhance
the transparency and consistency of
reporting requirements for the
supplementary leverage ratio by all
internationally active organizations.
Request for Comment: Comments are
invited on: (a) Whether the collection of
information is 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
collection of information 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.
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on July 1, 2021.
Debra A. Decker,
Deputy Executive Secretary.
[FR Doc. 2021–14502 Filed 7–7–21; 8:45 am]
BILLING CODE 6714–01–P

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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 public portions of the
applications listed below, as well as
other related filings required by the
Board, if any, are available for
immediate inspection at the Federal
Reserve Bank(s) indicated below and at
the offices of the Board of Governors.
This information may also be obtained
on an expedited basis, upon request, by
contacting the appropriate Federal
Reserve Bank and from the Board’s
Freedom of Information Office at
https://www.federalreserve.gov/foia/
request.htm. Interested persons may
express their views in writing on the
standards enumerated in the BHC Act
(12 U.S.C. 1842(c)).
Comments regarding each of these
applications must be received at the
Reserve Bank indicated or the offices of
the Board of Governors, Ann E.
Misback, Secretary of the Board, 20th
Street and Constitution Avenue NW,
Washington, DC 20551–0001, not later
than August 9, 2021.
A. Federal Reserve Bank of
Minneapolis (Chris P. Wangen,
Assistant Vice President), 90 Hennepin
Avenue, Minneapolis, Minnesota
55480–0291:
1. Stearns Financial Services, Inc.,
Employee Stock Purchase Plan and
Trust, Saint Cloud, Minnesota; to
acquire up to 24 percent of additional
voting shares of Stearns Financial
Services, Inc., Saint Cloud, Minnesota,
and thereby indirectly acquire

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additional voting shares of Stearns
Bank, National Association, also of
Saint Cloud, Minnesota, Stearns Bank of
Upsala, National Association, Upsala,
Minnesota, and Stearns Bank of
Holdingford, National Association,
Holdingford, Minnesota.
Board of Governors of the Federal Reserve
System, July 2, 2021.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2021–14578 Filed 7–7–21; 8:45 am]
BILLING CODE P

FEDERAL RESERVE SYSTEM
Change in Bank Control Notices;
Acquisitions of Shares of a Bank or
Bank Holding Company
The notificants listed below have
applied under the Change in Bank
Control Act (Act) (12 U.S.C. 1817(j)) and
§ 225.41 of the Board’s Regulation Y (12
CFR 225.41) to acquire shares of a bank
or bank holding company. The factors
that are considered in acting on the
applications are set forth in paragraph 7
of the Act (12 U.S.C. 1817(j)(7)).
The public portions of the
applications listed below, as well as
other related filings required by the
Board, if any, are available for
immediate inspection at the Federal
Reserve Bank(s) indicated below and at
the offices of the Board of Governors.
This information may also be obtained
on an expedited basis, upon request, by
contacting the appropriate Federal
Reserve Bank and from the Board’s
Freedom of Information Office at
https://www.federalreserve.gov/foia/
request.htm. Interested persons may
express their views in writing on the
standards enumerated in paragraph 7 of
the Act.
Comments regarding each of these
applications must be received at the
Reserve Bank indicated or the offices of
the Board of Governors, Ann E.
Misback, Secretary of the Board, 20th
Street and Constitution Avenue NW,
Washington, DC 20551–0001, not later
than July 23, 2021.

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