Search Results for agency_names:"Federal Reserve System"

The Board of Governors of the Federal Reserve System has decided to extend for three more years, without any changes, the recordkeeping, disclosure, and reporting rules related to securities transactions under Regulation H. These rules apply to state member banks (SMBs) and are designed to ensure they keep proper records, provide necessary transaction confirmations to customers, and establish policies for securities trading. The rules are carried out under sections 208.34(c), (d), and (g) of the regulation and are required by the Securities Exchange Act of 1934. The extension was announced without any public comments received on a notice issued in October 2020.

The Federal Reserve System will hold a closed virtual meeting on Friday, January 15, 2021, at 10 a.m. The meeting's agenda includes discussing a personnel matter. For more information, individuals can contact Michelle Smith at the Division of Board Members. Further details are available on the Federal Reserve's website.

The document is a notice from the Federal Reserve System about applications made by certain companies to become bank holding companies or to merge with other financial institutions. Lake Shore, MHC in New York plans to transition from mutual to stock ownership and become a commercial bank under a new corporation named Lake Shore Bancorp, Inc. Capra Financial, Inc. in Iowa has applied to become a bank holding company by acquiring Capra Bank. Additionally, Orion Bancorporation, Inc. in Illinois seeks to merge with Mechanicsville Bancshares, Inc. to indirectly acquire Bridge Community Bank. Public comments on these applications are invited before April 25, 2025.

The Federal Reserve System has issued a notice regarding proposals by companies to engage in or acquire nonbanking activities that are permissible under the Bank Holding Company Act. The notice invites the public to review and comment on these applications, which are available for inspection at specified Federal Reserve Banks. Comments must be submitted by February 12, 2021. One of the proposals involves First Citizens Bancshares, Inc., seeking to acquire shares in companies engaging in credit and loan servicing activities.

The Board of Governors of the Federal Reserve System is seeking public feedback on its proposal to extend the use of two forms, Form MSD-4 and Form MSD-5, for three additional years without any changes. These forms are used by municipal securities dealers associated with banks to manage information about their employees and their employment termination. The Board is interested in comments about the necessity and effectiveness of these forms and how they might lessen the burden on those required to use them. Comments must be submitted by February 21, 2025.

The Federal Reserve System has received applications from various individuals and trusts wishing to acquire shares in banks and bank holding companies. These applications are being reviewed under the Change in Bank Control Act, and public comments on the applications are invited until March 7, 2025. Two sets of applications are highlighted: one involves the Arden Wolf Family Group seeking to acquire shares of Platte Valley Bancorp, Inc. in Nebraska, and the other involves the Whelan Family Group aiming to acquire shares of Relationship Financial Corporation and Guadalupe Bank in Texas. Information about these applications is available for public inspection at the relevant Federal Reserve Banks.

The Federal Reserve System has published a notice listing companies that wish to engage in or acquire nonbanking activities as allowed under the Bank Holding Company Act and Regulation Y. Interested individuals can view the applications at the Federal Reserve Banks or online, and can submit their written opinions on whether the proposals meet the required standards by March 12, 2021. One specific request comes from Hazen Bancorporation, Inc. in North Dakota, aiming to engage in data processing services through subsidiaries. The public can access more information or express their views through the provided contact details.

The Federal Reserve System has received applications from several individuals to acquire shares of a bank or bank holding company under the Change in Bank Control Act. The public can review the applications and submit comments until April 24, 2025. Comments may be disclosed publicly and should not contain confidential information. The individuals listed are seeking to join the Sarazine Family Control Group to maintain voting shares in Emmetsburg Bank Shares, Inc. and Iowa Trust and Savings Bank.

The Federal Reserve System has announced that several individuals and groups have applied to acquire shares of banks or bank holding companies under the Change in Bank Control Act. These applications are being reviewed based on specific factors outlined in the law. The public can inspect the details of these applications and submit comments until March 12, 2021. Families and individuals from Missouri and Kansas are among the applicants aiming to retain or acquire control over various banking institutions.

The Federal Reserve System announces that several individuals have applied to acquire shares of a bank or bank holding company under the Change in Bank Control Act. The applications are available for public inspection at the Federal Reserve Bank of Richmond and the Board of Governors. People interested in commenting on the applications can send their views to the respective locations by January 3, 2025. Comments will be publicly disclosed and should exclude any confidential information.