Search Results for agency_names:"Federal Reserve System"

The document is a notice from the Federal Reserve System about applications submitted under the Change in Bank Control Act. These applications involve individuals and entities seeking to acquire shares of a bank or bank holding company. The public can review the applications and submit comments, which will be publicly disclosed. Comments should be sent to the relevant Federal Reserve Bank or the Board of Governors by April 29, 2025.

The Board of Governors of the Federal Reserve System is inviting public comments on a proposal to introduce new Discrimination Complaint Forms (FR 1413). These forms will help individuals file discrimination complaints if they believe they were treated unfairly while applying for jobs or after leaving employment at the Board. Comments must be submitted by February 4, 2025, and aim to understand the necessity, burden, and clarity of the proposed information collection. This process is part of the agency's obligations under the Paperwork Reduction Act, which requires comments to be considered before finalizing the proposal.

The Federal Reserve System has received applications from the individuals and trusts of the Maifeld Family to acquire shares in Clarkel, Inc., and indirectly Iowa State Bank in Clarksville, Iowa. This action is part of a process under the Change in Bank Control Act, which involves evaluating specific factors before approval. The public can access details about these applications at certain Federal Reserve Bank locations and online. Interested parties are invited to submit written comments on the applications, which are due by May 2, 2025, and these comments will be publicly available.

The Federal Reserve is seeking public feedback on its proposal to continue the Survey of Consumer Finances for three more years without any changes. This survey, conducted every three years, provides detailed information on American families' finances, including assets, debts, and income. Public comments will help the Board determine if any adjustments to the survey are needed. Responses will not reveal personal identities and are vital for shaping economic policies.

The Board of Governors of the Federal Reserve System has decided to extend, for three years, the requirements for disclosure connected with Regulation H, which concerns consumer protection in sales of insurance. This extension does not introduce any changes to the current requirements. Regulation H, implemented in 2000, mandates that banks provide certain information to consumers about insurance products or annuities in advertisements and credit applications. The extension, published for public comment in 2024, received no comments and will proceed as planned.

The Federal Reserve System announced that individuals and groups have submitted applications to acquire shares of banks or bank holding companies, as outlined in the Change in Bank Control Act. These applications are being reviewed based on specific factors detailed in the Act. The public can view these applications and related documents at certain Federal Reserve Bank locations or online. Comments on the applications must be submitted by January 19, 2021.

The Federal Reserve System has received applications under the Change in Bank Control Act from various individuals from Kuwait wishing to acquire shares in Greater Pacific Bancshares. This acquisition would also allow them to indirectly hold shares in the Bank of Whittier, based in California. The applications are open for public inspection at the Federal Reserve Bank of San Francisco and the offices of the Board of Governors. Interested parties have until March 15, 2021, to share their views in writing about these applications.

The Federal Reserve System has announced a notice concerning several companies seeking approval to become bank holding companies or to acquire control of banks or bank holding companies. These applications are submitted under the Bank Holding Company Act and related regulations. The public can view the applications and related documents at specified Federal Reserve Banks and the Board of Governors' offices. Comments from the public are welcomed but must be submitted by April 2, 2025, and should not include any confidential information that shouldn't be publicly disclosed.

The Federal Reserve System has received applications from several companies seeking approval to become bank holding companies or to acquire control over existing banks or bank holding companies. The applications are filed under the Bank Holding Company Act of 1956 and adhere to applicable regulations. Public comments on these applications must be submitted by February 10, 2021. The applications can be inspected at specified Federal Reserve Banks or the Board of Governors' offices, with further access available through their Freedom of Information Office.

The Board of Governors of the Federal Reserve System is asking the public to comment on a plan to extend, for three more years, the time allowed for holding on to assets gained in settling past debts. This process, identified as FR 4006, requires bank holding companies to seek approval to keep such assets for more than two years. Comments on this proposal must be submitted by May 27, 2025, and can be submitted through the Federal Reserve's website or by other methods like mail or email. The Board will consider feedback to decide if any changes to this proposal are necessary.