[Federal Register Volume 85, Number 231 (Tuesday, December 1, 2020)]
[Notices]
[Page 77213]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-26469]


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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 Sec.  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 December 16, 2020.
    A. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant 
Vice President) 230 South LaSalle Street, Chicago, Illinois 60690-1414:
    1. The Vanguard Group, Inc., Malvern, Pennsylvania; on behalf of 
itself, its subsidiaries and affiliates, including investment companies 
registered under the Investment Company Act of 1940, other pooled 
investment vehicles, and institutional accounts that are sponsored, 
managed, or advised by Vanguard; to acquire additional voting shares of 
Northern Trust Corporation, and thereby indirectly acquire additional 
voting shares of The Northern Trust Company, both of Chicago, Illinois.
    2. The Vanguard Group, Inc., Malvern, Pennsylvania; on behalf of 
itself, its subsidiaries and affiliates, including investment companies 
registered under the Investment Company Act of 1940, other pooled 
investment vehicles, and institutional accounts that are sponsored, 
managed, or advised by Vanguard; to acquire additional voting shares of 
Discover Financial Services, Riverwoods, Illinois, and thereby 
indirectly acquire additional voting shares of Discover Bank, 
Greenwood, Delaware.
    B. Federal Reserve Bank of Philadelphia (William Spaniel, Senior 
Vice President) 100 North 6th Street, Philadelphia, Pennsylvania 19105-
1521. Comments can also be sent electronically to 
<a href="/cdn-cgi/l/email-protection#ecaf8381818982989fc28d9c9c80858f8d988583829fac9c848580c28a9e8ec2839e8b"><span class="__cf_email__" data-cfemail="0e4d6163636b607a7d206f7e7e62676d6f7a6761607d4e7e66676220687c6c20617c69">[email protected]</span></a>:
    1. The Vanguard Group, Inc., Malvern, Pennsylvania; on behalf of 
itself, its subsidiaries and affiliates, including investment companies 
registered under the Investment Company Act of 1940, other pooled 
investment vehicles, and institutional accounts that are sponsored, 
managed, or advised by Vanguard; to acquire additional voting shares of 
Synchrony Financial, Stamford, Connecticut, and thereby indirectly 
acquire additional voting shares of Synchrony Bank, Draper, Utah.
    C. Federal Reserve Bank of San Francisco (Sebastian Astrada, 
Director, Applications) 101 Market Street, San Francisco, California 
94105-1579:
    1. The Vanguard Group, Inc., Malvern, Pennsylvania; on behalf of 
itself, its subsidiaries and affiliates, including investment companies 
registered under the Investment Company Act of 1940, other pooled 
investment vehicles, and institutional accounts that are sponsored, 
managed, or advised by Vanguard; to acquire additional voting shares of 
SVB Financial Group, and thereby indirectly acquire additional voting 
shares of Silicon Valley Bank, both of Santa Clara, California.

    Board of Governors of the Federal Reserve System, November 25, 
2020.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2020-26469 Filed 11-30-20; 8:45 am]
BILLING CODE P


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