83582 Federal Register / Vol. 85, No. 246 / Tuesday, December 22, 2020 / Notices 

Q2. Should a contractually binding 

mechanism relate to the provision of 

capital or liquidity? What classes of 

assets would be deemed to provide 

capital vs. liquidity? 

A2. Contractually binding mechanism 

is a generic term and includes the 

down-streaming of capital and/or 

liquidity as contemplated by the U.S. 

resolution strategy. Furthermore, it is up 

to the firm, as informed by any relevant 

guidance of the Agencies, to identify 

what assets would satisfy a U.S. 

affiliate’s need for capital and/or 

liquidity. 

Q3. Is there a minimum acceptable 

duration for a contractually binding 

mechanism? Would an ‘‘evergreen’’ 

arrangement, renewable on a periodic 

basis (and with notice to the Agencies), 

be acceptable? 

A3. To the extent a firm utilizes a 

contractually binding mechanism, such 

mechanism, including its duration, 

should be appropriate for the firm’s U.S. 

resolution strategy, including 

adequately addressing relevant 

financial, operational, and legal 

requirements and challenges. 

Q4. Not consolidated. 

Q5. Not consolidated. 

Q6. The firm may need to amend its 

contractually binding mechanism from 

time to time resulting potentially from 

changes in relevant law, new or different 

regulatory expectations, etc. Is a firm 

able to do this as long as there is no 

undue risk to the enforceability (e.g., no 

signs of financial stress sufficient to 

unduly threaten the agreement’s 

enforceability as a result of fraudulent 

transfer)? 

A6. Yes, however the Agencies should 

be informed of the proposed duration of 

the agreement, as well as any terms and 

conditions on renewal and/or 

amendment. Any amendments should 

be identified and discussed as part of 

the firm’s next U.S. resolution plan 

submission. 

Q7. Not consolidated. 

Q8. Should firms include a formal 

regulatory trigger by which the Agencies 

can directly trigger a contractually 

binding mechanism? 

A8. No 

General 

None of the general FAQs were 

consolidated. 

By order of the Board of Governors of the 

Federal Reserve System. 

Ann Misback, 

Secretary of the Board. 

Federal Deposit Insurance Corporation. 

By order of the Board of Directors. 

Dated at Washington, DC, on or about 

December 7, 2020. 

James P. Sheesley, 

Assistant Executive Secretary. 

[FR Doc. 2020–28155 Filed 12–21–20; 8:45 am] 

BILLING CODE 6210–01– 6714–01–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 January 6, 2021. 

A. Federal Reserve Bank of 

Minneapolis (Chris P. Wangen, 

Assistant Vice President) 90 Hennepin 

Avenue, Minneapolis, Minnesota 

55480–0291: 

1. Steven and Laurel Klefstad, 

Forman, North Dakota; to join the 

McLaen family shareholder group, a 

group acting in concert, to retain voting 

shares of Napoleon Bancorporation, 

Inc., Napoleon, North Dakota, and 

thereby indirectly retain voting shares of 

Stock Growers Bank, Forman, North 

Dakota. 

Board of Governors of the Federal Reserve 

System, December 17, 2020. 

Michele Taylor Fennell, 

Deputy Associate Secretary of the Board. 

[FR Doc. 2020–28199 Filed 12–21–20; 8:45 am] 

BILLING CODE 6210–01–P 

GENERAL SERVICES 

ADMINISTRATION 

[Notice-PBS–2020–11; Docket No. 2020– 

0002; Sequence No. 41] 

Notice of Intent To Prepare an 

Environmental Impact Statement for 

the Proposed Master Plan for the U.S. 

Food and Drug Administration Muirkirk 

Road Campus (Prince George’s 

County, Laurel, MD) 

AGENCY: National Capital Region, 

General Services Administration (GSA). 

ACTION: Notice of Intent to prepare an 

Environmental Impact Statement (EIS). 

SUMMARY: Pursuant to the requirements 

of the National Environmental Policy 

Act of 1969 (NEPA), the Council on 

Environmental Quality Regulations, 

GSA Order, ADM 1095.1F, 

Environmental Considerations in 

Decision Making, dated October 19, 

1999, and the GSA Public Buildings 

Service NEPA Desk Guide, GSA plans to 

prepare an EIS for a proposed Master 

Plan for the U.S. Food and Drug 

Administration’s (FDA) Muirkirk Road 

Campus (MRC), in Laurel, Maryland, 

located in Prince George’s County. The 

Master Plan will provide FDA with a 

structured framework for developing the 

MRC over the next 20 years. 

DATES: Applicable: December 22, 2020. 

FOR FURTHER INFORMATION CONTACT: 

Marshall Popkin, Office of Planning and 

Design Quality, Public Buildings 

Service, GSA, National Capital Region, 

at 202–919–0026. 

SUPPLEMENTARY INFORMATION: The GSA 

intends to prepare an EIS to analyze the 

potential impacts resulting from the 

proposed Master Plan to support the 

FDA MRC, in Laurel, Maryland, located 

in Prince George’s County. GSA will 

analyze four alternatives for the 

proposed MRC Master Plan: (1) No 

Action Alternative; (2) Development at 

the Mod 1/Mod 2 site; (3) Hybrid of 

Alternatives 2 and 4; and (4) 

Development at the Beltsville Research 

Facility site. The proposed action is 

anticipated to impact soils and 

topography; traffic and transit; water 

resources; vegetation; wildlife; air 

quality; greenhouse gases and climate; 

utilities; and waste management. No 

permits are required to adopt the Master 

Plan. Implementation of the Master Plan 

in the future could require the following 

permits and authorizations: 

• Dredge or fill permit under Section 

404 of the Clean Water Act 

• Coastal Zone Management 

Consistency Determination 

• State and local permits, including 

water and wastewater permits, 


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