Federal Register / Vol. 83, No. 151 / Monday, August 6, 2018 / Notices 38303 

number: 404–562–8293; email address: 

marraccini.davina@epa.gov. 

SUPPLEMENTARY INFORMATION: 

Details about Participating in the 

Event: The public is invited to speak 

during the August 14 listening session. 

Those interested in speaking can sign 

up for a 3-minute speaking slot on the 

EPA’s website at https://www.epa.gov/ 

pfas/pfas-community-engagement. 

Please check this website for event 

materials as they become available, 

including a full agenda, leading up to 

the event. 

The PFAS National Leadership 

Summit: On May 22–23, 2018, the EPA 

hosted the PFAS National Leadership 

Summit. During the summit, 

participants worked together to share 

information on ongoing efforts to 

characterize risks from PFAS, develop 

monitoring and treatment/cleanup 

techniques, identify specific near-term 

actions (beyond those already 

underway) that are needed to address 

challenges currently facing states and 

local communities, and develop risk 

communication strategies that will help 

communities to address public concerns 

regarding PFAS. 

The EPA wants to assure the public 

that their input is valuable and 

meaningful. Using information from the 

National Leadership Summit, public 

docket, and community engagements, 

the EPA plans to develop a PFAS 

Management Plan for release later this 

year. A summary of the North Carolina 

Community Engagement will be made 

available to the public following the 

event on the EPA’s PFAS Community 

Engagement website at: https://

www.epa.gov/pfas/pfas-communityengagement. 

Dated: July 27, 2018. 

Jennifer McLain, 

Acting Director, Office of Ground Water and 

Drinking Water. 

[FR Doc. 2018–16805 Filed 8–3–18; 8:45 am] 

BILLING CODE 6560–50–P 

FEDERAL RESERVE SYSTEM 

Proposed Agency Information 

Collection Activities; Comment 

Request 

AGENCY: Board of Governors of the 

Federal Reserve System. 

ACTION: Notice, request for comment. 

SUMMARY: The Board of Governors of the 

Federal Reserve System (Board) invites 

comment on a proposal to implement a 

new information collection, the SingleCounterparty Credit Limits (SCCL) (FR 

2590; OMB No. 7100–NEW) and 

associated notice requirements in 

connection with the final SCCL rule 

published elsewhere in this issue of the 

Federal Register. 

DATES: Comments must be submitted on 

or before October 5, 2018. 

ADDRESSES: You may submit comments, 

identified by FR 2590, by any of the 

following methods: 

• Agency website: http://

www.federalreserve.gov. Follow the 

instructions for submitting comments at 

http://www.federalreserve.gov/apps/ 

foia/proposedregs.aspx. 

• Email: regs.comments@

federalreserve.gov. Include OMB 

number in the subject line of the 

message. 

• FAX: (202) 452–3819 or (202) 452– 

3102. 

• Mail: Ann E. Misback, Secretary, 

Board of Governors of the Federal 

Reserve System, 20th Street and 

Constitution Avenue NW, Washington, 

DC 20551. 

All public comments are available 

from the Board’s website at http://

www.federalreserve.gov/apps/foia/ 

proposedregs.aspx as submitted, unless 

modified for technical reasons or to 

remove personal identifying information 

at the commenter’s request. Public 

comments may also be viewed 

electronically or in paper form in Room 

3515, 1801 K Street NW (between 18th 

and 19th Streets NW), Washington, DC 

20006 between 9:00 a.m. and 5:00 p.m. 

on weekdays. For security reasons, the 

Board requires that visitors make an 

appointment to inspect comments. You 

may do so by calling (202) 452–3684. 

Upon arrival, visitors will be required to 

present valid government-issued photo 

identification and to submit to security 

screening in order to inspect and 

photocopy comments. Additionally, 

commenters may send a copy of their 

comments to the OMB Desk Officer— 

Shagufta Ahmed—Office of Information 

and Regulatory Affairs, Office of 

Management and Budget, New 

Executive Office Building, Room 10235, 

725 17th Street NW, Washington, DC 

20503 or by fax to (202) 395–6974. 

FOR FURTHER INFORMATION CONTACT: A 

copy of the PRA OMB submission, 

including the proposed reporting form 

and instructions, supporting statement, 

and other documentation will be placed 

into OMB’s public docket files, once 

approved. These documents will also be 

made available on the Federal Reserve 

Board’s public website at: http://

www.federalreserve.gov/apps/ 

reportforms/review.aspx or may be 

requested from the agency clearance 

officer, whose name appears below. 

Federal Reserve Board Clearance 

Officer—Nuha Elmaghrabi—Office of 

the Chief Data Officer, Board of 

Governors of the Federal Reserve 

System, Washington, DC 20551, (202) 

452–3829. Telecommunications Device 

for the Deaf (TDD) users may contact 

(202) 263–4869, Board of Governors of 

the Federal Reserve System, 

Washington, DC 20551. 

SUPPLEMENTARY INFORMATION: On June 

15, 1984, the Office of Management and 

Budget (OMB) delegated to the Board 

authority under the Paperwork 

Reduction Act (PRA) to approve of and 

assign OMB control numbers to 

collection of information requests and 

requirements conducted or sponsored 

by the Board. In exercising this 

delegated authority, the Board is 

directed to take every reasonable step to 

solicit comment. In determining 

whether to approve a collection of 

information, the Board will consider all 

comments received from the public and 

other agencies. 

Request for Comment on Information 

Collection Proposal 

The Board invites public comment on 

the following information collection, 

which is being reviewed under 

authority delegated by the OMB under 

the PRA. Comments are invited on the 

following: 

a. Whether the proposed collection of 

information is necessary for the proper 

performance of the Board’s functions, 

including whether the information has 

practical utility; 

b. The accuracy of the Board’s 

estimate of the burden of the proposed 

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; 

d. Ways to minimize the burden of 

information collection on respondents, 

including through the use of automated 

collection techniques or other forms of 

information technology; and 

e. Estimates of capital or startup costs 

and costs of operation, maintenance, 

and purchase of services to provide 

information. 

At the end of the comment period, the 

comments and recommendations 

received will be analyzed to determine 

the extent to which the Board should 

modify the proposal. 

Proposal To Approve Under OMB 

Delegated Authority the 

Implementation of a New Information 

Collection 

Report title: Single-Counterparty 

Credit Limits. 

Agency form number: FR 2590. 


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38304 Federal Register / Vol. 83, No. 151 / Monday, August 6, 2018 / Notices 

1 ‘‘Major covered company,’’ ‘‘major foreign 

banking organization,’’ and ‘‘major U.S. 

intermediate holding company’’ are defined terms 

in the final SCCL rule. See § 252.71(y), 252.171(z), 

252.171(aa). 

2 ‘‘Counterparty’’ is a defined term in the final 

SCCL rule. See § 252.71(e), 252.171(f). 

3The requirement to aggregate counterparties 

based on these relationships can be found in 

§ 252.76 and 252.176 of the SCCL rule. 

4Calculation of gross credit exposure as a result 

of item (vii) (securitization arising from the lookthrough approach) is described in § 252.75 and 

252.175 of the SCCL rule. Gross credit exposure to 

a securitization that does not require application of 

the look-through approach would be reported as 

either item (iii) (debt securities or investments) or 

item (iv) (equity securities or investments), as 

applicable. 

5 ‘‘Main index’’ is defined in the Board’s capital 

rules, 12 CFR part 217. 

OMB control number: 7100–NEW. 

Frequency: Quarterly; event-generated 

for requests for temporary relief. 

Respondents: U.S. bank holding 

companies (BHCs) with total 

consolidated assets that equal or exceed 

$250 billion, foreign banking 

organizations (FBOs) with U.S. banking 

operations and total consolidated assets 

that equal or exceed $250 billion, and 

the U.S. intermediate holding 

companies (IHCs) of such FBOs with 

total consolidated assets of at least $50 

billion. Based on data as of December 

31, 2017, this respondent panel would 

include 10 U.S. BHCs, 12 U.S. IHCs, and 

82 FBOs. 

Estimated number of respondents: 

104; 3 for requests for temporary relief. 

Estimated average hours per response: 

254 for ongoing and 1,273 for one-time 

implementation and 10 for requests for 

temporary relief. 

Estimated annual burden hours: 

237,982 (which includes 132,392 for 

one-time implementation and 30 for 

requests for temporary relief). 

General description of report: The 

proposed reporting form would provide 

the Federal Reserve with information to 

monitor a covered company’s or a 

covered foreign entity’s compliance 

with the SCCL set forth in the final 

SCCL rule published elsewhere in this 

issue of the Federal Register. The report 

would comprehensively capture the 

credit exposures of a respondent 

organization to its counterparties in 

accordance with the SCCL rule. A 

covered company is any U.S. BHC 

identified as a global systemically 

important BHC (GSIB) under the Board’s 

Regulation Q and any other U.S. BHC 

with total consolidated assets that equal 

or exceed $250 billion. A covered 

foreign entity is any entity that is part 

of the combined U.S. operations of an 

FBO with total global consolidated 

assets that equal or exceed $250 billion, 

and any U.S. IHC of such an FBO with 

total consolidated assets that equal or 

exceed $50 billion. 

The reporting form first asks for 

general information about the 

respondent organization (e.g., the 

respondent organization’s full legal 

name; the amount of its capital stock 

and surplus; whether the respondent 

would be considered a major covered 

company, major foreign banking 

organization, or major U.S. intermediate 

holding company under the final SCCL 

rule).1 The reporting form also permits 

any respondent that is an FBO to certify 

that it is subject to and complies with 

large exposure standards on a 

consolidated basis established by its 

home-country supervisor that are 

consistent with the large exposures 

framework published by the Basel 

Committee on Banking Supervision. The 

reporting form then requests data 

required to calculate the respondent 

organization’s credit exposures and 

requires identification of counterparties 

by name and by entity type (e.g., 

sovereign entities, securitization funds). 

The form would require each 

respondent organization to report its top 

50 counterparties.2

The FR 2590 includes nine schedules. 

Five of these schedules (Schedules G–1 

through G–5) collect information related 

to the gross exposures of the respondent 

organization to various counterparties, 

as calculated pursuant to the methods in 

§ 252.73 and 252.173, respectively, of 

the SCCL rule. A respondent 

organization must add the exposure 

amounts in the five G schedules to 

calculate its aggregate gross credit 

exposure. 

A respondent organization would 

then calculate its net credit exposure by 

adjusting its gross credit exposures 

using Schedules M–1 and M–2, which 

collect information related to eligible 

collateral and other eligible risk 

mitigants (e.g., eligible guarantees), 

respectively, pursuant to § 252.74 and 

252.174 of the SCCL rule. 

The respondent organization must 

take into account special provisions in 

the SCCL rule that require aggregation of 

certain connected counterparties due to 

economic interdependence—meaning 

the underlying risk of one 

counterparty’s financial distress or 

failure would cause the financial 

distress or failure of another 

counterparty, as indicated by the 

presence of certain enumerated factors 

in the SCCL rule—or due to the 

presence of certain control relationships 

described in the SCCL rule.3 Data 

relevant to understanding the presence 

of any relationships that require such 

aggregation are reported in Schedules 

A–1 and A–2. 

In filling out the schedules described 

above, the respondent organization must 

report exposures by counterparty, with 

a single counterparty in each row. The 

reporting form requires each respondent 

organization to report its top 50 

counterparties. 

Detailed Discussion of Proposed 

Information Collection Activity 

Schedule G–1: General Exposures 

This schedule contains seven general 

gross credit exposure categories that are 

described in § 252.73, 252.75, 252.173, 

and 252.175 of the SCCL rule: (i) 

Deposits; (ii) loans and leases; (iii) debt 

securities or investments; (iv) equity 

securities or investments; (v) committed 

credit lines; (vi) guarantees and letters 

of credit; and (vii) securitization arising 

from the look-through approach.4 These 

gross exposures are summed together, 

by counterparty, in the final column of 

Schedule G–1. 

Schedule G–2: Repurchase Agreement 

Exposures 

This schedule collects gross credit 

exposures arising from repurchase 

agreements and reverse repurchase 

agreements as provided in § 252.73 and 

252.173 of the SCCL rule. It requires the 

respondent organization to identify the 

assets transferred and received in the 

transaction. Examples include sovereign 

entity debt, non-sovereign entity debt, 

main index equities,5 and cash. The 

penultimate column asks for the total 

gross credit exposure under bilateral 

netting agreements. The final column 

tallies the total gross credit exposure 

resulting from these transactions by 

counterparty. 

Schedule G–3: Securities Lending 

Exposures 

This schedule collects similar 

information to that collected in 

Schedule G–2 with respect to securities 

lending and securities borrowing 

transactions. Again, the final column 

tallies the total gross credit exposure 

resulting from these transactions by 

counterparty. 

Schedule G–4: Derivatives Exposures 

Schedule G–4 requires the respondent 

organization to report the gross notional 

amount of its derivatives transactions— 

interest rate, foreign exchange rate, 

credit, equity, commodity, or other—by 

counterparty, consistent with § 252.73 

and 252.173 of the SCCL rule. If the 

respondent organization has been 

authorized by the Board to use internal 

models to value such transactions, then 


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Federal Register / Vol. 83, No. 151 / Monday, August 6, 2018 / Notices 38305 

6 If the respondent organization has not been 

authorized by the Board to use internal models, 

these columns would remain blank. 

7 ‘‘Qualifying master netting agreement’’ is 

defined in § 252.71(cc) and 252.171(ee) of the SCCL 

rule. 

8See § 252.74(g) and 252.174(g) of the SCCL rule. 

‘‘Exempt counterparty’’ is defined in the SCCL rule 

to mean an entity that is expressly exempted from 

or otherwise excluded from the requirements of the 

SCCL rule. See §§ 252.71(q) and 252.171(r) of the 

SCCL rule. 

9 ‘‘Eligible collateral’’ is defined in sections 

252.71(k) and 252.171(l). 

10As noted above, a respondent organization’s 

aggregate net credit exposure limits under the SCCL 

rule are based on a percentage of either its capital 

stock and surplus or its tier 1 capital, depending on 

the size of the respondent organization. ‘‘Eligible 

capital base,’’ as reported on this form, refers to 

either the respondent organization’s capital stock 

and surplus or its tier 1 capital, as applicable. 

11This requirement does not apply to U.S. IHCs 

with total consolidated assets of less than $250 

billion, unless the Board determines in writing after 

notice and opportunity for hearing that the covered 

foreign entity must aggregate its exposures to two 

or more counterparties to prevent evasions of the 

purposes of subpart Q of Regulation YY (12 CFR 

part 252, subpart Q). See § 252.176 of the SCCL 

rule. 

12A covered company, foreign banking 

organization that is a covered foreign entity, or U.S. 

IHC with total consolidated assets that equal or 

exceed $250 billion is required to conduct an 

assessment for economic interdependence only if 

its aggregate net credit exposure to a counterparty 

exceeds 5 percent of its tier 1 capital. See 

§§ 252.76(b) and 252.176(b) of the SCCL rule. If 

none of the enumerated factors are met, then the 

covered company or covered foreign entity need not 

aggregate exposures to those counterparties unless 

the Board determines that one or more other 

counterparties of the covered company or covered 

foreign entity are economically interdependent. Id. 

13This requirement does not apply to U.S. IHCs 

with total consolidated assets of less than $250 

billion, unless the Board determines in writing after 

notice and opportunity for hearing that a covered 

company must aggregate its exposures to two or 

more counterparties to prevent evasions of the 

purposes of subpart Q of Regulation YY (12 CFR 

part 252, subpart Q). See § 252.176 of the SCCL 

rule. 

it can report its exposures using the 

‘‘Internal Model Method’’ columns.6

Another column in Schedule G–4 is 

available for a respondent organization 

to report gross credit exposures 

resulting from qualifying master netting 

agreements.7 All respondent 

organizations are required to complete 

the total gross credit exposure column. 

Schedule G–5: Risk-Shifting Exposures 

Schedule G–5 collects information 

related to gross credit exposures that 

have been impacted by the risk shifting 

requirements of § 252.74 and 252.174 of 

the SCCL rule. Risk-shifting is required 

when a respondent organization 

employs five types of credit risk 

mitigants: (i) Eligible collateral; (ii) 

eligible guarantees; (iii) eligible credit 

derivatives; (iv) other eligible hedges; or 

(v) unused portion of certain extensions 

of credit. Risk-shifting may also be 

required in connection with credit 

transactions involving exempt 

counterparties.8 The final column 

aggregates the total gross exposure, by 

counterparty, due to risk-shifting. 

Schedule M–1: Eligible Collateral 

Sections 252.74 and 252.174 of the 

SCCL rule permit a respondent 

organization to subtract the value of any 

‘‘eligible collateral’’ provided by a 

counterparty in connection with a 

particular transaction from its gross 

credit exposure for that transaction.9

The value of all such eligible collateral 

is reported in Schedule M–1. Eligible 

collateral include, but are not limited to, 

sovereign debt, non-sovereign debt, 

main index equities, other publicly 

traded equities, and cash. The final 

column sums the total credit risk 

mitigation impact due to eligible 

collateral, by counterparty. 

Schedule M–2: General Risk Mitigants 

Schedule M–2 collects information 

related to credit risk mitigation 

techniques other than the receipt of 

eligible collateral used by the firm to 

reduce its gross credit exposure in a 

given transaction. Permitted credit risk 

mitigation methods, described in 

§ 252.74 and 252.174 of the SCCL rule, 

are (i) eligible guarantees; (ii) eligible 

credit derivatives; (iii) other eligible 

hedges; (iv) unused portion of certain 

extensions of credit; and (v) credit 

transactions involving exempt entities. 

The final column sums the total credit 

risk mitigation effected by use of these 

techniques, by counterparty. 

Summary Sheet 

The reporting form contains a 

summary sheet that sums the 

respondent organization’s aggregate 

gross credit exposure (as reported in the 

final columns of each of the five G 

schedules); calculates the respondent 

organization’s aggregate net credit 

exposures by reducing its aggregate 

gross credit exposure by its aggregate 

credit risk mitigants (calculated by 

taking the sum of the final columns of 

the two M schedules); and divides the 

respondent organization’s aggregate net 

credit exposure by its eligible capital 

base.10 The resulting ratio shows 

whether the respondent organization’s 

aggregate net credit exposures comply 

with the limits of the SCCL rule. 

Schedule A–1: Economic 

Interdependence 

Sections 252.76(b) and 252.176(b) of 

the SCCL rule require a covered 

company, a covered foreign entity, or 

U.S. IHC with total consolidated assets 

that equal or exceed $250 billion to 

aggregate its net credit exposures to 

counterparties that are economically 

interdependent—meaning that the 

underlying risk of one counterparty’s 

financial distress or failure would cause 

the financial distress or failure of 

another counterparty.11 Those sections 

enumerate specific factors that those 

covered companies or covered foreign 

entities must consider in order to assess 

whether counterparties are 

economically interdependent. Such 

factors include whether 50 percent or 

more of one counterparty’s gross 

revenue is derived from the other 

counterparty, or whether two or more 

counterparties rely on the same source 

for the majority of their funding.12 The 

SCCL rule requires that counterparties 

that must be aggregated be treated as a 

single counterparty (reported in 

Schedule A–1 as an ‘‘interconnected 

counterparty group’’) for purposes of the 

aggregate net credit exposure limits of 

the SCCL rule. Schedule A–1 requires 

the respondent organization to provide 

its aggregate net credit exposure to each 

member of the interconnected 

counterparty group (one per column). 

The final column of Schedule A–1 sums 

the total net credit exposure of the 

respondent organization to each 

connected counterparty group. 

Schedule A–2: Control Relationships 

Sections 252.76(c) and 252.176(c) of 

the SCCL rule require a covered 

company, a covered foreign entity, or 

U.S. IHC with total consolidated assets 

that equal or exceed $250 billion to 

aggregate exposures to counterparties 

due to the presence of certain control 

relationships.13 These sections require 

that counterparties that are connected 

by certain specified control 

relationships must be treated as a single 

counterparty (reported in Schedule A–2 

as a ‘‘control counterparty group’’) for 

purposes of the aggregate net credit 

exposure limits of the SCCL rule. 

Schedule A–2 requires the respondent 

organization to provide its aggregate net 

credit exposure to each member of the 

control counterparty group (one per 

column). The final column of Schedule 

A–2 sums the total net credit exposure 

of the respondent organization to each 

control counterparty group. 

In addition, certain provisions in the 

SCCL rule permit a covered company or 

covered foreign entity to request 

temporary relief from specific 

requirements of the rule. Specifically, 

the SCCL rule permits a covered 

company or covered foreign entity to 

request temporary relief from 


sradovich on DSK3GMQ082PROD with NOTICES
38306 Federal Register / Vol. 83, No. 151 / Monday, August 6, 2018 / Notices 

14See §§ 252.76(b)(3), 252.76(c)(2), 252.176(b)(3), 

and 252.176(c)(2) of the SCCL rule. 

15See § 252.78(c)(2) and 252.178(c)(2) of the 

SCCL rule. 

requirements to aggregate one or more 

counterparties even if one or more 

factors indicating economic 

interdependence or control 

relationships are met, subject to certain 

conditions, including that such relief be 

in the public interest and consistent 

with the purpose of the rule.14 The 

SCCL rule also permits a covered 

company or covered foreign entity that 

is not in compliance with the 

requirements of the rule to request a 

special temporary credit exposure limit 

exemption from the Board to permit 

continued credit transactions with that 

counterparty, based upon a finding that 

those transactions are necessary or 

appropriate to preserve the safety and 

soundness of the covered company or 

U.S. financial stability.15

Legal authorization and 

confidentiality: Section 165(e) of the 

Dodd-Frank Act (12 U.S.C. 5365(e)) and 

section 5(c)(1) of the Bank Holding 

Company Act of 1956 (12 U.S.C. 

1844(c)(1)) authorize the Board to 

require these BHCs, FBOs, and U.S. 

IHCs to file a reporting form such as the 

proposed FR 2590 with the Board. The 

proposed FR 2590 would be mandatory 

for U.S. BHCs with total consolidated 

assets that equal or exceed $250 billion, 

FBOs with U.S. banking operations and 

total consolidated assets that equal or 

exceed $250 billion, and U.S. IHCs of 

such FBOs with at least $50 billion in 

total consolidated assets. 

The data collected on this proposed 

form includes financial information that 

is not normally disclosed by the 

respondent organizations, the release of 

which would likely cause substantial 

harm to the competitive position of the 

respondent organization if made 

publicly available. Therefore, the data 

collected on this form would be kept 

confidential under exemption 4 of the 

Freedom of Information Act, which 

protects from disclosure trade secrets 

and commercial or financial information 

(5 U.S.C. 552(b)(4)). 

Regarding notices associated with 

requests for temporary relief from 

specific requirements of the SCCL rule, 

a firm that wishes information in these 

notices to be kept confidential in 

accordance with exemption 4 of the 

Freedom of Information Act (5 U.S.C. 

552(b)(4)) may request confidential 

treatment under the Board’s rules 

regarding confidential treatment of 

information at 12 CFR 261.15. The 

Board’s Legal Division will be asked to 

review the confidentiality status of such 

notices. 

By order of the Board of Governors of the 

Federal Reserve System, July 24, 2018. 

Yao-Chin Chao, 

Assistant Secretary of the Board. 

[FR Doc. 2018–16132 Filed 8–3–18; 8:45 am] 

BILLING CODE 6210–01–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 (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 

notices are set forth in paragraph 7 of 

the Act (12 U.S.C. 1817(j)(7)). 

The notices are available for 

immediate inspection at the Federal 

Reserve Bank indicated. The notices 

also will be available for inspection at 

the offices of the Board of Governors. 

Interested persons may express their 

views in writing to the Reserve Bank 

indicated for that notice or to the offices 

of the Board of Governors. Comments 

must be received not later than August 

20, 2018. 

A. Federal Reserve Bank of Kansas 

City (Dennis Denney, Assistant Vice 

President) 1 Memorial Drive, Kansas 

City, Missouri 64198–0001: 

1. Ernest E. (Gene) Dillard, Sheila A. 

Dillard, and Aaron D. Dillard, all of 

Tulsa Oklahoma, and Sarah E. Dillard, 

Dallas, Texas; to acquire voting shares 

of First Pryor Bancorp, Inc., Pryor, 

Oklahoma, and thereby be approved as 

members of the Dillard family group, 

which owns voting shares of First Pryor 

Bancorp, Inc. and thereby indirectly 

owns First Pryority Bank, Pryor, 

Oklahoma, and Locust Grove Banshares, 

Inc., Locust Grove, Oklahoma, which 

owns Lakeside Bank of Salina, Salina, 

Oklahoma, and Bank of Locust Grove, 

Locust Grove, Oklahoma. 

Board of Governors of the Federal Reserve 

System, July 31, 2018. 

Yao-Chin Chao, 

Assistant Secretary of the Board. 

[FR Doc. 2018–16701 Filed 8–3–18; 8:45 am] 

BILLING CODE P 

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 applications listed below, as well 

as other related filings required by the 

Board, are available for immediate 

inspection at the Federal Reserve Bank 

indicated. The applications will also be 

available for inspection at the offices of 

the Board of Governors. Interested 

persons may express their views in 

writing on the standards enumerated in 

the BHC Act (12 U.S.C. 1842(c)). If the 

proposal also involves the acquisition of 

a nonbanking company, the review also 

includes whether the acquisition of the 

nonbanking company complies with the 

standards in section 4 of the BHC Act 

(12 U.S.C. 1843). Unless otherwise 

noted, nonbanking activities will be 

conducted throughout the United States. 

Unless otherwise noted, comments 

regarding each of these applications 

must be received at the Reserve Bank 

indicated or the offices of the Board of 

Governors not later than August 31, 

2018. 

A. Federal Reserve Bank of Dallas 

(Robert L. Triplett III, Senior Vice 

President) 2200 North Pearl Street, 

Dallas, Texas 75201–2272: 

1. Steele Holdings, Inc., Tyler, Texas; 

to merge with Joaquin Bankshares, Inc., 

Huntington, Texas, and thereby 

indirectly acquire Texas State Bank, 

Joaquin, Texas. 

Board of Governors of the Federal Reserve 

System, August 1, 2018. 

Yao-Chin Chao, 

Assistant Secretary of the Board. 

[FR Doc. 2018–16753 Filed 8–3–18; 8:45 am] 

BILLING CODE P 

FEDERAL RESERVE SYSTEM 

Formations of, Acquisitions by, and 

Mergers of Savings and Loan Holding 

Companies 

The companies listed in this notice 

have applied to the Board for approval, 

pursuant to the Home Owners’ Loan Act 


sradovich on DSK3GMQ082PROD with NOTICES