Federal Register / Vol. 87, No. 66 / Wednesday, April 6, 2022 / Notices 19931 

1 12 U.S.C. 3353(a). 

2 12 U.S.C. 3353(e). 

3 12 U.S.C. 3338(a). 

4 12 U.S.C. 3353. 

5 12 U.S.C. 3353(c). 

6 5 U.S.C. 552(b)(8). 

7 5 U.S.C. 552(b)(4). 

225.192(b), 99; Section 225.193(b), 

2,292; Section 225.195(c), 26; Section 

225.196, 51. 

General description of report: The 

Board’s recordkeeping and disclosure 

requirements associated with the 

minimum requirements for AMCs are 

found in sections 225.192, 225.193, 

225.195, and 225.196 of the Board’s 

Regulation Y, Subpart M. 

Pursuant to section 225.193(a), each 

participating state must establish and 

maintain within its appraiser certifying 

and licensing agency a registration and 

supervision program with the legal 

authority and mechanisms to, among 

other things, review and approve or 

deny an AMC’s application for initial 

registration; require AMCs to submit 

reports, information, and documents; 

and report violations of appraisalrelated laws, regulations, or orders, as 

well as disciplinary and enforcement 

actions, to the Appraisal Subcommittee 

(ASC) of the Federal Financial 

Institutions Examination Council. 

Section 225.192(b) provides that an 

appraiser in an AMC’s network or panel 

is deemed to remain a part of the AMC’s 

appraiser panel until the AMC (1) sends 

a written notice to the appraiser 

removing the appraiser with an 

explanation or (2) receives a written 

notice from the appraiser asking to be 

removed or a notice of the death or 

incapacity of the appraiser. Section 

225.193(b) requires each participating 

state to require non-federally regulated 

AMCs to register with the state 

appraiser certifying and licensing 

agency. 

Section 225.195(c) requires a federally 

regulated AMC to report to the state or 

states in which it operates the 

information required to be submitted by 

the state pursuant to the ASC’s policies 

regarding the determination of the AMC 

National Registry fee, including 

information relating to certain 

ownership limitations in the regulation. 

Section 225.196 requires that each 

participating state submit to the ASC the 

information required to be submitted by 

the ASC regulations or guidance 

concerning AMCs that operate in the 

state. 

Legal authorization and 

confidentiality: The Financial 

Institutions Reform, Recovery, and 

Enforcement Act of 1989 authorizes the 

FR HY–5. Agencies must ‘‘jointly, by 

rule, establish minimum requirements 

to be applied by a State in the 

registration of [AMCs].’’ 1 The Agencies 

further must ‘‘jointly promulgate 

regulations for the reporting of the 

activities of [AMCs] to the [ASC] in 

determining the payment of the annual 

registry fee.’’ 2 Each participating state 

with an appraiser certifying and 

licensing agency must also transmit to 

the ASC ‘‘[1] a roster listing individuals 

who have received a State certification 

or license . . . [2] reports on the 

issuance and renewal of licenses and 

certifications, sanctions, disciplinary 

actions, and license and certification 

revocations, and license and 

certification suspensions on a timely 

basis to the national registry of the 

[ASC] . . . [3] including investigations 

initiated and disciplinary actions 

taken.’’ 3

The HY–5 reporting and 

recordkeeping requirements are 

required to obtain a benefit for states 

because AMCs, unless they are owned 

and controlled by a federally regulated 

depository institution, are barred from 

providing appraisal management 

services for federally related 

transactions in a state that has not 

adopted the minimum AMC 

requirements.4 The FR HY–5 

recordkeeping and disclosure 

requirements are mandatory for an AMC 

that is: (1) An AMC that is a subsidiary 

owned and controlled by a financial 

institution and regulated by a federal 

financial institution regulatory agency,5

or (2) is registered with a state that has 

a state appraiser certifying and licensing 

agency. 

The Federal Reserve does not collect 

information subject to the HY–5 

requirements. If information subject to 

the HY–5 requirements is obtained as 

part of an examination or supervision of 

a financial institution, it may be 

considered confidential under 

exemption 8 of the Freedom of 

Information Act (FOIA).6 Information 

subject to the HY–5 requirements may 

also be kept confidential under FOIA 

exemption 4 if it is confidential 

commercial or financial information 

that is both customarily and actually 

treated as private.7

Current actions: On December 3, 

2021, the Board published a notice in 

the Federal Register (86 FR 68664) 

requesting public comment for 60 days 

on the extension, without revision, of 

the FR HY–5. The comment period for 

this notice expired on February 1, 2022. 

The Board did not receive any 

comments. 

Board of Governors of the Federal Reserve 

System, April 1, 2022. 

Margaret Shanks, 

Deputy Secretary of the Board. 

[FR Doc. 2022–07224 Filed 4–5–22; 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 (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 April 21, 2022. 

A. Federal Reserve Bank of 

Minneapolis (Chris P. Wangen, 

Assistant Vice President), 90 Hennepin 

Avenue, Minneapolis, Minnesota 

55480–0291. Comments can also be sent 

electronically to MA@mpls.frb.org: 

1. Bosshard Bank Irrevocable Trust, u/ 

a/d October 21, 2021, South Dakota 

Trust Company LLC, as trustee, both of 

Sioux Falls, South Dakota; Andrew R. 

Bosshard, individually and as trust 

protector of the aforementioned trust, La 

Crosse, Wisconsin; Nathan BosshardBlackey, Mill Valley, California; and 

Elizabeth Bosshard-Blackey, Edina, 

Minnesota, both individually and as 

investment committee members of the 

aforementioned trust; and Elizabeth 

Bosshard-Blackey 2022 Irrevocable 

Bank Trust, u/a/d January 7, 2022, 

Andrew R. Bosshard, as trustee, both of 


lotter on DSK11XQN23PROD with NOTICES1
19932 Federal Register / Vol. 87, No. 66 / Wednesday, April 6, 2022 / Notices 

La Crosse, Wisconsin; and Piercarlo 

Valdesolo, with power to remove or 

appoint trustee, Edina, Minnesota; all to 

join a group acting in concert to acquire 

voting shares of Bosshard Banco, Ltd., 

La Crosse, Wisconsin, and indirectly 

acquire voting shares of Intercity State 

Bank, Schofield, Wisconsin, and The 

First National Bank of Bangor, Bangor, 

Wisconsin. 

2. Bosshard Bank Irrevocable Trust, u/ 

a/d October 21, 2021, South Dakota 

Trust Company LLC, as trustee, both of 

Sioux Falls, South Dakota; Andrew R. 

Bosshard, individually and as trust 

protector, La Crosse, Wisconsin; Nathan 

Bosshard-Blackey, individually and as 

investment committee member, Mill 

Valley, California; and Elizabeth 

Bosshard-Blackey, individually and as 

investment committee member, Edina, 

Minnesota; to join a group acting in 

concert to acquire voting shares of 

Clayton Bankshares, Inc., and indirectly 

acquire voting shares of Citizens State 

Bank-La Crosse, both of La Crosse, 

Wisconsin. 

3. Sarah M. Getzlaff, Bismarck, North 

Dakota; to acquire voting shares of 

Oliver Bancorporation, Inc., Center, 

North Dakota, and thereby indirectly 

acquire voting shares of Security First 

Bank of North Dakota, New Salem, 

North Dakota. 

Board of Governors of the Federal Reserve 

System, March 31, 2022. 

Michele Taylor Fennell, 

Deputy Associate Secretary of the Board. 

[FR Doc. 2022–07179 Filed 4–5–22; 8:45 am] 

BILLING CODE 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 April 21, 2022. 

A. Federal Reserve Bank of Dallas 

(Karen Smith, Director, Applications) 

2200 North Pearl Street, Dallas, Texas 

75201–2272: 

1. The Estate of H.L. Baker, Jr., Sheri 

Barnhart, individually, and as executrix, 

the John R. Barnhart III Trust, the 

Matthew Barnhart Trust, and the 

Samantha Barnhart Trust, John 

Barnhart, Jr., individually, and with 

Sheri Barnhart, as co-trustees of all the 

trusts, all of Lake Jackson, Texas; to 

become the Barnhart Family Group, a 

group acting in concert, to retain voting 

shares of Austin Colony, Inc., and 

thereby indirectly retain voting shares of 

First National Bank, both of Lake 

Jackson, Texas. 

In addition, the Baker Management 

Trust, Sheri Barnhart, as trustee, both of 

Lake Jackson, Texas; to join the 

Barnhart Family Group to acquire voting 

shares of Austin Colony, Inc., and 

thereby indirectly acquire voting shares 

of First National Bank. 

Board of Governors of the Federal Reserve 

System, April 1, 2022. 

Ann E. Misback, 

Secretary of the Board. 

[FR Doc. 2022–07234 Filed 4–5–22; 8:45 am] 

BILLING CODE P 

FEDERAL RESERVE SYSTEM 

Agency Information Collection 

Activities: Announcement of Board 

Approval Under Delegated Authority 

and Submission to OMB 

AGENCY: Board of Governors of the 

Federal Reserve System. 

SUMMARY: The Board of Governors of the 

Federal Reserve System (Board) is 

adopting a proposal to extend for three 

years, without revision, the 

Recordkeeping Requirements of 

Regulation H and Regulation K 

Associated with the Procedures for 

Monitoring Bank Secrecy Act 

Compliance (FR K; OMB No. 7100– 

0310). 

FOR FURTHER INFORMATION CONTACT: 

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. 

Office of Management and Budget 

(OMB) Desk Officer for the Federal 

Reserve Board, 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. 

SUPPLEMENTARY INFORMATION: On June 

15, 1984, OMB delegated to the Board 

authority under the Paperwork 

Reduction Act (PRA) to approve and 

assign OMB control numbers to 

collections of information conducted or 

sponsored by the Board. Boardapproved collections of information are 

incorporated into the official OMB 

inventory of currently approved 

collections of information. The OMB 

inventory, as well as copies of the PRA 

Submission, supporting statements, and 

approved collection of information 

instrument(s) are available at https://

www.reginfo.gov/public/do/PRAMain. 

These documents are also available on 

the Federal Reserve Board’s public 

website at https://www.federalreserve.

gov/apps/reportforms/review.aspx or 

may be requested from the agency 

clearance officer, whose name appears 

above. 

Final Approval Under OMB Delegated 

Authority of the Extension for Three 

Years, Without Revision, of the 

Following Information Collection 

Report title: Recordkeeping 

Requirements of Regulation H and 

Regulation K Associated with the 

Procedures for Monitoring Bank Secrecy 

Act Compliance. 

Agency form number: FR K. 

OMB control number: 7100–0310. 

Frequency: Annual. 

Respondents: State member banks; 

Edge Act and agreement corporations; 

and U.S. branches, agencies, and 

representative offices of foreign banks 

supervised by the Board, except for a 

federal branch or a federal agency or a 

state branch that is insured by the 

Federal Deposit Insurance Corporation 

(FDIC). 

Estimated number of respondents: 

Establish compliance program—1; 

Maintenance of compliance program— 

906. 

Estimated average hours per response: 

Establish compliance program—16; 

Maintenance of compliance program—4. 

Estimated annual burden hours: 

Establish compliance program—16; 

Maintenance of compliance program— 

3,624. 


lotter on DSK11XQN23PROD with NOTICES1