Federal Register / Vol. 75, No. 180 / Friday, September 17, 2010 / Notices 57023 

recurring basis, with separate disclosure 

of these commitments if significant. 

Furthermore, current item 2.a, 

Nontrading securities at fair value with 

changes in fair value reported in current 

earnings, and current item 4, Deposits, 

would be renumbered as items 5.b.(1) 

and 8, respectively. 

Second, the agencies propose to 

modify the reporting criteria for 

Schedule Q. The current instructions 

require all branches that have adopted 

ASC Topic 820 and (1) have elected to 

account for financial instruments or 

servicing assets and liabilities at fair 

value under a fair value option or (2) 

have trading assets of $2 million or 

more in any of the four preceding 

calendar quarters, to complete Schedule 

Q. The agencies propose to maintain 

this reporting requirement for branches 

that use a fair value option or that have 

significant trading activity. In addition, 

the agencies propose to extend the 

requirement to complete Schedule Q to 

all branches that reported $500 million 

or more in total assets as of the 

preceding December 31, regardless of 

whether they have elected to apply a 

fair value option to financial or 

servicing assets and liabilities. 

The agencies believe that the 

proposed information is necessary to 

more accurately assess the impact of fair 

value accounting and fair value 

measurements for safety and soundness 

purposes. The collection of the 

information on Schedule Q, as 

proposed, will facilitate and enhance 

the banking agencies’ ability to monitor 

the extent of fair value accounting by 

branches, including the elective use of 

fair value accounting and the nature of 

the inputs used in the valuation process, 

pursuant to the disclosure requirements 

of ASC Topic 820. The information 

collected on Schedule Q is consistent 

with the disclosures required by ASC 

Topic 820 and consistent with industry 

practice for reporting fair value 

measurements and should, therefore, 

not impose significant incremental 

burden on branches. 

Paperwork Reduction Act Request for 

Comment 

Comments are invited on: 

a. Whether the information 

collections are necessary for the proper 

performance of the agencies’ functions, 

including whether the information has 

practical utility; 

b. The accuracy of the agencies’ 

estimate of the burden of the 

information collections, 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 the 

information collections on respondents, 

including through the use of automated 

collection techniques or other forms of 

information technology; and 

e. Estimates of capital or start up costs 

and costs of operation, maintenance, 

and purchase of services to provide 

information. 

Comments submitted in response to 

this notice will be shared among the 

agencies. All comments will become a 

matter of public record. Written 

comments should address the accuracy 

of the burden estimate and ways to 

minimize burden including the use of 

automated collection techniques or the 

use of other forms of information 

technology as well as other relevant 

aspects of the information collection 

request. 

Board of Governors of the Federal Reserve 

System, September 2, 2010. 

Jennifer J. Johnson, 

Secretary of the Board. 

[FR Doc. 2010–23231 Filed 9–16–10; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL RESERVE SYSTEM 

Change in Bank Control Notices; 

Acquisition of Shares of Bank or Bank 

Holding Companies 

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 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 office 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 October 

4, 2010. 

A. Federal Reserve Bank of St. Louis 

(Glenda Wilson, Community Affairs 

Officer) P.O. Box 442, St. Louis, 

Missouri 63166–2034: 

1. Kendall L. Combs and Patricia A. 

Combs, both of Hollister, Missouri; to 

retain control of Branson Bancshares, 

Inc., Branson, Missouri, and thereby 

indirectly retain control of Branson 

Bank, Branson, Missouri. 

Board of Governors of the Federal Reserve 

System, Sepetmber 14, 2010. 

Robert deV. Frierson, 

Deputy Secretary of the Board. 

[FR Doc. 2010–23229 Filed 9–16–10; 8:45 am] 

BILLING CODE 6210–01–S 

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 also will 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. 

Additional information on all bank 

holding companies may be obtained 

from the National Information Center 

website at www.ffiec.gov/nic/. 

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 October 14, 

2010. 

A. Federal Reserve Bank of San 

Francisco (Kenneth Binning, Vice 

President, Applications and 

Enforcement) 101 Market Street, San 

Francisco, California 94105–1579: 

1. Grandpoint Capital, Inc., Los 

Angeles, California; to acquire 100 

percent of the voting shares of Southern 

Arizona Community Bank, Tucson, 

Arizona. 


wwoods2 on DSK1DXX6B1PROD with NOTICES_PART 1