63628 Federal Register / Vol. 79, No. 206 / Friday, October 24, 2014 / Notices 

8See 79 FR 35634 (June 23, 2014) and 79 FR 

45808 (August 6, 2014). 

9Per the Board’s final stress test rule, $10–50 

billion companies are required to publicly disclose 

the beginning value, ending value, and minimum 

value of each regulatory capital ratio over the 

planning horizon. 

16 line item.8 Lastly, the commenter 

indicated that the required public 

disclosure of the regulatory capital 

ratios over the planning horizon under 

different capital rules will cause 

confusion among bank shareholders and 

the general public.9

The Federal Reserve believes that the 

proposed additional items to the FR Y– 

16 would not place an undue burden on 

$10–50 billion institutions as they have 

already been given additional time to 

incorporate the revised capital 

framework into their company-run 

stress tests. The interim final stress test 

rule on September 30, 2013 specifically 

provided $10–50 billion banking 

organizations with a one-year transition 

period to incorporate the revised capital 

framework into their company-run 

stress tests. The one-year transition 

period decreased the operational 

complexity and risk of error for these 

companies for the initial 2014 stress test 

cycle by allowing them to focus on 

implementing stress testing processes 

without reflecting the revised capital 

rules over the planning horizon. The 

one-year transition also allowed 

companies additional time to evaluate 

the revised capital framework’s effect on 

their regulatory capital items reported in 

the Call Report and FR Y–9C. Further, 

the Call Report and FR Y–9C regulatory 

capital schedules were revised effective 

March 2014 to reflect the revised capital 

framework for regulatory capital items 

for advanced approaches institutions; 

all other institutions, including $10–50 

billion institutions, are required to 

report the same revised regulatory 

capital schedule for March 31, 2015. In 

addition, the FR Y–16 reporting form 

and instructions has been updated to 

reference the applicable Call Report and 

FR Y–9C report items that should be 

reported over the planning horizon, 

including the new items that were 

created to capture the revised capital 

framework. The Federal Reserve will 

adjust the FR Y–16 schedules to be 

consistent with the final FR Y–9C and 

Call Report risk-weighted asset schedule 

changes once they are published. These 

adjustments are necessary to align the 

subcomponents of standardized riskweighted assets with total standardized 

risk-weighted assets and will likely 

alleviate confusion about calculating 

projected total risk-weighted assets over 

the planning horizon. Lastly, the public 

disclosure by companies of the stress 

test results using the new capital rules 

applicable in the projected quarters of 

the planning horizon is required by the 

Board’s final stress test rule and the 

Federal Reserve believes that this public 

disclosure will be informative to the 

public. 

In summary, the Federal Reserve will 

implement the FR Y–16 data items for 

the March 2015 report to reflect the 

revised capital framework as proposed. 

Specifically, the Federal Reserve will 

add the common equity tier 1 capital 

data item to the Balance Sheet Schedule 

for each scenario and a common equity 

tier 1 risk-based capital ratio data item 

to the Summary Schedule and the 

Balance Sheet Schedule for each 

scenario. The Office of the Comptroller 

of the Currency and Federal Deposit 

Insurance Corporation plan to make 

similar changes to their $10–50 billion 

company Dodd-Frank Act stress test 

reporting forms (OCC DFAST 10–50 

report: OMB No. 1557–0311 and FDIC 

DFAST 10–50 report OMB No. 3064– 

0189) to reflect the revised capital 

framework for the March 2015 report. 

B. Technical Changes/Other Items 

In response to a few technical, nonsubstantive comments received, some 

additional minor changes will be made 

in the final reporting form and 

instructions. These changes include 

clarified reporting instructions for the 

disallowed deferred tax asset and 

unrealized gains (losses) on availablefor-sale (AFS) securities line items and 

updated descriptions of the total capital 

and total risk-based capital line items. 

Board of Governors of the Federal Reserve 

System, October 20, 2014. 

Robert deV. Frierson, 

Secretary of the Board. 

[FR Doc. 2014–25289 Filed 10–23–14; 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 

November 7, 2014. 

A. Federal Reserve Bank of Chicago 

(Colette A. Fried, Assistant Vice 

President) 230 South LaSalle Street, 

Chicago, Illinois 60690–1414: 

1. The 2011 Colis Delta Trust, 

Oakbrook, Illinois, and George P. Colis; 

John N. Colis; Valerie Colis-Livaditus; 

and Leslie Colis-Ward, as trustees, to 

retain voting shares of Oxford Financial 

Corporation, and thereby indirectly 

retain voting shares of Oxford Bank and 

Trust, both in Oak Brook, Illinois. 

Board of Governors of the Federal Reserve 

System, October 20, 2014. 

Michael J. Lewandowski, 

Associate Secretary of the Board. 

[FR Doc. 2014–25264 Filed 10–23–14; 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 

November 10, 2014. 

A. Federal Reserve Bank of Richmond 

(Adam M. Drimer, Assistant Vice 

President) 701 East Byrd Street, 

Richmond, Virginia 23261–4528: 

1. Kenneth R. Lehman, Arlington, 

Virginia; to acquire voting shares of 

Village Bank & Trust Financial Corp., 

and thereby indirectly acquire voting 

shares of Village Bank, both in 

Midlothian, Virginia. 

B. Federal Reserve Bank of Atlanta 

(Chapelle Davis, Assistant Vice 

President) 1000 Peachtree Street NE., 

Atlanta, Georgia 30309: 

1. Stock Holdings of Delaware, LLC, 

Fort Walton Beach, Florida, acting 

individually, and in concert with a 


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