Notice2024-09170
Formations of, Acquisitions by, and Mergers of Bank Holding Companies Extension of Comment Period
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
April 29, 2024
Issuing agencies
Federal Reserve System
Full Text
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<title>Federal Register, Volume 89 Issue 83 (Monday, April 29, 2024)</title>
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[Federal Register Volume 89, Number 83 (Monday, April 29, 2024)]
[Notices]
[Page 33346]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-09170]
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FEDERAL RESERVE SYSTEM
Formations of, Acquisitions by, and Mergers of Bank Holding
Companies Extension of Comment Period
The company listed in this notice has 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 public portions of the application listed below, as well as
other related filings required by the Board, if any, are available for
immediate inspection at the Federal Reserve Bank indicated below and at
the offices of the Board of Governors. The public record of the
application, including all comments received, also is available on the
Board's public website at: <a href="https://www.federalreserve.gov/foia/capital-one-discover-application-materials.htm">https://www.federalreserve.gov/foia/capital-one-discover-application-materials.htm</a>. Interested persons may express
their views in writing on the standards enumerated in the BHC Act (12
U.S.C. 1842(c)), as well as the standards enumerated in section 4 of
the BHC Act (12 U.S.C. 1843). Unless otherwise noted, nonbanking
activities will be conducted throughout the United States.
Comments received are subject to public disclosure. In general,
comments received will be made available without change and will not be
modified to remove personal or business information including
confidential, contact, or other identifying information. Comments
should not include any information such as confidential information
that would not be appropriate for public disclosure.
The comment period for this application has been extended for good
cause in order to provide additional opportunity for interested persons
to submit comments. Comments regarding each of these applications must
be received at the Reserve Bank indicated or at 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
May 31, 2024.
A. Federal Reserve Bank of Richmond (Brent B. Hassell, Assistant
Vice President) P.O. Box 27622, Richmond, Virginia 23261 or
electronically to <a href="/cdn-cgi/l/email-protection#2a694547474f445e59044b5a5a4643494b5e434544596a58434942044c58480445584d"><span class="__cf_email__" data-cfemail="e3a08c8e8e868d9790cd8293938f8a8082978a8c8d90a3918a808bcd859181cd8c9184">[email protected]</span></a>:
1. Capital One Financial Corporation, McLean, Virginia; to acquire
Discover Financial Services, Riverwoods, Illinois, and thereby
indirectly acquire Discover Bank, Greenwood, Delaware. In connection
with this application, Capital One Financial Corporation to acquire DFS
Services LLC, Riverwoods, Illinois; Discover Financial Services
(Canada), Inc., Vancouver, British Columbia, Canada; PULSE Network LLC,
Houston, Texas; and Diners Club International Ltd., Riverwoods,
Illinois, and thereby engage in activities closely related to banking
including extending credit and servicing loans, activities related to
extending credit, and data processing pursuant to section 225.28(b)(1),
(b)(2), and (b)(14), respectively, of the Board's Regulation Y.
Board of Governors of the Federal Reserve System.
Ann Misback,
Secretary of the Board.
[FR Doc. 2024-09170 Filed 4-26-24; 8:45 am]
BILLING CODE P
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