[Federal Register Volume 87, Number 59 (Monday, March 28, 2022)]
[Notices]
[Page 17292]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-06362]


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FEDERAL RESERVE SYSTEM


Notice of Proposals To Engage in or To Acquire Companies Engaged 
in Permissible Nonbanking Activities

    The companies listed in this notice have given notice under section 
4 of the Bank Holding Company Act (12 U.S.C. 1843) (BHC Act) and 
Regulation Y, (12 CFR part 225) to engage de novo, or to acquire or 
control voting securities or assets of a company, including the 
companies listed below, that engages either directly or through a 
subsidiary or other company, in a nonbanking activity that is listed in 
Sec.  225.28 of Regulation Y (12 CFR 225.28) or that the Board has 
determined by Order to be closely related to banking and permissible 
for bank holding companies. Unless otherwise noted, these activities 
will be conducted throughout the United States.
    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 question 
whether the proposal complies with the standards of section 4 of the 
BHC Act.
    Unless otherwise noted, comments regarding the 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 
12, 2022.
    A. Federal Reserve Bank of New York (Ivan Hurwitz, Senior Vice 
President) 33 Liberty Street, New York, New York 10045-0001. Comments 
can also be sent electronically to [email protected]:
    1. Discount Bancorp, Inc., New York, New York; through its 
subsidiary bank, Israel Discount Bank, to acquire 50 percent of the 
voting shares of IDB Lido Wealth, LLC, both of New York, New York, and 
thereby indirectly engage in financial and investment advisory 
activities pursuant to section 225.28(b)(6) of the Board's Regulation 
Y.

    Board of Governors of the Federal Reserve System, March 22, 
2022.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2022-06362 Filed 3-25-22; 8:45 am]
BILLING CODE P