[Federal Register Volume 77, Number 240 (Thursday, December 13, 2012)]
[Notices]
[Page 74191]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-30073]


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FEDERAL RESERVE SYSTEM


Notice of Proposals To Engage in Permissible Nonbanking 
Activities or To Acquire Companies That Are Engaged in Permissible 
Nonbanking Activities; Correction

    This notice corrects a notice (FR Doc. 2012-29742) published on 
page 73467 of the issue for Monday, December 10, 2012.
    Under the Federal Reserve Bank of Richmond heading, the entry for 
Live Oak Bancshares, Inc., Wilmington, North Carolina, is revised to 
read as follows:
    A. Federal Reserve Bank of Richmond (Adam M. Drimer, Assistant Vice 
President) 701 East Byrd Street, Richmond, Virginia 23261-4528:
    1. Live Oak Bancshares, Inc., Wilmington, North Carolina; to 
acquire 100 percent of the voting shares of Government Loan Solutions, 
Inc., Cleveland, Ohio, and engage in providing support services in 
connection with the settlement, accounting, and securitization 
processes for government guaranteed loans, including loans originated 
under the U.S. Small Business Administration loan programs and USDA 
loans; and thereby indirectly acquire 51 percent of the voting shares 
of Secondary Market Access, LLC, Cleveland, Ohio, and thereby engage in 
activities related to extending credit, investment advisory, management 
consulting, and data processing activities, pursuant to sections 
225.28(b)(1); (b)(2), (b)(6); (b)(9), and (b)(14), all of Regulation Y.
    Comments on this application must be received by December 26, 2012.

    Board of Governors of the Federal Reserve System, December 10, 
2012.
Margaret McCloskey Shanks,
Deputy Secretary of the Board.
[FR Doc. 2012-30073 Filed 12-12-12; 8:45 am]
BILLING CODE 6210-01-P