81 FR 14444 - Proposed Agency Information Collection Activities; Comment Request

FEDERAL RESERVE SYSTEM

Federal Register Volume 81, Issue 52 (March 17, 2016)

Page Range		14444-14445
FR Document		2016-06040

On June 15, 1984, the Office of Management and Budget (OMB) delegated to the Board of Governors of the Federal Reserve System (Board) its approval authority under the Paperwork Reduction Act (PRA), to approve of and assign OMB numbers to collection of information requests and requirements conducted or sponsored by the Board. Board- approved collections of information are incorporated into the official OMB inventory of currently approved collections of information. Copies of the PRA Submission, supporting statements and approved collection of information instruments are placed into OMB's public docket files. The Federal Reserve may not conduct or sponsor, and the respondent is not required to respond to, an information collection that has been extended, revised, or implemented on or after October 1, 1995, unless it displays a currently valid OMB number.

Federal Register, Volume 81 Issue 52 (Thursday, March 17, 2016)

[Federal Register Volume 81, Number 52 (Thursday, March 17, 2016)]
[Notices]
[Pages 14444-14445]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-06040]


-----------------------------------------------------------------------

FEDERAL RESERVE SYSTEM


Proposed Agency Information Collection Activities; Comment 
Request

AGENCY: Board of Governors of the Federal Reserve System.

SUMMARY: On June 15, 1984, the Office of Management and Budget (OMB) 
delegated to the Board of Governors of the Federal Reserve System 
(Board) its approval authority under the Paperwork Reduction Act (PRA), 
to approve of and assign OMB numbers to collection of information 
requests and requirements conducted or sponsored by the Board. Board-
approved collections of information are incorporated into the official 
OMB inventory of currently approved collections of information. Copies 
of the PRA Submission, supporting statements and approved collection of 
information instruments are placed into OMB's public docket files. The 
Federal Reserve may not conduct or sponsor, and the respondent is not 
required to respond to, an information collection that has been 
extended, revised, or implemented on or after October 1, 1995, unless 
it displays a currently valid OMB number.

DATES: Comments must be submitted on or before May 16, 2016.

ADDRESSES: You may submit comments, identified by Reg NN by any of the 
following methods:
     Agency Web site: http://www.federalreserve.gov. Follow the 
instructions for submitting comments at http://www.federalreserve.gov/apps/foia/proposedregs.aspx.
     Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments.
     Email: [email protected]. Include OMB 
number in the subject line of the message.
     FAX: (202) 452-3819 or (202) 452-3102.
     Mail: Robert deV. Frierson, Secretary, Board of Governors 
of the Federal Reserve System, 20th Street and Constitution Avenue NW., 
Washington, DC 20551.
    All public comments are available from the Board's Web site at 
http://www.federalreserve.gov/apps/foia/proposedregs.aspx as submitted, 
unless modified for technical reasons. Accordingly, your comments will 
not be edited to remove any identifying or contact information. Public 
comments may also be viewed electronically or in paper form in Room 
3515, 1801 K Street (between 18th and 19th Streets NW.) Washington, DC 
20006 between 9:00 a.m. and 5:00 p.m. on weekdays.
    Additionally, commenters may send a copy of their comments to the 
OMB Desk Officer--Shagufta Ahmed--Office of Information and Regulatory 
Affairs, Office of Management and Budget, New Executive Office 
Building, Room 10235 725 17th Street NW., Washington, DC 20503 or by 
fax to (202) 395-6974.

FOR FURTHER INFORMATION CONTACT: A copy of the PRA OMB submission, 
including the proposed reporting form and instructions, supporting 
statement, and other documentation will be placed into OMB's public 
docket files, once approved. These documents will also be made 
available on the Federal Reserve Board's public Web site at: http://www.federalreserve.gov/apps/reportforms/review.aspx or may be requested 
from the agency clearance officer, whose name appears below.
    Federal Reserve Board Clearance Officer--Nuha Elmaghrabi--Office of 
the Chief Data Officer, Board of Governors of the Federal Reserve 
System, Washington, DC 20551 (202) 452-3829. Telecommunications Device 
for the Deaf (TDD) users may contact (202) 263-4869, Board of Governors 
of the Federal Reserve System, Washington, DC 20551.

SUPPLEMENTARY INFORMATION:

Request for Comment on Information Collection Proposal

    The following information collection, which is being handled under 
this delegated authority, has received initial Board approval and is 
hereby published for comment. At the end of the comment period, the 
proposed information collection, along with an analysis of comments and 
recommendations received, will be submitted to the Board for final 
approval under OMB delegated authority. Comments are invited on the 
following:
    a. Whether the proposed collection of information is necessary for 
the proper performance of the Federal Reserve's functions, including 
whether the information has practical utility;
    b. The accuracy of the Federal Reserve's estimate of the burden of 
the proposed information collection, 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 information collection 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.
    Proposal to approve under OMB delegated authority the extension for 
three years, without revision, of the following report:
    1. Collection title: Reporting, Recordkeeping, and Disclosure 
Requirements Associated with Regulation NN.
    Agency form number: Reg NN.
    OMB control number: 7100-0353.
    Frequency: On occasion.
    Reporters: Banking organizations seeking to engage in off-exchange 
transactions in foreign currency with retail customers.
    Estimated annual burden hours: 1,972 hours.
    Estimated average hours per response: Reporting, 16 hours; 
Recordkeeping, 183 hours; Disclosure, 787 hours.
    Number of respondents: 2.
    General description of report: This information collection is 
required by the Commodity Exchange Act (7 U.S.C. Section 2(c)(2)(E)), 
the Federal Reserve Act (12 U.S.C. Sections 248 and 321-338), the 
Federal Deposit Insurance Act (12 U.S.C. Section 1818), the 
International Banking Act (12 U.S.C. Section 3108), and Regulation NN 
(12 CFR part 240). The information collection is mandatory. The 
reported data are regarded as confidential under the Freedom of 
Information Act (5 U.S.C. Section 552(b)(4)).
    Abstract: The reporting requirements associated with Regulation NN 
are found in section 240.4; the recordkeeping requirements are found in 
sections 240.7, 240.9, and 240.13(a); and the disclosure requirements 
are found in sections 240.5, 240.6, 240.10, 240.13b-d, 240.15, and 
240.16. These requirements permit banking organizations under the 
Federal Reserve's supervision to engage in off-exchange transactions in 
foreign currency with retail customers and to describe various 
requirements with which banking organizations must comply to conduct 
such transactions.
    Current Actions: The Federal Reserve proposes to extend, without 
revision, the clearance for Reg NN.


[[Page 14445]]


    Board of Governors of the Federal Reserve System, March 14, 
2016.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2016-06040 Filed 3-16-16; 8:45 am]
 BILLING CODE 6210-01-P

14444 Federal Register / Vol. 81, No. 52 / Thursday, March 17, 2016 / Notices

Bancshares, Inc., and thereby indirectly www.federalreserve.gov/apps/foia/ c. Ways to enhance the quality,
acquire voting shares of Roxbury Bank, proposedregs.aspx as submitted, unless utility, and clarity of the information to
both in Roxbury, Kansas. modified for technical reasons. be collected;
Board of Governors of the Federal Reserve Accordingly, your comments will not be d. Ways to minimize the burden of
System, March 14, 2016. edited to remove any identifying or information collection on respondents,
Michael J. Lewandowski, contact information. Public comments including through the use of automated
Associate Secretary of the Board. may also be viewed electronically or in collection techniques or other forms of
[FR Doc. 2016–06031 Filed 3–16–16; 8:45 am]
paper form in Room 3515, 1801 K Street information technology; and
(between 18th and 19th Streets NW.) e. Estimates of capital or start up costs
BILLING CODE 6210–01–P
Washington, DC 20006 between 9:00 and costs of operation, maintenance,
a.m. and 5:00 p.m. on weekdays. and purchase of services to provide
FEDERAL RESERVE SYSTEM Additionally, commenters may send a information.
copy of their comments to the OMB
Proposal to approve under OMB
Proposed Agency Information Desk Officer—Shagufta Ahmed—Office
delegated authority the extension for
Collection Activities; Comment of Information and Regulatory Affairs,
three years, without revision, of the
Request Office of Management and Budget, New
following report:
Executive Office Building, Room 10235
AGENCY: Board of Governors of the 725 17th Street NW., Washington, DC 1. Collection title: Reporting,
Federal Reserve System. 20503 or by fax to (202) 395–6974. Recordkeeping, and Disclosure
SUMMARY: On June 15, 1984, the Office Requirements Associated with
FOR FURTHER INFORMATION CONTACT: A
of Management and Budget (OMB) Regulation NN.
copy of the PRA OMB submission,
delegated to the Board of Governors of Agency form number: Reg NN.
including the proposed reporting form
the Federal Reserve System (Board) its OMB control number: 7100–0353.
and instructions, supporting statement,
approval authority under the Paperwork
and other documentation will be placed Frequency: On occasion.
Reduction Act (PRA), to approve of and
into OMB’s public docket files, once Reporters: Banking organizations
assign OMB numbers to collection of
approved. These documents will also be seeking to engage in off-exchange
information requests and requirements
conducted or sponsored by the Board. made available on the Federal Reserve transactions in foreign currency with
Board-approved collections of Board’s public Web site at: http:// retail customers.
information are incorporated into the www.federalreserve.gov/apps/ Estimated annual burden hours: 1,972
official OMB inventory of currently reportforms/review.aspx or may be hours.
approved collections of information. requested from the agency clearance Estimated average hours per response:
Copies of the PRA Submission, officer, whose name appears below. Reporting, 16 hours; Recordkeeping, 183
supporting statements and approved Federal Reserve Board Clearance
hours; Disclosure, 787 hours.
collection of information instruments Officer—Nuha Elmaghrabi—Office of
the Chief Data Officer, Board of Number of respondents: 2.
are placed into OMB’s public docket General description of report: This
files. The Federal Reserve may not Governors of the Federal Reserve
System, Washington, DC 20551 (202) information collection is required by the
conduct or sponsor, and the respondent Commodity Exchange Act (7 U.S.C.
is not required to respond to, an 452–3829. Telecommunications Device
for the Deaf (TDD) users may contact Section 2(c)(2)(E)), the Federal Reserve
information collection that has been Act (12 U.S.C. Sections 248 and 321–
extended, revised, or implemented on or (202) 263–4869, Board of Governors of
the Federal Reserve System, 338), the Federal Deposit Insurance Act
after October 1, 1995, unless it displays (12 U.S.C. Section 1818), the
a currently valid OMB number. Washington, DC 20551.
SUPPLEMENTARY INFORMATION:
International Banking Act (12 U.S.C.
DATES: Comments must be submitted on Section 3108), and Regulation NN (12
or before May 16, 2016. Request for Comment on Information CFR part 240). The information
ADDRESSES: You may submit comments, Collection Proposal collection is mandatory. The reported
identified by Reg NN by any of the data are regarded as confidential under
The following information collection,
following methods: the Freedom of Information Act (5
• Agency Web site: http:// which is being handled under this
delegated authority, has received initial U.S.C. Section 552(b)(4)).
www.federalreserve.gov. Follow the Abstract: The reporting requirements
instructions for submitting comments at Board approval and is hereby published
for comment. At the end of the comment associated with Regulation NN are
http://www.federalreserve.gov/apps/ found in section 240.4; the
foia/proposedregs.aspx. period, the proposed information
collection, along with an analysis of recordkeeping requirements are found
• Federal eRulemaking Portal: http://
comments and recommendations in sections 240.7, 240.9, and 240.13(a);
www.regulations.gov. Follow the
received, will be submitted to the Board and the disclosure requirements are
instructions for submitting comments.
• Email: regs.comments@ for final approval under OMB delegated found in sections 240.5, 240.6, 240.10,
federalreserve.gov. Include OMB authority. Comments are invited on the 240.13b–d, 240.15, and 240.16. These
number in the subject line of the following: requirements permit banking
message. a. Whether the proposed collection of organizations under the Federal
• FAX: (202) 452–3819 or (202) 452– information is necessary for the proper Reserve’s supervision to engage in off-
asabaliauskas on DSK3SPTVN1PROD with NOTICES

3102. performance of the Federal Reserve’s exchange transactions in foreign
• Mail: Robert deV. Frierson, functions, including whether the currency with retail customers and to
Secretary, Board of Governors of the information has practical utility; describe various requirements with
Federal Reserve System, 20th Street and b. The accuracy of the Federal which banking organizations must
Constitution Avenue NW., Washington, Reserve’s estimate of the burden of the comply to conduct such transactions.
DC 20551. proposed information collection, Current Actions: The Federal Reserve
All public comments are available including the validity of the proposes to extend, without revision,
from the Board’s Web site at http:// methodology and assumptions used; the clearance for Reg NN.

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Federal Register / Vol. 81, No. 52 / Thursday, March 17, 2016 / Notices 14445

Board of Governors of the Federal Reserve 44101–2566. Comments can also be sent will be conducted throughout the
System, March 14, 2016. electronically to United States.
Robert deV. Frierson, Comments.applications@clev.frb.org: Unless otherwise noted, comments
Secretary of the Board. 1. Huntington Bancshares, Inc., regarding each of these applications
[FR Doc. 2016–06040 Filed 3–16–16; 8:45 am] Columbus, Ohio; to acquire FirstMerit must be received at the Reserve Bank
BILLING CODE 6210–01–P
Corporation, Akron, Ohio, and thereby indicated or the offices of the Board of
indirectly acquire FirstMerit Bank, NA, Governors not later than April 15, 2016.
Akron, Ohio. Huntingtown West
Subsidiary Corporation, a de novo A. Federal Reserve Bank of St. Louis
FEDERAL RESERVE SYSTEM (David L. Hubbard, Senior Manager)
subsidiary of Huntington, will merge
Formations of, Acquisitions by, and with FirstMerit, which will then merge P.O. Box 442, St. Louis, Missouri
Mergers of Bank Holding Companies into Huntington. 63166–2034. Comments can also be sent
C. Federal Reserve Bank of Kansas electronically to
The companies listed in this notice City (Dennis Denney, Assistant Vice Comments.applications@stls.frb.org:
have applied to the Board for approval, President) 1 Memorial Drive, Kansas 1. Best Hometown Bancorp, Inc.,
pursuant to the Bank Holding Company City, Missouri 64198–0001: Collinsville, Illinois; to become a
Act of 1956 (12 U.S.C. 1841 et seq.) 1. Stockgrowers State Bank Employee savings and loan holding company by
(BHC Act), Regulation Y (12 CFR part Stock Ownership Plan, Ashland, acquiring 100 percent of the voting
225), and all other applicable statutes Kansas; to acquire at least an additional shares of Home Federal Savings and
and regulations to become a bank 3 percent, for a total of 38 percent of the Loan Association of Collinsville,
holding company and/or to acquire the voting shares of Stockgrowers State Collinsville, Illinois.
assets or the ownership of, control of, or Bank, Ashland, Kansas, and Peoples Board of Governors of the Federal Reserve
the power to vote shares of a bank or Bank, Coldwater, Kansas. System, March 14, 2016.
bank holding company and all of the
Board of Governors of the Federal Reserve Michael J. Lewandowski,
banks and nonbanking companies System, March 14, 2016.
owned by the bank holding company, Associate Secretary of the Board.
Michael J. Lewandowski, [FR Doc. 2016–06032 Filed 3–16–16; 8:45 am]
including the companies listed below.
The applications listed below, as well Associate Secretary of the Board. BILLING CODE 6210–01–P
as other related filings required by the [FR Doc. 2016–06033 Filed 3–16–16; 8:45 am]
Board, are available for immediate BILLING CODE 6210–01–P
inspection at the Federal Reserve Bank
indicated. The applications will also be GOVERNMENT ACCOUNTABILITY
available for inspection at the offices of FEDERAL RESERVE SYSTEM OFFICE
the Board of Governors. Interested Formations of, Acquisitions by, and
persons may express their views in Comptroller General’s Advisory
Mergers of Savings and Loan Holding Council on Government Auditing
writing on the standards enumerated in Companies
the BHC Act (12 U.S.C. 1842(c)). If the Standards; Notice of Meeting
proposal also involves the acquisition of The companies listed in this notice
The Advisory Council on Government
a nonbanking company, the review also have applied to the Board for approval,
Auditing Standards will meet Tuesday,
includes whether the acquisition of the pursuant to the Home Owners’ Loan Act
April 19, 2016, from 9:00 a.m. to 3:15
nonbanking company complies with the (12 U.S.C. 1461 et seq.) (HOLA),
p.m., in the Staats Briefing Room (7C13)
standards in section 4 of the BHC Act Regulation LL (12 CFR part 238), and
of the U.S. Government Accountability
(12 U.S.C. 1843). Unless otherwise Regulation MM (12 CFR part 239), and
Office building, 441 G Street NW.,
noted, nonbanking activities will be all other applicable statutes and
Washington, DC.
conducted throughout the United States. regulations to become a savings and
Unless otherwise noted, comments loan holding company and/or to acquire The Advisory Council on Government
regarding each of these applications the assets or the ownership of, control Auditing Standards will hold a meeting
must be received at the Reserve Bank of, or the power to vote shares of a to discuss updates and revisions of the
indicated or the offices of the Board of savings association and nonbanking 2011 Revision of Government Auditing
Governors not later than April 15, 2016. companies owned by the savings and Standards. The meeting is open to the
A. Federal Reserve Bank of loan holding company, including the public. Members of the public will be
Philadelphia (William Spaniel, Senior companies listed below. provided an opportunity to address the
Vice President) 100 North 6th Street, The applications listed below, as well Council with a brief (five-minute)
Philadelphia, Pennsylvania 19105– as other related filings required by the presentation in the afternoon on matters
1521. Comments can also be sent Board, are available for immediate directly related to the proposed update
electronically to inspection at the Federal Reserve Bank and revision.
Comments.applications@phil.frb.org: indicated. The application also will be Any interested person who plans to
1. FSB Community Bancshares, MHC, available for inspection at the offices of attend the meeting as an observer must
and FSB Community Bancshares, both the Board of Governors. Interested contact Cecil Davis, Engagement
in Fairport, New York; to convert to persons may express their views in Operations Assistant, 202–512–9362. A
stock form and form a de novo bank writing on the standards enumerated in form of picture identification must be
asabaliauskas on DSK3SPTVN1PROD with NOTICES

holding company, FSB Bancorp, Inc., the HOLA (12 U.S.C. 1467a(e)). If the presented to the GAO Security Desk on
Fairport, New York, in connection with proposal also involves the acquisition of the day of the meeting to obtain access
the acquisition of 100 percent of the a nonbanking company, the review also to the GAO building. You must enter the
voting shares of Fairport Savings Bank, includes whether the acquisition of the building at the G Street entrance. For
Fairport, New York. nonbanking company complies with the further information, please contact Ms.
B. Federal Reserve Bank of Cleveland standards in section 10(c)(4)(B) of the Davis. The meeting agenda will be
(Nadine Wallman, Vice President) 1455 HOLA (12 U.S.C. 1467a(c)(4)(B)). Unless available upon request one week before
East Sixth Street, Cleveland, Ohio otherwise noted, nonbanking activities the meeting.

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Document Created: 2016-03-17 00:58:07
Document Modified: 2016-03-17 00:58:07

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
Action		The Federal Reserve proposes to extend, without revision, the clearance for Reg NN.
Dates		Comments must be submitted on or before May 16, 2016.
Contact		A copy of the PRA OMB submission, including the proposed reporting form and instructions, supporting statement, and other documentation will be placed into OMB's public docket files, once approved. These documents will also be made available on the Federal Reserve Board's public Web site at: http:// www.federalreserve.gov/apps/reportforms/review.aspx or may be requested from the agency clearance officer, whose name appears below.
FR Citation		81 FR 14444