81_FR_20451 81 FR 20384 - Proposed Agency Information Collection Activities; Comment Request

81 FR 20384 - Proposed Agency Information Collection Activities; Comment Request

FEDERAL RESERVE SYSTEM

Federal Register Volume 81, Issue 67 (April 7, 2016)

Page Range20384-20387
FR Document2016-07991

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 67 (Thursday, April 7, 2016)
[Federal Register Volume 81, Number 67 (Thursday, April 7, 2016)]
[Notices]
[Pages 20384-20387]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-07991]


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

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 June 6, 2016.

ADDRESSES: You may submit comments, identified by FR 4006, FR 4008, FR 
4013, FR 4014, or Reg H-1 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.

[[Page 20385]]

     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 Proposals

    The following information collections, which are being handled 
under this delegated authority, have received initial Board approval 
and are hereby published for comment. At the end of the comment period, 
the proposed information collections, 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 Reports

    1. Report title: Request for Extension of Time to Dispose of Assets 
Acquired in Satisfaction of Debts Previously Contracted.
    Agency form number: FR 4006.
    OMB control number: 7100-0129.
    Frequency: Annual.
    Reporters: Bank Holding Companies (BHCs).
    Estimated annual reporting hours: 325.
    Estimated average hours per response: 5 hours.
    Number of respondents: 65.
    General description of report: The FR 4006 is authorized pursuant 
to sections 4(a) and 4(c)(2) of the Bank Holding Company Act (BHC Act), 
(12 U.S.C. 1843(a), (c)(2)), and the Board's Regulation Y, (12 CFR 
225.22(d) and 225.140). Section 4(a) of the BHC Act generally prohibits 
a BHC from acquiring voting shares of a nonbank company (12 U.S.C. 
1843(a)). However, section 4(c)(2) of the BHC Act provides an exception 
to this general rule and permits BHCs to hold shares acquired in 
satisfaction of a debt previously contracted in good faith for two 
years from the date on which they were acquired. Id. at Sec.  
1843(c)(2). In addition, the Board is authorized to extend the two year 
period under certain circumstances upon application from a BHC. Id. The 
Board's Regulation Y extends this prohibition and exception to assets 
acquired in satisfaction of a debt previously contracted (12 CFR 
225.140) and provides procedures for such exceptions. (12 CFR 
225.22(d)(1)). The FR 4006 is required to obtain the benefit of being 
permitted to retain ownership of voting securities or assets acquired 
through foreclosure in the ordinary course of collection a debt 
previously contracted for more than two years. Individual respondent 
information is generally not given confidential treatment. However, a 
respondent may request that the information be kept confidential on a 
case-by-case basis. If a respondent requests confidential treatment, 
the Board will determine whether the information is entitled to 
confidential treatment on an ad hoc basis in connection with such 
request.
    Abstract: A BHC that acquired voting securities or assets through 
foreclosure in the ordinary course of collecting a debt previously 
contracted may not retain ownership of those shares or assets for more 
than two years without prior Federal Reserve approval. There is no 
formal reporting form and each request for extension must be filed at 
the appropriate Reserve Bank of the BHC. The Federal Reserve uses the 
information provided in the request to fulfill its statutory obligation 
to supervise BHCs.
    Current Actions: The Federal Reserve proposes to extend, without 
revision, the FR 4006 information collection.

    2. Report title: Stock Redemption Notification.
    Agency form number: FR 4008.
    OMB control number: 7100-0131.
    Frequency: On occasion.
    Reporters: BHCs.
    Estimated annual reporting hours: 155 hours.
    Estimated average hours per response: 15.5 hours.
    Number of respondents: 10.
    General description of report: The FR 4008 is authorized pursuant 
to sections 5(b) and (c) of the BHC Act (12 U.S.C. 1844(b) and (c)) and 
the Board's Regulation Y (CFR 225.4). Sections 5(b) and (c) of the BHC 
Act generally authorize the Board to issue regulations and orders that 
are necessary to administer and carry out the purposes of the BHC Act 
and prevent evasions thereof and to require BHCs to submit reports to 
the Board to keep the Board informed about their financial condition, 
systems for monitoring and controlling financial and operating risks, 
transactions with depository institution subsidiaries, and compliance 
with the BHC Act, any other Federal law

[[Page 20386]]

that the Board has specific jurisdiction to enforce, and (other than in 
the case of an insured depository institution or functionally regulated 
subsidiary) any other applicable provision of Federal law. 12 U.S.C. 
1844(b) and (c). The Board's Regulation Y requires BHCs, in certain 
circumstances, to file with the appropriate Federal Reserve Bank prior 
written notice before purchasing or redeeming their equity securities. 
(12 CFR 225.4(b)). The FR 4008 is required for some BHCs to obtain the 
benefit of being able to purchase or redeem their equity securities. 
The individual respondent information in a stock redemption notice is 
generally not considered confidential. However, a respondent may 
request that the information be kept confidential on a case-by-case 
basis. If a respondent requests confidentiality, the Board will 
determine whether the information is entitled to confidential treatment 
on an ad hoc basis in connection with such request.
    Abstract: The Bank Holding Company Act and the Board's Regulation Y 
generally require a BHC to seek prior Federal Reserve approval before 
purchasing or redeeming its equity securities. Given that a BHC is 
exempt from this requirement if it meets certain financial, managerial, 
and supervisory standards, only a small portion of proposed stock 
redemptions actually require the prior approval of the Federal Reserve. 
There is no formal reporting form. The Federal Reserve uses the 
information provided in the redemption notice to fulfill its statutory 
obligation to supervise BHCs.
    Current Actions: The Federal Reserve proposes to extend, without 
revision, the FR 4008 information collection.

    3. Report title: Notice Claiming Status as an Exempt Transfer 
Agent.
    Agency form number: FR 4013.
    OMB control number: 7100-0137.
    Frequency: On occasion.
    Reporters: Banks, BHCs, savings and loan holding companies (SLHCs), 
and certain trust companies.
    Annual reporting hours: 20 hours.
    Estimated average hours per response: 2 hours.
    Number of respondents: 10.
    General description of report: The FR 4013 is mandatory and 
authorized pursuant to the Securities Exchange Act of 1934 (the SEA) as 
amended in 1975, 15 U.S.C. 78q-1, 17 CFR 240.17Ad-4, and 12 CFR. 208.31 
and 225.4(d). Section 17A(a)(2)(A)(i) of the SEA, 15 U.S.C. 78q-
1(a)(2)(A)(i), directs the Securities and Exchange Commission (SEC) to 
use its authority under the SEA ``to facilitate the establishment of a 
national system for the prompt and accurate clearance and settlement of 
transactions in securities.'' Pursuant to this Congressional directive, 
the SEC promulgated regulations governing the performance of transfer 
agent functions by registered transfer agents. See 17 CFR 240.17Ad-2, 
240.17Ad-3, and 240.17Ad-6(a)(1) through (7) and (11). SEC Rule 17Ad-4 
exempts certain low-volume transfer agents from certain of these 
regulations provided that the transfer agent files a notice with its 
appropriate regulatory agency certifying that it qualifies for the 
exemption. 17 CFR. 240.17Ad-4. Pursuant to the SEA, the SEC's transfer 
agent rules as well as the low-volume transfer agent exemption are 
applicable to all registered transfer agents, including those regulated 
by the Board. See Section 17A(d)(1) of the SEA, 15 U.S.C. 78q-1(d)(1). 
The Board's regulations further provide that Board-regulated transfer 
agents are subject to the SEC's transfer agent rules, including the 
low-volume transfer agent exemption. See 12 CFR 208.31(b) (applicable 
to state member bank transfer agents); 12 CFR 225.4(d) (providing that 
the Board's regulations governing state member bank transfer agents are 
equally applicable to BHCs and certain nonbank subsidiaries that act as 
transfer agents); 12 CFR 238.4(b) (requiring reports from SLHCs). 
Because the information regarding a transfer agent's volume of 
transactions is public information through the filing and publication 
of the agents' Form TA-2 with the SEC, the individual respondent data 
collected by the FR 4013 is not confidential.
    Abstract: Banks, BHCs, SLHCs, and trust companies subject to the 
Federal Reserve's supervision that are low-volume transfer agents 
voluntarily file the notice on occasion with the Federal Reserve. 
Transfer agents are institutions that provide securities transfer, 
registration, monitoring, and other specified services on behalf of 
securities issuers. The purpose of the notice, which is effective until 
the agent withdraws it, is to claim exemption from certain rules and 
regulations of the SEC. The Federal Reserve uses the notices for 
supervisory purposes because the SEC has assigned to the Federal 
Reserve responsibility for collecting the notices and verifying their 
accuracy through examinations of the respondents. There is no formal 
reporting form and each notice is filed as a letter.
    Current Actions: The Federal Reserve proposes to extend, without 
revision, the FR 4013 information collection.

    4. Report title: Investment in Bank Premises Notification.
    Agency form number: FR 4014.
    OMB control number: 7100-0139.
    Frequency: On occasion.
    Reporters: State member banks (SMBs).
    Annual reporting hours: 9 hours (rounded to the nearest hour).
    Estimated average hours per response: 30 minutes.
    Number of respondents: 5.
    General description of report: Section 24A(a) of the Federal 
Reserve Act (FRA) requires that SMBs obtain prior Board approval before 
investing in bank premises that exceed certain statutory thresholds (12 
U.S.C. 371d(a)). The FR 4014 is required to obtain a benefit because 
banks wanting to make an investment in bank premises that exceed a 
certain threshold are required to notify the Federal Reserve. The 
information collected is not considered confidential. However, an SMB 
may request that a report or document not be disclosed to the public 
and be held confidential by the Board. Should an SMB request 
confidential treatment of such information, the question of whether the 
information is entitled to confidential treatment must be determined on 
an ad hoc basis in connection with such request.
    Abstract: The FRA requires SMBs to seek prior Federal Reserve 
approval before making an investment in bank premises that exceeds 
certain thresholds. There is no formal reporting form, and each 
required request for prior approval must be filed as a notification 
with the appropriate Reserve Bank of the SMB. The Federal Reserve uses 
the information provided in the notice to fulfill its statutory 
obligation to supervise SMBs.
    Current Actions: The Federal Reserve proposes to extend, without 
revision, the FR 4014 information collection.

    5. Report title: Reports Related to Securities Issued by State 
Member Banks as Required by Regulation H.
    Agency form number: Reg H-1.
    OMB control number: 7100-0091.
    Frequency: Annually, Quarterly, and on occasion.
    Reporters: SMBs.
    Estimated annual reporting hours: 264.
    Estimated average hours per response: 5.17.
    Number of respondents: 3.
    General description of report: This information collection is 
mandatory pursuant to sections 12(i) and 23(a)(1) of the Securities 
Exchange Act of 1934 (15 U.S.C. 781(i) and 78w (a)(1)) and the Board's 
Regulation H (12 CFR 208.36).

[[Page 20387]]

The information collected is not given confidential treatment. However, 
a state member bank make request that a report or document not be 
disclosed to the public and be held confidential by the Federal 
Reserve, (12 CFR 208.36(d). All such requests for confidential 
treatment will be determined on a case-by-case basis.
    Abstract: The Federal Reserve's Regulation H requires certain SMBs 
to submit information relating to their securities to the Federal 
Reserve on the same forms that bank holding companies and nonbank 
entities use to submit similar information to the SEC. The information 
is primarily used for public disclosure and is available to the public 
upon request.
    Current Actions: The Federal Reserve proposes to extend, without 
revision, the Reg H-1 information collection.

    Board of Governors of the Federal Reserve System, April 4, 2016.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2016-07991 Filed 4-6-16; 8:45 am]
 BILLING CODE 6210-01-P



                                                  20384                          Federal Register / Vol. 81, No. 67 / Thursday, April 7, 2016 / Notices

                                                  a nonbanking company, the review also                   Market Street, San Francisco, California              Wright co-trustees, as members of the
                                                  includes whether the acquisition of the                 94105–1579:                                           Morton family group; to acquire voting
                                                  nonbanking company complies with the                      1. H Bancorp LLC, Irvine, California;               shares of Vision Bancshares, Inc., and
                                                  standards in section 4 of the BHC Act                   to acquire additional shares of Bay                   thereby indirectly acquire voting shares
                                                  (12 U.S.C. 1843). Unless otherwise                      Bancorp and indirectly acquire Bay                    of Vision Bank, both in St. Louis Park,
                                                  noted, nonbanking activities will be                    Bank, both in Columbia, Maryland, and                 Minnesota.
                                                  conducted throughout the United States.                 thereby engage in operating a savings                   2. Theodore J. Hofer Family Trust,
                                                    Unless otherwise noted, comments                      and loan association.                                 Freeman, South Dakota (Emily M. Hofer,
                                                  regarding each of these applications                      Board of Governors of the Federal Reserve           Freeman, South Dakota, Trustee), and
                                                  must be received at the Reserve Bank                    System, April 4, 2016.                                Emily M. Hofer, individually and as
                                                  indicated or the offices of the Board of                Michael J. Lewandowski,                               trustee of the Theodore J. Hofer Family
                                                  Governors not later than May 2, 2016.                   Associate Secretary of the Board.                     Trust and the Cynthia L. Hofer Living
                                                    A. Federal Reserve Bank of Chicago                    [FR Doc. 2016–07973 Filed 4–6–16; 8:45 am]            Trust, Freeman, South Dakota; to retain
                                                  (Colette A. Fried, Assistant Vice                                                                             voting shares of H & W Holding
                                                                                                          BILLING CODE 6210–01–P
                                                  President) 230 South LaSalle Street,                                                                          Company, and thereby indirectly retain
                                                  Chicago, Illinois 60690–1414:                                                                                 voting shares of Merchants State Bank,
                                                    1. Chemical Financial Corporation,                    FEDERAL RESERVE SYSTEM                                both in Freeman, South Dakota.
                                                  Midland, Michigan; to merge with
                                                                                                                                                                  Board of Governors of the Federal Reserve
                                                  Talmer Bancorp, Inc., Troy, Michigan,                   Change in Bank Control Notices;                       System, April 4, 2016.
                                                  and thereby acquire voting shares of                    Acquisitions of Shares of a Bank or                   Michael J. Lewandowski,
                                                  Talmer Bank and Trust, Troy, Michigan.                  Bank Holding Company
                                                                                                                                                                Associate Secretary of the Board.
                                                    Board of Governors of the Federal Reserve
                                                                                                            The notificants listed below have                   [FR Doc. 2016–07974 Filed 4–6–16; 8:45 am]
                                                  System, April 4, 2016.
                                                                                                          applied under the Change in Bank                      BILLING CODE 6210–01–P
                                                  Michael J. Lewandowski,
                                                                                                          Control Act (12 U.S.C. 1817(j)) and
                                                  Associate Secretary of the Board.                       § 225.41 of the Board’s Regulation Y (12
                                                  [FR Doc. 2016–07972 Filed 4–6–16; 8:45 am]              CFR 225.41) to acquire shares of a bank               FEDERAL RESERVE SYSTEM
                                                  BILLING CODE 6210–01–P                                  or bank holding company. The factors
                                                                                                          that are considered in acting on the                  Proposed Agency Information
                                                                                                          notices are set forth in paragraph 7 of               Collection Activities; Comment
                                                  FEDERAL RESERVE SYSTEM                                  the Act (12 U.S.C. 1817(j)(7)).                       Request
                                                                                                            The notices are available for
                                                  Notice of Proposals To Engage in or                                                                           AGENCY:   Board of Governors of the
                                                                                                          immediate inspection at the Federal
                                                  To Acquire Companies Engaged in                                                                               Federal Reserve System.
                                                                                                          Reserve Bank indicated. The notices                   SUMMARY: On June 15, 1984, the Office
                                                  Permissible Nonbanking Activities                       also will be available for inspection at              of Management and Budget (OMB)
                                                     The companies listed in this notice                  the offices of the Board of Governors.                delegated to the Board of Governors of
                                                  have given notice under section 4 of the                Interested persons may express their                  the Federal Reserve System (Board) its
                                                  Bank Holding Company Act (12 U.S.C.                     views in writing to the Reserve Bank                  approval authority under the Paperwork
                                                  1843) (BHC Act) and Regulation Y, (12                   indicated for that notice or to the offices           Reduction Act (PRA), to approve of and
                                                  CFR part 225) to engage de novo, or to                  of the Board of Governors. Comments                   assign OMB numbers to collection of
                                                  acquire or control voting securities or                 must be received not later than April 22,             information requests and requirements
                                                  assets of a company, including the                      2016.                                                 conducted or sponsored by the Board.
                                                  companies listed below, that engages                      A. Federal Reserve Bank of
                                                                                                                                                                Board-approved collections of
                                                  either directly or through a subsidiary or              Minneapolis (Jacquelyn K. Brunmeier,
                                                                                                                                                                information are incorporated into the
                                                  other company, in a nonbanking activity                 Assistant Vice President) 90 Hennepin
                                                                                                                                                                official OMB inventory of currently
                                                  that is listed in § 225.28 of Regulation Y              Avenue, Minneapolis, Minnesota
                                                                                                                                                                approved collections of information.
                                                  (12 CFR 225.28) or that the Board has                   55480–0291:
                                                                                                            1. Mark Saliterman, Minnetonka,                     Copies of the PRA Submission,
                                                  determined by Order to be closely                                                                             supporting statements and approved
                                                  related to banking and permissible for                  Minnesota; Michael Morton, Shorewood,
                                                                                                          Minnesota; Christopher Morton,                        collection of information instruments
                                                  bank holding companies. Unless                                                                                are placed into OMB’s public docket
                                                  otherwise noted, these activities will be               Chanhassen, Minnesota; Lorilee Morton
                                                                                                          Wright, Shorewood, Minnesota; Julianne                files. The Federal Reserve may not
                                                  conducted throughout the United States.                                                                       conduct or sponsor, and the respondent
                                                     Each notice is available for inspection              Morton, Chanhassen, Minnesota; and
                                                                                                          Christopher Morton Trust under                        is not required to respond to, an
                                                  at the Federal Reserve Bank indicated.                                                                        information collection that has been
                                                  The notice also will be available for                   Bernard and Margaret Morton GRAT
                                                                                                          agreement dated 1/1/1996; Mark                        extended, revised, or implemented on or
                                                  inspection at the offices of the Board of                                                                     after October 1, 1995, unless it displays
                                                  Governors. Interested persons may                       Saliterman and Christopher Morton co-
                                                                                                          trustees, the Julianne Morton Samuelson               a currently valid OMB number.
                                                  express their views in writing on the
                                                  question whether the proposal complies                  Trust under Bernard and Margaret                      DATES: Comments must be submitted on
                                                  with the standards of section 4 of the                  Morton GRAT agreement dated 1/1/                      or before June 6, 2016.
                                                  BHC Act.                                                1996; Mark Saliterman and Julianne                    ADDRESSES: You may submit comments,
mstockstill on DSK4VPTVN1PROD with NOTICES




                                                     Unless otherwise noted, comments                     Samuelson co-trustees, the Michael                    identified by FR 4006, FR 4008, FR
                                                  regarding the applications must be                      Morton Trust under Bernard and                        4013, FR 4014, or Reg H–1 by any of the
                                                  received at the Reserve Bank indicated                  Margaret Morton GRAT agreement dated                  following methods:
                                                  or the offices of the Board of Governors                1/1/1996; Mark Saliterman and Michael                    • Agency Web site: http://
                                                  not later than May 2, 2016.                             Morton co-trustees, and the Lorilee                   www.federalreserve.gov. Follow the
                                                     A. Federal Reserve Bank of San                       Morton Wright Trust under Bernard and                 instructions for submitting comments at
                                                  Francisco (Gerald C. Tsai, Director,                    Margaret Morton GRAT agreement dated                  http://www.federalreserve.gov/apps/
                                                  Applications and Enforcement) 101                       1/1/1996; Mark Saliterman and Lorilee                 foia/proposedregs.aspx.


                                             VerDate Sep<11>2014   16:35 Apr 06, 2016   Jkt 238001   PO 00000   Frm 00066   Fmt 4703   Sfmt 4703   E:\FR\FM\07APN1.SGM   07APN1


                                                                                 Federal Register / Vol. 81, No. 67 / Thursday, April 7, 2016 / Notices                                         20385

                                                    • Federal eRulemaking Portal: http://                 proposed information collections, along               extends this prohibition and exception
                                                  www.regulations.gov. Follow the                         with an analysis of comments and                      to assets acquired in satisfaction of a
                                                  instructions for submitting comments.                   recommendations received, will be                     debt previously contracted (12 CFR
                                                    • Email: regs.comments@                               submitted to the Board for final                      225.140) and provides procedures for
                                                  federalreserve.gov. Include OMB                         approval under OMB delegated                          such exceptions. (12 CFR 225.22(d)(1)).
                                                  number in the subject line of the                       authority. Comments are invited on the                The FR 4006 is required to obtain the
                                                  message.                                                following:                                            benefit of being permitted to retain
                                                    • FAX: (202) 452–3819 or (202) 452–                     a. Whether the proposed collection of               ownership of voting securities or assets
                                                  3102.                                                   information is necessary for the proper               acquired through foreclosure in the
                                                    • Mail: Robert deV. Frierson,                         performance of the Federal Reserve’s                  ordinary course of collection a debt
                                                  Secretary, Board of Governors of the                    functions; including whether the                      previously contracted for more than two
                                                  Federal Reserve System, 20th Street and                 information has practical utility;                    years. Individual respondent
                                                  Constitution Avenue NW., Washington,                      b. The accuracy of the Federal                      information is generally not given
                                                  DC 20551.                                               Reserve’s estimate of the burden of the               confidential treatment. However, a
                                                     All public comments are available                    proposed information collection,                      respondent may request that the
                                                  from the Board’s Web site at http://                    including the validity of the                         information be kept confidential on a
                                                  www.federalreserve.gov/apps/foia/                       methodology and assumptions used;                     case-by-case basis. If a respondent
                                                  proposedregs.aspx as submitted, unless                    c. Ways to enhance the quality,                     requests confidential treatment, the
                                                  modified for technical reasons.                         utility, and clarity of the information to            Board will determine whether the
                                                  Accordingly, your comments will not be                  be collected;                                         information is entitled to confidential
                                                  edited to remove any identifying or                       d. Ways to minimize the burden of                   treatment on an ad hoc basis in
                                                  contact information. Public comments                    information collection on respondents,                connection with such request.
                                                  may also be viewed electronically or in                 including through the use of automated                   Abstract: A BHC that acquired voting
                                                  paper form in Room 3515, 1801 K Street                  collection techniques or other forms of               securities or assets through foreclosure
                                                  (between 18th and 19th Streets NW.)                     information technology; and                           in the ordinary course of collecting a
                                                  Washington, DC 20006 between 9:00                         e. Estimates of capital or start up costs           debt previously contracted may not
                                                  a.m. and 5:00 p.m. on weekdays.                         and costs of operation, maintenance,                  retain ownership of those shares or
                                                     Additionally, commenters may send a                  and purchase of services to provide                   assets for more than two years without
                                                  copy of their comments to the OMB                       information.                                          prior Federal Reserve approval. There is
                                                  Desk Officer—Shagufta Ahmed—Office                      Proposal To Approve Under OMB                         no formal reporting form and each
                                                  of Information and Regulatory Affairs,                  Delegated Authority the Extension for                 request for extension must be filed at
                                                  Office of Management and Budget, New                    Three Years, Without Revision, of the                 the appropriate Reserve Bank of the
                                                  Executive Office Building, Room 10235,                  Following Reports                                     BHC. The Federal Reserve uses the
                                                  725 17th Street NW., Washington, DC                                                                           information provided in the request to
                                                  20503 or by fax to (202) 395–6974.                        1. Report title: Request for Extension              fulfill its statutory obligation to
                                                                                                          of Time to Dispose of Assets Acquired                 supervise BHCs.
                                                  FOR FURTHER INFORMATION CONTACT: A
                                                                                                          in Satisfaction of Debts Previously                      Current Actions: The Federal Reserve
                                                  copy of the PRA OMB submission,
                                                                                                          Contracted.                                           proposes to extend, without revision,
                                                  including the proposed reporting form                     Agency form number: FR 4006.
                                                  and instructions, supporting statement,                                                                       the FR 4006 information collection.
                                                                                                            OMB control number: 7100–0129.
                                                  and other documentation will be placed                    Frequency: Annual.                                     2. Report title: Stock Redemption
                                                  into OMB’s public docket files, once                      Reporters: Bank Holding Companies                   Notification.
                                                  approved. These documents will also be                  (BHCs).                                                  Agency form number: FR 4008.
                                                  made available on the Federal Reserve                     Estimated annual reporting hours:                      OMB control number: 7100–0131.
                                                  Board’s public Web site at: http://                     325.                                                     Frequency: On occasion.
                                                  www.federalreserve.gov/apps/                              Estimated average hours per response:                  Reporters: BHCs.
                                                  reportforms/review.aspx or may be                       5 hours.                                                 Estimated annual reporting hours:
                                                  requested from the agency clearance                       Number of respondents: 65.                          155 hours.
                                                  officer, whose name appears below.                        General description of report: The FR                  Estimated average hours per response:
                                                    Federal Reserve Board Clearance                       4006 is authorized pursuant to sections               15.5 hours.
                                                  Officer—Nuha Elmaghrabi—Office of                       4(a) and 4(c)(2) of the Bank Holding                     Number of respondents: 10.
                                                  the Chief Data Officer, Board of                        Company Act (BHC Act), (12 U.S.C.                        General description of report: The FR
                                                  Governors of the Federal Reserve                        1843(a), (c)(2)), and the Board’s                     4008 is authorized pursuant to sections
                                                  System, Washington, DC 20551 (202)                      Regulation Y, (12 CFR 225.22(d) and                   5(b) and (c) of the BHC Act (12 U.S.C.
                                                  452–3829. Telecommunications Device                     225.140). Section 4(a) of the BHC Act                 1844(b) and (c)) and the Board’s
                                                  for the Deaf (TDD) users may contact                    generally prohibits a BHC from                        Regulation Y (CFR 225.4). Sections 5(b)
                                                  (202) 263–4869, Board of Governors of                   acquiring voting shares of a nonbank                  and (c) of the BHC Act generally
                                                  the Federal Reserve System,                             company (12 U.S.C. 1843(a)). However,                 authorize the Board to issue regulations
                                                  Washington, DC 20551.                                   section 4(c)(2) of the BHC Act provides               and orders that are necessary to
                                                  SUPPLEMENTARY INFORMATION:                              an exception to this general rule and                 administer and carry out the purposes of
                                                                                                          permits BHCs to hold shares acquired in               the BHC Act and prevent evasions
                                                  Request for Comment on Information
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                                                                                                          satisfaction of a debt previously                     thereof and to require BHCs to submit
                                                  Collection Proposals                                    contracted in good faith for two years                reports to the Board to keep the Board
                                                    The following information                             from the date on which they were                      informed about their financial
                                                  collections, which are being handled                    acquired. Id. at § 1843(c)(2). In addition,           condition, systems for monitoring and
                                                  under this delegated authority, have                    the Board is authorized to extend the                 controlling financial and operating
                                                  received initial Board approval and are                 two year period under certain                         risks, transactions with depository
                                                  hereby published for comment. At the                    circumstances upon application from a                 institution subsidiaries, and compliance
                                                  end of the comment period, the                          BHC. Id. The Board’s Regulation Y                     with the BHC Act, any other Federal law


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                                                  20386                          Federal Register / Vol. 81, No. 67 / Thursday, April 7, 2016 / Notices

                                                  that the Board has specific jurisdiction                national system for the prompt and                       4. Report title: Investment in Bank
                                                  to enforce, and (other than in the case                 accurate clearance and settlement of                  Premises Notification.
                                                  of an insured depository institution or                 transactions in securities.’’ Pursuant to                Agency form number: FR 4014.
                                                  functionally regulated subsidiary) any                  this Congressional directive, the SEC                    OMB control number: 7100–0139.
                                                  other applicable provision of Federal                   promulgated regulations governing the                    Frequency: On occasion.
                                                  law. 12 U.S.C. 1844(b) and (c). The                     performance of transfer agent functions                  Reporters: State member banks
                                                  Board’s Regulation Y requires BHCs, in                  by registered transfer agents. See 17 CFR             (SMBs).
                                                  certain circumstances, to file with the                 240.17Ad–2, 240.17Ad–3, and                              Annual reporting hours: 9 hours
                                                  appropriate Federal Reserve Bank prior                  240.17Ad–6(a)(1) through (7) and (11).                (rounded to the nearest hour).
                                                  written notice before purchasing or                     SEC Rule 17Ad–4 exempts certain low-                     Estimated average hours per response:
                                                  redeeming their equity securities. (12                  volume transfer agents from certain of                30 minutes.
                                                  CFR 225.4(b)). The FR 4008 is required                  these regulations provided that the                      Number of respondents: 5.
                                                  for some BHCs to obtain the benefit of                  transfer agent files a notice with its                   General description of report: Section
                                                  being able to purchase or redeem their                  appropriate regulatory agency certifying              24A(a) of the Federal Reserve Act (FRA)
                                                  equity securities. The individual                       that it qualifies for the exemption. 17               requires that SMBs obtain prior Board
                                                  respondent information in a stock                       CFR. 240.17Ad–4. Pursuant to the SEA,                 approval before investing in bank
                                                  redemption notice is generally not                      the SEC’s transfer agent rules as well as             premises that exceed certain statutory
                                                  considered confidential. However, a                     the low-volume transfer agent                         thresholds (12 U.S.C. 371d(a)). The FR
                                                  respondent may request that the                         exemption are applicable to all                       4014 is required to obtain a benefit
                                                  information be kept confidential on a                   registered transfer agents, including                 because banks wanting to make an
                                                  case-by-case basis. If a respondent                     those regulated by the Board. See                     investment in bank premises that
                                                  requests confidentiality, the Board will                Section 17A(d)(1) of the SEA, 15 U.S.C.               exceed a certain threshold are required
                                                  determine whether the information is                    78q–1(d)(1). The Board’s regulations                  to notify the Federal Reserve. The
                                                  entitled to confidential treatment on an                further provide that Board-regulated                  information collected is not considered
                                                  ad hoc basis in connection with such                    transfer agents are subject to the SEC’s              confidential. However, an SMB may
                                                  request.                                                transfer agent rules, including the low-              request that a report or document not be
                                                     Abstract: The Bank Holding Company                   volume transfer agent exemption. See 12               disclosed to the public and be held
                                                  Act and the Board’s Regulation Y                        CFR 208.31(b) (applicable to state                    confidential by the Board. Should an
                                                  generally require a BHC to seek prior                   member bank transfer agents); 12 CFR                  SMB request confidential treatment of
                                                  Federal Reserve approval before                         225.4(d) (providing that the Board’s                  such information, the question of
                                                  purchasing or redeeming its equity                      regulations governing state member                    whether the information is entitled to
                                                  securities. Given that a BHC is exempt                  bank transfer agents are equally                      confidential treatment must be
                                                  from this requirement if it meets certain               applicable to BHCs and certain nonbank                determined on an ad hoc basis in
                                                  financial, managerial, and supervisory                  subsidiaries that act as transfer agents);            connection with such request.
                                                  standards, only a small portion of                      12 CFR 238.4(b) (requiring reports from                  Abstract: The FRA requires SMBs to
                                                  proposed stock redemptions actually                     SLHCs). Because the information                       seek prior Federal Reserve approval
                                                  require the prior approval of the Federal               regarding a transfer agent’s volume of                before making an investment in bank
                                                  Reserve. There is no formal reporting                   transactions is public information                    premises that exceeds certain
                                                  form. The Federal Reserve uses the                      through the filing and publication of the             thresholds. There is no formal reporting
                                                  information provided in the redemption                  agents’ Form TA–2 with the SEC, the                   form, and each required request for
                                                  notice to fulfill its statutory obligation to           individual respondent data collected by               prior approval must be filed as a
                                                  supervise BHCs.                                         the FR 4013 is not confidential.                      notification with the appropriate
                                                     Current Actions: The Federal Reserve                                                                       Reserve Bank of the SMB. The Federal
                                                  proposes to extend, without revision,                      Abstract: Banks, BHCs, SLHCs, and                  Reserve uses the information provided
                                                  the FR 4008 information collection.                     trust companies subject to the Federal                in the notice to fulfill its statutory
                                                                                                          Reserve’s supervision that are low-                   obligation to supervise SMBs.
                                                     3. Report title: Notice Claiming Status
                                                                                                          volume transfer agents voluntarily file                  Current Actions: The Federal Reserve
                                                  as an Exempt Transfer Agent.
                                                     Agency form number: FR 4013.                         the notice on occasion with the Federal               proposes to extend, without revision,
                                                     OMB control number: 7100–0137.                       Reserve. Transfer agents are institutions             the FR 4014 information collection.
                                                     Frequency: On occasion.                              that provide securities transfer,                        5. Report title: Reports Related to
                                                     Reporters: Banks, BHCs, savings and                  registration, monitoring, and other                   Securities Issued by State Member
                                                  loan holding companies (SLHCs), and                     specified services on behalf of securities            Banks as Required by Regulation H.
                                                  certain trust companies.                                issuers. The purpose of the notice,                      Agency form number: Reg H–1.
                                                     Annual reporting hours: 20 hours.                    which is effective until the agent                       OMB control number: 7100–0091.
                                                     Estimated average hours per response:                withdraws it, is to claim exemption                      Frequency: Annually, Quarterly, and
                                                  2 hours.                                                from certain rules and regulations of the             on occasion.
                                                     Number of respondents: 10.                           SEC. The Federal Reserve uses the                        Reporters: SMBs.
                                                     General description of report: The FR                notices for supervisory purposes                         Estimated annual reporting hours:
                                                  4013 is mandatory and authorized                        because the SEC has assigned to the                   264.
                                                  pursuant to the Securities Exchange Act                 Federal Reserve responsibility for                       Estimated average hours per response:
                                                                                                          collecting the notices and verifying their
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                                                  of 1934 (the SEA) as amended in 1975,                                                                         5.17.
                                                  15 U.S.C. 78q–1, 17 CFR 240.17Ad–4,                     accuracy through examinations of the                     Number of respondents: 3.
                                                  and 12 CFR. 208.31 and 225.4(d).                        respondents. There is no formal                          General description of report: This
                                                  Section 17A(a)(2)(A)(i) of the SEA, 15                  reporting form and each notice is filed               information collection is mandatory
                                                  U.S.C. 78q–1(a)(2)(A)(i), directs the                   as a letter.                                          pursuant to sections 12(i) and 23(a)(1) of
                                                  Securities and Exchange Commission                         Current Actions: The Federal Reserve               the Securities Exchange Act of 1934 (15
                                                  (SEC) to use its authority under the SEA                proposes to extend, without revision,                 U.S.C. 781(i) and 78w (a)(1)) and the
                                                  ‘‘to facilitate the establishment of a                  the FR 4013 information collection.                   Board’s Regulation H (12 CFR 208.36).


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                                                                                 Federal Register / Vol. 81, No. 67 / Thursday, April 7, 2016 / Notices                                          20387

                                                  The information collected is not given                  18854, in the third column (last                      requirement is for family planning
                                                  confidential treatment. However, a state                paragraph), correct the ‘‘burden hours                services delivery projects authorized
                                                  member bank make request that a report                  requested’’ to read:                                  and funded by the Title X Family
                                                  or document not be disclosed to the                       The total burden hours requested for                Planning Program [‘‘Population
                                                  public and be held confidential by the                  the research study in Sierra Leone is                 Research and Voluntary Family
                                                  Federal Reserve, (12 CFR 208.36(d). All                 1,836 hours.                                          Planning Programs’’ (Public Law 91–
                                                  such requests for confidential treatment                  Dated: April 4, 2016.                               572)], which was enacted in 1970 as
                                                  will be determined on a case-by-case                                                                          Title X of the Public Health Service Act
                                                                                                          Leroy A. Richardson,
                                                  basis.                                                                                                        (Section 1001; 42 U.S.C. 300). The FPAR
                                                    Abstract: The Federal Reserve’s                       Chief, Information Collection Review Office,
                                                                                                                                                                data collection and reporting tool
                                                                                                          Office of Scientific Integrity, Office of the
                                                  Regulation H requires certain SMBs to                                                                         remains unchanged in this request to
                                                                                                          Associate Director for Science, Office of the
                                                  submit information relating to their                    Director, Centers for Disease Control and             renew OMB approval to collect
                                                  securities to the Federal Reserve on the                Prevention.                                           essential, annual data from Title X
                                                  same forms that bank holding                            [FR Doc. 2016–07992 Filed 4–6–16; 8:45 am]            grantees.
                                                  companies and nonbank entities use to
                                                                                                          BILLING CODE 4163–18–P                                   Need and Proposed Use of the
                                                  submit similar information to the SEC.
                                                                                                                                                                Information: The Title X Family
                                                  The information is primarily used for
                                                                                                                                                                Planning Program (‘‘Title X program’’ or
                                                  public disclosure and is available to the               DEPARTMENT OF HEALTH AND                              ‘‘program’’) is the only Federal grant
                                                  public upon request.                                    HUMAN SERVICES                                        program dedicated solely to providing
                                                    Current Actions: The Federal Reserve
                                                                                                                                                                individuals with comprehensive family
                                                  proposes to extend, without revision,                   Office of the Secretary                               planning and related preventive health
                                                  the Reg H–1 information collection.
                                                                                                          [Document Identifier: HHS–OS–0990–0221–               services (e.g., screening for breast and
                                                    Board of Governors of the Federal Reserve             60D]                                                  cervical cancer, sexually transmitted
                                                  System, April 4, 2016.                                                                                        diseases (STDs), and human
                                                  Robert deV. Frierson,                                   Agency Information Collection                         immunodeficiency virus). By law,
                                                  Secretary of the Board.                                 Activities; Public Comment Request                    priority is given to persons from low-
                                                  [FR Doc. 2016–07991 Filed 4–6–16; 8:45 am]              AGENCY:   Office of the Secretary, HHS.               income families (Section 1006[c] of Title
                                                  BILLING CODE 6210–01–P                                                                                        X of the Public Health Service Act, 42
                                                                                                          ACTION:   Notice.
                                                                                                                                                                U.S.C. 300). The Office of Population
                                                                                                          SUMMARY:   In compliance with section                 Affairs (OPA) within the Office of the
                                                  DEPARTMENT OF HEALTH AND                                3506(c)(2)(A) of the Paperwork                        Assistant Secretary for Health
                                                  HUMAN SERVICES                                          Reduction Act of 1995, the Office of the              administers the Title X program.
                                                                                                          Secretary (OS), Department of Health                     Annual submission of the FPAR is
                                                  Centers for Disease Control and                         and Human Services, announces plans                   required of all Title X family planning
                                                  Prevention                                              to submit a new Information Collection                services grantees for purposes of
                                                  [30Day–15–15BFV]                                        Request (ICR), described below, to the                monitoring and reporting program
                                                                                                          Office of Management and Budget                       performance (45 CFR part 74 and 45
                                                  Agency Forms Undergoing Paperwork                       (OMB). Prior to submitting that ICR to                CFR part 92). The FPAR is the only
                                                  Reduction Act Review—A Study of                         OMB, OS seeks comments from the                       source of annual, uniform reporting by
                                                  Viral Persistence in Ebola Virus                        public regarding the burden estimate,                 all grantees funded under Section 1001
                                                  Disease (EVD) Survivors; Correction                     below, or any other aspect of the ICR.                of the Title X Public Health Service Act.
                                                                                                          DATES: Comments on the ICR must be                    The FPAR provides consistent, national-
                                                  AGENCY: Centers for Disease Control and
                                                                                                          received on or before June 6, 2016.                   level data on the Title X Family
                                                  Prevention (CDC), Department of Health
                                                                                                          ADDRESSES: Submit your comments to                    Planning program and its users that
                                                  and Human Services (HHS).
                                                                                                          Information.CollectionClearance@                      allow OPA to assemble comparable and
                                                  ACTION: Notice; Correction.
                                                                                                          hhs.gov or by calling (202) 690–6162.                 relevant program data to answer
                                                  SUMMARY:   The Centers for Disease                      FOR FURTHER INFORMATION CONTACT:                      questions about the characteristics of
                                                  Control and Prevention (CDC) published                  Information Collection Clearance staff,               the population served, use of services
                                                  a document in the Federal Register of                   Information.CollectionClearance@                      offered, composition of revenues that
                                                  April 1, 2016, concerning request for                   hhs.gov or (202) 690–6162.                            complement Title X funds, and impact
                                                  comments on Agency Forms                                SUPPLEMENTARY INFORMATION: When
                                                                                                                                                                of the program on key health outcomes.
                                                  Undergoing Paperwork Reduction Act                      submitting comments or requesting                        Likely Respondents: Respondents for
                                                  Review—A Study of Viral Persistence in                  information, please include the                       this annual reporting requirement are
                                                  Ebola Virus Disease (EVD) Survivors.                    document identifier 0990–0221–60D for                 centers that receive funding directly
                                                  The document contained an incorrect                     reference.                                            from OPA for family planning services
                                                  total estimate for public burden hours.                   Information Collection Request Title:               authorized and funded under the Title
                                                  FOR FURTHER INFORMATION CONTACT:                        Title X Family Planning Annual Report.                X Family Planning Program
                                                  Leroy Richardson, 1600 Clifton Road,                      Abstract: The Office of Population                  [‘‘Population Research and Voluntary
                                                  MS D–74, Atlanta, GA 30333; telephone                   Affairs within the Office of the Assistant            Family Planning Programs’’ (Pub. L. 91–
                                                                                                          Secretary for Health seeks to renew the               572)], which was enacted in 1970 as
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                                                  (404) 639–4965; email: omb@cdc.gov.
                                                                                                          currently approved Family Planning                    Title X of the Public Health Service Act
                                                  Correction                                              Annual Report (FPAR) data collection                  (Section 1001 of Title X of the Public
                                                    In the Federal Register of April 1,                   and reporting tool (OMB No. 0990–                     Health Service Act, 42 United States
                                                  2016, in FR Doc. 2016–07424, on page                    0221). This annual reporting                          Code [U.S.C.] 300).




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Document Created: 2016-04-06 23:43:53
Document Modified: 2016-04-06 23:43:53
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
ActionThe Federal Reserve proposes to extend, without revision, the FR 4006 information collection.
DatesComments must be submitted on or before June 6, 2016.
ContactA 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 Citation81 FR 20384 

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