81_FR_37777 81 FR 37665 - Agency Information Collection Activities: Proposed Collection; Comment Request

81 FR 37665 - Agency Information Collection Activities: Proposed Collection; Comment Request

DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
FEDERAL RESERVE SYSTEM
FEDERAL DEPOSIT INSURANCE CORPORATION

Federal Register Volume 81, Issue 112 (June 10, 2016)

Page Range37665-37667
FR Document2016-13810

In accordance with the requirements of the Paperwork Reduction Act of 1995 (44 U.S.C. chapter 35), the Board, the OCC, and the FDIC (the ``agencies'') may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (``OMB'') control number. The agencies have approved for public comment a proposal to extend, with minor revision, the Uniform Interagency Transfer Agent Registration and Amendment Form (``Form TA-1''), which is a currently approved collection of information. The agencies propose to modify Form TA-1, effective December 31, 2016, to require Board registrants to submit the form and attachments to a designated email address, to give FDIC registrants the option to submit the form and attachments to a designated email address, to require state savings associations to file with the FDIC, to remove outdated references to the Office of Thrift Supervision (``OTS''), to clarify the definition of a ``qualifying security,'' and to make other instructional clarifications. At the end of the comment period, the comments and recommendations received will be analyzed to determine the extent to which the agencies should modify the proposed revisions before giving final approval. The agencies will then submit the revisions to OMB for approval.

Federal Register, Volume 81 Issue 112 (Friday, June 10, 2016) 
[Federal Register Volume 81, Number 112 (Friday, June 10, 2016)]
[Notices]
[Pages 37665-37667]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-13810]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency

FEDERAL RESERVE SYSTEM

FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Proposed Collection; 
Comment Request

AGENCY: Board of Governors of the Federal Reserve System (Board); 
Office of the Comptroller of the Currency (OCC), Treasury; and Federal 
Deposit Insurance Corporation (FDIC).

ACTION: Joint notice and request for comment.

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SUMMARY: In accordance with the requirements of the Paperwork Reduction 
Act of 1995 (44 U.S.C. chapter 35), the Board, the OCC, and the FDIC 
(the ``agencies'') may not conduct or sponsor, and the respondent is 
not required to respond to, an information collection unless it 
displays a currently valid Office of Management and Budget (``OMB'') 
control number. The agencies have approved for public comment a 
proposal to extend, with minor revision, the Uniform Interagency 
Transfer Agent Registration and Amendment Form (``Form TA-1''), which 
is a currently approved collection of information. The agencies propose 
to modify Form TA-1, effective December 31, 2016, to require Board 
registrants to submit the form and attachments to a designated email 
address, to give FDIC registrants the option to submit the form and 
attachments to a designated email address, to require state savings 
associations to file with the FDIC, to remove outdated references to 
the Office of Thrift Supervision (``OTS''), to clarify the definition 
of a ``qualifying security,'' and to make other instructional 
clarifications. At the end of the comment period, the comments and 
recommendations received will be analyzed to determine the extent to 
which the agencies should modify the proposed revisions before giving 
final approval. The agencies will then submit the revisions to OMB for 
approval.

DATES: Comments must be submitted on or before August 9, 2016.

ADDRESSES: Interested parties are invited to submit written comments to 
any or all of the agencies. All comments, which should refer to the OMB 
control number(s), will be shared among the agencies.
    Board: You may submit comments, which should refer to ``Form TA-
1,'' by any of the following methods:
     Agency Web site: http://www.federalreserve.gov. Follow the 
instructions for submitting comments on http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm.
     Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments.
     Email: [email protected]. Include the 
reporting form numbers 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/generalinfo/foia/ProposedRegs.cfm 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 in Room MP-500 of the Board's Martin Building (20th and C Streets 
NW.) between 9:00 a.m. and 5:00 p.m. on weekdays.
    OCC: Because paper mail in the Washington, DC, area and at the OCC 
is subject to delay, commenters are encouraged to submit comments by 
email, if possible. Comments may be sent to: Legislative and Regulatory 
Activities Division, Office of the Comptroller of the Currency, 
Attention ``1557-0124, Form TA-1,'' 400 7th Street SW., Suite 3E-218, 
Mail Stop 9W-11, Washington, DC 20219. In addition, comments may be 
sent by fax to 571-465-4326 or by electronic mail to 
[email protected].
    You may personally inspect and photocopy comments at the OCC, 400 
7th Street SW., Washington, DC 20219. For security reasons, the OCC 
requires that visitors make an appointment to inspect comments. You may 
do so by calling 202-649-6700 or, for persons who are deaf or hard of 
hearing, TTY, (202) 649-5597. Upon arrival, visitors will be required 
to present valid government-issued photo identification and submit to 
security screening in order to inspect and photocopy comments.
    All comments received, including attachments and other supporting 
materials, are part of the public record and subject to public 
disclosure. Do not include any information in your comments or 
supporting materials that you consider confidential or inappropriate 
for public disclosure.
    FDIC: You may submit comments, which should refer to ``Form TA-1,'' 
by any of the following methods:
     Agency Web site: https://www.fdic.gov/regulations/laws/federal/. Follow the instructions for submitting comments on the FDIC 
Web site.
     Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments.
     Email: [email protected]. Include ``Form TA-1'' in the 
subject line of the message.
     Mail: Gary A. Kuiper, Counsel, Room MB-3016, or Manuel E. 
Cabeza, Counsel, Room MB-3105, Attn: Comments, Federal Deposit 
Insurance Corporation, 550 17th Street NW., Washington, DC 20429.
     Hand Delivery: Comments may be hand delivered to the guard 
station at the rear of the 550 17th Street Building (located on F 
Street) on business days between 7:00 a.m. and 5:00 p.m.
    Public Inspection: All comments received will be posted without 
change to https://www.fdic.gov/regulations/laws/federal/ including any 
personal information provided.
    Additionally, commenters may send a copy of their comments to the 
OMB desk officer for the agencies by mail to the Office of Information 
and Regulatory Affairs, U.S. Office of Management and Budget, New 
Executive Office Building, Room 10235, 725 17th Street NW., Washington, 
DC 20503; by fax to 202-395-6974; or by email to 
[email protected].

FOR FURTHER INFORMATION CONTACT: For further information about the 
proposed revisions to Form TA-1 discussed in this notice, please 
contact any of the agency staff whose names appear below. In addition, 
copies of the current Form TA-1 reporting form and instructions can be 
obtained at the Federal Financial Institutions Examination Council Web 
site (http://www.ffiec.gov/ffiec_report_forms.htm).
    Board: Nuha Elmaghrabi, Federal Reserve Board Clearance Officer, 
202-452-3884, Office of the Chief Data Officer, Board of Governors of 
the Federal Reserve System, 20th and C

[[Page 37666]]

Streets NW., Washington, DC 20551. Telecommunications Device for the 
Deaf (TDD) users may call 202-263-4869.
    OCC: Shaquita Merritt, OCC Clearance Officer, 202-649-5490 or, for 
persons who are deaf or hard of hearing, TTY, (202) 649-5597, 
Legislative and Regulatory Activities Division, Office of the 
Comptroller of the Currency, Washington, DC 20219.
    FDIC: Gary Kuiper, Counsel, 202-898-3877, or Manuel E. Cabeza, 
Counsel, 202-898-3767, Federal Deposit Insurance Corporation, 550 17th 
Street NW., Washington, DC 20429.

SUPPLEMENTARY INFORMATION: 
    The agencies are proposing to extend, with minor revision, Form TA-
1, which is a currently approved collection of information for each 
agency.
    Report Title: Uniform Interagency Transfer Agent Registration and 
Amendment Form.
    Form Number: Form TA-1.
    Frequency of Response: On occasion.
    Affected Public: National banks and their subsidiaries, federal 
savings associations and their subsidiaries, state member banks 
(``SMBs'') and their subsidiaries, state nonmember banks, state savings 
associations, bank holding companies (``BHCs''), certain nondeposit 
trust company subsidiaries of BHCs, and savings and loan holding 
companies (``SLHCs'').

Board

    OMB Number: 7100-0099.
    Estimated Number of Respondents: registrations: 2; amendments: 4.
    Estimated Average Time per Response: registrations: 1.25 hours; 
amendments: 10 minutes.
    Estimated Total Annual Burden: 4 hours.

OCC

    OMB Number: 1557-0124.
    Estimated Number of Respondents: registrations: 1; amendments: 10.
    Estimated Average Time per Response: registrations: 1.25 hours; 
amendments: 10 minutes.
    Estimated Total Annual Burden: 3 hours.

FDIC

    OMB Number: 3064-0026.
    Estimated Number of Respondents: registrations: 2; amendments: 10.
    Estimated Average Time per Response: registrations: 1.25 hours; 
amendments: 10 minutes.
    Estimated Total Annual Burden: 4 hours.

General Description of Report

    Section 17A(c) of the Security Exchange Act of 1934 (the Act) 
requires all transfer agents for securities registered under section 12 
of the Act or, if the security would be required to be registered 
except for the exemption from registration provided by Section 
12(g)(2)(B) or Section 12(g)(2)(G), to ``fil[e] with the appropriate 
regulatory agency . . . an application for registration in such form 
and containing such information and documents . . . as such appropriate 
regulatory agency may prescribe as necessary or appropriate in 
furtherance of the purposes of this section.'' \1\ In general, an 
entity performing transfer agent functions for a security is required 
to register with its appropriate regulatory agency (``ARA'') if the 
security is registered on a national securities exchange or if the 
issuer of the security has total assets exceeding $10 million and a 
class of equity security held of record by 2,000 persons or, for an 
issuer that is not a bank, BHC, or SLHC, by 500 persons who are not 
accredited investors.\2\ The Board's Regulation H (12 CFR 208.31(a)) 
and Regulation Y (12 CFR 225.4(d)), the OCC's 12 CFR 9.20, and the 
FDIC's 12 CFR part 341 implement these provisions of the Act.
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    \1\ 15 U.S.C. 78q-1.
    \2\ 15 U.S.C. 78l(g)(1).
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    To accomplish the registration of transfer agents, Form TA-1 was 
developed in 1975 as an interagency effort by the Securities and 
Exchange Commission (SEC) and the agencies. The agencies primarily use 
the data collected on Form TA-1 to determine whether an application for 
registration should be approved, denied, accelerated or postponed, and 
they use the data in connection with their supervisory 
responsibilities.

Current Actions

    The agencies propose to revise the reporting instructions for Form 
TA-1. The Board will require, and the FDIC will provide the option for, 
respondents to submit a Portable Document Format (PDF) version of the 
form and attachments to a designated email address for each respective 
agency, effective December 31, 2016. In addition, the proposed 
revisions remove outdated references to the OTS, clarify the definition 
of a ``qualifying security'' pursuant to statutory changes, reduce the 
number of Form TA-1 copies that registrants are required to file with 
their ARA to one for all agencies, require state savings associations 
to file with the FDIC, and make other minor instructional 
clarifications.

Discussion of Proposed Revisions

    Title III of the Dodd-Frank Act Wall Street Reform and Consumer 
Protection Act abolishes the OTS and transfers the OTS's functions to 
the OCC, the Board, and the FDIC effective as of July 21, 2011.\3\ 
Therefore, there is no reason to continue to refer to the OTS on Form 
TA-1.
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    \3\ 12 U.S.C. 5301, et seq.
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    Pursuant to statutory changes,\4\ the definition of a `qualifying 
security' was altered to include securities registered on a national 
securities exchange pursuant to Section 12(b) of the Act, as well as 
equity securities registered pursuant to Section 12(g)(1) of the Act 
for issuers that have:
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    \4\ See Fixing America's Surface Transportation Act Sec.  85001, 
Public Law 114-94, 129 Stat. 1312, 1797 (2010), amending 15 U.S.C. 
78a et seq; Jumpstart Our Business Startups Act Sec.  501, Public 
Law 112-106, 126 Stat. 306, 325 (2012), amending 15 U.S.C. 
78l(g)(1)(A).
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    (a) Total assets exceeding $10 million and a class of equity 
security (other than an exempted security) held of record by either 
2,000 persons, or 500 persons who are not accredited investors (as such 
term is defined by the SEC), and
    (b) In the case of an issuer that is a bank, a savings and loan 
holding company (as defined in section 10 of the Home Owners' Loan 
Act), or a bank holding company, as such term is defined in section 2 
of the Bank Holding Company Act of 1956 (12 U.S.C. 1841), has total 
assets exceeding $10 million and a class of equity security (other than 
an exempted security) held of record by 2,000 or more persons.

Legal Basis for the Information Collection

    The agencies have determined that Form TA-1 is mandatory and that 
its collection is authorized by sections 17A(c), 17(a)(3), and 23(a)(1) 
of the Act, as amended (15 U.S.C. 78q-1(c), 78q(a)(3), and 78w(a)(1)). 
Additionally, Section 3(a)(34)(B) of the Act (15 U.S.C. 
78c(a)(34)(B)(ii)) provides that the OCC is the ARA in the case of a 
national banks and insured Federal savings associations, and 
subsidiaries of such institutions; the Board is the ARA for purposes of 
various filings by state member banks and their subsidiaries, BHCs, 
SLHCs, and certain nondepository trust company subsidiaries of BHCs 
that act as a clearing agency or transfer agent; and the FDIC is the 
ARA in the case of state nonmember banks and state non-member savings 
associations, and subsidiaries of such institutions. The registrations 
are public filings and are not considered confidential.

[[Page 37667]]

    Section 208.31 of the Board's regulations (12 CFR 208.31) governs 
registration of transfer agents for state member banks, and section 
225.4(d) (12 CFR 225.4(d)) governs registration of transfer agents for 
bank holding companies and certain nondepository trust company 
subsidiaries of BHCs that act as a transfer agent. The Board is also 
the ARA for SLHCs seeking to act as transfer agent. Before any of these 
entities may perform any transfer agent function for a qualifying 
security, it must register on Form TA-1 with the Board and its 
registration must become effective.
    Section 341.3 of FDIC's regulations (12 CFR part 341) governs 
registration of transfer agents for state nonmember banks and state 
non-member savings associations, and subsidiaries of such institutions. 
Before an insured state nonmember bank or a state savings association 
and any subsidiary of such institution may perform any transfer agent 
function for a qualifying security, it must register on Form TA-1 with 
the FDIC and its registration must become effective.
    Section 9.20 of the OCC's regulations (12 CFR 9.20) governs 
registration of transfer agents. Section 9.20(b) provides that SEC 
rules pursuant to Section 17A of the Act, prescribing operational and 
reporting requirements for transfer agents, apply to the domestic 
activities of registered national bank transfer agents. Before a 
national bank, Federal savings bank, or a bank operating under the Code 
of Law for the District of Columbia, or a subsidiary of any such bank, 
may perform any transfer agent function for a qualifying security, it 
must register on Form TA-1 with the OCC and its registration must 
become effective.

Request for Comment

    The agencies invite comment on the following topics related to this 
collection of information:
    (a) Whether the information collections are necessary for the 
proper performance of the agencies' functions, including whether the 
information has practical utility;
    (b) The accuracy of the agencies' estimates of the burden of the 
information collections, 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 collections 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.
    Comments submitted in response to this joint notice will be shared 
among the agencies. All comments will become a matter of public record.

    Dated: May 24, 2016.
Mary H. Gottlieb,
Regulatory Specialist, Legislative and Regulatory Activities Division, 
Office of the Comptroller of the Currency.
    Board of Governors of the Federal Reserve System, June 3, 2016.
Robert deV. Frierson,
Secretary of the Board.
    Dated at Washington, DC, this 24th day of May, 2016.

Federal Deposit Insurance Corporation.
Valerie J. Best,
Assistant Executive Secretary.
[FR Doc. 2016-13810 Filed 6-9-16; 8:45 am]
 BILLING CODE 6714-01-P; 4810-33-P; 6210-01-P

Federal Register / Vol. 81, No. 112 / Friday, June 10, 2016 / Notices 37665 analyses of those topical areas, and approval. The agencies will then submit will be required to present valid report out on key findings to support the revisions to OMB for approval. government-issued photo identification improving public awareness. DATES: Comments must be submitted on and submit to security screening in Issued in Washington, DC, on June 7, 2016, or before August 9, 2016. order to inspect and photocopy under the authority delegated in 49 CFR 1.97. ADDRESSES: Interested parties are comments. Alan K. Mayberry, invited to submit written comments to All comments received, including Acting Associate Administrator for Pipeline any or all of the agencies. All comments, attachments and other supporting Safety. which should refer to the OMB control materials, are part of the public record [FR Doc. 2016–13845 Filed 6–9–16; 8:45 am] number(s), will be shared among the and subject to public disclosure. Do not BILLING CODE 4910–60–P agencies. include any information in your Board: You may submit comments, comments or supporting materials that which should refer to ‘‘Form TA–1,’’ by you consider confidential or DEPARTMENT OF THE TREASURY any of the following methods: inappropriate for public disclosure. • Agency Web site: http:// FDIC: You may submit comments, Office of the Comptroller of the www.federalreserve.gov. Follow the which should refer to ‘‘Form TA–1,’’ by Currency instructions for submitting comments any of the following methods: on http://www.federalreserve.gov/ • Agency Web site: https:// FEDERAL RESERVE SYSTEM generalinfo/foia/ProposedRegs.cfm. www.fdic.gov/regulations/laws/federal/. • Federal eRulemaking Portal: http:// Follow the instructions for submitting FEDERAL DEPOSIT INSURANCE www.regulations.gov. Follow the comments on the FDIC Web site. CORPORATION instructions for submitting comments. • Federal eRulemaking Portal: http:// • Email: regs.comments@ www.regulations.gov. Follow the Agency Information Collection federalreserve.gov. Include the reporting instructions for submitting comments. Activities: Proposed Collection; form numbers in the subject line of the • Email: Comments@FDIC.gov. Comment Request message. Include ‘‘Form TA–1’’ in the subject line • FAX: 202–452–3819 or 202–452– of the message. AGENCY: Board of Governors of the 3102. • Mail: Gary A. Kuiper, Counsel, Federal Reserve System (Board); Office • Mail: Robert deV. Frierson, Room MB–3016, or Manuel E. Cabeza, of the Comptroller of the Currency Secretary, Board of Governors of the Counsel, Room MB–3105, Attn: (OCC), Treasury; and Federal Deposit Federal Reserve System, 20th Street and Comments, Federal Deposit Insurance Insurance Corporation (FDIC). Constitution Avenue NW., Washington, Corporation, 550 17th Street NW., ACTION: Joint notice and request for DC 20551. Washington, DC 20429. comment. • Hand Delivery: Comments may be All public comments are available SUMMARY: In accordance with the from the Board’s Web site at http:// hand delivered to the guard station at requirements of the Paperwork www.federalreserve.gov/generalinfo/ the rear of the 550 17th Street Building Reduction Act of 1995 (44 U.S.C. foia/ProposedRegs.cfm as submitted, (located on F Street) on business days chapter 35), the Board, the OCC, and the unless modified for technical reasons. between 7:00 a.m. and 5:00 p.m. FDIC (the ‘‘agencies’’) may not conduct Accordingly, your comments will not be Public Inspection: All comments or sponsor, and the respondent is not edited to remove any identifying or received will be posted without change required to respond to, an information contact information. Public comments to https://www.fdic.gov/regulations/ collection unless it displays a currently may also be viewed electronically or in laws/federal/ including any personal valid Office of Management and Budget paper in Room MP–500 of the Board’s information provided. (‘‘OMB’’) control number. The agencies Martin Building (20th and C Streets Additionally, commenters may send a have approved for public comment a NW.) between 9:00 a.m. and 5:00 p.m. copy of their comments to the OMB proposal to extend, with minor revision, on weekdays. desk officer for the agencies by mail to the Uniform Interagency Transfer Agent OCC: Because paper mail in the the Office of Information and Regulatory Registration and Amendment Form Washington, DC, area and at the OCC is Affairs, U.S. Office of Management and (‘‘Form TA–1’’), which is a currently subject to delay, commenters are Budget, New Executive Office Building, approved collection of information. The encouraged to submit comments by Room 10235, 725 17th Street NW., agencies propose to modify Form TA–1, email, if possible. Comments may be Washington, DC 20503; by fax to 202– effective December 31, 2016, to require sent to: Legislative and Regulatory 395–6974; or by email to oira_ Board registrants to submit the form and Activities Division, Office of the submission@omb.eop.gov. attachments to a designated email Comptroller of the Currency, Attention FOR FURTHER INFORMATION CONTACT: For address, to give FDIC registrants the ‘‘1557–0124, Form TA–1,’’ 400 7th further information about the proposed option to submit the form and Street SW., Suite 3E–218, Mail Stop revisions to Form TA–1 discussed in attachments to a designated email 9W–11, Washington, DC 20219. In this notice, please contact any of the address, to require state savings addition, comments may be sent by fax agency staff whose names appear below. associations to file with the FDIC, to to 571–465–4326 or by electronic mail In addition, copies of the current Form remove outdated references to the Office to prainfo@occ.treas.gov. TA–1 reporting form and instructions of Thrift Supervision (‘‘OTS’’), to clarify You may personally inspect and can be obtained at the Federal Financial asabaliauskas on DSK3SPTVN1PROD with NOTICES the definition of a ‘‘qualifying security,’’ photocopy comments at the OCC, 400 Institutions Examination Council Web and to make other instructional 7th Street SW., Washington, DC 20219. site (http://www.ffiec.gov/ffiec_report_ clarifications. At the end of the For security reasons, the OCC requires forms.htm). comment period, the comments and that visitors make an appointment to Board: Nuha Elmaghrabi, Federal recommendations received will be inspect comments. You may do so by Reserve Board Clearance Officer, 202– analyzed to determine the extent to calling 202–649–6700 or, for persons 452–3884, Office of the Chief Data which the agencies should modify the who are deaf or hard of hearing, TTY, Officer, Board of Governors of the proposed revisions before giving final (202) 649–5597. Upon arrival, visitors Federal Reserve System, 20th and C VerDate Sep<11>2014 19:02 Jun 09, 2016 Jkt 238001 PO 00000 Frm 00100 Fmt 4703 Sfmt 4703 E:\FR\FM\10JNN1.SGM 10JNN1

37666 Federal Register / Vol. 81, No. 112 / Friday, June 10, 2016 / Notices Streets NW., Washington, DC 20551. all transfer agents for securities Discussion of Proposed Revisions Telecommunications Device for the Deaf registered under section 12 of the Act Title III of the Dodd-Frank Act Wall (TDD) users may call 202–263–4869. or, if the security would be required to Street Reform and Consumer Protection OCC: Shaquita Merritt, OCC Clearance be registered except for the exemption Act abolishes the OTS and transfers the Officer, 202–649–5490 or, for persons from registration provided by Section OTS’s functions to the OCC, the Board, who are deaf or hard of hearing, TTY, 12(g)(2)(B) or Section 12(g)(2)(G), to and the FDIC effective as of July 21, (202) 649–5597, Legislative and ‘‘fil[e] with the appropriate regulatory 2011.3 Therefore, there is no reason to Regulatory Activities Division, Office of agency . . . an application for continue to refer to the OTS on Form the Comptroller of the Currency, registration in such form and containing TA–1. Washington, DC 20219. such information and documents . . . as Pursuant to statutory changes,4 the FDIC: Gary Kuiper, Counsel, 202– such appropriate regulatory agency may definition of a ‘qualifying security’ was 898–3877, or Manuel E. Cabeza, prescribe as necessary or appropriate in altered to include securities registered Counsel, 202–898–3767, Federal furtherance of the purposes of this on a national securities exchange Deposit Insurance Corporation, 550 17th section.’’ 1 In general, an entity pursuant to Section 12(b) of the Act, as Street NW., Washington, DC 20429. performing transfer agent functions for a well as equity securities registered SUPPLEMENTARY INFORMATION: security is required to register with its pursuant to Section 12(g)(1) of the Act The agencies are proposing to extend, appropriate regulatory agency (‘‘ARA’’) for issuers that have: with minor revision, Form TA–1, which if the security is registered on a national (a) Total assets exceeding $10 million is a currently approved collection of and a class of equity security (other than securities exchange or if the issuer of information for each agency. an exempted security) held of record by the security has total assets exceeding Report Title: Uniform Interagency either 2,000 persons, or 500 persons $10 million and a class of equity Transfer Agent Registration and who are not accredited investors (as Amendment Form. security held of record by 2,000 persons or, for an issuer that is not a bank, BHC, such term is defined by the SEC), and Form Number: Form TA–1. (b) In the case of an issuer that is a Frequency of Response: On occasion. or SLHC, by 500 persons who are not accredited investors.2 The Board’s bank, a savings and loan holding Affected Public: National banks and company (as defined in section 10 of the their subsidiaries, federal savings Regulation H (12 CFR 208.31(a)) and Regulation Y (12 CFR 225.4(d)), the Home Owners’ Loan Act), or a bank associations and their subsidiaries, state holding company, as such term is member banks (‘‘SMBs’’) and their OCC’s 12 CFR 9.20, and the FDIC’s 12 CFR part 341 implement these defined in section 2 of the Bank Holding subsidiaries, state nonmember banks, Company Act of 1956 (12 U.S.C. 1841), state savings associations, bank holding provisions of the Act. has total assets exceeding $10 million companies (‘‘BHCs’’), certain To accomplish the registration of and a class of equity security (other than nondeposit trust company subsidiaries transfer agents, Form TA–1 was an exempted security) held of record by of BHCs, and savings and loan holding developed in 1975 as an interagency 2,000 or more persons. companies (‘‘SLHCs’’). effort by the Securities and Exchange Commission (SEC) and the agencies. Legal Basis for the Information Board Collection The agencies primarily use the data OMB Number: 7100–0099. collected on Form TA–1 to determine The agencies have determined that Estimated Number of Respondents: whether an application for registration Form TA–1 is mandatory and that its registrations: 2; amendments: 4. should be approved, denied, accelerated collection is authorized by sections Estimated Average Time per or postponed, and they use the data in 17A(c), 17(a)(3), and 23(a)(1) of the Act, Response: registrations: 1.25 hours; connection with their supervisory as amended (15 U.S.C. 78q-1(c), amendments: 10 minutes. Estimated Total Annual Burden: 4 responsibilities. 78q(a)(3), and 78w(a)(1)). Additionally, hours. Section 3(a)(34)(B) of the Act (15 U.S.C. Current Actions 78c(a)(34)(B)(ii)) provides that the OCC OCC is the ARA in the case of a national The agencies propose to revise the OMB Number: 1557–0124. banks and insured Federal savings reporting instructions for Form TA–1. Estimated Number of Respondents: associations, and subsidiaries of such The Board will require, and the FDIC institutions; the Board is the ARA for registrations: 1; amendments: 10. will provide the option for, respondents Estimated Average Time per purposes of various filings by state to submit a Portable Document Format member banks and their subsidiaries, Response: registrations: 1.25 hours; (PDF) version of the form and amendments: 10 minutes. BHCs, SLHCs, and certain attachments to a designated email nondepository trust company Estimated Total Annual Burden: 3 address for each respective agency, subsidiaries of BHCs that act as a hours. effective December 31, 2016. In clearing agency or transfer agent; and FDIC addition, the proposed revisions remove the FDIC is the ARA in the case of state OMB Number: 3064–0026. outdated references to the OTS, clarify nonmember banks and state non- Estimated Number of Respondents: the definition of a ‘‘qualifying security’’ member savings associations, and registrations: 2; amendments: 10. pursuant to statutory changes, reduce subsidiaries of such institutions. The the number of Form TA–1 copies that asabaliauskas on DSK3SPTVN1PROD with NOTICES Estimated Average Time per registrations are public filings and are Response: registrations: 1.25 hours; registrants are required to file with their not considered confidential. amendments: 10 minutes. ARA to one for all agencies, require Estimated Total Annual Burden: 4 state savings associations to file with the 3 12 U.S.C. 5301, et seq. hours. FDIC, and make other minor 4 See Fixing America’s Surface Transportation instructional clarifications. Act § 85001, Public Law 114–94, 129 Stat. 1312, General Description of Report 1797 (2010), amending 15 U.S.C. 78a et seq; Jumpstart Our Business Startups Act § 501, Public Section 17A(c) of the Security 1 15 U.S.C. 78q–1. Law 112–106, 126 Stat. 306, 325 (2012), amending Exchange Act of 1934 (the Act) requires 2 15 U.S.C. 78l(g)(1). 15 U.S.C. 78l(g)(1)(A). VerDate Sep<11>2014 19:02 Jun 09, 2016 Jkt 238001 PO 00000 Frm 00101 Fmt 4703 Sfmt 4703 E:\FR\FM\10JNN1.SGM 10JNN1

Federal Register / Vol. 81, No. 112 / Friday, June 10, 2016 / Notices 37667 Section 208.31 of the Board’s (e) Estimates of capital or start-up SUPPLEMENTARY INFORMATION: regulations (12 CFR 208.31) governs costs and costs of operation, Title: Health Coverage Tax Credit registration of transfer agents for state maintenance, and purchase of services (HCTC) Advance Payments. member banks, and section 225.4(d) (12 to provide information. Comments submitted in response to OMB Number: 1545–1813. CFR 225.4(d)) governs registration of transfer agents for bank holding this joint notice will be shared among Form Number: Form 1099–H. companies and certain nondepository the agencies. All comments will become Abstract: Form 1099–H is used to trust company subsidiaries of BHCs that a matter of public record. report advance payments of health act as a transfer agent. The Board is also Dated: May 24, 2016. insurance premiums to qualified the ARA for SLHCs seeking to act as Mary H. Gottlieb, recipients for their use in computing the transfer agent. Before any of these allowable health insurance credit on Regulatory Specialist, Legislative and entities may perform any transfer agent Regulatory Activities Division, Office of the Form 8885. function for a qualifying security, it Comptroller of the Currency. Current Actions: There are no changes must register on Form TA–1 with the being made to the form at this time. Board of Governors of the Federal Reserve Board and its registration must become System, June 3, 2016. However, the estimated number of effective. responses is being decreased as a result Robert deV. Frierson, Section 341.3 of FDIC’s regulations Secretary of the Board. of updated filing estimates. (12 CFR part 341) governs registration of transfer agents for state nonmember Dated at Washington, DC, this 24th day of Type of Review: Revision of a banks and state non-member savings May, 2016. currently approved collection. associations, and subsidiaries of such Federal Deposit Insurance Corporation. Affected Public: Business or other for- institutions. Before an insured state Valerie J. Best, profit organizations. nonmember bank or a state savings Assistant Executive Secretary. Estimated Number of Responses: association and any subsidiary of such [FR Doc. 2016–13810 Filed 6–9–16; 8:45 am] 49,000. institution may perform any transfer BILLING CODE 6714–01–P; 4810–33–P; 6210–01–P Estimated Time per Respondent: 18 agent function for a qualifying security, minutes. it must register on Form TA–1 with the FDIC and its registration must become DEPARTMENT OF THE TREASURY Estimated Total Annual Burden effective. Hours: 14,700. Section 9.20 of the OCC’s regulations Internal Revenue Service The following paragraph applies to all (12 CFR 9.20) governs registration of of the collections of information covered transfer agents. Section 9.20(b) provides Proposed Collection; Comment by this notice: that SEC rules pursuant to Section 17A Request for Form 1099–H An agency may not conduct or of the Act, prescribing operational and AGENCY: Internal Revenue Service (IRS), sponsor, and a person is not required to reporting requirements for transfer Treasury. respond to, a collection of information agents, apply to the domestic activities ACTION: Notice and request for unless the collection of information of registered national bank transfer comments. displays a valid OMB control number. agents. Before a national bank, Federal Books or records relating to a collection savings bank, or a bank operating under SUMMARY: The Department of the of information must be retained as long the Code of Law for the District of Treasury, as part of its continuing effort as their contents may become material Columbia, or a subsidiary of any such to reduce paperwork and respondent in the administration of any internal bank, may perform any transfer agent burden, invites the general public and revenue law. Generally, tax returns and function for a qualifying security, it other Federal agencies to take this tax return information are confidential, must register on Form TA–1 with the opportunity to comment on proposed as required by 26 U.S.C. 6103. OCC and its registration must become and/or continuing information Request for Comments: Comments effective. collections, as required by the submitted in response to this notice will Request for Comment Paperwork Reduction Act of 1995, be summarized and/or included in the Public Law 104–13(44 U.S.C. request for OMB approval. All The agencies invite comment on the 3506(c)(2)(A)). Currently, the IRS is following topics related to this comments will become a matter of soliciting comments concerning Form public record. Comments are invited on: collection of information: 1099–H, Health Coverage Tax Credit (a) Whether the information (a) Whether the collection of (HCTC) Advance Payments. information is necessary for the proper collections are necessary for the proper DATES: Written comments should be performance of the functions of the performance of the agencies’ functions, received on or before August 9, 2016. to agency, including whether the including whether the information has be assured of consideration. information shall have practical utility; practical utility; (b) The accuracy of the agencies’ ADDRESSES: Direct all written comments (b) the accuracy of the agency’s estimate estimates of the burden of the to Tuawana Pinkston, Internal Revenue of the burden of the collection of information collections, including the Service, Room 6528, 1111 Constitution information; (c) ways to enhance the validity of the methodology and Avenue NW., Washington, DC 20224. quality, utility, and clarity of the FOR FURTHER INFORMATION CONTACT: information to be collected; (d) ways to asabaliauskas on DSK3SPTVN1PROD with NOTICES assumptions used; (c) Ways to enhance the quality, Requests for additional information or minimize the burden of the collection of utility, and clarity of the information to copies of the form and instructions information on respondents, including be collected; should be directed to R. Joseph Durbala, through the use of automated collection (d) Ways to minimize the burden of at Internal Revenue Service, Room 6129, techniques or other forms of information information collections on respondents, 1111 Constitution Avenue NW., technology; and (e) estimates of capital including through the use of automated Washington, DC 20224, or at (202) 317– or start-up costs and costs of operation, collection techniques or other forms of 5746, or through the internet at maintenance, and purchase of services information technology; and RJoseph.Durbala@irs.gov. to provide information. VerDate Sep<11>2014 19:02 Jun 09, 2016 Jkt 238001 PO 00000 Frm 00102 Fmt 4703 Sfmt 4703 E:\FR\FM\10JNN1.SGM 10JNN1


Document Created: 2018-02-08 07:36:00
Document Modified: 2018-02-08 07:36:00
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
ActionJoint notice and request for comment.
DatesComments must be submitted on or before August 9, 2016.
ContactFor further information about the proposed revisions to Form TA-1 discussed in this notice, please contact any of the agency staff whose names appear below. In addition, copies of the current Form TA-1 reporting form and instructions can be obtained at the Federal Financial Institutions Examination Council Web site (http://www.ffiec.gov/ffiec_report_forms.htm).
FR Citation81 FR 37665 
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