81 FR 42359 - Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB
FEDERAL RESERVE SYSTEM Federal Register Volume 81, Issue 125 (June 29, 2016)
Federal Register Volume 81, Issue 125 (June 29, 2016)
| Page Range | 42359-42360 | |
| FR Document | 2016-15326 |
[Federal Register Volume 81, Number 125 (Wednesday, June 29, 2016)] [Notices] [Pages 42359-42360] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-15326] ----------------------------------------------------------------------- FEDERAL RESERVE SYSTEM Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB AGENCY: Board of Governors of the Federal Reserve System. SUMMARY: Notice is hereby given of the final approval of a proposed information collection by the Board of Governors of the Federal Reserve System (Board) under OMB delegated authority. Board-approved collections of information are incorporated into the official OMB inventory of currently approved collections of information. Copies of the Paperwork Reduction Act Submission, supporting statements and approved collection of information instrument(s) 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 control number. FOR FURTHER INFORMATION CONTACT: 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. 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. Final approval under OMB delegated authority of the extension for three years, without revision, of the following reports: 1. Report title: Consumer Satisfaction Questionnaire, the Federal Reserve Consumer Help--Consumer Survey, the Consumer Online Complaint Form, and the Appraisal Complaint Form. Agency form number: FR 1379a, FR 1379b, FR 1379c, and FR 1379d. OMB control number: 7100-0135. Frequency: Event generated. Reporters: Consumers, appraisers, and financial institutions. Estimated annual burden hours: FR 1379a: 58 hours; FR 1379b: 121 hours; FR 1379c: 982 hours; FR 1379d: 7 hours. Estimated average hours per response: FR 1379a: 5 minutes; FR 1379b: 5 minutes; FR 1379c: 10 minutes; FR 1379d: 30 minutes. Number of respondents: FR 1379a: 695; FR 1379b: 1,455; FR 1379c: 5,890; FR 1379d: 14. General description of report: The Board's Legal Division has determined that the FR 1379a,b,and c are authorized by law pursuant to section 11(a) of the Federal Reserve Act (12 U.S.C. 248(a)), and sections 3(q) and 8 of the Federal Deposit Insurance Act (FDIC Act) (12 U.S.C. 1813(Q) and 1818). Additionally, the Board is authorized to collect the information on the FR 1379d pursuant to section 1103 of the Financial Institutions and Reform, Recovery, and Enforcement Act, which authorizes the Federal Financial Institutions Examination Council- Appraisal Subcommittee to ``perform research, as [it] considers appropriate,'' for the purpose of carrying out its duties (12 U.S.C. 3335). The obligation to respond is voluntary. The FR 1379a is not considered confidential. The FR 1379b collects the respondent's name and the respondent may provide other personal information and information regarding his or her complaint. The FR 1379c collects the respondent's third-party representative if the respondent has such a representative. The FR 1379d collects the respondent's name and the respondent may provide other personal information and information regarding his or her complaint. Thus, some of the information collected on the FR 1379b, FR 1379c, and FR 1379d may be considered confidential under the Freedom of Information Act (5 U.S.C. 552(b)(4), (b)(6), (b)(7)). Abstract: The FR 1379a questionnaire is sent to consumers who have filed complaints with the Board against state member banks. The information is used to assess their satisfaction with the Board's handling and written response to their complaint at the conclusion of an investigation. The FR 1379b survey is sent to consumers who contact the Federal Reserve Consumer Help (FRCH) to file a complaint or inquiry. The information is used to determine whether consumers are satisfied with the way the FRCH handled their complaint. Consumers use the FR 1379c complaint form to electronically submit a complaint against a financial institution to the FRCH. The FR 1379d Appraisal complaint form collects information about complaints regarding a regulated institution's non-compliance with the appraisal independence standards and the Uniform Standards of Professional Appraisal Practice, including complaints from appraisers, individuals, financial institutions, and other entities. The information is necessary so that the federal agencies \1\ may better assist the Federal Financial Institutions Examination Council-Appraisal Subcommittee (FFIEC-ASC) \2\ [[Page 42360]] in its efforts to implement Dodd-Frank Wall Street Reform and Consumer Protection Act \3\ that requires a national hotline be established for appraisal related complaints. --------------------------------------------------------------------------- \1\ ``Agencies'' include the Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, National Credit Union Administration, and Consumer Financial Protection Bureau. \2\ Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) of 1989 amended the FIRIRCA Act of 1978 to create the ASC ``within'' the FFIEC on August 9, 1989. Pursuant to Title XI, the ASC's mission is to monitor federal, state, and appraisal industry initiatives relative to the appraisal process at federally- regulated financial institutions and maintain a national registry of appraisers eligible to perform appraisals for federally related real estate transactions. As an independent FFIEC subcommittee, the ASC is funded by fees collected through the registry. The ASC board has seven members, one from each of these agencies: OCC, FRB, FDIC, NCUA, CFPB, FHFA and U.S. Department of Housing and Urban Development (HUD). The ASC Web site may be found at www.asc.gov/Home.aspx \3\ Dodd-Frank Wall Street Reform and Consumer Protection Act Sec. 1473, Pub. L. 111-203, 124 Stat. 1376, July 21, 2010. --------------------------------------------------------------------------- Current Actions: On April 4, 2016, the Board published a notice in the Federal Register (81 FR 19181) requesting public comment for 60 days on the proposal to extend for three years, without revision, the FR 1379. The comment period for this notice expired on June 3, 2016. The Board did not receive any comments, and the information collection will be extended as proposed. 2. Report title: Survey to Obtain Information on the Relevant Market in Individual Merger Cases. Agency form number: FR 2060. OMB control number: 7100-0232. Frequency: On occasion. Reporters: Small businesses and consumers. Estimated annual burden hours: 9 hours. Estimated average hours per response: Small businesses: 10 minutes; Consumers: 6 minutes. Number of respondents: Small businesses: 25; Consumers: 50. General description of report: The FR 2060 is voluntary and authorized pursuant to the Change In Bank Control Act (12 U.S.C. 1817(j)(7)(A) and (B)), the Bank Merger Act (12 U.S.C. 1828(c)(5)), and section 3(c)(1) of the Bank Holding Company Act (12 U.S.C. 1842(c)(1)). Each of these sections require the Board to evaluate merger and acquisition applications by banks and bank holding companies to determine the effects of proposed transactions on competition in a particular banking market. In order to make this determination, the Board must determine the relevant market and then determine the level of competition in the market. This survey provides the data necessary to make such determinations when the Board otherwise would not have such information. Information obtained from small business and individuals may be kept confidential under the Freedom of Information Act (FOIA). Information obtained from small businesses can be considered confidential under exemption (b)(4) of the FOIA because the release of information obtained from small businesses would (1) impair the Board's ability to obtain this information from entities that could not be compelled to respond, and (2) cause substantial harm to the competitive position of the entity from whom the information was obtained (5 U.S.C. 552(b)(4)). In addition, information obtained from consumers may be kept confidential under exemption (b)(6) of the FOIA because the information the survey collects is the type of information that would constitute a clearly unwarranted invasion of personal privacy (Id. at 552(b)(6)). Abstract: The Board uses this information to define relevant banking markets for specific merger and acquisition applications and to evaluate changes in competition that would result from proposed transactions, including purchase and assumption agreements. The event- generated survey is conducted by telephone and has been used no more than once per year since 1990. Current Actions: On April 4, 2016, the Board published a notice in the Federal Register (81 FR 19181) requesting public comment for 60 days on the proposal to extend for three years, without revision, the FR 2060. The comment period for this notice expired on June 3, 2016. The Board did not receive any comments, and the information collection will be extended as proposed. 3. Report title: Notice of Branch Closure. Agency form number: FR 4031. OMB control number: 7100-0264. Frequency: On occasion. Reporters: State member banks. Estimated annual burden hours: 247 hours. Estimated average hours per response: Reporting requirements: 2 hours; Disclosure requirements, customer mailing: 0.75 hours and posted notice, 0.25 hours; and Recordkeeping requirements: 8 hours. Number of respondents: Reporting requirements: 82; Disclosure requirements: customer mailing, 82 and posted notice, 82; and Recordkeeping requirements, 0. General description of report: This information collection is mandatory pursuant to Section 42(a)(1) of the Federal Deposit Insurance Act (FDI Act) (12 U.S.C. 1831r-l(a)(1)). The Board does not consider individual respondent data to be confidential. However, a state member bank may request confidential treatment pursuant to exemption b(4) of the Freedom of Information Act (5 U.S.C.552(b)(4)). Abstract: The mandatory reporting, recordkeeping, and disclosure requirements regarding the closing of any branch of an insured depository institution are imposed by section 228 of the Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA). There is no formal reporting form (the FR 4031 designation is for internal purposes only) associated with the reporting portion of this information collection; state member banks notify the Federal Reserve Banks by letter prior to closing a branch. The Board uses the information to fulfill its statutory obligation to supervise state member banks. Current Actions: On April 4, 2016, the Board published a notice in the Federal Register (81 FR 19181) requesting public comment for 60 days on the proposal to extend for three years, without revision, the FR 4031. The comment period for this notice expired on June 3, 2016. The Board did not receive any comments, and the information collection will be extended as proposed. Board of Governors of the Federal Reserve System, June 23, 2016. Robert deV. Frierson, Secretary of the Board. [FR Doc. 2016-15326 Filed 6-28-16; 8:45 am] BILLING CODE 6210-01-P
![Federal Register / Vol. 81, No. 125 / Wednesday, June 29, 2016 / Notices 42359
Reporters: SMBs. collection of information instrument(s) [it] considers appropriate,’’ for the
Estimated annual reporting hours: are placed into OMB’s public docket purpose of carrying out its duties (12
264. files. The Federal Reserve may not U.S.C. 3335). The obligation to respond
Estimated average hours per response: conduct or sponsor, and the respondent is voluntary.
5.17. is not required to respond to, an The FR 1379a is not considered
Number of respondents: 3. information collection that has been confidential. The FR 1379b collects the
General description of report: This extended, revised, or implemented on or respondent’s name and the respondent
information collection is mandatory after October 1, 1995, unless it displays may provide other personal information
pursuant to sections 12(i) and 23(a)(1) of a currently valid OMB control number. and information regarding his or her
the Securities Exchange Act of 1934 (15 complaint. The FR 1379c collects the
FOR FURTHER INFORMATION CONTACT:
U.S.C. 781(i) and 78w (a)(1)) and the respondent’s third-party representative
Board’s Regulation H (12 CFR 208.36). Federal Reserve Board Clearance
Officer—Nuha Elmaghrabi—Office of if the respondent has such a
The information collected is not given representative. The FR 1379d collects
confidential treatment. However, a state the Chief Data Officer, Board of
Governors of the Federal Reserve the respondent’s name and the
member bank make request that a report respondent may provide other personal
or document not be disclosed to the System, Washington, DC 20551 (202)
452–3829. Telecommunications Device information and information regarding
public and be held confidential by the his or her complaint. Thus, some of the
Board, (12 CFR 208.36(d). All such for the Deaf (TDD) users may contact
(202) 263–4869, Board of Governors of information collected on the FR 1379b,
requests for confidential treatment will FR 1379c, and FR 1379d may be
be determined on a case-by-case basis. the Federal Reserve System,
considered confidential under the
Abstract: The Board’s Regulation H Washington, DC 20551.
Freedom of Information Act (5 U.S.C.
requires certain SMBs to submit OMB Desk Officer—Shagufta
552(b)(4), (b)(6), (b)(7)).
information relating to their securities to Ahmed—Office of Information and Abstract: The FR 1379a questionnaire
the Board on the same forms that bank Regulatory Affairs, Office of is sent to consumers who have filed
holding companies and nonbank Management and Budget, New complaints with the Board against state
entities use to submit similar Executive Office Building, Room 10235 member banks. The information is used
information to the SEC. The information 725 17th Street, NW., Washington, DC to assess their satisfaction with the
is primarily used for public disclosure 20503. Board’s handling and written response
and is available to the public upon Final approval under OMB delegated to their complaint at the conclusion of
request. authority of the extension for three an investigation. The FR 1379b survey
Current Actions: On April 7, 2016, the years, without revision, of the following is sent to consumers who contact the
Board published a notice in the Federal reports: Federal Reserve Consumer Help (FRCH)
Register (81 FR 20384) requesting 1. Report title: Consumer Satisfaction to file a complaint or inquiry. The
public comment for 60 days on the Questionnaire, the Federal Reserve information is used to determine
proposal to extend for three years, Consumer Help—Consumer Survey, the whether consumers are satisfied with
without revision, the Reg H–1. The Consumer Online Complaint Form, and the way the FRCH handled their
comment period for this notice expired the Appraisal Complaint Form. complaint. Consumers use the FR 1379c
on June 6, 2016. The Board did not Agency form number: FR 1379a, FR complaint form to electronically submit
receive any comments, and the 1379b, FR 1379c, and FR 1379d. a complaint against a financial
information collection will be extended OMB control number: 7100–0135. institution to the FRCH. The FR 1379d
as proposed. Frequency: Event generated. Appraisal complaint form collects
Reporters: Consumers, appraisers, and information about complaints regarding
Board of Governors of the Federal Reserve
System, June 23, 2016.
financial institutions. a regulated institution’s non-compliance
Estimated annual burden hours: FR with the appraisal independence
Robert deV. Frierson
1379a: 58 hours; FR 1379b: 121 hours; standards and the Uniform Standards of
Secretary of the Board.
FR 1379c: 982 hours; FR 1379d: 7 hours. Professional Appraisal Practice,
[FR Doc. 2016–15325 Filed 6–28–16; 8:45 am] Estimated average hours per response: including complaints from appraisers,
BILLING CODE 6210–01–P FR 1379a: 5 minutes; FR 1379b: 5 individuals, financial institutions, and
minutes; FR 1379c: 10 minutes; FR other entities. The information is
1379d: 30 minutes. necessary so that the federal agencies 1
FEDERAL RESERVE SYSTEM Number of respondents: FR 1379a: may better assist the Federal Financial
Agency Information Collection 695; FR 1379b: 1,455; FR 1379c: 5,890; Institutions Examination Council-
Activities: Announcement of Board FR 1379d: 14. Appraisal Subcommittee (FFIEC–ASC) 2
Approval Under Delegated Authority General description of report: The
and Submission to OMB Board’s Legal Division has determined 1 ‘‘Agencies’’ include the Board of Governors of
that the FR 1379a,b,and c are authorized the Federal Reserve System, Federal Deposit
AGENCY: Board of Governors of the by law pursuant to section 11(a) of the Insurance Corporation, Office of the Comptroller of
Federal Reserve System. Federal Reserve Act (12 U.S.C. 248(a)), the Currency, National Credit Union
Administration, and Consumer Financial Protection
SUMMARY: Notice is hereby given of the and sections 3(q) and 8 of the Federal Bureau.
final approval of a proposed information Deposit Insurance Act (FDIC Act) (12 2 Title XI of the Financial Institutions Reform,
collection by the Board of Governors of U.S.C. 1813(Q) and 1818). Additionally, Recovery, and Enforcement Act (FIRREA) of 1989
the Federal Reserve System (Board) the Board is authorized to collect the amended the FIRIRCA Act of 1978 to create the
mstockstill on DSK3G9T082PROD with NOTICES
ASC ‘‘within’’ the FFIEC on August 9, 1989.
under OMB delegated authority. Board- information on the FR 1379d pursuant Pursuant to Title XI, the ASC’s mission is to
approved collections of information are to section 1103 of the Financial monitor federal, state, and appraisal industry
incorporated into the official OMB Institutions and Reform, Recovery, and initiatives relative to the appraisal process at
inventory of currently approved Enforcement Act, which authorizes the federally- regulated financial institutions and
maintain a national registry of appraisers eligible to
collections of information. Copies of the Federal Financial Institutions perform appraisals for federally related real estate
Paperwork Reduction Act Submission, Examination Council-Appraisal transactions. As an independent FFIEC
supporting statements and approved Subcommittee to ‘‘perform research, as Continued
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![42360 Federal Register / Vol. 81, No. 125 / Wednesday, June 29, 2016 / Notices
in its efforts to implement Dodd-Frank the release of information obtained from Abstract: The mandatory reporting,
Wall Street Reform and Consumer small businesses would (1) impair the recordkeeping, and disclosure
Protection Act 3 that requires a national Board’s ability to obtain this requirements regarding the closing of
hotline be established for appraisal information from entities that could not any branch of an insured depository
related complaints. be compelled to respond, and (2) cause institution are imposed by section 228
Current Actions: On April 4, 2016, the substantial harm to the competitive of the Federal Deposit Insurance
Board published a notice in the Federal position of the entity from whom the Corporation Improvement Act of 1991
Register (81 FR 19181) requesting information was obtained (5 U.S.C. (FDICIA). There is no formal reporting
public comment for 60 days on the 552(b)(4)). In addition, information form (the FR 4031 designation is for
proposal to extend for three years, obtained from consumers may be kept internal purposes only) associated with
without revision, the FR 1379. The confidential under exemption (b)(6) of the reporting portion of this information
comment period for this notice expired the FOIA because the information the collection; state member banks notify
on June 3, 2016. The Board did not survey collects is the type of the Federal Reserve Banks by letter prior
receive any comments, and the information that would constitute a to closing a branch. The Board uses the
information collection will be extended clearly unwarranted invasion of information to fulfill its statutory
as proposed. personal privacy (Id. at 552(b)(6)). obligation to supervise state member
2. Report title: Survey to Obtain Abstract: The Board uses this banks.
Information on the Relevant Market in information to define relevant banking Current Actions: On April 4, 2016, the
Individual Merger Cases. markets for specific merger and Board published a notice in the Federal
Agency form number: FR 2060. acquisition applications and to evaluate Register (81 FR 19181) requesting
OMB control number: 7100–0232. changes in competition that would public comment for 60 days on the
Frequency: On occasion. result from proposed transactions, proposal to extend for three years,
Reporters: Small businesses and including purchase and assumption without revision, the FR 4031. The
consumers. agreements. The event-generated survey comment period for this notice expired
Estimated annual burden hours: 9 is conducted by telephone and has been on June 3, 2016. The Board did not
hours. used no more than once per year since receive any comments, and the
Estimated average hours per response: 1990. information collection will be extended
Small businesses: 10 minutes; Current Actions: On April 4, 2016, the as proposed.
Consumers: 6 minutes. Board published a notice in the Federal Board of Governors of the Federal Reserve
Number of respondents: Small Register (81 FR 19181) requesting System, June 23, 2016.
businesses: 25; Consumers: 50. public comment for 60 days on the Robert deV. Frierson,
General description of report: The FR proposal to extend for three years, Secretary of the Board.
2060 is voluntary and authorized without revision, the FR 2060. The [FR Doc. 2016–15326 Filed 6–28–16; 8:45 am]
pursuant to the Change In Bank Control comment period for this notice expired BILLING CODE 6210–01–P
Act (12 U.S.C. 1817(j)(7)(A) and (B)), the on June 3, 2016. The Board did not
Bank Merger Act (12 U.S.C. 1828(c)(5)), receive any comments, and the
and section 3(c)(1) of the Bank Holding information collection will be extended DEPARTMENT OF HEALTH AND
Company Act (12 U.S.C. 1842(c)(1)). as proposed. HUMAN SERVICES
Each of these sections require the Board 3. Report title: Notice of Branch
to evaluate merger and acquisition Closure. Administration for Community Living
applications by banks and bank holding Agency form number: FR 4031.
companies to determine the effects of OMB control number: 7100–0264. Agency Information Collection
proposed transactions on competition in Frequency: On occasion. Activities; Proposed Collection; Public
a particular banking market. In order to Reporters: State member banks. Comment Request; Senior Medicare
make this determination, the Board Estimated annual burden hours: 247 Patrol (SMP) Program National
must determine the relevant market and hours. Beneficiary Survey
then determine the level of competition Estimated average hours per response: AGENCY: Administration for Community
in the market. This survey provides the Reporting requirements: 2 hours; Living, HHS.
data necessary to make such Disclosure requirements, customer ACTION: Notice.
determinations when the Board mailing: 0.75 hours and posted notice,
otherwise would not have such 0.25 hours; and Recordkeeping SUMMARY: The Administration for
information. requirements: 8 hours. Community Living (ACL) is announcing
Information obtained from small Number of respondents: Reporting an opportunity for the public to
business and individuals may be kept requirements: 82; Disclosure comment on ACL’s intention to collect
confidential under the Freedom of requirements: customer mailing, 82 and information from the public related to
Information Act (FOIA). Information posted notice, 82; and Recordkeeping the Senior Medicare Patrol (SMP)
obtained from small businesses can be requirements, 0. Program. Under the Paperwork
considered confidential under General description of report: This Reduction Act of 1995 (the PRA),
exemption (b)(4) of the FOIA because information collection is mandatory federal agencies are required to publish
pursuant to Section 42(a)(1) of the a notice in the Federal Register
subcommittee, the ASC is funded by fees collected Federal Deposit Insurance Act (FDI Act) concerning each proposed collection of
mstockstill on DSK3G9T082PROD with NOTICES
through the registry. The ASC board has seven
members, one from each of these agencies: OCC, (12 U.S.C. 1831r–l(a)(1)). The Board information (including each proposed
FRB, FDIC, NCUA, CFPB, FHFA and U.S. does not consider individual respondent extension or reinstatement of an existing
Department of Housing and Urban Development data to be confidential. However, a state collection of information) and to allow
(HUD). The ASC Web site may be found at member bank may request confidential 60 days for public comment on the
www.asc.gov/Home.aspx
3 Dodd-Frank Wall Street Reform and Consumer treatment pursuant to exemption b(4) of proposed action. Interested persons are
Protection Act § 1473, Pub. L. 111–203, 124 Stat. the Freedom of Information Act (5 invited to send comments regarding our
1376, July 21, 2010. U.S.C.552(b)(4)). burden estimates or any other aspect of
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Document Created: 2018-02-08 07:43:07
Document Modified: 2018-02-08 07:43:07
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Notices | |
| Action | On April 4, 2016, the Board published a notice in the Federal Register (81 FR 19181) requesting public comment for 60 days on the proposal to extend for three years, without revision, the FR 1379. The comment period for this notice expired on June 3, 2016. The Board did not receive any comments, and the information collection will be extended as proposed. | |
| Contact | 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. | |
| FR Citation | 81 FR 42359 |
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