81 FR 79483 - Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB

FEDERAL RESERVE SYSTEM

Federal Register Volume 81, Issue 219 (November 14, 2016)

The Board of Governors of the Federal Reserve System (Board or Federal Reserve) is adopting a proposal to revise, with extension, the mandatory Uniform Interagency Transfer Agent Registration and Amendment Form. The revisions to this mandatory information are effective December 31, 2016. On June 15, 1984, the Office of Management and Budget (OMB) delegated to the Board authority under the Paperwork Reduction Act (PRA) to approve of and assign OMB control numbers to collection of information requests and requirements conducted or sponsored by the Board. In exercising this delegated authority, the Board is directed to take every reasonable step to solicit comment. In determining whether to approve a collection of information, the Board will consider all comments received from the public and other agencies.

[Federal Register Volume 81, Number 219 (Monday, November 14, 2016)]
[Notices]
[Pages 79483-79484]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-27298]


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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: The Board of Governors of the Federal Reserve System (Board or 
Federal Reserve) is adopting a proposal to revise, with extension, the 
mandatory Uniform Interagency Transfer Agent Registration and Amendment 
Form. The revisions to this mandatory information are effective 
December 31, 2016.
    On June 15, 1984, the Office of Management and Budget (OMB) 
delegated to the Board authority under the Paperwork Reduction Act 
(PRA) to approve of and assign OMB control numbers to collection of 
information requests and requirements conducted or sponsored by the 
Board. In exercising this delegated authority, the Board is directed to 
take every reasonable step to solicit comment. In determining whether 
to approve a collection of information, the Board will consider all 
comments received from the public and other agencies.

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.

[[Page 79484]]

    Final approval under OMB delegated authority of the extension for 
three years, with revision, of the following report:
    Report Title: Uniform Interagency Transfer Agent Registration and 
Amendment Form.
    OMB Control Number: 7100-0099.
    Agency Form Number: Form TA-1.
    Frequency: On occasion.
    Reporters: State member banks (``SMBs'') and their subsidiaries, 
bank holding companies (``BHCs''), certain nondeposit trust company 
subsidiaries of BHCs, and savings and loan holding companies 
(``SLHCs'').
    Effective Date: December 31, 2016.
    Estimated Number of Respondents: Registrations: 2; amendments: 4.
    Estimated Average Hours per Response: Registrations: 1.25 hours; 
amendments: 10 minutes.
    Estimated Annual Burden Hours: 4 hours.
    General Description of Report: The Securities Exchange Act of 1934 
(the Act) requires any person acting as a transfer agent to register as 
such and to amend registration information when it changes. State 
member banks (SMBs) and their subsidiaries, bank holding companies 
(BHCs), savings and loan holding companies (SLHCs), and certain 
nondeposit trust company and other subsidiaries of BHCs register with 
the Federal Reserve System by submitting Form TA-1. The information 
collected is available to the public upon request and includes the 
company name, all business addresses, and answers to three questions 
about the registrant's proposed activities as a transfer agent. The 
Federal Reserve uses the information to act upon registration 
applications and to aid in performing its supervisory duties.
    Current Actions: On June 10, 2016, the Board, FDIC, and OCC jointly 
published an initial notice in the Federal Register \1\ requesting 
public comment for 60 days on the extension, with revision, of Form TA-
1. The Board proposed to revise the Form TA-1 to require submission of 
the form to a designated Federal Reserve Board email address, as well 
as certain other instructional clarifications.\2\ The comment period 
for this notice expired on August 9, 2016. The Board did not receive 
any comments. The revisions will be implemented as proposed.
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    \1\ See 81 FR 37665.
    \2\ The proposed revisions remove references to the Office of 
Thrift Supervision, clarify the definition of a `qualifying 
security' pursuant to regulatory changes, and alter the number of 
Form TA-1 copies registrants are required to file with the Federal 
Reserve Board.
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    Legal Authorization and Confidentiality: The Form TA-1 is mandatory 
and 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)(ii) of the Act (15 U.S.C. 
78c(a)(34)(B)(ii)) provides that the Board is the appropriate 
regulatory agency for purposes of various filings by SMBs and their 
subsidiaries, BHCs, SLHCs, and certain nondepository trust company 
subsidiaries of BHCs that act as a clearing agency or transfer agent. 
The registrations are public filings and are not considered 
confidential.

    Board of Governors of the Federal Reserve System, November 8, 
2016.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2016-27298 Filed 11-10-16; 8:45 am]
 BILLING CODE 6210-01-P