82 FR 24969 - Notice of Proposals To Engage in or To Acquire Companies Engaged in Permissible Nonbanking Activities

FEDERAL RESERVE SYSTEM

Federal Register Volume 82, Issue 103 (May 31, 2017)

Page Range		24969-24970
FR Document		2017-11208

Federal Register, Volume 82 Issue 103 (Wednesday, May 31, 2017)

[Federal Register Volume 82, Number 103 (Wednesday, May 31, 2017)]
[Notices]
[Pages 24969-24970]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-11208]


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FEDERAL RESERVE SYSTEM


Notice of Proposals To Engage in or To Acquire Companies Engaged 
in Permissible Nonbanking Activities

    The companies listed in this notice have given notice under section 
4 of the Bank Holding Company Act (12 U.S.C. 1843) (BHC Act) and 
Regulation Y, (12 CFR part 225) to engage de novo, or to acquire or 
control voting securities or assets of a company, including the 
companies listed below, that engages either directly or through a 
subsidiary or other company, in a nonbanking activity that is listed in 
Sec.  225.28 of Regulation Y (12 CFR 225.28) or that the Board has 
determined by Order to be closely related to banking and permissible 
for bank holding companies. Unless otherwise noted, these activities 
will be conducted throughout the United States.
    Each notice is available for inspection at the Federal Reserve Bank 
indicated. The notice also will be available for inspection at the 
offices of the Board of Governors. Interested persons may express their 
views in writing on the question whether the proposal complies with the 
standards of section 4 of the BHC Act.
    Unless otherwise noted, comments regarding the applications must be 
received at the Reserve Bank indicated or the offices of the Board of 
Governors not later than June 15, 2017.
    A. Federal Reserve Bank of San Francisco (Gerald C. Tsai, Director, 
Applications and Enforcement) 101

[[Page 24970]]

Market Street, San Francisco, California 94105-1579:
    1. Wells Fargo & Company, San Francisco, California; to acquire 
certain subsidiaries from its bank Wells Fargo Bank, N.A., Sioux Falls, 
South Dakota, and thereby indirectly engage in investment advisory 
activities, pursuant to section 225.28(b)(6)(i) of Regulation Y.

    Board of Governors of the Federal Reserve System, May 25, 2017.
Yao-Chin Chao,
Assistant Secretary of the Board.
[FR Doc. 2017-11208 Filed 5-30-17; 8:45 am]
 BILLING CODE 6210-01-P

Federal Register / Vol. 82, No. 103 / Wednesday, May 31, 2017 / Notices 24969

Affected Public the rear of the 17th Street Building Request for Comment
Individuals representing companies (located on F Street), on business days Comments are invited on: (a) Whether
engaged in business with the Export- between 7:00 a.m. and 5:00 p.m. the collections of information are
Import Bank of the U.S. All comments should refer to the necessary for the proper performance of
relevant OMB control number. A copy the FDIC’s functions, including whether
Burden Hours of the comments may also be submitted the information has practical utility; (b)
Annual Number of Respondents: to the OMB desk officer for the FDIC: the accuracy of the estimates of the
3200. Office of Information and Regulatory burden of the information collections,
Estimated Time per Respondent: 45 Affairs, Office of Management and including the validity of the
minutes. Budget, New Executive Office Building, methodology and assumptions used; (c)
Annual Public Burden Hours: 2400 Washington, DC 20503. ways to enhance the quality, utility, and
hours. FOR FURTHER INFORMATION CONTACT: clarity of the information to be
Frequency of Reporting of Use: On Manny Cabeza at (202) 898–3767 or at collected; and (d) ways to minimize the
occasion. the FDIC address noted above. burden of the collections of information
Government Expense SUPPLEMENTARY INFORMATION: Proposal on respondents, including through the
to renew the following currently use of automated collection techniques
Reviewing Time per Year: 1600 Hours. approved collections of information: or other forms of information
Average Wages per Hour: $42.50. 1. Title: Interagency Bank Merger Act technology. All comments will become
Average Cost per Year: $68,000. Application. a matter of public record.
Benefits and Overhead: 20%. OMB Number: 3064–0015.
Total Government Cost: $81,600. Dated at Washington, DC, this 24th day of
Form Number: None. May 2017.
Bassam Doughman, Affected Public: Individuals or Federal Deposit Insurance Corporation.
Project Manager, Agency Clearance Officer, households; business or other for profit.
Robert E. Feldman,
Office of the Chief Information Officer. Estimated Number of Respondents:
Executive Secretary.
[FR Doc. 2017–11182 Filed 5–30–17; 8:45 am] 241.
Frequency of Response: On occasion. [FR Doc. 2017–11121 Filed 5–30–17; 8:45 am]
BILLING CODE 6690–01–P
Estimated Average Burden Hours per BILLING CODE 6714–01–P
Response: 23.5 hours.
Estimated Total Annual Burden:
FEDERAL DEPOSIT INSURANCE FEDERAL RESERVE SYSTEM
5,664 hours.
CORPORATION
General Description of the Collection:
The Interagency Bank Merger Act Notice of Proposals To Engage in or
Agency Information Collection To Acquire Companies Engaged in
Activities: Proposed Collection Application form is used by the Federal
Deposit Insurance Corporation, the Permissible Nonbanking Activities
Renewals; Comment Request (3064–
0015) Board of Governors of the Federal The companies listed in this notice
Reserve System, and the Comptroller of have given notice under section 4 of the
AGENCY: Federal Deposit Insurance the Currency for applications under Bank Holding Company Act (12 U.S.C.
Corporation (FDIC). section 18(c) of the Federal Deposit 1843) (BHC Act) and Regulation Y, (12
ACTION: Notice and request for comment. Insurance Act (FDIA), as amended (12 CFR part 225) to engage de novo, or to
U.S.C. 1828(c)). The application is used acquire or control voting securities or
SUMMARY: The FDIC, as part of its for a merger, consolidation, or other assets of a company, including the
continuing effort to reduce paperwork combining transaction between companies listed below, that engages
and respondent burden, invites the nonaffiliated parties as well as to effect either directly or through a subsidiary or
general public and other Federal a corporate reorganization between other company, in a nonbanking activity
agencies to take this opportunity to affiliated parties (affiliate transaction). that is listed in § 225.28 of Regulation Y
comment on the renewal of existing There is a different level of burden for (12 CFR 225.28) or that the Board has
information collections, as required by each of the two types of merger determined by Order to be closely
the Paperwork Reduction Act of 1995. transactions, nonaffiliated and affiliated. related to banking and permissible for
Currently, the FDIC is soliciting An affiliate transaction refers to a bank holding companies. Unless
comment on renewal of the information merger, consolidation, other otherwise noted, these activities will be
collection described below. combination, or transfer of any deposit conducted throughout the United States.
DATES: Comments must be submitted on liabilities, between depository Each notice is available for inspection
or before July 31, 2017. institutions that are controlled by the at the Federal Reserve Bank indicated.
ADDRESSES: Interested parties are same holding company. It includes a The notice also will be available for
invited to submit written comments to business combination between a inspection at the offices of the Board of
the FDIC by any of the following depository institution and an affiliated Governors. Interested persons may
methods: interim institution. Applicants express their views in writing on the
• http://www.FDIC.gov/regulations/ proposing affiliate transactions are not question whether the proposal complies
laws/federal/notices.html. required to complete questions 12 with the standards of section 4 of the
• Email: comments@fdic.gov. Include through 14 of this form. If depository BHC Act.
the name and number of the collection institutions are not controlled by the Unless otherwise noted, comments
nlaroche on DSK30NT082PROD with NOTICES

in the subject line of the message. same holding company, the merger regarding the applications must be
• Mail: Manny Cabeza (202–898– transaction is considered nonaffiliated, received at the Reserve Bank indicated
3767). Counsel, MB 3007, Federal and the applicant must complete the or the offices of the Board of Governors
Deposit Insurance Corporation, 550 17th entire form. There is no change in the not later than June 15, 2017.
Street NW., Washington, DC 20429. method or substance of the collection. A. Federal Reserve Bank of San
• Hand Delivery: Comments may be The estimated annual burden remains Francisco (Gerald C. Tsai, Director,
hand-delivered to the guard station at the same. Applications and Enforcement) 101

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24970 Federal Register / Vol. 82, No. 103 / Wednesday, May 31, 2017 / Notices

Market Street, San Francisco, California • FAX: (202) 452–3819 or (202) 452– proposed information collection,
94105–1579: 3102. including the validity of the
1. Wells Fargo & Company, San • Mail: Ann E. Misback, Secretary, methodology and assumptions used;
Francisco, California; to acquire certain Board of Governors of the Federal c. Ways to enhance the quality,
subsidiaries from its bank Wells Fargo Reserve System, 20th Street and utility, and clarity of the information to
Bank, N.A., Sioux Falls, South Dakota, Constitution Avenue NW., Washington, be collected;
and thereby indirectly engage in DC 20551. d. Ways to minimize the burden of
investment advisory activities, pursuant All public comments are available from information collection on respondents,
to section 225.28(b)(6)(i) of Regulation the Board’s Web site at http:// including through the use of automated
Y. www.federalreserve.gov/apps/foia/ collection techniques or other forms of
Board of Governors of the Federal Reserve proposedregs.aspx as submitted, unless information technology; and
System, May 25, 2017. modified for technical reasons. e. Estimates of capital or startup costs
Yao-Chin Chao, Accordingly, your comments will not be and costs of operation, maintenance,
edited to remove any identifying or and purchase of services to provide
Assistant Secretary of the Board.
contact information. Public comments information.
[FR Doc. 2017–11208 Filed 5–30–17; 8:45 am] At the end of the comment period, the
may also be viewed electronically or in
BILLING CODE 6210–01–P
paper form in Room 3515, 1801 K Street comments and recommendations
(between 18th and 19th Streets NW.) received will be analyzed to determine
Washington, DC 20006 between 9:00 the extent to which the Federal Reserve
FEDERAL RESERVE SYSTEM should modify the proposed revisions
a.m. and 5:00 p.m. on weekdays.
[OMB No. 7100–0306] Additionally, commenters may send a prior to giving final approval.
copy of their comments to the OMB Proposal to approve under OMB
Proposed Agency Information Desk Officer—Shagufta Ahmed—Office delegated authority the extension for
Collection Activities; Comment of Information and Regulatory Affairs, three years, without revision, of the
Request; Notification of Nonfinancial Office of Management and Budget, New following report:
Data Processing Activities Executive Office Building, Room 10235, Report title: Notification of
725 17th Street NW., Washington, DC Nonfinancial Data Processing Activities.
AGENCY: Board of Governors of the Agency form number: FR 4021.
Federal Reserve System. 20503 or by fax to (202) 395–6974.
OMB control number: 7100–0306.
ACTION: Notice, request for comment. FOR FURTHER INFORMATION CONTACT: A Frequency: On occasion.
copy of the PRA OMB submission, Respondents: Bank holding
SUMMARY: The Board of Governors of the including the proposed reporting form companies.
Federal Reserve System (Board) invites and instructions, supporting statement, Estimated number of respondents: 2.
comment on a proposal to extend for and other documentation will be placed Estimated average hours per response:
three years, without revision, the into OMB’s public docket files, once 2.
Notification of Nonfinancial Data approved. These documents will also be Estimated annual burden hours: 4.
Processing Activities. made available on the Federal Reserve General Description of Report: Bank
On June 15, 1984, the Office of Board’s public Web site at: http:// holding companies (BHCs) submit the
Management and Budget (OMB) www.federalreserve.gov/apps/report FR 4021 notification to request
delegated to the Board authority under forms/review.aspx or may be requested permission to administer the 49 percent
the Paperwork Reduction Act (PRA) to from the agency clearance officer, whose revenue limit on nonfinancial data
approve of and assign OMB control name appears below. processing activities on a business-line
numbers to collection of information Federal Reserve Board Clearance or multiple-entity basis. These
requests and requirements conducted or Officer—Nuha Elmaghrabi—Office of notifications, which may be submitted
sponsored by the Board. In exercising the Chief Data Officer, Board of in letter form, should describe the
this delegated authority, the Board is Governors of the Federal Reserve structure of the requesting BHC’s data
directed to take every reasonable step to System, Washington, DC 20551 (202) processing operations, the methodology
solicit comment. In determining 452–3829. Telecommunications Device the BHC proposes to use to administer
whether to approve a collection of for the Deaf (TDD) users may contact the 49 percent revenue test, and the
information, the Board will consider all (202) 263–4869, Board of Governors of reasons why the BHC believes that the
comments received from the public and the Federal Reserve System, proposed methodology is appropriate.
other agencies. Washington, DC 20551. The Board will consider any request in
DATES: Comments must be submitted on SUPPLEMENTARY INFORMATION: light of all the facts and circumstances,
or before July 31, 2017. including the interrelationships
ADDRESSES: You may submit comments,
Request for Comment on Information between the data processing activities
identified by FR 4021, by any of the Collection Proposal conducted by the BHC’s separate
following methods: The Board invites public comment on subsidiaries, the holding company’s
• Agency Web site: http://www. the following information collection, business or operational reasons for
federalreserve.gov. Follow the which is being reviewed under conducting its data processing activities
instructions for submitting comments at authority delegated by the OMB under in different subsidiaries, and the level of
http://www.federalreserve.gov/apps/ the PRA. Comments are invited on the the BHC’s ownership interest in the
foia/proposedregs.aspx. following: individual subsidiaries.
nlaroche on DSK30NT082PROD with NOTICES

• Federal eRulemaking Portal: http:// a. Whether the proposed collection of Legal authorization and
www.regulations.gov. Follow the information is necessary for the proper confidentiality: The Board’s Legal
instructions for submitting comments. performance of the Federal Reserve’s Division has determined that 12 U.S.C.
• Email: regs.comments@ functions; including whether the 1843(c)(8)(j) and (k) authorize the Board
federalreserve.gov. Include OMB information has practical utility; to collect this information. A bank
number in the subject line of the b. The accuracy of the Federal holding company may request
message. Reserve’s estimate of the burden of the confidential treatment of the

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Document Created: 2017-05-31 05:59:41
Document Modified: 2017-05-31 05:59:41

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
FR Citation		82 FR 24969