82_FR_46036 82 FR 45847 - Proposed Agency Information Collection Activities; Comment Request

82 FR 45847 - Proposed Agency Information Collection Activities; Comment Request

FEDERAL RESERVE SYSTEM

Federal Register Volume 82, Issue 189 (October 2, 2017)

Page Range45847-45849
FR Document2017-20955

The Board of Governors of the Federal Reserve System (Board) invites comment on a proposal to extend for three years, with revision, the Interagency Notice of Change in Control (FR 2081A; OMB No. 7100- 0134), Interagency Notice of Change in Director or Senior Executive Officer (FR 2081B; OMB No. 7100-0134), Interagency Biographical and Financial Report (FR 2081C; OMB No. 7100-0134), and the Interagency Bank Merger Act Application (FR 2070; OMB No. 7100-0171). 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 82 Issue 189 (Monday, October 2, 2017)
[Federal Register Volume 82, Number 189 (Monday, October 2, 2017)]
[Notices]
[Pages 45847-45849]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-20955]


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FEDERAL RESERVE SYSTEM


Proposed Agency Information Collection Activities; Comment 
Request

AGENCY: Board of Governors of the Federal Reserve System.

ACTION: Notice, request for comment.

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

SUMMARY: The Board of Governors of the Federal Reserve System (Board) 
invites comment on a proposal to extend for three years, with revision, 
the Interagency Notice of Change in Control (FR 2081A; OMB No. 7100-
0134), Interagency Notice of Change in Director or Senior Executive 
Officer (FR 2081B; OMB No. 7100-0134), Interagency Biographical and 
Financial Report (FR 2081C; OMB No. 7100-0134), and the Interagency 
Bank Merger Act Application (FR 2070; OMB No. 7100-0171).
    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.

DATES: Comments must be submitted on or before December 1, 2017.

ADDRESSES: You may submit comments, identified by 7100-0134 or 7100-
0171, 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 .
     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: Ann E. Misback, 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 Board invites public comment on the following information 
collection, which is being reviewed under authority delegated by the 
OMB under the PRA. 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 startup costs and costs of operation, 
maintenance, and purchase of services to provide information.
    At the end of the comment period, the comments and recommendations 
received will be analyzed to determine the extent to which the Federal 
Reserve should modify the proposal prior to giving final approval.

Proposal To Approve Under OMB Delegated Authority the Extension for 
Three Years, With Revision, of the Following Reports

    Report title: Interagency Notice of Change in Control.
    Agency form number: FR 2081A.
    OMB control number: 7100-0134.
    Frequency: On occasion.
    Respondents: Individual (or a group of individuals or companies 
that would not be bank holding companies (BHCs) or savings and loan 
holding companies (SLHCs) after consummation of the proposed 
transaction) seeking to acquire shares of an insured depository 
institution, SLHC, or BHC (or group of BHCs or SLHCs).
    Estimated number of respondents: 156.
    Estimated average hours per response: 30.5.
    Estimated annual burden hours: 4,758.

    Report title: Interagency Notice of Change in Director or Senior 
Executive Officer.
    Agency form number: FR 2081B.
    OMB control number: 7100-0134.
    Frequency: On occasion.
    Respondents: An insured depository institution, savings and loan 
holding company, bank holding company, or the affected individual.
    Estimated number of respondents: 287.
    Estimated average hours per response: 2.
    Estimated annual burden hours: 574.

    Report title: Interagency Biographical and Financial Report.
    Agency form number: FR 2081C.
    OMB control number: 7100-0134.
    Frequency: On occasion.
    Respondents: Certain shareholders, directors, and executive 
officers.
    Estimated number of respondents: 1,512.
    Estimated average hours per response: 4.5.

[[Page 45848]]

    Estimated annual burden hours: 6,804.

    Report title: Interagency Bank Merger Act Application.
    Agency form number: FR 2070.
    OMB control number: 7100-0171.
    Frequency: On occasion.
    Respondents: State member banks.
    Estimated number of respondents: Non-affiliate, 54; Affiliate, 10.
    Estimated average hours per response: Non-affiliate, 31; Affiliate, 
19.
    Estimated annual burden hours: 1,864.
    General description of reports: The Interagency Notice of Change in 
Control form is used by an individual (or a group of individuals or 
companies that would not be bank holding companies (BHCs) or savings 
and loan holding companies (SLHCs) after consummation of the proposed 
transaction) seeking to acquire shares of an insured depository 
institution, SLHC or a BHC (or group of BHCs or SLHCs). The notice is 
submitted to the appropriate federal regulatory agency of the target 
organization. The notice includes a description of the proposed 
transaction, the related purchase price and funding source, and the 
personal and financial information of the proposed acquirer(s) and any 
proposed new management.
    The Interagency Notice of Change in Director or Senior Executive 
Officer form is used, under certain circumstances, by an insured 
depository institution, a BHC, SLHC, or the affected individual to 
notify one of the agencies of a proposed change in the institution's 
board of directors or senior executive officers. The notice of proposed 
change in director or senior executive officer must be filed with the 
institution's appropriate federal regulatory agency for prior consent 
if the institution is experiencing certain financial or supervisory 
difficulties. An insured depository institution, SLHC, or BHC is 
subject to this prior consent requirement if it is not in compliance 
with all minimum capital requirements, is in troubled condition or, 
otherwise, is required by the Board to provide such notice.
    The Interagency Biographical and Financial Report is used by 
certain shareholders, directors, and executive officers, in connection 
with different types of applications filed with the agencies. 
Information requested on this reporting form is subject to verification 
and must be complete. As with all the notices and reporting forms, 
requests for clarification or supplementation of the original filing 
may be necessary.
    The Interagency Bank Merger Act Application is an event-generated 
application and is completed by an insured depository institution each 
time the insured depository institution requests approval to effect a 
merger, consolidation, assumption of deposit liabilities, other 
combining transaction with a nonaffiliated party, or a corporate 
reorganization with an affiliated party. The form collects information 
on the basic legal and structural aspects of these transactions.
    Proposed revisions: The Board proposes to implement a number of 
revisions to the above information collections. The proposed changes 
are being made in order to: Improve the clarity of the requests; 
reflect new laws, regulations, capital requirements and accounting 
rules; delete information requests that are not typically useful for 
the analysis of the proposal; and add transparency for filers regarding 
the information that is required to consider a proposal. In determining 
which changes to propose, the agencies surveyed their regional offices 
to solicit recommendations for changes to the forms and considered the 
effects of the changes on community bank organizations, which represent 
the vast majority of filers. Although the revisions add items to these 
forms, the Board believes that some of these additions are related to 
information typically requested on a follow-up basis by the respective 
regulators. Requesting the information upfront should increase 
transparency for filers as well as the efficiency of the review 
process.
    The proposed changes for the Interagency Bank Merger Act 
Application form include additional requested items relating to 
information that was previously requested as supplemental information 
subsequent to the filing of the initial application; clarification of 
certain requested items related to biographical and financial 
information for principals and Community Reinvestment Act-related 
information; deletion of the request for cash flow projections for the 
parent company; updated requests to account for changed capital 
requirements and outdated accounting rules; and other minor changes for 
improved grammar, comprehension, accurate citations and mailing 
addresses. The current annual reporting burden for the Interagency Bank 
Merger Act Application form is estimated to be 1,800 hours. The 
proposed revisions are expected to increase the estimated average hours 
per response by one hour for a total burden of 1,864 hours.
    The proposed changes for the Interagency Notice of Change in 
Control form, Interagency Notice of Change in Director or Senior 
Executive Officer form, and the Interagency Biographical and Financial 
Report include additional requested items relating to information that 
generally was previously requested as supplemental information 
subsequent to the filing of the initial application; clarification of 
exact requirements of certain requests; deletion of certain requested 
items that the agencies no longer believe are helpful in evaluating the 
notice; and other minor changes for improved grammar, comprehension, 
and accurate citations and mailing addresses.
    The current annual reporting burden for these forms is estimated to 
be 11,302 hours. The proposed revisions are expected to increase the 
estimated average hours per response for the Interagency Notice of 
Change in Control form and the Interagency Biographical and Financial 
Report by one half hour. No increase in estimated average hours per 
response is anticipated for the Interagency Notice of Change in 
Director or Senior Executive Officer form. The total proposed burden 
for these forms collections is 12,136 hours. The proposed reporting 
would be effective January 1, 2018.
    Legal authorization and confidentiality: Section 7(j) of the 
Federal Deposit Insurance Act (12 U.S.C. 1817(j)) authorizes the Board 
to require the information under the FR 2081a and FR 2081c. Section 914 
of the Financial Institutions Reform, Recovery, and Enforcement Act (12 
U.S.C. 1831(i)) authorizes the Board to require the information under 
the FR 2081b and FR 2081c.
    The Federal Reserve treats the notices and reporting form as public 
documents. The organizations and individuals that submit the forms may 
request that all or a portion of the submitted information be kept 
confidential. In such cases, the filer must justify the exemption by 
demonstrating that disclosure would cause substantial competitive harm, 
result in an unwarranted invasion of personal privacy, or would 
otherwise qualify for an exemption under the Freedom of Information Act 
(5 U.S.C. 552). The confidentiality status of the information submitted 
will be judged on a case-by-case basis.
    Because information is being collected from individuals, the 
Federal Reserve is required to make certain disclosures to the 
notificant under the Privacy Act (5 U.S.C. 552a(e)(3)). The disclosures 
made by the Federal Reserve on the current and proposed FR 2081 meet 
the requirements of the Privacy Act.
    The Bank Merger Act requires, in relevant part, that a state member 
bank,

[[Page 45849]]

when it is the acquiring, assuming or resulting bank, obtain prior 
approval from the Board before merging or consolidating with another 
insured depository institution, or before acquiring the assets of or 
assuming liability to deposits made in any other insured depository 
institution. (12 U.S.C. 1828(c)). The Federal Reserve treats the 
Interagency Bank Merger Act Application as a public document. However, 
applicants may request that parts of their applications be kept 
confidential. In such cases, the filer must justify the exemption by 
demonstrating that disclosure would cause ``substantial competitive 
harm,'' would result in ``an unwarranted invasion of personal 
privacy,'' or would otherwise qualify for an exemption under the 
Freedom of Information Act (5 U.S.C. 552). The confidentiality status 
of the information submitted will be judged on a case-by-case basis.
    Consultation outside the agency: The interagency working group 
responsible for these reports is comprised of representatives from the 
Office of the Comptroller of the Currency (OCC), the Federal Deposit 
Insurance Corporation (FDIC), and the Federal Reserve System, who 
collaborated to recommend the proposed revisions.

    Board of Governors of the Federal Reserve System, September 26, 
2017.
Ann E. Misback,
Secretary of the Board.
[FR Doc. 2017-20955 Filed 9-29-17; 8:45 am]
 BILLING CODE 6210-01-P



                                                                             Federal Register / Vol. 82, No. 189 / Monday, October 2, 2017 / Notices                                            45847

                                                Company, Inc.; University Financial;                      • Mail: Ann E. Misback, Secretary,                    c. Ways to enhance the quality,
                                                Western Industrial Maintenance.                         Board of Governors of the Federal                     utility, and clarity of the information to
                                                  Dated: September 15, 2017.                            Reserve System, 20th Street and                       be collected;
                                                                                                        Constitution Avenue NW., Washington,                    d. Ways to minimize the burden of
                                                Enrique Manzanilla,
                                                                                                        DC 20551.                                             information collection on respondents,
                                                Director, Superfund Division, U.S. EPA                     All public comments are available                  including through the use of automated
                                                Region IX.
                                                                                                        from the Board’s Web site at http://                  collection techniques or other forms of
                                                [FR Doc. 2017–21123 Filed 9–29–17; 8:45 am]
                                                                                                        www.federalreserve.gov/apps/foia/                     information technology; and
                                                BILLING CODE 6560–50–P                                  proposedregs.aspx as submitted, unless                  e. Estimates of capital or startup costs
                                                                                                        modified for technical reasons.                       and costs of operation, maintenance,
                                                                                                        Accordingly, your comments will not be                and purchase of services to provide
                                                FEDERAL RESERVE SYSTEM                                  edited to remove any identifying or                   information.
                                                                                                        contact information. Public comments                    At the end of the comment period, the
                                                Proposed Agency Information                             may also be viewed electronically or in               comments and recommendations
                                                Collection Activities; Comment                          paper form in Room 3515, 1801 K Street                received will be analyzed to determine
                                                Request                                                 (between 18th and 19th Streets NW.,)                  the extent to which the Federal Reserve
                                                AGENCY: Board of Governors of the                       Washington, DC 20006 between 9:00                     should modify the proposal prior to
                                                Federal Reserve System.                                 a.m. and 5:00 p.m. on weekdays.                       giving final approval.
                                                                                                           Additionally, commenters may send a
                                                ACTION: Notice, request for comment.                                                                          Proposal To Approve Under OMB
                                                                                                        copy of their comments to the OMB
                                                                                                        Desk Officer—Shagufta Ahmed—Office                    Delegated Authority the Extension for
                                                SUMMARY:   The Board of Governors of the                                                                      Three Years, With Revision, of the
                                                Federal Reserve System (Board) invites                  of Information and Regulatory Affairs,
                                                                                                        Office of Management and Budget, New                  Following Reports
                                                comment on a proposal to extend for
                                                three years, with revision, the                         Executive Office Building, Room 10235,                   Report title: Interagency Notice of
                                                Interagency Notice of Change in Control                 725 17th Street NW., Washington, DC                   Change in Control.
                                                (FR 2081A; OMB No. 7100–0134),                          20503 or by fax to (202) 395–6974.                       Agency form number: FR 2081A.
                                                Interagency Notice of Change in Director                FOR FURTHER INFORMATION CONTACT: A                       OMB control number: 7100–0134.
                                                or Senior Executive Officer (FR 2081B;                  copy of the PRA OMB submission,                          Frequency: On occasion.
                                                OMB No. 7100–0134), Interagency                         including the proposed reporting form                    Respondents: Individual (or a group
                                                Biographical and Financial Report (FR                   and instructions, supporting statement,               of individuals or companies that would
                                                2081C; OMB No. 7100–0134), and the                      and other documentation will be placed                not be bank holding companies (BHCs)
                                                Interagency Bank Merger Act                             into OMB’s public docket files, once                  or savings and loan holding companies
                                                Application (FR 2070; OMB No. 7100–                     approved. These documents will also be                (SLHCs) after consummation of the
                                                0171).                                                  made available on the Federal Reserve                 proposed transaction) seeking to acquire
                                                  On June 15, 1984, the Office of                       Board’s public Web site at: http://                   shares of an insured depository
                                                Management and Budget (OMB)                             www.federalreserve.gov/apps/                          institution, SLHC, or BHC (or group of
                                                delegated to the Board authority under                  reportforms/review.aspx or may be                     BHCs or SLHCs).
                                                                                                        requested from the agency clearance                      Estimated number of respondents:
                                                the Paperwork Reduction Act (PRA) to
                                                                                                        officer, whose name appears below.                    156.
                                                approve of and assign OMB control
                                                                                                          Federal Reserve Board Clearance                        Estimated average hours per response:
                                                numbers to collection of information
                                                                                                        Officer—Nuha Elmaghrabi—Office of                     30.5.
                                                requests and requirements conducted or                                                                           Estimated annual burden hours:
                                                sponsored by the Board. In exercising                   the Chief Data Officer, Board of
                                                                                                        Governors of the Federal Reserve                      4,758.
                                                this delegated authority, the Board is
                                                directed to take every reasonable step to               System, Washington, DC 20551 (202)                       Report title: Interagency Notice of
                                                solicit comment. In determining                         452–3829. Telecommunications Device                   Change in Director or Senior Executive
                                                whether to approve a collection of                      for the Deaf (TDD) users may contact                  Officer.
                                                                                                        (202) 263–4869, Board of Governors of                    Agency form number: FR 2081B.
                                                information, the Board will consider all
                                                                                                        the Federal Reserve System,                              OMB control number: 7100–0134.
                                                comments received from the public and
                                                                                                        Washington, DC 20551.                                    Frequency: On occasion.
                                                other agencies.
                                                                                                        SUPPLEMENTARY INFORMATION:                               Respondents: An insured depository
                                                DATES: Comments must be submitted on
                                                                                                                                                              institution, savings and loan holding
                                                or before December 1, 2017.                             Request for Comment on Information
                                                                                                                                                              company, bank holding company, or the
                                                ADDRESSES: You may submit comments,                     Collection Proposals
                                                                                                                                                              affected individual.
                                                identified by 7100–0134 or 7100–0171,                     The Board invites public comment on                    Estimated number of respondents:
                                                by any of the following methods:                        the following information collection,                 287.
                                                  • Agency Web site: http://                            which is being reviewed under                            Estimated average hours per response:
                                                www.federalreserve.gov. Follow the                      authority delegated by the OMB under                  2.
                                                instructions for submitting comments at                 the PRA. Comments are invited on the                     Estimated annual burden hours: 574.
                                                http://www.federalreserve.gov/apps/                     following:                                               Report title: Interagency Biographical
                                                foia/proposedregs.aspx .                                  a. Whether the proposed collection of               and Financial Report.
                                                  • Federal eRulemaking Portal: http://                 information is necessary for the proper                  Agency form number: FR 2081C.
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                                                www.regulations.gov. Follow the                         performance of the Federal Reserve’s                     OMB control number: 7100–0134.
                                                instructions for submitting comments.                   functions; including whether the                         Frequency: On occasion.
                                                  • Email: regs.comments@                               information has practical utility;                       Respondents: Certain shareholders,
                                                federalreserve.gov. Include OMB                           b. The accuracy of the Federal                      directors, and executive officers.
                                                number in the subject line of the                       Reserve’s estimate of the burden of the                  Estimated number of respondents:
                                                message.                                                proposed information collection,                      1,512.
                                                  • FAX: (202) 452–3819 or (202) 452–                   including the validity of the                            Estimated average hours per response:
                                                3102.                                                   methodology and assumptions used;                     4.5.


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                                                45848                        Federal Register / Vol. 82, No. 189 / Monday, October 2, 2017 / Notices

                                                  Estimated annual burden hours:                        application and is completed by an                    form, and the Interagency Biographical
                                                6,804.                                                  insured depository institution each time              and Financial Report include additional
                                                   Report title: Interagency Bank Merger                the insured depository institution                    requested items relating to information
                                                Act Application.                                        requests approval to effect a merger,                 that generally was previously requested
                                                   Agency form number: FR 2070.                         consolidation, assumption of deposit                  as supplemental information subsequent
                                                   OMB control number: 7100–0171.                       liabilities, other combining transaction              to the filing of the initial application;
                                                   Frequency: On occasion.                              with a nonaffiliated party, or a corporate            clarification of exact requirements of
                                                   Respondents: State member banks.                     reorganization with an affiliated party.              certain requests; deletion of certain
                                                   Estimated number of respondents:                     The form collects information on the                  requested items that the agencies no
                                                Non-affiliate, 54; Affiliate, 10.                       basic legal and structural aspects of                 longer believe are helpful in evaluating
                                                   Estimated average hours per response:                these transactions.                                   the notice; and other minor changes for
                                                Non-affiliate, 31; Affiliate, 19.                          Proposed revisions: The Board                      improved grammar, comprehension,
                                                   Estimated annual burden hours:                       proposes to implement a number of                     and accurate citations and mailing
                                                1,864.                                                  revisions to the above information                    addresses.
                                                   General description of reports: The                  collections. The proposed changes are                   The current annual reporting burden
                                                                                                        being made in order to: Improve the                   for these forms is estimated to be 11,302
                                                Interagency Notice of Change in Control
                                                                                                        clarity of the requests; reflect new laws,            hours. The proposed revisions are
                                                form is used by an individual (or a
                                                                                                        regulations, capital requirements and                 expected to increase the estimated
                                                group of individuals or companies that
                                                                                                        accounting rules; delete information                  average hours per response for the
                                                would not be bank holding companies
                                                                                                        requests that are not typically useful for            Interagency Notice of Change in Control
                                                (BHCs) or savings and loan holding
                                                                                                        the analysis of the proposal; and add                 form and the Interagency Biographical
                                                companies (SLHCs) after consummation
                                                                                                        transparency for filers regarding the                 and Financial Report by one half hour.
                                                of the proposed transaction) seeking to
                                                                                                        information that is required to consider              No increase in estimated average hours
                                                acquire shares of an insured depository
                                                                                                        a proposal. In determining which                      per response is anticipated for the
                                                institution, SLHC or a BHC (or group of
                                                                                                        changes to propose, the agencies                      Interagency Notice of Change in Director
                                                BHCs or SLHCs). The notice is                           surveyed their regional offices to solicit            or Senior Executive Officer form. The
                                                submitted to the appropriate federal                    recommendations for changes to the                    total proposed burden for these forms
                                                regulatory agency of the target                         forms and considered the effects of the               collections is 12,136 hours. The
                                                organization. The notice includes a                     changes on community bank                             proposed reporting would be effective
                                                description of the proposed transaction,                organizations, which represent the vast               January 1, 2018.
                                                the related purchase price and funding                  majority of filers. Although the revisions              Legal authorization and
                                                source, and the personal and financial                  add items to these forms, the Board                   confidentiality: Section 7(j) of the
                                                information of the proposed acquirer(s)                 believes that some of these additions are             Federal Deposit Insurance Act (12
                                                and any proposed new management.                        related to information typically                      U.S.C. 1817(j)) authorizes the Board to
                                                   The Interagency Notice of Change in                  requested on a follow-up basis by the                 require the information under the FR
                                                Director or Senior Executive Officer                    respective regulators. Requesting the                 2081a and FR 2081c. Section 914 of the
                                                form is used, under certain                             information upfront should increase                   Financial Institutions Reform, Recovery,
                                                circumstances, by an insured depository                 transparency for filers as well as the                and Enforcement Act (12 U.S.C. 1831(i))
                                                institution, a BHC, SLHC, or the affected               efficiency of the review process.                     authorizes the Board to require the
                                                individual to notify one of the agencies                   The proposed changes for the                       information under the FR 2081b and FR
                                                of a proposed change in the institution’s               Interagency Bank Merger Act                           2081c.
                                                board of directors or senior executive                  Application form include additional                     The Federal Reserve treats the notices
                                                officers. The notice of proposed change                 requested items relating to information               and reporting form as public
                                                in director or senior executive officer                 that was previously requested as                      documents. The organizations and
                                                must be filed with the institution’s                    supplemental information subsequent to                individuals that submit the forms may
                                                appropriate federal regulatory agency                   the filing of the initial application;                request that all or a portion of the
                                                for prior consent if the institution is                 clarification of certain requested items              submitted information be kept
                                                experiencing certain financial or                       related to biographical and financial                 confidential. In such cases, the filer
                                                supervisory difficulties. An insured                    information for principals and                        must justify the exemption by
                                                depository institution, SLHC, or BHC is                 Community Reinvestment Act-related                    demonstrating that disclosure would
                                                subject to this prior consent requirement               information; deletion of the request for              cause substantial competitive harm,
                                                if it is not in compliance with all                     cash flow projections for the parent                  result in an unwarranted invasion of
                                                minimum capital requirements, is in                     company; updated requests to account                  personal privacy, or would otherwise
                                                troubled condition or, otherwise, is                    for changed capital requirements and                  qualify for an exemption under the
                                                required by the Board to provide such                   outdated accounting rules; and other                  Freedom of Information Act (5 U.S.C.
                                                notice.                                                 minor changes for improved grammar,                   552). The confidentiality status of the
                                                   The Interagency Biographical and                     comprehension, accurate citations and                 information submitted will be judged on
                                                Financial Report is used by certain                     mailing addresses. The current annual                 a case-by-case basis.
                                                shareholders, directors, and executive                  reporting burden for the Interagency                    Because information is being
                                                officers, in connection with different                  Bank Merger Act Application form is                   collected from individuals, the Federal
                                                types of applications filed with the                    estimated to be 1,800 hours. The                      Reserve is required to make certain
                                                agencies. Information requested on this
sradovich on DSK3GMQ082PROD with NOTICES




                                                                                                        proposed revisions are expected to                    disclosures to the notificant under the
                                                reporting form is subject to verification               increase the estimated average hours per              Privacy Act (5 U.S.C. 552a(e)(3)). The
                                                and must be complete. As with all the                   response by one hour for a total burden               disclosures made by the Federal Reserve
                                                notices and reporting forms, requests for               of 1,864 hours.                                       on the current and proposed FR 2081
                                                clarification or supplementation of the                    The proposed changes for the                       meet the requirements of the Privacy
                                                original filing may be necessary.                       Interagency Notice of Change in Control               Act.
                                                   The Interagency Bank Merger Act                      form, Interagency Notice of Change in                   The Bank Merger Act requires, in
                                                Application is an event-generated                       Director or Senior Executive Officer                  relevant part, that a state member bank,


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                                                                             Federal Register / Vol. 82, No. 189 / Monday, October 2, 2017 / Notices                                                  45849

                                                when it is the acquiring, assuming or                   DATES:  Submit comments on or before                  notice of the initiation of a proposed
                                                resulting bank, obtain prior approval                   November 1, 2017.                                     covered project.’’ The statute goes on to
                                                from the Board before merging or                        ADDRESSES: Submit comments regarding                  describe the required information to be
                                                consolidating with another insured                      this burden estimate or any other aspect              contained in this notice of initiation.
                                                depository institution, or before                       of this collection of information,                      In order to accommodate this
                                                acquiring the assets of or assuming                     including suggestions for reducing this               statutory requirement, the Federal
                                                liability to deposits made in any other                 burden to: Office of Information and                  Permitting Improvement Steering
                                                insured depository institution. (12                     Regulatory Affairs of OMB, Attention:                 Council (FPISC) has developed the
                                                U.S.C. 1828(c)). The Federal Reserve                    Desk Officer for GSA, Room 10236,                     Notice of Initiation form. The
                                                treats the Interagency Bank Merger Act                  NEOB, Washington, DC 20503.                           information collected via the Notice of
                                                Application as a public document.                       Additionally submit a copy to GSA by                  Initiation form will be reviewed by the
                                                However, applicants may request that                    any of the following methods:                         facilitating agency, as identified for the
                                                parts of their applications be kept                        • Regulations.gov: http://                         particular type of project under
                                                confidential. In such cases, the filer                  www.regulations.gov. Submit comments                  consideration, as well as the Executive
                                                must justify the exemption by                           via the Federal eRulemaking portal by                 Director of the FPISC in order to verify
                                                demonstrating that disclosure would                     searching for ‘‘Information Collection                that the project in question qualifies to
                                                cause ‘‘substantial competitive harm,’’                 3090–XXXX; Permitting Notice of                       be considered a ‘‘covered project.’’ If the
                                                would result in ‘‘an unwarranted                        Initiation’’. Select the link ‘‘Submit a              project outlined in the Notice of
                                                invasion of personal privacy,’’ or would                Comment’’ that corresponds with                       Initiation is accepted as a covered
                                                otherwise qualify for an exemption                      ‘‘Information Collection 3090–XXXX;                   project, the project will be added to the
                                                under the Freedom of Information Act                    Permitting Notice of Initiation’’. Follow             online Permitting Dashboard and a
                                                (5 U.S.C. 552). The confidentiality status              the instructions provided at the ‘‘Submit             series of steps will be taken by the
                                                of the information submitted will be                    a Comment’’ screen. Please include your               facilitating agency and the Executive
                                                judged on a case-by-case basis.                         name, company name (if any), and                      Director as outlined in Title XLI of the
                                                   Consultation outside the agency: The                 ‘‘Information Collection 3090–XXXX;                   FAST Act.
                                                interagency working group responsible                   Permitting Notice of Initiation’’ on your
                                                for these reports is comprised of                       attached document.                                    B. Annual Reporting Burden
                                                representatives from the Office of the                     • Mail: General Services                             Respondents: 50.
                                                Comptroller of the Currency (OCC), the                  Administration, Regulatory Secretariat
                                                Federal Deposit Insurance Corporation                   Division (MVCB), 1800 F Street NW.,                     Responses Per Respondent: 1.
                                                (FDIC), and the Federal Reserve System,                 Washington, DC 20405. ATTN: Mr. Poe/                    Total Annual Responses: 50.
                                                who collaborated to recommend the                       IC 3090–XXXX, Permitting Notice of                      Hours per Response: 3.
                                                proposed revisions.                                     Initiation.                                             Total Burden Hours: 150.
                                                  Board of Governors of the Federal Reserve                Instructions: Please submit comments
                                                System, September 26, 2017.                             only and cite Information Collection                  C. Public Comments
                                                Ann E. Misback,                                         3090–XXXX; Permitting Notice of
                                                                                                                                                                 Public comments are particularly
                                                                                                        Initiation, in all correspondence related
                                                Secretary of the Board.                                                                                       invited on: Whether this collection of
                                                                                                        to this collection. Comments received
                                                [FR Doc. 2017–20955 Filed 9–29–17; 8:45 am]                                                                   information is necessary, whether it will
                                                                                                        generally will be posted without change
                                                BILLING CODE 6210–01–P                                                                                        have practical utility; whether our
                                                                                                        to http://www.regulations.gov, including
                                                                                                                                                              estimate of the public burden of this
                                                                                                        any personal and/or business
                                                                                                                                                              collection of information is accurate,
                                                                                                        confidential information provided. To
                                                GENERAL SERVICES                                                                                              and based on valid assumptions and
                                                                                                        confirm receipt of your comment(s),
                                                ADMINISTRATION                                                                                                methodology; ways to enhance the
                                                                                                        please check www.regulations.gov,
                                                                                                                                                              quality, utility, and clarity of the
                                                [OMB Control No. 3090–XXXX; Docket No.                  approximately two to three days after
                                                                                                                                                              information to be collected; and ways in
                                                2016–0001; Sequence 10]                                 submission to verify posting (except
                                                                                                                                                              which we can minimize the burden of
                                                                                                        allow 30 days for posting of comments
                                                Submission for OMB Review;                                                                                    the collection of information on those
                                                                                                        submitted by mail).
                                                Permitting Notice of Initiation                                                                               who are to respond, through the use of
                                                                                                        FOR FURTHER INFORMATION CONTACT:                      appropriate technological collection
                                                AGENCY: Federal Permitting                              Angela Colamaria, Permitting Team                     techniques or other forms of information
                                                Improvement Steering Council (FPIC),                    Lead, at telephone 202–395–3708 or via                technology.
                                                General Services Administration (GSA).                  email to angela_f_colamaria@
                                                                                                        omb.eop.gov.                                             Obtaining Copies of Proposals:
                                                ACTION: Notice of request for comments                                                                        Requesters may obtain a copy of the
                                                regarding a new request for an OMB                      SUPPLEMENTARY INFORMATION:                            information collection documents from
                                                clearance.                                              A. Purpose                                            the General Services Administration,
                                                                                                                                                              Regulatory Secretariat Division (MVCB),
                                                SUMMARY:   Under the provisions of the                    In December 2015, the Fixing                        1800 F Street NW., Washington, DC
                                                Paperwork Reduction Act, the                            America’s Surface Transportation                      20405, telephone 202–501–4755. Please
                                                Regulatory Secretariat Division will be                 (FAST) Act outlined a set of                          cite OMB Control No. 3090–XXXX,
                                                submitting to the Office of Management                  fundamental requirements designed to                  Permitting Notice of Initiation, in all
                                                and Budget (OMB) a request to review                    change the way Federal government
sradovich on DSK3GMQ082PROD with NOTICES




                                                                                                                                                              correspondence.
                                                and approve a new information                           agencies carry out their permitting and
                                                collection requirement regarding OMB                    environmental review responsibilities                   Dated: September 14, 2017.
                                                Control No: 3090–XXXX; Permitting                       for major infrastructure projects. Section            David A. Shive,
                                                Notice of Initiation. A notice was                      41003(a)(1)(A) of the FAST Act states                 Chief Information Officer, General Services
                                                published in the Federal Register on                    that a ‘‘project sponsor of a covered                 Administration.
                                                August 9, 2016. No comments were                        project shall submit to the Executive                 [FR Doc. 2017–20985 Filed 9–29–17; 8:45 am]
                                                received.                                               Director and the facilitating agency                  BILLING CODE 6820–FM–P




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Document Created: 2017-09-30 04:41:44
Document Modified: 2017-09-30 04:41:44
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
ActionNotice, request for comment.
DatesComments must be submitted on or before December 1, 2017.
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 Citation82 FR 45847 

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