83 FR 12758 - Proposed Agency Information Collection Activities; Comment Request
FEDERAL RESERVE SYSTEM Federal Register Volume 83, Issue 57 (March 23, 2018)
Federal Register Volume 83, Issue 57 (March 23, 2018)
| Page Range | 12758-12760 | |
| FR Document | 2018-05956 |
[Federal Register Volume 83, Number 57 (Friday, March 23, 2018)] [Notices] [Pages 12758-12760] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-05956] ======================================================================= ----------------------------------------------------------------------- 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 Bank Holding Company Application and Notification Forms (OMB No. 7100-0121): The Application for Prior Approval to Become a Bank Holding Company or for a Bank Holding Company to Acquire an Additional Bank or Bank Holding Company (FR Y-3), the Notification for Prior Approval to Become a Bank Holding Company or for a Bank Holding Company to Acquire an Additional Bank or Bank Holding Company (FR Y-3N), and the Notification for Prior Approval to Engage Directly or Indirectly in Certain Nonbanking Activities (FR Y-4). DATES: Comments must be submitted on or before May 22, 2018. ADDRESSES: You may submit comments, identified by FR Y-3, FR Y-3N, or FR Y-4, by any of the following methods:Agency website: http://www.federalreserve.gov. Follow the instructions for submitting comments at http://www.federalreserve.gov/apps/foia/proposedregs.aspx. 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 website at http://www.federalreserve.gov/apps/foia/proposedregs.aspx as submitted, unless modified for technical reasons. [[Page 12759]] 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, if approved. These documents will also be made available on the Federal Reserve Board's public website 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: On June 15, 1984, the Office of Management and Budget (OMB) delegated to the Board authority under the Paperwork Reduction Act (PRA) to approve 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. Request for Comment on Information Collection Proposal 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. Proposal To Approve Under OMB Delegated Authority the Extension for Three Years, With Revision, of the Following Report Report title: Application for Prior Approval to Become a Bank Holding Company, or for a Bank Holding Company to Acquire an Additional Bank or Bank Holding Company; Notice for Prior Approval to Become a Bank Holding Company, or for a Bank Holding Company to Acquire an Additional Bank or Bank Holding Company; and Notification for Prior Approval to Engage Directly or Indirectly in Certain Nonbanking Activities. Agency form numbers: FR Y-3, FR Y-3N, and FR Y-4. OMB control number: 7100-0121. Frequency: Event-generated. Reporters: Corporations seeking to become bank holding companies (BHCs) and existing BHCs. Estimated average hours per response: FR Y-3, Section 3(a)(1): 50 hours; FR Y-3, Section 3(a)(3) and 3(a)(5): 60.5 hours; FR Y-3N, Sections 3(a)(1), 3(a)(3), and 3(a)(5): 5 hours; FR Y-4, complete notification: 12 hours; FR Y-4, expedited notification: 5 hours; and FR Y-4, post-consummation: 0.5 hours. Estimated number of respondents: FR Y-3, Section 3(a)(1): 81; FR Y- 3, Section 3(a)(3) and 3(a)(5): 136; FR Y-3N, Sections 3(a)(1), 3(a)(3), and 3(a)(5): 26; FR Y-4, complete notification: 30; FR Y-4, expedited notification: 11; and FR Y-4, post-consummation: 1. Estimated annual burden hours: 12,824 hours. General description of report: The Federal Reserve requires the submission of these filings for regulatory and supervisory purposes and to allow the Federal Reserve to fulfill its statutory obligations under the Bank Holding Company Act of 1956 (the BHC Act). These filings collect information on proposals by BHCs involving formations, acquisitions, mergers, and nonbanking activities. The Federal Reserve uses this information to evaluate each individual transaction with respect to financial and managerial factors, permissibility, competitive effects, net public benefits, financial stability, and the impact on the convenience and needs of affected communities. The applicant or notificant also is required to publish a notice in a newspaper of general circulation in the community where the head office of the bank to be acquired is located. The notice must state the name and address of the applicant and its proposed subsidiary, and it must invite the public to submit written comments to the appropriate Federal Reserve Bank. Proposed revisions: The Board proposes to revise the FR Y-3, FR Y- 3N, and FR Y-4 forms and instructions in order to improve the clarity of the requests; reflect the impact of new laws, regulations, capital requirements and accounting rules; delete items 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. The revisions are intended to make initial filings better reflect and include the information that Board staff requires to evaluate a transaction and thereby reduce the need for subsequent information requests, which may delay the Board's consideration of a filing and create additional burden for filers. Legal authorization and confidentiality: The FR Y-3 application and FR Y-3N notification are mandatory and submitted pursuant to section 3(a) of the BHC Act, which requires Board approval for formations, acquisitions, and mergers of bank holding companies (12 U.S.C. 1842(a)), and section 5(b) of the BHC Act, which authorizes the Board to issue regulations and orders to carry out these functions (12 U.S.C. 1844(b)). The FR Y-4 notification is mandatory and submitted pursuant to section 4(j) of the BHC Act, which requires BHCs to give advance written notice to the Board of any nonbanking activities (12 U.S.C. 1843(j)), and section 5(b) of the BHC Act (12 U.S.C. 1844(b), described above. The information submitted in the FR Y-3, Y-3N, and Y-4 is considered to be public unless an institution requests confidential treatment for portions of the particular application or notification. Applicants may rely on any Freedom of Information Act exemption, [[Page 12760]] and such requests for confidentiality must contain detailed justifications corresponding to the claimed exemption. Requests for confidentiality will be evaluated on a case-by-case basis. Effective date: July 31, 2018. Board of Governors of the Federal Reserve System, March 20, 2018. Ann E. Misback Secretary of the Board. [FR Doc. 2018-05956 Filed 3-22-18; 8:45 am] BILLING CODE 6210-01-P
![12758 Federal Register / Vol. 83, No. 57 / Friday, March 23, 2018 / Notices
Order, 76 FR 73830, November 29, 2011. CAIs’ position in carriers’ network The Board further determined, by the
As such, this data collection is limited architecture is more akin to wireless same majority vote, that no notice
to the type of CAIs that carriers would towers aggregating community-wide earlier than March 20, 2018, of the
report pursuant to 47 CFR traffic than a last-mile home or change in the subject matter of the
54.313(f)(1)(ii). Because rate-of-return smartphone user. Indeed, ATA provides meeting was practicable.
carriers are already reporting the a conceptual network map in its Petition Dated: March 20, 2018.
addresses of many of these CAIs on their equating schools with wireless towers. Federal Deposit Insurance Corporation.
FCC Form 481, carriers may face a This model and the ACAM are
Robert E. Feldman,
reduced burden when submitting consistent with the understanding that
latitude and longitude of these same both a CAI and a wireless tower can and Executive Secretary.
CAIs and the links connecting these do aggregate community-wide multi- [FR Doc. 2018–05933 Filed 3–22–18; 8:45 am]
institutions to other nodes in their user traffic. In contrast, a home or small BILLING CODE P
networks for mapping purposes. business Wi-Fi router typically serves a
21. Second, consistent with the single end-user location with only a
Alaska Plan Order, the Bureaus make handful of end-users, and it does not FEDERAL RESERVE SYSTEM
clear that in the initial collection, aggregate community-wide multi-user
carriers must submit data regarding any traffic. Proposed Agency Information
CAIs served by fiber or wireless 23. In light of the foregoing Collection Activities; Comment
connections. This limitation is discussion, the Bureaus reject ATA’s Request
consistent with the plain language of counter-proposal to limit the collection AGENCY: Board of Governors of the
section 54.316(a)(6), which states that of nodes to cell towers and CAIs that are Federal Reserve System.
Alaska Plan participants ‘‘shall submit outside of the exchange but connect to
fiber network maps or microwave ACTION: Notice, request for comment.
a central office in another exchange. In
network maps covering eligible areas’’ part because of the vast size of many SUMMARY: The Board of Governors of the
for the purpose of tracking carriers’ exchanges in Alaska, knowing whether Federal Reserve System (Board) invites
access to these facilities that would the central office in an exchange is fiber- comment on a proposal to extend for
allow them to provide 10/1 Mbps for all fed does not provide a sufficiently three years, with revision, the Bank
Alaskans. In subsequent years, carriers granular picture of the potential middle- Holding Company Application and
must submit CAIs served by mile ‘‘weak points’’ or capabilities that Notification Forms (OMB No. 7100–
connections that ‘‘are or will be used’’ could affect the ability of a carrier to 0121): The Application for Prior
to support service in their eligible areas. meet its commitments or future Approval to Become a Bank Holding
This would include, at a minimum, commitments. Company or for a Bank Holding
those instances where the carrier has
Federal Communications Commission. Company to Acquire an Additional
actual plans to use the CAI and links to
Kris A. Monteith, Bank or Bank Holding Company (FR Y–
extend the network. CAIs served by
Chief, Wireline Competition Bureau.
3), the Notification for Prior Approval to
connections that ‘‘are or will be used’’
Become a Bank Holding Company or for
in this manner are in fact ‘‘middle mile’’ [FR Doc. 2018–05881 Filed 3–22–18; 8:45 am]
a Bank Holding Company to Acquire an
and/or ‘‘backhaul’’ within the meaning BILLING CODE 6712–01–P
Additional Bank or Bank Holding
of the Alaska Plan Order and are
Company (FR Y–3N), and the
therefore subject to collection. CAIs
Notification for Prior Approval to
connected to high-capacity links may be FEDERAL DEPOSIT INSURANCE
used to expand service to underserved Engage Directly or Indirectly in Certain
CORPORATION Nonbanking Activities (FR Y–4).
and unserved communities.
Consequently, information regarding Notice of Change in Subject Matter of DATES: Comments must be submitted on
CAIs connected by such facilities is Agency Meeting or before May 22, 2018.
necessary for the Commission to ADDRESSES: You may submit comments,
understand whether adequate facilities Pursuant to the provisions of identified by FR Y–3, FR Y–3N, or FR
exist to support additional last-mile subsection (e)(2) of the ‘‘Government in Y–4, by any of the following methods:
connections and for the evaluation of the Sunshine Act’’ (5 U.S.C. 552b(e)(2)), • Agency website: http://
carriers’ performance—consistent with notice is hereby given that at its open www.federalreserve.gov. Follow the
the purpose of the map collection. meeting held at 10:00 a.m. on Tuesday, instructions for submitting comments at
22. The Bureaus deny ATA’s Petition March 20, 2018, the Corporation’s Board http://www.federalreserve.gov/apps/
to the extent it seeks to exclude the of Directors determined, on motion of foia/proposedregs.aspx.
reporting of CAIs which meet these Vice Chairman Thomas M. Hoenig, • Email: regs.comments@
criteria. ATA argues that all CAIs are seconded by Director Joseph M. Otting federalreserve.gov. Include OMB
‘‘last-mile’’ facilities and therefore (Comptroller of the Currency), number in the subject line of the
should not be part of the map collection concurred in by Director Mick message.
except in limited circumstances. ATA’s Mulvaney (Acting Director, Consumer • FAX: (202) 452–3819 or (202) 452–
position is not consistent with the Financial Protection Bureau), and 3102.
Alaska Plan Order. ATA argues that the Chairman Martin J. Gruenberg, that • Mail: Ann E. Misback, Secretary,
Bureaus’ reliance on aggregation points Corporation business required the Board of Governors of the Federal
to justify reporting some nodes ‘‘proves addition to the agenda for consideration Reserve System, 20th Street and
amozie on DSK30RV082PROD with NOTICES
too much’’ because a ‘‘home’s or at the meeting, on less than seven days’ Constitution Avenue NW, Washington,
business’s Wi-Fi router is an initial notice to the public, of the following DC 20551.
aggregation point.’’ But ATA’s argument matters: All public comments are available
contravenes its own cited precedent, Memorandum and resolution re: Final from the Board’s website at http://
which separates the network based on Rule to Implement Increase in Appraisal www.federalreserve.gov/apps/foia/
points of traffic aggregation with similar Threshold for Commercial Real Estate proposedregs.aspx as submitted, unless
network demand. In many instances, Transactions. modified for technical reasons.
VerDate Sep<11>2014 21:54 Mar 22, 2018 Jkt 244001 PO 00000 Frm 00045 Fmt 4703 Sfmt 4703 E:\FR\FM\23MRN1.SGM 23MRN1](https://thefederalregister.org/doc/83_FR_12815/page/1.svg)
![12760 Federal Register / Vol. 83, No. 57 / Friday, March 23, 2018 / Notices
and such requests for confidentiality All public comments are available the PRA. Comments are invited on the
must contain detailed justifications from the Board’s website at http:// following:
corresponding to the claimed www.federalreserve.gov/apps/foia/ a. Whether the proposed collection of
exemption. Requests for confidentiality proposedregs.aspx as submitted, unless information is necessary for the proper
will be evaluated on a case-by-case modified for technical reasons. performance of the Federal Reserve’s
basis. Accordingly, your comments will not be functions; including whether the
Effective date: July 31, 2018. edited to remove any identifying or information has practical utility;
Board of Governors of the Federal Reserve contact information. Public comments b. The accuracy of the Federal
System, March 20, 2018. may also be viewed electronically or in Reserve’s estimate of the burden of the
Ann E. Misback paper form in Room 3515, 1801 K Street proposed information collection,
Secretary of the Board. (between 18th and 19th Streets NW) including the validity of the
[FR Doc. 2018–05956 Filed 3–22–18; 8:45 am] Washington, DC 20006 between 9:00 methodology and assumptions used;
a.m. and 5:00 p.m. on weekdays. c. Ways to enhance the quality,
BILLING CODE 6210–01–P
Additionally, commenters may send a utility, and clarity of the information to
copy of their comments to the OMB be collected;
FEDERAL RESERVE SYSTEM Desk Officer—Shagufta Ahmed—Office d. Ways to minimize the burden of
of Information and Regulatory Affairs, information collection on respondents,
Proposed Agency Information Office of Management and Budget, New including through the use of automated
Collection Activities; Comment Executive Office Building, Room 10235, collection techniques or other forms of
Request 725 17th Street NW, Washington, DC information technology; and
20503 or by fax to (202) 395–6974. e. Estimates of capital or startup costs
AGENCY: Board of Governors of the and costs of operation, maintenance,
Federal Reserve System. FOR FURTHER INFORMATION CONTACT: A and purchase of services to provide
ACTION: Notice, request for comment. copy of the Paper Reduction Act (PRA) information.
OMB submission, including the At the end of the comment period, the
SUMMARY: The Board of Governors of the proposed reporting form and comments and recommendations
Federal Reserve System (Board) invites instructions, supporting statement, and received will be analyzed to determine
comment on a proposal to extend for other documentation will be placed into the extent to which the Federal Reserve
three years, with revision, the OMB’s public docket files, if approved. should modify the proposal.
International Applications and Prior These documents will also be made
Notifications Under Subpart B of available on the Federal Reserve Board’s Proposal To Approve Under OMB
Regulation K (FR K–2; OMB No. 7100– public website at: http:// Delegated Authority the Extension for
0284). The Board proposes to revise the www.federalreserve.gov/apps/ Three Years, With Revision, of the
FR K–2 form and instructions in order reportforms/review.aspx or may be Following Report
to: Improve the clarity of the requests; requested from the agency clearance Report title: International
reflect new laws, regulations, capital officer, whose name appears below. Applications and Prior Notifications
requirements, and accounting rules; Under Subpart B of Regulation K.
Federal Reserve Board Clearance
make minor changes for improved style, Agency form number: FR K–2.
Officer—Nuha Elmaghrabi—Office of
grammar, and clarity; and harmonize OMB control number: 7100–0284.
the Chief Data Officer, Board of
the general information, certification, Frequency: On occasion.
Governors of the Federal Reserve
and confidentiality sections with other Respondents: Foreign banks.
System, Washington, DC 20551, (202)
similar forms. The revisions are Estimated number of respondents: 14.
452–3829. Telecommunications Device
intended to reduce the need for Estimated average hours per response:
for the Deaf (TDD) users may contact
subsequent requests for additional 36 hours.
(202) 263–4869, Board of Governors of
information from respondents, which Estimated annual burden hours: 504
the Federal Reserve System,
delay the Federal Reserve’s hours.
Washington, DC 20551.
consideration of a filing and create General description of collection:
additional burden for filers. SUPPLEMENTARY INFORMATION: On June Foreign banks are required to obtain the
DATES: Comments must be submitted on 15, 1984, the Office of Management and prior approval of the Federal Reserve to
or before May 22, 2018. Budget (OMB) delegated to the Board establish a branch, agency, or
ADDRESSES: You may submit comments,
authority under the PRA to approve of representative office in the United
identified by FR K–2, by any of the and assign OMB control numbers to States; to acquire ownership or control
following methods: collection of information requests and of a commercial lending company in the
• Agency website: http:// requirements conducted or sponsored United States; or to change the status of
www.federalreserve.gov. Follow the by the Board. In exercising this any existing office in the United States.
instructions for submitting comments at delegated authority, the Board is The FR K–2 information collection
http://www.federalreserve.gov/apps/ directed to take every reasonable step to contains five attachments for the
foia/proposedregs.aspx. solicit comment. In determining application and notification
• Email: regs.comments@ whether to approve a collection of requirements embodied in subpart B of
federalreserve.gov. Include OMB information, the Board will consider all Regulation K. The Federal Reserve uses
number in the subject line of the comments received from the public and the information to fulfill its statutory
message. other agencies. obligations under the International
amozie on DSK30RV082PROD with NOTICES
• FAX: (202) 452–3819 or (202) 452– Request for Comment on Information Banking Act.
3102. Collection Proposal The applicant also is required to
• Mail: Ann E. Misback, Secretary, publish a notice in a newspaper of
Board of Governors of the Federal The Board invites public comment on general circulation in the community
Reserve System, 20th Street and the following information collection, where the office is proposed to be
Constitution Avenue NW, Washington, which is being reviewed under located. The notice must state the name
DC 20551. authority delegated by the OMB under and address of the applicant/notificant
VerDate Sep<11>2014 21:54 Mar 22, 2018 Jkt 244001 PO 00000 Frm 00047 Fmt 4703 Sfmt 4703 E:\FR\FM\23MRN1.SGM 23MRN1](https://thefederalregister.org/doc/83_FR_12815/page/3.svg)
Document Created: 2018-11-01 08:53:30
Document Modified: 2018-11-01 08:53:30
| 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 | Notice, request for comment. | |
| Dates | Comments must be submitted on or before May 22, 2018. | |
| 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, if approved. These documents will also be made available on the Federal Reserve Board's public website at: http:// www.federalreserve.gov/apps/reportforms/review.aspx or may be requested from the agency clearance officer, whose name appears below. | |
| FR Citation | 83 FR 12758 |
2025 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR