83 FR 12761 - Proposed Agency Information Collection Activities; Comment Request

FEDERAL RESERVE SYSTEM

Federal Register Volume 83, Issue 57 (March 23, 2018)

Page Range		12761-12762
FR Document		2018-05957

The Board of Governors of the Federal Reserve System (Board) invites comment on a proposal to extend for three years, with revision, the International Applications and Prior Notifications under Subparts A and C of Regulation K (FR K-1; OMB No. 7100-0107). The Board proposes to revise the FR K-1 form and instructions primarily to make minor changes for improved style, grammar, and clarity, and to align the general information, certification, and confidentiality sections with other similar forms. No changes have been made to the information required in various attachments.

Federal Register, Volume 83 Issue 57 (Friday, March 23, 2018)

[Federal Register Volume 83, Number 57 (Friday, March 23, 2018)]
[Notices]
[Pages 12761-12762]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-05957]


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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 International Applications and Prior Notifications under Subparts A 
and C of Regulation K (FR K-1; OMB No. 7100-0107). The Board proposes 
to revise the FR K-1 form and instructions primarily to make minor 
changes for improved style, grammar, and clarity, and to align the 
general information, certification, and confidentiality sections with 
other similar forms. No changes have been made to the information 
required in various attachments.

DATES: Comments must be submitted on or before May 22, 2018.

ADDRESSES: You may submit comments, identified by FR K-1, 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. 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 Paperwork Reduction Act 
(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 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.

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: International Applications and Prior Notifications 
under Subparts A and C of Regulation K.
    Agency form number: FR K-1.
    OMB control number: 7100-0107.
    Frequency: On occasion.

[[Page 12762]]

    Respondents: Member banks, Edge and agreement corporations, bank 
holding companies (BHCs), and foreign organizations.
    Estimated number of respondents: Attachments A and B, 5; 
Attachments C through G, 15; Attachments H and I, 12; Attachment J, 2; 
Attachment K, 1.
    Estimated average hours per response: Attachments A and B, 11.5 
hours; Attachments C through G, 10 hours; Attachments H and I, 15.5 
hours; Attachment J, 10 hours; Attachment K, 20 hours.
    Estimated annual burden hours: 1,013 hours.
    General description of collection: Subpart A of the Board's 
Regulation K governs the foreign investments and activities of member 
banks, Edge and agreement corporations, BHCs, and certain investments 
by foreign organizations. Subpart C of Regulation K governs investments 
in export trading companies. The FR K-1 information collection contains 
eleven attachments for the application and notification requirements 
embodied in Subparts A and C of Regulation K. The Board requires these 
applications for regulatory and supervisory purposes and to allow the 
Board to fulfill its statutory obligations under the Federal Reserve 
Act and the Bank Holding Company Act of 1956. The applications are 
event-generated and provide the Federal Reserve with information 
necessary to evaluate each of the proposed transactions.
    Proposed revisions: The Board proposes to revise the FR K-1 form 
and instructions primarily to make minor changes for improved style, 
grammar, and clarity, and to align the general information, 
certification, and confidentiality sections with other similar 
forms.\1\ In addition, a statement has been added indicating that the 
Board prefers that applicants/notificants electronically submit the 
application/notification and that a pre-filing option is available. No 
changes have been made to the information required in the various 
attachments to the FR K-1 form.
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    \1\ Bank Holding Company Application and Notification Forms (FR 
Y-3, FR Y-3N, and FR Y-4; OMB No. 7100-0121), the International 
Applications and Prior Notifications Under Subpart B of Regulation K 
(FR K-2; OMB No. 7100-0284), and the Application for a Foreign 
Organization to Acquire a U.S. Bank or Bank Holding Company (FR Y-
3F; OMB No. 7100-0119).
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    Legal authorization and confidentiality: This information 
collection is mandatory and collected pursuant to sections 25 and 25A 
of the Federal Reserve Act (12 U.S.C. 601-604(a), 611-631), and 
sections 4(c)(13), 4(c)(14), and 5(c) of the Bank Holding Company Act 
(12 U.S.C. 1843(c)(13), 1843(c)(14), 1844(c)). The information 
submitted in the FR K-1 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 (FOIA) exemption, but such requests for 
confidentiality must contain detailed justifications corresponding to 
the claimed FOIA exemption. Any 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. 2018-05957 Filed 3-22-18; 8:45 am]
BILLING CODE 6210-01-P

Federal Register / Vol. 83, No. 57 / Friday, March 23, 2018 / Notices 12761

and the proposed office, and it must FR K–1 form and instructions primarily System, Washington, DC 20551, (202)
invite the public to submit written to make minor changes for improved 452–3829. Telecommunications Device
comments to the appropriate Reserve style, grammar, and clarity, and to align for the Deaf (TDD) users may contact
Bank. the general information, certification, (202) 263–4869, Board of Governors of
Proposed revisions: The Board and confidentiality sections with other the Federal Reserve System,
proposes to revise the FR K–2 form and similar forms. No changes have been Washington, DC 20551.
instructions in order to: Improve the made to the information required in SUPPLEMENTARY INFORMATION: On
clarity of the requests; reflect the impact various attachments. June 15, 1984, the Office of Management
of new laws, regulations, capital DATES: Comments must be submitted on and Budget (OMB) delegated to the
requirements, and accounting rules; or before May 22, 2018. Board authority under the PRA to
make minor changes for improved style, ADDRESSES: You may submit comments, approve of and assign OMB control
grammar and clarity; and harmonize the identified by FR K–1, by any of the numbers to collection of information
general information, certification, and following methods: requests and requirements conducted or
confidentiality sections with other • Agency website: http:// sponsored by the Board. In exercising
similar forms. The revisions are www.federalreserve.gov. Follow the this delegated authority, the Board is
intended to make initial filings more instructions for submitting comments at directed to take every reasonable step to
reflective of the proposed transaction http://www.federalreserve.gov/apps/ solicit comment. In determining
and thereby reduce the need for foia/proposedregs.aspx. whether to approve a collection of
subsequent information requests, which • Email: regs.comments@ information, the Board will consider all
delay the Federal Reserve’s federalreserve.gov. Include OMB comments received from the public and
consideration of a filing and create number in the subject line of the other agencies.
additional burden for filers. message.
Legal authorization and Request for Comment on Information
• FAX: (202) 452–3819 or (202) 452– Collection Proposal
confidentiality: This information 3102.
collection is mandatory and collected • Mail: Ann E. Misback, Secretary, The Board invites public comment on
pursuant to sections 7, 10, and 13 of the Board of Governors of the Federal the following information collection,
International Banking Act (12 U.S.C. Reserve System, 20th Street and which is being reviewed under
3105, 3107, and 3108). The information Constitution Avenue NW, Washington, authority delegated by the OMB under
collected on the FR K–2 is normally DC 20551. the PRA. Comments are invited on the
subject to public disclosure under the All public comments are available following:
Freedom of Information Act (FOIA). The from the Board’s website at http:// a. Whether the proposed collection of
applying or notifying organization may www.federalreserve.gov/apps/foia/ information is necessary for the proper
request that portions of the information proposedregs.aspx as submitted, unless performance of the Federal Reserve’s
contained in the FR K–2 be afforded modified for technical reasons. functions; including whether the
confidential treatment. To do so, Accordingly, your comments will not be information has practical utility;
applicants must demonstrate how the edited to remove any identifying or b. The accuracy of the Federal
information for which confidentiality is contact information. Public comments Reserve’s estimate of the burden of the
requested would fall within the scope of may also be viewed electronically or in proposed information collection,
one or more of the exemptions paper form in Room 3515, 1801 K Street including the validity of the
contained in the FOIA. Any such (between 18th and 19th Streets NW), methodology and assumptions used;
request would be evaluated on a case- Washington, DC 20006 between 9:00 c. Ways to enhance the quality,
by-case basis. a.m. and 5:00 p.m. on weekdays. utility, and clarity of the information to
Effective date: July 31, 2018. Additionally, commenters may send a be collected;
Board of Governors of the Federal Reserve copy of their comments to the OMB d. Ways to minimize the burden of
System, March 20, 2018. Desk Officer—Shagufta Ahmed—Office information collection on respondents,
Ann E. Misback, of Information and Regulatory Affairs, including through the use of automated
Secretary of the Board. Office of Management and Budget, New collection techniques or other forms of
Executive Office Building, Room 10235, information technology; and
[FR Doc. 2018–05958 Filed 3–22–18; 8:45 am]
e. Estimates of capital or startup costs
BILLING CODE 6210–01–P 725 17th Street NW, Washington, DC
and costs of operation, maintenance,
20503 or by fax to (202) 395–6974.
and purchase of services to provide
FOR FURTHER INFORMATION CONTACT: information.
FEDERAL RESERVE SYSTEM A copy of the Paperwork Reduction Act At the end of the comment period, the
(PRA) OMB submission, including the comments and recommendations
Proposed Agency Information proposed reporting form and
Collection Activities; Comment received will be analyzed to determine
instructions, supporting statement, and the extent to which the Federal Reserve
Request other documentation will be placed into should modify the proposal.
AGENCY: Board of Governors of the OMB’s public docket files, if approved.
Federal Reserve System. These documents will also be made Proposal To Approve Under OMB
available on the Federal Reserve Board’s Delegated Authority the Extension for
ACTION: Notice, request for comment.
public website at: http:// Three Years, With Revision, of the
SUMMARY: The Board of Governors of the www.federalreserve.gov/apps/ Following Report
amozie on DSK30RV082PROD with NOTICES

Federal Reserve System (Board) invites reportforms/review.aspx or may be Report title: International
comment on a proposal to extend for requested from the agency clearance Applications and Prior Notifications
three years, with revision, the officer, whose name appears below. under Subparts A and C of
International Applications and Prior Federal Reserve Board Clearance Regulation K.
Notifications under Subparts A and C of Officer—Nuha Elmaghrabi—Office of Agency form number: FR K–1.
Regulation K (FR K–1; OMB No. 7100– the Chief Data Officer, Board of OMB control number: 7100–0107.
0107). The Board proposes to revise the Governors of the Federal Reserve Frequency: On occasion.

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12762 Federal Register / Vol. 83, No. 57 / Friday, March 23, 2018 / Notices

Respondents: Member banks, Edge Company Act (12 U.S.C. 1843(c)(13), number in the subject line of the
and agreement corporations, bank 1843(c)(14), 1844(c)). The information message.
holding companies (BHCs), and foreign submitted in the FR K–1 is considered • FAX: (202) 452–3819 or (202) 452–
organizations. to be public unless an institution 3102.
Estimated number of respondents: requests confidential treatment for • Mail: Ann E. Misback, Secretary,
Attachments A and B, 5; Attachments C portions of the particular application or Board of Governors of the Federal
through G, 15; Attachments H and I, 12; notification. Applicants may rely on any Reserve System, 20th Street and
Attachment J, 2; Attachment K, 1. Freedom of Information Act (FOIA) Constitution Avenue NW, Washington,
Estimated average hours per response: exemption, but such requests for DC 20551.
Attachments A and B, 11.5 hours; confidentiality must contain detailed All public comments are available
Attachments C through G, 10 hours; justifications corresponding to the from the Board’s website at http://
Attachments H and I, 15.5 hours; claimed FOIA exemption. Any requests www.federalreserve.gov/apps/foia/
Attachment J, 10 hours; Attachment K, for confidentiality will be evaluated on proposedregs.aspx as submitted, unless
20 hours. a case-by-case basis. modified for technical reasons.
Estimated annual burden hours: 1,013 Effective date: July 31, 2018. Accordingly, your comments will not be
hours.
General description of collection: Board of Governors of the Federal Reserve edited to remove any identifying or
System, March 20, 2018. contact information. Public comments
Subpart A of the Board’s Regulation K
governs the foreign investments and Ann E. Misback, may also be viewed electronically or in
activities of member banks, Edge and Secretary of the Board. paper form in Room 3515, 1801 K Street
agreement corporations, BHCs, and [FR Doc. 2018–05957 Filed 3–22–18; 8:45 am] (between 18th and 19th Streets NW)
certain investments by foreign BILLING CODE 6210–01–P Washington, DC 20006 between 9:00
organizations. Subpart C of Regulation K a.m. and 5:00 p.m. on weekdays.
governs investments in export trading Additionally, commenters may send a
companies. The FR K–1 information FEDERAL RESERVE SYSTEM copy of their comments to the OMB
collection contains eleven attachments Desk Officer—Shagufta Ahmed—Office
Proposed Agency Information of Information and Regulatory Affairs,
for the application and notification
Collection Activities; Comment Office of Management and Budget, New
requirements embodied in Subparts A
Request Executive Office Building, Room 10235,
and C of Regulation K. The Board
requires these applications for AGENCY: Board of Governors of the 725 17th Street NW, Washington, DC
regulatory and supervisory purposes Federal Reserve System. 20503 or by fax to (202) 395–6974.
and to allow the Board to fulfill its ACTION: Notice, request for comment. FOR FURTHER INFORMATION CONTACT: A
statutory obligations under the Federal copy of the Paperwork Reduction Act
Reserve Act and the Bank Holding SUMMARY: The Board of Governors of the (PRA) OMB submission, including the
Company Act of 1956. The applications Federal Reserve System (Board) invites proposed reporting form and
are event-generated and provide the comment on a proposal to extend for instructions, supporting statement, and
Federal Reserve with information three years, with revision, the other documentation will be placed into
necessary to evaluate each of the Application for a Foreign Organization OMB’s public docket files, if approved.
proposed transactions. to Acquire a U.S. Bank or Bank Holding These documents will also be made
Proposed revisions: The Board Company (FR Y–3F; OMB No. 7100– available on the Federal Reserve Board’s
proposes to revise the FR K–1 form and 0119). The Board proposes to revise the public website at: http://
instructions primarily to make minor FR Y–3F form and instructions in order www.federalreserve.gov/apps/
changes for improved style, grammar, to improve the clarity of the require reportforms/review.aspx or may be
and clarity, and to align the general information; obtain additional requested from the agency clearance
information, certification, and information necessary to evaluate the officer, whose name appears below.
confidentiality sections with other statutory factors; reflect the impact of Federal Reserve Board Clearance
similar forms.1 In addition, a statement new laws, regulations, capital Officer—Nuha Elmaghrabi—Office of
has been added indicating that the requirements, and accounting rules; and the Chief Data Officer, Board of
Board prefers that applicants/notificants improve transparency regarding the Governors of the Federal Reserve
electronically submit the application/ information that is required to consider System, Washington, DC 20551, (202)
notification and that a pre-filing option a proposal. The revisions are intended 452–3829. Telecommunications Device
is available. No changes have been made to reduce the need for subsequent for the Deaf (TDD) users may contact
to the information required in the requests for additional information from (202) 263–4869, Board of Governors of
various attachments to the FR K–1 form. applicants, which may delay the Board’s the Federal Reserve System,
Legal authorization and consideration of a filing and create Washington, DC 20551.
confidentiality: This information additional burden for filers. SUPPLEMENTARY INFORMATION: On June
collection is mandatory and collected DATES: Comments must be submitted on
pursuant to sections 25 and 25A of the 15, 1984, the Office of Management and
or before May 22, 2018. Budget (OMB) delegated to the Board
Federal Reserve Act (12 U.S.C. 601–
ADDRESSES: You may submit comments, authority under the PRA to approve of
604(a), 611–631), and sections 4(c)(13),
4(c)(14), and 5(c) of the Bank Holding identified by FR Y–3F, by any of the and assign OMB control numbers to
following methods: collection of information requests and
• Agency website: http://
amozie on DSK30RV082PROD with NOTICES

1 Bank Holding Company Application and requirements conducted or sponsored
Notification Forms (FR Y–3, FR Y–3N, and FR Y– www.federalreserve.gov. Follow the by the Board. In exercising this
4; OMB No. 7100–0121), the International instructions for submitting comments at delegated authority, the Board is
Applications and Prior Notifications Under Subpart http://www.federalreserve.gov/apps/ directed to take every reasonable step to
B of Regulation K (FR K–2; OMB No. 7100–0284),
and the Application for a Foreign Organization to
foia/proposedregs.aspx. solicit comment. In determining
Acquire a U.S. Bank or Bank Holding Company (FR • Email: regs.comments@ whether to approve a collection of
Y–3F; OMB No. 7100–0119). federalreserve.gov. Include OMB information, the Board will consider all

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Document Created: 2018-11-01 08:53:55
Document Modified: 2018-11-01 08:53:55

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 Paperwork Reduction Act (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 12761