83 FR 12762 - 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 | 12762-12763 | |
| FR Document | 2018-05955 |
[Federal Register Volume 83, Number 57 (Friday, March 23, 2018)] [Notices] [Pages 12762-12763] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-05955] ----------------------------------------------------------------------- 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 Application for a Foreign Organization to Acquire a U.S. Bank or Bank Holding Company (FR Y-3F; OMB No. 7100-0119). The Board proposes to revise the FR Y-3F form and instructions in order to improve the clarity of the require information; obtain additional information necessary to evaluate the statutory factors; reflect the impact of new laws, regulations, capital requirements, and accounting rules; and improve transparency regarding the information that is required to consider a proposal. The revisions are intended to reduce the need for subsequent requests for additional information from applicants, which may delay the Board's consideration of a filing and create additional burden for filers. DATES: Comments must be submitted on or before May 22, 2018. ADDRESSES: You may submit comments, identified by FR Y-3F, 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 [[Page 12763]] 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 a Foreign Organization to Acquire a Bank Holding Company. Agency form number: FR Y-3F. OMB control number: 7100-0119. Frequency: On occasion. Respondents: Any company organized under the laws of a foreign country seeking to acquire a U.S. bank or bank holding company. Estimated number of respondents: Initial application, 1; subsequent application, 5. Estimated average hours per response: Initial application, 91 hours; subsequent application, 71 hours. Estimated annual burden hours: 446 hours. General description of collection: Under the Bank Holding Company Act (BHCA), submission of this application is required for any company organized under the laws of a foreign country seeking to acquire a U.S. bank or bank holding company. Applicants must provide financial and managerial information, discuss the competitive effects of the proposed transaction, and discuss how the proposed transaction would effect the convenience and needs of the community to be served. The Federal Reserve also uses the information to fulfill, in part, its supervisory responsibilities with respect to foreign banking organizations in the United States. In addition to the application materials, an applicant 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-3F form and instructions in order to improve the clarity of the required information; obtain additional information necessary to evaluate the statutory factors; reflect the impact of new laws, regulations, capital requirements and accounting rules; and increase transparency regarding the information that is required to consider a proposal. The revisions are intended to reduce the need for subsequent information requests, which delay the Board's consideration of a filing and create additional burden for filers. Legal authorization and confidentiality: This information collection is mandatory and authorized by sections 3(a), 3(c), and 5(b) of the BHCA (12 U.S.C. 1842(a), (c) and 1844(b)). The information provided in the application is not confidential unless the applicant specifically requests confidentiality and the Board approves the request. 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. 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. 2018-05955 Filed 3-22-18; 8:45 am] BILLING CODE 6210-01-P
![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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![Federal Register / Vol. 83, No. 57 / Friday, March 23, 2018 / Notices 12763
comments received from the public and information, discuss the competitive DEPARTMENT OF HEALTH AND
other agencies. effects of the proposed transaction, and HUMAN SERVICES
Request for Comment on Information discuss how the proposed transaction
would effect the convenience and needs Centers for Disease Control and
Collection Proposal Prevention
of the community to be served. The
The Board invites public comment on Federal Reserve also uses the
the following information collection, information to fulfill, in part, its [30Day–18–0213]
which is being reviewed under supervisory responsibilities with respect
authority delegated by the OMB under Agency Forms Undergoing Paperwork
to foreign banking organizations in the Reduction Act Review
the PRA. Comments are invited on the
United States.
following: In accordance with the Paperwork
a. Whether the proposed collection of In addition to the application
Reduction Act of 1995, the Centers for
information is necessary for the proper materials, an applicant also is required
Disease Control and Prevention (CDC)
performance of the Federal Reserve’s to publish a notice in a newspaper of has submitted the information
functions; including whether the general circulation in the community collection request titled National Vital
information has practical utility; where the head office of the bank to be Statistics Report Forms to the Office of
b. The accuracy of the Federal acquired is located. The notice must Management and Budget (OMB) for
Reserve’s estimate of the burden of the state the name and address of the review and approval. CDC previously
proposed information collection, applicant and its proposed subsidiary, published a ‘‘Proposed Data Collection
including the validity of the and it must invite the public to submit Submitted for Public Comment and
methodology and assumptions used; written comments to the appropriate Recommendations’’ notice on December
c. Ways to enhance the quality, Federal Reserve Bank. 13, 2017 to obtain comments from the
utility, and clarity of the information to
Proposed revisions: The Board public and affected agencies. CDC
be collected;
proposes to revise the FR Y–3F form received two comments related to the
d. Ways to minimize the burden of
and instructions in order to improve the previous notice. This notice serves to
information collection on respondents,
clarity of the required information; allow an additional 30 days for public
including through the use of automated
obtain additional information necessary and affected agency comments.
collection techniques or other forms of
to evaluate the statutory factors; reflect CDC will accept all comments for this
information technology; and
proposed information collection project.
e. Estimates of capital or startup costs the impact of new laws, regulations,
The Office of Management and Budget
and costs of operation, maintenance, capital requirements and accounting
is particularly interested in comments
and purchase of services to provide rules; and increase transparency
that:
information. regarding the information that is
At the end of the comment period, the (a) Evaluate whether the proposed
required to consider a proposal. The collection of information is necessary
comments and recommendations revisions are intended to reduce the
received will be analyzed to determine for the proper performance of the
need for subsequent information functions of the agency, including
the extent to which the Federal Reserve requests, which delay the Board’s
should modify the proposal. whether the information will have
consideration of a filing and create practical utility;
Proposal To Approve Under OMB additional burden for filers. (b) Evaluate the accuracy of the
Delegated Authority the Extension for Legal authorization and agencies estimate of the burden of the
Three Years, With Revision, of the confidentiality: This information proposed collection of information,
Following Report collection is mandatory and authorized including the validity of the
Report title: Application for a Foreign by sections 3(a), 3(c), and 5(b) of the methodology and assumptions used;
Organization to Acquire a Bank Holding BHCA (12 U.S.C. 1842(a), (c) and (c) Enhance the quality, utility, and
Company. 1844(b)). The information provided in clarity of the information to be
Agency form number: FR Y–3F. the application is not confidential collected;
OMB control number: 7100–0119. unless the applicant specifically (d) Minimize the burden of the
Frequency: On occasion. collection of information on those who
requests confidentiality and the Board
Respondents: Any company organized are to respond, including, through the
approves the request. Applicants may
under the laws of a foreign country use of appropriate automated,
rely on any Freedom of Information Act
seeking to acquire a U.S. bank or bank electronic, mechanical, or other
(FOIA) exemption, but such requests for technological collection techniques or
holding company.
confidentiality must contain detailed other forms of information technology,
Estimated number of respondents:
Initial application, 1; subsequent justifications corresponding to the e.g., permitting electronic submission of
application, 5. claimed FOIA exemption. Requests for responses; and
Estimated average hours per response: confidentiality will be evaluated on a (e) Assess information collection
Initial application, 91 hours; subsequent case-by-case basis. costs.
application, 71 hours. Effective date: July 31, 2018. To request additional information on
Estimated annual burden hours: 446 the proposed project or to obtain a copy
Board of Governors of the Federal Reserve
hours. System, March 20, 2018.
of the information collection plan and
General description of collection: instruments, call (404) 639–7570 or
Ann E. Misback
amozie on DSK30RV082PROD with NOTICES
Under the Bank Holding Company Act send an email to omb@cdc.gov. Direct
(BHCA), submission of this application Secretary of the Board. written comments and/or suggestions
is required for any company organized [FR Doc. 2018–05955 Filed 3–22–18; 8:45 am] regarding the items contained in this
under the laws of a foreign country BILLING CODE 6210–01–P notice to the Attention: CDC Desk
seeking to acquire a U.S. bank or bank Officer, Office of Management and
holding company. Applicants must Budget, 725 17th Street NW,
provide financial and managerial Washington, DC 20503 or by fax to (202)
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Document Created: 2018-11-01 08:54:04
Document Modified: 2018-11-01 08:54:04
| 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 12762 |
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