83_FR_34717 83 FR 34577 - Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB

83 FR 34577 - Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB

FEDERAL RESERVE SYSTEM

Federal Register Volume 83, Issue 140 (July 20, 2018)

Page Range34577-34578
FR Document2018-15521

The Board of Governors of the Federal Reserve System (Board) is adopting 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).

Federal Register, Volume 83 Issue 140 (Friday, July 20, 2018) 
[Federal Register Volume 83, Number 140 (Friday, July 20, 2018)]
[Notices]
[Pages 34577-34578]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-15521]


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FEDERAL RESERVE SYSTEM


Agency Information Collection Activities: Announcement of Board 
Approval Under Delegated Authority and Submission to OMB

AGENCY: Board of Governors of the Federal Reserve System.

ACTION: Notice.

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SUMMARY: The Board of Governors of the Federal Reserve System (Board) 
is adopting 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).

DATES: The revisions are applicable as of July 31, 2018.

FOR FURTHER INFORMATION CONTACT: 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.
    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.

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 of and assign OMB control numbers to 
collection of information requests and requirements conducted or 
sponsored by the Board. Board-approved collections of information are 
incorporated into the official OMB inventory of currently approved 
collections of information. Copies of the Paperwork Reduction Act 
Submission, supporting statements and approved collection of 
information instrument(s) are placed into OMB's public docket files. 
The Board may not conduct or sponsor, and the respondent is not 
required to respond to, an information collection that has been 
extended, revised, or implemented on or after October 1, 1995, unless 
it displays a currently valid OMB control number.

Final Approval Under OMB Delegated Authority of 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.
    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

[[Page 34578]]

claimed FOIA exemption. Requests for confidentiality will be evaluated 
on a case-by-case basis.
    Effective date: July 31, 2018.
    Current actions: On March 23, 2018, the Board published a notice in 
the Federal Register (83 FR 12762) requesting public comment for 60 
days on the extension, with revision, of the FR Y-3F. 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. The 
comment period for this notice expired on May 22, 2018. The Board did 
not receive any comments. Accordingly, the revisions will be 
implemented as proposed.

    Board of Governors of the Federal Reserve System, July 17, 2018.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2018-15521 Filed 7-19-18; 8:45 am]
 BILLING CODE 6210-01-P

Federal Register / Vol. 83, No. 140 / Friday, July 20, 2018 / Notices 34577 Conditioners (MVACs) retrofitted to use 1, respectively; resulting in a total of 13 revised, or implemented on or after a SNAP substitute refrigerant include MVAC retrofits over the three years of October 1, 1995, unless it displays a basic information on a label to be this ICR. currently valid OMB control number. affixed to the air conditioner. The label Courtney Kerwin, Final Approval Under OMB Delegated includes the name of the substitute Director, Regulatory Support Division. Authority of the Extension for Three refrigerant, when and by whom the retrofit was performed, environmental [FR Doc. 2018–15522 Filed 7–19–18; 8:45 am] Years, With Revision, of the Following and safety information about the BILLING CODE 6560–50–P Report substitute refrigerant, and other Report title: Application for a Foreign information. This information is needed Organization to Acquire a Bank Holding so that subsequent technicians working FEDERAL RESERVE SYSTEM Company. on the MVAC system will be able to Agency form number: FR Y–3F. service the equipment properly, Agency Information Collection OMB control number: 7100–0119. decreasing the likelihood of significant Activities: Announcement of Board Frequency: On occasion. refrigerant cross-contamination and Approval Under Delegated Authority Respondents: Any company organized potential failure of air conditioning and Submission to OMB under the laws of a foreign country systems and recovery/recycling seeking to acquire a U.S. bank or bank AGENCY: Board of Governors of the holding company. equipment. Federal Reserve System. Form numbers: None. Estimated number of respondents: ACTION: Notice. Initial application, 1; subsequent Respondents/affected entities: New and used car dealers, gas service SUMMARY: The Board of Governors of the application, 5. stations, top and body repair shops, Estimated average hours per response: Federal Reserve System (Board) is general automotive repair shops, Initial application, 91 hours; subsequent adopting a proposal to extend for three automotive repair shops not elsewhere application, 71 hours. years, with revision, the Application for classified, including air conditioning Estimated annual burden hours: 446 a Foreign Organization to Acquire a U.S. and radiator specialty shops. hours. Bank or Bank Holding Company (FR General description of collection: Respondent’s obligation to respond: Y–3F; OMB No. 7100–0119). Mandatory under 40 CFR 82.180. Under the Bank Holding Company Act DATES: The revisions are applicable as of (BHCA), submission of this application Estimated number of respondents: 13 July 31, 2018. is required for any company organized (total). Frequency of response: Once per FOR FURTHER INFORMATION CONTACT: under the laws of a foreign country retrofit of a motor vehicle air Federal Reserve Board Clearance seeking to acquire a U.S. bank or bank conditioner. Officer—Nuha Elmaghrabi—Office of holding company. Applicants must Total estimated burden: 1 hour (per the Chief Data Officer, Board of provide financial and managerial year). Burden is defined at 5 CFR Governors of the Federal Reserve information, discuss the competitive 1320.3(b). System, Washington, DC 20551, (202) effects of the proposed transaction, and Total estimated cost: $15 (per year), 452–3829. Telecommunications Device discuss how the proposed transaction includes $1 (per year) annualized for the Deaf (TDD) users may contact would effect the convenience and needs capital or operation and maintenance (202) 263–4869, Board of Governors of of the community to be served. The costs. the Federal Reserve System, Federal Reserve also uses the Changes in estimates: There is a Washington, DC 20551. information to fulfill, in part, its decrease of 8 hours in the total OMB Desk Officer—Shagufta supervisory responsibilities with respect estimated respondent burden compared Ahmed—Office of Information and to foreign banking organizations in the with the ICR currently approved by Regulatory Affairs, Office of United States. OMB (per year). This decrease is based Management and Budget, New In addition to the application on the decline of MVACs in service Executive Office Building, Room 10235, materials, an applicant also is required today using chlorofluorocarbons (CFCs), 725 17th Street NW, Washington, DC to publish a notice in a newspaper of specifically CFC–12. After 1994, new 20503 or by fax to (202) 395–6974. general circulation in the community cars in the U.S. were no longer SUPPLEMENTARY INFORMATION: On June where the head office of the bank to be manufactured with CFC–12 MVACs. 15, 1984, the Office of Management and acquired is located. The notice must The number of MVACs originally Budget (OMB) delegated to the Board state the name and address of the designed to use CFC–12 as well as the authority under the Paperwork applicant and its proposed subsidiary, number of those retrofitted has been Reduction Act (PRA) to approve of and and it must invite the public to submit decreasing every year and EPA assign OMB control numbers to written comments to the appropriate estimates a continued reduction in the collection of information requests and Federal Reserve Bank. number of CFC–12 MVAC retrofits will requirements conducted or sponsored Legal authorization and occur during the next three years. EPA by the Board. Board-approved confidentiality: This information estimates that in 2017 there were 18,000 collections of information are collection is mandatory and authorized MVACs originally designed to use CFC– incorporated into the official OMB by sections 3(a), 3(c), and 5(b) of the 12 operating in the U.S., and estimates inventory of currently approved BHCA (12 U.S.C.1842(a), (c) and that in 2018, 2019 and 2020 the number collections of information. Copies of the 1844(b)). The information provided in of cars originally designed to use CFC– Paperwork Reduction Act Submission, the application is not confidential daltland on DSKBBV9HB2PROD with NOTICES 12 will decrease to 8,200, 3,500 and supporting statements and approved unless the applicant specifically 1,500, respectively. Of these, EPA collection of information instrument(s) requests confidentiality and the Board estimates that approximately 0.1% will are placed into OMB’s public docket approves the request. Applicants may be retrofitted annually to use alternative files. The Board may not conduct or rely on any Freedom of Information Act refrigerants. Therefore, EPA estimates sponsor, and the respondent is not (FOIA) exemption, but such requests for that in 2018, 2019 and 2020 the number required to respond to, an information confidentiality must contain detailed of MVACs to be retrofitted are 8, 4 and collection that has been extended, justifications corresponding to the VerDate Sep<11>2014 18:06 Jul 19, 2018 Jkt 244001 PO 00000 Frm 00042 Fmt 4703 Sfmt 4703 E:\FR\FM\20JYN1.SGM 20JYN1

34578 Federal Register / Vol. 83, No. 140 / Friday, July 20, 2018 / Notices claimed FOIA exemption. Requests for individually, to acquire voting shares of Governors not later than August 15, confidentiality will be evaluated on a Laguna Madre Bancshares, Inc., and 2018. case-by-case basis. thereby indirectly acquire shares of First A. Federal Reserve Bank of Kansas Effective date: July 31, 2018. National Bank of South Padre Island, City (Dennis Denney, Assistant Vice Current actions: On March 23, 2018, Texas. In addition, The McDaniel President) 1 Memorial Drive, Kansas the Board published a notice in the Nevada Irrevocable Trust, Fort Worth, City, Missouri 64198–0001: Federal Register (83 FR 12762) Texas, Barbara McDaniel, Fort Worth, 1. Bern Bancshares, Inc., Bern, requesting public comment for 60 days Texas, Trustee for The McDaniel Kansas; to acquire 6.5 percent of the on the extension, with revision, of the Nevada Irrevocable Trust, the Estate of voting shares of UBT Bancshares, Inc., FR Y–3F. The Board proposes to revise Melvin H. Chapman, South Padre Marysville, Kansas, and thereby the FR Y–3F form and instructions in Island, Texas, Stewart Chapman, indirectly acquire United Bank & Trust, order to improve the clarity of the Wichita Falls, Texas, Executor for the Marysville, Kansas. required information; obtain additional Estate of Melvin H. Chapman, Trevor Board of Governors of the Federal Reserve information necessary to evaluate the Franke, Frisco, Texas, Denise Franke System, July 16, 2018. statutory factors; reflect the impact of Yeary, Dallas, Texas, Richard Franke, Ann Misback, new laws, regulations, capital Jr., John P. Franke, and Kevin C. Franke, Secretary of the Board. requirements and accounting rules; and all of Bayview, Texas; to retain shares [FR Doc. 2018–15471 Filed 7–19–18; 8:45 am] increase transparency regarding the and to join a group acting in concert to BILLING CODE P information that is required to consider retain shares of Laguna Madre a proposal. The revisions are intended Bancshares, Inc. to reduce the need for subsequent Board of Governors of the Federal Reserve FEDERAL RESERVE SYSTEM information requests, which delay the System, July 16, 2018. Board’s consideration of a filing and Ann Misback, Agency Information Collection create additional burden for filers. The Secretary of the Board. Activities: Announcement of Board comment period for this notice expired [FR Doc. 2018–15472 Filed 7–19–18; 8:45 am] Approval Under Delegated Authority on May 22, 2018. The Board did not and Submission to OMB BILLING CODE P receive any comments. Accordingly, the revisions will be implemented as AGENCY: Board of Governors of the proposed. Federal Reserve System. FEDERAL RESERVE SYSTEM Board of Governors of the Federal Reserve SUMMARY: The Board of Governors of the System, July 17, 2018. Formations of, Acquisitions by, and Federal Reserve System (Board) is Michele Taylor Fennell, Mergers of Bank Holding Companies adopting a proposal to extend for three Assistant Secretary of the Board. years, with revision, the International The companies listed in this notice Applications and Prior Notifications [FR Doc. 2018–15521 Filed 7–19–18; 8:45 am] have applied to the Board for approval, under Subparts A and C of Regulation BILLING CODE 6210–01–P pursuant to the Bank Holding Company K (FR K–1; OMB No. 7100–0107). The Act of 1956 (12 U.S.C. 1841 et seq.) revisions are applicable as of July 31, (BHC Act), Regulation Y (12 CFR part 2018. FEDERAL RESERVE SYSTEM 225), and all other applicable statutes and regulations to become a bank FOR FURTHER INFORMATION CONTACT: Change in Bank Control Notices; holding company and/or to acquire the Federal Reserve Board Clearance Acquisitions of Shares of a Bank or assets or the ownership of, control of, or Officer—Nuha Elmaghrabi—Office of Bank Holding Company the power to vote shares of a bank or the Chief Data Officer, Board of The notificants listed below have bank holding company and all of the Governors of the Federal Reserve applied under the Change in Bank banks and nonbanking companies System, Washington, DC, 20551 (202) Control Act (12 U.S.C. 1817(j)) and owned by the bank holding company, 452–3829. Telecommunications Device § 225.41 of the Board’s Regulation Y (12 including the companies listed below. for the Deaf (TDD) users may contact CFR 225.41) to acquire shares of a bank The applications listed below, as well (202) 263–4869, Board of Governors of or bank holding company. The factors as other related filings required by the the Federal Reserve System, that are considered in acting on the Board, are available for immediate Washington, DC 20551. notices are set forth in paragraph 7 of inspection at the Federal Reserve Bank OMB Desk Officer—Shagufta the Act (12 U.S.C. 1817(j)(7)). indicated. The applications will also be Ahmed—Office of Information and The notices are available for available for inspection at the offices of Regulatory Affairs, Office of immediate inspection at the Federal the Board of Governors. Interested Management and Budget, New Reserve Bank indicated. The notices persons may express their views in Executive Office Building, Room 10235, also will be available for inspection at writing on the standards enumerated in 725 17th Street NW, Washington, DC the offices of the Board of Governors. the BHC Act (12 U.S.C. 1842(c)). If the 20503 or by fax to (202) 395–6974. Interested persons may express their proposal also involves the acquisition of SUPPLEMENTARY INFORMATION: On June views in writing to the Reserve Bank a nonbanking company, the review also 15, 1984, the Office of Management and indicated for that notice or to the offices includes whether the acquisition of the Budget (OMB) delegated to the Board of the Board of Governors. Comments nonbanking company complies with the authority under the Paperwork must be received not later than August standards in section 4 of the BHC Act Reduction Act (PRA) to approve of and daltland on DSKBBV9HB2PROD with NOTICES 6, 2018. (12 U.S.C. 1843). Unless otherwise assign OMB control numbers to A. Federal Reserve Bank of Dallas noted, nonbanking activities will be collection of information requests and (Robert L. Triplett III, Senior Vice conducted throughout the United States. requirements conducted or sponsored President) 2200 North Pearl Street, Unless otherwise noted, comments by the Board. Board-approved Dallas, Texas 75201–2272: regarding each of these applications collections of information are 1. Richard Franke, Bayview, Texas, must be received at the Reserve Bank incorporated into the official OMB and Dennis Franke, Brownsville, Texas, indicated or the offices of the Board of inventory of currently approved VerDate Sep<11>2014 18:06 Jul 19, 2018 Jkt 244001 PO 00000 Frm 00043 Fmt 4703 Sfmt 4703 E:\FR\FM\20JYN1.SGM 20JYN1


Document Created: 2018-07-20 01:18:37
Document Modified: 2018-07-20 01:18:37
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.
DatesThe revisions are applicable as of July 31, 2018.
ContactFederal 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.
FR Citation83 FR 34577 
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