83 FR 34578 - 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 Range		34578-34579
FR Document		2018-15518

The Board of Governors of the Federal Reserve System (Board) is adopting 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 revisions are applicable as of July 31, 2018.

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

[Federal Register Volume 83, Number 140 (Friday, July 20, 2018)]
[Notices]
[Pages 34578-34579]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-15518]


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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.

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

[[Page 34579]]

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: 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.
    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.
    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.
    Current actions: On March 23, 2018, the Board published a notice in 
the Federal Register (83 FR 12761) requesting public comment for 60 
days on the extension, with revision, of the FR K-1. The Board proposed 
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. 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.
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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).

    Board of Governors of the Federal Reserve System, July 17, 2018.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2018-15518 Filed 7-19-18; 8:45 am]
 BILLING CODE 6210-01-P

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

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Federal Register / Vol. 83, No. 140 / Friday, July 20, 2018 / Notices 34579

collections of information. Copies of the 4(c)(14), and 5(c) of the Bank Holding adopting a proposal to extend for three
Paperwork Reduction Act Submission, Company Act (12 U.S.C. 1843(c)(13), years, with revision, the International
supporting statements and approved 1843(c)(14), 1844(c)). The information Applications and Prior Notifications
collection of information instrument(s) submitted in the FR K–1 is considered Under Subpart B of Regulation K (FR K–
are placed into OMB’s public docket to be public unless an institution 2; OMB No. 7100–0284).
files. The Board may not conduct or requests confidential treatment for DATES: The revisions are applicable as of
sponsor, and the respondent is not portions of the particular application or July 31, 2018.
required to respond to, an information notification. Applicants may rely on any FOR FURTHER INFORMATION CONTACT:
collection that has been extended, Freedom of Information Act (FOIA) Federal Reserve Board Clearance
revised, or implemented on or after exemption, but such requests for Officer—Nuha Elmaghrabi—Office of
October 1, 1995, unless it displays a confidentiality must contain detailed the Chief Data Officer, Board of
currently valid OMB control number. justifications corresponding to the
Governors of the Federal Reserve
claimed FOIA exemption. Any requests
Final Approval Under OMB Delegated System, Washington, DC 20551 (202)
for confidentiality will be evaluated on
Authority of the Extension for Three 452–3829. Telecommunications Device
a case-by-case basis.
Years, With Revision, of the Following Effective date: July 31, 2018. for the Deaf (TDD) users may contact
Report Current actions: On March 23, 2018, (202) 263–4869, Board of Governors of
the Board published a notice in the the Federal Reserve System,
Report title: International
Federal Register (83 FR 12761) Washington, DC 20551.
Applications and Prior Notifications
requesting public comment for 60 days OMB Desk Officer—Shagufta
under Subparts A and C of Regulation
on the extension, with revision, of the Ahmed—Office of Information and
K.
Agency form number: FR K–1. FR K–1. The Board proposed to revise Regulatory Affairs, Office of
OMB control number: 7100–0107. the FR K–1 form and instructions Management and Budget, New
Frequency: On occasion. primarily to make minor changes for Executive Office Building, Room 10235,
Respondents: Member banks, Edge improved style, grammar, and clarity, 725 17th Street NW, Washington, DC
and agreement corporations, bank and to align the general information, 20503 or by fax to (202) 395–6974.
holding companies (BHCs), and foreign certification, and confidentiality SUPPLEMENTARY INFORMATION: On June
organizations. sections with other similar forms.1 In 15, 1984, the Office of Management and
Estimated number of respondents: addition, a statement has been added Budget (OMB) delegated to the Board
Attachments A and B, 5; Attachments C indicating that the Board prefers that authority under the Paperwork
through G, 15; Attachments H and I, 12; applicants/notificants electronically Reduction Act (PRA) to approve of and
Attachment J, 2; Attachment K, 1. submit the application/notification and assign OMB control numbers to
Estimated average hours per response: that a pre-filing option is available. No collection of information requests and
Attachments A and B, 11.5 hours; changes have been made to the requirements conducted or sponsored
Attachments C through G, 10 hours; information required in the various by the Board. Board-approved
Attachments H and I, 15.5 hours; attachments to the FR K–1 form. The collections of information are
Attachment J, 10 hours; Attachment K, comment period for this notice expired incorporated into the official OMB
20 hours. on May 22, 2018. The Board did not inventory of currently approved
Estimated annual burden hours: 1,013 receive any comments. Accordingly, the collections of information. Copies of the
hours. revisions will be implemented as Paperwork Reduction Act Submission,
General description of collection: proposed. supporting statements and approved
Subpart A of the Board’s Regulation K collection of information instrument(s)
Board of Governors of the Federal Reserve
governs the foreign investments and System, July 17, 2018. are placed into OMB’s public docket
activities of member banks, Edge and Michele Taylor Fennell, files. The Board may not conduct or
agreement corporations, BHCs, and sponsor, and the respondent is not
Assistant Secretary of the Board.
certain investments by foreign required to respond to, an information
[FR Doc. 2018–15518 Filed 7–19–18; 8:45 am]
organizations. Subpart C of Regulation K collection that has been extended,
BILLING CODE 6210–01–P
governs investments in export trading revised, or implemented on or after
companies. The FR K–1 information October 1, 1995, unless it displays a
collection contains eleven attachments currently valid OMB control number.
FEDERAL RESERVE SYSTEM
for the application and notification
requirements embodied in Subparts A Final Approval Under OMB Delegated
Agency Information Collection Authority of the Extension for Three
and C of Regulation K. The Board Activities: Announcement of Board
requires these applications for Years, With Revision, of the Following
Approval Under Delegated Authority Report
regulatory and supervisory purposes and Submission to OMB
and to allow the Board to fulfill its Report title: International
statutory obligations under the Federal AGENCY: Board of Governors of the Applications and Prior Notifications
Reserve Act and the Bank Holding Federal Reserve System. Under Subpart B of Regulation K.
Company Act of 1956. The applications ACTION: Notice. Agency form number: FR K–2.
are event-generated and provide the OMB control number: 7100–0284.
SUMMARY: The Board of Governors of the
Federal Reserve with information Frequency: On occasion.
Federal Reserve System (Board) is
necessary to evaluate each of the Respondents: Foreign banks.
daltland on DSKBBV9HB2PROD with NOTICES

proposed transactions. 1 Bank Holding Company Application and
Estimated number of respondents: 14.
Legal authorization and Notification Forms (FR Y–3, FR Y–3N, and FR Y– Estimated average hours per response:
confidentiality: This information 4; OMB No. 7100–0121), the International 36 hours.
collection is mandatory and collected Applications and Prior Notifications Under Subpart Estimated annual burden hours: 504
B of Regulation K (FR K–2; OMB No. 7100–0284),
pursuant to sections 25 and 25A of the and the Application for a Foreign Organization to
hours.
Federal Reserve Act (12 U.S.C. 601– Acquire a U.S. Bank or Bank Holding Company (FR General description of collection:
604(a), 611–631), and sections 4(c)(13), Y–3F; OMB No. 7100–0119). Foreign banks are required to obtain the

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Document Created: 2018-07-20 01:18:07
Document Modified: 2018-07-20 01:18:07

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		On March 23, 2018, the Board published a notice in the Federal Register (83 FR 12761) requesting public comment for 60 days on the extension, with revision, of the FR K-1. The Board proposed 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. 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.
Dates		July 31, 2018.
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.
FR Citation		83 FR 34578