83 FR 34580 - 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		34580-34581
FR Document		2018-15520

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

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

[Federal Register Volume 83, Number 140 (Friday, July 20, 2018)]
[Notices]
[Pages 34580-34581]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-15520]


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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

-----------------------------------------------------------------------

SUMMARY: The Board of Governors of the Federal Reserve System (Board) 
is adopting 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: 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 Prior Approval to Become a Bank 
Holding Company, or for a Bank Holding Company to Acquire an Additional 
Bank or Bank Holding Company; 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; and Notification for Prior 
Approval to Engage Directly or Indirectly in Certain Nonbanking 
Activities.
    Agency form number: FR Y-3, FR Y-3N, and FR Y-4.
    OMB control number: 7100-0121.
    Frequency: Event-generated.
    Respondents: 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

[[Page 34581]]

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.
    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, 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.
    Current actions: On March 23, 2018, the Board published a notice in 
the Federal Register (83 FR 12758) requesting public comment for 60 
days on the extension, with revision, of the FR Y-3, FR Y-3N, and FR Y-
4. 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. 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. 2018-15520 Filed 7-19-18; 8:45 am]
 BILLING CODE 6210-01-P

34580 Federal Register / Vol. 83, No. 140 / Friday, July 20, 2018 / Notices

prior approval of the Federal Reserve to on May 22, 2018. The Board did not collection of information requests and
establish a branch, agency, or receive any comments. Accordingly, the requirements conducted or sponsored
representative office in the United revisions will be implemented as by the Board. Board-approved
States; to acquire ownership or control proposed. collections of information are
of a commercial lending company in the Board of Governors of the Federal Reserve incorporated into the official OMB
United States; or to change the status of System, July 17, 2018. inventory of currently approved
any existing office in the United States. Michele Taylor Fennell, collections of information. Copies of the
The FR K–2 information collection Paperwork Reduction Act Submission,
Assistant Secretary of the Board.
contains five attachments for the supporting statements and approved
[FR Doc. 2018–15519 Filed 7–19–18; 8:45 am]
application and notification collection of information instrument(s)
BILLING CODE 6210–01–P
requirements embodied in subpart B of are placed into OMB’s public docket
Regulation K. The Federal Reserve uses files. The Board may not conduct or
the information to fulfill its statutory sponsor, and the respondent is not
obligations under the International FEDERAL RESERVE SYSTEM
required to respond to, an information
Banking Act. Agency Information Collection collection that has been extended,
The applicant also is required to revised, or implemented on or after
Activities: Announcement of Board
publish a notice in a newspaper of October 1, 1995, unless it displays a
Approval Under Delegated Authority
general circulation in the community currently valid OMB control number.
and Submission to OMB
where the office is proposed to be
located. The notice must state the name AGENCY: Board of Governors of the Final Approval Under OMB Delegated
and address of the applicant/notificant Federal Reserve System. Authority of the Extension for Three
and the proposed office, and it must Years, With Revision, of the Following
ACTION: Notice
invite the public to submit written Report
comments to the appropriate Reserve SUMMARY: The Board of Governors of the Report title: Application for Prior
Bank. Federal Reserve System (Board) is Approval to Become a Bank Holding
Legal authorization and adopting a proposal to extend for three Company, or for a Bank Holding
confidentiality: This information years, with revision, the Bank Holding Company to Acquire an Additional
collection is mandatory and collected Company Application and Notification Bank or Bank Holding Company;
pursuant to sections 7, 10, and 13 of the Forms (OMB No. 7100–0121): The Notification for Prior Approval to
International Banking Act (12 U.S.C. Application for Prior Approval to Become a Bank Holding Company, or
3105, 3107, and 3108). The information Become a Bank Holding Company or for for a Bank Holding Company to Acquire
collected on the FR K–2 is normally a Bank Holding Company to Acquire an an Additional Bank or Bank Holding
subject to public disclosure under the Additional Bank or Bank Holding Company; and Notification for Prior
Freedom of Information Act (FOIA). The Company (FR Y–3), the Notification for Approval to Engage Directly or
applying or notifying organization may Prior Approval to Become a Bank Indirectly in Certain Nonbanking
request that portions of the information Holding Company or for a Bank Holding Activities.
contained in the FR K–2 be afforded Company to Acquire an Additional Agency form number: FR Y–3,
confidential treatment. To do so, Bank or Bank Holding Company FR Y–3N, and FR Y–4.
applicants must demonstrate how the (FR Y–3N), and the Notification for OMB control number: 7100–0121.
information for which confidentiality is Prior Approval to Engage Directly or Frequency: Event-generated.
requested would fall within the scope of Indirectly in Certain Nonbanking Respondents: Corporations seeking to
one or more of the exemptions Activities (FR Y–4). become bank holding companies (BHCs)
contained in the FOIA. Any such DATES: The revisions are applicable as of and existing BHCs.
request would be evaluated on a case- July 31, 2018. Estimated average hours per response:
by-case basis. FR Y–3, Section 3(a)(1): 50 hours; FR Y–
Effective date: July 31, 2018. FOR FURTHER INFORMATION CONTACT:
3, Section 3(a)(3) and 3(a)(5): 60.5 hours;
Current actions: On March 23, 2018, Federal Reserve Board Clearance FR Y–3N, Sections 3(a)(1), 3(a)(3), and
the Board published a notice in the Officer—Nuha Elmaghrabi—Office of 3(a)(5): 5 hours; FR Y–4, complete
Federal Register (83 FR 12760) the Chief Data Officer, Board of notification: 12 hours; FR Y–4,
requesting public comment for 60 days Governors of the Federal Reserve expedited notification: 5 hours; and FR
on the extension, with revision, of the System, Washington, DC 20551 (202) Y–4, post-consummation: 0.5 hours.
FR K–2. The Board proposed to revise 452–3829. Telecommunications Device Estimated number of respondents: FR
the FR K–2 form and instructions in for the Deaf (TDD) users may contact Y–3, Section 3(a)(1): 81; FR Y–3, Section
order to: Improve the clarity of the (202) 263–4869, Board of Governors of 3(a)(3) and 3(a)(5): 136; FR Y–3N,
requests; reflect the impact of new laws, the Federal Reserve System, Sections 3(a)(1), 3(a)(3), and 3(a)(5): 26;
regulations, capital requirements, and Washington, DC 20551. FR Y–4, complete notification: 30; FR
accounting rules; make minor changes OMB Desk Officer—Shagufta Y–4, expedited notification: 11; and FR
for improved style, grammar and clarity; Ahmed—Office of Information and Y–4, post-consummation: 1.
and harmonize the general information, Regulatory Affairs, Office of Estimated annual burden hours:
certification, and confidentiality Management and Budget, New 12,824 hours.
sections with other similar forms. The Executive Office Building, Room 10235, General description of report: The
revisions are intended to make initial 725 17th Street NW, Washington, DC Federal Reserve requires the submission
daltland on DSKBBV9HB2PROD with NOTICES

filings more reflective of the proposed 20503 or by fax to (202) 395–6974. of these filings for regulatory and
transaction and thereby reduce the need SUPPLEMENTARY INFORMATION: On June supervisory purposes and to allow the
for subsequent information requests, 15, 1984, the Office of Management and Federal Reserve to fulfill its statutory
which delay the Federal Reserve’s Budget (OMB) delegated to the Board obligations under the Bank Holding
consideration of a filing and create authority under the Paperwork Company Act of 1956 (the BHC Act).
additional burden for filers. The Reduction Act (PRA) to approve of and These filings collect information on
comment period for this notice expired assign OMB control numbers to proposals by BHCs involving

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Federal Register / Vol. 83, No. 140 / Friday, July 20, 2018 / Notices 34581

formations, acquisitions, mergers, and a proposal. The revisions are intended Follow the instructions provided on the
nonbanking activities. The Federal to make initial filings better reflect and screen. Please include your name,
Reserve uses this information to include the information that Board staff company name (if any), and
evaluate each individual transaction requires to evaluate a transaction and ‘‘Information Collection 9000–0188,
with respect to financial and managerial thereby reduce the need for subsequent Combating Trafficking in Persons,’’ on
factors, permissibility, competitive information requests, which may delay your attached document.
effects, net public benefits, financial the Board’s consideration of a filing and • Mail: General Services
stability, and the impact on the create additional burden for filers. The Administration, Regulatory Secretariat
convenience and needs of affected comment period for this notice expired Division (MVCB), 1800 F Street NW,
communities. on May 22, 2018. The Board did not Washington, DC 20405. ATTN: Ms.
The applicant or notificant also is receive any comments. Accordingly, the Mandell/IC 9000–0188, Combating
required to publish a notice in a revisions will be implemented as Trafficking in Persons.
newspaper of general circulation in the proposed. Instructions: Please submit comments
community where the head office of the only and cite Information Collection
Board of Governors of the Federal Reserve
bank to be acquired is located. The System, July 17, 2018. 9000–0188, Combating Trafficking in
notice must state the name and address Persons, in all correspondence related to
Michele Taylor Fennell,
of the applicant and its proposed this collection. Comments received
subsidiary, and it must invite the public Assistant Secretary of the Board.
generally will be posted without change
to submit written comments to the [FR Doc. 2018–15520 Filed 7–19–18; 8:45 am]
to regulations.gov, including any
appropriate Federal Reserve Bank. BILLING CODE 6210–01–P
personal and/or business confidential
Legal authorization and information provided. To confirm
confidentiality: The FR Y–3 application receipt of your comment(s), please
and FR Y–3N notification are mandatory DEPARTMENT OF DEFENSE check regulations.gov, approximately
and submitted pursuant to section 3(a) two-to-three business days after
of the BHC Act, which requires Board GENERAL SERVICES
submission to verify posting (except
approval for formations, acquisitions, ADMINISTRATION
allow 30 days for posting of comments
and mergers of bank holding companies submitted by mail).
(12 U.S.C. 1842(a)), and section 5(b) of NATIONAL AERONAUTICS AND
SPACE ADMINISTRATION FOR FURTHER INFORMATION CONTACT: Ms.
the BHC Act, which authorizes the
Board to issue regulations and orders to Cecelia L. Davis, Procurement Analyst,
[OMB Control No. 9000–0188; Docket No. Acquistion Policy Division, via
carry out these functions (12 U.S.C. 2018–0003; Sequence No. 1]
1844(b)). The FR Y–4 notification is telephone 202–219–0202, or via email
mandatory and submitted pursuant to cecelia.davis@gsa.gov.
Submission for OMB Review;
section 4(j) of the BHC Act, which Combating Trafficking in Persons SUPPLEMENTARY INFORMATION:
requires BHCs to give advance written A. Purpose
notice to the Board of any nonbanking AGENCY: Department of Defense (DOD),
activities (12 U.S.C. 1843(j)), and section General Services Administration (GSA), This is a requirement for a revision
5(b) of the BHC Act (12 U.S.C. 1844(b)), and National Aeronautics and Space and renewal of OMB control number
described above. Administration (NASA). 9000–0188, Combating Trafficking in
The information submitted in the FR ACTION: Notice. Persons.
Y–3, Y–3N, and Y–4 is considered to be Executive Order (E.O.) 13627, entitled
public unless an institution requests SUMMARY: Under the provisions of the Strengthening Protections Against
confidential treatment for portions of Paperwork Reduction Act, the Trafficking in Persons in Federal
the particular application or Regulatory Secretariat Division (MVCB) Contracts, dated September 25, 2012 (77
notification. Applicants may rely on any will be submitting to the Office of FR 60029, October 2, 2012) and Title
Freedom of Information Act exemption, Management and Budget a request and XVII of the National Defense
and such requests for confidentiality an extension of existing OMB Authorization Act for Fiscal Year 2013
must contain detailed justifications Clearances concerning combating (Pub. L. 112–239, enacted January 2,
corresponding to the claimed trafficking in persons. 2013) strengthen the long standing zero-
exemption. Requests for confidentiality DATES: Submit comments on or before tolerance policy of the United States
will be evaluated on a case-by-case August 20, 2018. regarding Government employees and
basis. ADDRESSES: Submit comments regarding contractor personnel engaging in any
Effective date: July 31, 2018. this burden estimate or any other aspect form of trafficking in persons.
Current actions: On March 23, 2018, of this collection of information, Contractors are required to inform the
the Board published a notice in the including suggestions for reducing this contracting officer and the agency
Federal Register (83 FR 12758) burden to: Office of Information and Inspector General of any credible
requesting public comment for 60 days Regulatory Affairs of OMB, Attention: information it receives from any source
on the extension, with revision, of the Desk Officer for GSA, Room 10236, that alleges a contractor employee,
FR Y–3, FR Y–3N, and FR Y–4. The NEOB, Washington, DC 20503. subcontractor, or subcontractor
Board proposes to revise the FR Y–3, FR Additionally submit a copy to GSA by employee, or their agent has engaged in
Y–3N, and FR Y–4 forms and any of the following methods: conduct that violates the policy in
instructions in order to improve the • Regulations.gov: http:// paragraph (b) of the clause 52.222–50.
daltland on DSKBBV9HB2PROD with NOTICES

clarity of the requests; reflect the impact www.regulations.gov. Submit comments This requirement flows down to all
of new laws, regulations, capital via the Federal eRulemaking portal by subcontractors.
requirements and accounting rules; searching the OMB control number Additional protections are required
delete items that are not typically useful 9000–0188. Select the link ‘‘Comment where the estimated value of the
for the analysis of the proposal; and add Now’’ that corresponds with supplies (other than commercially
transparency for filers regarding the ‘‘Information Collection 9000–0188, available off-the-shelf (COTS) items) to
information that is required to consider Combating Trafficking in Persons.’’ be acquired outside the United States or

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Document Created: 2018-07-20 01:19:18
Document Modified: 2018-07-20 01:19:18

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
Dates		The revisions are applicable as of 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 34580