83 FR 55366 - Proposed Agency Information Collection Activities; Comment Request
FEDERAL RESERVE SYSTEM Federal Register Volume 83, Issue 214 (November 5, 2018)
Federal Register Volume 83, Issue 214 (November 5, 2018)
| Page Range | 55366-55368 | |
| FR Document | 2018-24118 |
[Federal Register Volume 83, Number 214 (Monday, November 5, 2018)] [Notices] [Pages 55366-55368] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-24118] ----------------------------------------------------------------------- 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 Consolidated Holding Company Report of Equity Investments in Nonfinancial Companies (FR Y-12; OMB No. 7100-0300) and the Annual Report of Merchant Banking Investments Held for an Extended Period (FR Y-12A; OMB No. 7100-0300). DATES: Comments must be submitted on or before January 4, 2019. ADDRESSES: You may submit comments, identified by FR Y-12 or FR Y-12A, by any of the following methods:Agency Website: http://www.federalreserve.gov. Follow the instructions for submitting comments at https://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 https://www.federalreserve.gov/apps/foia/proposedregs.aspx as submitted, unless modified for technical reasons or to remove sensitive personally identifiable information at the commenter's request. Public comments may also be viewed electronically or in paper form in Room 3515, 1801 K Street NW (between 18th and 19th Streets NW), Washington, DC 20006 between 9:00 a.m. and 5:00 p.m. on weekdays. For security reasons, the Board requires that visitors make an appointment to inspect comments. You may do so by calling (202) 452-3684. Upon arrival, visitors will be required to present valid government-issued photo identification and to submit to security screening in order to inspect and photocopy comments. 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 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 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 Paperwork Reduction Act (PRA) to approve 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 Board's functions; including whether the information has practical utility; b. The accuracy of the Board'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 Board should modify the proposal. Proposal To Approve Under OMB Delegated Authority the Extension for Three Years, With Revision, of the Following Report Report Title: Consolidated Bank Holding Company Report of Equity Investments in Nonfinancial Companies, and the Annual Report of Merchant Banking Investments Held for an Extended Period. Agency form number: FR Y-12 and FR Y-12A, respectively. OMB control number: 7100-0300. Frequency: FR Y-12, quarterly and semiannually; and FR Y-12A, annually. Reporters: Bank holding companies (BHCs), savings and loan holding companies (SLHCs), U.S. intermediate holding companies (IHCs), and financial holding companies (FHCs) that hold merchant banking investments that are approaching the end of the holding periods permissible under Regulation Y. Estimated annual reporting hours: FR Y-12 quarterly, 1,782 hours; FR Y-12 semiannual, 165 hours; and FR Y-12A, 3,293 hours. Estimated average hours per response: FR Y-12, 16.5 hours; and FR Y-12A, 7.5 hours. Number of respondents: FR Y-12 quarterly, 27; FR Y-12 semiannual, 5; and FR Y-12A, 439. General description of report: The FR Y-12 collects information from certain domestic BHCs, SLHCs, and U.S. intermediate holding companies (collectively, holding companies) on their equity investments in nonfinancial companies. Respondents report the FR Y-12 either quarterly or semiannually based on reporting threshold criteria. The FR Y-12A is filed annually by FHCs that hold merchant banking investments that are approaching the end of the holding periods permissible under Regulation Y (covered investments). Proposed revisions: The Board proposes to revise the FR Y-12 by (1) requiring that dollar values [[Page 55367]] be reported in thousands instead of millions, and (2) no longer requiring firms to report the fax number of the person to be contacted regarding a report submission. The Board proposes to revise the FR Y- 12A by (1) requiring that dollar values be reported in thousands instead of millions, (2) adding an item for the holding period expiration date of the covered investment, (3) expanding the scope of the item where a respondent indicates its plan and schedule for disposition of its covered investment, (4) clarifying that the top-tier FHC should be the filer for each submitted report, (5) adding an item for the RSSD ID of the direct holder of the covered investment, (6) clarifying that an FHC needs to continue to file the report until it ceases to hold the covered investment, (7) no longer requiring firms to report the fax number of the person to be contacted regarding a report submission, and (8) making other minor clarifications throughout the instructions. The proposed revisions to the FR Y-12 would be effective for the March 30, 2019, report date. The proposed revisions to the FR Y-12A would be effective for the December 31, 2019, report date. FR Y-12 and FR Y-12A The Board is proposing to require firms to report dollar values on the FR Y-12 and FR Y-12A reports in thousands instead of millions. Since firms currently file the reports in millions, any amounts reported that are less than $500 thousand round down and are reported as a $0. On the FR Y-12A report, this can cause problems as the Board may not be adequately able to assess a respondent's plan for disposing of its covered investment without knowing the dollar value of the investment. For consistency between the FR Y-12 and FR Y-12A reports, the Board is proposing this change for both reports. The Board is also proposing to remove the item that captures the fax number of the person to be contacted regarding a report submission from the FR Y-12 and FR Y-12A reports, as this information is no longer needed. FR Y-12A Only The Board is proposing to add an item indicating when the permissible holding period expires for a merchant banking investment. As previously mentioned, FHCs are only allowed to hold merchant banking investments for a specified number of years, unless the Board approves an extension request. Currently, the date of expiration for the permissible holding period is not included on the form. As a result, Board staff routinely need to follow up with FHCs for this information. To streamline this process, the Board is proposing to revise the FR Y- 12A to require respondents to indicate the date on which the permissible holding period expires for a covered investment (proposed item 1.a). The Board is also proposing to expand the scope of the existing item where an FHC indicates its plan and schedule for disposition of its covered investment (current item 8). Since FHCs can only hold merchant banking investments for a specified number of years, the FR Y- 12A report currently contains an item where FHCs explain their plans and schedules for disposition of these investments. In reviewing these plans, the Board frequently needs to reach out to the FHCs to obtain more information than is provided in FR Y-12A submissions. For example, the Board may ask about previous efforts to dispose of the covered investment, or any potential challenges related to the disposition. Therefore, the Board is proposing to expand the scope of current item 8 in order to have a more complete picture of the disposition process. This expanded item will streamline the review process for the FR Y-12A report by allowing the Board to ask FHCs fewer follow up questions regarding FR Y-12A submissions. To better incorporate this expanded scope, the Board is proposing to rename this item from `Plan and Schedule for disposition of the Covered Investment' to `Past Efforts and Future Plan, Including Timing, to Achieve Disposition of Covered Investment Within the Holding Period.' The Board is further proposing to clarify that the top-tier FHC should be the filer for each submitted report. Currently, there is diversity in practice among FR Y-12A filers in that some firms file at the FHC level, while other firms file at the direct holder level. The instructions are ambiguous as to which firm within the organization should be the filer. For consistency and clarity, the Board proposes to clarify the instructions to state that all firms should report at the FHC level. On a case-by-case basis, top-tier holding companies can be given exemptions to file certain regulatory reports. In these cases, lower-tier holding companies typically file on their behalf. The proposed revisions to the FR Y-12A would indicate that if the top-tier FHC is exempt from reporting the FR Y-12A report, then a lower-tier holding company must file on its behalf. In conjunction with the proposal to clarify that the top-tier FHC should be the FR Y-12A filer, the Board is also proposing to add an item that requires an FHC to report the RSSD ID of the direct holder of the covered investment within its organization. An RSSD ID is a unique identifier assigned to institutions by the Federal Reserve. The FR Y- 12A report currently has an item for the name and location of the direct holder of the covered investment, but not an item for the RSSD ID of the direct holder. Submission of the RSSD ID of the direct holder will better enable the Board to monitor the covered investment, and will allow the Board to more effectively scope examinations to put more resources towards specific subsidiaries if they are direct holders of covered investments. Finally, the Board is proposing to clarify that an FHC needs to continue to file the FR Y-12A report until the FHC ceases to hold its covered investment. The instructions currently require FHCs to file the report if they hold merchant banking investments for longer than eight years (or 13 years in the case of an investment held through a qualifying private equity fund). An FHC may hold such investments beyond the permissible holding period if it receives Board approval to do so. However, the instructions do not clearly state that an FHC needs to continue to file the FR Y-12 report until it ceases to hold its merchant banking investment, even if the permissible holding period has been extended by the Board. Adding such clarifying language will remove ambiguity about when an FHC can cease reporting the FR Y-12A report. Legal authorization and confidentiality: The Board's Legal Division has determined that the information collected under the FR Y-12 and FR Y- 12A is mandatory and authorized to be collected from BHCs and FHCs pursuant to section 5(c) of the Bank Holding Company Act (BHC ACT) (12 U.S.C. 1844(c)(1)(A)); from SLHCs pursuant to section 10(b)(2) of the Home Owners Loan Act (HOLA) (12 U.S.C. 1467a(b)(2)), as amended by Section 369(8) of the Dodd-Frank Wall Street and Consumer Protection Act (Dodd-Frank Act); and from IHCs pursuant to Section 5(c) of the BHC Act, (12 U.S.C. 1844(c)(1)(A)), as well as pursuant to Sections 102(a)(1) and 165 of the Dodd-Frank Act, (12 U.S.C. 5311(a)(1)) and 5365,\1\ and Regulation YY, 12 CFR 252.153(b)(2). --------------------------------------------------------------------------- \1\ Section 165(b)(2) of Title I of the Dodd-Frank Act, (12 U.S.C. 5365(b)(2)), refers to ``foreign-based bank holding company.'' Section 102(a)(1) of the Dodd-Frank Act, (12 U.S.C. 5311(a)(1)), defines ``bank holding company'' for purposes of Title I of the Dodd-Frank Act to include foreign banking organizations that are treated as bank holding companies under Section 8(a) of the International Banking Act, (12 U.S.C. 3106(a)). The Board has required, pursuant to Section 165(b)(1)(B)(iv) of the Dodd-Frank Act, (12 U.S.C. 5365(b)(1)(B)(iv)), certain of the foreign banking organizations that are subject to section 165 of the Dodd-Frank Act to form U.S. intermediate holding companies. Accordingly, the parent foreign-based organization of a U.S. IHC is treated as a BHC for purposes of the BHC Act and Section 165 of the Dodd-Frank Act. Because Section 5(c) of the BHC Act authorizes the Board to require reports from subsidiaries of BHCs, Section 5(c) provides additional authority to require U.S. IHCs to report the information contained in the FR Y-12 and FR Y-12A reports. --------------------------------------------------------------------------- [[Page 55368]] In addition, with respect to the FR Y-12A report, Section 4(k)(7)(A) of the BHC Act, (12 U.S.C. 1843(k)(7)(A)), authorizes the Board and the Treasury Department to jointly develop implementing regulations governing merchant banking activities for purposes of section 4(k)(4)(H) of the BHC Act. Section 4(k)(4)(H) of the BHC Act, (12 U.S.C. 1843(k)(4)(H)), and subpart J of the Board's Regulation Y, (12 CFR 225.170 et seq.), authorize a BHC that has made an effective FHC election to acquire merchant banking investments that are not otherwise permissible for an FHC. Section 10(c)(2)(H) of HOLA, as amended by Section 606(b) of the Dodd-Frank Act, (12 U.S.C. 1467a(c)(2)(H)), and Section 8(a) of the International Bank Act, (12 U.S.C. 3106(a)), extend certain authorities and requirements of the BHC Act to SLHCs and to foreign banks, respectively. The Board does not consider information collected on the FR Y-12 report to be confidential, and the completed version of this report generally is made available to the public upon request. However, exemption 4 of the Freedom of Information Act (FOIA) provides an exemption from public disclosure for ``trade secrets and commercial or financial information obtained from a person and privileged or confidential.'' (5 U.S.C. 552(b)(4)). Thus, if a respondent feels that disclosure of confidential commercial or financial information on the FR Y-12 report is reasonably likely to result in substantial harm to its competitive position under exemption 4 of the FOIA, the respondent may request confidential treatment for such information pursuant to the Board's Rules Regarding the Availability of Information, 12 CFR 261.15. The Board generally considers the information collected on the FR Y-12A to be confidential under exemption 4 of the FOIA (5 U.S.C. 552(b)(4)). Information reported on the FR Y-12A is competitively sensitive and its release would likely result in substantial harm to the competitive position of an FHC or SLHC. In addition, if the FR Y- 12A data is obtained as a part of an examination or supervision of a financial institution, this information may also be withheld pursuant to exemption 8 of the FOIA, which protects information contained in ``examination, operating, or condition reports'' obtained in the bank supervisory process (5 U.S.C. 552(b)(8)). Board of Governors of the Federal Reserve System, October 29, 2018. Michele Taylor Fennell, Assistant Secretary of the Board. [FR Doc. 2018-24118 Filed 11-2-18; 8:45 am] BILLING CODE 6210-01-P
![55366 Federal Register / Vol. 83, No. 214 / Monday, November 5, 2018 / Notices
Board of Governors of the Federal Reserve screening in order to inspect and c. Ways to enhance the quality,
System, October 31, 2018. photocopy comments. utility, and clarity of the information to
Ann Misback, Additionally, commenters may send a be collected;
Secretary of the Board. copy of their comments to the OMB d. Ways to minimize the burden of
[FR Doc. 2018–24143 Filed 11–2–18; 8:45 am] Desk Officer—Shagufta Ahmed—Office information collection on respondents,
BILLING CODE 6210–01–P of Information and Regulatory Affairs, including through the use of automated
Office of Management and Budget, New collection techniques or other forms of
Executive Office Building, Room 10235, information technology; and
FEDERAL RESERVE SYSTEM 725 17th Street NW, Washington, DC e. Estimates of capital or startup costs
20503 or by fax to (202) 395–6974. and costs of operation, maintenance,
Proposed Agency Information FOR FURTHER INFORMATION CONTACT: A and purchase of services to provide
Collection Activities; Comment copy of the PRA OMB submission, information.
Request including the proposed reporting form At the end of the comment period, the
and instructions, supporting statement, comments and recommendations
AGENCY: Board of Governors of the received will be analyzed to determine
Federal Reserve System. and other documentation will be placed
into OMB’s public docket files, if the extent to which the Board should
ACTION: Notice, request for comment. modify the proposal.
approved. These documents will also be
SUMMARY: The Board of Governors of the made available on the Board’s public Proposal To Approve Under OMB
Federal Reserve System (Board) invites website at: http://www.federalreserve. Delegated Authority the Extension for
comment on a proposal to extend for gov/apps/reportforms/review.aspx or Three Years, With Revision, of the
three years, with revision, the may be requested from the agency Following Report
Consolidated Holding Company Report clearance officer, whose name appears
Report Title: Consolidated Bank
of Equity Investments in Nonfinancial below.
Holding Company Report of Equity
Companies (FR Y–12; OMB No. 7100– Federal Reserve Board Clearance
Investments in Nonfinancial
0300) and the Annual Report of Officer—Nuha Elmaghrabi—Office of
Companies, and the Annual Report of
Merchant Banking Investments Held for the Chief Data Officer, Board of
Merchant Banking Investments Held for
an Extended Period (FR Y–12A; OMB Governors of the Federal Reserve
an Extended Period.
No. 7100–0300). System, Washington, DC 20551, (202)
Agency form number: FR Y–12 and
DATES: Comments must be submitted on 452–3829. Telecommunications Device
FR Y–12A, respectively.
or before January 4, 2019. for the Deaf (TDD) users may contact OMB control number: 7100–0300.
ADDRESSES: You may submit comments, (202) 263–4869, Board of Governors of Frequency: FR Y–12, quarterly and
identified by FR Y–12 or FR Y–12A, by the Federal Reserve System, semiannually; and FR Y–12A, annually.
any of the following methods: Washington, DC 20551. Reporters: Bank holding companies
• Agency Website: http:// SUPPLEMENTARY INFORMATION: On June (BHCs), savings and loan holding
www.federalreserve.gov. Follow the 15, 1984, the Office of Management and companies (SLHCs), U.S. intermediate
instructions for submitting comments at Budget (OMB) delegated to the Board holding companies (IHCs), and financial
https://www.federalreserve.gov/apps/ authority under the Paperwork holding companies (FHCs) that hold
foia/proposedregs.aspx. Reduction Act (PRA) to approve and merchant banking investments that are
• Email: regs.comments@ assign OMB control numbers to approaching the end of the holding
federalreserve.gov. Include OMB collection of information requests and periods permissible under Regulation Y.
number in the subject line of the requirements conducted or sponsored Estimated annual reporting hours: FR
message. by the Board. In exercising this Y–12 quarterly, 1,782 hours; FR Y–12
• Fax: (202) 452–3819 or (202) 452– delegated authority, the Board is semiannual, 165 hours; and FR Y–12A,
3102. directed to take every reasonable step to 3,293 hours.
• Mail: Ann E. Misback, Secretary, solicit comment. In determining Estimated average hours per response:
Board of Governors of the Federal whether to approve a collection of FR Y–12, 16.5 hours; and FR Y–12A, 7.5
Reserve System, 20th Street and information, the Board will consider all hours.
Constitution Avenue NW, Washington, comments received from the public and Number of respondents: FR Y–12
DC 20551. other agencies. quarterly, 27; FR Y–12 semiannual, 5;
All public comments are available and FR Y–12A, 439.
from the Board’s website at https:// Request for Comment on Information General description of report: The FR
www.federalreserve.gov/apps/foia/ Collection Proposal Y–12 collects information from certain
proposedregs.aspx as submitted, unless The Board invites public comment on domestic BHCs, SLHCs, and U.S.
modified for technical reasons or to the following information collection, intermediate holding companies
remove sensitive personally identifiable which is being reviewed under (collectively, holding companies) on
information at the commenter’s request. authority delegated by the OMB under their equity investments in nonfinancial
Public comments may also be viewed the PRA. Comments are invited on the companies. Respondents report the FR
electronically or in paper form in Room following: Y–12 either quarterly or semiannually
3515, 1801 K Street NW (between 18th a. Whether the proposed collection of based on reporting threshold criteria.
and 19th Streets NW), Washington, DC information is necessary for the proper The FR Y–12A is filed annually by
20006 between 9:00 a.m. and 5:00 p.m. performance of the Board’s functions; FHCs that hold merchant banking
on weekdays. For security reasons, the including whether the information has investments that are approaching the
Board requires that visitors make an practical utility; end of the holding periods permissible
appointment to inspect comments. You b. The accuracy of the Board’s under Regulation Y (covered
may do so by calling (202) 452–3684. estimate of the burden of the proposed investments).
Upon arrival, visitors will be required to information collection, including the Proposed revisions: The Board
present valid government-issued photo validity of the methodology and proposes to revise the FR
identification and to submit to security assumptions used; Y–12 by (1) requiring that dollar values
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![55368 Federal Register / Vol. 83, No. 214 / Monday, November 5, 2018 / Notices
In addition, with respect to the FR this information may also be withheld Commission Act, 15 U.S.C. 46(f), and
Y–12A report, Section 4(k)(7)(A) of the pursuant to exemption 8 of the FOIA, FTC Rule 2.34, 16 CFR 2.34, notice is
BHC Act, (12 U.S.C. 1843(k)(7)(A)), which protects information contained in hereby given that the above-captioned
authorizes the Board and the Treasury ‘‘examination, operating, or condition consent agreement containing a consent
Department to jointly develop reports’’ obtained in the bank order to cease and desist, having been
implementing regulations governing supervisory process (5 U.S.C. 552(b)(8)). filed with and accepted, subject to final
merchant banking activities for Board of Governors of the Federal Reserve approval, by the Commission, has been
purposes of section 4(k)(4)(H) of the System, October 29, 2018. placed on the public record for a period
BHC Act. Section 4(k)(4)(H) of the BHC Michele Taylor Fennell, of thirty (30) days. The following
Act, (12 U.S.C. 1843(k)(4)(H)), and Analysis to Aid Public Comment
Assistant Secretary of the Board.
subpart J of the Board’s Regulation Y, describes the terms of the consent
[FR Doc. 2018–24118 Filed 11–2–18; 8:45 am]
(12 CFR 225.170 et seq.), authorize a agreement, and the allegations in the
BHC that has made an effective FHC BILLING CODE 6210–01–P complaint. An electronic copy of the
election to acquire merchant banking full text of the consent agreement
investments that are not otherwise package can be obtained from the FTC
permissible for an FHC. Section FEDERAL TRADE COMMISSION Home Page (for October 25, 2018), on
10(c)(2)(H) of HOLA, as amended by [File No. 181 0152] the World Wide Web, at https://
Section 606(b) of the Dodd-Frank Act, www.ftc.gov/news-events/commission-
(12 U.S.C. 1467a(c)(2)(H)), and Section Marathon Petroleum Corp.; Analysis actions.
8(a) of the International Bank Act, (12 To Aid Public Comment You can file a comment online or on
U.S.C. 3106(a)), extend certain paper. For the Commission to consider
authorities and requirements of the BHC AGENCY: Federal Trade Commission. your comment, we must receive it on or
Act to SLHCs and to foreign banks, ACTION: Proposed Consent Agreement. before November 26, 2018. Write
respectively. ‘‘Marathon Petroleum Corp.; File No.
The Board does not consider SUMMARY: The consent agreement in this 1810152’’ on your comment. Your
information collected on the FR Y–12 matter settles alleged violations of comment—including your name and
report to be confidential, and the federal law prohibiting unfair methods your state—will be placed on the public
completed version of this report of competition. The attached Analysis to record of this proceeding, including, to
generally is made available to the public Aid Public Comment describes both the the extent practicable, on the public
upon request. However, exemption 4 of allegations in the complaint and the Commission website, at https://
the Freedom of Information Act (FOIA) terms of the consent orders—embodied www.ftc.gov/policy/public-comments.
provides an exemption from public in the consent agreement—that would Postal mail addressed to the
disclosure for ‘‘trade secrets and settle these allegations. Commission is subject to delay due to
commercial or financial information DATES: Comments must be received on heightened security screening. As a
obtained from a person and privileged or before November 26, 2018. result, we encourage you to submit your
or confidential.’’ (5 U.S.C. 552(b)(4)). ADDRESSES: Interested parties may file a comments online. To make sure that the
Thus, if a respondent feels that comment online or on paper, by Commission considers your online
disclosure of confidential commercial or following the instructions in the comment, you must file it at https://
financial information on the FR Y–12 Request for Comment part of the ftcpublic.commentworks.com/ftc/
report is reasonably likely to result in SUPPLEMENTARY INFORMATION section marathonpetroleumcorpconsent/ by
substantial harm to its competitive below. Write: ‘‘Marathon Petroleum following the instructions on the web-
position under exemption 4 of the Corp.; File No. 1810152’’ on your based form. If this Notice appears at
FOIA, the respondent may request comment, and file your comment online http://www.regulations.gov/#!home, you
confidential treatment for such at https://ftcpublic.commentworks.com/ also may file a comment through that
information pursuant to the Board’s ftc/marathonpetroleumcorpconsent by website.
Rules Regarding the Availability of If you prefer to file your comment on
following the instructions on the web-
Information, 12 CFR 261.15. paper, write ‘‘Marathon Petroleum
based form. If you prefer to file your
The Board generally considers the Corp.; File No. 1810152’’ on your
comment on paper, write ‘‘Marathon
information collected on the FR Y–12A comment and on the envelope, and mail
Petroleum Corp.; File No. 1810152’’ on
to be confidential under exemption 4 of your comment to the following address:
your comment and on the envelope, and
the FOIA (5 U.S.C. 552(b)(4)). Federal Trade Commission, Office of the
mail your comment to the following
Information reported on the FR Y–12A Secretary, 600 Pennsylvania Avenue
address: Federal Trade Commission,
is competitively sensitive and its release NW, Suite CC–5610 (Annex D),
Office of the Secretary, 600
would likely result in substantial harm Washington, DC 20580, or deliver your
Pennsylvania Avenue NW, Suite CC–
to the competitive position of an FHC or comment to the following address:
5610 (Annex D), Washington, DC 20580,
SLHC. In addition, if the FR Y–12A data Federal Trade Commission, Office of the
or deliver your comment to the
is obtained as a part of an examination Secretary, Constitution Center, 400 7th
following address: Federal Trade
or supervision of a financial institution, Street SW, 5th Floor, Suite 5610 (Annex
Commission, Office of the Secretary,
D), Washington, DC 20024. If possible,
Constitution Center, 400 7th Street SW,
Dodd-Frank Act, (12 U.S.C. 5365(b)(1)(B)(iv)), submit your paper comment to the
5th Floor, Suite 5610 (Annex D),
certain of the foreign banking organizations that are Commission by courier or overnight
subject to section 165 of the Dodd-Frank Act to Washington, DC 20024.
service.
form U.S. intermediate holding companies. FOR FURTHER INFORMATION CONTACT:
Accordingly, the parent foreign-based organization
Because your comment will be placed
of a U.S. IHC is treated as a BHC for purposes of
Helder G. Agostinho (202–326–3415), on the publicly accessible FTC website
the BHC Act and Section 165 of the Dodd-Frank Bureau of Competition, 600 at https://www.ftc.gov, you are solely
Act. Because Section 5(c) of the BHC Act authorizes Pennsylvania Avenue NW, Washington, responsible for making sure that your
the Board to require reports from subsidiaries of DC 20580.
BHCs, Section 5(c) provides additional authority to
comment does not include any sensitive
require U.S. IHCs to report the information SUPPLEMENTARY INFORMATION: Pursuant or confidential information. In
contained in the FR Y–12 and FR Y–12A reports. to Section 6(f) of the Federal Trade particular, your comment should not
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Document Created: 2018-11-03 00:28:15
Document Modified: 2018-11-03 00:28:15
| 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 January 4, 2019. | |
| Contact | A copy of the 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 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 55366 |
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