83 FR 61635 - Proposed Agency Information Collection Activities; Comment Request
FEDERAL RESERVE SYSTEM Federal Register Volume 83, Issue 231 (November 30, 2018)
Federal Register Volume 83, Issue 231 (November 30, 2018)
| Page Range | 61635-61636 | |
| FR Document | 2018-26089 |
[Federal Register Volume 83, Number 231 (Friday, November 30, 2018)] [Notices] [Pages 61635-61636] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-26089] [[Page 61635]] ======================================================================= ----------------------------------------------------------------------- FEDERAL RESERVE SYSTEM Proposed Agency Information Collection Activities; Comment Request AGENCY: Board of Governors of the Federal Reserve System. ACTION: Notice, request for comment. ----------------------------------------------------------------------- SUMMARY: The Board of Governors of the Federal Reserve System (Board) invites comment on a proposal to extend for three years, with revision, the Application to Become a Savings and Loan Holding Company or to Acquire a Savings Association or Savings and Loan Holding Company (FR LL-10(e); OMB No. 7100-0336). DATES: Comments must be submitted on or before January 29, 2019. ADDRESSES: You may submit comments, identified by FR LL-10(e), by any of the following methods:Agency website: http://www.federalreserve.gov. Follow the instructions for submitting comments at http://www.federalreserve.gov/apps/foia/proposedregs.aspx. Email: regs.comments@federalreserve.gov. Include OMB number in the subject line of the message. Fax: (202) 452-3819 or (202) 452-3102. Mail: Ann E. Misback, Secretary, Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue NW, Washington, DC 20551. All public comments are available from the Board's website at http://www.federalreserve.gov/apps/foia/proposedregs.aspx as submitted, unless modified for technical reasons. Accordingly, your comments will not be edited to remove any identifying or contact information. Public comments may also be viewed electronically or in paper form in Room 3515, 1801 K Street NW (between 18th and 19th Streets NW), Washington, DC 20006 between 9 a.m. and 5 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 Under OMB Delegated Authority To Extend for Three Years, With Revision, the Following Information Collection Report title: Application to Become a Savings and Loan Holding Company or to Acquire a Savings Association or Savings and Loan Holding Company. Agency form number: FR LL-10(e). OMB control number: 7100-0336. Frequency: Event generated. Respondents: Entities seeking prior approval to become or acquire a savings and loan holding company (SLHC). Estimated number of respondents: 15. Estimated average hours per response: 60. Estimated annual burden hours: 900. General description of report: This collection of information consists of information that must be filed in connection with certain proposals involving the formation, acquisition, or merger of an SLHC. The Board requires the submission of this filing from an applicant for regulatory and supervisory purposes and to allow the Board to fulfill its statutory obligations to review these transactions under section 10(e) of the Home Owners' Loan Act (HOLA) and the Board's Regulation LL--Savings and Loan Holding Companies. The Board uses the information submitted by applicants to evaluate these transactions with respect to the financial and managerial resources and future prospects of the company(ies) and savings association(s) involved, the effect of the acquisition on the savings association(s), the insurance risk to the Deposit Insurance Fund, the convenience and needs of communities to be served, and competitive effects.\1\ --------------------------------------------------------------------------- \1\ See 12 U.S.C. 1467a(e)(2). --------------------------------------------------------------------------- Proposed revisions: The Board proposes to change the name and title of its current Form H-(e), which the Board inherited from the Office of Thrift Supervision (OTS) when the OTS's supervisory authority over SLHCs was transferred to the Board, to Application to Become a Savings and Loan Holding Company or to Acquire a Savings Association or Savings and Loan Holding Company (FR LL-10(e)), and to make numerous other revisions to this collection of information. These changes would make the form consistent with [[Page 61636]] the format of other Board forms; incorporate information on the Board's policies and procedures for processing applications; improve the clarity of the information requests; reflect the impact of new laws, regulations, capital requirements, and accounting rules; and delete information requests that are not typically useful for the analysis of a proposed transaction. The revisions also are intended to increase transparency by ensuring that initial filings include the information that the Federal Reserve System requires to evaluate a transaction and thereby reducing the need for subsequent information requests, which may delay the Board's consideration of a filing and create additional burden for filers. Legal authorization and confidentiality: The FR LL-10(e) is authorized pursuant to Section 10(b)(2) of the Home Owners' Loan Act (12 U.S.C. 1467a(b)) and is mandatory. The information on the FR LL- 10(e) is not considered confidential unless the applicant requests confidential treatment pursuant to exemption 4 (confidential business information) or 6 (confidential personal information) of the Freedom of Information Act, 5 U.S.C. 552(b)(4) and (b)(6). All such requests for confidential treatment would be reviewed on a case-by-case basis. Board of Governors of the Federal Reserve System, November 27, 2018. Michele Taylor Fennell, Assistant Secretary of the Board. [FR Doc. 2018-26089 Filed 11-29-18; 8:45 am] BILLING CODE 6210-01-P
![61636 Federal Register / Vol. 83, No. 231 / Friday, November 30, 2018 / Notices
the format of other Board forms; • Email: regs.comments@ Reduction Act (PRA) to approve of and
incorporate information on the Board’s federalreserve.gov. Include OMB assign OMB control numbers to
policies and procedures for processing number in the subject line of the collection of information requests and
applications; improve the clarity of the message. requirements conducted or sponsored
information requests; reflect the impact • Fax: (202) 452–3819 or (202) 452– by the Board. In exercising this
of new laws, regulations, capital 3102. delegated authority, the Board is
requirements, and accounting rules; and • Mail: Ann E. Misback, Secretary, directed to take every reasonable step to
delete information requests that are not Board of Governors of the Federal solicit comment. In determining
typically useful for the analysis of a Reserve System, 20th Street and whether to approve a collection of
proposed transaction. The revisions also Constitution Avenue NW, Washington, information, the Board will consider all
are intended to increase transparency by DC 20551. comments received from the public and
ensuring that initial filings include the All public comments are available from other agencies.
information that the Federal Reserve the Board’s website at https:// Request for Comment on Information
System requires to evaluate a www.federalreserve.gov/apps/foia/ Collection Proposal
transaction and thereby reducing the proposedregs.aspx as submitted, unless
need for subsequent information modified for technical reasons or to The Board invites public comment on
requests, which may delay the Board’s remove sensitive PII (personally the following information collection,
consideration of a filing and create identifiable information) at the which is being reviewed under
additional burden for filers. commenter’s request. Public comments authority delegated by the OMB under
Legal authorization and may also be viewed electronically or in the PRA. Comments are invited on the
confidentiality: The FR LL–10(e) is paper form in Room 3515, 1801 K Street following:
authorized pursuant to Section 10(b)(2) a. Whether the proposed collection of
NW. (between 18th and 19th Streets
of the Home Owners’ Loan Act (12 information is necessary for the proper
NW), Washington, DC 20006 between 9
U.S.C. 1467a(b)) and is mandatory. The performance of the Board’s functions;
a.m. and 5 p.m. on weekdays. For
information on the FR LL–10(e) is not including whether the information has
security reasons, the Board requires that
considered confidential unless the practical utility;
visitors make an appointment to inspect b. The accuracy of the Board’s
applicant requests confidential comments. You may do so by calling
treatment pursuant to exemption 4 estimate of the burden of the proposed
(202) 452–3684. Upon arrival, visitors information collection, including the
(confidential business information) or 6 will be required to present valid
(confidential personal information) of validity of the methodology and
government-issued photo identification assumptions used;
the Freedom of Information Act, 5 and to submit to security screening in
U.S.C. 552(b)(4) and (b)(6). All such c. Ways to enhance the quality,
order to inspect and photocopy utility, and clarity of the information to
requests for confidential treatment comments.
would be reviewed on a case-by-case be collected;
Additionally, commenters may send a d. Ways to minimize the burden of
basis. copy of their comments to the OMB information collection on respondents,
Board of Governors of the Federal Reserve Desk Officer—Shagufta Ahmed—Office including through the use of automated
System, November 27, 2018. of Information and Regulatory Affairs, collection techniques or other forms of
Michele Taylor Fennell, Office of Management and Budget, New information technology; and
Assistant Secretary of the Board. Executive Office Building, Room 10235, e. Estimates of capital or startup costs
[FR Doc. 2018–26089 Filed 11–29–18; 8:45 am] 725 17th Street NW, Washington, DC and costs of operation, maintenance,
BILLING CODE 6210–01–P 20503 or by fax to (202) 395–6974. and purchase of services to provide
FOR FURTHER INFORMATION CONTACT: A information.
copy of the PRA OMB submission, At the end of the comment period, the
FEDERAL RESERVE SYSTEM including the proposed reporting form comments and recommendations
and instructions, supporting statement, received will be analyzed to determine
Proposed Agency Information and other documentation will be placed the extent to which the Board should
Collection Activities; Comment into OMB’s public docket files, once modify the proposal prior.
Request approved. These documents will also be
Proposal To Approve Under OMB
AGENCY: Board of Governors of the made available on the Board’s public
Delegated Authority the Extension for
Federal Reserve System. website at: http://
Three Years, Without Revision, of the
ACTION: Notice, request for comment. www.federalreserve.gov/apps/
Following Report
reportforms/review.aspx or may be
SUMMARY: The Board of Governors of the requested from the agency clearance Report title: Domestic Branch
Federal Reserve System (Board) invites officer, whose name appears below. Notification.
comment on a proposal to extend for Federal Reserve Board Clearance Agency form number: FR 4001.
three years, without revision, the Officer—Nuha Elmaghrabi—Office of OMB control number: 7100–0097.
Domestic Branch Notification (FR 4001; the Chief Data Officer, Board of Frequency: On Occasion.
Respondents: State member banks
OMB No. 7100–0097). Governors of the Federal Reserve
(SMBs).
DATES: Comments must be submitted on System, Washington, DC 20551 (202) Estimated number of respondents:
or before January 29, 2019. 452–3829. Telecommunications Device 320.
ADDRESSES: You may submit comments, for the Deaf (TDD) users may contact Estimated average hours per response:
amozie on DSK3GDR082PROD with NOTICES1
identified by FR 4001, by any of the (202) 263–4869, Board of Governors of Expedited notifications, 1.5 hours; and
following methods: the Federal Reserve System, nonexpedited notifications, 2 hours.
• Agency website: http:// Washington, DC 20551. Estimated annual burden hours:
www.federalreserve.gov. Follow the SUPPLEMENTARY INFORMATION: On June Expedited notifications, 98 hours; and
instructions for submitting comments at 15, 1984, the Office of Management and nonexpedited notifications, 510 hours.
https://www.federalreserve.gov/apps/ Budget (OMB) delegated to the Board General description of report: The
foia/proposedregs.aspx. authority under the Paperwork Federal Reserve Act and the Board’s
VerDate Sep<11>2014 17:00 Nov 29, 2018 Jkt 247001 PO 00000 Frm 00038 Fmt 4703 Sfmt 4703 E:\FR\FM\30NON1.SGM 30NON1](https://thefederalregister.org/doc/83_FR_61866/page/2.svg)
Document Created: 2018-11-30 04:36:26
Document Modified: 2018-11-30 04:36:26
| 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 29, 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 61635 |
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