[Federal Register Volume 79, Number 177 (Friday, September 12, 2014)]
[Notices]
[Pages 54720-54721]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-21793]
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FEDERAL RESERVE SYSTEM
Proposed Agency Information Collection Activities; Comment
Request
AGENCY: Board of Governors of the Federal Reserve System.
SUMMARY: On June 15, 1984, the Office of Management and Budget (OMB)
delegated to the Board of Governors of the Federal Reserve System
(Board) its approval authority under the Paperwork Reduction Act (PRA),
pursuant to 5 CFR 1320.16, to approve of and assign OMB control numbers
to collection of information requests and requirements conducted or
sponsored by the Board under conditions set forth in 5 CFR part 1320
Appendix A.1. 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 instruments are placed into OMB's public docket files. The
Federal Reserve 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.
DATES: Comments must be submitted on or before November 12, 2014.
ADDRESSES: You may submit comments, identified by FR 2070; or FR
2081a,b,c; by any of the following methods:
Agency Web site: http://www.federalreserve.gov. Follow the
instructions for submitting comments at http://www.federalreserve.gov/apps/foia/proposedregs.aspx.
Federal eRulemaking Portal: http://www.regulations.gov.
Follow the instructions for submitting comments.
Email: [email protected]. Include OMB
number in the subject line of the message.
Fax: (202) 452-3819 or (202) 452-3102.
Mail: Robert deV. Frierson, 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 Web site 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 MP-
500 of the Board's Martin Building (20th and C Streets NW.) between
9:00 a.m. and 5:00 p.m. on weekdays.
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, once approved. These documents will also be made
available on the Federal Reserve Board's public Web site 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 Acting Clearance Officer--John Schmidt--
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:
Request for Comment on Information Collection Proposals
The following information collections, which are being handled
under this delegated authority, have received initial Board approval
and are hereby published for comment. At the end of the comment period,
the proposed information collections, along with an analysis of
comments and recommendations received, will be submitted to the Board
for final approval under OMB delegated authority. Comments are invited
on the following:
a. Whether the proposed collection of information is necessary for
the proper performance of the Federal Reserve's functions; including
whether the information has practical utility;
b. The accuracy of the Federal Reserve'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 start up costs and costs of operation,
maintenance, and purchase of services to provide information.
Proposal To Approve Under OMB Delegated Authority the Extension for
Three Years, Without Revision, of the Following Reports
1. Report title: Interagency Bank Merger Act Application.
[[Page 54721]]
Agency form number: FR 2070.
OMB control number: 7100-0171.
Frequency: On occasion.
Reporters: State member banks.
Estimated annual reporting hours: Nonaffiliate Transactions: 1,680
hours; Affiliate Transactions: 198 hours.
Estimated average hours per response: Nonaffiliate Transactions: 30
hours; Affiliate Transactions: 18 hours.
Number of respondents: Nonaffiliate Transactions: 56; Affiliate
Transactions: 11.
General description of report: This information collection is
required pursuant to section 18(c) of the Federal Deposit Insurance Act
(12 U.S.C. 1828(c)) and is not given confidential treatment. However,
applicants may request that parts of a submitted application be kept
confidential. In such cases, the burden is on the applicant to justify
the exemption by demonstrating that disclosure would cause substantial
competitive harm or result in an unwarranted invasion of personal
privacy or would otherwise qualify for an exemption under the Freedom
of Information Act (5 U.S.C. 552). The confidentiality status of the
information submitted will be judged on a case-by-case basis.
Abstract: The Federal Reserve, the Office of the Comptroller of the
Currency, and the Federal Deposit Insurance Corporation (the agencies)
each use this application form to collect information for bank merger
proposals that require prior approval under the Bank Merger Act. Prior
approval is required for every merger transaction involving affiliated
or nonaffiliated institutions and must be sought from the regulatory
agency of the depository institution that would survive the proposed
transaction. A merger transaction may include a merger, consolidation,
assumption of deposit liabilities, or certain asset-transfers between
or among two or more institutions. The Federal Reserve collects this
information so that it may meet its statutory obligation of evaluating
(with respect to every state member bank merger proposal) the
competitive effects, the adequacy of the financial and managerial
resources of the institutions involved, and the effect on the
convenience and needs of the affected communities.
2. Report title: Interagency Notice of Change in Bank Control,
Interagency Notice of Change in Director or Senior Executive Officer,
and Interagency Biographical and Financial Report.
Agency form number: FR 2081a, FR 2081b, and FR 2081c.
OMB control number: 7100-0134.
Frequency: On occasion.
Reporters: Bank holding companies (BHCs), state member banks
(SMBs), and certain of their officers and shareholders.
Estimated annual reporting hours: FR 2081a: 5,040 hours; FR 2081b:
618 hours; FR 2081c: 6,680 hours.
Estimated average hours per response: FR 2081a: 30 hours; FR 2081b:
2 hours; FR 2081c: 4 hours.
Number of respondents: FR 2081a: 168; FR 2081b: 309; FR 2081c:
1,670.
General description of report: The FR 2081a and FR 2081c are
mandatory pursuant to section 7(j) of the Federal Deposit Insurance Act
(12 U.S.C. 1817(j)). The FR 2081b and FR 2081c are mandatory pursuant
to section 914 of the Financial Institutions Reform, Recovery, and
Enforcement Act (12 U.S.C. 1831(i)). This information collection is not
given confidential treatment. The organizations and individuals that
use the forms may request that all or a portion of the submitted
information be kept confidential. In such cases, the burden is on the
filer to justify the exemption by demonstrating that disclosure would
cause substantial competitive harm or result in an unwarranted invasion
of personal privacy or would otherwise qualify for an exemption under
the Freedom of Information Act (5 U.S.C. 552). The confidentiality
status of the information submitted will be determined on a case-by-
case basis.
Abstract: The information collected assists the Federal Reserve,
the Office of the Comptroller of the Currency, and the Federal Deposit
Insurance Corporation (the agencies) in fulfilling their statutory
responsibilities as supervisors. Each of these forms is used to collect
information in connection with applications and notices filed prior to
proposed changes in the ownership or management of banking
organizations. The agencies use the information to evaluate the
controlling owners, senior officers, and directors of the insured
depository institutions subject to their oversight. The information
collected in an Interagency Notice of Change in Bank Control (FR 2081a)
submitted to the Federal Reserve is provided by persons proposing to
make significant investments in a BHC or SMB. The information collected
in the Interagency Notice of Change in Director or Senior Executive
Officer (FR 2081b) is required under Section 914 of the Financial
Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) and
is submitted to the Federal Reserve (under certain circumstances) by a
BHC or SMB making changes in its board of directors or senior executive
officers. The Interagency Biographical and Financial Report (FR 2081c)
is not a stand-alone reporting form; it is a companion reporting form
to the FR 2081a and the FR 2018b (and to other Federal Reserve
information collections) that is used to gather required information
about the individuals involved in various applications and notices.
Board of Governors of the Federal Reserve System, September 9,
2014.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2014-21793 Filed 9-11-14; 8:45 am]
BILLING CODE 6210-01-P