Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 7578-7579 [2012-3192]

Download as PDF 7578 Federal Register / Vol. 77, No. 29 / Monday, February 13, 2012 / Notices FEDERAL ELECTION COMMISSION Sunshine Act Notice Federal Election Commission. Thursday, February 16, 2012 at 10:00 A.M. PLACE: 999 E Street, NW., Washington, DC (Ninth Floor) STATUS: This Meeting Will Be Open to the Public. AGENCY: DATE AND TIME: Items To Be Discussed Correction and Approval of the Minutes for the Meeting of February 2, 2012. Draft Advisory Opinion 2012–02: Wawa, Inc. Draft Advisory Opinion 2012–04: Justice Party of Mississippi. Management and Administrative Matters. Individuals who plan to attend and require special assistance, such as sign language interpretation or other reasonable accommodations, should contact Shawn Woodhead Werth, Secretary, at (202) 694–1040, at least 72 hours prior to the meeting date. PERSON TO CONTACT FOR INFORMATION: Judith Ingram, Press Officer, Telephone: (202) 694–1220. Shawn Woodhead Werth, Secretary of the Commission. [FR Doc. 2012–3425 Filed 2–9–12; 4:15 pm] BILLING CODE 6715–01–P FEDERAL RESERVE SYSTEM Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB Board of Governors of the Federal Reserve System. SUMMARY: Notice is hereby given of the final approval of proposed information collections by the Board of Governors of the Federal Reserve System (Board) under OMB delegated authority, as per 5 CFR 1320.16 (OMB Regulations on Controlling Paperwork Burdens on the Public). 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 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 erowe on DSK2VPTVN1PROD with NOTICES AGENCY: VerDate Mar<15>2010 14:46 Feb 10, 2012 Jkt 226001 displays a currently valid OMB control number. FOR FURTHER INFORMATION CONTACT: Federal Reserve Board Clearance Officer—Cynthia Ayouch—Division of Research and Statistics, 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. Final approval under OMB delegated authority of the extension for three years, without revision, of the following report: Report title: Bank Holding Company Report of Insured Depository Institutions’ Section 23A Transactions with Affiliates. Agency form number: FRY–8. OMB Control number: 7100–0126. Frequency: Quarterly. Reporters: Top-tier bank holding companies (BHCs), including financial holding companies (FHCs), for all insured depository institutions that are owned by the BHC and by foreign banking organizations (FBOs) that directly own a U.S. subsidiary bank. Estimated annual reporting hours: Institutions with covered transactions: 31,294 hours. Institutions without covered transactions: 18,204 hours. Estimated average hours per response: Institutions with covered transactions: 7.8 hours; Institutions without covered transactions: 1 hour. Number of respondents: Institutions with covered transactions, 1,003; Institutions without covered transactions, 4,551. General description of report: This information collection is mandatory pursuant to section 5(c) of the Bank Holding Company Act (12 U.S.C. 1844(c)) and section 225.5(b) of Regulation Y (12 CFR 225.5(b)). The data are confidential pursuant to the Freedom of Information Act (5 U.S.C. 552(b)(4)). Section (b)(4) exempts information deemed competitively sensitive from disclosure. Abstract: This reporting form collects information on transactions between an insured depository institution and its affiliates that are subject to section 23A of the Federal Reserve Act. The primary purpose of the data is to enhance the Federal Reserve’s ability to monitor PO 00000 Frm 00014 Fmt 4703 Sfmt 4703 bank exposures to affiliates and to ensure banks’ compliance with section 23A of the Federal Reserve Act. Section 23A of the Federal Reserve Act is one of the most important statutes on limiting exposures to individual institutions and protecting against the expansion of the federal safety net. Current Actions: On November 10, 2011, the Federal Reserve published a notice in the Federal Register (76 FR 70146) requesting public comment for 60 days on the extension, without revision, of the Bank Holding Company Report of Insured Depository Institutions’ Section 23A Transactions with Affiliates. The comment period for this notice expired on January 9, 2012. The Federal Reserve did not receive any comments. Final approval under OMB delegated authority of the implementation of the following report: Report title: Quarterly Savings and Loan Holding Company Report. Agency form number: FR 2320. OMB Control number: 7100-to be assigned. Effective Date: Implementation of the FR 2320 reporting forms and instructions will be effective as of the March 31, 2012, report date. Frequency: Quarterly. Reporters: Top or lower-tier savings and loan holding companies (SLHCs). Estimated annual reporting hours: 400 hours. Estimated average hours per response: 2.5 hours. Number of respondents: 40. General description of report: This information collection is mandatory pursuant to section 312 of the DoddFrank Act; and section 10 of the Home Owners’ Loan Act (HOLA), as amended by section 369 of the Dodd-Frank Act authorizing the Federal Reserve to collect information on the FR 2320. Public Law 111–203, § 312(b)(1) and 12 U.S.C. 1467a(b)(2), as amended by Public Law 111–201, § 369(8). The Federal Reserve has determined that a few of the data items that the Office of Thrift Supervision (OTS) had deemed confidential—specifically, the FR 2320 counterparts to data items HC850, HC855, and HC860 on Schedule HC of the Thrift Financial Report (TFR; OMB No. 1557–0255)—may be protected from disclosure under exemption 4 of the Freedom of Information Act (FOIA), (5 U.S.C. 552(b)(4)). With regard to the remaining data items the OTS had deemed confidential on Schedule HC, the SLHC may request, in writing, confidential treatment of such information under one or more of the exemptions in FOIA, 5 U.S.C. E:\FR\FM\13FEN1.SGM 13FEN1 erowe on DSK2VPTVN1PROD with NOTICES Federal Register / Vol. 77, No. 29 / Monday, February 13, 2012 / Notices 552(b). All such requests for confidential treatment will be reviewed on a case-by-case basis. Abstract: The FR 2320 will be a quarterly information collection of parent only and consolidated financial and organizational structure data of top and lower tier SLHCs. The data was previously collected on Schedule HC of the TFR. Title III of the Dodd-Frank Act transferred all former OTS authorities (including rulemaking) related to SLHCs to the Federal Reserve on July 21, 2011. Consequently, the Federal Reserve became responsible for the consolidated supervision of SLHCs beginning July 21, 2011. The Federal Reserve will use the data to evaluate a diversified holding company and to determine whether an SLHC is in compliance with applicable laws and regulations. In addition, the data collected will contribute to the analyses of the overall financial condition of SLHCs to ensure safe and sound operations. Current Actions: On November 10, 2011, the Federal Reserve published a notice in the Federal Register (76 FR 70146) requesting public comment for 60 days on the implementation of the Quarterly Savings and Loan Holding Company Report (FR 2320). The comment period for this notice expired on January 9, 2012. The Federal Reserve received three comment letters addressing the proposed implementation of the FR 2320: two from law firms and one from a financial services company. Two commenters requested clarification of the reporting criteria for multi-tiered SLHCs. Also, these commenters asked that the Federal Reserve be flexible when determining which SLHCs within a multi-tiered organization would be required to file the FR 2320. In response to the comments, the Federal Reserve will clarify the FR 2320 instructions to indicate which SLHCs should file the FR 2320. The FR 2320 will generally be filed by the top-tier SLHC if that SLHC is exempt 1 from filing the Federal Reserve’s existing regulatory reports. However, if a top-tier SLHC is not required to file the FR 2320, then a lower-tier SLHC must file FR 2320. Such determination as to which SLHC will be required to file the FR 2320 will be made by the district Federal Reserve Bank. In addition, lower-tier SLHCs may voluntarily file the FR 2320 or may be 1 An exempt SLHC includes: (1) A grandfathered unitary SLHC whose assets are primarily commercial and whose thrifts make up less than 5 percent of its consolidated assets; and (2) a SLHC whose assets are primarily insurance-related and who does not otherwise submit financial reports with the Securities and Exchange Commission. VerDate Mar<15>2010 14:46 Feb 10, 2012 Jkt 226001 required to file (in addition to the toptier SLHC) for safety and soundness purposes at the discretion of the district Federal Reserve Bank. One commenter noted certain data items that were given confidential treatment by the OTS are no longer afforded the same treatment in the FR 2320 and this may be of concern to privately held institutions. After considering these comments, the Federal Reserve believes the data items no longer held as confidential will not cause competitive harm to any institution, publicly or privately held and notes there are several BHCs that are privately held where similar information is made publicly available. However, as noted above, institutions may request, in writing, confidential treatment for any data item in the FR 2320 or for all data items in the report, and confidential treatment will be afforded if the institution is able to establish that disclosure would cause substantial competitive harm. Board of Governors of the Federal Reserve System, February 7, 2012. Jennifer J. Johnson, Secretary of the Board. 7579 noted, nonbanking activities will be conducted throughout the United States. Unless otherwise noted, comments regarding each of these applications must be received at the Reserve Bank indicated or the offices of the Board of Governors not later than March 9, 2012. A. Federal Reserve Bank of Minneapolis (Jacqueline G. King, Community Affairs Officer) 90 Hennepin Avenue, Minneapolis, Minnesota 55480–0291: 1. Western State Agency, Inc. Employee Stock Ownership Plan and Trust, Devils Lake, North Dakota; to acquire an additional 14.44 percent, for a total of 43.25 percent of the voting shares of Western State Agency, Inc., Devils Lake, North Dakota, and thereby indirectly acquire additional voting shares of Western State Bank, Devils Lake, North Dakota. Dated: February 8, 2012. Board of Governors of the Federal Reserve System. Jennifer J. Johnson, Secretary of the Board. [FR Doc. 2012–3256 Filed 2–10–12; 8:45 am] BILLING CODE 6210–01–P [FR Doc. 2012–3192 Filed 2–10–12; 8:45 am] BILLING CODE 6210–01–P GOVERNMENT ACCOUNTABILITY OFFICE FEDERAL RESERVE SYSTEM Formations of, Acquisitions by, and Mergers of Bank Holding Companies The companies listed in this notice have applied to the Board for approval, pursuant to the Bank Holding Company Act of 1956 (12 U.S.C. 1841 et seq.) (BHC Act), Regulation Y (12 CFR part 225), and all other applicable statutes and regulations to become a bank holding company and/or to acquire the assets or the ownership of, control of, or the power to vote shares of a bank or bank holding company and all of the banks and nonbanking companies owned by the bank holding company, including the companies listed below. The applications listed below, as well as other related filings required by the Board, are available for immediate inspection at the Federal Reserve Bank indicated. The applications will also be available for inspection at the offices of the Board of Governors. Interested persons may express their views in writing on the standards enumerated in the BHC Act (12 U.S.C. 1842(c)). If the proposal also involves the acquisition of a nonbanking company, the review also includes whether the acquisition of the nonbanking company complies with the standards in section 4 of the BHC Act (12 U.S.C. 1843). Unless otherwise PO 00000 Frm 00015 Fmt 4703 Sfmt 4703 Debarment, Suspension, and Ineligibility of Contractors AGENCY: Government Accountability Office. ACTION: Policy statement. On September 30, 2011, the Government Accountability Office (GAO) provided notice of its proposed policy to adopt the policies and procedures contained in the Federal Acquisition Regulation (FAR) regarding the debarment, suspension, and ineligibility of government contractors. Comments on GAO’s policy were due on or before November 14, 2011. GAO received two comments. Both comments expressed support for GAO’s efforts to adopt policies and procedures regarding the debarment, suspension, and ineligibility of government contractors. Neither comment suggested any changes to GAO’s policy statement. GAO is adopting, with minor changes, the policy statement published in the Federal Register on September 30, as set forth below. As a legislative branch agency, GAO is not subject to the requirements of the FAR. However, it is GAO’s general policy to follow the FAR, as appropriate and applicable. Mandatory application of the FAR is not to be inferred from SUMMARY: E:\FR\FM\13FEN1.SGM 13FEN1

Agencies

[Federal Register Volume 77, Number 29 (Monday, February 13, 2012)]
[Notices]
[Pages 7578-7579]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-3192]


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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: Notice is hereby given of the final approval of proposed 
information collections by the Board of Governors of the Federal 
Reserve System (Board) under OMB delegated authority, as per 5 CFR 
1320.16 (OMB Regulations on Controlling Paperwork Burdens on the 
Public). 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 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.

FOR FURTHER INFORMATION CONTACT: Federal Reserve Board Clearance 
Officer--Cynthia Ayouch--Division of Research and Statistics, 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.
    Final approval under OMB delegated authority of the extension for 
three years, without revision, of the following report:
    Report title: Bank Holding Company Report of Insured Depository 
Institutions' Section 23A Transactions with Affiliates.
    Agency form number: FRY-8.
    OMB Control number: 7100-0126.
    Frequency: Quarterly.
    Reporters: Top-tier bank holding companies (BHCs), including 
financial holding companies (FHCs), for all insured depository 
institutions that are owned by the BHC and by foreign banking 
organizations (FBOs) that directly own a U.S. subsidiary bank.
    Estimated annual reporting hours: Institutions with covered 
transactions: 31,294 hours. Institutions without covered transactions: 
18,204 hours.
    Estimated average hours per response: Institutions with covered 
transactions: 7.8 hours; Institutions without covered transactions: 1 
hour.
    Number of respondents: Institutions with covered transactions, 
1,003; Institutions without covered transactions, 4,551.
    General description of report: This information collection is 
mandatory pursuant to section 5(c) of the Bank Holding Company Act (12 
U.S.C. 1844(c)) and section 225.5(b) of Regulation Y (12 CFR 225.5(b)). 
The data are confidential pursuant to the Freedom of Information Act (5 
U.S.C. 552(b)(4)). Section (b)(4) exempts information deemed 
competitively sensitive from disclosure.
    Abstract: This reporting form collects information on transactions 
between an insured depository institution and its affiliates that are 
subject to section 23A of the Federal Reserve Act. The primary purpose 
of the data is to enhance the Federal Reserve's ability to monitor bank 
exposures to affiliates and to ensure banks' compliance with section 
23A of the Federal Reserve Act. Section 23A of the Federal Reserve Act 
is one of the most important statutes on limiting exposures to 
individual institutions and protecting against the expansion of the 
federal safety net.
    Current Actions: On November 10, 2011, the Federal Reserve 
published a notice in the Federal Register (76 FR 70146) requesting 
public comment for 60 days on the extension, without revision, of the 
Bank Holding Company Report of Insured Depository Institutions' Section 
23A Transactions with Affiliates. The comment period for this notice 
expired on January 9, 2012. The Federal Reserve did not receive any 
comments.
    Final approval under OMB delegated authority of the implementation 
of the following report:
    Report title: Quarterly Savings and Loan Holding Company Report.
    Agency form number: FR 2320.
    OMB Control number: 7100-to be assigned.
    Effective Date: Implementation of the FR 2320 reporting forms and 
instructions will be effective as of the March 31, 2012, report date.
    Frequency: Quarterly.
    Reporters: Top or lower-tier savings and loan holding companies 
(SLHCs).
    Estimated annual reporting hours: 400 hours.
    Estimated average hours per response: 2.5 hours.
    Number of respondents: 40.
    General description of report: This information collection is 
mandatory pursuant to section 312 of the Dodd-Frank Act; and section 10 
of the Home Owners' Loan Act (HOLA), as amended by section 369 of the 
Dodd-Frank Act authorizing the Federal Reserve to collect information 
on the FR 2320. Public Law 111-203, Sec.  312(b)(1) and 12 U.S.C. 
1467a(b)(2), as amended by Public Law 111-201, Sec.  369(8).
    The Federal Reserve has determined that a few of the data items 
that the Office of Thrift Supervision (OTS) had deemed confidential--
specifically, the FR 2320 counterparts to data items HC850, HC855, and 
HC860 on Schedule HC of the Thrift Financial Report (TFR; OMB No. 1557-
0255)--may be protected from disclosure under exemption 4 of the 
Freedom of Information Act (FOIA), (5 U.S.C. 552(b)(4)).
    With regard to the remaining data items the OTS had deemed 
confidential on Schedule HC, the SLHC may request, in writing, 
confidential treatment of such information under one or more of the 
exemptions in FOIA, 5 U.S.C.

[[Page 7579]]

552(b). All such requests for confidential treatment will be reviewed 
on a case-by-case basis.
    Abstract: The FR 2320 will be a quarterly information collection of 
parent only and consolidated financial and organizational structure 
data of top and lower tier SLHCs. The data was previously collected on 
Schedule HC of the TFR. Title III of the Dodd-Frank Act transferred all 
former OTS authorities (including rulemaking) related to SLHCs to the 
Federal Reserve on July 21, 2011. Consequently, the Federal Reserve 
became responsible for the consolidated supervision of SLHCs beginning 
July 21, 2011. The Federal Reserve will use the data to evaluate a 
diversified holding company and to determine whether an SLHC is in 
compliance with applicable laws and regulations. In addition, the data 
collected will contribute to the analyses of the overall financial 
condition of SLHCs to ensure safe and sound operations.
    Current Actions: On November 10, 2011, the Federal Reserve 
published a notice in the Federal Register (76 FR 70146) requesting 
public comment for 60 days on the implementation of the Quarterly 
Savings and Loan Holding Company Report (FR 2320). The comment period 
for this notice expired on January 9, 2012. The Federal Reserve 
received three comment letters addressing the proposed implementation 
of the FR 2320: two from law firms and one from a financial services 
company.
    Two commenters requested clarification of the reporting criteria 
for multi-tiered SLHCs. Also, these commenters asked that the Federal 
Reserve be flexible when determining which SLHCs within a multi-tiered 
organization would be required to file the FR 2320. In response to the 
comments, the Federal Reserve will clarify the FR 2320 instructions to 
indicate which SLHCs should file the FR 2320. The FR 2320 will 
generally be filed by the top-tier SLHC if that SLHC is exempt \1\ from 
filing the Federal Reserve's existing regulatory reports. However, if a 
top-tier SLHC is not required to file the FR 2320, then a lower-tier 
SLHC must file FR 2320. Such determination as to which SLHC will be 
required to file the FR 2320 will be made by the district Federal 
Reserve Bank. In addition, lower-tier SLHCs may voluntarily file the FR 
2320 or may be required to file (in addition to the top-tier SLHC) for 
safety and soundness purposes at the discretion of the district Federal 
Reserve Bank.
---------------------------------------------------------------------------

    \1\ An exempt SLHC includes: (1) A grandfathered unitary SLHC 
whose assets are primarily commercial and whose thrifts make up less 
than 5 percent of its consolidated assets; and (2) a SLHC whose 
assets are primarily insurance-related and who does not otherwise 
submit financial reports with the Securities and Exchange 
Commission.
---------------------------------------------------------------------------

    One commenter noted certain data items that were given confidential 
treatment by the OTS are no longer afforded the same treatment in the 
FR 2320 and this may be of concern to privately held institutions. 
After considering these comments, the Federal Reserve believes the data 
items no longer held as confidential will not cause competitive harm to 
any institution, publicly or privately held and notes there are several 
BHCs that are privately held where similar information is made publicly 
available. However, as noted above, institutions may request, in 
writing, confidential treatment for any data item in the FR 2320 or for 
all data items in the report, and confidential treatment will be 
afforded if the institution is able to establish that disclosure would 
cause substantial competitive harm.

    Board of Governors of the Federal Reserve System, February 7, 
2012.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 2012-3192 Filed 2-10-12; 8:45 am]
BILLING CODE 6210-01-P