Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company, 44953 [2013-17901]
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Federal Register / Vol. 78, No. 143 / Thursday, July 25, 2013 / Notices
that encompasses the dates of
borrowing.
Current Action: On May 16, 2013, the
Federal Reserve published a notice in
the Federal Register (78 FR 28846)
seeking public comment for 60 days on
the extension, with minor revision, of
the FR 2046. The comment period for
this notice expired on July 15, 2013. The
Federal Reserve did not receive any
comments. The revision will be
implemented as proposed.
Final approval under OMB delegated
authority of the implementation of the
following report:
Report title: Payments Research
Survey.
Agency form number: FR 3067.
OMB control number: 7100-new.
Frequency: On occasion.
Reporters: Depository institutions;
financial and nonfinancial businesses
and related entities; individual
consumers; or households.
Estimated annual reporting hours:
60,000 hours.
Estimated average hours per response:
3 hours.
Number of respondents: 5,000.
General description of report: The
Federal Reserve has determined that
this survey is generally authorized by
sections 2A and 12A of the Federal
Reserve Act (FRA). Section 2A of the
FRA requires that the Federal Reserve
maintain long run growth of the
monetary and credit aggregates
commensurate with the economy’s long
run potential to increase production, so
as to promote effectively the goals of the
maximum employment, stable prices,
and moderate long-term interest rates.
See 12 U.S.C. 225a. In addition, under
section 12A of the FRA, the Federal
Reserve is required to implement
regulations relating to the open market
operations conducted by Federal
Reserve Banks with a view to
accommodating commerce and business
and with regard to the regulations’
bearing upon the general credit situation
of the country. See 12 U.S.C. 263. The
authority of the Federal Reserve to
collect economic data to carry out the
requirements of these provisions is
implicit. Accordingly, the Federal
Reserve is authorized to use the FR 3067
by sections 2A and 12A of the FRA.
Additionally, depending on the
survey respondent, the information
collection may be authorized under a
more specific statute. These statutes are:
• Expedited Funds Availability Act
§ 609 (12 U.S.C. 4008)
• Electronic Fund Transfer Act § 920
(15 U.S.C. 1693o–2)
• The Check Clearing for the 21st
Century Act § 15 (12 U.S.C. 5014)
• Federal Reserve Act § 11
(Examinations and reports, Supervision
VerDate Mar<15>2010
13:49 Jul 24, 2013
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over Reserve Banks, and Federal
Reserve Note provisions, 12 U.S.C. 248);
§ 11A (Pricing of Services, 12 U.S.C.
248a); § 13 (FRB deposits and
collections, 12 U.S.C. 342); and § 16
(Issuance of Federal Reserve notes, par
clearance, and FRB clearinghouse, 12
U.S.C. 248–1, 360, and 411).
Under the appropriate authority, the
Federal Reserve may make submission
of survey information mandatory for
entities such as financial institutions or
payment card networks; submissions
would otherwise be voluntary.
The ability of the Federal Reserve to
maintain the confidentiality of
information provided by respondents to
the FR 3067 surveys will be determined
on a case-by-case basis depending on
the type of information provided for a
particular survey. For instance, in some
circumstance, no issue of confidentiality
will arise as the surveys may be
conducted by private firms under
contract with the Federal Reserve and
names or other directly identifying
information would not be provided to
the Federal Reserve. In circumstances
where identifying information is
provided to the Federal Reserve, such
information could possibly be protected
under the Freedom of Information Act
(FOIA), exemptions 4 and 6. Exemption
4 protects information from disclosure
of trade secrets and commercial or
financial information, while exemption
6 protects information ‘‘the disclosure of
which would constitute a clearly
unwarranted invasion of personal
privacy.’’ See 5 U.S.C. 552(b)(4) and (6).
If the survey is mandatory and is
undertaken as part of the supervisory
process, information could be protected
under FOIA exemption 8, which
protects information relating to the
examination reports. See 5 U.S.C.
552(b)(8).
Abstract: The bank operations and
payment systems functions of the
Federal Reserve have occasional need to
gather data on an ad-hoc basis from the
public on their payment habits,
economic condition, and financial
relationships, as well as their attitudes,
perceptions, and expectations. These
data may be particularly needed in
times of critical economic or regulatory
change or when issues of immediate
concern arise from Federal Reserve
System committee initiatives and
working groups or requests from the
Congress. The Federal Reserve would
use this event-driven survey to obtain
information specifically tailored to the
Federal Reserve’s supervisory,
regulatory, fiscal, and operational
responsibilities. The Federal Reserve
may conduct various versions of the
survey during the year and, as needed,
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44953
survey respondents up to four times per
year. The frequency and content of the
questions will depend on changing
economic, regulatory, supervisory, or
legislative developments.
Current Action: On May 16, 2013, the
Federal Reserve published a notice in
the Federal Register (78 FR 28846)
seeking public comment for 60 days on
the implementation of the FR 3067. The
comment period for this notice expired
on July 15, 2013. The Federal Reserve
did not receive any comments. The
survey will be implemented as
proposed.
Board of Governors of the Federal Reserve
System, July 22, 2013.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2013–17873 Filed 7–24–13; 8:45 am]
BILLING CODE 6210–01–P
FEDERAL RESERVE SYSTEM
Change in Bank Control Notices;
Acquisitions of Shares of a Bank or
Bank Holding Company
The notificants listed below have
applied under the Change in Bank
Control Act (12 U.S.C. 1817(j)) and
§ 225.41 of the Board’s Regulation Y (12
CFR 225.41) to acquire shares of a bank
or bank holding company. The factors
that are considered in acting on the
notices are set forth in paragraph 7 of
the Act (12 U.S.C. 1817(j)(7)).
The notices are available for
immediate inspection at the Federal
Reserve Bank indicated. The notices
also will be available for inspection at
the offices of the Board of Governors.
Interested persons may express their
views in writing to the Reserve Bank
indicated for that notice or to the offices
of the Board of Governors. Comments
must be received not later than August
9, 2013.
A. Federal Reserve Bank of Chicago
(Colette A. Fried, Assistant Vice
President) 230 South LaSalle Street,
Chicago, Illinois 60690–1414:
1. Tad Wilson, and Arthur S. Parrish,
both of Spencer, Indiana; together as a
group acting in concert, to acquire
voting shares of Home Financial
Bancorp, and thereby indirectly acquire
voting shares of Our Community Bank,
both in Spencer, Indiana.
Board of Governors of the Federal Reserve
System, July 22, 2013.
Margaret McCloskey Shanks,
Deputy Secretary of the Board.
[FR Doc. 2013–17901 Filed 7–24–13; 8:45 am]
BILLING CODE 6210–01–P
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[Federal Register Volume 78, Number 143 (Thursday, July 25, 2013)]
[Notices]
[Page 44953]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-17901]
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FEDERAL RESERVE SYSTEM
Change in Bank Control Notices; Acquisitions of Shares of a Bank
or Bank Holding Company
The notificants listed below have applied under the Change in Bank
Control Act (12 U.S.C. 1817(j)) and Sec. 225.41 of the Board's
Regulation Y (12 CFR 225.41) to acquire shares of a bank or bank
holding company. The factors that are considered in acting on the
notices are set forth in paragraph 7 of the Act (12 U.S.C. 1817(j)(7)).
The notices are available for immediate inspection at the Federal
Reserve Bank indicated. The notices also will be available for
inspection at the offices of the Board of Governors. Interested persons
may express their views in writing to the Reserve Bank indicated for
that notice or to the offices of the Board of Governors. Comments must
be received not later than August 9, 2013.
A. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant
Vice President) 230 South LaSalle Street, Chicago, Illinois 60690-1414:
1. Tad Wilson, and Arthur S. Parrish, both of Spencer, Indiana;
together as a group acting in concert, to acquire voting shares of Home
Financial Bancorp, and thereby indirectly acquire voting shares of Our
Community Bank, both in Spencer, Indiana.
Board of Governors of the Federal Reserve System, July 22, 2013.
Margaret McCloskey Shanks,
Deputy Secretary of the Board.
[FR Doc. 2013-17901 Filed 7-24-13; 8:45 am]
BILLING CODE 6210-01-P
