Formations of, Acquisitions by, and Mergers of Bank Holding Companies, 66930-66931 [2013-26689]
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Federal Register / Vol. 78, No. 216 / Thursday, November 7, 2013 / Notices
Written Paperwork Reduction
Act (PRA) comments should be
submitted on or before January 6, 2014.
If you anticipate that you will be
submitting PRA comments, but find it
difficult to do so within the period of
time allowed by this notice, you should
advise the FCC contact listed below as
soon as possible.
ADDRESSES: Submit your PRA comments
to Nicholas A. Fraser, Office of
Management and Budget, via fax at 202–
395–5167 or via Internet at Nicholas_
A._Fraser@omb.eop.gov and to Benish
Shah, Federal Communications
Commission, via the Internet at
Benish.Shah@fcc.gov. To submit your
PRA comments by email send them to:
PRA@fcc.gov.
FOR FURTHER INFORMATION CONTACT:
Benish Shah, Office of Managing
Director, (202) 418–7866.
SUPPLEMENTARY INFORMATION:
OMB Control Number: 3060–0809.
Title: Communications Assistance for
Law Enforcement Act (CALEA).
Form Number: N/A.
Type of Review: Extension of a
currently approved collection.
Respondents: Business or other for
profit entities.
Number of Respondents: 200
respondents; 285 responses.
Estimated Time per Response: 12
hours average (range of 7.5 to 80 hours).
Frequency of Response: On occasion
reporting requirements, recordkeeping
requirement and third party disclosure.
Obligation to Respond: Mandatory.
Statutory authority for this information
collection is contained in sections 105,
107(c), 109(b) and 301 of the
Communications Assistance for Law
Enforcement Act (CALEA), 47 U.S.C.
1004, 1006(c), 1008(b), and 229.
Total Annual Burden: 3,475 hours.
Total Annual Costs: N/A.
Privacy Impact Assessment: No
impact(s).
Nature and Extent of Confidentiality:
Pursuant to section 0.457(g) of the
Commission’s rules, the information in
the CALEA system security filings and
petitions will not be made routinely
available for public inspection. Section
107(c) and section 109(b) filings are
entitled to confidential treatment under
the Freedom of Information Act. The
Commission has directed respondents to
file their petitions under a general claim
of confidential or proprietary protection,
subject only to scrutiny by the
Commission and the Attorney General
who is consulted in section 107(c)
adjudications and is a party to all
section 109(b) adjudications.
Needs and Uses: The
Communications Assistance for Law
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Enforcement Act (CALEA) requires the
Commission to create rules that regulate
the conduct and recordkeeping of lawful
electronic surveillance. CALEA was
enacted in October 1994 to respond to
rapid advances in telecommunications
technology and eliminates obstacles
faced by law enforcement personnel in
conducting electronic surveillance.
Section 105 of CALEA requires
telecommunications carriers to protect
against the unlawful interception of
communications passing through their
systems. Law enforcement officials use
the information maintained by
telecommunications carriers to
determine the accountability and
accuracy of telecommunications
carriers’ compliance with lawful
electronic surveillance orders.
On May 12, 2006, the Commission
released a Second Report and Order and
Memorandum Opinion and Order in ET
Docket No. 04–195, FCC 06–56, which
became effective August 4, 2006, except
for §§ 1.20004 and 1.2005 of the
Commission’s rules, which became
effective on February 12, 2007. The
Second Report and Order established
new guidelines for filing section 107(c)
petitions, section 109(b) petitions, and
monitoring reports (FCC Form 445).
CALEA section 107(c)(1) permits a
petitioner to apply for an extension of
time, up to two years from the date that
the petition is filed, and to come into
compliance with a particular CALEA
section 103 capability requirement.
CALEA section 109(b) permits a
telecommunication carrier covered by
CALEA to file a petition with the FCC
and an application with the Department
of Justice (DOJ) to request that DOJ pay
the costs of the carrier’s CALEA
compliance (cost-shifting relief) with
respect to any equipment, facility or
service installed or deployed after
January 1, 1995. The Second Report and
Order required several different
collections of information:
(a) Within 90 days of the effective
date of the Second Report and Order,
facilities based broadband Internet
access and interconnected Voice over
Interconnected Protocol (VOIP)
providers newly identified in the First
Report and Order in this proceeding
were required to file system security
statements under the Commission’s
rules. (Security systems are currently
approved under the existing OMB 3060–
0809 information collection).
(b) All telecommunications carriers,
including broadband Internet access and
interconnected VoIP providers, must file
updates to their systems security
statements on file with the Commission
as their information changes.
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(c) Petitions filed under Section
107(c), request for additional time to
comply with CALEA; these provisions
apply to all carriers subject to CALEA
and are voluntary filings.
(d) Section 109(b), request for
reimbursement of CALEA; these
provisions apply to all carriers subject
to CALEA and are voluntary filings.
Federal Communications Commission.
Marlene H. Dortch,
Secretary, Office of the Secretary, Office of
Managing Director.
[FR Doc. 2013–26679 Filed 11–6–13; 8:45 am]
BILLING CODE 6712–01–P
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
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 December 2,
2013.
A. Federal Reserve Bank of Kansas
City (Dennis Denney, Assistant Vice
President) 1 Memorial Drive, Kansas
City, Missouri 64198–0001:
1. Banner County Ban Corporation
Employee Stock Plan and Trust,
Harrisburg, Nebraska; to acquire up to
an additional 11.17 percent for a total of
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Federal Register / Vol. 78, No. 216 / Thursday, November 7, 2013 / Notices
40.78 percent of the voting shares of
Banner County Ban Corporation, and
thereby indirectly acquire voting shares
of Banner Capital Bank, both in
Harrisburg, Nebraska.
2. Nebraska Bankshares, Inc., Farnam,
Nebraska; to acquire 100 percent of the
voting shares of Stamford Banco, Inc.,
Stamford, Nebraska, and thereby
indirectly acquire voting shares of
Community Bank, Alma, Nebraska.
In connection with this application,
Applicant also has applied to acquire
100 percent of the voting shares of
Stamford Banco, Inc., Stamford,
Nebraska, and thereby engage in general
insurance activities in a town of less
than 5,000 in population, pursuant to
section 225.28(b)(11)(iii)(A).
Board of Governors of the Federal Reserve
System, November 4, 2013.
Margaret McCloskey Shanks,
Deputy Secretary of the Board.
[FR Doc. 2013–26689 Filed 11–6–13; 8:45 am]
BILLING CODE 6210–01–P
FEDERAL TRADE COMMISSION
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request
Federal Trade Commission.
Notice and request for comment.
AGENCY:
ACTION:
In compliance with the
Paperwork Reduction Act (PRA) of
1995, the FTC is seeking public
comments on its request to OMB for a
three-year extension of the current PRA
clearance for the information collection
requirements contained in Regulation N.
That clearance expires on November 30,
2013. The FTC’s current PRA clearance
(OMB Control Number 3084–0156) for
Regulation N is under the FTC’s
Mortgage Acts and Practices—
Advertising Rule, which was
republished by the CFPB as Regulation
N on December 16, 2011, and became
effective December 30, 2011. The
Commission rescinded the Mortgage
Acts and Practices—Advertising Rule
on, and effective, April 13, 2012.
DATES: Comments must be received by
December 9, 2013.
ADDRESSES: Interested parties may file a
comment online or on paper, by
following the instructions in the
Request for Comment part of the
SUPPLEMENTARY INFORMATION section
below.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the proposed information
requirements should be addressed to
Carole L. Reynolds, Attorney, Division
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of Financial Practices, Bureau of
Consumer Protection, Federal Trade
Commission, 600 Pennsylvania Avenue
NW., Washington, DC 20580, (202) 326–
3230.
SUPPLEMENTARY INFORMATION:
Title: Mortgage Acts and Practices—
Advertising (Regulation N), 12 CFR
1014.
OMB Control Number: 3084–0156.
Type of Review: Extension of a
currently approved collection.
Abstract: The FTC’s Mortgage Acts
and Practices—Advertising Rule, 16
CFR 321, was issued by the FTC on July
19, 2011, at www.ftc.gov, published in
the Federal Register, 76 FR 43845, and
became effective on August 19, 2011.
The Dodd-Frank Wall Street Reform
and Consumer Protection Act of 2010
(Dodd-Frank Act) 1 substantially
changed the federal legal framework for
financial services providers. Among the
changes, the Dodd-Frank Act transferred
to the Consumer Financial Protection
Bureau (CFPB) the Commission’s
rulemaking authority under section 626
of the 2009 Omnibus Appropriations
Act on July 21, 2011. As a result, the
CFPB republished the Mortgage Acts
and Practices—Advertising Rule, at 12
CFR 1014, which became effective
December 30, 2011. 76 FR 78130.
Thereafter, the Commission rescinded
its Rule on, and effective, April 13,
2012. 77 FR 22200. Under the DoddFrank Act, the FTC retains its authority
to bring law enforcement actions to
enforce Regulation N.2 The FTC and the
CFPB share enforcement authority for
Regulation N and thus the CFPB has
incorporated into its recently approved
burden estimates 3 for Regulation N one
half of the FTC’s pre-existing cleared
burden estimates.
Regulation N’s recordkeeping
requirements constitute a ‘‘collection of
information’’ 4 for purposes of the PRA.5
The Rule does not impose a disclosure
requirement.
Regulation N requires covered
persons to retain: (1) Copies of
materially different commercial
communications and related materials,
regarding any term of any mortgage
credit product, that the person made or
1 Public
Law 111–203, 124 Stat. 1376 (2010).
Commission also retained its authority to
enforce the Mortgage Acts and Practices—
Advertising Rule from the Rule’s issuance in July
2011 until the CFPB’s republished rule, Regulation
N, became effective on December 30, 2011. See infra
note 11.
3 The CFPB clearance for their information
collections associated with Regulation N was
approved by the OMB on July 25, 2012 (OMB
Control Number 3170–0009) through July 31, 2015.
4 Section 1014.5 of the Rule sets forth the
recordkeeping requirements.
5 See 44 U.S.C. 3502(3)(A).
2 The
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66931
disseminated during the relevant time
period; (2) documents describing or
evidencing all mortgage credit products
available to consumers during the
relevant time period; and (3) documents
describing or evidencing all additional
products or services (such as credit
insurance or credit disability insurance)
that are or may be offered or provided
with the mortgage credit products
available to consumers during the
relevant time period. A failure to keep
such records would be an independent
violation of the Rule.
Commission staff believes these
recordkeeping requirements pertain to
records that are usual and customary
and kept in the ordinary course of
business for many covered persons,
such as mortgage brokers, lenders, and
servicers.6 As to these persons, the
retention of these documents does not
constitute a ‘‘collection of information,’’
as defined by OMB’s regulations that
implement the PRA.7 Other covered
persons, however, such as real estate
agents and brokers, advertising agencies,
home builders, lead generators, rate
aggregators, and others, may not
currently maintain these records in the
ordinary course of business. Thus, the
recordkeeping requirements for those
persons would constitute a ‘‘collection
of information.’’
The information retained under the
Rule’s recordkeeping requirements is
used by the Commission to substantiate
compliance with the Rule and may also
provide a basis for the Commission to
bring an enforcement action. Without
the required records, it would be
difficult either to ensure that entities are
complying with the Rule’s requirements
or to bring enforcement actions based on
violations of the Rule.
On August 1, 2013, the Commission
sought comment on the Rule’s
information collection requirements.8
No comments were received.
6 Some covered persons, particularly mortgage
brokers and lenders, are subject to state
recordkeeping requirements for mortgage
advertisements. See, e.g., Fla. Stat. 494.00165
(2012); Ind. Code Ann. 23–2–5–18 (2012); Kan. Stat.
Ann. 9–2208 (2012); Minn. Stat. 58.14 (2012);
Wash. Rev. Code 19.146.060 (2013). Many mortgage
brokers, lenders, and servicers are also subject to
state recordkeeping requirements for mortgage
transactions and related documents, and these may
include descriptions of mortgage credit products.
See, e.g., Mich. Comp. Laws Serv. 445.1671 (2013);
N.Y. Banking Law 597 (Consol. 2012); Tenn. Code
Ann. 45–13–206 (2013). In addition, lenders and
mortgagees approved by the FHA must retain copies
of all print and electronic advertisements and
promotional materials for a period of two years
from the date the materials are circulated or used
to advertise. See 24 CFR 202.
7 See 44 U.S.C. 3502(3)(A); 5 CFR 1320.3(b)(2).
8 See 78 FR 46583.
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]]>Agencies
[Federal Register Volume 78, Number 216 (Thursday, November 7, 2013)]
[Notices]
[Pages 66930-66931]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-26689]
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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 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 December 2, 2013.
A. Federal Reserve Bank of Kansas City (Dennis Denney, Assistant
Vice President) 1 Memorial Drive, Kansas City, Missouri 64198-0001:
1. Banner County Ban Corporation Employee Stock Plan and Trust,
Harrisburg, Nebraska; to acquire up to an additional 11.17 percent for
a total of
[[Page 66931]]
40.78 percent of the voting shares of Banner County Ban Corporation,
and thereby indirectly acquire voting shares of Banner Capital Bank,
both in Harrisburg, Nebraska.
2. Nebraska Bankshares, Inc., Farnam, Nebraska; to acquire 100
percent of the voting shares of Stamford Banco, Inc., Stamford,
Nebraska, and thereby indirectly acquire voting shares of Community
Bank, Alma, Nebraska.
In connection with this application, Applicant also has applied to
acquire 100 percent of the voting shares of Stamford Banco, Inc.,
Stamford, Nebraska, and thereby engage in general insurance activities
in a town of less than 5,000 in population, pursuant to section
225.28(b)(11)(iii)(A).
Board of Governors of the Federal Reserve System, November 4,
2013.
Margaret McCloskey Shanks,
Deputy Secretary of the Board.
[FR Doc. 2013-26689 Filed 11-6-13; 8:45 am]
BILLING CODE 6210-01-P
