Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 74088-74091 [2014-29247]
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Federal Register / Vol. 79, No. 240 / Monday, December 15, 2014 / Notices
Federal Communications
Commission, 445 12th Street SW.,
Washington, DC 20554.
FOR FURTHER INFORMATION CONTACT:
Christopher Koves, Pricing Policy
Division, Wireline Competition Bureau,
202–418–8209 or Christopher.Koves@
fcc.gov.
SUPPLEMENTARY INFORMATION: This is a
summary of the Commission’s Order,
WC Docket No. 05–25, RM–10593, DA
14–1706, released November 26, 2014.
This document does not contain
information collections(s) subject to the
Paperwork Act of 1995 (PRA), Public
Law 104–13. In addition, therefore, it
does not contain any new or modified
‘‘information collection burden[s] for
small business concerns with fewer than
25 employees,’’ pursuant to the Small
Business Paperwork Relief Act of 2002.
The full text of this document may be
downloaded at the following Internet
address: https://apps.fcc.gov/edocs_
public/attachmatch/DA-141706A1.docx. The complete text may be
purchased from Best Copy and Printing,
Inc., 445 12th Street SW., Room CY–
B402, Washington, DC 20554. To
request alternative formats for persons
with disabilities (e.g. accessible format
documents, sign language, interpreters,
CARTS, etc.), send an email to fcc504@
fcc.gov or call the Commission’s
Consumer and Governmental Affairs
Bureau at (202) 418–0530 or (202) 418–
0432 (TTY).
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ADDRESSES:
I. Background
On November 26, 2014, the
Commission’s Wireline Competition
Bureau (Bureau) released an order
extending the deadline for responding
to the mandatory, one-time data
collection in the Commission’s special
access proceeding. The Bureau extended
the deadline for responding because of
delays in the release of a database
container to the public, which is
necessary for filers to respond to the
collection. Accordingly, for larger
businesses with more than 1,500
employees required to provide data and
information, the deadline is extended 45
days to January 29, 2015. Other
respondents with 1,500 or fewer
employees are considered small for
purposes of the collection and must file
their responses by February 27, 2015.
For those entities not providing data
and information in response to the
collection but that are otherwise
required to certify that they are not a
covered Provider, Purchaser or an entity
that provides Best Efforts Business
Broadband Internet Access Services, the
filing deadline remains December 15,
2014 regardless of the entity’s size.
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The Commission will use the data
obtained from the collection for an
analysis of the special access market as
it considers reforming the pricing rules
applicable to incumbent local exchange
carriers that are subject to price cap
regulation. For more information about
the collection and the underlying
rulemaking proceeding, see the
Commission’s Web site, https://
www.fcc.gov/encyclopedia/specialaccess-data-collection-overview-0.
Pamela Arluk,
Acting Chief, Pricing Policy Division, Federal
Communications Commission.
[FR Doc. 2014–29298 Filed 12–12–14; 8:45 am]
BILLING CODE 6712–01–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
displays a currently valid OMB control
number.
FOR FURTHER INFORMATION CONTACT:
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.
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.
AGENCY:
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Final approval under OMB delegated
authority the extension for three years,
with revision, of the following reports:
1. Report title: The Government
Securities Dealers Reports: Weekly
Report of Dealer Positions (FR 2004A),
Weekly Report of Cumulative Dealer
Transactions (FR 2004B), Weekly Report
of Dealer Financing and Fails (FR
2004C), Weekly Report of Specific
Issues (FR 2004SI), Daily Report of
Specific Issues (FR 2004SD),
Supplement to the Daily Report of
Specific Issues (FR 2004SD ad hoc), and
Daily Report of Dealer Activity in
Treasury Financing (FR 2004WI),
Settlement Cycle Report of Dealer Fails
and Transaction Volumes Class A (FR
2004FA), Settlement Cycle Report of
Dealer Fails and Transaction Volumes
Class B (FR 2004FB), Settlement Cycle
Report of Dealer Fails and Transaction
Volumes Class C (FR 2004FC),
Settlement Cycle Report of Dealer Fails
and Transaction Volumes Class A, B,
and C (FR 2004FM).
Agency form number: FR 2004.
OMB control number: 7100–0003.
Effective Date: January 7, 2015.
Frequency: Weekly, daily, monthly.
Reporters: Dealers in the U.S.
government securities market.
Estimated annual reporting hours: FR
2004A, 3,432 hours; FR 2004B, 4,233
hours; FR 2004C, 3,546 hours; FR
2004SI, 2,517 hours; FR 2004SD, 1,210
hours; FR 2004SD ad hoc, 528 hours; FR
2004WI, 3,520 hours; FR 2004FA, 264
hours; FR 2004FB, 264 hours; FR
2004FC, 264 hours; FR 2004FM, 396
hours.
Estimated average hours per response:
FR 2004A, 3.0 hours; FR 2004B, 3.7
hours; FR 2004C, 3.1 hours; FR 2004SI,
2.2 hours; FR 2004SD, 2.2 hours; FR
2004SD ad hoc, 2.0 hours; FR 2004WI,
1.0 hour; FR 2004FA, 1.0 hour; FR
2004FB, 1.0 hour; FR 2004FC, 1.0 hour;
FR 2004FM, 1.5 hours.
Number of respondents: 22.
General description of report: This
information collection is authorized by
sections 2A, 12A(c), 14, and 15 of the
Federal Reserve Act (12 U.S.C. 225a,
263c, 353–359, and 391) and is required
to obtain or retain the benefit of dealer
status. Individual respondent data are
regarded as confidential under the
Freedom of Information Act (5 U.S.C.
552(b)(4) and (b)(8)).
Abstract: The FR 2004A collects
weekly data on dealers’ outright
positions in Treasury and other
marketable debt securities. The FR
2004B collects cumulative weekly data
on the volume of transactions made by
dealers in the same instruments for
which positions are reported on the FR
2004A. The FR 2004C collects weekly
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data on the amounts of dealer financing
and fails. The FR 2004SI collects weekly
data on position, transaction, financing,
and fails for the most recently issued
on-the-run Treasury securities (the most
recently issued Treasury securities for
each maturity class). When unusual
trading practices occur for a specific
security, this information can be
collected on a daily basis on the FR
2004SD for either on-the-run Treasury
securities or off-the-run Treasury
securities. The FR 2004SD ad hoc
collects up to 10 ad hoc data items for
instances when critical information for
additional Treasury market surveillance
is required. The FR 2004WI collects
daily data on positions in to-be-issued
Treasury coupon securities, mainly the
trading on a when-issued delivery basis.
Current Actions: On September 24,
2014, the Federal Reserve published a
notice in the Federal Register (79 FR
57101) requesting public comment for
60 days on the extension, with revision,
of the Government Securities Dealers
Reports (FR 2004). The comment period
for this notice expired on November 24,
2014. The Federal Reserve did not
receive any comments. The revisions
will be implemented as proposed.
2. Report title: Weekly Report of
Selected Assets and Liabilities of
Domestically Chartered Commercial
Banks and U.S. Branches and Agencies
of Foreign Banks.
Agency form number: FR 2644.
OMB control number: 7100–0075.
Effective Date: January 7, 2015.
Frequency: Weekly.
Reporters: Domestically chartered
commercial banks and U.S. branches
and agencies of foreign banks.
Estimated annual reporting hours:
127,400 hours.
Estimated average hours per response:
2.80 hours.
Number of respondents: 875.
General description of report: The FR
2644 is authorized by section 2A and
11(a)(2) of the Federal Reserve Act (12
U.S.C. 225(a) and 248(a)(2)) and by
section 7(c)(2) of the International
Banking Act (12 U.S.C. 3105(c)(2)) and
is voluntary. Individual respondent data
are regarded as confidential under the
Freedom of Information Act (5 U.S.C.
552(b)(4)).
Abstract: The FR 2644 is the only
source of high-frequency data used in
the analysis of current banking
developments. The FR 2644 collects
sample data that are used to estimate
universe levels using data from the
quarterly commercial bank Consolidated
Reports of Condition and Income (FFIEC
031 and 041; OMB No. 7100–0036) and
the Report of Assets and Liabilities of
U.S. Branches and Agencies of Foreign
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Banks (FFIEC 002; OMB No. 7100–0032)
(Call Reports). Data from the FR 2644,
together with data from other sources,
are used to construct weekly estimates
of bank credit, balance sheet data for the
U.S. banking industry, sources and uses
of banks’ funds, and to analyze banking
and monetary developments.
Current Actions: On September 24,
2014, the Federal Reserve published a
notice in the Federal Register (79 FR
57101) requesting public comment for
60 days on the extension, with revision,
of the Weekly Report of Selected Assets
and Liabilities of Domestically
Chartered Commercial Banks and U.S.
Branches and Agencies of Foreign Banks
(FR 2644). The comment period for this
notice expired on November 24, 2014.
The Federal Reserve received a
comment letter from a bank regarding
the proposed revision to the FR 2644.
The commenter expressed the opinion
that the effective date of the revision
(January 7, 2015) may not be the optimal
time to change the report because this
would be the beginning of the financial
reporting season for banks. The
commenter noted that the proposed
revisions to the report would require
additional work by the respondents for
implementation and, because bank staff
would be involved in producing yearend reports, the accuracy of the reported
data may be compromised. The
commenter suggested that the effective
date of the revised report should be
reconsidered. The Federal Reserve
recognizes that respondents have
additional reporting responsibilities at
the end-of-quarter and end-of-year
periods. In the event that respondents
anticipate difficulty implementing the
changes by the effective date, the
Federal Reserve would accept estimated
data until actual data becomes available.
In addition, Reserve Bank staff would be
available to assist respondents with the
reporting requirements. After careful
consideration of the comment letter and
with the estimated reporting option
discussed above, the revisions will be
implemented as proposed.
Final approval under OMB delegated
authority the extension for three years,
without revision, of the following
reports:
1. Report title: Quarterly Savings and
Loan Holding Company Report.
Agency form number: FR 2320.
OMB control number: 7100–0345.
Frequency: Quarterly.
Reporters: Top and lower-tier savings
and loan holding companies (SLHCs).
Estimated annual reporting hours:
180 hours.
Estimated average hours per response:
2.5 hours.
Number of respondents: 18.
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General description of report: This
information collection is mandatory
pursuant to section 10 of the Home
Owners’ Loan Act (HOLA), (12 U.S.C.
1467a(b)(2)) as amended by Pub. L. 111–
201, § 369(8). Data items C572, C573,
and C574 on Schedule H 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 on Schedule HC, the Federal
Reserve has determined that institutions
may request confidential treatment for
any FR 2320 data item or for all FR 2320
data items, and confidential treatment
will be reviewed on a case-by-case basis.
Abstract: The FR 2320 collects select
parent only and consolidated balance
sheet and income statement financial
data and organizational structure data
from savings and loan holding
companies (SLHCs) exempt from
initially filing Federal Reserve
regulatory reports. The FR 2320 is used
by the Federal Reserve to analyze the
overall financial condition of exempt
SLHCs to ensure safe and sound
operations. These data assist the Federal
Reserve in the evaluation of a
diversified holding company and in
determining whether an institution is in
compliance with applicable laws and
regulations.
Current Actions: On September 24,
2014, the Federal Reserve published a
notice in the Federal Register (79 FR
57101) requesting public comment for
60 days on the extension, without
revision, for this information collection.
The comment period for this notice
expired on November 24, 2014. The
Federal Reserve did not receive any
comments. The information collection
will be extended as proposed.
2. Report title: Notifications Related to
Community Development and Public
Welfare Investments of State Member
Banks.
Agency form number: FR H–6.
OMB control number: 7100–0278.
Frequency: Event-generated.
Reporters: State member banks.
Estimated annual reporting hours:
182.
Estimated average hours per response:
Post Notification, 2 hours; Application
(Prior Approval) 5 hours; and Extension
of divestiture period, 5 hours.
Number of respondents: Post
Notification, 16; Application (Prior
Approval), 29; and Extension of
divestiture period, 1.
General description of report: This
information collection is authorized by
the Federal Reserve Act, 12 U.S.C. 338a,
and by the Board’s Regulation H, 12
CFR 208.22. The obligation of state
member banks to make public welfare
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Federal Register / Vol. 79, No. 240 / Monday, December 15, 2014 / Notices
investments under both the Reserve
Bank post-notice and the Board’s prior
approval procedure is mandatory. The
request for extension of the divestiture
period is required to obtain a benefit.
Individual respondent data generally are
not regarded as confidential. However, a
bank that submits confidential
proprietary information may request
confidential treatment of that
information pursuant to section (b)(4) of
the Freedom of Information Act (FOIA),
5 U.S.C. 552(b)(4), and the information
will be accorded confidential treatment
if the institution can establish the
potential for substantial competitive
harm under the standards set forth in
National Park & Conservation Ass’n v.
Morton, 498 F.2d 765 (DC Cir. 1974).
Such a determination would be made on
a case-by-case in response to a specific
request for disclosure. If examination
rations are included in a submission,
those will be considered confidential
under exemption 8 of the FOIA, 5 U.S.C.
552(b)(8).
Abstract: Regulation H requires state
member banks planning to make
community development or public
welfare investments to comply with the
Regulation H notification requirements:
(1) If the investment does not require
prior Board approval, a written notice
must be sent to the appropriate Federal
Reserve Bank; (2) if certain criteria are
not met, and requires prior Board
approval, a request for approval must be
sent to the appropriate Federal Reserve
Bank; and, (3) if the Board orders
divestiture, but the bank cannot divest
within the established time limit, a
request or requests for extension of the
divestiture period must be submitted to
the appropriate Federal Reserve Bank.
Current Actions: On September 24,
2014, the Federal Reserve published a
notice in the Federal Register (79 FR
57101) requesting public comment for
60 days on the extension, without
revision, for this information collection.
The comment period for this notice
expired on November 24, 2014. The
Federal Reserve did not receive any
comments. The information collection
will be extended as proposed.
3. Report title: International
Applications and Prior Notifications
under Subparts A and C of Regulation
K.
Agency form number: FR K–1.
OMB control number: 7100–0107.
Frequency: Event-generated.
Reporters: State member banks,
national banks, bank holding
companies, Edge and agreement
corporations, and certain foreign
banking organizations.
Annual reporting hours: 1,013 hours.
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Estimated average hours per response:
Attachments A and B, 11.5 hours;
Attachments C through G, 10 hours;
Attachments H and I, 15.5 hours;
Attachment J, 10 hours; Attachment K,
20 hours.
Number of respondents: 35.
General description of report: This
information collection is mandatory (12
U.S.C. 601–604(a), 611–631, 1843(c)(13),
1843(c)(14), and 1844(c)) and is not
given confidential treatment. The
information submitted in the FR K–1 is
considered to be public unless an
institution requests confidential
treatment for portions of the particular
application or notification. Applicants
may rely on any Freedom of Information
Act (FOIA) exemption, but such
requests for confidentiality must contain
detailed justifications corresponding to
the claimed FOIA exemption. Requests
for confidentiality must be evaluated on
a case-by-case basis.
Abstract: Subpart A of Regulation K
governs the foreign investments and
activities of member banks, Edge and
agreement corporations, bank holding
companies (BHCs), and certain
investments by foreign organizations.
Subpart C of Regulation K governs
investments in export trading
companies. The FR K–1 information
collection contains eleven attachments
for the application and notification
requirements embodied in Subparts A
and C of Regulation K. The Federal
Reserve requires these applications for
regulatory and supervisory purposes
and to allow the Federal Reserve to
fulfill its statutory obligations under the
Federal Reserve Act and the Bank
Holding Company Act of 1956. The
applications are event-generated and
provide the Federal Reserve with
information necessary to evaluate each
of the proposed transactions.
Current Actions: On September 24,
2014, the Federal Reserve published a
notice in the Federal Register (79 FR
57101) requesting public comment for
60 days on the extension, without
revision, for this information collection.
The comment period for this notice
expired on November 24, 2014. The
Federal Reserve did not receive any
comments. The information collection
will be extended as proposed.
4. Report title: International
Applications and Prior Notifications
Under Subpart B of Regulation K.
Agency form number: FR K–2.
OMB control number: 7100–0284.
Frequency: On occasion.
Reporters: Foreign banks.
Annual reporting hours: 490 hours.
Estimated average hours per response:
35 hours.
Number of respondents: 14.
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General description of report: This
information collection is mandatory (12
U.S.C. 3105, 3107, and 3108). The
applying or notifying organization may
request that portions of the information
contained in the FR K–2 be afforded
confidential treatment. To do so,
applicants must demonstrate how the
information for which confidentiality is
requested would fall within the scope of
one or more of the exemptions
contained in the Freedom of
Information Act. Any such request
would have to be evaluated on a caseby-case basis.
Abstract: Foreign banks are required
to obtain the prior approval of the
Federal Reserve to establish a branch,
agency, or representative office; to
acquire ownership or control of a
commercial lending company in the
United States; or to change the status of
any existing office in the United States.
The Federal Reserve uses the
information, in part, to fulfill its
statutory obligation to supervise foreign
banking organizations with offices in
the United States.
Current Actions: On September 24,
2014, the Federal Reserve published a
notice in the Federal Register (79 FR
57101) requesting public comment for
60 days on the extension, without
revision, for this information collection.
The comment period for this notice
expired on November 24, 2014. The
Federal Reserve did not receive any
comments. The information collection
will be extended as proposed.
5. Report title: Application for Prior
Approval to Become a Bank Holding
Company, or for a Bank Holding
Company to Acquire an Additional
Bank or Bank Holding Company; Notice
for Prior Approval to Become a Bank
Holding Company, or for a Bank
Holding Company to Acquire an
Additional Bank or Bank Holding
Company; and Notification for Prior
Approval to Engage Directly or
Indirectly in Certain Nonbanking
Activities.
Agency form numbers: FR Y–3, FR Y–
3N, and FR Y–4.
OMB control number: 7100–0121.
Frequency: Event-generated.
Reporters: Corporations seeking to
become bank holding companies
(BHCs), or BHCs and state chartered
banks that are members of the Federal
Reserve System.
Annual reporting hours: 11,924 hours.
Estimated average hours per response:
FR Y–3, Section 3(a)(1): 49 hours; FR Y–
3, Section 3(a)(3) and 3(a)(5): 59.5 hours;
FR Y–3N, Sections 3(a)(1), 3(a)(3), and
3(a)(5): 5 hours; FR Y–4, complete
notification: 12 hours; FR Y–4,
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expedited notification: 5 hours; and FR
Y–4, post-consummation: 0.5 hours.
Number of respondents: 279.
General description of reports: The FR
Y–3 application and FR Y–3N
notification are mandatory (12 U.S.C.
1842(a), 1844(b), and 1843(j)(1)(b)). The
FR Y–4 notification is mandatory (12
U.S.C. 1843(j)(1)(b)). These information
collections are not given confidential
treatment. Applicants may rely on any
Freedom of Information Act (FOIA)
exemption, but such requests for
confidentiality must contain detailed
justifications corresponding to the
claimed FOIA exemption. Requests for
confidentiality must be evaluated on a
case-by-case basis.
Abstract: The Federal Reserve
requires the submission of these filings
for regulatory and supervisory purposes
and to allow the Federal Reserve to
fulfill its statutory obligations under the
Bank Holding Company Act of 1956 (the
BHC Act). These filings collect
information on proposals by BHCs
involving formations, acquisitions,
mergers, and nonbanking activities. The
Federal Reserve must obtain this
information to evaluate each individual
transaction with respect to financial and
managerial factors, permissibility,
competitive effects, net public benefits,
and the impact on the convenience and
needs of affected communities.
Current Actions: On September 24,
2014, the Federal Reserve published a
notice in the Federal Register (79 FR
57101) requesting public comment for
60 days on the extension, without
revision, for these information
collections. The comment period for
this notice expired on November 24,
2014. The Federal Reserve did not
receive any comments. The information
collection will be extended as proposed.
6. Report title: Application for a
Foreign Organization to Acquire a Bank
Holding Company.
Agency form number: FR Y–3F.
OMB control number: 7100–0119.
Frequency: On occasion.
Reporters: Any company organized
under the laws of a foreign country
seeking to acquire a U.S. subsidiary
bank or bank holding company.
Annual reporting hours: 440 hours.
Estimated average hours per response:
Initial application, 90 hours; subsequent
application, 70 hours.
Number of respondents: Initial
application, 1; subsequent application,
5.
General description of report: This
information collection is required to
obtain or retain a benefit under sections
3(a), 3(c), and 5(a) through 5(c) of the
Bank Holding Company Act (12 U.S.C.
1842(a) and (c) and 1844(a) through (c)).
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The information provided in the
application is not confidential unless
the applicant specifically requests
confidentiality and the Federal Reserve
approves the request. The instructions
convey the confidentiality requirements
to applicants.
Abstract: Under the Bank Holding
Company Act (BHCA), submission of
this application is required for any
company organized under the laws of a
foreign country seeking to acquire a U.S.
subsidiary bank or bank holding
company. Applicants must provide
financial and managerial information,
discuss the competitive effects of the
proposed transaction, and discuss how
the proposed transaction would
enhance the convenience and needs of
the community to be served. The
Federal Reserve uses the information, in
part, to fulfill its supervisory
responsibilities with respect to foreign
banking organizations in the United
States.
Current Actions: On September 24,
2014, the Federal Reserve published a
notice in the Federal Register (79 FR
57101) requesting public comment for
60 days on the extension, without
revision, for this information collection.
The comment period for this notice
expired on November 24, 2014. The
Federal Reserve did not receive any
comments. The information collection
will be extended as proposed.
Board of Governors of the Federal Reserve
System, December 9, 2014.
Robert deV. Frierson,
Secretary of the Board.
74091
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 January 9,
2015.
A. Federal Reserve Bank of New York
(Ivan Hurwitz, Vice President) 33
Liberty Street, New York, New York
10045–0001:
1. Sterling Bancorp, Montebello, New
York; to merge with Hudson Valley
Holding Corporation, and thereby
indirectly acquire Hudson Valley Bank,
N.A., both of Yonkers, New York.
Board of Governors of the Federal Reserve
System, December 10, 2014.
Michael J. Lewandowski,
Associate Secretary of the Board.
[FR Doc. 2014–29250 Filed 12–12–14; 8:45 am]
BILLING CODE 6210–01–P
DEPARTMENT OF HEALTH AND
HUMAN SERVICES
Office of the Secretary
[FR Doc. 2014–29247 Filed 12–12–14; 8:45 am]
Findings of Research Misconduct
BILLING CODE 6210–01–P
AGENCY:
ACTION:
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
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Office of the Secretary, HHS.
Notice.
Notice is hereby given that
the Office of Research Integrity (ORI)
has taken final action in the following
case:
H. Rosie Xing, Ph.D., University of
Chicago: Based on the report of an
investigation conducted by the
University of Chicago (UC) and
additional analysis by ORI in its
oversight review, ORI found that Dr. H.
Rosie Xing, former Assistant Professor,
UC, engaged in research misconduct in
research supported by National Cancer
Institute (NCI), National Institutes of
Health (NIH), grant R01 CA098022.
ORI found that Respondent engaged
in research misconduct (42 CFR 93.103–
104) by using images that had been
among a set of manipulated images
produced while at another institution,
which had been found to be false by that
institution. ORI found that Respondent
falsely reported these images in Figures
1D, 2A, and Supplementary Figures 1B
SUMMARY:
E:\FR\FM\15DEN1.SGM
15DEN1
]]>Agencies
[Federal Register Volume 79, Number 240 (Monday, December 15, 2014)]
[Notices]
[Pages 74088-74091]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-29247]
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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 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.
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 the extension for
three years, with revision, of the following reports:
1. Report title: The Government Securities Dealers Reports: Weekly
Report of Dealer Positions (FR 2004A), Weekly Report of Cumulative
Dealer Transactions (FR 2004B), Weekly Report of Dealer Financing and
Fails (FR 2004C), Weekly Report of Specific Issues (FR 2004SI), Daily
Report of Specific Issues (FR 2004SD), Supplement to the Daily Report
of Specific Issues (FR 2004SD ad hoc), and Daily Report of Dealer
Activity in Treasury Financing (FR 2004WI), Settlement Cycle Report of
Dealer Fails and Transaction Volumes Class A (FR 2004FA), Settlement
Cycle Report of Dealer Fails and Transaction Volumes Class B (FR
2004FB), Settlement Cycle Report of Dealer Fails and Transaction
Volumes Class C (FR 2004FC), Settlement Cycle Report of Dealer Fails
and Transaction Volumes Class A, B, and C (FR 2004FM).
Agency form number: FR 2004.
OMB control number: 7100-0003.
Effective Date: January 7, 2015.
Frequency: Weekly, daily, monthly.
Reporters: Dealers in the U.S. government securities market.
Estimated annual reporting hours: FR 2004A, 3,432 hours; FR 2004B,
4,233 hours; FR 2004C, 3,546 hours; FR 2004SI, 2,517 hours; FR 2004SD,
1,210 hours; FR 2004SD ad hoc, 528 hours; FR 2004WI, 3,520 hours; FR
2004FA, 264 hours; FR 2004FB, 264 hours; FR 2004FC, 264 hours; FR
2004FM, 396 hours.
Estimated average hours per response: FR 2004A, 3.0 hours; FR
2004B, 3.7 hours; FR 2004C, 3.1 hours; FR 2004SI, 2.2 hours; FR 2004SD,
2.2 hours; FR 2004SD ad hoc, 2.0 hours; FR 2004WI, 1.0 hour; FR 2004FA,
1.0 hour; FR 2004FB, 1.0 hour; FR 2004FC, 1.0 hour; FR 2004FM, 1.5
hours.
Number of respondents: 22.
General description of report: This information collection is
authorized by sections 2A, 12A(c), 14, and 15 of the Federal Reserve
Act (12 U.S.C. 225a, 263c, 353-359, and 391) and is required to obtain
or retain the benefit of dealer status. Individual respondent data are
regarded as confidential under the Freedom of Information Act (5 U.S.C.
552(b)(4) and (b)(8)).
Abstract: The FR 2004A collects weekly data on dealers' outright
positions in Treasury and other marketable debt securities. The FR
2004B collects cumulative weekly data on the volume of transactions
made by dealers in the same instruments for which positions are
reported on the FR 2004A. The FR 2004C collects weekly
[[Page 74089]]
data on the amounts of dealer financing and fails. The FR 2004SI
collects weekly data on position, transaction, financing, and fails for
the most recently issued on-the-run Treasury securities (the most
recently issued Treasury securities for each maturity class). When
unusual trading practices occur for a specific security, this
information can be collected on a daily basis on the FR 2004SD for
either on-the-run Treasury securities or off-the-run Treasury
securities. The FR 2004SD ad hoc collects up to 10 ad hoc data items
for instances when critical information for additional Treasury market
surveillance is required. The FR 2004WI collects daily data on
positions in to-be-issued Treasury coupon securities, mainly the
trading on a when-issued delivery basis.
Current Actions: On September 24, 2014, the Federal Reserve
published a notice in the Federal Register (79 FR 57101) requesting
public comment for 60 days on the extension, with revision, of the
Government Securities Dealers Reports (FR 2004). The comment period for
this notice expired on November 24, 2014. The Federal Reserve did not
receive any comments. The revisions will be implemented as proposed.
2. Report title: Weekly Report of Selected Assets and Liabilities
of Domestically Chartered Commercial Banks and U.S. Branches and
Agencies of Foreign Banks.
Agency form number: FR 2644.
OMB control number: 7100-0075.
Effective Date: January 7, 2015.
Frequency: Weekly.
Reporters: Domestically chartered commercial banks and U.S.
branches and agencies of foreign banks.
Estimated annual reporting hours: 127,400 hours.
Estimated average hours per response: 2.80 hours.
Number of respondents: 875.
General description of report: The FR 2644 is authorized by section
2A and 11(a)(2) of the Federal Reserve Act (12 U.S.C. 225(a) and
248(a)(2)) and by section 7(c)(2) of the International Banking Act (12
U.S.C. 3105(c)(2)) and is voluntary. Individual respondent data are
regarded as confidential under the Freedom of Information Act (5 U.S.C.
552(b)(4)).
Abstract: The FR 2644 is the only source of high-frequency data
used in the analysis of current banking developments. The FR 2644
collects sample data that are used to estimate universe levels using
data from the quarterly commercial bank Consolidated Reports of
Condition and Income (FFIEC 031 and 041; OMB No. 7100-0036) and the
Report of Assets and Liabilities of U.S. Branches and Agencies of
Foreign Banks (FFIEC 002; OMB No. 7100-0032) (Call Reports). Data from
the FR 2644, together with data from other sources, are used to
construct weekly estimates of bank credit, balance sheet data for the
U.S. banking industry, sources and uses of banks' funds, and to analyze
banking and monetary developments.
Current Actions: On September 24, 2014, the Federal Reserve
published a notice in the Federal Register (79 FR 57101) requesting
public comment for 60 days on the extension, with revision, of the
Weekly Report of Selected Assets and Liabilities of Domestically
Chartered Commercial Banks and U.S. Branches and Agencies of Foreign
Banks (FR 2644). The comment period for this notice expired on November
24, 2014. The Federal Reserve received a comment letter from a bank
regarding the proposed revision to the FR 2644. The commenter expressed
the opinion that the effective date of the revision (January 7, 2015)
may not be the optimal time to change the report because this would be
the beginning of the financial reporting season for banks. The
commenter noted that the proposed revisions to the report would require
additional work by the respondents for implementation and, because bank
staff would be involved in producing year-end reports, the accuracy of
the reported data may be compromised. The commenter suggested that the
effective date of the revised report should be reconsidered. The
Federal Reserve recognizes that respondents have additional reporting
responsibilities at the end-of-quarter and end-of-year periods. In the
event that respondents anticipate difficulty implementing the changes
by the effective date, the Federal Reserve would accept estimated data
until actual data becomes available. In addition, Reserve Bank staff
would be available to assist respondents with the reporting
requirements. After careful consideration of the comment letter and
with the estimated reporting option discussed above, the revisions will
be implemented as proposed.
Final approval under OMB delegated authority the extension for
three years, without revision, of the following reports:
1. Report title: Quarterly Savings and Loan Holding Company Report.
Agency form number: FR 2320.
OMB control number: 7100-0345.
Frequency: Quarterly.
Reporters: Top and lower-tier savings and loan holding companies
(SLHCs).
Estimated annual reporting hours: 180 hours.
Estimated average hours per response: 2.5 hours.
Number of respondents: 18.
General description of report: This information collection is
mandatory pursuant to section 10 of the Home Owners' Loan Act (HOLA),
(12 U.S.C. 1467a(b)(2)) as amended by Pub. L. 111-201, Sec. 369(8).
Data items C572, C573, and C574 on Schedule H 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 on
Schedule HC, the Federal Reserve has determined that institutions may
request confidential treatment for any FR 2320 data item or for all FR
2320 data items, and confidential treatment will be reviewed on a case-
by-case basis.
Abstract: The FR 2320 collects select parent only and consolidated
balance sheet and income statement financial data and organizational
structure data from savings and loan holding companies (SLHCs) exempt
from initially filing Federal Reserve regulatory reports. The FR 2320
is used by the Federal Reserve to analyze the overall financial
condition of exempt SLHCs to ensure safe and sound operations. These
data assist the Federal Reserve in the evaluation of a diversified
holding company and in determining whether an institution is in
compliance with applicable laws and regulations.
Current Actions: On September 24, 2014, the Federal Reserve
published a notice in the Federal Register (79 FR 57101) requesting
public comment for 60 days on the extension, without revision, for this
information collection. The comment period for this notice expired on
November 24, 2014. The Federal Reserve did not receive any comments.
The information collection will be extended as proposed.
2. Report title: Notifications Related to Community Development and
Public Welfare Investments of State Member Banks.
Agency form number: FR H-6.
OMB control number: 7100-0278.
Frequency: Event-generated.
Reporters: State member banks.
Estimated annual reporting hours: 182.
Estimated average hours per response: Post Notification, 2 hours;
Application (Prior Approval) 5 hours; and Extension of divestiture
period, 5 hours.
Number of respondents: Post Notification, 16; Application (Prior
Approval), 29; and Extension of divestiture period, 1.
General description of report: This information collection is
authorized by the Federal Reserve Act, 12 U.S.C. 338a, and by the
Board's Regulation H, 12 CFR 208.22. The obligation of state member
banks to make public welfare
[[Page 74090]]
investments under both the Reserve Bank post-notice and the Board's
prior approval procedure is mandatory. The request for extension of the
divestiture period is required to obtain a benefit. Individual
respondent data generally are not regarded as confidential. However, a
bank that submits confidential proprietary information may request
confidential treatment of that information pursuant to section (b)(4)
of the Freedom of Information Act (FOIA), 5 U.S.C. 552(b)(4), and the
information will be accorded confidential treatment if the institution
can establish the potential for substantial competitive harm under the
standards set forth in National Park & Conservation Ass'n v. Morton,
498 F.2d 765 (DC Cir. 1974). Such a determination would be made on a
case-by-case in response to a specific request for disclosure. If
examination rations are included in a submission, those will be
considered confidential under exemption 8 of the FOIA, 5 U.S.C.
552(b)(8).
Abstract: Regulation H requires state member banks planning to make
community development or public welfare investments to comply with the
Regulation H notification requirements: (1) If the investment does not
require prior Board approval, a written notice must be sent to the
appropriate Federal Reserve Bank; (2) if certain criteria are not met,
and requires prior Board approval, a request for approval must be sent
to the appropriate Federal Reserve Bank; and, (3) if the Board orders
divestiture, but the bank cannot divest within the established time
limit, a request or requests for extension of the divestiture period
must be submitted to the appropriate Federal Reserve Bank.
Current Actions: On September 24, 2014, the Federal Reserve
published a notice in the Federal Register (79 FR 57101) requesting
public comment for 60 days on the extension, without revision, for this
information collection. The comment period for this notice expired on
November 24, 2014. The Federal Reserve did not receive any comments.
The information collection will be extended as proposed.
3. Report title: International Applications and Prior Notifications
under Subparts A and C of Regulation K.
Agency form number: FR K-1.
OMB control number: 7100-0107.
Frequency: Event-generated.
Reporters: State member banks, national banks, bank holding
companies, Edge and agreement corporations, and certain foreign banking
organizations.
Annual reporting hours: 1,013 hours.
Estimated average hours per response: Attachments A and B, 11.5
hours; Attachments C through G, 10 hours; Attachments H and I, 15.5
hours; Attachment J, 10 hours; Attachment K, 20 hours.
Number of respondents: 35.
General description of report: This information collection is
mandatory (12 U.S.C. 601-604(a), 611-631, 1843(c)(13), 1843(c)(14), and
1844(c)) and is not given confidential treatment. The information
submitted in the FR K-1 is considered to be public unless an
institution requests confidential treatment for portions of the
particular application or notification. Applicants may rely on any
Freedom of Information Act (FOIA) exemption, but such requests for
confidentiality must contain detailed justifications corresponding to
the claimed FOIA exemption. Requests for confidentiality must be
evaluated on a case-by-case basis.
Abstract: Subpart A of Regulation K governs the foreign investments
and activities of member banks, Edge and agreement corporations, bank
holding companies (BHCs), and certain investments by foreign
organizations. Subpart C of Regulation K governs investments in export
trading companies. The FR K-1 information collection contains eleven
attachments for the application and notification requirements embodied
in Subparts A and C of Regulation K. The Federal Reserve requires these
applications for regulatory and supervisory purposes and to allow the
Federal Reserve to fulfill its statutory obligations under the Federal
Reserve Act and the Bank Holding Company Act of 1956. The applications
are event-generated and provide the Federal Reserve with information
necessary to evaluate each of the proposed transactions.
Current Actions: On September 24, 2014, the Federal Reserve
published a notice in the Federal Register (79 FR 57101) requesting
public comment for 60 days on the extension, without revision, for this
information collection. The comment period for this notice expired on
November 24, 2014. The Federal Reserve did not receive any comments.
The information collection will be extended as proposed.
4. Report title: International Applications and Prior Notifications
Under Subpart B of Regulation K.
Agency form number: FR K-2.
OMB control number: 7100-0284.
Frequency: On occasion.
Reporters: Foreign banks.
Annual reporting hours: 490 hours.
Estimated average hours per response: 35 hours.
Number of respondents: 14.
General description of report: This information collection is
mandatory (12 U.S.C. 3105, 3107, and 3108). The applying or notifying
organization may request that portions of the information contained in
the FR K-2 be afforded confidential treatment. To do so, applicants
must demonstrate how the information for which confidentiality is
requested would fall within the scope of one or more of the exemptions
contained in the Freedom of Information Act. Any such request would
have to be evaluated on a case-by-case basis.
Abstract: Foreign banks are required to obtain the prior approval
of the Federal Reserve to establish a branch, agency, or representative
office; to acquire ownership or control of a commercial lending company
in the United States; or to change the status of any existing office in
the United States. The Federal Reserve uses the information, in part,
to fulfill its statutory obligation to supervise foreign banking
organizations with offices in the United States.
Current Actions: On September 24, 2014, the Federal Reserve
published a notice in the Federal Register (79 FR 57101) requesting
public comment for 60 days on the extension, without revision, for this
information collection. The comment period for this notice expired on
November 24, 2014. The Federal Reserve did not receive any comments.
The information collection will be extended as proposed.
5. Report title: Application for Prior Approval to Become a Bank
Holding Company, or for a Bank Holding Company to Acquire an Additional
Bank or Bank Holding Company; Notice for Prior Approval to Become a
Bank Holding Company, or for a Bank Holding Company to Acquire an
Additional Bank or Bank Holding Company; and Notification for Prior
Approval to Engage Directly or Indirectly in Certain Nonbanking
Activities.
Agency form numbers: FR Y-3, FR Y-3N, and FR Y-4.
OMB control number: 7100-0121.
Frequency: Event-generated.
Reporters: Corporations seeking to become bank holding companies
(BHCs), or BHCs and state chartered banks that are members of the
Federal Reserve System.
Annual reporting hours: 11,924 hours.
Estimated average hours per response: FR Y-3, Section 3(a)(1): 49
hours; FR Y-3, Section 3(a)(3) and 3(a)(5): 59.5 hours; FR Y-3N,
Sections 3(a)(1), 3(a)(3), and 3(a)(5): 5 hours; FR Y-4, complete
notification: 12 hours; FR Y-4,
[[Page 74091]]
expedited notification: 5 hours; and FR Y-4, post-consummation: 0.5
hours.
Number of respondents: 279.
General description of reports: The FR Y-3 application and FR Y-3N
notification are mandatory (12 U.S.C. 1842(a), 1844(b), and
1843(j)(1)(b)). The FR Y-4 notification is mandatory (12 U.S.C.
1843(j)(1)(b)). These information collections are not given
confidential treatment. Applicants may rely on any Freedom of
Information Act (FOIA) exemption, but such requests for confidentiality
must contain detailed justifications corresponding to the claimed FOIA
exemption. Requests for confidentiality must be evaluated on a case-by-
case basis.
Abstract: The Federal Reserve requires the submission of these
filings for regulatory and supervisory purposes and to allow the
Federal Reserve to fulfill its statutory obligations under the Bank
Holding Company Act of 1956 (the BHC Act). These filings collect
information on proposals by BHCs involving formations, acquisitions,
mergers, and nonbanking activities. The Federal Reserve must obtain
this information to evaluate each individual transaction with respect
to financial and managerial factors, permissibility, competitive
effects, net public benefits, and the impact on the convenience and
needs of affected communities.
Current Actions: On September 24, 2014, the Federal Reserve
published a notice in the Federal Register (79 FR 57101) requesting
public comment for 60 days on the extension, without revision, for
these information collections. The comment period for this notice
expired on November 24, 2014. The Federal Reserve did not receive any
comments. The information collection will be extended as proposed.
6. Report title: Application for a Foreign Organization to Acquire
a Bank Holding Company.
Agency form number: FR Y-3F.
OMB control number: 7100-0119.
Frequency: On occasion.
Reporters: Any company organized under the laws of a foreign
country seeking to acquire a U.S. subsidiary bank or bank holding
company.
Annual reporting hours: 440 hours.
Estimated average hours per response: Initial application, 90
hours; subsequent application, 70 hours.
Number of respondents: Initial application, 1; subsequent
application, 5.
General description of report: This information collection is
required to obtain or retain a benefit under sections 3(a), 3(c), and
5(a) through 5(c) of the Bank Holding Company Act (12 U.S.C. 1842(a)
and (c) and 1844(a) through (c)). The information provided in the
application is not confidential unless the applicant specifically
requests confidentiality and the Federal Reserve approves the request.
The instructions convey the confidentiality requirements to applicants.
Abstract: Under the Bank Holding Company Act (BHCA), submission of
this application is required for any company organized under the laws
of a foreign country seeking to acquire a U.S. subsidiary bank or bank
holding company. Applicants must provide financial and managerial
information, discuss the competitive effects of the proposed
transaction, and discuss how the proposed transaction would enhance the
convenience and needs of the community to be served. The Federal
Reserve uses the information, in part, to fulfill its supervisory
responsibilities with respect to foreign banking organizations in the
United States.
Current Actions: On September 24, 2014, the Federal Reserve
published a notice in the Federal Register (79 FR 57101) requesting
public comment for 60 days on the extension, without revision, for this
information collection. The comment period for this notice expired on
November 24, 2014. The Federal Reserve did not receive any comments.
The information collection will be extended as proposed.
Board of Governors of the Federal Reserve System, December 9,
2014.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2014-29247 Filed 12-12-14; 8:45 am]
BILLING CODE 6210-01-P
