Proposed Agency Information Collection Activities; Comment Request, 30248-30249 [2015-12740]
Download as PDF
30248
Federal Register / Vol. 80, No. 101 / Wednesday, May 27, 2015 / Notices
mstockstill on DSK4VPTVN1PROD with NOTICES
B. Interbank Fee
The Board recognizes that both ODFIs
and RDFIs will need to make
investments in systems and operations
to facilitate same-day ACH transactions.
ODFIs have the choice of offering a
same-day ACH service to originating
customers and may be able to offset
their investment through additional
service offerings and higher fees for
same-day processing. RDFIs, in contrast,
would not be able to refuse receipt of
same-day ACH transactions under a
mandatory participation requirement
and may incur same-day settlement
costs that they are unable to fully offset
through incremental revenue. As a
result, RDFIs may lack an effective
method of offsetting the investment and
ongoing costs of same-day ACH
settlement.
In light of this potential effect on
RDFIs, NACHA designed the interbank
fee to allow RDFIs to offset costs
associated with the up-front
investments and ongoing operating costs
necessary for accepting, posting, and
making funds available from same-day
transactions. The initial interbank fee
under NACHA’s amended operating
rules is 5.2 cents per forward
transaction.16 The amended operating
rules provide that the interbank fee
would be reduced if actual same-day
transaction volume exceeds original
projections by more than 25 percent
during regularly required review
periods.17 Ten years after the final phase
of implementation is effective, and
every ten years thereafter, NACHA will
reevaluate the interbank fee.18 In no
instance may the interbank fee be
increased from its initial level of 5.2
cents per forward transaction.
The Board requests comment on
whether the interbank fee included in
NACHA’s amended operating rules
equitably reapportions the initial
16 In the amended operating rules, the interbank
fee per transaction is equal to RDFIs’ estimated
costs of same-day ACH (plus a rate of return equal
to 12.2%), divided by projected same-day ACH
volume. To create the methodology for and the
calculation of the interbank fee, NACHA engaged a
consultant who surveyed and interviewed both
RDFIs and ODFIs to determine implementation and
ongoing costs. The final interbank fee does not
include the allowance for lost opportunity costs
that was included in NACHA’s December 2014
proposal. The original fee calculation proposed by
NACHA considered opportunity costs that included
the profits lost by RDFIs if some transactions
migrated to same-day ACH from other highermargin payment methods.
17 Same-day ACH volume will be reviewed five
years and eight years after the final phase of
implementation is effective.
18 NACHA’s reevaluation will not include
recovered implementation costs, and will be based
on the average costs incurred by RDFIs, same-day
ACH volumes, projected future developments, and
the extent to which the fee satisfied RDFI costs.
VerDate Sep<11>2014
16:45 May 26, 2015
Jkt 235001
implementation costs and ongoing
operating costs between ODFIs and
RDFIs.
By order of the Board of Governors of the
Federal Reserve System, May 21, 2015.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2015–12739 Filed 5–26–15; 8:45 am]
BILLING CODE 6210–01–P
FEDERAL RESERVE SYSTEM
Proposed Agency Information
Collection Activities; Comment
Request
Board of Governors of the
Federal Reserve System.
SUMMARY: On June 15, 1984, the Office
of Management and Budget (OMB)
delegated to the Board of Governors of
the Federal Reserve System (Board) its
approval authority under the Paperwork
Reduction Act (PRA), to approve of and
assign OMB numbers to collection of
information requests and requirements
conducted or sponsored by the Board.
Board-approved collections of
information are incorporated into the
official OMB inventory of currently
approved collections of information.
Copies of the PRA Submission,
supporting statements and approved
collection of information instruments
are placed into OMB’s public docket
files. The Federal Reserve may not
conduct or sponsor, and the respondent
is not required to respond to, an
information collection that has been
extended, revised, or implemented on or
after October 1, 1995, unless it displays
a currently valid OMB number.
DATES: Comments must be submitted on
or before July 27, 2015.
ADDRESSES: You may submit comments,
identified by Reg W, by any of the
following methods:
• Agency Web site: https://
www.federalreserve.gov. Follow the
instructions for submitting comments at
https://www.federalreserve.gov/apps/
foia/proposedregs.aspx.
• Federal eRulemaking Portal: https://
www.regulations.gov. Follow the
instructions for submitting comments.
• Email: regs.comments@
federalreserve.gov. Include OMB
number in the subject line of the
message.
• FAX: (202) 452–3819 or (202) 452–
3102.
• Mail: Robert deV. Frierson,
Secretary, Board of Governors of the
Federal Reserve System, 20th Street and
Constitution Avenue NW., Washington,
DC 20551.
All public comments are available
from the Board’s Web site at https://
AGENCY:
PO 00000
Frm 00043
Fmt 4703
Sfmt 4703
www.federalreserve.gov/apps/foia/
proposedregs.aspx as submitted, unless
modified for technical reasons.
Accordingly, your comments will not be
edited to remove any identifying or
contact information. Public comments
may also be viewed electronically or in
paper form in Room 3515, 1801 K Street
(between 18th and 19th Streets NW.)
Washington, DC 20006 between 9:00
a.m. and 5:00 p.m. on weekdays.
Additionally, commenters may send a
copy of their comments to the OMB
Desk Officer—Shagufta Ahmed—Office
of Information and Regulatory Affairs,
Office of Management and Budget, New
Executive Office Building, Room 10235
725 17th Street NW., Washington, DC
20503 or by fax to (202) 395–6974.
FOR FURTHER INFORMATION CONTACT: A
copy of the PRA OMB submission,
including the proposed reporting form
and instructions, supporting statement,
and other documentation will be placed
into OMB’s public docket files, once
approved. These documents will also be
made available on the Federal Reserve
Board’s public Web site at: https://
www.federalreserve.gov/apps/
reportforms/review.aspx or may be
requested from the agency clearance
officer, whose name appears below.
Federal Reserve Board Acting
Clearance Officer—Mark Tokarski—
Office of the Chief Data Officer, Board
of Governors of the Federal Reserve
System, Washington, DC 20551 (202)
452–3829. Telecommunications Device
for the Deaf (TDD) users may contact
(202) 263–4869, Board of Governors of
the Federal Reserve System,
Washington, DC 20551.
SUPPLEMENTARY INFORMATION:
Request for Comment on Information
Collection Proposal
The following information collection,
which is being handled under this
delegated authority, has received initial
Board approval and is hereby published
for comment. At the end of the comment
period, the proposed information
collection, along with an analysis of
comments and recommendations
received, will be submitted to the Board
for final approval under OMB delegated
authority. Comments are invited on the
following:
a. Whether the proposed collection of
information is necessary for the proper
performance of the Federal Reserve’s
functions; including whether the
information has practical utility;
b. The accuracy of the Federal
Reserve’s estimate of the burden of the
proposed information collection,
including the validity of the
methodology and assumptions used;
E:\FR\FM\27MYN1.SGM
27MYN1
Federal Register / Vol. 80, No. 101 / Wednesday, May 27, 2015 / Notices
c. Ways to enhance the quality,
utility, and clarity of the information to
be collected;
d. Ways to minimize the burden of
information collection on respondents,
including through the use of automated
collection techniques or other forms of
information technology; and
e. Estimates of capital or start up costs
and costs of operation, maintenance,
and purchase of services to provide
information.
mstockstill on DSK4VPTVN1PROD with NOTICES
Proposal To Approve Under OMB
Delegated Authority the Extension for
Three Years, Without Revision, of the
Following Report
Report title: Notice Requirements in
Connection with Regulation W (12 CFR
part 223 Transactions Between Member
Banks and Their Affiliates).
Agency form number: Reg W.
OMB control number: 7100–0304.
Frequency: Event-generated.
Reporters: Insured depository
institutions and uninsured member
banks.
Estimated annual reporting hours: 24
hours.
Estimated average hours per response:
Loan participation renewal notice, 2
hours; Acquisition notice, 6 hours;
Internal corporate reorganization
transactions notice, 6 hours; and Section
23A additional exemption notice, 10
hours.
Number of respondents: Loan
participation renewal notice, 1;
Acquisition notice, 1; Internal corporate
reorganization transactions notice, 1;
and Section 23A additional exemption
notice, 1.
General description of report: This
mandatory information collection is
required to evidence compliance with
sections 23A and 23B of the Federal
Reserve Act (12 U.S.C. 371c and 371c–
1). Confidential and proprietary
information collected for the purposes
of the Loan Participation Renewal
notice (12 CFR 223.15(b)(4)) may be
protected under the authority of section
(b)(4) of FOIA [5 U.S.C. 552(b)(4)]. That
section of FOIA exempts commercial or
financial information deemed
competitively sensitive from disclosure.
Respondents who desire that the
information on this notice be kept
confidential in accordance with section
(b)(4) can request confidential treatment
under the Board’s rules at 12 CFR
261.15. In addition, information that is
obtained as part of an examination of a
financial institution is exempt from
disclosure under exemption (b)(8) of
FOIA. 5 U.S.C. 552(b)(8).
Abstract: On December 12, 2002, the
Federal Reserve published a Federal
VerDate Sep<11>2014
16:45 May 26, 2015
Jkt 235001
Register notice 1 adopting Regulation W
(Reg W) to implement sections 23A and
23B. Reg W was effective April 1, 2003.
The Board issued Reg W for several
reasons. First, the regulatory framework
established by the Gramm-Leach-Bliley
Act 2 emphasized the importance of
sections 23A and 23B as a means to
protect depository institutions from
losses in transactions with affiliates.
Second, adoption of a comprehensive
rule simplified the interpretation and
application of sections 23A and 23B,
ensured that the statute is consistently
interpreted and applied, and minimized
burden on banking organizations to the
extent consistent with the statute’s
goals. Third, issuing a comprehensive
rule allowed the public an opportunity
to comment on Federal Reserve
interpretations of sections 23A and 23B.
The information collection
requirements associated with Regulation
W comprise four notices: (1) The Loan
Participation Renewal notice (12 CFR
223.15(b)(4)), which is a condition to an
exemption for renewals of loan
participations involving problem loans;
(2) the Acquisition notice (12 CFR
223.31(d)(4)), which is a condition to an
exemption for a depository institution’s
acquisition of an affiliate that becomes
an operating subsidiary of the
institution after the acquisition; (3) the
Internal Corporate Reorganization
Transactions notice (12 CFR
223.41(d)(2)), which is a condition to an
exemption for internal corporate
reorganization transactions; and (4) the
Section 23A Additional Exemption
notice (12 CFR 223.43(b)), which
provides procedures for requesting
additional exemptions from the
requirements of section 23A. These
notifications are event-generated and
must be provided to the appropriate
federal banking agency and, if
applicable, the Federal Reserve Board
within the time periods established by
the law and regulation.
30249
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 June 19, 2015.
A. Federal Reserve Bank of Richmond
(Adam M. Drimer, Assistant Vice
President) 701 East Byrd Street,
Richmond, Virginia 23261–4528:
1. Delmarva Bancshares, Inc.,
Cambridge, Maryland; to acquire 100
percent of the voting shares of Easton
Bancorp, Inc., and thereby indirectly
acquire voting shares of Easton Bank &
Trust Company, both in Easton,
Maryland.
Board of Governors of the Federal Reserve
System, May 21, 2015.
Michael J. Lewandowski,
Associate Secretary of the Board.
Board of Governors of the Federal Reserve
System, March 21, 2015.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2015–12722 Filed 5–26–15; 8:45 am]
[FR Doc. 2015–12740 Filed 5–26–15; 8:45 am]
BILLING CODE 6210–01–P
GENERAL SERVICES
ADMINISTRATION
FEDERAL RESERVE SYSTEM
[OMB Control No. 3090–0080 Docket 2015–
0001; Sequence 2]
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
1 (67
FR 76603).
Law 106–102, 113 Stat. 1338 (1999).
2 Public
PO 00000
Frm 00044
Fmt 4703
Sfmt 4703
BILLING CODE 6210–01–P
Submission to OMB for Review;
General Services Administration
Acquisition Regulation; Contract
Financing Final Payment (GSA Form
1142 Release of Claims)
AGENCY:
Office of Acquisition Policy,
GSA.
E:\FR\FM\27MYN1.SGM
27MYN1
Agencies
[Federal Register Volume 80, Number 101 (Wednesday, May 27, 2015)]
[Notices]
[Pages 30248-30249]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-12740]
-----------------------------------------------------------------------
FEDERAL RESERVE SYSTEM
Proposed Agency Information Collection Activities; Comment
Request
AGENCY: Board of Governors of the Federal Reserve System.
SUMMARY: On June 15, 1984, the Office of Management and Budget (OMB)
delegated to the Board of Governors of the Federal Reserve System
(Board) its approval authority under the Paperwork Reduction Act (PRA),
to approve of and assign OMB numbers to collection of information
requests and requirements conducted or sponsored by the Board. Board-
approved collections of information are incorporated into the official
OMB inventory of currently approved collections of information. Copies
of the PRA Submission, supporting statements and approved collection of
information instruments are placed into OMB's public docket files. The
Federal Reserve may not conduct or sponsor, and the respondent is not
required to respond to, an information collection that has been
extended, revised, or implemented on or after October 1, 1995, unless
it displays a currently valid OMB number.
DATES: Comments must be submitted on or before July 27, 2015.
ADDRESSES: You may submit comments, identified by Reg W, by any of the
following methods:
Agency Web site: https://www.federalreserve.gov. Follow the
instructions for submitting comments at https://www.federalreserve.gov/apps/foia/proposedregs.aspx.
Federal eRulemaking Portal: https://www.regulations.gov.
Follow the instructions for submitting comments.
Email: regs.comments@federalreserve.gov. Include OMB
number in the subject line of the message.
FAX: (202) 452-3819 or (202) 452-3102.
Mail: Robert deV. Frierson, Secretary, Board of Governors
of the Federal Reserve System, 20th Street and Constitution Avenue NW.,
Washington, DC 20551.
All public comments are available from the Board's Web site at
https://www.federalreserve.gov/apps/foia/proposedregs.aspx as submitted,
unless modified for technical reasons. Accordingly, your comments will
not be edited to remove any identifying or contact information. Public
comments may also be viewed electronically or in paper form in Room
3515, 1801 K Street (between 18th and 19th Streets NW.) Washington, DC
20006 between 9:00 a.m. and 5:00 p.m. on weekdays.
Additionally, commenters may send a copy of their comments to the
OMB Desk Officer--Shagufta Ahmed--Office of Information and Regulatory
Affairs, Office of Management and Budget, New Executive Office
Building, Room 10235 725 17th Street NW., Washington, DC 20503 or by
fax to (202) 395-6974.
FOR FURTHER INFORMATION CONTACT: A copy of the PRA OMB submission,
including the proposed reporting form and instructions, supporting
statement, and other documentation will be placed into OMB's public
docket files, once approved. These documents will also be made
available on the Federal Reserve Board's public Web site at: https://www.federalreserve.gov/apps/reportforms/review.aspx or may be requested
from the agency clearance officer, whose name appears below.
Federal Reserve Board Acting Clearance Officer--Mark Tokarski--
Office of the Chief Data Officer, Board of Governors of the Federal
Reserve System, Washington, DC 20551 (202) 452-3829. Telecommunications
Device for the Deaf (TDD) users may contact (202) 263-4869, Board of
Governors of the Federal Reserve System, Washington, DC 20551.
SUPPLEMENTARY INFORMATION:
Request for Comment on Information Collection Proposal
The following information collection, which is being handled under
this delegated authority, has received initial Board approval and is
hereby published for comment. At the end of the comment period, the
proposed information collection, along with an analysis of comments and
recommendations received, will be submitted to the Board for final
approval under OMB delegated authority. Comments are invited on the
following:
a. Whether the proposed collection of information is necessary for
the proper performance of the Federal Reserve's functions; including
whether the information has practical utility;
b. The accuracy of the Federal Reserve's estimate of the burden of
the proposed information collection, including the validity of the
methodology and assumptions used;
[[Page 30249]]
c. Ways to enhance the quality, utility, and clarity of the
information to be collected;
d. Ways to minimize the burden of information collection on
respondents, including through the use of automated collection
techniques or other forms of information technology; and
e. Estimates of capital or start up costs and costs of operation,
maintenance, and purchase of services to provide information.
Proposal To Approve Under OMB Delegated Authority the Extension for
Three Years, Without Revision, of the Following Report
Report title: Notice Requirements in Connection with Regulation W
(12 CFR part 223 Transactions Between Member Banks and Their
Affiliates).
Agency form number: Reg W.
OMB control number: 7100-0304.
Frequency: Event-generated.
Reporters: Insured depository institutions and uninsured member
banks.
Estimated annual reporting hours: 24 hours.
Estimated average hours per response: Loan participation renewal
notice, 2 hours; Acquisition notice, 6 hours; Internal corporate
reorganization transactions notice, 6 hours; and Section 23A additional
exemption notice, 10 hours.
Number of respondents: Loan participation renewal notice, 1;
Acquisition notice, 1; Internal corporate reorganization transactions
notice, 1; and Section 23A additional exemption notice, 1.
General description of report: This mandatory information
collection is required to evidence compliance with sections 23A and 23B
of the Federal Reserve Act (12 U.S.C. 371c and 371c-1). Confidential
and proprietary information collected for the purposes of the Loan
Participation Renewal notice (12 CFR 223.15(b)(4)) may be protected
under the authority of section (b)(4) of FOIA [5 U.S.C. 552(b)(4)].
That section of FOIA exempts commercial or financial information deemed
competitively sensitive from disclosure. Respondents who desire that
the information on this notice be kept confidential in accordance with
section (b)(4) can request confidential treatment under the Board's
rules at 12 CFR 261.15. In addition, information that is obtained as
part of an examination of a financial institution is exempt from
disclosure under exemption (b)(8) of FOIA. 5 U.S.C. 552(b)(8).
Abstract: On December 12, 2002, the Federal Reserve published a
Federal Register notice \1\ adopting Regulation W (Reg W) to implement
sections 23A and 23B. Reg W was effective April 1, 2003. The Board
issued Reg W for several reasons. First, the regulatory framework
established by the Gramm-Leach-Bliley Act \2\ emphasized the importance
of sections 23A and 23B as a means to protect depository institutions
from losses in transactions with affiliates. Second, adoption of a
comprehensive rule simplified the interpretation and application of
sections 23A and 23B, ensured that the statute is consistently
interpreted and applied, and minimized burden on banking organizations
to the extent consistent with the statute's goals. Third, issuing a
comprehensive rule allowed the public an opportunity to comment on
Federal Reserve interpretations of sections 23A and 23B.
---------------------------------------------------------------------------
\1\ (67 FR 76603).
\2\ Public Law 106-102, 113 Stat. 1338 (1999).
---------------------------------------------------------------------------
The information collection requirements associated with Regulation
W comprise four notices: (1) The Loan Participation Renewal notice (12
CFR 223.15(b)(4)), which is a condition to an exemption for renewals of
loan participations involving problem loans; (2) the Acquisition notice
(12 CFR 223.31(d)(4)), which is a condition to an exemption for a
depository institution's acquisition of an affiliate that becomes an
operating subsidiary of the institution after the acquisition; (3) the
Internal Corporate Reorganization Transactions notice (12 CFR
223.41(d)(2)), which is a condition to an exemption for internal
corporate reorganization transactions; and (4) the Section 23A
Additional Exemption notice (12 CFR 223.43(b)), which provides
procedures for requesting additional exemptions from the requirements
of section 23A. These notifications are event-generated and must be
provided to the appropriate federal banking agency and, if applicable,
the Federal Reserve Board within the time periods established by the
law and regulation.
Board of Governors of the Federal Reserve System, March 21,
2015.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2015-12740 Filed 5-26-15; 8:45 am]
BILLING CODE 6210-01-P