Proposed Agency Information Collection Activities; Comment Request, 64000-64002 [2015-26817]
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64000
Federal Register / Vol. 80, No. 204 / Thursday, October 22, 2015 / Notices
requirement and as discussed in the
prior Notice, when determining the
2016 baseline conforming loan limit this
November, the third quarter 2015 price
level will be compared to the price level
in the third-quarter of 2007—the base
period for the recent price decline. As
the expanded-data HPI has now been
selected as the reference index, market
participants can expect that the net
price change (positive or negative) will
be computed over that interval using the
expanded-data HPI.
Dated: October 15, 2015.
Melvin L. Watt,
Director, Federal Housing Finance Agency.
[FR Doc. 2015–26778 Filed 10–21–15; 8:45 am]
BILLING CODE 8070–01–P
Board of Governors of the Federal Reserve
System, October 19, 2015.
Michael J. Lewandowski,
Associate Secretary of the Board.
FEDERAL RESERVE SYSTEM
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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 November 16,
2015.
A. Federal Reserve Bank of Richmond
(Adam M. Drimer, Assistant Vice
U.S.C. 1454(a)(2)) of the Freddie Charter. These
sections were amended by HERA sections 1124(a)
and (b), 122 Stat. 2691–2692.
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Jkt 238001
President) 701 East Byrd Street,
Richmond, Virginia 23261–4528:
1. Premier Financial Bancorp, Inc.,
Huntington, West Virginia; to merge
with First National Bankshares
Corporation, and thereby indirectly
acquire First National Bank, both in
Ronceverte, West Virginia.
B. Federal Reserve Bank of Dallas
(Robert L. Triplett III, Senior Vice
President) 2200 North Pearl Street,
Dallas, Texas 75201–2272:
1. WSB Bancshares, Inc., Wellington,
Texas; to acquire 100 percent of the
voting share of XIT Bancshares, Inc.,
and thereby indirectly acquire voting
shares of Security State Bank, both in
Littlefield, Texas.
[FR Doc. 2015–26847 Filed 10–21–15; 8:45 am]
BILLING CODE 6210–01–P
President) 1000 Peachtree Street NE.,
Atlanta, Georgia 30309:
1. Michael William Mathis of Rome,
Georgia; to acquire voting shares of RCB
Financial Corporation, and thereby
indirectly acquire voting shares of River
City Bank, both of Rome, Georgia.
C. Federal Reserve Bank of Dallas
(Robert L. Triplett III, Senior Vice
President) 2200 North Pearl Street,
Dallas, Texas 75201–2272:
1. Mary Ann Blaylock, Midland,
Texas, individually and Martha Sue
Oliver, San Angelo, Texas, individually
and as trustee of the Maxine Page 2015
Bank Stock Trust and the James Page
Trust; to acquire voting shares of First
Eldorado Bancshares, Inc., Eldorado,
Texas, and thereby indirectly acquire
The First National Bank of Eldorado,
Eldorado, Texas.
Board of Governors of the Federal Reserve
System, October 16, 2015.
Margaret McCloskey Shanks,
Deputy Secretary of the Board.
[FR Doc. 2015–26792 Filed 10–21–15; 8:45 am]
FEDERAL RESERVE SYSTEM
BILLING CODE 6210–01–P
Change in Bank Control Notices;
Acquisitions of Shares of a Bank or
Bank Holding Company
FEDERAL RESERVE SYSTEM
The notificants listed below have
applied under the Change in Bank
Control Act (12 U.S.C. 1817(j)) and
§ 225.41 of the Board’s Regulation Y (12
CFR 225.41) to acquire shares of a bank
or bank holding company. The factors
that are considered in acting on the
notices are set forth in paragraph 7 of
the Act (12 U.S.C. 1817(j)(7)).
The notices are available for
immediate inspection at the Federal
Reserve Bank indicated. The notices
also will be available for inspection at
the offices of the Board of Governors.
Interested persons may express their
views in writing to the Reserve Bank
indicated for that notice or to the offices
of the Board of Governors. Comments
must be received not later than
November 5, 2015.
A. Federal Reserve Bank of
Philadelphia (William Lang, Senior Vice
President) 100 North 6th Street,
Philadelphia, Pennsylvania 19105–
1521:
1. George K. Miller, Ft. Lauderdale,
Florida, individually and as part as a
group acting in concert with OceanFirst
Bank as the voting trustee of the George
K. Miller Voting Trust, Toms River, New
Jersey; to acquire voting shares of
Cornerstone Financial Corporation, and
thereby indirectly acquire voting shares
of Cornerstone Bank, both in Mt. Laurel,
New Jersey.
B. Federal Reserve Bank of Atlanta
(Chapelle Davis, Assistant Vice
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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 December 21, 2015.
ADDRESSES: You may submit comments,
identified by FR Y–12/12A, FR 2230, FR
4001, or Reg H–7 by any of the following
methods:
• Agency Web site: https://
www.federalreserve.gov. Follow the
AGENCY:
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Federal Register / Vol. 80, No. 204 / Thursday, October 22, 2015 / Notices
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 Clearance
Officer—Nuha Elmaghrabi—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 Proposals
The following information
collections, which are being handled
under this delegated authority, have
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18:05 Oct 21, 2015
Jkt 238001
received initial Board approval and are
hereby published for comment. At the
end of the comment period, the
proposed information collections, 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;
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 Reports
1. Report title: Consolidated Bank
Holding Company Report of Equity
Investments in Nonfinancial Companies
and the Annual Report of Merchant
Banking Investments Held for an
Extended Period.
Agency form number: FR Y–12, FR
Y12A, respectively.
OMB control number: 7100–0300.
Frequency: FR Y–12: quarterly or
semi-annually, FR Y–12A: annually.
Reporters: Bank holding companies
(BHCs), financial holding companies
(FHCs) and savings and loan holding
companies (SLHCs).
Estimated annual reporting hours: FR
Y–12: 1,650 hours, FR Y–12A: 133
hours.
Estimated average hours per response:
FR Y–12: 16.5 hours, FR Y–12A: 7
hours.
Number of respondents: FR Y–12: 28,
FR Y–12A: 19.
General description of report: This
collection of information is mandatory
and authorized to be collected from
BHCs and FHCs pursuant to Section 5(c)
of the Bank Holding Company Act (12
U.S.C. 1844(c)(1)(A)) and from SLHCs
pursuant to section 10 of the Home
Owners Loan Act (12 U.S.C. 1467a(b)).
Overall, the Federal Reserve does not
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64001
consider the data collected on the FR Y–
12 to be confidential. However, a
holding company may request
confidential treatment pursuant to
sections (b)(4) of the Freedom of
Information Act (FOIA) (5 U.S.C.
552(b)(4)). The Board considers the data
collected on the FR Y–12A to be
confidential pursuant to sections (b)(4)
and (b)(8) of FOIA (5 U.S.C. 552(b)(4)
and (b)(8)).
Abstract: The FR Y–12 collects
information from certain domestic BHCs
and SLHCs on their equity investments
in nonfinancial companies. The FR Y–
12 data serve as an important riskmonitoring device for institutions active
in this business line by allowing
supervisory staff to monitor an
institution’s activity between review
dates. They also serve as an early
warning mechanism to identify
institutions whose activities in this area
are growing rapidly and therefore
warrant special supervisory attention.
The FR Y–12A is filed annually by
institutions that hold merchant banking
investments that are approaching the
end of the holding period permissible
under Regulation Y. The FR Y–12A data
continue to be a useful tool for
examiners to monitor institutions that
have merchant banking investments that
are approaching holding period
limitations.
2. Report title: Bank Secrecy Act
Suspicious Activity Report (BSA–SAR).
Agency form number: FR 2230.
OMB control number: 7100–0212.
Frequency: On occasion.
Reporters: State member banks
(SMBs), BHCs and their nonbank
subsidiaries, Edge and agreement
corporations, and the U.S. branches and
agencies, representative offices, and
nonbank subsidiaries of foreign banks
supervised by the Federal Reserve.
Estimated annual reporting hours:
159,071 hours.
Estimated average hours per response:
1.5 hours.
Number of respondents: 5,489.
General description of report: The
BSA–SAR is required by law, pursuant
to authority contained in the following
statutes: 12 U.S.C. 248(a)(1), 3105(c)(2),
3106(a), and 625 of the International
Banking Act, 12 U.S.C. 1844(c) of the
Bank Holding Company Act, and 12
U.S.C. 1818(s) of the Federal Deposit
Insurance Act. The obligation to file a
SAR is set forth in the Board’s rules, and
is mandatory for SMBs (12 CFR
208.62(c)); entities subject to the Bank
Holding Company Act and their
nonbank subsidiaries (12 CFR 225.4(f));
Edge and agreement corporations (12
CFR 211.5(k)); and U.S. branches,
agencies, and representative offices of
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64002
Federal Register / Vol. 80, No. 204 / Thursday, October 22, 2015 / Notices
foreign banks (12 CFR 211.24(f)). BSA–
SARs are exempt from FOIA disclosure
by 31 U.S.C. 5319, which specifically
provides that SARS ‘‘are exempt from
disclosure under section 552 of title 5’’,
and FOIA exemption 3, 5 U.S.C.
552(b)(3) (matters ‘‘specifically
exempted from disclosure by statute’’).
Abstract: Since 1996, the Federal
Reserve Board, the Office of the
Comptroller of the Currency, the Federal
Deposit Insurance Corporation, the
National Credit Union Administration,
and the Department of the Treasury’s
Financial Crimes Enforcement Network
have required certain types of financial
institutions to report known or
suspected violations of law and
suspicious transactions. To fulfill these
requirements, supervised banking
organizations file SARs. Law
enforcement agencies use the
information submitted on the reporting
form to initiate investigations and the
Federal Reserve uses the information in
the examination and oversight of
supervised institutions.
3. Report title: Domestic Branch
Notification.
Agency form number: FR 4001.
OMB control number: 7100–0097.
Frequency: On occasion.
Reporters: SMBs.
Estimated annual reporting hours:
131 hours.
Estimated average hours per response:
30 minutes for expedited notifications
and 1 hour for nonexpedited
notifications.
Number of respondents: 60 expedited
and 101 nonexpedited.
General description of report: Section
9(3) of the Federal Reserve Act, (12
U.S.C. 321), requires that SMBs obtain
prior Federal Reserve approval before
establishing a domestic branch. This
requirement is implemented by the
provisions of Section 208.6 of the
Board’s Regulation H, (12 CFR 208.6).
The obligation of SMBs to request prior
approval of the appropriate supervising
Reserve Bank in order to establish a
domestic branch is mandatory. The
individual respondent information in
the notification is not considered
confidential.
Abstract: The Federal Reserve Act and
Regulation H require an SMB to seek
prior approval of the Federal Reserve
System before establishing or acquiring
a domestic branch. Such requests for
approval must be filed as notifications
at the appropriate Reserve Bank for the
SMB. Due to the limited information
that an SMB generally has to provide for
branch proposals, there is no formal
reporting form for a domestic branch
notification. An SMB is required to
notify the Federal Reserve by letter of its
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18:05 Oct 21, 2015
Jkt 238001
intent to establish one or more new
branches and provide with the letter
evidence that public notice of the
proposed branch(es) has been published
by the SMB in the appropriate
newspaper(s). The Federal Reserve uses
the information provided to fulfill its
statutory obligation to review any public
comment on proposed branches before
acting on the proposals and otherwise to
supervise SMBs.
4. Report title: Disclosure
Requirements in Connection With
Subpart H of Regulation H (Consumer
Protections in Sales of Insurance).
Agency form number: Reg H–7.
OMB control number: 7100–0298.
Frequency: On occasion.
Reporters: State member banks.
Estimated annual reporting hours:
13,372 hours.
Estimated average hours per response:
1.5 minutes
Number of respondents: 849.
General description of report: Section
305 of the Gramm-Leach-Bliley Act of
1999 requires that the Federal Reserve
and the other federal banking agencies
issue joint regulations applicable to
retail sales practices, solicitations,
advertising, or offers of insurance by
depository institutions. (12 U.S.C.
1831x) Subpart H of the Federal
Reserve’s Regulation H, Consumer
Protection in Sales of Insurance,
implements section 305 on behalf of the
Federal Reserve, and provides for the
disclosures outlined above. (12 CFR part
208, subpart H) The obligation of SMBs
to make these disclosures is mandatory.
Since the Federal Reserve does not
collect any information, no issue of
confidentiality normally arises.
Abstract: Subpart H of Regulation H
was adopted pursuant to section 305 of
the Gramm-Leach-Bliley Act of 1999,
which required the federal banking
agencies to issue joint regulations
governing retail sales practices,
solicitations, advertising, and offers of
insurance by, on behalf of, or at the
offices of insured depository
institutions. The insurance consumer
protection rules in Regulation H require
depository institutions to prepare and
provide certain disclosures to
consumers. Covered persons are
required to make certain disclosures
before the completion of the initial sale
of an insurance product or annuity to a
consumer and at the time a consumer
applies for an extension of credit in
connection with which and insurance
product or annuity is solicited, offered,
or sold.
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Board of Governors of the Federal Reserve
System, October 19, 2015.
Robert deV. Frierson
Secretary of the Board.
[FR Doc. 2015–26817 Filed 10–21–15; 8:45 am]
BILLING CODE 6210–01–P
FEDERAL RETIREMENT THRIFT
INVESTMENT BOARD
Sunshine Act; Notice of ETAC Meeting
MATTERS TO BE CONSIDERED
AGENDA
Employee Thrift Advisory Council
October 29, 2015, 1:00 p.m., 10th
Floor Board Meeting Room, 77 K Street
NE., Washington, DC 20002.
1. Approval of the minutes of the
August 6, 2015 ETAC meeting
2. Thrift Savings Fund Statistics
3. Auto Escalation
4. Choosing a Financial Vendor
5. Investment Policy
6. New Business
CONTACT PERSON FOR MORE INFORMATION:
Kimberly Weaver, Director, Office of
External Affairs, (202) 942–1640.
Dated: October 19, 2015.
Megan Grumbine,
Deputy General Counsel, Federal Retirement
Thrift Investment Board.
[FR Doc. 2015–26941 Filed 10–20–15; 11:15 am]
BILLING CODE 6760–01–P
DEPARTMENT OF HEALTH AND
HUMAN SERVICES
Centers for Disease Control and
Prevention
[Docket No. CDC–2015–0089]
Proposed Vaccine Information
Materials for HPV (Human
Papillomavirus) Gardasil®-9 Vaccine
Centers for Disease Control and
Prevention (CDC), Department of Health
and Human Services (HHS).
ACTION: Notice with comment period.
AGENCY:
Under the National
Childhood Vaccine Injury Act (NCVIA)
(42 U.S.C. 300aa–26), the Centers for
Disease Control and Prevention (CDC)
within the Department of Health and
Human Services (HHS) develops
vaccine information materials that all
health care providers are required to
give to patients/parents prior to
administration of specific vaccines.
HHS/CDC seeks written comment on the
proposed vaccine information statement
for HPV (human papillomavirus)
Gardasil®-9 vaccine.
SUMMARY:
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]]>Agencies
[Federal Register Volume 80, Number 204 (Thursday, October 22, 2015)]
[Notices]
[Pages 64000-64002]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-26817]
-----------------------------------------------------------------------
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 December 21, 2015.
ADDRESSES: You may submit comments, identified by FR Y-12/12A, FR 2230,
FR 4001, or Reg H-7 by any of the following methods:
Agency Web site: https://www.federalreserve.gov. Follow the
[[Page 64001]]
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 Clearance Officer--Nuha Elmaghrabi--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 Proposals
The following information collections, which are being handled
under this delegated authority, have received initial Board approval
and are hereby published for comment. At the end of the comment period,
the proposed information collections, 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;
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 Reports
1. Report title: Consolidated Bank Holding Company Report of Equity
Investments in Nonfinancial Companies and the Annual Report of Merchant
Banking Investments Held for an Extended Period.
Agency form number: FR Y-12, FR Y12A, respectively.
OMB control number: 7100-0300.
Frequency: FR Y-12: quarterly or semi-annually, FR Y-12A: annually.
Reporters: Bank holding companies (BHCs), financial holding
companies (FHCs) and savings and loan holding companies (SLHCs).
Estimated annual reporting hours: FR Y-12: 1,650 hours, FR Y-12A:
133 hours.
Estimated average hours per response: FR Y-12: 16.5 hours, FR Y-
12A: 7 hours.
Number of respondents: FR Y-12: 28, FR Y-12A: 19.
General description of report: This collection of information is
mandatory and authorized to be collected from BHCs and FHCs pursuant to
Section 5(c) of the Bank Holding Company Act (12 U.S.C. 1844(c)(1)(A))
and from SLHCs pursuant to section 10 of the Home Owners Loan Act (12
U.S.C. 1467a(b)). Overall, the Federal Reserve does not consider the
data collected on the FR Y-12 to be confidential. However, a holding
company may request confidential treatment pursuant to sections (b)(4)
of the Freedom of Information Act (FOIA) (5 U.S.C. 552(b)(4)). The
Board considers the data collected on the FR Y-12A to be confidential
pursuant to sections (b)(4) and (b)(8) of FOIA (5 U.S.C. 552(b)(4) and
(b)(8)).
Abstract: The FR Y-12 collects information from certain domestic
BHCs and SLHCs on their equity investments in nonfinancial companies.
The FR Y-12 data serve as an important risk-monitoring device for
institutions active in this business line by allowing supervisory staff
to monitor an institution's activity between review dates. They also
serve as an early warning mechanism to identify institutions whose
activities in this area are growing rapidly and therefore warrant
special supervisory attention. The FR Y-12A is filed annually by
institutions that hold merchant banking investments that are
approaching the end of the holding period permissible under Regulation
Y. The FR Y-12A data continue to be a useful tool for examiners to
monitor institutions that have merchant banking investments that are
approaching holding period limitations.
2. Report title: Bank Secrecy Act Suspicious Activity Report (BSA-
SAR).
Agency form number: FR 2230.
OMB control number: 7100-0212.
Frequency: On occasion.
Reporters: State member banks (SMBs), BHCs and their nonbank
subsidiaries, Edge and agreement corporations, and the U.S. branches
and agencies, representative offices, and nonbank subsidiaries of
foreign banks supervised by the Federal Reserve.
Estimated annual reporting hours: 159,071 hours.
Estimated average hours per response: 1.5 hours.
Number of respondents: 5,489.
General description of report: The BSA-SAR is required by law,
pursuant to authority contained in the following statutes: 12 U.S.C.
248(a)(1), 3105(c)(2), 3106(a), and 625 of the International Banking
Act, 12 U.S.C. 1844(c) of the Bank Holding Company Act, and 12 U.S.C.
1818(s) of the Federal Deposit Insurance Act. The obligation to file a
SAR is set forth in the Board's rules, and is mandatory for SMBs (12
CFR 208.62(c)); entities subject to the Bank Holding Company Act and
their nonbank subsidiaries (12 CFR 225.4(f)); Edge and agreement
corporations (12 CFR 211.5(k)); and U.S. branches, agencies, and
representative offices of
[[Page 64002]]
foreign banks (12 CFR 211.24(f)). BSA-SARs are exempt from FOIA
disclosure by 31 U.S.C. 5319, which specifically provides that SARS
``are exempt from disclosure under section 552 of title 5'', and FOIA
exemption 3, 5 U.S.C. 552(b)(3) (matters ``specifically exempted from
disclosure by statute'').
Abstract: Since 1996, the Federal Reserve Board, the Office of the
Comptroller of the Currency, the Federal Deposit Insurance Corporation,
the National Credit Union Administration, and the Department of the
Treasury's Financial Crimes Enforcement Network have required certain
types of financial institutions to report known or suspected violations
of law and suspicious transactions. To fulfill these requirements,
supervised banking organizations file SARs. Law enforcement agencies
use the information submitted on the reporting form to initiate
investigations and the Federal Reserve uses the information in the
examination and oversight of supervised institutions.
3. Report title: Domestic Branch Notification.
Agency form number: FR 4001.
OMB control number: 7100-0097.
Frequency: On occasion.
Reporters: SMBs.
Estimated annual reporting hours: 131 hours.
Estimated average hours per response: 30 minutes for expedited
notifications and 1 hour for nonexpedited notifications.
Number of respondents: 60 expedited and 101 nonexpedited.
General description of report: Section 9(3) of the Federal Reserve
Act, (12 U.S.C. 321), requires that SMBs obtain prior Federal Reserve
approval before establishing a domestic branch. This requirement is
implemented by the provisions of Section 208.6 of the Board's
Regulation H, (12 CFR 208.6). The obligation of SMBs to request prior
approval of the appropriate supervising Reserve Bank in order to
establish a domestic branch is mandatory. The individual respondent
information in the notification is not considered confidential.
Abstract: The Federal Reserve Act and Regulation H require an SMB
to seek prior approval of the Federal Reserve System before
establishing or acquiring a domestic branch. Such requests for approval
must be filed as notifications at the appropriate Reserve Bank for the
SMB. Due to the limited information that an SMB generally has to
provide for branch proposals, there is no formal reporting form for a
domestic branch notification. An SMB is required to notify the Federal
Reserve by letter of its intent to establish one or more new branches
and provide with the letter evidence that public notice of the proposed
branch(es) has been published by the SMB in the appropriate
newspaper(s). The Federal Reserve uses the information provided to
fulfill its statutory obligation to review any public comment on
proposed branches before acting on the proposals and otherwise to
supervise SMBs.
4. Report title: Disclosure Requirements in Connection With Subpart
H of Regulation H (Consumer Protections in Sales of Insurance).
Agency form number: Reg H-7.
OMB control number: 7100-0298.
Frequency: On occasion.
Reporters: State member banks.
Estimated annual reporting hours: 13,372 hours.
Estimated average hours per response: 1.5 minutes
Number of respondents: 849.
General description of report: Section 305 of the Gramm-Leach-
Bliley Act of 1999 requires that the Federal Reserve and the other
federal banking agencies issue joint regulations applicable to retail
sales practices, solicitations, advertising, or offers of insurance by
depository institutions. (12 U.S.C. 1831x) Subpart H of the Federal
Reserve's Regulation H, Consumer Protection in Sales of Insurance,
implements section 305 on behalf of the Federal Reserve, and provides
for the disclosures outlined above. (12 CFR part 208, subpart H) The
obligation of SMBs to make these disclosures is mandatory. Since the
Federal Reserve does not collect any information, no issue of
confidentiality normally arises.
Abstract: Subpart H of Regulation H was adopted pursuant to section
305 of the Gramm-Leach-Bliley Act of 1999, which required the federal
banking agencies to issue joint regulations governing retail sales
practices, solicitations, advertising, and offers of insurance by, on
behalf of, or at the offices of insured depository institutions. The
insurance consumer protection rules in Regulation H require depository
institutions to prepare and provide certain disclosures to consumers.
Covered persons are required to make certain disclosures before the
completion of the initial sale of an insurance product or annuity to a
consumer and at the time a consumer applies for an extension of credit
in connection with which and insurance product or annuity is solicited,
offered, or sold.
Board of Governors of the Federal Reserve System, October 19,
2015.
Robert deV. Frierson
Secretary of the Board.
[FR Doc. 2015-26817 Filed 10-21-15; 8:45 am]
BILLING CODE 6210-01-P
