Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 51447-51448 [2016-18515]

Download as PDF Federal Register / Vol. 81, No. 150 / Thursday, August 4, 2016 / Notices Total Annual Burden: Based on the number of NVOCCs who have filed a rule or prominent notice in their respective tariffs, we calculate that 25% of new NVOCCs will use the NRA exemption. Of those, about 3% will use NRAs exclusively. Almost all will likely use similar language invoking the exemption in their tariffs. For the 255 new respondents that invoke the exemption annually and the 1,295 respondents that have invoked the exemption thus far, the total burden is calculated as follows: Modification of Tariff: 8 × 1 hour = 8 hours (3% using NRAs exclusively) 247 × .25 hour = 61.75 hours rounded to 62 (combination of tariff rates and NRAs) A total of 1,295 NVOCCs thus far have filed a rule or prominent notice in their tariffs invoking the exemption. For those, the recordkeeping burden is estimated as follows. Recordkeeping: 1,295 × 1 hour = 1,295 hours Total annual burden is estimated to be 1,365 hours. 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 August 22, 2016. A. 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 First Dalhart Bancshares, Inc., and therefore, indirectly acquire First National Bank in Dalhart, both of Dalhart, Texas. Board of Governors of the Federal Reserve System, August 1, 2016. Michele T. Fennell, Assistant Secretary of the Board. [FR Doc. 2016–18526 Filed 8–3–16; 8:45 am] BILLING CODE 6210–01–P Rachel E. Dickon, Assistant Secretary. FEDERAL RESERVE SYSTEM [FR Doc. 2016–18465 Filed 8–3–16; 8:45 am] Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company BILLING CODE 6731–AA–P FEDERAL RESERVE SYSTEM sradovich on DSK3GMQ082PROD with NOTICES 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 VerDate Sep<11>2014 18:12 Aug 03, 2016 Jkt 238001 The notificants listed below have applied under the Change in Bank Control Act (12 U.S.C. 1817(j)) and § 225.41 of the Board’s Regulation Y (12 CFR 225.41) to acquire shares of a bank or bank holding company. The factors that are considered in acting on the notices are set forth in paragraph 7 of the Act (12 U.S.C. 1817(j)(7)). The notices are available for immediate inspection at the Federal Reserve Bank indicated. The notices also will be available for inspection at the offices of the Board of Governors. Interested persons may express their views in writing to the Reserve Bank indicated for that notice or to the offices of the Board of Governors. Comments must be received not later than August 22, 2016. A. Federal Reserve Bank of Dallas (Robert L. Triplett III, Senior Vice President) 2200 North Pearl Street, Dallas, Texas 75201–2272: 1. Steven S. Mack, San Antonio, Texas, to acquire shares of Southwestern Bancorp, Inc., Boerne, Texas, and thereby, indirectly acquire shares of Texas Heritage Bank, both in Boerne, Texas. PO 00000 Frm 00018 Fmt 4703 Sfmt 4703 51447 Board of Governors of the Federal Reserve System, August 1, 2016. Michele T. Fennell, Assistant Secretary of the Board. [FR Doc. 2016–18527 Filed 8–3–16; 8:45 am] BILLING CODE 6210–01–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 a proposed information collection by the Board of Governors of the Federal Reserve System (Board) under OMB delegated authority. Boardapproved 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 Board 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: 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. 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 of the extension for three years, without revision, of the following reports: Report title: Report of Selected Balance Sheet Items for Discount Window Borrowers. Agency form number: FR 2046. OMB control number: 7100–0289. Frequency: On occasion. Reporters: Depository institutions. Estimated annual burden hours: Primary and Secondary Credit, 1 hour; Seasonal Credit, 383 hours. AGENCY: E:\FR\FM\04AUN1.SGM 04AUN1 sradovich on DSK3GMQ082PROD with NOTICES 51448 Federal Register / Vol. 81, No. 150 / Thursday, August 4, 2016 / Notices Estimated average hours per response: Primary and Secondary Credit, 0.75 hours; Seasonal Credit, 0.25 hours. Number of respondents: Primary and Secondary Credit, 1; Seasonal Credit, 85. General description of report: The Board’s Legal Division has determined that the FR 2046 is authorized pursuant to sections 10B and 19(b)(7) of the Federal Reserve Act (12 U.S.C. 347b and 461(b)(7)) and the Board’s Regulation A (12 CFR part 201). Sections 10B and 19(b)(7) authorize Federal Reserve Banks to make advances to a member bank or other depository institution on the borrower’s time or demand notes under rules and regulations prescribed by the Board. The Board’s Regulation A sets out the rules for obtaining such advances. The FR 2046 is required to obtain a benefit because an entity may be required to file the form in order to borrow from the Federal Reserve’s discount window. Individual respondent data are regarded as confidential under the Freedom of Information Act (5 U.S.C. 552(b)(4)). Abstract: The Federal Reserve’s Regulation A, Extensions of Credit by Federal Reserve Banks, requires that Reserve Banks review balance sheet data in determining whether to extend credit and to help ascertain whether undue use is made of such credit. Depository institutions that borrow from the discount window report on the FR 2046 certain balance sheet data for a period that encompasses the dates of borrowing. Current Actions: On May 19, 2016, the Board published a notice in the Federal Register (81 FR 31635) requesting public comment for 60 days on the extension, without revision, of the FR 2046. The comment period for this notice expired on July 18, 2016. The Federal Reserve did not receive any comments. Final approval under OMB delegated authority of the extension for three years, with revision, of the following report: Report title: Payments Research Survey. Agency form number: FR 3067. OMB control number: 7100–0355. Frequency: On occasion. Reporters: Depository institutions, financial and nonfinancial businesses and related entities, individual consumers, households, and federal, state and local government agencies. Estimated annual burden hours: 30,000 hours. Estimated average hours per response: 1.5 hours. Number of respondents: 10,000. VerDate Sep<11>2014 18:12 Aug 03, 2016 Jkt 238001 General description of report: This survey is generally authorized by sections 2A and 12A of the Federal Reserve Act (FRA). Section 2A of the FRA requires that the Board of Governors of the Federal Reserve System and the Federal Open Market Committee (FOMC) maintain long run growth of the monetary and credit aggregates commensurate with the economy’s long run potential to increase production, so as to promote effectively the goals of the maximum employment, stable prices, and moderate long-term interest rates (12 U.S.C. 225a). In addition, under section 12A of the FRA, the FOMC is required to implement regulations relating to the open market operations conducted by Federal Reserve Banks with a view to accommodating commerce and business and with regard to the regulations’ bearing upon the general credit situation of the country (12 U.S.C. 263). The authority of the Federal Reserve to collect economic data to carry out the requirements of these provisions is implicit. Accordingly, the Federal Reserve is authorized to use the FR 3067 by sections 2A and 12A of the FRA. Additionally, depending on the survey respondent, the information collection may be authorized under a more specific statute. These statutes are: • Expedited Funds Availability Act section 609 (12 U.S.C. 4008) • Electronic Fund Transfer Act section 920 (15 U.S.C. 1693o–2) • The Check Clearing for the 21st Century Act section 15 (12 U.S.C. 5014) • Federal Reserve Act section 11 (Examinations and reports, Supervision over Reserve Banks, and Federal Reserve Note provisions, 12 U.S.C. 248); section 11A (Pricing of Services, 12 U.S.C. 248a); section 13 (FRB deposits and collections, 12 U.S.C. 342); and section 16 (Issuance of Federal Reserve notes, par clearance, and FRB clearinghouse, 12 U.S.C. 248– 1, 360, and 411). Under the appropriate authority, the Federal Reserve may make submission of survey information mandatory for entities such as financial institutions or payment card networks; submissions would otherwise be voluntary. The ability of the Federal Reserve to maintain the confidentiality of information provided by respondents to the FR 3067 surveys will be determined on a case-by-case basis depending on the type of information provided for a particular survey. For instance, in some circumstances, no issue of confidentiality will arise as the surveys PO 00000 Frm 00019 Fmt 4703 Sfmt 9990 may be conducted by private firms under contract with the Federal Reserve and names or other directly identifying information would not be provided to the Federal Reserve. In circumstances where identifying information is provided to the Federal Reserve, such information could possibly be protected under the Freedom of Information Act (FOIA), exemptions 4 and 6. If the survey is mandatory and is undertaken as part of the supervisory process, information could be protected under FOIA exemption 8, which protects information relating to the examination reports (5 U.S.C. 552(b)(8)). Abstract: This survey collects information, as needed, on specific and time sensitive issues, which may affect the Federal Reserve’s decision making. Respondents may comprise depository institutions, financial and nonfinancial businesses and related entities, individual consumers, households, and federal, state and local government agencies. This survey may be mandatory for a certain subset of entities and voluntary for all other respondents. The Federal Reserve uses this event-driven survey to obtain information specifically tailored to the Federal Reserve System’s supervisory, regulatory, fiscal, and operational responsibilities. The Federal Reserve may conduct various versions of the survey, as needed, and may survey respondents up to four times per year. The frequency and content of the questions depends on changing economic, regulatory, supervisory, or legislative developments. Current Actions: On May 19, 2016, the Board published a notice in the Federal Register (81 FR 31635) requesting public comment for 60 days on the extension, with revision, of the FR 3067. The comment period for this notice expired on July 18, 2016. The Federal Reserve did not receive any comments. The revisions will be implemented as proposed. Board of Governors of the Federal Reserve System, July 28, 2016. Robert deV. Frierson Secretary of the Board. [FR Doc. 2016–18515 Filed 8–3–16; 8:45 am] BILLING CODE 6210–01–P E:\FR\FM\04AUN1.SGM 04AUN1

Agencies

[Federal Register Volume 81, Number 150 (Thursday, August 4, 2016)]
[Notices]
[Pages 51447-51448]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-18515]


-----------------------------------------------------------------------

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 a proposed 
information collection by the Board of Governors of the Federal Reserve 
System (Board) under OMB delegated authority. 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 Board 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: 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.
    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 of the extension for 
three years, without revision, of the following reports:
    Report title: Report of Selected Balance Sheet Items for Discount 
Window Borrowers.
    Agency form number: FR 2046.
    OMB control number: 7100-0289.
    Frequency: On occasion.
    Reporters: Depository institutions.
    Estimated annual burden hours: Primary and Secondary Credit, 1 
hour; Seasonal Credit, 383 hours.

[[Page 51448]]

    Estimated average hours per response: Primary and Secondary Credit, 
0.75 hours; Seasonal Credit, 0.25 hours.
    Number of respondents: Primary and Secondary Credit, 1; Seasonal 
Credit, 85.
    General description of report: The Board's Legal Division has 
determined that the FR 2046 is authorized pursuant to sections 10B and 
19(b)(7) of the Federal Reserve Act (12 U.S.C. 347b and 461(b)(7)) and 
the Board's Regulation A (12 CFR part 201). Sections 10B and 19(b)(7) 
authorize Federal Reserve Banks to make advances to a member bank or 
other depository institution on the borrower's time or demand notes 
under rules and regulations prescribed by the Board. The Board's 
Regulation A sets out the rules for obtaining such advances. The FR 
2046 is required to obtain a benefit because an entity may be required 
to file the form in order to borrow from the Federal Reserve's discount 
window. Individual respondent data are regarded as confidential under 
the Freedom of Information Act (5 U.S.C. 552(b)(4)).
    Abstract: The Federal Reserve's Regulation A, Extensions of Credit 
by Federal Reserve Banks, requires that Reserve Banks review balance 
sheet data in determining whether to extend credit and to help 
ascertain whether undue use is made of such credit. Depository 
institutions that borrow from the discount window report on the FR 2046 
certain balance sheet data for a period that encompasses the dates of 
borrowing.
    Current Actions: On May 19, 2016, the Board published a notice in 
the Federal Register (81 FR 31635) requesting public comment for 60 
days on the extension, without revision, of the FR 2046. The comment 
period for this notice expired on July 18, 2016. The Federal Reserve 
did not receive any comments.
    Final approval under OMB delegated authority of the extension for 
three years, with revision, of the following report:
    Report title: Payments Research Survey.
    Agency form number: FR 3067.
    OMB control number: 7100-0355.
    Frequency: On occasion.
    Reporters: Depository institutions, financial and nonfinancial 
businesses and related entities, individual consumers, households, and 
federal, state and local government agencies.
    Estimated annual burden hours: 30,000 hours.
    Estimated average hours per response: 1.5 hours.
    Number of respondents: 10,000.
    General description of report: This survey is generally authorized 
by sections 2A and 12A of the Federal Reserve Act (FRA). Section 2A of 
the FRA requires that the Board of Governors of the Federal Reserve 
System and the Federal Open Market Committee (FOMC) maintain long run 
growth of the monetary and credit aggregates commensurate with the 
economy's long run potential to increase production, so as to promote 
effectively the goals of the maximum employment, stable prices, and 
moderate long-term interest rates (12 U.S.C. 225a). In addition, under 
section 12A of the FRA, the FOMC is required to implement regulations 
relating to the open market operations conducted by Federal Reserve 
Banks with a view to accommodating commerce and business and with 
regard to the regulations' bearing upon the general credit situation of 
the country (12 U.S.C. 263). The authority of the Federal Reserve to 
collect economic data to carry out the requirements of these provisions 
is implicit. Accordingly, the Federal Reserve is authorized to use the 
FR 3067 by sections 2A and 12A of the FRA.
    Additionally, depending on the survey respondent, the information 
collection may be authorized under a more specific statute. These 
statutes are:

 Expedited Funds Availability Act section 609 (12 U.S.C. 4008)
 Electronic Fund Transfer Act section 920 (15 U.S.C. 1693o-2)
 The Check Clearing for the 21st Century Act section 15 (12 
U.S.C. 5014)
 Federal Reserve Act section 11 (Examinations and reports, 
Supervision over Reserve Banks, and Federal Reserve Note provisions, 12 
U.S.C. 248); section 11A (Pricing of Services, 12 U.S.C. 248a); section 
13 (FRB deposits and collections, 12 U.S.C. 342); and section 16 
(Issuance of Federal Reserve notes, par clearance, and FRB 
clearinghouse, 12 U.S.C. 248-1, 360, and 411).

    Under the appropriate authority, the Federal Reserve may make 
submission of survey information mandatory for entities such as 
financial institutions or payment card networks; submissions would 
otherwise be voluntary.
    The ability of the Federal Reserve to maintain the confidentiality 
of information provided by respondents to the FR 3067 surveys will be 
determined on a case-by-case basis depending on the type of information 
provided for a particular survey. For instance, in some circumstances, 
no issue of confidentiality will arise as the surveys may be conducted 
by private firms under contract with the Federal Reserve and names or 
other directly identifying information would not be provided to the 
Federal Reserve. In circumstances where identifying information is 
provided to the Federal Reserve, such information could possibly be 
protected under the Freedom of Information Act (FOIA), exemptions 4 and 
6. If the survey is mandatory and is undertaken as part of the 
supervisory process, information could be protected under FOIA 
exemption 8, which protects information relating to the examination 
reports (5 U.S.C. 552(b)(8)).
    Abstract: This survey collects information, as needed, on specific 
and time sensitive issues, which may affect the Federal Reserve's 
decision making. Respondents may comprise depository institutions, 
financial and nonfinancial businesses and related entities, individual 
consumers, households, and federal, state and local government 
agencies. This survey may be mandatory for a certain subset of entities 
and voluntary for all other respondents. The Federal Reserve uses this 
event-driven survey to obtain information specifically tailored to the 
Federal Reserve System's supervisory, regulatory, fiscal, and 
operational responsibilities. The Federal Reserve may conduct various 
versions of the survey, as needed, and may survey respondents up to 
four times per year. The frequency and content of the questions depends 
on changing economic, regulatory, supervisory, or legislative 
developments.
    Current Actions: On May 19, 2016, the Board published a notice in 
the Federal Register (81 FR 31635) requesting public comment for 60 
days on the extension, with revision, of the FR 3067. The comment 
period for this notice expired on July 18, 2016. The Federal Reserve 
did not receive any comments. The revisions will be implemented as 
proposed.

    Board of Governors of the Federal Reserve System, July 28, 2016.
Robert deV. Frierson
Secretary of the Board.
[FR Doc. 2016-18515 Filed 8-3-16; 8:45 am]
 BILLING CODE 6210-01-P
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