Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 79483-79484 [2016-27298]

Download as PDF 79483 Federal Register / Vol. 81, No. 219 / Monday, November 14, 2016 / Notices CONSUMER COMPLIANCE RATING DEFINITIONS—Continued Assessment factors to be considered Consumer Complaint Response. 1 2 3 4 5 Processes and procedures for addressing consumer complaints are strong. Consumer complaint investigations and responses are prompt and thorough. Processes and procedures for addressing consumer complaints are adequate. Consumer complaint investigations and responses are generally prompt and thorough. Management adequately monitors consumer complaints and responds to issues identified. Processes and procedures for addressing consumer complaints are inadequate. Consumer complaint investigations and responses are not thorough or timely. Processes and procedures for addressing consumer complaints and consumer complaint investigations are seriously deficient. Processes and procedures for addressing consumer complaints are critically absent. Meaningful investigations and responses are absent. Management does not adequately monitor consumer complaints. Management monitoring of consumer complaints is seriously deficient. Management exhibits a disregard for complaints or preventing consumer harm. Management monitors consumer complaints to identify risks of potential consumer harm, program deficiencies, and customer service issues and takes appropriate action. Violations of Law and Consumer Harm Root Cause ................ Severity ...................... Duration ...................... Pervasiveness ............ The violations are the result of minor weaknesses, if any, in the compliance risk management system. The type of consumer harm, if any, resulting from the violations would have a minimal impact on consumers. The violations and resulting consumer harm, if any, occurred over a brief period of time. Violations are the result of modest weaknesses in the compliance risk management system. The type of consumer harm resulting from the violations would have a limited impact on consumers. The violations and resulting consumer harm, if any, are isolated in number. The violations and resulting consumer harm, if any, are limited in number. [End of proposed text.] [FR Doc. 2016–27226 Filed 11–10–16; 8:45 am] mstockstill on DSK3G9T082PROD with NOTICES BILLING CODE 7535–01–P; 6714–01–P; 6210–01–P; 4810–33–P; 4810–AM–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. AGENCY: 17:26 Nov 10, 2016 The Board of Governors of the Federal Reserve System (Board or Federal Reserve) is adopting a proposal to revise, with extension, the mandatory Uniform Interagency Transfer Agent Registration and Amendment Form. The revisions to this mandatory information are effective December 31, 2016. On June 15, 1984, the Office of Management and Budget (OMB) delegated to the Board authority under the Paperwork Reduction Act (PRA) to approve of and assign OMB control numbers to collection of information requests and requirements conducted or sponsored by the Board. In exercising this delegated authority, the Board is directed to take every reasonable step to solicit comment. In determining whether to approve a collection of information, the Board will consider all SUMMARY: Dated: November 7, 2016. Federal Financial Institutions Examination Council. Judith E. Dupre, FFIEC Executive Secretary. VerDate Sep<11>2014 The violations and resulting consumer harm, if any, occurred over a limited period of time. Violations are the result of material weaknesses in the compliance risk management system. The type of consumer harm resulting from the violations would have a considerable impact on consumers. The violations and resulting consumer harm, if any, occurred over an extended period of time. The violations and resulting consumer harm, if any, are numerous. Jkt 241001 PO 00000 Frm 00073 Fmt 4703 Sfmt 4703 Violations are the reViolations are the result of serious defisult of critical deficiencies in the ciencies in the compliance risk compliance risk management sysmanagement system. tem. The type of consumer harm resulting from the violations would have a serious impact on consumers. The violations and resulting consumer harm, if any, have been long-standing or repeated. The violations and resulting consumer harm, if any, are widespread or in multiple products or services. comments received from the public and other agencies. FOR FURTHER INFORMATION CONTACT: 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. 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. E:\FR\FM\14NON1.SGM 14NON1 mstockstill on DSK3G9T082PROD with NOTICES 79484 Federal Register / Vol. 81, No. 219 / Monday, November 14, 2016 / Notices Final approval under OMB delegated authority of the extension for three years, with revision, of the following report: Report Title: Uniform Interagency Transfer Agent Registration and Amendment Form. OMB Control Number: 7100–0099. Agency Form Number: Form TA–1. Frequency: On occasion. Reporters: State member banks (‘‘SMBs’’) and their subsidiaries, bank holding companies (‘‘BHCs’’), certain nondeposit trust company subsidiaries of BHCs, and savings and loan holding companies (‘‘SLHCs’’). Effective Date: December 31, 2016. Estimated Number of Respondents: Registrations: 2; amendments: 4. Estimated Average Hours per Response: Registrations: 1.25 hours; amendments: 10 minutes. Estimated Annual Burden Hours: 4 hours. General Description of Report: The Securities Exchange Act of 1934 (the Act) requires any person acting as a transfer agent to register as such and to amend registration information when it changes. State member banks (SMBs) and their subsidiaries, bank holding companies (BHCs), savings and loan holding companies (SLHCs), and certain nondeposit trust company and other subsidiaries of BHCs register with the Federal Reserve System by submitting Form TA–1. The information collected is available to the public upon request and includes the company name, all business addresses, and answers to three questions about the registrant’s proposed activities as a transfer agent. The Federal Reserve uses the information to act upon registration applications and to aid in performing its supervisory duties. Current Actions: On June 10, 2016, the Board, FDIC, and OCC jointly published an initial notice in the Federal Register 1 requesting public comment for 60 days on the extension, with revision, of Form TA–1. The Board proposed to revise the Form TA–1 to require submission of the form to a designated Federal Reserve Board email address, as well as certain other instructional clarifications.2 The comment period for this notice expired on August 9, 2016. The Board did not receive any comments. The revisions will be implemented as proposed. Legal Authorization and Confidentiality: The Form TA–1 is 1 See 81 FR 37665. proposed revisions remove references to the Office of Thrift Supervision, clarify the definition of a ‘qualifying security’ pursuant to regulatory changes, and alter the number of Form TA–1 copies registrants are required to file with the Federal Reserve Board. 2 The VerDate Sep<11>2014 17:26 Nov 10, 2016 Jkt 241001 mandatory and its collection is authorized by sections 17A(c), 17(a)(3), and 23(a)(1) of the Act, as amended (15 U.S.C. 78q–1(c), 78q(a)(3), and 78w(a)(1)). Additionally, section 3(a)(34)(B)(ii) of the Act (15 U.S.C. 78c(a)(34)(B)(ii)) provides that the Board is the appropriate regulatory agency for purposes of various filings by SMBs and their subsidiaries, BHCs, SLHCs, and certain nondepository trust company subsidiaries of BHCs that act as a clearing agency or transfer agent. The registrations are public filings and are not considered confidential. Board of Governors of the Federal Reserve System, November 8, 2016. Robert deV. Frierson, Secretary of the Board. [FR Doc. 2016–27298 Filed 11–10–16; 8:45 am] BILLING CODE 6210–01–P FEDERAL RESERVE SYSTEM Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company 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 29, 2016. A. Federal Reserve Bank of Minneapolis (Jacquelyn K. Brunmeier, Assistant Vice President) 90 Hennepin Avenue, Minneapolis, Minnesota 55480–0291: 1. Michael L. Frei, Wagner, South Dakota, individually and with power to vote the shares held in the Jill M. Frei Trust, to retain control of 25 percent or more of the shares of Commercial Holding Company, Wagner, South Dakota, and thereby indirectly control of Commercial State Bank of Wagner, Wagner, South Dakota. PO 00000 Frm 00074 Fmt 4703 Sfmt 4703 Board of Governors of the Federal Reserve System, November 8, 2016. Robert deV. Frierson, Secretary of the Board. [FR Doc. 2016–27292 Filed 11–10–16; 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 proposal to extend for three years, with revision, the debit card issuer survey (FR 3064a; OMB No. 7100–0344) and to extend for three years, without revision, the payment card network survey (FR 3064b; OMB No. 7100–0344) 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 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, with revision, of the following report: Report Title: Interchange Transaction Fees Surveys. AGENCY: E:\FR\FM\14NON1.SGM 14NON1

Agencies

FEDERAL RESERVE SYSTEM

[Federal Register Volume 81, Number 219 (Monday, November 14, 2016)]
[Notices]
[Pages 79483-79484]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-27298]


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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: The Board of Governors of the Federal Reserve System (Board or 
Federal Reserve) is adopting a proposal to revise, with extension, the 
mandatory Uniform Interagency Transfer Agent Registration and Amendment 
Form. The revisions to this mandatory information are effective 
December 31, 2016.
    On June 15, 1984, the Office of Management and Budget (OMB) 
delegated to the Board authority under the Paperwork Reduction Act 
(PRA) to approve of and assign OMB control numbers to collection of 
information requests and requirements conducted or sponsored by the 
Board. In exercising this delegated authority, the Board is directed to 
take every reasonable step to solicit comment. In determining whether 
to approve a collection of information, the Board will consider all 
comments received from the public and other agencies.

FOR FURTHER INFORMATION CONTACT: 
    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.
    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.

[[Page 79484]]

    Final approval under OMB delegated authority of the extension for 
three years, with revision, of the following report:
    Report Title: Uniform Interagency Transfer Agent Registration and 
Amendment Form.
    OMB Control Number: 7100-0099.
    Agency Form Number: Form TA-1.
    Frequency: On occasion.
    Reporters: State member banks (``SMBs'') and their subsidiaries, 
bank holding companies (``BHCs''), certain nondeposit trust company 
subsidiaries of BHCs, and savings and loan holding companies 
(``SLHCs'').
    Effective Date: December 31, 2016.
    Estimated Number of Respondents: Registrations: 2; amendments: 4.
    Estimated Average Hours per Response: Registrations: 1.25 hours; 
amendments: 10 minutes.
    Estimated Annual Burden Hours: 4 hours.
    General Description of Report: The Securities Exchange Act of 1934 
(the Act) requires any person acting as a transfer agent to register as 
such and to amend registration information when it changes. State 
member banks (SMBs) and their subsidiaries, bank holding companies 
(BHCs), savings and loan holding companies (SLHCs), and certain 
nondeposit trust company and other subsidiaries of BHCs register with 
the Federal Reserve System by submitting Form TA-1. The information 
collected is available to the public upon request and includes the 
company name, all business addresses, and answers to three questions 
about the registrant's proposed activities as a transfer agent. The 
Federal Reserve uses the information to act upon registration 
applications and to aid in performing its supervisory duties.
    Current Actions: On June 10, 2016, the Board, FDIC, and OCC jointly 
published an initial notice in the Federal Register \1\ requesting 
public comment for 60 days on the extension, with revision, of Form TA-
1. The Board proposed to revise the Form TA-1 to require submission of 
the form to a designated Federal Reserve Board email address, as well 
as certain other instructional clarifications.\2\ The comment period 
for this notice expired on August 9, 2016. The Board did not receive 
any comments. The revisions will be implemented as proposed.
---------------------------------------------------------------------------

    \1\ See 81 FR 37665.
    \2\ The proposed revisions remove references to the Office of 
Thrift Supervision, clarify the definition of a `qualifying 
security' pursuant to regulatory changes, and alter the number of 
Form TA-1 copies registrants are required to file with the Federal 
Reserve Board.
---------------------------------------------------------------------------

    Legal Authorization and Confidentiality: The Form TA-1 is mandatory 
and its collection is authorized by sections 17A(c), 17(a)(3), and 
23(a)(1) of the Act, as amended (15 U.S.C. 78q-1(c), 78q(a)(3), and 
78w(a)(1)). Additionally, section 3(a)(34)(B)(ii) of the Act (15 U.S.C. 
78c(a)(34)(B)(ii)) provides that the Board is the appropriate 
regulatory agency for purposes of various filings by SMBs and their 
subsidiaries, BHCs, SLHCs, and certain nondepository trust company 
subsidiaries of BHCs that act as a clearing agency or transfer agent. 
The registrations are public filings and are not considered 
confidential.

    Board of Governors of the Federal Reserve System, November 8, 
2016.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2016-27298 Filed 11-10-16; 8:45 am]
 BILLING CODE 6210-01-P

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