Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 88238-88239 [2016-29330]

Download as PDF 88238 Federal Register / Vol. 81, No. 235 / Wednesday, December 7, 2016 / Notices Parties: Ocean Carrier Equipment Management Association Agreement (OCEMA) and the Port Authority of New York and New Jersey (Port Authority). Filing Party: Jeffrey F. Lawrence and Donald J. Kassilke; Cozen O’Connor; 1200 Nineteenth Street NW.; Washington, DC 20036. Synopsis: The Agreement would authorize the Parties to collect and exchange information, discuss, and reach agreement upon matters relating to cargo throughput, safety, intermodal equipment supply and efficiencies, congestion relief, port and terminal infrastructure, financing of improvements, and clean air or other environmental initiatives affecting operations in and around the Port of New York and New Jersey. By Order of the Federal Maritime Commission. Dated: December 2, 2016. Rachel E. Dickon, Assistant Secretary. [FR Doc. 2016–29365 Filed 12–6–16; 8:45 am] BILLING CODE 6731–AA–P FEDERAL MINE SAFETY AND HEALTH REVIEW COMMISSION Sunshine Act Meeting Notice 10:00 a.m., Tuesday, December 13, 2016. PLACE: The Richard V. Backley Hearing Room, Room 511N, 1331 Pennsylvania Avenue NW., Washington, DC 20004 (enter from F Street entrance). STATUS: Closed. MATTERS TO BE CONSIDERED: The Commission will consider and act upon the following in closed session: Daniel B. Lowe and Matthew Varady v. Veris Gold USA, Inc., et al. (Issues include whether the Administrative Law Judge erred in dismissing two discrimination cases where the original operator was the subject of bankruptcy proceedings.) Any person attending this meeting who requires special accessibility features and/or auxiliary aids, such as sign language interpreters, must inform the Commission in advance of those needs. Subject to 29 CFR 2706.150(a)(3) and 2706.160(d). CONTACT PERSON FOR MORE INFO: Emogene Johnson (202) 434–9935/(202) 708–9300 for TDD Relay/1–800–877– 8339 for toll free. asabaliauskas on DSK3SPTVN1PROD with NOTICES TIME AND DATE: Dated: December 5, 2016. Emogene Johnson, Administrative Assistant. [FR Doc. 2016–29450 Filed 12–5–16; 4:15 pm] BILLING CODE 6735–01–P VerDate Sep<11>2014 17:54 Dec 06, 2016 Jkt 241001 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: The Board of Governors of the Federal Reserve System (Board or Federal Reserve) is adopting a proposal to revise, with extension, the mandatory Savings Association Holding Company Report. The revision to this mandatory information is 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. Final approval under OMB delegated authority of the extension for three years, with revision, of the following report: Report title: Savings Association Holding Company Report. OMB control number: 7100–0334. Agency form number: FR H–(b)11. Frequency: Quarterly. Reporters: Savings and Loan Holding Companies. Effective Date: December 31, 2016. Estimated number of respondents: 15. Estimated average hours per response: 2 hours. Estimated annual burden hours: 120 hours. General Description of Report: The FR H–(b)11 is authorized by Section 10 of the Home Owners’ Loan Act, which AGENCY: PO 00000 Frm 00042 Fmt 4703 Sfmt 4703 requires savings and loan holding companies (SLHCs) to file ‘‘such reports as may be required by the Board’’ and provides that such reports ‘‘shall contain such information concerning the operations of such SLHC and its subsidiaries as the Board may require’’ (12 U.S.C. 1467a(b)(2)(A)). The information collection is available to the public upon request through the appropriate Federal Reserve Bank. The Federal Reserve Board uses the FR H– (b)11 data to analyze the overall financial condition of SLHCs to ensure safe and sound operations. Current actions: On July 22, 2016, the Federal Reserve published an initial notice in the Federal Register 1 requesting public comment for 60 days on the extension, with revision, of the FR H–(b)11. The Board proposed to eliminate the requirement that a publicly-traded SLHC submit a copy of its filings with the SEC. The comment period for this notice expired on September 20, 2016. The Board did not receive any comments. The revision will be implemented as proposed. Legal authorization and confidentiality: The FR H–(b)11 is mandatory and its collection is authorized by Section 10 of the Home Owners’ Loan Act, which requires SLHCs to file ‘‘such reports as may be required by the Board’’ and provides that such reports ‘‘shall contain such information concerning the operations of such SLHC and its subsidiaries as the Board may require’’ (12 U.S.C. 1467a(b)(2)(A)). The FR H–(b)11 covers 6 different items. Item 1 consists of SEC filings made by the SLHC that are not publicly traded companies and item 2 consists of reports provided by nationally recognized statistical rating organizations and securities analysts on any company in the SLHC’s consolidated organization. The Board’s Legal Division has determined that neither of these items should raise any issue of confidentiality. Item 3 consists of supplemental information for any questions on the FR 2320 to which the SLHC answered ‘‘yes.’’ The Board’s Legal Division has determined that supplemental information in response to a ‘‘yes’’ answer for the FR 2320’s questions 24, 25, and 26 may be protected from disclosure under exemption 4 of the Freedom of Information Act (FOIA), which covers ‘‘trade secrets and commercial or financial information obtained from a person [that is] privileged or confidential’’ (5 U.S.C. 522(b)(4)). These questions concern any 1 See E:\FR\FM\07DEN1.SGM 81 FR 47801. 07DEN1 Federal Register / Vol. 81, No. 235 / Wednesday, December 7, 2016 / Notices new or changed pledges of capital stock of any subsidiary savings association that secures short-term or long-term debt or other borrowings of the SLHC; changes to any class of securities of the SLHC or any of its subsidiaries that would negatively impact investors; and any default of the SLHC or any of its subsidiaries during the quarter. Disclosure of this type of information is likely to cause substantial competitive harm to the SLHC providing the information and thus this information may be protected from disclosure under FOIA exemption 4 (5 U.S.C. 522(b)(4)). With regard to the supplemental information for other FR 2320 questions that would be provided in item 3 of the FR H–(b)11, as well as item 4 (Other Materially Important Events), item 5 (Financial Statements) and item 6 (Exhibits—essentially copies not previously filed of its charter or bylaws), the respondent may request confidential treatment of such information under one or more of the exemptions in the FOIA. The most likely case for confidential treatment will be exemption 4 (5 U.S.C. 522(b)(4)). However, all such requests for confidential treatment would need to be reviewed on a case-by-case basis and in response to a specific request for disclosure. Board of Governors of the Federal Reserve System, December 2, 2016. Robert deV. Frierson, Secretary of the Board. [FR Doc. 2016–29330 Filed 12–6–16; 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: The Board of Governors of the Federal Reserve System (Board or Federal Reserve) is adopting a proposal to extend for three years all of the Financial Reports of Foreign Banking Organizations: The Financial Statements of U.S. Nonbank Subsidiaries Held by Foreign Banking Organizations (FR Y– 7N), the Abbreviated Financial Statements of U.S. Nonbank Subsidiaries Held by Foreign Banking Organizations (FR Y–7NS), and the mandatory Capital and Asset Report for Foreign Banking Organizations (FR Y– 7Q); with revisions to the FR Y–7Q, effective December 31, 2016, except for three new FR Y–7Q items, which are effective March 31, 2018. asabaliauskas on DSK3SPTVN1PROD with NOTICES AGENCY: VerDate Sep<11>2014 17:54 Dec 06, 2016 Jkt 241001 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. Final approval under OMB delegated authority of the extension for three years, with revision, of the following information collection: Report titles: Financial Statements of U.S. Nonbank Subsidiaries Held by Foreign Banking Organizations, Abbreviated Financial Statements of U.S. Nonbank Subsidiaries Held by Foreign Banking Organizations, and Capital and Asset Report for Foreign Banking Organizations. Agency form numbers: FR Y–7N, FR Y–7NS, and FR Y–7Q. OMB control number: 7100–0125. Frequency: Quarterly and annually. Effective Dates: Reporting period ending on December 31, 2016, except for three new FR Y–7Q items, which are effective March 31, 2018. Respondent type: Foreign banking organizations (FBOs). Estimated annual reporting hours: FR Y–7N (quarterly): 1,170 hours; FR Y–7N (annual): 218 hours; FR Y–7NS: 40 hours; FR Y–7Q (quarterly): 1,632 hours; FR Y–7Q (annual): 48 hours. Estimated average hours per response: FR Y–7N (quarterly): 6.8 hours; FR Y– 7N (annual): 6.8 hours; FR Y–7NS: 1 hour; FR Y–7Q (quarterly): 3 hours; FR Y–7Q (annual): 1.5 hours. Number of respondents: FR Y–7N (quarterly): 43; FR Y–7N (annual): 32; FR Y–7NS: 40; FR Y–7Q (quarterly): 136; FR Y–7Q (annual): 32. PO 00000 Frm 00043 Fmt 4703 Sfmt 4703 88239 Legal authorization and confidentiality: This information collection is mandatory pursuant to section 5(c) of the Bank Holding Company Act (12 U.S.C. 1844(c)) and sections 8(c) and 13 of the International Banking Act (12 U.S.C. 3106(c) and 3108)). Section 165 of the Dodd-Frank Act (12 U.S.C. 5365) directs the Federal Reserve to establish enhanced prudential standards for certain companies, including certain FBOs. Information disclosed in these reports is collected as part of the Board’s supervisory process and may be accorded confidential treatment under Exemption 8 of the Freedom of Information Act (FOIA) (5 U.S.C. 552(b)(8)), but information that is required to be disclosed publicly is generally not considered confidential. However, individual respondents may request that certain data be protected pursuant to Exemptions 4 and 6 (5 U.S.C. 552(b)(4) & (6)) of FOIA, where such data relates to trade secrets and financial information, or to personal information, respectively. The applicability of these exemptions would have to be determined on a case-by-case basis. Abstract: The FR Y–7N and FR Y– 7NS collect financial information for non-functionally regulated U.S. nonbank subsidiaries held by FBOs other than through a U.S. bank holding company (BHC), FHC, or U.S. bank. FBOs file the FR Y–7N quarterly or annually or the FR Y–7NS annually predominantly based on asset size thresholds. The FR Y–7Q collects consolidated regulatory capital information from all FBOs either quarterly or annually. The FR Y–7Q is filed quarterly by FBOs that have effectively elected to become U.S. financial holding companies (FHCs) and by FBOs that have total consolidated assets of $50 billion or more, regardless of FHC status. All other FBOs file the FR Y–7Q annually. Current Actions: On April 4, 2016, the Federal Reserve published a notice in the Federal Register requesting public comment for 60 days on the extension, with revision, of the FR Y–7N, FR Y– 7NS, and FR Y–7Q.1 The comment period for this notice expired on June 3, 2016. In general, the commenters supported the proposed changes, but requested clarification on the home country capital adequacy certification requirement and the confidentiality and disclosure requirements for the proposed home country capital information. The Federal Reserve previously proposed to collect fourteen 1 81 E:\FR\FM\07DEN1.SGM FR 19179 (April 4, 2016). 07DEN1

Agencies

[Federal Register Volume 81, Number 235 (Wednesday, December 7, 2016)]
[Notices]
[Pages 88238-88239]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-29330]


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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 Savings Association Holding Company Report. The revision to 
this mandatory information is 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.

    Final approval under OMB delegated authority of the extension for 
three years, with revision, of the following report:
    Report title: Savings Association Holding Company Report.
    OMB control number: 7100-0334.
    Agency form number: FR H-(b)11.
    Frequency: Quarterly.
    Reporters: Savings and Loan Holding Companies.
    Effective Date: December 31, 2016.
    Estimated number of respondents: 15.
    Estimated average hours per response: 2 hours.
    Estimated annual burden hours: 120 hours.
    General Description of Report: The FR H-(b)11 is authorized by 
Section 10 of the Home Owners' Loan Act, which requires savings and 
loan holding companies (SLHCs) to file ``such reports as may be 
required by the Board'' and provides that such reports ``shall contain 
such information concerning the operations of such SLHC and its 
subsidiaries as the Board may require'' (12 U.S.C. 1467a(b)(2)(A)). The 
information collection is available to the public upon request through 
the appropriate Federal Reserve Bank. The Federal Reserve Board uses 
the FR H-(b)11 data to analyze the overall financial condition of SLHCs 
to ensure safe and sound operations.
    Current actions: On July 22, 2016, the Federal Reserve published an 
initial notice in the Federal Register \1\ requesting public comment 
for 60 days on the extension, with revision, of the FR H-(b)11. The 
Board proposed to eliminate the requirement that a publicly-traded SLHC 
submit a copy of its filings with the SEC. The comment period for this 
notice expired on September 20, 2016. The Board did not receive any 
comments. The revision will be implemented as proposed.
---------------------------------------------------------------------------

    \1\ See 81 FR 47801.
---------------------------------------------------------------------------

    Legal authorization and confidentiality: The FR H-(b)11 is 
mandatory and its collection is authorized by Section 10 of the Home 
Owners' Loan Act, which requires SLHCs to file ``such reports as may be 
required by the Board'' and provides that such reports ``shall contain 
such information concerning the operations of such SLHC and its 
subsidiaries as the Board may require'' (12 U.S.C. 1467a(b)(2)(A)).
    The FR H-(b)11 covers 6 different items. Item 1 consists of SEC 
filings made by the SLHC that are not publicly traded companies and 
item 2 consists of reports provided by nationally recognized 
statistical rating organizations and securities analysts on any company 
in the SLHC's consolidated organization. The Board's Legal Division has 
determined that neither of these items should raise any issue of 
confidentiality.
    Item 3 consists of supplemental information for any questions on 
the FR 2320 to which the SLHC answered ``yes.'' The Board's Legal 
Division has determined that supplemental information in response to a 
``yes'' answer for the FR 2320's questions 24, 25, and 26 may be 
protected from disclosure under exemption 4 of the Freedom of 
Information Act (FOIA), which covers ``trade secrets and commercial or 
financial information obtained from a person [that is] privileged or 
confidential'' (5 U.S.C. 522(b)(4)). These questions concern any

[[Page 88239]]

new or changed pledges of capital stock of any subsidiary savings 
association that secures short-term or long-term debt or other 
borrowings of the SLHC; changes to any class of securities of the SLHC 
or any of its subsidiaries that would negatively impact investors; and 
any default of the SLHC or any of its subsidiaries during the quarter. 
Disclosure of this type of information is likely to cause substantial 
competitive harm to the SLHC providing the information and thus this 
information may be protected from disclosure under FOIA exemption 4 (5 
U.S.C. 522(b)(4)).
    With regard to the supplemental information for other FR 2320 
questions that would be provided in item 3 of the FR H-(b)11, as well 
as item 4 (Other Materially Important Events), item 5 (Financial 
Statements) and item 6 (Exhibits--essentially copies not previously 
filed of its charter or bylaws), the respondent may request 
confidential treatment of such information under one or more of the 
exemptions in the FOIA. The most likely case for confidential treatment 
will be exemption 4 (5 U.S.C. 522(b)(4)). However, all such requests 
for confidential treatment would need to be reviewed on a case-by-case 
basis and in response to a specific request for disclosure.

    Board of Governors of the Federal Reserve System, December 2, 
2016.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2016-29330 Filed 12-6-16; 8:45 am]
 BILLING CODE 6210-01-P
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