Notice of Proposals To Engage in or To Acquire Companies Engaged in Permissible Nonbanking Activities, 24969-24970 [2017-11208]
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Federal Register / Vol. 82, No. 103 / Wednesday, May 31, 2017 / Notices
Affected Public
Individuals representing companies
engaged in business with the ExportImport Bank of the U.S.
Burden Hours
Annual Number of Respondents:
3200.
Estimated Time per Respondent: 45
minutes.
Annual Public Burden Hours: 2400
hours.
Frequency of Reporting of Use: On
occasion.
Government Expense
Reviewing Time per Year: 1600 Hours.
Average Wages per Hour: $42.50.
Average Cost per Year: $68,000.
Benefits and Overhead: 20%.
Total Government Cost: $81,600.
Bassam Doughman,
Project Manager, Agency Clearance Officer,
Office of the Chief Information Officer.
[FR Doc. 2017–11182 Filed 5–30–17; 8:45 am]
BILLING CODE 6690–01–P
FEDERAL DEPOSIT INSURANCE
CORPORATION
Agency Information Collection
Activities: Proposed Collection
Renewals; Comment Request (3064–
0015)
Federal Deposit Insurance
Corporation (FDIC).
ACTION: Notice and request for comment.
AGENCY:
The FDIC, as part of its
continuing effort to reduce paperwork
and respondent burden, invites the
general public and other Federal
agencies to take this opportunity to
comment on the renewal of existing
information collections, as required by
the Paperwork Reduction Act of 1995.
Currently, the FDIC is soliciting
comment on renewal of the information
collection described below.
DATES: Comments must be submitted on
or before July 31, 2017.
ADDRESSES: Interested parties are
invited to submit written comments to
the FDIC by any of the following
methods:
• https://www.FDIC.gov/regulations/
laws/federal/notices.html.
• Email: comments@fdic.gov. Include
the name and number of the collection
in the subject line of the message.
• Mail: Manny Cabeza (202–898–
3767). Counsel, MB 3007, Federal
Deposit Insurance Corporation, 550 17th
Street NW., Washington, DC 20429.
• Hand Delivery: Comments may be
hand-delivered to the guard station at
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SUMMARY:
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the rear of the 17th Street Building
(located on F Street), on business days
between 7:00 a.m. and 5:00 p.m.
All comments should refer to the
relevant OMB control number. A copy
of the comments may also be submitted
to the OMB desk officer for the FDIC:
Office of Information and Regulatory
Affairs, Office of Management and
Budget, New Executive Office Building,
Washington, DC 20503.
FOR FURTHER INFORMATION CONTACT:
Manny Cabeza at (202) 898–3767 or at
the FDIC address noted above.
SUPPLEMENTARY INFORMATION: Proposal
to renew the following currently
approved collections of information:
1. Title: Interagency Bank Merger Act
Application.
OMB Number: 3064–0015.
Form Number: None.
Affected Public: Individuals or
households; business or other for profit.
Estimated Number of Respondents:
241.
Frequency of Response: On occasion.
Estimated Average Burden Hours per
Response: 23.5 hours.
Estimated Total Annual Burden:
5,664 hours.
General Description of the Collection:
The Interagency Bank Merger Act
Application form is used by the Federal
Deposit Insurance Corporation, the
Board of Governors of the Federal
Reserve System, and the Comptroller of
the Currency for applications under
section 18(c) of the Federal Deposit
Insurance Act (FDIA), as amended (12
U.S.C. 1828(c)). The application is used
for a merger, consolidation, or other
combining transaction between
nonaffiliated parties as well as to effect
a corporate reorganization between
affiliated parties (affiliate transaction).
There is a different level of burden for
each of the two types of merger
transactions, nonaffiliated and affiliated.
An affiliate transaction refers to a
merger, consolidation, other
combination, or transfer of any deposit
liabilities, between depository
institutions that are controlled by the
same holding company. It includes a
business combination between a
depository institution and an affiliated
interim institution. Applicants
proposing affiliate transactions are not
required to complete questions 12
through 14 of this form. If depository
institutions are not controlled by the
same holding company, the merger
transaction is considered nonaffiliated,
and the applicant must complete the
entire form. There is no change in the
method or substance of the collection.
The estimated annual burden remains
the same.
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24969
Request for Comment
Comments are invited on: (a) Whether
the collections of information are
necessary for the proper performance of
the FDIC’s functions, including whether
the information has practical utility; (b)
the accuracy of the estimates of the
burden of the information collections,
including the validity of the
methodology and assumptions used; (c)
ways to enhance the quality, utility, and
clarity of the information to be
collected; and (d) ways to minimize the
burden of the collections of information
on respondents, including through the
use of automated collection techniques
or other forms of information
technology. All comments will become
a matter of public record.
Dated at Washington, DC, this 24th day of
May 2017.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2017–11121 Filed 5–30–17; 8:45 am]
BILLING CODE 6714–01–P
FEDERAL RESERVE SYSTEM
Notice of Proposals To Engage in or
To Acquire Companies Engaged in
Permissible Nonbanking Activities
The companies listed in this notice
have given notice under section 4 of the
Bank Holding Company Act (12 U.S.C.
1843) (BHC Act) and Regulation Y, (12
CFR part 225) to engage de novo, or to
acquire or control voting securities or
assets of a company, including the
companies listed below, that engages
either directly or through a subsidiary or
other company, in a nonbanking activity
that is listed in § 225.28 of Regulation Y
(12 CFR 225.28) or that the Board has
determined by Order to be closely
related to banking and permissible for
bank holding companies. Unless
otherwise noted, these activities will be
conducted throughout the United States.
Each notice is available for inspection
at the Federal Reserve Bank indicated.
The notice also will be available for
inspection at the offices of the Board of
Governors. Interested persons may
express their views in writing on the
question whether the proposal complies
with the standards of section 4 of the
BHC Act.
Unless otherwise noted, comments
regarding the applications must be
received at the Reserve Bank indicated
or the offices of the Board of Governors
not later than June 15, 2017.
A. Federal Reserve Bank of San
Francisco (Gerald C. Tsai, Director,
Applications and Enforcement) 101
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Federal Register / Vol. 82, No. 103 / Wednesday, May 31, 2017 / Notices
Market Street, San Francisco, California
94105–1579:
1. Wells Fargo & Company, San
Francisco, California; to acquire certain
subsidiaries from its bank Wells Fargo
Bank, N.A., Sioux Falls, South Dakota,
and thereby indirectly engage in
investment advisory activities, pursuant
to section 225.28(b)(6)(i) of Regulation
Y.
Board of Governors of the Federal Reserve
System, May 25, 2017.
Yao-Chin Chao,
Assistant Secretary of the Board.
[FR Doc. 2017–11208 Filed 5–30–17; 8:45 am]
BILLING CODE 6210–01–P
FEDERAL RESERVE SYSTEM
[OMB No. 7100–0306]
Proposed Agency Information
Collection Activities; Comment
Request; Notification of Nonfinancial
Data Processing Activities
Board of Governors of the
Federal Reserve System.
ACTION: Notice, request for comment.
AGENCY:
The Board of Governors of the
Federal Reserve System (Board) invites
comment on a proposal to extend for
three years, without revision, the
Notification of Nonfinancial Data
Processing Activities.
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.
DATES: Comments must be submitted on
or before July 31, 2017.
ADDRESSES: You may submit comments,
identified by FR 4021, by any of the
following methods:
• Agency Web site: https://www.
federalreserve.gov. Follow the
instructions for submitting comments at
https://www.federalreserve.gov/apps/
foia/proposedregs.aspx.
• Federal eRulemaking Portal: https://
www.regulations.gov. Follow the
instructions for submitting comments.
• Email: regs.comments@
federalreserve.gov. Include OMB
number in the subject line of the
message.
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• FAX: (202) 452–3819 or (202) 452–
3102.
• Mail: Ann E. Misback, 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/report
forms/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 Proposal
The Board invites public comment on
the following information collection,
which is being reviewed under
authority delegated by the OMB under
the PRA. 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
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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 startup costs
and costs of operation, maintenance,
and purchase of services to provide
information.
At the end of the comment period, the
comments and recommendations
received will be analyzed to determine
the extent to which the Federal Reserve
should modify the proposed revisions
prior to giving final approval.
Proposal to approve under OMB
delegated authority the extension for
three years, without revision, of the
following report:
Report title: Notification of
Nonfinancial Data Processing Activities.
Agency form number: FR 4021.
OMB control number: 7100–0306.
Frequency: On occasion.
Respondents: Bank holding
companies.
Estimated number of respondents: 2.
Estimated average hours per response:
2.
Estimated annual burden hours: 4.
General Description of Report: Bank
holding companies (BHCs) submit the
FR 4021 notification to request
permission to administer the 49 percent
revenue limit on nonfinancial data
processing activities on a business-line
or multiple-entity basis. These
notifications, which may be submitted
in letter form, should describe the
structure of the requesting BHC’s data
processing operations, the methodology
the BHC proposes to use to administer
the 49 percent revenue test, and the
reasons why the BHC believes that the
proposed methodology is appropriate.
The Board will consider any request in
light of all the facts and circumstances,
including the interrelationships
between the data processing activities
conducted by the BHC’s separate
subsidiaries, the holding company’s
business or operational reasons for
conducting its data processing activities
in different subsidiaries, and the level of
the BHC’s ownership interest in the
individual subsidiaries.
Legal authorization and
confidentiality: The Board’s Legal
Division has determined that 12 U.S.C.
1843(c)(8)(j) and (k) authorize the Board
to collect this information. A bank
holding company may request
confidential treatment of the
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[Federal Register Volume 82, Number 103 (Wednesday, May 31, 2017)]
[Notices]
[Pages 24969-24970]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-11208]
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FEDERAL RESERVE SYSTEM
Notice of Proposals To Engage in or To Acquire Companies Engaged
in Permissible Nonbanking Activities
The companies listed in this notice have given notice under section
4 of the Bank Holding Company Act (12 U.S.C. 1843) (BHC Act) and
Regulation Y, (12 CFR part 225) to engage de novo, or to acquire or
control voting securities or assets of a company, including the
companies listed below, that engages either directly or through a
subsidiary or other company, in a nonbanking activity that is listed in
Sec. 225.28 of Regulation Y (12 CFR 225.28) or that the Board has
determined by Order to be closely related to banking and permissible
for bank holding companies. Unless otherwise noted, these activities
will be conducted throughout the United States.
Each notice is available for inspection at the Federal Reserve Bank
indicated. The notice also will be available for inspection at the
offices of the Board of Governors. Interested persons may express their
views in writing on the question whether the proposal complies with the
standards of section 4 of the BHC Act.
Unless otherwise noted, comments regarding the applications must be
received at the Reserve Bank indicated or the offices of the Board of
Governors not later than June 15, 2017.
A. Federal Reserve Bank of San Francisco (Gerald C. Tsai, Director,
Applications and Enforcement) 101
[[Page 24970]]
Market Street, San Francisco, California 94105-1579:
1. Wells Fargo & Company, San Francisco, California; to acquire
certain subsidiaries from its bank Wells Fargo Bank, N.A., Sioux Falls,
South Dakota, and thereby indirectly engage in investment advisory
activities, pursuant to section 225.28(b)(6)(i) of Regulation Y.
Board of Governors of the Federal Reserve System, May 25, 2017.
Yao-Chin Chao,
Assistant Secretary of the Board.
[FR Doc. 2017-11208 Filed 5-30-17; 8:45 am]
BILLING CODE 6210-01-P
