Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 31603-31604 [2017-14259]
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Federal Register / Vol. 82, No. 129 / Friday, July 7, 2017 / Notices
send an email to FCC504@fcc.gov or call
the Consumer & Governmental Affairs
Bureau at 202–418–0530 (voice), 202–
418–0432 (TTY).
Board of Governors of the Federal Reserve
System, July 3, 2017.
Yao-Chin Chao,
Assistant Secretary of the Board.
Federal Communications Commission.
Marlene H. Dortch,
Secretary.
[FR Doc. 2017–14275 Filed 7–6–17; 8:45 am]
[FR Doc. 2017–14216 Filed 7–6–17; 8:45 am]
FEDERAL RESERVE SYSTEM
BILLING CODE 6210–01–P
BILLING CODE 6712–01–P
Agency Information Collection
Activities: Announcement of Board
Approval Under Delegated Authority
and Submission to OMB
FEDERAL RESERVE SYSTEM
asabaliauskas on DSKBBXCHB2PROD 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
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 1, 2017.
A. Federal Reserve Bank of Richmond
(Adam M. Drimer, Assistant Vice
President) 701 East Byrd Street,
Richmond, Virginia 23261–4528.
Comments can also be sent
electronically to or
Comments.applications@rich.frb.org:
1. Sandy Spring Bancorp, Inc., Olney,
Maryland; to acquire WashingtonFirst
Bankshares, Inc., and thereby indirectly
acquire WashingtonFirst Bank, both of
Reston, Virginia.
VerDate Sep<11>2014
20:56 Jul 06, 2017
Jkt 241001
Board of Governors of the
Federal Reserve System.
SUMMARY: The Board of Governors of the
Federal Reserve System (Board) is
adopting a proposal to extend for three
years, without revision, the Annual
Daylight Overdraft Capital Report for
U.S. Branches and Agencies of Foreign
Banks (FR 2225; OMB No. 7100–0216).
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. 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 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 or by fax to (202) 395–6974.
Final approval under OMB delegated
authority of the extension for three
years, without revision, of the following
report:
AGENCY:
PO 00000
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Fmt 4703
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31603
Report Title: Annual Daylight
Overdraft Capital Report for U.S.
Branches and Agencies of Foreign
Banks.
Agency Form Number: FR 2225.
OMB Control Number: 7100–0216.
Frequency: Annually.
Respondents: Foreign banking
organizations (FBO).
Estimated Number of Respondents:
50.
Estimated Average Hours per
Response: 1.
Estimated annual burden hours: 50.
General description of report: This
report was implemented in March 1986
as part of the procedures used to
administer the Federal Reserve’s
Payment System Risk (PSR) policy. A
key component of the PSR policy is a
limit, or a net debit cap, on an
institution’s negative intraday balance
in its Reserve Bank account. The
Federal Reserve calculates an
institution’s net debit cap by applying
the multiple associated with the net
debit cap category to the institution’s
capital. For foreign banking
organizations (FBOs), a percentage of
the FBO’s capital measure, known as the
U.S. capital equivalency, is used to
calculate the FBO’s net debit cap.
FBOs that wish to establish a positive
net debit cap and have a strength of
support assessment (SOSA) 1 or SOSA
2 ranking or hold a financial holding
company (FHC) designation are required
to submit the FR 2225 to their
Administrative Reserve Bank (ARB).1 2
Legal authorization and
confidentiality: The Federal Reserve
Board’s Legal Division has determined
that the FR 2225 is authorized by
Sections 11(i), 16, and 19(f) of the
Federal Reserve Act (12 U.S.C. 248(i),
248–1, and 464). An FBO is required to
respond in order to obtain or retain a
benefit, i.e., in order for the U.S. branch
or agency of an FBO to establish and
maintain a non-zero net debit cap.
Respondents are not asked to submit
any data that are not ordinarily
disclosed to the public; accordingly,
such items would not routinely be
protected from disclosure under the
1 The Administrative Reserve Bank is responsible
for the administration of Federal Reserve credit,
reserves, and risk-management policies for a given
institution or other legal entity.
2 Most FBOs that are ranked SOSA 3 do not
qualify for a positive net debit cap. In the event a
Reserve Bank grants a net debit cap or extends
intraday credit to a financially healthy SOSA 3ranked FBO, the financially healthy SOSA 3-ranked
FBOs will have their U.S. capital equivalency based
on their ‘‘Net due to related depository institutions’’
as reported on the Report of Assets and Liabilities
of U.S. Branches and Agencies of Foreign Banks
(FFIEC 002), Schedule RAL, Item 5.a, Column A, for
the most recent quarter.
E:\FR\FM\07JYN1.SGM
07JYN1
31604
Federal Register / Vol. 82, No. 129 / Friday, July 7, 2017 / Notices
Freedom of Information Act (FOIA). To
the extent an institution submits data it
believes are confidential and can
establish the potential for substantial
competitive harm, those responses
would be protected from disclosure
pursuant to exemption 4 of the FOIA (5
U.S.C. 552(b)(4)), under the standards
set forth in National Parks &
Conservation Ass’n v. Morton, 498 F.2d
765 (D.C. Cir. 1974). Such a
determination would be made on a caseby-case basis in response to a specific
request for disclosure of the
information.
Current actions: On April 7, 2017, the
Board published a notice in the Federal
Register (82 FR 17005) requesting
public comment for 60 days on the
extension, without revision, of the
Annual Daylight Overdraft Capital
Report for U.S. Branches and Agencies
of Foreign Banks. The comment period
for this notice expired on June 6, 2017.
The Board did not receive any
comments.
Board of Governors of the Federal Reserve
System, July 3, 2017.
Ann E. Misback
Secretary of the Board.
[FR Doc. 2017–14259 Filed 7–6–17; 8:45 am]
BILLING CODE 6210–01–P
FEDERAL RESERVE SYSTEM
asabaliauskas on DSKBBXCHB2PROD with NOTICES
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 July 24,
2017.
A. Federal Reserve Bank of Atlanta
(Chapelle Davis, Assistant Vice
President) 1000 Peachtree Street NE.,
Atlanta, Georgia 30309. Comments can
also be sent electronically to
Applications.Comments@atl.frb.org:
1. Angela G. Davis and Darcilla D.
Richardson, both of Heflin, Alabama; to
retain voting shares of East Alabama
VerDate Sep<11>2014
20:56 Jul 06, 2017
Jkt 241001
Financial Group, Inc., and thereby
indirectly retain additional voting
shares of Small Town Bank, both of
Wedowee, Alabama. Notificants will
join the previously approved Davis
Family control group.
Privacy and Identity Protection, Bureau
of Consumer Protection, Federal Trade
Commission, 600 Pennsylvania Ave.
NW., Drop Box 8232, Washington, DC
20580, (202) 326–2773.
SUPPLEMENTARY INFORMATION:
Board of Governors of the Federal Reserve
System, June 30, 2017.
Yao-Chin Chao,
Assistant Secretary of the Board.
Background
The Dodd-Frank Wall Street Reform
and Consumer Protection Act of 2010
(Dodd-Frank Act) 1 substantially
changed the federal legal framework for
financial services providers. Among the
changes, the Dodd-Frank Act transferred
rulemaking authority for a number of
consumer financial protection laws from
seven Federal agencies, including the
FTC, to the Bureau of Consumer
Financial Protection (CFPB) as of July
21, 2011. This transfer to the CFPB
included most provisions of Subtitle A
of Title V of the GrammLeach-Bliley Act
(GLB Act), with respect to financial
institutions described in section 504 of
the GLB Act. Pursuant to the GLB Act,
only the FTC retains rulemaking
authority for its Privacy Rule, 16 CFR
313, for motor vehicle dealers
predominantly engaged in the sale and
servicing of motor vehicles, the leasing
and servicing of motor vehicles, or
both.2 The CFPB implemented its own
regulations to enforce the Dodd-Frank
provisions, including Privacy of
Consumer Financial Information
(Regulation P), 12 CFR 1016.3
Contemporaneous with that issuance,
the CFPB and FTC each had submitted
to OMB, and received its approval for,
the agencies’ respective burden
estimates reflecting their overlapping
enforcement jurisdiction. The FTC
supplemented its estimates for the
enforcement authority exclusive to it
regarding the class of motor vehicle
dealers noted above. Following the
preliminary background information,
the discussion in the Burden Statement
below continues that analytical
framework with appropriate updates or
other revisions for instant purposes.
[FR Doc. 2017–14276 Filed 7–6–17; 8:45 am]
BILLING CODE 6210–01–P
FEDERAL TRADE COMMISSION
Agency Information Collection
Activities; Proposed Collection;
Comment Request
Federal Trade Commission
(FTC or Commission).
ACTION: Notice.
AGENCY:
The information collection
requirements described below will be
submitted to the Office of Management
and Budget (OMB) for review, as
required by the Paperwork Reduction
Act (PRA). The FTC seeks public
comments on its proposal to extend, for
three years, the current PRA clearance
for information collection requirements
contained in the Privacy of Consumer
Financial Information Rule (Privacy
Rule or Rule). That clearance expires on
October 31, 2017.
DATES: Comments must be received on
or before September 5, 2017.
ADDRESSES: Interested parties may file a
comment online or on paper by
following the instructions in the
Request for Comments part of the
SUPPLEMENTARY INFORMATION section
below. Write ‘‘Privacy Rule: Paperwork
Comment: FTC File No. P085405’’ on
your comment, and file your comment
online at https://
ftcpublic.commentworks.com/ftc/
glbfinancialrulepra by following the
instructions on the web-based form. If
you prefer to file your comment on
paper, mail your comment to the
following address: Federal Trade
Commission, Office of the Secretary,
600 Pennsylvania Avenue NW., Suite
CC–5610 (Annex J), Washington, DC
20580, or deliver your comment to the
following address: Federal Trade
Commission, Office of the Secretary,
Constitution Center, 400 7th Street SW.,
5th Floor, Suite 5610 (Annex J),
Washington, DC 20024.
FOR FURTHER INFORMATION CONTACT:
Requests for copies of the collection of
information and supporting
documentation should be addressed to
David Lincicum, Attorney, Division of
SUMMARY:
PO 00000
Frm 00057
Fmt 4703
Sfmt 4703
Proposed Information Collection
Activities
Under the Paperwork Reduction Act
(PRA), 44 U.S.C. 3501–3520, federal
agencies must get OMB approval for
each collection of information they
conduct, sponsor, or require.
‘‘Collection of information’’ means
agency requests or requirements to
submit reports, keep records, or provide
information to a third party. 44 U.S.C.
1 Public
Law 111–203, 124 Stat. 1376 (2010).
Dodd-Frank Act, at section 1029(a), (c).
3 See 76 FR 79025 (Dec. 21, 2011); Privacy of
Consumer Financial Information (Regulation P), 12
CFR 1016, OMB Control Number 3170–0010.
2 See
E:\FR\FM\07JYN1.SGM
07JYN1
Agencies
[Federal Register Volume 82, Number 129 (Friday, July 7, 2017)]
[Notices]
[Pages 31603-31604]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-14259]
-----------------------------------------------------------------------
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)
is adopting a proposal to extend for three years, without revision, the
Annual Daylight Overdraft Capital Report for U.S. Branches and Agencies
of Foreign Banks (FR 2225; OMB No. 7100-0216).
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. 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
or by fax to (202) 395-6974.
Final approval under OMB delegated authority of the extension for
three years, without revision, of the following report:
Report Title: Annual Daylight Overdraft Capital Report for U.S.
Branches and Agencies of Foreign Banks.
Agency Form Number: FR 2225.
OMB Control Number: 7100-0216.
Frequency: Annually.
Respondents: Foreign banking organizations (FBO).
Estimated Number of Respondents: 50.
Estimated Average Hours per Response: 1.
Estimated annual burden hours: 50.
General description of report: This report was implemented in March
1986 as part of the procedures used to administer the Federal Reserve's
Payment System Risk (PSR) policy. A key component of the PSR policy is
a limit, or a net debit cap, on an institution's negative intraday
balance in its Reserve Bank account. The Federal Reserve calculates an
institution's net debit cap by applying the multiple associated with
the net debit cap category to the institution's capital. For foreign
banking organizations (FBOs), a percentage of the FBO's capital
measure, known as the U.S. capital equivalency, is used to calculate
the FBO's net debit cap.
FBOs that wish to establish a positive net debit cap and have a
strength of support assessment (SOSA) 1 or SOSA 2 ranking or hold a
financial holding company (FHC) designation are required to submit the
FR 2225 to their Administrative Reserve Bank (ARB).1 2
---------------------------------------------------------------------------
\1\ The Administrative Reserve Bank is responsible for the
administration of Federal Reserve credit, reserves, and risk-
management policies for a given institution or other legal entity.
\2\ Most FBOs that are ranked SOSA 3 do not qualify for a
positive net debit cap. In the event a Reserve Bank grants a net
debit cap or extends intraday credit to a financially healthy SOSA
3-ranked FBO, the financially healthy SOSA 3-ranked FBOs will have
their U.S. capital equivalency based on their ``Net due to related
depository institutions'' as reported on the Report of Assets and
Liabilities of U.S. Branches and Agencies of Foreign Banks (FFIEC
002), Schedule RAL, Item 5.a, Column A, for the most recent quarter.
---------------------------------------------------------------------------
Legal authorization and confidentiality: The Federal Reserve
Board's Legal Division has determined that the FR 2225 is authorized by
Sections 11(i), 16, and 19(f) of the Federal Reserve Act (12 U.S.C.
248(i), 248-1, and 464). An FBO is required to respond in order to
obtain or retain a benefit, i.e., in order for the U.S. branch or
agency of an FBO to establish and maintain a non-zero net debit cap.
Respondents are not asked to submit any data that are not ordinarily
disclosed to the public; accordingly, such items would not routinely be
protected from disclosure under the
[[Page 31604]]
Freedom of Information Act (FOIA). To the extent an institution submits
data it believes are confidential and can establish the potential for
substantial competitive harm, those responses would be protected from
disclosure pursuant to exemption 4 of the FOIA (5 U.S.C. 552(b)(4)),
under the standards set forth in National Parks & Conservation Ass'n v.
Morton, 498 F.2d 765 (D.C. Cir. 1974). Such a determination would be
made on a case-by-case basis in response to a specific request for
disclosure of the information.
Current actions: On April 7, 2017, the Board published a notice in
the Federal Register (82 FR 17005) requesting public comment for 60
days on the extension, without revision, of the Annual Daylight
Overdraft Capital Report for U.S. Branches and Agencies of Foreign
Banks. The comment period for this notice expired on June 6, 2017. The
Board did not receive any comments.
Board of Governors of the Federal Reserve System, July 3, 2017.
Ann E. Misback
Secretary of the Board.
[FR Doc. 2017-14259 Filed 7-6-17; 8:45 am]
BILLING CODE 6210-01-P