Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 31603-31604 [2017-14259]

Download as PDF 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 Frm 00056 Fmt 4703 Sfmt 4703 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]


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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) 
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