Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 33496-33497 [2017-15263]

Download as PDF 33496 Federal Register / Vol. 82, No. 138 / Thursday, July 20, 2017 / Notices 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 16, 2017. A. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant Vice President) 230 South LaSalle Street, Chicago, Illinois 60690–1414: 1. QCR Holdings, Inc., Moline, Illinois; to acquire 100 percent of the voting shares of Guaranty Bank and Trust Company, Cedar Rapids, Iowa. B. Federal Reserve Bank of Dallas (Robert L. Triplett III, Senior Vice President) 2200 North Pearl Street, Dallas, Texas 75201–2272: 1. Southside Bancshares, Inc., Tyler, Texas; to merge with Diboll State Bancshares, Inc., and thereby indirectly acquire First Bank & Trust East Texas, both of Diboll, Texas. C. Federal Reserve Bank of St. Louis (David L. Hubbard, Senior Manager) P.O. Box 442, St. Louis, Missouri 63166–2034. Comments can also be sent electronically to Comments .applications@stls.frb.org: 1. Simmons First National Corporation, Pine Bluff, Arkansas; to merge with Southwest Bancorp, Inc., VerDate Sep<11>2014 18:50 Jul 19, 2017 Jkt 241001 Stillwater, Oklahoma, and thereby indirectly acquire Bank SNB, Stillwater, Oklahoma. Board of Governors of the Federal Reserve System, July 17, 2017. Yao-Chin Chao, Assistant Secretary of the Board. [FR Doc. 2017–15251 Filed 7–19–17; 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. AGENCY: The Board of Governors of the Federal Reserve System (Board) is adopting a proposal to extend, without revision, the recordkeeping and disclosure requirements associated with Regulation R. 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 Board 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. SUMMARY: 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. PO 00000 Frm 00021 Fmt 4703 Sfmt 4703 Final approval under OMB delegated authority of the extension for three years, without revision, of the following report: Report title: Recordkeeping and Disclosure Requirements Associated with Regulation R. Agency form number: FR 4025. OMB Control number: 7100–0316. Frequency: On occasion. Respondents: Commercial banks and savings associations. Estimated number of respondents: Section 701 disclosures to customers: 1,500; Section 701 disclosures to brokers: 1,500, Section 723 recordkeeping: 75; Section 741 disclosures to customers: 750. Estimated average hours per response: Section 701 disclosures to customers: 5 minutes; Section 701 disclosures to brokers: 15 minutes, Section 723 recordkeeping: 15 minutes; Section 741 disclosures to customers: 5 minutes. Estimated annual burden hours: 75,563. General description of report: Sections 701, 723, and 741 contain information collection requirements. Details of the requirements for each section are provided below. Section 701. Section 701(a)(2)(i) and (b) require banks (or their broker-dealer partners) that utilize the exemption provided in this section to make certain disclosures to high net worth or institutional customers. Specifically, these banks must clearly and conspicuously disclose (i) the name of the broker-dealer and (ii) that the bank employee participates in an incentive compensation program under which the bank employee may receive a fee of more than a nominal amount for referring the customer to the brokerdealer and payment of this fee may be contingent on whether the referral results in a transaction with the brokerdealer. In addition, one of the conditions of the exemption is that the broker-dealer and the bank have a contractual or other written arrangement containing certain elements, including notification and information requirements. The bank must provide its broker-dealer partner with the name of the bank employee receiving a referral fee under the exemption and certain other identifying information relating to the bank employee. Section 723. Section 723(e)(1) requires a bank that desires to exclude a trust or fiduciary account in determining its compliance with the chiefly compensated test in section 721, pursuant to a de minimis exclusion 5, to maintain records demonstrating that SUPPLEMENTARY INFORMATION: E:\FR\FM\20JYN1.SGM 20JYN1 asabaliauskas on DSKBBXCHB2PROD with NOTICES Federal Register / Vol. 82, No. 138 / Thursday, July 20, 2017 / Notices the securities transactions conducted by or on behalf of the account were undertaken by the bank in the exercise of its trust or fiduciary responsibilities with respect to the account. Section 741. Section 741(a)(2)(ii)(A) requires a bank relying on this exemption, which permits banks to effect transactions in the shares of a money market fund, to provide customers with a prospectus for the money market fund securities, not later than the time the customer authorizes the bank to effect the transaction in such securities, if the class or series of securities are not no-load. In situations where a bank effects transactions under the exemption as part of a program for the investment or reinvestment of deposit funds of, or collected by, another bank, the Section permits either the effecting bank or the deposit-taking bank to provide the customer a prospectus for the money market fund securities. Legal authorization and confidentiality: The Board’s Legal Division has determined that section 3(a)(4)(F) of the Exchange Act (15 U.S.C. 78c(a)(4)(F)) authorizes the Board and the SEC to require the information collection. The FR 4025 is required to obtain a benefit because banks wishing to utilize exemptions provided by the rules 701, 723, and 741 are required to comply with the recordkeeping and disclosure requirements. If an institution considers the information to be trade secrets and/or privileged, such information could be withheld from the public under section (b)(4) of the Freedom of Information Act (5 U.S.C. 552(b)(4)). Additionally, to the extent that such information may be contained in an examination report, such information maybe also be withheld from the public under section (b)(8) of the Freedom of Information Act (5 U.S.C. 552 (b)(8)). Current Actions: On April 3, 2017, the Board published a notice in the Federal Register (82 FR 16210) requesting public comment for 60 days on the extension, without revision, of the Recordkeeping and Disclosure Requirements Associated with Regulation R. The comment period for this notice expired on June 2, 2017. The Board did not receive any comments. Board of Governors of the Federal Reserve System, July 17, 2017. Ann E. Misback Secretary of the Board. [FR Doc. 2017–15263 Filed 7–19–17; 8:45 am] BILLING CODE 6210–01–P VerDate Sep<11>2014 18:50 Jul 19, 2017 Jkt 241001 DEPARTMENT OF HEALTH AND HUMAN SERVICES Food and Drug Administration [Docket No. FDA–2016–N–0407] Pilot Project Program Under the Drug Supply Chain Security Act; Request for Comments AGENCY: Food and Drug Administration, HHS. ACTION: Notice; request for comments. The Food and Drug Administration (FDA or Agency) is announcing its intent to establish a pilot project program under the Drug Supply Chain Security Act (the DSCSA Pilot Project Program) to assist in development of the electronic, interoperable system that will identify and trace certain prescription drugs as these are distributed within the United States. Under this program, FDA will work with stakeholders to establish one or more pilot projects to explore and evaluate methods to enhance the safety and security of the pharmaceutical distribution supply chain. Participation in the DSCSA Pilot Project Program will be voluntary and will be open to pharmaceutical distribution supply chain members. FDA will be particularly interested in participation reflecting the diversity of the supply chain, including large and small entities from all industry sectors. This notice describes the proposed DSCSA Pilot Project Program, including proposed instructions for submitting a request to participate. FDA is soliciting comments on the proposed collection of information associated with establishment of the DSCSA Pilot Project Program before submitting the proposed collection to the Office of Management and Budget (OMB) for approval. FDA does not intend to begin the proposed DSCSA Pilot Project Program or accept requests to participate in the program until OMB has approved the proposed collection of information. DATES: Submit written or electronic comments on this pilot project program by September 18, 2017. ADDRESSES: You may submit comments as follows. Please note that late, untimely filed comments will not be considered. Electronic comments must be submitted on or before September 18, 2017. The https://www.regulations.gov electronic filing system will accept comments until midnight Eastern Time at the end of September 18, 2017. Comments received by mail/hand delivery/courier (for written/paper SUMMARY: PO 00000 Frm 00022 Fmt 4703 Sfmt 4703 33497 submissions) will be considered timely if they are postmarked or the delivery service acceptance receipt is on or before that date. Electronic Submissions Submit electronic comments in the following way: • Federal eRulemaking Portal: https://www.regulations.gov. Follow the instructions for submitting comments. Comments submitted electronically, including attachments, to https:// www.regulations.gov will be posted to the docket unchanged. Because your comment will be made public, you are solely responsible for ensuring that your comment does not include any confidential information that you or a third party may not wish to be posted, such as medical information, your or anyone else’s Social Security number, or confidential business information, such as a manufacturing process. Please note that if you include your name, contact information, or other information that identifies you in the body of your comments, that information will be posted on https://www.regulations.gov. • If you want to submit a comment with confidential information that you do not wish to be made available to the public, submit the comment as a written/paper submission and in the manner detailed (see ‘‘Written/Paper Submissions’’ and ‘‘Instructions’’). Written/Paper Submissions Submit written/paper submissions as follows: • Mail/Hand delivery/Courier (for written/paper submissions): Dockets Management Staff (HFA–305), Food and Drug Administration, 5630 Fishers Lane, Rm. 1061, Rockville, MD 20852. • For written/paper comments submitted to the Dockets Management Staff, FDA will post your comment, as well as any attachments, except for information submitted, marked and identified, as confidential, if submitted as detailed in ‘‘Instructions.’’ Instructions: All submissions received must include the Docket No. FDA– 2016–N–0407 for ‘‘Pilot Project Program under the Drug Supply Chain Security Act; Request for Comments.’’ Received comments will be placed in the docket and, except for those submitted as ‘‘Confidential Submissions,’’ publicly viewable at https://www.regulations.gov or at the Dockets Management Staff between 9 a.m. and 4 p.m., Monday through Friday. • Confidential Submissions—To submit a comment with confidential information that you do not wish to be made publicly available, submit your comments only as a written/paper E:\FR\FM\20JYN1.SGM 20JYN1

Agencies

[Federal Register Volume 82, Number 138 (Thursday, July 20, 2017)]
[Notices]
[Pages 33496-33497]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-15263]


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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, without revision, the recordkeeping 
and disclosure requirements associated with Regulation R.
    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 Board 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.

SUPPLEMENTARY INFORMATION: Final approval under OMB delegated authority 
of the extension for three years, without revision, of the following 
report:
    Report title: Recordkeeping and Disclosure Requirements Associated 
with Regulation R.
    Agency form number: FR 4025.
    OMB Control number: 7100-0316.
    Frequency: On occasion.
    Respondents: Commercial banks and savings associations.
    Estimated number of respondents: Section 701 disclosures to 
customers: 1,500; Section 701 disclosures to brokers: 1,500, Section 
723 recordkeeping: 75; Section 741 disclosures to customers: 750.
    Estimated average hours per response: Section 701 disclosures to 
customers: 5 minutes; Section 701 disclosures to brokers: 15 minutes, 
Section 723 recordkeeping: 15 minutes; Section 741 disclosures to 
customers: 5 minutes.
    Estimated annual burden hours: 75,563.
    General description of report: Sections 701, 723, and 741 contain 
information collection requirements. Details of the requirements for 
each section are provided below.
    Section 701. Section 701(a)(2)(i) and (b) require banks (or their 
broker-dealer partners) that utilize the exemption provided in this 
section to make certain disclosures to high net worth or institutional 
customers. Specifically, these banks must clearly and conspicuously 
disclose (i) the name of the broker-dealer and (ii) that the bank 
employee participates in an incentive compensation program under which 
the bank employee may receive a fee of more than a nominal amount for 
referring the customer to the broker- dealer and payment of this fee 
may be contingent on whether the referral results in a transaction with 
the broker-dealer.
    In addition, one of the conditions of the exemption is that the 
broker-dealer and the bank have a contractual or other written 
arrangement containing certain elements, including notification and 
information requirements. The bank must provide its broker-dealer 
partner with the name of the bank employee receiving a referral fee 
under the exemption and certain other identifying information relating 
to the bank employee.
    Section 723. Section 723(e)(1) requires a bank that desires to 
exclude a trust or fiduciary account in determining its compliance with 
the chiefly compensated test in section 721, pursuant to a de minimis 
exclusion 5, to maintain records demonstrating that

[[Page 33497]]

the securities transactions conducted by or on behalf of the account 
were undertaken by the bank in the exercise of its trust or fiduciary 
responsibilities with respect to the account.
    Section 741. Section 741(a)(2)(ii)(A) requires a bank relying on 
this exemption, which permits banks to effect transactions in the 
shares of a money market fund, to provide customers with a prospectus 
for the money market fund securities, not later than the time the 
customer authorizes the bank to effect the transaction in such 
securities, if the class or series of securities are not no-load. In 
situations where a bank effects transactions under the exemption as 
part of a program for the investment or reinvestment of deposit funds 
of, or collected by, another bank, the Section permits either the 
effecting bank or the deposit-taking bank to provide the customer a 
prospectus for the money market fund securities.
    Legal authorization and confidentiality: The Board's Legal Division 
has determined that section 3(a)(4)(F) of the Exchange Act (15 U.S.C. 
78c(a)(4)(F)) authorizes the Board and the SEC to require the 
information collection. The FR 4025 is required to obtain a benefit 
because banks wishing to utilize exemptions provided by the rules 701, 
723, and 741 are required to comply with the recordkeeping and 
disclosure requirements. If an institution considers the information to 
be trade secrets and/or privileged, such information could be withheld 
from the public under section (b)(4) of the Freedom of Information Act 
(5 U.S.C. 552(b)(4)). Additionally, to the extent that such information 
may be contained in an examination report, such information maybe also 
be withheld from the public under section (b)(8) of the Freedom of 
Information Act (5 U.S.C. 552 (b)(8)).
    Current Actions: On April 3, 2017, the Board published a notice in 
the Federal Register (82 FR 16210) requesting public comment for 60 
days on the extension, without revision, of the Recordkeeping and 
Disclosure Requirements Associated with Regulation R. The comment 
period for this notice expired on June 2, 2017. The Board did not 
receive any comments.

    Board of Governors of the Federal Reserve System, July 17, 2017.
Ann E. Misback
Secretary of the Board.
[FR Doc. 2017-15263 Filed 7-19-17; 8:45 am]
 BILLING CODE 6210-01-P
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