Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 41951 [2017-18694]
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Federal Register / Vol. 82, No. 170 / Tuesday, September 5, 2017 / Notices
7.3 percent of the voting shares of Union
Bankshares, Corporation, Richmond,
Virginia, and thereby indirectly acquire
Union Bank & Trust, Richmond,
Virginia.
B. Federal Reserve Bank of Dallas
(Robert L. Triplett III, Senior Vice
President) 2200 North Pearl Street,
Dallas, Texas 75201–2272:
1. Veritex Holdings, Inc., Dallas,
Texas; to merge with Liberty
Bancshares, Inc., Fort Worth, Texas, and
thereby indirectly acquire Liberty Bank,
Hurst, Texas.
Board of Governors of the Federal Reserve
System, August 30, 2017.
Yao-Chin Chao,
Assistant Secretary of the Board.
[FR Doc. 2017–18734 Filed 9–1–17; 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.
SUMMARY: The Board of Governors of the
Federal Reserve System (Board) is
adopting a proposal to extend for three
years, without revision, the Notification
of Nonfinancial Data Processing
Activities (FR 4021; OMB No. 7100–
0306).
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
mstockstill on DSK30JT082PROD with NOTICES
AGENCY:
VerDate Sep<11>2014
17:43 Sep 01, 2017
Jkt 241001
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: 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 the Bank
Holding Company Act (12 U.S.C.
1843(c)(8), (j) and (k)) authorizes the
Board to collect this information and the
information is required to obtain a
benefit. A BHC may request confidential
treatment of the information contained
in the notice pursuant to exemption 4 of
the Freedom of Information Act (5
U.S.C. 552(b)(4)).
Current actions: On May 31, 2017 the
Federal Reserve published a notice in
the Federal Register (82 FR 24970)
requesting public comment for 60 days
on the extension, without revision, of
PO 00000
Frm 00043
Fmt 4703
Sfmt 4703
41951
the Notification of Nonfinancial Data
Processing Activities. The comment
period for this notice expired on July 31,
2017. The Board did not receive any
comments.
Board of Governors of the Federal Reserve
System, August 30, 2017.
Ann E. Misback,
Secretary of the Board.
[FR Doc. 2017–18694 Filed 9–1–17; 8:45 am]
BILLING CODE 6210–01–P
FEDERAL RESERVE SYSTEM
[Docket No. OP–1557]
Final Guidelines for Evaluating Joint
Account Requests
Under the Federal Reserve
Act (FRA), the Federal Reserve Banks
(Reserve Banks) have the authority to
open accounts for member banks and
other eligible depository institutions
(collectively, depository institutions).
The Reserve Banks routinely open and
maintain individual Federal Reserve
accounts for eligible institutions. Joint
accounts—those where the rights and
liabilities are shared among multiple
depository institution account-holders—
have not in the past been available as a
standard account option, but in limited
cases the Reserve Banks have opened
such accounts for specific purposes. The
Board of Governors of the Federal
Reserve System (Board) has approved
final guidelines for evaluating requests
for joint accounts at Reserve Banks
intended to facilitate settlement
between and among depository
institutions participating in privatesector payment systems (private-sector
arrangements). The guidelines broadly
outline factors that will be considered in
evaluating such requests, but are not
intended to provide assurance that any
specific arrangement would be granted
a joint account. Requests will be
evaluated on a case-by-case basis, with
the type and extent of information
necessary to evaluate a particular
request likely dependent on the
complexity of the arrangement.
DATES: September 5, 2017.
FOR FURTHER INFORMATION CONTACT:
Susan V. Foley, Senior Associate
Director (202–452–3596), Kylie Stewart,
Manager (202–245–4207), or Ian C.B.
Spear, Senior Financial Services
Analyst (202–452–3959), Division of
Reserve Bank Operations and Payment
Systems; Gavin Smith, Counsel (202–
452–3474), Legal Division; for users of
Telecommunications Device for the Deaf
(TDD) only, contact 202–263–4869.
SUPPLEMENTARY INFORMATION:
SUMMARY:
E:\FR\FM\05SEN1.SGM
05SEN1
]]>Agencies
[Federal Register Volume 82, Number 170 (Tuesday, September 5, 2017)]
[Notices]
[Page 41951]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-18694]
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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
Notification of Nonfinancial Data Processing Activities (FR 4021; OMB
No. 7100-0306).
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: 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 the Bank Holding Company Act (12 U.S.C. 1843(c)(8),
(j) and (k)) authorizes the Board to collect this information and the
information is required to obtain a benefit. A BHC may request
confidential treatment of the information contained in the notice
pursuant to exemption 4 of the Freedom of Information Act (5 U.S.C.
552(b)(4)).
Current actions: On May 31, 2017 the Federal Reserve published a
notice in the Federal Register (82 FR 24970) requesting public comment
for 60 days on the extension, without revision, of the Notification of
Nonfinancial Data Processing Activities. The comment period for this
notice expired on July 31, 2017. The Board did not receive any
comments.
Board of Governors of the Federal Reserve System, August 30,
2017.
Ann E. Misback,
Secretary of the Board.
[FR Doc. 2017-18694 Filed 9-1-17; 8:45 am]
BILLING CODE 6210-01-P
