Proposed Guidance on Supervisory Expectations for Boards of Directors, 55841-55842 [2017-25372]

Download as PDF Federal Register / Vol. 82, No. 225 / Friday, November 24, 2017 / Notices Federal Communications Commission. Marlene H. Dortch, Secretary, Office of the Secretary. [FR Doc. 2017–25411 Filed 11–22–17; 8:45 am] BILLING CODE 6712–01–P FEDERAL DEPOSIT INSURANCE CORPORATION Notice to All Interested Parties of Intent To Terminate the Receivership of 10337, Community First Bank— Chicago Notice is hereby given that the Federal Deposit Insurance Corporation (FDIC or Receiver) as Receiver for Community First Bank—Chicago, Chicago, Illinois, intends to terminate its receivership for said institution. The FDIC was appointed Receiver of Community First Bank—Chicago on February 4, 2011. The liquidation of the receivership assets has been completed. To the extent permitted by available funds and in accordance with law, the Receiver will be making a final dividend payment to proven creditors. Based upon the foregoing, the Receiver has determined that the continued existence of the receivership will serve no useful purpose. Consequently, notice is given that the receivership shall be terminated, to be effective no sooner than thirty days after the date of this notice. If any person wishes to comment concerning the termination of the receivership, such comment must be made in writing and sent within thirty days of the date of this notice to: Federal Deposit Insurance Corporation, Division of Resolutions and Receiverships, Attention: Receivership Oversight Department 34.6, 1601 Bryan Street, Dallas, TX 75201. No comments concerning the termination of this receivership will be considered which are not sent within this time frame. Dated: November 16, 2017. Robert E. Feldman, Executive Secretary, Federal Deposit Insurance Corporation. [FR Doc. 2017–25210 Filed 11–22–17; 8:45 am] sradovich on DSK3GMQ082PROD with NOTICES BILLING CODE 6714–01–P FEDERAL RESERVE SYSTEM 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 VerDate Sep<11>2014 18:19 Nov 22, 2017 Jkt 244001 § 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 December 7, 2017. A. Federal Reserve Bank of Dallas (Robert L. Triplett III, Senior Vice President) 2200 North Pearl Street, Dallas, Texas 75201–2272: 1. J. Edgerton Pierson, Jr. and the Jim Pierson Revocable Grantor Trust, both of Shreveport, Louisiana; to retain voting shares of City Bancshares, Inc., Natchitoches, Louisiana; and Virginia T. Pierson, Mary Lou Pierson Brown, Phillip G. Brown, each of Natchitoches, Louisiana, Patricia Pierson McAlpine, Kingwood, Texas, and J. Edgerton Pierson, Jr.; as a group acting in concert to collectively retain voting shares of City Bancshares, Inc., Natchitoches, Louisiana and thereby, indirectly retain shares of City Bank & Trust Company, Natchitoches, Louisiana. Board of Governors of the Federal Reserve System, November 17, 2017. Ann E. Misback, Secretary of the Board. [FR Doc. 2017–25338 Filed 11–22–17; 8:45 am] BILLING CODE P FEDERAL RESERVE SYSTEM [Docket No. OP–1570] Proposed Guidance on Supervisory Expectations for Boards of Directors Board of Governors of the Federal Reserve System (Board). ACTION: Notice; extension of comment period. AGENCY: On August 9, 2017, the Board published in the Federal Register proposed guidance on supervisory expectations for boards of directors. To facilitate effective public comment on the proposal, the Board previously extended the comment period from October 10, 2017, to November 30, 2017. The Board has determined that an additional extension of the comment period until February 15, 2018, is appropriate. This action will allow interested persons additional time to SUMMARY: PO 00000 Frm 00043 Fmt 4703 Sfmt 4703 55841 analyze the proposal and prepare their comments. DATES: Comments on the proposal must be received on or before February 15, 2018. ADDRESSES: You may submit comments by any of the methods identified in the proposal. Please submit your comments using only one method. FOR FURTHER INFORMATION CONTACT: Michael Hsu, Associate Director, (202) 912–4330, Michael Solomon, Associate Director, (202) 452–3502, Richard Naylor, Associate Director, (202) 728– 5854, Division of Supervision and Regulation; Ben McDonough, Assistant General Counsel, (202) 452–2036, Scott Tkacz, Senior Counsel, (202) 452–2744, Keisha Patrick, Senior Counsel, (202) 452–3559, or Chris Callanan, Senior Attorney, (202) 452–3594, Legal Division, Board of Governors of the Federal Reserve System, 20th and C Streets NW., Washington, DC 20551. For the hearing impaired only, Telecommunications Device for the Deaf (TDD) users may contact (202) 263– 4869. SUPPLEMENTARY INFORMATION: On August 9, 2017, the Board published in the Federal Register proposed guidance 1 on supervisory expectations for boards of directors of firms supervised by the Federal Reserve. The proposal addresses supervisory expectations for boards of directors of bank holding companies, savings and loan holding companies, state member banks, U.S. branches and agencies of foreign banking organizations, and systemically important nonbank financial companies designated by the Financial Stability Oversight Council for supervision by the Federal Reserve. For the largest domestic bank and savings and loan holding companies and systemically important nonbank financial companies, the proposal would establish attributes of effective boards centered on the board’s core responsibilities, which support safety and soundness, and would provide the framework with which the Federal Reserve would evaluate the effectiveness of a firm’s boards of directors. For all domestic bank and savings and loan holding companies, certain existing Federal Reserve Supervision and Regulation letters containing supervisory expectations for boards of directors would be revised or eliminated to more clearly distinguish a board’s roles and responsibilities from those of senior management and allow boards to focus 1 See ‘‘Proposed Guidance on Supervisory Expectation for Boards of Directors,’’ 82 FR 37219 (August 9, 2017). E:\FR\FM\24NON1.SGM 24NON1 55842 Federal Register / Vol. 82, No. 225 / Friday, November 24, 2017 / Notices more of their time and resources on fulfilling their core responsibilities. The proposal stated that the comment period would close on October 10, 2017, which the Board previously extended to November 30, 2017.2 An additional extension of the comment period will provide an opportunity for the public to understand the proposed division of responsibilities between the board, senior management, and business line management and comment on the provisions of the proposal and the questions posed by the Board. Therefore, the Board is extending the end of the comment period for the proposal from November 30, 2017, to February 15, 2018. By order of the Board of Governors of the Federal Reserve System, acting through the Secretary of the Board under delegated authority, ovember 17, 2017. Ann E. Misback, Secretary of the Board. [FR Doc. 2017–25372 Filed 11–22–17; 8:45 am] BILLING CODE P DEPARTMENT OF DEFENSE GENERAL SERVICES ADMINISTRATION NATIONAL AERONAUTICS AND SPACE ADMINISTRATION [OMB Control No. 9000–0155; Docket 2017– 0053; Sequence 18] Information Collection; Prohibition of Acquisition of Products Produced by Forced or Indentured Child Labor Department of Defense (DOD), General Services Administration (GSA), and National Aeronautics and Space Administration (NASA). ACTION: Notice of request for public comments regarding an extension to an existing OMB clearance. AGENCY: Under the provisions of the Paperwork Reduction Act, the Regulatory Secretariat Division (MVCB) will be submitting to the Office of Management and Budget (OMB) a request to review and approve an extension of a previously approved information collection requirement regarding prohibition of acquisition of products produced by forced or indentured child labor. DATES: Submit comments on or before January 23, 2018. ADDRESSES: Submit comments identified by Information Collection sradovich on DSK3GMQ082PROD with NOTICES SUMMARY: 2 See ‘‘Proposed Guidance on Supervisory Expectation for Boards of Directors,’’ 82 FR 47206 (October 11, 2017). VerDate Sep<11>2014 18:19 Nov 22, 2017 Jkt 244001 9000–0155, Prohibition of Acquisition of Products Produced by Forced or Indentured Child Labor, by any of the following methods: • Regulations.gov: http:// www.regulations.gov. Submit comments via the Federal eRulemaking portal by searching the OMB control number 9000–0155. Select the link ‘‘Comment Now’’ that corresponds with ‘‘Information Collection 9000–0155, Prohibition of Acquisition of Products Produced by Forced or Indentured Child Labor’’. Follow the instructions provided on the screen. Please include your name, company name (if any), and ‘‘Information Collection 9000–0155, Prohibition of Acquisition of Products Produced by Forced or Indentured Child Labor’’ on your attached document. • Mail: General Services Administration, Regulatory Secretariat Division (MVCB), 1800 F Street NW., Washington, DC 20405. ATTN: Mr. Poe/ IC 9000–0155, Prohibition of Acquisition of Products Produced by Forced or Indentured Child Labor. Instructions: Please submit comments only and cite Information Collection 9000–0155, Prohibition of Acquisition of Products Produced by Forced or Indentured Child Labor, in all correspondence related to this collection. All comments received will be posted without change to http:// www.regulations.gov, including any personal and/or business confidential information provided. FOR FURTHER INFORMATION CONTACT: Ms. Zenaida Delgado, Procurement Analyst, Acquisition Policy Division, GSA, at 202–969–7207, or email zenaida.delgado@gsa.gov. SUPPLEMENTARY INFORMATION: A. Purpose This information collection complies with Executive Order 13126, Prohibition of Acquisition of Products Produced by Forced or Indentured Child Labor. Executive Order 13126 requires that this prohibition be enforced within the Federal acquisition system, including a provision that requires the contractor to certify to the contracting officer that the contractor or, in the case of an incorporated contractor, a responsible official of the contractor, has made a good faith effort to determine whether forced or indentured child labor was used to mine, produce, or manufacture any product furnished under the contract and that, on the basis of those efforts, the contractor is unaware of any such use of child labor. The information collection requirements of the Executive Order are evidenced via the certification PO 00000 Frm 00044 Fmt 4703 Sfmt 4703 requirements delineated at FAR 52.212– 3 paragraph (i), and 52.222–18. DoD, GSA and NASA analyzed the FY 2017 data from the System for Award Management (SAM) to develop the estimated burden hours for this information collection. B. Annual Reporting Burden Respondents: 1,104. Responses per Respondent: 1. Total Annual Responses: 1,104. Hours per Response: 0.18. Total Burden Hours: 198. C. Public Comments Public comments are particularly invited on: Whether the proposed collection of information is necessary for the proper performance of the functions of the FAR, including whether the information will have practical utility; the accuracy of the estimate of the burden of the information collection; ways to enhance the quality, utility, and clarity of the information to be collected; and ways to minimize the burden of the information collection on respondents, including the use of automated collection techniques or other forms of information technology. Obtaining Copies of Proposals: Requesters may obtain a copy of the information collection documents from the General Services Administration, Regulatory Secretariat Division (MVCB), 1800 F Street NW., Washington, DC 20405. Please cite OMB Control No. 9000–0155, Prohibition of Acquisition of Products Produced by Forced or Indentured Child Labor, in all correspondence. Dated: November 20, 2017. Lorin S. Curit, Director, Federal Acquisition Policy Division, Office of Government-wide Acquisition Policy, Office of Acquisition Policy, Office of Government-wide Policy. [FR Doc. 2017–25429 Filed 11–22–17; 8:45 am] BILLING CODE 6820–EP–P DEPARTMENT OF HEALTH AND HUMAN SERVICES Centers for Disease Control and Prevention Board of Scientific Counselors, Office of Public Health Preparedness and Response (BSC, OPHPR) Centers for Disease Control and Prevention (CDC), Department of Health and Human Services (HHS). ACTION: Notice of charter renewal. AGENCY: This gives notice under the Federal Advisory Committee Act of SUMMARY: E:\FR\FM\24NON1.SGM 24NON1

Agencies

[Federal Register Volume 82, Number 225 (Friday, November 24, 2017)]
[Notices]
[Pages 55841-55842]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-25372]


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FEDERAL RESERVE SYSTEM

[Docket No. OP-1570]


Proposed Guidance on Supervisory Expectations for Boards of 
Directors

AGENCY: Board of Governors of the Federal Reserve System (Board).

ACTION: Notice; extension of comment period.

-----------------------------------------------------------------------

SUMMARY: On August 9, 2017, the Board published in the Federal Register 
proposed guidance on supervisory expectations for boards of directors. 
To facilitate effective public comment on the proposal, the Board 
previously extended the comment period from October 10, 2017, to 
November 30, 2017. The Board has determined that an additional 
extension of the comment period until February 15, 2018, is 
appropriate. This action will allow interested persons additional time 
to analyze the proposal and prepare their comments.

DATES: Comments on the proposal must be received on or before February 
15, 2018.

ADDRESSES: You may submit comments by any of the methods identified in 
the proposal. Please submit your comments using only one method.

FOR FURTHER INFORMATION CONTACT: Michael Hsu, Associate Director, (202) 
912-4330, Michael Solomon, Associate Director, (202) 452-3502, Richard 
Naylor, Associate Director, (202) 728-5854, Division of Supervision and 
Regulation; Ben McDonough, Assistant General Counsel, (202) 452-2036, 
Scott Tkacz, Senior Counsel, (202) 452-2744, Keisha Patrick, Senior 
Counsel, (202) 452-3559, or Chris Callanan, Senior Attorney, (202) 452-
3594, Legal Division, Board of Governors of the Federal Reserve System, 
20th and C Streets NW., Washington, DC 20551. For the hearing impaired 
only, Telecommunications Device for the Deaf (TDD) users may contact 
(202) 263-4869.

SUPPLEMENTARY INFORMATION: On August 9, 2017, the Board published in 
the Federal Register proposed guidance \1\ on supervisory expectations 
for boards of directors of firms supervised by the Federal Reserve. The 
proposal addresses supervisory expectations for boards of directors of 
bank holding companies, savings and loan holding companies, state 
member banks, U.S. branches and agencies of foreign banking 
organizations, and systemically important nonbank financial companies 
designated by the Financial Stability Oversight Council for supervision 
by the Federal Reserve. For the largest domestic bank and savings and 
loan holding companies and systemically important nonbank financial 
companies, the proposal would establish attributes of effective boards 
centered on the board's core responsibilities, which support safety and 
soundness, and would provide the framework with which the Federal 
Reserve would evaluate the effectiveness of a firm's boards of 
directors. For all domestic bank and savings and loan holding 
companies, certain existing Federal Reserve Supervision and Regulation 
letters containing supervisory expectations for boards of directors 
would be revised or eliminated to more clearly distinguish a board's 
roles and responsibilities from those of senior management and allow 
boards to focus

[[Page 55842]]

more of their time and resources on fulfilling their core 
responsibilities. The proposal stated that the comment period would 
close on October 10, 2017, which the Board previously extended to 
November 30, 2017.\2\
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    \1\ See ``Proposed Guidance on Supervisory Expectation for 
Boards of Directors,'' 82 FR 37219 (August 9, 2017).
    \2\ See ``Proposed Guidance on Supervisory Expectation for 
Boards of Directors,'' 82 FR 47206 (October 11, 2017).
---------------------------------------------------------------------------

    An additional extension of the comment period will provide an 
opportunity for the public to understand the proposed division of 
responsibilities between the board, senior management, and business 
line management and comment on the provisions of the proposal and the 
questions posed by the Board. Therefore, the Board is extending the end 
of the comment period for the proposal from November 30, 2017, to 
February 15, 2018.

    By order of the Board of Governors of the Federal Reserve 
System, acting through the Secretary of the Board under delegated 
authority, ovember 17, 2017.
Ann E. Misback,
Secretary of the Board.
[FR Doc. 2017-25372 Filed 11-22-17; 8:45 am]
 BILLING CODE P