Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 11521-11523 [2018-05255]

Download as PDF Federal Register / Vol. 83, No. 51 / Thursday, March 15, 2018 / Notices sradovich on DSK3GMQ082PROD with NOTICES including through the use of automated collection techniques or other forms of information technology; and e. Estimates of capital or startup costs and costs of operation, maintenance, and purchase of services to provide information. At the end of the comment period, the comments and recommendations received will be analyzed to determine the extent to which the Federal Reserve should modify the proposal prior to giving final approval. Proposal To Approve Under OMB Delegated Authority the Extension for Three Years, Without Revision, of the Following Report(s) Report title: 2019 Survey of Consumer Finances (SCF). Agency form number: FR 3059. OMB control number: 7100–0287. Frequency: One-time survey. Respondents: U.S. families. Estimated number of respondents: Pretest, 150; and Main survey, 7,000. Estimated average hours per response: Pretest, 90 minutes; and Main survey, 90 minutes. Estimated annual burden hours: Pretest: 225 hours and Main survey: 10,500 hours. General description of report: This would be the thirteenth triennial SCF since 1983, the beginning of the current series. This survey is the only source of representative information on the structure of U.S. families’ finances. The survey would collect data on the assets, debts, income, work history, pension rights, use of financial services, and attitudes of a sample of U.S. families. Because the ownership of some assets is relatively concentrated in a small number of families, the survey would make a special effort to ensure proper representation of such assets by systematically oversampling wealthier families. Legal authorization and confidentiality: Section 2A of the Federal Reserve Act (FRA) requires that the Board and the Federal Open Market Committee (FOMC) maintain long run growth of the monetary and credit aggregates commensurate with the economy’s long run potential to increase production, so as to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates (12 U.S.C. 225a). In addition, under section 12A of the FRA, the FOMC is required to implement regulations relating to the open market operations conducted by Federal Reserve Banks. Those transactions must be governed with a view to accommodating commerce and business and with regard to their bearing upon VerDate Sep<11>2014 17:34 Mar 14, 2018 Jkt 244001 the general credit situation of the country (12 U.S.C. 263). The Board and the FOMC use the information obtained from the FR 3059 to help fulfill these obligations. The FR 3059 is a voluntary survey. The information collected on the FR 3059 is exempt from disclosure in identifiable form under exemption 6 of the Freedom of Information Act, which protects information that the disclosure of which would constitute an unwarranted invasion of personal privacy of individuals involved (5 U.S.C. 552(b)(6)). Consultation outside the agency: The final survey questionnaire would be developed jointly by the Board and the contractor. The contractor would conduct the interviews for this survey. The data to support the part of the survey sample selected by the Board would be provided by the Statistics of Income Division (SOI) of the Internal Revenue Service under a contract that allows this use of the data as well as other more limited uses of the data for statistical adjustments to the final data and related purposes. As in past SCFs, the sample selection and survey administration would be managed so that the Board would not be given any names of survey participants; SOI would not be given data to link survey responses with tax records; and the contractor would not be given income data derived from the tax returns. Board of Governors of the Federal Reserve System, March 12, 2018. Ann E. Misback, Secretary of the Board. [FR Doc. 2018–05266 Filed 3–14–18; 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, with revision, the Interagency Notice of Change in Control (FR 2081a; OMB No. 7100–0134), Interagency Notice of Change in Director or Senior Executive Officer (FR 2081b; OMB No. 7100–0134), Interagency Biographical and Financial Report (FR 2081c; OMB 7100–0134), and the Interagency Bank Merger Act Application (FR 2070; OMB No. 7100–0171). FOR FURTHER INFORMATION CONTACT: Federal Reserve Board Clearance Officer—Nuha Elmaghrabi—Office of AGENCY: PO 00000 Frm 00034 Fmt 4703 Sfmt 4703 11521 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: On June 15, 1984, the Office of Management and Budget (OMB) delegated to the Board authority under the Paperwork Reduction Act (PRA) to approve and assign OMB control numbers to collection of information requests and requirements conducted or sponsored by the Board. 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. 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. These documents will also be made available on the Federal Reserve Board’s public website at: http://www.federalreserve.gov/apps/ reportforms/review.aspx or may be requested from the agency clearance officer. Final Approval Under OMB Delegated Authority of the Extension for Three Years, With Revision, of the Following Reports Report title: Interagency Notice of Change in Control. Agency form number: FR 2081a. OMB control number: 7100–0134. Frequency: On occasion. Respondents: An individual (or a group of individuals or company or group of companies that would not be bank holding companies (BHCs) or savings and loan holding companies (SLHCs) after consummation of the proposed transaction) seeking to acquire shares of an insured depository institution, SLHC, or BHC (or group of BHCs or SLHCs). Estimated number of respondents: 156. Estimated average hours per response: 30.5. E:\FR\FM\15MRN1.SGM 15MRN1 11522 Federal Register / Vol. 83, No. 51 / Thursday, March 15, 2018 / Notices Estimated annual burden hours: 4,758. sradovich on DSK3GMQ082PROD with NOTICES Report title: Interagency Notice of Change in Director or Senior Executive Officer. Agency form number: FR 2081b. OMB control number: 7100–0134. Frequency: On occasion. Respondents: Insured depository institutions, SLHCs, BHCs, and individuals. Estimated number of respondents: 287. Estimated average hours per response: 2. Estimated annual burden hours: 574. Report title: Interagency Biographical and Financial Report. Agency form number: FR 2081c. OMB control number: 7100–0134. Frequency: On occasion. Respondents: Certain shareholders, directors, and executive officers of financial institutions. Estimated number of respondents: 1,512. Estimated average hours per response: 4.5. Estimated annual burden hours: 6,804. Report title: Interagency Bank Merger Act Application. Agency form number: FR 2070. OMB control number: 7100–0171. Frequency: On occasion. Respondents: State member banks. Estimated number of respondents: Non-affiliate, 54; Affiliate, 10. Estimated average hours per response: Non-affiliate, 31; Affiliate, 19. Estimated annual burden hours: 1,864. General description of reports: The Interagency Notice of Change in Control form is used by an individual (or a group of individuals or a company or group of companies that would not be BHCs or SLHCs after consummation of the proposed transaction) seeking to acquire shares of a state member bank, SLHC or a BHC (or group of BHCs or SLHCs). The notice is submitted to the Board. The notice includes a description of the proposed transaction, the purchase price and funding source, and the personal and financial information of the proposed acquirer(s) and any proposed new management. The Interagency Notice of Change in Director or Senior Executive Officer form is used, under certain circumstances, by a state member bank, BHC, SLHC, or the affected individual to notify the Board of a proposed change in the institution’s board of directors or senior executive officers. The notice must be filed only if the state member bank, SLHC, or BHC is not in VerDate Sep<11>2014 17:34 Mar 14, 2018 Jkt 244001 compliance with all minimum capital requirements, is in troubled condition or, is otherwise required by the Board to provide such notice. The Interagency Biographical and Financial Report is used by certain shareholders, directors, and executive officers, in connection with different types of applications filed with the agencies. Information requested on this reporting form is subject to verification and, as with all required information, must be complete. The Interagency Bank Merger Act Application is an event-generated application and is completed by a state member bank each time the bank requests approval to effect a merger, consolidation, assumption of deposit liabilities, other combining transaction with a nonaffiliated party, or a corporate reorganization with an affiliated party. The form collects information on the basic legal and structural aspects of these transactions. Legal authorization and confidentiality: Section 7(j) of the Federal Deposit Insurance Act (12 U.S.C. 1817(j)) authorizes the Board to require the information under the FR 2081a and FR 2081c. Section 914 of the Financial Institutions Reform, Recovery, and Enforcement Act (12 U.S.C. 1831(i)) authorizes the Board to collect the information in the FR 2081b and FR 2081c. The notices and reporting forms are public documents. Any organization or individual that submits a form may request that all or a portion of the submitted information be kept confidential. In such cases, the filer must justify the exemption by demonstrating that disclosure would cause substantial competitive harm, result in an unwarranted invasion of personal privacy, or would otherwise qualify for an exemption under the Freedom of Information Act (5 U.S.C. 552). The confidentiality status of the information submitted is judged on a case-by-case basis. Because information is being collected from individuals, the Board is required to make certain disclosures to the notificant under the Privacy Act (5 U.S.C. 552a(e)(3)). The disclosures made by the Federal Reserve on the FR 2081 meet the requirements of the Privacy Act. The Bank Merger Act (BMA), 12 U.S.C. 1828(c), authorizes the Board to collect the information in the FR 2070. The BMA requires, in relevant part, that a state member bank, when it is the acquiring, assuming or resulting bank, obtain prior approval from the Board before merging or consolidating with another insured depository institution, PO 00000 Frm 00035 Fmt 4703 Sfmt 4703 or before acquiring the assets of or assuming liability to deposits made in any other insured depository institution. The Interagency Bank Merger Act Application is a public document. However, applicants may request that parts of their applications be kept confidential. In such cases, the filer must justify the exemption by demonstrating that disclosure would cause substantial competitive harm, would result in an unwarranted invasion of personal privacy, or would otherwise qualify for an exemption under the Freedom of Information Act (5 U.S.C. 552). The confidentiality status of the information submitted is judged on a case-by-case basis. Effective Date: All revisions would become effective upon FDIC and OCC receiving OMB approval of their comparable reports. Current actions: On October 2, 2017, the Board published a notice in the Federal Register (82 FR 45847) requesting public comment for 60 days on the extension, with revision, of the Interagency Notice of Change in Control (FR 2081a; OMB No. 7100–0134), Interagency Notice of Change in Director or Senior Executive Officer (FR 2081b; OMB No. 7100–0134), Interagency Biographical and Financial Report (FR 2081c; OMB 7100–0134), and the Interagency Bank Merger Act Application (FR 2070; OMB No. 7100– 0171). The Board proposed to revise the FR 2070, 2081a, FR 2081b, and FR 2081c to improve the clarity of the information requests, delete information requests that are not typically useful for the analysis of the proposal, and increase transparency. The draft final forms would include certain new information requests. These new requests relate to information that is customarily requested during the application review process but not reflected on the current forms. Requesting this information at the beginning of the review, through the forms, should increase the efficiency of the applications process and improve transparency. For example, the draft final FR 2070 would require a description of any contract deadlines and any filings with other state and federal regulators; the draft final FR 2081a would require a narrative description of the proposal and information regarding the expected timing of the proposal; the draft final FR 2081c would require a description of any liability that is contractually delinquent; and the draft final FR 2081a and FR 2081b would both require a description of whether the submission is being filed after-the-fact and whether any exemptions apply. E:\FR\FM\15MRN1.SGM 15MRN1 Federal Register / Vol. 83, No. 51 / Thursday, March 15, 2018 / Notices In addition, each of the draft final forms has been revised to remove information that is no longer relevant. For example, the draft final FR 2070 would no longer require a description of goodwill amortization and purchase discount accretion schedules because of accounting rule changes; the draft final FR 2081a would no longer require a description of current book value per share because that information can be calculated using other available information; and the draft final FR 2081c would remove the requirement to provide a fax number. The comment period for this notice expired on December 1, 2017. The Board did not receive any comments. The revisions will be implemented as proposed. Consultation With the Federal Deposit Insurance Corporation (FDIC) and Office of the Comptroller of the Currency (OCC) Representatives from the Board worked together with representatives from the FDIC and OCC to draft revisions to the Interagency Notice of Change in Control, Interagency Notice of Change in Director or Senior Executive Officer, Interagency Biographical and Financial Report, Interagency Bank Merger Act because each of the agencies uses the forms for information collection. The agencies collaborated to determine whether the forms should be modified. They reviewed the forms in consideration of current law and applications processing procedures and practices. Board of Governors of the Federal Reserve System, March 12, 2018. Ann E. Misback, Secretary of the Board. [FR Doc. 2018–05255 Filed 3–14–18; 8:45 am] BILLING CODE 6210–01–P FEDERAL TRADE COMMISSION Granting of Requests for Early Termination of the Waiting Period Under the Premerger Notification Rules Section 7A of the Clayton Act, 15 U.S.C. 18a, as added by Title II of the Hart-Scott-Rodino Antitrust Improvements Act of 1976, requires persons contemplating certain mergers or acquisitions to give the Federal Trade Commission and the Assistant Attorney General advance notice and to wait designated periods before consummation of such plans. Section 7A(b)(2) of the Act permits the agencies, in individual cases, to terminate this waiting period prior to its expiration and requires that notice of this action be published in the Federal Register. The following transactions were granted early termination—on the dates indicated—of the waiting period provided by law and the premerger notification rules. The listing for each transaction includes the transaction number and the parties to the transaction. The grants were made by the Federal Trade Commission and the Assistant Attorney General for the Antitrust Division of the Department of Justice. Neither agency intends to take any action with respect to these proposed acquisitions during the applicable waiting period. EARLY TERMINATIONS GRANTED FEBRUARY 1, 2018 THRU FEBRUARY 28, 2018 02/01/2018 20180647 ...... G Dominion Energy, Inc.; SCANA Corporation; Dominion Energy, Inc. 02/02/2018 20180107 20180645 20180650 20180676 20180677 20180678 20180682 20180685 ...... ...... ...... ...... ...... ...... ...... ...... G G G G G G G G Michael S. Dunlap; Great Lakes Higher Education Corporation; Michael S. Dunlap. OCM Big Wave Equity Holdings LLC; Billabong International Ltd.; OCM Big Wave Equity Holdings LLC. Ascension Health Alliance; Presence Health Network; Ascension Health Alliance. KKR European Fund IV L.P.; Unilever N.V.; KKR European Fund IV L.P. Grey Mountain Partners Fund III, L.P.; Brambles Limited; Grey Mountain Partners Fund III, L.P. AXA S.A.; Maestro Health, Inc.; AXA S.A. Alps Electric Co., Ltd.; Alpine Electronics, Inc.; Alps Electric Co., Ltd. Fuad El-Hibri; Emergent BioSolutions, Inc.; Fuad El-Hibri. 02/05/2018 20180730 ...... G Idera Pharmaceuticals, Inc.; BioCryst Pharmaceuticals, Inc.; Idera Pharmaceuticals, Inc. 02/06/2018 20180611 20180654 20180683 20180702 ...... ...... ...... ...... G G G G Warburg Pincus Private Equity XI, L.P.; Dude Solutions Holdings, Inc.; Warburg Pincus Private Equity XI, L.P. Corvex Select Equity Master Fund LP; Energen Corporation; Corvex Select Equity Master Fund LP. Compass Diversified Holdings; Jeffrey Wayne Palmer; Compass Diversified Holdings. GTCR Fund XII/A LP; AP VIII Duke Holdings, L.P.; GTCR Fund XII/A LP. 02/07/2018 sradovich on DSK3GMQ082PROD with NOTICES 20180662 ...... 20180704 ...... G G Vista Foundation Fund II, L.P.; KKR 2006 Fund L.P.; Vista Foundation Fund II, L.P. SLP BHN Investor, L.L.C.; Blackhawk Network Holdings, Inc.; SLP BHN Investor, L.L.C. 02/08/2018 20180534 ...... 20180623 ...... G G W.R. Grace & Co.; Albemarle Corporation; W.R. Grace & Co. ABB Ltd; General Electric Company; ABB Ltd. 02/09/2018 20180693 ...... 20180698 ...... VerDate Sep<11>2014 G G Rocher Participations; Natural Products Group, Inc.; Rocher Participations. Michael J. Brown; Euronet Worldwide, Inc.; Michael J. Brown. 17:34 Mar 14, 2018 Jkt 244001 PO 00000 Frm 00036 Fmt 4703 Sfmt 4703 11523 E:\FR\FM\15MRN1.SGM 15MRN1

Agencies

[Federal Register Volume 83, Number 51 (Thursday, March 15, 2018)]
[Notices]
[Pages 11521-11523]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-05255]


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

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, with revision, the 
Interagency Notice of Change in Control (FR 2081a; OMB No. 7100-0134), 
Interagency Notice of Change in Director or Senior Executive Officer 
(FR 2081b; OMB No. 7100-0134), Interagency Biographical and Financial 
Report (FR 2081c; OMB 7100-0134), and the Interagency Bank Merger Act 
Application (FR 2070; OMB No. 7100-0171).

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: On June 15, 1984, the Office of Management 
and Budget (OMB) delegated to the Board authority under the Paperwork 
Reduction Act (PRA) to approve and assign OMB control numbers to 
collection of information requests and requirements conducted or 
sponsored by the Board. 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. 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. These 
documents will also be made available on the Federal Reserve Board's 
public website at: http://www.federalreserve.gov/apps/reportforms/review.aspx or may be requested from the agency clearance officer.

Final Approval Under OMB Delegated Authority of the Extension for Three 
Years, With Revision, of the Following Reports

    Report title: Interagency Notice of Change in Control.
    Agency form number: FR 2081a.
    OMB control number: 7100-0134.
    Frequency: On occasion.
    Respondents: An individual (or a group of individuals or company or 
group of companies that would not be bank holding companies (BHCs) or 
savings and loan holding companies (SLHCs) after consummation of the 
proposed transaction) seeking to acquire shares of an insured 
depository institution, SLHC, or BHC (or group of BHCs or SLHCs).
    Estimated number of respondents: 156.
    Estimated average hours per response: 30.5.

[[Page 11522]]

    Estimated annual burden hours: 4,758.

    Report title: Interagency Notice of Change in Director or Senior 
Executive Officer.
    Agency form number: FR 2081b.
    OMB control number: 7100-0134.
    Frequency: On occasion.
    Respondents: Insured depository institutions, SLHCs, BHCs, and 
individuals.
    Estimated number of respondents: 287.
    Estimated average hours per response: 2.
    Estimated annual burden hours: 574.
    Report title: Interagency Biographical and Financial Report.
    Agency form number: FR 2081c.
    OMB control number: 7100-0134.
    Frequency: On occasion.
    Respondents: Certain shareholders, directors, and executive 
officers of financial institutions.
    Estimated number of respondents: 1,512.
    Estimated average hours per response: 4.5.
    Estimated annual burden hours: 6,804.

    Report title: Interagency Bank Merger Act Application.
    Agency form number: FR 2070.
    OMB control number: 7100-0171.
    Frequency: On occasion.
    Respondents: State member banks.
    Estimated number of respondents: Non-affiliate, 54; Affiliate, 10.
    Estimated average hours per response: Non-affiliate, 31; Affiliate, 
19.
    Estimated annual burden hours: 1,864.
    General description of reports: The Interagency Notice of Change in 
Control form is used by an individual (or a group of individuals or a 
company or group of companies that would not be BHCs or SLHCs after 
consummation of the proposed transaction) seeking to acquire shares of 
a state member bank, SLHC or a BHC (or group of BHCs or SLHCs). The 
notice is submitted to the Board. The notice includes a description of 
the proposed transaction, the purchase price and funding source, and 
the personal and financial information of the proposed acquirer(s) and 
any proposed new management.
    The Interagency Notice of Change in Director or Senior Executive 
Officer form is used, under certain circumstances, by a state member 
bank, BHC, SLHC, or the affected individual to notify the Board of a 
proposed change in the institution's board of directors or senior 
executive officers. The notice must be filed only if the state member 
bank, SLHC, or BHC is not in compliance with all minimum capital 
requirements, is in troubled condition or, is otherwise required by the 
Board to provide such notice.
    The Interagency Biographical and Financial Report is used by 
certain shareholders, directors, and executive officers, in connection 
with different types of applications filed with the agencies. 
Information requested on this reporting form is subject to verification 
and, as with all required information, must be complete.
    The Interagency Bank Merger Act Application is an event-generated 
application and is completed by a state member bank each time the bank 
requests approval to effect a merger, consolidation, assumption of 
deposit liabilities, other combining transaction with a nonaffiliated 
party, or a corporate reorganization with an affiliated party. The form 
collects information on the basic legal and structural aspects of these 
transactions.
    Legal authorization and confidentiality: Section 7(j) of the 
Federal Deposit Insurance Act (12 U.S.C. 1817(j)) authorizes the Board 
to require the information under the FR 2081a and FR 2081c. Section 914 
of the Financial Institutions Reform, Recovery, and Enforcement Act (12 
U.S.C. 1831(i)) authorizes the Board to collect the information in the 
FR 2081b and FR 2081c.
    The notices and reporting forms are public documents. Any 
organization or individual that submits a form may request that all or 
a portion of the submitted information be kept confidential. In such 
cases, the filer must justify the exemption by demonstrating that 
disclosure would cause substantial competitive harm, result in an 
unwarranted invasion of personal privacy, or would otherwise qualify 
for an exemption under the Freedom of Information Act (5 U.S.C. 552). 
The confidentiality status of the information submitted is judged on a 
case-by-case basis.
    Because information is being collected from individuals, the Board 
is required to make certain disclosures to the notificant under the 
Privacy Act (5 U.S.C. 552a(e)(3)). The disclosures made by the Federal 
Reserve on the FR 2081 meet the requirements of the Privacy Act.
    The Bank Merger Act (BMA), 12 U.S.C. 1828(c), authorizes the Board 
to collect the information in the FR 2070. The BMA requires, in 
relevant part, that a state member bank, when it is the acquiring, 
assuming or resulting bank, obtain prior approval from the Board before 
merging or consolidating with another insured depository institution, 
or before acquiring the assets of or assuming liability to deposits 
made in any other insured depository institution.
    The Interagency Bank Merger Act Application is a public document. 
However, applicants may request that parts of their applications be 
kept confidential. In such cases, the filer must justify the exemption 
by demonstrating that disclosure would cause substantial competitive 
harm, would result in an unwarranted invasion of personal privacy, or 
would otherwise qualify for an exemption under the Freedom of 
Information Act (5 U.S.C. 552). The confidentiality status of the 
information submitted is judged on a case-by-case basis.
    Effective Date: All revisions would become effective upon FDIC and 
OCC receiving OMB approval of their comparable reports.
    Current actions: On October 2, 2017, the Board published a notice 
in the Federal Register (82 FR 45847) requesting public comment for 60 
days on the extension, with revision, of the Interagency Notice of 
Change in Control (FR 2081a; OMB No. 7100-0134), Interagency Notice of 
Change in Director or Senior Executive Officer (FR 2081b; OMB No. 7100-
0134), Interagency Biographical and Financial Report (FR 2081c; OMB 
7100-0134), and the Interagency Bank Merger Act Application (FR 2070; 
OMB No. 7100-0171). The Board proposed to revise the FR 2070, 2081a, FR 
2081b, and FR 2081c to improve the clarity of the information requests, 
delete information requests that are not typically useful for the 
analysis of the proposal, and increase transparency.
    The draft final forms would include certain new information 
requests. These new requests relate to information that is customarily 
requested during the application review process but not reflected on 
the current forms. Requesting this information at the beginning of the 
review, through the forms, should increase the efficiency of the 
applications process and improve transparency. For example, the draft 
final FR 2070 would require a description of any contract deadlines and 
any filings with other state and federal regulators; the draft final FR 
2081a would require a narrative description of the proposal and 
information regarding the expected timing of the proposal; the draft 
final FR 2081c would require a description of any liability that is 
contractually delinquent; and the draft final FR 2081a and FR 2081b 
would both require a description of whether the submission is being 
filed after-the-fact and whether any exemptions apply.

[[Page 11523]]

    In addition, each of the draft final forms has been revised to 
remove information that is no longer relevant. For example, the draft 
final FR 2070 would no longer require a description of goodwill 
amortization and purchase discount accretion schedules because of 
accounting rule changes; the draft final FR 2081a would no longer 
require a description of current book value per share because that 
information can be calculated using other available information; and 
the draft final FR 2081c would remove the requirement to provide a fax 
number.
    The comment period for this notice expired on December 1, 2017. The 
Board did not receive any comments. The revisions will be implemented 
as proposed.

Consultation With the Federal Deposit Insurance Corporation (FDIC) and 
Office of the Comptroller of the Currency (OCC)

    Representatives from the Board worked together with representatives 
from the FDIC and OCC to draft revisions to the Interagency Notice of 
Change in Control, Interagency Notice of Change in Director or Senior 
Executive Officer, Interagency Biographical and Financial Report, 
Interagency Bank Merger Act because each of the agencies uses the forms 
for information collection. The agencies collaborated to determine 
whether the forms should be modified. They reviewed the forms in 
consideration of current law and applications processing procedures and 
practices.

    Board of Governors of the Federal Reserve System, March 12, 
2018.
Ann E. Misback,
Secretary of the Board.
[FR Doc. 2018-05255 Filed 3-14-18; 8:45 am]
 BILLING CODE 6210-01-P