Proposed Agency Information Collection Activities; Comment Request, 12758-12760 [2018-05956]

Download as PDF amozie on DSK30RV082PROD with NOTICES 12758 Federal Register / Vol. 83, No. 57 / Friday, March 23, 2018 / Notices Order, 76 FR 73830, November 29, 2011. As such, this data collection is limited to the type of CAIs that carriers would report pursuant to 47 CFR 54.313(f)(1)(ii). Because rate-of-return carriers are already reporting the addresses of many of these CAIs on their FCC Form 481, carriers may face a reduced burden when submitting latitude and longitude of these same CAIs and the links connecting these institutions to other nodes in their networks for mapping purposes. 21. Second, consistent with the Alaska Plan Order, the Bureaus make clear that in the initial collection, carriers must submit data regarding any CAIs served by fiber or wireless connections. This limitation is consistent with the plain language of section 54.316(a)(6), which states that Alaska Plan participants ‘‘shall submit fiber network maps or microwave network maps covering eligible areas’’ for the purpose of tracking carriers’ access to these facilities that would allow them to provide 10/1 Mbps for all Alaskans. In subsequent years, carriers must submit CAIs served by connections that ‘‘are or will be used’’ to support service in their eligible areas. This would include, at a minimum, those instances where the carrier has actual plans to use the CAI and links to extend the network. CAIs served by connections that ‘‘are or will be used’’ in this manner are in fact ‘‘middle mile’’ and/or ‘‘backhaul’’ within the meaning of the Alaska Plan Order and are therefore subject to collection. CAIs connected to high-capacity links may be used to expand service to underserved and unserved communities. Consequently, information regarding CAIs connected by such facilities is necessary for the Commission to understand whether adequate facilities exist to support additional last-mile connections and for the evaluation of carriers’ performance—consistent with the purpose of the map collection. 22. The Bureaus deny ATA’s Petition to the extent it seeks to exclude the reporting of CAIs which meet these criteria. ATA argues that all CAIs are ‘‘last-mile’’ facilities and therefore should not be part of the map collection except in limited circumstances. ATA’s position is not consistent with the Alaska Plan Order. ATA argues that the Bureaus’ reliance on aggregation points to justify reporting some nodes ‘‘proves too much’’ because a ‘‘home’s or business’s Wi-Fi router is an initial aggregation point.’’ But ATA’s argument contravenes its own cited precedent, which separates the network based on points of traffic aggregation with similar network demand. In many instances, VerDate Sep<11>2014 21:54 Mar 22, 2018 Jkt 244001 CAIs’ position in carriers’ network architecture is more akin to wireless towers aggregating community-wide traffic than a last-mile home or smartphone user. Indeed, ATA provides a conceptual network map in its Petition equating schools with wireless towers. This model and the ACAM are consistent with the understanding that both a CAI and a wireless tower can and do aggregate community-wide multiuser traffic. In contrast, a home or small business Wi-Fi router typically serves a single end-user location with only a handful of end-users, and it does not aggregate community-wide multi-user traffic. 23. In light of the foregoing discussion, the Bureaus reject ATA’s counter-proposal to limit the collection of nodes to cell towers and CAIs that are outside of the exchange but connect to a central office in another exchange. In part because of the vast size of many exchanges in Alaska, knowing whether the central office in an exchange is fiberfed does not provide a sufficiently granular picture of the potential middlemile ‘‘weak points’’ or capabilities that could affect the ability of a carrier to meet its commitments or future commitments. Federal Communications Commission. Kris A. Monteith, Chief, Wireline Competition Bureau. [FR Doc. 2018–05881 Filed 3–22–18; 8:45 am] BILLING CODE 6712–01–P FEDERAL DEPOSIT INSURANCE CORPORATION Notice of Change in Subject Matter of Agency Meeting Pursuant to the provisions of subsection (e)(2) of the ‘‘Government in the Sunshine Act’’ (5 U.S.C. 552b(e)(2)), notice is hereby given that at its open meeting held at 10:00 a.m. on Tuesday, March 20, 2018, the Corporation’s Board of Directors determined, on motion of Vice Chairman Thomas M. Hoenig, seconded by Director Joseph M. Otting (Comptroller of the Currency), concurred in by Director Mick Mulvaney (Acting Director, Consumer Financial Protection Bureau), and Chairman Martin J. Gruenberg, that Corporation business required the addition to the agenda for consideration at the meeting, on less than seven days’ notice to the public, of the following matters: Memorandum and resolution re: Final Rule to Implement Increase in Appraisal Threshold for Commercial Real Estate Transactions. PO 00000 Frm 00045 Fmt 4703 Sfmt 4703 The Board further determined, by the same majority vote, that no notice earlier than March 20, 2018, of the change in the subject matter of the meeting was practicable. Dated: March 20, 2018. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 2018–05933 Filed 3–22–18; 8:45 am] BILLING CODE P FEDERAL RESERVE SYSTEM Proposed Agency Information Collection Activities; Comment Request Board of Governors of the Federal Reserve System. ACTION: Notice, request for comment. AGENCY: The Board of Governors of the Federal Reserve System (Board) invites comment on a proposal to extend for three years, with revision, the Bank Holding Company Application and Notification Forms (OMB No. 7100– 0121): The Application for Prior Approval to Become a Bank Holding Company or for a Bank Holding Company to Acquire an Additional Bank or Bank Holding Company (FR Y– 3), the Notification for Prior Approval to Become a Bank Holding Company or for a Bank Holding Company to Acquire an Additional Bank or Bank Holding Company (FR Y–3N), and the Notification for Prior Approval to Engage Directly or Indirectly in Certain Nonbanking Activities (FR Y–4). DATES: Comments must be submitted on or before May 22, 2018. ADDRESSES: You may submit comments, identified by FR Y–3, FR Y–3N, or FR Y–4, by any of the following methods: • Agency website: http:// www.federalreserve.gov. Follow the instructions for submitting comments at http://www.federalreserve.gov/apps/ foia/proposedregs.aspx. • Email: regs.comments@ federalreserve.gov. Include OMB number in the subject line of the message. • FAX: (202) 452–3819 or (202) 452– 3102. • Mail: Ann E. Misback, Secretary, Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue NW, Washington, DC 20551. All public comments are available from the Board’s website at http:// www.federalreserve.gov/apps/foia/ proposedregs.aspx as submitted, unless modified for technical reasons. SUMMARY: E:\FR\FM\23MRN1.SGM 23MRN1 Federal Register / Vol. 83, No. 57 / Friday, March 23, 2018 / Notices amozie on DSK30RV082PROD with NOTICES Accordingly, your comments will not be edited to remove any identifying or contact information. Public comments may also be viewed electronically or in paper form in Room 3515, 1801 K Street (between 18th and 19th Streets NW), Washington, DC 20006 between 9:00 a.m. and 5:00 p.m. on weekdays. Additionally, commenters may send a copy of their comments to the 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. FOR FURTHER INFORMATION CONTACT: A copy of the PRA OMB submission, including the proposed reporting form and instructions, supporting statement, and other documentation will be placed into OMB’s public docket files, if approved. 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, whose name appears below. 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. 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. In exercising this delegated authority, the Board is directed to take every reasonable step to solicit comment. In determining whether to approve a collection of information, the Board will consider all comments received from the public and other agencies. Request for Comment on Information Collection Proposal The Board invites public comment on the following information collection, which is being reviewed under authority delegated by the OMB under the PRA. Comments are invited on the following: a. Whether the proposed collection of information is necessary for the proper performance of the Federal Reserve’s functions; including whether the information has practical utility; VerDate Sep<11>2014 21:54 Mar 22, 2018 Jkt 244001 b. The accuracy of the Federal Reserve’s estimate of the burden of the proposed information collection, including the validity of the methodology and assumptions used; c. Ways to enhance the quality, utility, and clarity of the information to be collected; d. Ways to minimize the burden of information collection on respondents, 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. Proposal To Approve Under OMB Delegated Authority the Extension for Three Years, With Revision, of the Following Report Report title: Application for Prior Approval to Become a Bank Holding Company, or for a Bank Holding Company to Acquire an Additional Bank or Bank Holding Company; Notice for Prior Approval to Become a Bank Holding Company, or for a Bank Holding Company to Acquire an Additional Bank or Bank Holding Company; and Notification for Prior Approval to Engage Directly or Indirectly in Certain Nonbanking Activities. Agency form numbers: FR Y–3, FR Y– 3N, and FR Y–4. OMB control number: 7100–0121. Frequency: Event-generated. Reporters: Corporations seeking to become bank holding companies (BHCs) and existing BHCs. Estimated average hours per response: FR Y–3, Section 3(a)(1): 50 hours; FR Y– 3, Section 3(a)(3) and 3(a)(5): 60.5 hours; FR Y–3N, Sections 3(a)(1), 3(a)(3), and 3(a)(5): 5 hours; FR Y–4, complete notification: 12 hours; FR Y–4, expedited notification: 5 hours; and FR Y–4, post-consummation: 0.5 hours. Estimated number of respondents: FR Y–3, Section 3(a)(1): 81; FR Y–3, Section 3(a)(3) and 3(a)(5): 136; FR Y–3N, Sections 3(a)(1), 3(a)(3), and 3(a)(5): 26; FR Y–4, complete notification: 30; FR Y–4, expedited notification: 11; and FR Y–4, post-consummation: 1. Estimated annual burden hours: 12,824 hours. General description of report: The Federal Reserve requires the submission of these filings for regulatory and supervisory purposes and to allow the Federal Reserve to fulfill its statutory PO 00000 Frm 00046 Fmt 4703 Sfmt 4703 12759 obligations under the Bank Holding Company Act of 1956 (the BHC Act). These filings collect information on proposals by BHCs involving formations, acquisitions, mergers, and nonbanking activities. The Federal Reserve uses this information to evaluate each individual transaction with respect to financial and managerial factors, permissibility, competitive effects, net public benefits, financial stability, and the impact on the convenience and needs of affected communities. The applicant or notificant also is required to publish a notice in a newspaper of general circulation in the community where the head office of the bank to be acquired is located. The notice must state the name and address of the applicant and its proposed subsidiary, and it must invite the public to submit written comments to the appropriate Federal Reserve Bank. Proposed revisions: The Board proposes to revise the FR Y–3, FR Y–3N, and FR Y–4 forms and instructions in order to improve the clarity of the requests; reflect the impact of new laws, regulations, capital requirements and accounting rules; delete items that are not typically useful for the analysis of the proposal; and add transparency for filers regarding the information that is required to consider a proposal. The revisions are intended to make initial filings better reflect and include the information that Board staff requires to evaluate a transaction and thereby reduce the need for subsequent information requests, which may delay the Board’s consideration of a filing and create additional burden for filers. Legal authorization and confidentiality: The FR Y–3 application and FR Y–3N notification are mandatory and submitted pursuant to section 3(a) of the BHC Act, which requires Board approval for formations, acquisitions, and mergers of bank holding companies (12 U.S.C. 1842(a)), and section 5(b) of the BHC Act, which authorizes the Board to issue regulations and orders to carry out these functions (12 U.S.C. 1844(b)). The FR Y–4 notification is mandatory and submitted pursuant to section 4(j) of the BHC Act, which requires BHCs to give advance written notice to the Board of any nonbanking activities (12 U.S.C. 1843(j)), and section 5(b) of the BHC Act (12 U.S.C. 1844(b), described above. The information submitted in the FR Y–3, Y–3N, and Y–4 is considered to be public unless an institution requests confidential treatment for portions of the particular application or notification. Applicants may rely on any Freedom of Information Act exemption, E:\FR\FM\23MRN1.SGM 23MRN1 12760 Federal Register / Vol. 83, No. 57 / Friday, March 23, 2018 / Notices and such requests for confidentiality must contain detailed justifications corresponding to the claimed exemption. Requests for confidentiality will be evaluated on a case-by-case basis. Effective date: July 31, 2018. Board of Governors of the Federal Reserve System, March 20, 2018. Ann E. Misback Secretary of the Board. [FR Doc. 2018–05956 Filed 3–22–18; 8:45 am] BILLING CODE 6210–01–P FEDERAL RESERVE SYSTEM Proposed Agency Information Collection Activities; Comment Request Board of Governors of the Federal Reserve System. ACTION: Notice, request for comment. AGENCY: amozie on DSK30RV082PROD with NOTICES VerDate Sep<11>2014 21:54 Mar 22, 2018 Jkt 244001 A copy of the Paper Reduction Act (PRA) OMB submission, including the proposed reporting form and instructions, supporting statement, and other documentation will be placed into OMB’s public docket files, if approved. 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, whose name appears below. 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. FOR FURTHER INFORMATION CONTACT: The Board of Governors of the Federal Reserve System (Board) invites comment on a proposal to extend for three years, with revision, the International Applications and Prior Notifications Under Subpart B of Regulation K (FR K–2; OMB No. 7100– 0284). The Board proposes to revise the FR K–2 form and instructions in order to: Improve the clarity of the requests; reflect new laws, regulations, capital requirements, and accounting rules; make minor changes for improved style, grammar, and clarity; and harmonize the general information, certification, and confidentiality sections with other similar forms. The revisions are intended to reduce the need for subsequent requests for additional information from respondents, which delay the Federal Reserve’s consideration of a filing and create additional burden for filers. DATES: Comments must be submitted on or before May 22, 2018. ADDRESSES: You may submit comments, identified by FR K–2, by any of the following methods: • Agency website: http:// www.federalreserve.gov. Follow the instructions for submitting comments at http://www.federalreserve.gov/apps/ foia/proposedregs.aspx. • Email: regs.comments@ federalreserve.gov. Include OMB number in the subject line of the message. • FAX: (202) 452–3819 or (202) 452– 3102. • Mail: Ann E. Misback, Secretary, Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue NW, Washington, DC 20551. SUMMARY: All public comments are available from the Board’s website at http:// www.federalreserve.gov/apps/foia/ proposedregs.aspx as submitted, unless modified for technical reasons. Accordingly, your comments will not be edited to remove any identifying or contact information. Public comments may also be viewed electronically or in paper form in Room 3515, 1801 K Street (between 18th and 19th Streets NW) Washington, DC 20006 between 9:00 a.m. and 5:00 p.m. on weekdays. Additionally, commenters may send a copy of their comments to the 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. On June 15, 1984, the Office of Management and Budget (OMB) delegated to the Board authority under the PRA to approve of and assign OMB control numbers to collection of information requests and requirements conducted or sponsored by the Board. In exercising this delegated authority, the Board is directed to take every reasonable step to solicit comment. In determining whether to approve a collection of information, the Board will consider all comments received from the public and other agencies. SUPPLEMENTARY INFORMATION: Request for Comment on Information Collection Proposal The Board invites public comment on the following information collection, which is being reviewed under authority delegated by the OMB under PO 00000 Frm 00047 Fmt 4703 Sfmt 4703 the PRA. Comments are invited on the following: a. Whether the proposed collection of information is necessary for the proper performance of the Federal Reserve’s functions; including whether the information has practical utility; b. The accuracy of the Federal Reserve’s estimate of the burden of the proposed information collection, including the validity of the methodology and assumptions used; c. Ways to enhance the quality, utility, and clarity of the information to be collected; d. Ways to minimize the burden of information collection on respondents, 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. Proposal To Approve Under OMB Delegated Authority the Extension for Three Years, With Revision, of the Following Report Report title: International Applications and Prior Notifications Under Subpart B of Regulation K. Agency form number: FR K–2. OMB control number: 7100–0284. Frequency: On occasion. Respondents: Foreign banks. Estimated number of respondents: 14. Estimated average hours per response: 36 hours. Estimated annual burden hours: 504 hours. General description of collection: Foreign banks are required to obtain the prior approval of the Federal Reserve to establish a branch, agency, or representative office in the United States; to acquire ownership or control of a commercial lending company in the United States; or to change the status of any existing office in the United States. The FR K–2 information collection contains five attachments for the application and notification requirements embodied in subpart B of Regulation K. The Federal Reserve uses the information to fulfill its statutory obligations under the International Banking Act. The applicant also is required to publish a notice in a newspaper of general circulation in the community where the office is proposed to be located. The notice must state the name and address of the applicant/notificant E:\FR\FM\23MRN1.SGM 23MRN1

Agencies

[Federal Register Volume 83, Number 57 (Friday, March 23, 2018)]
[Notices]
[Pages 12758-12760]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-05956]


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FEDERAL RESERVE SYSTEM


Proposed Agency Information Collection Activities; Comment 
Request

AGENCY: Board of Governors of the Federal Reserve System.

ACTION: Notice, request for comment.

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

SUMMARY: The Board of Governors of the Federal Reserve System (Board) 
invites comment on a proposal to extend for three years, with revision, 
the Bank Holding Company Application and Notification Forms (OMB No. 
7100-0121): The Application for Prior Approval to Become a Bank Holding 
Company or for a Bank Holding Company to Acquire an Additional Bank or 
Bank Holding Company (FR Y-3), the Notification for Prior Approval to 
Become a Bank Holding Company or for a Bank Holding Company to Acquire 
an Additional Bank or Bank Holding Company (FR Y-3N), and the 
Notification for Prior Approval to Engage Directly or Indirectly in 
Certain Nonbanking Activities (FR Y-4).

DATES: Comments must be submitted on or before May 22, 2018.

ADDRESSES: You may submit comments, identified by FR Y-3, FR Y-3N, or 
FR Y-4, by any of the following methods:
     Agency website: http://www.federalreserve.gov. Follow the 
instructions for submitting comments at http://www.federalreserve.gov/apps/foia/proposedregs.aspx.
     Email: [email protected]. Include OMB 
number in the subject line of the message.
     FAX: (202) 452-3819 or (202) 452-3102.
     Mail: Ann E. Misback, Secretary, Board of Governors of the 
Federal Reserve System, 20th Street and Constitution Avenue NW, 
Washington, DC 20551.
    All public comments are available from the Board's website at 
http://www.federalreserve.gov/apps/foia/proposedregs.aspx as submitted, 
unless modified for technical reasons.

[[Page 12759]]

Accordingly, your comments will not be edited to remove any identifying 
or contact information. Public comments may also be viewed 
electronically or in paper form in Room 3515, 1801 K Street (between 
18th and 19th Streets NW), Washington, DC 20006 between 9:00 a.m. and 
5:00 p.m. on weekdays.
    Additionally, commenters may send a copy of their comments to the 
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.

FOR FURTHER INFORMATION CONTACT: A copy of the PRA OMB submission, 
including the proposed reporting form and instructions, supporting 
statement, and other documentation will be placed into OMB's public 
docket files, if approved. 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, whose name appears below.
    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.

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. In exercising this delegated authority, the 
Board is directed to take every reasonable step to solicit comment. In 
determining whether to approve a collection of information, the Board 
will consider all comments received from the public and other agencies.

Request for Comment on Information Collection Proposal

    The Board invites public comment on the following information 
collection, which is being reviewed under authority delegated by the 
OMB under the PRA. Comments are invited on the following:
    a. Whether the proposed collection of information is necessary for 
the proper performance of the Federal Reserve's functions; including 
whether the information has practical utility;
    b. The accuracy of the Federal Reserve's estimate of the burden of 
the proposed information collection, including the validity of the 
methodology and assumptions used;
    c. Ways to enhance the quality, utility, and clarity of the 
information to be collected;
    d. Ways to minimize the burden of information collection on 
respondents, 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.

Proposal To Approve Under OMB Delegated Authority the Extension for 
Three Years, With Revision, of the Following Report

    Report title: Application for Prior Approval to Become a Bank 
Holding Company, or for a Bank Holding Company to Acquire an Additional 
Bank or Bank Holding Company; Notice for Prior Approval to Become a 
Bank Holding Company, or for a Bank Holding Company to Acquire an 
Additional Bank or Bank Holding Company; and Notification for Prior 
Approval to Engage Directly or Indirectly in Certain Nonbanking 
Activities.
    Agency form numbers: FR Y-3, FR Y-3N, and FR Y-4.
    OMB control number: 7100-0121.
    Frequency: Event-generated.
    Reporters: Corporations seeking to become bank holding companies 
(BHCs) and existing BHCs.
    Estimated average hours per response: FR Y-3, Section 3(a)(1): 50 
hours; FR Y-3, Section 3(a)(3) and 3(a)(5): 60.5 hours; FR Y-3N, 
Sections 3(a)(1), 3(a)(3), and 3(a)(5): 5 hours; FR Y-4, complete 
notification: 12 hours; FR Y-4, expedited notification: 5 hours; and FR 
Y-4, post-consummation: 0.5 hours.
    Estimated number of respondents: FR Y-3, Section 3(a)(1): 81; FR Y-
3, Section 3(a)(3) and 3(a)(5): 136; FR Y-3N, Sections 3(a)(1), 
3(a)(3), and 3(a)(5): 26; FR Y-4, complete notification: 30; FR Y-4, 
expedited notification: 11; and FR Y-4, post-consummation: 1.
    Estimated annual burden hours: 12,824 hours.
    General description of report: The Federal Reserve requires the 
submission of these filings for regulatory and supervisory purposes and 
to allow the Federal Reserve to fulfill its statutory obligations under 
the Bank Holding Company Act of 1956 (the BHC Act). These filings 
collect information on proposals by BHCs involving formations, 
acquisitions, mergers, and nonbanking activities. The Federal Reserve 
uses this information to evaluate each individual transaction with 
respect to financial and managerial factors, permissibility, 
competitive effects, net public benefits, financial stability, and the 
impact on the convenience and needs of affected communities.
    The applicant or notificant also is required to publish a notice in 
a newspaper of general circulation in the community where the head 
office of the bank to be acquired is located. The notice must state the 
name and address of the applicant and its proposed subsidiary, and it 
must invite the public to submit written comments to the appropriate 
Federal Reserve Bank.
    Proposed revisions: The Board proposes to revise the FR Y-3, FR Y-
3N, and FR Y-4 forms and instructions in order to improve the clarity 
of the requests; reflect the impact of new laws, regulations, capital 
requirements and accounting rules; delete items that are not typically 
useful for the analysis of the proposal; and add transparency for 
filers regarding the information that is required to consider a 
proposal. The revisions are intended to make initial filings better 
reflect and include the information that Board staff requires to 
evaluate a transaction and thereby reduce the need for subsequent 
information requests, which may delay the Board's consideration of a 
filing and create additional burden for filers.
    Legal authorization and confidentiality: The FR Y-3 application and 
FR Y-3N notification are mandatory and submitted pursuant to section 
3(a) of the BHC Act, which requires Board approval for formations, 
acquisitions, and mergers of bank holding companies (12 U.S.C. 
1842(a)), and section 5(b) of the BHC Act, which authorizes the Board 
to issue regulations and orders to carry out these functions (12 U.S.C. 
1844(b)). The FR Y-4 notification is mandatory and submitted pursuant 
to section 4(j) of the BHC Act, which requires BHCs to give advance 
written notice to the Board of any nonbanking activities (12 U.S.C. 
1843(j)), and section 5(b) of the BHC Act (12 U.S.C. 1844(b), described 
above.
    The information submitted in the FR Y-3, Y-3N, and Y-4 is 
considered to be public unless an institution requests confidential 
treatment for portions of the particular application or notification. 
Applicants may rely on any Freedom of Information Act exemption,

[[Page 12760]]

and such requests for confidentiality must contain detailed 
justifications corresponding to the claimed exemption. Requests for 
confidentiality will be evaluated on a case-by-case basis.
    Effective date: July 31, 2018.

    Board of Governors of the Federal Reserve System, March 20, 
2018.
Ann E. Misback
Secretary of the Board.
[FR Doc. 2018-05956 Filed 3-22-18; 8:45 am]
BILLING CODE 6210-01-P