Proposed Agency Information Collection Activities; Comment Request, 12761-12762 [2018-05957]
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Federal Register / Vol. 83, No. 57 / Friday, March 23, 2018 / Notices
and the proposed office, and it must
invite the public to submit written
comments to the appropriate Reserve
Bank.
Proposed revisions: The Board
proposes to revise the FR K–2 form and
instructions in order to: Improve the
clarity of the requests; reflect the impact
of 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 make initial filings more
reflective of the proposed transaction
and thereby reduce the need for
subsequent information requests, which
delay the Federal Reserve’s
consideration of a filing and create
additional burden for filers.
Legal authorization and
confidentiality: This information
collection is mandatory and collected
pursuant to sections 7, 10, and 13 of the
International Banking Act (12 U.S.C.
3105, 3107, and 3108). The information
collected on the FR K–2 is normally
subject to public disclosure under the
Freedom of Information Act (FOIA). The
applying or notifying organization may
request that portions of the information
contained in the FR K–2 be afforded
confidential treatment. To do so,
applicants must demonstrate how the
information for which confidentiality is
requested would fall within the scope of
one or more of the exemptions
contained in the FOIA. Any such
request would be evaluated on a caseby-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. 2018–05958 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.
amozie on DSK30RV082PROD with NOTICES
AGENCY:
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 Subparts A and C of
Regulation K (FR K–1; OMB No. 7100–
0107). The Board proposes to revise the
SUMMARY:
VerDate Sep<11>2014
21:54 Mar 22, 2018
Jkt 244001
FR K–1 form and instructions primarily
to make minor changes for improved
style, grammar, and clarity, and to align
the general information, certification,
and confidentiality sections with other
similar forms. No changes have been
made to the information required in
various attachments.
DATES: Comments must be submitted on
or before May 22, 2018.
ADDRESSES: You may submit comments,
identified by FR K–1, by any of the
following methods:
• Agency website: https://
www.federalreserve.gov. Follow the
instructions for submitting comments at
https://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 https://
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.
FOR FURTHER INFORMATION CONTACT:
A copy of the Paperwork 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: https://
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
PO 00000
Frm 00048
Fmt 4703
Sfmt 4703
12761
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 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.
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: International
Applications and Prior Notifications
under Subparts A and C of
Regulation K.
Agency form number: FR K–1.
OMB control number: 7100–0107.
Frequency: On occasion.
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12762
Federal Register / Vol. 83, No. 57 / Friday, March 23, 2018 / Notices
amozie on DSK30RV082PROD with NOTICES
Respondents: Member banks, Edge
and agreement corporations, bank
holding companies (BHCs), and foreign
organizations.
Estimated number of respondents:
Attachments A and B, 5; Attachments C
through G, 15; Attachments H and I, 12;
Attachment J, 2; Attachment K, 1.
Estimated average hours per response:
Attachments A and B, 11.5 hours;
Attachments C through G, 10 hours;
Attachments H and I, 15.5 hours;
Attachment J, 10 hours; Attachment K,
20 hours.
Estimated annual burden hours: 1,013
hours.
General description of collection:
Subpart A of the Board’s Regulation K
governs the foreign investments and
activities of member banks, Edge and
agreement corporations, BHCs, and
certain investments by foreign
organizations. Subpart C of Regulation K
governs investments in export trading
companies. The FR K–1 information
collection contains eleven attachments
for the application and notification
requirements embodied in Subparts A
and C of Regulation K. The Board
requires these applications for
regulatory and supervisory purposes
and to allow the Board to fulfill its
statutory obligations under the Federal
Reserve Act and the Bank Holding
Company Act of 1956. The applications
are event-generated and provide the
Federal Reserve with information
necessary to evaluate each of the
proposed transactions.
Proposed revisions: The Board
proposes to revise the FR K–1 form and
instructions primarily to make minor
changes for improved style, grammar,
and clarity, and to align the general
information, certification, and
confidentiality sections with other
similar forms.1 In addition, a statement
has been added indicating that the
Board prefers that applicants/notificants
electronically submit the application/
notification and that a pre-filing option
is available. No changes have been made
to the information required in the
various attachments to the FR K–1 form.
Legal authorization and
confidentiality: This information
collection is mandatory and collected
pursuant to sections 25 and 25A of the
Federal Reserve Act (12 U.S.C. 601–
604(a), 611–631), and sections 4(c)(13),
4(c)(14), and 5(c) of the Bank Holding
1 Bank Holding Company Application and
Notification Forms (FR Y–3, FR Y–3N, and FR Y–
4; OMB No. 7100–0121), the International
Applications and Prior Notifications Under Subpart
B of Regulation K (FR K–2; OMB No. 7100–0284),
and the Application for a Foreign Organization to
Acquire a U.S. Bank or Bank Holding Company (FR
Y–3F; OMB No. 7100–0119).
VerDate Sep<11>2014
21:54 Mar 22, 2018
Jkt 244001
Company Act (12 U.S.C. 1843(c)(13),
1843(c)(14), 1844(c)). The information
submitted in the FR K–1 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 (FOIA)
exemption, but such requests for
confidentiality must contain detailed
justifications corresponding to the
claimed FOIA exemption. Any 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. 2018–05957 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:
The Board of Governors of the
Federal Reserve System (Board) invites
comment on a proposal to extend for
three years, with revision, the
Application for a Foreign Organization
to Acquire a U.S. Bank or Bank Holding
Company (FR Y–3F; OMB No. 7100–
0119). The Board proposes to revise the
FR Y–3F form and instructions in order
to improve the clarity of the require
information; obtain additional
information necessary to evaluate the
statutory factors; reflect the impact of
new laws, regulations, capital
requirements, and accounting rules; and
improve transparency regarding the
information that is required to consider
a proposal. The revisions are intended
to reduce the need for subsequent
requests for additional information from
applicants, which may delay the Board’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 Y–3F, by any of the
following methods:
• Agency website: https://
www.federalreserve.gov. Follow the
instructions for submitting comments at
https://www.federalreserve.gov/apps/
foia/proposedregs.aspx.
• Email: regs.comments@
federalreserve.gov. Include OMB
SUMMARY:
PO 00000
Frm 00049
Fmt 4703
Sfmt 4703
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 https://
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.
FOR FURTHER INFORMATION CONTACT: A
copy of the Paperwork 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: https://
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 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
E:\FR\FM\23MRN1.SGM
23MRN1
]]>Agencies
[Federal Register Volume 83, Number 57 (Friday, March 23, 2018)]
[Notices]
[Pages 12761-12762]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-05957]
-----------------------------------------------------------------------
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 International Applications and Prior Notifications under Subparts A
and C of Regulation K (FR K-1; OMB No. 7100-0107). The Board proposes
to revise the FR K-1 form and instructions primarily to make minor
changes for improved style, grammar, and clarity, and to align the
general information, certification, and confidentiality sections with
other similar forms. No changes have been made to the information
required in various attachments.
DATES: Comments must be submitted on or before May 22, 2018.
ADDRESSES: You may submit comments, identified by FR K-1, by any of the
following methods:
Agency website: https://www.federalreserve.gov. Follow the
instructions for submitting comments at https://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
https://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.
FOR FURTHER INFORMATION CONTACT: A copy of the Paperwork 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: https://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 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.
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: International Applications and Prior Notifications
under Subparts A and C of Regulation K.
Agency form number: FR K-1.
OMB control number: 7100-0107.
Frequency: On occasion.
[[Page 12762]]
Respondents: Member banks, Edge and agreement corporations, bank
holding companies (BHCs), and foreign organizations.
Estimated number of respondents: Attachments A and B, 5;
Attachments C through G, 15; Attachments H and I, 12; Attachment J, 2;
Attachment K, 1.
Estimated average hours per response: Attachments A and B, 11.5
hours; Attachments C through G, 10 hours; Attachments H and I, 15.5
hours; Attachment J, 10 hours; Attachment K, 20 hours.
Estimated annual burden hours: 1,013 hours.
General description of collection: Subpart A of the Board's
Regulation K governs the foreign investments and activities of member
banks, Edge and agreement corporations, BHCs, and certain investments
by foreign organizations. Subpart C of Regulation K governs investments
in export trading companies. The FR K-1 information collection contains
eleven attachments for the application and notification requirements
embodied in Subparts A and C of Regulation K. The Board requires these
applications for regulatory and supervisory purposes and to allow the
Board to fulfill its statutory obligations under the Federal Reserve
Act and the Bank Holding Company Act of 1956. The applications are
event-generated and provide the Federal Reserve with information
necessary to evaluate each of the proposed transactions.
Proposed revisions: The Board proposes to revise the FR K-1 form
and instructions primarily to make minor changes for improved style,
grammar, and clarity, and to align the general information,
certification, and confidentiality sections with other similar
forms.\1\ In addition, a statement has been added indicating that the
Board prefers that applicants/notificants electronically submit the
application/notification and that a pre-filing option is available. No
changes have been made to the information required in the various
attachments to the FR K-1 form.
---------------------------------------------------------------------------
\1\ Bank Holding Company Application and Notification Forms (FR
Y-3, FR Y-3N, and FR Y-4; OMB No. 7100-0121), the International
Applications and Prior Notifications Under Subpart B of Regulation K
(FR K-2; OMB No. 7100-0284), and the Application for a Foreign
Organization to Acquire a U.S. Bank or Bank Holding Company (FR Y-
3F; OMB No. 7100-0119).
---------------------------------------------------------------------------
Legal authorization and confidentiality: This information
collection is mandatory and collected pursuant to sections 25 and 25A
of the Federal Reserve Act (12 U.S.C. 601-604(a), 611-631), and
sections 4(c)(13), 4(c)(14), and 5(c) of the Bank Holding Company Act
(12 U.S.C. 1843(c)(13), 1843(c)(14), 1844(c)). The information
submitted in the FR K-1 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 (FOIA) exemption, but such requests for
confidentiality must contain detailed justifications corresponding to
the claimed FOIA exemption. Any 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. 2018-05957 Filed 3-22-18; 8:45 am]
BILLING CODE 6210-01-P
