Agency Information Collection Activities: Proposed Collection Renewal; Comment Request (OMB No. 3064-0006; -0015; -0019; and -0097), 22061-22064 [2018-10093]
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Federal Register / Vol. 83, No. 92 / Friday, May 11, 2018 / Notices
Dated: May 8, 2018.
Kelly Knight,
Director, NEPA Compliance Division, Office
of Federal Activities.
[FR Doc. 2018–10126 Filed 5–10–18; 8:45 am]
BILLING CODE 6560–50–P
ENVIRONMENTAL PROTECTION
AGENCY
[FRL–9977–95—Region 2]
Proposed CERCLA Section 122(h) Cost
Recovery Settlement for the Global
Landfill Superfund Site, Middlesex
County, New Jersey
Environmental Protection
Agency.
ACTION: Notice; request for public
comment.
AGENCY:
In accordance with section
122(i) of the Comprehensive
Environmental Response,
Compensation, and Liability Act of
1980, as amended (‘‘CERCLA’’), notice
is hereby given by the U.S.
Environmental Protection Agency
(‘‘EPA’’), Region 2, of a proposed cost
recovery settlement agreement pursuant
to section 122(h) of CERCLA, between
the EPA and 15 settling parties
(‘‘Settling Parties’’) regarding the Global
Landfill Superfund Site (‘‘Site’’), located
in Middlesex County, New Jersey.
Pursuant to the proposed cost recovery
settlement agreement, Settling Parties
shall pay $345,000 to EPA in
reimbursement of past response costs
incurred by EPA at the Site, as well as
all future response costs incurred by
EPA in connection with the Site. In
exchange, EPA covenants not to sue or
take administrative action against
Settling Parties pursuant to section
107(a) of CERCLA, for EPA’s past
response costs or EPA’s future response
costs as those costs are defined in the
proposed settlement agreement.
For 30 days following the date of
publication of this document, EPA will
receive written comments concerning
the proposed cost recovery settlement
agreement. Comments to the proposed
settlement agreement should reference
the Global Landfill Superfund Site,
Index No. CERCLA–02–2018–2012. EPA
will consider all comments received
during the 30-day public comment
period and may modify or withdraw its
consent to the settlement agreement if
comments received disclose facts or
considerations that indicate that the
proposed settlement agreement is
inappropriate, improper, or inadequate.
EPA’s response to comments will be
available for public inspection at EPA’s
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SUMMARY:
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Region 2 offices located at 290
Broadway, New York, NY 10007–1866.
DATES: Comments must be submitted on
or before June 11, 2018.
ADDRESSES: The proposed settlement
agreement is available for public
inspection at EPA’s Region 2 offices. To
request a copy of the proposed
settlement agreement, please contact the
EPA employee identified below.
FOR FURTHER INFORMATION CONTACT: Juan
M. Fajardo, Assistant Regional Counsel,
Office of Regional Counsel, U.S.
Environmental Protection Agency
Region 2, 290 Broadway—17th Floor,
New York, NY 10007. Email:
fajardo.juan@epa.gov; telephone: 212–
637–3132.
Dated: April 25, 2018.
John Prince,
Acting Director, Emergency and Remedial
Response Division, U.S. Environmental
Protection Agency, Region 2.
[FR Doc. 2018–10134 Filed 5–10–18; 8:45 am]
BILLING CODE 6560–50–P
FEDERAL COMMUNICATIONS
COMMISSION
Radio Broadcasting Services; AM or
FM Proposals To Change The
Community of License
Federal Communications
Commission.
ACTION: Notice.
AGENCY:
The agency must receive
comments on or before July 10, 2018.
ADDRESSES: Federal Communications
Commission, 445 Twelfth Street SW,
Washington, DC 20554.
FOR FURTHER INFORMATION CONTACT:
Rolanda F. Smith, 202–418–2054.
SUPPLEMENTARY INFORMATION: The
following applicants filed AM or FM
proposals to change the community of
license: NEW BEGINNINGS
MOVEMENT, INC., WJCF–FM, Fac. ID
No. 91193, Channel 201B, From
MORRISTOWN, IN, To GREENFIELD,
IN, BPED–20180327ACM;
EDUCATIONAL MEDIA
FOUNDATION, KMLV, Fac. ID No.
85846, Channel 201C0, From
RALSTON, NE, To MALVERN, IA,
BPED–20180312ABQ; EDUCATIONAL
MEDIA FOUNDATION, KUAO, Fac. ID
No. 71394, Channel 201C2, From
OGDEN, UT, To TREMONTON, UT,
BPED–20180330AAH; FAMILY LIFE
MINISTRIES, INC., WCIH, Fac. ID No.
20641, Channel 212B1, From ELMIRA,
NY, To RIDGEBURY, PA, BPED–
20180413AAQ; CALVARY CHAPEL OF
TWIN FALLS, INC., KBJF, Fac. ID No.
DATES:
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22061
174640, Channel 213C, From NEPHI,
UT, To SARATOGA SPRINGS, UT,
BPED–20180308AAB; SARKES
TARZIAN, INC., WTTS, Fac. ID No.
59141, Channel 222B, From
BLOOMINGTON, IN, To TRAFALGAR,
IN, BPH–20180320ABU; THE
UNIVERSITY OF WYOMING, KTWY,
Fac. ID No. 166052, Channel 248C3,
From SHOSHONI, WY, To SHERIDAN,
WY, BPED–20180413AAZ; THE
UNIVERSITY OF WYOMING, KWWY,
Fac. ID No. 166053, Channel 267C3,
From SHOSHONI, WY, To CASPER,
WY, BPED–20180413ABA; BRYAN
KING, KAJZ, Fac. ID No. 87996,
Channel 293C3, From LLANO, TX, To
GRANITE SHOALS, TX, BPH–
20180302AAX; EDUCATIONAL MEDIA
FOUNDATION, KIMI, Fac. ID No.
189501, Channel 299A, From
MALVERN, IA, To RALSTON, NE,
BPED–20180312ABP; BLOUNT
BROADCASTING CORPORATION,
WKVL, Fac. ID No. 66618, 850kHz,
From KNOXVILLE, TN, To
MARYVILLE, TN, BP–20180208AAL;
920 AM, LLC, WGNU, Fac. ID No.
49042, 920kHz, From GRANITE CITY,
IL, To ST. LOUIS, MO, BP–
20180226AAO; and ETERNITY MEDIA
GROUP, WKXG, Fac. ID No. 65008,
1550kHz, From GREENWOOD, MS, To
BOLTON, MS, BP–20180319AAL.
The full text of these applications is
available for inspection and copying
during normal business hours in the
Commission’s Reference Center, 445
12th Street SW, Washington, DC 20554
or electronically via the Media Bureau’s
Consolidated Data Base System, https://
licensing.fcc.gov/prod/cdbs/pubacc/
prod/cdbs_pa.htm.
Federal Communications Commission.
Nazifa Sawez,
Assistant Chief, Audio Division, Media
Bureau.
[FR Doc. 2018–10035 Filed 5–10–18; 8:45 am]
BILLING CODE 6712–01–P
FEDERAL DEPOSIT INSURANCE
CORPORATION
Agency Information Collection
Activities: Proposed Collection
Renewal; Comment Request (OMB No.
3064–0006; –0015; –0019; and –0097)
Federal Deposit Insurance
Corporation (FDIC).
ACTION: Notice and request for comment.
AGENCY:
The FDIC, as part of its
continuing effort to reduce paperwork
and respondent burden, invites the
general public and other Federal
agencies to take this opportunity to
comment on the renewal of the existing
SUMMARY:
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information collection, as required by
the Paperwork Reduction Act of 1995.
On March 1, 2018, the FDIC requested
comment for 60 days on a proposal to
renew the information collections
described below. No comments were
received. The FDIC hereby gives notice
of its plan to submit to OMB a request
to approve the renewal of these
collections, and again invites comment
on these renewals.
DATES: Comments must be submitted on
or before June 11, 2018.
ADDRESSES: Interested parties are
invited to submit written comments to
the FDIC by any of the following
methods:
• Agency Website: https://
www.FDIC.gov/regulations/laws/federal.
Follow the instructions for submitting
comments on the FDIC website.
• Email: comments@fdic.gov. Include
the name and number of the collection
in the subject line of the message.
• Mail: Manny Cabeza (202–898–
3767), Counsel, MB–3007, Federal
Deposit Insurance Corporation, 550 17th
Street NW, Washington, DC 20429.
• Hand Delivery: Comments may be
hand-delivered to the guard station at
the rear of the 17th Street Building
(located on F Street), on business days
between 7:00 a.m. and 5:00 p.m.
All comments should refer to the
applicable OMB control number. A copy
of the comments may also be submitted
to the OMB desk officer for the FDIC:
Office of Information and Regulatory
Affairs, Office of Management and
Budget, New Executive Office Building,
Washington, DC 20503.
FOR FURTHER INFORMATION CONTACT:
Manny Cabeza, Counsel, 202–898–3767,
mcabeza@FDIC.gov, MB–3007, Federal
Deposit Insurance Corporation, 550 17th
Street NW, Washington, DC 20429.
SUPPLEMENTARY INFORMATION: The FDIC
proposes to implement a number of
revisions to currently-approved
information collections, based on the
recommendations of an interagency
working group comprised of
representatives from the FDIC, the
Board of Governors of the Federal
Reserve System, and the Office of the
Comptroller of the Currency, who
collaborated to recommend the
proposed changes. The proposed
changes are being made to: (a) Improve
the clarity of the requests; (b) reflect
new laws, regulations, capital
requirements and accounting rules; (c)
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delete information requests that have
been determined to be unnecessary for
the analysis of the filing; and (d) add
transparency for filers regarding the
information that is required to consider
a filing. In determining which changes
to propose, the FDIC surveyed its
regional offices to solicit
recommendations for changes to the
forms and considered the effects of the
changes on community bank
organizations, which represent the
majority of filers. The revisions add
items to these forms to clarify the
information being requested to avoid the
need for follow-up requests. Requesting
the information up-front should
increase transparency for filers as well
as improve the efficiency of the
submission and review process.
The FDIC is proposing to revise and
request a three-year extension of the
following currently-approved
collections of information:
1. Title: Interagency Biographical and
Financial Report.
OMB Number: 3064–0006.
Type: Revision of a currently
approved collection.
Form: Interagency Biographical and
Financial Report.
Form Number: 6200/06.
Affected Public: Individuals or
households; business or other for profit;
Insured state nonmember banks and
state savings associations.
Estimated Number of Annual
Respondents: 574.
Estimated Time per Response: 4.5
hours.
Frequency of Response: On occasion.
Estimated Total Annual Burden:
2,583 hours.
General Description of Collection: The
Interagency Biographical and Financial
Report is submitted to the FDIC by: (1)
Each individual director, officer, or
individual or group of shareholders
acting in concert that will own or
control 10 percent or more, of a
proposed or operating depository
institution applying for FDIC deposit
insurance; (2) a person proposing to
acquire control of an insured state
nonmember bank, state savings
association (FDIC-supervised
institution) and certain parent
companies of such entities; (3) each
proposed new director or proposed new
chief executive officer of an FDICsupervised institution which has
undergone a change in control within
the preceding twelve months; and (4)
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each proposed new director or senior
executive officer of an FDIC-supervised
institution that is not in compliance
with all minimum capital requirements,
is in troubled condition, or otherwise is
required to provide such notice. The
information collected is used by the
FDIC to evaluate the general character
and financial condition of individuals
who will be involved in the
management or control of financial
institutions, as required by statute. In
order to lessen the burden on
applicants, the FDIC cooperates with the
other federal banking agencies to the
maximum extent possible in processing
the various applications.
Proposed Revisions: The proposed
changes for the Interagency Biographical
and Financial Report include additional
requested items relating to information
that generally was previously requested
as supplemental information subsequent
to the filing of the initial application;
clarification of exact requirements of
certain requests; deletion of certain
requested items that the FDIC no longer
believes are helpful in evaluating the
notice; and other minor changes for
improved grammar, comprehension,
and accurate citations and mailing
addresses. Because a filer may require
some additional time to incorporate
supplemental documentation,
particularly in connection with the
requested description of pending legal
and related matters, the FDIC estimates
that the proposed revisions will result
in an additional half an hour of
reporting burden for each filer.
Accordingly, the estimated time per
response is being increased from 4
hours to 4.5 hours. The proposed
revised ‘‘Interagency Biographical and
Financial Report’’ form and a redlined
version highlighting the proposed
revisions from the currently-approved
form may be reviewed by the public at
https://www.FDIC.gov/regulations/laws/
federal.
2. Title: Interagency Bank Merger Act
Application.
OMB Number: 3064–0015.
Type: Revision of a currently
approved collection.
Form: Interagency Bank Merger Act
Application.
Form Number: 6220/01.
Affected Public: Individuals or
households; business or other for profit.
Estimated Burden:
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ESTIMATED BURDEN
Number of
annual
respondents
Frequency of
response
Total
estimated
annual hours
Hours per
response
134
162
On Occasion ..................................................
On Occasion ..................................................
19
31
2,546
5,022
Total .........................................................
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Affiliate ............................................................
Nonaffiliate ......................................................
296
.........................................................................
........................
7,568
General Description of Collection: The
Interagency Bank Merger Act
Application form is used by the FDIC,
the Board of Governors of the Federal
Reserve System, and the Office of the
Comptroller of the Currency for
applications under section 18(c) of the
Federal Deposit Insurance Act (FDIA),
as amended (12 U.S.C. 1828(c)). The
application is used for a merger,
consolidation, or other combining
transaction between nonaffiliated
parties as well as to effect a corporate
reorganization between affiliated parties
(affiliate transaction). An affiliate
transaction refers to a merger
transaction or other business
combination (including a purchase and
assumption) between institutions that
are commonly controlled (for example,
between a depository institution and an
affiliated interim institution). There are
different levels of burden for
nonaffiliate and affiliate transactions.
Applicants proposing affiliate
transactions are required to provide less
information than applicants involved in
the merger of two unaffiliated entities.
If depository institutions are not
controlled by the same holding
company, the merger transaction is
considered a nonaffiliate transaction.
Proposed Revisions: The proposed
changes to the Interagency Bank Merger
Act Application form include additional
items relating to information that was
previously requested as supplemental
information subsequent to the filing of
the initial application; clarification of
certain requested items related to
biographical and financial information
for principals and to Community
Reinvestment Act-related information;
deletion of the request for cash flow
projections for the parent company;
updated requests to account for
statutory considerations related to the
effect of a transaction on the stability of
the United States financial system;
changes to capital requirements and
accounting rules; and other minor
changes to improve grammar and
readability, provide accurate citations to
authority, and update mailing
addresses. As a result of the revisions
described above, applicants may need to
provide additional financial
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information, describe pending litigation
and investigations, and summarize the
effects of a proposed transaction on
financial stability. For this reason, the
FDIC estimates that the proposed
revisions will result in an additional
hour of burden for each applicant.
Accordingly, the estimated times per
response are being increased from 18 to
19 hours for affiliate transactions and 30
to 31 hours for nonaffiliate transactions.
The proposed revised ‘‘Interagency
Bank Merger Act Application’’ form and
a redlined version highlighting the
proposed revisions from the currentlyapproved form may be reviewed by the
public at https://www.FDIC.gov/
regulations/laws/federal.
3. Title: Interagency Notice of Change
in Control.
OMB Number: 3064–0019.
Type: Revision of a currently
approved collection.
Form: Interagency Notice of Change in
Control.
Form Number: 6822/01.
Affected Public: Individuals, insured
state nonmember banks, and insured
state savings associations.
Estimated Number of Annual
Respondents: 25.
Estimated Time per Response: 30.5
hours.
Frequency of Response: On occasion.
Estimated Total Annual Burden: 763
hours.
General Description of Collection:
Section 7(j) of the FDIA (12 U.S.C.
1817(j)) and sections 303.80–88 of the
FDIC Rules and Regulations (12 CFR
303.80 et seq.) require that any person
proposing to acquire control of an
insured depository institution and
certain parent companies thereof
provide 60 days prior written notice of
the proposed acquisition to the
appropriate federal banking agency.
Such written notice which pertains to
the acquisition of control of an FDICsupervised institution and certain
parent companies thereof is filed with
the regional director of the FDIC region
in which the bank is located. The FDIC
reviews the information reported in the
Notice to assess, in part, any
anticompetitive and monopolistic
effects of the proposed acquisition, to
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determine if the financial condition of
any acquiring person or the future
prospects of the institution might
jeopardize the financial stability of the
institution or prejudice the interests of
the depositors of the institution, and to
determine whether the competence,
experience, or integrity of any acquiring
person, or of any of the proposed
management personnel, indicates that it
would not be in the interest of the
depositors of the institution, or in the
interest of the public, to permit such
persons to control the bank. The FDIC
must also make an independent
determination of the accuracy and
completeness of all of the information
required to be filed in conjunction with
a Notice.
Proposed Revisions: The proposed
changes for the Interagency Notice of
Change in Control form include
additional requested items relating to
information that generally was
previously requested as supplemental
information subsequent to the filing of
the initial application; clarification of
exact requirements of certain requests;
deletion of certain requested items that
the FDIC no longer believes are helpful
in evaluating the Notice; and other
minor changes for improved grammar,
comprehension, and accurate citations
and mailing addresses. Because certain
applicants may need additional time to
complete the requested breakdowns of
voting and nonvoting securities, and
stock options and warrants that were
previously requested by the agencies
later in the process, and to include a
narrative description of the proposed
transaction, the FDIC estimates that the
proposed revisions would require an
additional half an hour of burden for
each respondent. Accordingly, the
estimated time per response is being
increased from 30 hours to 30.5 hours.
The proposed revised ‘‘Interagency
Notice of Change in Control’’ form and
a redlined version highlighting the
proposed revisions from the currentlyapproved form may be reviewed by the
public at https://www.FDIC.gov/
regulations/laws/federal.
4. Title: Interagency Notice of Change
in Director or Senior Executive Officer.
OMB Number: 3064–0097.
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Type: Revision of a currently
approved collection.
Form: Interagency Notice of Change in
Director or Senior Executive Officer.
Form Number: 6822/02.
Affected Public: Insured state
nonmember banks and state savings
associations.
Estimated Number of Annual
Respondents: 325.
Estimated Time per Response: 2
hours.
Frequency of Response: On occasion.
Estimated Total Annual Burden: 650
hours.
General Description of Collection:
Section 32 of the FDIA (12 U.S.C. 1831i)
requires an insured depository
institution or depository institution
holding company under certain
circumstances to notify the appropriate
federal banking agency of the proposed
addition of any individual to the board
of directors or the employment of any
individual as a senior executive officer
of such institution at least 30 days
before such addition or employment
becomes effective. Section 32 of the
FDIA also provides that the FDIC may
disapprove an individual’s service as a
director or senior executive officer of
certain state nonmember banks or state
savings associations if, upon assessing
the individual’s competence,
experience, character, and integrity, it is
determined that the individual’s service
would not be in the best interest of the
depositors of the institution or the
public. The Interagency Notice of
Change in Director or Senior Executive
Officer, with the information contained
in the Interagency Biographical and
Financial Report (described above) as an
attachment, is used by the FDIC to
collect information relevant to assess
the individual’s competence,
experience, character, and integrity.
Proposed Revisions: The proposed
changes for the Interagency Notice of
Change in Director or Senior Executive
Officer form include clarifications of
existing information requested and
exceptions to the extent they may be
relied upon by applicants; deletion of
certain formerly requested items that are
no longer needed to evaluate the notice;
and other minor changes for improved
grammar, comprehension, and accurate
citations and mailing addresses. The
FDIC believes these revisions will not
change the estimated time per response.
The proposed revised ‘‘Interagency
Notice of Change in Director or Senior
Executive Officer’’ form and a redlined
version highlighting the proposed
revisions from the currently-approved
form may be reviewed by the public at
https://www.FDIC.gov/regulations/laws/
federal.
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Request for Comment
Comments are invited on: (a) Whether
the collection of information is
necessary for the proper performance of
the FDIC’s functions, including whether
the information has practical utility; (b)
the accuracy of the estimates of the
burden of the 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; and (d) ways to minimize the
burden of the collection of information
on respondents, including through the
use of automated collection techniques
or other forms of information
technology. All comments will become
a matter of public record.
Dated at Washington, DC, on May 8, 2018.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2018–10093 Filed 5–10–18; 8:45 am]
BILLING CODE 6714–01–P
FEDERAL RESERVE SYSTEM
Formations of, Acquisitions by, and
Mergers of Bank Holding Companies
The companies listed in this notice
have applied to the Board for approval,
pursuant to the Bank Holding Company
Act of 1956 (12 U.S.C. 1841 et seq.)
(BHC Act), Regulation Y (12 CFR part
225), and all other applicable statutes
and regulations to become a bank
holding company and/or to acquire the
assets or the ownership of, control of, or
the power to vote shares of a bank or
bank holding company and all of the
banks and nonbanking companies
owned by the bank holding company,
including the companies listed below.
The applications listed below, as well
as other related filings required by the
Board, are available for immediate
inspection at the Federal Reserve Bank
indicated. The applications will also be
available for inspection at the offices of
the Board of Governors. Interested
persons may express their views in
writing on the standards enumerated in
the BHC Act (12 U.S.C. 1842(c)). If the
proposal also involves the acquisition of
a nonbanking company, the review also
includes whether the acquisition of the
nonbanking company complies with the
standards in section 4 of the BHC Act
(12 U.S.C. 1843). Unless otherwise
noted, nonbanking activities will be
conducted throughout the United States.
Unless otherwise noted, comments
regarding each of these applications
must be received at the Reserve Bank
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indicated or the offices of the Board of
Governors not later than June 11, 2018.
A. Federal Reserve Bank of Chicago
(Colette A. Fried, Assistant Vice
President) 230 South LaSalle Street,
Chicago, Illinois 60690–1414:
1. Westbury Bancorp, Inc., West Bend,
Wisconsin; to become a bank holding
company upon the conversion of its
subsidiary Westbury Bank, West Bend,
Wisconsin, from a savings bank to a
commercial bank.
Board of Governors of the Federal Reserve
System, May 8, 2018.
Yao-Chin Chao,
Assistant Secretary of the Board.
[FR Doc. 2018–10100 Filed 5–10–18; 8:45 am]
BILLING CODE P
GENERAL SERVICES
ADMINISTRATION
[OMB Control No. 3090–0027; Docket No.
2018–0001; Sequence No. 2]
Information Collection; General
Services Administration Acquisition
Regulation; Contract Administration,
Quality Assurance (GSA Forms 1678
and 308)
Office of Acquisition Policy,
General Services Administration (GSA).
ACTION: Notice of request for comments
regarding an extension to an existing
OMB clearance.
AGENCY:
Under the provisions of the
Paperwork Reduction Act, the General
Services Administration 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
contract administration and quality
assurance.
SUMMARY:
Submit comments on or before:
July 10, 2018.
FOR FURTHER INFORMATION CONTACT: Ms.
Jennifer Calik, Procurement Analyst,
General Services Acquisition Policy
Division, at 312–353–6090 or via email
to jennifer.calik@gsa.gov.
ADDRESSES: Submit comments
identified by Information Collection
3090–0027, Contract Administration
and Quality Assurance (GSA Forms
1678 and 308), by any of the following
methods:
• Regulations.gov: https://
www.regulations.gov. Submit comments
via the Federal eRulemaking portal by
searching the OMB Control number
3090–0027. Select the link ‘‘Comment
Now’’ that corresponds with
‘‘Information Collection 3090–0027,
DATES:
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]]>Agencies
[Federal Register Volume 83, Number 92 (Friday, May 11, 2018)]
[Notices]
[Pages 22061-22064]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-10093]
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FEDERAL DEPOSIT INSURANCE CORPORATION
Agency Information Collection Activities: Proposed Collection
Renewal; Comment Request (OMB No. 3064-0006; -0015; -0019; and -0097)
AGENCY: Federal Deposit Insurance Corporation (FDIC).
ACTION: Notice and request for comment.
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SUMMARY: The FDIC, as part of its continuing effort to reduce paperwork
and respondent burden, invites the general public and other Federal
agencies to take this opportunity to comment on the renewal of the
existing
[[Page 22062]]
information collection, as required by the Paperwork Reduction Act of
1995. On March 1, 2018, the FDIC requested comment for 60 days on a
proposal to renew the information collections described below. No
comments were received. The FDIC hereby gives notice of its plan to
submit to OMB a request to approve the renewal of these collections,
and again invites comment on these renewals.
DATES: Comments must be submitted on or before June 11, 2018.
ADDRESSES: Interested parties are invited to submit written comments to
the FDIC by any of the following methods:
Agency Website: https://www.FDIC.gov/regulations/laws/federal. Follow the instructions for submitting comments on the FDIC
website.
Email: [email protected]. Include the name and number of
the collection in the subject line of the message.
Mail: Manny Cabeza (202-898-3767), Counsel, MB-3007,
Federal Deposit Insurance Corporation, 550 17th Street NW, Washington,
DC 20429.
Hand Delivery: Comments may be hand-delivered to the guard
station at the rear of the 17th Street Building (located on F Street),
on business days between 7:00 a.m. and 5:00 p.m.
All comments should refer to the applicable OMB control number. A
copy of the comments may also be submitted to the OMB desk officer for
the FDIC: Office of Information and Regulatory Affairs, Office of
Management and Budget, New Executive Office Building, Washington, DC
20503.
FOR FURTHER INFORMATION CONTACT: Manny Cabeza, Counsel, 202-898-3767,
[email protected], MB-3007, Federal Deposit Insurance Corporation, 550
17th Street NW, Washington, DC 20429.
SUPPLEMENTARY INFORMATION: The FDIC proposes to implement a number of
revisions to currently-approved information collections, based on the
recommendations of an interagency working group comprised of
representatives from the FDIC, the Board of Governors of the Federal
Reserve System, and the Office of the Comptroller of the Currency, who
collaborated to recommend the proposed changes. The proposed changes
are being made to: (a) Improve the clarity of the requests; (b) reflect
new laws, regulations, capital requirements and accounting rules; (c)
delete information requests that have been determined to be unnecessary
for the analysis of the filing; and (d) add transparency for filers
regarding the information that is required to consider a filing. In
determining which changes to propose, the FDIC surveyed its regional
offices to solicit recommendations for changes to the forms and
considered the effects of the changes on community bank organizations,
which represent the majority of filers. The revisions add items to
these forms to clarify the information being requested to avoid the
need for follow-up requests. Requesting the information up-front should
increase transparency for filers as well as improve the efficiency of
the submission and review process.
The FDIC is proposing to revise and request a three-year extension
of the following currently-approved collections of information:
1. Title: Interagency Biographical and Financial Report.
OMB Number: 3064-0006.
Type: Revision of a currently approved collection.
Form: Interagency Biographical and Financial Report.
Form Number: 6200/06.
Affected Public: Individuals or households; business or other for
profit; Insured state nonmember banks and state savings associations.
Estimated Number of Annual Respondents: 574.
Estimated Time per Response: 4.5 hours.
Frequency of Response: On occasion.
Estimated Total Annual Burden: 2,583 hours.
General Description of Collection: The Interagency Biographical and
Financial Report is submitted to the FDIC by: (1) Each individual
director, officer, or individual or group of shareholders acting in
concert that will own or control 10 percent or more, of a proposed or
operating depository institution applying for FDIC deposit insurance;
(2) a person proposing to acquire control of an insured state nonmember
bank, state savings association (FDIC-supervised institution) and
certain parent companies of such entities; (3) each proposed new
director or proposed new chief executive officer of an FDIC-supervised
institution which has undergone a change in control within the
preceding twelve months; and (4) each proposed new director or senior
executive officer of an FDIC-supervised institution that is not in
compliance with all minimum capital requirements, is in troubled
condition, or otherwise is required to provide such notice. The
information collected is used by the FDIC to evaluate the general
character and financial condition of individuals who will be involved
in the management or control of financial institutions, as required by
statute. In order to lessen the burden on applicants, the FDIC
cooperates with the other federal banking agencies to the maximum
extent possible in processing the various applications.
Proposed Revisions: The proposed changes for the Interagency
Biographical and Financial Report include additional requested items
relating to information that generally was previously requested as
supplemental information subsequent to the filing of the initial
application; clarification of exact requirements of certain requests;
deletion of certain requested items that the FDIC no longer believes
are helpful in evaluating the notice; and other minor changes for
improved grammar, comprehension, and accurate citations and mailing
addresses. Because a filer may require some additional time to
incorporate supplemental documentation, particularly in connection with
the requested description of pending legal and related matters, the
FDIC estimates that the proposed revisions will result in an additional
half an hour of reporting burden for each filer. Accordingly, the
estimated time per response is being increased from 4 hours to 4.5
hours. The proposed revised ``Interagency Biographical and Financial
Report'' form and a redlined version highlighting the proposed
revisions from the currently-approved form may be reviewed by the
public at https://www.FDIC.gov/regulations/laws/federal.
2. Title: Interagency Bank Merger Act Application.
OMB Number: 3064-0015.
Type: Revision of a currently approved collection.
Form: Interagency Bank Merger Act Application.
Form Number: 6220/01.
Affected Public: Individuals or households; business or other for
profit.
Estimated Burden:
[[Page 22063]]
Estimated Burden
----------------------------------------------------------------------------------------------------------------
Number of Total
annual Frequency of response Hours per estimated
respondents response annual hours
----------------------------------------------------------------------------------------------------------------
Affiliate............................. 134 On Occasion............. 19 2,546
Nonaffiliate.......................... 162 On Occasion............. 31 5,022
-------------------------------------------------------------------------
Total............................. 296 ........................ .............. 7,568
----------------------------------------------------------------------------------------------------------------
General Description of Collection: The Interagency Bank Merger Act
Application form is used by the FDIC, the Board of Governors of the
Federal Reserve System, and the Office of the Comptroller of the
Currency for applications under section 18(c) of the Federal Deposit
Insurance Act (FDIA), as amended (12 U.S.C. 1828(c)). The application
is used for a merger, consolidation, or other combining transaction
between nonaffiliated parties as well as to effect a corporate
reorganization between affiliated parties (affiliate transaction). An
affiliate transaction refers to a merger transaction or other business
combination (including a purchase and assumption) between institutions
that are commonly controlled (for example, between a depository
institution and an affiliated interim institution). There are different
levels of burden for nonaffiliate and affiliate transactions.
Applicants proposing affiliate transactions are required to provide
less information than applicants involved in the merger of two
unaffiliated entities. If depository institutions are not controlled by
the same holding company, the merger transaction is considered a
nonaffiliate transaction.
Proposed Revisions: The proposed changes to the Interagency Bank
Merger Act Application form include additional items relating to
information that was previously requested as supplemental information
subsequent to the filing of the initial application; clarification of
certain requested items related to biographical and financial
information for principals and to Community Reinvestment Act-related
information; deletion of the request for cash flow projections for the
parent company; updated requests to account for statutory
considerations related to the effect of a transaction on the stability
of the United States financial system; changes to capital requirements
and accounting rules; and other minor changes to improve grammar and
readability, provide accurate citations to authority, and update
mailing addresses. As a result of the revisions described above,
applicants may need to provide additional financial information,
describe pending litigation and investigations, and summarize the
effects of a proposed transaction on financial stability. For this
reason, the FDIC estimates that the proposed revisions will result in
an additional hour of burden for each applicant. Accordingly, the
estimated times per response are being increased from 18 to 19 hours
for affiliate transactions and 30 to 31 hours for nonaffiliate
transactions. The proposed revised ``Interagency Bank Merger Act
Application'' form and a redlined version highlighting the proposed
revisions from the currently-approved form may be reviewed by the
public at https://www.FDIC.gov/regulations/laws/federal.
3. Title: Interagency Notice of Change in Control.
OMB Number: 3064-0019.
Type: Revision of a currently approved collection.
Form: Interagency Notice of Change in Control.
Form Number: 6822/01.
Affected Public: Individuals, insured state nonmember banks, and
insured state savings associations.
Estimated Number of Annual Respondents: 25.
Estimated Time per Response: 30.5 hours.
Frequency of Response: On occasion.
Estimated Total Annual Burden: 763 hours.
General Description of Collection: Section 7(j) of the FDIA (12
U.S.C. 1817(j)) and sections 303.80-88 of the FDIC Rules and
Regulations (12 CFR 303.80 et seq.) require that any person proposing
to acquire control of an insured depository institution and certain
parent companies thereof provide 60 days prior written notice of the
proposed acquisition to the appropriate federal banking agency. Such
written notice which pertains to the acquisition of control of an FDIC-
supervised institution and certain parent companies thereof is filed
with the regional director of the FDIC region in which the bank is
located. The FDIC reviews the information reported in the Notice to
assess, in part, any anticompetitive and monopolistic effects of the
proposed acquisition, to determine if the financial condition of any
acquiring person or the future prospects of the institution might
jeopardize the financial stability of the institution or prejudice the
interests of the depositors of the institution, and to determine
whether the competence, experience, or integrity of any acquiring
person, or of any of the proposed management personnel, indicates that
it would not be in the interest of the depositors of the institution,
or in the interest of the public, to permit such persons to control the
bank. The FDIC must also make an independent determination of the
accuracy and completeness of all of the information required to be
filed in conjunction with a Notice.
Proposed Revisions: The proposed changes for the Interagency Notice
of Change in Control form include additional requested items relating
to information that generally was previously requested as supplemental
information subsequent to the filing of the initial application;
clarification of exact requirements of certain requests; deletion of
certain requested items that the FDIC no longer believes are helpful in
evaluating the Notice; and other minor changes for improved grammar,
comprehension, and accurate citations and mailing addresses. Because
certain applicants may need additional time to complete the requested
breakdowns of voting and nonvoting securities, and stock options and
warrants that were previously requested by the agencies later in the
process, and to include a narrative description of the proposed
transaction, the FDIC estimates that the proposed revisions would
require an additional half an hour of burden for each respondent.
Accordingly, the estimated time per response is being increased from 30
hours to 30.5 hours. The proposed revised ``Interagency Notice of
Change in Control'' form and a redlined version highlighting the
proposed revisions from the currently-approved form may be reviewed by
the public at https://www.FDIC.gov/regulations/laws/federal.
4. Title: Interagency Notice of Change in Director or Senior
Executive Officer.
OMB Number: 3064-0097.
[[Page 22064]]
Type: Revision of a currently approved collection.
Form: Interagency Notice of Change in Director or Senior Executive
Officer.
Form Number: 6822/02.
Affected Public: Insured state nonmember banks and state savings
associations.
Estimated Number of Annual Respondents: 325.
Estimated Time per Response: 2 hours.
Frequency of Response: On occasion.
Estimated Total Annual Burden: 650 hours.
General Description of Collection: Section 32 of the FDIA (12
U.S.C. 1831i) requires an insured depository institution or depository
institution holding company under certain circumstances to notify the
appropriate federal banking agency of the proposed addition of any
individual to the board of directors or the employment of any
individual as a senior executive officer of such institution at least
30 days before such addition or employment becomes effective. Section
32 of the FDIA also provides that the FDIC may disapprove an
individual's service as a director or senior executive officer of
certain state nonmember banks or state savings associations if, upon
assessing the individual's competence, experience, character, and
integrity, it is determined that the individual's service would not be
in the best interest of the depositors of the institution or the
public. The Interagency Notice of Change in Director or Senior
Executive Officer, with the information contained in the Interagency
Biographical and Financial Report (described above) as an attachment,
is used by the FDIC to collect information relevant to assess the
individual's competence, experience, character, and integrity.
Proposed Revisions: The proposed changes for the Interagency Notice
of Change in Director or Senior Executive Officer form include
clarifications of existing information requested and exceptions to the
extent they may be relied upon by applicants; deletion of certain
formerly requested items that are no longer needed to evaluate the
notice; and other minor changes for improved grammar, comprehension,
and accurate citations and mailing addresses. The FDIC believes these
revisions will not change the estimated time per response. The proposed
revised ``Interagency Notice of Change in Director or Senior Executive
Officer'' form and a redlined version highlighting the proposed
revisions from the currently-approved form may be reviewed by the
public at https://www.FDIC.gov/regulations/laws/federal.
Request for Comment
Comments are invited on: (a) Whether the collection of information
is necessary for the proper performance of the FDIC's functions,
including whether the information has practical utility; (b) the
accuracy of the estimates of the burden of the 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; and (d) ways to minimize the burden of the collection of
information on respondents, including through the use of automated
collection techniques or other forms of information technology. All
comments will become a matter of public record.
Dated at Washington, DC, on May 8, 2018.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2018-10093 Filed 5-10-18; 8:45 am]
BILLING CODE 6714-01-P
