Interagency Coordination of Formal Corrective Action by the Federal Bank Regulatory Agencies; Rescission of Policy Statement, 27329-27330 [2018-12557]

Download as PDF sradovich on DSK3GMQ082PROD with NOTICES Federal Register / Vol. 83, No. 113 / Tuesday, June 12, 2018 / Notices OMB Control Number: 3060–0819. Title: Lifeline and Link Up Reform and Modernization, Telecommunications Carriers Eligible for Universal Service Support, Connect America Fund. Form Numbers: FCC Form 555, FCC Form 481, FCC Form 497, FCC Form 5629, FCC Form 5630, FCC Form 5631. Type of Review: Revision of a currently approved collection. Respondents: Individuals or households and business or other forprofit. Number of Respondents and Responses: 17,547,843 respondents; 20,317,788 responses. Estimated Time per Response: .0167 hours–253 hours. Frequency of Response: Annual, biennial, monthly, daily and on occasion reporting requirements, recordkeeping requirement and third party disclosure requirement. Obligation to Respond: Required to obtain or retain benefits. Statutory authority is contained in Sections 1, 4(i), 5, 201, 205, 214, 219, 220, 254, 303(r), and 403 of the Communications Act of 1934, as amended, and section 706 of the Communications Act of 1996, as amended; 47 U.S.C. 151, 154(i), 155, 201, 205, 214, 219, 220, 254, 303(r), 403, and 1302. Total Annual Burden: 10,972,641 hours. Total Annual Cost: $937,500. Privacy Act Impact Assessment: Yes. The Commission completed a Privacy Impact Assessment (PIA) for some of the information collection requirements contained in this collection. The PIA was published in the Federal Register at 82 FR 38686 on August 15, 2017. The PIA may be reviewed at: https:// www.fcc.gov/omd/privacyact/Privacy_ Impact_Assessment.html. Nature and Extent of Confidentiality: Some of the requirements contained in this information collection affect individuals or households, and thus, there are impacts under the Privacy Act. The FCC’s system of records notice (SORN) associated with this collection is FCC/WCB–1, ‘‘Lifeline Program.’’ The Commission will use the information contained in FCC/WCB–1 to cover the personally identifiable information (PII) that is required as part of the Lifeline Program (‘‘Lifeline’’). As required by the Privacy Act of 1974, as amended, 5 U.S.C. 552a, the Commission published FCC/WCB–1 ‘‘Lifeline Program’’ in the Federal Register on August 15, 2017 (82 FR 38686). Also, respondents may request materials or information submitted to the Commission or to the Universal VerDate Sep<11>2014 16:21 Jun 11, 2018 Jkt 244001 Service Administrative Company (USAC or Administrator) be withheld from public inspection under 47 CFR 0.459 of the FCC’s rules. We note that USAC must preserve the confidentiality of all data obtained from respondents; must not use the data except for purposes of administering the universal service programs; and must not disclose data in company-specific form unless directed to do so by the Commission. Needs and Uses: The Commission will submit this information collection after this 60-day comment period to obtain approval from the Office of Management and Budget (OMB) of revisions to this information collection. On November 16, 2017, the Commission adopted the Bridging the Digital Divide for Low-Income Consumers, WC Docket Nos, 17–287, 11–42, 09–197, Fourth Report and Order, Order on Reconsideration, Memorandum Opinion and Order, Notice of Proposed Rulemaking, and Notice of Inquiry, FCC 17–155 (2017) (Lifeline Fourth Report and Order), which limited enhanced Tribal Lifeline support to facilities-based carriers on Tribal lands to more efficiently utilize Universal Service funds. This revision implements the requirement that ETCs provide written notice to their customers who are currently receiving enhanced support who will no longer be eligible for enhanced Tribal support. In addition, the Commission seeks to update the number of respondents for most of the existing information collection requirements, thus increasing the total burden hours for some requirements and decreasing the total burden hours for other requirements. Federal Communications Commission. Marlene Dortch, Secretary, Office of the Secretary. [FR Doc. 2018–12626 Filed 6–11–18; 8:45 am] BILLING CODE 6712–01–P FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL Interagency Coordination of Formal Corrective Action by the Federal Bank Regulatory Agencies; Rescission of Policy Statement Federal Financial Institutions Examination Council (FFIEC). ACTION: Rescission of policy statement. AGENCY: The FFIEC is rescinding its policy statement titled ‘‘Interagency Coordination of Formal Corrective Action by the Federal Bank Regulatory Agencies’’ that was issued on February 20, 1997 (the ‘‘1997 Policy Statement’’). SUMMARY: PO 00000 Frm 00023 Fmt 4703 Sfmt 4703 27329 This action is being coordinated with the publication of a new policy statement in the Federal Register by the Board of Governors of the Federal Reserve System (FRB), the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC), which reflects the current practices of the federal banking agencies with respect to the coordination of formal enforcement actions against federally regulated financial institutions and institutionaffiliated parties. DATES: The policy is rescinded as of June 12, 2018. FOR FURTHER INFORMATION CONTACT: Board of Governors of the Federal Reserve Board (FRB): Jason Gonzalez, Special Counsel, Legal Division, (202) 452–3275; Jodi Remer, Senior Counsel (202) 452–6403, Legal Division, Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue NW, Washington, DC 20551. For the hearing impaired or users of Telecommunication Device for Deaf (TDD) only, call (202) 263–4869. Federal Deposit Insurance Corporation (FDIC): Sam Ozeck, Supervisory Counsel, Legal Division, SOzeck@FDIC.gov, (202) 898–6736; George Parkerson, Acting Chief, Division of Risk Management Supervision, GParkerson@FDIC.gov, (202) 898–3648. Office of the Comptroller of the Currency (OCC): Jessica Burrell, Counsel, Enforcement and Compliance, (202–649–6200); William Jauquet, Assistant Director, Enforcement and Compliance, (202–649–6200). For persons who are deaf or hearing impaired, TTY (202) 649–5597. SUPPLEMENTARY INFORMATION: The 1997 Policy Statement principally addressed the requirement for each federal banking agency that proposed to take a formal enforcement action against a federally regulated financial institution, or institution-affiliated party, to provide written notice of such action to the other federal and state banking agencies.1 Such notice was to be provided prior to or at the initiation of any such formal enforcement action. In the event that a complementary action (such as an action involving a bank and its parent holding company) was considered appropriate by two or more federal banking agencies, the 1997 Policy Statement also encouraged coordination between the involved agencies regarding preparation, processing, presentation, service, and follow-up of the related enforcement 1 62 E:\FR\FM\12JNN1.SGM FR 7782, 7783 (Feb. 20, 1997). 12JNN1 27330 Federal Register / Vol. 83, No. 113 / Tuesday, June 12, 2018 / Notices actions. It should be noted that the 1997 policy statement was created at a time when electronic communication was much less common than it is today and no longer reflects the current practices of the federal banking agencies in coordinating formal enforcement actions. Importantly, the formal enforcement actions taken by the federal banking agencies are now published on the individual agencies’ public websites, making it no longer necessary for the agencies to provide written notice of all such actions to each other. Moreover, the FRB, FDIC, and OCC have adopted a new policy that encourages notification to other interested federal banking agencies at the earliest practicable date and promotes coordination among the FBAs related to formal enforcement actions as appropriate. For the above reasons, the 1997 Policy Statement is being rescinded. Dated at Washington, DC, this 22nd day of May 2018. Federal Financial Institutions Examination Council. Judith E. Dupre, Executive Secretary. [FR Doc. 2018–12557 Filed 6–11–18; 8:45 am] BILLING CODE 7535–01– 6714–01– 6210–01–4810–33– 4810–AM–P FEDERAL RESERVE SYSTEM sradovich on DSK3GMQ082PROD with NOTICES 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 VerDate Sep<11>2014 16:21 Jun 11, 2018 Jkt 244001 (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 indicated or the offices of the Board of Governors not later than July 5, 2018. A. Federal Reserve Bank of Kansas City (Dennis Denney, Assistant Vice President) 1 Memorial Drive, Kansas City, Missouri 64198–0001: 1. Midwest Banc Holding Co., Pierce, Nebraska; to acquire up to 100 percent of the voting shares of Redstone Bank, Centennial, Colorado. A. Federal Reserve Bank of Richmond (Adam M. Drimer, Assistant Vice President) 701 East Byrd Street, Richmond, Virginia 23219. Comments can also be sent electronically to or Comments.applications@rich.frb.org: 1. CBM Bancorp Inc., Parkville, Maryland; to become a savings and loan holding company by merging with Banks of Chesapeake, M.H.C. Parkville, Maryland, and thereby indirectly acquire Chesapeake Bank of Maryland, Parkville, Maryland. In connection with the proposal, Banks of Chesapeake M.H.C will convert from mutual to stock form. Board of Governors of the Federal Reserve System, June 6, 2018. Ann Misback, Secretary of the Board. Board of Governors of the Federal Reserve System, June 6, 2018. Ann Misback, Secretary of the Board. [FR Doc. 2018–12596 Filed 6–11–18; 8:45 am] [FR Doc. 2018–12537 Filed 6–11–18; 8:45 am] BILLING CODE 6210–01–P BILLING CODE 6210–01–P FEDERAL RESERVE SYSTEM Formations of, Acquisitions by, and Mergers of Savings and Loan Holding Companies The companies listed in this notice have applied to the Board for approval, pursuant to the Home Owners’ Loan Act (12 U.S.C. 1461 et seq.) (HOLA), Regulation LL (12 CFR part 238), and Regulation MM (12 CFR part 239), and all other applicable statutes and regulations to become a savings and loan holding company and/or to acquire the assets or the ownership of, control of, or the power to vote shares of a savings association and nonbanking companies owned by the savings and loan 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 application also will 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 HOLA (12 U.S.C. 1467a(e)). 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 10(c)(4)(B) of the HOLA (12 U.S.C. 1467a(c)(4)(B)). 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 indicated or the offices of the Board of Governors not later than July 6, 2018. PO 00000 Frm 00024 Fmt 4703 Sfmt 4703 DEPARTMENT OF HEALTH AND HUMAN SERVICES Food and Drug Administration [Docket No. FDA–2016–D–1164] Agency Information Collection Activities; Submission for Office of Management and Budget Review; Comment Request; Qualified Facility Attestation AGENCY: Food and Drug Administration, HHS. ACTION: Notice. The Food and Drug Administration (FDA or we) is announcing that a proposed collection of information has been submitted to the Office of Management and Budget (OMB) for review and clearance under the Paperwork Reduction Act of 1995. DATES: Fax written comments on the collection of information by June 12, 2018. SUMMARY: To ensure that comments on the information collection are received, OMB recommends that written comments be faxed to the Office of Information and Regulatory Affairs, OMB, Attn: FDA Desk Officer, Fax: 202– 395–7285, or emailed to oira_ submission@omb.eop.gov. All comments should be identified with the OMB control number 0910—NEW and title ‘‘Qualified Facility Attestation.’’ Also include the FDA docket number found in brackets in the heading of this document. FOR FURTHER INFORMATION CONTACT: Domini Bean, Office of Operations, Food and Drug Administration, Three ADDRESSES: E:\FR\FM\12JNN1.SGM 12JNN1

Agencies

[Federal Register Volume 83, Number 113 (Tuesday, June 12, 2018)]
[Notices]
[Pages 27329-27330]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-12557]


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FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL


Interagency Coordination of Formal Corrective Action by the 
Federal Bank Regulatory Agencies; Rescission of Policy Statement

AGENCY: Federal Financial Institutions Examination Council (FFIEC).

ACTION: Rescission of policy statement.

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SUMMARY: The FFIEC is rescinding its policy statement titled 
``Interagency Coordination of Formal Corrective Action by the Federal 
Bank Regulatory Agencies'' that was issued on February 20, 1997 (the 
``1997 Policy Statement''). This action is being coordinated with the 
publication of a new policy statement in the Federal Register by the 
Board of Governors of the Federal Reserve System (FRB), the Federal 
Deposit Insurance Corporation (FDIC), and the Office of the Comptroller 
of the Currency (OCC), which reflects the current practices of the 
federal banking agencies with respect to the coordination of formal 
enforcement actions against federally regulated financial institutions 
and institution-affiliated parties.

DATES: The policy is rescinded as of June 12, 2018.

FOR FURTHER INFORMATION CONTACT: 
    Board of Governors of the Federal Reserve Board (FRB): Jason 
Gonzalez, Special Counsel, Legal Division, (202) 452-3275; Jodi Remer, 
Senior Counsel (202) 452-6403, Legal Division, Board of Governors of 
the Federal Reserve System, 20th Street and Constitution Avenue NW, 
Washington, DC 20551. For the hearing impaired or users of 
Telecommunication Device for Deaf (TDD) only, call (202) 263-4869.
    Federal Deposit Insurance Corporation (FDIC): Sam Ozeck, 
Supervisory Counsel, Legal Division, [email protected], (202) 898-6736; 
George Parkerson, Acting Chief, Division of Risk Management 
Supervision, [email protected], (202) 898-3648.
    Office of the Comptroller of the Currency (OCC): Jessica Burrell, 
Counsel, Enforcement and Compliance, (202-649-6200); William Jauquet, 
Assistant Director, Enforcement and Compliance, (202-649-6200). For 
persons who are deaf or hearing impaired, TTY (202) 649-5597.

SUPPLEMENTARY INFORMATION: The 1997 Policy Statement principally 
addressed the requirement for each federal banking agency that proposed 
to take a formal enforcement action against a federally regulated 
financial institution, or institution-affiliated party, to provide 
written notice of such action to the other federal and state banking 
agencies.\1\ Such notice was to be provided prior to or at the 
initiation of any such formal enforcement action. In the event that a 
complementary action (such as an action involving a bank and its parent 
holding company) was considered appropriate by two or more federal 
banking agencies, the 1997 Policy Statement also encouraged 
coordination between the involved agencies regarding preparation, 
processing, presentation, service, and follow-up of the related 
enforcement

[[Page 27330]]

actions. It should be noted that the 1997 policy statement was created 
at a time when electronic communication was much less common than it is 
today and no longer reflects the current practices of the federal 
banking agencies in coordinating formal enforcement actions. 
Importantly, the formal enforcement actions taken by the federal 
banking agencies are now published on the individual agencies' public 
websites, making it no longer necessary for the agencies to provide 
written notice of all such actions to each other. Moreover, the FRB, 
FDIC, and OCC have adopted a new policy that encourages notification to 
other interested federal banking agencies at the earliest practicable 
date and promotes coordination among the FBAs related to formal 
enforcement actions as appropriate. For the above reasons, the 1997 
Policy Statement is being rescinded.
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    \1\ 62 FR 7782, 7783 (Feb. 20, 1997).

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    Dated at Washington, DC, this 22nd day of May 2018.

Federal Financial Institutions Examination Council.
Judith E. Dupre,
Executive Secretary.
[FR Doc. 2018-12557 Filed 6-11-18; 8:45 am]
 BILLING CODE 7535-01- 6714-01- 6210-01-4810-33- 4810-AM-P
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