Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority, 46163-46164 [2018-19675]

Download as PDF Federal Register / Vol. 83, No. 177 / Wednesday, September 12, 2018 / Notices an ‘‘HVCRE ADC Loan,’’ as defined in section 214 of EGRRCPA. Section 202 of EGRRCPA also amended the statutory definition of ‘‘brokered deposits.’’ The current instructions for reporting HVCRE and brokered deposits in the FR Y–9C are inconsistent with these provisions of EGRRCPA. In order to avoid the regulatory burden associated with different definitions for HVCRE exposures and brokered deposits within a single organization, the Board has amended the FR Y–9C instructions to permit bank holding companies, savings and loan holding companies, and intermediate holding companies of foreign banks to report HVCRE and brokered deposits on the FR Y–9C report in a manner consistent with their subsidiary depository institution(s). In order for the FR Y–9C to reflect sections 202 and 214 of EGRRCPA, which became effective immediately when EGRRCPA was signed on May 24, 2018, the Board cannot comply with the normal clearance process and still receive the June 30, 2018, financial data in a timely manner. Therefore, the Board has determined that the revisions to the FR Y–9C described above must be instituted quickly and public participation in the approval process would substantially interfere with the Board’s ability to perform its statutory obligations arising from EGRRCPA. Board of Governors of the Federal Reserve System, September 7, 2018. Yao-Chin Chao, Assistant Secretary of the Board. [FR Doc. 2018–19826 Filed 9–11–18; 8:45 am] BILLING CODE 6210–01–P FEDERAL RESERVE SYSTEM Board of Governors of the Federal Reserve System, September 6, 2018. Michele Taylor Fennell, Assistant Secretary of the Board. Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority [FR Doc. 2018–19676 Filed 9–11–18; 8:45 am] AGENCY: BILLING CODE 6210–01–P FEDERAL RESERVE SYSTEM Formations of, Acquisitions by, and Mergers of Bank Holding Companies daltland on DSKBBV9HB2PROD with NOTICES 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 indicated or the offices of the Board of Governors not later than October 8, 2018. A. Federal Reserve Bank of Dallas (Robert L. Triplett III, Senior Vice President) 2200 North Pearl Street, Dallas, Texas 75201–2272: 1. Veritex Holdings, Inc., Dallas, Texas; to acquire Green Bancorp, Inc., and thereby indirectly acquire Green Bank, National Association, both of Houston, Texas. 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 VerDate Sep<11>2014 18:41 Sep 11, 2018 Jkt 244001 Board of Governors of the Federal Reserve System. SUMMARY: Notice is hereby given of temporary approval of revisions to the mandatory Complex Institution Liquidity Monitoring Report (FR 2052a; OMB No. 7100–0361) by the Board of Governors of the Federal Reserve System (Board) pursuant to the authority delegated to the Board by the Office of Management and Budget (OMB), per OMB Regulations on Controlling Paperwork Burdens on the Public. The temporary approval is valid until March 31, 2019. DATES: The revisions are applicable as of June 30, 2018. FOR FURTHER INFORMATION CONTACT: Federal Reserve Board Clearance Officer—Nuha Elmaghrabi—Office of the Chief Data Officer, Board of Governors of the Federal Reserve System, Washington, DC 20551, (202) 452–3829. Telecommunications Device for the Deaf (TDD) users may contact (202) 263–4869, Board of Governors of the Federal Reserve System, Washington, DC 20551. PO 00000 Frm 00028 Fmt 4703 Sfmt 4703 46163 OMB Desk Officer—Shagufta Ahmed—Office of Information and Regulatory Affairs, Office of Management and Budget, New Executive Office Building, Room 10235, 725 17th Street NW, Washington, DC 20503 or by fax to (202) 395–6974. SUPPLEMENTARY INFORMATION: On June 15, 1984, OMB delegated to the Board authority under the Paperwork Reduction Act (PRA) to temporarily approve a revision to a collection of information without providing opportunity for public comment if the Board determines that a change in an existing collection must be instituted quickly and that public participation in the approval process would defeat the purpose of the collection or substantially interfere with the Board’s ability to perform its statutory obligation. The Board’s delegated authority requires that the Board, after temporarily approving a collection, publish a notice soliciting public comment. The Board will publish a notice in the future inviting comment on these actions. Final approval under OMB delegated authority of the temporary revision of the following report: Report title: Complex Institution Liquidity Monitoring Report. Agency form number: FR 2052a. OMB control number: 7100–0361. Effective Date: June 30, 2018. Frequency: Monthly, and each business day (daily). Respondents: U.S. bank holding companies (BHCs), U.S. savings and loan holding companies (SLHCs), and foreign banking organizations (FBOs) with U.S. assets. Estimated number of respondents: Monthly, 40; Daily, 12. Estimated average hours per response: Monthly, 120; Daily, 220. Estimated annual burden hours: 717,600. General description of report: The FR 2052a is used to monitor the overall liquidity profile of institutions supervised by the Board. These data provide detailed information on the liquidity risks within different business lines (e.g., financing of securities positions, prime brokerage activities). In particular, these data serve as part of the Board’s supervisory surveillance program in its liquidity risk management area and provide timely information on firm-specific liquidity risks during periods of stress. Analyses of systemic and idiosyncratic liquidity risk issues are then used to inform the Board’s supervisory processes, including the preparation of analytical E:\FR\FM\12SEN1.SGM 12SEN1 daltland on DSKBBV9HB2PROD with NOTICES 46164 Federal Register / Vol. 83, No. 177 / Wednesday, September 12, 2018 / Notices reports that detail funding vulnerabilities. Legal authorization and confidentiality: The Board’s Legal Division has determined that the FR 2052a is authorized pursuant to section 5 of the Bank Holding Company Act (12 U.S.C. 1844), section 8 of the International Banking Act (12 U.S.C. 3106), and section 165 of the DoddFrank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) (12 U.S.C. 5365) and are mandatory. Section 5(c) of the Bank Holding Company Act authorizes the Board to require BHCs to submit reports to the Board regarding their financial condition. Section 8(a) of the International Banking Act subjects FBOs to the provisions of the Bank Holding Company Act. Section 165 of the Dodd-Frank Act requires the Board to establish prudential standards for certain BHCs and FBOs, which include liquidity requirements. Financial institution information required by the FR 2052a is collected as part of the Board’s supervisory process. Therefore, such information is entitled to confidential treatment under Exemption 8 of the Freedom of Information Act (FOIA) (5 U.S.C. 552(b)(8)). In addition, the institution information provided by each respondent would not be otherwise available to the public and its disclosure could cause substantial competitive harm. Accordingly, it is entitled to confidential treatment under the authority of exemption 4 of the FOIA (5 U.S.C. 552(b)(4)), which protects from disclosure trade secrets and commercial or financial information. Current Actions: The Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA), enacted on May 24, 2018, amended various provisions of banking law to eliminate or reduce statutory and regulatory requirements on certain banking organizations. Section 403 of EGRRCPA provides that the federal banking agencies shall treat certain municipal obligations as ‘‘high quality liquid assets’’ (HQLA) for purposes of their liquidity regulations, and must amend those regulations to reflect this new treatment within 90 days of the enactment of EGRRCPA. The federal banking agencies, on August 22, 2018, issued an interim final rule 1 amending their liquidity regulations (the ‘‘Liquidity IFR’). The current FR 2052a instructions are inconsistent with the 1 Press Release, Board of Governors of the Federal Reserve System, Agencies issue final rule regarding the treatment of certain municipal securities as high-quality liquid assets (August 22, 2018), available at https://www.federalreserve.gov/ newsevents/pressreleases/bcreg20180822a.htm. VerDate Sep<11>2014 18:41 Sep 11, 2018 Jkt 244001 provisions of EGRRCPA. The Board has revised the FR 2052a to provide that respondents are permitted to report investment grade municipal obligations as HQLA, consistent with EGRRCPA and the Liquidity IFR. In order for the FR 2052a to reflect section 403 of EGRRCPA, which became effective immediately when EGRRCPA was signed on May 24, 2018, the Board cannot comply with the normal clearance process and still receive the June 30, 2018, financial data in a timely manner. Therefore, the Board has determined that the revision to the FR 2052a described above must be instituted quickly and public participation in the approval process would substantially interfere with the Board’s ability to perform its statutory obligations arising from EGRRCPA. Board of Governors of the Federal Reserve System, September 6, 2018. Michele Taylor Fennell, Assistant Secretary of the Board. [FR Doc. 2018–19675 Filed 9–11–18; 8:45 am] BILLING CODE 6210–01–P FEDERAL RETIREMENT THRIFT INVESTMENT BOARD Board Meeting; 77 K St. NE, Washington, DC; 10th Floor; September 17, 2018; 8:30 a.m. Open Session 1. Approval of the Minutes of the August 27, 2018 Board Meeting 2. Monthly Reports (a) Participant Activity (b) Investment Policy (c) Legislative Report 3. FY 19 Budget Review and Approval 4. Vendor Risk Management Update 5. Capital Market and L Fund Update 6. IT Update Closed Session DEPARTMENT OF HEALTH AND HUMAN SERVICES Food and Drug Administration [Docket No. FDA–2011–N–0908] Agency Information Collection Activities; Submission for Office of Management and Budget Review; Comment Request; Guidance for Clinical Trial Sponsors: Establishment and Operation of Clinical Trial Data Monitoring Committees AGENCY: Food and Drug Administration, HHS. ACTION: Notice. The Food and Drug Administration (FDA) 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 October 12, 2018. ADDRESSES: 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 0910–0581. Also include the FDA docket number found in brackets in the heading of this document. SUMMARY: FOR FURTHER INFORMATION CONTACT: JonnaLynn Capezzuto, Office of Operations, Food and Drug Administration, Three White Flint North, 10A–12M, 11601 Landsdown St., North Bethesda, MD 20852, 301–796– 3794, PRAStaff@fda.hhs.gov. SUPPLEMENTARY INFORMATION: In compliance with 44 U.S.C. 3507, FDA has submitted the following proposed collection of information to OMB for review and clearance. CONTACT PERSON FOR MORE INFORMATION: Guidance for Clinical Trial Sponsors: Establishment and Operation of Clinical Trial Data Monitoring Committees Kimberly Weaver, Director, Office of External Affairs, (202) 942–1640. OMB Control Number 0910–0581— Extension Dated: September 7, 2018. Dharmesh Vashee, Deputy General Counsel, Federal Retirement Thrift Investment Board. Sponsors are required to monitor studies evaluating new drugs, biologics, and devices (21 CFR 312.50 and 312.56 for drugs and biologics, and 21 CFR 812.40 and 812.46 for devices). Various individuals and groups play different roles in clinical trial monitoring. One Information covered under 5 U.S.C. 552b(c)(4) and (c)(9)(B). [FR Doc. 2018–19833 Filed 9–11–18; 8:45 am] BILLING CODE 6760–01–P PO 00000 Frm 00029 Fmt 4703 Sfmt 4703 E:\FR\FM\12SEN1.SGM 12SEN1

Agencies

[Federal Register Volume 83, Number 177 (Wednesday, September 12, 2018)]
[Notices]
[Pages 46163-46164]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-19675]


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

FEDERAL RESERVE SYSTEM


Agency Information Collection Activities: Announcement of Board 
Approval Under Delegated Authority

AGENCY: Board of Governors of the Federal Reserve System.

SUMMARY: Notice is hereby given of temporary approval of revisions to 
the mandatory Complex Institution Liquidity Monitoring Report (FR 
2052a; OMB No. 7100-0361) by the Board of Governors of the Federal 
Reserve System (Board) pursuant to the authority delegated to the Board 
by the Office of Management and Budget (OMB), per OMB Regulations on 
Controlling Paperwork Burdens on the Public. The temporary approval is 
valid until March 31, 2019.

DATES: The revisions are applicable as of June 30, 2018.

FOR FURTHER INFORMATION CONTACT: 
    Federal Reserve Board Clearance Officer--Nuha Elmaghrabi--Office of 
the Chief Data Officer, Board of Governors of the Federal Reserve 
System, Washington, DC 20551, (202) 452-3829. Telecommunications Device 
for the Deaf (TDD) users may contact (202) 263-4869, Board of Governors 
of the Federal Reserve System, Washington, DC 20551.
    OMB Desk Officer--Shagufta Ahmed--Office of Information and 
Regulatory Affairs, Office of Management and Budget, New Executive 
Office Building, Room 10235, 725 17th Street NW, Washington, DC 20503 
or by fax to (202) 395-6974.

SUPPLEMENTARY INFORMATION: On June 15, 1984, OMB delegated to the Board 
authority under the Paperwork Reduction Act (PRA) to temporarily 
approve a revision to a collection of information without providing 
opportunity for public comment if the Board determines that a change in 
an existing collection must be instituted quickly and that public 
participation in the approval process would defeat the purpose of the 
collection or substantially interfere with the Board's ability to 
perform its statutory obligation.
    The Board's delegated authority requires that the Board, after 
temporarily approving a collection, publish a notice soliciting public 
comment. The Board will publish a notice in the future inviting comment 
on these actions.
    Final approval under OMB delegated authority of the temporary 
revision of the following report:
    Report title: Complex Institution Liquidity Monitoring Report.
    Agency form number: FR 2052a.
    OMB control number: 7100-0361.
    Effective Date: June 30, 2018.
    Frequency: Monthly, and each business day (daily).
    Respondents: U.S. bank holding companies (BHCs), U.S. savings and 
loan holding companies (SLHCs), and foreign banking organizations 
(FBOs) with U.S. assets.
    Estimated number of respondents: Monthly, 40; Daily, 12.
    Estimated average hours per response: Monthly, 120; Daily, 220.
    Estimated annual burden hours: 717,600.
    General description of report: The FR 2052a is used to monitor the 
overall liquidity profile of institutions supervised by the Board. 
These data provide detailed information on the liquidity risks within 
different business lines (e.g., financing of securities positions, 
prime brokerage activities). In particular, these data serve as part of 
the Board's supervisory surveillance program in its liquidity risk 
management area and provide timely information on firm-specific 
liquidity risks during periods of stress. Analyses of systemic and 
idiosyncratic liquidity risk issues are then used to inform the Board's 
supervisory processes, including the preparation of analytical

[[Page 46164]]

reports that detail funding vulnerabilities.
    Legal authorization and confidentiality: The Board's Legal Division 
has determined that the FR 2052a is authorized pursuant to section 5 of 
the Bank Holding Company Act (12 U.S.C. 1844), section 8 of the 
International Banking Act (12 U.S.C. 3106), and section 165 of the 
Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank 
Act) (12 U.S.C. 5365) and are mandatory. Section 5(c) of the Bank 
Holding Company Act authorizes the Board to require BHCs to submit 
reports to the Board regarding their financial condition. Section 8(a) 
of the International Banking Act subjects FBOs to the provisions of the 
Bank Holding Company Act. Section 165 of the Dodd-Frank Act requires 
the Board to establish prudential standards for certain BHCs and FBOs, 
which include liquidity requirements.
    Financial institution information required by the FR 2052a is 
collected as part of the Board's supervisory process. Therefore, such 
information is entitled to confidential treatment under Exemption 8 of 
the Freedom of Information Act (FOIA) (5 U.S.C. 552(b)(8)). In 
addition, the institution information provided by each respondent would 
not be otherwise available to the public and its disclosure could cause 
substantial competitive harm. Accordingly, it is entitled to 
confidential treatment under the authority of exemption 4 of the FOIA 
(5 U.S.C. 552(b)(4)), which protects from disclosure trade secrets and 
commercial or financial information.
    Current Actions: The Economic Growth, Regulatory Relief, and 
Consumer Protection Act (EGRRCPA), enacted on May 24, 2018, amended 
various provisions of banking law to eliminate or reduce statutory and 
regulatory requirements on certain banking organizations. Section 403 
of EGRRCPA provides that the federal banking agencies shall treat 
certain municipal obligations as ``high quality liquid assets'' (HQLA) 
for purposes of their liquidity regulations, and must amend those 
regulations to reflect this new treatment within 90 days of the 
enactment of EGRRCPA. The federal banking agencies, on August 22, 2018, 
issued an interim final rule \1\ amending their liquidity regulations 
(the ``Liquidity IFR'). The current FR 2052a instructions are 
inconsistent with the provisions of EGRRCPA. The Board has revised the 
FR 2052a to provide that respondents are permitted to report investment 
grade municipal obligations as HQLA, consistent with EGRRCPA and the 
Liquidity IFR. In order for the FR 2052a to reflect section 403 of 
EGRRCPA, which became effective immediately when EGRRCPA was signed on 
May 24, 2018, the Board cannot comply with the normal clearance process 
and still receive the June 30, 2018, financial data in a timely manner. 
Therefore, the Board has determined that the revision to the FR 2052a 
described above must be instituted quickly and public participation in 
the approval process would substantially interfere with the Board's 
ability to perform its statutory obligations arising from EGRRCPA.
---------------------------------------------------------------------------

    \1\ Press Release, Board of Governors of the Federal Reserve 
System, Agencies issue final rule regarding the treatment of certain 
municipal securities as high-quality liquid assets (August 22, 
2018), available at https://www.federalreserve.gov/newsevents/pressreleases/bcreg20180822a.htm.

    Board of Governors of the Federal Reserve System, September 6, 
2018.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2018-19675 Filed 9-11-18; 8:45 am]
 BILLING CODE 6210-01-P