Proposed Agency Information Collection Activities; Comment Request, 56080-56081 [2018-24531]

Download as PDF khammond on DSK30JT082PROD with NOTICES 56080 Federal Register / Vol. 83, No. 218 / Friday, November 9, 2018 / Notices FEDERAL RESERVE SYSTEM FEDERAL RESERVE SYSTEM Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company Proposed Agency Information Collection Activities; Comment Request The notificants listed below have applied under the Change in Bank Control Act (12 U.S.C. 1817(j)) and § 225.41 of the Board’s Regulation Y (12 CFR 225.41) to acquire shares of a bank or bank holding company. The factors that are considered in acting on the notices are set forth in paragraph 7 of the Act (12 U.S.C. 1817(j)(7)). The notices are available for immediate inspection at the Federal Reserve Bank indicated. The notices also will be available for inspection at the offices of the Board of Governors. Interested persons may express their views in writing to the Reserve Bank indicated for that notice or to the offices of the Board of Governors. Comments must be received not later than November 28, 2018. A. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant Vice President) 230 South LaSalle Street, Chicago, Illinois 60690–1414: 1. Jill E. Markowski, individually and as trustee of the Jill E. Sapiente Trust and Jill E. Markowski Descendants Trust, both of Inverness, Illinois; the Jill E. Sapiente Trust, Inverness, Illinois; the Jill E. Markowski Descendants Trust, Inverness, Illinois; together with John S. Sapiente, as trustee of the John S. Sapiente Revocable Trust, Naples, Florida; the John S. Sapiente Revocable Trust, Naples, Florida; Jacqueline M. Buckstaff, as trustee of the Jacqueline M. Sapiente Trust and the Jacqueline M. Buckstaff Descendants Trust, both of Deer Park, Illinois; the Jacqueline M. Sapiente Trust, Deer Park, Illinois; the Jacqueline M. Buckstaff Descendants Trust, Deer Park, Illinois; John A. Sapiente, as trustee of the John A. Sapiente Trust and the Joan A. Sapiente Descendants Trust, Inverness, Illinois; and the John A. Sapiente Trust Inverness, Illinois; and the John A. Sapiente Descendants Trust Inverness, Illinois; to acquire voting shares of Elgin Bancshares, Inc., Elgin, Illinois, and thereby indirectly acquire shares of Union National Bank and Trust Company, Elgin, Illinois. Board of Governors of the Federal Reserve System, November 6, 2018. Yao-Chin Chao, Assistant Secretary of the Board. [FR Doc. 2018–24590 Filed 11–8–18; 8:45 am] BILLING CODE P VerDate Sep<11>2014 17:36 Nov 08, 2018 Jkt 247001 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, without revision, the Notice Requirements Associated with Regulation W (FR W; OMB No. 7100– 0304). SUMMARY: Comments must be submitted on or before January 8, 2019. ADDRESSES: You may submit comments, identified by FR W, 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. For security reasons, the Board requires that visitors make an appointment to inspect comments. You may do so by calling (202) 452–3684. Upon arrival, visitors will be required to present valid government-issued photo identification and to submit to security screening in order to inspect and photocopy comments. 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. DATES: PO 00000 Frm 00035 Fmt 4703 Sfmt 4703 A copy of the PRA OMB submission, including the proposed reporting form and instructions, supporting statement, and other documentation will be placed into OMB’s public docket files, once 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 Paperwork Reduction Act (PRA) to approve and assign OMB control numbers to collection of information requests and requirements conducted or sponsored by the Board. In exercising this delegated authority, the Board is directed to take every reasonable step to solicit comment. In determining whether to approve a collection of information, the Board will consider all comments received from the public and other agencies. FOR FURTHER INFORMATION CONTACT: 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 Board’s functions, including whether the information has practical utility; b. The accuracy of the Board’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, E:\FR\FM\09NON1.SGM 09NON1 Federal Register / Vol. 83, No. 218 / Friday, November 9, 2018 / Notices khammond on DSK30JT082PROD with NOTICES 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 Board should modify the proposal. Proposal To Approve Under OMB Delegated Authority the Extension for Three Years, Without Revision, of the Following Report Report title: Notice Requirements Associated with Regulation W. Agency form number: FR W.1 OMB control number: 7100–0304. Frequency: On occasion. Respondents: Depository institutions. Estimated number of respondents: 4. Estimated average hours per response: Section 223.15(b)(4), 2; Section 223.31(d)(4), 6; Section 223.41(d)(2), 6; Section 223.43(b), 10. Estimated annual burden hours: 24. General description of report: The information collection associated with the Board’s Regulation W (Transactions Between Member Banks and Their Affiliates; 12 CFR part 223) is triggered by specific events, and there are no associated reporting forms. Filings are required from insured depository institutions and uninsured member banks that seek to request certain exemptions from the requirements of sections 23A and 23B of the Federal Reserve Act. This information collection is separate from the quarterly Bank Holding Company Report of Insured Depository Institutions’ Section 23A Transactions with Affiliates (FR Y–8; OMB No. 7100–0126), which collects information on transactions between an insured depository institution and its affiliates that are subject to section 23A of the Federal Reserve Act. This collection of information comprises the reporting requirements of Regulation W that are found in sections 223.15(b)(4), 223.31(d)(4), 223.41(d)(2), and 223.43(b). This information is used to demonstrate compliance with sections 23A and 23B of the Federal Reserve Act (FRA), 12 U.S.C. 371c(f) and 371c–1(e), and to request an exemption from the Board. Legal authorization and confidentiality: Sections 23A and 23B of the FRA authorize the Board to issue these notice requirements (12 U.S.C. 371c(f) and 371c-1(e)). Respondents are required to file one or more of the Regulation W notices in order to obtain the benefits noted above. Information 1 The internal Agency Tracking Number previously assigned by the Board to this information collection was ‘‘Reg W.’’ The Board is changing the internal Agency Tracking Number for the purpose of consistency. VerDate Sep<11>2014 17:36 Nov 08, 2018 Jkt 247001 provided on the Loan Participation Renewal notice is confidential under exemption 4 of the Freedom of Information Act (FOIA), 5 U.S.C. 552(b)(4), because the information is typically considered confidential commercial or financial information and is reasonably likely to result in substantial competitive harm if disclosed. However, information provided on the Acquisition notice, the Internal Corporate Reorganization Transaction notice, and the Section 23A Additional Exemption request generally is not considered confidential under exemption 4. Respondents who desire that the information on one of these three submissions be kept confidential pursuant to exemption 4 of the FOIA may request confidential treatment under the Board’s rules at 12 CFR 261.15. In addition, any information that is obtained as a part of an examination or supervision of a financial institution is exempt from disclosure under exemption 8 of the FOIA, 5 U.S.C. 552(b)(8). Board of Governors of the Federal Reserve System, November 5, 2018. Michele Taylor Fennell, Assistant Secretary of the Board. [FR Doc. 2018–24531 Filed 11–8–18; 8:45 am] BILLING CODE 6210–01–P FEDERAL RESERVE SYSTEM [Docket No. OP–1631] Application of the RFI/C(D) Rating System to Savings and Loan Holding Companies Board of Governors of the Federal Reserve System (Board). ACTION: Notice. AGENCY: The Board has determined that it will apply the RFI/C(D) rating system to certain savings and loan holding companies (SLHCs). This is the same supervisory rating system that the Board currently applies to bank holding companies (BHCs). SLHCs that are engaged in significant commercial or insurance activities will continue to receive indicative supervisory ratings. SLHCs with $100 billion or more in assets will receive ratings under the RFI/C(D) rating system until the Board applies the Large Financial Institution Rating System to them. DATES: The application of the supervisory rating system to SLHCs is effective February 1, 2019. FOR FURTHER INFORMATION CONTACT: T. Kirk Odegard, Assistant Director and Chief of Staff, Policy Implementation and Effectiveness, (202) 530–6225, SUMMARY: PO 00000 Frm 00036 Fmt 4703 Sfmt 4703 56081 Karen Caplan, Assistant Director, (202) 452–2710, Angela Knight-Davis, Manager, (202) 475–6679, Division of Banking Supervision and Regulation; or Benjamin McDonough, Assistant General Counsel, (202) 452–2036, Keisha Patrick, Senior Counsel, (202) 452–3559, Laura Bain, Senior Attorney, (202) 736–5546, Trevor Feigleson, Senior Attorney, (202) 452–3274, Legal Division, Board of Governors of the Federal Reserve System, 20th and C Streets NW, Washington, DC 20551. SUPPLEMENTARY INFORMATION: Table of Contents I. Background II. Summary of Comments III. Applying the RFI Rating System to Certain SLHCS IV. Implementation V. Regulatory Analysis I. Background The Dodd-Frank Wall Street Reform and Consumer Protection Act (DoddFrank Act) transferred responsibility for the supervision of SLHCs from the Office of Thrift Supervision (OTS) to the Federal Reserve in July 2011.1 Since 2011, the Board has applied the RFI/ C(D) rating system (commonly referred to as the ‘‘RFI rating system’’) 2 to SLHCs on an ‘‘indicative’’ basis as a way of providing feedback to SLHCs regarding supervisory expectations while Federal Reserve staff and SLHCs each became familiar with the newly established statutory framework for supervision. Federal Reserve supervisory staff have assigned to each SLHC an ‘‘indicative rating,’’ which describes how the SLHC would be rated under the RFI rating system if applied to the company. These indicative ratings 1 12 U.S.C. 5412(b)(1). the RFI rating system, BHCs generally are assigned individual component ratings for risk management (R), financial condition (F), and impact (I) of nondepository entities on subsidiary depository institutions. The risk management component is supported by individual subcomponent ratings for board and senior management oversight; policies, procedures, and limits; risk monitoring and management and information systems; and internal controls. The financial condition rating is supported by individual subcomponent ratings for capital adequacy, asset quality, earnings, and liquidity. An additional component rating is assigned to generally reflect the condition of any depository institution subsidiaries (D), as determined by the primary supervisor(s) of those subsidiaries. An overall composite rating (C) is assigned based on an overall evaluation of a BHC’s managerial and financial condition and an assessment of potential future risk to its subsidiary depository institution(s). A simplified version of the RFI rating system that includes only the risk management component and a composite rating is applied to noncomplex BHCs with assets of $3 billion or less. See infra note 16. 2 Under E:\FR\FM\09NON1.SGM 09NON1

Agencies

[Federal Register Volume 83, Number 218 (Friday, November 9, 2018)]
[Notices]
[Pages 56080-56081]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-24531]


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FEDERAL RESERVE SYSTEM


Proposed Agency Information Collection Activities; Comment 
Request

AGENCY: Board of Governors of the Federal Reserve System.

ACTION: Notice, request for comment.

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

SUMMARY: The Board of Governors of the Federal Reserve System (Board) 
invites comment on a proposal to extend for three years, without 
revision, the Notice Requirements Associated with Regulation W (FR W; 
OMB No. 7100-0304).

DATES: Comments must be submitted on or before January 8, 2019.

ADDRESSES: You may submit comments, identified by FR W, 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. For security 
reasons, the Board requires that visitors make an appointment to 
inspect comments. You may do so by calling (202) 452-3684. Upon 
arrival, visitors will be required to present valid government-issued 
photo identification and to submit to security screening in order to 
inspect and photocopy comments.
    Additionally, commenters may send a copy of their comments to the 
OMB Desk Officer--Shagufta Ahmed--Office of Information and Regulatory 
Affairs, Office of Management and Budget, New Executive Office 
Building, Room 10235, 725 17th Street NW, Washington, DC 20503 or by 
fax to (202) 395-6974.

FOR FURTHER INFORMATION CONTACT: A copy of the PRA OMB submission, 
including the proposed reporting form and instructions, supporting 
statement, and other documentation will be placed into OMB's public 
docket files, once 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 Paperwork 
Reduction Act (PRA) to approve and assign OMB control numbers to 
collection of information requests and requirements conducted or 
sponsored by the Board. In exercising this delegated authority, the 
Board is directed to take every reasonable step to solicit comment. In 
determining whether to approve a collection of information, the Board 
will consider all comments received from the public and other agencies.

Request for Comment on Information Collection Proposal

    The Board invites public comment on the following information 
collection, which is being reviewed under authority delegated by the 
OMB under the PRA. Comments are invited on the following:
    a. Whether the proposed collection of information is necessary for 
the proper performance of the Board's functions, including whether the 
information has practical utility;
    b. The accuracy of the Board'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,

[[Page 56081]]

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 Board 
should modify the proposal.

Proposal To Approve Under OMB Delegated Authority the Extension for 
Three Years, Without Revision, of the Following Report

    Report title: Notice Requirements Associated with Regulation W.
    Agency form number: FR W.\1\
---------------------------------------------------------------------------

    \1\ The internal Agency Tracking Number previously assigned by 
the Board to this information collection was ``Reg W.'' The Board is 
changing the internal Agency Tracking Number for the purpose of 
consistency.
---------------------------------------------------------------------------

    OMB control number: 7100-0304.
    Frequency: On occasion.
    Respondents: Depository institutions.
    Estimated number of respondents: 4.
    Estimated average hours per response: Section 223.15(b)(4), 2; 
Section 223.31(d)(4), 6; Section 223.41(d)(2), 6; Section 223.43(b), 
10.
    Estimated annual burden hours: 24.
    General description of report: The information collection 
associated with the Board's Regulation W (Transactions Between Member 
Banks and Their Affiliates; 12 CFR part 223) is triggered by specific 
events, and there are no associated reporting forms. Filings are 
required from insured depository institutions and uninsured member 
banks that seek to request certain exemptions from the requirements of 
sections 23A and 23B of the Federal Reserve Act. This information 
collection is separate from the quarterly Bank Holding Company Report 
of Insured Depository Institutions' Section 23A Transactions with 
Affiliates (FR Y-8; OMB No. 7100-0126), which collects information on 
transactions between an insured depository institution and its 
affiliates that are subject to section 23A of the Federal Reserve Act. 
This collection of information comprises the reporting requirements of 
Regulation W that are found in sections 223.15(b)(4), 223.31(d)(4), 
223.41(d)(2), and 223.43(b). This information is used to demonstrate 
compliance with sections 23A and 23B of the Federal Reserve Act (FRA), 
12 U.S.C. 371c(f) and 371c-1(e), and to request an exemption from the 
Board.
    Legal authorization and confidentiality: Sections 23A and 23B of 
the FRA authorize the Board to issue these notice requirements (12 
U.S.C. 371c(f) and 371c-1(e)). Respondents are required to file one or 
more of the Regulation W notices in order to obtain the benefits noted 
above. Information provided on the Loan Participation Renewal notice is 
confidential under exemption 4 of the Freedom of Information Act 
(FOIA), 5 U.S.C. 552(b)(4), because the information is typically 
considered confidential commercial or financial information and is 
reasonably likely to result in substantial competitive harm if 
disclosed. However, information provided on the Acquisition notice, the 
Internal Corporate Reorganization Transaction notice, and the Section 
23A Additional Exemption request generally is not considered 
confidential under exemption 4. Respondents who desire that the 
information on one of these three submissions be kept confidential 
pursuant to exemption 4 of the FOIA may request confidential treatment 
under the Board's rules at 12 CFR 261.15. In addition, any information 
that is obtained as a part of an examination or supervision of a 
financial institution is exempt from disclosure under exemption 8 of 
the FOIA, 5 U.S.C. 552(b)(8).

    Board of Governors of the Federal Reserve System, November 5, 
2018.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2018-24531 Filed 11-8-18; 8:45 am]
 BILLING CODE 6210-01-P
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