Agency Information Collection Activities: Information Collection Renewal; Comment Request; Securities Exchange Act Disclosure Rules and Securities of Federal Savings Associations, 12029-12031 [2019-06017]

Download as PDF Federal Register / Vol. 84, No. 61 / Friday, March 29, 2019 / Notices standards reform, and carrying out regulation consistency efforts. As directed in Public Law 115–254, the SOCAC will terminate on the last day of the 6-year period beginning on the date of the initial appointment of members of the advisory committee. Additional duties are described in the SOCAC Charter. Nominations must be received no later than 5 p.m. Eastern Time on April 19, 2019. DATES: Nominations must be submitted electronically (by Email) to Karen Lucke at Karen.Lucke@faa.gov. The subject line should state ‘‘SOCAC Nomination.’’ ADDRESSES: FOR FURTHER INFORMATION CONTACT: Karen Lucke, Federal Aviation Administration, 800 Independence Avenue SW, Washington, DC 20591, telephone (312) 520–3195; email Karen.Lucke@faa.gov. Background This Committee’s charter is established in accordance with the Federal Advisory Committee Act (Pub. L. 92–463) and Section 202, ‘‘Safety Oversight and Certification Advisory Committee,’’ of the FAA Reauthorization Act of 2018 (Pub. L. 115–254). The Committee provides information and recommendations to the Secretary of Transportation through the FAA Administrator and fosters industry collaboration in an open and transparent manner. The advisory committee shall consult with, and ensure participation by the private sector, including representatives of: (1) General aviation; (2) commercial aviation; (3) aviation labor; (4) aviation maintenance, repair, and overhaul; (5) aviation, aerospace, and avionics manufacturing; (6) unmanned aircraft systems operators and manufacturers; (7) commercial space transportation industry; and (8) members of the public; and other interested parties. jbell on DSK30RV082PROD with NOTICES Description of Duties The SOCAC’s duties shall include recommending consensus national goals, strategic objectives, and priorities for the most efficient, streamlined, and cost-effective certification and safety oversight processes in order to maintain the safety of the aviation system and, at the same time, allow the FAA to meet future needs and ensure that aviation stakeholders remain competitive in the global marketplace. Other duties shall include providing policy guidance recommendations for the FAA’s certification and safety oversight efforts; providing appropriate legislative, regulatory, and guidance recommendations for the air transportation system and the aviation safety regulatory environment; and recommending performance metrics and goals to track and review the FAA and the regulated aviation industry on their progress towards streamlining certification reform, conducting flight VerDate Sep<11>2014 17:48 Mar 28, 2019 Jkt 247001 Membership The SOCAC shall comprise members appointed by the Secretary of Transportation upon recommendation by the FAA Administrator. All SOCAC members serve at the pleasure of the Secretary of Transportation. The SOCAC will have no more than 20 members. The SOCAC shall comprise the Administrator (or the Administrator’s designee) and at least 11 individuals, each of whom represents at least one of the following interests: Transport aircraft and engine manufacturers; general aviation aircraft and engine manufacturers; avionics and equipment manufacturers; aviation labor organizations, including collective bargaining representatives of FAA aviation safety inspectors and aviation safety engineers; general aviation operators; air carriers; business aviation operators; unmanned aircraft systems manufacturers and operators; aviation safety management experts; aviation maintenance, repair, and overhaul; and airport owners and operators. Members are appointed for a 2-year term. Each voting member will be an executive officer of the organization who has decision-making authority within the member’s organization and can represent the interest of the organization, and enter into commitments on behalf of such organization. The SOCAC will have the ability to obtain necessary information from experts in the aviation and aerospace communities. The SOCAC shall have a membership size that enables the advisory committee to have substantive discussions and reach consensus on issues in a timely manner. Also, the SOCAC will have the appropriate expertise, including expertise in certification and riskedbased safety oversight processes, operations, policy, technology, labor relations, training, and finance. Members serve without compensation. The employing organization bears all costs related to its members’ participation. The Secretary shall appoint nonvoting members representing FAA safety oversight program offices. Nonvoting members may take part in deliberations of the advisory committee and provide input with respect to any PO 00000 Frm 00104 Fmt 4703 Sfmt 4703 12029 final reports or recommendations of the Advisory Committee. Nonvoting members may not represent any stakeholder interest other than that of an FAA safety oversight program office. Non-voting members are appointed for a 2-year term. Nomination Process The Secretary is seeking individual nominations for membership to the SOCAC. Any interested person may nominate one or more qualified individuals for membership on the SOCAC. Self-nominations are also accepted. Nominations must include, in full, the following materials to be considered for SOCAC membership. Failure to submit the required information may disqualify a candidate from the review process. a. A biography b. A re´sume´ or curriculum vitae c. A one-page statement describing how the candidate will benefit the SOCAC, taking into account current membership and the candidate’s unique perspective that will advance the conversation. This statement must also identify a primary and secondary interest to which the candidate’s expertise best aligns. Finally, candidates should state their previous experience on a Federal advisory committee and/or Aviation Rulemaking Committee (if any), their level of knowledge in their above stakeholder groups, and the size of their constituency they represent or are able to reach. Evaluations will be based on the materials submitted. Issued in Washington, DC, on March 25, 2019. Elaine L. Chao, Secretary. [FR Doc. 2019–06114 Filed 3–28–19; 8:45 am] BILLING CODE 4910–9X–P DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Agency Information Collection Activities: Information Collection Renewal; Comment Request; Securities Exchange Act Disclosure Rules and Securities of Federal Savings Associations Office of the Comptroller of the Currency (OCC), Treasury. ACTION: Notice and request for comment. AGENCY: The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites the SUMMARY: E:\FR\FM\29MRN1.SGM 29MRN1 jbell on DSK30RV082PROD with NOTICES 12030 Federal Register / Vol. 84, No. 61 / Friday, March 29, 2019 / Notices general public and other federal agencies to take this opportunity to comment on a continuing information collection as required by the Paperwork Reduction Act of 1995 (PRA). In accordance with the requirements of the PRA, the OCC may not conduct or sponsor, and respondents are not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The OCC is soliciting comment concerning the renewal of its information collection titled ‘‘Securities Exchange Act Disclosure Rules and Securities of Federal Savings Associations.’’ DATES: Comments must be received on or before May 28, 2019. ADDRESSES: Commenters are encouraged to submit comments by email, if possible. You may submit comments by any of the following methods: • Email: prainfo@occ.treas.gov. • Mail: Chief Counsel’s Office, Office of the Comptroller of the Currency, Attention: 1557–0106, 400 7th Street SW, Suite 3E–218, Washington, DC 20219. • Hand Delivery/Courier: 400 7th Street SW, Suite 3E–218, Washington, DC 20219. • Fax: (571) 465–4326. Instructions: You must include ‘‘OCC’’ as the agency name and ‘‘1557– 0106’’ in your comment. In general, the OCC will publish comments on www.reginfo.gov without change, including any business or personal information provided, such as name and address information, email addresses, or phone numbers. Comments received, including attachments and other supporting materials, are part of the public record and subject to public disclosure. Do not include any information in your comment or supporting materials that you consider confidential or inappropriate for public disclosure. You may review comments and other related materials that pertain to this information collection beginning on the date of publication of the second notice for this collection 1 by any of the following methods: • Viewing Comments Electronically: Go to www.reginfo.gov. Click on the ‘‘Information Collection Review’’ tab. Underneath the ‘‘Currently under Review’’ section heading, from the dropdown menu, select ‘‘Department of Treasury’’ and then click ‘‘submit.’’ This information collection can be located by 1 Following the close of the 60-day comment period for this notice, the OCC will publish a notice for 30 days of comment for this collection. VerDate Sep<11>2014 17:48 Mar 28, 2019 Jkt 247001 searching by OMB control number ‘‘1557–0106’’ or ‘‘Securities Exchange Act Disclosure Rules and Securities of Federal Savings Associations.’’ Upon finding the appropriate information collection, click on the related ‘‘ICR Reference Number.’’ On the next screen, select ‘‘View Supporting Statement and Other Documents’’ and then click on the link to any comment listed at the bottom of the screen. • For assistance in navigating www.reginfo.gov, please contact the Regulatory Information Service Center at (202) 482–7340. • Viewing Comments Personally: You may personally inspect comments at the OCC, 400 7th Street SW, Washington, DC. For security reasons, the OCC requires that visitors make an appointment to inspect comments. You may do so by calling (202) 649–6700 or, for persons who are deaf or hearing impaired, TTY, (202) 649–5597. Upon arrival, visitors will be required to present valid government-issued photo identification and submit to security screening in order to inspect comments. FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, Clearance Officer, (202) 649–5490 or, for persons who are deaf or hearing impaired, TTY, (202) 649–5597, Chief Counsel’s Office, Office of the Comptroller of the Currency, 400 7th Street SW, Suite 3E–218, Washington, DC 20219. SUPPLEMENTARY INFORMATION: Under the PRA (44 U.S.C. 3501–3520), federal agencies must obtain approval from the OMB for each collection of information that they conduct or sponsor. ‘‘Collection of information’’ is defined in 44 U.S.C. 3502(3) and 5 CFR 1320.3(c) to include agency requests or requirements that members of the public submit reports, keep records, or provide information to a third party. Section 3506(c)(2)(A) of title 44 requires federal agencies to provide a 60-day notice in the Federal Register concerning each proposed collection of information, including each proposed extension of an existing collection of information, before submitting the collection to OMB for approval. To comply with this requirement, the OCC is publishing notice of the renewal of the collection of information set forth in this document. Title: Securities Exchange Act Disclosure Rules and Securities of Federal Savings Associations. OMB Control No.: 1557–0106. Description: This submission covers an existing regulation and involves no change to the regulation or to the information collection requirements. PO 00000 Frm 00105 Fmt 4703 Sfmt 4703 The OCC requests only that OMB approve its revised burden estimates. The Securities and Exchange Commission (SEC) is required by statute to collect, in accordance with its regulations, certain information and documents from any firm that is required to register its stock with the SEC.2 Federal law requires the OCC to apply similar regulations to any national bank or federal savings association similarly required to be registered with the SEC (generally those with a class of equity securities held by 2,000 or more shareholders).3 12 CFR part 11 ensures that a national bank or federal savings association whose securities are subject to registration provides adequate information about its operations to current and potential shareholders, and the public. The OCC reviews the information to ensure that it complies with federal law and makes public all information required to be filed under the rule. Type of Review: Extension of a currently approved collection. Affected Public: Individuals; Businesses or other for-profit. Frequency of Response: On occasion. Estimated Number of Respondents: 41. Estimated Total Annual Burden: 408,948 hours. Comments submitted in response to this notice will be summarized and included in the submission to OMB. Comments are requested on: (a) Whether the information collections are necessary for the proper performance of the OCC’s functions, including whether the information has practical utility; (b) The accuracy of the OCC’s estimates of the burden of the information collections, 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 collections on respondents, including through the use of automated collection techniques or other forms of information technology; and (e) Estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information. 2 15 3 15 U.S.C. 78m(a)(1). U.S.C. 78l(i). E:\FR\FM\29MRN1.SGM 29MRN1 Federal Register / Vol. 84, No. 61 / Friday, March 29, 2019 / Notices jbell on DSK30RV082PROD with NOTICES Dated: March 22, 2019. Theodore J. Dowd, Deputy Chief Counsel, Office of the Comptroller of the Currency. supporting materials, are part of the public record and subject to public disclosure. Do not include any information in your comment or supporting materials that you consider [FR Doc. 2019–06017 Filed 3–28–19; 8:45 am] confidential or inappropriate for public BILLING CODE 4810–33–P disclosure. You may review comments and other related materials that pertain to this DEPARTMENT OF THE TREASURY information collection beginning on the date of publication of the second notice Office of the Comptroller of the for this collection1 by any of the Currency following methods: Agency Information Collection • Viewing Comments Electronically: Activities: Information Collection Go to www.reginfo.gov. Click on the Renewal; Comment Request; Margin ‘‘Information Collection Review’’ tab. and Capital Requirements for Covered Underneath the ‘‘Currently under Swap Entities Review’’ section heading, from the dropdown menu, select ‘‘Department of AGENCY: Office of the Comptroller of the Treasury’’ and then click ‘‘submit.’’ This Currency (OCC), Treasury. information collection can be located by ACTION: ACTION: Notice and request for comment. searching by OMB control number ‘‘1557–0251’’ or ‘‘Margin and Capital SUMMARY: The OCC, as part of its Requirements for Covered Swap continuing effort to reduce paperwork Entities.’’ Upon finding the appropriate and respondent burden, invites the information collection, click on the general public and other federal related ‘‘ICR Reference Number.’’ On the agencies to take this opportunity to next screen, select ‘‘View Supporting comment on the renewal of an Statement and Other Documents’’ and information collection as required by then click on the link to any comment the Paperwork Reduction Act of 1995 listed at the bottom of the screen. (PRA). • For assistance in navigating An agency may not conduct or www.reginfo.gov, please contact the sponsor, and respondents are not Regulatory Information Service Center required to respond to, an information at (202) 482–7340. collection unless it displays a currently • Viewing Comments Personally: You valid Office of Management and Budget may personally inspect comments at the (OMB) control number. OCC, 400 7th Street, SW, Washington, The OCC is soliciting comment DC. For security reasons, the OCC concerning the renewal of its requires that visitors make an information collection titled, ‘‘Margin appointment to inspect comments. You and Capital Requirements for Covered may do so by calling (202) 649–6700 or, Swap Entities. for persons who are deaf or hearing DATES: Comments must be submitted on impaired, TTY, (202) 649–5597. Upon or before May 28, 2019. arrival, visitors will be required to ADDRESSES: Commenters are encouraged present valid government-issued photo to submit comments by email, if identification and submit to security possible. You may submit comments by screening in order to inspect comments. any of the following methods: FOR FURTHER INFORMATION CONTACT: • Email: prainfo@occ.treas.gov. Shaquita Merritt, Clearance Officer, • Mail: Chief Counsel’s Office, Office (202) 649–5490 or, for persons who are of the Comptroller of the Currency, deaf or hearing impaired, TTY, (202) Attention: 1557–0251, 400 7th Street 649–5597, Chief Counsel’s Office, Office SW, suite 3E–218, Washington, DC of the Comptroller of the Currency, 400 20219. 7th Street SW, Suite 3E–218, • Hand Delivery/Courier: 400 7th Washington, DC 20219. Street SW, suite 3E–218, Washington, SUPPLEMENTARY INFORMATION: Under the DC 20219. PRA (44 U.S.C. 3501–3520), federal • Fax: (571) 465–4326. agencies must obtain approval from Instructions: You must include OMB for each collection of information ‘‘OCC’’ as the agency name and ‘‘1557– that they conduct or sponsor. 0251’’ in your comment. In general, the ‘‘Collection of information’’ is defined OCC will publish comments on in 44 U.S.C. 3502(3) and 5 CFR www.reginfo.gov without change, 1320.3(c) to include agency requests or including any business or personal requirements that members of the public information provided, such as name and address information, email addresses, or 1 Following the close of the 60-day comment phone numbers. Comments received, period for this notice, the OCC will publish a notice for 30 days of comment for this collection. including attachments and other VerDate Sep<11>2014 17:48 Mar 28, 2019 Jkt 247001 PO 00000 Frm 00106 Fmt 4703 Sfmt 4703 12031 submit reports, keep records, or provide information to a third party. Section 3506(c)(2)(A) of title 44 requires federal agencies to provide a 60-day notice in the Federal Register concerning each proposed collection of information, including each proposed extension of an existing collection of information, before submitting the collection to OMB for approval. The OCC requested and received emergency PRA approval for the interim final rule. The emergency approval will expire in six months and this notice is the first step in renewing it. Title: Margin and Capital Requirements for Covered Swap Entities. OMB Control No.: 1557–0251. Description: On March 19, 2019,2 the OCC, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Farm Credit Administration, and the Federal Housing Finance Agency (agencies) issued an interim final rule amending the agencies’ regulations that require swap dealers and security based swap dealers (Swap Margin Rule) under the agencies’ respective jurisdictions to exchange margin with their counterparties for swaps that are not centrally cleared. Swaps entered into before the effective dates of the Swap Margin Rule are grandfathered by the Swap Margin Rule until they expire according to their terms. There are currently financial services firms in the United Kingdom (U.K.) that conduct swap dealing activities subject to the Swap Margin Rule. If the U.K. withdraws from the European Union (E.U.) without a negotiated agreement between the U.K. and E.U., entities located in the U.K. may not be authorized to provide full-scope financial services to swap counterparties located in the E.U. The agencies are addressing a scenario whereby entities located in the U.K. might transfer their existing swap portfolios that face counterparties located in the E.U. over to an affiliate or other related establishment located within the E.U. or the United States (U.S.). These transfers, if carried out in accordance with the conditions of the interim final rule, will not trigger the application of the Swap Margin Rule to grandfathered swaps that were entered into before the Swap Margin Rule’s compliance dates. The interim final rule distinguishes transfers initiated by the financial entity standing as the covered swap entity at the completion of the transaction from a transfers initiated by the covered swap 2 84 FR 9940. E:\FR\FM\29MRN1.SGM 29MRN1

Agencies

[Federal Register Volume 84, Number 61 (Friday, March 29, 2019)]
[Notices]
[Pages 12029-12031]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-06017]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities: Information Collection 
Renewal; Comment Request; Securities Exchange Act Disclosure Rules and 
Securities of Federal Savings Associations

AGENCY: Office of the Comptroller of the Currency (OCC), Treasury.

ACTION: Notice and request for comment.

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

SUMMARY: The OCC, as part of its continuing effort to reduce paperwork 
and respondent burden, invites the

[[Page 12030]]

general public and other federal agencies to take this opportunity to 
comment on a continuing information collection as required by the 
Paperwork Reduction Act of 1995 (PRA).
    In accordance with the requirements of the PRA, the OCC may not 
conduct or sponsor, and respondents are not required to respond to, an 
information collection unless it displays a currently valid Office of 
Management and Budget (OMB) control number.
    The OCC is soliciting comment concerning the renewal of its 
information collection titled ``Securities Exchange Act Disclosure 
Rules and Securities of Federal Savings Associations.''

DATES: Comments must be received on or before May 28, 2019.

ADDRESSES: Commenters are encouraged to submit comments by email, if 
possible. You may submit comments by any of the following methods:
     Email: [email protected].
     Mail: Chief Counsel's Office, Office of the Comptroller of 
the Currency, Attention: 1557-0106, 400 7th Street SW, Suite 3E-218, 
Washington, DC 20219.
     Hand Delivery/Courier: 400 7th Street SW, Suite 3E-218, 
Washington, DC 20219.
     Fax: (571) 465-4326.
    Instructions: You must include ``OCC'' as the agency name and 
``1557-0106'' in your comment. In general, the OCC will publish 
comments on www.reginfo.gov without change, including any business or 
personal information provided, such as name and address information, 
email addresses, or phone numbers. Comments received, including 
attachments and other supporting materials, are part of the public 
record and subject to public disclosure. Do not include any information 
in your comment or supporting materials that you consider confidential 
or inappropriate for public disclosure.
    You may review comments and other related materials that pertain to 
this information collection beginning on the date of publication of the 
second notice for this collection \1\ by any of the following methods:
---------------------------------------------------------------------------

    \1\ Following the close of the 60-day comment period for this 
notice, the OCC will publish a notice for 30 days of comment for 
this collection.
---------------------------------------------------------------------------

     Viewing Comments Electronically: Go to www.reginfo.gov. 
Click on the ``Information Collection Review'' tab. Underneath the 
``Currently under Review'' section heading, from the drop-down menu, 
select ``Department of Treasury'' and then click ``submit.'' This 
information collection can be located by searching by OMB control 
number ``1557-0106'' or ``Securities Exchange Act Disclosure Rules and 
Securities of Federal Savings Associations.'' Upon finding the 
appropriate information collection, click on the related ``ICR 
Reference Number.'' On the next screen, select ``View Supporting 
Statement and Other Documents'' and then click on the link to any 
comment listed at the bottom of the screen.
     For assistance in navigating www.reginfo.gov, please 
contact the Regulatory Information Service Center at (202) 482-7340.
     Viewing Comments Personally: You may personally inspect 
comments at the OCC, 400 7th Street SW, Washington, DC. For security 
reasons, the OCC requires that visitors make an appointment to inspect 
comments. You may do so by calling (202) 649-6700 or, for persons who 
are deaf or hearing impaired, TTY, (202) 649-5597. Upon arrival, 
visitors will be required to present valid government-issued photo 
identification and submit to security screening in order to inspect 
comments.

FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, Clearance Officer, 
(202) 649-5490 or, for persons who are deaf or hearing impaired, TTY, 
(202) 649-5597, Chief Counsel's Office, Office of the Comptroller of 
the Currency, 400 7th Street SW, Suite 3E-218, Washington, DC 20219.

SUPPLEMENTARY INFORMATION: Under the PRA (44 U.S.C. 3501-3520), federal 
agencies must obtain approval from the OMB for each collection of 
information that they conduct or sponsor. ``Collection of information'' 
is defined in 44 U.S.C. 3502(3) and 5 CFR 1320.3(c) to include agency 
requests or requirements that members of the public submit reports, 
keep records, or provide information to a third party. Section 
3506(c)(2)(A) of title 44 requires federal agencies to provide a 60-day 
notice in the Federal Register concerning each proposed collection of 
information, including each proposed extension of an existing 
collection of information, before submitting the collection to OMB for 
approval. To comply with this requirement, the OCC is publishing notice 
of the renewal of the collection of information set forth in this 
document.
    Title: Securities Exchange Act Disclosure Rules and Securities of 
Federal Savings Associations.
    OMB Control No.: 1557-0106.
    Description: This submission covers an existing regulation and 
involves no change to the regulation or to the information collection 
requirements. The OCC requests only that OMB approve its revised burden 
estimates.
    The Securities and Exchange Commission (SEC) is required by statute 
to collect, in accordance with its regulations, certain information and 
documents from any firm that is required to register its stock with the 
SEC.\2\ Federal law requires the OCC to apply similar regulations to 
any national bank or federal savings association similarly required to 
be registered with the SEC (generally those with a class of equity 
securities held by 2,000 or more shareholders).\3\
---------------------------------------------------------------------------

    \2\ 15 U.S.C. 78m(a)(1).
    \3\ 15 U.S.C. 78l(i).
---------------------------------------------------------------------------

    12 CFR part 11 ensures that a national bank or federal savings 
association whose securities are subject to registration provides 
adequate information about its operations to current and potential 
shareholders, and the public. The OCC reviews the information to ensure 
that it complies with federal law and makes public all information 
required to be filed under the rule.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals; Businesses or other for-profit.
    Frequency of Response: On occasion.
    Estimated Number of Respondents: 41.
    Estimated Total Annual Burden: 408,948 hours.
    Comments submitted in response to this notice will be summarized 
and included in the submission to OMB. Comments are requested on:
    (a) Whether the information collections are necessary for the 
proper performance of the OCC's functions, including whether the 
information has practical utility;
    (b) The accuracy of the OCC's estimates of the burden of the 
information collections, 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 collections on 
respondents, including through the use of automated collection 
techniques or other forms of information technology; and
    (e) Estimates of capital or start-up costs and costs of operation, 
maintenance, and purchase of services to provide information.


[[Page 12031]]


    Dated: March 22, 2019.
Theodore J. Dowd,
Deputy Chief Counsel, Office of the Comptroller of the Currency.
[FR Doc. 2019-06017 Filed 3-28-19; 8:45 am]
BILLING CODE 4810-33-P