Proposed Agency Information Collection Activities; Comment Request, 13044-13046 [2019-06434]
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13044
Federal Register / Vol. 84, No. 64 / Wednesday, April 3, 2019 / Notices
information concerning their
agreements for interconnection of an
international private line to the U.S.
public switched network. The
Commission declined in the ISP Reform
Order to adopt proposed rules requiring
U.S.-international carriers to file, or
provide notice of, agreements with
foreign carriers to exchange traffic at
rates that exceeded the Commission’s
‘‘benchmark’’ settlement rates. The
Commission stated that it would require
U.S. carriers to provide information
about any above-benchmark settlement
rates on an as-needed basis in
connection with an investigation of
competition problems or a review of
high consumer rates on particular
routes, according confidential treatment
to the information.
Federal Communications Commission.
Cecilia Sigmund,
Federal Register Liaison.
[FR Doc. 2019–06470 Filed 4–2–19; 8:45 am]
BILLING CODE 6712–01–P
FEDERAL DEPOSIT INSURANCE
CORPORATION
khammond on DSKBBV9HB2PROD with NOTICES
Sunshine Act Meeting
Pursuant to the provisions of the
‘‘Government in the Sunshine Act’’ (5
U.S.C. 552b), notice is hereby given that
at 10:38 a.m. on Friday, March 29, 2019,
the Board of Directors of the Federal
Deposit Insurance Corporation met in
closed session to consider matters
related to the Corporation’s supervision,
corporate, and resolution activities.
In calling the meeting, the Board
determined, on motion of Director
Martin J. Gruenberg, seconded by
Director Kathleen L. Kraninger
(Director, Consumer Financial
Protection Bureau), and concurred in by
Director Joseph M. Otting (Comptroller
of the Currency), and Chairman Jelena
McWilliams, that Corporation business
required its consideration of the matters
which were to be the subject of this
meeting on less than seven days’ notice
to the public; that no earlier notice of
the meeting was practicable; that the
public interest did not require
consideration of the matters in a
meeting open to public observation; and
that the matters could be considered in
a closed meeting by authority of
subsections (c)(2), (c)(4), (c)(6), (c)(8),
(c)(9)(A)(ii), and (c)(9)(B) of the
‘‘Government in the Sunshine Act’’ (5
U.S.C. 552b(c)(2), (c)(4), (c)(6), (c)(8),
(c)(9)(A)(ii), and (c)(9)(B)).
Dated: March 29, 2019.
VerDate Sep<11>2014
17:19 Apr 02, 2019
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2019–06542 Filed 4–1–19; 11:15 am]
BILLING CODE 6714–01–P
FEDERAL MARITIME COMMISSION
Notice of Agreements Filed
The Commission hereby gives notice
of the filing of the following agreements
under the Shipping Act of 1984.
Interested parties may submit comments
on the agreements to the Secretary by
email at Secretary@fmc.gov, or by mail,
Federal Maritime Commission,
Washington, DC 20573, within twelve
days of the date this notice appears in
the Federal Register. Copies of
agreements are available through the
Commission’s website (www.fmc.gov) or
by contacting the Office of Agreements
at (202) 523–5793 or tradeanalysis@
fmc.gov.
Agreement No.: 008005–014.
Agreement Name: New York Terminal
Conference.
Parties: APM Terminals Elizabeth, LC;
GCT Bayonne LP; GCT New York LP;
Port Newark Container Terminal LLC;
and Red Hook Container Terminal LLC.
Filing Party: Christopher DeLacy;
Holland & Knight.
Synopsis: The amendment appoints a
new agent consistent with the terms of
the Agreement.
Proposed Effective Date: 3/22/2019.
Location: https://www2.fmc.gov/
FMC.Agreements.Web/Public/
AgreementHistory/04242.
Agreement No.: 201292.
Agreement Name: Puerto Nuevo
Terminals LLC Cooperative Working
Agreement.
Parties: Luis A. Ayala Colon Sucrs.,
Inc. and Puerto Rico Terminals, LLC.
Filing Party: Matthew Thomas; Blank
Rome LLP.
Synopsis: The Agreement would
authorize Luis A. Ayala Colon (LAC)
and Puerto Rico Terminals (PRT), an
affiliate of Tote Maritime, to form Puerto
Nuevo Terminals (PNT) to operate a
marine terminal and provide container
stevedoring, terminal and related
services in the Port of San Juan, Puerto
Rico.
Proposed Effective Date: 5/11/2019.
Location: https://www2.fmc.gov/
FMC.Agreements.Web/Public/
AgreementHistory/21354.
Dated: March 29, 2019.
JoAnne D. O’ Bryant,
Program Analyst.
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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
indicated or the offices of the Board of
Governors not later than April 29, 2019.
A. Federal Reserve Bank of
Minneapolis (Mark A. Rauzi, Vice
President), 90 Hennepin Avenue,
Minneapolis, Minnesota 55480–0291:
1. First Holding Company of Cavalier,
Inc., Cavalier, North Dakota; to acquire
100 percent of the voting shares of
Northern Sky Bank, Crookston,
Minnesota.
Board of Governors of the Federal Reserve
System, March 29, 2019.
Yao-Chin Chao,
Assistant Secretary of the Board.
[FR Doc. 2019–06469 Filed 4–2–19; 8:45 am]
BILLING CODE P
FEDERAL RESERVE SYSTEM
Proposed Agency Information
Collection Activities; Comment
Request
Board of Governors of the
Federal Reserve System.
ACTION: Notice, request for comment.
AGENCY:
[FR Doc. 2019–06475 Filed 4–2–19; 8:45 am]
BILLING CODE 6731–AA–P
FEDERAL RESERVE SYSTEM
E:\FR\FM\03APN1.SGM
03APN1
Federal Register / Vol. 84, No. 64 / Wednesday, April 3, 2019 / Notices
The Board of Governors of the
Federal Reserve System (Board) invites
comment on a proposal to extend for
three years, with revision, the Request
for Extension of Time to Dispose of
Assets Acquired in Satisfaction of Debts
Previously Contracted (FR 4006; OMB
No. 7100–0129).
DATES: Comments must be submitted on
or before June 3, 2019.
ADDRESSES: You may submit comments,
identified by FR 4006, 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 in Room 146, 1709 New York
Avenue 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, if
approved. These documents will also be
made available on the Board’s public
website at https://
www.federalreserve.gov/apps/
khammond on DSKBBV9HB2PROD with NOTICES
SUMMARY:
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17:19 Apr 02, 2019
Jkt 247001
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.
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.
SUPPLEMENTARY INFORMATION:
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,
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.
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13045
Proposal Under OMB Delegated
Authority To Extend for Three Years,
With Revision, the Following
Information Collection
Report title: Request for Extension of
Time to Dispose of Assets Acquired in
Satisfaction of Debts Previously
Contracted (DPC).
Agency form number: FR 4006.
OMB control number: 7100–0129.
Frequency: Event-generated.
Respondents: Bank holding
companies.
Estimated number of respondents:
Section 3(a) DPC: 21; Section 4(c)(2)
DPC: 42.
Estimated average hours per response:
Section 3(a) DPC: 5 hours; Section
4(c)(2) DPC: 5 hours.
Estimated annual burden hours:
Section 3(a) DPC: 105 hours; Section 4
(c)(2) DPC: 210 hours.
General description of report: The
Bank Holding Company Act (BHC Act)
and the Board’s Regulation Y require a
bank holding company (BHC) that
acquired voting securities or assets
through foreclosure or otherwise in the
ordinary course of collecting a DPC to
seek prior Board approval in order to
retain ownership of those shares or
assets for more than two years. There
are no required formal reporting forms
associated with this information
collection (the FR 4006 designation is
for internal purposes only). Instead, a
BHC is required to submit any extension
request to the Reserve Bank that has
direct supervisory responsibility for the
requesting BHC. The Board uses the
information provided in the request to
fulfill its statutory obligation to
supervise BHCs.
Proposed revisions: The Board is
proposing to revise the FR 4006 to
account for requests for an extension of
the section 3(a) holding period for bank
DPC property pursuant to section
225.12(b) of the Board’s Regulation Y.
The FR 4006 currently does not account
for this collection of information.
Legal authorization and
confidentiality: The FR 4006 is
authorized pursuant to sections 3(a) and
4(c)(2) of the Bank Holding Company
Act (BHC Act) 1 and sections 225.12(b)
and 225.22(d) of Regulation Y.2 Under
sections 3(a) and 4(c)(2) of the BHC Act
and sections 225.12(b) and 225.22(d)(1)
of the Board’s Regulation Y, a BHC is
not required to seek prior Board
approval before acquiring securities or
assets in the ordinary course of
collecting a DPC in good faith, if such
securities or assets (the ‘‘DPC property’’)
1 12
2 12
E:\FR\FM\03APN1.SGM
U.S.C. 1842(a) and 1843(c)(2).
CFR 225.22(d).
03APN1
13046
Federal Register / Vol. 84, No. 64 / Wednesday, April 3, 2019 / Notices
are divested within two years of
acquisition. In order to hold the DPC
property beyond the two-year period, a
BHC is required to seek the approval of
the Board. The two-year period may be
extended by the Board for up to three
additional years, and holdings in certain
types of DPC property may be extended
for up to five additional years (for a total
of 10 years). Pursuant to section
225.12(b) of Regulation Y, a BHC may
request an extension of the section 3(a)
holding period for voting securities of a
bank or BHC acquired in the ordinary
course of collecting a DPC in good faith.
Pursuant to section 225.22(d)(1) of
Regulation Y, a BHC may request an
extension of the section 4(c)(2) holding
period for voting securities or assets of
a nonbanking company acquired in the
ordinary course of collecting a DPC in
good faith. The FR 4006 is required to
obtain the benefit of being permitted to
retain ownership, for more than two
years, of voting securities or assets
acquired in the ordinary course of
collection of a DPC. Individual
respondents may request that
information submitted to the Board,
pursuant to sections 225.12(b) and
225.22(d) of Regulation Y, be kept
confidential on a case-by-case basis.
Such requests generally contain
information related to how the BHC
acquired shares or assets and the plans
of the BHC to divest the shares or assets.
Under certain circumstances, this
information may qualify under
exemption 4 of the Freedom of
Information Act, which protects
privileged or confidential commercial or
financial information (5 U.S.C.
552(b)(4)).
Board of Governors of the Federal Reserve
System, March 28, 2019.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2019–06434 Filed 4–2–19; 8:45 am]
BILLING CODE 6210–01–P
GENERAL SERVICES
ADMINISTRATION
[Notice–WWICC–2019–01; Docket No. 2019–
0003; Sequence No. 1]
khammond on DSKBBV9HB2PROD with NOTICES
World War One Centennial
Commission; Notification of Upcoming
Public Advisory Meeting
World War One Centennial
Commission.
ACTION: Meeting notice.
AGENCY:
Notice of this meeting is being
provided according to the requirements
of the Federal Advisory Committee Act.
This notice provides the schedule and
SUMMARY:
VerDate Sep<11>2014
17:19 Apr 02, 2019
Jkt 247001
agenda for the May 14, 2019 meeting of
the World War One Centennial
Commission (the Commission). The
meeting is open to the public.
DATES: Meeting date: The meeting will
be held on Tuesday, May 14, 2019,
starting at 9:00 a.m. Central Daylight
Time (CDT), and ending no later than
12:00 p.m., CDT.
ADDRESSES: The meeting will be held at
the National World War I Museum and
Memorial, 100 W 26th Street, Kansas
City, MO 64108. This location is
handicapped accessible. The meeting
will be open to the public. Persons
attending are requested to refrain from
using perfume, cologne, and other
fragrances (see https://www.accessboard.gov/about/policies/fragrance.htm
for more information).
Written Comments may be submitted
to the Commission and will be made
part of the permanent record of the
Commission. Comments must be
received by 5:00 p.m. Eastern Daylight
Time (EDT), May 10, 2019, and may be
provided by email to daniel.dayton@
worldwar1centennial.org. Contact
Daniel S. Dayton at daniel.dayton@
worldwar1centennial.org to register to
comment during the meeting’s 30minute public comment period.
Registered speakers/organizations will
be allowed five (5) minutes and will
need to provide written copies of their
presentations. Requests to comment,
together with presentations for the
meeting, must be received by 5:00 p.m.,
EDT, on Friday, May 10, 2019. Please
contact Mr. Dayton at the email address
above to obtain meeting materials.
FOR FURTHER INFORMATION CONTACT:
Daniel S. Dayton, Designated Federal
Officer, World War 1 Centennial
Commission, 701 Pennsylvania Avenue
NW, STE 123, Washington, DC 20004–
2608, or via telephone at 202–380–0725
(note: this is not a toll-free number).
SUPPLEMENTARY INFORMATION:
Background
The World War One Centennial
Commission was established by Public
Law 112–272 (as amended), as a
commission to ensure a suitable
observance of the centennial of World
War I, to provide for the designation of
memorials to the service of members of
the United States Armed Forces in
World War I, and for other purposes.
Under this authority, the Committee
will plan, develop, and execute
programs, projects, and activities to
commemorate the centennial of World
War I, encourage private organizations
and State and local governments to
organize and participate in activities
commemorating the centennial of World
PO 00000
Frm 00045
Fmt 4703
Sfmt 4703
War I, facilitate and coordinate activities
throughout the United States relating to
the centennial of World War I, serve as
a clearinghouse for the collection and
dissemination of information about
events and plans for the centennial of
World War I, and develop
recommendations for Congress and the
President for commemorating the
centennial of World War I.
Further, pursuant to Public Law 113–
291 the Commission may enhance the
General Pershing Commemorative Work
by constructing a World War I Memorial
incorporating appropriate sculptural
and other commemorative elements,
including landscaping, to further honor
the service of members of the United
States Armed Forces in World War I.
Agenda: Tuesday May 14, 2019
Old Business
• Approval of Minutes of last meeting
New Business
• Public Comment Period
• Executive Director’s Report—Mr.
Daniel Dayton
• Financial Report—Commissioner Zoe
Dunning
• Legislative Update—Mr. Russell
Orban
• Fundraising Report—Commissioner
Tod Sedgwick
• International Report—Commissioner
Monique Seefried
• Memorial Report—Commissioner
Edwin Fountain
• Education Report—Commissioner
Libby O’Connell
Other Business
• Chairman’s Report—Commissioner
Terry Hamby
• Other business as may appropriately
come before the Commission
• Set next meeting—May 12, 2020,
Kansas City, MO
• Adjourn
Dated: March 26, 2019.
Daniel S. Dayton,
Designated Federal Official, World War I
Centennial Commission.
[FR Doc. 2019–06278 Filed 4–2–19; 8:45 am]
BILLING CODE 6820–95–P
DEPARTMENT OF HEALTH AND
HUMAN SERVICES
Agency for Healthcare Research and
Quality
Meeting of the National Advisory
Council for Healthcare Research and
Quality
Agency for Healthcare Research
and Quality (AHRQ), HHS.
AGENCY:
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03APN1
]]>Agencies
[Federal Register Volume 84, Number 64 (Wednesday, April 3, 2019)]
[Notices]
[Pages 13044-13046]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-06434]
-----------------------------------------------------------------------
FEDERAL RESERVE SYSTEM
Proposed Agency Information Collection Activities; Comment
Request
AGENCY: Board of Governors of the Federal Reserve System.
ACTION: Notice, request for comment.
-----------------------------------------------------------------------
[[Page 13045]]
SUMMARY: The Board of Governors of the Federal Reserve System (Board)
invites comment on a proposal to extend for three years, with revision,
the Request for Extension of Time to Dispose of Assets Acquired in
Satisfaction of Debts Previously Contracted (FR 4006; OMB No. 7100-
0129).
DATES: Comments must be submitted on or before June 3, 2019.
ADDRESSES: You may submit comments, identified by FR 4006, 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 in Room 146,
1709 New York Avenue 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, if approved. These documents will also be made available
on the 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, 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 Under OMB Delegated Authority To Extend for Three Years, With
Revision, the Following Information Collection
Report title: Request for Extension of Time to Dispose of Assets
Acquired in Satisfaction of Debts Previously Contracted (DPC).
Agency form number: FR 4006.
OMB control number: 7100-0129.
Frequency: Event-generated.
Respondents: Bank holding companies.
Estimated number of respondents: Section 3(a) DPC: 21; Section
4(c)(2) DPC: 42.
Estimated average hours per response: Section 3(a) DPC: 5 hours;
Section 4(c)(2) DPC: 5 hours.
Estimated annual burden hours: Section 3(a) DPC: 105 hours; Section
4 (c)(2) DPC: 210 hours.
General description of report: The Bank Holding Company Act (BHC
Act) and the Board's Regulation Y require a bank holding company (BHC)
that acquired voting securities or assets through foreclosure or
otherwise in the ordinary course of collecting a DPC to seek prior
Board approval in order to retain ownership of those shares or assets
for more than two years. There are no required formal reporting forms
associated with this information collection (the FR 4006 designation is
for internal purposes only). Instead, a BHC is required to submit any
extension request to the Reserve Bank that has direct supervisory
responsibility for the requesting BHC. The Board uses the information
provided in the request to fulfill its statutory obligation to
supervise BHCs.
Proposed revisions: The Board is proposing to revise the FR 4006 to
account for requests for an extension of the section 3(a) holding
period for bank DPC property pursuant to section 225.12(b) of the
Board's Regulation Y. The FR 4006 currently does not account for this
collection of information.
Legal authorization and confidentiality: The FR 4006 is authorized
pursuant to sections 3(a) and 4(c)(2) of the Bank Holding Company Act
(BHC Act) \1\ and sections 225.12(b) and 225.22(d) of Regulation Y.\2\
Under sections 3(a) and 4(c)(2) of the BHC Act and sections 225.12(b)
and 225.22(d)(1) of the Board's Regulation Y, a BHC is not required to
seek prior Board approval before acquiring securities or assets in the
ordinary course of collecting a DPC in good faith, if such securities
or assets (the ``DPC property'')
[[Page 13046]]
are divested within two years of acquisition. In order to hold the DPC
property beyond the two-year period, a BHC is required to seek the
approval of the Board. The two-year period may be extended by the Board
for up to three additional years, and holdings in certain types of DPC
property may be extended for up to five additional years (for a total
of 10 years). Pursuant to section 225.12(b) of Regulation Y, a BHC may
request an extension of the section 3(a) holding period for voting
securities of a bank or BHC acquired in the ordinary course of
collecting a DPC in good faith. Pursuant to section 225.22(d)(1) of
Regulation Y, a BHC may request an extension of the section 4(c)(2)
holding period for voting securities or assets of a nonbanking company
acquired in the ordinary course of collecting a DPC in good faith. The
FR 4006 is required to obtain the benefit of being permitted to retain
ownership, for more than two years, of voting securities or assets
acquired in the ordinary course of collection of a DPC. Individual
respondents may request that information submitted to the Board,
pursuant to sections 225.12(b) and 225.22(d) of Regulation Y, be kept
confidential on a case-by-case basis. Such requests generally contain
information related to how the BHC acquired shares or assets and the
plans of the BHC to divest the shares or assets. Under certain
circumstances, this information may qualify under exemption 4 of the
Freedom of Information Act, which protects privileged or confidential
commercial or financial information (5 U.S.C. 552(b)(4)).
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\1\ 12 U.S.C. 1842(a) and 1843(c)(2).
\2\ 12 CFR 225.22(d).
Board of Governors of the Federal Reserve System, March 28,
2019.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2019-06434 Filed 4-2-19; 8:45 am]
BILLING CODE 6210-01-P
