Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 21780-21781 [2019-09951]

Download as PDF 21780 Federal Register / Vol. 84, No. 94 / Wednesday, May 15, 2019 / Notices jbell on DSK3GLQ082PROD with NOTICES 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 approve and assign OMB control numbers to collection of information requests and requirements conducted or sponsored by the Board. Board-approved collections of information are incorporated into the official OMB inventory of currently approved collections of information. Copies of the PRA Submission, supporting statements and approved collection of information instrument(s) are placed into OMB’s public docket files. The Board may not conduct or sponsor, and the respondent is not required to respond to, an information collection that has been extended, revised, or implemented on or after October 1, 1995, unless it displays a currently valid OMB control number. Final Approval Under OMB Delegated Authority of the Extension for Three Years, Without Revision, of the Following Information Collection Report title: Recordkeeping Requirements of Regulation H and Regulation K Associated with the Procedures for Monitoring Bank Secrecy Act Compliance. Agency form number: FR K. OMB control number: 7100–0310. Frequency: Annually. Respondents: State member banks; Edge and agreement corporations; and certain U.S. branches, agencies, and representative offices of foreign banks supervised by the Board. Estimated number of respondents: Establish compliance program—1; maintenance of compliance program— 957. Estimated average hours per response: Establish compliance program—16; maintenance of compliance program—4. Estimated annual burden hours: Establish compliance program—16; maintenance of compliance program— 3,828. General description of report: The Board’s Regulation K and Regulation H require state member banks, Edge and agreement corporations and, except for a federal branch or a federal agency or a state branch that is insured by the Federal Deposit Insurance Corporation, the U.S. branches, agencies, and representative offices of foreign banks supervised by the Board to establish a written Bank Secrecy Act (BSA) compliance program that includes the following components: (1) A system of internal controls to assure ongoing VerDate Sep<11>2014 22:43 May 14, 2019 Jkt 247001 compliance, (2) independent testing of compliance by the institution’s personnel or by an outside party, (3) the designation of an individual or individuals for coordinating and monitoring day-to-day compliance, and (4) training for appropriate personnel.1 The compliance program must be approved by the board of directors of the state member bank, Edge corporation, or agreement corporation and must be noted in the institution’s minutes. In the case of a branch, agency, or representative office of a foreign bank, the compliance program may be approved by the foreign bank’s board of directors and noted in the minutes or approved by a delegee acting under the express authority of the foreign bank’s board of directors. Legal authorization and confidentiality: The FR K is authorized pursuant to the Federal Deposit Insurance Act (12 U.S.C. 1818(s)), which requires the federal banking agencies, including the Board, to (1) prescribe regulations requiring the institutions they regulate to establish and maintain procedures reasonably designed to assure and monitor compliance with the BSA and (2) to review such procedures during the course of their examinations.2 The FR K is mandatory. Because the Federal Reserve will not collect this information, confidentiality issues would normally not arise. Because the records will be retained at banking organizations, the Freedom of Information Act (FOIA) will only be implicated if the Board’s examiners retain a copy of the record as part of an examination or supervision of a banking institution. In that case, the records would be exempt from disclosure under exemption 8 of the FOIA, which protects examination materials from disclosure (5 U.S.C. 552(b)(8)). Exemption 4 of the FOIA, which protects confidential financial information, may also be applicable (5 U.S.C. 552(b)(4)). Current actions: On February 5, 2019, the Board published a notice in the Federal Register (84 FR 1731) requesting public comment for 60 days on the extension, without revision, of the FR K. The comment period for this notice expired on April 8, 2019. The Board did not receive any comments. 1 See 12 CFR 208.63(c); these specific requirements are incorporated by reference in 12 CFR 211.5(m)(1) and 211.24(j)(1). 2 The Board’s authority in 12 U.S.C. 1818(s) to prescribe regulations includes the entities required to comply with section 208.63 of the Board’s Regulation H (12 CFR 208.63) and sections 211.5(m)(1) and 211.24(j)(1) of the Board’s Regulation K (12 CFR 211.5(m)(1) and 12 CFR 211.24(j)(1)). PO 00000 Frm 00033 Fmt 4703 Sfmt 4703 Board of Governors of the Federal Reserve System, May 9, 2019. Michele Taylor Fennell, Assistant Secretary of the Board. [FR Doc. 2019–09970 Filed 5–14–19; 8:45 am] BILLING CODE 6210–01–P FEDERAL RESERVE SYSTEM Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB Board of Governors of the Federal Reserve System. SUMMARY: The Board of Governors of the Federal Reserve System (Board) is adopting a proposal to extend for three years, with revision, the Application to Become a Savings and Loan Holding Company or to Acquire a Savings Association or Savings and Loan Holding Company (FR LL–10(e); OMB No. 7100–0336). DATES: The revisions are applicable as of May 1, 2019. 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, 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. Board-approved collections of information are incorporated into the official OMB inventory of currently approved collections of information. Copies of the Paperwork Reduction Act Submission, supporting statements and approved collection of information instrument(s) are placed into OMB’s public docket files. The Board may not conduct or sponsor, and the respondent is not required to respond to, an information collection that has been extended, revised, or implemented on or after AGENCY: E:\FR\FM\15MYN1.SGM 15MYN1 jbell on DSK3GLQ082PROD with NOTICES Federal Register / Vol. 84, No. 94 / Wednesday, May 15, 2019 / Notices October 1, 1995, unless it displays a currently valid OMB control number. Final approval under OMB delegated authority of the extension for three years, with revision, of the following information collection: Report title: Application to Become a Savings and Loan Holding Company or to Acquire a Savings Association or Savings and Loan Holding Company. Agency form number: FR LL–10(e). OMB control number: 7100–0336. Effective Date: May 1, 2019 Frequency: Event generated. Respondents: Entities seeking prior approval to become or acquire a savings and loan holding company (SLHC). Estimated number of respondents: 15. Estimated average hours per response: 60. Estimated annual burden hours: 900. General description of report: This collection of information consists of information that must be filed in connection with certain proposals involving the formation, acquisition, or merger of an SLHC. The Board requires the submission of this filing from an applicant for regulatory and supervisory purposes and to allow the Board to fulfill its statutory obligations to review these transactions under section l0(e) of the Home Owners’ Loan Act (HOLA) and the Board’s Regulation LL—Savings and Loan Holding Companies. The Board uses the information submitted by applicants to evaluate these transactions with respect to the financial and managerial resources and future prospects of the company(ies) and savings association(s) involved, the effect of the acquisition on the savings association(s), the insurance risk to the Deposit Insurance Fund, the convenience and needs of communities to be served, and competitive effects.1 Legal authorization and confidentiality: The FR LL–10(e) is authorized pursuant to Section 10(b)(2) of the Home Owners’ Loan Act (12 U.S.C. 1467a(b)) and is mandatory. The information on the FR LL–10(e) is not considered confidential unless the applicant requests confidential treatment pursuant to exemption 4 (confidential business information) or 6 (confidential personal information) of the Freedom of Information Act, 5 U.S.C. 552(b)(4) and (b)(6). All such requests for confidential treatment would be reviewed on a case-by-case basis. Current actions: On November 30, 2018, the Board published a notice in the Federal Register (83 FR 61635) requesting public comment for 60 days on the extension, with revision, of the 1 See 12 U.S.C. 1467a(e)(2). VerDate Sep<11>2014 22:43 May 14, 2019 Jkt 247001 FR LL–10(e). The comment period for this notice expired on January 29, 2019. The Board did not receive any comments. On March 8, 2019, the Board published an additional notice in the Federal Register (84 FR 8527) requesting public comment on the proposed certification page that was mistakenly omitted from the original notice. The comment period for this notice expired on April 8, 2019. The Board did not receive any comments. The revisions will be implemented as proposed. Board of Governors of the Federal Reserve System, May 9, 2019. Michele Taylor Fennell, Assistant Secretary of the Board. [FR Doc. 2019–09951 Filed 5–14–19; 8:45 am] BILLING CODE 6210–01–P FEDERAL TRADE COMMISSION [File No. 182 3085] National Floors Direct, Inc.; Analysis To Aid Public Comment Federal Trade Commission. Proposed consent agreement; request for comment. AGENCY: ACTION: The consent agreement in this matter settles alleged violations of federal law prohibiting unfair or deceptive acts or practices. The attached Analysis to Aid Public Comment describes both the allegations in the complaint and the terms of the consent order—embodied in the consent agreement—that would settle these allegations. DATES: Comments must be received on or before June 14, 2019. ADDRESSES: Interested parties may file comments online or on paper, by following the instructions in the Request for Comment part of the SUPPLEMENTARY INFORMATION section below. Write: ‘‘National Floors Direct; File No. 182 3085’’ on your comment, and file your comment online at https:// www.regulations.gov by following the instructions on the web-based form. If you prefer to file your comment on paper, mail your comment to the following address: Federal Trade Commission, Office of the Secretary, 600 Pennsylvania Avenue NW, Suite CC–5610 (Annex D), Washington, DC 20580, or deliver your comment to the following address: Federal Trade Commission, Office of the Secretary, Constitution Center, 400 7th Street SW, 5th Floor, Suite 5610 (Annex D), Washington, DC 20024. FOR FURTHER INFORMATION CONTACT: Carl H. Settlemyer (202–326–2019), Bureau SUMMARY: PO 00000 Frm 00034 Fmt 4703 Sfmt 4703 21781 of Consumer Protection, Federal Trade Commission, 600 Pennsylvania Avenue NW, Washington, DC 20580. SUPPLEMENTARY INFORMATION: Pursuant to Section 6(f) of the Federal Trade Commission Act, 15 U.S.C. 46(f), and FTC Rule 2.34, 16 CFR 2.34, notice is hereby given that the above-captioned consent agreement containing a consent order to cease and desist, having been filed with and accepted, subject to final approval, by the Commission, has been placed on the public record for a period of thirty (30) days. The following Analysis to Aid Public Comment describes the terms of the consent agreement and the allegations in the complaint. An electronic copy of the full text of the consent agreement package can be obtained from the FTC Home Page (for May 8, 2019), on the World Wide Web, at https:// www.ftc.gov/news-events/commissionactions. You can file a comment online or on paper. For the Commission to consider your comment, we must receive it on or before June 14, 2019. Write ‘‘National Floors Direct; File No. 182 3085’’ on your comment. Your comment— including your name and your state— will be placed on the public record of this proceeding, including, to the extent practicable, on the https:// www.regulations.gov website. Postal mail addressed to the Commission is subject to delay due to heightened security screening. As a result, we encourage you to submit your comments online through the https:// www.regulations.gov website. If you prefer to file your comment on paper, write ‘‘National Floors Direct; File No. 182 3085’’ on your comment and on the envelope, and mail your comment to the following address: Federal Trade Commission, Office of the Secretary, 600 Pennsylvania Avenue NW, Suite CC–5610 (Annex D), Washington, DC 20580; or deliver your comment to the following address: Federal Trade Commission, Office of the Secretary, Constitution Center, 400 7th Street SW, 5th Floor, Suite 5610 (Annex D), Washington, DC 20024. If possible, submit your paper comment to the Commission by courier or overnight service. Because your comment will be placed on the publicly accessible website at https://www.regulations.gov, you are solely responsible for making sure that your comment does not include any sensitive or confidential information. In particular, your comment should not include any sensitive personal information, such as your or anyone else’s Social Security number; date of E:\FR\FM\15MYN1.SGM 15MYN1

Agencies

[Federal Register Volume 84, Number 94 (Wednesday, May 15, 2019)]
[Notices]
[Pages 21780-21781]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-09951]


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FEDERAL RESERVE SYSTEM


Agency Information Collection Activities: Announcement of Board 
Approval Under Delegated Authority and Submission to OMB

AGENCY: Board of Governors of the Federal Reserve System.

SUMMARY: The Board of Governors of the Federal Reserve System (Board) 
is adopting a proposal to extend for three years, with revision, the 
Application to Become a Savings and Loan Holding Company or to Acquire 
a Savings Association or Savings and Loan Holding Company (FR LL-10(e); 
OMB No. 7100-0336).

DATES: The revisions are applicable as of May 1, 2019.

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, 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. Board-approved collections of information are 
incorporated into the official OMB inventory of currently approved 
collections of information. Copies of the Paperwork Reduction Act 
Submission, supporting statements and approved collection of 
information instrument(s) are placed into OMB's public docket files. 
The Board may not conduct or sponsor, and the respondent is not 
required to respond to, an information collection that has been 
extended, revised, or implemented on or after

[[Page 21781]]

October 1, 1995, unless it displays a currently valid OMB control 
number.
    Final approval under OMB delegated authority of the extension for 
three years, with revision, of the following information collection:
    Report title: Application to Become a Savings and Loan Holding 
Company or to Acquire a Savings Association or Savings and Loan Holding 
Company.
    Agency form number: FR LL-10(e).
    OMB control number: 7100-0336.
    Effective Date: May 1, 2019
    Frequency: Event generated.
    Respondents: Entities seeking prior approval to become or acquire a 
savings and loan holding company (SLHC).
    Estimated number of respondents: 15.
    Estimated average hours per response: 60.
    Estimated annual burden hours: 900.
    General description of report: This collection of information 
consists of information that must be filed in connection with certain 
proposals involving the formation, acquisition, or merger of an SLHC. 
The Board requires the submission of this filing from an applicant for 
regulatory and supervisory purposes and to allow the Board to fulfill 
its statutory obligations to review these transactions under section 
l0(e) of the Home Owners' Loan Act (HOLA) and the Board's Regulation 
LL--Savings and Loan Holding Companies. The Board uses the information 
submitted by applicants to evaluate these transactions with respect to 
the financial and managerial resources and future prospects of the 
company(ies) and savings association(s) involved, the effect of the 
acquisition on the savings association(s), the insurance risk to the 
Deposit Insurance Fund, the convenience and needs of communities to be 
served, and competitive effects.\1\
---------------------------------------------------------------------------

    \1\ See 12 U.S.C. 1467a(e)(2).
---------------------------------------------------------------------------

    Legal authorization and confidentiality: The FR LL-10(e) is 
authorized pursuant to Section 10(b)(2) of the Home Owners' Loan Act 
(12 U.S.C. 1467a(b)) and is mandatory. The information on the FR LL-
10(e) is not considered confidential unless the applicant requests 
confidential treatment pursuant to exemption 4 (confidential business 
information) or 6 (confidential personal information) of the Freedom of 
Information Act, 5 U.S.C. 552(b)(4) and (b)(6). All such requests for 
confidential treatment would be reviewed on a case-by-case basis.
    Current actions: On November 30, 2018, the Board published a notice 
in the Federal Register (83 FR 61635) requesting public comment for 60 
days on the extension, with revision, of the FR LL-10(e). The comment 
period for this notice expired on January 29, 2019. The Board did not 
receive any comments. On March 8, 2019, the Board published an 
additional notice in the Federal Register (84 FR 8527) requesting 
public comment on the proposed certification page that was mistakenly 
omitted from the original notice. The comment period for this notice 
expired on April 8, 2019. The Board did not receive any comments. The 
revisions will be implemented as proposed.

    Board of Governors of the Federal Reserve System, May 9, 2019.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2019-09951 Filed 5-14-19; 8:45 am]
 BILLING CODE 6210-01-P