Proposed Agency Information Collection Activities; Comment Request, 32743-32745 [2019-14499]

Download as PDF Federal Register / Vol. 84, No. 131 / Tuesday, July 9, 2019 / Notices service, and provides space chartering and exchange involving the USEC4 service. The Amendment also adds details with respect to the parties’ cooperation, and restates the Agreement. Proposed Effective Date: 8/16/2019. Location: http://fmcinet/ Fmc.Agreements.Web/Public/ AgreementHistory/14256. Agreement No.: 201312. Agreement Name: PFL/CNCO Slot Charter Agreement. Parties: Pacific Forum Line (Group) Limited and The China Navigation Co. Ptd. Ltd. Filing Party: David Monroe; GKG Law. Synopsis: The Agreement authorizes PFL to charter space to CNCO in the trade between American Samoa on the one hand, and Australia, New Caledonia, Vanuatu, Fiji, Samoa, and Tonga on the other hand. Proposed Effective Date: 7/1/2019. Location: http://fmcinet/ Fmc.Agreements.Web/Public/ AgreementHistory/22417. Agreement No.: 201313. Agreement Name: NPL/CNCO Slot Charter Agreement. Parties: Neptune Pacific Line Inc. and The China Navigation Co. Ptd. Ltd. Filing Party: David Monroe; GKG Law. Synopsis: The Agreement authorizes NPL to charter space to CNCO in the trade between American Samoa on the one hand, and Australia, New Caledonia, Vanuatu, Fiji, Samoa, and Tonga on the other hand. Proposed Effective Date: 7/1/2019. Location: http://fmcinet/ Fmc.Agreements.Web/Public/ AgreementHistory/22418. Dated: July 3, 2019. JoAnne D. O’Bryant, Program Analyst. Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company khammond on DSKBBV9HB2PROD with NOTICES BILLING CODE P FEDERAL RESERVE SYSTEM Proposed Agency Information Collection Activities; Comment Request The Board of Governors of the Federal Reserve System (Board) invites comment on a proposal to extend for three years, without revision, the Disclosure and Reporting Requirements of the Community Reinvestment Act (CRA)-Related Agreements (Regulation G) (FR G; OMB No. 7100–0299). DATES: Comments must be submitted on or before September 9, 2019. ADDRESSES: You may submit comments, identified by FR G, by any of the following methods: • Agency website: http:// www.federalreserve.gov. Follow the instructions for submitting comments at http://www.federalreserve.gov/apps/ foia/proposedregs.aspx. SUMMARY: FEDERAL RESERVE SYSTEM The notificants listed below have applied under the Change in Bank Control Act (‘‘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 Jkt 247001 [FR Doc. 2019–14615 Filed 7–8–19; 8:45 am] Board of Governors of the Federal Reserve System. ACTION: Notice, request for comment. BILLING CODE 6731–AA–P 17:47 Jul 08, 2019 Board of Governors of the Federal Reserve System, July 3, 2019. Yao-Chin Chao, Assistant Secretary of the Board. AGENCY: [FR Doc. 2019–14526 Filed 7–8–19; 8:45 am] VerDate Sep<11>2014 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 July 19, 2019. A. Federal Reserve Bank of Kansas City (Dennis Denney, Assistant Vice President) 1 Memorial Drive, Kansas City, Missouri 64198–0001: 1. The Melinda Mercer Revocable Trust and Kelly Brothers, A Business Trust, Melinda Mercer, Tulsa, Oklahoma, individually and as trustee; the Mel Mercer Revocable Trust, the Kelly Mercer Revocable Trust, and the Logan Mercer Revocable Trust, Mel Mercer, Tulsa, Oklahoma, individually and as trustee, Logan Mercer, Broken Arrow, Oklahoma, Kelly Mercer, Tulsa, Oklahoma, Brad Kelly, Dallas, Texas, the Raymond Lynn Fesperman and Susan K. Fesperman Trust, Raymond Lynn Fesperman, Tulsa, Oklahoma, as trustee, and Payton Fesperman, Tulsa, Oklahoma; to be approved as members of the Mercer-Kelly-Fesperman Family Group, Bristow, Oklahoma, and thereby acquire shares of Spirit Bankcorp, Inc., and indirectly acquire shares of SpiritBank, Tulsa, Oklahoma. PO 00000 Frm 00045 Fmt 4703 Sfmt 4703 32743 • 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 on 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 Office of Management and Budget (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 Paperwork Reduction Act (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 http://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. SUPPLEMENTARY INFORMATION: On June 15, 1984, OMB delegated to the Board authority under the 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 E:\FR\FM\09JYN1.SGM 09JYN1 khammond on DSKBBV9HB2PROD with NOTICES 32744 Federal Register / Vol. 84, No. 131 / Tuesday, July 9, 2019 / Notices 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 to approve under OMB delegated authority the extension for three years, without revision, of the following report: Report title: Disclosure and Reporting Requirements of the CRA-Related Agreements (Regulation G). Agency form number: FR G. OMB control number: 7100–0299. Frequency: Quarterly, annually, and on occasion. Respondents: State member banks and their subsidiaries, bank holding companies, and savings and loan holding companies (Insured Depository Institutions (IDIs)); affiliates of bank holding companies and savings and loan holding companies, other than banks, savings associations, and subsidiaries of banks and savings associations; and nongovernmental entities or persons (NGEP) that enter into covered agreements with any of the aforementioned companies. Estimated number of respondents: Reporting: IDIs and affiliates—Copy of agreements to agency, 2 respondents; List of agreements to agency, 2 respondents; Annual report, 2 VerDate Sep<11>2014 17:47 Jul 08, 2019 Jkt 247001 respondents; and Filing NGEP annual report, 2 respondents; Reporting: NGEP—Copy of agreements to agency, 6 respondents; and Annual Report, 6 respondents; Disclosure: IDIs and affiliates—Covered agreements to public, 2 respondents; and Agreements relating to activities of CRA affiliates, 2 respondents; and Disclosure: NGEP— Covered agreements to public, 6 respondents. Estimated average hours per response: Reporting: IDIs and affiliates—Copy of agreements to agency, 1 hour; List of agreements to agency, 1 hour; Annual report, 4 hours; and Filing NGEP annual report, 1 hour; Reporting: NGEP—Copy of agreements to agency, 1 hour; and Annual Report, 4 hours; Disclosure: IDIs and affiliates—Covered agreements to public, 1 hour; and Agreements relating to activities of CRA affiliates, 1 hour; and Disclosure: NGEP—Covered agreements to public, 1 hour. Estimated annual burden hours: Reporting: IDIs and affiliates—Copy of agreements to agency, 8 hours; List of agreements to agency, 8 hours; Annual report, 8 hours; and Filing NGEP annual report, 6 hours; Reporting: NGEP—Copy of agreements to agency, 6 hours; and Annual Report, 24 hours; Disclosure: IDIs and affiliates—Covered agreements to public, 6 hours; and Agreements relating to activities of CRA affiliates, 6 hours; and Disclosure: NGEP—Covered agreements to public, 6 hours. General description of report: The Gramm-Leach-Bliley Act (GLBA) amended the Federal Deposit Insurance Act (FDI Act) by adding a new section 48, entitled ‘‘CRA Sunshine Requirements.’’ Section 48 imposes disclosure and reporting requirements on IDIs, their affiliates, and NGEPs that enter into written agreements that (1) are made in fulfillment of the CRA and (2) involve funds or other resources of an IDI or affiliate with an aggregate value of more than $10,000 in a year, or loans with an aggregate principal value of more than $50,000 in a year. Section 48 excludes from the disclosure and reporting requirements any CRA-related agreement between an IDI or its affiliate, on the one hand, and an NGEP, on the other hand, if the NGEP has not contacted the IDI, its affiliate, or a federal banking agency concerning the CRA performance of the IDI. The GLBA directed the Board, as well as the other federal banking agencies, to issue consistent and comparable regulations to implement the requirements of section 48 of the FDI Act. In 2001, the agencies promulgated substantially identical regulations, which interpret the scope of written agreements that are subject to the statute PO 00000 Frm 00046 Fmt 4703 Sfmt 4703 and implement the disclosure and reporting requirements of section 48.1 The Board’s Regulation G implements the provisions of the GLBA requiring both IDIs and NGEP to make a copy of any covered agreement available to the public and the appropriate federal banking agency, and to file an annual report with each appropriate federal banking agency regarding the use of funds under such agreement for that fiscal year. In addition, each calendar quarter, an IDI and its affiliates must provide to the appropriate federal banking agency a list of all covered agreements entered into during that quarter or a copy of the covered agreements. Legal authorization and confidentiality: The disclosure and reporting requirements of Regulation G are authorized pursuant to the authority of the Board to prescribe regulations to carry out the purposes of section 711 of GLBA.2 The obligation to comply with the disclosure and reporting requirements of Regulation G is mandatory. Because the disclosure and reporting requirements of section 711 and Regulation G require relevant parties to disclose covered agreements to the public, an entity subject to Regulation G would likely be unable to prevent the Board from releasing a covered agreement to the public.3 However, in the preamble to Regulation G, the Board stated that an entity subject to Regulation G may submit a public version of its covered agreements to the Board with a request for confidential treatment. The Board further stated that it would release this version to the public unless it received a request under the Freedom of Information Act (FOIA) for the entirety of the CRA-related agreement. In such case, information in the agreement may be protected from disclosure by FOIA exemptions (b)(4) (which protects ‘‘trade secrets and commercial or financial information obtained from a person [that is] privileged and confidential’’) 4 and (b)(8) (which protects information contained in ‘‘examination, operating, 1 12 CFR part 35 (Office of the Comptroller of the Currency); 12 CFR part 207 (Board); 12 CFR part 346 (Federal Deposit Insurance Corporation). 2 12 U.S.C. 1831y(h)(1). 3 The Board noted in the preamble to Regulation G that section 711 would require disclosure of some types of information that an agency might normally withhold from disclosure under the FOIA and that the Board would not keep information confidential under the FOIA that a party would be required to disclose under section 711. Disclosure and Reporting of CRA-Related Agreements, 66 FR 2052, 2066–2067 (Jan. 10, 2001). 4 5 U.S.C. 552(b)(4). E:\FR\FM\09JYN1.SGM 09JYN1 Federal Register / Vol. 84, No. 131 / Tuesday, July 9, 2019 / Notices or condition reports’’ obtained in the bank supervisory process).5 Board of Governors of the Federal Reserve System, July 2, 2019. Michele Taylor Fennell, Assistant Secretary of the Board. [FR Doc. 2019–14499 Filed 7–8–19; 8:45 am] BILLING CODE 6210–01–P FEDERAL RESERVE SYSTEM khammond on DSKBBV9HB2PROD with NOTICES 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 August 2, 2019. A. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant Vice President) 230 South LaSalle Street, Chicago, Illinois 60690–1414: 1. FSB Holdings, Inc., Fairview, Illinois; to become a bank holding company by acquiring 100 percent of the voting shares of Fairview State 55 U.S.C. 552(b)(8). VerDate Sep<11>2014 17:47 Jul 08, 2019 Jkt 247001 Banking Company, also of Fairview, Illinois. B. Federal Reserve Bank of Cleveland (Nadine Wallman, Vice President) 1455 East Sixth Street, Cleveland, Ohio 44101–2566. Comments can also be sent electronically to Comments.applications@clev.frb.org: 1. New Hazard Bancorp, Lexington, Kentucky; to acquire 100 percent of the voting shares of Hazard Bancorp, and thereby indirectly acquire Peoples Bank & Trust Company, both of Hazard, Kentucky. C. Federal Reserve Bank of Minneapolis (Mark A. Rauzi, Vice President), 90 Hennepin Avenue, Minneapolis, Minnesota 55480–0291: 1. The Bridger Company, Bridger, Montana; to acquire 100 percent of the voting shares of First Security Bank of Malta, Malta, Montana and Valley Bank of Glasgow, Glasgow, Montana. D. Federal Reserve Bank of Richmond (Adam M. Drimer, Assistant Vice President) 701 East Byrd Street, Richmond, Virginia 23219. Comments can also be sent electronically to or Comments.applications@rich.frb.org: 1. First Citizens BancShares, Inc., Raleigh, North Carolina; to acquire 100 percent of the voting shares of Entegra Financial Corp. and Entegra Bank, both of Franklin, North Carolina. Board of Governors of the Federal Reserve System, July 3, 2019. Yao-Chin Chao, Assistant Secretary of the Board. [FR Doc. 2019–14617 Filed 7–8–19; 8:45 am] BILLING CODE 6210–01–P DEPARTMENT OF HEALTH AND HUMAN SERVICES Administration for Children and Families [OMB #0970–0463] Submission for OMB Review; Comprehensive Child Welfare Information System (CCWIS) Children’s Bureau; Administration for Children and Families; HHS. ACTION: Request for public comment. AGENCY: The Administration for Children and Families (ACF) is requesting a revision of the CCWIS SUMMARY: PO 00000 Frm 00047 Fmt 4703 Sfmt 4703 32745 information collection authorized by the CCWIS Final Rule (81 FR 35450–35482). The Automated Function List and the Data Quality Plan are revised to be annual submissions of updates with no change to the burden hours per year. Initial submission of the Automated Function List, the Data Quality Plan, and the Notice of Intent have been removed, as we do not expect to receive more than the Paperwork Reduction Act (PRA) threshold in a single year. There are no required instruments associated with this data collection. Comments due within 30 days of publication. OMB is required to make a decision concerning the collection of information between 30 and 60 days after publication of this document in the Federal Register. Therefore, a comment is best assured of having its full effect if OMB receives it within 30 days of publication. DATES: Written comments and recommendations for the proposed information collection should be sent directly to the following: Office of Management and Budget, Paperwork Reduction Project, Email: OIRA_ SUBMISSION@OMB.EOP.GOV, Attn: Desk Officer for the Administration for Children and Families. Copies of the proposed collection may be obtained by emailing infocollection@ acf.hhs.gov. Alternatively, copies can also be obtained by writing to the Administration for Children and Families, Office of Planning, Research, and Evaluation, 330 C Street SW, Washington, DC 20201, Attn: OPRE Reports Clearance Officer. All requests, emailed or written, should be identified by the title of the information collection. ADDRESSES: SUPPLEMENTARY INFORMATION: Description: The CCWIS information collection includes two components: • The Automated Function List update required pursuant to § 1355.52(i)(2); • The Data Quality Plan update required pursuant to § 1355.52(d)(5). The CCWIS regulations require updates of this information to confirm that the project meets CCWIS requirements and that project costs are appropriately allocated to benefiting programs. Respondents: Title IV–E agencies under the Social Security Act. E:\FR\FM\09JYN1.SGM 09JYN1

Agencies

[Federal Register Volume 84, Number 131 (Tuesday, July 9, 2019)]
[Notices]
[Pages 32743-32745]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-14499]


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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 Disclosure and Reporting Requirements of the Community 
Reinvestment Act (CRA)-Related Agreements (Regulation G) (FR G; OMB No. 
7100-0299).

DATES: Comments must be submitted on or before September 9, 2019.

ADDRESSES: You may submit comments, identified by FR G, by any of the 
following methods:
     Agency website: http://www.federalreserve.gov. Follow the 
instructions for submitting comments at http://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 on 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 
Office of Management and Budget (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 Paperwork Reduction Act 
(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 http://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.

SUPPLEMENTARY INFORMATION: On June 15, 1984, OMB delegated to the Board 
authority under the 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

[[Page 32744]]

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 to approve under OMB delegated authority the extension for 
three years, without revision, of the following report:
    Report title: Disclosure and Reporting Requirements of the CRA-
Related Agreements (Regulation G).
    Agency form number: FR G.
    OMB control number: 7100-0299.
    Frequency: Quarterly, annually, and on occasion.
    Respondents: State member banks and their subsidiaries, bank 
holding companies, and savings and loan holding companies (Insured 
Depository Institutions (IDIs)); affiliates of bank holding companies 
and savings and loan holding companies, other than banks, savings 
associations, and subsidiaries of banks and savings associations; and 
nongovernmental entities or persons (NGEP) that enter into covered 
agreements with any of the aforementioned companies.
    Estimated number of respondents: Reporting: IDIs and affiliates--
Copy of agreements to agency, 2 respondents; List of agreements to 
agency, 2 respondents; Annual report, 2 respondents; and Filing NGEP 
annual report, 2 respondents; Reporting: NGEP--Copy of agreements to 
agency, 6 respondents; and Annual Report, 6 respondents; Disclosure: 
IDIs and affiliates--Covered agreements to public, 2 respondents; and 
Agreements relating to activities of CRA affiliates, 2 respondents; and 
Disclosure: NGEP--Covered agreements to public, 6 respondents.
    Estimated average hours per response: Reporting: IDIs and 
affiliates--Copy of agreements to agency, 1 hour; List of agreements to 
agency, 1 hour; Annual report, 4 hours; and Filing NGEP annual report, 
1 hour; Reporting: NGEP--Copy of agreements to agency, 1 hour; and 
Annual Report, 4 hours; Disclosure: IDIs and affiliates--Covered 
agreements to public, 1 hour; and Agreements relating to activities of 
CRA affiliates, 1 hour; and Disclosure: NGEP--Covered agreements to 
public, 1 hour.
    Estimated annual burden hours: Reporting: IDIs and affiliates--Copy 
of agreements to agency, 8 hours; List of agreements to agency, 8 
hours; Annual report, 8 hours; and Filing NGEP annual report, 6 hours; 
Reporting: NGEP--Copy of agreements to agency, 6 hours; and Annual 
Report, 24 hours; Disclosure: IDIs and affiliates--Covered agreements 
to public, 6 hours; and Agreements relating to activities of CRA 
affiliates, 6 hours; and Disclosure: NGEP--Covered agreements to 
public, 6 hours.
    General description of report: The Gramm-Leach-Bliley Act (GLBA) 
amended the Federal Deposit Insurance Act (FDI Act) by adding a new 
section 48, entitled ``CRA Sunshine Requirements.'' Section 48 imposes 
disclosure and reporting requirements on IDIs, their affiliates, and 
NGEPs that enter into written agreements that (1) are made in 
fulfillment of the CRA and (2) involve funds or other resources of an 
IDI or affiliate with an aggregate value of more than $10,000 in a 
year, or loans with an aggregate principal value of more than $50,000 
in a year. Section 48 excludes from the disclosure and reporting 
requirements any CRA-related agreement between an IDI or its affiliate, 
on the one hand, and an NGEP, on the other hand, if the NGEP has not 
contacted the IDI, its affiliate, or a federal banking agency 
concerning the CRA performance of the IDI.
    The GLBA directed the Board, as well as the other federal banking 
agencies, to issue consistent and comparable regulations to implement 
the requirements of section 48 of the FDI Act. In 2001, the agencies 
promulgated substantially identical regulations, which interpret the 
scope of written agreements that are subject to the statute and 
implement the disclosure and reporting requirements of section 48.\1\ 
The Board's Regulation G implements the provisions of the GLBA 
requiring both IDIs and NGEP to make a copy of any covered agreement 
available to the public and the appropriate federal banking agency, and 
to file an annual report with each appropriate federal banking agency 
regarding the use of funds under such agreement for that fiscal year. 
In addition, each calendar quarter, an IDI and its affiliates must 
provide to the appropriate federal banking agency a list of all covered 
agreements entered into during that quarter or a copy of the covered 
agreements.
---------------------------------------------------------------------------

    \1\ 12 CFR part 35 (Office of the Comptroller of the Currency); 
12 CFR part 207 (Board); 12 CFR part 346 (Federal Deposit Insurance 
Corporation).
---------------------------------------------------------------------------

    Legal authorization and confidentiality: The disclosure and 
reporting requirements of Regulation G are authorized pursuant to the 
authority of the Board to prescribe regulations to carry out the 
purposes of section 711 of GLBA.\2\ The obligation to comply with the 
disclosure and reporting requirements of Regulation G is mandatory. 
Because the disclosure and reporting requirements of section 711 and 
Regulation G require relevant parties to disclose covered agreements to 
the public, an entity subject to Regulation G would likely be unable to 
prevent the Board from releasing a covered agreement to the public.\3\ 
However, in the preamble to Regulation G, the Board stated that an 
entity subject to Regulation G may submit a public version of its 
covered agreements to the Board with a request for confidential 
treatment. The Board further stated that it would release this version 
to the public unless it received a request under the Freedom of 
Information Act (FOIA) for the entirety of the CRA-related agreement. 
In such case, information in the agreement may be protected from 
disclosure by FOIA exemptions (b)(4) (which protects ``trade secrets 
and commercial or financial information obtained from a person [that 
is] privileged and confidential'') \4\ and (b)(8) (which protects 
information contained in ``examination, operating,

[[Page 32745]]

or condition reports'' obtained in the bank supervisory process).\5\
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    \2\ 12 U.S.C. 1831y(h)(1).
    \3\ The Board noted in the preamble to Regulation G that section 
711 would require disclosure of some types of information that an 
agency might normally withhold from disclosure under the FOIA and 
that the Board would not keep information confidential under the 
FOIA that a party would be required to disclose under section 711. 
Disclosure and Reporting of CRA-Related Agreements, 66 FR 2052, 
2066-2067 (Jan. 10, 2001).
    \4\ 5 U.S.C. 552(b)(4).
    \5\ 5 U.S.C. 552(b)(8).

    Board of Governors of the Federal Reserve System, July 2, 2019.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2019-14499 Filed 7-8-19; 8:45 am]
 BILLING CODE 6210-01-P