Proposed Agency Information Collection Activities; Comment Request, 32743-32745 [2019-14499]
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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: https://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: https://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: https://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: https://
www.federalreserve.gov. Follow the
instructions for submitting comments at
https://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.
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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 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.
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
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khammond on DSKBBV9HB2PROD with NOTICES
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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
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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).
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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:
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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.
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]]>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]
-----------------------------------------------------------------------
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: 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 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 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.
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.
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\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).
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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
