Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 39844-39845 [2019-17189]
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39844
Federal Register / Vol. 84, No. 155 / Monday, August 12, 2019 / Notices
market risk rule; (4) have a formal
disclosure policy that addresses the
banking organization’s approach for
determining the market risk disclosures;
and (5) make certain public quantitative
disclosures.
The collections of information
provide current statistical data
identifying market risk areas on which
to focus onsite and offsite examinations.
They also allow the Board to assess the
levels and components of each reporting
institution’s risk-based capital
requirements for market risk and the
adequacy of the institution’s capital
under the market risk rule. Finally,
these collections of information ensure
capital adequacy of banking
organizations according to their level of
market risk and assist the Board in
implementing and validating the market
risk framework. There are no required
reporting forms associated with this
information collection.
Legal authorization and
confidentiality: The recordkeeping
provisions of the Market Risk Capital
Rule are authorized to be collected from
SMBs pursuant to sections 9(6) and 11
of the Federal Reserve Act; 4 from BHCs
pursuant to section 5(c) of the Bank
Holding Company Act (BHC Act) 5 and,
in some cases, section 165 of the DoddFrank Act; 6 from foreign banking
organizations (FBOs) pursuant to
section 8(a) of the International Banking
Act 7 and section 165 of the Dodd-Frank
Act; and from SLHCs pursuant to
section 10(b)(2) and (g) of the Home
Owners’ Loan Act (HOLA).8 Sections
9(6) and 11 of the Federal Reserve Act
authorize the Board to require SMBs to
submit reports, as necessary. Section
5(c) of the BHC Act authorizes the Board
to require BHCs to submit reports to the
Board regarding their financial
condition, and section 8(a) of the
International Banking Act subjects FBOs
to the provisions of the BHC Act.
Section 10 of HOLA authorizes the
Board to collect reports from SLHCs.
The information collections under FR
4201 are mandatory. The information
collected through the FR 4201 is
collected as part of the Board’s
supervisory process, and therefore may
be afforded confidential treatment
pursuant to exemption 8 of the Freedom
of Information Act (FOIA).9 In addition,
individual respondents may request that
certain data be afforded confidential
treatment pursuant to exemption 4 of
4 12
U.S.C. 324 and 248(a).
5 12 U.S.C. 1844(c).
6 12 U.S.C. 5365.
7 12 U.S.C. 3106(a).
8 12 U.S.C. 1467a(b)(2) and (g).
9 5 U.S.C. 552(b)(8).
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17:16 Aug 09, 2019
the FOIA if the data has not previously
been publically disclosed and the
release of the data would likely cause
substantial harm to the competitive
position of the respondent.10
Determinations of confidentiality based
on exemption 4 of the FOIA would be
made on a case-by-case basis.
Current actions: On April 9, 2019, the
Board published a notice in the Federal
Register (84 FR 14113) requesting
public comment for 60 days on the
extension, with revision, of the Market
Risk Capital Rule. The Board proposes
to revise the collections of information
associated with the market risk rule to
include the prior approvals a banking
organization must obtain from the Board
pursuant to sections 203(c)(1) and
204(a)(2)(vi)(B) of Regulation Q. These
revisions are intended to accurately
reflect the information collection
requirements of the market risk rule.
The comment period for this notice
expired on June 10, 2019. One public
comment was received but it was
outside the scope of the Board’s review
under the Paperwork Reduction Act
(PRA). The revisions will be
implemented as proposed.
Room 10235, 725 17th Street NW,
Washington, DC 20503, or by fax to
(202) 395–6974.
A copy of the Paperwork Reduction
Act (PRA) OMB submission, including
the reporting form and instructions,
supporting statement, and other
documentation will be placed into
OMB’s public docket files. These
documents also are 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 above.
SUPPLEMENTARY INFORMATION: On June
15, 1984, OMB delegated to the Board
authority under the PRA to approve and
assign OMB control numbers to
collections of information conducted or
sponsored by the Board. Boardapproved 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.
Board of Governors of the Federal Reserve
System, August 7, 2019.
Michele Taylor Fennell,
Assistant Secretary of the Board.
Final Approval Under OMB Delegated
Authority of the Extension for Three
Years, With Revision, of the Following
Information Collection
Report title: Notice Claiming Status as
an Exempt Transfer Agent.
Agency form number: FR 4013.
OMB control number: 7100–0137.
Effective date: August 12, 2019.
Frequency: On occasion.
Respondents: Banks, bank holding
companies (BHCs), savings and loan
holding companies (SLHCs), and certain
trust companies.
Estimated number of respondents: 2.
Estimated average hours per response:
2 hours.
Estimated annual burden hours: 4
hours.
General description of report: Transfer
agents, which are institutions that
provide securities transfer, registration,
monitoring, and other specified services
on behalf of securities issuers,1 are
generally subject to certain Securities
and Exchange Commission (SEC)
regulations. A transfer agent is Boardregulated if it is a state member bank or
a subsidiary thereof, a BHC, or an SLHC.
Certain transfer agent subsidiaries of
BHCs are also Board-regulated.2 A
[FR Doc. 2019–17191 Filed 8–9–19; 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 Notice
Claiming Status as an Exempt Transfer
Agent (FR 4013; OMB No. 7100–0137).
The revisions are applicable as of
August 12, 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.
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,
AGENCY:
10 5
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U.S.C. 552(b)(4).
Frm 00049
Fmt 4703
Sfmt 4703
1 See 15 U.S.C. 78c(25) (defining ‘‘transfer
agent’’).
2 A transfer agent subsidiary of a BHC is Boardregulated if the subsidiary is, or is a subsidiary of,
a bank, as defined by 15 U.S.C. 78c(6), that is not
a national bank, Federal savings association, a bank
insured by the Federal Deposit Insurance
Corporation, or a state savings association.
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12AUN1
Federal Register / Vol. 84, No. 155 / Monday, August 12, 2019 / Notices
Board-regulated transfer agent that
transfers and processes a low volume of
securities (a ‘‘low-volume transfer
agent’’) may request an exemption from
those regulations by filing with the
Board a notice (an ‘‘exemption notice’’)
certifying that it qualifies as a lowvolume transfer agent.
Legal authorization and
confidentiality: The FR 4013 is
authorized pursuant to sections 2,
17(a)(3), 17A(c), and 23(a) of the
Securities Exchange Act,3 which, among
other things, authorize the Board to
promulgate regulations and establish
recordkeeping and reporting
requirements with respect to Boardregistered transfer agents.4 The
exemption notice is mandatory for
Board-registered transfer agents seeking
the low-volume exemption. The
obligation to respond for the exemption
notice, therefore, is required to obtain a
benefit. The exemption disqualification
notice is mandatory for a transfer agent
that no longer qualifies for the
exemption. The information collected in
the FR 4013 regarding a Boardregistered transfer agent’s volume of
transactions is public information
through the filing and publication of the
transfer agents’ Form TA–2 with the
SEC. Therefore, individual respondent
data collected by the FR 4013 are not
confidential.
Current actions: On April 30, 2019,
the Board published a notice in the
Federal Register (84 FR 18285)
requesting public comment for 60 days
on the extension, with revision, of the
Notice Claiming Status as an Exempt
Transfer Agent. The FR 4013 is being
revised to account for the existing
regulatory requirement to file an
exemption disqualification notice under
certain circumstances. The comment
period for this notice expired on July 1,
2019. The Board did not receive any
comments. The revisions will be
implemented as proposed.
Board of Governors of the Federal Reserve
System, August 7, 2019.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2019–17189 Filed 8–9–19; 8:45 am]
jspears on DSK3GMQ082PROD with NOTICES
BILLING CODE 6210–01–P
3 15
U.S.C. 78b, 78q(a)(3), 78q–1(c), and 78w(a).
the Board also has the authority to
require reports from bank holding companies (12
U.S.C. 1844(c)), savings and loan holding
companies (12 U.S.C. 1467a(b) and (g)), and state
member banks (12 U.S.C. 248(a) and 324).
4 Additionally,
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17:16 Aug 09, 2019
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FEDERAL RESERVE SYSTEM
Proposed Agency Information
Collection Activities; Comment
Request
Board of Governors of the
Federal Reserve System.
ACTION: Notice, request for comment.
AGENCY:
The Board of Governors of the
Federal Reserve System (Board) invites
comment on a proposal to extend for
three years, with revision, the Reporting
and Disclosure Requirements Related to
Securities of State Member Banks as
Required by Regulation H (FR H–1;
OMB No. 7100–0091).
DATES: Comments must be submitted on
or before October 11, 2019.
ADDRESSES: You may submit comments,
identified by FR H–1, 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 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 form 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.
SUMMARY:
PO 00000
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Fmt 4703
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39845
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
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.
FOR FURTHER INFORMATION CONTACT:
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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12AUN1
Agencies
[Federal Register Volume 84, Number 155 (Monday, August 12, 2019)]
[Notices]
[Pages 39844-39845]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-17189]
-----------------------------------------------------------------------
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
Notice Claiming Status as an Exempt Transfer Agent (FR 4013; OMB No.
7100-0137). The revisions are applicable as of August 12, 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.
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.
A copy of the Paperwork Reduction Act (PRA) OMB submission,
including the reporting form and instructions, supporting statement,
and other documentation will be placed into OMB's public docket files.
These documents also are 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 above.
SUPPLEMENTARY INFORMATION: On June 15, 1984, OMB delegated to the Board
authority under the PRA to approve and assign OMB control numbers to
collections of information 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.
Final Approval Under OMB Delegated Authority of the Extension for Three
Years, With Revision, of the Following Information Collection
Report title: Notice Claiming Status as an Exempt Transfer Agent.
Agency form number: FR 4013.
OMB control number: 7100-0137.
Effective date: August 12, 2019.
Frequency: On occasion.
Respondents: Banks, bank holding companies (BHCs), savings and loan
holding companies (SLHCs), and certain trust companies.
Estimated number of respondents: 2.
Estimated average hours per response: 2 hours.
Estimated annual burden hours: 4 hours.
General description of report: Transfer agents, which are
institutions that provide securities transfer, registration,
monitoring, and other specified services on behalf of securities
issuers,\1\ are generally subject to certain Securities and Exchange
Commission (SEC) regulations. A transfer agent is Board-regulated if it
is a state member bank or a subsidiary thereof, a BHC, or an SLHC.
Certain transfer agent subsidiaries of BHCs are also Board-
regulated.\2\ A
[[Page 39845]]
Board-regulated transfer agent that transfers and processes a low
volume of securities (a ``low-volume transfer agent'') may request an
exemption from those regulations by filing with the Board a notice (an
``exemption notice'') certifying that it qualifies as a low-volume
transfer agent.
---------------------------------------------------------------------------
\1\ See 15 U.S.C. 78c(25) (defining ``transfer agent'').
\2\ A transfer agent subsidiary of a BHC is Board-regulated if
the subsidiary is, or is a subsidiary of, a bank, as defined by 15
U.S.C. 78c(6), that is not a national bank, Federal savings
association, a bank insured by the Federal Deposit Insurance
Corporation, or a state savings association.
---------------------------------------------------------------------------
Legal authorization and confidentiality: The FR 4013 is authorized
pursuant to sections 2, 17(a)(3), 17A(c), and 23(a) of the Securities
Exchange Act,\3\ which, among other things, authorize the Board to
promulgate regulations and establish recordkeeping and reporting
requirements with respect to Board-registered transfer agents.\4\ The
exemption notice is mandatory for Board-registered transfer agents
seeking the low-volume exemption. The obligation to respond for the
exemption notice, therefore, is required to obtain a benefit. The
exemption disqualification notice is mandatory for a transfer agent
that no longer qualifies for the exemption. The information collected
in the FR 4013 regarding a Board-registered transfer agent's volume of
transactions is public information through the filing and publication
of the transfer agents' Form TA-2 with the SEC. Therefore, individual
respondent data collected by the FR 4013 are not confidential.
---------------------------------------------------------------------------
\3\ 15 U.S.C. 78b, 78q(a)(3), 78q-1(c), and 78w(a).
\4\ Additionally, the Board also has the authority to require
reports from bank holding companies (12 U.S.C. 1844(c)), savings and
loan holding companies (12 U.S.C. 1467a(b) and (g)), and state
member banks (12 U.S.C. 248(a) and 324).
---------------------------------------------------------------------------
Current actions: On April 30, 2019, the Board published a notice in
the Federal Register (84 FR 18285) requesting public comment for 60
days on the extension, with revision, of the Notice Claiming Status as
an Exempt Transfer Agent. The FR 4013 is being revised to account for
the existing regulatory requirement to file an exemption
disqualification notice under certain circumstances. The comment period
for this notice expired on July 1, 2019. The Board did not receive any
comments. The revisions will be implemented as proposed.
Board of Governors of the Federal Reserve System, August 7,
2019.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2019-17189 Filed 8-9-19; 8:45 am]
BILLING CODE 6210-01-P