Proposed Agency Information Collection Activities; Comment Request, 39841-39843 [2019-17190]

Download as PDF Federal Register / Vol. 84, No. 155 / Monday, August 12, 2019 / Notices 39841 TABLE III—TEST INFORMATION RECEIVED FROM 06/01/2019 TO 06/30/2019 Case No. Received date Type of test information P–16–0150 ..... 6/10/2019 P–16–0543 ..... P–17–0339– 0342. P–18–0141 ..... 6/21/2019 6/26/2019 P–18–0263 ..... 6/27/2019 P–18–0352 ..... 6/17/2019 P–19–0073 ..... 6/13/2019 6/5/2019 A 2-Week Toxicity Study of [claimed CBI] by Whole-Body Inhalation in CD–1 Mice (OECD 412); and A 2-Week Toxicity Study of [claimed CBI] by Whole-Body Inhalation in Rats (OECD 412). Exposure Monitoring Report ....................... Supplemental Phase Transition ................. Acute Inhalation Toxicity with Substance 2 in the Rat (Nose Only) (Acute Toxic Class Method). GPC Report ................................................ Growth Inhibition of [claimed CBI] for Green Algae (Raphidocelis subcapitata) (OECD 201), Static Acute Toxicity of [claimed CBI] to Daphnia Magna (OECD 202), Determination of the Ready Biodegradability of [claimed CBI] (OECD 301D). Acute Toxicity to Fish (OECD 203), Local Lymph Node Assay in Mice (OECD 442B). If you are interested in information that is not included in these tables, you may contact EPA’s technical information contact or general information contact as described under FOR FURTHER INFORMATION CONTACT to access additional non-CBI information that may be available. Authority: 15 U.S.C. 2601 et seq. Dated: July 30, 2019. Pamela Myrick, Director, Information Management Division, Office of Pollution Prevention and Toxics. [FR Doc. 2019–17149 Filed 8–9–19; 8:45 am] BILLING CODE 6560–50–P [FCC 19–3] Establishment of the Fraud Division of the Enforcement Bureau Federal Communications Commission. ACTION: Notice. AGENCY: To reflect the activities, structure, and purpose of the Enforcement Bureau (EB), and the importance of protecting against fraud in programs that the Commission oversees, the Commission concluded that the public interest—namely, the proper dispatch of our business—would be served by creating an EB division specifically dedicated to investigating and pursuing fraud. This division will be called the Fraud Division. The purpose of this Order is to create a jspears on DSK3GMQ082PROD with NOTICES SUMMARY: 17:16 Aug 09, 2019 (G) Chlorofluorocarbon. (G) Halogenophosphoric acid metal salt. (S) Poly(oxy-1,2-ethanediyl), a-(2-butyloctyl)-w-hydroxy-. (G) Ethyl modified lactam. (G) Mixed alkyl esters-, polymer with N1-(2-aminoethyl)- l,2ethanediamine, aziridine, N-acetyl derivs., acetates (salts), (G) Poly(hetero(alkyl-1,2-alkenyl)], alpha-[[[3-(1heteromonocycle)alkyl)substituted heteroatom]heteroatomsubstituted alkyl]]-omega-[[[[3-(1heteromonocycle)alkyl]]substituted heteroatom] heteroatomsubstituted alkyl]]heteroatom]-. (G) Propoxylated, ethoxylated alkoxyalkyl ether. division comprised of existing EB staff that will be dedicated to taking enforcement actions against fraud in the Universal Service Fund and other funding programs that the Commission oversees. The Fraud Division will work with the Office of Inspector General and other law enforcement agencies, as appropriate, and will consist of the individuals who now focus on fraud cases. Establishing this division will capitalize on and enhance the Commission’s expertise in rooting out fraud in programs over which the FCC has jurisdiction. August 13, 2019. ADDRESSES: The complete text of this document is also available for inspection and copying during normal business hours in the FCC Reference Information Center, Portals II, 445 12th Street SW, Rm. CY–A257, Washington, DC 20554. FOR FURTHER INFORMATION CONTACT: Lisa Gelb, 202–418–2019. SUPPLEMENTARY INFORMATION: The Commission finds that this change will be structural rather than substantive, and will not require change to the FCC’s rules. The amendments adopted herein pertain to agency organization, procedure, and practice. Consequently, the notice and comment and effective date provisions of the Administrative Procedure Act contained in 5 U.S.C. 553(b) and (d) do not apply. Accordingly, it is ordered that, pursuant to sections 1, 4, 5(b), 5(c), 201(b), and 303(r) of the Communications Act of 1934, as amended, 47 U.S.C. 151, 154, DATES: FEDERAL COMMUNICATIONS COMMISSION VerDate Sep<11>2014 Chemical substance Jkt 247001 PO 00000 Frm 00046 Fmt 4703 Sfmt 4703 155(b), 155(c), 201(b), 303(r), this Order is adopted. This is a summary of the Commission’s Order, FCC 19–3, adopted on January 29, 2019, and released on February 4, 2019. The document is available for download from the FCC’s website at: https://www.fcc.gov/ document/establishment-fraud-divisionenforcement-bureau. Federal Communications Commission. Marlene Dortch, Secretary. [FR Doc. 2019–16388 Filed 8–9–19; 8:45 am] BILLING CODE 6712–01–P FEDERAL RESERVE SYSTEM Proposed Agency Information Collection Activities; Comment Request Board of Governors of the Federal Reserve System. ACTION: Notice, request for comment. AGENCY: The Board of Governors of the Federal Reserve System (Board) invites comment on a proposal to extend for three years, with revision, the Notice of Mutual Holding Company Reorganization (FR MM–10(o)–1), Application for Approval of a Stock Issuance by a Subsidiary Holding Company of a Mutual Holding Company (FR MM–10(o)–2), Application for Conversion of a Mutual Holding Company to Stock Form (FR FR MM– AC), Proxy Statement (FR MM–PS), Offering Circular (FR MM–OC), and SUMMARY: E:\FR\FM\12AUN1.SGM 12AUN1 jspears on DSK3GMQ082PROD with NOTICES 39842 Federal Register / Vol. 84, No. 155 / Monday, August 12, 2019 / Notices Order Form (FR MM–OF) (OMB No. 7100–0340). DATES: Comments must be submitted on or before October 11, 2019. ADDRESSES: You may submit comments, identified by FR MM–10(o)–1, FR MM– 10(o)–2, FR MM–AC, FR MM–PS, FR MM–OC and FR MM–OF, 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: 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 OMB Desk Officer—Shagufta Ahmed—Office of Information and Regulatory Affairs, Office of Management and Budget, New Executive Office Building, Room 10235, 725 17th Street NW, Washington, DC 20503, or by fax to (202) 395–6974. FOR FURTHER INFORMATION CONTACT: A copy of the PRA OMB submission, including the proposed reporting form and instructions, supporting statement, and other documentation will be placed into OMB’s public docket files, once 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. VerDate Sep<11>2014 17:16 Aug 09, 2019 Jkt 247001 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, the Office of Management and Budget (OMB) delegated to the Board authority under the Paperwork Reduction Act (PRA) to approve and assign OMB control numbers to collection of information requests and requirements conducted or sponsored by the Board. In exercising this delegated authority, the Board is directed to take every reasonable step to solicit comment. In determining whether to approve a collection of information, the Board will consider all comments received from the public and other agencies. Request for Comment on Information Collection Proposal The Board invites public comment on the following information collection, which is being reviewed under authority delegated by the OMB under the PRA. Comments are invited on the following: a. Whether the proposed collection of information is necessary for the proper performance of the Board’s functions, including whether the information has practical utility; b. The accuracy of the Board’s estimate of the burden of the proposed information collection, including the validity of the methodology and assumptions used; c. Ways to enhance the quality, utility, and clarity of the information to be collected; d. Ways to minimize the burden of information collection on respondents, including through the use of automated collection techniques or other forms of information technology; and e. Estimates of capital or startup costs and costs of operation, maintenance, and purchase of services to provide information. At the end of the comment period, the comments and recommendations received will be analyzed to determine the extent to which the Board should modify the proposal prior to giving final approval. Proposal Under OMB Delegated Authority To Extend for Three Years, With Revision, the Following Information Collections Report title: Notice of Mutual Holding Company Reorganization, Application for Approval of a Stock Issuance by a Subsidiary Holding Company of a Mutual Holding Company, Application PO 00000 Frm 00047 Fmt 4703 Sfmt 4703 for Conversion of a Mutual Holding Company to Stock Form, Proxy Statement, Offering Circular, and Order Form. Agency form number: FR MM–10(o)– 1, FR MM–10(o)–2, FR MM–AC, FR MM–PS, FR MM–OC, and FR MM–OF. OMB control number: 7100–0340. Frequency: On occasion. Respondents: Mutual savings associations that wish to reorganize to form a mutual holding company under the Home Owner’s Loan Act, subsidiary holding companies of a mutual holding company, mutual holding companies, members of applying mutual organizations. Estimated number of respondents: FR MM–10(o)–1: 4; FR MM–10(o)–2: 1; FR MM–AC: 2; FR MM–PS: 1; FR MM–OC: 1; and FR MM–OF: 1. Estimated average hours per response: FR MM–10(o)–1: 60; FR MM–10(o)–2: 30; FR MM–AC: 60; FR MM–PS: 50; FR MM–OC: 50; and FR MM–OF: 1. Estimated annual burden hours: FR MM–10(o)–1: 240; FR MM–10(o)–2: 30; FR MM–AC: 120; FR MM–PS: 50; FR MM–OC: 50; and FR MM–OF: 1. General description of report: The Mutual Holding Company (MHC) Forms consist of information that must be filed in connection with certain proposals involving savings and loan holding companies that are organized in mutual form (MHCs), including the reorganization of a savings association into MHC form, stock issuances of holding company subsidiaries of MHCs, and conversions of MHCs to stock form. The Board requires the submission of these filings to allow the Board to fulfill its obligations to review such transactions under section 10(o) of the Home Owners’ Loan Act, as amended (HOLA) (12 U.S.C. 1467a(o)), and the Board’s Regulation MM (12 CFR part 239). The Board uses the information submitted by an applicant or notificant to evaluate these transactions with respect to the relevant statutory and regulatory factors. Proposed revisions: The Board proposes numerous revisions to the MHC Forms, which were originally drafted by the Office of Thrift Supervision (OTS) when it supervised MHCs. Since supervisory functions of the OTS relating to savings and loan holding companies and MHCs were transferred to the Board, many of the proposed changes would modify the MHC Forms to make the forms consistent with the format of other Board forms. Additionally, the proposal includes revisions meant to (1) reduce the amount and types of data requested, (2) incorporate information on the Board’s policies and procedures for E:\FR\FM\12AUN1.SGM 12AUN1 Federal Register / Vol. 84, No. 155 / Monday, August 12, 2019 / Notices processing applications, (3) improve the clarity of the information requests, (4) reflect the impact of new laws, regulations, capital requirements, and accounting rules, (5) delete unnecessary information requests, and (6) improve or update grammar, comprehension, citations, and mailing addresses. The revisions are also intended to ensure that initial filings include the information the Federal Reserve System (Federal Reserve) requires to evaluate a transaction and thereby reduce the need for subsequent information requests. Legal authorization and confidentiality: The MHC Forms are authorized pursuant to section 10(o) of HOLA, as amended (12 U.S.C. 1467a(o)). That section requires the Board to review transactions involving the reorganization of a savings association into MHC form, stock issuances of holding company subsidiaries of MHCs, and conversions of MHCs to stock form. The Board also has the authority to require reports from savings and loan holding companies (SLHCs) under Section 10(a) and (b) of HOLA (12 U.S.C. 1467a(b) and (g)). The MHC Forms are mandatory. Individual respondents may request that certain information submitted on the MHC Forms be kept confidential on a case-by-case basis. If a respondent requests confidential treatment, the Board will determine whether the information is entitled to confidential treatment on an ad hoc basis. Requests may include information related to the SLHC’s business operations, such as terms and sources of the funding for dividends and pro forma balance sheets. This information may be kept confidential under exemption 4 for the Freedom of Information Act, which protects privileged or confidential commercial or financial information (5 U.S.C. 552(b)(4)). Board of Governors of the Federal Reserve System, August 7, 2019. Michele Taylor Fennell, Assistant Secretary of the Board. [FR Doc. 2019–17190 Filed 8–9–19; 8:45 am] BILLING CODE 6210–01–P jspears on DSK3GMQ082PROD with NOTICES 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 Market Risk AGENCY: VerDate Sep<11>2014 17:16 Aug 09, 2019 Jkt 247001 Capital Rule (FR 4201; OMB No. 7100– 0314). DATES: The revisions are applicable immediately. 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. 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, With Revision, of the Following Information Collection Report title: Market Risk Capital Rule. Agency form number: FR 4201. OMB control number: 7100–0314. Effective Date: Immediately. Frequency: Reporting, annually; Recordkeeping, annually; Disclosure, annually and quarterly. Respondents: Bank holding companies (BHCs), savings and loan holding companies (SLHCs), intermediate holding companies (IHCs), and state member banks (SMBs) that meet certain risk thresholds. The market risk rule applies to any such banking organization with aggregate trading assets and trading liabilities equal to (1) 10 percent or more of quarter-end total assets or (2) $1 billion or more.1 Estimated number of respondents: 37. Estimated average hours per response: Reporting, 1,088; Recordkeeping, 220; Disclosure, 68. Estimated annual burden hours: 13,148. General description of report: The market risk rule, which requires banking organizations to hold capital to cover their exposure to market risk, is an important component of the Board’s regulatory capital framework (12 CFR part 217; Regulation Q). The Board may exclude a banking organization that is subject to the market risk rule if the Board determines that the exclusion is appropriate based on the level of market risk of the banking organization and is consistent with safe and sound banking practices.2 The Board may further apply the market risk rule to any other banking organization if the Board deems it necessary or appropriate because of the level of market risk of the banking organization or to ensure safe and sound banking practices.3 The Board’s market risk rule requires a subject banking organization to obtain the approval of the Board prior to (1) using any internal model to calculate its risk-based capital requirements under subpart F of the Board’s Regulation Q; (2) including in its capital requirement for de minimis exposures the capital requirement for any de minimis exposures using alternative techniques that appropriately measure the market risk associated with those exposures; (3) including portfolios of equity positions in its incremental risk model if the banking organization measures the specific risk of a portfolio of debt positions using internal models; or (4) using the method specified in section 209(a) of Regulation Q to measure comprehensive risk for one or more portfolios of correlation trading positions. A subject banking organization also must obtain the prior approval of the Board for, and notify the Board if the banking organization makes any material changes to, the policies and procedures required by section 206(b)(3) of Regulation Q. Further, the market risk rule requires subject banking organizations to (1) have clearly defined policies and procedures for determining which trading assets and trading liabilities are trading positions and which trading positions are correlation trading positions; (2) have clearly defined trading and hedging strategies for trading positions; (3) retain certain financial and statistical information regarding the institution’s Board-approved subportfolios of its portfolio exposures subject to the 2 12 1 12 PO 00000 CFR 217.201(b)(1). Frm 00048 Fmt 4703 3 12 Sfmt 4703 39843 E:\FR\FM\12AUN1.SGM CFR 217.201(b)(3). CFR 217.201(b)(2). 12AUN1

Agencies

[Federal Register Volume 84, Number 155 (Monday, August 12, 2019)]
[Notices]
[Pages 39841-39843]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-17190]


=======================================================================
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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, with revision, 
the Notice of Mutual Holding Company Reorganization (FR MM-10(o)-1), 
Application for Approval of a Stock Issuance by a Subsidiary Holding 
Company of a Mutual Holding Company (FR MM-10(o)-2), Application for 
Conversion of a Mutual Holding Company to Stock Form (FR FR MM-AC), 
Proxy Statement (FR MM-PS), Offering Circular (FR MM-OC), and

[[Page 39842]]

Order Form (FR MM-OF) (OMB No. 7100-0340).

DATES: Comments must be submitted on or before October 11, 2019.

ADDRESSES: You may submit comments, identified by FR MM-10(o)-1, FR MM-
10(o)-2, FR MM-AC, FR MM-PS, FR MM-OC and FR MM-OF, 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 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 
OMB Desk Officer--Shagufta Ahmed--Office of Information and Regulatory 
Affairs, Office of Management and Budget, New Executive Office 
Building, Room 10235, 725 17th Street NW, Washington, DC 20503, or by 
fax to (202) 395-6974.

FOR FURTHER INFORMATION CONTACT: A copy of the PRA OMB submission, 
including the proposed reporting form and instructions, supporting 
statement, and other documentation will be placed into OMB's public 
docket files, once 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, the Office of Management 
and Budget (OMB) delegated to the Board authority under the Paperwork 
Reduction Act (PRA) to approve and assign OMB control numbers to 
collection of information requests and requirements conducted or 
sponsored by the Board. In exercising this delegated authority, the 
Board is directed to take every reasonable step to solicit comment. In 
determining whether to approve a collection of information, the Board 
will consider all comments received from the public and other agencies.

Request for Comment on Information Collection Proposal

    The Board invites public comment on the following information 
collection, which is being reviewed under authority delegated by the 
OMB under the PRA. Comments are invited on the following:
    a. Whether the proposed collection of information is necessary for 
the proper performance of the Board's functions, including whether the 
information has practical utility;
    b. The accuracy of the Board's estimate of the burden of the 
proposed information collection, including the validity of the 
methodology and assumptions used;
    c. Ways to enhance the quality, utility, and clarity of the 
information to be collected;
    d. Ways to minimize the burden of information collection on 
respondents, including through the use of automated collection 
techniques or other forms of information technology; and
    e. Estimates of capital or startup costs and costs of operation, 
maintenance, and purchase of services to provide information.
    At the end of the comment period, the comments and recommendations 
received will be analyzed to determine the extent to which the Board 
should modify the proposal prior to giving final approval.

Proposal Under OMB Delegated Authority To Extend for Three Years, With 
Revision, the Following Information Collections

    Report title: Notice of Mutual Holding Company Reorganization, 
Application for Approval of a Stock Issuance by a Subsidiary Holding 
Company of a Mutual Holding Company, Application for Conversion of a 
Mutual Holding Company to Stock Form, Proxy Statement, Offering 
Circular, and Order Form.
    Agency form number: FR MM-10(o)-1, FR MM-10(o)-2, FR MM-AC, FR MM-
PS, FR MM-OC, and FR MM-OF.
    OMB control number: 7100-0340.
    Frequency: On occasion.
    Respondents: Mutual savings associations that wish to reorganize to 
form a mutual holding company under the Home Owner's Loan Act, 
subsidiary holding companies of a mutual holding company, mutual 
holding companies, members of applying mutual organizations.
    Estimated number of respondents: FR MM-10(o)-1: 4; FR MM-10(o)-2: 
1; FR MM-AC: 2; FR MM-PS: 1; FR MM-OC: 1; and FR MM-OF: 1.
    Estimated average hours per response: FR MM-10(o)-1: 60; FR MM-
10(o)-2: 30; FR MM-AC: 60; FR MM-PS: 50; FR MM-OC: 50; and FR MM-OF: 1.
    Estimated annual burden hours: FR MM-10(o)-1: 240; FR MM-10(o)-2: 
30; FR MM-AC: 120; FR MM-PS: 50; FR MM-OC: 50; and FR MM-OF: 1.
    General description of report: The Mutual Holding Company (MHC) 
Forms consist of information that must be filed in connection with 
certain proposals involving savings and loan holding companies that are 
organized in mutual form (MHCs), including the reorganization of a 
savings association into MHC form, stock issuances of holding company 
subsidiaries of MHCs, and conversions of MHCs to stock form. The Board 
requires the submission of these filings to allow the Board to fulfill 
its obligations to review such transactions under section 10(o) of the 
Home Owners' Loan Act, as amended (HOLA) (12 U.S.C. 1467a(o)), and the 
Board's Regulation MM (12 CFR part 239). The Board uses the information 
submitted by an applicant or notificant to evaluate these transactions 
with respect to the relevant statutory and regulatory factors.
    Proposed revisions: The Board proposes numerous revisions to the 
MHC Forms, which were originally drafted by the Office of Thrift 
Supervision (OTS) when it supervised MHCs. Since supervisory functions 
of the OTS relating to savings and loan holding companies and MHCs were 
transferred to the Board, many of the proposed changes would modify the 
MHC Forms to make the forms consistent with the format of other Board 
forms. Additionally, the proposal includes revisions meant to (1) 
reduce the amount and types of data requested, (2) incorporate 
information on the Board's policies and procedures for

[[Page 39843]]

processing applications, (3) improve the clarity of the information 
requests, (4) reflect the impact of new laws, regulations, capital 
requirements, and accounting rules, (5) delete unnecessary information 
requests, and (6) improve or update grammar, comprehension, citations, 
and mailing addresses. The revisions are also intended to ensure that 
initial filings include the information the Federal Reserve System 
(Federal Reserve) requires to evaluate a transaction and thereby reduce 
the need for subsequent information requests.
    Legal authorization and confidentiality: The MHC Forms are 
authorized pursuant to section 10(o) of HOLA, as amended (12 U.S.C. 
1467a(o)). That section requires the Board to review transactions 
involving the reorganization of a savings association into MHC form, 
stock issuances of holding company subsidiaries of MHCs, and 
conversions of MHCs to stock form. The Board also has the authority to 
require reports from savings and loan holding companies (SLHCs) under 
Section 10(a) and (b) of HOLA (12 U.S.C. 1467a(b) and (g)). The MHC 
Forms are mandatory.
    Individual respondents may request that certain information 
submitted on the MHC Forms be kept confidential on a case-by-case 
basis. If a respondent requests confidential treatment, the Board will 
determine whether the information is entitled to confidential treatment 
on an ad hoc basis. Requests may include information related to the 
SLHC's business operations, such as terms and sources of the funding 
for dividends and pro forma balance sheets. This information may be 
kept confidential under exemption 4 for the Freedom of Information Act, 
which protects privileged or confidential commercial or financial 
information (5 U.S.C. 552(b)(4)).

    Board of Governors of the Federal Reserve System, August 7, 
2019.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2019-17190 Filed 8-9-19; 8:45 am]
 BILLING CODE 6210-01-P