Proposed Agency Information Collection Activities; Comment Request, 39841-39843 [2019-17190]
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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
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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:
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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: 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 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: https://
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
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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
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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:
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17:16 Aug 09, 2019
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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).
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39843
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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]
=======================================================================
-----------------------------------------------------------------------
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: 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 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: 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, 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
