Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 40054-40055 [2019-17260]

Download as PDF 40054 Federal Register / Vol. 84, No. 156 / Tuesday, August 13, 2019 / Notices funds and the procedures for filing such a request. The comment period for this notice expired on June 18, 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. Woodlands, Texas, and thereby indirectly acquire Woodforest National Bank, Houston, Texas. Board of Governors of the Federal Reserve System, August 8, 2019. Yao-Chin Chao, Assistant Secretary of the Board. [FR Doc. 2019–17319 Filed 8–12–19; 8:45 am] BILLING CODE 6210–01–P [FR Doc. 2019–17266 Filed 8–12–19; 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 FEDERAL RESERVE SYSTEM jspears on DSK3GMQ082PROD 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 September 11, 2019. A. Federal Reserve Bank of Dallas (Robert L. Triplett III, Senior Vice President) 2200 North Pearl Street, Dallas, Texas 75201–2272: 1. Woodforest Financial Group Employee Stock Ownership Plan (with 401(k) Provisions) and the related Woodforest Financial Group Employee Stock Ownership Trust, both of The Woodlands, Texas; to acquire up to 30 percent of the voting shares of Woodforest Financial Group, Inc., The VerDate Sep<11>2014 17:51 Aug 12, 2019 Jkt 247001 Board of Governors of the Federal Reserve System. AGENCY: SUMMARY: The Board of Governors of the Federal Reserve System (Board) is adopting a proposal to extend for three years, without revision, the Written Security Program for State Member Banks (FR 4004; OMB No. 7100–0112). 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. 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. SUPPLEMENTARY INFORMATION: PO 00000 Frm 00035 Fmt 4703 Sfmt 4703 Final Approval Under OMB Delegated Authority of the Extension for Three Years, Without Revision, of the Following Information Collection Report title: Written Security Program for State Member Banks. Agency form number: FR 4004. OMB control number: 7100–0112. Frequency: On occasion. Respondents: State member banks. Estimated number of respondents: 26. Estimated average hours per response: 1 hour. Estimated annual burden hours: 26. General description of report: This information collection arises from a recordkeeping requirement contained in section 208.61 of the Board’s Regulation H, which requires each state member bank to develop and maintain a written security program for the bank’s main office and branches within 180 days of becoming a member of the Federal Reserve System. There is no formal reporting form for this collection of information (the FR 4004 designation is for internal purposes only), and the information is not submitted to the Federal Reserve System. Legal authorization and confidentiality: The FR 4004 recordkeeping requirement is authorized by section 3 of the Bank Protection Act of 1968, which requires federal banking agencies to issue rules establishing minimum standards for banks with respect to the installation, maintenance, and operation of security devices and procedures to discourage robberies, burglaries, and larcenies and to assist in the identification and apprehension of persons who commit such acts.1 The FR 4004 is mandatory. Because there is no reporting requirement associated with this recordkeeping requirement, the issue of confidentiality does not normally arise. If a bank’s written security program were retained during the course of an examination, it may be exempt from disclosure under exemption 8 of the Freedom of Information Act (FOIA), which protects bank examination material.2 In addition, the records may also be exempt from disclosure under exemption 4 of the FOIA, which protects from disclosure ‘‘trade secrets and commercial or financial information obtained from a person [that is] privileged or confidential.’’ 3 Current actions: On April 19, 2019, the Board published a notice in the Federal Register (84 FR 16492) requesting public comment for 60 days on the extension, without revision, of 1 12 U.S.C. 1882(a). U.S.C. 552(b)(8). 3 12 U.S.C. 552(b)(4). 25 E:\FR\FM\13AUN1.SGM 13AUN1 Federal Register / Vol. 84, No. 156 / Tuesday, August 13, 2019 / Notices Board of Governors of the Federal Reserve System, August 7, 2019. Michele Taylor Fennell, Assistant Secretary of the Board. [FR Doc. 2019–17260 Filed 8–12–19; 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 Request for Extension of Time to Dispose of Assets Acquired in Satisfaction of Debts Previously Contracted (FR 4006; OMB No. 7100–0129). 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 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 Federal Reserve 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 Paperwork Reduction Act (PRA) to approve and assign OMB control numbers to collection 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 jspears on DSK3GMQ082PROD with NOTICES VerDate Sep<11>2014 17:51 Aug 12, 2019 Jkt 247001 for up to five additional years (for a total of 10 years). Pursuant to section 225.12(b) of Regulation Y, a BHC may Final Approval Under OMB Delegated request an extension of the section 3(a) Authority of the Extension for Three holding period for voting securities of a Years, With Revision, of the Following bank or BHC acquired in the ordinary Information Collection course of collecting a DPC in good faith. Report title: Request for Extension of Pursuant to section 225.22(d)(1) of Time to Dispose of Assets Acquired in Regulation Y, a BHC may request an Satisfaction of Debts Previously extension of the section 4(c)(2) holding Contracted (DPC). period for voting securities or assets of Agency form number: FR 4006. a nonbanking company acquired in the OMB control number: 7100–0129. ordinary course of collecting a DPC in Frequency: Event-generated. good faith. The FR 4006 is required to Respondents: Bank holding obtain the benefit of being permitted to companies (BHCs). retain ownership, for more than two Estimated number of respondents: years, of voting securities or assets Section 3(a) DPC: 21; Section 4(c)(2) acquired in the ordinary course of DPC: 42. collection of a DPC. Individual Estimated average hours per response: respondents may request that Section 3(a) DPC: 5 hours; Section information submitted to the Board, 4(c)(2) DPC: 5 hours. pursuant to sections 225.12(b) and Estimated annual burden hours: 225.22(d) of Regulation Y, be kept Section 3(a) DPC: 105 hours; Section 4 confidential on a case-by-case basis. (c)(2) DPC: 210 hours. Such requests generally contain General description of report: The information related to how the BHC Bank Holding Company Act (BHC Act) acquired shares or assets and the plans and the Board’s Regulation Y require a of the BHC to divest the shares or assets. BHC that acquired voting securities or Under certain circumstances, this assets through foreclosure or otherwise information may qualify under in the ordinary course of collecting a exemption 4 of the Freedom of DPC to seek prior Board approval in Information Act, which protects order to retain ownership of those privileged or confidential commercial or shares or assets for more than two years. financial information (5 U.S.C. There are no required formal reporting 552(b)(4)). forms associated with this information Current actions: On April 3, 2019, the collection (the FR 4006 designation is Board published a notice in the Federal for internal purposes only). Instead, a Register (84 FR 13044) requesting BHC is required to submit any extension public comment for 60 days on the request to the Reserve Bank that has extension, with revision, of the Request direct supervisory responsibility for the for Extension of Time to Dispose of requesting BHC. The Board uses the Assets Acquired in Satisfaction of Debts information provided in the request to Previously Contracted (DPC). The Board fulfill its statutory obligation to will revise the FR 4006 to account for supervise BHCs. requests for an extension of the section Legal authorization and 3(a) holding period for bank DPC confidentiality: The FR 4006 is property pursuant to section 225.12(b) authorized pursuant to sections 3(a) and of the Board’s Regulation Y. The FR 4(c)(2) of the BHC Act 1 and sections 4006 currently does not account for this 225.12(b) and 225.22(d) of Regulation collection of information. The comment Y.2 Under sections 3(a) and 4(c)(2) of the period for this notice expired on June 3, BHC Act and sections 225.12(b) and 2019. The Board did not receive any 225.22(d)(1) of the Board’s Regulation Y, comments. The revision will be a BHC is not required to seek prior implemented as proposed. Board approval before acquiring Board of Governors of the Federal Reserve securities or assets in the ordinary System, August 7, 2019. course of collecting a DPC in good faith, Michele Taylor Fennell, if such securities or assets (the ‘‘DPC property’’) are divested within two years Assistant Secretary of the Board. [FR Doc. 2019–17262 Filed 8–12–19; 8:45 am] of acquisition. In order to hold the DPC BILLING CODE 6210–01–P property beyond the two-year period, a BHC is required to seek the approval of the Board. The two-year period may be FEDERAL RESERVE SYSTEM extended by the Board for up to three additional years, and holdings in certain Formations of, Acquisitions by, and types of DPC property may be extended Mergers of Bank Holding Companies instrument(s) are placed into OMB’s public docket files. the FR 4004. The comment period for this notice expired on June 18, 2019. The Board did not receive any comments. AGENCY: 40055 1 12 2 12 PO 00000 U.S.C. 1842(a) and 1843(c)(2). CFR 225.22(d). Frm 00036 Fmt 4703 Sfmt 4703 The companies listed in this notice have applied to the Board for approval, E:\FR\FM\13AUN1.SGM 13AUN1

Agencies

[Federal Register Volume 84, Number 156 (Tuesday, August 13, 2019)]
[Notices]
[Pages 40054-40055]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-17260]


-----------------------------------------------------------------------

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, without revision, the 
Written Security Program for State Member Banks (FR 4004; OMB No. 7100-
0112).

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, Without Revision, of the Following Information Collection

    Report title: Written Security Program for State Member Banks.
    Agency form number: FR 4004.
    OMB control number: 7100-0112.
    Frequency: On occasion.
    Respondents: State member banks.
    Estimated number of respondents: 26.
    Estimated average hours per response: 1 hour.
    Estimated annual burden hours: 26.
    General description of report: This information collection arises 
from a recordkeeping requirement contained in section 208.61 of the 
Board's Regulation H, which requires each state member bank to develop 
and maintain a written security program for the bank's main office and 
branches within 180 days of becoming a member of the Federal Reserve 
System. There is no formal reporting form for this collection of 
information (the FR 4004 designation is for internal purposes only), 
and the information is not submitted to the Federal Reserve System.
    Legal authorization and confidentiality: The FR 4004 recordkeeping 
requirement is authorized by section 3 of the Bank Protection Act of 
1968, which requires federal banking agencies to issue rules 
establishing minimum standards for banks with respect to the 
installation, maintenance, and operation of security devices and 
procedures to discourage robberies, burglaries, and larcenies and to 
assist in the identification and apprehension of persons who commit 
such acts.\1\ The FR 4004 is mandatory.
---------------------------------------------------------------------------

    \1\ 12 U.S.C. 1882(a).
---------------------------------------------------------------------------

    Because there is no reporting requirement associated with this 
recordkeeping requirement, the issue of confidentiality does not 
normally arise. If a bank's written security program were retained 
during the course of an examination, it may be exempt from disclosure 
under exemption 8 of the Freedom of Information Act (FOIA), which 
protects bank examination material.\2\ In addition, the records may 
also be exempt from disclosure under exemption 4 of the FOIA, which 
protects from disclosure ``trade secrets and commercial or financial 
information obtained from a person [that is] privileged or 
confidential.'' \3\
---------------------------------------------------------------------------

    \2\ 5 U.S.C. 552(b)(8).
    \3\ 12 U.S.C. 552(b)(4).
---------------------------------------------------------------------------

    Current actions: On April 19, 2019, the Board published a notice in 
the Federal Register (84 FR 16492) requesting public comment for 60 
days on the extension, without revision, of

[[Page 40055]]

the FR 4004. The comment period for this notice expired on June 18, 
---------------------------------------------------------------------------
2019. The Board did not receive any comments.

    Board of Governors of the Federal Reserve System, August 7, 
2019.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2019-17260 Filed 8-12-19; 8:45 am]
 BILLING CODE 6210-01-P