Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 40051-40052 [2019-17264]

Download as PDF Federal Register / Vol. 84, No. 156 / Tuesday, August 13, 2019 / Notices Type of Review: Extension of a currently approved collection. Respondents: Business or other for profit entities. Number of Respondents and Responses: 158 respondents and 2,406 responses. Estimated Time per Response: 0.5–40 hours. Frequency of Response: Recordkeeping requirement, Third Party Disclosure, and on occasion and quarterly reporting requirements. Obligation to Respond: Required to obtain or retain benefits. The statutory authority for this information collection is 47 U.S.C. 154, 301, 302(a), 303, 309, 332, 336, and 337 unless otherwise noted. Total Annual Burden: 24,714 hours. Annual Cost Burden: $546,450. Privacy Act Impact Assessment: No impact(s). Nature and Extent of Confidentiality: There is no need for confidentiality with this collection of information. Needs and Uses: The information filed by Wireless Communications Service (WCS) licensees in support of their construction notifications will be used to determine whether licensees have complied with the Commission’s performance benchmarks. Further, the information collected by licensees in support of their coordination obligations will help avoid harmful interference to Satellite Digital Audio Radio Service (SDARS), Aeronautical Mobile Telemetry (AMT) and Deep Space Network (DSN) operations in other spectrum bands. Federal Communications Commission. Marlene Dortch, Secretary, Office of the Secretary. [FR Doc. 2019–17278 Filed 8–12–19; 8:45 am] BILLING CODE 6712–01–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, without revision, the Recordkeeping Provisions Associated with the Interagency Statement on Complex Structured Finance Activities (FR 4022; OMB No. 7100–0311). FOR FURTHER INFORMATION CONTACT: Federal Reserve Board Clearance Officer—Nuha Elmaghrabi—Office of jspears on DSK3GMQ082PROD with NOTICES AGENCY: VerDate Sep<11>2014 17:51 Aug 12, 2019 Jkt 247001 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. 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. Final Approval Under OMB Delegated Authority of the Extension for Three Years, Without Revision, of the Following Information Collection Report title: Recordkeeping Provisions Associated with the Interagency Statement on Complex Structured Finance Activities. Agency form number: FR 4022. OMB control number: 7100–0311. Frequency: Annual. Respondents: State member banks, bank holding companies (other than foreign banking organizations), savings and loan holding companies (SLHCs), and U.S. branches and agencies of foreign banks. Estimated number of respondents: 18. Estimated average hours per response: 10 hours. Estimated annual burden hours: 180. General description of report: In January 2007, the Board, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Securities and Exchange Commission, and the former Office of Thrift Supervision published guidance titled, ‘‘Interagency Statement on Sound Practices Concerning Elevated Risk PO 00000 Frm 00032 Fmt 4703 Sfmt 4703 40051 Complex Structured Finance Activities.’’ The Interagency Statement provides that financial institutions supervised by the Board should establish and maintain written policies and procedures for identifying, evaluating, assessing, documenting, and controlling risks associated with certain complex structured finance transactions (CSFTs), and should retain certain documents related to elevated risk CSFTs. For purposes of the Board’s review, the term ‘‘financial institution’’ refers to state member banks, bank holding companies (other than foreign banking organizations), SLHCs, and U.S. branches and agencies of foreign banks. Legal authorization and confidentiality: The Board is authorized to issue the recordkeeping guidance associated with the Interagency Statement with respect to state member banks pursuant to sections 9(7), 11(a), 21(4), and 25(4) of the Federal Reserve Act (12 U.S.C. 325, 248(a), 483, and 602); with respect to bank holding companies pursuant to section 5(c) of the Bank Holding Company Act (12 U.S.C. 1844(c)); with respect to savings and loan holding companies pursuant to section 10(b) and (g) of the Home Owners’ Loan Act (12 U.S.C. 1467a(b) and (g)); and with respect to U.S. branches and agencies of foreign banks pursuant to sections 7(c) and 13(a) of the International Banking Act of 1978 (12 U.S.C. 3105(c) and 3108(a)). Because the recordkeeping provisions are contained within guidance, which is nonbinding, these provisions are voluntary. There are no reporting forms associated with the recordkeeping provisions of the Interagency Statement. Because any policies, procedures, or other records that were voluntarily created pursuant to the guidance in the Interagency Statement would be maintained at each financial institution, the Freedom of Information Act (FOIA) would only be implicated if the Board obtained such records as part of the examination or supervision of a financial institution. In the event the records are obtained by the Board as part of an examination or supervision of a financial institution, this information may be considered confidential pursuant to exemption 8 of the FOIA, which protects information contained in ‘‘examination, operating, or condition reports’’ obtained in the bank supervisory process (5 U.S.C. 552(b)(8)). In addition, the information may also be kept confidential under exemption 4 of the FOIA, which protects trade secrets or confidential commercial or financial information that is reasonably likely to E:\FR\FM\13AUN1.SGM 13AUN1 40052 Federal Register / Vol. 84, No. 156 / Tuesday, August 13, 2019 / Notices result in substantial competitive harm if disclosed (5 U.S.C. 552(b)(4)). Current actions: On May 15, 2019, the Board published a notice in the Federal Register (84 FR 21778) requesting public comment for 60 days on the extension, without revision, of the Recordkeeping Provisions Associated with the Interagency Statement on Complex Structured Finance Activities. The comment period for this notice expired on July 15, 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. 2019–17264 Filed 8–12–19; 8:45 am] BILLING CODE 6210–01–P FEDERAL RESERVE SYSTEM jspears on DSK3GMQ082PROD with NOTICES Formations of, Acquisitions by, and Mergers of Savings and Loan Holding Companies The companies listed in this notice have applied to the Board for approval, pursuant to the Home Owners’ Loan Act (12 U.S.C. 1461 et seq.) (HOLA), Regulation LL (12 CFR part 238), and Regulation MM (12 CFR part 239), and all other applicable statutes and regulations to become a savings and loan holding company and/or to acquire the assets or the ownership of, control of, or the power to vote shares of a savings association and nonbanking companies owned by the savings and loan 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 application also will 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 HOLA (12 U.S.C. 1467a(e)). 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 10(c)(4)(B) of the HOLA (12 U.S.C. 1467a(c)(4)(B)). 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 10, 2019. A. Federal Reserve Bank of Philadelphia (William Spaniel, Senior VerDate Sep<11>2014 17:51 Aug 12, 2019 Jkt 247001 Vice President) 100 North 6th Street, Philadelphia, Pennsylvania 19105– 1521. Comments can also be sent electronically to Comments.applications@phil.frb.org: 1. Stewardship Financial Corporation, Midland Park, New Jersey, to become a savings and loan holding company upon the conversion of Atlantic Stewardship Bank, Midland Park, New Jersey, from a state-chartered commercial bank to state-chartered stock savings association. 2. Columbia Bank, MHC (‘‘MHC’’) and Columbia Financial, Inc., both of Fair Lawn, New Jersey; to acquire Stewardship Financial Corporation (‘‘Stewardship Financial’’), Midland Park, New Jersey, and thereby indirectly acquire Atlantic Stewardship Bank, Midland Park, New Jersey, a whollyowned subsidiary of Stewardship Financial, through the merger of Atlantic Stewardship Bank into Columbia Bank, Fair Lawn, New Jersey. Board of Governors of the Federal Reserve System, August 7, 2019. Yao-Chin Chao, Assistant Secretary of the Board. [FR Doc. 2019–17280 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 Reporting Requirements Associated with Regulation Y (Extension of Time to Conform to the Volcker Rule) (FR Y–1; OMB No. 7100–0333). 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 AGENCY: PO 00000 Frm 00033 Fmt 4703 Sfmt 4703 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 Paperwork Reduction Act (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. Final Approval Under OMB Delegated Authority of the Extension for Three Years, With Revision, of the Following in Information Collection Report title: Reporting Requirements Associated with Regulation Y (Extension of Time to Conform to the Volcker Rule). Agency form number: FR Y–1. OMB control number: 7100–0333. Frequency: Event-generated. Respondents: Insured depository institutions (other than certain limitedpurpose trust institutions), any company that controls an insured depository institution, any company that is treated as a bank holding company for purposes of section 8 of the International Banking Act of 1978 (12 U.S.C. 3106), and any affiliate or subsidiary of any of the foregoing (collectively, banking entities), and nonbank financial companies designated by the Financial Stability Oversight Council that engage in proprietary trading activities or make investments in covered funds. Estimated number of respondents: 1. Estimated average hours per response: 3. Estimated annual burden hours: 3. General description of report: The information collection in section 225.181(c) of the Board’s Regulation Y (12 CFR 225.181(c)) is used by newly formed banking entities and existing companies that become a banking entity (collectively, new banking entities) to seek an extension of time to bring their activities and investments into compliance with section 13 of the Bank Holding Company Act (the Volcker Rule) or to divest their interest in an illiquid fund. The information collection in section 225.182(c) of the E:\FR\FM\13AUN1.SGM 13AUN1

Agencies

[Federal Register Volume 84, Number 156 (Tuesday, August 13, 2019)]
[Notices]
[Pages 40051-40052]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-17264]


=======================================================================
-----------------------------------------------------------------------

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 
Recordkeeping Provisions Associated with the Interagency Statement on 
Complex Structured Finance Activities (FR 4022; OMB No. 7100-0311).

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, Without Revision, of the Following Information Collection

    Report title: Recordkeeping Provisions Associated with the 
Interagency Statement on Complex Structured Finance Activities.
    Agency form number: FR 4022.
    OMB control number: 7100-0311.
    Frequency: Annual.
    Respondents: State member banks, bank holding companies (other than 
foreign banking organizations), savings and loan holding companies 
(SLHCs), and U.S. branches and agencies of foreign banks.
    Estimated number of respondents: 18.
    Estimated average hours per response: 10 hours.
    Estimated annual burden hours: 180.
    General description of report: In January 2007, the Board, the 
Office of the Comptroller of the Currency, the Federal Deposit 
Insurance Corporation, the Securities and Exchange Commission, and the 
former Office of Thrift Supervision published guidance titled, 
``Interagency Statement on Sound Practices Concerning Elevated Risk 
Complex Structured Finance Activities.'' The Interagency Statement 
provides that financial institutions supervised by the Board should 
establish and maintain written policies and procedures for identifying, 
evaluating, assessing, documenting, and controlling risks associated 
with certain complex structured finance transactions (CSFTs), and 
should retain certain documents related to elevated risk CSFTs. For 
purposes of the Board's review, the term ``financial institution'' 
refers to state member banks, bank holding companies (other than 
foreign banking organizations), SLHCs, and U.S. branches and agencies 
of foreign banks.
    Legal authorization and confidentiality: The Board is authorized to 
issue the recordkeeping guidance associated with the Interagency 
Statement with respect to state member banks pursuant to sections 9(7), 
11(a), 21(4), and 25(4) of the Federal Reserve Act (12 U.S.C. 325, 
248(a), 483, and 602); with respect to bank holding companies pursuant 
to section 5(c) of the Bank Holding Company Act (12 U.S.C. 1844(c)); 
with respect to savings and loan holding companies pursuant to section 
10(b) and (g) of the Home Owners' Loan Act (12 U.S.C. 1467a(b) and 
(g)); and with respect to U.S. branches and agencies of foreign banks 
pursuant to sections 7(c) and 13(a) of the International Banking Act of 
1978 (12 U.S.C. 3105(c) and 3108(a)). Because the recordkeeping 
provisions are contained within guidance, which is nonbinding, these 
provisions are voluntary. There are no reporting forms associated with 
the recordkeeping provisions of the Interagency Statement. Because any 
policies, procedures, or other records that were voluntarily created 
pursuant to the guidance in the Interagency Statement would be 
maintained at each financial institution, the Freedom of Information 
Act (FOIA) would only be implicated if the Board obtained such records 
as part of the examination or supervision of a financial institution. 
In the event the records are obtained by the Board as part of an 
examination or supervision of a financial institution, this information 
may be considered confidential pursuant to exemption 8 of the FOIA, 
which protects information contained in ``examination, operating, or 
condition reports'' obtained in the bank supervisory process (5 U.S.C. 
552(b)(8)). In addition, the information may also be kept confidential 
under exemption 4 of the FOIA, which protects trade secrets or 
confidential commercial or financial information that is reasonably 
likely to

[[Page 40052]]

result in substantial competitive harm if disclosed (5 U.S.C. 
552(b)(4)).
    Current actions: On May 15, 2019, the Board published a notice in 
the Federal Register (84 FR 21778) requesting public comment for 60 
days on the extension, without revision, of the Recordkeeping 
Provisions Associated with the Interagency Statement on Complex 
Structured Finance Activities. The comment period for this notice 
expired on July 15, 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. 2019-17264 Filed 8-12-19; 8:45 am]
 BILLING CODE 6210-01-P