Proposed Agency Information Collection Activities; Comment Request, 47512-47513 [2019-19447]

Download as PDF 47512 Federal Register / Vol. 84, No. 175 / Tuesday, September 10, 2019 / Notices khammond on DSKBBV9HB2PROD with NOTICES time sensitive issues related to payments research. Respondents may comprise depository institutions, financial and nonfinancial businesses, for profit and nonprofit enterprises, federal, state, and local governments, individual consumers, or households. The Board may conduct various surveys under this collection, as needed. The frequency and content of the questions depend on changing economic, regulatory, supervisory, or legislative developments. Legal authorization and confidentiality: The legal framework for the collection of checks and other items by Reserve Banks and for funds transfers through Fedwire is provided by section 13 of the Federal Reserve Act (FRA),1 section 16 of the FRA,2 the Expedited Funds Availability Act,3 and the Check Clearing for the 21st Century Act.4 Within the Federal Reserve System, the Reserve Banks are generally the entities engaged in the payments system. The Board has broad authority to supervise the actions of Reserve Banks, provided by section 11 of the FRA.5 To successfully maintain the operation of the payments system, the Board must collect payments related data and information related to the performance of Reserve Banks involved in the payments system. The Federal Reserve System has a long history of conducting surveys, including surveys of supervised institutions and of outside parties. Accordingly, FR 3067 is authorized by sections 11, 13, and 16 of the FRA, as well as the Expedited Funds Availability Act and the Check Clearing for the 21st Century Act. Depending on the survey respondent, the information collection may also be authorized under a specific statute. These statutes include: • Section 809 of the Dodd-Frank Wall Street Reform and Consumer Protection Act,6 • Section 7 of the Bank Service Company Act,7 and • Section 920 of the Electronic Fund Transfer Act.8 Survey submissions are voluntary. While unlikely, individual respondents may request that information submitted to the Board through a survey under FR 3067 be kept confidential. If a respondent requests confidential treatment, the Board will 1 12 U.S.C. 342. U.S.C. 360. 3 12 U.S.C. 4001–4010. 4 12 U.S.C. 5001–5018. 5 12 U.S.C. 248. 6 12 U.S.C. 5468. 7 12 U.S.C. 1867. 8 15 U.S.C. 1693o–2. 2 12 VerDate Sep<11>2014 16:56 Sep 09, 2019 determine whether the information is entitled to confidential treatment on a case-by-case basis. Information collected through these surveys may be kept confidential under exemption 4 for the Freedom of Information Act, which protects privileged or confidential commercial or financial information,9 or under FOIA exemption 6, which covers personal information, the disclosure of which would constitute an unwarranted invasion of privacy.10 Board of Governors of the Federal Reserve System, September 4, 2019. Michele Taylor Fennell, Assistant Secretary of the Board. [FR Doc. 2019–19490 Filed 9–9–19; 8:45 am] BILLING CODE 6210–01–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, without revision, the Transfer Agent Registration and Amendment Form (Form TA–1; OMB No. 7100–0099). DATES: Comments must be submitted on or before November 12, 2019. ADDRESSES: You may submit comments, identified by FR TA–1, by any of the following methods: • Agency Website: https:// www.federalreserve.gov/. Follow the instructions for submitting comments at https://www.federalreserve.gov/apps/ foia/proposedregs.aspx. • Email: regs.comments@ federalreserve.gov. Include the 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 from the Board’s website at https:// www.federalreserve.gov/apps/foia/ proposedregs.aspx as submitted, unless modified for technical reasons or to remove personally identifiable information at the commenter’s request. Accordingly, comments will not be SUMMARY: 95 U.S.C. 552(b)(4). U.S.C. 552(b)(6). 10 5 Jkt 247001 PO 00000 Frm 00039 Fmt 4703 Sfmt 4703 edited to remove any identifying or contact information. Public comments may also be viewed electronically or in paper in Room 146, 1709 New York Avenue NW, Washington, DC 20006, between 9:00 a.m. and 5:00 p.m. on weekdays. For security reasons, the Board requires that visitors make an appointment to inspect comments. You may do so by calling (202) 452–3684. Upon arrival, visitors will be required to present valid government-issued photo identification and to submit to security screening in order to inspect and photocopy comments. Additionally, commenters may send a copy of their comments to the Office of Management and Budget (OMB) Desk Officer—Shagufta Ahmed—Office of Information and Regulatory Affairs, Office of Management and Budget, New Executive Office Building, Room 10235, 725 17th Street NW, Washington, DC 20503, or by fax to (202) 395–6974. FOR FURTHER INFORMATION CONTACT: 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, if approved. These documents will also be made available on the Board’s public website at https://www.federalreserve.gov/apps/ reportforms/review.aspx or may be requested from the agency clearance officer, whose name appears below. Federal Reserve Board Clearance Officer—Nuha Elmaghrabi—Office of the Chief Data Officer, Board of Governors of the Federal Reserve System, Washington, DC 20551, (202) 452–3829. SUPPLEMENTARY INFORMATION: On June 15, 1984, OMB delegated to the Board authority under the PRA to approve and assign OMB control numbers to collections of information 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, E:\FR\FM\10SEN1.SGM 10SEN1 Federal Register / Vol. 84, No. 175 / Tuesday, September 10, 2019 / Notices 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. khammond on DSKBBV9HB2PROD with NOTICES Proposal Under OMB Delegated Authority To Extend for Three Years, Without Revision, the Following Information Collection Report title: Transfer Agent Registration and Amendment Form. Agency form number: Form TA–1. OMB control number: 7100–0099. Frequency: On occasion. Respondents: State member banks (SMBs) and their subsidiaries, bank holding companies (BHCs), savings and loan holding companies (SLHCs), and certain nondeposit trust companies and other subsidiaries of BHCs that act as transfer agents. Estimated number of respondents: Registrations, 1; amendments, 2; deregistrations, 1. Estimated average time per response: Registrations, 1.25 hours; amendments, 10 minutes (0.16 hours); de-registrations 30 minutes (0.5 hours). Estimated annual burden hours: Registrations, 1.25 hours; amendments, 0.33 hours; de-registrations, 0.5 hours. General description of report: The Securities Exchange Act of 1934 requires any person acting as a transfer agent 1 to register as such with the appropriate regulatory agency (ARA). The Board is the ARA for SMBs and their subsidiaries, BHCs, SLHCs, and certain other subsidiaries of BHCs.2 1 Transfer agents are institutions that provide securities transfer, registration, monitoring, and other specified services on behalf of securities issuers. See 15 U.S.C. 78c(25) (defining ‘‘transfer agent’’). 2 Specifically, the Board is the ARA for any subsidiary of a bank holding company that is a bank within the meaning of the Securities Exchange Act of 1934 and that is not required to register with the Office of the Comptroller of the Currency (OCC) or Federal Deposit Insurance Corporation (FDIC). VerDate Sep<11>2014 16:56 Sep 09, 2019 Jkt 247001 Transfer agents for which the Board is the ARA must register with the Board using Form TA–1. Legal authorization and confidentiality: Section 17A(c) of the Securities Exchange Act of 1934 3 (Exchange Act) requires all transfer agents for securities registered under section 12 of the Act to register ‘‘by filing with the appropriate regulatory agency . . . an application for registration in such form and containing such information and documents . . . as such appropriate regulatory agency may prescribe as necessary or appropriate in furtherance of the purposes of this section.’’ 4 Under section 3(a)(34)(B)(ii) of the Exchange Act,5 the Board is the appropriate regulatory agency with respect to any transfer agent that is a state member bank or a subsidiary thereof, a BHC or a covered subsidiary thereof, or a SLHC (together, ‘‘BoardRegistered Transfer Agents’’). In addition, the FR TA–1 is authorized pursuant to sections 2, 17(a)(3), and 23(a) of the Exchange Act,6 which, among other things, authorize the Board to promulgate regulations and establish recordkeeping and reporting requirements with respect to BoardRegistered Transfer Agents. Additionally, the Board also has broad authority to require reports from BHCs, SLHCs, and SMBs.7 The FR TA–1 is mandatory. The information collected in the FR TA–1 is available to the public upon request and is not considered confidential. Consultation outside the agency: The Securities Exchange Commission, the Board, the FDIC, and the OCC jointly developed the reporting form and instructions, and the Board has consulted with the FDIC and OCC and determined that no revisions to the form are necessary at this time. Board of Governors of the Federal Reserve System, September 4, 2019. Michele Taylor Fennell, Assistant Secretary of the Board. [FR Doc. 2019–19447 Filed 9–9–19; 8:45 am] BILLING CODE 6210–01–P 3 15 U.S.C. 78q–1(c). 15 U.S.C. 78q–1(c)(1). 5 15 U.S.C. 78c(a)(34)(B)(ii). 6 15 U.S.C. 78b, 78q(a)(3), and 78w(a). 7 12 U.S.C. 1844(c), 12 U.S.C. 1467a(b) and (g), and 12 U.S.C. 248(a) and 324. 4 See PO 00000 Frm 00040 Fmt 4703 Sfmt 4703 47513 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 Federal Reserve Bank Stock Applications and the Federal Reserve Membership Application (FR 2030, FR 2030a, FR 2056, FR 2086, FR 2086a, FR 2087, FR 2083, FR 2083A, FR 2083B, and FR 2083C; OMB Nos. 7100–0042 and 7100– 0046). 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. 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 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. AGENCY: Final Approval Under OMB Delegated Authority of the Extension for Three Years, With Revision, of the Following Information Collections Report title: Federal Reserve Bank Stock Applications. E:\FR\FM\10SEN1.SGM 10SEN1

Agencies

[Federal Register Volume 84, Number 175 (Tuesday, September 10, 2019)]
[Notices]
[Pages 47512-47513]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-19447]


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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, without 
revision, the Transfer Agent Registration and Amendment Form (Form TA-
1; OMB No. 7100-0099).

DATES: Comments must be submitted on or before November 12, 2019.

ADDRESSES: You may submit comments, identified by FR TA-1, by any of 
the following methods:
     Agency Website: https://www.federalreserve.gov/. Follow 
the instructions for submitting comments at https://www.federalreserve.gov/apps/foia/proposedregs.aspx.
     Email: [email protected]. Include the 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 from the Board's website at 
https://www.federalreserve.gov/apps/foia/proposedregs.aspx as 
submitted, unless modified for technical reasons or to remove 
personally identifiable information at the commenter's request. 
Accordingly, comments will not be edited to remove any identifying or 
contact information. Public comments may also be viewed electronically 
or in paper in Room 146, 1709 New York Avenue NW, Washington, DC 20006, 
between 9:00 a.m. and 5:00 p.m. on weekdays. For security reasons, the 
Board requires that visitors make an appointment to inspect comments. 
You may do so by calling (202) 452-3684. Upon arrival, visitors will be 
required to present valid government-issued photo identification and to 
submit to security screening in order to inspect and photocopy 
comments.
    Additionally, commenters may send a copy of their comments to the 
Office of Management and Budget (OMB) Desk Officer--Shagufta Ahmed--
Office of Information and Regulatory Affairs, Office of Management and 
Budget, New Executive Office Building, Room 10235, 725 17th Street NW, 
Washington, DC 20503, or by fax to (202) 395-6974.

FOR FURTHER INFORMATION CONTACT: 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, if approved. These documents will also be made 
available on the Board's public website at https://www.federalreserve.gov/apps/reportforms/review.aspx or may be requested 
from the agency clearance officer, whose name appears below.
    Federal Reserve Board Clearance Officer--Nuha Elmaghrabi--Office of 
the Chief Data Officer, Board of Governors of the Federal Reserve 
System, Washington, DC 20551, (202) 452-3829.

SUPPLEMENTARY INFORMATION: 
    On June 15, 1984, OMB delegated to the Board authority under the 
PRA to approve and assign OMB control numbers to collections of 
information 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,

[[Page 47513]]

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.

Proposal Under OMB Delegated Authority To Extend for Three Years, 
Without Revision, the Following Information Collection

    Report title: Transfer Agent Registration and Amendment Form.
    Agency form number: Form TA-1.
    OMB control number: 7100-0099.
    Frequency: On occasion.
    Respondents: State member banks (SMBs) and their subsidiaries, bank 
holding companies (BHCs), savings and loan holding companies (SLHCs), 
and certain nondeposit trust companies and other subsidiaries of BHCs 
that act as transfer agents.
    Estimated number of respondents: Registrations, 1; amendments, 2; 
de-registrations, 1.
    Estimated average time per response: Registrations, 1.25 hours; 
amendments, 10 minutes (0.16 hours); de-registrations 30 minutes (0.5 
hours).
    Estimated annual burden hours: Registrations, 1.25 hours; 
amendments, 0.33 hours; de-registrations, 0.5 hours.
    General description of report: The Securities Exchange Act of 1934 
requires any person acting as a transfer agent \1\ to register as such 
with the appropriate regulatory agency (ARA). The Board is the ARA for 
SMBs and their subsidiaries, BHCs, SLHCs, and certain other 
subsidiaries of BHCs.\2\ Transfer agents for which the Board is the ARA 
must register with the Board using Form TA-1.
---------------------------------------------------------------------------

    \1\ Transfer agents are institutions that provide securities 
transfer, registration, monitoring, and other specified services on 
behalf of securities issuers. See 15 U.S.C. 78c(25) (defining 
``transfer agent'').
    \2\ Specifically, the Board is the ARA for any subsidiary of a 
bank holding company that is a bank within the meaning of the 
Securities Exchange Act of 1934 and that is not required to register 
with the Office of the Comptroller of the Currency (OCC) or Federal 
Deposit Insurance Corporation (FDIC).
---------------------------------------------------------------------------

    Legal authorization and confidentiality: Section 17A(c) of the 
Securities Exchange Act of 1934 \3\ (Exchange Act) requires all 
transfer agents for securities registered under section 12 of the Act 
to register ``by filing with the appropriate regulatory agency . . . an 
application for registration in such form and containing such 
information and documents . . . as such appropriate regulatory agency 
may prescribe as necessary or appropriate in furtherance of the 
purposes of this section.'' \4\ Under section 3(a)(34)(B)(ii) of the 
Exchange Act,\5\ the Board is the appropriate regulatory agency with 
respect to any transfer agent that is a state member bank or a 
subsidiary thereof, a BHC or a covered subsidiary thereof, or a SLHC 
(together, ``Board-Registered Transfer Agents''). In addition, the FR 
TA-1 is authorized pursuant to sections 2, 17(a)(3), and 23(a) of the 
Exchange Act,\6\ which, among other things, authorize the Board to 
promulgate regulations and establish recordkeeping and reporting 
requirements with respect to Board-Registered Transfer Agents. 
Additionally, the Board also has broad authority to require reports 
from BHCs, SLHCs, and SMBs.\7\
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    \3\ 15 U.S.C. 78q-1(c).
    \4\ See 15 U.S.C. 78q-1(c)(1).
    \5\ 15 U.S.C. 78c(a)(34)(B)(ii).
    \6\ 15 U.S.C. 78b, 78q(a)(3), and 78w(a).
    \7\ 12 U.S.C. 1844(c), 12 U.S.C. 1467a(b) and (g), and 12 U.S.C. 
248(a) and 324.
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    The FR TA-1 is mandatory. The information collected in the FR TA-1 
is available to the public upon request and is not considered 
confidential.
    Consultation outside the agency: The Securities Exchange 
Commission, the Board, the FDIC, and the OCC jointly developed the 
reporting form and instructions, and the Board has consulted with the 
FDIC and OCC and determined that no revisions to the form are necessary 
at this time.

    Board of Governors of the Federal Reserve System, September 4, 
2019.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2019-19447 Filed 9-9-19; 8:45 am]
 BILLING CODE 6210-01-P