Notice of Proposals To Engage in or To Acquire Companies Engaged in Permissible Nonbanking Activities, 65816-65817 [2019-25817]
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Federal Register / Vol. 84, No. 230 / Friday, November 29, 2019 / Notices
khammond on DSKJM1Z7X2PROD with NOTICES
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
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 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
Information Collection
Report title: Interchange Transaction
Fees Survey.
Agency form number: FR 3064.
OMB control number: 7100–0344.
Effective date: The revisions are
effective for the collection of calendar
year 2019.
Frequency: Annually.
Respondents: Debit card issuers and
payment card networks.
Estimated number of respondents: FR
3064a, 541 respondents; and FR 3064b,
15 respondents.
Estimated average hours per response:
FR 3064a, 160 hours; and FR 3064b, 75
hours.
Estimated annual burden hours: FR
3064a, 86,560 hours; and FR 3064b,
1,125 hours.
General description of report: The
Dodd-Frank Wall Street Reform and
Consumer Protection Act of 2010 (DoddFrank Act) requires the Board to
disclose, at least every two years, such
aggregate or summary information
concerning the costs incurred for, and
interchange transaction fees received by,
issuers with respect to debit card
transactions as the Board considers
appropriate or in the public interest.
The data from these surveys are used in
fulfilling that disclosure requirement. In
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16:49 Nov 27, 2019
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addition, the Board uses data from the
payment card network survey (FR
3064b) to publicly report on an annual
basis the extent to which networks have
established separate interchange fees for
exempt and covered issuers.1 Finally,
the Board uses the data from these
surveys in determining whether to
propose revisions to the interchange fee
standards in Debit Card Interchange
Fees and Routing (Regulation II) (12
CFR part 235). The Dodd-Frank Act
provides the Board with authority to
require debit card issuers and payment
card networks to submit information in
order to carry out provisions of the
Dodd-Frank Act regarding interchange
fee standards.
Legal authorization and
confidentiality: The FR 3064 is
authorized by subsection 920(a) of the
Electronic Fund Transfer Act, which
was amended by section 1075(a) of the
Dodd-Frank Act.2 This statutory
provision requires the Board, at least
once every two years,3 to disclose
aggregate or summary information
concerning the costs incurred and
interchange transaction fees charged or
received by issuers or payment card
networks in connection with the
authorization, clearance or settlement of
electronic debit transactions as the
Board considers appropriate and in the
public interest.4 It also provides the
Board with authority to require issuers
and payment card networks to provide
information to enable the Board to carry
out the provisions of the subsection.5
The FR 3064 is mandatory. In
accordance with the statutory
requirement, the Board releases
aggregate or summary information from
the survey responses. In addition, the
Board releases, at the network level, the
percentage of total number of
transactions, the percentage of total
value of transactions, and the average
transaction value for exempt and notexempt issuers obtained on the FR
3064b. The Board has determined to
release this information both because it
can already be determined
mathematically based on the
information the Board currently releases
on average interchange fees and because
the Board believes the release of such
information may be useful to issuers
and merchants in choosing payment
card networks in which to participate
1 Average debit card interchange fee by payment
card network https://www.federalreserve.gov/
paymentsystems/regii-average-interchange-fee.htm.
2 15 U.S.C. 1693o–2.
3 The subsection refers to bi-annual disclosures
and the Board interprets this to mean once every
two years. See 76 FR 43458.
4 15 U.S.C. 1693o–2(a)(3)(B).
5 Id.
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and to policymakers in assessing the
effect of Regulation II on the level of
interchange fees received by issuers
over time.
The remaining individual issuer and
payment card information collected on
these surveys may be kept confidential
under exemption (b)(4) of the Freedom
of Information Act (FOIA) to the extent
that, if released, this information would
cause substantial harm to the
competitive position of the survey
respondents.6
Current actions: On August 12, 2019,
the Board published a notice in the
Federal Register (84 FR 39847)
requesting public comment for 60 days
on the extension, with revision, of the
FR 3064. The Board proposed revisions
to the FR 3064a to (1) remove the
breakout of interchange fees reimbursed
to acquirers as a result of chargebacks or
returns, (2) add tokenization as an
option for fraud prevention activity, and
(3) update the survey instructions and
glossary terms to improve clarity. In
addition, the Board proposed revisions
to the FR 3064b to (1) remove a question
about the number of merchant
establishments, (2) remove questions
about offering an interchange fee
schedule that differentiates between
exempt and non-exempt issuers, (3)
remove questions about refunds of
interchange fees to acquirers for
chargebacks and returns, and (4) update
the survey instructions and glossary of
terms to improve clarity. The comment
period for this notice expired on
October 11, 2019. The Board did not
receive any comments. The revisions
will be implemented as proposed.
Board of Governors of the Federal Reserve
System, November 22, 2019.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2019–25822 Filed 11–27–19; 8:45 am]
BILLING CODE 6210–01–P
FEDERAL RESERVE SYSTEM
Notice of Proposals To Engage in or
To Acquire Companies Engaged in
Permissible Nonbanking Activities
The companies listed in this notice
have given notice under section 4 of the
Bank Holding Company Act (12 U.S.C.
1843) (BHC Act) and Regulation Y, (12
CFR part 225) to engage de novo, or to
acquire or control voting securities or
assets of a company, including the
companies listed below, that engages
either directly or through a subsidiary or
6 See 5 U.S.C. 552(b)(4) (exempting from
disclosure ‘‘trade secrets and commercial or
financial information obtained from a person [that
is] privileged or confidential’’).
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Federal Register / Vol. 84, No. 230 / Friday, November 29, 2019 / Notices
other company, in a nonbanking activity
that is listed in § 225.28 of Regulation Y
(12 CFR 225.28) or that the Board has
determined by Order to be closely
related to banking and permissible for
bank holding companies. Unless
otherwise noted, these activities will be
conducted throughout the United States.
Each notice is available for inspection
at the Federal Reserve Bank indicated.
The notice also will be available for
inspection at the offices of the Board of
Governors. Interested persons may
express their views in writing on the
question whether the proposal complies
with the standards of section 4 of the
BHC Act.
Unless otherwise noted, comments
regarding the applications must be
received at the Reserve Bank indicated
or the offices of the Board of Governors,
Ann E. Misback, Secretary of the Board,
20th Street and Constitution Avenue
NW, Washington, DC 20551–0001, not
later than December 12, 2019.
A. Federal Reserve Bank of St. Louis
(David L. Hubbard, Senior Manager)
P.O. Box 442, St. Louis, Missouri
63166–2034. Comments can also be sent
electronically to
Comments.applications@stls.frb.org:
1. First Waterloo Bancshares, Inc.,
Waterloo, Illinois; to acquire Best
Hometown Bancorp, Inc., and thereby
indirectly acquire Best Hometown Bank,
both of Collinsville, Illinois, and thereby
operate a savings association pursuant
to section 4(c)(8) of the BHC Act.
Board of Governors of the Federal Reserve
System, November 22, 2019.
Yao-Chin Chao,
Assistant Secretary of the Board.
[FR Doc. 2019–25817 Filed 11–27–19; 8:45 am]
BILLING CODE P
DEPARTMENT OF HEALTH AND
HUMAN SERVICES
Centers for Medicare & Medicaid
Services
[Document Identifier CMS–1500/1490S,
CMS–10704 and CMS–10338]
Agency Information Collection
Activities: Submission for OMB
Review; Comment Request
Centers for Medicare &
Medicaid Services, HHS.
ACTION: Notice.
khammond on DSKJM1Z7X2PROD with NOTICES
AGENCY:
The Centers for Medicare &
Medicaid Services (CMS) is announcing
an opportunity for the public to
comment on CMS’ intention to collect
information from the public. Under the
Paperwork Reduction Act of 1995
SUMMARY:
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(PRA), federal agencies are required to
publish notice in the Federal Register
concerning each proposed collection of
information, including each proposed
extension or reinstatement of an existing
collection of information, and to allow
a second opportunity for public
comment on the notice. Interested
persons are invited to send comments
regarding the burden estimate or any
other aspect of this collection of
information, including the necessity and
utility of the proposed information
collection for the proper performance of
the agency’s functions, the accuracy of
the estimated burden, ways to enhance
the quality, utility, and clarity of the
information to be collected, and the use
of automated collection techniques or
other forms of information technology to
minimize the information collection
burden.
DATES: Comments on the collection(s) of
information must be received by the
OMB desk officer by December 30, 2019.
ADDRESSES: When commenting on the
proposed information collections,
please reference the document identifier
or OMB control number. To be assured
consideration, comments and
recommendations must be received by
the OMB desk officer via one of the
following transmissions: OMB, Office of
Information and Regulatory Affairs,
Attention: CMS Desk Officer, Fax
Number: (202) 395–5806 OR, Email:
OIRA_submission@omb.eop.gov.
To obtain copies of a supporting
statement and any related forms for the
proposed collection(s) summarized in
this notice, you may make your request
using one of following:
1. Access CMS’ website address at
website address at https://www.cms.gov/
Regulations-and-Guidance/Legislation/
PaperworkReductionActof1995/PRAListing.html.
1. Email your request, including your
address, phone number, OMB number,
and CMS document identifier, to
Paperwork@cms.hhs.gov.
2. Call the Reports Clearance Office at
(410) 786–1326.
FOR FURTHER INFORMATION CONTACT:
William Parham at (410) 786–4669.
SUPPLEMENTARY INFORMATION: Under the
Paperwork Reduction Act of 1995 (PRA)
(44 U.S.C. 3501–3520), federal agencies
must obtain approval from the Office of
Management and Budget (OMB) for each
collection of information they conduct
or sponsor. The term ‘‘collection of
information’’ is defined in 44 U.S.C.
3502(3) and 5 CFR 1320.3(c) and
includes agency requests or
requirements that members of the public
submit reports, keep records, or provide
information to a third party. Section
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65817
3506(c)(2)(A) of the PRA (44 U.S.C.
3506(c)(2)(A)) requires federal agencies
to publish a 30-day notice in the
Federal Register concerning each
proposed collection of information,
including each proposed extension or
reinstatement of an existing collection
of information, before submitting the
collection to OMB for approval. To
comply with this requirement, CMS is
publishing this notice that summarizes
the following proposed collection(s) of
information for public comment:
1. Type of Information Collection
Request: Extension without change of a
currently approved collection; Title of
Information Collection: Health
Insurance Common Claims Form and
Supporting Regulations at 42 CFR part
424, subpart C (CMS–1500 and CMS–
1490S); Use: Social Security ACT, Part
E, Section 1861(s) provides definition of
services and institutions covered under
the Act. The CMS–1500 is used to bill
for services covered under section
1861(a)(1) by persons entitled to
payment for such services. Benefits are
paid either to the physician/supplier
under an agreement, the beneficiary on
the basis of an itemized bill per section
1842(b)(3)(B)(i) and (ii) of the Social
Security Act, or to an organization
authorized to receive payment per
1842(b)(6).
The CMS–1500 and the CMS–1490S
forms are used to deliver information to
CMS in order for CMS to reimburse for
provided services. Medicare
Administrative Contractors use the data
collected on the CMS–1500 and the
CMS–1490S to determine the proper
amount of reimbursement for Part B
medical and other health services (as
listed in section 1861(s) of the Social
Security Act) provided by physicians
and suppliers to beneficiaries. The
CMS–1500 is submitted by physicians/
suppliers for all Part B Medicare.
Serving as a common claim form, the
CMS–1500 can be used by other thirdparty payers (commercial and nonprofit
health insurers) and other Federal
programs (e.g., TRICARE, RRB, and
Medicaid). As the CMS–1500 displays
data items required for other third-party
payers in addition to Medicare, the form
is considered too complex for use by
beneficiaries when they file their own
claims. Therefore, the CMS–1490S
(Patient’s Request for Medical Payment)
was explicitly developed for easy use by
beneficiaries who file their own claims.
The English and Spanish version CMS–
1490S form (version 01/18) can be
obtained from a Medicare
Administrative Contractor or online.
Form Number: CMS–1500/1490S (OMB
control number: 0938–1197); Frequency:
Yearly; Affected Public: State, Local, or
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]]>Agencies
[Federal Register Volume 84, Number 230 (Friday, November 29, 2019)]
[Notices]
[Pages 65816-65817]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-25817]
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FEDERAL RESERVE SYSTEM
Notice of Proposals To Engage in or To Acquire Companies Engaged
in Permissible Nonbanking Activities
The companies listed in this notice have given notice under section
4 of the Bank Holding Company Act (12 U.S.C. 1843) (BHC Act) and
Regulation Y, (12 CFR part 225) to engage de novo, or to acquire or
control voting securities or assets of a company, including the
companies listed below, that engages either directly or through a
subsidiary or
[[Page 65817]]
other company, in a nonbanking activity that is listed in Sec. 225.28
of Regulation Y (12 CFR 225.28) or that the Board has determined by
Order to be closely related to banking and permissible for bank holding
companies. Unless otherwise noted, these activities will be conducted
throughout the United States.
Each notice is available for inspection at the Federal Reserve Bank
indicated. The notice also will be available for inspection at the
offices of the Board of Governors. Interested persons may express their
views in writing on the question whether the proposal complies with the
standards of section 4 of the BHC Act.
Unless otherwise noted, comments regarding the applications must be
received at the Reserve Bank indicated or the offices of the Board of
Governors, Ann E. Misback, Secretary of the Board, 20th Street and
Constitution Avenue NW, Washington, DC 20551-0001, not later than
December 12, 2019.
A. Federal Reserve Bank of St. Louis (David L. Hubbard, Senior
Manager) P.O. Box 442, St. Louis, Missouri 63166-2034. Comments can
also be sent electronically to [email protected]:
1. First Waterloo Bancshares, Inc., Waterloo, Illinois; to acquire
Best Hometown Bancorp, Inc., and thereby indirectly acquire Best
Hometown Bank, both of Collinsville, Illinois, and thereby operate a
savings association pursuant to section 4(c)(8) of the BHC Act.
Board of Governors of the Federal Reserve System, November 22,
2019.
Yao-Chin Chao,
Assistant Secretary of the Board.
[FR Doc. 2019-25817 Filed 11-27-19; 8:45 am]
BILLING CODE P
