Notice of Proposals To Engage in or To Acquire Companies Engaged in Permissible Nonbanking Activities, 68453-68454 [2019-26982]

Download as PDF Federal Register / Vol. 84, No. 241 / Monday, December 16, 2019 / Notices lotter on DSKBCFDHB2PROD with NOTICES 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 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, Without Revision, of the Following Information Collection Report title: Payments Research Survey. Agency form number: FR 3067. OMB control number: 7100–0355. Frequency: As needed. Respondents: Private sector, individuals or households, and state and local governments. Estimated number of respondents: Private sector: 4,300; individuals or households: 5,500; state and local governments: 200. Estimated average hours per response: Private sector: 1.5; individuals or households: 1.5; state and local governments: 1.5. Estimated annual burden hours: Private sector: 12,900; individuals or households: 16,500; state and local governments: 600; total: 30,000. General description of report: The Board uses this collection to obtain information, as needed, on specific and time sensitive issues related to VerDate Sep<11>2014 19:21 Dec 13, 2019 Jkt 250001 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 determine whether the information is 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 PO 00000 Frm 00062 Fmt 4703 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 Current actions: On September 10, 2019, the Board published a notice in the Federal Register (84 FR 47511) requesting public comment for 60 days on the extension, without revision, of the Payments Research Survey. The comment period for this notice expired on November 12, 2019. The Board did not receive any comments. Board of Governors of the Federal Reserve System, December 11, 2019. Ann Misback, Secretary of the Board. [FR Doc. 2019–27041 Filed 12–13–19; 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 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 95 U.S.C. 552(b)(4). U.S.C. 552(b)(6). 10 5 Sfmt 4703 68453 E:\FR\FM\16DEN1.SGM 16DEN1 68454 Federal Register / Vol. 84, No. 241 / Monday, December 16, 2019 / Notices NW, Washington, DC 20551–0001, not later than January 3, 2020. A. Federal Reserve Bank of San Francisco (Gerald C. Tsai, Director, Applications and Enforcement) 101 Market Street, San Francisco, California 94105–1579: 1. BayCom Corp, Walnut Creek, California; to merge with Grand Mountain Bancshares, Inc., and thereby indirectly acquire Grand Mountain Bank, FSB, both of Granby, Colorado. Board of Governors of the Federal Reserve System, December 10, 2019. Yao-Chin Chao, Assistant Secretary of the Board. [FR Doc. 2019–26982 Filed 12–13–19; 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, with revision, the Savings and Loan Holding Company Registration Statement (FR LL–10(b); OMB No. 7100–0337). DATES: The revisions are applicable January 15, 2020. 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 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 lotter on DSKBCFDHB2PROD with NOTICES AGENCY: VerDate Sep<11>2014 19:21 Dec 13, 2019 Jkt 250001 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: Savings and Loan Holding Company Registration Statement. Agency form number: FR LL–10(b). OMB control number: 7100–0337. Effective date: January 15, 2020. Frequency: As needed. Respondents: Savings and Loan Holding Companies (SLHCs). Estimated number of respondents: 8. Estimated average hours per response: Reporting: 8; recordkeeping: 0.25. Estimated annual burden hours: Reporting: 64; recordkeeping: 2; total: 66. General description of report: The FR LL–10(b) requests information from registering SLHCs on the financial condition, ownership, operations, management, and intercompany relationships of the SLHC and its subsidiaries. Additionally, respondents must include information concerning the transaction that resulted in the respondent becoming an SLHC, a description of the SLHC’s business, and a description of any changes related to the financial condition, ownership, operations, intercompany relationships, and management of the SLHC and its subsidiaries since the registrant’s application to become an SLHC was approved. The principal executive or principal financial officer of the registering SLHC must certify that the information contained in the submission has been carefully reviewed and is true, correct, and complete. Current actions: On August 8, 2019, the Board published a notice in the Federal Register (84 FR 38964) requesting public comment for 60 days on the extension, with revision, of the Savings and Loan Holding Company Registration Statement. The Board proposed to make the FR LL–10(b) more consistent with the format of other Board forms and incorporate references to the Board’s regulations and to reflect a requirement that respondents retain a copy of the submitted form, which was not currently accounted for by the FR LL–10(b). The comment period for this notice expired on October 7, 2019. The PO 00000 Frm 00063 Fmt 4703 Sfmt 4703 Board did not receive any comments. The revisions will be implemented as proposed. Board of Governors of the Federal Reserve System, December 11, 2019. Ann Misback, Secretary of the Board. [FR Doc. 2019–27039 Filed 12–13–19; 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 Recordkeeping and Disclosure Requirements Associated with Regulation R (FR R; OMB No. 7100– 0316). SUMMARY: Comments must be submitted on or before February 14, 2020. ADDRESSES: You may submit comments, identified by FR R 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 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. DATES: E:\FR\FM\16DEN1.SGM 16DEN1

Agencies

[Federal Register Volume 84, Number 241 (Monday, December 16, 2019)]
[Notices]
[Pages 68453-68454]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-26982]


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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 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

[[Page 68454]]

NW, Washington, DC 20551-0001, not later than January 3, 2020.
    A. Federal Reserve Bank of San Francisco (Gerald C. Tsai, Director, 
Applications and Enforcement) 101 Market Street, San Francisco, 
California 94105-1579:
    1. BayCom Corp, Walnut Creek, California; to merge with Grand 
Mountain Bancshares, Inc., and thereby indirectly acquire Grand 
Mountain Bank, FSB, both of Granby, Colorado.

    Board of Governors of the Federal Reserve System, December 10, 
2019.
Yao-Chin Chao,
Assistant Secretary of the Board.
[FR Doc. 2019-26982 Filed 12-13-19; 8:45 am]
 BILLING CODE 6210-01-P