Proposed Agency Information Collection Activities; Comment Request, 68454-68455 [2019-27036]

Download as PDF 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 Federal Register / Vol. 84, No. 241 / Monday, December 16, 2019 / Notices 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. lotter on DSKBCFDHB2PROD with NOTICES 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, 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; VerDate Sep<11>2014 19:21 Dec 13, 2019 Jkt 250001 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: Recordkeeping and Disclosure Requirements Associated with Regulation R. Agency form number: FR R. OMB control number: 7100–0316. Frequency: As needed. Respondents: ‘‘Banks,’’ as defined in the Securities Exchange Act of 1934 (Exchange Act), that qualify for the exemptions from the Exchange Act definition of ‘‘broker.’’ Estimated number of respondents: Section 701, disclosures to customers: 1,500, disclosures to brokers: 1,500; section 723, recordkeeping: 75; section 741, disclosures to customers: 750. Estimated average hours per response: Section 701, disclosures to customers: 0.08333, disclosures to brokers: 0.25; section 723, recordkeeping: 0.25; section 741, disclosures to customers: 0.08333. Estimated annual burden hours: Section 701, disclosures to customers: 12,500, disclosures to brokers: 375; section 723, recordkeeping: 188; section 741, disclosures to customers: 62,500. General description of report: The Board’s Regulation R, 12 CFR part 218, implements certain exceptions for banks from the definition of ‘‘broker’’ under section 3(a)(4) of the Exchange Act. The Exchange Act defines ‘‘banks’’ to include banking institutions organized in the United States, including members of the Federal Reserve System, federal savings associations, and other commercial banks, savings associations, and nondepository trust companies that are organized under the laws of a state or the United States and subject to supervision and examination by state or federal authorities having supervision over banks and savings associations. Sections 701, 723, and 741 of Regulation R contain certain customer and counterparty disclosure requirements and certain transactional recordkeeping provisions for banks that utilize these exceptions. PO 00000 Frm 00064 Fmt 4703 Sfmt 4703 68455 Legal authorization and confidentiality: The FR R is authorized pursuant to sections 3(a)(4)(F) and 3(b) of the Exchange Act,1 which, among other things, require the Board and the Security Exchange Commission (SEC) to jointly adopt rules to implement the bank exceptions to the definition of ‘‘broker’’ under the Exchange Act.2 Banks seeking the exception from the definition of ‘‘broker’’ under the Exchange Act must comply with the requirements of FR R. The obligation, therefore, is required to obtain a benefit. Because these records and disclosures would be maintained at each banking organization, 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 banking organization. In the event the records are obtained by the Board as part of an examination or supervision of a financial institution, this information is 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.3 In addition, the information may also be kept confidential under exemption 4 for the FOIA, which protects commercial or financial information obtained from a person that is privileged or confidential.4 Board of Governors of the Federal Reserve System, December 11, 2019. Ann Misback, Secretary of the Board. [FR Doc. 2019–27036 Filed 12–13–19; 8:45 am] BILLING CODE 6210–01–P DEPARTMENT OF DEFENSE GENERAL SERVICES ADMINISTRATION NATIONAL AERONAUTICS AND SPACE ADMINISTRATION [OMB Control No. 9000–0161; Docket No. 2019–0003; Sequence No. 34] Information Collection; Reporting Purchases From Sources Outside the United States Department of Defense (DOD), General Services Administration (GSA), and National Aeronautics and Space Administration (NASA). AGENCY: 1 15 U.S.C. 78c(a)(4)(F) and 78c(b). the Board has the authority to require reports from state member banks (12 U.S.C. 248(a) and 324). 3 5 U.S.C. 552(b)(8). 4 5 U.S.C. 552(b)(4). 2 Additionally, E:\FR\FM\16DEN1.SGM 16DEN1

Agencies

[Federal Register Volume 84, Number 241 (Monday, December 16, 2019)]
[Notices]
[Pages 68454-68455]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-27036]


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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 Recordkeeping and Disclosure Requirements Associated with 
Regulation R (FR R; OMB No. 7100-0316).

DATES: 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: [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.

[[Page 68455]]

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, 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: Recordkeeping and Disclosure Requirements Associated 
with Regulation R.
    Agency form number: FR R.
    OMB control number: 7100-0316.
    Frequency: As needed.
    Respondents: ``Banks,'' as defined in the Securities Exchange Act 
of 1934 (Exchange Act), that qualify for the exemptions from the 
Exchange Act definition of ``broker.''
    Estimated number of respondents: Section 701, disclosures to 
customers: 1,500, disclosures to brokers: 1,500; section 723, 
recordkeeping: 75; section 741, disclosures to customers: 750.
    Estimated average hours per response: Section 701, disclosures to 
customers: 0.08333, disclosures to brokers: 0.25; section 723, 
recordkeeping: 0.25; section 741, disclosures to customers: 0.08333.
    Estimated annual burden hours: Section 701, disclosures to 
customers: 12,500, disclosures to brokers: 375; section 723, 
recordkeeping: 188; section 741, disclosures to customers: 62,500.
    General description of report: The Board's Regulation R, 12 CFR 
part 218, implements certain exceptions for banks from the definition 
of ``broker'' under section 3(a)(4) of the Exchange Act. The Exchange 
Act defines ``banks'' to include banking institutions organized in the 
United States, including members of the Federal Reserve System, federal 
savings associations, and other commercial banks, savings associations, 
and nondepository trust companies that are organized under the laws of 
a state or the United States and subject to supervision and examination 
by state or federal authorities having supervision over banks and 
savings associations. Sections 701, 723, and 741 of Regulation R 
contain certain customer and counterparty disclosure requirements and 
certain transactional recordkeeping provisions for banks that utilize 
these exceptions.
    Legal authorization and confidentiality: The FR R is authorized 
pursuant to sections 3(a)(4)(F) and 3(b) of the Exchange Act,\1\ which, 
among other things, require the Board and the Security Exchange 
Commission (SEC) to jointly adopt rules to implement the bank 
exceptions to the definition of ``broker'' under the Exchange Act.\2\ 
Banks seeking the exception from the definition of ``broker'' under the 
Exchange Act must comply with the requirements of FR R. The obligation, 
therefore, is required to obtain a benefit.
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    \1\ 15 U.S.C. 78c(a)(4)(F) and 78c(b).
    \2\ Additionally, the Board has the authority to require reports 
from state member banks (12 U.S.C. 248(a) and 324).
---------------------------------------------------------------------------

    Because these records and disclosures would be maintained at each 
banking organization, 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 banking organization. In the event the 
records are obtained by the Board as part of an examination or 
supervision of a financial institution, this information is 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.\3\ In addition, the 
information may also be kept confidential under exemption 4 for the 
FOIA, which protects commercial or financial information obtained from 
a person that is privileged or confidential.\4\
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    \3\ 5 U.S.C. 552(b)(8).
    \4\ 5 U.S.C. 552(b)(4).

    Board of Governors of the Federal Reserve System, December 11, 
2019.
Ann Misback,
Secretary of the Board.
[FR Doc. 2019-27036 Filed 12-13-19; 8:45 am]
 BILLING CODE 6210-01-P