Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 68451-68452 [2019-27037]
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Federal Register / Vol. 84, No. 241 / Monday, December 16, 2019 / Notices
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.
lotter on DSKBCFDHB2PROD with NOTICES
Final Approval Under OMB Delegated
Authority of the Extension for Three
Years, Without Revision, of the
Following Information Collection
Report title: Consumer Satisfaction
Questionnaire, the Federal Reserve
Consumer Help—Consumer Survey, the
Consumer Online Complaint Form, and
the Appraisal Complaint Form.
Agency form number: FR 1379a, FR
1379b, FR 1379c, and FR 1379d.
OMB control number: 7100–0135.
Frequency: Event generated.
Respondents: Consumers, appraisers,
and financial institutions.
Estimated number of respondents: FR
1379a, 551; FR 1379b, 1,455; FR 1379c,
6,719; FR 1379d, 7.
Estimated average hours per response:
FR 1379a, 5 minutes; FR 1379b, 5
minutes; FR 1379c, 10 minutes; FR
1379, 30 minutes.
Estimated annual burden hours: FR
1379a, 46 hours; FR 1379b, 121 hours;
FR 1379c, 1,120 hours; FR 1379d, 4
hours.
General description of report: The FR
1379a is sent to consumers who have
filed complaints with the Federal
Reserve against state member banks or
other financial institutions supervised
by the Federal Reserve. The information
is used to assess the satisfaction of the
consumers with the Federal Reserve’s
handling of, and written response to,
their complaints at the conclusion of an
investigation. The FR 1379b is a survey
sent to consumers who contact the
Federal Reserve Consumer Help [desk]
(FRCH) 1 to file a complaint or inquiry.
The information is used to determine
whether consumers are satisfied with
the way the FRCH handled their
complaint. The FR 1379c collection
addresses the burden associated with
consumers electronically submitting a
complaint against a financial institution
to the FRCH. The FR 1379d collects
information about complaints regarding
a regulated institution’s non-compliance
with the appraisal independence
standards and the Uniform Standards of
Professional Appraisal Practice,
including complaints from appraisers,
individuals, financial institutions, and
other entities.
1 See
www.federalreserveconsumerhelp.gov/.
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19:21 Dec 13, 2019
Jkt 250001
Legal authorization and
confidentiality: The FR 1379 family of
forms is authorized pursuant to section
8 of the Federal Deposit Insurance Act
(Section 8) 2 and section 11(a) of the
Federal Reserve Act (Section 11(a)).3
Section 8 provides the Board broad
authority to enforce compliance with
laws against entities within its
jurisdiction, including state member
banks. Section 11(a) broadly empowers
the Board to examine ‘‘the affairs of
each Federal reserve bank and of each
member bank.’’ 4 The Board uses the
information obtained from the FR 1379
to help fulfill these obligations. The
forms comprising the FR 1379 family of
forms are voluntary. Individual
respondents may request that
information submitted to the Board
through the FR 1379 family of forms be
kept confidential on a case-by-case
basis. The Consumer Satisfaction
Questionnaire (FR 1379a) does not
collect any personal information from
the respondent and is not likely to be
considered confidential. Three of the
forms (the FRCH—Consumer Survey
(FR 1379b), Consumer Online
Complaint Form (FR 1379c), and
Appraisal Complaint Form (FR 1379d))
collect personal information, such as the
respondent’s name, contact information,
and information regarding the subject of
the complaint. This personal
information may be kept confidential
under exemption 6 of the FOIA to the
extent disclosure of such information
would constitute an unwarranted
invasion of personal privacy.5 In
addition, information concerning the
subject of a complaint may be kept
confidential under exemption 4 of the
FOIA to the extent it involves trade
secrets and confidential commercial and
financial information.6 With respect to
the Consumer Online Complaint Form
(FR 1379c) and Appraisal Complaint
Form (FR 1379d), determinations
regarding disclosure of the information
to third parties of any confidential
portions of these forms would be made
in accordance with the Privacy Act.7 A
hyperlink directing the applicant to the
relevant Privacy Act statement is
provided in these forms on the Board’s
website.
2 12
U.S.C. 1818.
U.S.C. 248(a).
4 The FR 1379d is additionally authorized
pursuant to Title XI of the Financial Institutions
Reform, Recovery, and Enforcement Act of 1989,
which requires the Board to prescribe standards for
appraisals used by its regulated entities. See, 12
U.S.C. 3331–3355.
5 5 U.S.C. 552(b)(6).
6 5 U.S.C. 552(b)(4).
7 5 U.S.C. 552a(b).
3 12
PO 00000
Frm 00060
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68451
Current actions: On September 10,
2019, the Board published a notice in
the Federal Register (84 FR 47507)
requesting public comment for 60 days
on the extension, without revision, of
the FR 1379. 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. 2019–27038 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 for three
years, with revision, the Reporting and
Disclosure Requirements Related to
Securities of State Member Banks as
Required by Regulation H (FR H–1;
OMB No. 7100–0091). The revisions are
applicable January 1, 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
collections of information conducted or
sponsored by the Board. BoardAGENCY:
E:\FR\FM\16DEN1.SGM
16DEN1
68452
Federal Register / Vol. 84, No. 241 / Monday, December 16, 2019 / Notices
lotter on DSKBCFDHB2PROD with NOTICES
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, With Revision, of the Following
Information Collection
Report title: Reporting and Disclosure
Requirements Related to Securities of
State Member Banks as Required by
Regulation H.
Agency form number: FR H–1.
OMB control number: 7100–0091.
Effective Date: January 1, 2020.
Frequency: Annually, Quarterly, and
on occasion.
Respondents: State member banks
(SMBs).
Estimated number of respondents: 2.
Estimated average hours per response:
Reporting requirements: Form 8–A, 3.0
hours; Form 10, 218 hours; Regulation
12B, 1 hour; Rule 13e–1, 13.0 hours;
Regulation 14C and Schedule 14C, 98.2
hours; Regulation 14D and Schedule
14D, 65.14 hours; Rule 14f–l, 2.0 hours;
Form 10–K, 2395.73 hours; Form 10–Q,
190.42 hours; and Form 8–K, 7.71
hours; Disclosure requirements: Form 3,
0.16 hours; Form 4, 0.16 hours; and
Form 5, 0.16 hours; Reporting and
Disclosure requirements: Regulation
14A and Schedule 14A, 12.75 hours;
Rule 12b–25 and Form 12b–25, 2.50
hours; Rule 13e–3 and Schedule 13E–3,
34.36 hours; and Form 15, 1.50 hours.
Estimated annual burden hours:
Reporting requirements: Form 8–A, 6
hours; Form 10, 436 hours; Regulation
12B, 2 hours; Rule 13e–1, 26 hours;
Regulation 14C and Schedule 14C, 196
hours; Regulation 14D and Schedule
14D, 130 hours; Rule 14f–l, 4 hours;
Form 10–K, 4,791 hours; Form 10–Q,
1,143 hours; and Form 8–K, 15 hours;
Disclosure requirements: Form 3, 0.32
hours; Form 4, 11 hours; and Form 5, 3
hours; Reporting and Disclosure
requirements: Regulation 14A and
Schedule 14A, 26 hours; Rule 12b–25
and Form 12b–25, 5 hours; Rule 13e–3
and Schedule 13E–3, 69 hours; and
Form 15, 3 hours.
General description of report: The
Board’s Regulation H requires SMBs
whose securities are subject to
registration pursuant to the Securities
Exchange Act of 1934 (Exchange Act) 1
to disclose certain information to
shareholders and securities exchanges
and to report information relating to
1 15
U.S.C. 78a et seq.
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19:21 Dec 13, 2019
Jkt 250001
their securities to the Board using forms
adopted by the Securities and Exchange
Commission (SEC) and in compliance
with certain rules and regulations
adopted by the SEC.
Legal authorization and
confidentiality: Various provisions of
the Exchange Act require issuers to file
reports with the SEC and make certain
disclosures, and sections 12(i) and
23(a)(1) of the Exchange Act authorize
the Board to adopt rules and regulations
requiring qualifying SMBs to file those
reports with the Board (15 U.S.C. 78l(i)
and 78w(a)(1)). The FR H–1 is
mandatory. Reports filed with the Board
pursuant to this collection are not
considered confidential and must be
disclosed publically under Regulation H
(12 CFR 208.36(c)(3)). However, a SMB
may request that a report or document
not be disclosed to the public (12 CFR
208.36(d)). Should a SMB request
confidential treatment of such
information, the question of whether the
information is entitled to confidential
treatment would be determined on a
case-by-case basis. Information may be
kept confidential under exemption 4 of
the Freedom of Information Act, which
protects privileged or confidential
commercial or financial information (5
U.S.C. 552(b)(4)).
Current actions: On August 12, 2019,
the Board published an initial notice in
the Federal Register (84 FR 39845)
requesting public comment for 60 days
on the extension, with revision, of the
FR H–1. The Board proposed to revise
the FR H–1 to account for certain
collections of information in SEC
regulations that apply to SMBs with
registered securities (that have not
previously been accounted for) and
revisions made by the SEC to certain
forms and disclosure requirements. The
comment period for this notice expired
on October 11, 2019. The Board did not
receive any comments. The revisions
will be implemented as originally
proposed, effective January 1, 2020.
Board of Governors of the Federal Reserve
System, December 11, 2019.
Ann Misback,
Secretary of the Board.
[FR Doc. 2019–27037 Filed 12–13–19; 8:45 am]
BILLING CODE 6210–01–P
FEDERAL RESERVE SYSTEM
Formations of, Acquisitions by, and
Mergers of Bank Holding Companies
The companies listed in this notice
have applied to the Board for approval,
pursuant to the Bank Holding Company
Act of 1956 (12 U.S.C. 1841 et seq.)
(BHC Act), Regulation Y (12 CFR part
PO 00000
Frm 00061
Fmt 4703
Sfmt 4703
225), and all other applicable statutes
and regulations to become a bank
holding company and/or to acquire the
assets or the ownership of, control of, or
the power to vote shares of a bank or
bank holding company and all of the
banks and nonbanking companies
owned by the bank holding company,
including the companies listed below.
The applications listed below, as well
as other related filings required by the
Board, if any, are available for
immediate inspection at the Federal
Reserve Bank indicated. The
applications will also 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 BHC Act
(12 U.S.C. 1842(c)).
Comments regarding each of these
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 January 9, 2020.
A. Federal Reserve Bank of New York
(Ivan Hurwitz, Senior Vice President) 33
Liberty Street, New York, New York
10045–0001. Comments can also be sent
electronically to
Comments.applications@ny.frb.org:
1. First Bancorp, San Juan, Puerto
Rico; to acquire Santander BanCorp and
thereby indirectly acquire Banco
Santander Puerto Rico, both of San Juan,
Puerto Rico. In addition, FirstBank
Puerto Rico, San Juan, Puerto Rico, to
become a bank holding company for a
moment in time by acquiring Santander
BanCorp and thereby indirectly
acquiring Banco Santander Puerto Rico.
Board of Governors of the Federal Reserve
System, December 10, 2019.
Yao-Chin Chao,
Assistant Secretary of the Board.
[FR Doc. 2019–26973 Filed 12–13–19; 8:45 am]
BILLING CODE 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 Payments
Research Survey (FR 3067; OMB No.
7100–0355).
FOR FURTHER INFORMATION CONTACT:
AGENCY:
E:\FR\FM\16DEN1.SGM
16DEN1
]]>Agencies
[Federal Register Volume 84, Number 241 (Monday, December 16, 2019)]
[Notices]
[Pages 68451-68452]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-27037]
-----------------------------------------------------------------------
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, with revision, the
Reporting and Disclosure Requirements Related to Securities of State
Member Banks as Required by Regulation H (FR H-1; OMB No. 7100-0091).
The revisions are applicable January 1, 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
collections of information conducted or sponsored by the Board. Board-
[[Page 68452]]
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, With Revision, of the Following Information Collection
Report title: Reporting and Disclosure Requirements Related to
Securities of State Member Banks as Required by Regulation H.
Agency form number: FR H-1.
OMB control number: 7100-0091.
Effective Date: January 1, 2020.
Frequency: Annually, Quarterly, and on occasion.
Respondents: State member banks (SMBs).
Estimated number of respondents: 2.
Estimated average hours per response: Reporting requirements: Form
8-A, 3.0 hours; Form 10, 218 hours; Regulation 12B, 1 hour; Rule 13e-1,
13.0 hours; Regulation 14C and Schedule 14C, 98.2 hours; Regulation 14D
and Schedule 14D, 65.14 hours; Rule 14f-l, 2.0 hours; Form 10-K,
2395.73 hours; Form 10-Q, 190.42 hours; and Form 8-K, 7.71 hours;
Disclosure requirements: Form 3, 0.16 hours; Form 4, 0.16 hours; and
Form 5, 0.16 hours; Reporting and Disclosure requirements: Regulation
14A and Schedule 14A, 12.75 hours; Rule 12b-25 and Form 12b-25, 2.50
hours; Rule 13e-3 and Schedule 13E-3, 34.36 hours; and Form 15, 1.50
hours.
Estimated annual burden hours: Reporting requirements: Form 8-A, 6
hours; Form 10, 436 hours; Regulation 12B, 2 hours; Rule 13e-1, 26
hours; Regulation 14C and Schedule 14C, 196 hours; Regulation 14D and
Schedule 14D, 130 hours; Rule 14f-l, 4 hours; Form 10-K, 4,791 hours;
Form 10-Q, 1,143 hours; and Form 8-K, 15 hours; Disclosure
requirements: Form 3, 0.32 hours; Form 4, 11 hours; and Form 5, 3
hours; Reporting and Disclosure requirements: Regulation 14A and
Schedule 14A, 26 hours; Rule 12b-25 and Form 12b-25, 5 hours; Rule 13e-
3 and Schedule 13E-3, 69 hours; and Form 15, 3 hours.
General description of report: The Board's Regulation H requires
SMBs whose securities are subject to registration pursuant to the
Securities Exchange Act of 1934 (Exchange Act) \1\ to disclose certain
information to shareholders and securities exchanges and to report
information relating to their securities to the Board using forms
adopted by the Securities and Exchange Commission (SEC) and in
compliance with certain rules and regulations adopted by the SEC.
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78a et seq.
---------------------------------------------------------------------------
Legal authorization and confidentiality: Various provisions of the
Exchange Act require issuers to file reports with the SEC and make
certain disclosures, and sections 12(i) and 23(a)(1) of the Exchange
Act authorize the Board to adopt rules and regulations requiring
qualifying SMBs to file those reports with the Board (15 U.S.C. 78l(i)
and 78w(a)(1)). The FR H-1 is mandatory. Reports filed with the Board
pursuant to this collection are not considered confidential and must be
disclosed publically under Regulation H (12 CFR 208.36(c)(3)). However,
a SMB may request that a report or document not be disclosed to the
public (12 CFR 208.36(d)). Should a SMB request confidential treatment
of such information, the question of whether the information is
entitled to confidential treatment would be determined on a case-by-
case basis. Information may be kept confidential under exemption 4 of
the Freedom of Information Act, which protects privileged or
confidential commercial or financial information (5 U.S.C. 552(b)(4)).
Current actions: On August 12, 2019, the Board published an initial
notice in the Federal Register (84 FR 39845) requesting public comment
for 60 days on the extension, with revision, of the FR H-1. The Board
proposed to revise the FR H-1 to account for certain collections of
information in SEC regulations that apply to SMBs with registered
securities (that have not previously been accounted for) and revisions
made by the SEC to certain forms and disclosure requirements. The
comment period for this notice expired on October 11, 2019. The Board
did not receive any comments. The revisions will be implemented as
originally proposed, effective January 1, 2020.
Board of Governors of the Federal Reserve System, December 11,
2019.
Ann Misback,
Secretary of the Board.
[FR Doc. 2019-27037 Filed 12-13-19; 8:45 am]
BILLING CODE 6210-01-P
