Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 68451-68452 [2019-27037]

Download as PDF 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/. VerDate Sep<11>2014 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 Fmt 4703 Sfmt 4703 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. VerDate Sep<11>2014 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