Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 68452-68453 [2019-27041]
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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
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
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]]>Agencies
[Federal Register Volume 84, Number 241 (Monday, December 16, 2019)]
[Notices]
[Pages 68452-68453]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-27041]
-----------------------------------------------------------------------
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, without revision, the
Payments Research Survey (FR 3067; OMB No. 7100-0355).
FOR FURTHER INFORMATION CONTACT:
[[Page 68453]]
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-
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, 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 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:
---------------------------------------------------------------------------
\1\ 12 U.S.C. 342.
\2\ 12 U.S.C. 360.
\3\ 12 U.S.C. 4001-4010.
\4\ 12 U.S.C. 5001-5018.
\5\ 12 U.S.C. 248.
---------------------------------------------------------------------------
Section 809 of the Dodd-Frank Wall Street Reform and
Consumer Protection Act,\6\
---------------------------------------------------------------------------
\6\ 12 U.S.C. 5468.
---------------------------------------------------------------------------
Section 7 of the Bank Service Company Act,\7\ and
---------------------------------------------------------------------------
\7\ 12 U.S.C. 1867.
---------------------------------------------------------------------------
Section 920 of the Electronic Fund Transfer Act.\8\
---------------------------------------------------------------------------
\8\ 15 U.S.C. 1693o-2.
---------------------------------------------------------------------------
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 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\
---------------------------------------------------------------------------
\9\ 5 U.S.C. 552(b)(4).
\10\ 5 U.S.C. 552(b)(6).
---------------------------------------------------------------------------
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
