Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 6183-6184 [2020-02136]

Download as PDF Federal Register / Vol. 85, No. 23 / Tuesday, February 4, 2020 / Notices Current actions: On October 18, 2019, the Board published a notice in the Federal Register (84 FR 55956) requesting public comment for 60 days on the extension, without revision, of the Filings Related to the Gramm-LeachBliley Act information collection. The comment period for this notice expired on December 17, 2019. The Board did not receive any comments. Board of Governors of the Federal Reserve System, January 30, 2020. Michele Taylor Fennell, Assistant Secretary of the Board. [FR Doc. 2020–02137 Filed 2–3–20; 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 Intermittent Survey of Businesses (FR 1374; OMB No. 7100–0302). The revisions are applicable March 5, 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. Boardapproved collections of information are khammond on DSKJM1Z7X2PROD with NOTICES AGENCY: VerDate Sep<11>2014 17:48 Feb 03, 2020 Jkt 250001 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: Intermittent Survey of Businesses. Agency form number: FR 1374. OMB control number: 7100–0302. Effective Date: The revisions are effective March 5, 2020. Frequency: On occasion. Respondents: Businesses and state and local governments. Estimated number of respondents: 720. Estimated average hours per response: 15 minutes. Estimated annual burden hours: 540. General description of report: The survey data are used to gather information specifically tailored to the Federal Reserve’s policy and operational responsibilities. Currently, this eventgenerated survey is approved to operate in two ways. First, under the guidance of Board staff, the Reserve Banks survey business contacts as economic developments warrant. Although each survey is contemplated to have approximately 2,400 business respondents (about 200 respondents per Reserve Bank), surveys in recent years have had far fewer respondents; occasionally, state and local government officials are surveyed rather than business, in which case there are also far fewer respondents. It is necessary to conduct these surveys to provide timely information to the members of the Board and presidents of the Reserve Banks. Usually, these surveys are conducted by Reserve Bank economists telephoning or emailing purchasing managers, economists, or other knowledgeable individuals at selected, relevant businesses. Reserve Bank staff may also use online survey tools to collect responses to the survey. The frequency and content of the questions, as well as the entities contacted, vary depending on developments in the economy. The draft reporting form provides a sample of the types of questions used in a previous survey to illustrate the format of these surveys. Second, economists at the Board survey business contacts by telephone, inquiring about current business conditions. Board economists conduct these surveys as economic conditions require, with approximately ten respondents for each survey. PO 00000 Frm 00043 Fmt 4703 Sfmt 4703 6183 Legal authorization and confidentiality: The FR 1374 is authorized by sections 2A and 12A of the Federal Reserve Act (FRA). Section 2A of the FRA requires that the Board and the Federal Open Market Committee (FOMC) ‘‘maintain long run growth of the monetary and credit aggregates commensurate with the economy’s long run potential to increase production, so as to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates.’’ 1 Under section 12A of the FRA, the FOMC is required to implement regulations relating to the open market operations conducted by Federal Reserve Banks ‘‘with a view to accommodating commerce and business and with regard to their bearing upon the general credit situation of the country.’’ 2 In order to carry out these objectives, the Board must collect economic data, including by using the FR 1374. Survey submissions are voluntary. Individual respondents may request that information submitted to the Board through a survey under FR 1374 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 under exemption 4 of the Freedom of Information Act (FOIA), which protects privileged or confidential commercial or financial information,3 or any other applicable FOIA exemption. Current actions: On October 25, 2019, the Board published a notice in the Federal Register (84 FR 57428) requesting public comment for 60 days on the extension, with revision, of the FR 1374. For surveys conducted by the Reserve Banks at the direction of the Board, the Board proposes to decrease the number of respondents from 2,400 to 720 (an average of 60 per Reserve Bank). This decrease better reflects the actual number of respondents in recent years. In addition, the Board proposes to discontinue the surveys conducted solely by the Board, as they have not been conducted in recent years and are not anticipated to be needed in the future. The comment period for this notice expired on December 24, 2019. The Board did not receive any comments. 1 12 U.S.C. 225a. U.S.C. 263(c). 3 5 U.S.C. 552(b)(4). 2 12 E:\FR\FM\04FEN1.SGM 04FEN1 6184 Federal Register / Vol. 85, No. 23 / Tuesday, February 4, 2020 / Notices Board of Governors of the Federal Reserve System, January 30, 2020. Michele Taylor Fennell, Assistant Secretary of the Board. [FR Doc. 2020–02136 Filed 2–3–20; 8:45 am] BILLING CODE 6210–01–P FEDERAL RESERVE SYSTEM Change in Bank Control Notices; Acquisitions of Shares of a Savings and Loan Holding Company khammond on DSKJM1Z7X2PROD with NOTICES The notificants listed below have applied under the Change in Bank Control Act (‘‘Act’’) (12 U.S.C. 1817(j)) and of the Board’s Regulation LL (12 CFR 238.31) to acquire shares of a savings and loan holding company. The factors that are considered in acting on the notices are set forth in paragraph 7 of the Act (12 U.S.C. 1817(j)(7)). 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 also will 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 paragraph 7 of the Act. 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 and Constitution Avenue NW, Washington, DC 20551–0001, not later than February 20, 2020. A. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant Vice President) 230 South LaSalle Street, Chicago, Illinois 60690–1414: 1. Cascade Investment, L.L.C., Kirkland, Washington, and sole member William H. Gates III, Medina, Washington; to retain over 10 percent of the voting shares of Deere & Company Inc., Moline, Illinois, and thereby indirectly retain over 10 percent of the voting shares of John Deere Financial, F.S.B., Madison, Wisconsin. Board of Governors of the Federal Reserve System, January 30, 2020. Ann Misback, Secretary of the Board. [FR Doc. 2020–02121 Filed 2–3–20; 8:45 am] BILLING CODE P VerDate Sep<11>2014 17:48 Feb 03, 2020 Jkt 250001 FEDERAL RESERVE SYSTEM Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company The notificants listed below have applied under the Change in Bank Control Act (Act) (12 U.S.C. 1817(j)) and § 225.41 of the Board’s Regulation Y (12 CFR 225.41) to acquire shares of a bank or bank holding company. The factors that are considered in acting on the notices are set forth in paragraph 7 of the Act (12 U.S.C. 1817(j)(7)). 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 paragraph 7 of the Act. 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 and Constitution Avenue NW, Washington, DC 20551–0001, not later than February 19, 2020. A. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant Vice President) 230 South LaSalle Street, Chicago, Illinois 60690–1414: 1. Forsyth Equity Partners, LP, and its general partner Rakesh Alla, both of Rock Island, Illinois; to acquire voting shares of AmBank Holdings, Inc., and thereby indirectly acquire voting shares of American Bank and Trust Company, N.A, both of Davenport, Iowa. B. Federal Reserve Bank of Kansas City (Dennis Denney, Assistant Vice President) 1 Memorial Drive, Kansas City, Missouri 64198–0001: 1. Lois D. Fenster, individually, and as co-trustee of The Lois D. Fenster Living Trust; co-trustee of The Stephen R. Fenster Living Trust; general partner of The Fenster Family Partnership, L.P.; and co-owner (along with Pamela Jennison) of Jennison Investments, Inc., which serves as general partner of The Jennison Family Partnership, L.P., all of Healy, Kansas; to retain voting shares of Security Bancshares, Inc., Scott City, Kansas and thereby indirectly retain voting shares of Farmers & Merchants Bank of Colby, Colby, Kansas; Security State Bank, Scott City, Kansas; and The Farmers State Bank of Oakley, Oakley, Kansas. Additionally, The Fenster Family Partnership, L.P.; The Jennison Family Partnership, L.P.; The Lois D. Fenster Living Trust, Stephen Fenster, PO 00000 Frm 00044 Fmt 4703 Sfmt 4703 as co-trustee; The Stephen R. Fenster Living Trust, Stephen Fenster, as cotrustee, all of Healy, Kansas; Danielle E. Demuth, Pratt, Kansas; Kurt A. Fenster, Indianapolis, Indiana; Neil S. Wilson, Healy, Kansas; and Paul A. Wilson, Stratford, Oklahoma to be approved as members of the Fenster/Jennison Family Group, and to retain voting shares of Security Bancshares, Inc., and thereby indirectly retain voting shares of Farmers & Merchants Bank of Colby, Security State Bank, and The Farmers State Bank of Oakley. Board of Governors of the Federal Reserve System, January 30, 2020. Ann Misback, Secretary of the Board. [FR Doc. 2020–02120 Filed 2–3–20; 8:45 am] BILLING CODE P FEDERAL TRADE COMMISSION Agency Information Collection Activities; Submission to the Office of Management and Budget for Review and Approval; Comment Request Federal Trade Commission. Notice and request for comment. AGENCY: ACTION: The Federal Trade Commission (‘‘FTC’’ or ‘‘Commission’’) requests that the Office of Management and Budget (‘‘OMB’’) extend for an additional three years the current Paperwork Reduction Act (‘‘PRA’’) clearance for its shared enforcement authority with the Consumer Financial Protection Bureau (‘‘CFPB’’) for information collection requirements contained in the CFPB’s Regulation O. That clearance expires on February 29, 2020. DATES: Comments must be submitted on or before March 6, 2020. ADDRESSES: Comments in response to this notice should be submitted to the OMB Desk Officer for the Federal Trade Commission within 30 days of this notice. You may submit comments using any of the following methods: Electronic: Write ‘‘MARS (Regulation O) PRA Comment, FTC File No. P134812’’ on your comment and file your comment online at https:// www.regulations.gov, by following the instructions on the web-based form. Email: MBX.OMB.OIRA.Submission@ OMB.eop.gov. Mail: Office of Information and Regulatory Affairs, Office of Management and Budget, Attention: Desk Officer for the Federal Trade Commission, New Executive Office Building, Docket Library, Room 10102, 725 17th Street NW, Washington, DC 20503. SUMMARY: E:\FR\FM\04FEN1.SGM 04FEN1

Agencies

[Federal Register Volume 85, Number 23 (Tuesday, February 4, 2020)]
[Notices]
[Pages 6183-6184]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-02136]


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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 
Intermittent Survey of Businesses (FR 1374; OMB No. 7100-0302). The 
revisions are applicable March 5, 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-
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: Intermittent Survey of Businesses.
    Agency form number: FR 1374.
    OMB control number: 7100-0302.
    Effective Date: The revisions are effective March 5, 2020.
    Frequency: On occasion.
    Respondents: Businesses and state and local governments.
    Estimated number of respondents: 720.
    Estimated average hours per response: 15 minutes.
    Estimated annual burden hours: 540.
    General description of report: The survey data are used to gather 
information specifically tailored to the Federal Reserve's policy and 
operational responsibilities. Currently, this event-generated survey is 
approved to operate in two ways. First, under the guidance of Board 
staff, the Reserve Banks survey business contacts as economic 
developments warrant. Although each survey is contemplated to have 
approximately 2,400 business respondents (about 200 respondents per 
Reserve Bank), surveys in recent years have had far fewer respondents; 
occasionally, state and local government officials are surveyed rather 
than business, in which case there are also far fewer respondents. It 
is necessary to conduct these surveys to provide timely information to 
the members of the Board and presidents of the Reserve Banks. Usually, 
these surveys are conducted by Reserve Bank economists telephoning or 
emailing purchasing managers, economists, or other knowledgeable 
individuals at selected, relevant businesses. Reserve Bank staff may 
also use online survey tools to collect responses to the survey. The 
frequency and content of the questions, as well as the entities 
contacted, vary depending on developments in the economy. The draft 
reporting form provides a sample of the types of questions used in a 
previous survey to illustrate the format of these surveys. Second, 
economists at the Board survey business contacts by telephone, 
inquiring about current business conditions. Board economists conduct 
these surveys as economic conditions require, with approximately ten 
respondents for each survey.
    Legal authorization and confidentiality: The FR 1374 is authorized 
by sections 2A and 12A of the Federal Reserve Act (FRA). Section 2A of 
the FRA requires that the Board and the Federal Open Market Committee 
(FOMC) ``maintain long run growth of the monetary and credit aggregates 
commensurate with the economy's long run potential to increase 
production, so as to promote effectively the goals of maximum 
employment, stable prices, and moderate long-term interest rates.'' \1\ 
Under section 12A of the FRA, the FOMC is required to implement 
regulations relating to the open market operations conducted by Federal 
Reserve Banks ``with a view to accommodating commerce and business and 
with regard to their bearing upon the general credit situation of the 
country.'' \2\ In order to carry out these objectives, the Board must 
collect economic data, including by using the FR 1374. Survey 
submissions are voluntary.
---------------------------------------------------------------------------

    \1\ 12 U.S.C. 225a.
    \2\ 12 U.S.C. 263(c).
---------------------------------------------------------------------------

    Individual respondents may request that information submitted to 
the Board through a survey under FR 1374 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 under exemption 4 of the Freedom of Information Act 
(FOIA), which protects privileged or confidential commercial or 
financial information,\3\ or any other applicable FOIA exemption.
---------------------------------------------------------------------------

    \3\ 5 U.S.C. 552(b)(4).
---------------------------------------------------------------------------

    Current actions: On October 25, 2019, the Board published a notice 
in the Federal Register (84 FR 57428) requesting public comment for 60 
days on the extension, with revision, of the FR 1374. For surveys 
conducted by the Reserve Banks at the direction of the Board, the Board 
proposes to decrease the number of respondents from 2,400 to 720 (an 
average of 60 per Reserve Bank). This decrease better reflects the 
actual number of respondents in recent years. In addition, the Board 
proposes to discontinue the surveys conducted solely by the Board, as 
they have not been conducted in recent years and are not anticipated to 
be needed in the future. The comment period for this notice expired on 
December 24, 2019. The Board did not receive any comments.


[[Page 6184]]


    Board of Governors of the Federal Reserve System, January 30, 
2020.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2020-02136 Filed 2-3-20; 8:45 am]
BILLING CODE 6210-01-P