Formations of, Acquisitions by, and Mergers of Bank Holding Companies, 31780 [2020-11326]
Download as PDF
<![CDATA[
jbell on DSKJLSW7X2PROD with NOTICES
31780
Federal Register / Vol. 85, No. 102 / Wednesday, May 27, 2020 / Notices
employees may not have the type of
written program summary that is
required of larger contractors under the
OFCCP regulations or any similar
document that could be submitted as a
workforce inclusion plan under the
MWI Clause. Accordingly, such
contractors or subcontractors may need
to create a workforce inclusion plan to
comply with the MWI Clause.
In order to estimate the burden
associated with creating a workforce
inclusion plan, FHFA considered the
OFCCP’s burden estimates for the time
needed to develop the written program
summaries required under its
regulations.9 In its OMB Supporting
Statement, the OFCCP estimated that a
contractor with 50 to 100 employees
would take approximately 73 hours to
create an initial written program
summary. While the OFCCP regulations
require contractors to perform timeconsuming quantitative analyses when
developing their written program
summaries, such analyses would not be
required in connection with the creation
of a workforce inclusion plan. For this
reason, FHFA believes that a contractor
could develop a workforce inclusion
plan in about one-third of the time that
it would take to develop the written
program summary required under the
OFCCP regulations.
FHFA estimates that a contractor or
subcontractor with fewer than 50
employees would spend approximately
25 hours creating a workforce inclusion
plan for the first time. It is likely that,
going forward, many small contractors
and subcontractors will simply submit
updated versions of workforce inclusion
plans that they have submitted
previously. For purposes of this burden
estimate, however, FHFA has assumed
that all small contractors and
subcontractors will need to create a new
plan every time they are required to
submit information under the MWI
clause. This results in an estimated
average triennial recordkeeping burden
on all contractors and subcontractors
with fewer than 50 employees over the
next three years of 450 hours (18
respondents × 25 hours per respondent),
with an annual burden of 150 hours.
As with larger entities, FHFA
estimates that it will take each
contractor and subcontractor with fewer
than 50 employees approximately one
hour to retrieve, review, and submit the
documentation specified in the MWI
Clause. Thus, FHFA estimates that the
average triennial reporting burden on all
9 See PRA Supporting Statement for the OFCCP
Recordkeeping and Requirements-Supply and
Service Program, OMB Control No. 1250–0003, at
https://www.reginfo.gov/public/do/
PRAViewDocument?ref_nbr=201906-1250-001.
VerDate Sep<11>2014
16:59 May 26, 2020
Jkt 250001
contractors and subcontractors with
fewer than 50 employees will be 18
hours (18 respondents × 1 hour per
respondent), with an annual burden of
6 hours.
D. Comment Request
FHFA requests written comments on
the following: (1) Whether the collection
of information is necessary for the
proper performance of FHFA functions,
including whether the information has
practical utility; (2) the accuracy of
FHFA’s estimates of the burdens of the
collection of information; (3) ways to
enhance the quality, utility, and clarity
of the information collected; and (4)
ways to minimize the burden of the
collection of information on
respondents, including through the use
of automated collection techniques or
other forms of information technology.
Robert Winkler,
Chief Information Officer, Federal Housing
Finance Agency.
President) 230 South LaSalle Street,
Chicago, Illinois 60690–1414:
1. Bath State Bancorp Employee Stock
Ownership Plan With 401(k) Provisions,
Bath, Indiana; to become a bank holding
company by acquiring Bath State
Bancorp, and thereby indirectly acquire
control of Bath State Bank, both of Bath,
Indiana.
Board of Governors of the Federal Reserve
System, May 21, 2020.
Yao-Chin Chao,
Assistant Secretary of the Board.
[FR Doc. 2020–11326 Filed 5–26–20; 8:45 am]
BILLING CODE P
FEDERAL TRADE COMMISSION
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request
AGENCY:
Federal Trade Commission
(FTC).
Notice and request for comment.
[FR Doc. 2020–11259 Filed 5–26–20; 8:45 am]
ACTION:
BILLING CODE 8070–01–P
The FTC requests that the
Office of Management and Budget
(OMB) extend for three years the current
Paperwork Reduction Act (PRA)
clearance for information collection
requirements contained in the Informal
Dispute Settlement Procedures Rule (the
Dispute Settlement Rule or the Rule).
The current clearance expires on May
31, 2020.
DATES: Comments must be received by
June 26, 2020.
ADDRESSES: Written comments and
recommendations for the proposed
information collection should be sent
within 30 days of publication of this
notice to www.reginfo.gov/public/do/
PRAMain. Find this particular
information collection by selecting
‘‘Currently under 30-day Review—Open
for Public Comments’’ or by using the
search function. The reginfo.gov web
link is a United States Government
website produced by OMB and the
General Services Administration (GSA).
Under PRA requirements, OMB’s Office
of Information and Regulatory Affairs
(OIRA) reviews Federal information
collections.
FOR FURTHER INFORMATION CONTACT:
Christine M. Todaro, Attorney, Division
of Marketing Practices, Bureau of
Consumer Protection, Federal Trade
Commission, 600 Pennsylvania Avenue
NW, Washington, DC 20580, (202) 326–
3711.
SUPPLEMENTARY INFORMATION:
Title: Informal Dispute Settlement
Procedures Rule (the Dispute Settlement
Rule or the Rule), 16 CFR part 703.
OMB Control Number: 3084–0113.
SUMMARY:
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
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 June 25, 2020.
A. Federal Reserve Bank of Chicago
(Colette A. Fried, Assistant Vice
PO 00000
Frm 00045
Fmt 4703
Sfmt 4703
E:\FR\FM\27MYN1.SGM
27MYN1
]]>Agencies
[Federal Register Volume 85, Number 102 (Wednesday, May 27, 2020)]
[Notices]
[Page 31780]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-11326]
=======================================================================
-----------------------------------------------------------------------
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 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 June 25, 2020.
A. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant
Vice President) 230 South LaSalle Street, Chicago, Illinois 60690-1414:
1. Bath State Bancorp Employee Stock Ownership Plan With 401(k)
Provisions, Bath, Indiana; to become a bank holding company by
acquiring Bath State Bancorp, and thereby indirectly acquire control of
Bath State Bank, both of Bath, Indiana.
Board of Governors of the Federal Reserve System, May 21, 2020.
Yao-Chin Chao,
Assistant Secretary of the Board.
[FR Doc. 2020-11326 Filed 5-26-20; 8:45 am]
BILLING CODE P
