Proposed Agency Information Collection Activities; Comment Request, 51718-51719 [2020-18368]

Download as PDF 51718 Federal Register / Vol. 85, No. 163 / Friday, August 21, 2020 / Notices FEDERAL RESERVE SYSTEM FEDERAL RESERVE SYSTEM Notice of Proposals To Engage in or To Acquire Companies Engaged in Permissible Nonbanking Activities Proposed Agency Information Collection Activities; Comment Request jbell on DSKJLSW7X2PROD with NOTICES 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. The public portions of 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(s) indicated below and at the offices of the Board of Governors. This information may also be obtained on an expedited basis, upon request, by contacting the appropriate Federal Reserve Bank and from the Board’s Freedom of Information Office at https://www.federalreserve.gov/foia/ request.htm. 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 NW, Washington, DC 20551–0001, not later than September 8, 2020. A. Federal Reserve Bank of Minneapolis (Chris P. Wangen, Assistant Vice President), 90 Hennepin Avenue, Minneapolis, Minnesota 55480–0291: 1. Welcome Bancshares, Inc., Welcome, Minnesota; to engage, de novo, in extending credit and servicing loans pursuant to section 225.28(b)(1) of Regulation Y. Board of Governors of the Federal Reserve System, August 18, 2020. Yao-Chin Chao, Assistant Secretary of the Board. [FR Doc. 2020–18406 Filed 8–20–20; 8:45 am] BILLING CODE 6210–01–P VerDate Sep<11>2014 19:04 Aug 20, 2020 Jkt 250001 Board of Governors of the Federal Reserve System. ACTION: Notice, request for comment. AGENCY: The Board of Governors of the Federal Reserve System (Board) invites comment on a proposal to extend for three years, without revision, the Application for Exemption from Prohibited Service at Savings and Loan Holding Companies (FR LL–12; OMB No. 7100–0338). DATES: Comments must be submitted on or before October 20, 2020. ADDRESSES: You may submit comments, identified by FR LL–12, by any of the following methods: • Agency website: https:// www.federalreserve.gov/. Follow the instructions for submitting comments at https://www.federalreserve.gov/apps/ foia/proposedregs.aspx. • Email: regs.comments@ federalreserve.gov. Include the OMB number in the subject line of the message. • Fax: (202) 452–3819 or (202) 452– 3102. • Mail: Ann E. Misback, Secretary, Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue NW, Washington, DC 20551. All public comments are available from the Board’s website at https:// www.federalreserve.gov/apps/foia/ proposedregs.aspx as submitted, unless modified for technical reasons or to remove personally identifiable information at the commenter’s request. Accordingly, comments will not be edited to remove any identifying or contact information. Public comments may also be viewed electronically or in paper in Room 146, 1709 New York Avenue NW, Washington, DC 20006, between 9:00 a.m. and 5:00 p.m. on weekdays. For security reasons, the Board requires that visitors make an appointment to inspect comments. You may do so by calling (202) 452–3684. Upon arrival, visitors will be required to present valid government-issued photo identification and to submit to security screening in order to inspect and photocopy comments. Additionally, commenters may send a copy of their comments to the 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, SUMMARY: PO 00000 Frm 00045 Fmt 4703 Sfmt 4703 725 17th Street NW, Washington, DC 20503, or by fax to (202) 395–6974. FOR FURTHER INFORMATION CONTACT: 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, if approved. These documents will also be made available on the 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 below. 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. 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. In exercising this delegated authority, the Board is directed to take every reasonable step to solicit comment. In determining whether to approve a collection of information, the Board will consider all comments received from the public and other agencies. Request for Comment on Information Collection Proposal The Board invites public comment on the following information collection, which is being reviewed under authority delegated by the OMB under the PRA. Comments are invited on the following: a. Whether the proposed collection of information is necessary for the proper performance of the Board’s functions, including whether the information has practical utility; b. The accuracy of the Board’s estimate of the burden of the proposed information collection, including the validity of the methodology and assumptions used; c. Ways to enhance the quality, utility, and clarity of the information to be collected; d. Ways to minimize the burden of information collection on respondents, including through the use of automated collection techniques or other forms of information technology; and e. Estimates of capital or startup costs and costs of operation, maintenance, and purchase of services to provide information. At the end of the comment period, the comments and recommendations received will be analyzed to determine E:\FR\FM\21AUN1.SGM 21AUN1 Federal Register / Vol. 85, No. 163 / Friday, August 21, 2020 / Notices jbell on DSKJLSW7X2PROD with NOTICES the extent to which the Board should modify the proposal. Proposal Under OMB Delegated Authority to Extend for Three Years, Without Revision, the Following Information Collection Report title: Application for Exemption from Prohibited Service at Savings and Loan Holding Companies. Agency form number: FR LL–12. OMB control number: 7100–0338. Frequency: As needed. Respondents: Savings and loan holding companies (SLHCs) and prohibited persons that seek to participate in the affairs of an SLHC. Estimated number of respondents: Individuals: 43; SLHCs: 2. Estimated average hours per response: Individuals: 16 hours; SLHCs: 16 hours. Estimated annual burden hours: Individuals: 688 hours; SLHCs: 32 hours; total: 720 hours. General description of report: The Federal Deposit Insurance (FDI) Act and the Board’s Regulation LL (12 CFR part 238) prohibit individuals who have been convicted of certain criminal offenses or who have agreed to enter into a pretrial diversion or similar program in connection with a prosecution for such criminal offenses from participating in the affairs of a SLHC or any of its subsidiaries without the written consent of the Board. Such an individual, or the SLHC with which the individual seeks to participate, may apply for an exemption from this prohibition. All prohibited persons and SLHCs that seek an exemption are subject to the application requirements of subpart I of Regulation LL. An applicant must provide information regarding the position at the SLHC held or to be held by the prohibited person, the prohibited person’s level of ownership of the SLHC, the specific nature of the offense involved, evidence of rehabilitation, and other relevant factors listed in section 238.88(b) of Regulation LL (12 CFR 238.88(b)). An applicant may submit this information in a letter or by using the Federal Deposit Insurance Corporation’s (FDIC) Application Pursuant to Section 19 of the Federal Deposit Insurance Act (OMB No. 3064– 0018). The SLHC or prohibited person may seek an exemption only for a designated position (or positions) with respect to an SLHC identified in the application. Legal authorization and confidentiality: The FR LL–12 is authorized by section 19(e)(2) of the FDI Act, under which the ‘‘Board . . . may provide exemptions [from the prohibition] by regulation or order . . . VerDate Sep<11>2014 19:04 Aug 20, 2020 Jkt 250001 if the exemption is consistent with the purposes of this subsection.’’ The FR LL–12 is required to obtain a benefit. Individual respondents may request that information submitted to the Board through the FR LL–12 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 the FR LL–12 may be kept confidential under exemption 4 for the Freedom of Information Act (FOIA), which protects privileged or confidential commercial or financial information, or under FOIA exemption 6, which covers personal information, the disclosure of which would constitute an unwarranted invasion of privacy. Additionally, to the extent the FR LL–12 contains information extracted from examination reports, it may be withheld from disclosure under FOIA exemption 8, which protects information ‘‘related to examination, operating, or condition reports.’’ Consultation outside the agency: The Board consulted with the FDIC on the burden estimate and the use of their form for Board submissions. Board of Governors of the Federal Reserve System, August 17, 2020. Michele Taylor Fennell, Assistant Secretary of the Board. [FR Doc. 2020–18368 Filed 8–20–20; 8:45 am] BILLING CODE 6210–01–P FEDERAL RESERVE SYSTEM Proposed Agency Information Collection Activities; Comment Request Board of Governors of the Federal Reserve System. ACTION: Notice, request for comment. AGENCY: The Board of Governors of the Federal Reserve System (Board) invites comment on a proposal to extend for three years, with revision, the Consolidated Holding Company Report of Equity Investments in Nonfinancial Companies (FR Y–12; OMB No. 7100– 0300) and the Annual Report of Merchant Banking Investments Held for an Extended Period (FR Y–12A; OMB No. 7100–0300). DATES: Comments must be submitted on or before October 20, 2020. ADDRESSES: You may submit comments, identified by FR Y–12 or FR Y–12A, by any of the following methods: • Agency website: https:// www.federalreserve.gov/. Follow the instructions for submitting comments at SUMMARY: PO 00000 Frm 00046 Fmt 4703 Sfmt 4703 51719 https://www.federalreserve.gov/apps/ foia/proposedregs.aspx. • Email: regs.comments@ federalreserve.gov. Include the OMB number in the subject line of the message. • Fax: (202) 452–3819 or (202) 452– 3102. • Mail: Ann E. Misback, Secretary, Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue NW, Washington, DC 20551. All public comments are available from the Board’s website at https:// www.federalreserve.gov/apps/foia/ proposedregs.aspx as submitted, unless modified for technical reasons or to remove personally identifiable information at the commenter’s request. Accordingly, comments will not be edited to remove any identifying or contact information. Public comments may also be viewed electronically or in paper in Room 146, 1709 New York Avenue NW, Washington, DC 20006, between 9:00 a.m. and 5:00 p.m. on weekdays. For security reasons, the Board requires that visitors make an appointment to inspect comments. You may do so by calling (202) 452–3684. Upon arrival, visitors will be required to present valid government-issued photo identification and to submit to security screening in order to inspect and photocopy comments. Additionally, commenters may send a copy of their comments to the 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. FOR FURTHER INFORMATION CONTACT: 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, if approved. These documents will also be made available on the 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 below. 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. SUPPLEMENTARY INFORMATION: On June 15, 1984, OMB delegated to the Board authority under the PRA to approve and assign OMB control numbers to E:\FR\FM\21AUN1.SGM 21AUN1

Agencies

[Federal Register Volume 85, Number 163 (Friday, August 21, 2020)]
[Notices]
[Pages 51718-51719]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-18368]


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FEDERAL RESERVE SYSTEM


Proposed Agency Information Collection Activities; Comment 
Request

AGENCY: Board of Governors of the Federal Reserve System.

ACTION: Notice, request for comment.

-----------------------------------------------------------------------

SUMMARY: The Board of Governors of the Federal Reserve System (Board) 
invites comment on a proposal to extend for three years, without 
revision, the Application for Exemption from Prohibited Service at 
Savings and Loan Holding Companies (FR LL-12; OMB No. 7100-0338).

DATES: Comments must be submitted on or before October 20, 2020.

ADDRESSES: You may submit comments, identified by FR LL-12, by any of 
the following methods:
     Agency website: https://www.federalreserve.gov/. Follow 
the instructions for submitting comments at https://www.federalreserve.gov/apps/foia/proposedregs.aspx.
     Email: [email protected]. Include the OMB 
number in the subject line of the message.
     Fax: (202) 452-3819 or (202) 452-3102.
     Mail: Ann E. Misback, Secretary, Board of Governors of the 
Federal Reserve System, 20th Street and Constitution Avenue NW, 
Washington, DC 20551.
    All public comments are available from the Board's website at 
https://www.federalreserve.gov/apps/foia/proposedregs.aspx as 
submitted, unless modified for technical reasons or to remove 
personally identifiable information at the commenter's request. 
Accordingly, comments will not be edited to remove any identifying or 
contact information. Public comments may also be viewed electronically 
or in paper in Room 146, 1709 New York Avenue NW, Washington, DC 20006, 
between 9:00 a.m. and 5:00 p.m. on weekdays. For security reasons, the 
Board requires that visitors make an appointment to inspect comments. 
You may do so by calling (202) 452-3684. Upon arrival, visitors will be 
required to present valid government-issued photo identification and to 
submit to security screening in order to inspect and photocopy 
comments.
    Additionally, commenters may send a copy of their comments to the 
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.

FOR FURTHER INFORMATION CONTACT: 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, if approved. These documents will also be made 
available on the 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 below.
    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.

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. In 
exercising this delegated authority, the Board is directed to take 
every reasonable step to solicit comment. In determining whether to 
approve a collection of information, the Board will consider all 
comments received from the public and other agencies.

Request for Comment on Information Collection Proposal

    The Board invites public comment on the following information 
collection, which is being reviewed under authority delegated by the 
OMB under the PRA. Comments are invited on the following:
    a. Whether the proposed collection of information is necessary for 
the proper performance of the Board's functions, including whether the 
information has practical utility;
    b. The accuracy of the Board's estimate of the burden of the 
proposed information collection, including the validity of the 
methodology and assumptions used;
    c. Ways to enhance the quality, utility, and clarity of the 
information to be collected;
    d. Ways to minimize the burden of information collection on 
respondents, including through the use of automated collection 
techniques or other forms of information technology; and
    e. Estimates of capital or startup costs and costs of operation, 
maintenance, and purchase of services to provide information.
    At the end of the comment period, the comments and recommendations 
received will be analyzed to determine

[[Page 51719]]

the extent to which the Board should modify the proposal.

Proposal Under OMB Delegated Authority to Extend for Three Years, 
Without Revision, the Following Information Collection

    Report title: Application for Exemption from Prohibited Service at 
Savings and Loan Holding Companies.
    Agency form number: FR LL-12.
    OMB control number: 7100-0338.
    Frequency: As needed.
    Respondents: Savings and loan holding companies (SLHCs) and 
prohibited persons that seek to participate in the affairs of an SLHC.
    Estimated number of respondents: Individuals: 43; SLHCs: 2.
    Estimated average hours per response: Individuals: 16 hours; SLHCs: 
16 hours.
    Estimated annual burden hours: Individuals: 688 hours; SLHCs: 32 
hours; total: 720 hours.
    General description of report: The Federal Deposit Insurance (FDI) 
Act and the Board's Regulation LL (12 CFR part 238) prohibit 
individuals who have been convicted of certain criminal offenses or who 
have agreed to enter into a pretrial diversion or similar program in 
connection with a prosecution for such criminal offenses from 
participating in the affairs of a SLHC or any of its subsidiaries 
without the written consent of the Board. Such an individual, or the 
SLHC with which the individual seeks to participate, may apply for an 
exemption from this prohibition.
    All prohibited persons and SLHCs that seek an exemption are subject 
to the application requirements of subpart I of Regulation LL. An 
applicant must provide information regarding the position at the SLHC 
held or to be held by the prohibited person, the prohibited person's 
level of ownership of the SLHC, the specific nature of the offense 
involved, evidence of rehabilitation, and other relevant factors listed 
in section 238.88(b) of Regulation LL (12 CFR 238.88(b)). An applicant 
may submit this information in a letter or by using the Federal Deposit 
Insurance Corporation's (FDIC) Application Pursuant to Section 19 of 
the Federal Deposit Insurance Act (OMB No. 3064-0018). The SLHC or 
prohibited person may seek an exemption only for a designated position 
(or positions) with respect to an SLHC identified in the application.
    Legal authorization and confidentiality: The FR LL-12 is authorized 
by section 19(e)(2) of the FDI Act, under which the ``Board . . . may 
provide exemptions [from the prohibition] by regulation or order . . . 
if the exemption is consistent with the purposes of this subsection.'' 
The FR LL-12 is required to obtain a benefit.
    Individual respondents may request that information submitted to 
the Board through the FR LL-12 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 the FR LL-12 may be kept 
confidential under exemption 4 for the Freedom of Information Act 
(FOIA), which protects privileged or confidential commercial or 
financial information, or under FOIA exemption 6, which covers personal 
information, the disclosure of which would constitute an unwarranted 
invasion of privacy. Additionally, to the extent the FR LL-12 contains 
information extracted from examination reports, it may be withheld from 
disclosure under FOIA exemption 8, which protects information ``related 
to examination, operating, or condition reports.''
    Consultation outside the agency: The Board consulted with the FDIC 
on the burden estimate and the use of their form for Board submissions.

    Board of Governors of the Federal Reserve System, August 17, 
2020.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2020-18368 Filed 8-20-20; 8:45 am]
BILLING CODE 6210-01-P