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