Proposed Agency Information Collection Activities; Comment Request, 65049-65050 [2020-22687]
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Federal Register / Vol. 85, No. 199 / Wednesday, October 14, 2020 / Notices
In the event the records are obtained by
the Board as part of an examination or
supervision of a financial institution,
this information may be considered
confidential pursuant to exemption 8 of
the FOIA, which protects information
contained in ‘‘examination, operating,
or condition reports’’ obtained in the
bank supervisory process.4 In addition,
the information may also be kept
confidential under exemption 4 for the
FOIA, which protects commercial or
financial information obtained from a
person that is privileged or
confidential.5
Board of Governors of the Federal Reserve
System, October 7, 2020.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2020–22684 Filed 10–13–20; 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, without revision, the
Disclosure Requirements Associated
with Consumer Financial Protection
Bureau’s (CFPB) Regulation DD (FR DD;
OMB No. 7100–0271).
DATES: Comments must be submitted on
or before December 14, 2020.
ADDRESSES: You may submit comments,
identified by FR DD, 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
jbell on DSKJLSW7X2PROD with NOTICES
SUMMARY:
45
55
U.S.C. 552(b)(8).
U.S.C. 552(b)(4).
VerDate Sep<11>2014
19:15 Oct 13, 2020
Jkt 253001
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:
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.
A copy of the Paperwork Reduction
Act (PRA) OMB submission, including
the reporting form and instructions,
supporting statement, and other
documentation will be available at
https://www.reginfo.gov/public/do/
PRAMain, 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 above.
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
PO 00000
Frm 00024
Fmt 4703
Sfmt 4703
65049
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
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: Disclosure Requirements
Associated with CFPB’s Regulation DD.
Agency form number: FR DD.
OMB control number: 7100–0271.
Frequency: Monthly.
Respondents: Except those that are
supervised by the CFPB, state member
banks, branches of foreign banks (other
than federal branches and insured state
branches of foreign banks), commercial
lending companies owned or controlled
by foreign banks, and organizations
operating under section 25 of the
Federal Reserve Act (12 U.S.C. 601–
604a). The CFPB supervises, among
other institutions, insured depository
institutions with over $10 billion in
assets and their affiliates (including
affiliates that are themselves depository
institutions regardless of asset size and
subsidiaries of such affiliates).
Estimated number of respondents:
Account disclosures, Change in terms
notice, Notices prior to maturity,
Periodic statement disclosure and
additional disclosure requirements for
overdraft services, and Advertising and
additional disclosure requirements for
overdraft services, 835.
Estimated average hours per response:
Account disclosures, 1 hour; Change in
terms notice, 1.5 hours; Notices prior to
maturity, 1.5 hours; Periodic statement
disclosure and additional disclosure
requirements for overdraft services, 8
E:\FR\FM\14OCN1.SGM
14OCN1
jbell on DSKJLSW7X2PROD with NOTICES
65050
Federal Register / Vol. 85, No. 199 / Wednesday, October 14, 2020 / Notices
hours; and Advertising and additional
disclosure requirements for overdraft
services, 0.5 hour.
Estimated annual burden hours:
Account disclosures, 10,020 hours;
Change in terms notice, 15,030 hours;
Notices prior to maturity, 15,030 hours;
Periodic statement disclosure and
additional disclosure requirements for
overdraft services, 80,160 hours; and
Advertising and additional disclosure
requirements for overdraft services,
5,010 hours.
General description of report: The
Truth in Savings Act (TISA) was
contained in the Federal Deposit
Insurance Corporation Improvement Act
of 1991. The purpose of TISA and its
implementing regulation is to assist
consumers in comparing deposit
accounts offered by institutions,
principally through the disclosure of
fees, the annual percentage yield (APY),
and other account terms. TISA requires
depository institutions to disclose key
terms for deposit accounts at account
opening, upon request, when certain
changes in terms occur, and in periodic
statements. It also includes rules about
advertising for deposit accounts. TISA
does not provide exemptions from
compliance for small institutions.
Legal authorization and
confidentiality: Section 269 of TISA
specifically authorizes the CFPB ‘‘to
prescribe regulations’’ to carry out the
purposes and provisions of the Act, as
well as to adopt model forms and
clauses for common disclosures to
facilitate compliance. Regulation DD
implements this statutory provision.
The Board’s imposition of the disclosure
requirements on Board-supervised
institutions is authorized by Section 270
of TISA.
An institution’s disclosure and
recordkeeping obligations under
Regulation DD are mandatory. The
public disclosure requirements of FR
DD are not confidential. The records
maintained under recordkeeping
requirements of FR DD would be
maintained at each banking
organization, and the Freedom of
Information Act (‘‘FOIA’’) would only
be implicated if the Board obtained such
records as part of the examination or
supervision of a banking organization.
In the event the records are obtained by
the Board as part of an examination or
supervision of a financial institution,
this information would be considered
confidential pursuant to exemption 8 of
the FOIA, which protects information
contained in ‘‘examination, operating,
or condition reports’’ obtained in the
bank supervisory process.
VerDate Sep<11>2014
19:15 Oct 13, 2020
Jkt 253001
Board of Governors of the Federal Reserve
System, October 7, 2020.
Michele Taylor Fennell,
Assistant Secretary of the Board.
FEDERAL RESERVE SYSTEM
[FR Doc. 2020–22687 Filed 10–13–20; 8:45 am]
Proposed Agency Information
Collection Activities; Comment
Request
BILLING CODE 6210–01–P
AGENCY:
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 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
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 November 12, 2020.
A. Federal Reserve Bank of Chicago
(Colette A. Fried, Assistant Vice
President) 230 South LaSalle Street,
Chicago, Illinois 60690–1414:
1. FWB Financial Inc., Chicago,
Illinois; to become a bank holding
company by acquiring the voting shares
of FWBank, Chicago, Illinois, a de novo
bank.
Board of Governors of the Federal Reserve
System, October 8, 2020.
Yao-Chin Chao,
Assistant Secretary of the Board.
[FR Doc. 2020–22696 Filed 10–13–20; 8:45 am]
BILLING CODE P
PO 00000
Frm 00025
Fmt 4703
Sfmt 4703
Board of Governors of the
Federal Reserve System.
ACTION: Notice, request for comment.
The Board of Governors of the
Federal Reserve System (Board) invites
comment on a proposal to extend for
three years, with revision, the
Recordkeeping and Disclosure
Provisions Associated with Real Estate
Appraisal Standards (FR Y–30; OMB
No. 7100–0250).
DATES: Comments must be submitted on
or before December 14, 2020.
ADDRESSES: You may submit comments,
identified by FR Y–30, 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:
E:\FR\FM\14OCN1.SGM
14OCN1
]]>Agencies
[Federal Register Volume 85, Number 199 (Wednesday, October 14, 2020)]
[Notices]
[Pages 65049-65050]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-22687]
-----------------------------------------------------------------------
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 Disclosure Requirements Associated with Consumer
Financial Protection Bureau's (CFPB) Regulation DD (FR DD; OMB No.
7100-0271).
DATES: Comments must be submitted on or before December 14, 2020.
ADDRESSES: You may submit comments, identified by FR DD, 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: 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.
A copy of the Paperwork Reduction Act (PRA) OMB submission,
including the reporting form and instructions, supporting statement,
and other documentation will be available at https://www.reginfo.gov/public/do/PRAMain, 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 above.
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 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: Disclosure Requirements Associated with CFPB's
Regulation DD.
Agency form number: FR DD.
OMB control number: 7100-0271.
Frequency: Monthly.
Respondents: Except those that are supervised by the CFPB, state
member banks, branches of foreign banks (other than federal branches
and insured state branches of foreign banks), commercial lending
companies owned or controlled by foreign banks, and organizations
operating under section 25 of the Federal Reserve Act (12 U.S.C. 601-
604a). The CFPB supervises, among other institutions, insured
depository institutions with over $10 billion in assets and their
affiliates (including affiliates that are themselves depository
institutions regardless of asset size and subsidiaries of such
affiliates).
Estimated number of respondents: Account disclosures, Change in
terms notice, Notices prior to maturity, Periodic statement disclosure
and additional disclosure requirements for overdraft services, and
Advertising and additional disclosure requirements for overdraft
services, 835.
Estimated average hours per response: Account disclosures, 1 hour;
Change in terms notice, 1.5 hours; Notices prior to maturity, 1.5
hours; Periodic statement disclosure and additional disclosure
requirements for overdraft services, 8
[[Page 65050]]
hours; and Advertising and additional disclosure requirements for
overdraft services, 0.5 hour.
Estimated annual burden hours: Account disclosures, 10,020 hours;
Change in terms notice, 15,030 hours; Notices prior to maturity, 15,030
hours; Periodic statement disclosure and additional disclosure
requirements for overdraft services, 80,160 hours; and Advertising and
additional disclosure requirements for overdraft services, 5,010 hours.
General description of report: The Truth in Savings Act (TISA) was
contained in the Federal Deposit Insurance Corporation Improvement Act
of 1991. The purpose of TISA and its implementing regulation is to
assist consumers in comparing deposit accounts offered by institutions,
principally through the disclosure of fees, the annual percentage yield
(APY), and other account terms. TISA requires depository institutions
to disclose key terms for deposit accounts at account opening, upon
request, when certain changes in terms occur, and in periodic
statements. It also includes rules about advertising for deposit
accounts. TISA does not provide exemptions from compliance for small
institutions.
Legal authorization and confidentiality: Section 269 of TISA
specifically authorizes the CFPB ``to prescribe regulations'' to carry
out the purposes and provisions of the Act, as well as to adopt model
forms and clauses for common disclosures to facilitate compliance.
Regulation DD implements this statutory provision. The Board's
imposition of the disclosure requirements on Board-supervised
institutions is authorized by Section 270 of TISA.
An institution's disclosure and recordkeeping obligations under
Regulation DD are mandatory. The public disclosure requirements of FR
DD are not confidential. The records maintained under recordkeeping
requirements of FR DD would be maintained at each banking organization,
and the Freedom of Information Act (``FOIA'') would only be implicated
if the Board obtained such records as part of the examination or
supervision of a banking organization. In the event the records are
obtained by the Board as part of an examination or supervision of a
financial institution, this information would be considered
confidential pursuant to exemption 8 of the FOIA, which protects
information contained in ``examination, operating, or condition
reports'' obtained in the bank supervisory process.
Board of Governors of the Federal Reserve System, October 7,
2020.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2020-22687 Filed 10-13-20; 8:45 am]
BILLING CODE 6210-01-P
