Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 73706-73707 [2020-25583]

Download as PDF 73706 Federal Register / Vol. 85, No. 224 / Thursday, November 19, 2020 / Notices report and recommendation from the Increasing Broadband Investment in Low-Income Communities working group, and hear any other updates from the BDAC. This agenda may be modified at the discretion of the BDAC Chair and the Designated Federal Officer (DFO). (5 U.S.C. App 2 § 10(a)(2)) Federal Communications Commission. Pamela Arluk, Chief, Competition Policy Division, Wireline Competition Bureau. [FR Doc. 2020–25544 Filed 11–18–20; 8:45 am] BILLING CODE 6712–01–P FEDERAL COMMUNICATIONS COMMISSION [DA 20–1269; FRS 17247] Media Bureau Lifts Freeze on the Filing of Television Station Minor Modification Applications and Rulemaking Petitions; Correction Federal Communications Commission. AGENCY: ACTION: Notice; correction. The Federal Communications Commission published a document into the Federal Register of November 12, 2020, announcing the effective date that filing freezes will be lifted on petitions for rulemaking to change channels in the DTV Table of Allotments, petitions for rulemaking for new DTV allotments, petitions for rulemaking to change communities of license, including changes in technical parameters, and modification applications that increase a full power or Class A station’s service area beyond an area that is already served. The document contained an incorrect effective date. SUMMARY: FOR FURTHER INFORMATION CONTACT: Joyce L. Bernstein, Video Division, Media Bureau, Federal Communications Commission, Joyce.Bernstein@fcc.gov, (202) 418–1645. SUPPLEMENTARY INFORMATION: Correction In the Federal Register of November 12, 2020, in FR Vol. 85, No. 219, on page 71894, in the second column, correct the ‘‘Dates’’ caption to read: Dates: The filing freezes will be lifted effective November 27, 2020. Federal Communications Commission. Thomas Horan, Chief of Staff, Media Bureau. [FR Doc. 2020–25566 Filed 11–18–20; 8:45 am] BILLING CODE 6712–01–P VerDate Sep<11>2014 19:40 Nov 18, 2020 Jkt 253001 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 December 21, 2020. A. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant Vice President) 230 South LaSalle Street, Chicago, Illinois 60690–1414: 1. Independence Bancshares, Inc., Independence, Iowa; to acquire First State Bank, Sumner, Iowa. Board of Governors of the Federal Reserve System, November 16, 2020. Michele Taylor Fennell, Deputy Associate Secretary of the Board. [FR Doc. 2020–25547 Filed 11–18–20; 8:45 am] BILLING CODE 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. AGENCY: PO 00000 Frm 00037 Fmt 4703 Sfmt 4703 The Board of Governors of the Federal Reserve System (Board) is adopting a proposal to extend for three years, with revision the Annual Daylight Overdraft Capital Report for U.S. Branches and Agencies of Foreign Banks (FR 2225; OMB No. 7100–0216). The revisions are applicable as of October 1, 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 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. SUMMARY: Final Approval Under OMB Delegated Authority of the Extension for Three Years, With Revision, of the Following Information Collection Report title: Annual Daylight Overdraft Capital Report for U.S. Branches and Agencies of Foreign Banks. Agency form number: FR 2225. OMB control number: 7100–0216. Effective date: October 1, 2020. Frequency: Annually. Respondents: Foreign banking organizations (FBOs). Estimated number of respondents: 51. Estimated average hours per response: 1. E:\FR\FM\19NON1.SGM 19NON1 Federal Register / Vol. 85, No. 224 / Thursday, November 19, 2020 / Notices Estimated annual burden hours: 51. General description of report: The FR 2225 is required for FBOs that wish to and are eligible to establish a non-zero net debit cap for their U.S. branches and agencies under the Federal Reserve Policy on Payment System Risk (PSR policy). The FR 2225 reporting form collects information needed to identify the respondent and its fiscal year-end, and collects four items to determine its year-end capital and assets for purposes of daylight overdraft monitoring. The four items, converted into U.S. dollars collected for the capital and assets determination, are: Worldwide capital for the reporting FBO (item 1); an adjustment to avoid double counting of capital used by any direct or indirect subsidiary of the FBO that also has access to Fedwire and has its own net debit cap (item 2); the FBO’s total daylight overdraft capital base for the U.S. branch and agency family (item 3), which is used to calculate the net debit cap; and the reporting FBO’s total worldwide assets (item 4). The Reserve Banks use items 1 and 2 as supplemental information to clarify the data reported in item 3. Federal Reserve staff use the assets data reported in item 4 for analytical purposes. Legal authorization and confidentiality: This information collection is authorized pursuant to section 7(a) of the International Banking Act, 12 U.S.C. 3105(a), which establishes reserve requirements for U.S. branches and agencies of foreign banks, and pursuant to section 13(14) of the Federal Reserve Act (FRA), 12 U.S.C. 347d, which provides that ‘‘each Federal Reserve bank may receive deposits from, discount paper endorsed by, and make advances to any branch or agency of a foreign bank in the same manner and to the same extent that it may exercise such powers with respect to a member bank if such branch or agency is maintaining reserves with such Reserve bank pursuant to section 7 of the International Banking Act of 1978.’’ In addition, sections 11(i), 16, and 19(f) of the FRA, 12 U.S.C. 248(i), 248–1, and 464, continue to provide authority for the collection of the FR 2225. The obligation to respond is required to obtain a benefit (i.e., this information is required in order for an FBO to establish a non-zero net debit cap so that its U.S. branches or agencies may be eligible for intraday credit). The Board does not consider the information collected on the FR 2225 report to be confidential, and the completed version of this report generally is made available to the public upon request. However, in certain instances, specific information collected VerDate Sep<11>2014 19:40 Nov 18, 2020 Jkt 253001 on an individual FBO’s FR 2225 report may be exempt from disclosure pursuant to exemption 4 of the Freedom of Information Act (FOIA), which protects from public disclosure ‘‘trade secrets and commercial or financial information obtained from a person and privileged or confidential’’ (5 U.S.C. 552(b)(4)). A request for confidential treatment must be submitted by the FBO in writing concurrently with the submission of the FR 2225 report. This written request must identify the specific data for which confidential treatment is sought and must provide the legal justification for the confidentiality request, as provided in the Board’s Rules Regarding Availability of Information (12 CFR part 261). The Federal Reserve will review each confidential treatment request on a caseby-case basis to determine if confidential treatment is appropriate. Under the Board’s current rules, the Federal Reserve may subsequently release information for which confidential treatment was requested, if (1) disclosure of such information is required by law (other than 5 U.S.C. 552); (2) the request for confidential treatment (‘‘request’’) was made by the FBO pursuant to 5 U.S.C. 552(b)(4) and more than 10 years have passed since the request; or (3) less than 10 years have passed since the request, but the Board believes that the information cannot be withheld from disclosure under 5 U.S.C. 552(b)(4), and the FBO is provided with written notice of the Board’s views and with an opportunity to object to the Board’s disclosure. Current actions: On June 29, 2020, the Board published a notice in the Federal Register (85 FR 38896) requesting public comment for 60 days on the extension, with revision, of the Annual Daylight Overdraft Capital Report for U.S. Branches and Agencies of Foreign Banks. The Board revised the instructions to remove references to an FBO’s strength of support assessment (SOSA) ranking and its status as a financial holding company (FHC). These changes are related to the revisions to the PSR policy, which the Board implemented on April 1, 2019, and which will take effect on October 1, 2020. The SOSA ranking and FHC status are no longer used for determining an FBO’s eligibility for a positive net debit cap, the size of its net debit cap, and its eligibility to request a streamlined procedure to obtain maximum daylight overdraft capacity. The comment period for this notice expired on August 28, 2020. The Board did not receive any comments. The revisions will be implemented as proposed. PO 00000 Frm 00038 Fmt 4703 Sfmt 4703 73707 Board of Governors of the Federal Reserve System, November 16, 2020. Michele Taylor Fennell, Deputy Associate Secretary of the Board. [FR Doc. 2020–25583 Filed 11–18–20; 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 Quarterly Report of Interest Rates on Selected Direct Consumer Installment Loans and the Quarterly Report of Credit Card Plans. DATES: Comments must be submitted on or before January 19, 2021. ADDRESSES: You may submit comments, identified by FR 2835 or FR 2835a, 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 SUMMARY: E:\FR\FM\19NON1.SGM 19NON1

Agencies

[Federal Register Volume 85, Number 224 (Thursday, November 19, 2020)]
[Notices]
[Pages 73706-73707]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-25583]


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

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 
Annual Daylight Overdraft Capital Report for U.S. Branches and Agencies 
of Foreign Banks (FR 2225; OMB No. 7100-0216). The revisions are 
applicable as of October 1, 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: Annual Daylight Overdraft Capital Report for U.S. 
Branches and Agencies of Foreign Banks.
    Agency form number: FR 2225.
    OMB control number: 7100-0216.
    Effective date: October 1, 2020.
    Frequency: Annually.
    Respondents: Foreign banking organizations (FBOs).
    Estimated number of respondents: 51.
    Estimated average hours per response: 1.

[[Page 73707]]

    Estimated annual burden hours: 51.
    General description of report: The FR 2225 is required for FBOs 
that wish to and are eligible to establish a non-zero net debit cap for 
their U.S. branches and agencies under the Federal Reserve Policy on 
Payment System Risk (PSR policy). The FR 2225 reporting form collects 
information needed to identify the respondent and its fiscal year-end, 
and collects four items to determine its year-end capital and assets 
for purposes of daylight overdraft monitoring. The four items, 
converted into U.S. dollars collected for the capital and assets 
determination, are: Worldwide capital for the reporting FBO (item 1); 
an adjustment to avoid double counting of capital used by any direct or 
indirect subsidiary of the FBO that also has access to Fedwire and has 
its own net debit cap (item 2); the FBO's total daylight overdraft 
capital base for the U.S. branch and agency family (item 3), which is 
used to calculate the net debit cap; and the reporting FBO's total 
worldwide assets (item 4). The Reserve Banks use items 1 and 2 as 
supplemental information to clarify the data reported in item 3. 
Federal Reserve staff use the assets data reported in item 4 for 
analytical purposes.
    Legal authorization and confidentiality: This information 
collection is authorized pursuant to section 7(a) of the International 
Banking Act, 12 U.S.C. 3105(a), which establishes reserve requirements 
for U.S. branches and agencies of foreign banks, and pursuant to 
section 13(14) of the Federal Reserve Act (FRA), 12 U.S.C. 347d, which 
provides that ``each Federal Reserve bank may receive deposits from, 
discount paper endorsed by, and make advances to any branch or agency 
of a foreign bank in the same manner and to the same extent that it may 
exercise such powers with respect to a member bank if such branch or 
agency is maintaining reserves with such Reserve bank pursuant to 
section 7 of the International Banking Act of 1978.'' In addition, 
sections 11(i), 16, and 19(f) of the FRA, 12 U.S.C. 248(i), 248-1, and 
464, continue to provide authority for the collection of the FR 2225. 
The obligation to respond is required to obtain a benefit (i.e., this 
information is required in order for an FBO to establish a non-zero net 
debit cap so that its U.S. branches or agencies may be eligible for 
intraday credit).
    The Board does not consider the information collected on the FR 
2225 report to be confidential, and the completed version of this 
report generally is made available to the public upon request. However, 
in certain instances, specific information collected on an individual 
FBO's FR 2225 report may be exempt from disclosure pursuant to 
exemption 4 of the Freedom of Information Act (FOIA), which protects 
from public disclosure ``trade secrets and commercial or financial 
information obtained from a person and privileged or confidential'' (5 
U.S.C. 552(b)(4)). A request for confidential treatment must be 
submitted by the FBO in writing concurrently with the submission of the 
FR 2225 report. This written request must identify the specific data 
for which confidential treatment is sought and must provide the legal 
justification for the confidentiality request, as provided in the 
Board's Rules Regarding Availability of Information (12 CFR part 261). 
The Federal Reserve will review each confidential treatment request on 
a case-by-case basis to determine if confidential treatment is 
appropriate. Under the Board's current rules, the Federal Reserve may 
subsequently release information for which confidential treatment was 
requested, if (1) disclosure of such information is required by law 
(other than 5 U.S.C. 552); (2) the request for confidential treatment 
(``request'') was made by the FBO pursuant to 5 U.S.C. 552(b)(4) and 
more than 10 years have passed since the request; or (3) less than 10 
years have passed since the request, but the Board believes that the 
information cannot be withheld from disclosure under 5 U.S.C. 
552(b)(4), and the FBO is provided with written notice of the Board's 
views and with an opportunity to object to the Board's disclosure.
    Current actions: On June 29, 2020, the Board published a notice in 
the Federal Register (85 FR 38896) requesting public comment for 60 
days on the extension, with revision, of the Annual Daylight Overdraft 
Capital Report for U.S. Branches and Agencies of Foreign Banks. The 
Board revised the instructions to remove references to an FBO's 
strength of support assessment (SOSA) ranking and its status as a 
financial holding company (FHC). These changes are related to the 
revisions to the PSR policy, which the Board implemented on April 1, 
2019, and which will take effect on October 1, 2020. The SOSA ranking 
and FHC status are no longer used for determining an FBO's eligibility 
for a positive net debit cap, the size of its net debit cap, and its 
eligibility to request a streamlined procedure to obtain maximum 
daylight overdraft capacity. The comment period for this notice expired 
on August 28, 2020. The Board did not receive any comments. The 
revisions will be implemented as proposed.

    Board of Governors of the Federal Reserve System, November 16, 
2020.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2020-25583 Filed 11-18-20; 8:45 am]
BILLING CODE 6210-01-P
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