Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 80788-80789 [2020-27372]

Download as PDF 80788 Federal Register / Vol. 85, No. 240 / Monday, December 14, 2020 / Notices Board of Governors of the Federal Reserve System, December 9, 2020. Michele Taylor Fennell, Deputy Associate Secretary of the Board. FEDERAL RESERVE SYSTEM jbell on DSKJLSW7X2PROD with NOTICES 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 January 13, 2021. A. Federal Reserve Bank of Richmond (Adam M. Drimer, Assistant Vice President) 701 East Byrd Street, Richmond, Virginia 23219. Comments can also be sent electronically to or Comments.applications@rich.frb.org: 1. First Citizens BancShares, Inc., Raleigh, North Carolina; to acquire CIT Group, Inc., New York, New York, and thereby indirectly acquire CIT Bank, National Association, Pasadena, California. B. Federal Reserve Bank of Kansas City (Dennis Denney, Assistant Vice President) 1 Memorial Drive, Kansas City, Missouri 64198–0001: 1. The First National Bancshares, Inc. Profit Sharing and ESOP Trust, Goodland, Kansas; to retain additional voting shares of First National Bancshares, Inc., and thereby indirectly retain additional voting shares of FNB Bank, both of Goodland, Kansas. VerDate Sep<11>2014 03:24 Dec 12, 2020 Jkt 253001 [FR Doc. 2020–27457 Filed 12–11–20; 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. SUMMARY: The Board of Governors of the Federal Reserve System (Board) is adopting a proposal to without revision, the Recordkeeping Requirements Associated with the Real Estate Lending Standards Regulation for State Member Banks (FR H–5; OMB No. 7100–0261). 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. 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. The OMB inventory, as well as copies of the PRA Submission, supporting statements, and approved collection of information instrument(s) are available at https:// www.reginfo.gov/public/do/PRAMain. These documents are also 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. AGENCY: Final Approval Under OMB Delegated Authority of the Extension for Three Years, Without Revision, of the Following Information Collection Report title: Recordkeeping Requirements Associated with the Real Estate Lending Standards Regulation for State Member Banks. PO 00000 Frm 00028 Fmt 4703 Sfmt 4703 Agency form number: FR H–5. OMB control number: 7100–0261. Frequency: Policy statement, annually; policy statement (de novo), annually; recordkeeping for loans with loan-to-value (LTV’s) that exceed supervisory limits and maintaining a system of review, quarterly. Respondents: State member banks. Estimated number of respondents: 754. Estimated average hours per response: Policy statement, 5; policy statement (de novo), 20; recordkeeping for loans with LTV’s that exceed supervisory limits and maintaining a system of review, 5. Estimated annual burden hours: Policy statement, 3,770; policy statement (de novo), 20; recordkeeping for loans with LTV’s that exceed supervisory limits and maintaining a system of review, 15,080. General description of report: Pursuant to the Board’s Regulation H, state member banks (SMBs) must adopt and maintain a written real estate lending policy. Additionally, this information collection includes certain voluntary recordkeeping provisions in the Interagency Guidelines for Real Estate Lending Policies (Guidelines).1 Legal authorization and confidentiality: The FR H–5 is authorized by section 304 of the Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA),2 which provides that ‘‘each appropriate Federal banking agency shall adopt uniform regulations prescribing standards for extensions of credit that are—(A) secured by liens on interests in real estate; or (B) made for the purpose of financing the construction of a building or other improvements to real estate.’’ 3 The recordkeeping requirement contained in the Board’s Regulation H is mandatory. The recordkeeping provisions in the Guidelines are voluntary, as the Guidelines are nonbinding guidance. Because these records would be maintained at each banking organization, 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 may be considered confidential pursuant to exemption 8 of the FOIA, which protects information 1 See 12 CFR part 208, Appendix C. U.S.C. 1828(o). 3 12 U.S.C. 1828(o)(1). The Board also has the authority to require reports from state member banks (12 U.S.C. 248(a) and 324). 2 12 E:\FR\FM\14DEN1.SGM 14DEN1 Federal Register / Vol. 85, No. 240 / Monday, December 14, 2020 / Notices 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 of the FOIA, which protects ‘‘commercial or financial information obtained from a person [that is] privileged or confidential.’’ 5 Current actions: On August 21, 2020, the Board published an initial notice in the Federal Register (85 FR 51716) requesting public comment for 60 days on the extension, without revision, of the FR H–5. The comment period for this notice expired October 20, 2020.The Board did not receive any comments. Board of Governors of the Federal Reserve System, December 8, 2020. Michele Taylor Fennell, Deputy Associate Secretary of the Board. [FR Doc. 2020–27372 Filed 12–11–20; 8:45 am] BILLING CODE 6210–01–P FEDERAL RETIREMENT THRIFT INVESTMENT BOARD Notice of Board Meeting December 21, 2020 at 10:00 a.m. Telephonic. Dial-in (listen only) information: Number: 1–877–446– 3914, Code: 2205917. FOR FURTHER INFORMATION CONTACT: Kimberly Weaver, Director, Office of External Affairs, (202) 942–1640. SUPPLEMENTARY INFORMATION: DATES: ADDRESSES: Board Meeting Agenda Open Session 1. Approval of the November 16, 2020 Board Meeting Minutes 2. Monthly Reports (a) Participant Activity Reports (b) Investment Performance (c) Legislative Report 3. Quarterly Reports (d) Vendor Risk Management Update Closed Session 4. Information covered under 5 U.S.C. 552b(c)(4). Informational Session 5. Ethics and Fiduciary Training jbell on DSKJLSW7X2PROD with NOTICES Authority: 5 U.S.C. 552b(e)(1). Dated: December 9, 2020. Dharmesh Vashee, Acting General Counsel, Federal Retirement Thrift Investment Board. [FR Doc. 2020–27401 Filed 12–11–20; 8:45 am] BILLING CODE 6760–01–P 45 55 U.S.C. 552(b)(8). U.S.C. 552(b)(4). VerDate Sep<11>2014 02:51 Dec 12, 2020 Jkt 253001 80789 GENERAL SERVICES ADMINISTRATION information enumerated under the Transparency Act. [OMB Control No. 3090–0292; Docket No. 2020–0001; Sequence No. 2] B. Annual Reporting Burden Sub-award Responses: 107,614. Hours Per Response: 1. Total Burden Hours: 107,614. Executive Compensation Responses: 41,298. Hours Per Response: 1. Total Burden Hours: 41,298. Total Annual Burden Hours: 148,912. Submission for OMB Review; FFATA Subaward and Executive Compensation Reporting Requirements Office of the Integrated Award Environment, General Services Administration (GSA). ACTION: Notice of request for comments regarding an extension to an existing OMB information collection. AGENCY: Under the provisions of the Paperwork Reduction Act of 1995, the Regulatory Secretariat Division will be submitting to the Office of Management and Budget (OMB) a request to review and approve a renewal of the currently approved information collection requirement regarding FFATA Subaward and Executive Compensation Reporting Requirements. DATES: Submit comments on or before January 13, 2021. ADDRESSES: Written comments and recommendations for this 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 Review—Open for Public Comments’’ or by using the search function. FOR FURTHER INFORMATION CONTACT: Nancy Goode, Director, Office of Stakeholder Engagement, Office of the Integrated Award Environment, GSA, at telephone number 703–605–2175; or via email at nancy.goode@gsa.gov. SUPPLEMENTARY INFORMATION: SUMMARY: A. Purpose The Federal Funding Accountability and Transparency Act (Pub. L. 109–282, as amended by section 6202(a) of Pub. L. 110–252), known as FFATA or the Transparency Act requires information disclosure of entities receiving Federal financial assistance through Federal awards such as Federal contracts, subcontracts, grants and sub-grants, FFATA 2(a),(2),(i),(ii). Beginning October 1, 2010, the currently approved Paperwork Reduction Act submission directed compliance with the Transparency Act to report prime and first-tier sub-award data. Specifically, Federal agencies and prime awardees of grants were to ensure disclosure of executive compensation of both prime and subawardees and subaward data pursuant to the Transparency Act. This information collection requires reporting of only the PO 00000 Frm 00029 Fmt 4703 Sfmt 9990 C. Public Comments A 60-day notice published in the Federal Register at 85 FR 52351 on August 25, 2020. Two comments were received. However, they did not change the estimate of the burden. Comment 1: Why is this collection of information necessary and what is the utility? Here are recommendations for improvement. Response: This Information Collection is specific to the revisions of Title 2 of the Code of Federal Regulations (2 CFR) published in 85 FR 49506 on August 13, 2020 affecting Federal grants and agreements guidance. The information is required by the Federal Funding Accountability and Transparency Act (FFATA) of 2006 (Pub. L.109—282), as amended by the Digital Accountability and Transparency Act (DATA) of 2014 (Pub. L. 113—101). The intent of which is to make information on Federal expenditures more easily accessible and transparent for the public. Exceptions for specific entities and the timing requirement for the reporting cycle for reporting subaward and executive compensation information are provided in 2 CFR part 170, which aligns with the exceptions provided in the statute. Also, non-Federal entities seeking Federal financial assistance, unless otherwise exempt, are required to attain a unique entity identifier—currently the DUNS—in accordance with 2 CFR part 25. Comment 2: Coronavirus warning. Response: Not relevant to this information collection. Obtaining Copies of Proposals: Requesters may obtain a copy of the information collection documents from the General Services Administration, Regulatory Secretariat Division (MVCB), 1800 F Street NW, Washington, DC 20405, telephone 202–501–4755. Please cite OMB Control No. 3090–0292, FFATA Subaward and Executive Compensation Reporting Requirements, in all correspondence. Beth Anne Killoran, Chief Information Officer, General Services Administration. [FR Doc. 2020–27428 Filed 12–11–20; 8:45 am] BILLING CODE 6820–WY–P E:\FR\FM\14DEN1.SGM 14DEN1

Agencies

[Federal Register Volume 85, Number 240 (Monday, December 14, 2020)]
[Notices]
[Pages 80788-80789]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-27372]


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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 without revision, the Recordkeeping 
Requirements Associated with the Real Estate Lending Standards 
Regulation for State Member Banks (FR H-5; OMB No. 7100-0261).

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.

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. The OMB 
inventory, as well as copies of the PRA Submission, supporting 
statements, and approved collection of information instrument(s) are 
available at https://www.reginfo.gov/public/do/PRAMain. These documents 
are also 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.

Final Approval Under OMB Delegated Authority of the Extension for Three 
Years, Without Revision, of the Following Information Collection

    Report title: Recordkeeping Requirements Associated with the Real 
Estate Lending Standards Regulation for State Member Banks.
    Agency form number: FR H-5.
    OMB control number: 7100-0261.
    Frequency: Policy statement, annually; policy statement (de novo), 
annually; recordkeeping for loans with loan-to-value (LTV's) that 
exceed supervisory limits and maintaining a system of review, 
quarterly.
    Respondents: State member banks.
    Estimated number of respondents: 754.
    Estimated average hours per response: Policy statement, 5; policy 
statement (de novo), 20; recordkeeping for loans with LTV's that exceed 
supervisory limits and maintaining a system of review, 5.
    Estimated annual burden hours: Policy statement, 3,770; policy 
statement (de novo), 20; recordkeeping for loans with LTV's that exceed 
supervisory limits and maintaining a system of review, 15,080.
    General description of report: Pursuant to the Board's Regulation 
H, state member banks (SMBs) must adopt and maintain a written real 
estate lending policy. Additionally, this information collection 
includes certain voluntary recordkeeping provisions in the Interagency 
Guidelines for Real Estate Lending Policies (Guidelines).\1\
---------------------------------------------------------------------------

    \1\ See 12 CFR part 208, Appendix C.
---------------------------------------------------------------------------

    Legal authorization and confidentiality: The FR H-5 is authorized 
by section 304 of the Federal Deposit Insurance Corporation Improvement 
Act of 1991 (FDICIA),\2\ which provides that ``each appropriate Federal 
banking agency shall adopt uniform regulations prescribing standards 
for extensions of credit that are--(A) secured by liens on interests in 
real estate; or (B) made for the purpose of financing the construction 
of a building or other improvements to real estate.'' \3\ The 
recordkeeping requirement contained in the Board's Regulation H is 
mandatory. The recordkeeping provisions in the Guidelines are 
voluntary, as the Guidelines are nonbinding guidance.
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    \2\ 12 U.S.C. 1828(o).
    \3\ 12 U.S.C. 1828(o)(1). The Board also has the authority to 
require reports from state member banks (12 U.S.C. 248(a) and 324).
---------------------------------------------------------------------------

    Because these records would be maintained at each banking 
organization, 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 may be 
considered confidential pursuant to exemption 8 of the FOIA, which 
protects information

[[Page 80789]]

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 of the FOIA, which protects 
``commercial or financial information obtained from a person [that is] 
privileged or confidential.'' \5\
---------------------------------------------------------------------------

    \4\ 5 U.S.C. 552(b)(8).
    \5\ 5 U.S.C. 552(b)(4).
---------------------------------------------------------------------------

    Current actions: On August 21, 2020, the Board published an initial 
notice in the Federal Register (85 FR 51716) requesting public comment 
for 60 days on the extension, without revision, of the FR H-5. The 
comment period for this notice expired October 20, 2020.The Board did 
not receive any comments.

    Board of Governors of the Federal Reserve System, December 8, 
2020.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2020-27372 Filed 12-11-20; 8:45 am]
BILLING CODE 6210-01-P