Proposed Agency Information Collection Activities; Comment Request, 20155-20156 [2021-07790]
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jbell on DSKJLSW7X2PROD with NOTICES
Federal Register / Vol. 86, No. 72 / Friday, April 16, 2021 / Notices
reorganization with an affiliated party.
The reporting form collects information
on the basic legal and structural aspects
of these transactions.
The applicant is required to publish a
notice in a newspaper of general
circulation in the community(ies) in
which the head office of each of the
banks to be a party to the merger,
consolidation, or acquisition of assets or
assumption of liabilities is located. The
notice must be published on at least
three occasions at appropriate intervals.
The last publication of the notice shall
appear at least 30 days after the first
publication. The notice must state the
name and address of each party to the
proposal, and it must invite the public
to submit written comments to the
appropriate Federal Reserve Bank.
Within seven days of publication of
notice for the first time, the applicant
shall submit its application to the
appropriate Federal Reserve Bank for
acceptance, along with a copy of the
notice.
Legal authorization and
confidentiality: The FR 2070 is
authorized by section 18(c) of the
Federal Deposit Insurance Act, which
requires, in relevant part, that an SMB,
when it is the acquiring, assuming, or
resulting bank, obtain prior approval
from the Board before merging or
consolidating with another insured
depository institution, or assuming
liability to pay any deposits made in
any other depository institution.1
The obligation to respond is required
to obtain a benefit. Individual
respondents may request that
information submitted to the Board
through the FR 2070 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. To the extent a
respondent submits nonpublic
commercial or financial information in
connection with the FR 2070, which is
both customarily and actually treated as
private by the respondent, the
respondent may request confidential
treatment pursuant to exemption 4 of
the Freedom of Information Act
(FOIA).2 To the extent a respondent
submits personnel, medical, or similar
files, the disclosure of which would
constitute an unwarranted invasion of
privacy, the respondent may request
confidential treatment pursuant to
exemption 6 of the FOIA.3 The entity
1 12 U.S.C. 1828(c). The Board also has the
authority to require reports from state member
banks (12 U.S.C. 248(a) and 324).
2 5 U.S.C. 552(b)(4).
3 5 U.S.C. 552(b)(6).
VerDate Sep<11>2014
19:57 Apr 15, 2021
Jkt 253001
should separately designate any such
information as ‘‘confidential
commercial information’’ or
‘‘confidential financial information’’ as
appropriate, and the Board will treat
such designated information as
confidential to the extent permitted by
law, including the FOIA. In addition, to
the extent a respondent submits
information related to examination,
operating, or condition reports prepared
by, on behalf of, or for the use of a
financial supervisory agency, the
information may be kept confidential
pursuant to exemption 8 of the FOIA.4
Current actions: On December 23,
2020, the Board published a notice in
the Federal Register (85 FR 83955)
requesting public comment for 60 days
on the extension, without revision, of
the Interagency Bank Merger Act
Application. The comment period for
this notice expired on February 22,
2021. The Board did not receive any
comments.
Board of Governors of the Federal Reserve
System, April 12, 2021.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2021–07803 Filed 4–15–21; 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 the Consumer Financial Protection
Bureau’s (Bureau) Regulation M (FR M;
OMB No. 7100–0202).
DATES: Comments must be submitted on
or before June 15, 2021.
ADDRESSES: You may submit comments,
identified by FR M, 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.
SUMMARY:
45
PO 00000
U.S.C. 552(b)(8).
Frm 00042
Fmt 4703
Sfmt 4703
20155
• 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
E:\FR\FM\16APN1.SGM
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20156
Federal Register / Vol. 86, No. 72 / Friday, April 16, 2021 / Notices
requested from the agency clearance
officer, whose name appears above.
jbell on DSKJLSW7X2PROD with NOTICES
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 Bureau’s Regulation M.
Agency form number: FR M.
OMB control number: 7100–0202.
Frequency: On occasion.
Respondents: The FR M panel
comprises state member banks with
assets of $10 billion or less that are not
affiliated with an insured depository
institution with assets over $10 billion
(irrespective of the consolidated assets
of any holding company); nondepository affiliates of such state
member banks; and non-depository
affiliates of bank holding companies
that are not affiliated with an insured
depository institution with assets over
$10 billion. Notwithstanding the
foregoing, the Bureau, and not the
Board, has supervisory authority for
Regulation M with respect to
automobile leasing over non-banks
defined as ‘‘larger participants’’ in the
automobile finance market pursuant to
12 U.S.C. 5514 (implemented by 12 CFR
1090.108).
VerDate Sep<11>2014
19:57 Apr 15, 2021
Jkt 253001
Estimated number of respondents: 4.
Estimated average hours per response:
Lease disclosures, 0.11; Advertising
rules, 0.42.
Estimated annual burden hours: Lease
disclosures, 252; Advertising rules,7.
General description of report: The
Consumer Leasing Act (CLA) and
Regulation M are intended to provide
consumers with meaningful disclosures
about the costs and terms of leases for
personal property. The disclosures
enable consumers to compare the terms
for a particular lease with those for
other leases and, when appropriate, to
compare lease terms with those for
credit transactions. The CLA and
Regulation M also contain rules about
advertising consumer leases and limit
the size of balloon payments in
consumer lease transactions.
The Bureau’s Regulation M applies to
all types of lessors of personal property
(except motor vehicle dealers excluded
from the Bureau’s authority under
Dodd-Frank Act section 1029, which are
covered by the Board’s Regulation M).
The CLA and Regulation M require
lessors uniformly to disclose to
consumers the costs, liabilities, and
terms of consumer lease transactions.
Legal authorization and
confidentiality: The FR M is authorized
pursuant to sections 105(a) and 187 of
the Truth in Lending Act (TILA), which
require that the Bureau prescribe
regulations regarding the disclosure
requirements relating to consumer lease
transactions. The FR M is mandatory.
Because the disclosures and records
comprising the FR M are 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 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, April 12, 2021.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2021–07790 Filed 4–15–21; 8:45 am]
BILLING CODE 6210–01–P
PO 00000
Frm 00043
Fmt 4703
Sfmt 4703
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 reporting,
recordkeeping, and disclosure
requirements associated with the Truth
in Lending Act (TILA), implemented by
Regulation Z (FR Z; OMB No. 7100–
0199).
DATES: Comments must be submitted on
or before June 15, 2021.
ADDRESSES: You may submit comments,
identified by FR Z, 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
SUMMARY:
E:\FR\FM\16APN1.SGM
16APN1
]]>Agencies
[Federal Register Volume 86, Number 72 (Friday, April 16, 2021)]
[Notices]
[Pages 20155-20156]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-07790]
-----------------------------------------------------------------------
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 the Consumer
Financial Protection Bureau's (Bureau) Regulation M (FR M; OMB No.
7100-0202).
DATES: Comments must be submitted on or before June 15, 2021.
ADDRESSES: You may submit comments, identified by FR M, 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
[[Page 20156]]
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 Bureau's
Regulation M.
Agency form number: FR M.
OMB control number: 7100-0202.
Frequency: On occasion.
Respondents: The FR M panel comprises state member banks with
assets of $10 billion or less that are not affiliated with an insured
depository institution with assets over $10 billion (irrespective of
the consolidated assets of any holding company); non-depository
affiliates of such state member banks; and non-depository affiliates of
bank holding companies that are not affiliated with an insured
depository institution with assets over $10 billion. Notwithstanding
the foregoing, the Bureau, and not the Board, has supervisory authority
for Regulation M with respect to automobile leasing over non-banks
defined as ``larger participants'' in the automobile finance market
pursuant to 12 U.S.C. 5514 (implemented by 12 CFR 1090.108).
Estimated number of respondents: 4.
Estimated average hours per response: Lease disclosures, 0.11;
Advertising rules, 0.42.
Estimated annual burden hours: Lease disclosures, 252; Advertising
rules,7.
General description of report: The Consumer Leasing Act (CLA) and
Regulation M are intended to provide consumers with meaningful
disclosures about the costs and terms of leases for personal property.
The disclosures enable consumers to compare the terms for a particular
lease with those for other leases and, when appropriate, to compare
lease terms with those for credit transactions. The CLA and Regulation
M also contain rules about advertising consumer leases and limit the
size of balloon payments in consumer lease transactions.
The Bureau's Regulation M applies to all types of lessors of
personal property (except motor vehicle dealers excluded from the
Bureau's authority under Dodd-Frank Act section 1029, which are covered
by the Board's Regulation M). The CLA and Regulation M require lessors
uniformly to disclose to consumers the costs, liabilities, and terms of
consumer lease transactions.
Legal authorization and confidentiality: The FR M is authorized
pursuant to sections 105(a) and 187 of the Truth in Lending Act (TILA),
which require that the Bureau prescribe regulations regarding the
disclosure requirements relating to consumer lease transactions. The FR
M is mandatory.
Because the disclosures and records comprising the FR M are
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
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, April 12,
2021.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2021-07790 Filed 4-15-21; 8:45 am]
BILLING CODE 6210-01-P
