Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 20154-20155 [2021-07803]

Download as PDF jbell on DSKJLSW7X2PROD with NOTICES 20154 Federal Register / Vol. 86, No. 72 / Friday, April 16, 2021 / Notices institution or depository institution holding company shall notify the appropriate Federal banking agency of the proposed addition of any individual to the board of directors or the employment of any individual as a senior executive officer at least 30 days before such addition or employment becomes effective.2 In addition to being used in conjunction with the FR 2081a and FR 2081b, the FR 2081c is used in conjunction with the FR 2070 and the Application to Become a Bank Holding Company and/or Acquire an Additional Bank or Bank Holding Company (FR Y–3; OMB No. 7100–0121). When used in conjunction with the FR 2070, the FR 2081c is authorized by section 18(c) of the Federal Deposit Insurance Act, which requires that a 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, and requires the Board to consider the managerial resources and future prospects of the existing and proposed institutions.3 When used in conjunction with the FR Y–3, the FR 2081c is authorized by section 3(a) of the Bank Holding Company Act of 1956, which requires Board approval for formations, acquisitions, and mergers of bank holding companies, and requires the Board to consider the competence, experience, and integrity of the officers, directors, and principal shareholders of the company.4 The obligation to file these eventgenerated reports is mandatory. Individual respondents may request that information submitted to the Board through the FR 2081a, FR 2081b, or FR 2081c 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, 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).5 To the extent a respondent submits personnel, medical, or similar files, the disclosure of which would constitute an unwarranted invasion of 2 12 U.S.C. 1831i. U.S.C. 1828(c). 4 12 U.S.C. 1842. 5 5 U.S.C. 552(b)(4). privacy, the respondent may request confidential treatment pursuant to exemption 6 of the FOIA.6 The entity should separately designate any such information as ‘‘confidential commercial information’’ or ‘‘confidential financial information,’’ 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.7 Current actions: On December 23, 2020, the Board published a notice in the Federal Register (85 FR 83952) requesting public comment for 60 days on the extension, with revision, of the Interagency Notice of Change in Control, the Interagency Notice of Change in Director or Senior Executive Officer, and the Interagency Biographical and Financial Report. The Board revised the FR 2081c by correcting an inadvertent and unintentional numbering error from the previous clearance. As a result of this error, currently, a respondent is required to provide their telephone number and email address only if they are not a U.S. citizen or are a dual citizen. With the corrected numbering and delineation, the form will clearly require all respondents to provide their telephone number and email address. No changes were made to the FR 2081a or FR 2081b. The comment period for this notice expired on February 22, 2021. The Board did not receive any comments. The revisions will be implemented as proposed. Board of Governors of the Federal Reserve System, April 12, 2021. Michele Taylor Fennell, Deputy Associate Secretary of the Board. [FR Doc. 2021–07791 Filed 4–15–21; 8:45 am] BILLING CODE 6210–01–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 extend for three AGENCY: 3 12 VerDate Sep<11>2014 19:57 Apr 15, 2021 65 75 Jkt 253001 PO 00000 U.S.C. 552(b)(6). U.S.C. 552(b)(8). Frm 00041 Fmt 4703 Sfmt 4703 years, without revision, the Interagency Bank Merger Act Application (FR 2070; OMB No. 7100–0171). 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. Final Approval Under OMB Delegated Authority of the Extension for Three Years, Without Revision, of the Following Information Collections Report title: Interagency Bank Merger Act Application. Agency form number: FR 2070. OMB control number: 7100–0171. Frequency: Event generated. Respondents: All state member banks regulated by the Federal Reserve. Estimated number of respondents: Nonaffiliate transactions, 54; Affiliate transactions, 10. Estimated average hours per response: Nonaffiliate transactions, 31; Affiliate transactions, 19. Estimated annual burden hours: Nonaffiliate transactions, 1,674; Affiliate transactions, 190. General description of report: The FR 2070 is an event-generated application and is completed by a state member bank (SMB) each time the bank requests approval to effect a merger, consolidation, assumption of deposit liabilities, other combining transaction with a nonaffiliated party, or a corporate E:\FR\FM\16APN1.SGM 16APN1 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 16APN1

Agencies

[Federal Register Volume 86, Number 72 (Friday, April 16, 2021)]
[Notices]
[Pages 20154-20155]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-07803]


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

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, without revision, the 
Interagency Bank Merger Act Application (FR 2070; OMB No. 7100-0171).

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 Collections

    Report title: Interagency Bank Merger Act Application.
    Agency form number: FR 2070.
    OMB control number: 7100-0171.
    Frequency: Event generated.
    Respondents: All state member banks regulated by the Federal 
Reserve.
    Estimated number of respondents: Nonaffiliate transactions, 54; 
Affiliate transactions, 10.
    Estimated average hours per response: Nonaffiliate transactions, 
31; Affiliate transactions, 19.
    Estimated annual burden hours: Nonaffiliate transactions, 1,674; 
Affiliate transactions, 190.
    General description of report: The FR 2070 is an event-generated 
application and is completed by a state member bank (SMB) each time the 
bank requests approval to effect a merger, consolidation, assumption of 
deposit liabilities, other combining transaction with a nonaffiliated 
party, or a corporate

[[Page 20155]]

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\
---------------------------------------------------------------------------

    \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).
---------------------------------------------------------------------------

    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 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\
---------------------------------------------------------------------------

    \2\ 5 U.S.C. 552(b)(4).
    \3\ 5 U.S.C. 552(b)(6).
    \4\ 5 U.S.C. 552(b)(8).
---------------------------------------------------------------------------

    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