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