Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company, 20698-20699 [2021-08205]

Download as PDF khammond on DSKJM1Z7X2PROD with NOTICES 20698 Federal Register / Vol. 86, No. 75 / Wednesday, April 21, 2021 / Notices 1. Title: Small Business Lending Survey. OMB Number: 3064–0203. Affected Public: FDIC-insured depository institutions. Obligation to Respond: Voluntary. Burden Estimate: Estimated No. of Respondents: 2,000. Estimated Time per Response: 4 hours. Frequency of Response: One time. Total Estimated Annual Burden: 8,000 hours. General Description of Collection: Small businesses are important to the U.S. economy and banks are important to U.S. small businesses. According to the Small Business Administration, in 2015, small businesses comprised 99.9 percent of all U.S. firms, and almost half (47.5 percent) of private-sector employment. Additionally, from 2000 to 2017, small businesses accounted for 65.9 percent of net new job creation.1 Given their size and the relative costs of verifying their financial conditions, many small businesses have little or no direct access to capital markets and thus are reliant on bank financing. Indeed, in their 2017 survey of small businesses, the Federal Reserve System finds that banks are the most common source of external credit for small firms.2 For banks, especially the many banks that primarily engage in commercial lending, small business lending is an important way that they help meet the needs of their communities. The FDIC’s Small Business Lending Survey is a nationally-representative survey of banks and their small business lending practices and activities. The survey seeks to understand how banks engage with small businesses and meet their needs, within the context of the fast changing banking industry environment. The first collection of the survey in 2016 (SBLS 2016) sought to examine whether small and large banks engaged differently with small businesses, which could potentially impact small businesses given continued and ongoing banking consolidation. In 2022 the FDIC plans to deploy another Small Business Lending Survey (SBLS 2022) which will repeat some questions from the previous collection and will include new areas of study which are of current interest, in particular, banks’ use of financial technology in small business lending 1 ‘‘Frequently Asked Questions About Small Business’’, SBA fact sheet, https://www.sba.gov/ sites/default/files/advocacy/Frequently-AskedQuestions-Small-Business-2018.pdf (2018). 2 ‘‘Small Business Credit Survey: Report on Employer Firms’’, Federal Reserve report, https:// www.fedsmallbusiness.org/survey/2018/report-onemployer-firms (2017). VerDate Sep<11>2014 18:12 Apr 20, 2021 Jkt 253001 and their experiences with the Paycheck Protection Program. In addition, SBLS 2022 will improve upon previous quantitative questions that asked banks about their volume of commercial lending by firm size, which allowed the FDIC to assess how well Consolidated Reports of Income and Condition (commonly referred to as ‘‘Call Report’’) data captures actual bank small business lending when used as a proxy measure. Using SBLS 2016 survey data, the FDIC determined that for banks in 2015 with $1 to $10 billion in assets, industry small business lending (defined as lending to firms with less than $10 million in gross annual revenue) was understated on net by approximately 23 percent when using the most common proxy measure—Call Report outstanding commercial and industrial loan balances for loans that were $1 million or less at the time of origination.3 The proposed SBLS 2022 collection will cover the general topics of: I. Underwriting and Loan Approval Processes II. Markets, Competition, and Loan Demand III. SBA Lending and Securitization IV. Measurement of Bank Small Business Lending Questions in the first three sections are comprised of qualitative questions, while the fourth set asks respondent banks to provide quantitative loan volumes. The SBLS does not duplicate existing sources of data but rather complements or provides insight into regular collections such as the Call Report. The SBLS 2022 collection is scheduled to be in the field beginning in May 2022. The collection will be administered by the U.S. Census Bureau via a web interface. Recommendations for which bank staff to answer each section will be made to respondents in order to match the appropriate expertise to relevant questions. Because the SBLS is designed as a nationallyrepresentative survey of banks of all sizes, including community banks, regional banks, and large nationwide banks, the survey is intended be used to make inferences for the entire industry regarding U.S. banks’ small business lending activity and practices. Prior to finalizing the SBLS 2022 survey questionnaire, the FDIC seeks to solicit public comment. Interested members of the public may review a 3 ‘‘Measurement of Small Business Lending Using Call Reports: Further Insights From the Small Business Lending Survey’’, FDIC staff study, https://www.fdic.gov/bank/analytical/cfr/staffstudies/2020-04.pdf (2020). PO 00000 Frm 00047 Fmt 4703 Sfmt 4703 copy of the proposed survey questionnaire on the following web page: https://www.fdic.gov/regulations/ laws/federal/2021/sbls-2022-proposedsurvey-questionnaire.pdf. Request for Comment Comments are invited on: (a) Whether the collection of information is necessary for the proper performance of the FDIC’s functions, including whether the information has practical utility; (b) the accuracy of the estimates of the burden of the 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; and (d) ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology. All comments will become a matter of public record. Federal Deposit Insurance Corporation. Dated at Washington, DC, on April 15, 2021. James P. Sheesley, Assistant Executive Secretary. [FR Doc. 2021–08131 Filed 4–20–21; 8:45 am] BILLING CODE 6714–01–P FEDERAL RESERVE SYSTEM Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company The notificants listed below have applied under the Change in Bank Control Act (Act) (12 U.S.C. 1817(j)) and § 225.41 of the Board’s Regulation Y (12 CFR 225.41) to acquire shares of a bank or bank holding company. The factors that are considered in acting on the applications are set forth in paragraph 7 of the Act (12 U.S.C. 1817(j)(7)). 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 paragraph 7 of the Act. Comments regarding each of these applications must be received at the E:\FR\FM\21APN1.SGM 21APN1 Federal Register / Vol. 86, No. 75 / Wednesday, April 21, 2021 / Notices 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 May 6, 2021. A. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant Vice President) 230 South LaSalle Street, Chicago, Illinois 60690–1414: 1. Steven V. Chesney, Las Vegas, Nevada; to acquire voting shares of First Lena Corporation, and thereby indirectly acquire voting shares of Citizens State Bank, both of Lena, Illinois. B. Federal Reserve Bank of San Francisco (Sebastian Astrada, Director, Applications) 101 Market Street, San Francisco, California 94105–1579: 1. The Vanguard Group, Inc., Malvern, Pennsylvania; on behalf of itself, its subsidiaries and affiliates, including investment companies registered under the Investment Company Act of 1940, other pooled investment vehicles, and institutional accounts that are sponsored, managed, or advised by Vanguard; to acquire additional voting shares of East West Bancorp, Inc., and thereby indirectly acquire voting shares of East West Bank, both of Pasadena, California. Board of Governors of the Federal Reserve System, April 16, 2021. Michele Taylor Fennell, Deputy Associate Secretary of the Board. [FR Doc. 2021–08205 Filed 4–20–21; 8:45 am] BILLING CODE P DEPARTMENT OF DEFENSE GENERAL SERVICES ADMINISTRATION NATIONAL AERONAUTICS AND SPACE ADMINISTRATION [OMB Control No. 9000–0154; Docket No. 2021–0053; Sequence No. 7] Information Collection; Construction Wage Rate Requirements—Price Adjustment (Actual Method) Department of Defense (DOD), General Services Administration (GSA), and National Aeronautics and Space Administration (NASA). ACTION: Notice and request for comments. khammond on DSKJM1Z7X2PROD with NOTICES AGENCY: In accordance with the Paperwork Reduction Act of 1995, and the Office of Management and Budget (OMB) regulations, DoD, GSA, and NASA invite the public to comment on a revision and renewal concerning SUMMARY: VerDate Sep<11>2014 18:12 Apr 20, 2021 Jkt 253001 construction wage rate requirements— price adjustment (Actual Method). DoD, GSA, and NASA invite comments on: whether the proposed collection of information is necessary for the proper performance of the functions of Federal Government acquisitions, including whether the information will have practical utility; the accuracy of the estimate of the burden of the proposed information collection; ways to enhance the quality, utility, and clarity of the information to be collected; and ways to minimize the burden of the information collection on respondents, including the use of automated collection techniques or other forms of information technology. OMB has approved this information collection for use through September 30, 2021. DoD, GSA, and NASA propose that OMB extend its approval for use for three additional years beyond the current expiration date. DoD, GSA, and NASA will consider all comments received by June 21, 2021. ADDRESSES: DoD, GSA, and NASA invite interested persons to submit comments on this collection through http://www.regulations.gov and follow the instructions on the site. This website provides the ability to type short comments directly into the comment field or attach a file for lengthier comments. If there are difficulties submitting comments, contact the GSA Regulatory Secretariat Division at 202– 501–4755 or GSARegSec@gsa.gov. Instructions: All items submitted must cite OMB Control No. 9000–0154, Construction Wage Rate Requirements— Price Adjustment (Actual Method). Comments received generally will be posted without change to http:// www.regulations.gov, including any personal and/or business confidential information provided. To confirm receipt of your comment(s), please check www.regulations.gov, approximately two-to-three days after submission to verify posting. FOR FURTHER INFORMATION CONTACT: Zenaida Delgado, Procurement Analyst, at telephone 202–969–7207, or zenaida.delgado@gsa.gov. SUPPLEMENTARY INFORMATION: DATES: A. OMB Control Number, Title, and Any Associated Form(s) 9000–0154, Construction Wage Rate Requirements—Price Adjustment (Actual Method). B. Need and Uses This clearance covers the information that contractors must submit to comply PO 00000 Frm 00048 Fmt 4703 Sfmt 4703 20699 with the following Federal Acquisition Regulation (FAR) requirements: • 52.222–32, Construction Wage Rate Requirements-Price Adjustment (Actual Method). This clause requires contractors to submit at the exercise of each option to extend the term of the contract, a statement of the amount claimed for incorporation of the most current Department of Labor wage determination, and any relevant supporting data, including payroll records, that the contracting officer may reasonably require. Contracting officers use the information to establish the contract’s construction requirements price adjustment to reflect the contractor’s actual increase or decrease in wages and fringe benefits. C. Annual Burden Respondents: 506. Total Annual Responses: 506. Total Burden Hours: 20,240. Obtaining Copies: Requesters may obtain a copy of the information collection documents from the GSA Regulatory Secretariat Division by calling 202–501–4755 or emailing GSARegSec@gsa.gov. Please cite OMB Control No. 9000–0154, Construction Wage Rate Requirements—Price Adjustment (Actual Method). Janet Fry, Director, Federal Acquisition Policy Division, Office of Governmentwide Acquisition Policy, Office of Acquisition Policy, Office of Governmentwide Policy. [FR Doc. 2021–08199 Filed 4–20–21; 8:45 am] BILLING CODE 6820–EP–P DEPARTMENT OF HEALTH AND HUMAN SERVICES Administration for Children and Families [OMB No.0970–0471] Proposed Information Collection Activity; Early Head Start–Child Care Partnerships Sustainability Study Office of Planning, Research, and Evaluation, Administration for Children and Families, HHS. ACTION: Request for public comment. AGENCY: The Administration for Children and Families (ACF) at the U.S. Department of Health and Human Services (HHS) seeks approval to collect information for the Early Head Start– Child Care Partnerships Sustainability Study. SUMMARY: Comments due within 60 days of publication. In compliance with the DATES: E:\FR\FM\21APN1.SGM 21APN1

Agencies

[Federal Register Volume 86, Number 75 (Wednesday, April 21, 2021)]
[Notices]
[Pages 20698-20699]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-08205]


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FEDERAL RESERVE SYSTEM


Change in Bank Control Notices; Acquisitions of Shares of a Bank 
or Bank Holding Company

    The notificants listed below have applied under the Change in Bank 
Control Act (Act) (12 U.S.C. 1817(j)) and Sec.  225.41 of the Board's 
Regulation Y (12 CFR 225.41) to acquire shares of a bank or bank 
holding company. The factors that are considered in acting on the 
applications are set forth in paragraph 7 of the Act (12 U.S.C. 
1817(j)(7)).
    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 paragraph 7 of the Act.
    Comments regarding each of these applications must be received at 
the

[[Page 20699]]

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 May 6, 2021.
    A. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant 
Vice President) 230 South LaSalle Street, Chicago, Illinois 60690-1414:
    1. Steven V. Chesney, Las Vegas, Nevada; to acquire voting shares 
of First Lena Corporation, and thereby indirectly acquire voting shares 
of Citizens State Bank, both of Lena, Illinois.
    B. Federal Reserve Bank of San Francisco (Sebastian Astrada, 
Director, Applications) 101 Market Street, San Francisco, California 
94105-1579:
    1. The Vanguard Group, Inc., Malvern, Pennsylvania; on behalf of 
itself, its subsidiaries and affiliates, including investment companies 
registered under the Investment Company Act of 1940, other pooled 
investment vehicles, and institutional accounts that are sponsored, 
managed, or advised by Vanguard; to acquire additional voting shares of 
East West Bancorp, Inc., and thereby indirectly acquire voting shares 
of East West Bank, both of Pasadena, California.

    Board of Governors of the Federal Reserve System, April 16, 
2021.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2021-08205 Filed 4-20-21; 8:45 am]
BILLING CODE P