Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 40839-40840 [2021-16145]

Download as PDF jbell on DSKJLSW7X2PROD with NOTICES Federal Register / Vol. 86, No. 143 / Thursday, July 29, 2021 / Notices FCC is authorized to appear, when: (a) The FCC or any component thereof; or (b) any employee of the FCC in his or her official capacity; or (c) any employee of the FCC in his or her individual capacity where the DOJ or the FCC have agreed to represent the employee; or (d) the United States is a party to litigation or has an interest in such litigation, and the use of such records by the DOJ or the FCC is deemed by the FCC to be relevant and necessary to the litigation. 4. Law Enforcement and Investigation—To disclose pertinent information to the appropriate Federal, State, local, tribal agency, or component of an agency, such as the FCC’s Enforcement Bureau, responsible for investigating, prosecuting, enforcing, or implementing a statute, rule, regulation, or order, where the FCC becomes aware of an indication of a violation or potential violation of civil or criminal law or regulation. 5. Congressional Inquiries—To provide information to a Congressional office from the record of an individual in response to an inquiry from that Congressional office made at the written request of that individual. 6. Government-wide Program Management and Oversight—To provide information to the Department of Justice (DOJ) to obtain that department’s advice regarding disclosure obligations under the Freedom of Information Act; or to the Office of Management and Budget (OMB) to obtain that office’s advice regarding obligations under the Privacy Act. 7. Breach Notification—To appropriate agencies, entities, and persons when: (a) The Commission suspects or has confirmed that there has been a breach of PII maintained in the system of records; (b) the Commission has determined that as a result of the suspected or confirmed breach there is a risk of harm to individuals, the Commission (including its information system, programs, and operations), the Federal Government, or national security; and; and (c) the disclosure made to such agencies, entities, and persons is reasonably necessary to assist in connection with the Commission’s efforts to respond to the suspected or confirmed breach or to prevent, minimize, or remedy such harm. 8. Assistance to Federal Agencies and Entities—To another Federal agency or Federal entity, when the Commission determines that information from this system is reasonably necessary to assist the recipient agency or entity in: (a) Responding to a suspected or confirmed breach or (b) preventing, minimizing, or remedying the risk of harm to VerDate Sep<11>2014 19:19 Jul 28, 2021 Jkt 253001 individuals, the recipient agency or entity (including its information systems, program, and operations), the Federal Government, or national security, resulting from a suspected or confirmed breach. 9. Non-Federal Personnel—To disclose information to non-federal personnel, including contractors, who have been engaged to assist the FCC in the performance of a contract service, grant, cooperative agreement, or other activity related to this system of records and who need to have access to the records in order to perform their activity. In each of these cases, the FCC will determine whether disclosure of the records is compatible with the purpose for which the records were collected. REPORTING TO A CONSUMER REPORTING AGENCIES: In addition to the routine uses cited above, the Commission may share information from this system of records with a consumer reporting agency regarding an individual who has not paid a valid and overdue debt owed to the Commission, following the procedures set out in the Debt Collection Act, 31 U.S.C. 3711(e). POLICIES AND PRACTICES FOR STORAGE OF RECORDS: This an electronic system of records that resides on the FCC’s network, USAC’s network, or on an FCC vendor’s network. POLICIES AND PRACTICES FOR RETRIEVAL OF RECORDS: Records in this system of records can be retrieved by any category field, e.g., first name or email address. POLICIES AND PRACTICES FOR RETENTION AND DISPOSAL: The information in this system is maintained and disposed of in accordance with the National Archives and Records Administration (NARA) General Records Schedule 6.5, Item 020 (DAA–GRS–2017–0002–0002). ADMINISTRATIVE, TECHNICAL, AND PHYSICAL SAFEGUARDS: The electronic records, files, and data are stored within FCC, USAC, or a vendor’s accreditation boundaries and maintained in a database housed in the FCC’s, USAC’s, or vendor’s computer network databases. Access to the electronic files is restricted to authorized employees and contractors; and to IT staff, contractors, and vendors who maintain the IT networks and services. Other employees and contractors may be granted access on a need-to-know basis. The electronic files PO 00000 Frm 00038 Fmt 4703 Sfmt 4703 40839 and records are protected by the FCC, USAC, and third-party privacy safeguards, a comprehensive and dynamic set of IT safety and security protocols and features that are designed to meet all Federal privacy standards, including those required by the Federal Information Security Modernization Act of 2014 (FISMA), the Office of Management and Budget (OMB), and the National Institute of Standards and Technology (NIST). RECORD ACCESS PROCEDURES: Individuals wishing to request access to and/or amendment of records about themselves should follow the Notification Procedure below. CONTESTING RECORD PROCEDURES: Individuals wishing to request access to and/or amendment of records about themselves should follow the Notification Procedure below. NOTIFICATION PROCEDURE: Individuals wishing to determine whether this system of records contains information about themselves may do so by writing Privacy@fcc.gov. Individuals requesting access must also comply with the FCC’s Privacy Act regulations regarding verification of identity to gain access to records as required under 47 CFR part 0, subpart E. EXEMPTIONS CLAIMED FOR THE SYSTEM: None. HISTORY: This is a new system of records. Federal Communications Commission. Marlene Dortch, Secretary. [FR Doc. 2021–16193 Filed 7–28–21; 8:45 am] BILLING CODE 6712–01–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 years, with revision, the Bank Holding Company Applications and Notifications (FR Y–3, FR Y–3N, and FR Y–4; OMB No. 7100–0121). The revisions are applicable as of August 30, 2021. FOR FURTHER INFORMATION CONTACT: Federal Reserve Board Clearance Officer—Nuha Elmaghrabi—Office of AGENCY: E:\FR\FM\29JYN1.SGM 29JYN1 jbell on DSKJLSW7X2PROD with NOTICES 40840 Federal Register / Vol. 86, No. 143 / Thursday, July 29, 2021 / Notices 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, With Revision, of the Following Information Collection: Report title: Application for Prior Approval to Become a Bank Holding Company, or for a Bank Holding Company to Acquire an Additional Bank or Bank Holding Company; Notice for Prior Approval to Become a Bank Holding Company, or for a Bank Holding Company to Acquire an Additional Bank or Bank Holding Company; and Notification for Prior Approval to Engage Directly or Indirectly in Certain Nonbanking Activities. Agency form number: FR Y–3, FR Y– 3N, and FR Y–4. OMB control number: 7100–0121. Effective Date: August 30, 2021. Frequency: Event-generated. Respondents: Bank holding companies (BHCs) and companies seeking to become BHCs involving certain formations, acquisitions, mergers, and nonbanking activities. Estimated number of respondents: FR Y–3, New BHCs: 72; FR Y–3, Existing BHCs: 58; FR Y–3N: 21; FR Y–4, completed notification: 22; FR Y–4, expedited notification: 8; and FR Y–4, post-consummation: 1. Estimated average hours per response: Reporting: FR Y–3, New BHCs: 48.5; FR VerDate Sep<11>2014 19:19 Jul 28, 2021 Jkt 253001 Y–3, Existing BHCs: 59; FR Y–3N: 4; FR Y–4, completed notification: 11; FR Y– 4, expedited notification: 5; and FR Y– 4, post-consummation: 0.5; Disclosure: FR Y–3: 1; FR Y–3N: 1; FR Y–4: 1. Estimated annual burden hours: FR Y–3, New BHCs: 3,492; FR Y–3, Existing BHCs: 3,422; FR Y–3N: 84; FR Y–4, completed notification: 242; FR Y–4, expedited notification: 40; and FR Y–4, post-consummation: 1; Disclosure: FR Y–3: 130; FR Y–3N: 21; FR Y–4: 22. General description of report: These filings collect information on proposals by BHCs and companies seeking to become BHCs involving certain formations, acquisitions, mergers, and nonbanking activities. The Board requires the submission of these filings for regulatory and supervisory purposes and to fulfill its statutory obligations under the Bank Holding Company Act of 1956 (the BHC Act). The Board uses the information submitted in these filings to evaluate each individual transaction with respect to the relevant statutory factors and to ensure that the transaction complies with other applicable requirements. Legal authorization and confidentiality: Section 3(a) of the BHC Act requires Board approval for formations, acquisitions, and mergers of bank holding companies.1 Section 5(b) of the BHC Act authorizes the Board to issue regulations and orders to carry out these functions.2 These sections of the BHC Act provide the legal authorization for the FR Y–3 and the FR Y–3N. Section 4(j) of the BHC Act requires bank holding companies to give prior written notice to the Board of any acquisition of a nonbank company or commencement of any nonbanking activities.3 This section of the BHC Act provides the legal authorization for the FR Y–4. The obligation to respond to the FR Y–3, Y–3N, and Y–4 is required to obtain a benefit. To the extent a respondent submits nonpublic commercial or financial information in connection with the FR Y–3, Y–3N, or Y–4, 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).4 To the extent a respondent submits personal, medical, or similar files, the disclosure of which would constitute an unwarranted invasion of U.S.C. 1842(a). U.S.C. 1844(b). In addition, section 5(c) of the BHC Act authorizes the Board to require reports from bank holding companies. 12 U.S.C. 1844(c). 3 12 U.S.C. 1843(j). 4 5 U.S.C. 552(b)(4). PO 00000 1 12 2 12 Frm 00039 Fmt 4703 Sfmt 4703 privacy, the respondent may request confidential treatment pursuant to exemption 6 of the FOIA.5 If a respondent requests confidential treatment, the Board will determine whether the information is entitled to confidential treatment on a case-by-case basis. 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. 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 confidential pursuant to exemption 8 of the FOIA.6 Current actions: On April 16, 2021, the Board published an initial notice in the Federal Register (86 FR 20149) requesting public comment for 60 days on the extension, with revision, of the FR Y–3, FR Y–3N, and FR Y–4. The comment period for this notice expired on June 15, 2021. The Board did not receive any comments. The Board will adopt the extension, with revision, of the FR Y–3, FR Y–3N, and FR Y–4 as proposed. Board of Governors of the Federal Reserve System, July 23, 2021. Michele Taylor Fennell, Deputy Associate Secretary of the Board. [FR Doc. 2021–16145 Filed 7–28–21; 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 years, with revision, the International Applications and Prior Notifications under Subparts A and C of Regulation K (FR K–1; OMB No. 7100–0107). The revisions are effective immediately. 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. AGENCY: 55 65 E:\FR\FM\29JYN1.SGM U.S.C. 552(b)(6). U.S.C. 552(b)(8). 29JYN1

Agencies

[Federal Register Volume 86, Number 143 (Thursday, July 29, 2021)]
[Notices]
[Pages 40839-40840]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-16145]


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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 extend for three years, with revision, the 
Bank Holding Company Applications and Notifications (FR Y-3, FR Y-3N, 
and FR Y-4; OMB No. 7100-0121). The revisions are applicable as of 
August 30, 2021.

FOR FURTHER INFORMATION CONTACT: 
    Federal Reserve Board Clearance Officer--Nuha Elmaghrabi--Office of

[[Page 40840]]

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, With Revision, of the Following Information Collection:
    Report title: Application for Prior Approval to Become a Bank 
Holding Company, or for a Bank Holding Company to Acquire an Additional 
Bank or Bank Holding Company; Notice for Prior Approval to Become a 
Bank Holding Company, or for a Bank Holding Company to Acquire an 
Additional Bank or Bank Holding Company; and Notification for Prior 
Approval to Engage Directly or Indirectly in Certain Nonbanking 
Activities.
    Agency form number: FR Y-3, FR Y-3N, and FR Y-4.
    OMB control number: 7100-0121.
    Effective Date: August 30, 2021.
    Frequency: Event-generated.
    Respondents: Bank holding companies (BHCs) and companies seeking to 
become BHCs involving certain formations, acquisitions, mergers, and 
nonbanking activities.
    Estimated number of respondents: FR Y-3, New BHCs: 72; FR Y-3, 
Existing BHCs: 58; FR Y-3N: 21; FR Y-4, completed notification: 22; FR 
Y-4, expedited notification: 8; and FR Y-4, post-consummation: 1.
    Estimated average hours per response: Reporting: FR Y-3, New BHCs: 
48.5; FR Y-3, Existing BHCs: 59; FR Y-3N: 4; FR Y-4, completed 
notification: 11; FR Y-4, expedited notification: 5; and FR Y-4, post-
consummation: 0.5; Disclosure: FR Y-3: 1; FR Y-3N: 1; FR Y-4: 1.
    Estimated annual burden hours: FR Y-3, New BHCs: 3,492; FR Y-3, 
Existing BHCs: 3,422; FR Y-3N: 84; FR Y-4, completed notification: 242; 
FR Y-4, expedited notification: 40; and FR Y-4, post-consummation: 1; 
Disclosure: FR Y-3: 130; FR Y-3N: 21; FR Y-4: 22.
    General description of report: These filings collect information on 
proposals by BHCs and companies seeking to become BHCs involving 
certain formations, acquisitions, mergers, and nonbanking activities. 
The Board requires the submission of these filings for regulatory and 
supervisory purposes and to fulfill its statutory obligations under the 
Bank Holding Company Act of 1956 (the BHC Act). The Board uses the 
information submitted in these filings to evaluate each individual 
transaction with respect to the relevant statutory factors and to 
ensure that the transaction complies with other applicable 
requirements.
    Legal authorization and confidentiality: Section 3(a) of the BHC 
Act requires Board approval for formations, acquisitions, and mergers 
of bank holding companies.\1\ Section 5(b) of the BHC Act authorizes 
the Board to issue regulations and orders to carry out these 
functions.\2\ These sections of the BHC Act provide the legal 
authorization for the FR Y-3 and the FR Y-3N. Section 4(j) of the BHC 
Act requires bank holding companies to give prior written notice to the 
Board of any acquisition of a nonbank company or commencement of any 
nonbanking activities.\3\ This section of the BHC Act provides the 
legal authorization for the FR Y-4. The obligation to respond to the FR 
Y-3, Y-3N, and Y-4 is required to obtain a benefit.
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    \1\ 12 U.S.C. 1842(a).
    \2\ 12 U.S.C. 1844(b). In addition, section 5(c) of the BHC Act 
authorizes the Board to require reports from bank holding companies. 
12 U.S.C. 1844(c).
    \3\ 12 U.S.C. 1843(j).
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    To the extent a respondent submits nonpublic commercial or 
financial information in connection with the FR Y-3, Y-3N, or Y-4, 
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).\4\ To the 
extent a respondent submits personal, 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.\5\ If a respondent requests confidential 
treatment, the Board will determine whether the information is entitled 
to confidential treatment on a case-by-case basis. 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. 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 confidential pursuant to 
exemption 8 of the FOIA.\6\
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    \4\ 5 U.S.C. 552(b)(4).
    \5\ 5 U.S.C. 552(b)(6).
    \6\ 5 U.S.C. 552(b)(8).
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    Current actions: On April 16, 2021, the Board published an initial 
notice in the Federal Register (86 FR 20149) requesting public comment 
for 60 days on the extension, with revision, of the FR Y-3, FR Y-3N, 
and FR Y-4. The comment period for this notice expired on June 15, 
2021. The Board did not receive any comments. The Board will adopt the 
extension, with revision, of the FR Y-3, FR Y-3N, and FR Y-4 as 
proposed.

    Board of Governors of the Federal Reserve System, July 23, 2021.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2021-16145 Filed 7-28-21; 8:45 am]
BILLING CODE 6210-01-P