Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 70495-70496 [2021-26735]

Download as PDF Federal Register / Vol. 86, No. 235 / Friday, December 10, 2021 / Notices week after the event. Visit https:// fdic.windrosemedia.com to view the live event. Visit https:// fdic.windrosemedia.com/ index.php?category= FDIC+Board+Meetings after the meeting. If you need any technical assistance, please visit our Video Help page at: https://www.fdic.gov/video.html. Observers requiring auxiliary aids (e.g., sign language interpretation) for this meeting should call 703–562–2404 (Voice) or 703–649–4354 (Video Phone) to make necessary arrangements. STATUS: Open. Pursuant to the provisions of the ‘‘Government in the Sunshine Act’’ (5 U.S.C. 552b), notice is hereby given that the Federal Deposit Insurance Corporation’s Board of Directors will meet in open session to consider the following matters: MATTERS TO BE CONSIDERED: Summary Agenda No substantive discussion of the following items is anticipated. These matters will be resolved with a single vote unless a member of the Board of Directors requests that an item be moved to the discussion agenda. Disposition of Minutes of a Board of Directors’ Meeting Previously Distributed. Memorandum and resolution re: Credit Risk Retention Rule Determination—Qualified Residential Mortgage and Related Exemptions. Memorandum and resolution re: Designated Reserve Ratio for 2022. Memorandum and resolution re: FDIC Strategic Plan, 2022–2026. Status report of actions taken pursuant to authority delegated by the Board of Directors. Discussion Agenda Memorandum and resolution re: Proposed 2022 FDIC Operating Budget. Briefing: Restoration Plan Semiannual Update. CONTACT PERSON FOR MORE INFORMATION: jspears on DSK121TN23PROD with NOTICES1 Requests for further information concerning the meeting may be directed to Debra A. Decker, Deputy Executive Secretary of the Corporation, at 202– 898–8748. Dated at Washington, DC, on December 7, 2021. Federal Deposit Insurance Corporation. James P. Sheesley, Assistant Executive Secretary. FEDERAL RESERVE SYSTEM FEDERAL RESERVE SYSTEM Formations of, Acquisitions by, and Mergers of Bank Holding Companies Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB The companies listed in this notice have applied to the Board for approval, pursuant to the Bank Holding Company Act of 1956 (12 U.S.C. 1841 et seq.) (BHC Act), Regulation Y (12 CFR part 225), and all other applicable statutes and regulations to become a bank holding company and/or to acquire the assets or the ownership of, control of, or the power to vote shares of a bank or bank holding company and all of the banks and nonbanking companies owned by the bank holding company, including the companies listed below. 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 the BHC Act (12 U.S.C. 1842(c)). Comments regarding each of these applications must be received at the 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 January 10, 2022. A. Federal Reserve Bank of St. Louis (Holly A. Rieser, Manager) P.O. Box 442, St. Louis, Missouri 63166–2034. Comments can also be sent electronically to Comments.applications@stls.frb.org: 1. Cross County Bancshares, Inc., Wynne, Arkansas; to acquire Central Bank, Little Rock, Arkansas. Board of Governors of the Federal Reserve System, December 7, 2021. Michele Taylor Fennell, Deputy Associate Secretary of the Board. [FR Doc. 2021–26778 Filed 12–9–21; 8:45 am] BILLING CODE P [FR Doc. 2021–26865 Filed 12–8–21; 11:15 am] BILLING CODE 6714–01–P VerDate Sep<11>2014 17:03 Dec 09, 2021 Jkt 256001 70495 PO 00000 Frm 00066 Fmt 4703 Sfmt 4703 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 Reporting and Recordkeeping Requirements Associated with Regulation W (FR W; OMB No. 7100–0304). 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 for the Federal Reserve Board, 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 Paperwork Reduction Act (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. AGENCY: Final Approval Under OMB Delegated Authority of the Extension for Three Years, With Revision, of the Following Information Collection Report title: Reporting and Recordkeeping Requirements Associated with Regulation W. Agency form number: FR W. OMB control number: 7100–0304. Effective Date: December 10, 2021. Frequency: Event generated. Respondents: Insured depository institutions and uninsured member banks. E:\FR\FM\10DEN1.SGM 10DEN1 70496 Federal Register / Vol. 86, No. 235 / Friday, December 10, 2021 / Notices Estimated number of respondents: 1. Estimated average hours per response: jspears on DSK121TN23PROD with NOTICES1 Reporting Section 223.15(b)(4), 2; Section 223.31(d)(4), 6; Section 223.41(d)(2), 6; Section 223.43(b), 10; Recordkeeping Section 223.42(f), 2; Section 223.42(g)(3), 2. Estimated annual burden hours: 28. General description of report: The FR W information collection comprises the reporting requirements of Regulation W that are found in sections 223.15(b)(4), 223.31(d)(4), 223.41(d)(2), and 223.43(b). This information is used to demonstrate compliance with sections 23A and 23B of the Federal Reserve Act (FRA) and to request certain exemptions from the Board. Sections 23A and 23B of the FRA are designed to protect a depository institution from exposure arising from certain transactions with affiliates. They also limit the ability of an insured depository institution to transfer the subsidy arising from access to the federal safety net to such affiliates. Regulation W implements sections 23A and 23B by defining terms used in the statute, explaining the statute’s requirements, and exempting certain transactions. The regulation includes provisions requiring the reporting of information to the Board under certain circumstances, including a provision permitting a bank to request from the Board a discretionary exemption from the requirements of section 23A as long as the Board finds the exemption to be in the public interest and consistent with the purposes of section 23A. Legal authorization and confidentiality: Sections 23A and 23B of the FRA authorize the Board to issue these requirements (12 U.S.C. 371c(f) and 371c–1(e)). Compliance with the FR W requirements is required to obtain a benefit. Information provided on the Loan Participation Renewal notice (Section 223.15(b)(4)) may be considered confidential under exemption 4 of the Freedom of Information Act (‘‘FOIA’’) as confidential commercial or financial information that is both customarily and actually treated as private (5 U.S.C. 552(b)(4)). Information provided on the Acquisition notice (Section 223.31(d)(4)), the Internal Corporate Reorganization Transaction notice (Section 223.41(d)(2)), and the Section 23A Additional Information request (Section 223.43(b)) generally is not considered confidential, but respondents may request confidential VerDate Sep<11>2014 17:42 Dec 09, 2021 Jkt 256001 treatment under exemption 4 of the FOIA if the information is confidential commercial or financial information that is both customarily and actually treated as private. Information collected under the FR W may also be considered confidential under FOIA exemption 8 if it is obtained as part of an examination or supervision of a financial institution (5 U.S.C. 552(b)(8)). Current actions: On September 1, 2021, the Board published a notice in the Federal Register (86 FR 49031) requesting public comment for 60 days on the extension, with revision, of the Reporting and Recordkeeping Requirements Associated with Regulation W. The Board revised the FR W information collection to account for two recordkeeping provisions in section 223.42 of Regulation W that had not been previously cleared by the Board under the PRA. The Board did not adopt any forms associated with FR W to address these provisions. The comment period for this notice expired on November 1, 2021. The Board did not receive any comments. Board of Governors of the Federal Reserve System, December 6, 2021. Michele Taylor Fennell, Deputy Associate Secretary of the Board. [FR Doc. 2021–26735 Filed 12–9–21; 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 Recordkeeping Requirements of Regulation H and Regulation K Associated with the Procedures for Monitoring Bank Secrecy Act Compliance (FR K; OMB No. 7100– 0310). SUMMARY: Comments must be submitted on or before February 8, 2022. ADDRESSES: You may submit comments, identified by FR K, 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 DATES: PO 00000 Frm 00067 Fmt 4703 Sfmt 4703 number or FR 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 confidential business information, identifying information, 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 for the Federal Reserve Board, 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 Paperwork Reduction Act (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. During the comment period for this proposal, a copy of the proposed PRA OMB submission, including the draft E:\FR\FM\10DEN1.SGM 10DEN1

Agencies

[Federal Register Volume 86, Number 235 (Friday, December 10, 2021)]
[Notices]
[Pages 70495-70496]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-26735]


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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 
Reporting and Recordkeeping Requirements Associated with Regulation W 
(FR W; OMB No. 7100-0304).

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 for the Federal 
Reserve Board, 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 Paperwork Reduction Act (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: Reporting and Recordkeeping Requirements Associated 
with Regulation W.
    Agency form number: FR W.
    OMB control number: 7100-0304.
    Effective Date: December 10, 2021.
    Frequency: Event generated.
    Respondents: Insured depository institutions and uninsured member 
banks.

[[Page 70496]]

    Estimated number of respondents: 1.
    Estimated average hours per response:
Reporting
    Section 223.15(b)(4), 2;
    Section 223.31(d)(4), 6;
    Section 223.41(d)(2), 6;
    Section 223.43(b), 10;
Recordkeeping
    Section 223.42(f), 2;
    Section 223.42(g)(3), 2.
    Estimated annual burden hours: 28.
    General description of report: The FR W information collection 
comprises the reporting requirements of Regulation W that are found in 
sections 223.15(b)(4), 223.31(d)(4), 223.41(d)(2), and 223.43(b). This 
information is used to demonstrate compliance with sections 23A and 23B 
of the Federal Reserve Act (FRA) and to request certain exemptions from 
the Board. Sections 23A and 23B of the FRA are designed to protect a 
depository institution from exposure arising from certain transactions 
with affiliates. They also limit the ability of an insured depository 
institution to transfer the subsidy arising from access to the federal 
safety net to such affiliates. Regulation W implements sections 23A and 
23B by defining terms used in the statute, explaining the statute's 
requirements, and exempting certain transactions. The regulation 
includes provisions requiring the reporting of information to the Board 
under certain circumstances, including a provision permitting a bank to 
request from the Board a discretionary exemption from the requirements 
of section 23A as long as the Board finds the exemption to be in the 
public interest and consistent with the purposes of section 23A.
    Legal authorization and confidentiality: Sections 23A and 23B of 
the FRA authorize the Board to issue these requirements (12 U.S.C. 
371c(f) and 371c-1(e)). Compliance with the FR W requirements is 
required to obtain a benefit.
    Information provided on the Loan Participation Renewal notice 
(Section 223.15(b)(4)) may be considered confidential under exemption 4 
of the Freedom of Information Act (``FOIA'') as confidential commercial 
or financial information that is both customarily and actually treated 
as private (5 U.S.C. 552(b)(4)). Information provided on the 
Acquisition notice (Section 223.31(d)(4)), the Internal Corporate 
Reorganization Transaction notice (Section 223.41(d)(2)), and the 
Section 23A Additional Information request (Section 223.43(b)) 
generally is not considered confidential, but respondents may request 
confidential treatment under exemption 4 of the FOIA if the information 
is confidential commercial or financial information that is both 
customarily and actually treated as private. Information collected 
under the FR W may also be considered confidential under FOIA exemption 
8 if it is obtained as part of an examination or supervision of a 
financial institution (5 U.S.C. 552(b)(8)).
    Current actions: On September 1, 2021, the Board published a notice 
in the Federal Register (86 FR 49031) requesting public comment for 60 
days on the extension, with revision, of the Reporting and 
Recordkeeping Requirements Associated with Regulation W. The Board 
revised the FR W information collection to account for two 
recordkeeping provisions in section 223.42 of Regulation W that had not 
been previously cleared by the Board under the PRA. The Board did not 
adopt any forms associated with FR W to address these provisions. The 
comment period for this notice expired on November 1, 2021. The Board 
did not receive any comments.

    Board of Governors of the Federal Reserve System, December 6, 
2021.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2021-26735 Filed 12-9-21; 8:45 am]
BILLING CODE 6210-01-P