Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 11707-11708 [2022-04348]
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Federal Register / Vol. 87, No. 41 / Wednesday, March 2, 2022 / Notices
Request for Comment on Information
Collection Proposal
The Board invites public comment on
the following information collection,
which is being reviewed under
authority delegated by the OMB under
the PRA. Comments are invited on the
following:
a. Whether the proposed collection of
information is necessary for the proper
performance of the Board’s functions,
including whether the information has
practical utility;
b. The accuracy of the Board’s
estimate of the burden of the proposed
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;
d. Ways to minimize the burden of
information collection on respondents,
including through the use of automated
collection techniques or other forms of
information technology; and
e. Estimates of capital or startup costs
and costs of operation, maintenance,
and purchase of services to provide
information.
At the end of the comment period, the
comments and recommendations
received will be analyzed to determine
the extent to which the Board should
modify the proposal.
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Proposal Under OMB Delegated
Authority To Extend for Three Years,
Without Revision, the Following
Information Collection
Report title: Notice of Proposed Stock
Redemption.
Agency form number: FR 4008.
OMB control number: 7100–0131.
Frequency: On occasion.
Respondents: Bank holding
companies (BHCs).
Estimated number of respondents: 6.
Estimated average hours per response:
15.5.
Estimated annual burden hours: 93.
General description of report: The
Bank Holding Company Act of 1956
(BHC Act) and Board’s Regulation Y—
Bank Holding Companies and Change in
Bank Control (12 CFR 225) require a
BHC to seek the prior approval of the
Board before purchasing or redeeming
its equity securities in certain
circumstances. Due to the limited
information that a BHC must provide in
connection with any such request, there
is no required reporting form (the FR
4008 designation is for internal
purposes only), and each request for
prior approval is generally filed 30 days
before the proposed stock purchase or
redemption as a notification with the
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Reserve Bank that has direct supervisory
responsibility for the requesting BHC.
The Federal Reserve uses the
information provided in the redemption
notices to supervise BHCs.
Legal authorization and
confidentiality: The FR 4008 is
authorized pursuant to sections 5(b) and
(c) of the Bank Holding Company Act
(BHC Act).1 Section 5(b) of the BHC Act,
as amended by section 616 of the DoddFrank Wall Street Reform and Consumer
Protection Act,2 authorizes the Board to
‘‘issue such regulations and orders,
including regulations and orders
relating to the capital requirements for
bank holding companies, as may be
necessary to enable it to administer and
carry out the purposes of this chapter
and prevent evasions thereof.’’ Section
5(c) of the BHC Act generally authorizes
the Board to, among other things,
require reports from BHCs on a range of
issues. The FR 4008 is required for
certain BHCs to obtain the benefit of
being able to purchase or redeem their
equity securities.
Individual respondents may request
that data submitted be kept confidential
on a case-by-case basis. If a respondent
requests confidential treatment, the
Board will determine whether the
information is entitled to confidential
treatment on an ad hoc basis. Requests
may include information related to the
BHC’s business operations, such as
terms and sources of the funding for the
redemption and pro forma balance
sheets. To the extent that this
information constitutes nonpublic
commercial or financial information,
which is both customarily and actually
treated as private by the respondent, it
may be kept confidential under
exemption 4 of the Freedom of
Information Act, which exempts ‘‘trade
secrets and commercial or financial
information obtained from a person and
privileged or confidential.’’ 3
Board of Governors of the Federal Reserve
System, February 24, 2022.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
11707
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
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 March 16, 2022.
A. Federal Reserve Bank of Dallas
(Karen Smith, Director, Applications)
2200 North Pearl Street, Dallas, Texas
75201–2272:
1. The MES 2022 Trust and Marvin
Edward Singleton, IV, individually, and
as trustee, both of Waxahachie, Texas;
to join the Marvin Edward Singleton, III
Family Control Group, a group acting in
concert, to acquire voting shares of First
Citizens Bancshares, Inc., and thereby
indirectly acquire voting shares of
Citizens National Bank of Texas, both of
Waxahachie, Texas.
Board of Governors of the Federal Reserve
System, February 25, 2022.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2022–04395 Filed 3–1–22; 8:45 am]
BILLING CODE 6210–01–P
[FR Doc. 2022–04345 Filed 3–1–22; 8:45 am]
FEDERAL RESERVE SYSTEM
BILLING CODE 6210–01–P
[FR 4004; OMB No. 7100–0112]
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
12 U.S.C. 1844(b) and (c).
Public Law 111–203, 124 Stat. 1376 (2010).
3 5 U.S.C. 552(b)(4).
1
2
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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, without revision, the Written
AGENCY:
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02MRN1
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11708
Federal Register / Vol. 87, No. 41 / Wednesday, March 2, 2022 / Notices
Security Program for State Member
Banks.
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.
Protection Act of 1968 authorizes the FR
4004 recordkeeping requirement.1 The
FR 4004 is mandatory.
Entities subject to the FR 4004
recordkeeping requirement generally are
not required to provide such
information to the Board. If the Board
obtained information retained pursuant
to the FR 4004 as part of an examination
or supervision of a financial institution,
it may be considered confidential under
exemption 8 of the Freedom of
Information Act (FOIA).2 Information
provided under the FR 4004 may also be
kept confidential under FOIA
exemption 4 as confidential commercial
or financial information that is both
customarily and actually treated as
private.3
Current actions: On November 23,
2021, the Board published a notice in
the Federal Register (86 FR 66559)
requesting public comment for 60 days
on the extension, without revision, of
the Written Security Program for State
Member Banks. The comment period for
this notice expired on January 24, 2022.
The Board did not receive any
comments.
Final Approval Under OMB Delegated
Authority of the Extension for Three
Years, Without Revision, of the
Following Information Collection
Report title: Written Security Program
for State Member Banks.
Agency form number: FR 4004.
OMB control number: 7100–0112.
Frequency: On occasion.
Respondents: State member banks.
Estimated number of respondents: 14.
Estimated average hours per response:
1.
Estimated annual burden hours: 14.
General description of report: This
information collection arises from a
recordkeeping requirement contained in
section 208.61 of the Board’s Regulation
H, Membership of State Banking
Institutions in the Federal Reserve
System (12 CFR 208), which requires
each state member bank to develop and
maintain a written security program for
the bank’s main office and branches
within 180 days of becoming a member
of the Federal Reserve System.
Legal authorization and
confidentiality: Section 3 of the Bank
Agency Information Collection
Activities: Announcement of Board
Approval Under Delegated Authority
and Submission to OMB
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Board of Governors of the Federal Reserve
System, February 24, 2022.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2022–04348 Filed 3–1–22; 8:45 am]
BILLING CODE 6210–01–P
FEDERAL RESERVE SYSTEM
[FR 2320; OMB No. 7100–0345]
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 Quarterly
Savings and Loan Holding Company
Report.
AGENCY:
FOR FURTHER INFORMATION CONTACT:
Federal Reserve Board Clearance
Officer—Nuha Elmaghrabi—Office of
the Chief Data Officer, Board of
Governors of the Federal Reserve
1 12 U.S.C. 1882(a) (requiring federal banking
agencies, including the Board, to issue rules
establishing minimum standards for banks with
respect to the installation, maintenance, and
operation of security devices and procedures to
discourage robberies, burglaries, and larcenies and
to assist in the identification and apprehension of
persons who commit such acts).
2 5 U.S.C. 552(b)(8).
3 5 U.S.C. 552(b)(4).
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Fmt 4703
Sfmt 4703
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.
Final Approval Under OMB Delegated
Authority of the Extension for Three
Years, Without Revision, of the
Following Information Collection
Report title: Quarterly Savings and
Loan Holding Company Report.
Agency form number: FR 2320.
OMB control number: 7100–0345.
Frequency: Quarterly.
Respondents: Savings and loan
holding companies (SLHCs).
Estimated number of respondents: 5.
Estimated average hours per response:
2.5.
Estimated annual burden hours: 50.
General description of report: The FR
2320 collects select parent only and
consolidated balance sheet and income
statement financial data and
organizational structure data from
SLHCs exempt from filing other Federal
Reserve regulatory reports. Specifically,
the FR 2320 collects data on the assets,
liabilities, equity, and income of the
organization. In addition, the FR 2320
collects information about and changes
to the organization’s subsidiaries,
management, capital structure, and
operations.
Legal authorization and
confidentiality: The FR 2320 is
authorized by section 10(b)(2) of the
Home Owners’ Loan Act (HOLA), which
states that ‘‘each [SLHC] and each
subsidiary thereof, other than a savings
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]]>Agencies
[Federal Register Volume 87, Number 41 (Wednesday, March 2, 2022)]
[Notices]
[Pages 11707-11708]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-04348]
-----------------------------------------------------------------------
FEDERAL RESERVE SYSTEM
[FR 4004; OMB No. 7100-0112]
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
Written
[[Page 11708]]
Security Program for State Member Banks.
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, Without Revision, of the Following Information Collection
Report title: Written Security Program for State Member Banks.
Agency form number: FR 4004.
OMB control number: 7100-0112.
Frequency: On occasion.
Respondents: State member banks.
Estimated number of respondents: 14.
Estimated average hours per response: 1.
Estimated annual burden hours: 14.
General description of report: This information collection arises
from a recordkeeping requirement contained in section 208.61 of the
Board's Regulation H, Membership of State Banking Institutions in the
Federal Reserve System (12 CFR 208), which requires each state member
bank to develop and maintain a written security program for the bank's
main office and branches within 180 days of becoming a member of the
Federal Reserve System.
Legal authorization and confidentiality: Section 3 of the Bank
Protection Act of 1968 authorizes the FR 4004 recordkeeping
requirement.\1\ The FR 4004 is mandatory.
---------------------------------------------------------------------------
\1\ 12 U.S.C. 1882(a) (requiring federal banking agencies,
including the Board, to issue rules establishing minimum standards
for banks with respect to the installation, maintenance, and
operation of security devices and procedures to discourage
robberies, burglaries, and larcenies and to assist in the
identification and apprehension of persons who commit such acts).
---------------------------------------------------------------------------
Entities subject to the FR 4004 recordkeeping requirement generally
are not required to provide such information to the Board. If the Board
obtained information retained pursuant to the FR 4004 as part of an
examination or supervision of a financial institution, it may be
considered confidential under exemption 8 of the Freedom of Information
Act (FOIA).\2\ Information provided under the FR 4004 may also be kept
confidential under FOIA exemption 4 as confidential commercial or
financial information that is both customarily and actually treated as
private.\3\
---------------------------------------------------------------------------
\2\ 5 U.S.C. 552(b)(8).
\3\ 5 U.S.C. 552(b)(4).
---------------------------------------------------------------------------
Current actions: On November 23, 2021, the Board published a notice
in the Federal Register (86 FR 66559) requesting public comment for 60
days on the extension, without revision, of the Written Security
Program for State Member Banks. The comment period for this notice
expired on January 24, 2022. The Board did not receive any comments.
Board of Governors of the Federal Reserve System, February 24,
2022.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2022-04348 Filed 3-1-22; 8:45 am]
BILLING CODE 6210-01-P
