Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 11707-11708 [2022-04348]

Download as PDF 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. lotter on DSK11XQN23PROD with NOTICES1 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 VerDate Sep<11>2014 17:34 Mar 01, 2022 Jkt 256001 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 PO 00000 Frm 00022 Fmt 4703 Sfmt 4703 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: E:\FR\FM\02MRN1.SGM 02MRN1 lotter on DSK11XQN23PROD with NOTICES1 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 VerDate Sep<11>2014 17:34 Mar 01, 2022 Jkt 256001 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). PO 00000 Frm 00023 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 E:\FR\FM\02MRN1.SGM 02MRN1

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