Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 73302-73303 [2022-25968]

Download as PDF khammond on DSKJM1Z7X2PROD with NOTICES 73302 Federal Register / Vol. 87, No. 228 / Tuesday, November 29, 2022 / Notices interchange fees for exempt and covered issuers.4 Legal authorization and confidentiality: The FR 3064 surveys are authorized by section 920(a) of the Electronic Fund Transfer Act, as amended by section 1075(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act. This provision requires the Board, at least once every two years, to disclose aggregate or summary information concerning the costs incurred and interchange transaction fees charged or received by issuers or payment card networks in connection with the authorization, clearance, or settlement of electronic debit transactions as the Board considers appropriate and in the public interest. It also provides the Board with authority to require issuers and payment card networks to provide information to enable the Board to carry out the provisions of the subsection. The FR 3064 surveys are mandatory. The Board is required to release aggregate information from responses to the FR 3064 surveys. The Board additionally releases, at the network level, the percentage of total number of transactions, the percentage of total value of transactions, and the average transaction value for exempt and nonexempt issuers obtained on the FR 3064b because it can be calculated based on information the Board already releases and may be useful to issuers, merchants, and policymakers in choosing payment card networks and assessing the effects of interchange regulations. The information contained in individual responses to the FR 3064 surveys is nonpublic commercial or financial information, which is both customarily and actually treated as private by the respondent. The Board may therefore keep such information confidential pursuant to exemption 4 of the Freedom of Information Act. Current actions: On July 13, 2022, the Board published a notice in the Federal Register (87 FR 41718) requesting public comment for 60 days on the extension, with revision, of the Interchange Transaction Fees Survey. The comment period for this notice expired on September 12, 2022. The Board did not receive any comments. The revisions will be implemented as proposed. 4 See Average Debit Card Interchange Fee by Payment Card Network https:// www.federalreserve.gov/paymentsystems/regiiaverage-interchange-fee.htm. VerDate Sep<11>2014 16:29 Nov 28, 2022 Jkt 259001 Board of Governors of the Federal Reserve System, November 22, 2022. Michele Taylor Fennell, Deputy Associate Secretary of the Board. [FR Doc. 2022–25967 Filed 11–28–22; 8:45 am] BILLING CODE 6210–01–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 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 December 14, 2022. A. Federal Reserve Bank of Atlanta (Erien O. Terry, Assistant Vice President) 1000 Peachtree Street NE, Atlanta, Georgia 30309. Comments can also be sent electronically to Applications.Comments@atl.frb.org. 1. Gerald Savoie, Jr. and Vonnie D. Savoie, both of Cut Off, Louisiana; to retain voting shares of Lafourche Bancshares, Inc., and thereby indirectly retain voting shares of South Lafourche Bank and Trust Company, both of Larose, Louisiana. B. Federal Reserve Bank of Dallas (Karen R. Smith, Director, Applications) 2200 N. Pearl St., Dallas, Texas 75201– 2272. 1. Scotty Dan Allen and Johnny Brad Allen, both of Stephenville, Texas; as a group acting in concert to acquire voting shares of F&M Bancshares, Inc., and PO 00000 Frm 00024 Fmt 4703 Sfmt 4703 thereby indirectly acquire voting shares of Farmers and Merchants Bank, both of De Leon, Texas. Board of Governors of the Federal Reserve System. Michele Taylor Fennell, Deputy Associate Secretary of the Board. [FR Doc. 2022–26039 Filed 11–28–22; 8:45 am] BILLING CODE 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, without revision, the Recordkeeping and Disclosure Requirements Associated with the Consumer Financial Protection Bureau’s (CFPB) Regulation E (Electronic Fund Transfers) (FR E; OMB No. 7100–0200). 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, nuha.elmaghrabi@frb.gov, (202) 452–3884. 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: E:\FR\FM\29NON1.SGM 29NON1 Federal Register / Vol. 87, No. 228 / Tuesday, November 29, 2022 / Notices khammond on DSKJM1Z7X2PROD with NOTICES Final Approval Under OMB Delegated Authority of the Extension for Three Years, Without Revision, of the Following Information Collection Collection title: Recordkeeping and Disclosure Requirements Associated with the Consumer Financial Protection Bureau’s (CFPB) Regulation E (Electronic Fund Transfers). Collection identifier: FR E. OMB control number: 7100–0200. Frequency: Event generated. Respondents: State member banks and their subsidiaries, subsidiaries of bank holding companies, U.S. branches and agencies of foreign banks (other than federal branches, federal agencies, and insured state branches of foreign banks), commercial lending companies owned or controlled by foreign banks, and organizations operating under section 25 or 25A of the Federal Reserve Act (12 U.S.C. 601–604a; 611–631). Estimated number of respondents: Recordkeeping, 874; Initial disclosures, 874; Change-in-terms, 874; Periodic statements, 67; Error resolution, 874; Pre-acquisition disclosures (short form disclosure), 5; internet posting and submission of prepaid account agreements, 6; Remittance transfer disclosures, 874; Error resolution for remittance transfers, 874; and Remittance transfers scheduled before the date of transfer, 874. Estimated average hours per response: Recordkeeping, 0.97; Initial disclosures, 0.03; Change-in-terms, 0.02; Periodic statements, 7; Error resolution, 0.5; Preacquisition disclosures (short form disclosure), 4; internet posting and submission of prepaid account agreements, 0.08; Remittance transfer disclosures, 8; Error resolution for remittance transfers, 4.5; and Remittance transfers scheduled before the date of transfer, 8. Estimated annual burden hours: Recordkeeping, 848; Initial disclosures, 6,555; Change-in-terms, 5,943; Periodic statements, 5,628; Error resolution, 13,110; Pre-acquisition disclosures (short form disclosure), 191; internet posting and submission of prepaid account agreements, 2; Remittance transfer disclosures, 83,904; Error resolution for remittance transfers, 47,196; and Remittance transfers scheduled before the date of transfer, 6,992. General description of report: The Electronic Fund Transfer Act (EFTA) requires consumers be provided meaningful disclosures about the basic terms, costs, and rights relating to electronic fund transfer (EFT) services involving a consumer’s account. The disclosures required by the EFTA are VerDate Sep<11>2014 16:29 Nov 28, 2022 Jkt 259001 triggered by specific events. The disclosures inform consumers, for example, about the terms of the EFT service, activity on the account, potential liability for unauthorized transfers, and the process for resolving errors. Legal authorization and confidentiality: The FR E is authorized pursuant to section 904 of the EFTA,1 which requires that the CFPB prescribe regulations to carry out the purposes of the EFTA, including disclosure and recordkeeping requirements relating to consumer EFT transactions. The FR E is mandatory. The disclosures and records required under Regulation E are not required to be submitted to the Board, so normally no confidentiality issues would be implicated. To the extent such disclosures and records are obtained by the Board through the examination process, they may be kept confidential under exemption 8 of the Freedom of Information Act, which protects information contained in or related to an examination of a financial institution.2 Current actions: On July 25, 2022, the Board published an initial notice in the Federal Register (87 FR 44116) requesting public comment for 60 days on the extension, without revision, of the FR E. The comment period for this notice expired on September 23, 2022. The Board did not receive any comments. Board of Governors of the Federal Reserve System, November 22, 2022. Michele Taylor Fennell, Deputy Associate Secretary of the Board. [FR Doc. 2022–25968 Filed 11–28–22; 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, without revision, the Reporting and Disclosure Requirements of Community Reinvestment Act (CRA)Related Agreements (Regulation G) (FR G; OMB No. 7100–0299). FOR FURTHER INFORMATION CONTACT: Federal Reserve Board Clearance Officer—Nuha Elmaghrabi—Office of AGENCY: 1 15 25 PO 00000 U.S.C. 1693b. U.S.C. 552(b)(8). Frm 00025 Fmt 4703 Sfmt 4703 73303 the Chief Data Officer, Board of Governors of the Federal Reserve System, nuha.elmaghrabi@frb.gov, (202) 452–3884. 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 Collection title: Reporting and Disclosure Requirements of Community Reinvestment Act (CRA)-Related Agreements. Collection identifier: FR G. OMB control number: 7100–0299. Frequency: Annually and quarterly. Respondents: State member banks and their subsidiaries; bank holding companies; savings and loan holding companies; affiliates of bank holding companies and savings and loan holding companies, other than banks, savings associations, and subsidiaries of banks and savings associations; and nongovernmental entities or persons (NGEPs) that enter into covered agreements with any of the aforementioned entities. Estimated number of respondents: Reporting: insured depository institutions (IDIs) and affiliates—Copy of agreements to agency, 1; List of agreements to agency, 1; Annual report, 1; Filing NGEP annual report, 1; Reporting: NGEP—Copy of agreements to agency, 2, Annual report, 2; Disclosure: IDI and affiliates—Covered agreements to public, 1, Agreements E:\FR\FM\29NON1.SGM 29NON1

Agencies

[Federal Register Volume 87, Number 228 (Tuesday, November 29, 2022)]
[Notices]
[Pages 73302-73303]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-25968]


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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, without revision, the 
Recordkeeping and Disclosure Requirements Associated with the Consumer 
Financial Protection Bureau's (CFPB) Regulation E (Electronic Fund 
Transfers) (FR E; OMB No. 7100-0200).

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, [email protected], (202) 452-3884.
    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.

[[Page 73303]]

Final Approval Under OMB Delegated Authority of the Extension for Three 
Years, Without Revision, of the Following Information Collection

    Collection title: Recordkeeping and Disclosure Requirements 
Associated with the Consumer Financial Protection Bureau's (CFPB) 
Regulation E (Electronic Fund Transfers).
    Collection identifier: FR E.
    OMB control number: 7100-0200.
    Frequency: Event generated.
    Respondents: State member banks and their subsidiaries, 
subsidiaries of bank holding companies, U.S. branches and agencies of 
foreign banks (other than federal branches, federal agencies, and 
insured state branches of foreign banks), commercial lending companies 
owned or controlled by foreign banks, and organizations operating under 
section 25 or 25A of the Federal Reserve Act (12 U.S.C. 601-604a; 611-
631).
    Estimated number of respondents: Recordkeeping, 874; Initial 
disclosures, 874; Change-in-terms, 874; Periodic statements, 67; Error 
resolution, 874; Pre-acquisition disclosures (short form disclosure), 
5; internet posting and submission of prepaid account agreements, 6; 
Remittance transfer disclosures, 874; Error resolution for remittance 
transfers, 874; and Remittance transfers scheduled before the date of 
transfer, 874.
    Estimated average hours per response: Recordkeeping, 0.97; Initial 
disclosures, 0.03; Change-in-terms, 0.02; Periodic statements, 7; Error 
resolution, 0.5; Pre-acquisition disclosures (short form disclosure), 
4; internet posting and submission of prepaid account agreements, 0.08; 
Remittance transfer disclosures, 8; Error resolution for remittance 
transfers, 4.5; and Remittance transfers scheduled before the date of 
transfer, 8.
    Estimated annual burden hours: Recordkeeping, 848; Initial 
disclosures, 6,555; Change-in-terms, 5,943; Periodic statements, 5,628; 
Error resolution, 13,110; Pre-acquisition disclosures (short form 
disclosure), 191; internet posting and submission of prepaid account 
agreements, 2; Remittance transfer disclosures, 83,904; Error 
resolution for remittance transfers, 47,196; and Remittance transfers 
scheduled before the date of transfer, 6,992.
    General description of report: The Electronic Fund Transfer Act 
(EFTA) requires consumers be provided meaningful disclosures about the 
basic terms, costs, and rights relating to electronic fund transfer 
(EFT) services involving a consumer's account. The disclosures required 
by the EFTA are triggered by specific events. The disclosures inform 
consumers, for example, about the terms of the EFT service, activity on 
the account, potential liability for unauthorized transfers, and the 
process for resolving errors.
    Legal authorization and confidentiality: The FR E is authorized 
pursuant to section 904 of the EFTA,\1\ which requires that the CFPB 
prescribe regulations to carry out the purposes of the EFTA, including 
disclosure and recordkeeping requirements relating to consumer EFT 
transactions. The FR E is mandatory.
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 1693b.
---------------------------------------------------------------------------

    The disclosures and records required under Regulation E are not 
required to be submitted to the Board, so normally no confidentiality 
issues would be implicated. To the extent such disclosures and records 
are obtained by the Board through the examination process, they may be 
kept confidential under exemption 8 of the Freedom of Information Act, 
which protects information contained in or related to an examination of 
a financial institution.\2\
---------------------------------------------------------------------------

    \2\ 5 U.S.C. 552(b)(8).
---------------------------------------------------------------------------

    Current actions: On July 25, 2022, the Board published an initial 
notice in the Federal Register (87 FR 44116) requesting public comment 
for 60 days on the extension, without revision, of the FR E. The 
comment period for this notice expired on September 23, 2022. The Board 
did not receive any comments.

    Board of Governors of the Federal Reserve System, November 22, 
2022.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2022-25968 Filed 11-28-22; 8:45 am]
BILLING CODE 6210-01-P
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