[Federal Register Volume 78, Number 122 (Tuesday, June 25, 2013)]
[Notices]
[Pages 38032-38033]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-15168]


=======================================================================
-----------------------------------------------------------------------

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: Notice is hereby given of the final approval of proposed 
information collections by the Board of Governors of the Federal 
Reserve System (Board) under OMB delegated authority, as per 5 CFR 
1320.16 (OMB Regulations on Controlling Paperwork Burdens on the 
Public). Board-approved collections of information are incorporated 
into the official OMB inventory of currently approved collections of 
information. Copies of the Paperwork Reduction Act Submission, 
supporting statements and approved collection of information 
instruments are placed into OMB's public docket files. The Federal 
Reserve may not conduct or sponsor, and the respondent is not required 
to respond to, an information collection that has been extended, 
revised, or implemented on or after October 1, 1995, unless it displays 
a currently valid OMB control number.

FOR FURTHER INFORMATION CONTACT: Federal Reserve Board Clearance 
Officer--Cynthia Ayouch--Division of Research and Statistics, Board of 
Governors of the Federal Reserve System, Washington, DC 20551 (202) 
452-3829. Telecommunications Device for the Deaf (TDD) users may 
contact (202) 263-4869, Board of Governors of the Federal Reserve 
System, Washington, DC 20551.
    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.
    Final approval under OMB delegated authority of the extension for 
three years, with revision, of the following reports:
    1. Report title: Survey to Obtain Information on the Relevant 
Market in Individual Merger Cases.
    Agency form number: FR 2060.
    OMB control number: 7100-0232.
    Frequency: On occasion.
    Reporters: Small businesses and consumers.
    Annual reporting hours: 9 hours.
    Estimated average hours per response: Small businesses, 10 minutes; 
consumers, 6 minutes.
    Number of respondents: 25 small businesses and 50 consumers per 
survey.
    General description of report: This information collection is 
voluntary pursuant to the Change in Bank Control Act (12 U.S.C. 
1817(j)(7)(A) and (B)), the Bank Merger Act (12 U.S.C. 1828(c)(5)), and 
section 3(c)(1) of the Bank Holding Company Act (BHC Act) (12 U.S.C. 
1842(c)(1)). Individual responses are confidential pursuant to the 
Freedom of Information Act (5 U.S.C. 552 (b)(4) and (b)(6)) for small 
businesses and consumers, respectively.
    Abstract: The Federal Reserve uses this information to define 
relevant banking markets for specific merger and acquisition 
applications and to evaluate changes in competition that would result 
from proposed transactions, including purchase and assumption 
agreements.
    Current Actions: On April 15, 2013, the Federal Reserve published a 
notice in the Federal Register (78 FR 22261) seeking public comment for 
60 days on the extension, with revision, of the FR 2060. The comment 
period for this notice expired on June 14, 2013. The Federal Reserve 
did not receive any comments. The revision will be implemented as 
proposed.
    2. Report title: Notice Claiming Status as an Exempt Transfer 
Agent.
    Agency form number: FR 4013.
    OMB control number: 7100-0137.
    Frequency: On occasion.
    Reporters: Banks, Bank Holding Companies (BHCs), SLHCs, and certain 
trust companies.
    Annual reporting hours: 20 hours.
    Estimated average hours per response: 2 hours.
    Number of respondents: 10.
    General description of report: This information collection is 
mandatory pursuant to section 17A(c) of the Securities Exchange Act of 
1934 (15 U.S.C. 78q-1(c)) as amended by the Securities Acts Amendments 
of 1975.

[[Page 38033]]

This section provides for the registration of transfer agents within 
the appropriate regulatory agencies (including the Federal Reserve 
under 15 U.S.C. 78c(a)(34)(B)(ii). The data collected are not given 
confidential treatment.
    Abstract: Banks, BHCs, and trust companies subject to the Federal 
Reserve's supervision that are low-volume transfer agents voluntarily 
file the notice on occasion with the Federal Reserve. Transfer agents 
are institutions that provide securities transfer, registration, 
monitoring, and other specified services on behalf of securities 
issuers. The purpose of the notice, which is effective until the agent 
withdraws it, is to claim exemption from certain rules and regulations 
of the Securities and Exchange Commission (SEC). The Federal Reserve 
uses the notices for supervisory purposes because the SEC has assigned 
to the Federal Reserve responsibility for collecting the notices and 
verifying their accuracy through examinations of the respondents. There 
is no formal reporting form and each notice is filed as a letter.
    Current Actions: On April 15, 2013, the Federal Reserve published a 
notice in the Federal Register (78 FR 22261) seeking public comment for 
60 days on the extension, with revision, of the FR 4013. The comment 
period for this notice expired on June 14, 2013. The Federal Reserve 
did not receive any comments. The revision will be implemented as 
proposed.
    Final approval under OMB delegated authority of the extension for 
three years, without revision, of the following reports:
    1. Report title: Request for Extension of Time to Dispose of Assets 
Acquired in Satisfaction of Debts Previously Contracted.
    Agency form number: FR 4006.
    OMB control number: 7100-0129.
    Frequency: Annual.
    Reporters: BHCs.
    Annual reporting hours: 885 hours.
    Estimated average hours per response: 5 hours.
    Number of respondents: 177.
    General description of report: This information collection is 
required to obtain a benefit pursuant to sections 4(a) and 4(c)(2) of 
the BHC Act (12 U.S.C. 1843(a) and (c)(2)) and may be given 
confidential treatment upon request. The Federal Reserve has 
established a procedure for requesting an extension in its Regulation Y 
(12 CFR 225.22(d)(1) and 225.140).
    Abstract: A BHC that acquired voting securities or assets through 
foreclosure in the ordinary course of collecting a debt previously 
contracted may not retain ownership of those shares or assets for more 
than two years without prior Federal Reserve approval. There is no 
formal reporting form and each request for extension must be filed at 
the appropriate Reserve Bank of the BHC. The Federal Reserve uses the 
information provided in the request to fulfill its statutory obligation 
to supervise BHCs.
    Current actions: On April 15, 2013, the Federal Reserve published a 
notice in the Federal Register (78 FR 22261) seeking public comment for 
60 days on the extension, without revision, of the FR 4006. The comment 
period for this notice expired on June 14, 2013. The Federal Reserve 
did not receive any comments.
    2. Report title: Stock Redemption Notification.
    Agency form number: FR 4008.
    OMB control number: 7100-0131.
    Frequency: On occasion.
    Reporters: BHCs.
    Reporters: BHCs.
    Annual reporting hours: 155 hours.
    Estimated average hours per response: 15.5 hours.
    Number of respondents: 10.
    General description of report: This information collection is 
mandatory pursuant to Sections 5(b) and (c) of the BHC Act (12 U.S.C. 
1844(b) and (c)) and is generally not given confidential treatment. 
However, a respondent may request that the information be kept 
confidential on a case-by-case basis.
    Abstract: The BHC Act and Regulation Y generally require a BHC to 
seek prior Federal Reserve approval before purchasing or redeeming its 
equity securities. Given that a BHC is exempt from this requirement if 
it meets certain financial, managerial, and supervisory standards, only 
a small portion of proposed stock redemptions actually require the 
prior approval of the Federal Reserve. There is no formal reporting 
form. The Federal Reserve uses the information provided in the 
redemption notice to fulfill its statutory obligation to supervise 
BHCs.
    Current actions: On April 15, 2013, the Federal Reserve published a 
notice in the Federal Register (78 FR 22261) seeking public comment for 
60 days on the extension, without revision, of the FR 4008. The comment 
period for this notice expired on June 14, 2013. The Federal Reserve 
did not receive any comments.
    3. Report title: Investment in Bank Premises Notification.
    Agency form number: FR 4014.
    OMB control number: 7100-0139.
    Frequency: On occasion.
    Reporters: State member banks (SMBs).
    Annual reporting hours: 6 hours.
    Estimated average hours per response: 30 minutes.
    Number of respondents: 11.
    General description of report: This information collection is 
required to obtain a benefit pursuant to Section 24A(a) of the Federal 
Reserve Act (12 U.S.C. 371d(a)) and is not given confidential 
treatment. However, a respondent may request confidential treatment for 
all or part of a notification, which would be reviewed on a case-by-
case basis.
    Abstract: The Federal Reserve Act requires SMBs to seek prior 
Federal Reserve approval before making an investment in bank premises 
that exceeds certain thresholds. There is no formal reporting form, and 
each required request for prior approval must be filed as a 
notification with the appropriate Reserve Bank of the SMB. The Federal 
Reserve uses the information provided in the notice to fulfill its 
statutory obligation to supervise SMBs.
    Current actions: On April 15, 2013, the Federal Reserve published a 
notice in the Federal Register (78 FR 22261) seeking public comment for 
60 days on the extension, without revision, of the FR 4014. The comment 
period for this notice expired on June 14, 2013. The Federal Reserve 
did not receive any comments.

    Board of Governors of the Federal Reserve System, June 20, 2013.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2013-15168 Filed 6-24-13; 8:45 am]
BILLING CODE 6210-01-P