[Federal Register Volume 79, Number 177 (Friday, September 12, 2014)]
[Notices]
[Pages 54720-54721]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-21793]


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FEDERAL RESERVE SYSTEM


Proposed Agency Information Collection Activities; Comment 
Request

AGENCY: Board of Governors of the Federal Reserve System.

SUMMARY: On June 15, 1984, the Office of Management and Budget (OMB) 
delegated to the Board of Governors of the Federal Reserve System 
(Board) its approval authority under the Paperwork Reduction Act (PRA), 
pursuant to 5 CFR 1320.16, to approve of and assign OMB control numbers 
to collection of information requests and requirements conducted or 
sponsored by the Board under conditions set forth in 5 CFR part 1320 
Appendix A.1. 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.

DATES: Comments must be submitted on or before November 12, 2014.

ADDRESSES: You may submit comments, identified by FR 2070; or FR 
2081a,b,c; by any of the following methods:
     Agency Web site: http://www.federalreserve.gov. Follow the 
instructions for submitting comments at http://www.federalreserve.gov/apps/foia/proposedregs.aspx.
     Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments.
     Email: [email protected]. Include OMB 
number in the subject line of the message.
     Fax: (202) 452-3819 or (202) 452-3102.
     Mail: Robert deV. Frierson, 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 Web site at 
http://www.federalreserve.gov/apps/foia/proposedregs.aspx as submitted, 
unless modified for technical reasons. Accordingly, your comments will 
not be edited to remove any identifying or contact information. Public 
comments may also be viewed electronically or in paper form in Room MP-
500 of the Board's Martin Building (20th and C Streets NW.) between 
9:00 a.m. and 5:00 p.m. on weekdays.
    Additionally, commenters may send a copy of their comments to the 
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 or by 
fax to (202) 395-6974.

FOR FURTHER INFORMATION CONTACT: A copy of the PRA OMB submission, 
including the proposed reporting form and instructions, supporting 
statement, and other documentation will be placed into OMB's public 
docket files, once approved. These documents will also be made 
available on the Federal Reserve Board's public Web site at: http://www.federalreserve.gov/apps/reportforms/review.aspx or may be requested 
from the agency clearance officer, whose name appears below.
    Federal Reserve Board Acting Clearance Officer--John Schmidt--
Office of the Chief Data Officer, 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.

SUPPLEMENTARY INFORMATION:

Request for Comment on Information Collection Proposals

    The following information collections, which are being handled 
under this delegated authority, have received initial Board approval 
and are hereby published for comment. At the end of the comment period, 
the proposed information collections, along with an analysis of 
comments and recommendations received, will be submitted to the Board 
for final approval under OMB delegated authority. Comments are invited 
on the following:
    a. Whether the proposed collection of information is necessary for 
the proper performance of the Federal Reserve's functions; including 
whether the information has practical utility;
    b. The accuracy of the Federal Reserve'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 start up costs and costs of operation, 
maintenance, and purchase of services to provide information.

Proposal To Approve Under OMB Delegated Authority the Extension for 
Three Years, Without Revision, of the Following Reports

    1. Report title: Interagency Bank Merger Act Application.


[[Page 54721]]


    Agency form number: FR 2070.
    OMB control number: 7100-0171.
    Frequency: On occasion.
    Reporters: State member banks.
    Estimated annual reporting hours: Nonaffiliate Transactions: 1,680 
hours; Affiliate Transactions: 198 hours.
    Estimated average hours per response: Nonaffiliate Transactions: 30 
hours; Affiliate Transactions: 18 hours.
    Number of respondents: Nonaffiliate Transactions: 56; Affiliate 
Transactions: 11.
    General description of report: This information collection is 
required pursuant to section 18(c) of the Federal Deposit Insurance Act 
(12 U.S.C. 1828(c)) and is not given confidential treatment. However, 
applicants may request that parts of a submitted application be kept 
confidential. In such cases, the burden is on the applicant to justify 
the exemption by demonstrating that disclosure would cause substantial 
competitive harm or result in an unwarranted invasion of personal 
privacy or would otherwise qualify for an exemption under the Freedom 
of Information Act (5 U.S.C. 552). The confidentiality status of the 
information submitted will be judged on a case-by-case basis.
    Abstract: The Federal Reserve, the Office of the Comptroller of the 
Currency, and the Federal Deposit Insurance Corporation (the agencies) 
each use this application form to collect information for bank merger 
proposals that require prior approval under the Bank Merger Act. Prior 
approval is required for every merger transaction involving affiliated 
or nonaffiliated institutions and must be sought from the regulatory 
agency of the depository institution that would survive the proposed 
transaction. A merger transaction may include a merger, consolidation, 
assumption of deposit liabilities, or certain asset-transfers between 
or among two or more institutions. The Federal Reserve collects this 
information so that it may meet its statutory obligation of evaluating 
(with respect to every state member bank merger proposal) the 
competitive effects, the adequacy of the financial and managerial 
resources of the institutions involved, and the effect on the 
convenience and needs of the affected communities.
    2. Report title: Interagency Notice of Change in Bank Control, 
Interagency Notice of Change in Director or Senior Executive Officer, 
and Interagency Biographical and Financial Report.

    Agency form number: FR 2081a, FR 2081b, and FR 2081c.
    OMB control number: 7100-0134.
    Frequency: On occasion.
    Reporters: Bank holding companies (BHCs), state member banks 
(SMBs), and certain of their officers and shareholders.
    Estimated annual reporting hours: FR 2081a: 5,040 hours; FR 2081b: 
618 hours; FR 2081c: 6,680 hours.
    Estimated average hours per response: FR 2081a: 30 hours; FR 2081b: 
2 hours; FR 2081c: 4 hours.
    Number of respondents: FR 2081a: 168; FR 2081b: 309; FR 2081c: 
1,670.
    General description of report: The FR 2081a and FR 2081c are 
mandatory pursuant to section 7(j) of the Federal Deposit Insurance Act 
(12 U.S.C. 1817(j)). The FR 2081b and FR 2081c are mandatory pursuant 
to section 914 of the Financial Institutions Reform, Recovery, and 
Enforcement Act (12 U.S.C. 1831(i)). This information collection is not 
given confidential treatment. The organizations and individuals that 
use the forms may request that all or a portion of the submitted 
information be kept confidential. In such cases, the burden is on the 
filer to justify the exemption by demonstrating that disclosure would 
cause substantial competitive harm or result in an unwarranted invasion 
of personal privacy or would otherwise qualify for an exemption under 
the Freedom of Information Act (5 U.S.C. 552). The confidentiality 
status of the information submitted will be determined on a case-by-
case basis.
    Abstract: The information collected assists the Federal Reserve, 
the Office of the Comptroller of the Currency, and the Federal Deposit 
Insurance Corporation (the agencies) in fulfilling their statutory 
responsibilities as supervisors. Each of these forms is used to collect 
information in connection with applications and notices filed prior to 
proposed changes in the ownership or management of banking 
organizations. The agencies use the information to evaluate the 
controlling owners, senior officers, and directors of the insured 
depository institutions subject to their oversight. The information 
collected in an Interagency Notice of Change in Bank Control (FR 2081a) 
submitted to the Federal Reserve is provided by persons proposing to 
make significant investments in a BHC or SMB. The information collected 
in the Interagency Notice of Change in Director or Senior Executive 
Officer (FR 2081b) is required under Section 914 of the Financial 
Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) and 
is submitted to the Federal Reserve (under certain circumstances) by a 
BHC or SMB making changes in its board of directors or senior executive 
officers. The Interagency Biographical and Financial Report (FR 2081c) 
is not a stand-alone reporting form; it is a companion reporting form 
to the FR 2081a and the FR 2018b (and to other Federal Reserve 
information collections) that is used to gather required information 
about the individuals involved in various applications and notices.

    Board of Governors of the Federal Reserve System, September 9, 
2014.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2014-21793 Filed 9-11-14; 8:45 am]
BILLING CODE 6210-01-P