[Federal Register Volume 79, Number 231 (Tuesday, December 2, 2014)]
[Notices]
[Pages 71415-71416]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-28350]


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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: 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 
instrument(s) 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 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.
    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, without revision, of the following report(s):
    1. Report title: Interagency Bank Merger Act Application.
    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.

[[Page 71416]]

    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.
    Current Actions: On September 12, 2014, the Federal Reserve 
published a notice in the Federal Register (79 FR 54720) requesting 
public comment for 60 days on the extension, without revision, of the 
Interagency Bank Merger Act Application; and of the Interagency Notice 
of Change in Bank Control, Interagency Notice of Change in Director or 
Senior Executive Officer, and Interagency Biographical and Financial 
Report. The comment period for this notice expired on November 12, 
2014. The Federal Reserve did not receive any comments. The information 
collections will be extended as proposed.

    Board of Governors of the Federal Reserve System, November 26, 
2014.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2014-28350 Filed 12-1-14; 8:45 am]
BILLING CODE 6210-01-P