[Federal Register Volume 81, Number 170 (Thursday, September 1, 2016)]
[Notices]
[Page 60353]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-21054]


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FEDERAL DEPOSIT INSURANCE CORPORATION


Agency Information Collection Activities: Submission for OMB 
Review; Comment Request (3064-0026)

AGENCY: Federal Deposit Insurance Corporation (FDIC).

ACTION: Notice and request for comment.

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SUMMARY: The FDIC, as part of its continuing effort to reduce paperwork 
and respondent burden, invites the general public and other Federal 
agencies to take this opportunity to comment on the renewal of an 
existing information collection, as required by the Paperwork Reduction 
Act of 1995. On June 10, 2016, (81 FR 37665), the Office of the 
Comptroller of the Currency (OCC), the Board of Governors of the 
Federal Reserve System (the Board) and the FDIC requested comment for 
60 days on a proposal to renew the information collection described 
below. No comments were received. The FDIC hereby gives notice of its 
plan to submit to OMB a request to approve the renewal of this 
collection, and again invites comment on this renewal.

DATES: Comments must be submitted on or before October 3, 2016.

ADDRESSES: Interested parties are invited to submit written comments to 
the FDIC by any of the following methods:
     http://www.FDIC.gov/regulations/laws/federal/
     Email: [email protected] Include the name of the 
collection in the subject line of the message.
     Mail: Manny Cabeza, (202.898.3767), Counsel, Room MB-3105, 
Federal Deposit Insurance Corporation, 550 17th Street NW., Washington, 
DC 20429.
     Hand Delivery: Comments may be hand-delivered to the guard 
station at the rear of the 17th Street Building (located on F Street), 
on business days between 7:00 a.m. and 5:00 p.m.
    All comments should refer to the relevant OMB control number. A 
copy of the comments may also be submitted to the OMB desk officer for 
the FDIC: Office of Information and Regulatory Affairs, Office of 
Management and Budget, New Executive Office Building, Washington, DC 
20503.

FOR FURTHER INFORMATION CONTACT: Manny Cabeza, at the FDIC address 
above.

SUPPLEMENTARY INFORMATION: Proposal to renew the following currently-
approved collection of information:
    Title: Uniform Interagency Transfer Agent Registration and 
Amendment Form.
    OMB Number: 3064-0026.
    Form Number: Form TA-1.
    Affected Public: Private sector, insured state nonmember banks and 
state savings associations.
    Frequency of Response: On occasion.
    Estimated Number of Respondents: Registration--2; amendments--10.
    Estimated Average Time per Response: Registrations--1.25 hours; 
amendments--10 minutes.
    Estimated Total Annual Burden: 4.667 hours.
    General Description: Section 17A(c) of the Security Exchange Act of 
1934 (the Act) requires all transfer agents for securities registered 
under section 12 of the Act or, if the security would be required to be 
registered except for the exemption from registration provided by 
Section 12(g)(2)(B) or Section 12(g)(2)(G), to ``fil[e] with the 
appropriate regulatory agency . . . an application for registration in 
such form and containing such information and documents . . . as such 
appropriate regulatory agency may prescribe as necessary or appropriate 
in furtherance of the purposes of this section.'' \1\ In general, an 
entity performing transfer agent functions for a security is required 
to register with its appropriate regulatory agency (``ARA'') if the 
security is registered on a national securities exchange or if the 
issuer of the security has total assets exceeding $10 million and a 
class of equity security held of record by 2,000 persons or, for an 
issuer that is not a bank, BHC, or SLHC, by 500 persons who are not 
accredited investors.\2\ The Board's Regulation H (12 CFR 208.31(a)) 
and Regulation Y (12 CFR 225.4(d)), the OCC's 12 CFR 9.20, and the 
FDIC's 12 CFR part 341 implement these provisions of the Act.
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    \1\ 15 U.S.C. 78q-1.
    \2\ 15 U.S.C. 78l(g)(1).
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    To accomplish the registration of transfer agents, Form TA-1 was 
developed in 1975 as an interagency effort by the Securities and 
Exchange Commission (SEC) and the agencies. The agencies primarily use 
the data collected on Form TA-1 to determine whether an application for 
registration should be approved, denied, accelerated or postponed, and 
they use the data in connection with their supervisory 
responsibilities.

Request for Comment

    Comments are invited on: (a) Whether the collection of information 
is necessary for the proper performance of the FDIC's functions, 
including whether the information has practical utility; (b) the 
accuracy of the estimates of the burden of the 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; and (d) ways to minimize the burden of the information 
collection on respondents, including through the use of automated 
collection techniques or other forms of information technology. All 
comments will become a matter of public record.

    Dated at Washington, DC, this 29th day of August, 2016.

Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2016-21054 Filed 8-31-16; 8:45 am]
 BILLING CODE 6714-01-P