[Federal Register Volume 84, Number 76 (Friday, April 19, 2019)]
[Notices]
[Pages 16489-16490]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-07876]
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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
Registration of a Securities Holding Company (FR 2082; OMB No. 7100-
0347).
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, 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.
Office of Management and Budget (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.
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 collection of information requests and
requirements conducted or sponsored by the Board. Board-approved
collections of information are incorporated into the official OMB
[[Page 16490]]
inventory of currently approved collections of information. Copies of
the PRA Submission, supporting statements and approved collection of
information instrument(s) are placed into OMB's public docket files.
The Board 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.
Final Approval Under OMB Delegated Authority of the Extension for Three
Years, Without Revision, of the Following Information Collection
Report title: Registration of a Securities Holding Company.
Agency form number: FR 2082.
OMB control number: 7100-0347.
Frequency: On occasion.
Respondents: Securities holding companies (SHCs).
Estimated number of respondents: 1.
Estimated average hours per response: 8.
Estimated annual burden hours: 8.
General description of report: Section 241.3(a)(1) of the Board's
Regulation OO requires SHCs that elect to register to become supervised
SHCs to file the appropriate registration form with the responsible
Federal Reserve Bank. The registration form, FR 2082, requests from the
registering SHC an organization chart (including all subsidiaries),
shareholder reports and financial statements, information regarding the
SHC's shareholders, senior officers and directors, information
regarding the methods used by the SHC to monitor and control its
operations, and information regarding the SHC's foreign bank
subsidiaries and the bank regulatory system in which these foreign bank
subsidiaries operate. The information collected by the FR 2082
registration form is used by the Federal Reserve System to determine
whether the registrant meets the requirements to become a supervised
SHC and to complete the registration. This information is not available
from another source.
Legal authorization and confidentiality: The FR 2082 registration
form implemented by section 241.3(a) of Regulation OO (12 CFR 241.3(a))
is authorized by section 618(b)(2)(A) of the Dodd-Frank Wall Street
Reform and Consumer Protection Act (12 U.S.C. 1850a(b)(2)(A)). Section
618(b)(2)(A) requires covered companies that elect to be supervised by
the Board ``to register by filing with the Board of Governors such
information and documents as the [Board], by regulation, may prescribe
as necessary.'' The obligation to submit the FR 2082 registration form
is required for covered companies that elect to register to become
supervised SHCs on a one-time basis.
The information provided on the FR 2082 registration form and in
connection with the SHC's registration is considered public. However,
certain personal and biographical information on individuals, which is
required to be submitted as part of the registration, may be treated as
confidential under exemption 6 of the Freedom of Information Act
(FOIA), which protects from disclosure information that ``would
constitute a clearly unwarranted invasion of personal privacy'' (5
U.S.C. 552(b)(6)). In addition, certain information submitted in
connection with the SHC's registration may be exempt from disclosure
under exemption 4 of the FOIA, which protects confidential commercial
or financial information that is reasonably likely to result in
substantial competitive harm if disclosed (5 U.S.C. 552(b)(4)). If an
SHC seeks confidential treatment of any information submitted as part
of its registration under exemption 4 of the FOIA, the SHC must submit
such a request in accordance with section 261.15 of the Board's Rules
Regarding Availability of Information (12 CFR 261.15). In addition,
information for which confidential treatment is sought under exemption
4 or 6 of the FOIA, must be labelled as confidential, accompanied by a
request for confidential treatment submitted in writing concurrently
with the filing of the registration (or related submissions), and the
confidential treatment request must provide a detailed justification as
to why confidential treatment is warranted for each portion of the
registration (or submission) for which confidentiality is requested.
Current actions: On January 31, 2019, the Board published a notice
in the Federal Register (84 FR 716) requesting public comment for 60
days on the extension, without revision, of the Registration of a
Securities Holding Company. The comment period for this notice expired
on April 1, 2019. The Board did not receive any comments.
Board of Governors of the Federal Reserve System, April 16,
2019.
Yao-Chin Chao,
Assistant Secretary of the Board.
[FR Doc. 2019-07876 Filed 4-18-19; 8:45 am]
BILLING CODE 6210-01-P