[Federal Register Volume 84, Number 153 (Thursday, August 8, 2019)]
[Notices]
[Pages 38964-38965]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-17007]
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FEDERAL RESERVE SYSTEM
Proposed Agency Information Collection Activities; Comment
Request
AGENCY: Board of Governors of the Federal Reserve System.
ACTION: Notice, request for comment.
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SUMMARY: The Board of Governors of the Federal Reserve System (Board)
invites comment on a proposal to extend for three years, with revision,
the Savings and Loan Holding Company Registration Statement (FR LL-
10(b); OMB No. 7100-0337).
DATES: Comments must be submitted on or before October 7, 2019.
ADDRESSES: You may submit comments, identified by FR LL-10(b), by any
of the following methods:
Agency website: https://www.federalreserve.gov. Follow the
instructions for submitting comments at https://www.federalreserve.gov/apps/foia/proposedregs.aspx.
Email: [email protected]. Include the OMB
number in the subject line of the message.
Fax: (202) 452-3819 or (202) 452-3102.
Mail: Ann E. Misback, Secretary, Board of Governors of the
Federal Reserve System, 20th Street and Constitution Avenue NW,
Washington, DC 20551.
All public comments are available on the Board's website at https://www.federalreserve.gov/apps/foia/proposedregs.aspx as submitted,
unless modified for technical reasons or to remove personally
identifiable information at the commenter's request. Accordingly,
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 146, 1709 New York Avenue NW, Washington, DC 20006,
between 9:00 a.m. and 5:00 p.m. on weekdays. For security reasons, the
Board requires that visitors make an appointment to inspect comments.
You may do so by calling (202) 452-3684. Upon arrival, visitors will be
required to present valid government-issued photo identification and to
submit to security screening in order to inspect and photocopy
comments.
Additionally, commenters may send a copy of their comments to the
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.
FOR FURTHER INFORMATION CONTACT: A copy of the Paperwork Reduction Act
(PRA) OMB submission, including the reporting form and instructions,
supporting statement, and other documentation will be placed into OMB's
public docket files, if approved. These documents will also be made
available on the Board's public website at https://www.federalreserve.gov/apps/reportforms/review.aspx or may be requested
from the agency clearance officer, whose name appears below. 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.
SUPPLEMENTARY INFORMATION: On June 15, 1984, OMB delegated to the Board
authority under the PRA to approve and assign OMB control numbers to
collections of information conducted or sponsored by the Board. In
exercising this delegated authority, the Board is directed to take
every reasonable step to solicit comment. In determining whether to
approve a collection of information, the Board will consider all
comments received from the public and other agencies.
Request for Comment on Information Collection Proposal
The Board invites public comment on the following information
collection, which is being reviewed under authority delegated by the
OMB under the PRA. Comments are invited on the following:
a. Whether the proposed collection of information is necessary for
the proper performance of the Board's functions, including whether the
information has practical utility;
b. The accuracy of the Board'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 startup costs and costs of operation,
maintenance, and purchase of services to provide information.
At the end of the comment period, the comments and recommendations
received will be analyzed to determine the extent to which the Board
should modify the proposal.
Proposal Under OMB Delegated Authority To Extend for Three Years, With
Revision, the Following Information Collection
Report title: Savings and Loan Holding Company Registration
Statement.
Agency form number: FR LL-10(b).
OMB control number: 7100-0337.
Frequency: As needed.
Respondents: Savings and loan holding companies (SLHCs).
Estimated number of respondents: 8.
Estimated average hours per response: Reporting: 8; recordkeeping:
0.25.
Estimated annual burden hours: Reporting: 64; recordkeeping: 2.
General description of report: The FR LL-10(b) requests information
from registering SLHCs on the financial condition, ownership,
operations, management, and intercompany relationships of the SLHC and
its subsidiaries. Additionally, respondents must include information
concerning the transaction that resulted in the respondent becoming an
SLHC, a description of the SLHC's business, and a description of any
changes related to the financial condition, ownership, operations,
intercompany relationships, and management of the SLHC and its
subsidiaries since the registrant's application to become an SLHC was
approved. The principal executive or principal financial officer of the
registering SLHC must certify that the information contained in the
submission has been carefully reviewed and is true, correct, and
complete.
Proposed revisions: The Board proposes several revisions to make
the
[[Page 38965]]
FR LL-10(b) consistent with the format of other Board forms and to
reflect the Board's regulations. Specifically, the Board is proposing
the following revisions:
(1) Adding several items requesting information regarding any
subsidiaries of the SLHC. This information will assist the Federal
Reserve System in its supervision of the consolidated SLHC structure;
(2) Adding an item requesting the mailing address of the SLHC, if
different from its physical address. This item will help Federal
Reserve System staff contact the filer.
(3) Adding an item for the printed name of the officer who signed
the FR LL-10(b). This item will help Federal Reserve System staff
identify the individual that certified the accuracy of the filing;
(4) Adding an item requesting the date of signature of the FR LL-
10(b). This item will inform the Federal Reserve System of the date as
of which the signatory certified the accuracy of information included
in the filing.
In addition, the Board proposes to revise the FR LL-10(b) to
account for a requirement in the FR LL-10(b) instructions that
respondents retain a signed copy of the form and data submitted. The FR
LL-10(b) does not currently account for this recordkeeping requirement.
Legal authorization and confidentiality: The FR LL-10(b) is
authorized by Section 10(b)(1) of the Home Owners' Loan Act (HOLA),
which requires each SLHC to register with the Federal Reserve within 90
days of becoming an SLHC on forms prescribed by the Board that contain
such information as the Board may deem necessary or appropriate. The
obligation to respond is mandatory.
Individual respondents may request that information submitted to
the Board through the FR LL-10(b) be kept confidential. If a respondent
requests confidential treatment, the Board will determine whether the
information is entitled to confidential treatment on a case-by-case
basis. Information collected through the FR LL-10(b) may be kept
confidential under exemption 4 for the Freedom of Information Act,
which protects privileged or confidential commercial or financial
information, or under FOIA exemption 6, which covers personal
information, the disclosure of which would constitute an unwarranted
invasion of privacy.
Board of Governors of the Federal Reserve System, August 5,
2019.
Ann Misback,
Secretary of the Board.
[FR Doc. 2019-17007 Filed 8-7-19; 8:45 am]
BILLING CODE 6210-01-P