[Federal Register Volume 87, Number 225 (Wednesday, November 23, 2022)]
[Notices]
[Pages 71639-71640]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-25493]


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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, with revision, the 
Transfer Agent Registration and Amendment Form and Transfer Agent 
Deregistration Form (Form TA-1 and Form TA-W); OMB No. 7100-0099).

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, [email protected], (202) 
452-3884.
    Office of Management and Budget (OMB) Desk Officer for the Federal 
Reserve Board, 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 collections of information conducted or 
sponsored by the Board. Board-approved collections of information are 
incorporated into the official OMB inventory of currently approved 
collections of information. The OMB inventory, as well as copies of the 
PRA Submission, supporting statements, and approved collection of 
information instrument(s) are available at https://www.reginfo.gov/public/do/PRAMain. These documents are also available on the Federal 
Reserve 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 above.

Final Approval Under OMB Delegated Authority of the Extension for Three 
Years, With Revision, of the Following Information Collection

    Collection title: Transfer Agent Registration and Amendment Form 
and Transfer Agent Deregistration Form.
    Collection identifier: Form TA-1 and Form TA-W.
    OMB control number: 7100-0099.
    Effective Date: December 23, 2022.
    Frequency: As needed.
    Respondents: The respondent panel for this collection of 
information consists of current and former transfer agents that are a 
state member bank (SMB) or a subsidiary thereof, a bank holding company 
(BHC), a savings and loan holding company (SLHC), or a subsidiary of a 
BHC that is a bank within the meaning of the Securities Exchange Act of 
1934 (Exchange Act) and that is not required to register with the 
Office of the Comptroller of the Currency (OCC) or the Federal Deposit 
Insurance Corporation (FDIC).
    Estimated number of respondents: Registrations, 1; Amendments, 1; 
Deregistrations, 1.
    Estimated average hours per response: Registrations, 1.25; 
Amendments, 0.16; Deregistrations, 0.5.
    Estimated annual burden hours: Registrations, 1; Amendments, 0.16; 
Deregistrations, 1.
    General description of collection: The Exchange Act requires any 
person acting as a transfer agent \1\ to register as such with the 
appropriate regulatory agency (ARA). The Board is the ARA for transfer 
agents listed in the respondents section above. Transfer agents for 
which the Board is the ARA must register with the Board using Form TA-
1. Additionally, registered transfer agents for which the Board is 
their ARA may deregister by submitting Form TA-W.
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    \1\ Transfer agents are persons that provide securities 
transfer, registration, monitoring, and other specified services on 
behalf of securities issuers. See 15 U.S.C. 78c(25) (defining 
``transfer agent'').
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    Legal authorization and confidentiality: This information 
collection is authorized under section 17A(c) of the Exchange Act.\2\ 
The collection is also authorized under sections 2, 17(a)(3), and 23(a) 
of the Exchange Act \3\ and under the Board's

[[Page 71640]]

general authority to require reports from SMBs,\4\ BHCs,\5\ and 
SLHCs.\6\ The collection is mandatory for transfer agents for which the 
Board is the ARA. Information collected on the forms is available to 
the public upon request and is not considered confidential.
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    \2\ 15 U.S.C. 78q-1(c) (requiring all transfer agents for 
securities registered under section 12 of the Exchange Act to 
register with the ARA by filing ``an application for registration in 
such form and containing such information'' as the ARA may 
prescribe).
    \3\ 12 U.S.C. 78b, 78q(a)(3) and 78w(a) (authorizing the Board 
to promulgate regulations and establish recordkeeping and reporting 
requirements with respect to Board-registered Transfer Agents).
    \4\ 12 U.S.C. 248(a) and 324.
    \5\ 12 U.S.C. 1844(c).
    \6\ 12 U.S.C. 1467a(b) and (g).
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    Current actions: On July 6, 2022, the Board published a notice in 
the Federal Register (87 FR 40236) requesting public comment for 60 
days on the extension, with revision, of the Form TA-1 and Form TA-W. 
The Board proposed to utilize its own Form TA-W for respondents to 
deregister rather than asking respondents to use an SEC form or submit 
a separate letter, as has been done in the past. This would allow the 
Board to have its OMB control number on the form and make any changes 
in the future if necessary. The draft Form TA-W asks the same type of 
information that is on the SEC deregistration form. The comment period 
for this notice expired on September 6, 2022. The Board did not receive 
any comments. The revisions will be implemented as proposed.

    Board of Governors of the Federal Reserve System, November 17, 
2022.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2022-25493 Filed 11-22-22; 8:45 am]
BILLING CODE 6210-01-P