80788 Federal Register / Vol. 85, No. 240 / Monday, December 14, 2020 / Notices 

1See 12 CFR part 208, Appendix C. 

2 12 U.S.C. 1828(o). 

3 12 U.S.C. 1828(o)(1). The Board also has the 

authority to require reports from state member 

banks (12 U.S.C. 248(a) and 324). 

FEDERAL RESERVE SYSTEM 

Formations of, Acquisitions by, and 

Mergers of Bank Holding Companies 

The companies listed in this notice 

have applied to the Board for approval, 

pursuant to the Bank Holding Company 

Act of 1956 (12 U.S.C. 1841 et seq.) 

(BHC Act), Regulation Y (12 CFR part 

225), and all other applicable statutes 

and regulations to become a bank 

holding company and/or to acquire the 

assets or the ownership of, control of, or 

the power to vote shares of a bank or 

bank holding company and all of the 

banks and nonbanking companies 

owned by the bank holding company, 

including the companies listed below. 

The public portions of the 

applications listed below, as well as 

other related filings required by the 

Board, if any, are available for 

immediate inspection at the Federal 

Reserve Bank(s) indicated below and at 

the offices of the Board of Governors. 

This information may also be obtained 

on an expedited basis, upon request, by 

contacting the appropriate Federal 

Reserve Bank and from the Board’s 

Freedom of Information Office at 

https://www.federalreserve.gov/foia/ 

request.htm. Interested persons may 

express their views in writing on the 

standards enumerated in the BHC Act 

(12 U.S.C. 1842(c)). 

Comments regarding each of these 

applications must be received at the 

Reserve Bank indicated or the offices of 

the Board of Governors, Ann E. 

Misback, Secretary of the Board, 20th 

Street and Constitution Avenue NW, 

Washington DC 20551–0001, not later 

than January 13, 2021. 

A. Federal Reserve Bank of Richmond 

(Adam M. Drimer, Assistant Vice 

President) 701 East Byrd Street, 

Richmond, Virginia 23219. Comments 

can also be sent electronically to or 

Comments.applications@rich.frb.org: 

1. First Citizens BancShares, Inc., 

Raleigh, North Carolina; to acquire CIT 

Group, Inc., New York, New York, and 

thereby indirectly acquire CIT Bank, 

National Association, Pasadena, 

California. 

B. Federal Reserve Bank of Kansas 

City (Dennis Denney, Assistant Vice 

President) 1 Memorial Drive, Kansas 

City, Missouri 64198–0001: 

1. The First National Bancshares, Inc. 

Profit Sharing and ESOP Trust, 

Goodland, Kansas; to retain additional 

voting shares of First National 

Bancshares, Inc., and thereby indirectly 

retain additional voting shares of FNB 

Bank, both of Goodland, Kansas. 

Board of Governors of the Federal Reserve 

System, December 9, 2020. 

Michele Taylor Fennell, 

Deputy Associate Secretary of the Board. 

[FR Doc. 2020–27457 Filed 12–11–20; 8:45 am] 

BILLING CODE P 

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 without revision, 

the Recordkeeping Requirements 

Associated with the Real Estate Lending 

Standards Regulation for State Member 

Banks (FR H–5; OMB No. 7100–0261). 

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. 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 PRA to approve and 

assign OMB control numbers to 

collections of information conducted or 

sponsored by the Board. Boardapproved 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, Without Revision, of the 

Following Information Collection 

Report title: Recordkeeping 

Requirements Associated with the Real 

Estate Lending Standards Regulation for 

State Member Banks. 

Agency form number: FR H–5. 

OMB control number: 7100–0261. 

Frequency: Policy statement, 

annually; policy statement (de novo), 

annually; recordkeeping for loans with 

loan-to-value (LTV’s) that exceed 

supervisory limits and maintaining a 

system of review, quarterly. 

Respondents: State member banks. 

Estimated number of respondents: 

754. 

Estimated average hours per response: 

Policy statement, 5; policy statement (de 

novo), 20; recordkeeping for loans with 

LTV’s that exceed supervisory limits 

and maintaining a system of review, 5. 

Estimated annual burden hours: 

Policy statement, 3,770; policy 

statement (de novo), 20; recordkeeping 

for loans with LTV’s that exceed 

supervisory limits and maintaining a 

system of review, 15,080. 

General description of report: 

Pursuant to the Board’s Regulation H, 

state member banks (SMBs) must adopt 

and maintain a written real estate 

lending policy. Additionally, this 

information collection includes certain 

voluntary recordkeeping provisions in 

the Interagency Guidelines for Real 

Estate Lending Policies (Guidelines).1

Legal authorization and 

confidentiality: The FR H–5 is 

authorized by section 304 of the Federal 

Deposit Insurance Corporation 

Improvement Act of 1991 (FDICIA),2

which provides that ‘‘each appropriate 

Federal banking agency shall adopt 

uniform regulations prescribing 

standards for extensions of credit that 

are—(A) secured by liens on interests in 

real estate; or (B) made for the purpose 

of financing the construction of a 

building or other improvements to real 

estate.’’ 3 The recordkeeping 

requirement contained in the Board’s 

Regulation H is mandatory. The 

recordkeeping provisions in the 

Guidelines are voluntary, as the 

Guidelines are nonbinding guidance. 

Because these records would be 

maintained at each banking 

organization, the Freedom of 

Information Act (‘‘FOIA’’) would only 

be implicated if the Board obtained such 

records as part of the examination or 

supervision of a banking organization. 

In the event the records are obtained by 

the Board as part of an examination or 

supervision of a financial institution, 

this information may be considered 

confidential pursuant to exemption 8 of 

the FOIA, which protects information 


jbell on DSKJLSW7X2PROD with NOTICES
Federal Register / Vol. 85, No. 240 / Monday, December 14, 2020 / Notices 80789 

4 5 U.S.C. 552(b)(8). 

5 5 U.S.C. 552(b)(4). 

contained in ‘‘examination, operating, 

or condition reports’’ obtained in the 

bank supervisory process.4 In addition, 

the information may also be kept 

confidential under exemption 4 of the 

FOIA, which protects ‘‘commercial or 

financial information obtained from a 

person [that is] privileged or 

confidential.’’ 5

Current actions: On August 21, 2020, 

the Board published an initial notice in 

the Federal Register (85 FR 51716) 

requesting public comment for 60 days 

on the extension, without revision, of 

the FR H–5. The comment period for 

this notice expired October 20, 

2020.The Board did not receive any 

comments. 

Board of Governors of the Federal Reserve 

System, December 8, 2020. 

Michele Taylor Fennell, 

Deputy Associate Secretary of the Board. 

[FR Doc. 2020–27372 Filed 12–11–20; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL RETIREMENT THRIFT 

INVESTMENT BOARD 

Notice of Board Meeting 

DATES: December 21, 2020 at 10:00 a.m. 

ADDRESSES: Telephonic. Dial-in (listen 

only) information: Number: 1–877–446– 

3914, Code: 2205917. 

FOR FURTHER INFORMATION CONTACT: 

Kimberly Weaver, Director, Office of 

External Affairs, (202) 942–1640. 

SUPPLEMENTARY INFORMATION: 

Board Meeting Agenda 

Open Session 

1. Approval of the November 16, 2020 

Board Meeting Minutes 

2. Monthly Reports 

(a) Participant Activity Reports 

(b) Investment Performance 

(c) Legislative Report 

3. Quarterly Reports 

(d) Vendor Risk Management Update 

Closed Session 

4. Information covered under 5 U.S.C. 

552b(c)(4). 

Informational Session 

5. Ethics and Fiduciary Training 

Authority: 5 U.S.C. 552b(e)(1). 

Dated: December 9, 2020. 

Dharmesh Vashee, 

Acting General Counsel, Federal Retirement 

Thrift Investment Board. 

[FR Doc. 2020–27401 Filed 12–11–20; 8:45 am] 

BILLING CODE 6760–01–P 

GENERAL SERVICES 

ADMINISTRATION 

[OMB Control No. 3090–0292; Docket No. 

2020–0001; Sequence No. 2] 

Submission for OMB Review; FFATA 

Subaward and Executive 

Compensation Reporting 

Requirements 

AGENCY: Office of the Integrated Award 

Environment, General Services 

Administration (GSA). 

ACTION: Notice of request for comments 

regarding an extension to an existing 

OMB information collection. 

SUMMARY: Under the provisions of the 

Paperwork Reduction Act of 1995, the 

Regulatory Secretariat Division will be 

submitting to the Office of Management 

and Budget (OMB) a request to review 

and approve a renewal of the currently 

approved information collection 

requirement regarding FFATA 

Subaward and Executive Compensation 

Reporting Requirements. 

DATES: Submit comments on or before 

January 13, 2021. 

ADDRESSES: Written comments and 

recommendations for this information 

collection should be sent within 30 days 

of publication of this notice to 

www.reginfo.gov/public/do/PRAMain. 

Find this particular information 

collection by selecting ‘‘Currently under 

Review—Open for Public Comments’’ or 

by using the search function. 

FOR FURTHER INFORMATION CONTACT: 

Nancy Goode, Director, Office of 

Stakeholder Engagement, Office of the 

Integrated Award Environment, GSA, at 

telephone number 703–605–2175; or via 

email at nancy.goode@gsa.gov. 

SUPPLEMENTARY INFORMATION: 

A. Purpose 

The Federal Funding Accountability 

and Transparency Act (Pub. L. 109–282, 

as amended by section 6202(a) of Pub. 

L. 110–252), known as FFATA or the 

Transparency Act requires information 

disclosure of entities receiving Federal 

financial assistance through Federal 

awards such as Federal contracts, subcontracts, grants and sub-grants, FFATA 

2(a),(2),(i),(ii). Beginning October 1, 

2010, the currently approved Paperwork 

Reduction Act submission directed 

compliance with the Transparency Act 

to report prime and first-tier sub-award 

data. Specifically, Federal agencies and 

prime awardees of grants were to ensure 

disclosure of executive compensation of 

both prime and subawardees and subaward data pursuant to the 

Transparency Act. This information 

collection requires reporting of only the 

information enumerated under the 

Transparency Act. 

B. Annual Reporting Burden 

Sub-award Responses: 107,614. 

Hours Per Response: 1. 

Total Burden Hours: 107,614. 

Executive Compensation Responses: 

41,298. 

Hours Per Response: 1. 

Total Burden Hours: 41,298. 

Total Annual Burden Hours: 148,912. 

C. Public Comments 

A 60-day notice published in the 

Federal Register at 85 FR 52351 on 

August 25, 2020. Two comments were 

received. However, they did not change 

the estimate of the burden. 

Comment 1: Why is this collection of 

information necessary and what is the 

utility? Here are recommendations for 

improvement. 

Response: This Information Collection 

is specific to the revisions of Title 2 of 

the Code of Federal Regulations (2 CFR) 

published in 85 FR 49506 on August 13, 

2020 affecting Federal grants and 

agreements guidance. The information 

is required by the Federal Funding 

Accountability and Transparency Act 

(FFATA) of 2006 (Pub. L.109—282), as 

amended by the Digital Accountability 

and Transparency Act (DATA) of 2014 

(Pub. L. 113—101). The intent of which 

is to make information on Federal 

expenditures more easily accessible and 

transparent for the public. Exceptions 

for specific entities and the timing 

requirement for the reporting cycle for 

reporting subaward and executive 

compensation information are provided 

in 2 CFR part 170, which aligns with the 

exceptions provided in the statute. 

Also, non-Federal entities seeking 

Federal financial assistance, unless 

otherwise exempt, are required to attain 

a unique entity identifier—currently the 

DUNS—in accordance with 2 CFR part 

25. 

Comment 2: Coronavirus warning. 

Response: Not relevant to this 

information collection. 

Obtaining Copies of Proposals: 

Requesters may obtain a copy of the 

information collection documents from 

the General Services Administration, 

Regulatory Secretariat Division (MVCB), 

1800 F Street NW, Washington, DC 

20405, telephone 202–501–4755. Please 

cite OMB Control No. 3090–0292, 

FFATA Subaward and Executive 

Compensation Reporting Requirements, 

in all correspondence. 

Beth Anne Killoran, 

Chief Information Officer, General Services 

Administration. 

[FR Doc. 2020–27428 Filed 12–11–20; 8:45 am] 

BILLING CODE 6820–WY–P 


jbell on DSKJLSW7X2PROD with NOTICES