80098 Federal Register / Vol. 85, No. 239 / Friday, December 11, 2020 / Notices 

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 above. 

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, 

Without Revision, the Following 

Information Collection 

Report title: Reporting, 

Recordkeeping, and Disclosure 

Requirements Associated with 

Regulation BB. 

Agency form number: FR BB. 

OMB control number: 7100–0197. 

Frequency: Annually. 

Respondents: State Member Banks 

(SMBs), with the exception of special 

purpose banks that do not perform 

commercial or retail banking services by 

granting credit to the public in the 

ordinary course of business, other than 

as incident to their specialized 

operations. These banks include 

bankers’ banks and banks that engage 

only in one or more of the following 

activities: Providing cash management 

controlled disbursement services or 

serving as correspondent banks, trust 

companies, or clearing agents. 

Estimated number of respondents: 

Assessment area delineation, 117; Loan 

data: Small business and small farm, 

113; Loan data: Community 

development, 98; Loan data: Home 

Mortgage Disclosure Act (HMDA) out of 

Metropolitan Statistical Areas (MSA), 

117; Request for designation as a 

wholesale or a limited purpose bank, 1; 

Request for strategic plan approval, 2; 

Affiliate lending data, 5; Data on 

lending by a consortium or a third party, 

12; Small business and small farm loan 

register, 113; Consumer loan data, 28; 

Other loan data, 20; and Public file and 

public notice, 778. 

Estimated average hours per response: 

Assessment area delineation, 2; Loan 

data: Small business and small farm, 8; 

Loan data: Community development, 

13; Loan data: HMDA out of MSA, 253; 

Request for designation as a wholesale 

or a limited purpose bank, 4; Request for 

strategic plan approval, 275; Affiliate 

lending data, 38; Data on lending by a 

consortium or a third party, 17; Small 

business and small farm loan register, 

219; Consumer loan data, 326; Other 

loan data, 25; and Public file and public 

notice, 10. 

Estimated annual burden hours: 

Assessment area delineation, 234; Loan 

data: Small business and small farm, 

904; Loan data: Community 

development, 1,274; Loan data: HMDA 

out of MSA, 29,601; Request for 

designation as a wholesale or a limited 

purpose bank, 4; Request for strategic 

plan approval, 550; Affiliate lending 

data, 190; Data on lending by a 

consortium or a third party, 204; Small 

business and small farm loan register, 

24,747; Consumer loan data, 9,128; 

Other loan data, 500; and Public file and 

public notice, 7,780. 

General description of report: The 

Community Reinvestment Act (CRA) 

directs the Board, the Federal Deposit 

Insurance Corporation, and the Office of 

the Comptroller of the Currency 

(collectively, the agencies) to evaluate 

financial institutions’ (banks and 

savings associations) records of helping 

to meet the credit needs of their entire 

communities, including low- and 

moderate-income areas, consistent with 

the safe and sound operation of the 

institutions. The CRA is implemented 

through regulations issued by the 

agencies. The Board’s regulation applies 

to SMBs. 

Legal authorization and 

confidentiality: The FR BB is authorized 

by section 806 of the CRA, which 

permits the Board to issue ‘‘[r]egulations 

to carry out the purposes of [the CRA]’’; 

section 11 of the Federal Reserve Act, 

which permits the Board to ‘‘require 

such statements and reports as it deems 

necessary’’ of state member banks; and 

section 9 of the Federal Reserve Act, 

which permits the Board to examine 

state member banks. 

Most of the recordkeeping, reporting, 

and disclosure requirements of 

Regulation BB are mandatory. However, 

there are several limited parts of the 

collection that are required to obtain a 

benefit: Specifically, the request for 

designation as a wholesale or limited 

purpose bank, the strategic plan, and the 

recordkeeping and reporting 

requirements associated with data 

regarding consumer loans and lending 

performance, affiliate lending data, and 

data on lending by a consortium or a 

third party. 

Most of the information collected 

under Regulation BB is not considered 

confidential. However, if a respondent 

elects to submit a strategic plan 

pursuant to 12 CFR 228.27, the 

respondent may submit additional 

information to the Board relating to the 

strategic plan on a confidential basis, so 

long as the goals in the plan are 

sufficiently specific to enable the public 

and the Board to judge the merits of the 

plan. The Board will determine whether 

the additional information is entitled to 

confidential treatment on a case-by-case 

basis. 

To the extent a respondent submits 

information contained in or related to 

examination, operating, or condition 

reports prepared by, or on behalf of, or 

for the use of an agency responsible for 

the regulation or supervision of 

financial institutions, the respondent 

may request confidential treatment 

pursuant to exemption 8 of the Freedom 

of Information Act (FOIA). To the extent 

a respondent submits nonpublic 

commercial or financial information 

which is both customarily and actually 

treated as private by the respondent, the 

respondent may request confidential 

treatment pursuant to exemption 4 of 

the FOIA. 

Board of Governors of the Federal Reserve 

System, December 7, 2020. 

Michele Taylor Fennell, 

Deputy Associate Secretary of the Board. 

[FR Doc. 2020–27341 Filed 12–10–20; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL RESERVE SYSTEM 

Formations of, Acquisitions by, and 

Mergers of Savings and Loan Holding 

Companies 

The companies listed in this notice 

have applied to the Board for approval, 

pursuant to the Home Owners’ Loan Act 

(12 U.S.C. 1461 et seq.) (HOLA), 

Regulation LL (12 CFR part 238), and 

Regulation MM (12 CFR part 239), and 

all other applicable statutes and 


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Federal Register / Vol. 85, No. 239 / Friday, December 11, 2020 / Notices 80099 

1 12 U.S.C. 1852. 

regulations to become a savings and 

loan holding company and/or to acquire 

the assets or the ownership of, control 

of, or the power to vote shares of a 

savings association. 

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 

whether the proposed transaction 

complies with the standards 

enumerated in the HOLA (12 U.S.C. 

1467a(e)). 

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 11, 2021. 

A. Federal Reserve Bank of Kansas 

City (Dennis Denney, Assistant Vice 

President) 1 Memorial Drive, Kansas 

City, Missouri 64198–0001: 

1. The G. Jeffrey Records, Jr. 2020 

Family Trust, Oklahoma City, 

Oklahoma; to become a savings and 

loan holding company by acquiring 

voting shares of Midland Financial Co., 

and thereby indirectly acquire voting 

shares of MidFirst Bank, both of 

Oklahoma City, Oklahoma. 

Board of Governors of the Federal Reserve 

System, December 8, 2020. 

Michele Taylor Fennell, 

Deputy Associate Secretary of the Board. 

[FR Doc. 2020–27327 Filed 12–10–20; 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, 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 Reporting 

Requirements Associated with 

Regulation XX (FR XX; OMB No. 7100– 

0363) and the Financial Company (as 

defined) Report of Consolidated 

Liabilities (FR XX–1; OMB No. 7100– 

0363). The revisions are effective 

immediately. 

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, With Revision, of the Following 

Information Collection 

Report title: Reporting Requirements 

Associated with Regulation XX; 

Financial Company (as defined) Report 

of Consolidated Liabilities. 

Agency form number: FR XX; FR XX– 

1. 

OMB control number: 7100–0363. 

Frequency: Event-generated; annual. 

Respondents: Insured depository 

institutions, bank holding companies, 

savings and loan holding companies, 

any other companies that control 

insured depository institutions, 

nonbank financial companies 

designated by the Financial Stability 

Oversight Council (Council) for 

supervision by the Board, or foreign 

banks or companies that are treated as 

a bank holding company for purposes of 

the Bank Holding Company Act of 1956 

(BHC Act); Certain financial companies 

that do not otherwise report 

consolidated financial information to 

the Board or another Federal banking 

agency. 

Estimated number of respondents: FR 

XX (Section 251.3(e))–1; FR XX 

(Sections 251.4(b) and (c))–1; FR XX–1– 

37. 

Estimated average hours per response: 

FR XX (Section 251.3(e))–6; FR XX 

(Sections 251.4(b) and (c))–20; FR XX– 

1–2. 

Estimated annual burden hours: FR 

XX (Section 251.3(e))–6; FR XX 

(Sections 251.4(b) and (c))–20; FR XX– 

1–74. 

General description of report: The 

Board’s Regulation XX—Concentration 

Limit (12 CFR part 251) implements 

section 14 of the BHC Act,1 which 

establishes a financial sector 

concentration limit that generally 

prohibits a financial company from 

merging or consolidating with, or 

otherwise acquiring, another company if 

the resulting company’s liabilities upon 

consummation would exceed 10 percent 

of the aggregate liabilities of all financial 

companies (a covered acquisition). 

Under section 14 of the BHC Act and 

Regulation XX, a financial company 

means (1) an insured depository 

institution, (2) a bank holding company, 

(3) a savings and loan holding company, 

(4) any other company that controls an 

insured depository institution, (5) a 

nonbank financial company designated 

by the Council for supervision by the 

Board, or (6) a foreign bank or company 

that is treated as a bank holding 

company for purposes of the BHC Act. 

Regulation XX includes certain 

reporting requirements that apply to 

financial companies, and the FR XX–1 

collects information from certain 

financial companies that do not 

otherwise report consolidated financial 

information to the Board or another 

Federal banking agency. 

Legal authorization and 

confidentiality: The FR XX and the FR 

XX–1 are authorized by section 14 of the 

BHC Act, which, in relevant part, 

expressly authorizes the Board to issue 

‘‘regulations implementing this section’’ 

and ‘‘interpretations or guidance 

regarding the application of this section 

to an individual financial company or to 

financial companies in general’’ (12 

U.S.C. 1852(d)). The Board also has the 

authority to require reports from bank 

holding companies (12 U.S.C. 1844(c)), 

savings and loan holding companies (12 

U.S.C. 1467a(b) and (g)), state member 

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

state-licensed branches and agencies of 

foreign banks, other than insured 

branches (12 U.S.C. 3105(c)(2)). The 

obligation to respond is mandatory. 


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