Federal Register / Vol. 85, No. 247 / Wednesday, December 23, 2020 / Notices 83955 

1 12 U.S.C. 338a. The Board also has the authority 

to require reports from state member banks (12 

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

2 5 U.S.C. 552(b)(4). 

3 5 U.S.C. 552(b)(8). 

7100–0278). 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: Notifications Related to 

Community Development and Public 

Welfare Investments of State Member 

Banks. 

Agency form number: FR H–6. 

OMB control number: 7100–0278. 

Effective date: The revisions are 

effective immediately. 

Frequency: Event-generated. 

Respondents: State member banks. 

Estimated number of respondents: 

Post Notification, 132; and Application 

(Prior Approval), 74. 

Estimated average hours per response: 

Post Notification, 2; and Application 

(Prior Approval), 5. 

Estimated annual burden hours: Post 

Notification, 264; and Application (Prior 

Approval), 370. 

General description of report: 

Regulation H requires state member 

banks planning to make community 

development or public welfare 

investments to comply with the 

Regulation H notification requirements: 

(1) For investments that do not require 

prior Board approval, a written notice 

must be sent to the appropriate Federal 

Reserve Bank; and (2) for investments 

that do require prior Board approval, a 

request for approval must be sent to the 

appropriate Federal Reserve Bank. 

Legal authorization and 

confidentiality: Section 9(23) of the 

Federal Reserve Act authorizes the 

Board to prescribe regulations with 

regard to state member banks making 

investments primarily devoted to public 

welfare endeavors.1 The obligation to 

respond is mandatory. 

Individual respondents may request 

that information submitted to the Board 

through the FR H–6 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. To the extent a 

respondent submits nonpublic 

commercial or financial information, 

which is both customarily and actually 

treated as private by the respondent, the 

information may be kept confidential 

under exemption 4 of the Freedom of 

Information Act (FOIA).2 Additionally, 

to the extent the respondent submits 

information related to examination, 

operating, or condition reports prepared 

by, on behalf of, or for the use of a 

financial supervisory agency, the 

information may be withheld from 

disclosure under FOIA exemption 8.3

Current actions: On September 17, 

2020, the Board published a notice in 

the Federal Register (85 FR 58052) 

requesting public comment for 60 days 

on the extension, with revision, of the 

FR H–6. The Board revised the FR H– 

6 by removing the notification 

requirement to submit the request for 

extension of the divestiture period when 

the bank cannot divest within the 

established time limit. This requirement 

has been listed on the form and in the 

supporting statement for a number of 

years, but is not contained in the 

regulations. The comment period for 

this notice expired on November 16, 

2020. The Board did not receive any 

comments. The revisions will be 

implemented as proposed. 

Board of Governors of the Federal Reserve 

System, December 17, 2020. 

Michele Taylor Fennell, 

Deputy Associate Secretary of the Board. 

[FR Doc. 2020–28326 Filed 12–22–20; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL RESERVE SYSTEM 

Proposed Agency Information 

Collection Activities; Comment 

Request 

AGENCY: Board of Governors of the 

Federal Reserve System. 

ACTION: Notice, request for comment. 

SUMMARY: The Board of Governors of the 

Federal Reserve System (Board) invites 

comment on a proposal to extend for 

three years, without revision, the 

Interagency Bank Merger Act 

Application (FR 2070; OMB No. 7100– 

0171). 

DATES: Comments must be submitted on 

or before February 22, 2021. 

ADDRESSES: You may submit comments, 

identified by FR 2070, 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: regs.comments@

federalreserve.gov. 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 

from 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 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, 


jbell on DSKJLSW7X2PROD with NOTICES
83956 Federal Register / Vol. 85, No. 247 / Wednesday, December 23, 2020 / Notices 

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

authority to require reports from state member 

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

2 5 U.S.C. 552(b)(4). 

3 5 U.S.C. 552(b)(6). 

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

725 17th Street NW, Washington, DC 

20503, or by fax to (202) 395–6974. 

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. 

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. 

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 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: Interagency Bank Merger 

Act Application. 

Agency form number: FR 2070. 

OMB control number: 7100–0171. 

Frequency: Event generated. 

Respondents: All state member banks 

regulated by the Federal Reserve. 

Estimated number of respondents: 

Nonaffiliate transactions, 54; Affiliate 

transactions, 10. 

Estimated average hours per response: 

Nonaffiliate transactions, 31; Affiliate 

transactions, 19. 

Estimated annual burden hours: 

Nonaffiliate transactions, 1,674; Affiliate 

transactions, 190. 

General description of report: The FR 

2070 is an event-generated application 

and is completed by a state member 

bank (SMB) each time the bank requests 

approval to effect a merger, 

consolidation, assumption of deposit 

liabilities, other combining transaction 

with a nonaffiliated party, or a corporate 

reorganization with an affiliated party. 

The reporting form collects information 

on the basic legal and structural aspects 

of these transactions. 

The applicant is required to publish a 

notice in a newspaper of general 

circulation in the community(ies) in 

which the head office of each of the 

banks to be a party to the merger, 

consolidation, or acquisition of assets or 

assumption of liabilities is located. The 

notice must be published on at least 

three occasions at appropriate intervals. 

The last publication of the notice shall 

appear at least 30 days after the first 

publication. The notice must state the 

name and address of each party to the 

proposal, and it must invite the public 

to submit written comments to the 

appropriate Federal Reserve Bank. 

Within seven days of publication of 

notice for the first time, the applicant 

shall submit its application to the 

appropriate Federal Reserve Bank for 

acceptance, along with a copy of the 

notice. 

Legal authorization and 

confidentiality: The FR 2070 is 

authorized by section 18(c) of the 

Federal Deposit Insurance Act, which 

requires, in relevant part, that a SMB, 

when it is the acquiring, assuming, or 

resulting bank, obtain prior approval 

from the Board before merging or 

consolidating with another insured 

depository institution, or assuming 

liability to pay any deposits made in 

any other depository institution.1

The obligation to respond is required 

to obtain a benefit. Individual 

respondents may request that 

information submitted to the Board 

through the FR 2070 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. 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 Freedom of Information Act 

(FOIA).2 To the extent a respondent 

submits personnel, medical, or similar 

files, the disclosure of which would 

constitute an unwarranted invasion of 

privacy, the respondent may request 

confidential treatment pursuant to 

exemption 6 of the FOIA.3 To the extent 

a respondent submits information 

related to examination, operating, or 

condition reports prepared by, on behalf 

of, or for the use of a financial 

supervisory agency, the respondent may 

request confidential treatment pursuant 

to exemption 8 of the FOIA.4 The entity 

should separately designate any such 

information as ‘‘confidential 

commercial information’’ or 

‘‘confidential financial information’’ as 

appropriate, and the Board will treat 

such designated information as 

confidential to the extent permitted by 

law, including the FOIA. Consultation 

outside the agency: An interagency 

working group responsible for reviewing 

this collection, comprised of 

representatives from the Board, OCC, 

and FDIC, collaborated on confirming 

that there were no substantive changes 

needed to this form for this clearance 

cycle. 

Board of Governors of the Federal Reserve 

System, December 17, 2020. 

Michele Taylor Fennell, 

Deputy Associate Secretary of the Board. 

[FR Doc. 2020–28328 Filed 12–22–20; 8:45 am] 

BILLING CODE 6210–01–P 


jbell on DSKJLSW7X2PROD with NOTICES