Federal Register / Vol. 86, No. 21 / Wednesday, February 3, 2021 / Notices 8013 

1 12 U.S.C. 225a. 

2 12 U.S.C. 263. 

3 12 U.S.C. 248(a). 

4 12 U.S.C. 3105(c)(2). 

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

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: Senior Loan Officer 

Opinion Survey on Bank Lending 

Practices. 

Agency form number: FR 2018. 

OMB control number: 7100–0058. 

Frequency: Up to six times a year. 

Respondents: Domestically chartered 

large commercial banks and large U.S. 

branches and agencies of foreign banks. 

Estimated number of respondents: 

Main surveys, 104; Special surveys, 104. 

Estimated average hours per response: 

2. 

Estimated annual burden hours: Main 

surveys, 832; Special surveys, 416. 

General description of report: The FR 

2018 is conducted with a senior loan 

officer at each respondent bank, 

generally through electronic 

submission, up to six times a year. The 

purpose of the survey is to provide 

qualitative and limited quantitative 

information on credit availability and 

demand, as well as evolving 

developments and lending practices in 

the U.S. loan markets. A portion of each 

survey typically covers special topics of 

timely interest. There is the option to 

survey other types of respondents (such 

as other depository institutions, bank 

holding companies, or other financial 

entities) should the need arise. The FR 

2018 survey provides crucial 

information for monitoring and 

understanding the evolution of lending 

practices at banks and developments in 

credit markets. 

Legal authorization and 

confidentiality: Section 2A of the 

Federal Reserve Act (FRA) requires the 

Federal Reserve Board and the Federal 

Open Market Committee (FOMC) to 

maintain long run growth of the 

monetary and credit aggregates 

commensurate with the economy’s long 

run potential to increase production, so 

as to promote effectively the goals of 

maximum employment, stable prices, 

and moderate long-term interest rates 1

and section 12A of the FRA requires the 

FOMC to implement regulations relating 

to the open market operations 

conducted by Federal Reserve Banks 

‘‘with a view to accommodating 

commerce and business and with regard 

to their bearing upon the general credit 

situation of the country.’’ 2 Because the 

Board and the FOMC use the 

information obtained from the FR 2018 

to fulfill these obligations, these 

statutory provisions provide the legal 

authorization for the collection of 

information on the FR 2018. In addition, 

section 11 of the FRA, which permits 

the Board to examine at its discretion 

the accounts, books, and affairs of each 

Federal Reserve Bank and each member 

bank and to require such statements and 

reports as it may deem necessary, 

authorizes the collection of information 

from depository institutions 3 and 

section 7 of the International Banking 

Act authorizes the collection of 

information from branches and agencies 

of foreign banks.4 Survey submissions 

under the FR 2018 are voluntary. 

Although the specific questions to be 

asked on each survey have not yet been 

formulated, the questions are designed 

to obtain information that is customarily 

and actually treated as private by the 

institution. Thus, the individual survey 

responses from each respondent may be 

held confidential under exemption (4) 

of the Freedom of Information Act.5

However, certain data from the survey is 

publically reported in aggregate form, 

and the information in aggregate form is 

made publicly available and not 

considered confidential. 

Current actions: On October 14, 2020, 

the Board published a notice in the 

Federal Register (85 FR 65045) 

requesting public comment for 60 days 

on the extension, without revision, of 

the FR 2018. The comment period for 

this notice expired on December 14, 

2020. The Board did not receive any 

comments. 

Board of Governors of the Federal Reserve 

System, January 28, 2021. 

Michele Taylor Fennell, 

Deputy Associate Secretary of the Board. 

[FR Doc. 2021–02203 Filed 2–2–21; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL RESERVE SYSTEM 

Notice of Proposals To Engage in or 

To Acquire Companies Engaged in 

Permissible Nonbanking Activities 

The companies listed in this notice 

have given notice under section 4 of the 

Bank Holding Company Act (12 U.S.C. 

1843) (BHC Act) and Regulation Y, (12 

CFR part 225) to engage de novo, or to 

acquire or control voting securities or 

assets of a company, including the 

companies listed below, that engages 

either directly or through a subsidiary or 

other company, in a nonbanking activity 

that is listed in § 225.28 of Regulation Y 

(12 CFR 225.28) or that the Board has 

determined by Order to be closely 

related to banking and permissible for 

bank holding companies. Unless 

otherwise noted, these activities will be 

conducted throughout the United States. 

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 

question whether the proposal complies 

with the standards of section 4 of the 

BHC Act. 

Unless otherwise noted, comments 

regarding the 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 February 18, 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. New Republic Partners, Inc., 

Charlotte, North Carolina; through a 

newly-formed wholly-owned 

subsidiary, New Republic Securities, 

LLC, Charlotte, North Carolina, to 

engage de novo in financial and 

investment advisory activities and 

agency transactional services for 

customer investments pursuant to 

sections 225.28(b)(6) and (7) of the 

Board’s Regulation Y. 

Board of Governors of the Federal Reserve 

System, January 29, 2021. 

Michele Taylor Fennell, 

Deputy Associate Secretary of the Board. 

[FR Doc. 2021–02230 Filed 2–2–21; 8:45 am] 

BILLING CODE 6210–01–P 


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