Federal Register / Vol. 83, No. 140 / Friday, July 20, 2018 / Notices 34579 

1Bank Holding Company Application and 

Notification Forms (FR Y–3, FR Y–3N, and FR Y– 

4; OMB No. 7100–0121), the International 

Applications and Prior Notifications Under Subpart 

B of Regulation K (FR K–2; OMB No. 7100–0284), 

and the Application for a Foreign Organization to 

Acquire a U.S. Bank or Bank Holding Company (FR 

Y–3F; OMB No. 7100–0119). 

collections of information. Copies of the 

Paperwork Reduction Act Submission, 

supporting statements and approved 

collection of information instrument(s) 

are placed into OMB’s public docket 

files. The Board may not conduct or 

sponsor, and the respondent is not 

required to respond to, an information 

collection that has been extended, 

revised, or implemented on or after 

October 1, 1995, unless it displays a 

currently valid OMB control number. 

Final Approval Under OMB Delegated 

Authority of the Extension for Three 

Years, With Revision, of the Following 

Report 

Report title: International 

Applications and Prior Notifications 

under Subparts A and C of Regulation 

K. 

Agency form number: FR K–1. 

OMB control number: 7100–0107. 

Frequency: On occasion. 

Respondents: Member banks, Edge 

and agreement corporations, bank 

holding companies (BHCs), and foreign 

organizations. 

Estimated number of respondents: 

Attachments A and B, 5; Attachments C 

through G, 15; Attachments H and I, 12; 

Attachment J, 2; Attachment K, 1. 

Estimated average hours per response: 

Attachments A and B, 11.5 hours; 

Attachments C through G, 10 hours; 

Attachments H and I, 15.5 hours; 

Attachment J, 10 hours; Attachment K, 

20 hours. 

Estimated annual burden hours: 1,013 

hours. 

General description of collection: 

Subpart A of the Board’s Regulation K 

governs the foreign investments and 

activities of member banks, Edge and 

agreement corporations, BHCs, and 

certain investments by foreign 

organizations. Subpart C of Regulation K 

governs investments in export trading 

companies. The FR K–1 information 

collection contains eleven attachments 

for the application and notification 

requirements embodied in Subparts A 

and C of Regulation K. The Board 

requires these applications for 

regulatory and supervisory purposes 

and to allow the Board to fulfill its 

statutory obligations under the Federal 

Reserve Act and the Bank Holding 

Company Act of 1956. The applications 

are event-generated and provide the 

Federal Reserve with information 

necessary to evaluate each of the 

proposed transactions. 

Legal authorization and 

confidentiality: This information 

collection is mandatory and collected 

pursuant to sections 25 and 25A of the 

Federal Reserve Act (12 U.S.C. 601– 

604(a), 611–631), and sections 4(c)(13), 

4(c)(14), and 5(c) of the Bank Holding 

Company Act (12 U.S.C. 1843(c)(13), 

1843(c)(14), 1844(c)). The information 

submitted in the FR K–1 is considered 

to be public unless an institution 

requests confidential treatment for 

portions of the particular application or 

notification. Applicants may rely on any 

Freedom of Information Act (FOIA) 

exemption, but such requests for 

confidentiality must contain detailed 

justifications corresponding to the 

claimed FOIA exemption. Any requests 

for confidentiality will be evaluated on 

a case-by-case basis. 

Effective date: July 31, 2018. 

Current actions: On March 23, 2018, 

the Board published a notice in the 

Federal Register (83 FR 12761) 

requesting public comment for 60 days 

on the extension, with revision, of the 

FR K–1. The Board proposed to revise 

the FR K–1 form and instructions 

primarily to make minor changes for 

improved style, grammar, and clarity, 

and to align the general information, 

certification, and confidentiality 

sections with other similar forms.1 In 

addition, a statement has been added 

indicating that the Board prefers that 

applicants/notificants electronically 

submit the application/notification and 

that a pre-filing option is available. No 

changes have been made to the 

information required in the various 

attachments to the FR K–1 form. The 

comment period for this notice expired 

on May 22, 2018. The Board did not 

receive any comments. Accordingly, the 

revisions will be implemented as 

proposed. 

Board of Governors of the Federal Reserve 

System, July 17, 2018. 

Michele Taylor Fennell, 

Assistant Secretary of the Board. 

[FR Doc. 2018–15518 Filed 7–19–18; 8:45 am] 

BILLING CODE 6210–01–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. 

ACTION: Notice. 

SUMMARY: The Board of Governors of the 

Federal Reserve System (Board) is 

adopting a proposal to extend for three 

years, with revision, the International 

Applications and Prior Notifications 

Under Subpart B of Regulation K (FR K– 

2; OMB No. 7100–0284). 

DATES: The revisions are applicable as of 

July 31, 2018. 

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. Telecommunications Device 

for the Deaf (TDD) users may contact 

(202) 263–4869, Board of Governors of 

the Federal Reserve System, 

Washington, DC 20551. 

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, the Office of Management and 

Budget (OMB) delegated to the Board 

authority under the Paperwork 

Reduction Act (PRA) to approve of and 

assign OMB control numbers to 

collection of information requests and 

requirements conducted or sponsored 

by the Board. Board-approved 

collections of information are 

incorporated into the official OMB 

inventory of currently approved 

collections of information. Copies of the 

Paperwork Reduction Act Submission, 

supporting statements and approved 

collection of information instrument(s) 

are placed into OMB’s public docket 

files. The Board may not conduct or 

sponsor, and the respondent is not 

required to respond to, an information 

collection that has been extended, 

revised, or implemented on or after 

October 1, 1995, unless it displays a 

currently valid OMB control number. 

Final Approval Under OMB Delegated 

Authority of the Extension for Three 

Years, With Revision, of the Following 

Report 

Report title: International 

Applications and Prior Notifications 

Under Subpart B of Regulation K. 

Agency form number: FR K–2. 

OMB control number: 7100–0284. 

Frequency: On occasion. 

Respondents: Foreign banks. 

Estimated number of respondents: 14. 

Estimated average hours per response: 

36 hours. 

Estimated annual burden hours: 504 

hours. 

General description of collection: 

Foreign banks are required to obtain the 


daltland on DSKBBV9HB2PROD with NOTICES
34580 Federal Register / Vol. 83, No. 140 / Friday, July 20, 2018 / Notices 

prior approval of the Federal Reserve to 

establish a branch, agency, or 

representative office in the United 

States; to acquire ownership or control 

of a commercial lending company in the 

United States; or to change the status of 

any existing office in the United States. 

The FR K–2 information collection 

contains five attachments for the 

application and notification 

requirements embodied in subpart B of 

Regulation K. The Federal Reserve uses 

the information to fulfill its statutory 

obligations under the International 

Banking Act. 

The applicant also is required to 

publish a notice in a newspaper of 

general circulation in the community 

where the office is proposed to be 

located. The notice must state the name 

and address of the applicant/notificant 

and the proposed office, and it must 

invite the public to submit written 

comments to the appropriate Reserve 

Bank. 

Legal authorization and 

confidentiality: This information 

collection is mandatory and collected 

pursuant to sections 7, 10, and 13 of the 

International Banking Act (12 U.S.C. 

3105, 3107, and 3108). The information 

collected on the FR K–2 is normally 

subject to public disclosure under the 

Freedom of Information Act (FOIA). The 

applying or notifying organization may 

request that portions of the information 

contained in the FR K–2 be afforded 

confidential treatment. To do so, 

applicants must demonstrate how the 

information for which confidentiality is 

requested would fall within the scope of 

one or more of the exemptions 

contained in the FOIA. Any such 

request would be evaluated on a caseby-case basis. 

Effective date: July 31, 2018. 

Current actions: On March 23, 2018, 

the Board published a notice in the 

Federal Register (83 FR 12760) 

requesting public comment for 60 days 

on the extension, with revision, of the 

FR K–2. The Board proposed to revise 

the FR K–2 form and instructions in 

order to: Improve the clarity of the 

requests; reflect the impact of new laws, 

regulations, capital requirements, and 

accounting rules; make minor changes 

for improved style, grammar and clarity; 

and harmonize the general information, 

certification, and confidentiality 

sections with other similar forms. The 

revisions are intended to make initial 

filings more reflective of the proposed 

transaction and thereby reduce the need 

for subsequent information requests, 

which delay the Federal Reserve’s 

consideration of a filing and create 

additional burden for filers. The 

comment period for this notice expired 

on May 22, 2018. The Board did not 

receive any comments. Accordingly, the 

revisions will be implemented as 

proposed. 

Board of Governors of the Federal Reserve 

System, July 17, 2018. 

Michele Taylor Fennell, 

Assistant Secretary of the Board. 

[FR Doc. 2018–15519 Filed 7–19–18; 8:45 am] 

BILLING CODE 6210–01–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. 

ACTION: Notice 

SUMMARY: The Board of Governors of the 

Federal Reserve System (Board) is 

adopting a proposal to extend for three 

years, with revision, the Bank Holding 

Company Application and Notification 

Forms (OMB No. 7100–0121): The 

Application for Prior Approval to 

Become a Bank Holding Company or for 

a Bank Holding Company to Acquire an 

Additional Bank or Bank Holding 

Company (FR Y–3), the Notification for 

Prior Approval to Become a Bank 

Holding Company or for a Bank Holding 

Company to Acquire an Additional 

Bank or Bank Holding Company 

(FR Y–3N), and the Notification for 

Prior Approval to Engage Directly or 

Indirectly in Certain Nonbanking 

Activities (FR Y–4). 

DATES: The revisions are applicable as of 

July 31, 2018. 

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. Telecommunications Device 

for the Deaf (TDD) users may contact 

(202) 263–4869, Board of Governors of 

the Federal Reserve System, 

Washington, DC 20551. 

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, the Office of Management and 

Budget (OMB) delegated to the Board 

authority under the Paperwork 

Reduction Act (PRA) to approve of and 

assign OMB control numbers to 

collection of information requests and 

requirements conducted or sponsored 

by the Board. Board-approved 

collections of information are 

incorporated into the official OMB 

inventory of currently approved 

collections of information. Copies of the 

Paperwork Reduction Act Submission, 

supporting statements and approved 

collection of information instrument(s) 

are placed into OMB’s public docket 

files. The Board may not conduct or 

sponsor, and the respondent is not 

required to respond to, an information 

collection that has been extended, 

revised, or implemented on or after 

October 1, 1995, unless it displays a 

currently valid OMB control number. 

Final Approval Under OMB Delegated 

Authority of the Extension for Three 

Years, With Revision, of the Following 

Report 

Report title: Application for Prior 

Approval to Become a Bank Holding 

Company, or for a Bank Holding 

Company to Acquire an Additional 

Bank or Bank Holding Company; 

Notification for Prior Approval to 

Become a Bank Holding Company, or 

for a Bank Holding Company to Acquire 

an Additional Bank or Bank Holding 

Company; and Notification for Prior 

Approval to Engage Directly or 

Indirectly in Certain Nonbanking 

Activities. 

Agency form number: FR Y–3, 

FR Y–3N, and FR Y–4. 

OMB control number: 7100–0121. 

Frequency: Event-generated. 

Respondents: Corporations seeking to 

become bank holding companies (BHCs) 

and existing BHCs. 

Estimated average hours per response: 

FR Y–3, Section 3(a)(1): 50 hours; FR Y– 

3, Section 3(a)(3) and 3(a)(5): 60.5 hours; 

FR Y–3N, Sections 3(a)(1), 3(a)(3), and 

3(a)(5): 5 hours; FR Y–4, complete 

notification: 12 hours; FR Y–4, 

expedited notification: 5 hours; and FR 

Y–4, post-consummation: 0.5 hours. 

Estimated number of respondents: FR 

Y–3, Section 3(a)(1): 81; FR Y–3, Section 

3(a)(3) and 3(a)(5): 136; FR Y–3N, 

Sections 3(a)(1), 3(a)(3), and 3(a)(5): 26; 

FR Y–4, complete notification: 30; FR 

Y–4, expedited notification: 11; and FR 

Y–4, post-consummation: 1. 

Estimated annual burden hours: 

12,824 hours. 

General description of report: The 

Federal Reserve requires the submission 

of these filings for regulatory and 

supervisory purposes and to allow the 

Federal Reserve to fulfill its statutory 

obligations under the Bank Holding 

Company Act of 1956 (the BHC Act). 

These filings collect information on 

proposals by BHCs involving 


daltland on DSKBBV9HB2PROD with NOTICES