Federal Register / Vol. 80, No. 28 / Wednesday, February 11, 2015 / Notices 7595 

1Notice Seeking Comment on Asset Management 

Products and Activities, 79 Federal Register 77,488 

(Dec. 24, 2014). 

Board of Governors of the Federal Reserve 

System, February 6, 2015. 

Margaret McCloskey Shanks, 

Deputy Secretary of the Board. 

[FR Doc. 2015–02799 Filed 2–10–15; 8:45 am] 

BILLING CODE 6210–01–P 

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 applications listed below, as well 

as other related filings required by the 

Board, are available for immediate 

inspection at the Federal Reserve Bank 

indicated. The applications will also be 

available for inspection at the offices of 

the Board of Governors. Interested 

persons may express their views in 

writing on the standards enumerated in 

the BHC Act (12 U.S.C. 1842(c)). 

The comment period for these 

applications has been extended. 

Comments regarding these applications 

must be received at the Reserve Bank 

indicated or the offices of the Board of 

Governors not later than February 26, 

2015. 

A. Federal Reserve Bank of New York 

(Ivan Hurwitz, Vice President) 33 

Liberty Street, New York, New York 

10045–0001: 

1. CIT Group Inc., Livingston, New 

Jersey, and its subsidiary, Carbon 

Merger Sub LLC, New York, New York; 

to acquire 100 percent of the voting 

shares of, and to merge with, IMB 

Holdco LLC, and thereby indirectly 

acquire voting shares of OneWest Bank, 

N.A., both in Pasadena, California. In 

addition, Carbon Merger Sub LLC has 

applied to become a bank holding 

company. 

Board of Governors of the Federal Reserve 

System. 

Margaret McCloskey Shanks, 

Deputy Secretary of the Board. 

[FR Doc. 2015–02839 Filed 2–10–15; 8:45 am] 

BILLING CODE 6210–01–P 

FINANCIAL STABILITY OVERSIGHT 

COUNCIL 

Notice Seeking Comment on Asset 

Management Products and Activities 

AGENCY: Financial Stability Oversight 

Council. 

ACTION: Notice; extension of comment 

period. 

SUMMARY: On December 24, 2015, the 

Financial Stability Oversight Council 

(the Council) published a ‘‘Notice 

Seeking Comment on Asset 

Management Products and Activities’’ 

(the Notice), which states that 

comments on the Notice must be 

received not later than February 23, 

2015. The Council has determined that 

an extension of the comment period 

until March 25, 2015, is appropriate. 

DATES: Comments must be received not 

later than March 25, 2015. 

ADDRESSES: You may submit comments 

by any of the methods identified in the 

Notice. Please submit your comments 

using only one method. 

FOR FURTHER INFORMATION CONTACT: 

Patrick Pinschmidt, Deputy Assistant 

Secretary for the Financial Stability 

Oversight Council, Department of the 

Treasury, at (202) 622–2495; Lyndsay 

Huot, Senior Policy Advisor, Office of 

the Financial Stability Oversight 

Council, Department of the Treasury, at 

(202) 622–5874; or Eric Froman, Office 

of the General Counsel, Department of 

the Treasury, at (202) 622–1942. 

SUPPLEMENTARY INFORMATION: On 

December 24, 2014, the Council 

published the Notice,1 seeking comment 

on whether and how certain asset 

management products and activities 

could pose potential risks to U.S. 

financial stability. Specifically, the 

Notice requests information about 

whether risks associated with liquidity 

and redemptions, leverage, operational 

functions, and resolution in the asset 

management industry could affect U.S. 

financial stability. The Notice states that 

comments must be received no later 

than February 23, 2015. The Council has 

determined that an extension of the 

comment period until March 25, 2015, 

is appropriate in order to provide the 

public more time to review, consider, 

and comment on the Notice. 

Dated: February 4, 2015. 

Patrick Pinschmidt, 

Deputy Assistant Secretary for the Financial 

Stability Oversight Council, Department of 

the Treasury, Executive Director, Financial 

Stability Oversight Council. 

[FR Doc. 2015–02813 Filed 2–10–15; 8:45 am] 

BILLING CODE 4810–25–P 

FINANCIAL STABILITY OVERSIGHT 

COUNCIL 

Supplemental Procedures Relating to 

Nonbank Financial Company 

Determinations 

AGENCY: Financial Stability Oversight 

Council. 

ACTION: Notice of document availability. 

SUMMARY: This notice announces the 

availability of ‘‘Supplemental 

Procedures Relating to Nonbank 

Financial Company Determinations’’ 

(Supplemental Procedures). 

DATES: Effective [DATE TBD]. 

ADDRESSES: Copies of the Supplemental 

Procedures are located on the Financial 

Stability Oversight Council Web site, 

available at www.fsoc.gov. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information 

should be directed to Deputy Assistant 

Secretary for the Financial Stability 

Oversight Council, Department of the 

Treasury, 1500 Pennsylvania Avenue 

NW., Washington, DC 20220. 

SUPPLEMENTARY INFORMATION: Section 

113 of the Dodd-Frank Wall Street 

Reform and Consumer Protection Act 

(the Dodd-Frank Act) authorizes the 

Financial Stability Oversight Council 

(the Council) to determine that a 

nonbank financial company shall be 

supervised by the Board of Governors of 

the Federal Reserve System and be 

subject to enhanced prudential 

standards if the Council determines that 

material financial distress at the 

company, or the nature, scope, size, 

scale, concentration, 

interconnectedness, or mix of the 

activities of the company, could pose a 

threat to the financial stability of the 

United States. 

The Council has conducted a review 

of its practices related to the evaluation 

of nonbank financial companies under 

section 113 of the Dodd-Frank Act. The 

Council’s review included engagement 

with financial companies, trade 

associations, nonbank financial 

companies subject to Council 

determinations, public interest groups, 

members of Congress and their staffs, 

and other stakeholders. At its open 

meeting on January 21, 2015, the 

Council discussed its engagement with 


tkelley on DSK3SPTVN1PROD with NOTICES
7596 Federal Register / Vol. 80, No. 28 / Wednesday, February 11, 2015 / Notices 

1Authority to Require Supervision and 

Regulation of Certain Nonbank Financial 

Companies, 12 CFR part 1310 (2013). 

stakeholders and changes recommended 

by staff to the Council’s process for 

nonbank financial company 

determinations. 

Based on its review, the Council has 

adopted the Supplemental Procedures, 

which the Council intends to use for 

determinations in non-emergency 

situations, to supplement its rule and 

interpretive guidance regarding 

nonbank financial company 

determinations.1 The Council will 

continue to work to identify and 

evaluate additional potential 

enhancements to its practices and 

procedures that would promote the 

Council’s commitment to active 

engagement with companies under 

consideration for a determination and to 

transparency to the public. 

Patrick Pinschmidt, 

Deputy Assistant Secretary for the Financial 

Stability Oversight Council, Department of 

the Treasury, Executive Director, Financial 

Stability Oversight Council. 

[FR Doc. 2015–02812 Filed 2–10–15; 8:45 am] 

BILLING CODE 4810–25–P–P 

DEPARTMENT OF HEALTH AND 

HUMAN SERVICES 

Agency Information Collection 

Activities; Proposed Collection; Public 

Comment Request 

AGENCY: Electronic Government Office, 

Department of Health and Human 

Services. 

ACTION: Notice. 

SUMMARY: In compliance with section 

3506(c)(2)(A) of the Paperwork 

Reduction Act of 1995, Grants.gov 

(EGOV), Department of Health and 

Human Services, announces plans to 

submit an Information Collection 

Request (ICR), described below, to the 

Office of Management and Budget 

(OMB). The ICR is for a 3 year renewal 

of a previously-approved information 

collection assigned OMB control 

number 4040–0007—SF–424 B 

Assurances for Non-Construction 

Programs, which expired on June 30, 

2014. The ICR also requests categorizing 

the form as a common form, meaning 

HHS will only request approval for its 

own use of the form rather than 

aggregating the burden estimate across 

all Federal Agencies as was done for 

previous actions on this OMB control 

number. Prior to submitting that ICR to 

OMB, EGOV seeks comments from the 

public regarding the burden estimate, 

below, or any other aspect of the ICR. 

DATES: The 60-day Comment Period 

closed on January 5, 2015. No comments 

were received. Comments on the ICR 

must be received on or before March 13, 

2015. 

ADDRESSES: Submit your comments to 

Information.CollectionClearance@

hhs.gov or by calling (202) 690–6162. 

FOR FURTHER INFORMATION CONTACT: 

Information Collection Clearance staff, 

Information.CollectionClearance@

hhs.gov or (202) 690–6162. 

SUPPLEMENTARY INFORMATION: Form is 

available upon request. 

Information Collection Request Title: 

SF–424 B Assurances for NonConstruction Programs. 

Abstract: SF–424 B Assurances for 

Non-Construction Programs is used as 

by the grant applicant when requesting 

funds for non-construction grant 

programs. 

Need and Proposed Use of the 

Information: The SF–424 B Assurances 

for Non-Construction Programs form is 

used as by the grant applicant when 

requesting funds for non-construction 

grant programs. The Federal awarding 

agencies use information submitted on 

this form for award determination of the 

Federal assistance awards programs. 

Likely Respondents: Federal grant 

applicants. 

Burden Statement: Burden in this 

context means the time expended by 

persons to generate, maintain, retain, 

disclose or provide the information 

requested. This includes the time 

needed to review instructions, to 

develop, acquire, install and utilize 

technology and systems for the purpose 

of collecting, validating and verifying 

information, processing and 

maintaining information, and disclosing 

and providing information, to train 

personnel and to be able to respond to 

a collection of information, to search 

data sources, to complete and review 

the collection of information, and to 

transmit or otherwise disclose the 

information. The total annual burden 

hours estimated for this ICR are 

summarized in the table below. 

TOTAL ESTIMATED ANNUALIZED BURDEN—HOURS

Form name Number of 

respondents 

Number of 

responses per 

respondent 

Average 

burden per 

response 

(in hours) 

Total burden 

hours 

40,000 1 1 40,000 

Total .......................................................................................................... 40,000 1 1 40,000 

Grants.gov specifically requests 

comments on (1) the necessity and 

utility of the proposed information 

collection for the proper performance of 

the agency’s functions, (2) the accuracy 

of the estimated burden, (3) ways to 

enhance the quality, utility, and clarity 

of the information to be collected, and 

(4) the use of automated collection 

techniques or other forms of information 

technology to minimize the information 

collection burden. 

Darius Taylor, 

Information Collection Clearance Officer. 

[FR Doc. 2015–02764 Filed 2–10–15; 8:45 am] 

BILLING CODE 4150–37–P 

DEPARTMENT OF HEALTH AND 

HUMAN SERVICES 

Agency Information Collection 

Activities; Proposed Collection; Public 

Comment Request 

AGENCY: Electronic Government Office, 

Department of Health and Human 

Services. 

ACTION: Notice. 


tkelley on DSK3SPTVN1PROD with NOTICES