Federal Register / Vol. 87, No. 19 / Friday, January 28, 2022 / Notices 4595 

2 12 U.S.C. 1467a(b) (requiring SLHCs to register 

with the Board on such forms as it may prescribe 

and authorizing the Board to require reports from 

SLHCs containing such information concerning the 

operations of SLHCs and their subsidiaries as the 

Board may require). 

3 12 CFR 261.17. 

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

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

6 5 U.S.C. 552(b)(8). 

ratios. Similarly, if the savings 

association subsidiary of an applicant 

has elected to use the CBLR framework, 

the applicant would no longer be 

required to submit the FR LL–10(e) 

information related to the savings 

association’s risk-weighted assets or 

risk-based capital ratios. The proposed 

revisions would simplify the reporting 

requirement with regard to those 

savings associations and SLHCs that 

have elected to utilize the CBLR 

framework. 

Filings Pursuant to Section 238.11(f) of 

Regulation LL and Other Clarifications 

Pursuant to section 238.11(f) of 

Regulation LL, a director or officer of an 

SLHC, or any individual who owns, 

controls, or holds the power to vote (or 

holds proxies representing) more than 

25 percent of the voting shares of such 

an SLHC, must receive the approval of 

the Board prior to acquiring control of 

any savings association that is not a 

subsidiary of such SLHC. The Board 

proposes to modify the FR LL–10(e) 

instructions to explicitly provide that 

the FR LL–10(e) must be submitted for 

such an application. 

The Board is also proposing a minor 

change that would correct a crossreference to the Board’s rules regarding 

the availability of information and to 

clarify that the informational 

requirements of the FR LL–10(e) are 

mandatory for all filers. 

Legal authorization and 

confidentiality: The FR LL–10(e) is 

authorized by section 10(b)(2) of 

HOLA.2 The FR LL–10(e) is required to 

obtain a benefit. 

The information contained on the FR 

LL–10(e) is not considered confidential 

unless an applicant requests 

confidential treatment in accordance 

with the Board’s Rules Regarding 

Availability of Information.3 Requests 

for confidential treatment of information 

are reviewed on a case-by-case basis. 

Information provided on the FR LL– 

10(e) may be nonpublic commercial or 

financial information, which is both 

customarily and actually treated as 

private by the respondent, which is 

protected from disclosure pursuant to 

exemption 4 of the Freedom of 

Information Act (FOIA).4 Submissions 

of the FR LL–10(e) may also contain 

personnel and medical files the 

disclosure of which would constitute a 

clearly unwarranted invasion of 

personal privacy, which are protected 

under exemption 6 of the FOIA,5 or 

information contained in or related to 

examination, operating, or condition 

reports prepared by, on behalf of, or for 

the use of an agency responsible for the 

regulation or supervision of financial 

institutions, which are protected under 

exemption 8 of the FOIA.6

Board of Governors of the Federal Reserve 

System, January 24, 2022. 

Ann Misback, 

Secretary of the Board. 

[FR Doc. 2022–01717 Filed 1–27–22; 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 Notice 

of Proposed Declaration of Dividend (FR 

1583; OMB No. 7100–0339). 

DATES: Comments must be submitted on 

or before March 29, 2022. 

ADDRESSES: You may submit comments, 

identified by FR 1583, 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 or FR 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 confidential 

business information, identifying 

information, or contact information. 

Public comments may also be viewed 

electronically or in paper in Room M– 

4365A, 2001 C St. 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 for the Federal Reserve Board, 

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. 

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 Paperwork 

Reduction Act (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. 

During the comment period for this 

proposal, a copy of the proposed PRA 

OMB submission, including the draft 

reporting form and instructions, 

supporting statement, and other 

documentation, will 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. 

Final versions of these documents will 

be made available at https://

www.reginfo.gov/public/do/PRAMain, if 

approved. 

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: 


jspears on DSK121TN23PROD with NOTICES1
4596 Federal Register / Vol. 87, No. 19 / Friday, January 28, 2022 / Notices 

1 12 U.S.C. 1467a(f). 

2 12 U.S.C. 1467a(b). See 12 U.S.C. 1467a(g). 

3 5 U.S.C. 552(b)(4). 

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: Notice of Proposed 

Declaration of Dividend. 

Agency form number: FR 1583. 

OMB control number: 7100–0339. 

Frequency: Event-generated. 

Respondents: Savings association 

subsidiaries of savings and loan holding 

companies (SLHCs). 

Estimated number of respondents: 

180. 

Estimated average hours per response: 

0.25. 

Estimated annual burden hours: 90. 

General description of report: A 

savings association subsidiary of an 

SLHC must provide prior notice of the 

proposed declaration of a dividend by 

filing form FR 1583, whether 

electronically or by hard copy, with the 

appropriate Reserve Bank. The FR 1583 

requires information regarding the date 

of the filing and the nature and amount 

of the proposed dividend, as well as the 

names and signatures of the executive 

officer and secretary of the savings 

association that is providing the notice. 

The FR 1583 notice may include a 

schedule proposing dividends over a 

period specified by the notificant, not to 

exceed 12 months. 

Legal authorization and 

confidentiality: The FR 1583 is 

authorized by Section 10(f) of the Home 

Owners’ Loan Act (HOLA).1 Section 

10(f) of HOLA provides that every 

subsidiary savings association of an 

SLHC shall give the Board at least 30 

days’ advance notice of the proposed 

declaration by its directors of any 

dividend on its guaranty, permanent, or 

other nonwithdrawable stock. 

Additionally, Section 10(b) of HOLA 

authorizes the Board to require SLHCs 

to file ‘‘such reports as may be required 

by the Board.’’ 2 The FR 1583 is 

mandatory. 

Individual respondents may request 

that information submitted on the FR 

1583 be kept confidential on a case-bycase basis. If such a request is made, the 

Board will determine whether the 

information is entitled to confidential 

treatment. Requests filed pursuant to the 

FR 1583 may include information 

related to the SLHC’s business 

operations, such as terms and sources of 

the funding for dividends and pro forma 

balance sheets. To the extent that this 

information constitutes nonpublic 

commercial or financial information, 

which is both customarily and actually 

treated as private by the respondent, it 

may be kept confidential under 

exemption 4 of the Freedom of 

Information Act, which exempts ‘‘trade 

secrets and commercial or financial 

information obtained from a person and 

privileged or confidential.’’ 3

Board of Governors of the Federal Reserve 

System, January 24, 2022. 

Ann Misback, 

Secretary of the Board. 

[FR Doc. 2022–01714 Filed 1–27–22; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL TRADE COMMISSION 

[File No. 192 3138] 

Fashion Nova, LLC; Analysis of 

Proposed Consent Order To Aid Public 

Comment 

AGENCY: Federal Trade Commission. 

ACTION: Proposed consent agreement; 

request for comment. 

SUMMARY: The consent agreement in this 

matter settles alleged violations of 

federal law prohibiting unfair or 

deceptive acts or practices. The attached 

Analysis of Proposed Consent Order to 

Aid Public Comment describes both the 

allegations in the draft complaint and 

the terms of the consent order— 

embodied in the consent agreement— 

that would settle these allegations. 

DATES: Comments must be received on 

or before February 28, 2022. 

ADDRESSES: Interested parties may file 

comments online or on paper by 

following the instructions in the 

Request for Comment part of the 

SUPPLEMENTARY INFORMATION section 

below. Please write ‘‘Fashion Nova, 

LLC; File No. 192 3138’’ on your 

comment, and file your comment online 

at https://www.regulations.gov by 

following the instructions on the webbased form. If you prefer to file your 

comment on paper, mail your comment 

to the following address: Federal Trade 

Commission, Office of the Secretary, 

600 Pennsylvania Avenue NW, Suite 

CC–5610 (Annex D), Washington, DC 

20580, or deliver your comment to the 

following address: Federal Trade 

Commission, Office of the Secretary, 

Constitution Center, 400 7th Street SW, 

5th Floor, Suite 5610 (Annex D), 

Washington, DC 20024. 

FOR FURTHER INFORMATION CONTACT: 

Amber Lee (202–326–2764), Federal 

Trade Commission, Office of the 

Secretary, Constitution Center, 400 7th 

Street SW, 5th Floor, Suite 5610 (Annex 

D), Washington, DC 20024. 

SUPPLEMENTARY INFORMATION: Pursuant 

to Section 6(f) of the Federal Trade 

Commission Act, 15 U.S.C. 46(f), and 

FTC Rule 2.34, 16 CFR 2.34, notice is 

hereby given that the above-captioned 

consent agreement containing a consent 

order to cease and desist, having been 

filed with and accepted, subject to final 

approval, by the Commission, has been 

placed on the public record for a period 

of thirty (30) days. The following 

Analysis to Aid Public Comment 

describes the terms of the consent 

agreement and the allegations in the 

complaint. An electronic copy of the 

full text of the consent agreement 

package can be obtained at https://

www.ftc.gov/news-events/commissionactions. 

You can file a comment online or on 

paper. For the Commission to consider 

your comment, we must receive it on or 

before February 28, 2022. Write 

‘‘Fashion Nova, LLC; File No. 192 3138’’ 

on your comment. Your comment— 

including your name and your state— 

will be placed on the public record of 

this proceeding, including, to the extent 

practicable, on the https://

www.regulations.gov website. 

Due to the COVID–19 pandemic and 

the agency’s heightened security 

screening, postal mail addressed to the 

Commission will be subject to delay. We 

strongly encourage you to submit your 

comments online through the https://

www.regulations.gov website. 

If you prefer to file your comment on 

paper, write ‘‘Fashion Nova, LLC; File 

No. 192 3138’’ on your comment and on 

the envelope, and mail your comment to 

the following address: Federal Trade 


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