Federal Register / Vol. 87, No. 66 / Wednesday, April 6, 2022 / Notices 19927 

1 12 U.S.C. 1842(a) and 1843(c)(2). 

2 The two-year period may be extended by the 

Board for up to three years in one-year increments 

(12 CFR 225.12(b); 12 CFR 225.22(d)(1)). The Board 

may provide up to five additional one-year 

extensions (for a total of ten years) if the DPC 

property is shares, real estate, or other assets where 

the holding company demonstrates that each 

extension would not be detrimental to the public 

interest and either the bank holding company has 

made good faith attempts to dispose of such shares, 

real estate or other assets or disposal of the shares, 

real estate or other assets during the initial period 

would have been detrimental to the company (12 

CFR 225.22(d)(1)(ii)). 

3 12 CFR 261.17. 4 5 U.S.C. 552(b)(4). 

contracted (DPC), acquired voting 

securities of a bank or BHC or the 

securities or assets of a company 

engaged in a nonbanking activity to seek 

prior Board approval in order to retain 

ownership of those shares or assets for 

more than two years. 

Proposed revisions: The Board 

proposes to revise the FR 4006 to 

account for the voluntary reporting 

provisions set forth in sections 

225.140(c) and 225.140(d) of Regulation 

Y. These sections state, respectively, 

that a BHC that holds nonbanking DPC 

assets past the two-year statutory 

holding period should report annually 

to the appropriate Reserve Bank on its 

efforts to accomplish divestiture of such 

assets and that a BHC that holds real 

estate acquired as DPC property for 

longer than five years should keep the 

appropriate Reserve Bank advised on a 

regular basis concerning its efforts to 

dispose of the property. 

Legal authorization and 

confidentiality: The FR 4006 is 

authorized pursuant to sections 3(a) and 

4(c)(2) of the BHC Act 1 and sections 

225.12(b) and 225.22(d) of the Board’s 

Regulation Y, which permit a BHC to 

acquire securities or assets in the 

ordinary course of collecting a DPC in 

good faith without seeking prior Board 

approval if such securities or assets 

(DPC property) are divested within two 

years of acquisition. To hold the DPC 

property beyond this two-year period, a 

BHC must seek the Board’s approval.2

The FR 4006 is required to obtain this 

benefit. 

The information contained on the FR 

4006 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 4006 

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.4

Board of Governors of the Federal Reserve 

System, April 1, 2022. 

Margaret Shanks, 

Deputy Secretary of the Board. 

[FR Doc. 2022–07221 Filed 4–5–22; 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 

Interagency Policy Statement on 

Funding and Liquidity Risk 

Management (FR 4198; OMB No. 7100– 

0326). 

DATES: Comments must be submitted on 

or before June 6, 2022. 

ADDRESSES: You may submit comments, 

identified by FR 4198, 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 

20551, 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: 

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 


lotter on DSK11XQN23PROD with NOTICES1
19928 Federal Register / Vol. 87, No. 66 / Wednesday, April 6, 2022 / Notices 

1 12 U.S.C. 324, 602, and 625. 

2 12 U.S.C. 1844(c). 

3 12 U.S.C. 1467a(b)(3). 

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

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

6 5 U.S.C. 552(b)(4). 

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 Policy 

Statement on Funding and Liquidity 

Risk Management. 

Agency form number: FR 4198. 

OMB control number: 7100–0326. 

Frequency: Annually. 

Respondents: Bank holding 

companies, savings and loan holding 

companies, state-licensed branches and 

agencies of foreign banks (other than 

insured branches), corporations 

organized or operating under sections 

25 or 25A of the Federal Reserve Act 

(agreement corporations and Edge 

corporations), and state member banks. 

Estimated number of respondents: 

Implementation of Recordkeeping 

Guidance, 37; Ongoing Recordkeeping, 

4,646. 

Estimated average hours per response: 

Implementation of Recordkeeping 

Guidance, 1; Ongoing Recordkeeping, 1. 

Estimated annual burden hours: 

154,592. 

General description of report: The 

Interagency Policy Statement on 

Funding and Liquidity Risk 

Management (Guidance) was issued to 

provide consistent interagency 

expectations on sound practices for 

managing funding and liquidity risk. 

The Guidance includes a number of 

voluntary recordkeeping provisions that 

apply to the respondents listed above. 

The recordkeeping provisions relate to 

liquidity risk management policies, 

procedures, and assumptions, and 

contingency funding plans. 

Legal authorization and 

confidentiality: The recordkeeping 

provisions of the Guidance are 

authorized pursuant to sections 9(6), 25, 

and 25A of the Federal Reserve Act 1

(for state member banks, agreement 

corporations, and Edge corporations, 

respectively); section 5(c) of the Bank 

Holding Company Act 2 (for bank 

holding companies); section 10(b)(3) of 

the Home Owners’ Loan Act 3 (savings 

and loan holding companies), and 

section 7(c)(2) of the International 

Banking Act 4 (state-licensed branches 

and agencies of foreign banks, other 

than insured branches). The FR 4198 

recordkeeping provisions are contained 

within guidance, which is nonbinding, 

and therefore are voluntary. 

Because these records would be 

maintained at each banking 

organization, the Freedom of 

Information Act (FOIA) would only be 

implicated if the Board obtained such 

records as part of the examination or 

supervision of a banking organization. 

In the event the records are obtained by 

the Board as part of an examination or 

supervision of a financial institution, 

this information may be considered 

confidential pursuant to exemption 8 of 

the FOIA, which protects information 

contained in ‘‘examination, operating, 

or condition reports’’ obtained in the 

bank supervisory process.5 In addition, 

the information may also be kept 

confidential under exemption 4 for the 

FOIA, which protects public 

commercial or financial information, 

which is both customarily and actually 

treated as private by the respondent.6

Board of Governors of the Federal Reserve 

System, April 1, 2022. 

Margaret Shanks, 

Deputy Secretary of the Board. 

[FR Doc. 2022–07222 Filed 4–5–22; 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 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 

standards enumerated in the BHC Act 

(12 U.S.C. 1842(c)). 

Comments regarding each of these 

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 May 6, 2022. 

A. Federal Reserve Bank of St. Louis 

(Holly A. Rieser, Manager) P.O. Box 442, 

St. Louis, Missouri 63166–2034. 

Comments can also be sent 

electronically to 

Comments.applications@stls.frb.org: 

1. FMB Bancshares, Inc., Baldwyn, 

Mississippi; to become a bank holding 

company by acquiring Farmers & 

Merchants Bank, Baldwyn, Mississippi. 

Board of Governors of the Federal Reserve 

System, April 1, 2022. 

Ann E. Misback, 

Secretary of the Board. 

[FR Doc. 2022–07235 Filed 4–5–22; 8:45 am] 

BILLING CODE 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. 

SUMMARY: The Board of Governors of the 

Federal Reserve System (Board) is 

adopting a proposal to extend for three 

years, with revision, the Central Bank 

Survey of Foreign Exchange and 

Derivatives Market Activity (FR 3036; 

OMB No. 7100–0285). The revisions are 

applicable as of April 2022. 

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 for the Federal 


lotter on DSK11XQN23PROD with NOTICES1