Federal Register / Vol. 86, No. 135 / Monday, July 19, 2021 / Notices 38089 

1 5 U.S.C. 552(b)(8). 

Date: 

[FR Doc. 2021–14968 Filed 7–16–21; 8:45 am] 

BILLING CODE 6712–01–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. 

SUMMARY: The Board of Governors of the 

Federal Reserve System (Board) is 

adopting a proposal to extend for three 

years, without revision, the Disclosure 

Requirements Associated with the 

Consumer Financial Protection Bureau’s 

(Bureau) Regulation M (FR M; OMB No. 

7100–0202). 

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—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, OMB delegated to the Board 

authority under the PRA to approve and 

assign OMB control numbers to 

collections of information conducted or 

sponsored by the Board. Boardapproved collections of information are 

incorporated into the official OMB 

inventory of currently approved 

collections of information. The OMB 

inventory, as well as copies of the PRA 

Submission, supporting statements, and 

approved collection of information 

instrument(s) are available at https://

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

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: Disclosure Requirements 

Associated with the Consumer Financial 

Protection Bureau’s Regulation M. 

Agency form number: FR M. 

OMB control number: 7100–0202. 

Frequency: On occasion. 

Respondents: The FR M panel 

comprises state member banks with 

assets of $10 billion or less that are not 

affiliated with an insured depository 

institution with assets over $10 billion 

(irrespective of the consolidated assets 

of any holding company); nondepository affiliates of such state 

member banks; and non-depository 

affiliates of bank holding companies 

that are not affiliated with an insured 

depository institution with assets over 

$10 billion. Notwithstanding the 

foregoing, the Bureau, and not the 

Board, has supervisory authority for 

Regulation M with respect to 

automobile leasing over non-banks 

defined as ‘‘larger participants’’ in the 

automobile finance market pursuant to 

12 U.S.C. 5514 (implemented by 12 CFR 

1090.108). 

Estimated number of respondents: 4. 

Estimated average hours per response: 

Lease disclosures, 0.11; Advertising 

rules, 0.42. 

Estimated annual burden hours: Lease 

disclosures, 252; Advertising rules, 7. 

General description of report: The 

Consumer Leasing Act (CLA) and 

Regulation M are intended to provide 

consumers with meaningful disclosures 

about the costs and terms of leases for 

personal property. The disclosures 

enable consumers to compare the terms 

for a particular lease with those for 

other leases and, when appropriate, to 

compare lease terms with those for 

credit transactions. The CLA and 

Regulation M also contain rules about 

advertising consumer leases and limit 

the size of balloon payments in 

consumer lease transactions. 

The Bureau’s Regulation M applies to 

all types of lessors of personal property 

(except motor vehicle dealers excluded 

from the Bureau’s authority under 

Dodd-Frank Act section 1029, which are 

covered by the Board’s Regulation M). 

The CLA and Regulation M require 

lessors uniformly to disclose to 

consumers the costs, liabilities, and 

terms of consumer lease transactions. 

Legal authorization and 

confidentiality: The FR M is authorized 

pursuant to sections 105(a) and 187 of 

the Truth in Lending Act (TILA), which 

require that the Bureau prescribe 

regulations regarding the disclosure 

requirements relating to consumer lease 

transactions. The FR M is mandatory. 

Because the disclosures and records 

comprising the FR M are 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.1

Current actions: On April 16, 2021, 

the Board published an initial notice in 

the Federal Register (86 FR 20155) 

requesting public comment for 60 days 

on the extension, without revision, of 

the FR M. The comment period for this 

notice expired on June 15, 2021. The 

Board did not receive any comments. 

Board of Governors of the Federal Reserve 

System, July 13, 2021. 

Michele Taylor Fennell, 

Deputy Associate Secretary of the Board. 

[FR Doc. 2021–15287 Filed 7–16–21; 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, 


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