Federal Register / Vol. 86, No. 143 / Thursday, July 29, 2021 / Notices 40839 

FCC is authorized to appear, when: (a) 

The FCC or any component thereof; or 

(b) any employee of the FCC in his or 

her official capacity; or (c) any 

employee of the FCC in his or her 

individual capacity where the DOJ or 

the FCC have agreed to represent the 

employee; or (d) the United States is a 

party to litigation or has an interest in 

such litigation, and the use of such 

records by the DOJ or the FCC is 

deemed by the FCC to be relevant and 

necessary to the litigation. 

4. Law Enforcement and 

Investigation—To disclose pertinent 

information to the appropriate Federal, 

State, local, tribal agency, or component 

of an agency, such as the FCC’s 

Enforcement Bureau, responsible for 

investigating, prosecuting, enforcing, or 

implementing a statute, rule, regulation, 

or order, where the FCC becomes aware 

of an indication of a violation or 

potential violation of civil or criminal 

law or regulation. 

5. Congressional Inquiries—To 

provide information to a Congressional 

office from the record of an individual 

in response to an inquiry from that 

Congressional office made at the written 

request of that individual. 

6. Government-wide Program 

Management and Oversight—To provide 

information to the Department of Justice 

(DOJ) to obtain that department’s advice 

regarding disclosure obligations under 

the Freedom of Information Act; or to 

the Office of Management and Budget 

(OMB) to obtain that office’s advice 

regarding obligations under the Privacy 

Act. 

7. Breach Notification—To 

appropriate agencies, entities, and 

persons when: (a) The Commission 

suspects or has confirmed that there has 

been a breach of PII maintained in the 

system of records; (b) the Commission 

has determined that as a result of the 

suspected or confirmed breach there is 

a risk of harm to individuals, the 

Commission (including its information 

system, programs, and operations), the 

Federal Government, or national 

security; and; and (c) the disclosure 

made to such agencies, entities, and 

persons is reasonably necessary to assist 

in connection with the Commission’s 

efforts to respond to the suspected or 

confirmed breach or to prevent, 

minimize, or remedy such harm. 

8. Assistance to Federal Agencies and 

Entities—To another Federal agency or 

Federal entity, when the Commission 

determines that information from this 

system is reasonably necessary to assist 

the recipient agency or entity in: (a) 

Responding to a suspected or confirmed 

breach or (b) preventing, minimizing, or 

remedying the risk of harm to 

individuals, the recipient agency or 

entity (including its information 

systems, program, and operations), the 

Federal Government, or national 

security, resulting from a suspected or 

confirmed breach. 

9. Non-Federal Personnel—To 

disclose information to non-federal 

personnel, including contractors, who 

have been engaged to assist the FCC in 

the performance of a contract service, 

grant, cooperative agreement, or other 

activity related to this system of records 

and who need to have access to the 

records in order to perform their 

activity. 

In each of these cases, the FCC will 

determine whether disclosure of the 

records is compatible with the purpose 

for which the records were collected. 

REPORTING TO A CONSUMER REPORTING

AGENCIES: 

In addition to the routine uses cited 

above, the Commission may share 

information from this system of records 

with a consumer reporting agency 

regarding an individual who has not 

paid a valid and overdue debt owed to 

the Commission, following the 

procedures set out in the Debt 

Collection Act, 31 U.S.C. 3711(e). 

POLICIES AND PRACTICES FOR STORAGE OF

RECORDS: 

This an electronic system of records 

that resides on the FCC’s network, 

USAC’s network, or on an FCC vendor’s 

network. 

POLICIES AND PRACTICES FOR RETRIEVAL OF

RECORDS: 

Records in this system of records can 

be retrieved by any category field, e.g., 

first name or email address. 

POLICIES AND PRACTICES FOR RETENTION AND

DISPOSAL: 

The information in this system is 

maintained and disposed of in 

accordance with the National Archives 

and Records Administration (NARA) 

General Records Schedule 6.5, Item 020 

(DAA–GRS–2017–0002–0002). 

ADMINISTRATIVE, TECHNICAL, AND PHYSICAL

SAFEGUARDS: 

The electronic records, files, and data 

are stored within FCC, USAC, or a 

vendor’s accreditation boundaries and 

maintained in a database housed in the 

FCC’s, USAC’s, or vendor’s computer 

network databases. Access to the 

electronic files is restricted to 

authorized employees and contractors; 

and to IT staff, contractors, and vendors 

who maintain the IT networks and 

services. Other employees and 

contractors may be granted access on a 

need-to-know basis. The electronic files 

and records are protected by the FCC, 

USAC, and third-party privacy 

safeguards, a comprehensive and 

dynamic set of IT safety and security 

protocols and features that are designed 

to meet all Federal privacy standards, 

including those required by the Federal 

Information Security Modernization Act 

of 2014 (FISMA), the Office of 

Management and Budget (OMB), and 

the National Institute of Standards and 

Technology (NIST). 

RECORD ACCESS PROCEDURES: 

Individuals wishing to request access 

to and/or amendment of records about 

themselves should follow the 

Notification Procedure below. 

CONTESTING RECORD PROCEDURES: 

Individuals wishing to request access 

to and/or amendment of records about 

themselves should follow the 

Notification Procedure below. 

NOTIFICATION PROCEDURE: 

Individuals wishing to determine 

whether this system of records contains 

information about themselves may do so 

by writing Privacy@fcc.gov. Individuals 

requesting access must also comply 

with the FCC’s Privacy Act regulations 

regarding verification of identity to gain 

access to records as required under 47 

CFR part 0, subpart E. 

EXEMPTIONS CLAIMED FOR THE SYSTEM: 

None. 

HISTORY: 

This is a new system of records. 

Federal Communications Commission. 

Marlene Dortch, 

Secretary. 

[FR Doc. 2021–16193 Filed 7–28–21; 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, with revision, the Bank Holding 

Company Applications and 

Notifications (FR Y–3, FR Y–3N, and FR 

Y–4; OMB No. 7100–0121). The 

revisions are applicable as of August 30, 

2021. 

FOR FURTHER INFORMATION CONTACT:

Federal Reserve Board Clearance 

Officer—Nuha Elmaghrabi—Office of 


jbell on DSKJLSW7X2PROD with NOTICES
40840 Federal Register / Vol. 86, No. 143 / Thursday, July 29, 2021 / Notices 

1 12 U.S.C. 1842(a). 

2 12 U.S.C. 1844(b). In addition, section 5(c) of the 

BHC Act authorizes the Board to require reports 

from bank holding companies. 12 U.S.C. 1844(c). 

3 12 U.S.C. 1843(j). 

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

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

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

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, With Revision, of the Following 

Information Collection: 

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; Notice 

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. 

Effective Date: August 30, 2021. 

Frequency: Event-generated. 

Respondents: Bank holding 

companies (BHCs) and companies 

seeking to become BHCs involving 

certain formations, acquisitions, 

mergers, and nonbanking activities. 

Estimated number of respondents: FR 

Y–3, New BHCs: 72; FR Y–3, Existing 

BHCs: 58; FR Y–3N: 21; FR Y–4, 

completed notification: 22; FR Y–4, 

expedited notification: 8; and FR Y–4, 

post-consummation: 1. 

Estimated average hours per response: 

Reporting: FR Y–3, New BHCs: 48.5; FR 

Y–3, Existing BHCs: 59; FR Y–3N: 4; FR 

Y–4, completed notification: 11; FR Y– 

4, expedited notification: 5; and FR Y– 

4, post-consummation: 0.5; Disclosure: 

FR Y–3: 1; FR Y–3N: 1; FR Y–4: 1. 

Estimated annual burden hours: FR 

Y–3, New BHCs: 3,492; FR Y–3, Existing 

BHCs: 3,422; FR Y–3N: 84; FR Y–4, 

completed notification: 242; FR Y–4, 

expedited notification: 40; and FR Y–4, 

post-consummation: 1; Disclosure: FR 

Y–3: 130; FR Y–3N: 21; FR Y–4: 22. 

General description of report: These 

filings collect information on proposals 

by BHCs and companies seeking to 

become BHCs involving certain 

formations, acquisitions, mergers, and 

nonbanking activities. The Board 

requires the submission of these filings 

for regulatory and supervisory purposes 

and to fulfill its statutory obligations 

under the Bank Holding Company Act 

of 1956 (the BHC Act). The Board uses 

the information submitted in these 

filings to evaluate each individual 

transaction with respect to the relevant 

statutory factors and to ensure that the 

transaction complies with other 

applicable requirements. 

Legal authorization and 

confidentiality: Section 3(a) of the BHC 

Act requires Board approval for 

formations, acquisitions, and mergers of 

bank holding companies.1 Section 5(b) 

of the BHC Act authorizes the Board to 

issue regulations and orders to carry out 

these functions.2 These sections of the 

BHC Act provide the legal authorization 

for the FR Y–3 and the FR Y–3N. 

Section 4(j) of the BHC Act requires 

bank holding companies to give prior 

written notice to the Board of any 

acquisition of a nonbank company or 

commencement of any nonbanking 

activities.3 This section of the BHC Act 

provides the legal authorization for the 

FR Y–4. The obligation to respond to the 

FR Y–3, Y–3N, and Y–4 is required to 

obtain a benefit. 

To the extent a respondent submits 

nonpublic commercial or financial 

information in connection with the FR 

Y–3, Y–3N, or Y–4, which is both 

customarily and actually treated as 

private by the respondent, the 

respondent may request confidential 

treatment pursuant to exemption 4 of 

the Freedom of Information Act 

(FOIA).4 To the extent a respondent 

submits personal, medical, or similar 

files, the disclosure of which would 

constitute an unwarranted invasion of 

privacy, the respondent may request 

confidential treatment pursuant to 

exemption 6 of the FOIA.5 If a 

respondent requests confidential 

treatment, the Board will determine 

whether the information is entitled to 

confidential treatment on a case-by-case 

basis. The entity should separately 

designate any such information as 

‘‘confidential commercial information’’ 

or ‘‘confidential financial information’’ 

and the Board will treat such designated 

information as confidential to the extent 

permitted by law, including the FOIA. 

To the extent a respondent submits 

information related to examination, 

operating, or condition reports prepared 

by, on behalf of, or for the use of a 

financial supervisory agency, the 

information may be confidential 

pursuant to exemption 8 of the FOIA.6

Current actions: On April 16, 2021, 

the Board published an initial notice in 

the Federal Register (86 FR 20149) 

requesting public comment for 60 days 

on the extension, with revision, of the 

FR Y–3, FR Y–3N, and FR Y–4. The 

comment period for this notice expired 

on June 15, 2021. The Board did not 

receive any comments. The Board will 

adopt the extension, with revision, of 

the FR Y–3, FR Y–3N, and FR Y–4 as 

proposed. 

Board of Governors of the Federal Reserve 

System, July 23, 2021. 

Michele Taylor Fennell, 

Deputy Associate Secretary of the Board. 

[FR Doc. 2021–16145 Filed 7–28–21; 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. 

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 Subparts A and C of Regulation 

K (FR K–1; OMB No. 7100–0107). The 

revisions are effective immediately. 

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. 


jbell on DSKJLSW7X2PROD with NOTICES