Federal Register / Vol. 86, No. 157 / Wednesday, August 18, 2021 / Notices 46253 

million. The branch or agency reports 

its total exposure (1) to residents of its 

home country, and (2) to the other five 

foreign nations to which its exposure is 

largest and is at least $20 million. The 

home country exposure must be 

reported regardless of the size of the 

total claims for that nation. 

Each respondent must report by 

country, as appropriate, the information 

on its direct claims (assets such as 

deposit balances with banks, loans, or 

securities), indirect claims (which 

include guarantees), and total adjusted 

claims on foreign residents, as well as 

information on commitments. The 

respondent also must report information 

on claims on related non-U.S. offices 

that are included in total adjusted 

claims on the home country, as well as 

a breakdown for the home country and 

each other reported country of adjusted 

claims on unrelated foreign residents by 

the sector of borrower or guarantor, and 

by maturity (in two categories: One year 

or less, and over one year). The Board 

collects and processes this report on 

behalf of all three agencies. 

II. Current Actions 

On May 7, 2021, the Board requested 

comment for 60 days on a proposal to 

extend for three years, with revision, the 

FFIEC 019. The agencies proposed to 

revise the FFIEC 019 by removing the 

five-country limit on the reporting of 

gross claims on foreign nations to which 

the U.S. branch or agency of a foreign 

bank has its largest total exposures of at 

least $20 million. 

The comment period for the proposal 

ended on July 6, 2021, and the agencies 

received one comment. 

The commenter, a banking trade 

association, asked the agencies to clarify 

the definitions and treatment of certain 

terms in the FFIEC 019 to be consistent 

with the Country Exposure Report 

(FFIEC 009). The commenter stated that 

consistency between these terms in the 

FFIEC 019 and FFIEC 009 will reduce 

burden on firms that use FFIEC 009 

definitions to report cross-jurisdictional 

data via the Systemic Risk Report (FR 

Y–15). Specifically, the commenter 

asked the agencies to clarify the FFIEC 

019 instructions as follows: Add 

sections on accounting and differences 

from U.S. GAAP; add clarifying 

information to the Claims section 

regarding the definition of ‘‘claims’’; 

add instructions related to Indirect 

Claims, including instructions related to 

required risk transfers (e.g., guarantees, 

insurance policies, and head offices), 

collateralized claims, debt and equity 

securities, netting and offsetting, 

reporting credit derivatives, and 

treatment of multi-name credit 

derivatives; and add specific 

instructions for allocating claims to the 

rows. The agencies agree with the 

commenter’s suggestions and will revise 

the FFIEC 019 instructions accordingly. 

The comment did not object to the 

agencies’ proposed revisions to the 

FFIEC 019, and therefore the agencies 

will adopt those revisions as proposed. 

III. Request for Comment 

Public comment is requested on all 

aspects of this notice. Comment is also 

specifically invited on: 

a. Whether the information collection 

is necessary for the proper performance 

of the agencies’ functions, including 

whether the information has practical 

utility; 

b. The accuracy of the agencies’ 

estimate of the burden of the 

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 the 

information collection on respondents, 

including through the use of automated 

collection techniques or other forms of 

information technology; and 

e. Estimates of capital or start up costs 

and costs of operation, maintenance, 

and purchase of services to provide 

information. 

Comments submitted to the Board in 

response to this notice will be shared 

with the other agencies. All comments 

will become a matter of public record. 

Board of Governors of the Federal Reserve 

System. 

Ann Misback, 

Secretary of the Board. 

[FR Doc. 2021–17739 Filed 8–17–21; 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, 

Washington, DC 20551–0001, not later 

than September 17, 2021. 

A. Federal Reserve Bank of Atlanta 

(Erien O. Terry, Assistant Vice 

President) 1000 Peachtree Street NE, 

Atlanta, Georgia 30309. Comments can 

also be sent electronically to 

Applications.Comments@atl.frb.org: 

1. Lafayette Banking Company, Mayo, 

Florida; to become a bank holding 

company by acquiring Lafayette State 

Bank, Mayo, Florida. 

Board of Governors of the Federal Reserve 

System, August 13, 2021. 

Ann Misback, 

Secretary of the Board. 

[FR Doc. 2021–17732 Filed 8–17–21; 8:45 am] 

BILLING CODE P 

FEDERAL RETIREMENT THRIFT 

INVESTMENT BOARD 

Notice of Board Meeting 

DATES: August 24, 2021 at 10:00 a.m. 

ADDRESSES: Telephonic. Dial-in (listen 

only) information: Number: 1–415–527– 

5035, Code: 199 981 0184; or via web: 

https://tspmeet.webex.com/tspmeet/ 

onstage/g.php?MTID=ec2075

faccae9511e93ed59f66aef58ec. 

FOR FURTHER INFORMATION CONTACT: 

Kimberly Weaver, Director, Office of 

External Affairs, (202) 942–1640. 

SUPPLEMENTARY INFORMATION: 

Board Meeting Agenda 

Open Session 

1. Approval of the July 27, 2021 Board 

Meeting Minutes 

2. Monthly Reports 

(a) Participant Activity Report 

(b) Investment Report 

(c) Legislative Report 

3. Quarterly Reports 


jbell on DSKJLSW7X2PROD with NOTICES
46254 Federal Register / Vol. 86, No. 157 / Wednesday, August 18, 2021 / Notices 

1Non-labor (e.g., capital/other start-up) costs are 

generally subsumed in activities otherwise 

undertaken in the ordinary course of business (e.g., 

business records from which only existing 

information must be reported to the Commission, 

pay-per-call advertisements or audiotext to which 

cost or other disclosures are added, etc.). To the 

extent that entities incur operating or maintenance 

expenses, or purchase outside services to satisfy the 

Rule’s requirements, staff believe those expenses 

are also included in (or, if contracted out, would be 

comparable to) the annual burden hour and cost 

estimates provided below (where such costs are 

labor-related), or are otherwise included in the 

ordinary cost of doing business (regarding non-labor 

costs). 

(d) Metrics 

4. FY22 Budget Review and Approval 

5. Participant Survey Report 

Closed Session 

6. Information covered under 5 U.S.C. 

552b(c)(9)(B) and 552b(c)(10). 

Authority: 5 U.S.C. 552b (e)(1). 

Dated: August 12, 2021. 

Dharmesh Vashee, 

General Counsel, Federal Retirement Thrift 

Investment Board. 

[FR Doc. 2021–17680 Filed 8–17–21; 8:45 am] 

BILLING CODE P 

FEDERAL TRADE COMMISSION 

Agency Information Collection 

Activities; Proposed Collection; 

Comment Request; Extension 

AGENCY: Federal Trade Commission. 

ACTION: Notice. 

SUMMARY: In accordance with the 

Paperwork Reduction Act of 1995 

(PRA), the Federal Trade Commission 

(FTC or Commission) is seeking public 

comment on its proposal to extend for 

an additional three years the Office of 

Management and Budget (OMB) 

clearance for information collection 

requirements contained in the rules and 

regulations under the Pay-Per-Call Rule 

(Rule). That clearance expires on 

November 30, 2021. 

DATES: Comments must be received on 

or before October 18, 2021. 

ADDRESSES: Interested parties may file a 

comment online or on paper by 

following the instructions in the 

Request for Comments part of the 

SUPPLEMENTARY INFORMATION section 

below. Write ‘‘Pay-Per-Call Rule; PRA 

Comment: FTC File No. P072108’’ 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 J), 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 J), 

Washington, DC 20024. 

FOR FURTHER INFORMATION CONTACT: P. 

Connell McNulty, Attorney, Division of 

Marketing Practices, Bureau of 

Consumer Protection, Federal Trade 

Commission, Mail Code CC–8528, 600 

Pennsylvania Ave. NW, Washington, DC 

20580, (202) 326–2061. 

SUPPLEMENTARY INFORMATION: 

Title: Trade Regulation Rule Pursuant 

to the Telephone Disclosure and 

Dispute Resolution Act of 1992 (‘‘PayPer-Call Rule’’), 16 CFR part 308. 

OMB Control Number: 3084–0102. 

Type of Review: Extension of a 

currently approved collection. 

Abstract: The existing reporting and 

disclosure requirements of the Pay-PerCall Rule are mandated by the 

Telephone Disclosure and Dispute 

Resolution Act of 1992 (TDDRA) to help 

prevent unfair and deceptive acts and 

practices in the advertising and 

operation of pay-per-call services and in 

the collection of charges for telephonebilled purchases. The information 

obtained by the Commission pursuant to 

the reporting requirement is used for 

law enforcement purposes. The 

disclosure requirements ensure that 

consumers are told about the costs of 

using a pay-per-call service, that they 

will not be liable for unauthorized nontoll charges on their telephone bills, and 

how to deal with disputes about 

telephone-billed purchases. 

Likely Respondents: 

telecommunications common carriers 

(subject to the reporting requirement 

only, unless acting as a billing entity), 

information providers (vendors) offering 

one or more pay-per-call services or 

programs, and billing entities. 

Estimated Annual Hours Burden: 

1,029,570 hours (18 + 1,029,552) 

Reporting: 18 hours for reporting by 

common carriers 

Disclosure: 1,029,552 [(21,240 hours for 

advertising by vendors + 21,732 hours 

for preamble disclosure which applies 

to every pay-per-call service + 7,080 

burden hours for telephone-billed 

charges in billing statements (applies 

to vendors; applies to common 

carriers if acting as billing entity) + 

11,500 burden hours for dispute 

resolution procedures in billing 

statements (applies to billing entities) 

+ 968,000 hours for disclosures 

related to consumers reporting a 

billing error (applies to billing 

entities)] 

Estimated annual cost burden: 

$50,456,136 (solely relating to labor 

costs).1

As required by section 3506(c)(2)(A) 

of the PRA, 44 U.S.C. 3506(c)(2)(A), the 

FTC is providing this opportunity for 

public comment before requesting that 

OMB extend the existing clearance for 

the information collection requirements 

contained in the Commission’s Pay-PerCall Rule. 

Burden Estimates 

Brief Description of the Need for and 

Proposed Use of the Information 

The existing reporting and disclosure 

requirements are mandated by the 

TDDRA to help prevent unfair and 

deceptive acts and practices in the 

advertising and operation of pay-percall services and in the collection of 

charges for telephone-billed purchases. 

The information obtained by the 

Commission pursuant to the reporting 

requirement is used for law enforcement 

purposes. The disclosure requirements 

ensure that consumers are told about the 

costs of using a pay-per-call service, that 

they will not be liable for unauthorized 

non-toll charges on their telephone bills, 

and how to deal with disputes about 

telephone-billed purchases. 

Likely Respondents and Their Estimated 

Number 

Respondents are telecommunications 

common carriers (subject to the 

reporting requirement only, unless 

acting as a billing entity), information 

providers (vendors) offering one or more 

pay-per-call services or programs, and 

billing entities. Staff estimates that there 

are 6 common carriers, approximately 

5,900 vendors, and approximately 2,300 

possible billing entities. The FTC seeks 

public comment or data on these 

estimates and those stated below. 

Estimated annual reporting and 

disclosure burden: 1,029,570 hours; 

$50,456,136 in associated labor costs. 

The burden hour estimate for each 

reporting and disclosure requirement 

has been multiplied by a ‘‘blended’’ 

wage rate (expressed in dollars per 

hour), based on the particular skill mix 

needed to carry out that requirement, to 

determine its total annual cost. The 

blended rate calculations are based on 

the following skill categories and 

average wage rates and/or labor costs: 

$123/hour for professional (attorney) 

services; $20/hour for skilled clerical 

workers; $46/hour for computer 

programmers; and $60/hour for 

management time. These figures are 

averages, based on the most currently 

available Bureau of Labor Statistics 

(‘‘BLS’’) cost figures posted online. FTC 


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