31560 Federal Register / Vol. 87, No. 100 / Tuesday, May 24, 2022 / Notices 

a person’s oral testimony at the public 

meeting (if a written copy is provided to 

the agencies), and the transcript of the 

public meeting, available on the OCC’s 

public website at: https://occ.gov/ 

topics/charters-and-licensing/publiccomment/business-combination-ormerger-applications-comments.html. 

The Board will make the public record 

of the Holding Company Application, 

including all comments received, the 

written copy of a person’s oral 

testimony at the public meeting (if a 

written copy is provided to the 

agencies), and the transcript of the 

public meeting, available on the Board’s 

public website at: https://

www.federalreserve.gov/foia/td-groupfirst-horizon-application-relatedmaterials.htm. Persons submitting 

comments and/or testimony are 

reminded to include only information 

that they wish to make available to the 

public. 

Michael J. Hsu, 

Acting Comptroller of the Currency. 

By order of the Board of Governors of the 

Federal Reserve System. 

Ann Misback, 

Secretary of the Board. 

[FR Doc. 2022–11068 Filed 5–23–22; 8:45 am] 

BILLING CODE 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 

Disclosure Requirements and 

Recordkeeping Requirements 

Associated with Regulation CC (FR CC; 

OMB No. 7100–0235). 

DATES: Comments must be submitted on 

or before July 25, 2022. 

ADDRESSES: You may submit comments, 

identified by FR CC, 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: Federal Reserve Board of 

Governors, Attn: Ann E. Misback, 

Secretary of the Board, Mailstop 

M–4775, 2001 C St 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 

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 

Collection title: Disclosure 

Requirements and Recordkeeping 

Requirements Associated with 

Regulation CC. 

Collection identifier: FR CC. 

OMB control number: 7100–0235. 

Frequency: Event-generated. 

Respondents: State member banks and 

uninsured state branches and agencies 

of foreign banks. 

Estimated number of respondents: 

Bank burden: 686 (except for Changes in 

policy, 100); Consumer burden: 17,150. 

Estimated average hours per response: 

Specific availability policy disclosures 

and initial disclosures, 0.02; Longer 

delays on a case-by-case basis—Notice 

in specific policy disclosure, 0.05; 

Notice of exceptions, 0.05; Locations 

where employees accept consumer 

deposits and ATMs, 0.25; Quinquennial 


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Federal Register / Vol. 87, No. 100 / Tuesday, May 24, 2022 / Notices 31561 

1 See 12 U.S.C. 4001 et seq. 

2 See 12 U.S.C. 5001 et seq. 

3 For purposes of Regulation CC, banks are 

commercial banks, savings associations, credit 

unions, and U.S. branches and agencies of foreign 

banks. 

4 12 U.S.C. 4008. 

5 12 U.S.C. 5014. 

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

inflation adjustments for disclosures, 8; 

Annual notice of new ATMs, 5; Changes 

in policy, 20; Notification of 

quinquennial inflation adjustments 

(annualized), 4; Notice of nonpayment 

on paying bank, 0.02; Notification to 

customer, 0.02; Expedited recredit for 

consumers, 0.25; Expedited recredit for 

banks, 0.25; Consumer awareness, 0.02; 

Expedited recredit claim notice, 0.25. 

Estimated annual burden hours: 

Specific availability policy disclosures 

and initial disclosures, 6,860; Longer 

delays on a case-by-case basis—Notice 

in specific policy disclosure, 24,010; 

Notice of exceptions, 68,600; Locations 

where employees accept consumer 

deposits and ATMs, 172; Quinquennial 

inflation adjustments for disclosures, 

5,488; Annual notice of new ATMs, 

3,430; Changes in policy, 4,000; 

Notification of quinquennial inflation 

adjustments (annualized), 2,744; Notice 

of nonpayment on paying bank, 480; 

Notification to customer, 5,076; 

Expedited recredit for consumers, 6,003; 

Expedited recredit for banks, 2,573; 

Consumer awareness, 4,116; Expedited 

recredit claim notice, 4,288. 

General description of collection: 

Regulation CC—Availability of Funds 

and Collection of Checks (12 CFR 229), 

which implements the Expedited Funds 

Availability Act of 1987 (EFA Act) 1 and 

the Check Clearing for the 21st Century 

Act of 2003 (Check 21 Act),2 requires 

banks 3 to make funds deposited in 

transaction accounts available within 

specified time periods, disclose their 

availability policies to customers, and 

begin accruing interest on such deposits 

promptly. The disclosures are intended 

to alert customers that their ability to 

use deposited funds may be delayed, 

prevent unintentional (and potentially 

costly) overdrafts, and allow customers 

to compare the policies of different 

banks before deciding at which bank to 

deposit funds. Regulation CC also 

requires notice to the depositary bank 

and to a customer of nonpayment of a 

check. Model disclosure forms, clauses, 

and notices are appended to the 

regulation to ease compliance. 

Legal authorization and 

confidentiality: Section 609 of the EFA 

Act, as amended by section 1086 of the 

Dodd-Frank Wall Street Reform and 

Consumer Protection Act (Dodd-Frank 

Act),4 states that, ‘‘the Board, jointly 

with the Director of the Bureau of 

Consumer Financial Protection, shall 

prescribe regulations—(1) to carry out 

the provisions of this chapter; (2) to 

prevent the circumvention or evasion of 

such provisions; and (3) to facilitate 

compliance with such provisions.’’ 

Additionally, section 15 of the Check 21 

Act 5 authorizes the Board to ‘‘prescribe 

such regulations as the Board 

determines to be necessary to 

implement, prevent circumvention or 

evasion of, or facilitate compliance with 

the provisions of this chapter.’’ The 

Board is therefore authorized by these 

statutory provisions to promulgate the 

disclosure and recordkeeping 

requirements contained in Regulation 

CC. The disclosure and recordkeeping 

requirements in Regulation CC are 

mandatory. The information that 

Regulation CC requires of consumers 

who are making an expedited recredit 

claim is required to obtain a benefit. 

Because records required by 

Regulation CC 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.6

Consultation outside the agency: 

Pursuant to sections 1086 and 1100H of 

the Dodd-Frank Act, the Board and the 

Consumer Financial Protection Bureau 

(CFPB) assumed joint rulemaking 

authority with respect to subpart B of 

Regulation CC. Given this joint 

authority, the Board has communicated 

with the CFPB regarding this 

information collection. 

Board of Governors of the Federal Reserve 

System, May 17, 2022. 

Michele Taylor Fennell, 

Deputy Associate Secretary of the Board. 

[FR Doc. 2022–11091 Filed 5–23–22; 8:45 am] 

BILLING CODE 6210–01–P 

DEPARTMENT OF THE TREASURY 

Office of the Comptroller of the 

Currency 

FEDERAL RESERVE SYSTEM 

Public Meeting: Proposal by Bank of 

Montreal and BMO Financial Corp. To 

Acquire BancWest Holding Inc. and 

Bank of the West, and for Bank of the 

West To Merge With and Into BMO 

Harris Bank National Association 

AGENCY: Board of Governors of the 

Federal Reserve System (Board) and 

Office of the Comptroller of the 

Currency (OCC). 

ACTION: Notice of public meeting. 

SUMMARY: A virtual public meeting will 

be held regarding the proposals by Bank 

of Montreal, Montreal, Quebec, Canada 

and BMO Financial Corp., Wilmington, 

Delaware, to acquire BancWest Holding 

Inc. and thereby indirectly acquire Bank 

of the West, both of San Francisco, 

California, pursuant to the Bank 

Holding Company Act; and for Bank of 

the West, San Francisco, California, to 

merge with and into BMO Harris Bank 

National Association, Chicago, Illinois, 

pursuant to the Bank Merger Act. The 

purpose of the meeting is to collect 

information related to factors the Board 

and OCC consider when making 

determinations under the Bank Holding 

Company Act and the Bank Merger Act. 

DATES: The meeting date is July 14, 

2022, from 11:00 a.m. to 7:00 p.m. 

Eastern Daylight Time (EDT). Members 

of the public seeking to make oral 

comments during the virtual meeting 

must register by 12:00 p.m. EDT on June 

23, 2022, to be placed on a list of 

registered commenters and receive 

specific instructions for participation. 

Members of the public seeking to watch 

the virtual meeting (but not provide oral 

comments) must register any time prior 

to 11:59 p.m. EDT on July 13, 2022. 

FOR FURTHER INFORMATION CONTACT: 

OCC: Jason Almonte, Director for 

Large Bank Licensing, Office of the 

Comptroller of the Currency, 400 7th 

Street SW, Washington, DC 20219, via 

email at jason.almonte@occ.treas.gov, or 

via telephone at (917) 344–3405. 

Federal Reserve: Colette A. Fried, 

Assistant Vice President, Federal 

Reserve Bank of Chicago, 230 South 

LaSalle Street, Chicago, Illinois 60604, 

via email at colette.a.fried@chi.frb.org, 

or via telephone at 312–322–6846, or 

Lisa Smith, Lead Examiner—Mergers 

and Acquisitions, Federal Reserve Bank 

of Chicago, 230 South LaSalle Street, 

Chicago, Illinois 60604, via email at 

lisa.a.smith@chi.frb.org, or via 


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