40236 Federal Register / Vol. 87, No. 128 / Wednesday, July 6, 2022 / Notices 

1Covered SLHCs are those that are not 

substantially engaged in insurance or commercial 

activities. See 12 CFR 217.2. 

2See 12 CFR 217.402. 

3Public Law 111–203 (2010); 12 U.S.C. 5365. 

4 12 U.S.C. 5363; 5365. 

5 12 U.S.C. 5365(a)(2)(C). The Board is required to 

establish prudential standards for BHCs with assets 

equal to or greater than $250 billion and nonbank 

financial companies supervised by the Board that 

(A) are more stringent than the standards and 

requirements applicable to nonbank financial 

companies and bank holding companies that do not 

present similar risks to the financial stability of the 

United States; and (B) increase in stringency based 

on the considerations enumerated in section 

165(b)(3). 12 U.S.C. 5365(a)(1). 

6 12 U.S.C. 3106(a). Section 8(a)provides that 

certain foreign banks with U.S. operations will be 

treated as BHCs for purposes of the Bank Holding 

Company Act (BHC Act), and sections 163 and 165 

of the Dodd-Frank Act amend the BHC Act. 

7 12 U.S.C. 5365(b)(1)(B) and (f). 

8 12 U.S.C. 1844. 

9 12 U.S.C. 1467a(b)(2); 1467a(g). 

10 12 U.S.C. 3106(a); 3108(a). 

11Several data items in the FR Y–15 are retrieved 

from the FR Y–9C and other items may be retrieved 

from the FFIEC 101. Confidential treatment will 

also extend to any automatically calculated items 

on the FR Y–15 that have been derived from 

confidential data items and that, if released, would 

reveal the underlying confidential data. 

12 5 U.S.C. 552(b)(4). 

13 5 U.S.C. 552(b)(8). 

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: Systemic Risk Report. 

Collection identifier: FR Y–15. 

OMB control number: 7100–0352. 

Frequency: Quarterly. 

Respondents: The FR Y–15 panel is 

comprised of top-tier U.S. bank holding 

companies (BHCs) and covered savings 

and loan holding companies (SLHCs) 

with $100 billion or more in total 

consolidated assets,1 foreign banking 

organizations (FBOs) with $100 billion 

or more in total combined U.S. assets, 

and any U.S. BHC designated as a global 

systemically important bank (GSIB) 

based on its method 1 score calculated 

under 12 CFR 217.404 as of December 

31 of the previous calendar year.2

Estimated number of respondents: 52. 

Estimated average hours per response: 

Reporting, 404; Recordkeeping, 1. 

Estimated annual burden hours: 

Reporting, 84,032; Recordkeeping, 208. 

General description of collection: The 

FR Y–15 quarterly report collects 

systemic risk data from the respondents 

listed above. The Board uses the FR Y– 

15 data to monitor, on an ongoing basis, 

the systemic risk profile of certain 

financial institutions that are subject to 

enhanced prudential standards under 

section 165 of the Dodd-Frank Wall 

Street Reform and Consumer Protection 

Act (Dodd-Frank Act).3 In addition, the 

FR Y–15 is used to (i) facilitate the 

implementation of the surcharge for 

GSIBs, (ii) identify other financial 

institutions which may present 

significant systemic risk, and (iii) 

analyze the systemic risk implications 

of proposed mergers and acquisitions. 

Legal authorization and 

confidentiality: Sections 163 and 165 of 

the Dodd-Frank Act, as amended by the 

Economic Growth, Regulatory Relief, 

and Consumer Protection Act, authorize 

the Board to consider risk to U.S. 

financial stability in regulating and 

examining BHCs with $100 billion or 

more in consolidated assets and 

nonbank financial companies that are 

under the Board’s supervision.4 The 

Board is further authorized to impose 

prudential standards for such entities 

and to differentiate among companies 

on an individual basis or by category, 

taking into consideration their capital 

structure, complexity, financial 

activities, size, and any other riskrelated factors that the Board deems 

appropriate.5 This authorization also 

covers certain foreign banks with U.S. 

operations under the International 

Banking Act (IBA).6 Sections 

165(b)(1)(B) and 165(f) of the DoddFrank Act authorize the Board to 

establish enhanced public disclosures 

for companies subject to prudential 

standards under section 165.7

In addition, the reporting 

requirements associated with the FR Y– 

15 are authorized for BHCs pursuant to 

section 5 of the BHC Act; 8 for SLHCs 

pursuant to sections 10(b)(2) and 10(g) 

of the Home Owners’ Loan Act; 9 and for 

IHCs pursuant to section 5 of the BHC 

Act and sections 8(a) and 13(a) of the 

IBA.10

The FR Y–15 report is mandatory. 

Most information provided on the FR 

Y–15 is made public unless a reporting 

entity submits a specific request for 

confidentiality, either on the FR Y–15 or 

on the form from which the data item 

is obtained.11 Such information may be 

kept confidential under exemption 4 of 

the Freedom of Information Act (FOIA) 

if the submitter substantiates that it is 

confidential commercial or financial 

information that is both customarily and 

actually treated as private.12 In addition, 

items 1 through 4 of Schedule G, which 

contain sensitive information regarding 

the reporting entity’s liquidity position, 

may be accorded confidential treatment 

under exemption 4 until the first 

reporting date after the final liquidity 

coverage ratio disclosure standard has 

been implemented. Information 

collected on the FR Y–15 may also be 

considered confidential under FOIA 

exemption 8 if it is obtained as part of 

an examination or supervision of a 

financial institution.13

Board of Governors of the Federal Reserve 

System, June 30, 2022. 

Michele Taylor Fennell, 

Deputy Associate Secretary of the Board. 

[FR Doc. 2022–14374 Filed 7–5–22; 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, with revision, the Transfer 

Agent Registration and Amendment 

Form and Transfer Agent Deregistration 

Form (Form TA–1 and Form TA–W); 

OMB No. 7100–0099). 

DATES: Comments must be submitted on 

or before September 6, 2022. 

ADDRESSES: You may submit comments, 

identified by Form TA–1 or Form TA– 

W, 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 


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Federal Register / Vol. 87, No. 128 / Wednesday, July 6, 2022 / Notices 40237 

1Transfer agents are persons that provide 

securities transfer, registration, monitoring, and 

other specified services on behalf of securities 

issuers. See 15 U.S.C. 78c(25) (defining ‘‘transfer 

agent’’). 

2 15 U.S.C. 78q–1(c) (requiring all transfer agents 

for securities registered under section 12 of the 

Exchange Act to register with the ARA by filing ‘‘an 

application for registration in such form and 

containing such information’’ as the ARA may 

prescribe). 

3 12 U.S.C. 78b, 78q(a)(3) and 78w(a) (authorizing 

the Board to promulgate regulations and establish 

recordkeeping and reporting requirements with 

respect to Board-registered Transfer Agents). 

4 12 U.S.C. 248(a) and 324. 

5 12 U.S.C. 1844(c). 

6 12 U.S.C. 1467a(b) and (g). 

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, 

With Revision, the Following 

Information Collection 

Collection title: Transfer Agent 

Registration and Amendment Form and 

Transfer Agent Deregistration Form. 

Collection identifier: Form TA–1 and 

Form TA–W. 

OMB control number: 7100–0099. 

Frequency: As needed. 

Respondents: The respondent panel 

for this collection of information 

consists of current and former transfer 

agents that are a state member bank 

(SMB) or a subsidiary thereof, a bank 

holding company (BHC), a savings and 

loan holding company (SLHC), or a 

subsidiary of a BHC that is a bank 

within the meaning of the Securities 

Exchange Act of 1934 (Exchange Act) 

and that is not required to register with 

the Office of the Comptroller of the 

Currency (OCC) or the Federal Deposit 

Insurance Corporation (FDIC). 

Estimated number of respondents: 

Registrations, 1; Amendments, 1; 

Deregistrations, 1. 

Estimated average hours per response: 

Registrations, 1.25; Amendments, 0.16; 

Deregistrations, 0.5. 

Estimated annual burden hours: 

Registrations, 1; Amendments, 0.16; 

Deregistrations, 1. 

General description of collection: The 

Exchange Act requires any person acting 

as a transfer agent 1 to register as such 

with the appropriate regulatory agency 

(ARA). The Board is the ARA for 

transfer agents listed in the respondents 

section above. Transfer agents for which 

the Board is the ARA must register with 

the Board using Form TA–1. 

Additionally, registered transfer agents 

for which the Board is their ARA may 

deregister by submitting Form TA–W. 

Proposed revisions: The Board 

proposes to utilize its own Form TA–W 

for respondents to deregister rather than 

asking respondents to use a Securities 

and Exchange Commission (SEC) form 

or submit a separate letter, as has been 

done in the past. This would allow the 

Board to have its OMB control number 

on the form and make changes in the 

future if necessary. The draft Form TA– 

W asks the same type of information 

that is on the SEC deregistration form. 

Legal authorization and 

confidentiality: This information 

collection is authorized under section 

17A(c) of the Exchange Act.2 The 

collection is also authorized under 

sections 2, 17(a)(3), and 23(a) of the 

Exchange Act 3 and under the Board’s 

general authority to require reports from 

SMBs,4 BHCs,5 and SLHCs.6 The 

collection is mandatory for transfer 

agents for which the Board is the ARA. 

Information collected on the forms is 

available to the public upon request and 

is not considered confidential. 

Consultation outside the agency: The 

SEC, Board, FDIC, and OCC jointly 

developed the Form TA–1 and 

associated instructions, and the Board 

has consulted with the FDIC and OCC 

to determine whether revisions to that 

form are necessary. 


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40238 Federal Register / Vol. 87, No. 128 / Wednesday, July 6, 2022 / Notices 

1 12 U.S.C. 1844(b) and (c). 

2Public Law 111–203, 124 Stat. 1376 (2010). 3 5 U.S.C. 552(b)(4). 

Board of Governors of the Federal Reserve 

System, June 30, 2022. 

Michele Taylor Fennell, 

Deputy Associate Secretary of the Board. 

[FR Doc. 2022–14364 Filed 7–5–22; 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, without revision, the Notice of 

Proposed Stock Redemption (FR 4008; 

OMB No. 7100–0131). 

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 

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. 

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. 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 

Collection title: Notice of Proposed 

Stock Redemption. 

Collection identifier: FR 4008. 

OMB control number: 7100–0131. 

Frequency: On occasion. 

Respondents: Bank holding 

companies (BHCs). 

Estimated number of respondents: 6. 

Estimated average hours per response: 

15.5. 

Estimated annual burden hours: 93. 

General description of collection: The 

Bank Holding Company Act of 1956 

(BHC Act) and Board’s Regulation Y— 

Bank Holding Companies and Change in 

Bank Control (12 CFR 225) require a 

BHC to seek the prior approval of the 

Board before purchasing or redeeming 

its equity securities in certain 

circumstances. Due to the limited 

information that a BHC must provide in 

connection with any such request, there 

is no required reporting form (the FR 

4008 designation is for internal 

purposes only), and each request for 

prior approval is generally filed 30 days 

before the proposed stock purchase or 

redemption as a notification with the 

Reserve Bank that has direct supervisory 

responsibility for the requesting BHC. 

The Federal Reserve uses the 

information provided in the redemption 

notices to supervise BHCs. 

Legal authorization and 

confidentiality: The FR 4008 is 

authorized pursuant to sections 5(b) and 

(c) of the BHC Act.1 Section 5(b) of the 

BHC Act, as amended by section 616 of 

the Dodd-Frank Wall Street Reform and 

Consumer Protection Act,2 authorizes 

the Board to ‘‘issue such regulations and 

orders, including regulations and orders 

relating to the capital requirements for 

bank holding companies, as may be 

necessary to enable it to administer and 

carry out the purposes of this chapter 

and prevent evasions thereof.’’ Section 

5(c) of the BHC Act generally authorizes 

the Board to, among other things, 

require reports from BHCs on a range of 

issues. The FR 4008 is required for 

certain BHCs to obtain the benefit of 

being able to purchase or redeem their 

equity securities. 

Individual respondents may request 

that data submitted be kept confidential. 

If a respondent requests confidential 

treatment, the Board will determine 

whether the information is entitled to 

confidential treatment on an ad hoc 

basis. Requests may include information 

related to the BHC’s business 

operations, such as terms and sources of 

the funding for the redemption and pro 

forma balance sheets. To the extent that 

this information constitutes nonpublic 

commercial or financial information, 

which is both customarily and actually 

treated as private by the respondent, it 

may be kept confidential under 

exemption 4 of the Freedom of 

Information Act, which exempts ‘‘trade 

secrets and commercial or financial 

information obtained from a person 

[that is] privileged or confidential.’’ 3

Current actions: On March 2, 2022, 

the Board published a notice in the 

Federal Register (87 FR 11706) 

requesting public comment for 60 days 

on the extension, without revision, of 

the FR 4008. The comment period for 

this notice expired on May 2, 2022. The 

Board did not receive any comments. 

Board of Governors of the Federal Reserve 

System, June 30, 2022. 

Michele Taylor Fennell, 

Deputy Associate Secretary of the Board. 

[FR Doc. 2022–14376 Filed 7–5–22; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL RESERVE SYSTEM 

Notice of Proposals To Engage in or 

To Acquire Companies Engaged in 

Permissible Nonbanking Activities 

The companies listed in this notice 

have given notice under section 4 of the 

Bank Holding Company Act (12 U.S.C. 

1843) (BHC Act) and Regulation Y, (12 

CFR part 225) to engage de novo, or to 

acquire or control voting securities or 

assets of a company, including the 

companies listed below, that engages 

either directly or through a subsidiary or 

other company, in a nonbanking activity 

that is listed in § 225.28 of Regulation Y 

(12 CFR 225.28) or that the Board has 

determined by Order to be closely 

related to banking and permissible for 

bank holding companies. Unless 

otherwise noted, these activities will be 

conducted throughout the United States. 

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 

question whether the proposal complies 

with the standards of section 4 of the 

BHC Act. 

Unless otherwise noted, comments 

regarding the applications must be 

received at the Reserve Bank indicated 

or the offices of the Board of Governors, 


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