Federal Register / Vol. 86, No. 109 / Wednesday, June 9, 2021 / Notices 30605 

1The term ‘‘office’’ means any branch, agency, or 

representative office, or a commercial lending 

company subsidiary. 

2 12 U.S.C. 3105, 3107, and 3108. 

3 5 U.S.C. 552(b)(4). 

4 5 U.S.C. 552(b)(6). 5 5 U.S.C. 552(b)(8). 

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

2 12 U.S.C. 1842(c). 

Final Approval Under OMB Delegated 

Authority of the Extension for Three 

Years, Without Revision, of the 

Following Information Collection 

Report title: The International 

Applications and Prior Notifications 

under Subpart B of Regulation K. 

Agency form number: FR K–2. 

OMB control number: 7100–0284. 

Frequency: On occasion. 

Respondents: Foreign banks. 

Estimated number of respondents: 13. 

Estimated average hours per response: 

Reporting: 35; Disclosure: 1. 

Estimated annual burden hours: 

Reporting: 455; Disclosure: 13. 

General description of report: Under 

the International Banking Act of 1978 

(IBA), foreign banks are required to 

obtain the prior approval of the Board 

to establish a branch, agency, or 

representative office; to establish or 

acquire ownership or control of a 

commercial lending company in the 

United States; or to change the status of 

an agency or limited branch to a branch 

in the United States. The Board uses the 

information from the FR K–2 in 

connection with these applications and 

to supervise foreign banks with offices 1

in the United States. 

Legal authorization and 

confidentiality: The FR K–2 is 

authorized pursuant to sections 7, 10, 

and 13 of the International Banking 

Act.2 The applications and notifications 

comprising FR K–2 are required to 

obtain a benefit. 

The Board does not routinely publicly 

release information collected through 

the FR K–2. To the extent a respondent 

submits nonpublic commercial or 

financial information in connection 

with the FR K–2, 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).3 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.4 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.5

Current actions: On March 8, 2021, 

the Board published an initial notice in 

the Federal Register (86 FR 13383) 

requesting public comment for 60 days 

on the extension, without revision, of 

the FR K–2. The comment period for 

this notice expired on May 7, 2021. The 

Board did not receive any comments. 

The Board will adopt the extension, 

without revision of the FR K–2 as 

originally proposed. 

Board of Governors of the Federal Reserve 

System, June 4, 2021. 

Ann Misback, 

Secretary of the Board. 

[FR Doc. 2021–12088 Filed 6–8–21; 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, without revision, the Application 

for a Foreign Organization to Acquire a 

U.S. Bank or Bank Holding Company 

(FR Y–3F; OMB No. 7100–0119). 

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: Application for a Foreign 

Organization to Acquire a U.S. Bank or 

Bank Holding Company. 

Agency form number: FR Y–3F. 

OMB control number: 7100–0119. 

Frequency: On occasion. 

Respondents: Any company organized 

under the laws of a foreign country that 

seeks to acquire a U.S. bank or bank 

holding company. 

Estimated number of respondents: 6. 

Estimated average hours per response: 

Reporting: Initial application: 90; 

Subsequent application: 70; Disclosure: 

1. 

Estimated annual burden hours: 

Reporting: Initial application: 90; 

Subsequent application: 350; 

Disclosure: 6. 

General description of report: Under 

the Bank Holding Company Act (BHC 

Act), any company, including a 

company organized under the laws of a 

foreign country, that seeks to acquire a 

U.S. bank or bank holding company 

must receive prior approval from the 

Board to do so. The Federal Reserve 

uses the information collected by the FR 

Y–3F to determine whether to approve 

the application and, subsequently, to 

carry out its supervisory responsibilities 

with respect to the foreign banking 

organization’s operations in the United 

States. 

Legal authorization and 

confidentiality: Section 3(a) of the BHC 

Act 1 requires prior approval by the 

Board for any company, including a 

foreign company, to acquire a U.S. bank 

or bank holding company, and section 

3(c) of the BHC Act 2 sets forth the 

factors that the Board must consider in 

approving such an application. Sections 


lotter on DSK11XQN23PROD with NOTICES1
30606 Federal Register / Vol. 86, No. 109 / Wednesday, June 9, 2021 / Notices 

3 12 U.S.C. 1844(a)–(c). 

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

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

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

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

2 12 U.S.C. 602 and 625. 

3 5 U.S.C. 552(b)(8). 

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

5(a) through 5(c) of the BHC Act 3

authorize the Board to require the 

registration of bank holding companies, 

issue regulations and orders to carry out 

its supervisory responsibilities 

thereunder, and examine and require 

reports to be submitted by bank holding 

companies, respectively. Together, these 

sections of the BHC Act provide the 

legal authorization for the FR Y–3F. The 

FR Y–3F is required to obtain a benefit. 

To the extent a respondent submits 

nonpublic commercial or financial 

information in connection with the FR 

Y–3F, 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 treated as 

confidential pursuant to exemption 8 of 

the FOIA.6

Current actions: On March 8, 2021, 

the Board published an initial notice in 

the Federal Register (86 FR 13381) 

requesting public comment for 60 days 

on the extension, without revision, of 

the FR Y–3F. The comment period for 

this notice expired on May 7, 2021. The 

Board did not receive any comments. 

The Board will adopt the extension, 

without revision of the FR K–2 as 

originally proposed. 

Board of Governors of the Federal Reserve 

System, June 4, 2021. 

Ann Misback, 

Secretary of the Board. 

[FR Doc. 2021–12089 Filed 6–8–21; 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, without revision, the 

Recordkeeping Requirements 

Associated with Changes in Foreign 

Investments (Made Pursuant to 

Regulation K) (FR 2064; OMB No. 7100– 

0109). 

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: Recordkeeping 

Requirements Associated with Changes 

in Foreign Investments (Made Pursuant 

to Regulation K). 

Agency form number: FR 2064. 

OMB control number: 7100–0109. 

Frequency: On occasion. 

Respondents: Internationally active 

U.S. banking organizations (member 

banks, Edge Act and agreement 

corporations, and bank holding 

companies). 

Estimated number of respondents: 20. 

Estimated average hours per response: 

2. 

Estimated annual burden hours: 160. 

General description of report: This 

collection concerns internal records that 

internationally active U.S. banking 

organizations (such as internationally 

active member banks, Edge Act and 

agreement corporations, and bank 

holding companies) should maintain to 

demonstrate compliance with the 

investment provisions contained in 

Subpart A of Regulation K— 

International Banking Operations. 

Legal authorization and 

confidentiality: The FR 2064 is 

authorized pursuant to section 5(c) of 

the Bank Holding Company Act; 1 and 

sections 25(7) and 25A(17) of the 

Federal Reserve Act.2 The institutions’ 

obligation to retain the records is 

mandatory. 

The records related to the FR 2064 are 

retained at banking organizations. 

However, 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 Freedom 

of Information Act (FOIA), which 

protects information contained in 

‘‘examination, operating, or condition 

reports’’ obtained in the bank 

supervisory process.3 Additionally, to 

the extent that such information 

obtained by the Board constitutes 

nonpublic commercial or financial 

information, which is both customarily 

and actually treated as private by the 

financial institution, the financial 

institution may request confidential 

treatment pursuant to exemption 4 of 

the FOIA.4

Current actions: On February 17, 

2021, the Board published an initial 

notice in the Federal Register (86 FR 

9938) requesting public comment for 60 

days on the extension, without revision, 

of the FR 2064. The comment period for 

this notice expired on April 19, 2021. 

The Board did not receive any 

comments. The Board will adopt the 

extension, without revision, of the FR 

2064 as originally proposed. 


lotter on DSK11XQN23PROD with NOTICES1