2932 Federal Register / Vol. 80, No. 13 / Wednesday, January 21, 2015 / Notices 

Estimated Time per Response: 64 

hours (24 hours, reporting); 40 hours 

(recordkeeping); 30 minutes 

(application). 

Frequency of Response: On occasion. 

Estimated Total Annual Burden: 

12,160 hours (recordkeeping/reporting); 

10 hours (application). 

Total Annual Burden: 12,170 hours. 

General Description of Collection: 

This collection consists of reporting and 

recordkeeping requirements for 

qualified financial contracts (QFCs) held 

by insured depository institutions in 

troubled condition. 

Request for Comment 

Comments are invited on: (a) Whether 

the collection of information is 

necessary for the proper performance of 

the FDIC’s functions, including whether 

the information has practical utility; (b) 

the accuracy of the estimates 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; and (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. 

All comments will become a matter of 

public record. 

Dated at Washington, DC, this 15th day of 

January 2015. 

Federal Deposit Insurance Corporation. 

Robert E. Feldman, 

Executive Secretary. 

[FR Doc. 2015–00868 Filed 1–20–15; 8:45 am] 

BILLING CODE 6714–01–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: Notice is hereby given of the 

final approval of proposed information 

collections by the Board of Governors of 

the Federal Reserve System (Board) 

under OMB delegated authority, as per 

5 CFR 1320.16 (OMB Regulations on 

Controlling Paperwork Burdens on the 

Public). Board-approved collections of 

information are incorporated into the 

official OMB inventory of currently 

approved collections of information. 

Copies of the Paperwork Reduction Act 

Submission, supporting statements and 

approved collection of information 

instrument(s) are placed into OMB’s 

public docket files. The Federal Reserve 

may not conduct or sponsor, and the 

respondent is not required to respond 

to, an information collection that has 

been extended, revised, or implemented 

on or after October 1, 1995, unless it 

displays a currently valid OMB control 

number. 

FOR FURTHER INFORMATION CONTACT: 

Federal Reserve Board Acting Clearance 

Officer—John Schmidt—Office of the 

Chief Data Officer, Board of Governors 

of the Federal Reserve System, 

Washington, DC 20551 (202) 452–3829. 

Telecommunications Device for the Deaf 

(TDD) users may contact (202) 263– 

4869, Board of Governors of the Federal 

Reserve System, Washington, DC 20551. 

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. 

Final approval under OMB delegated 

authority of the extension for three 

years, without revision, of the following 

information collections: 

1. Report title: Applications for 

Subscription to, Adjustment in the 

Holding of, and Cancellation of Federal 

Reserve Bank Stock. 

Agency form number: FR 2030, FR 

2030a, FR 2056, FR 2086, FR 2086a, FR 

2087. 

OMB control number: 7100–0042. 

Frequency: On occasion. 

Reporters: National, State Member, 

and Nonmember banks. 

Estimated annual reporting hours: FR 

2030: 2 hours; FR 2030a: 1 hour; FR 

2056: 667 hours; FR 2086: 23 hours; FR 

2086a: 40 hours; FR 2087: 1 hour. 

Estimated average hours per response: 

.5 hours. 

Number of respondents: FR 2030: 4; 

FR 2030a: 2; FR 2056: 1,333; FR 2086: 

45; FR 2086a: 79; FR 2087: 1. 

General description of report: These 

information collections are mandatory. 

• FR 2030 and FR 2030a: Section 2 of 

the Federal Reserve Act [12 U.S.C. 222 

and 282] and Sections 9 and 11(a) of the 

Federal Reserve Act [12 U.S.C. 248(a) 

and 321]; 

• FR 2056: Section 5 of the Federal 

Reserve Act [12 U.S.C. 287] and 

Sections 11(a) and (i) of the Federal 

Reserve Act [12 U.S.C. 248(a) and (i)]; 

• FR 2086: Section 5 of the Federal 

Reserve Act [12 U.S.C. 287] and 

Sections 11(a) and (i) of the Federal 

Reserve Act [12 U.S.C. 248(a) and (i)]; 

• FR 2086a: Section 9 of the Federal 

Reserve Act [12 U.S.C. 321], Section 5 

of the Federal Reserve Act [12 U.S.C. 

287], and Section 11(a) of the Federal 

Reserve Act [12 U.S.C. 248(a)]; and 

• FR 2087: Section 6 of the Federal 

Reserve Act [12 U.S.C. 288] and 

Sections 11(a) and (i) of the Federal 

Reserve Act [12 U.S.C. 248 (a) and (i)]. 

The information solicited in these 

application forms is not considered 

confidential, but applicants may request 

that parts of the forms be kept 

confidential. Any request for 

confidential treatment of information 

must be accompanied by a detailed 

justification for confidentiality. For 

example, a justification for confidential 

treatment of business information under 

exemption 4 of the Freedom of 

Information Act (FOIA), 5 U.S.C. 

552(b)(4), should demonstrate that 

substantial harm would result from 

public release of the information. 

Submissions of these forms may also be 

exempt under exemption 6 of FOIA, 5. 

U.S.C. 552(b)(6), if a submitter identifies 

information of a personal nature the 

disclosure of which would result in a 

clearly unwarranted invasion of 

personal privacy. Additionally, 

exemption 8 of FOIA, 5 U.S.C. 552(b)(8) 

may apply to the extent the reported 

information is contained in or related to 

examination reports. Each request for 

confidentiality that is received by a 

submitter of these forms will need to be 

reviewed on a case-by-case basis. 

Abstract: These application forms are 

required by the Federal Reserve Act and 

Regulation I. These forms must be used 

by a new or existing member bank 

(including a national bank) to request 

the issuance, and adjustment in, or 

cancellation of Federal Reserve Bank 

stock. The forms must contain certain 

certifications by the applicants, as well 

as certain other financial and 

shareholder data that is needed by the 

Federal Reserve to process the request. 

Current Actions: On October 17, 2014, 

the Federal Reserve published a notice 

in the Federal Register (79 FR 62442) 

requesting public comment for 60 days 

on the extension, without revision, of 

this information collection. The 

comment period for this notice expired 

on December 16, 2014. The Federal 

Reserve did not receive any comments. 

The information collection will be 

extended for three years, without 

revision, as proposed. 

2. Report title: Application for 

Membership in the Federal Reserve 

System. 

Agency form number: FR 2083, 

2083A, 2083B, and 2083C. 

OMB control number: 7100–0046. 

Frequency: On occasion. 

Reporters: Newly organized banks 

that seek to become state member banks, 

or existing banks or savings institutions 

that seek to convert to state member 

bank status. 


asabaliauskas on DSK5VPTVN1PROD with NOTICES
Federal Register / Vol. 80, No. 13 / Wednesday, January 21, 2015 / Notices 2933 

Estimated annual reporting hours: 

184 hours. 

Estimated average hours per response: 

4 hours. 

Number of respondents: 46. 

General description of report: This 

information collection is mandatory 

(Section 9 of the Federal Reserve Act [12 

U.S.C. 321, 322, and 333]). The 

information solicited in this application 

form is not considered confidential, but 

applicants may request that parts of the 

form be kept confidential. Any request 

for confidential treatment of information 

must be accompanied by a detailed 

justification for confidentiality. For 

example, a justification for confidential 

treatment of business information under 

exemption 4 of the Freedom of 

Information Act (FOIA), 5 U.S.C. 

552(b)(4), should demonstrate that 

substantial harm would result from 

public release of the information. 

Submissions of this form may also be 

exempt under exemption 6 of FOIA, 5. 

U.S.C. 552(b)(6), if a submitter identifies 

information of a personal nature the 

disclosure of which would result in a 

clearly unwarranted invasion of 

personal privacy. Additionally, 

exemption 8 of FOIA, 5 U.S.C. 552(b)(8) 

may apply to the extent the reported 

information is contained in or related to 

examination reports. Each request for 

confidentiality that is received by a 

submitter of this form will need to be 

reviewed on a case-by-case basis. 

Abstract: The application for 

membership is a required one-time 

submission that collects the information 

necessary for the Federal Reserve to 

evaluate the statutory criteria for 

admission of a new or existing state 

bank into membership in the Federal 

Reserve System. The application 

collects managerial, financial, and 

structural data. 

Current Actions: On October 17, 2014, 

the Federal Reserve published a notice 

in the Federal Register (79 FR 62442) 

requesting public comment for 60 days 

on the extension, without revision, of 

this information collection. The 

comment period for this notice expired 

on December 16, 2014. The Federal 

Reserve did not receive any comments. 

The information collection will be 

extended for three years, without 

revision, as proposed. 

3. Report titles: Registration Statement 

for Persons Who Extend Credit Secured 

by Margin Stock (Other Than Banks, 

Brokers, or Dealers); Deregistration 

Statement for Persons Registered 

Pursuant to Regulation U; Statement of 

Purpose for an Extension of Credit 

Secured by Margin Stock by a Person 

Subject to Registration under Regulation 

U; Annual Report; Statement of Purpose 

for an Extension of Credit by a Creditor; 

and Statement of Purpose for an 

Extension of Credit Secured by Margin 

Stock. 

Agency form numbers: FR G–1, FR G– 

2, FR G–3, FR G–4, FR T–4, FR U–1. 

OMB control numbers: 7100–0011: FR 

G–1, FR G–2, FR G–4; 7100–0018: FR G– 

3; 7100–0019: FR T–4; 7100–0115: FR 

U–1. 

Frequency: FR G–1, FR G–2, FR G–3, 

FR T–4, and FR U–1: on occasion; FR 

G–4: annual. 

Reporters: Individuals and businesses. 

Estimated annual reporting hours: 

245 hours. 

Estimated average hours per response: 

FR G–1: 2.5 hours; FR G–2: 15 minutes; 

FR G–3: 10 minutes; FR G–4: 2.0 hours; 

FR T–4: 10 minutes; FR U–1: 10 

minutes. 

Number of respondents: FR G–1: 52; 

FR G–2: 25; FR G–3: 6; FR G–4: 12; FR 

T–4: 4; FR U–1: 4. 

General description of reports: This 

information collection is mandatory (15 

U.S.C. 78g). In addition, the FR T–4 is 

required by Section 220.6 of Regulation 

T (12 CFR 220.6), the FR U–1 is required 

by Sections 221.3(c)(1)(i) and (2)(i) of 

Regulation U (12 CFR 221.3(c)(1)(i) and 

(2)(i)), and the FR G–1, G–2, G–3, and 

G–4 are required by Sections 

221.3(b)(1), (2), and (3), and (c)(1)(ii) 

and (2)(ii) of Regulation U (12 CFR 

221.3(b)(1), (2), and (3), and (c)(1)(ii) 

and (2)(ii)). 

The FR G–1 and FR G–4 collect 

financial information, including a 

balance sheet, from nonbank lenders 

subject to Regulation U. Some of these 

lenders may be individuals or nonbank 

entities that do not make this 

information publicly available; release 

could therefore cause substantial harm 

to the competitive position of the 

respondent or result in an unwarranted 

invasion of personal privacy. In those 

cases, the information could be 

withheld under Exemption 4 or 

Exemption 6 of FOIA, 5 U.S.C. 552(b)(4) 

and (6), respectively. Confidentiality 

determinations must be made on a case 

by case basis. Because the FR T–4, FR 

U–1, and FR G–3 are not submitted to 

the Federal Reserve System, and the FR 

G–2 does not contain any information 

considered to be confidential, no 

confidentiality determination is 

necessary for these reports. 

Abstract: The Securities Exchange Act 

of 1934 authorizes the Federal Reserve 

to regulate securities credit extended by 

brokers and dealers, banks, and other 

lenders. The purpose statements, FR T– 

4, FR U–1, and FR G–3, are 

recordkeeping requirements for brokers 

and dealers, banks, and other lenders, 

respectively, to document the purpose 

of their loans secured by margin stock. 

Margin stock is defined as (1) stocks that 

are registered on a national securities 

exchange or any over-the-counter 

security designated for trading in the 

National Market System, (2) debt 

securities (bonds) that are convertible 

into margin stock, and (3) shares of most 

mutual funds. Lenders other than 

brokers and dealers and banks must 

register and deregister with the Federal 

Reserve using the FR G–1 and FR G–2, 

respectively, and they must file an 

annual report (FR G–4) while registered. 

The Federal Reserve uses the data to 

identify lenders subject to Regulation U, 

to verify their compliance with the 

regulation, and to monitor margin 

credit. 

Current Actions: On October 17, 2014, 

the Federal Reserve published a notice 

in the Federal Register (79 FR 62442) 

requesting public comment for 60 days 

on the extension, without revision, of 

these information collections. The 

comment period for this notice expired 

on December 16, 2014. The Federal 

Reserve received one comment letter 

from a banker. The commenter 

recommended revising the FR U–1 

report to remove the attestation 

requirement in Part III when the 

response to Question #2 of Part I ‘‘Will 

any part of this credit be used to 

purchase or carry margin stock?’’ is 

‘‘No’’. The Federal Reserve believes the 

commenter misunderstands Question #2 

of Part I, which asks the purpose of the 

loan, not whether the loan is secured by 

margin stock. A completed and signed 

FR U–1 is only required when the loan 

is secured, directly or indirectly, by 

margin stock. The Federal Reserve will 

extend the information collections for 

three years, without revision, as 

proposed. 

Board of Governors of the Federal Reserve 

System, January 15, 2015. 

Robert deV. Frierson, 

Secretary of the Board. 

[FR Doc. 2015–00859 Filed 1–20–15; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL RESERVE SYSTEM 

Change in Bank Control Notices; 

Acquisitions of Shares of a Bank or 

Bank Holding Company 

The notificants listed below have 

applied under the Change in Bank 

Control Act (12 U.S.C. 1817(j)) and 

§ 225.41 of the Board’s Regulation Y (12 

CFR 225.41) to acquire shares of a bank 

or bank holding company. The factors 

that are considered in acting on the 

notices are set forth in paragraph 7 of 

the Act (12 U.S.C. 1817(j)(7)). 


asabaliauskas on DSK5VPTVN1PROD with NOTICES