38906 Federal Register / Vol. 82, No. 157 / Wednesday, August 16, 2017 / Notices 

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 

mandatory Reporting Requirements 

Associated with Regulation XX 

Concentration Limit (FR XX) and 

Financial Company (as defined) Report 

of Consolidated Liabilities (FR XX–1) 

(OMB No. 7100–0363). On June 15, 

1984, the Office of Management and 

Budget (OMB) delegated to the Board 

authority under the Paperwork 

Reduction Act (PRA) to approve and 

assign OMB control numbers to 

collection of information requests and 

requirements 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. 

DATES: Comments must be submitted on 

or before October 16, 2017. 

ADDRESSES: You may submit comments, 

identified by FR XX or FR XX–1, by any 

of the following methods: 

• Agency Web site: http://

www.federalreserve.gov. Follow the 

instructions for submitting comments at 

http://www.federalreserve.gov/apps/ 

foia/proposedregs.aspx. 

• Federal eRulemaking Portal: http:// 

www.regulations.gov. Follow the 

instructions for submitting comments. 

• Email: regs.comments@

federalreserve.gov. Include OMB 

number in the subject line of the 

message. 

• FAX: (202) 452–3819 or (202) 452– 

3102. 

• Mail: Ann E. Misback, Secretary, 

Board of Governors of the Federal 

Reserve System, 20th Street and 

Constitution Avenue NW., Washington, 

DC 20551. 

All public comments are available 

from the Board’s Web site at http://

www.federalreserve.gov/apps/foia/ 

proposedregs.aspx as submitted, unless 

modified for technical reasons. 

Accordingly, your comments will not be 

edited to remove any identifying or 

contact information. Public comments 

may also be viewed electronically or in 

paper form in Room 3515, 1801 K Street 

(between 18th and 19th Streets NW.,) 

Washington, DC 20006 between 9:00 

a.m. and 5:00 p.m. on weekdays. 

Additionally, commenters may send a 

copy of their comments to the 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. 

FOR FURTHER INFORMATION CONTACT: A 

copy of the PRA OMB submission, 

including the proposed reporting form 

and instructions, supporting statement, 

and other documentation will be placed 

into OMB’s public docket files, once 

approved. These documents will also be 

made available on the Federal Reserve 

Board’s public Web site at: http://

www.federalreserve.gov/apps/ 

reportforms/review.aspx or may be 

requested from the agency clearance 

officer, whose name appears below. 

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. Telecommunications Device 

for the Deaf (TDD) users may contact 

(202) 263–4869, Board of Governors of 

the Federal Reserve System, 

Washington, DC 20551. 

SUPPLEMENTARY INFORMATION: 

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 Federal Reserve’s 

functions; including whether the 

information has practical utility; 

b. The accuracy of the Federal 

Reserve’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 Federal Reserve 

should modify the proposed revisions 

prior to giving final approval. 

Proposal To Approve Under OMB 

Delegated Authority the Extension for 

Three Years, Without Revision, of the 

Following Report 

Report title: Reporting Requirements 

Associated with Regulation XX 

Concentration Limit; Financial 

Company (as defined) Report of 

Consolidated Liabilities. 

Agency form number: FR XX; FR XX– 

1. 

OMB control number: 7100–0363. 

Frequency: Event-generated; annual. 

Respondents: Insured depository 

institutions, bank holding companies, 

foreign banking organizations, savings 

and loan holding companies, companies 

that control insured depository 

institutions, and nonbank financial 

companies supervised by the Board; 

U.S. and foreign financial companies 

that do not otherwise report 

consolidated financial information to 

the Board or other appropriate Federal 

banking agency. 

Estimated number of respondents: FR 

XX (Section 251.4(b)): 1; FR XX (Section 

251.4(c)): 1; FR XX–1: 43. 

Estimated average hours per response: 

FR XX (Section 251.4(b)): 10, FR XX 

(Section 251.4(c)): 10; FR XX–1: 2. 

Estimated annual burden hours: FR 

XX (Section 251.4(b)): 10; FR XX 

(Section 251.4(c)): 10; FR XX–1: 86 (106 

total). 

General Description of Report: The 

Board adopted Regulation XX to 

implement section 14 of the Bank 

Holding Company Act of 1956 (BHC 

Act), which was added by section 622 

of the Dodd-Frank Wall Street Reform 

and Consumer Protection Act (DoddFrank Act). Section 14 established a 

financial sector concentration limit that 

generally prohibits a financial company 

from merging or consolidating with, or 

otherwise acquiring, another company if 

the resulting company’s liabilities upon 

consummation would exceed 10 percent 

of the aggregate liabilities of all financial 

companies. Regulation XX established 

certain reporting requirements for 

financial companies. The Board created 

the FR XX–1 reporting form to collect 

information required to be submitted by 

Regulation XX. 

Legal authorization and 

confidentiality: This information 

collection is authorized by section 14 of 

the Bank Holding Company Act (12 

U.S.C. 1852(d)) and Regulation XX (12 

CFR part 251). The obligation of 

financial companies to comply with the 

consolidated liabilities reporting 


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Federal Register / Vol. 82, No. 157 / Wednesday, August 16, 2017 / Notices 38907 

requirement is mandatory. Compliance 

by financial companies with the 

transactional reporting requirements is 

required in order to obtain the benefit of 

Board consent to consummation of the 

transactions. 

Section 251.6 and FR XX–1. As noted, 

the required reporting of calendar yearend liabilities under section 251.6 of 

Regulation XX can be satisfied by many 

financial companies through their 

continued reporting of consolidated 

financial information to the Board or 

other appropriate Federal banking 

agency though the various reports listed 

above. The information collected on 

those forms has been the subject of 

separate authorization and 

confidentiality determinations. With 

regard to the collection of the specific 

information at issue, calendar year-end 

liabilities (including as collected on the 

FR XX–1), such information generally is 

not considered confidential, but some 

information, depending on the 

circumstances, may be the type of 

confidential commercial and financial 

information that may be withheld under 

exemption 4 of the Freedom of 

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

552(b)(4)). As required information, it 

may be withheld under exemption 4 on 

a case-by-case basis only if public 

disclosure could result in substantial 

competitive harm to the submitting 

institution. Any request from a 

submitter for confidential treatment 

should be accompanied by a detailed 

justification for confidentiality. 

Section 251.4. The information 

collected under section 251.4 (under 

both its prior written consent provision 

for individual transactions and the 

general consent authority) consists of (1) 

a description of the acquisition and (2) 

the change in and resultant aggregate 

amount of financial company liabilities. 

The reported liabilities information, in 

like fashion to the liabilities information 

reported under section 251.6, generally 

is not considered confidential but, 

depending on the circumstances, may 

be the type of confidential commercial 

and financial information that may be 

withheld under exemption 4 of FOIA. 

The description of the individual 

acquisitions provided under the prior 

written consent provisions generally 

would not be deemed confidential, but 

that some such information may be of 

the type that could be withheld under 

exemption 4 on a case-by-case basis, 

under the standards enumerated above. 

Board of Governors of the Federal Reserve 

System, August 11, 2017. 

Ann E. Misback, 

Secretary of the Board. 

[FR Doc. 2017–17344 Filed 8–15–17; 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 applications listed below, as well 

as other related filings required by the 

Board, are available for immediate 

inspection at the Federal Reserve Bank 

indicated. The applications will also be 

available for inspection at the offices of 

the Board of Governors. Interested 

persons may express their views in 

writing on the standards enumerated in 

the BHC Act (12 U.S.C. 1842(c)). If the 

proposal also involves the acquisition of 

a nonbanking company, the review also 

includes whether the acquisition of the 

nonbanking company complies with the 

standards in section 4 of the BHC Act 

(12 U.S.C. 1843). Unless otherwise 

noted, nonbanking activities will be 

conducted throughout the United States. 

Unless otherwise noted, comments 

regarding each of these applications 

must be received at the Reserve Bank 

indicated or the offices of the Board of 

Governors not later than September 11, 

2017. 

A. Federal Reserve Bank of 

Philadelphia (William Spaniel, Senior 

Vice President) 100 North 6th Street, 

Philadelphia, Pennsylvania 19105– 

1521. Comments can also be sent 

electronically to 

Comments.applications@phil.frb.org: 

1. Sharon Mutual Holding Company, 

and its wholly owned subsidiary Sharon 

Bancorp, Inc., both of Darby, 

Pennsylvania; to become bank holding 

companies upon the revocation by 

Sharon Savings Bank, Darby, 

Pennsylvania, of its 10(l) election. 

Board of Governors of the Federal Reserve 

System, August 11, 2017. 

Yao-Chin Chao, 

Assistant Secretary of the Board. 

[FR Doc. 2017–17317 Filed 8–15–17; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL TRADE COMMISSION 

Agency Information Collection 

Activities; Proposed Collection; 

Comment Request 

AGENCY: Federal Trade Commission 

(‘‘FTC’’ or ‘‘Commission’’). 

ACTION: Notice. 

SUMMARY: The information collection 

requirements described below will be 

submitted to the Office of Management 

and Budget (OMB) for review, as 

required by the Paperwork Reduction 

Act (PRA). The FTC seeks public 

comments on its proposal to extend, for 

three years, the current PRA clearance 

for information collection requirements 

contained in its Use of Prenotification 

Negative Option Plans (‘‘Negative 

Option Rule’’ or ‘‘Rule’’). That clearance 

expires on November 30, 2017. 

DATES: Comments must be submitted by 

October 16, 2017. 

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 ‘‘Negative Option Rule: 

FTC File No. P064202’’ on your 

comment, and file your comment online 

at https://ftcpublic.commentworks.com/ 

ftc/NegOptionPRA by following the 

instructions on the Web-based 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: 

Requests for additional information 

should be addressed to John Andrew 

Singer, Attorney, Division of 

Enforcement, Bureau of Consumer 

Protection, Federal Trade Commission, 

600 Pennsylvania Avenue NW., CC– 

9528, Washington, DC 20580, (202) 326– 

3234. 

SUPPLEMENTARY INFORMATION: Under the 

PRA, 44 U.S.C. 3501–3521, federal 

agencies must obtain approval from 


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