Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company
| Published date | 21 April 2021 |
| Citation | 86 FR 20698 |
| Record Number | 2021-08205 |
| Section | Notices |
| Court | Federal Reserve System |
20698
Federal Register / Vol. 86, No. 75 / Wednesday, April 21, 2021 / Notices
1
‘‘Frequently Asked Questions About Small
Business’’, SBA fact sheet, https://www.sba.gov/
sites/default/files/advocacy/Frequently-Asked-
Questions-Small-Business-2018.pdf (2018).
2
‘‘Small Business Credit Survey: Report on
Employer Firms’’, Federal Reserve report, https://
www.fedsmallbusiness.org/survey/2018/report-on-
employer-firms (2017).
3
‘‘Measurement of Small Business Lending Using
Call Reports: Further Insights From the Small
Business Lending Survey’’, FDIC staff study,
https://www.fdic.gov/bank/analytical/cfr/staff-
studies/2020-04.pdf (2020).
1. Title: Small Business Lending
Survey.
OMB Number: 3064–0203.
Affected Public: FDIC-insured
depository institutions.
Obligation to Respond: Voluntary.
Burden Estimate:
Estimated No. of Respondents: 2,000.
Estimated Time per Response: 4
hours.
Frequency of Response: One time.
Total Estimated Annual Burden:
8,000 hours.
General Description of Collection:
Small businesses are important to the
U.S. economy and banks are important
to U.S. small businesses. According to
the Small Business Administration, in
2015, small businesses comprised 99.9
percent of all U.S. firms, and almost half
(47.5 percent) of private-sector
employment. Additionally, from 2000 to
2017, small businesses accounted for
65.9 percent of net new job creation.
1
Given their size and the relative costs of
verifying their financial conditions,
many small businesses have little or no
direct access to capital markets and thus
are reliant on bank financing. Indeed, in
their 2017 survey of small businesses,
the Federal Reserve System finds that
banks are the most common source of
external credit for small firms.
2
For
banks, especially the many banks that
primarily engage in commercial lending,
small business lending is an important
way that they help meet the needs of
their communities.
The FDIC’s Small Business Lending
Survey is a nationally-representative
survey of banks and their small business
lending practices and activities. The
survey seeks to understand how banks
engage with small businesses and meet
their needs, within the context of the
fast changing banking industry
environment. The first collection of the
survey in 2016 (SBLS 2016) sought to
examine whether small and large banks
engaged differently with small
businesses, which could potentially
impact small businesses given
continued and ongoing banking
consolidation. In 2022 the FDIC plans to
deploy another Small Business Lending
Survey (SBLS 2022) which will repeat
some questions from the previous
collection and will include new areas of
study which are of current interest, in
particular, banks’ use of financial
technology in small business lending
and their experiences with the Paycheck
Protection Program.
In addition, SBLS 2022 will improve
upon previous quantitative questions
that asked banks about their volume of
commercial lending by firm size, which
allowed the FDIC to assess how well
Consolidated Reports of Income and
Condition (commonly referred to as
‘‘Call Report’’) data captures actual bank
small business lending when used as a
proxy measure. Using SBLS 2016 survey
data, the FDIC determined that for banks
in 2015 with $1 to $10 billion in assets,
industry small business lending
(defined as lending to firms with less
than $10 million in gross annual
revenue) was understated on net by
approximately 23 percent when using
the most common proxy measure—Call
Report outstanding commercial and
industrial loan balances for loans that
were $1 million or less at the time of
origination.
3
The proposed SBLS 2022 collection
will cover the general topics of:
I. Underwriting and Loan Approval
Processes
II. Markets, Competition, and Loan
Demand
III. SBA Lending and Securitization
IV. Measurement of Bank Small
Business Lending
Questions in the first three sections
are comprised of qualitative questions,
while the fourth set asks respondent
banks to provide quantitative loan
volumes. The SBLS does not duplicate
existing sources of data but rather
complements or provides insight into
regular collections such as the Call
Report.
The SBLS 2022 collection is
scheduled to be in the field beginning
in May 2022. The collection will be
administered by the U.S. Census Bureau
via a web interface. Recommendations
for which bank staff to answer each
section will be made to respondents in
order to match the appropriate expertise
to relevant questions. Because the SBLS
is designed as a nationally-
representative survey of banks of all
sizes, including community banks,
regional banks, and large nationwide
banks, the survey is intended be used to
make inferences for the entire industry
regarding U.S. banks’ small business
lending activity and practices.
Prior to finalizing the SBLS 2022
survey questionnaire, the FDIC seeks to
solicit public comment. Interested
members of the public may review a
copy of the proposed survey
questionnaire on the following web
page: https://www.fdic.gov/regulations/
laws/federal/2021/sbls-2022-proposed-
survey-questionnaire.pdf.
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 collection of information
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.
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on April 15,
2021.
James P. Sheesley,
Assistant Executive Secretary.
[FR Doc. 2021–08131 Filed 4–20–21; 8:45 am]
BILLING CODE 6714–01–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 (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
applications are set forth in paragraph 7
of the Act (12 U.S.C. 1817(j)(7)).
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
standards enumerated in paragraph 7 of
the Act.
Comments regarding each of these
applications must be received at the
VerDate Sep<11>2014 18:12 Apr 20, 2021 Jkt 253001 PO 00000 Frm 00047 Fmt 4703 Sfmt 4703 E:\FR\FM\21APN1.SGM 21APN1
khammond on DSKJM1Z7X2PROD with NOTICES
20699
Federal Register / Vol. 86, No. 75 / Wednesday, April 21, 2021 / Notices
Reserve Bank indicated or the offices of
the Board of Governors, Ann E.
Misback, Secretary of the Board, 20th
Street and Constitution Avenue, NW,
Washington DC 20551–0001, not later
than May 6, 2021.
A. Federal Reserve Bank of Chicago
(Colette A. Fried, Assistant Vice
President) 230 South LaSalle Street,
Chicago, Illinois 60690–1414:
1. Steven V. Chesney, Las Vegas,
Nevada; to acquire voting shares of First
Lena Corporation, and thereby
indirectly acquire voting shares of
Citizens State Bank, both of Lena,
Illinois.
B. Federal Reserve Bank of San
Francisco (Sebastian Astrada, Director,
Applications) 101 Market Street, San
Francisco, California 94105–1579:
1. The Vanguard Group, Inc.,
Malvern, Pennsylvania; on behalf of
itself, its subsidiaries and affiliates,
including investment companies
registered under the Investment
Company Act of 1940, other pooled
investment vehicles, and institutional
accounts that are sponsored, managed,
or advised by Vanguard; to acquire
additional voting shares of East West
Bancorp, Inc., and thereby indirectly
acquire voting shares of East West Bank,
both of Pasadena, California.
Board of Governors of the Federal Reserve
System, April 16, 2021.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2021–08205 Filed 4–20–21; 8:45 am]
BILLING CODE P
DEPARTMENT OF DEFENSE
GENERAL SERVICES
ADMINISTRATION
NATIONAL AERONAUTICS AND
SPACE ADMINISTRATION
[OMB Control No. 9000–0154; Docket No.
2021–0053; Sequence No. 7]
Information Collection; Construction
Wage Rate Requirements—Price
Adjustment (Actual Method)
AGENCY
: Department of Defense (DOD),
General Services Administration (GSA),
and National Aeronautics and Space
Administration (NASA).
ACTION
: Notice and request for
comments.
SUMMARY
: In accordance with the
Paperwork Reduction Act of 1995, and
the Office of Management and Budget
(OMB) regulations, DoD, GSA, and
NASA invite the public to comment on
a revision and renewal concerning
construction wage rate requirements—
price adjustment (Actual Method). DoD,
GSA, and NASA invite comments on:
whether the proposed collection of
information is necessary for the proper
performance of the functions of Federal
Government acquisitions, including
whether the information will have
practical utility; the accuracy of the
estimate of the burden of the proposed
information collection; ways to enhance
the quality, utility, and clarity of the
information to be collected; and ways to
minimize the burden of the information
collection on respondents, including the
use of automated collection techniques
or other forms of information
technology. OMB has approved this
information collection for use through
September 30, 2021. DoD, GSA, and
NASA propose that OMB extend its
approval for use for three additional
years beyond the current expiration
date.
DATES
: DoD, GSA, and NASA will
consider all comments received by June
21, 2021.
ADDRESSES
: DoD, GSA, and NASA
invite interested persons to submit
comments on this collection through
http://www.regulations.gov and follow
the instructions on the site. This website
provides the ability to type short
comments directly into the comment
field or attach a file for lengthier
comments. If there are difficulties
submitting comments, contact the GSA
Regulatory Secretariat Division at 202–
501–4755 or GSARegSec@gsa.gov.
Instructions: All items submitted
must cite OMB Control No. 9000–0154,
Construction Wage Rate Requirements—
Price Adjustment (Actual Method).
Comments received generally will be
posted without change to http://
www.regulations.gov, including any
personal and/or business confidential
information provided. To confirm
receipt of your comment(s), please
check www.regulations.gov,
approximately two-to-three days after
submission to verify posting.
FOR FURTHER INFORMATION CONTACT
:
Zenaida Delgado, Procurement Analyst,
at telephone 202–969–7207, or
zenaida.delgado@gsa.gov.
SUPPLEMENTARY INFORMATION
:
A. OMB Control Number, Title, and
Any Associated Form(s)
9000–0154, Construction Wage Rate
Requirements—Price Adjustment
(Actual Method).
B. Need and Uses
This clearance covers the information
that contractors must submit to comply
with the following Federal Acquisition
Regulation (FAR) requirements:
•52.222–32, Construction Wage Rate
Requirements-Price Adjustment (Actual
Method). This clause requires
contractors to submit at the exercise of
each option to extend the term of the
contract, a statement of the amount
claimed for incorporation of the most
current Department of Labor wage
determination, and any relevant
supporting data, including payroll
records, that the contracting officer may
reasonably require.
Contracting officers use the
information to establish the contract’s
construction requirements price
adjustment to reflect the contractor’s
actual increase or decrease in wages and
fringe benefits.
C. Annual Burden
Respondents: 506.
Total Annual Responses: 506.
Total Burden Hours: 20,240.
Obtaining Copies: Requesters may
obtain a copy of the information
collection documents from the GSA
Regulatory Secretariat Division by
calling 202–501–4755 or emailing
GSARegSec@gsa.gov. Please cite OMB
Control No. 9000–0154, Construction
Wage Rate Requirements—Price
Adjustment (Actual Method).
Janet Fry,
Director, Federal Acquisition Policy Division,
Office of Governmentwide Acquisition Policy,
Office of Acquisition Policy, Office of
Governmentwide Policy.
[FR Doc. 2021–08199 Filed 4–20–21; 8:45 am]
BILLING CODE 6820–EP–P
DEPARTMENT OF HEALTH AND
HUMAN SERVICES
Administration for Children and
Families
[OMB No.0970–0471]
Proposed Information Collection
Activity; Early Head Start–Child Care
Partnerships Sustainability Study
AGENCY
: Office of Planning, Research,
and Evaluation, Administration for
Children and Families, HHS.
ACTION
: Request for public comment.
SUMMARY
: The Administration for
Children and Families (ACF) at the U.S.
Department of Health and Human
Services (HHS) seeks approval to collect
information for the Early Head Start–
Child Care Partnerships Sustainability
Study.
DATES
: Comments due within 60 days of
publication. In compliance with the
VerDate Sep<11>2014 18:12 Apr 20, 2021 Jkt 253001 PO 00000 Frm 00048 Fmt 4703 Sfmt 4703 E:\FR\FM\21APN1.SGM 21APN1
khammond on DSKJM1Z7X2PROD with NOTICES
