Proposed Agency Information Collection Activities; Comment Request, 16210-16211 [2017-06401]

Download as PDF 16210 Federal Register / Vol. 82, No. 62 / Monday, April 3, 2017 / Notices Commission’s user interfaces accessibility requirements through the Commission’s online complaint portal. Federal Communications Commission. Sheryl D. Todd, Deputy Secretary, Office of the Secretary. [FR Doc. 2017–06484 Filed 3–31–17; 8:45 am] BILLING CODE 6712–01–P FEDERAL ELECTION COMMISSION Sunshine Act Meeting Federal Election Commission. Tuesday, March 21, 2017 At 10:00 a.m. and Its Continuation at the Conclusion of the Open Meeting on March 23, 2017. PLACE: 999 E Street NW., Washington, DC. STATUS: This Meeting Was Closed To The Public. AGENCY: DATE AND TIME: Federal Register Notice of Previous Announcement—82 FR 14000 Change in the Meeting: This meeting was continued on March 29, 2017. This meeting also discussed: Investigatory records compiled for law enforcement purposes and production would disclose investigative techniques. * * * * * Person To Contact for Information: Judith Ingram, Press Officer, Telephone: (202) 694–1220. Dayna C. Brown, Secretary and Clerk of the Commission. [FR Doc. 2017–06559 Filed 3–30–17; 11:15 am] BILLING CODE 6715–01–P FEDERAL RESERVE SYSTEM Proposed Agency Information Collection Activities; Comment Request Board of Governors of the Federal Reserve System. ACTION: Notice, request for comments. AGENCY: The Board of Governors of the Federal Reserve System (Board or Federal Reserve) invites comment on a proposal to extend, without revision, the recordkeeping and disclosure requirements associated with Regulation R. On June 15, 1984, the Office of Management and Budget (OMB) delegated to the Board authority under the Paperwork Reduction Act (PRA) to approve of and assign OMB control numbers to collection of information requests and requirements conducted or sponsored by the Board. In exercising mstockstill on DSK3G9T082PROD with NOTICES SUMMARY: VerDate Sep<11>2014 18:32 Mar 31, 2017 Jkt 241001 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 June 2, 2017. ADDRESSES: You may submit comments, identified by FR 4025, by any of the following methods: • Agency Web site: https:// www.federalreserve.gov. Follow the instructions for submitting comments at https://www.federalreserve.gov/apps/ foia/proposedregs.aspx. • Federal eRulemaking Portal: https:// 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: Robert deV. Frierson, 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 https:// 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: https:// 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 PO 00000 Frm 00055 Fmt 4703 Sfmt 4703 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(s): Report title: Recordkeeping and Disclosure Requirements Associated with Regulation R. OMB control number: 7100–0316. Frequency: On occasion. Respondents: Commercial banks and savings associations. Estimated number of respondents: Section 701 disclosures to customers: 1,500; Section 701 disclosures to brokers: 1,500, Section 723 recordkeeping: 75; Section 741 disclosures to customers: 750. Estimated average hours per response: Section 701 disclosures to customers: 5 minutes; Section 701 disclosures to brokers: 15 minutes, Section 723 recordkeeping: 15 minutes; Section 741 disclosures to customers: 5 minutes. E:\FR\FM\03APN1.SGM 03APN1 mstockstill on DSK3G9T082PROD with NOTICES Federal Register / Vol. 82, No. 62 / Monday, April 3, 2017 / Notices Estimated annual burden hours: 75,563. General Description of Report: Sections 701, 723, and 741 contain information collection requirements. Details of the requirements for each section are provided below. Section 701. Section 701(a)(2)(i) and (b) require banks (or their broker-dealer partners) that utilize the exemption provided in this section to make certain disclosures to high net worth or institutional customers. Specifically, these banks must clearly and conspicuously disclose (i) the name of the broker-dealer and (ii) that the bank employee participates in an incentive compensation program under which the bank employee may receive a fee of more than a nominal amount for referring the customer to the brokerdealer and payment of this fee may be contingent on whether the referral results in a transaction with the brokerdealer. In addition, one of the conditions of the exemption is that the broker-dealer and the bank have a contractual or other written arrangement containing certain elements, including notification and information requirements. The bank must provide its broker-dealer partner with the name of the bank employee receiving a referral fee under the exemption and certain other identifying information relating to the bank employee. Section 723. Section 723(e)(1) requires a bank that desires to exclude a trust or fiduciary account in determining its compliance with the chiefly compensated test in section 721, pursuant to a de minimis exclusion, to maintain records demonstrating that the securities transactions conducted by or on behalf of the account were undertaken by the bank in the exercise of its trust or fiduciary responsibilities with respect to the account. Section 741. Section 741(a)(2)(ii)(A) requires a bank relying on this exemption, which permits banks to effect transactions in the shares of a money market fund, to provide customers with a prospectus for the money market fund securities, not later than the time the customer authorizes the bank to effect the transaction in such securities, if the class or series of securities are not no-load. In situations where a bank effects transactions under the exemption as part of a program for the investment or reinvestment of deposit funds of, or collected by, another bank, the Section permits either the effecting bank or the deposit-taking bank to provide the customer a prospectus for the money market fund securities. VerDate Sep<11>2014 18:32 Mar 31, 2017 Jkt 241001 Legal authorization and confidentiality: The Board’s Legal Division has determined that section 3(a)(4)(F) of the Exchange Act (15 U.S.C. 78c(a)(4)(F)) authorizes the Board and the SEC to require the information collection. The FR 4025 is required to obtain a benefit because banks wishing to utilize exemptions provided by the rules 701, 723, and 741 are required to comply with the recordkeeping and disclosure requirements. If an institution considers the information to be trade secrets and/or privileged such information could be withheld from the public under the authority of the Freedom of Information Act (5 U.S.C. 552(b)(4)). Additionally, to the extent that such information may be contained in an examination report such information maybe also be withheld from the public (5 U.S.C. 552 (b)(8)). Board of Governors of the Federal Reserve System, March 27, 2017. Robert deV. Frierson, Secretary of the Board. [FR Doc. 2017–06401 Filed 3–31–17; 8:45 am] BILLING CODE 6210–01–P GENERAL SERVICES ADMINISTRATION [OMB Control No. 3090–0121; Docket No. 2017–0001; Sequence 1] General Services Administration Acquisition Regulation; Submission for OMB Review; Industrial Funding Fee and Sales Reporting Office of Acquisition Policy, General Services Administration (GSA). ACTION: Notice of request for comments regarding an extension to an existing OMB clearance. AGENCY: Under the provisions of the Paperwork Reduction Act, the Regulatory Secretariat Division is submitting a request to the Office of Management and Budget (OMB) to review and approve an extension of a previously approved information collection associated with General Services Administration Acquisition Regulation clause 552.238–74, Industrial Funding Fee and Sales Reporting. GSA uses this information to collect the Industrial Funding Fee and administer the Federal Supply Schedule (FSS) program. A notice was published in the Federal Register on January 13, 2017. No comments were received. DATES: Submit comments on or before: May 3, 2017. ADDRESSES: Submit comments regarding this burden estimate or any other aspect of this collection of information, SUMMARY: PO 00000 Frm 00056 Fmt 4703 Sfmt 4703 16211 including suggestions for reducing this burden to: Office of Information and Regulatory Affairs of OMB, Attention: Desk Officer for GSA, Room 10236, NEOB, Washington, DC 20503. Additionally submit a copy to GSA by any of the following methods: • Regulations.gov: https:// www.regulations.gov. Submit comments via the Federal eRulemaking portal by searching the OMB control number. Select the link ‘‘Submit a Comment’’ that corresponds with ‘‘Information Collection 3090–0121, Industrial Funding Fee and Sales Reporting.’’ Follow the instructions provided at the ‘‘Submit a Comment’’ screen. Please include your name, company name (if any), and ‘‘Information Collection 3090– 0121, Industrial Funding Fee and Sales Reporting’’ on your attached document. • Mail: General Services Administration, Regulatory Secretariat Division (MVCB), 1800 F Street NW., Washington, DC 20405. ATTN: Ms. Sosa/IC 3090–0121, Industrial Funding Fee and Sales Reporting. Instructions: Please submit comments only and cite Information Collection 3090–0121, Industrial Funding Fee and Sales Reporting, in all correspondence related to this collection. All comments received will be posted without change to https://www.regulations.gov, including any personal and/or business confidential information provided. FOR FURTHER INFORMATION CONTACT: Matthew McFarland, Senior Policy Advisor, GSA Acquisition Policy Division, at 202–690–9232, or matthew.mcfarland@gsa.gov. SUPPLEMENTARY INFORMATION: A. Purpose GSA’s Federal Supply Schedule (FSS) program, commonly known as the GSA Schedules program or Multiple Award Schedule (MAS) program provides federal agencies with a simplified process for acquiring commercial supplies and services. The FSS program is the Government’s preeminent contracting vehicle, accounting for approximately 10 percent of all federal contract dollars with $33 billion of purchases made through the program in fiscal year 2016. Activities placing orders against a GSA Schedule contract must pay an Industrial Funding Fee (IFF) that reimburses GSA’s Federal Acquisition Service (FAS) for the costs of operating the FSS program. FAS recoups its operating costs from ordering activities (i.e. customers) as set forth in 40 U.S.C. 321: Acquisition Services Fund. Net operating revenues generated by the IFF are also applied to fund initiatives E:\FR\FM\03APN1.SGM 03APN1

Agencies

[Federal Register Volume 82, Number 62 (Monday, April 3, 2017)]
[Notices]
[Pages 16210-16211]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-06401]


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FEDERAL RESERVE SYSTEM


Proposed Agency Information Collection Activities; Comment 
Request

AGENCY: Board of Governors of the Federal Reserve System.

ACTION: Notice, request for comments.

-----------------------------------------------------------------------

SUMMARY: The Board of Governors of the Federal Reserve System (Board or 
Federal Reserve) invites comment on a proposal to extend, without 
revision, the recordkeeping and disclosure requirements associated with 
Regulation R.
    On June 15, 1984, the Office of Management and Budget (OMB) 
delegated to the Board authority under the Paperwork Reduction Act 
(PRA) to approve of 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 June 2, 2017.

ADDRESSES: You may submit comments, identified by FR 4025, by any of 
the following methods:
     Agency Web site: https://www.federalreserve.gov. Follow the 
instructions for submitting comments at https://www.federalreserve.gov/apps/foia/proposedregs.aspx.
     Federal eRulemaking Portal: https://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: Robert deV. Frierson, 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 https://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: https://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(s):
    Report title: Recordkeeping and Disclosure Requirements Associated 
with Regulation R.
    OMB control number: 7100-0316.
    Frequency: On occasion.
    Respondents: Commercial banks and savings associations.
    Estimated number of respondents: Section 701 disclosures to 
customers: 1,500; Section 701 disclosures to brokers: 1,500, Section 
723 recordkeeping: 75; Section 741 disclosures to customers: 750.
    Estimated average hours per response: Section 701 disclosures to 
customers: 5 minutes; Section 701 disclosures to brokers: 15 minutes, 
Section 723 recordkeeping: 15 minutes; Section 741 disclosures to 
customers: 5 minutes.

[[Page 16211]]

    Estimated annual burden hours: 75,563.
    General Description of Report: Sections 701, 723, and 741 contain 
information collection requirements. Details of the requirements for 
each section are provided below.
    Section 701. Section 701(a)(2)(i) and (b) require banks (or their 
broker-dealer partners) that utilize the exemption provided in this 
section to make certain disclosures to high net worth or institutional 
customers. Specifically, these banks must clearly and conspicuously 
disclose (i) the name of the broker-dealer and (ii) that the bank 
employee participates in an incentive compensation program under which 
the bank employee may receive a fee of more than a nominal amount for 
referring the customer to the broker-dealer and payment of this fee may 
be contingent on whether the referral results in a transaction with the 
broker-dealer.
    In addition, one of the conditions of the exemption is that the 
broker-dealer and the bank have a contractual or other written 
arrangement containing certain elements, including notification and 
information requirements. The bank must provide its broker-dealer 
partner with the name of the bank employee receiving a referral fee 
under the exemption and certain other identifying information relating 
to the bank employee.
    Section 723. Section 723(e)(1) requires a bank that desires to 
exclude a trust or fiduciary account in determining its compliance with 
the chiefly compensated test in section 721, pursuant to a de minimis 
exclusion, to maintain records demonstrating that the securities 
transactions conducted by or on behalf of the account were undertaken 
by the bank in the exercise of its trust or fiduciary responsibilities 
with respect to the account.
    Section 741. Section 741(a)(2)(ii)(A) requires a bank relying on 
this exemption, which permits banks to effect transactions in the 
shares of a money market fund, to provide customers with a prospectus 
for the money market fund securities, not later than the time the 
customer authorizes the bank to effect the transaction in such 
securities, if the class or series of securities are not no-load. In 
situations where a bank effects transactions under the exemption as 
part of a program for the investment or reinvestment of deposit funds 
of, or collected by, another bank, the Section permits either the 
effecting bank or the deposit-taking bank to provide the customer a 
prospectus for the money market fund securities.
    Legal authorization and confidentiality: The Board's Legal Division 
has determined that section 3(a)(4)(F) of the Exchange Act (15 U.S.C. 
78c(a)(4)(F)) authorizes the Board and the SEC to require the 
information collection. The FR 4025 is required to obtain a benefit 
because banks wishing to utilize exemptions provided by the rules 701, 
723, and 741 are required to comply with the recordkeeping and 
disclosure requirements. If an institution considers the information to 
be trade secrets and/or privileged such information could be withheld 
from the public under the authority of the Freedom of Information Act 
(5 U.S.C. 552(b)(4)). Additionally, to the extent that such information 
may be contained in an examination report such information maybe also 
be withheld from the public (5 U.S.C. 552 (b)(8)).

    Board of Governors of the Federal Reserve System, March 27, 
2017.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2017-06401 Filed 3-31-17; 8:45 am]
BILLING CODE 6210-01-P
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