Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 6107-6108 [2013-01735]

Download as PDF srobinson on DSK4SPTVN1PROD with Federal Register / Vol. 78, No. 19 / Tuesday, January 29, 2013 / Notices information, no issue of confidentiality normally arises. Abstract: Section 305 of the GrammLeach-Bliley Act of 1999 requires financial institutions to provide written and oral disclosures to consumers in connection with the initial sale of an insurance product or annuity concerning its uninsured nature and the existence of the investment risk, if appropriate, and the fact that insurance sales and credit may not be tied. Covered persons are required to make insurance disclosures before the completion of the initial sale of an insurance product or annuity to a consumer. The disclosure must be made orally and in writing to the consumer that: (1) The insurance product or annuity is not a deposit or other obligation of, or guaranteed by, the financial institution or an affiliate of the financial institution; (2) the insurance product or annuity is not insured by the Federal Deposit Insurance Corporation or any other agency of the United States, the financial institution, or (if applicable) an affiliate of the financial institution; and (3) in the case of an insurance product or annuity that involves an investment risk, there is investment risk associated with the product, including the possible loss of value. Covered persons are required to make a credit disclosure at the time a consumer applies for an extension of credit in connection with which an insurance product or annuity is solicited, offered, or sold. The disclosure must be made orally and in writing that the financial institution may not condition an extension of credit on either: (1) The consumer’s purchase of an insurance product or annuity from the financial institution or any of its affiliates; or (2) the consumer’s agreement not to obtain, or a prohibition on the consumer from obtaining, an insurance product or annuity from an unaffiliated entity. Current Actions: On November 21, 2012, the Federal Reserve published a notice in the Federal Register (77 FR 69843) requesting public comment for 60 days on the extension, without revision, of the Disclosure Requirements in Connection With Subpart H of Regulation H (Consumer Protections in Sales of Insurance). The comment period for this notice expired on January 22, 2013. The Federal Reserve did not receive any comments. VerDate Mar<15>2010 16:47 Jan 28, 2013 Jkt 229001 Board of Governors of the Federal Reserve System, January 24, 2013. Robert deV. Frierson, Secretary of the Board. [FR Doc. 2013–01827 Filed 1–28–13; 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 Board of Governors of the Federal Reserve System. SUMMARY: Background. 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 instruments 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 Clearance Officer—Cynthia Ayouch—Division of Research and Statistics, 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, with revision, of the following reports: 1. Report title: Consumer Satisfaction Questionnaire, the Federal Reserve Consumer Help—Consumer Survey, the Consumer Online Complaint Form, and the Appraisal Complaint Form. Agency form number: FR 1379a, FR 1379b, FR 1379c, and FR 1379d. AGENCY: PO 00000 Frm 00043 Fmt 4703 Sfmt 4703 6107 OMB control number: 7100–0135. Frequency: Event generated. Effective Date: March 2013. Reporters: Consumers, appraisers, and financial institutions. Estimated annual reporting hours: FR 1379a: 116 hours; FR 1379b: 167 hours; FR 1379c: 1,351 hours; FR 1379d: 100 hours. Estimated average hours per response: FR 1379a: 5 minutes; FR 1379b: 5 minutes; FR 1379c: 10 minutes; FR 1379d: 30 minutes. Number of respondents: FR 1379a: 1,391; FR 1379b: 2,001; FR 1379c: 8,107; FR 1379d: 200. General description of report: This information collection is voluntary and is authorized by law pursuant to section 11(a) of the Federal Reserve Act (12 U.S.C. 248(a), and sections 3(q) and 8 of the Federal Deposit Insurance Act (FDIC Act), 12 U.S.C. 1813(Q) and 1818. Additionally the Federal Reserve is authorized to collect the information on the FR 1379d pursuant to section 1103 of the Financial Institutions and Reform, Recovery, and Enforcement Act, which authorizes the Federal Financial Institutions Examination CouncilAppraisal Subcommittee to ‘‘perform research, as [it] considers appropriate,’’ for the purpose of carrying out its duties, 12 U.S.C. 3335. The FR 1379a is not considered confidential. The FR 1379b collects the respondent’s name and the respondent may provide other personal information and information regarding his or her complaint. The FR 1379c collects the respondent’s thirdparty representative if the respondent has such a representative. The proposed FR 1379d would collect the respondent’s name and the respondent may provide other personal information and information regarding his or her complaint. Thus, some of the information collected on the FR 1379b, FR 1379c, and FR 1379d may be considered confidential under the Freedom of Information Act (5 U.S.C. 552(b)(4), (b)(6), (b)(7)). Abstract: The FR 1379a questionnaire is sent to consumers who have filed complaints with the Federal Reserve against state member banks. The information is used to assess their satisfaction with the Federal Reserve’s handling and written response to their complaint at the conclusion of an investigation. The FR 1379b questionnaire is sent as needed to consumers who contact the FRCH to file a complaint or inquiry. The information is used to determine whether consumers are satisfied with the way the FRCH handled their complaint. Consumers use the FR 1379c to electronically submit a complaint against a financial institution E:\FR\FM\29JAN1.SGM 29JAN1 srobinson on DSK4SPTVN1PROD with 6108 Federal Register / Vol. 78, No. 19 / Tuesday, January 29, 2013 / Notices to the FRCH. The FR 1379d collects information about complaints regarding a regulated institution’s non-compliance with the appraisal independence standards and the Uniform Standards of Professional Appraisal Practice,1 including complaints from appraisers, individuals, financial institutions, and other entities. Current Actions: On November 14, 2012, the Federal Reserve published a notice in the Federal Register (77 FR 67816) requesting public comment for 60 days on the extension, with revision, of the FR 1379. The comment period for this notice expired on January 14, 2013. The Federal Reserve did not receive any comments. The revisions will be implemented as proposed. 2. Report title: Semiannual Report of Derivatives Activity. Agency form number: FR 2436. OMB control number: 7100–0286. Frequency: Semiannually. Effective Date: June 2013. Reporters: U.S. dealers of over-thecounter derivatives. Estimated annual reporting hours: 2,120. Estimated average hours per response: 212. Number of respondents: 5. General description of report: This information collection is voluntary (12 U.S.C. 225a, 248(a), 348(a), 263, and 353–359) and is given confidential treatment under the Freedom of Information Act (5 U.S.C. 552(b)(4)). Abstract: This collection of information complements the ongoing triennial Survey of Foreign Exchange and Derivatives Market Activity (FR 3036; OMB No. 7100–0285). The FR 2436 collects similar data on the outstanding volume of derivatives, but not on derivatives turnover. The Federal Reserve conducts both surveys in coordination with other central banks and forwards the aggregated data furnished by U.S. reporters to the Bank for International Settlements (BIS), which publishes global market statistics that are aggregations of national data. Current Actions: On November 14, 2012, the Federal Reserve published a notice in the Federal Register (77 FR 67816) requesting public comment for 60 days on the extension, with revision, of the FR 2436. The comment period for this notice expired on January 14, 2013. The Federal Reserve did not receive any comments. The revisions will be implemented as proposed. 3. Report title: Central Bank Survey of Foreign Exchange and Derivative Market Activity. Agency form number: FR 3036. 1 www.appraisalfoundation.org/. VerDate Mar<15>2010 16:47 Jan 28, 2013 Jkt 229001 OMB control number: 7100–0285. Frequency: One-time. Effective Date: Turnover Survey, April 2013; Outstandings survey, June 2013. Reporters: Financial institutions that serve as intermediaries in the wholesale foreign exchange and derivatives market and dealers. Estimated annual reporting hours: Turnover Survey, 2,275 hours; Outstandings survey, 210 hours. Estimated average hours per response: Turnover Survey, 65 hours; Outstandings survey, 70 hours. Number of respondents: Turnover Survey, 35; Outstandings survey, 3. General description of report: This information collection is voluntary (12 U.S.C. 225a and 263) and is given confidential treatment (5 U.S.C. 552(b)(4)). Abstract: The FR 3036 is the U.S. part of a global data collection that is conducted by central banks once every three years. More than 50 central banks plan to conduct the survey in 2013. The BIS compiles aggregate national data from each central bank to produce global market statistics. The Federal Reserve System and other government agencies use the survey to monitor activity in the foreign exchange and derivatives markets. Respondents also use the published data to gauge their market share. Current actions: On November 14, 2012, the Federal Reserve published a notice in the Federal Register (77 FR 67816) requesting public comment for 60 days on the extension, with revision, of the FR 3036. The comment period for this notice expired on January 14, 2013. The Federal Reserve did not receive any comments. The surveys will be conducted in April and June as proposed. Final approval under OMB delegated authority of the extension for three years, without revision, of the following report: Report title: Domestic Branch Notification. Agency form number: FR 4001. OMB control number: 7100–0097. Frequency: On occasion. Reporters: State member banks (SMBs). Estimated annual reporting hours: 501 hours. Estimated average hours per response: 30 minutes for expedited notifications and 1 hour for nonexpedited notifications. Number of respondents: 207 expedited and 397 nonexpedited. General description of report: This information collection is mandatory per section 9(3) of the Federal Reserve Act (12 U.S.C. 321). This requirement is PO 00000 Frm 00044 Fmt 4703 Sfmt 4703 implemented by the provisions of section 208.6 of the Board’s Regulation H (12 CFR 208.6). The individual respondent information in the notification is not considered confidential. Abstract: The Federal Reserve Act and Regulation H require an SMB to seek prior approval of the Federal Reserve System before establishing or acquiring a domestic branch. Such requests for approval must be filed as notifications at the appropriate Reserve Bank for the SMB. Due to the limited information that an SMB generally has to provide for branch proposals, there is no formal reporting form for a domestic branch notification. An SMB is required to notify the Federal Reserve by letter of its intent to establish one or more new branches and provide with the letter evidence that public notice of the proposed branch(es) has been published by the SMB in the appropriate newspaper(s). The Federal Reserve uses the information provided to fulfill its statutory obligation to review any public comment on proposed branches before acting on the proposals and otherwise to supervise SMBs. Current Actions: On November 14, 2012, the Federal Reserve published a notice in the Federal Register (77 FR 67816) requesting public comment for 60 days on the extension, without revision, of the FR 4001. The comment period for this notice expired on January 14, 2013. The Federal Reserve did not receive any comments. Board of Governors of the Federal Reserve System, January 23, 2013. Robert deV. Frierson, Secretary of the Board. [FR Doc. 2013–01735 Filed 1–28–13; 8:45 am] BILLING CODE 6210–01–P FEDERAL RETIREMENT THRIFT INVESTMENT BOARD Sunshine Act Meeting; Correction Federal Retirement Thrift Investment Board. ACTION: Sunshine Act meeting; correction. AGENCY: The Federal Retirement Thrift Investment Board published a document in the Federal Register on January 23, 2013 concerning an upcoming meeting. The document contained an individual’s incorrect title. FOR FURTHER INFORMATION CONTACT: Kimberly Weaver, Director, Office of External Affairs, (202) 942–1640. CORRECTION: In the Federal Register of January 23, 2013, in FR Doc. 78–4854, SUMMARY: E:\FR\FM\29JAN1.SGM 29JAN1

Agencies

[Federal Register Volume 78, Number 19 (Tuesday, January 29, 2013)]
[Notices]
[Pages 6107-6108]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-01735]


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

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: Background. 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 
instruments 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 Clearance 
Officer--Cynthia Ayouch--Division of Research and Statistics, 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, with revision, of the following reports:
    1. Report title: Consumer Satisfaction Questionnaire, the Federal 
Reserve Consumer Help--Consumer Survey, the Consumer Online Complaint 
Form, and the Appraisal Complaint Form.
    Agency form number: FR 1379a, FR 1379b, FR 1379c, and FR 1379d.
    OMB control number: 7100-0135.
    Frequency: Event generated.
    Effective Date: March 2013.
    Reporters: Consumers, appraisers, and financial institutions.
    Estimated annual reporting hours: FR 1379a: 116 hours; FR 1379b: 
167 hours; FR 1379c: 1,351 hours; FR 1379d: 100 hours.
    Estimated average hours per response: FR 1379a: 5 minutes; FR 
1379b: 5 minutes; FR 1379c: 10 minutes; FR 1379d: 30 minutes.
    Number of respondents: FR 1379a: 1,391; FR 1379b: 2,001; FR 1379c: 
8,107; FR 1379d: 200.
    General description of report: This information collection is 
voluntary and is authorized by law pursuant to section 11(a) of the 
Federal Reserve Act (12 U.S.C. 248(a), and sections 3(q) and 8 of the 
Federal Deposit Insurance Act (FDIC Act), 12 U.S.C. 1813(Q) and 1818. 
Additionally the Federal Reserve is authorized to collect the 
information on the FR 1379d pursuant to section 1103 of the Financial 
Institutions and Reform, Recovery, and Enforcement Act, which 
authorizes the Federal Financial Institutions Examination Council-
Appraisal Subcommittee to ``perform research, as [it] considers 
appropriate,'' for the purpose of carrying out its duties, 12 U.S.C. 
3335. The FR 1379a is not considered confidential. The FR 1379b 
collects the respondent's name and the respondent may provide other 
personal information and information regarding his or her complaint. 
The FR 1379c collects the respondent's third-party representative if 
the respondent has such a representative. The proposed FR 1379d would 
collect the respondent's name and the respondent may provide other 
personal information and information regarding his or her complaint. 
Thus, some of the information collected on the FR 1379b, FR 1379c, and 
FR 1379d may be considered confidential under the Freedom of 
Information Act (5 U.S.C. 552(b)(4), (b)(6), (b)(7)).
    Abstract: The FR 1379a questionnaire is sent to consumers who have 
filed complaints with the Federal Reserve against state member banks. 
The information is used to assess their satisfaction with the Federal 
Reserve's handling and written response to their complaint at the 
conclusion of an investigation. The FR 1379b questionnaire is sent as 
needed to consumers who contact the FRCH to file a complaint or 
inquiry. The information is used to determine whether consumers are 
satisfied with the way the FRCH handled their complaint. Consumers use 
the FR 1379c to electronically submit a complaint against a financial 
institution

[[Page 6108]]

to the FRCH. The FR 1379d collects information about complaints 
regarding a regulated institution's non-compliance with the appraisal 
independence standards and the Uniform Standards of Professional 
Appraisal Practice,\1\ including complaints from appraisers, 
individuals, financial institutions, and other entities.
---------------------------------------------------------------------------

    \1\ www.appraisalfoundation.org/.
---------------------------------------------------------------------------

    Current Actions: On November 14, 2012, the Federal Reserve 
published a notice in the Federal Register (77 FR 67816) requesting 
public comment for 60 days on the extension, with revision, of the FR 
1379. The comment period for this notice expired on January 14, 2013. 
The Federal Reserve did not receive any comments. The revisions will be 
implemented as proposed.
    2. Report title: Semiannual Report of Derivatives Activity.
    Agency form number: FR 2436.
    OMB control number: 7100-0286.
    Frequency: Semiannually.
    Effective Date: June 2013.
    Reporters: U.S. dealers of over-the-counter derivatives.
    Estimated annual reporting hours: 2,120.
    Estimated average hours per response: 212.
    Number of respondents: 5.
    General description of report: This information collection is 
voluntary (12 U.S.C. 225a, 248(a), 348(a), 263, and 353-359) and is 
given confidential treatment under the Freedom of Information Act (5 
U.S.C. 552(b)(4)).
    Abstract: This collection of information complements the ongoing 
triennial Survey of Foreign Exchange and Derivatives Market Activity 
(FR 3036; OMB No. 7100-0285). The FR 2436 collects similar data on the 
outstanding volume of derivatives, but not on derivatives turnover. The 
Federal Reserve conducts both surveys in coordination with other 
central banks and forwards the aggregated data furnished by U.S. 
reporters to the Bank for International Settlements (BIS), which 
publishes global market statistics that are aggregations of national 
data.
    Current Actions: On November 14, 2012, the Federal Reserve 
published a notice in the Federal Register (77 FR 67816) requesting 
public comment for 60 days on the extension, with revision, of the FR 
2436. The comment period for this notice expired on January 14, 2013. 
The Federal Reserve did not receive any comments. The revisions will be 
implemented as proposed.
    3. Report title: Central Bank Survey of Foreign Exchange and 
Derivative Market Activity.
    Agency form number: FR 3036.
    OMB control number: 7100-0285.
    Frequency: One-time.
    Effective Date: Turnover Survey, April 2013; Outstandings survey, 
June 2013.
    Reporters: Financial institutions that serve as intermediaries in 
the wholesale foreign exchange and derivatives market and dealers.
    Estimated annual reporting hours: Turnover Survey, 2,275 hours; 
Outstandings survey, 210 hours.
    Estimated average hours per response: Turnover Survey, 65 hours; 
Outstandings survey, 70 hours.
    Number of respondents: Turnover Survey, 35; Outstandings survey, 3.
    General description of report: This information collection is 
voluntary (12 U.S.C. 225a and 263) and is given confidential treatment 
(5 U.S.C. 552(b)(4)).
    Abstract: The FR 3036 is the U.S. part of a global data collection 
that is conducted by central banks once every three years. More than 50 
central banks plan to conduct the survey in 2013. The BIS compiles 
aggregate national data from each central bank to produce global market 
statistics. The Federal Reserve System and other government agencies 
use the survey to monitor activity in the foreign exchange and 
derivatives markets. Respondents also use the published data to gauge 
their market share.
    Current actions: On November 14, 2012, the Federal Reserve 
published a notice in the Federal Register (77 FR 67816) requesting 
public comment for 60 days on the extension, with revision, of the FR 
3036. The comment period for this notice expired on January 14, 2013. 
The Federal Reserve did not receive any comments. The surveys will be 
conducted in April and June as proposed.
    Final approval under OMB delegated authority of the extension for 
three years, without revision, of the following report:
    Report title: Domestic Branch Notification.
    Agency form number: FR 4001.
    OMB control number: 7100-0097.
    Frequency: On occasion.
    Reporters: State member banks (SMBs).
    Estimated annual reporting hours: 501 hours.
    Estimated average hours per response: 30 minutes for expedited 
notifications and 1 hour for nonexpedited notifications.
    Number of respondents: 207 expedited and 397 nonexpedited.
    General description of report: This information collection is 
mandatory per section 9(3) of the Federal Reserve Act (12 U.S.C. 321). 
This requirement is implemented by the provisions of section 208.6 of 
the Board's Regulation H (12 CFR 208.6). The individual respondent 
information in the notification is not considered confidential.
    Abstract: The Federal Reserve Act and Regulation H require an SMB 
to seek prior approval of the Federal Reserve System before 
establishing or acquiring a domestic branch. Such requests for approval 
must be filed as notifications at the appropriate Reserve Bank for the 
SMB. Due to the limited information that an SMB generally has to 
provide for branch proposals, there is no formal reporting form for a 
domestic branch notification. An SMB is required to notify the Federal 
Reserve by letter of its intent to establish one or more new branches 
and provide with the letter evidence that public notice of the proposed 
branch(es) has been published by the SMB in the appropriate 
newspaper(s). The Federal Reserve uses the information provided to 
fulfill its statutory obligation to review any public comment on 
proposed branches before acting on the proposals and otherwise to 
supervise SMBs.
    Current Actions: On November 14, 2012, the Federal Reserve 
published a notice in the Federal Register (77 FR 67816) requesting 
public comment for 60 days on the extension, without revision, of the 
FR 4001. The comment period for this notice expired on January 14, 
2013. The Federal Reserve did not receive any comments.

    Board of Governors of the Federal Reserve System, January 23, 
2013.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2013-01735 Filed 1-28-13; 8:45 am]
BILLING CODE 6210-01-P