Proposed Agency Information Collection Activities; Comment Request, 19986-19988 [2015-08406]
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19986
Federal Register / Vol. 80, No. 71 / Tuesday, April 14, 2015 / Notices
Gary
A. Kuiper or John Popeo, at the FDIC
address above.
SUPPLEMENTARY INFORMATION: Proposal
to renew the following currentlyapproved collections of information:
1. Title: Assessment Rate Adjustment
Guidelines for Large and Highly
Complex Institutions.
OMB Number: 3064–0179.
Affected Public: Large and highly
complex depository institutions.
Estimated Number of Respondents:
11.
Estimated Time per Response: 80
hours.
Frequency of Response: Annual.
Estimated Total Annual Burden: 880
hours.
General Description of Collection:
These guidelines established a process
through which large and highly
complex depository institutions could
request a deposit insurance assessment
rate adjustment from the FDIC.
2. Title: Resolution Plans Required for
Insured Depository Institutions With
$50 Billion or More in Total Assets.
OMB Number: 3064–0185.
Affected Public: Large and highly
complex depository institutions.
A. Estimated Number of Respondents
for Contingent Resolution Plan: 37.
Frequency of Response: Once.
Estimated Time per Response: 7,200
hours per respondent.
Estimated Total Burden: 266,400
hours.
B. Estimated Number of Respondents
for Annual Update of Resolution Plan:
37.
Frequency of Response: Annual.
Estimated Time Per Response: 452
hours per respondent.
Estimated Total Burden: 16,724
hours.
C. Estimated Number of Respondents
for Notice of Material Change Affecting
Resolution Plan: 37.
Frequency of Response: Zero-to-two
times annually.
Estimated Time per Response: 226
hours per respondent.
Estimated Total Burden: 16,724
hours.
General Description of Collection:
This Rule requires an insured
depository institution with $50 billion
or more in total assets to submit
periodically to the FDIC a contingent
plan for the resolution of such
institution in the event of its failure
(‘‘Resolution Plan’’). The Rule requires a
covered insured depository institution
to submit a Resolution Plan that enables
the FDIC, as receiver, to resolve the
institution under sections 11 and 13 of
the Federal Deposit Insurance Act, 12
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FOR FURTHER INFORMATION CONTACT:
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U.S.C. 1821 and 1823, in a manner that
ensures that depositors receive access to
their insured deposits within one
business day of the institution’s failure
(two business days if the failure occurs
on a day other than Friday), maximizes
the net present value return from the
sale or disposition of its assets and
minimizes the amount of any loss to be
realized by the institution’s creditors.
The Rule seeks to address the
continuing exposure of the banking
industry to the risks of insolvency of
large and complex insured depository
institutions, an exposure that can be
mitigated with proper resolution
planning.
Request for Comment
Comments are invited on: (a) Whether
the collections of information are
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 collections,
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 collections 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 8th day of
April 2015.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2015–08445 Filed 4–13–15; 8:45 am]
BILLING CODE 6714–01–P
FEDERAL RESERVE SYSTEM
Proposed Agency Information
Collection Activities; Comment
Request
Board of Governors of the
Federal Reserve System.
SUMMARY: On June 15, 1984, Office of
Management and Budget (OMB)
delegated to the Board of Governors of
the Federal Reserve System (Board) its
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. Board-approved
collections of information are
incorporated into the official OMB
inventory of currently approved
collections of information. Copies of the
AGENCY:
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PRA Submission, supporting
statements, and approved collection of
information instruments are placed into
OMB’s public docket files. The Board
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, that has been
extended, revised, or implemented on or
after October 1, 1995, unless it displays
a currently valid OMB control number.
DATES: Comments must be submitted on
or before June 15, 2015.
ADDRESSES: You may submit comments,
identified by FR 2064, FR 3051, or FR
4202, 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
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Federal Register / Vol. 80, No. 71 / Tuesday, April 14, 2015 / Notices
requested from the agency clearance
officer, whose name appears below.
Federal Reserve Board Acting
Clearance Officer—Mark Tokarski—
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 Proposals
The following information
collections, which are being handled
under this delegated authority, have
received initial Board approval and are
hereby published for comment. At the
end of the comment period, the
proposed information collections, along
with an analysis of comments and
recommendations received, will be
submitted to the Board for final
approval under OMB delegated
authority. 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 Board’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 start up costs
and costs of operation, maintenance,
and purchase of services to provide
information.
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Proposal To Approve Under OMB
Delegated Authority the Extension for
Three Years, Without Revision, of the
Following Reports
1. Report title: Recordkeeping
Requirements Associated with Changes
in Foreign Investments (Made Pursuant
to Regulation K).
Agency form number: FR 2064.
OMB control number: 7100–0109.
Frequency: On-occasion.
Reporters: State member banks, Edge
Act and agreement corporations, and
bank holding companies.
Estimated annual reporting hours:
160 hours.
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Estimated average hours per response:
2 hours.
Number of respondents: 20.
General description of report: The
recordkeeping requirements of this
information collection are mandatory
under section 5(c) of the BHC Act (12
U.S.C. 1844(c)); sections 7 and 13(a) of
the International Banking Act of 1978
(12 U.S.C. 3105 and 3108(a)); section 25
of the Federal Reserve Act (FRA) (12
U.S.C. 601–604a); section 25A of the
FRA (12 U.S.C. 611–631); and
Regulation K (12 CFR 211.8(c)–
211.10(a)). Since the Federal Reserve
does not collect any records, no issue of
confidentiality under the Freedom of
Information Act (FOIA) arises. FOIA
will only be implicated if the Federal
Reserve’s examiners retain a copy of the
records in their examination or
supervision of the institution, and
would be exempt from disclosure
pursuant to FOIA (5 U.S.C. 552(b)(4),
(b)(6), and (b)(8)).
Abstract: Internationally active U.S
banking organizations are required to
maintain adequate internal records that
demonstrate compliance with the
investment provisions contained in
Subpart A of International Banking
Operations (Regulation K). For each
investment made under Subpart A of
Regulation K, internal records should be
maintained regarding the type of
investment, for example, equity (voting
shares, nonvoting shares, partnerships,
interests conferring ownership rights,
participating loans), binding
commitments, capital contributions, and
subordinated debt; the amount of the
investment; the percentage ownership;
activities conducted by the company
and the legal authority for such
activities; and whether the investment
was made under general consent, prior
notice, or specific consent authority.
With respect to investments made under
general consent authority, information
also must be maintained that
demonstrates compliance with the
various limits set out in section 211.9 of
Regulation K.
2. Report title: Microeconomic
Survey.
Agency form number: FR 3051.
OMB control number: 7100–0321.
Frequency: Annually and monthly, as
needed.
Reporters: Individuals, households,
and financial and non-financial
businesses.
Estimated annual reporting hours:
Annual survey, 6,000 hours; Monthly
survey, 18,000 hours.
Estimated average hours per response:
Annual survey, 60 minutes; Monthly
survey, 30 minutes.
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19987
Number of respondents: Annual
survey, 6,000; Monthly survey, 3,000.
General description of report: This
information collection is voluntary and
is authorized by sections 2A and 12A of
the Federal Reserve Act (12 U.S.C. 225A
and 263). If needed, the Federal Reserve
can make this survey mandatory for
Federal Reserve regulated institutions
under section 9 of the Federal Reserve
Act (12 U.S.C. 324) for state member
banks; section 5(c) of the Bank Holding
Company Act (12 U.S.C. 1844(c)) for
bank holding companies and their
subsidiaries; sections 25 and 25(A) of
the Federal Reserve Act (12 U.S.C. 602
and 625) for Edge and agreement
corporations; and section 7(c)(2) of the
International Banking Act of 1978 (12
U.S.C. 3105(c)(2)) for U.S. branches and
agencies of foreign banks.
If the FR 3051 survey information is
collected with a pledge of
confidentiality for exclusively statistical
purposes under Confidential
Information Protection and Statistical
Efficiency Act (CIPSEA), the
information may not be disclosed by the
Federal Reserve (or its contractor) in
identifiable form, except with the
informed consent of the respondent
(CIPSEA 512(b), codified in notes to 44
U.S.C. 3501). Such information is
therefore protected from disclosure
under exemption 3 of the Freedom of
Information Act (FOIA) (5 U.S.C.
552(b)(3)). If a CIPSEA pledge is made,
either by the Federal Reserve or by its
contractor, the Federal Reserve must
safeguard the information as required by
CIPSEA and OMB guidance.
If the FR 3051 survey information is
not being collected under CIPSEA, the
ability of the Federal Reserve to
maintain the confidentiality of
information provided by respondents
will have to be determined on a case-bycase basis and depends on the type of
information provided for a particular
survey. In circumstances where
identifying information is provided to
the Federal Reserve, such information
could possibly be protected from
disclosure by FOIA exemptions 4 and 6.
Abstract: The Federal Reserve
implemented this event-driven survey
in 2009 and uses it to obtain
information specifically tailored to the
Federal Reserve’s supervisory,
regulatory, operational, and other
responsibilities. The Federal Reserve
can conduct the FR 3051 up to 13 times
per year (annual survey and another
survey on a monthly basis). The
frequency and content of the questions
depend on changing economic,
regulatory, or legislative developments.
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Federal Register / Vol. 80, No. 71 / Tuesday, April 14, 2015 / Notices
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3. Report title: Recordkeeping and
Disclosure Provisions associated with
Stress Testing Guidance.
Agency form number: FR 4202.
OMB control number: 7100–0348.
Frequency: On-occasion.
Reporters: State member banks, bank
holding companies, and all other
institutions for which the Federal
Reserve is the primary federal
supervisor.
Estimated annual reporting hours:
Recordkeeping, 18,000 hours;
Disclosure, 8,000 hours.
Estimated average hours per response:
Recordkeeping, 180 hours; Disclosure,
80 hours.
Number of respondents:
Recordkeeping, 100; Disclosure, 100.
General description of report: This
information collection is voluntary and
is authorized pursuant to sections 11(a),
11(i), 25, and 25A of the Federal Reserve
Act (12 U.S.C. 248(a), 248(i), 602, and
611), section 5 of the Bank Holding
Company Act (12 U.S.C. 1844), and
section 7(c) of the International Banking
Act (12 U.S.C. 3105(c)). To the extent
the Federal Reserve collects information
during an examination of a banking
organization, confidential treatment
may be afforded to the records under
exemptions 4 and 8 of the Freedom of
Information Act (FOIA) (5 U.S.C.
552(b)(4) and (8)).
Abstract: The interagency guidance
outlines high-level principles for stress
testing practices, applicable to all
Federal Reserve-supervised, FDICsupervised, and OCC-supervised
banking organizations 1 with more than
$10 billion in total consolidated assets.
In developing a stress testing framework
and in carrying out stress tests, banking
organizations 2 should understand and
clearly document all assumptions,
uncertainties, and limitations, and
provide that information to users of the
stress testing results. To ensure proper
governance over the stress testing
framework, banking organizations
should develop and maintain written
policies and procedures.
1 The agencies that were party to the rulemaking
were the Office of the Comptroller of the Currency
(OCC); Board of Governors of the Federal Reserve
System (Board); and Federal Deposit Insurance
Corporation (FDIC).
2 For purposes of this guidance, the term
‘‘banking organization’’ means national banks and
Federal branches and agencies supervised by the
OCC; state member banks, bank holding companies,
and all other institutions for which the Federal
Reserve is the primary federal supervisor; and state
nonmember insured banks and other institutions
supervised by the FDIC.
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Board of Governors of the Federal Reserve
System, April 8, 2015.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2015–08406 Filed 4–13–15; 8:45 am]
BILLING CODE 6210–01–P
FEDERAL RETIREMENT THRIFT
INVESTMENT BOARD
Sunshine Act; Notice of Meeting
Parts open to the public
begin at 8:30 a.m. April 20, 2015.
PLACE: 10th Floor Board Meeting Room,
77 K Street NE., Washington, DC 20002.
STATUS: Parts will be open to the public
and parts closed to the public.
MATTERS TO BE CONSIDERED:
TIME AND DATE:
Parts Open to the Public
1. Approval of the Minutes of the March
23, 2015 Board Member Meeting.
2. ED Comments
3. Monthly Reports
a. Monthly Participant Activity Report
b. Legislative Report
4. Quarterly Metrics Report
a. Investment Policy
b. Vendor Financials
c. Audit Status
d. Budget Review
e. Project Activity Report
5. Annual Financial Audit—CLA
6. Mainframe Audit
7. DOL Presentation
Part Closed to the Public
8. Security
CONTACT PERSON FOR MORE INFORMATION:
Kimberly Weaver, Director, Office of
External Affairs, (202) 942–1640.
Dated: April 10, 2015.
Megan Grumbine,
Deputy General Counsel, Federal Retirement
Thrift Investment Board.
[FR Doc. 2015–08675 Filed 4–10–15; 4:15 pm]
BILLING CODE 6760–01–P
DEPARTMENT OF HEALTH AND
HUMAN SERVICES
Centers for Disease Control and
Prevention
Disease, Disability, and Injury
Prevention and Control Special
Emphasis Panel (SEP): Initial Review
In accordance with section 10(a)(2) of
the Federal Advisory Committee Act
(Pub. L. 92–463), the Centers for Disease
Control and Prevention (CDC)
announces a meeting for the initial
review of applications in response to
Funding Opportunity Announcements
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(FOA) GH15–002, Conducting Public
Health Research in Georgia; FOA GH15–
003, Conducting Public Health Research
Activities in Uzbekistan; FOA GH15–
006, Institutional Research
Collaboration between the Liverpool
School of Tropical Medicine and the
Centers for Disease Control and
Prevention; FOA GH15–007, Emerging
Infectious Disease Detection in the
Veterinary Public Health Sector in
India; and FOA GH15–008, Conducting
Operational Research to Identify
Numbers and Rates, Determine Needs,
and Integrate Services to Mitigate
Morbidity and Mortality Among
Internally Displaced Persons Affected
by Emergencies.
TIME AND DATE:
8:30 a.m.–1:30 p.m., EDT, May 6, 2015
(Closed)
PLACE:
Teleconference
The meeting will be closed to
the public in accordance with
provisions set forth in section 552b(c)
(4) and (6), title 5 U.S.C., and the
Determination of the Director,
Management Analysis and Services
Office, CDC, pursuant to Public Law 92–
463.
STATUS:
The meeting
will include the initial review,
discussion, and evaluation of
applications received in response to
‘‘Conducting Public Health Research in
Georgia, FOA GH15–002; Conducting
Public Health Research Activities in
Uzbekistan, FOA GH15–003;
Institutional Research Collaboration
between the Liverpool School of
Tropical Medicine and the Centers for
Disease Control and Prevention, FOA
GH15–006; Emerging Infectious Disease
Detection in the Veterinary Public
Health Sector in India, FOA GH15–007;
and Conducting Operational Research to
Identify Numbers and Rates, Determine
Needs, and Integrate Services to
Mitigate Morbidity and Mortality
Among Internally Displaced Persons
Affected by Emergencies, FOA GH15–
008.’’
MATTERS FOR DISCUSSION:
CONTACT PERSON FOR MORE INFORMATION:
Hylan Shoob, Scientific Review Officer,
Center for Global Health (CGH) Science
Office, CGH, CDC, 1600 Clifton Road
NE., Mailstop D–69, Atlanta, Georgia
30033, Telephone: (404) 639–4796.
The Director, Management Analysis
and Services Office, has been delegated
the authority to sign Federal Register
notices pertaining to announcements of
meetings and other committee
management activities, for both the
Centers for Disease Control and
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]]>Agencies
[Federal Register Volume 80, Number 71 (Tuesday, April 14, 2015)]
[Notices]
[Pages 19986-19988]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2015-08406]
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FEDERAL RESERVE SYSTEM
Proposed Agency Information Collection Activities; Comment
Request
AGENCY: Board of Governors of the Federal Reserve System.
SUMMARY: On June 15, 1984, Office of Management and Budget (OMB)
delegated to the Board of Governors of the Federal Reserve System
(Board) its 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. Board-
approved collections of information are incorporated into the official
OMB inventory of currently approved collections of information. Copies
of the PRA Submission, supporting statements, and approved collection
of information instruments are placed into OMB's public docket files.
The Board 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, that has been
extended, revised, or implemented on or after October 1, 1995, unless
it displays a currently valid OMB control number.
DATES: Comments must be submitted on or before June 15, 2015.
ADDRESSES: You may submit comments, identified by FR 2064, FR 3051, or
FR 4202, 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
[[Page 19987]]
requested from the agency clearance officer, whose name appears below.
Federal Reserve Board Acting Clearance Officer--Mark Tokarski--
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 Proposals
The following information collections, which are being handled
under this delegated authority, have received initial Board approval
and are hereby published for comment. At the end of the comment period,
the proposed information collections, along with an analysis of
comments and recommendations received, will be submitted to the Board
for final approval under OMB delegated authority. 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 Board'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 start up costs and costs of operation,
maintenance, and purchase of services to provide information.
Proposal To Approve Under OMB Delegated Authority the Extension for
Three Years, Without Revision, of the Following Reports
1. Report title: Recordkeeping Requirements Associated with Changes
in Foreign Investments (Made Pursuant to Regulation K).
Agency form number: FR 2064.
OMB control number: 7100-0109.
Frequency: On-occasion.
Reporters: State member banks, Edge Act and agreement corporations,
and bank holding companies.
Estimated annual reporting hours: 160 hours.
Estimated average hours per response: 2 hours.
Number of respondents: 20.
General description of report: The recordkeeping requirements of
this information collection are mandatory under section 5(c) of the BHC
Act (12 U.S.C. 1844(c)); sections 7 and 13(a) of the International
Banking Act of 1978 (12 U.S.C. 3105 and 3108(a)); section 25 of the
Federal Reserve Act (FRA) (12 U.S.C. 601-604a); section 25A of the FRA
(12 U.S.C. 611-631); and Regulation K (12 CFR 211.8(c)-211.10(a)).
Since the Federal Reserve does not collect any records, no issue of
confidentiality under the Freedom of Information Act (FOIA) arises.
FOIA will only be implicated if the Federal Reserve's examiners retain
a copy of the records in their examination or supervision of the
institution, and would be exempt from disclosure pursuant to FOIA (5
U.S.C. 552(b)(4), (b)(6), and (b)(8)).
Abstract: Internationally active U.S banking organizations are
required to maintain adequate internal records that demonstrate
compliance with the investment provisions contained in Subpart A of
International Banking Operations (Regulation K). For each investment
made under Subpart A of Regulation K, internal records should be
maintained regarding the type of investment, for example, equity
(voting shares, nonvoting shares, partnerships, interests conferring
ownership rights, participating loans), binding commitments, capital
contributions, and subordinated debt; the amount of the investment; the
percentage ownership; activities conducted by the company and the legal
authority for such activities; and whether the investment was made
under general consent, prior notice, or specific consent authority.
With respect to investments made under general consent authority,
information also must be maintained that demonstrates compliance with
the various limits set out in section 211.9 of Regulation K.
2. Report title: Microeconomic Survey.
Agency form number: FR 3051.
OMB control number: 7100-0321.
Frequency: Annually and monthly, as needed.
Reporters: Individuals, households, and financial and non-financial
businesses.
Estimated annual reporting hours: Annual survey, 6,000 hours;
Monthly survey, 18,000 hours.
Estimated average hours per response: Annual survey, 60 minutes;
Monthly survey, 30 minutes.
Number of respondents: Annual survey, 6,000; Monthly survey, 3,000.
General description of report: This information collection is
voluntary and is authorized by sections 2A and 12A of the Federal
Reserve Act (12 U.S.C. 225A and 263). If needed, the Federal Reserve
can make this survey mandatory for Federal Reserve regulated
institutions under section 9 of the Federal Reserve Act (12 U.S.C. 324)
for state member banks; section 5(c) of the Bank Holding Company Act
(12 U.S.C. 1844(c)) for bank holding companies and their subsidiaries;
sections 25 and 25(A) of the Federal Reserve Act (12 U.S.C. 602 and
625) for Edge and agreement corporations; and section 7(c)(2) of the
International Banking Act of 1978 (12 U.S.C. 3105(c)(2)) for U.S.
branches and agencies of foreign banks.
If the FR 3051 survey information is collected with a pledge of
confidentiality for exclusively statistical purposes under Confidential
Information Protection and Statistical Efficiency Act (CIPSEA), the
information may not be disclosed by the Federal Reserve (or its
contractor) in identifiable form, except with the informed consent of
the respondent (CIPSEA 512(b), codified in notes to 44 U.S.C. 3501).
Such information is therefore protected from disclosure under exemption
3 of the Freedom of Information Act (FOIA) (5 U.S.C. 552(b)(3)). If a
CIPSEA pledge is made, either by the Federal Reserve or by its
contractor, the Federal Reserve must safeguard the information as
required by CIPSEA and OMB guidance.
If the FR 3051 survey information is not being collected under
CIPSEA, the ability of the Federal Reserve to maintain the
confidentiality of information provided by respondents will have to be
determined on a case-by-case basis and depends on the type of
information provided for a particular survey. In circumstances where
identifying information is provided to the Federal Reserve, such
information could possibly be protected from disclosure by FOIA
exemptions 4 and 6.
Abstract: The Federal Reserve implemented this event-driven survey
in 2009 and uses it to obtain information specifically tailored to the
Federal Reserve's supervisory, regulatory, operational, and other
responsibilities. The Federal Reserve can conduct the FR 3051 up to 13
times per year (annual survey and another survey on a monthly basis).
The frequency and content of the questions depend on changing economic,
regulatory, or legislative developments.
[[Page 19988]]
3. Report title: Recordkeeping and Disclosure Provisions associated
with Stress Testing Guidance.
Agency form number: FR 4202.
OMB control number: 7100-0348.
Frequency: On-occasion.
Reporters: State member banks, bank holding companies, and all
other institutions for which the Federal Reserve is the primary federal
supervisor.
Estimated annual reporting hours: Recordkeeping, 18,000 hours;
Disclosure, 8,000 hours.
Estimated average hours per response: Recordkeeping, 180 hours;
Disclosure, 80 hours.
Number of respondents: Recordkeeping, 100; Disclosure, 100.
General description of report: This information collection is
voluntary and is authorized pursuant to sections 11(a), 11(i), 25, and
25A of the Federal Reserve Act (12 U.S.C. 248(a), 248(i), 602, and
611), section 5 of the Bank Holding Company Act (12 U.S.C. 1844), and
section 7(c) of the International Banking Act (12 U.S.C. 3105(c)). To
the extent the Federal Reserve collects information during an
examination of a banking organization, confidential treatment may be
afforded to the records under exemptions 4 and 8 of the Freedom of
Information Act (FOIA) (5 U.S.C. 552(b)(4) and (8)).
Abstract: The interagency guidance outlines high-level principles
for stress testing practices, applicable to all Federal Reserve-
supervised, FDIC-supervised, and OCC-supervised banking organizations
\1\ with more than $10 billion in total consolidated assets. In
developing a stress testing framework and in carrying out stress tests,
banking organizations \2\ should understand and clearly document all
assumptions, uncertainties, and limitations, and provide that
information to users of the stress testing results. To ensure proper
governance over the stress testing framework, banking organizations
should develop and maintain written policies and procedures.
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\1\ The agencies that were party to the rulemaking were the
Office of the Comptroller of the Currency (OCC); Board of Governors
of the Federal Reserve System (Board); and Federal Deposit Insurance
Corporation (FDIC).
\2\ For purposes of this guidance, the term ``banking
organization'' means national banks and Federal branches and
agencies supervised by the OCC; state member banks, bank holding
companies, and all other institutions for which the Federal Reserve
is the primary federal supervisor; and state nonmember insured banks
and other institutions supervised by the FDIC.
Board of Governors of the Federal Reserve System, April 8, 2015.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2015-08406 Filed 4-13-15; 8:45 am]
BILLING CODE 6210-01-P
