Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 8491-8492 [2016-03480]

Download as PDF Federal Register / Vol. 81, No. 33 / Friday, February 19, 2016 / Notices business required its consideration of the matters which were to be the subject of this meeting on less than seven days’ notice to the public; that no earlier notice of the meeting was practicable; that the public interest did not require consideration of the matters in a meeting open to public observation; and that the matters could be considered in a closed meeting by authority of subsections (c)(2), (c)(4), (c)(6), (c)(8), (c)(9)(A)(ii), (c)(9)(B), and (c)(10) of the ‘‘Government in the Sunshine Act’’ (5 U.S.C. 552b(c)(2), (c)(4), (c)(6), (c)(8), (c)(9)(A)(ii), (c)(9)(B), and (c)(10). Dated: February 17, 2016. Robert E. Feldman, Executive Secretary. [FR Doc. 2016–03604 Filed 2–17–16; 4:15 pm] BILLING CODE 6714–01–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: 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. Boardapproved 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 instrument(s) 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 Acting 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. OMB Desk Officer—Shagufta Ahmed—Office of Information and Regulatory Affairs, Office of Management and Budget, New Executive Office Building, Room 10235, asabaliauskas on DSK5VPTVN1PROD with NOTICES AGENCY: VerDate Sep<11>2014 17:59 Feb 18, 2016 Jkt 238001 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: Semiannual Report of Derivatives Activity. Agency form number: FR 2436. OMB Control number: 7100–0286. Effective Date: April 30, 2016. Frequency: Semiannually. Respondent type: U.S. dealers of overthe-counter derivatives. Estimated annual burden hours: 3,776 hours. Estimated average hours per response: 236 hours. Number of respondents: 8. Legal authorization and confidentiality: This information collection is voluntary and is authorized under section 2A and 12A of the Federal Reserve Act (FRA). Section 2A of the FRA requires the Federal Reserve Board and the Federal Open Market Committee (FOMC) to maintain long run growth of the monetary and credit aggregates commensurate with the economy’s long run potential to increase production, so as to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates (12 U.S.C. 225a) and section 12A of the FRA requires the FOMC to implement regulations relating to the open market operations conducted by Federal Reserve Banks with a view to accommodating commerce and business and with regard to their bearing upon the general credit situation of the country (12 U.S.C. 263). Because Federal Reserve System uses the information obtained from the FR 2436 to fulfill these obligations, these statutory provisions provide the legal authorization for the collection of information on the FR 2436. Additionally, because all survey respondents are currently registered as bank holding companies, this survey is also authorized under section 5(c) of the Bank Holding Company Act (12 U.S.C. 1844(c)). Because the release of this information would cause substantial harm to the competitive position of the entity from whom the information was obtained, the information collected on the FR 2436 may be granted confidential treatment under exemption (b)(4) of the Freedom of Information Act, 5 U.S.C. 552(b)(4), which protects from disclosure ‘‘trade secrets and commercial or financial information obtained from a person and privileged or confidential.’’ Abstract: This collection of information complements the triennial PO 00000 Frm 00018 Fmt 4703 Sfmt 4703 8491 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 aggregates of national data. Current Actions: On December 1, 2015 the Federal Reserve published a notice in the Federal Register (80 FR 75102) requesting public comment for 60 days on the extension, without revision, of the Semiannual Report of Derivatives Activity. The comment period for this notice expired on February 1, 2016. The Federal Reserve did not receive any comments. The revisions will be implemented as proposed. 2. Report title: Central Bank Survey of Foreign Exchange and Derivative Market Activity. Agency form number: FR 3036. OMB Control number: 7100–0285. Effective Date: June 30, 2016. Frequency: Triennially. Respondent types: Financial institutions that serve as intermediaries in the wholesale foreign exchange and derivatives market and dealers. Estimated annual burden hours: 1,320 hours. Estimated average hours per response: 55 hours. Number of respondents: 24. Legal authorization and confidentiality: This information collection is voluntary and is implicitly authorized under section 2A and 12A of the Federal Reserve Act (FRA). Section 2A of the FRA requires the Federal Reserve Board and the Federal Open Market Committee (FOMC) to maintain long run growth of the monetary and credit aggregates commensurate with the economy’s long run potential to increase production, so as to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates (12 U.S.C. 225a) and section 12A of the FRA requires the FOMC to implement regulations relating to the open market operations conducted by Federal Reserve Banks with a view to accommodating commerce and business and with regard to their bearing upon the general credit situation of the country (12 U.S.C. 263). Because Federal Reserve System uses the information obtained from the FR 3036 to fulfill these obligations, these statutory provisions provide the legal E:\FR\FM\19FEN1.SGM 19FEN1 8492 Federal Register / Vol. 81, No. 33 / Friday, February 19, 2016 / Notices authorization for the collection of information on the FR 3036.1 Because the Federal Reserve believes the release of this information would cause substantial harm to the competitive position of the entity from whom the information was obtained, the information collected on the FR 3036 may be granted confidential treatment under exemption (b)(4) of the Freedom of Information Act, 5 U.S.C. 552(b)(4), which protects from disclosure ‘‘trade secrets and commercial or financial information obtained from a person and privileged or confidential.’’ 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 2016. The Bank for International Settlements (BIS) compiles aggregate national data from each central bank to produce global market statistics. The Federal Reserve Bank of New Your (FRBNY) uses the survey to monitor activity in the foreign exchange and derivatives markets. Survey results also provide perspective on market developments for the Manager of the System Open Market Account, on the Desk’s trading relationships, and for planning Federal Reserve and U.S. Treasury foreign exchange operations. Respondents also use the published data to gauge their market share. Current Actions: On December 1, 2015 the Federal Reserve published a notice in the Federal Register (80 FR 75102) requesting public comment for 60 days on the extension, without revision, of the Semiannual Report of Derivatives Activity. The comment period for this notice expired on February 1, 2016. The Federal Reserve did not receive any comments. The revisions will be implemented as proposed. Board of Governors of the Federal Reserve System, February 16, 2016. Robert deV. Frierson, Secretary of the Board. [FR Doc. 2016–03480 Filed 2–18–16; 8:45 am] asabaliauskas on DSK5VPTVN1PROD with NOTICES BILLING CODE 6210–01–P 1 Additionally, depending upon the survey respondent, the information collection may be authorized under a more specific statute. Specifically, the Federal Reserve is authorized to collect information from state member banks under section 9 of the Federal Reserve Act (12 U.S.C. 324); from bank holding companies (and their subsidiaries) under section 5(c) of the Bank Holding Company Act (12 U.S.C. 1844(c)); from Edge and agreement corporations under section 25 and 25A of the Federal Reserve Act (12 U.S.C. 602 and 625); and from U.S. branches and agencies of foreign banks under section 7(c)(2) of the International Banking Act of 1978 (12 U.S.C. 3105(c)(2)) and under section 7(a) of the Federal Deposit Insurance Act (12 U.S.C. 1817(a)). VerDate Sep<11>2014 17:59 Feb 18, 2016 Jkt 238001 FEDERAL RESERVE SYSTEM Proposed Agency Information Collection Activities; Comment Request Board of Governors of the Federal Reserve System. SUMMARY: On June 15, 1984, the Office of Management and Budget (OMB) delegated to the Board of Governors of the Federal Reserve System (Board) its approval authority under the Paperwork Reduction Act (PRA), to approve of and assign OMB 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 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 number. DATES: Comments must be submitted on or before April 19, 2016. ADDRESSES: You may submit comments, identified by Reg Z, by any of the following methods: • Agency Web site: http:// www.federalreserve.gov. Follow the instructions for submitting comments at http://www.federalreserve.gov/apps/ foia/proposedregs.aspx. • Federal eRulemaking Portal: http:// www.regulations.gov. Follow the instructions for submitting comments. • Email: regs.comments@ federalreserve.gov. Include OMB number in the subject line of the message. • Fax: (202) 452–3819 or (202) 452– 3102. • Mail: 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 http:// www.federalreserve.gov/apps/foia/ proposedregs.aspx as submitted, unless modified for technical reasons. Accordingly, your comments will not be edited to remove any identifying or contact information. Public comments may also be viewed electronically or in paper form in Room 3515, 1801 K Street (between 18th and 19th Streets NW.,)Washington, DC 20006 between 9:00 a.m. and 5:00 p.m. on weekdays. AGENCY: PO 00000 Frm 00019 Fmt 4703 Sfmt 4703 Additionally, commenters may send a copy of their comments to the OMB Desk Officer—Shagufta Ahmed—Office of Information and Regulatory Affairs, Office of Management and Budget, New Executive Office Building, Room 10235 725 17th Street NW., Washington, DC 20503 or by fax to (202) 395–6974. FOR FURTHER INFORMATION CONTACT: A copy of the PRA OMB submission, including the proposed reporting form and instructions, supporting statement, and other documentation will be placed into OMB’s public docket files, once approved. These documents will also be made available on the Federal Reserve Board’s public Web site at: http:// www.federalreserve.gov/apps/ reportforms/review.aspx or may be requested from the agency clearance officer, whose name appears below. Federal Reserve Board Clearance Officer—Nuha Elmaghrabi—Office of the Chief Data Officer, Board of Governors of the Federal Reserve System, Washington, DC 20551 (202) 452–3829. Telecommunications Device for the Deaf (TDD) users may contact (202) 263–4869, Board of Governors of the Federal Reserve System, Washington, DC 20551. SUPPLEMENTARY INFORMATION: Request for Comment on Information Collection Proposal The following information collection, which is being handled under this delegated authority, has received initial Board approval and is hereby published for comment. At the end of the comment period, the proposed information collection, 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 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 start-up costs and costs of operation, maintenance, and purchase of services to provide information. E:\FR\FM\19FEN1.SGM 19FEN1

Agencies

[Federal Register Volume 81, Number 33 (Friday, February 19, 2016)]
[Notices]
[Pages 8491-8492]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-03480]


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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: 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. 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 instrument(s) 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 Acting 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.
    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: Semiannual Report of Derivatives Activity.
    Agency form number: FR 2436.
    OMB Control number: 7100-0286.
    Effective Date: April 30, 2016.
    Frequency: Semiannually.
    Respondent type: U.S. dealers of over-the-counter derivatives.
    Estimated annual burden hours: 3,776 hours.
    Estimated average hours per response: 236 hours.
    Number of respondents: 8.
    Legal authorization and confidentiality: This information 
collection is voluntary and is authorized under section 2A and 12A of 
the Federal Reserve Act (FRA). Section 2A of the FRA requires the 
Federal Reserve Board and the Federal Open Market Committee (FOMC) to 
maintain long run growth of the monetary and credit aggregates 
commensurate with the economy's long run potential to increase 
production, so as to promote effectively the goals of maximum 
employment, stable prices, and moderate long-term interest rates (12 
U.S.C. 225a) and section 12A of the FRA requires the FOMC to implement 
regulations relating to the open market operations conducted by Federal 
Reserve Banks with a view to accommodating commerce and business and 
with regard to their bearing upon the general credit situation of the 
country (12 U.S.C. 263). Because Federal Reserve System uses the 
information obtained from the FR 2436 to fulfill these obligations, 
these statutory provisions provide the legal authorization for the 
collection of information on the FR 2436.
    Additionally, because all survey respondents are currently 
registered as bank holding companies, this survey is also authorized 
under section 5(c) of the Bank Holding Company Act (12 U.S.C. 1844(c)).
    Because the release of this information would cause substantial 
harm to the competitive position of the entity from whom the 
information was obtained, the information collected on the FR 2436 may 
be granted confidential treatment under exemption (b)(4) of the Freedom 
of Information Act, 5 U.S.C. 552(b)(4), which protects from disclosure 
``trade secrets and commercial or financial information obtained from a 
person and privileged or confidential.''
    Abstract: This collection of information complements the 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 aggregates of national 
data.
    Current Actions: On December 1, 2015 the Federal Reserve published 
a notice in the Federal Register (80 FR 75102) requesting public 
comment for 60 days on the extension, without revision, of the 
Semiannual Report of Derivatives Activity. The comment period for this 
notice expired on February 1, 2016. The Federal Reserve did not receive 
any comments. The revisions will be implemented as proposed.

    2. Report title: Central Bank Survey of Foreign Exchange and 
Derivative Market Activity.
    Agency form number: FR 3036.
    OMB Control number: 7100-0285.
    Effective Date: June 30, 2016.
    Frequency: Triennially.
    Respondent types: Financial institutions that serve as 
intermediaries in the wholesale foreign exchange and derivatives market 
and dealers.
    Estimated annual burden hours: 1,320 hours.
    Estimated average hours per response: 55 hours.
    Number of respondents: 24.
    Legal authorization and confidentiality: This information 
collection is voluntary and is implicitly authorized under section 2A 
and 12A of the Federal Reserve Act (FRA). Section 2A of the FRA 
requires the Federal Reserve Board and the Federal Open Market 
Committee (FOMC) to maintain long run growth of the monetary and credit 
aggregates commensurate with the economy's long run potential to 
increase production, so as to promote effectively the goals of maximum 
employment, stable prices, and moderate long-term interest rates (12 
U.S.C. 225a) and section 12A of the FRA requires the FOMC to implement 
regulations relating to the open market operations conducted by Federal 
Reserve Banks with a view to accommodating commerce and business and 
with regard to their bearing upon the general credit situation of the 
country (12 U.S.C. 263). Because Federal Reserve System uses the 
information obtained from the FR 3036 to fulfill these obligations, 
these statutory provisions provide the legal

[[Page 8492]]

authorization for the collection of information on the FR 3036.\1\
---------------------------------------------------------------------------

    \1\ Additionally, depending upon the survey respondent, the 
information collection may be authorized under a more specific 
statute. Specifically, the Federal Reserve is authorized to collect 
information from state member banks under section 9 of the Federal 
Reserve Act (12 U.S.C. 324); from bank holding companies (and their 
subsidiaries) under section 5(c) of the Bank Holding Company Act (12 
U.S.C. 1844(c)); from Edge and agreement corporations under section 
25 and 25A of the Federal Reserve Act (12 U.S.C. 602 and 625); and 
from U.S. branches and agencies of foreign banks under section 
7(c)(2) of the International Banking Act of 1978 (12 U.S.C. 
3105(c)(2)) and under section 7(a) of the Federal Deposit Insurance 
Act (12 U.S.C. 1817(a)).
---------------------------------------------------------------------------

    Because the Federal Reserve believes the release of this 
information would cause substantial harm to the competitive position of 
the entity from whom the information was obtained, the information 
collected on the FR 3036 may be granted confidential treatment under 
exemption (b)(4) of the Freedom of Information Act, 5 U.S.C. 552(b)(4), 
which protects from disclosure ``trade secrets and commercial or 
financial information obtained from a person and privileged or 
confidential.''
    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 2016. The Bank for 
International Settlements (BIS) compiles aggregate national data from 
each central bank to produce global market statistics. The Federal 
Reserve Bank of New Your (FRBNY) uses the survey to monitor activity in 
the foreign exchange and derivatives markets. Survey results also 
provide perspective on market developments for the Manager of the 
System Open Market Account, on the Desk's trading relationships, and 
for planning Federal Reserve and U.S. Treasury foreign exchange 
operations. Respondents also use the published data to gauge their 
market share.
    Current Actions: On December 1, 2015 the Federal Reserve published 
a notice in the Federal Register (80 FR 75102) requesting public 
comment for 60 days on the extension, without revision, of the 
Semiannual Report of Derivatives Activity. The comment period for this 
notice expired on February 1, 2016. The Federal Reserve did not receive 
any comments. The revisions will be implemented as proposed.

    Board of Governors of the Federal Reserve System, February 16, 
2016.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2016-03480 Filed 2-18-16; 8:45 am]
BILLING CODE 6210-01-P