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