Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 33534-33535 [2016-12470]

Download as PDF sradovich on DSK3TPTVN1PROD with NOTICES 33534 Federal Register / Vol. 81, No. 102 / Thursday, May 26, 2016 / Notices 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—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, without revision, of the following report: Report title: Notice By Financial Institutions of Government Securities Broker or Government Securities Dealer Activities; Notice By Financial Institutions of Termination of Activities as a Government Securities Broker or Government Securities Dealer. Agency form number: Form G–FIN; Form G–FINW. OMB control number: 7100–0224. Frequency: On occasion. Reporters: State member banks, foreign banks, uninsured state branches or state agencies of foreign banks, commercial lending companies owned or controlled by foreign banks, and Edge corporations. Estimated annual reporting hours: 5 hours. Estimated average hours per response: Form G–FIN, 1 hour; Form G–FINW, 0.25 hour. Number of respondents: Form G–FIN, 4; Form G–FINW, 2. General description of report: The Securities and Exchange Act of 1934 authorizes the Board to require these notices. The notices are authorized under 15 U.S.C. 78o–5(a)(l)(B)(i), which requires a financial institution that is a broker or dealer of government securities dealer to notify the appropriate regulatory agency (ARA) that it is a government securities broker or a government securities dealer (Form G–FIN notice), or that it has ceased to act as such (Form G–FINW notice). In addition, 15 U.S.C. 78o–5(b)(1) directs the Treasury to adopt rules requiring every government securities broker and government securities dealer to collect information and to provide reports to the applicable ARA. The Board is an VerDate Sep<11>2014 18:47 May 25, 2016 Jkt 238001 ARA. 15 U.S.C. 78c(a)(34)(G)(ii). Further support for the creation and collection of these notices by the Board is found in Treasury regulations, authorized by 15 U.S.C. 78o–5(b)(l), instructing that any amendments or corrections to a financial institution’s status as a government securities broker or dealer also be filed with the ARA on the Form GFIN notice. 17 CFR 400.5(b). Under the Act, the Secretary of the Treasury is authorized to exempt any government securities broker or dealer, or class thereof, from the notice requirement of section 78o–5(a)(1)(B). See 15 U.S.C. 78o–5(a)(5). Thus, the obligation to file the notices with the Board is mandatory for those financial institutions for which the Board serves as the ARA, unless the financial institution is exempted from the notice filing requirement by Treasury regulations (17 CFR part 401). If an exemption no longer applies, the institution must immediately file a notice. The filing of these notices is event generated. Respondents file two copies of the notices directly with the Board. Under the statute, the Board forwards one copy to the Securities and Exchange Commission (SEC), and the notices are then made public by the SEC. 15 U.S.C. 78o–5(a)(l)(B)(iii). While the statute only requires the SEC to produce the notices to the public, the notices are also available to the public upon request made to the Board. Accordingly, the Board does not consider these data to be confidential. Abstract: The Government Securities Act of 1986 (the Act) requires financial institutions to notify their ARA of their intent to engage in government securities broker or dealer activity, to amend information submitted previously, and to record their termination of such activity. The Federal Reserve is the ARA for state member banks, foreign banks, uninsured state branches or state agencies of foreign banks, commercial lending companies owned or controlled by foreign banks, and Edge corporations. The Federal Reserve uses the information in its supervisory capacity to measure compliance with the Act. Current Actions: On February 29, 2016, the Board published a notice in the Federal Register (81 FR 10248) requesting public comment for 60 days on the proposal to extend the FR G–FIN and FR G–FINW for three years without revision. The comment period for the notice expired on April 29, 2016. The Federal Reserve did not receive any comments, and the information collection will be extended as proposed. PO 00000 Frm 00076 Fmt 4703 Sfmt 4703 Board of Governors of the Federal Reserve System, May 23, 2016. Robert deV. Frierson, Secretary of the Board. [FR Doc. 2016–12471 Filed 5–25–16; 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: Notice is hereby given of the final approval of a proposed information collection 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 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, without revision, of the following reports: 1. Report title: Written Security Program for State Member Banks. Agency form number: FR 4004. OMB control number: 7100–0112. Frequency: On occasion. Reporters: State member banks. Number of respondents: 45. Estimated average hours per response: 0.5 hours. Estimated annual reporting hours: 23 hours. AGENCY: E:\FR\FM\26MYN1.SGM 26MYN1 sradovich on DSK3TPTVN1PROD with NOTICES Federal Register / Vol. 81, No. 102 / Thursday, May 26, 2016 / Notices Abstract: The board of directors of each state member bank must designate a security officer to assume the responsibility for the development and administration of a written security program within 180 days of opening for business. Each state member bank must develop and implement a written security program for the bank’s main office and branches and maintain it in the bank’s records. The designated security officer must report at least annually to the bank’s board of directors on the implementation, administration, and effectiveness of the written security program. There is no formal reporting form and the information is not submitted to the Federal Reserve. Legal authorization and confidentiality: This recordkeeping requirement is mandatory pursuant to section 3 of the Bank Protection Act (12 U.S.C. 1882(a)) and Regulation H (12 CFR 208.61). Because written security programs are maintained at state member banks, no issue of confidentiality under the Freedom of Information Act (FOIA) normally arises. However, copies of such documents included in examination work papers would, in such form, be confidential pursuant to exemption 8 of FOIA (5 U.S.C. 552(b)(8)). In addition, the records may also be exempt from disclosure under exemption 4 of FOIA (5 U.S.C. 552(b)(4)). Current Actions: On February 23, 2016, the Board published a notice in the Federal Register (81 FR 8958) requesting public comment for 60 days on the proposal to extend the FR 4004 for three years without revision. The comment period for the notice expired on April 25, 2016. The Federal Reserve did not receive any comments, and the information collection will be extended as proposed. 2. Report title: Risk-Based Capital Guidelines: Market Risk. Agency form number: FR 4201. OMB control number: 7100–0314. Frequency: Varied—some requirements are done at least quarterly and some at least annually. Reporters: State member banks, bank holding companies, and certain savings and loan holding companies. Number of respondents: 28. Estimated burden per respondent: 1,964 hours. Total estimated annual burden: 54,992 hours. Abstract: The market risk rule is an important component of the Board’s regulatory capital framework (12 CFR 217) that requires banking organizations to measure and hold capital to cover their exposure to market risk. On July 2, 2013, the Federal Reserve adopted a VerDate Sep<11>2014 18:47 May 25, 2016 Jkt 238001 revised regulatory capital framework, including the market risk rule, which was expanded to include certain savings and loan holding companies. The information-collection requirements in the market risk rule provide the most current statistical data available to identify areas of market risk on which to focus for onsite and offsite examinations and allow the Federal Reserve to assess and monitor the levels and components of each reporting institution’s risk-based capital requirements for market risk and the adequacy of the institution’s capital under the market risk rule. The reporting, recordkeeping, and disclosure requirements are found in sections 12 CFR 217.203–217.210, and 217.212. These requirements enhance risk sensitivity and introduce requirements for public disclosure of certain qualitative and quantitative information about a financial institution’s market risk. There are no required reporting forms associated with this information collection. Legal authorization and confidentiality: The FR 4201 is authorized under 12 U.S.C. 324, 1844(c), and 1467a(b)(2)(A). Information collected pursuant to the reporting requirements of the FR 4201 (specifically, information related to seeking regulatory approval for the use of certain incremental and comprehensive risk models and methodologies under sections 217.208 and 217.209) is exempt from disclosure pursuant to exemption (b)(8) of FOIA (5 U.S.C 552(b)(8)), and exemption (b)(4) of FOIA (5 U.S.C. 552(b)(4)). Exemption (b)(8) applies because the reported information is contained in or related to examination reports. Exemption (b)(4) applies because the information provided to obtain regulatory approval of the incremental or comprehensive risk models is confidential business information the release of which could cause substantial competitive harm to the reporting company. The recordkeeping requirements of the FR 4201 require banking organizations to maintain documentation regarding certain policies and procedures, trading and hedging strategies, and internal models. These documents would remain on the premises of the banking organizations and accordingly would not generally be subject to a FOIA request. To the extent these documents are provided to the regulators, they would be exempt under exemption (b)(8), and may be exempt under exemption (b)(4). Exemption (b)(4) protects from disclosure ‘‘trade secrets and commercial or financial information PO 00000 Frm 00077 Fmt 4703 Sfmt 4703 33535 obtained from a person and privileged or confidential.’’ The disclosure requirements of the FR 4201 do not raise any confidentiality issues because they require banking organizations to make certain information public. Current Actions: On February 23, 2016, the Board published a notice in the Federal Register (81 FR 8958) requesting public comment for 60 days on the proposal to extend the FR 4201 for three years without revision. The comment period for the notice expired on April 25, 2016. The Federal Reserve did not receive any comments, and the information collection will be extended as proposed. Board of Governors of the Federal Reserve System, May 23, 2016. Robert deV. Frierson, Secretary of the Board. [FR Doc. 2016–12470 Filed 5–25–16; 8:45 am] BILLING CODE 6210–01–P GENERAL SERVICES ADMINISTRATION [OMB Control No. 3090–0302; Docket 2016– 0001; Sequence 2] General Services Administration Acquisition Regulation; Submission for OMB Review; Modifications 552.238–81 Office of Acquisition Policy, General Services Administration (GSA). ACTION: Notice of request for public comments regarding an extension to an existing OMB clearance. AGENCY: Under the provisions of the Paperwork Reduction Act, the Regulatory Secretariat Division will be submitting to the Office of Management and Budget (OMB) a request to review and approve an information collection requirement regarding the Modifications clause. DATES: Submit comments on or before: June 27, 2016. FOR FURTHER INFORMATION CONTACT: Ms. Dana Munson, Procurement Analyst, General Services Acquisition Policy Division, GSA, 202–357–9652 or email dana.munson@gsa.gov. ADDRESSES: Submit comments regarding this burden estimate or any other aspect of this collection of information, including suggestions for reducing this burden to: Office of Information and Regulatory Affairs of OMB, Attention: Desk Officer for GSA, Room 10236, NEOB, Washington, DC 20503. Additionally submit a copy to GSA by any of the following methods: • Regulations.gov: http:// www.regulations.gov. Submit comments SUMMARY: E:\FR\FM\26MYN1.SGM 26MYN1

Agencies

[Federal Register Volume 81, Number 102 (Thursday, May 26, 2016)]
[Notices]
[Pages 33534-33535]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-12470]


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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 a proposed 
information collection 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 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, without revision, of the following reports:
    1. Report title: Written Security Program for State Member Banks.
    Agency form number: FR 4004.
    OMB control number: 7100-0112.
    Frequency: On occasion.
    Reporters: State member banks.
    Number of respondents: 45.
    Estimated average hours per response: 0.5 hours.
    Estimated annual reporting hours: 23 hours.

[[Page 33535]]

    Abstract: The board of directors of each state member bank must 
designate a security officer to assume the responsibility for the 
development and administration of a written security program within 180 
days of opening for business. Each state member bank must develop and 
implement a written security program for the bank's main office and 
branches and maintain it in the bank's records. The designated security 
officer must report at least annually to the bank's board of directors 
on the implementation, administration, and effectiveness of the written 
security program. There is no formal reporting form and the information 
is not submitted to the Federal Reserve.
    Legal authorization and confidentiality: This recordkeeping 
requirement is mandatory pursuant to section 3 of the Bank Protection 
Act (12 U.S.C. 1882(a)) and Regulation H (12 CFR 208.61). Because 
written security programs are maintained at state member banks, no 
issue of confidentiality under the Freedom of Information Act (FOIA) 
normally arises. However, copies of such documents included in 
examination work papers would, in such form, be confidential pursuant 
to exemption 8 of FOIA (5 U.S.C. 552(b)(8)). In addition, the records 
may also be exempt from disclosure under exemption 4 of FOIA (5 U.S.C. 
552(b)(4)).
    Current Actions: On February 23, 2016, the Board published a notice 
in the Federal Register (81 FR 8958) requesting public comment for 60 
days on the proposal to extend the FR 4004 for three years without 
revision. The comment period for the notice expired on April 25, 2016. 
The Federal Reserve did not receive any comments, and the information 
collection will be extended as proposed.
    2. Report title: Risk-Based Capital Guidelines: Market Risk.
    Agency form number: FR 4201.
    OMB control number: 7100-0314.
    Frequency: Varied--some requirements are done at least quarterly 
and some at least annually.
    Reporters: State member banks, bank holding companies, and certain 
savings and loan holding companies.
    Number of respondents: 28.
    Estimated burden per respondent: 1,964 hours.
    Total estimated annual burden: 54,992 hours.
    Abstract: The market risk rule is an important component of the 
Board's regulatory capital framework (12 CFR 217) that requires banking 
organizations to measure and hold capital to cover their exposure to 
market risk. On July 2, 2013, the Federal Reserve adopted a revised 
regulatory capital framework, including the market risk rule, which was 
expanded to include certain savings and loan holding companies. The 
information-collection requirements in the market risk rule provide the 
most current statistical data available to identify areas of market 
risk on which to focus for onsite and offsite examinations and allow 
the Federal Reserve to assess and monitor the levels and components of 
each reporting institution's risk-based capital requirements for market 
risk and the adequacy of the institution's capital under the market 
risk rule. The reporting, recordkeeping, and disclosure requirements 
are found in sections 12 CFR 217.203-217.210, and 217.212. These 
requirements enhance risk sensitivity and introduce requirements for 
public disclosure of certain qualitative and quantitative information 
about a financial institution's market risk. There are no required 
reporting forms associated with this information collection.
    Legal authorization and confidentiality: The FR 4201 is authorized 
under 12 U.S.C. 324, 1844(c), and 1467a(b)(2)(A). Information collected 
pursuant to the reporting requirements of the FR 4201 (specifically, 
information related to seeking regulatory approval for the use of 
certain incremental and comprehensive risk models and methodologies 
under sections 217.208 and 217.209) is exempt from disclosure pursuant 
to exemption (b)(8) of FOIA (5 U.S.C 552(b)(8)), and exemption (b)(4) 
of FOIA (5 U.S.C. 552(b)(4)). Exemption (b)(8) applies because the 
reported information is contained in or related to examination reports. 
Exemption (b)(4) applies because the information provided to obtain 
regulatory approval of the incremental or comprehensive risk models is 
confidential business information the release of which could cause 
substantial competitive harm to the reporting company. The 
recordkeeping requirements of the FR 4201 require banking organizations 
to maintain documentation regarding certain policies and procedures, 
trading and hedging strategies, and internal models. These documents 
would remain on the premises of the banking organizations and 
accordingly would not generally be subject to a FOIA request. To the 
extent these documents are provided to the regulators, they would be 
exempt under exemption (b)(8), and may be exempt under exemption 
(b)(4). Exemption (b)(4) protects from disclosure ``trade secrets and 
commercial or financial information obtained from a person and 
privileged or confidential.'' The disclosure requirements of the FR 
4201 do not raise any confidentiality issues because they require 
banking organizations to make certain information public.
    Current Actions: On February 23, 2016, the Board published a notice 
in the Federal Register (81 FR 8958) requesting public comment for 60 
days on the proposal to extend the FR 4201 for three years without 
revision. The comment period for the notice expired on April 25, 2016. 
The Federal Reserve did not receive any comments, and the information 
collection will be extended as proposed.

    Board of Governors of the Federal Reserve System, May 23, 2016.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2016-12470 Filed 5-25-16; 8:45 am]
 BILLING CODE 6210-01-P