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