Proposed Agency Information Collection Activities; Comment Request, 10480-10484 [2017-02827]
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Federal Register / Vol. 82, No. 28 / Monday, February 13, 2017 / Notices
offer degree and/or non-degree programs
primarily by the distance or
correspondence education method up to
and including the professional doctoral
degree, including those institutions that
are specifically certified by the agency
as accredited for Title IV purposes.
8. Middle States Commission on
Secondary Schools, Scope of
Recognition: The accreditation of
institutions with postsecondary, nondegree granting career and technology
programs in Delaware, Maryland, New
Jersey, New York, Pennsylvania, the
Commonwealth of Puerto Rico, the
District of Columbia, and the U.S. Virgin
Islands, to include the accreditation of
postsecondary, non-degree granting
institutions that offer all or part of their
educational programs via distance
education modalities.
9. Southern Association of Colleges
and Schools Commission on Colleges
(SACSCOC), Scope of Recognition: The
accreditation and preaccreditation
(‘‘Candidate for Accreditation’’) of
degree-granting institutions of higher
education in Alabama, Florida, Georgia,
Kentucky, Louisiana, Mississippi, North
Carolina, South Carolina, Tennessee,
Texas, and Virginia, including the
accreditation of programs offered via
distance and correspondence education
within these institutions. This
recognition extends to the SACSCOC
Board of Trustees and the Appeals
Committee of the College Delegate
Assembly on cases of initial candidacy
or initial accreditation and for
continued accreditation or candidacy.
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Application for an Expansion of Scope
Commission on Collegiate Nursing
Education, Scope of Recognition: The
accreditation of nursing education
programs in the United States, at the
baccalaureate, master’s and doctoral
degree levels, including programs
offering distance education. Requested
Scope: The accreditation of nursing
education programs in the United
States, at the baccalaureate, master’s,
doctoral, and certificate levels,
including programs offering distance
education.
Application for Granting of Academic
(Master’s and Doctoral) Degrees by
Federal Agencies and Institutions
1. Air University (Air Command and
Staff College): Air University seeks to
expand its educational offerings by
offering a Master’s degree in Airpower
Strategy and Technology Integration.
2. Army’s Command and General Staff
College: Notification of name change for
two degree programs currently approved
and offered by the College. The proposal
would change the MMAS (Theater
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Operations) to Master of Arts in Military
Operations and the MMAS (Strategic
Operations) to Master of Arts in
Strategic Studies.
Submission of Written Comments
Regarding a Specific Accrediting
Agency or State Approval Agency
Under Review
Written comments about the
recognition of a specific accrediting or
State agency must be received by March
12, 2017, in the ThirdPartyComments@
ed.gov mailbox and include the subject
line ‘‘Written Comments: (agency
name).’’ The email must include the
name(s), title, organization/affiliation,
mailing address, email address, and
telephone number of the person(s)
making the comment. Comments should
be submitted as a Microsoft Word
document or in a medium compatible
with Microsoft Word (not a PDF file)
that is attached to an electronic mail
message (email) or provided in the body
of an email message. Comments about
an agency’s recognition after review of
a compliance report must relate to
issues identified in the compliance
report and the criteria for recognition
cited in the senior Department official’s
letter that requested the report, or in the
Secretary’s appeal decision, if any.
Comments about the renewal of an
agency’s recognition based on a review
of the agency’s petition must relate to its
compliance with the Criteria for the
Recognition of Accrediting Agencies, or
the Criteria and Procedures for
Recognition of State Agencies for
Approval of Nurse Education as
appropriate, which are available at
https://www.ed.gov/admins/finaid/
accred/.
Only material submitted by the
deadline to the email address listed in
this notice, and in accordance with
these instructions, become part of the
official record concerning agencies
scheduled for review and are considered
by the Department and NACIQI in their
deliberations.
Electronic Access to this Document:
The official version of this document is
the document published in the Federal
Register. Free Internet access to the
official edition of the Federal Register
and the Code of Federal Regulations is
available via the Federal Digital System
at: www.gpo.gov/fdsys. At this site you
can view this document, as well as all
other documents of this Department
published in the Federal Register, in
text or Adobe Portable Document
Format (PDF). To use PDF, you must
have Adobe Acrobat Reader, which is
available free at the site. You may also
access documents of the Department
published in the Federal Register by
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using the article search feature at:
www.federalregister.gov. Specifically,
through the advanced search feature at
this site, you can limit your search to
documents published by the
Department.
Authority: 20 U.S.C. 1011c.
Gail McLarnon,
Acting Deputy Assistant Secretary for
Planning, Policy, and Innovation.
[FR Doc. 2017–02867 Filed 2–10–17; 8:45 am]
BILLING CODE P
FEDERAL ELECTION COMMISSION
Sunshine Act Meeting
Federal Election Commission.
Thursday, February 9,
2017 at 10:00 a.m.
PLACE: 999 E Street NW., Washington,
DC (Ninth Floor).
STATUS: This meeting will be open to
the public.
AGENCY:
DATE AND TIME:
FEDERAL REGISTER NOTICE OF PREVIOUS
ANNOUNCEMENT: 82 FR 9381.
The February
9, 2017 meeting was cancelled.
PERSON TO CONTACT FOR INFORMATION:
Judith Ingram, Press Officer, Telephone:
(202) 694–1220.
CHANGE IN THE MEETING:
Dayna C. Brown,
Acting Secretary and Clerk of the
Commission.
[FR Doc. 2017–02923 Filed 2–9–17; 11:15 am]
BILLING CODE 6715–01–P
FEDERAL RESERVE SYSTEM
Proposed Agency Information
Collection Activities; Comment
Request
Board of Governors of the
Federal Reserve System.
ACTION: Notice for comment regarding
the Federal Reserve proposal to extend
without revision, the clearance under
the Paperwork Reduction Act for the
following information collection
activity.
AGENCY:
The Board of Governors of the
Federal Reserve System (Board or
Federal Reserve) invites comment on a
proposal to extend, without revision,
the voluntary Generic Clearance for
Surveys of Consumer and Community
Affairs Publications and Resources (FR
1378; OMB No. 7100–0358); a proposal
to extend, without revision, the
voluntary Generic Clearance for
Consumer and Stakeholder Surveys (FR
3073; OMB No. 7100–0359), a proposal
to extend for three years, without
SUMMARY:
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revision, the required Report of Net
Debit Cap (FR 2226, OMB No. 7100–
0217), and a proposal to extend for three
years, without revision, the following
voluntary Payments Systems Surveys
(OMB No. 7100–0332):
• Ad Hoc Payments Systems Survey (FR
3054a)
• Currency Quality Sampling Survey
(FR 3054b)
• Currency Quality Survey (FR 3054c)
• Currency Functionality and
Perception Survey (FR 3054d)
On June 15, 1984, the Office of
Management and Budget (OMB)
delegated to the Board authority under
the Paperwork Reduction Act (PRA) to
approve of and assign OMB control
numbers to collection of information
requests and requirements conducted or
sponsored by the Board. In exercising
this delegated authority, the Board is
directed to take every reasonable step to
solicit comment. In determining
whether to approve a collection of
information, the Board will consider all
comments received from the public and
other agencies.
DATES: Comments must be submitted on
or before April 14, 2017.
ADDRESSES: You may submit comments,
identified by FR 1378, FR 3073, FR
2226, or FR 3054abcd, by any of the
following methods:
• Agency Web site: https://
www.federalreserve.gov. Follow the
instructions for submitting comments at
https://www.federalreserve.gov/apps/
foia/proposedregs.aspx.
• Federal eRulemaking Portal: https://
www.regulations.gov. Follow the
instructions for submitting comments.
• Email: regs.comments@
federalreserve.gov. Include OMB
number in the subject line of the
message.
• FAX: (202) 452–3819 or (202) 452–
3102.
• Mail: Robert deV. Frierson,
Secretary, Board of Governors of the
Federal Reserve System, 20th Street and
Constitution Avenue NW., Washington,
DC 20551.
All public comments are available
from the Board’s Web site at https://
www.federalreserve.gov/apps/foia/
proposedregs.aspx as submitted, unless
modified for technical reasons.
Accordingly, your comments will not be
edited to remove any identifying or
contact information. Public comments
may also be viewed electronically or in
paper form in Room 3515, 1801 K Street
(between 18th and 19th Streets NW.),
Washington, DC 20006 between 9:00
a.m. and 5:00 p.m. on weekdays.
Additionally, commenters may send a
copy of their comments to the OMB
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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 Proposals
The Board invites public comment on
the following information collection,
which is being reviewed under
authority delegated by the OMB under
the PRA. 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 startup costs
and costs of operation, maintenance,
and purchase of services to provide
information.
At the end of the comment period, the
comments and recommendations
received will be analyzed to determine
the extent to which the Federal Reserve
should modify the proposed revisions
prior to giving final approval.
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Proposal To Approve Under OMB
Delegated Authority the Extension for
Three Years, Without Revision, of the
Following Reports
1. Report title: Generic Clearance for
Surveys of Consumer and Community
Affairs Publications and Resources.
Agency form number: FR 1378.
OMB control number: 7100–0358.
Frequency: On occasion.
Respondents: Individuals,
households, nonprofits, community
development organizations, consumer
groups, financial institutions, other
financial companies offering consumer
financial products and services, other
for profit companies, state or local
agencies, and researchers from
academic, government, policy and other
institutions.
Estimated number of respondents:
Consumer surveys: Quantitative
surveys, 1,000 respondents; and
Qualitative surveys, 50 respondents;
and Stakeholder surveys: Quantitative
surveys, 800 respondents; and
Qualitative surveys, 50 respondents.
Estimated average hours per response:
Consumer surveys: Quantitative
surveys, 0.25 hours; and Qualitative
surveys, 1.50 hours; and Stakeholder
surveys: Quantitative surveys, 0.25
hours; and Qualitative surveys, 1.50
hours.
Estimated annual burden hours:
Consumer surveys: Quantitative
surveys, 500 hours; and Qualitative
surveys, 300 hours; and Stakeholder
surveys: Quantitative surveys, 1,200
hours; and Qualitative surveys, 300
hours.
General Description of Report: The
Board uses this collection to seek input
from users or potential users of the
Board’s publications, resources, and
conference materials to understand their
interests and needs; to inform decisions
concerning content, design, and
dissemination strategies; to gauge public
awareness of the Board’s publications,
resources, and conferences; and to
assess the effectiveness of the Board’s
communications with various
respondents.1
1 Certain criteria apply to information collections
conducted via the Board’s generic clearance
process. Such information collections shall (1) be
vetted by the Board’s clearance officer as well as the
Division director responsible for the information
collection; (2) display the OMB control number and
respondents shall be informed that the information
collection has been approved, (3) be used only in
such cases where response is voluntary, (4) not be
used to substantially inform regulatory actions or
policy decisions, (5) be conducted only and exactly
as described in the OMB submission, (6) involve
only noncontroversial subject matter that will not
raise concerns for other Federal agencies, (7)
include information collection instruments that are
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The surveys in this collection are
used to gather qualitative and
quantitative information directly from
users or potential users of Board
publications, resources, and conference
materials, such as consumers (consumer
surveys) and stakeholders (stakeholder
surveys). Stakeholders may include, but
are not limited to, nonprofits,
community development organizations,
consumer groups, conference attendees,
financial institutions and other financial
companies offering consumer financial
products and services, other for profit
companies, state or local agencies, and
researchers from academic, government,
policy and other institutions.
Publications and resources may include
reports and brochures, as well as audio
and visual content, whether delivered in
print, online, or through other means.
Legal authorization and
confidentiality: The Board’s Legal
Division has determined that the FR
1378 is generally authorized under
sections 2A and 12A of the Federal
Reserve Act. Section 2A requires that
the Board of Governors of the Federal
Reserve System and the Federal Open
Market Committee (FOMC) 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). In addition, under section
12A of the Federal Reserve Act, the
FOMC is required 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 the regulations’
bearing upon the general credit situation
of the country (12 U.S.C. 263). The
authority of the Federal Reserve to
collect information to carry out the
requirements of these provisions is
implicit. Accordingly, the Federal
Reserve is authorized to collect the
information called for by the FR 1378 by
sections 2A and 12A of the Federal
Reserve Act.
In addition, the Board is responsible
for implementing and drafting
regulations and interpretations for
various consumer protection laws. The
information obtained from the FR 1378
each conducted only one time, (8) include a
detailed justification of the effective and efficient
statistical survey methodology (if applicable), and
(9) collect personally identifiable information (PII)
only to the extent necessary (if collecting PII, the
form must display current privacy act notice). In
addition, for each information collection
instrument, respondent burden will be tracked and
submitted to OMB.
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may be used in support of the Board’s
development and implementation of
regulatory provisions for these laws.
Therefore, depending on the survey
questions asked, the FR 1378 may be
authorized pursuant to the Board’s
authority under one or more of the
following consumer protection statutes:
• Community Reinvestment Act, (12
U.S.C. 2905);
• Competitive Equality Banking Act,
(12 U.S.C. 3806);
• Expedited Funds Availability Act,
(12 U.S.C. 4008);
• Truth in Lending Act, (15 U.S.C.
1604); 2
• Fair Credit Reporting Act, (15
U.S.C. 1681s(e)); 3
• Equal Credit Opportunity Act, (15
U.S.C. 1691b); 4
• Electronic Funds Transfer Act, (15
U.S.C. 1693b & 1693o–2); 5
• Gramm-Leach-Bliley Act, (15 U.S.C.
6801(b)); 6 and
• Flood Disaster Protection Act of
1973, Section 102 (42 U.S.C. 4012a).
The surveys are voluntary. The Board
does not consider the information
collected on these surveys to be
confidential. Thus, no issue of
confidentiality arises.
2. Report title: Generic Clearance for
Consumer and Stakeholder Surveys.
Agency form number: FR 3073.
OMB control number: 7100–0359.
Frequency: On occasion.
Respondents: Individuals,
households, community groups,
community development organizations,
non-profit service providers, faith-based
service organizations, public sector
agencies, small business owners, health
care organizations, food banks, K–12
public and private schools, community
colleges, community development
2 Although the Dodd-Frank Act (DFA) cut back
the Board’s authority under the Truth in Lending
Act, the Board retains rule writing authority for
implementing regulations with respect to auto
dealers. DFA 1100A(7).
3 Although the DFA cut back the Board’s
authority under the Fair Credit Reporting Act, the
Board retains rule writing authority for red flags,
address changes, and disposal of records. DFA
1002(12)(F) and 1088(a)(2)(D).
4 Although the DFA cut back the Board’s
authority under the Equal Credit Opportunity Act,
the Board retains rule writing authority for
implementing regulations with respect to auto
dealers. DFA 1085(3).
5 Although the DFA cut back the Board’s
authority under the Electronic Fund Transfers Act,
the Board retains rule writing authority for
interchange fee regulations and authority to
implement regulations with respect to auto dealers.
DFA 1075 & 1084.
6 Although the DFA cut back the Board’s
authority under the Gramm-Leach-Bliley Act, the
Board maintains the authority to establish
appropriate standards for the financial institutions
relating to administrative, technical and physical
safeguards for certain customer records and
information. DFA 1002(12).
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financial institutions, credit unions,
banks, and other financial institutions
and companies offering financial
products and services.
Estimated number of respondents:
Consumer surveys: Quantitative surveys
(medium), 3,000 respondents;
Quantitative surveys (large), 6,000
respondents; and Qualitative surveys,
50 respondents; and Stakeholder
surveys: Quantitative surveys, 1,500
respondents and Qualitative surveys, 50
respondents.
Estimated average hours per response:
Consumer surveys: Quantitative surveys
(medium), 0.25 hours; Quantitative
surveys (large), 0.40 hours; and
Qualitative surveys, 1.50 hours; and
Stakeholder surveys: Quantitative
surveys, 0.25 hours and Qualitative
surveys, 1.50 hours.
Estimated annual burden hours:
Consumer surveys: Quantitative surveys
(medium), 3,000 hours; Quantitative
surveys (large), 4,800 hours; and
Qualitative surveys, 600 hours; and
Stakeholder surveys: Quantitative
surveys, 3,000 hours and Qualitative
surveys, 600 hours.
General Description of Report: The
Board uses this collection to inform
consumer-focused research, implement
statutory requirements, and facilitate
community development. The surveys
in this collection inform the Board’s
work by identifying emerging risks and
providing additional data on the issues
that affect the well-being of consumers
and communities and how the financial
services marketplace functions.7
The surveys in this collection gather
quantitative and qualitative information
directly from individual consumers or
households (consumer surveys) on
consumer finance topics. This collection
also gathers quantitative and qualitative
information on current and emerging
community economic issues from
7 Certain criteria apply to information collections
conducted via the Board’s generic clearance
process. Such information collections shall (1) be
vetted by the Board’s clearance officer as well as the
Division director responsible for the information
collection, (2) display the OMB control number and
respondents shall be informed that the information
collection has been approved, (3) be used only in
such cases where response is voluntary, (4) not be
used to substantially inform regulatory actions or
policy decisions, (5) be conducted only and exactly
as described in the OMB submission, (6) involve
only noncontroversial subject matter that will not
raise concerns for other Federal agencies, (7)
include information collection instruments that are
each conducted only one time, (8) include a
detailed justification of the effective and efficient
statistical survey methodology (if applicable), and
(9) collect personally identifiable information (PII)
only to the extent necessary (if collecting PII, the
form must display current privacy act notice). In
addition, for each information collection
instrument, respondent burden will be tracked and
submitted to OMB.
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stakeholders (stakeholder surveys).
Examples of stakeholders include, for
example, such organizations as
community groups, community
development organizations, nonprofit
service providers, faith-based service
organizations, public sector agencies,
small business owners, health care
organizations, food banks, K–12 public
and private schools, community
colleges, community development
financial institutions, credit unions,
banks, and other financial institutions
and companies offering financial
products and services. While these
surveys are ongoing, the frequency and
content of the questions may change
depending on economic conditions,
regulatory or legislative developments,
as well as changes in technology,
business practices, and other factors
affecting consumers, stakeholders, and
communities.
Legal authorization and
confidentiality: The Board’s Legal
Division has determined that FR 3073 is
generally authorized under sections 2A
and 12A of the Federal Reserve Act.
Section 2A requires that the Board of
Governors of the Federal Reserve
System and the Federal Open Market
Committee (FOMC) 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). In
addition, under section 12A of the
Federal Reserve Act, the FOMC is
required 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 the regulations’ bearing upon the
general credit situation of the country
(12 U.S.C. part 263). The authority of
the Federal Reserve to collect
information to carry out the
requirements of these provisions is
implicit. Accordingly, the Federal
Reserve is authorized to collect the
information called for by the FR 3073 by
sections 2A and 12A of the Federal
Reserve Act.
The Board is responsible for
implementing and drafting regulations
and interpretations for various
consumer protection laws. The
information obtained from the FR 3073
may be used in support of the Board’s
development and implementation of
regulatory provisions for these laws.
Therefore, depending on the survey
questions asked, the FR 3073 may be
authorized pursuant to the Board’s
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authority under one or more of the
following consumer protection statutes:
• Community Reinvestment Act, (12
U.S.C. part 2905);
• Competitive Equality Banking Act,
(12 U.S.C. part 3806);
• Expedited Funds Availability Act,
(12 U.S.C. part 4008);
• Truth in Lending Act, (15 U.S.C.
part 1604); 8
• Fair Credit Reporting Act, (15
U.S.C. 1681s(e)); 9
• Equal Credit Opportunity Act, (15
U.S.C. 1691b); 10
• Electronic Funds Transfer Act, (15
U.S.C. 1693b and 1693o–2); 11
• Gramm-Leach-Bliley Act, (15 U.S.C.
6801(b)); 12 and
• Flood Disaster Protection Act of
1973, section 102 (42 U.S.C. 4012a).
Additionally, depending upon the
survey respondent, the information
collection may be authorized under a
more specific statute. Specifically, the
Board is authorized to collect
information from state member banks
under section 9 of the Federal Reserve
Act (12 U.S.C. part 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.
parts 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)). Participation in the FR
3073 is voluntary.
The ability of the Federal Reserve to
maintain the confidentiality of
information provided by respondents to
8 Although the Dodd-Frank Act (DFA) cut back
the Board’s authority under the Truth in Lending
Act, the Board retains rule writing authority for
implementing regulations with respect to auto
dealers (DFA section 1100A(7)).
9 Although the DFA cut back the Board’s
authority under the Fair Credit Reporting Act, the
Board retains rule writing authority for red flags,
address changes, and disposal of records (DFA
sections 1002(12)(F) and 1088(a)(2)(D)).
10 Although the DFA cut back the Board’s
authority under the Equal Credit Opportunity Act,
the Board retains rule writing authority for
implementing regulations with respect to auto
dealers (DFA section 1085(3)).
11 Although the DFA cut back the Board’s
authority under the Electronic Fund Transfers Act,
the Board retains rule writing authority for
interchange fee regulations and authority to
implement regulations with respect to auto dealers
(DFA sections 1075 and 1084).
12 Although the DFA cut back the Board’s
authority under the Gramm-Leach-Bliley Act, the
Board maintains the authority to establish
appropriate standards for the financial institutions
relating to administrative, technical and physical
safeguards for certain customer records and
information (DFA section 1002(12)).
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10483
the FR 3073 surveys will have to be
determined on a case by case basis
depending on the type of information
provided for a particular survey. Some
of the information collected on the
surveys may be protected from Freedom
of Information Act (FOIA) disclosure by
FOIA exemptions 4 and 6. Exemption 4
protects from disclosure trade secrets
and commercial or financial
information, while Exemption 6 protects
information ‘‘the disclosure of which
would constitute a clearly unwarranted
invasion of personal privacy.’’ See 5
U.S.C. 552(b)(4) and (6).
3. Report title: Report of Net Debit
Cap.
Agency form number: FR 2226.
OMB control number: 7100–0217.
Frequency: Annually.
Respondents: Depository institution’s
board of directors.
Estimated number of respondents: De
Minimis Cap, 941 respondents; SelfAssessment Cap, 125 respondents; and
Maximum Daylight Overdraft Capacity,
3 respondents.
Estimated average hours per response:
De Minimis Cap, Self-Assessment Cap,
and Maximum Daylight Overdraft
Capacity, 1 hour.
Estimated annual burden hours: De
Minimis Cap, 941 hours; SelfAssessment Cap, 125 hours; and
Maximum Daylight Overdraft Capacity,
3 hours.
General Description of Report: Federal
Reserve Banks collect these data
annually to provide information that is
essential for their administration of the
Board’s Payment System Risk (PSR)
policy. The reporting panel includes all
financially healthy depository
institutions with access to the discount
window. The Report of Net Debit Cap
comprises three resolutions, which are
filed by a depository institution’s board
of directors depending on its needs. The
first resolution is used to establish a de
minimis net debit cap and the second
resolution is used to establish a selfassessed net debit cap.13 The third
resolution is used to establish
simultaneously a self-assessed net debit
cap and maximum daylight overdraft
capacity.
Legal authorization and
confidentiality: The Board’s Legal
Division has determined that the FR
2226 is authorized pursuant to sections
13 Institutions use these two resolutions to
establish a capacity for daylight overdrafts above
the lesser of $10 million or 20 percent of the
institution’s capital measure. Financially healthy
U.S. chartered institutions that rarely incur daylight
overdrafts in excess of the lesser of $10 million or
20 percent of the institution’s capital measure do
not need to file board of directors’ resolutions or
self-assessments with their Reserve Bank.
E:\FR\FM\13FEN1.SGM
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jstallworth on DSK7TPTVN1PROD with NOTICES
10484
Federal Register / Vol. 82, No. 28 / Monday, February 13, 2017 / Notices
11, 16, and 19 of the Federal Reserve
Act. 12 (U.S.C. 248(i), 248–1, 464). The
obligation to respond is required for the
institution to obtain the benefit of an
increase in daylight overdraft capacity
beyond the limit afforded by the
exempt-from-filing cap. The Board has
confirmed that the disclosure of
information collected on the FR 2226
would likely cause substantial harm to
the competitive position of the
respondent institution. Therefore, the
FR 2226 is exempt from disclosure
under exemption (b)(4) of the Freedom
of Information Act (FOIA), which
exempts from disclosure ‘‘trade secrets
and commercial or financial information
obtained from a person and privileged
or confidential.’’ (5 U.S.C. 552(b)(4)). In
addition, information reported in
connection with the second and third
resolutions may be protected under
section (b)(8) of FOIA, to the extent that
such information is based on the
institution’s CAMELS rating, and thus is
related to examination reports prepared
by, on behalf of, or for the use of an
agency responsible for the regulation or
supervision of financial institutions. (5
U.S.C. 552(b)(8)).
4. Report title: Ad Hoc Payments
Survey (FR 3054a), Currency Quality
Sampling Survey (FR 3054b), Currency
Quality Survey (FR 3054c), and
Currency Functionality and Perception
Survey (FR 3054d).
Agency form number: FR 3054a, FR
3054b, FR 3054c, and FR 3054d.
OMB control number: 7100–0332
Frequency: FR 3054a, annually; FR
3054b, annually; FR 3054c, semiannually; and FR 3054d, quarterly.
Respondents: Financial, institutions
(or depository institutions) individuals,
law enforcement and nonfinancial
businesses (banknote equipment
manufacturers, or global wholesale bank
note dealers).
Estimated number of respondents: FR
3054a, 20,000 respondents; FR 3054b,
300 respondents; FR 3054c, 25
respondents; and FR 3054d, 250
respondents.
Estimated average hours per response:
FR 3054a, 0.75 hours; FR 3054b, 0.50
hours; FR 3054c, 30 hours; and FR
3054d, 2.50 hours.
Estimated annual burden hours: FR
3054a, 15,000 hours; FR 3054b, 150
hours; FR 3054c, 1,500 hours; and FR
3054d, 2,500 hours.
General Description of Report: The FR
3054a is an event-driven survey used to
obtain information specifically tailored
to the Federal Reserve’s operational and
fiscal agency responsibilities. The FR
3054a may be conducted independently
VerDate Sep<11>2014
13:41 Feb 10, 2017
Jkt 241001
by the Board or jointly with another
government agency, a Reserve Bank, or
a private firm. The FR 3054b is an
annual survey used to assess the quality
of currency in circulation and may be
conducted by the Federal Reserve
Board, jointly with the Federal Reserve
Bank of San Francisco’s Cash Product
Office (CPO), the Federal Reserve Bank
of Richmond’s Currency Technology
Office (CTO), and each Reserve Bank’s
cash department. The FR 3054c is a
semiannual survey used to determine
depository institutions’ and Banknote
Equipment Manufacturers’ (BEMs)
opinions of currency quality and may be
conducted jointly with the CPO and
CTO. The FR 3054d is an annual survey
used to assess the functionality of
Federal Reserve notes in bank-note
handling equipment. The data collected
from the FR 3054d are used as inputs for
future designs of Federal Reserve notes.
The FR 3054d may be conducted jointly
with the U.S. Treasury’s Bureau of
Engraving and Printing (BEP) and the
CTO. The FR 3054a, FR 3054b, FR
3054c, and FR 3054d are sent to
financial and nonfinancial businesses.
The Federal Reserve Board may use
the data collected from these surveys to
determine (1) demand for currency and
coin, (2) market preferences regarding
currency quality, (3) quality of currency
in circulation, (4) features used by the
public and bank note authentication
equipment to denominate and
authenticate bank notes, and (5)
whether changes to Reserve Bank
sorting algorithms are necessary to
ensure that currency in circulation
remains fit for commerce.
Legal authorization and
confidentiality: The Board’s Legal
Division has determined that section
11(d) of the Federal Reserve Act (12
U.S.C. 248(d)) authorizes the Board to
‘‘supervise and regulate through the
Secretary of the Treasury the issue and
retirement of Federal reserve notes,
except for the cancellation and
destruction, and accounting with
respect to such cancellation and
destruction, of notes unfit for
circulation, and to prescribe rules and
regulations under which such notes may
be delivered by the Secretary of the
Treasury to the Federal Reserve agents
applying therefor.’’ This provision of the
Federal Reserve Act provides the legal
authorization for this information
collection. The obligation to respond to
the FR 3054a, FR 3054b, FR 3054c, and
FR 3054d is voluntary.
Because survey questions may differ
from survey to survey, it is difficult to
determine in advance whether the
PO 00000
Frm 00035
Fmt 4703
Sfmt 4703
information collected will be considered
confidential. However, information may
be exempt from disclosure under
exemption 4 of the Freedom of
Information Act, 5 U.S.C. 552(b)(4), if
disclosure would likely have the effect
of (1) impairing the government’s ability
to obtain the necessary information in
the future, or (2) causing substantial
harm to the competitive position of the
respondent. Additionally, should survey
responses contain any information of a
private nature the disclosure of which
would constitute ‘‘a clearly unwarranted
invasion of personal privacy,’’ such
information may be exempt from
disclosure under exemption 6, 5 U.S.C.
552(b)(6). Confidentiality matters
should be treated on a case-by-case basis
to determine if any of the above
exemptions apply.
Board of Governors of the Federal Reserve
System, February 7, 2017.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2017–02827 Filed 2–10–17; 8:45 am]
BILLING CODE 6210–01–P
FEDERAL TRADE COMMISSION
Granting of Request for Early
Termination of the Waiting Period
Under the Premerger Notification
Rules
Section 7A of the Clayton Act, 15
U.S.C. 18a, as added by Title II of the
Hart-Scott-Rodino Antitrust
Improvements Act of 1976, requires
persons contemplating certain mergers
or acquisitions to give the Federal Trade
Commission and the Assistant Attorney
General advance notice and to wait
designated periods before
consummation of such plans. Section
7A(b)(2) of the Act permits the agencies,
in individual cases, to terminate this
waiting period prior to its expiration
and requires that notice of this action be
published in the Federal Register.
The following transactions were
granted early termination—on the dates
indicated—of the waiting period
provided by law and the premerger
notification rules. The listing for each
transaction includes the transaction
number and the parties to the
transaction. The grants were made by
the Federal Trade Commission and the
Assistant Attorney General for the
Antitrust Division of the Department of
Justice. Neither agency intends to take
any action with respect to these
proposed acquisitions during the
applicable waiting period.
E:\FR\FM\13FEN1.SGM
13FEN1
]]>Agencies
[Federal Register Volume 82, Number 28 (Monday, February 13, 2017)]
[Notices]
[Pages 10480-10484]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-02827]
=======================================================================
-----------------------------------------------------------------------
FEDERAL RESERVE SYSTEM
Proposed Agency Information Collection Activities; Comment
Request
AGENCY: Board of Governors of the Federal Reserve System.
ACTION: Notice for comment regarding the Federal Reserve proposal to
extend without revision, the clearance under the Paperwork Reduction
Act for the following information collection activity.
-----------------------------------------------------------------------
SUMMARY: The Board of Governors of the Federal Reserve System (Board or
Federal Reserve) invites comment on a proposal to extend, without
revision, the voluntary Generic Clearance for Surveys of Consumer and
Community Affairs Publications and Resources (FR 1378; OMB No. 7100-
0358); a proposal to extend, without revision, the voluntary Generic
Clearance for Consumer and Stakeholder Surveys (FR 3073; OMB No. 7100-
0359), a proposal to extend for three years, without
[[Page 10481]]
revision, the required Report of Net Debit Cap (FR 2226, OMB No. 7100-
0217), and a proposal to extend for three years, without revision, the
following voluntary Payments Systems Surveys (OMB No. 7100-0332):
Ad Hoc Payments Systems Survey (FR 3054a)
Currency Quality Sampling Survey (FR 3054b)
Currency Quality Survey (FR 3054c)
Currency Functionality and Perception Survey (FR 3054d)
On June 15, 1984, the Office of Management and Budget (OMB)
delegated to the Board authority under the Paperwork Reduction Act
(PRA) to approve of and assign OMB control numbers to collection of
information requests and requirements conducted or sponsored by the
Board. In exercising this delegated authority, the Board is directed to
take every reasonable step to solicit comment. In determining whether
to approve a collection of information, the Board will consider all
comments received from the public and other agencies.
DATES: Comments must be submitted on or before April 14, 2017.
ADDRESSES: You may submit comments, identified by FR 1378, FR 3073, FR
2226, or FR 3054abcd, by any of the following methods:
Agency Web site: https://www.federalreserve.gov. Follow the
instructions for submitting comments at https://www.federalreserve.gov/apps/foia/proposedregs.aspx.
Federal eRulemaking Portal: https://www.regulations.gov.
Follow the instructions for submitting comments.
Email: regs.comments@federalreserve.gov. Include OMB
number in the subject line of the message.
FAX: (202) 452-3819 or (202) 452-3102.
Mail: Robert deV. Frierson, Secretary, Board of Governors
of the Federal Reserve System, 20th Street and Constitution Avenue NW.,
Washington, DC 20551.
All public comments are available from the Board's Web site at
https://www.federalreserve.gov/apps/foia/proposedregs.aspx as submitted,
unless modified for technical reasons. Accordingly, your comments will
not be edited to remove any identifying or contact information. Public
comments may also be viewed electronically or in paper form in Room
3515, 1801 K Street (between 18th and 19th Streets NW.), Washington, DC
20006 between 9:00 a.m. and 5:00 p.m. on weekdays.
Additionally, commenters may send a copy of their comments to the
OMB Desk Officer--Shagufta Ahmed--Office of Information and Regulatory
Affairs, Office of Management and Budget, New Executive Office
Building, Room 10235, 725 17th Street NW., Washington, DC 20503 or by
fax to (202) 395-6974.
FOR FURTHER INFORMATION CONTACT: A copy of the PRA OMB submission,
including the proposed reporting form and instructions, supporting
statement, and other documentation will be placed into OMB's public
docket files, once approved. These documents will also be made
available on the Federal Reserve Board's public Web site at: https://www.federalreserve.gov/apps/reportforms/review.aspx or may be 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 Proposals
The Board invites public comment on the following information
collection, which is being reviewed under authority delegated by the
OMB under the PRA. 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 startup costs and costs of operation,
maintenance, and purchase of services to provide information.
At the end of the comment period, the comments and recommendations
received will be analyzed to determine the extent to which the Federal
Reserve should modify the proposed revisions prior to giving final
approval.
Proposal To Approve Under OMB Delegated Authority the Extension for
Three Years, Without Revision, of the Following Reports
1. Report title: Generic Clearance for Surveys of Consumer and
Community Affairs Publications and Resources.
Agency form number: FR 1378.
OMB control number: 7100-0358.
Frequency: On occasion.
Respondents: Individuals, households, nonprofits, community
development organizations, consumer groups, financial institutions,
other financial companies offering consumer financial products and
services, other for profit companies, state or local agencies, and
researchers from academic, government, policy and other institutions.
Estimated number of respondents: Consumer surveys: Quantitative
surveys, 1,000 respondents; and Qualitative surveys, 50 respondents;
and Stakeholder surveys: Quantitative surveys, 800 respondents; and
Qualitative surveys, 50 respondents.
Estimated average hours per response: Consumer surveys:
Quantitative surveys, 0.25 hours; and Qualitative surveys, 1.50 hours;
and Stakeholder surveys: Quantitative surveys, 0.25 hours; and
Qualitative surveys, 1.50 hours.
Estimated annual burden hours: Consumer surveys: Quantitative
surveys, 500 hours; and Qualitative surveys, 300 hours; and Stakeholder
surveys: Quantitative surveys, 1,200 hours; and Qualitative surveys,
300 hours.
General Description of Report: The Board uses this collection to
seek input from users or potential users of the Board's publications,
resources, and conference materials to understand their interests and
needs; to inform decisions concerning content, design, and
dissemination strategies; to gauge public awareness of the Board's
publications, resources, and conferences; and to assess the
effectiveness of the Board's communications with various
respondents.\1\
---------------------------------------------------------------------------
\1\ Certain criteria apply to information collections conducted
via the Board's generic clearance process. Such information
collections shall (1) be vetted by the Board's clearance officer as
well as the Division director responsible for the information
collection; (2) display the OMB control number and respondents shall
be informed that the information collection has been approved, (3)
be used only in such cases where response is voluntary, (4) not be
used to substantially inform regulatory actions or policy decisions,
(5) be conducted only and exactly as described in the OMB
submission, (6) involve only noncontroversial subject matter that
will not raise concerns for other Federal agencies, (7) include
information collection instruments that are each conducted only one
time, (8) include a detailed justification of the effective and
efficient statistical survey methodology (if applicable), and (9)
collect personally identifiable information (PII) only to the extent
necessary (if collecting PII, the form must display current privacy
act notice). In addition, for each information collection
instrument, respondent burden will be tracked and submitted to OMB.
---------------------------------------------------------------------------
[[Page 10482]]
The surveys in this collection are used to gather qualitative and
quantitative information directly from users or potential users of
Board publications, resources, and conference materials, such as
consumers (consumer surveys) and stakeholders (stakeholder surveys).
Stakeholders may include, but are not limited to, nonprofits, community
development organizations, consumer groups, conference attendees,
financial institutions and other financial companies offering consumer
financial products and services, other for profit companies, state or
local agencies, and researchers from academic, government, policy and
other institutions. Publications and resources may include reports and
brochures, as well as audio and visual content, whether delivered in
print, online, or through other means.
Legal authorization and confidentiality: The Board's Legal Division
has determined that the FR 1378 is generally authorized under sections
2A and 12A of the Federal Reserve Act. Section 2A requires that the
Board of Governors of the Federal Reserve System and the Federal Open
Market Committee (FOMC) 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). In addition, under section 12A of the Federal Reserve
Act, the FOMC is required 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 the regulations'
bearing upon the general credit situation of the country (12 U.S.C.
263). The authority of the Federal Reserve to collect information to
carry out the requirements of these provisions is implicit.
Accordingly, the Federal Reserve is authorized to collect the
information called for by the FR 1378 by sections 2A and 12A of the
Federal Reserve Act.
In addition, the Board is responsible for implementing and drafting
regulations and interpretations for various consumer protection laws.
The information obtained from the FR 1378 may be used in support of the
Board's development and implementation of regulatory provisions for
these laws. Therefore, depending on the survey questions asked, the FR
1378 may be authorized pursuant to the Board's authority under one or
more of the following consumer protection statutes:
Community Reinvestment Act, (12 U.S.C. 2905);
Competitive Equality Banking Act, (12 U.S.C. 3806);
Expedited Funds Availability Act, (12 U.S.C. 4008);
Truth in Lending Act, (15 U.S.C. 1604); \2\
Fair Credit Reporting Act, (15 U.S.C. 1681s(e)); \3\
---------------------------------------------------------------------------
\2\ Although the Dodd-Frank Act (DFA) cut back the Board's
authority under the Truth in Lending Act, the Board retains rule
writing authority for implementing regulations with respect to auto
dealers. DFA 1100A(7).
\3\ Although the DFA cut back the Board's authority under the
Fair Credit Reporting Act, the Board retains rule writing authority
for red flags, address changes, and disposal of records. DFA
1002(12)(F) and 1088(a)(2)(D).
---------------------------------------------------------------------------
Equal Credit Opportunity Act, (15 U.S.C. 1691b); \4\
---------------------------------------------------------------------------
\4\ Although the DFA cut back the Board's authority under the
Equal Credit Opportunity Act, the Board retains rule writing
authority for implementing regulations with respect to auto dealers.
DFA 1085(3).
---------------------------------------------------------------------------
Electronic Funds Transfer Act, (15 U.S.C. 1693b & 1693o-
2); \5\
---------------------------------------------------------------------------
\5\ Although the DFA cut back the Board's authority under the
Electronic Fund Transfers Act, the Board retains rule writing
authority for interchange fee regulations and authority to implement
regulations with respect to auto dealers. DFA 1075 & 1084.
---------------------------------------------------------------------------
Gramm-Leach-Bliley Act, (15 U.S.C. 6801(b)); \6\ and
---------------------------------------------------------------------------
\6\ Although the DFA cut back the Board's authority under the
Gramm-Leach-Bliley Act, the Board maintains the authority to
establish appropriate standards for the financial institutions
relating to administrative, technical and physical safeguards for
certain customer records and information. DFA 1002(12).
---------------------------------------------------------------------------
Flood Disaster Protection Act of 1973, Section 102 (42
U.S.C. 4012a).
The surveys are voluntary. The Board does not consider the
information collected on these surveys to be confidential. Thus, no
issue of confidentiality arises.
2. Report title: Generic Clearance for Consumer and Stakeholder
Surveys.
Agency form number: FR 3073.
OMB control number: 7100-0359.
Frequency: On occasion.
Respondents: Individuals, households, community groups, community
development organizations, non-profit service providers, faith-based
service organizations, public sector agencies, small business owners,
health care organizations, food banks, K-12 public and private schools,
community colleges, community development financial institutions,
credit unions, banks, and other financial institutions and companies
offering financial products and services.
Estimated number of respondents: Consumer surveys: Quantitative
surveys (medium), 3,000 respondents; Quantitative surveys (large),
6,000 respondents; and Qualitative surveys, 50 respondents; and
Stakeholder surveys: Quantitative surveys, 1,500 respondents and
Qualitative surveys, 50 respondents.
Estimated average hours per response: Consumer surveys:
Quantitative surveys (medium), 0.25 hours; Quantitative surveys
(large), 0.40 hours; and Qualitative surveys, 1.50 hours; and
Stakeholder surveys: Quantitative surveys, 0.25 hours and Qualitative
surveys, 1.50 hours.
Estimated annual burden hours: Consumer surveys: Quantitative
surveys (medium), 3,000 hours; Quantitative surveys (large), 4,800
hours; and Qualitative surveys, 600 hours; and Stakeholder surveys:
Quantitative surveys, 3,000 hours and Qualitative surveys, 600 hours.
General Description of Report: The Board uses this collection to
inform consumer-focused research, implement statutory requirements, and
facilitate community development. The surveys in this collection inform
the Board's work by identifying emerging risks and providing additional
data on the issues that affect the well-being of consumers and
communities and how the financial services marketplace functions.\7\
---------------------------------------------------------------------------
\7\ Certain criteria apply to information collections conducted
via the Board's generic clearance process. Such information
collections shall (1) be vetted by the Board's clearance officer as
well as the Division director responsible for the information
collection, (2) display the OMB control number and respondents shall
be informed that the information collection has been approved, (3)
be used only in such cases where response is voluntary, (4) not be
used to substantially inform regulatory actions or policy decisions,
(5) be conducted only and exactly as described in the OMB
submission, (6) involve only noncontroversial subject matter that
will not raise concerns for other Federal agencies, (7) include
information collection instruments that are each conducted only one
time, (8) include a detailed justification of the effective and
efficient statistical survey methodology (if applicable), and (9)
collect personally identifiable information (PII) only to the extent
necessary (if collecting PII, the form must display current privacy
act notice). In addition, for each information collection
instrument, respondent burden will be tracked and submitted to OMB.
---------------------------------------------------------------------------
The surveys in this collection gather quantitative and qualitative
information directly from individual consumers or households (consumer
surveys) on consumer finance topics. This collection also gathers
quantitative and qualitative information on current and emerging
community economic issues from
[[Page 10483]]
stakeholders (stakeholder surveys). Examples of stakeholders include,
for example, such organizations as community groups, community
development organizations, nonprofit service providers, faith-based
service organizations, public sector agencies, small business owners,
health care organizations, food banks, K-12 public and private schools,
community colleges, community development financial institutions,
credit unions, banks, and other financial institutions and companies
offering financial products and services. While these surveys are
ongoing, the frequency and content of the questions may change
depending on economic conditions, regulatory or legislative
developments, as well as changes in technology, business practices, and
other factors affecting consumers, stakeholders, and communities.
Legal authorization and confidentiality: The Board's Legal Division
has determined that FR 3073 is generally authorized under sections 2A
and 12A of the Federal Reserve Act. Section 2A requires that the Board
of Governors of the Federal Reserve System and the Federal Open Market
Committee (FOMC) 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). In addition, under section 12A of the Federal Reserve
Act, the FOMC is required 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 the regulations'
bearing upon the general credit situation of the country (12 U.S.C.
part 263). The authority of the Federal Reserve to collect information
to carry out the requirements of these provisions is implicit.
Accordingly, the Federal Reserve is authorized to collect the
information called for by the FR 3073 by sections 2A and 12A of the
Federal Reserve Act.
The Board is responsible for implementing and drafting regulations
and interpretations for various consumer protection laws. The
information obtained from the FR 3073 may be used in support of the
Board's development and implementation of regulatory provisions for
these laws. Therefore, depending on the survey questions asked, the FR
3073 may be authorized pursuant to the Board's authority under one or
more of the following consumer protection statutes:
Community Reinvestment Act, (12 U.S.C. part 2905);
Competitive Equality Banking Act, (12 U.S.C. part 3806);
Expedited Funds Availability Act, (12 U.S.C. part 4008);
Truth in Lending Act, (15 U.S.C. part 1604); \8\
---------------------------------------------------------------------------
\8\ Although the Dodd-Frank Act (DFA) cut back the Board's
authority under the Truth in Lending Act, the Board retains rule
writing authority for implementing regulations with respect to auto
dealers (DFA section 1100A(7)).
---------------------------------------------------------------------------
Fair Credit Reporting Act, (15 U.S.C. 1681s(e)); \9\
---------------------------------------------------------------------------
\9\ Although the DFA cut back the Board's authority under the
Fair Credit Reporting Act, the Board retains rule writing authority
for red flags, address changes, and disposal of records (DFA
sections 1002(12)(F) and 1088(a)(2)(D)).
---------------------------------------------------------------------------
Equal Credit Opportunity Act, (15 U.S.C. 1691b); \10\
---------------------------------------------------------------------------
\10\ Although the DFA cut back the Board's authority under the
Equal Credit Opportunity Act, the Board retains rule writing
authority for implementing regulations with respect to auto dealers
(DFA section 1085(3)).
---------------------------------------------------------------------------
Electronic Funds Transfer Act, (15 U.S.C. 1693b and 1693o-
2); \11\
---------------------------------------------------------------------------
\11\ Although the DFA cut back the Board's authority under the
Electronic Fund Transfers Act, the Board retains rule writing
authority for interchange fee regulations and authority to implement
regulations with respect to auto dealers (DFA sections 1075 and
1084).
---------------------------------------------------------------------------
Gramm-Leach-Bliley Act, (15 U.S.C. 6801(b)); \12\ and
---------------------------------------------------------------------------
\12\ Although the DFA cut back the Board's authority under the
Gramm-Leach-Bliley Act, the Board maintains the authority to
establish appropriate standards for the financial institutions
relating to administrative, technical and physical safeguards for
certain customer records and information (DFA section 1002(12)).
---------------------------------------------------------------------------
Flood Disaster Protection Act of 1973, section 102 (42
U.S.C. 4012a).
Additionally, depending upon the survey respondent, the information
collection may be authorized under a more specific statute.
Specifically, the Board is authorized to collect information from state
member banks under section 9 of the Federal Reserve Act (12 U.S.C. part
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. parts 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)). Participation in
the FR 3073 is voluntary.
The ability of the Federal Reserve to maintain the confidentiality
of information provided by respondents to the FR 3073 surveys will have
to be determined on a case by case basis depending on the type of
information provided for a particular survey. Some of the information
collected on the surveys may be protected from Freedom of Information
Act (FOIA) disclosure by FOIA exemptions 4 and 6. Exemption 4 protects
from disclosure trade secrets and commercial or financial information,
while Exemption 6 protects information ``the disclosure of which would
constitute a clearly unwarranted invasion of personal privacy.'' See 5
U.S.C. 552(b)(4) and (6).
3. Report title: Report of Net Debit Cap.
Agency form number: FR 2226.
OMB control number: 7100-0217.
Frequency: Annually.
Respondents: Depository institution's board of directors.
Estimated number of respondents: De Minimis Cap, 941 respondents;
Self-Assessment Cap, 125 respondents; and Maximum Daylight Overdraft
Capacity, 3 respondents.
Estimated average hours per response: De Minimis Cap, Self-
Assessment Cap, and Maximum Daylight Overdraft Capacity, 1 hour.
Estimated annual burden hours: De Minimis Cap, 941 hours; Self-
Assessment Cap, 125 hours; and Maximum Daylight Overdraft Capacity, 3
hours.
General Description of Report: Federal Reserve Banks collect these
data annually to provide information that is essential for their
administration of the Board's Payment System Risk (PSR) policy. The
reporting panel includes all financially healthy depository
institutions with access to the discount window. The Report of Net
Debit Cap comprises three resolutions, which are filed by a depository
institution's board of directors depending on its needs. The first
resolution is used to establish a de minimis net debit cap and the
second resolution is used to establish a self-assessed net debit
cap.\13\ The third resolution is used to establish simultaneously a
self-assessed net debit cap and maximum daylight overdraft capacity.
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\13\ Institutions use these two resolutions to establish a
capacity for daylight overdrafts above the lesser of $10 million or
20 percent of the institution's capital measure. Financially healthy
U.S. chartered institutions that rarely incur daylight overdrafts in
excess of the lesser of $10 million or 20 percent of the
institution's capital measure do not need to file board of
directors' resolutions or self-assessments with their Reserve Bank.
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Legal authorization and confidentiality: The Board's Legal Division
has determined that the FR 2226 is authorized pursuant to sections
[[Page 10484]]
11, 16, and 19 of the Federal Reserve Act. 12 (U.S.C. 248(i), 248-1,
464). The obligation to respond is required for the institution to
obtain the benefit of an increase in daylight overdraft capacity beyond
the limit afforded by the exempt-from-filing cap. The Board has
confirmed that the disclosure of information collected on the FR 2226
would likely cause substantial harm to the competitive position of the
respondent institution. Therefore, the FR 2226 is exempt from
disclosure under exemption (b)(4) of the Freedom of Information Act
(FOIA), which exempts from disclosure ``trade secrets and commercial or
financial information obtained from a person and privileged or
confidential.'' (5 U.S.C. 552(b)(4)). In addition, information reported
in connection with the second and third resolutions may be protected
under section (b)(8) of FOIA, to the extent that such information is
based on the institution's CAMELS rating, and thus is related to
examination reports prepared by, on behalf of, or for the use of an
agency responsible for the regulation or supervision of financial
institutions. (5 U.S.C. 552(b)(8)).
4. Report title: Ad Hoc Payments Survey (FR 3054a), Currency
Quality Sampling Survey (FR 3054b), Currency Quality Survey (FR 3054c),
and Currency Functionality and Perception Survey (FR 3054d).
Agency form number: FR 3054a, FR 3054b, FR 3054c, and FR 3054d.
OMB control number: 7100-0332
Frequency: FR 3054a, annually; FR 3054b, annually; FR 3054c, semi-
annually; and FR 3054d, quarterly.
Respondents: Financial, institutions (or depository institutions)
individuals, law enforcement and nonfinancial businesses (banknote
equipment manufacturers, or global wholesale bank note dealers).
Estimated number of respondents: FR 3054a, 20,000 respondents; FR
3054b, 300 respondents; FR 3054c, 25 respondents; and FR 3054d, 250
respondents.
Estimated average hours per response: FR 3054a, 0.75 hours; FR
3054b, 0.50 hours; FR 3054c, 30 hours; and FR 3054d, 2.50 hours.
Estimated annual burden hours: FR 3054a, 15,000 hours; FR 3054b,
150 hours; FR 3054c, 1,500 hours; and FR 3054d, 2,500 hours.
General Description of Report: The FR 3054a is an event-driven
survey used to obtain information specifically tailored to the Federal
Reserve's operational and fiscal agency responsibilities. The FR 3054a
may be conducted independently by the Board or jointly with another
government agency, a Reserve Bank, or a private firm. The FR 3054b is
an annual survey used to assess the quality of currency in circulation
and may be conducted by the Federal Reserve Board, jointly with the
Federal Reserve Bank of San Francisco's Cash Product Office (CPO), the
Federal Reserve Bank of Richmond's Currency Technology Office (CTO),
and each Reserve Bank's cash department. The FR 3054c is a semiannual
survey used to determine depository institutions' and Banknote
Equipment Manufacturers' (BEMs) opinions of currency quality and may be
conducted jointly with the CPO and CTO. The FR 3054d is an annual
survey used to assess the functionality of Federal Reserve notes in
bank-note handling equipment. The data collected from the FR 3054d are
used as inputs for future designs of Federal Reserve notes. The FR
3054d may be conducted jointly with the U.S. Treasury's Bureau of
Engraving and Printing (BEP) and the CTO. The FR 3054a, FR 3054b, FR
3054c, and FR 3054d are sent to financial and nonfinancial businesses.
The Federal Reserve Board may use the data collected from these
surveys to determine (1) demand for currency and coin, (2) market
preferences regarding currency quality, (3) quality of currency in
circulation, (4) features used by the public and bank note
authentication equipment to denominate and authenticate bank notes, and
(5) whether changes to Reserve Bank sorting algorithms are necessary to
ensure that currency in circulation remains fit for commerce.
Legal authorization and confidentiality: The Board's Legal Division
has determined that section 11(d) of the Federal Reserve Act (12 U.S.C.
248(d)) authorizes the Board to ``supervise and regulate through the
Secretary of the Treasury the issue and retirement of Federal reserve
notes, except for the cancellation and destruction, and accounting with
respect to such cancellation and destruction, of notes unfit for
circulation, and to prescribe rules and regulations under which such
notes may be delivered by the Secretary of the Treasury to the Federal
Reserve agents applying therefor.'' This provision of the Federal
Reserve Act provides the legal authorization for this information
collection. The obligation to respond to the FR 3054a, FR 3054b, FR
3054c, and FR 3054d is voluntary.
Because survey questions may differ from survey to survey, it is
difficult to determine in advance whether the information collected
will be considered confidential. However, information may be exempt
from disclosure under exemption 4 of the Freedom of Information Act, 5
U.S.C. 552(b)(4), if disclosure would likely have the effect of (1)
impairing the government's ability to obtain the necessary information
in the future, or (2) causing substantial harm to the competitive
position of the respondent. Additionally, should survey responses
contain any information of a private nature the disclosure of which
would constitute ``a clearly unwarranted invasion of personal
privacy,'' such information may be exempt from disclosure under
exemption 6, 5 U.S.C. 552(b)(6). Confidentiality matters should be
treated on a case-by-case basis to determine if any of the above
exemptions apply.
Board of Governors of the Federal Reserve System, February 7,
2017.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2017-02827 Filed 2-10-17; 8:45 am]
BILLING CODE 6210-01-P
