Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 58396-58397 [2017-26710]
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58396
Federal Register / Vol. 82, No. 237 / Tuesday, December 12, 2017 / Notices
Federal Communications Commission.
Marlene H. Dortch,
Secretary, Office of the Secretary.
[FR Doc. 2017–26729 Filed 12–11–17; 8:45 am]
BILLING CODE 6712–01–P
FEDERAL COMMUNICATIONS
COMMISSION
Federal Advisory Committee Act;
Communications Security, Reliability,
and Interoperability Council
Federal Communications
Commission.
ACTION: Notice.
AGENCY:
In accordance with the
Federal Advisory Committee Act, this
document advises interested persons
that the Federal Communications
Commission’s (FCC or Commission)
Communications Security, Reliability,
and Interoperability Council (CSRIC) VI
will hold its third meeting.
DATES: December 12, 2017.
ADDRESSES: Federal Communications
Commission, Room TW–C305
(Commission Meeting Room), 445 12th
Street SW, Washington, DC 20554.
FOR FURTHER INFORMATION CONTACT:
Jeffery Goldthorp, Designated Federal
Officer, (202) 418–1096 (voice) or
jeffery.goldthorp@fcc.gov (email); or
Suzon Cameron, Deputy Designated
Federal Officer, (202) 418–1916 (voice)
or suzon.cameron@fcc.gov (email).
SUPPLEMENTARY INFORMATION: The notice
of this meeting was first published in
the Federal Register on December 5,
2017, only 7 days in advance of the
meeting. While the publication did not
meet the 15-day requirement for
advance publication, exceptional
circumstances warrant proceeding with
the December 12, 2017 CSRIC meeting.
CSRIC members and the public were
informed of the December 12 meeting at
the October 26, 2017 public meeting of
the Council, and CSRIC members have
been advised informally of the
December meeting date on more than
one occasion since then. In addition, the
date of the December meeting has been
available on the FCC’s CSRIC website
for at two months. A significant number
of Council members have made business
and travel plans in accordance with this
schedule, and there is no date within
one month of the planned date that will
accommodate Council members’
schedules. Delaying the meeting will
cause undue financial burdens on many
of the members and any members of the
public who have made travel
arrangements.
In addition, it is not possible at this
time to schedule a half-day meeting in
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SUMMARY:
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20:03 Dec 11, 2017
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the FCC’s Commission Meeting Room
for any date within one month of
December 12, 2017. As the December
2017 meeting date was announced at the
October 2017 public meeting of the
Council, the meeting has now been
broadly announced to the public more
than once.
The December 5, 2017, Federal
Register notice is available at 82 FR
57444 (December 5, 2017) and https://
www.federalregister.gov/documents/
2017/12/05/2017-26159/federaladvisory-committee-actcommunications-security-reliabilityand-interoperability-council.
Additional information regarding the
CSRIC can be found at: https://
www.fcc.gov/about-fcc/advisorycommittees/communications-securityreliability-and-interoperability-council.
Federal Communications Commission.
Marlene H. Dortch,
Secretary.
[FR Doc. 2017–26732 Filed 12–11–17; 8:45 am]
BILLING CODE 6712–01–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: The Board of Governors of the
Federal Reserve System (Board) is
adopting a proposal to extend for three
years, without revision, the Quarterly
Savings and Loan Holding Company
Report.
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 or by fax to (202) 395–6974.
SUPPLEMENTARY INFORMATION: 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
AGENCY:
PO 00000
Frm 00019
Fmt 4703
Sfmt 4703
requirements conducted or sponsored
by the Board. Board-approved
collections of information are
incorporated into the official OMB
inventory of currently approved
collections of information. Copies of the
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.
Final approval under OMB delegated
authority of the extension for three
years, without revision, of the following
report:
Report title: Quarterly Savings and
Loan Holding Company Report.
Agency form number: FR 2320.
OMB control number: 7100–0345.
Frequency: Quarterly.
Respondents: Savings and loan
holding companies (SLHCs) that are
currently exempt from filing other
Federal Reserve regulatory reports.
Estimated number of respondents: 15.
Estimated average hours per response:
2.5 hours.
Estimated annual burden hours: 150
hours.
General Description of Report: The FR
2320 collects select parent only and
consolidated balance sheet and income
statement financial data and
organizational structure data from
SLHCs that are currently exempt from
filing other Federal Reserve regulatory
reports (exempt SLHCs).1 The FR 2320
is used by the Board to analyze the
overall financial condition of exempt
SLHCs to ensure safe and sound
operations. These data assist the Board
in the evaluation of a diversified
holding company and in determining
whether an institution is in compliance
with applicable laws and regulations.
Legal authorization and
confidentiality: The Board has
determined that the Home Owners’
Loan Act authorizes the Board to require
SLHCs to file ‘‘such reports as may be
required by the Board’’ and instructs
that such reports ‘‘shall contain such
information concerning the operations
of such savings and loan holding
1 To be exempt, an SLHC must meet one of the
following criteria: (1) The SLHC was formed under
section 10(c)(9)(C) of the Home Owners’ Loan Act
(HOLA) and the consolidated assets of its saving
association subsidiaries make up less than 5 percent
of the total consolidated assets of the SLHC; or (2)
its top-tier holding company is an insurance
company that only prepares financial statements
using statutory accounting principles.
E:\FR\FM\12DEN1.SGM
12DEN1
Federal Register / Vol. 82, No. 237 / Tuesday, December 12, 2017 / Notices
ethrower on DSK3G9T082PROD with NOTICES
company and its subsidiaries as the
Board may require.’’ (12 U.S.C.
1467a(b)(2)). The obligation to respond
is mandatory for exempt SLHCs. In
some cases, lower-tier SLHCs may
voluntarily file the FR 2320. In other
cases lower-tier SLHCs may be required
to file (in addition to the top-tier SLHC)
for safety and soundness purposes at the
discretion of the appropriate Federal
Reserve Bank.
The Board also has determined that
data items C572, C573, and C574 (line
items 24, 25, and 26) may be protected
from disclosure under exemption 4 of
the Freedom of Information Act (FOIA).
Commercial or financial information
may be protected from disclosure under
exemption 4 if disclosure of such
information is likely to cause substantial
competitive harm to the provider of the
information. (5 U.S.C. 552(b)(4)). The
data items listed above pertain to new
or changed pledges, or capital stock of
any subsidiary savings association that
secures short-term or long-term debt or
other borrowings of the SLHC; changes
to any class of securities of the SLHC or
any of its subsidiaries that would
negatively impact investors; and
defaults of the SLHC or any of its
subsidiaries during the quarter.
Disclosure of this type of information is
likely to cause substantial competitive
harm to the SLHC providing the
information and thus this information
may be protected from disclosure under
FOIA exemption 4.
With regard to the remaining data
items on the FR 2320, the Board has
determined that institutions may
request confidential treatment for any
FR 2320 data item or for all FR 2320
data items, and that confidential
treatment will be reviewed on a case-bycase basis.
Current actions: On August 23, 2017,
the Federal Reserve published a notice
in the Federal Register (82 FR 40000)
requesting public comment for 60 days
on the extension, without revision, of
the Quarterly Savings and Loan Holding
Company Report. The comment period
for this notice expired on October 23,
2017. The Board did not receive any
comments.
Board of Governors of the Federal Reserve
System, December 7, 2017.
Ann E. Misback,
Secretary of the Board.
[FR Doc. 2017–26710 Filed 12–11–17; 8:45 am]
BILLING CODE 6210–01–P
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20:03 Dec 11, 2017
FEDERAL RESERVE SYSTEM
transactions in which a Federal Reserve
Bank is a counterparty.2
[Docket Number OP–1573]
Rate 2: Broad General Collateral Rate
(BGCR)
The Request for Information indicated
that this rate would provide a broad
measure of rates on overnight Treasury
GC repo transactions. The rate would be
calculated based on the same
transaction-level tri-party repo data
collected from BNYM as in the TGCR
plus GCF Repo data obtained from
DTCC Solutions LLC (DTCC Solutions),
an affiliate of the Depository Trust &
Clearing Corporation (DTCC).
Production of Rates Based on Data for
Repurchase Agreements
Board of Governors of the
Federal Reserve System.
ACTION: Notice.
AGENCY:
The Board of Governors of the
Federal Reserve System (Board) is
announcing the production and
publication of three rates by the Federal
Reserve Bank of New York (FRBNY), in
coordination with the U.S. Office of
Financial Research (OFR), based on data
for overnight repurchase agreement
transactions on Treasury securities.
DATES: FRBNY intends to begin
publishing the three rates during the
second quarter of 2018.
FOR FURTHER INFORMATION CONTACT:
David Bowman, Associate Director,
(202–452–2334), Division of
International Finance; or Christopher W.
Clubb, Special Counsel (202–452–3904),
Evan Winerman, Counsel (202–872–
7578), Legal Division; for users of
Telecommunications Device for the Deaf
(TDD) only, contact (202–263–4869).
SUPPLEMENTARY INFORMATION:
SUMMARY:
I. Background
On August 30, 2017, the Board
published a notice and request for
public comment (Request for
Information) on the proposal that
FRBNY, in coordination with OFR,
produce and publish three rates based
on overnight repurchase agreement
(repo) transactions on U.S. Treasury
securities (Treasury repo).1 The three
rates (collectively, the ‘‘Treasury repo
rates’’) would be based on transactionlevel data from various segments of the
repo market.
A. Summary of Proposed Rates
Rate 1: Tri-Party General Collateral Rate
(TGCR)
The Request for Information indicated
that this rate would be a measure of
rates on overnight, specific-counterparty
tri-party Treasury general collateral (GC)
repo. This rate would be calculated
based on transaction-level tri-party repo
data collected from the Bank of New
York Mellon (BNYM) under the Board’s
supervisory authority. The rate would
exclude General Collateral Finance
(GCF) Repo® cleared by the Fixed
Income Clearing Corporation (FICC) and
1 82 FR 41259 (Aug. 30, 2017). The Request for
Information included a detailed overview of the
Treasury repo market.
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58397
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Frm 00020
Fmt 4703
Sfmt 4703
Rate 3: Secured Overnight Financing
Rate (SOFR)
The Request for Information indicated
that this rate would provide a broad
measure of the general cost of financing
Treasury securities overnight. The rate
would be calculated based on the triparty data from BNYM and GCF Repo
data from DTCC Solutions used to
calculate the BGCR, plus bilateral
Treasury repo transactions cleared
through FICC’s Delivery-versus-Payment
(DVP) service, filtered to remove some
(but not all) transactions considered
‘‘specials.’’ 3 This rate would not be a
pure GC repo rate, but would offer the
broadest measure of dealers’ cost of
financing Treasury securities overnight.
B. Proposed Calculation of and
Publication of the Rates
The Request for Information stated
that FRBNY would use a volumeweighted median as the central
tendency measure for each of the three
Treasury repo rates described above.
FRBNY would publish summary
statistics to accompany the daily
publication of the rate, which would
consist of the 1st, 25th, 75th and 99th
volume-weighted percentile rates, as
well as volumes.
The Request for Information included
a target publication time of 8:30 a.m. ET.
The Request for Information stated that
the rates would be revised only on a
same-day basis, and only if the revision
would result in a shift in the volumeweighted median by more than one
2 A Federal Reserve Bank may enter into bilateral
and tri-party Treasury repos in order to implement
monetary policy. Because all three proposed rates
were intended to reflect rates on trades between
market participants, it was proposed that all would
exclude Federal Reserve repos.
3 ‘‘Specials’’ are repos for specific-issue collateral,
which can take place at much lower rates than GC
trades because cash providers may be willing to
accept a lesser return on their cash, or even at times
accept a negative return, in order to secure a
particular security. The Request for Information
noted that FRBNY could filter out specials by
simply excluding the lowest quartile of bilateral
transaction volume.
E:\FR\FM\12DEN1.SGM
12DEN1
Agencies
[Federal Register Volume 82, Number 237 (Tuesday, December 12, 2017)]
[Notices]
[Pages 58396-58397]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-26710]
=======================================================================
-----------------------------------------------------------------------
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: The Board of Governors of the Federal Reserve System (Board)
is adopting a proposal to extend for three years, without revision, the
Quarterly Savings and Loan Holding Company Report.
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
or by fax to (202) 395-6974.
SUPPLEMENTARY INFORMATION: 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. 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.
Final approval under OMB delegated authority of the extension for
three years, without revision, of the following report:
Report title: Quarterly Savings and Loan Holding Company Report.
Agency form number: FR 2320.
OMB control number: 7100-0345.
Frequency: Quarterly.
Respondents: Savings and loan holding companies (SLHCs) that are
currently exempt from filing other Federal Reserve regulatory reports.
Estimated number of respondents: 15.
Estimated average hours per response: 2.5 hours.
Estimated annual burden hours: 150 hours.
General Description of Report: The FR 2320 collects select parent
only and consolidated balance sheet and income statement financial data
and organizational structure data from SLHCs that are currently exempt
from filing other Federal Reserve regulatory reports (exempt SLHCs).\1\
The FR 2320 is used by the Board to analyze the overall financial
condition of exempt SLHCs to ensure safe and sound operations. These
data assist the Board in the evaluation of a diversified holding
company and in determining whether an institution is in compliance with
applicable laws and regulations.
---------------------------------------------------------------------------
\1\ To be exempt, an SLHC must meet one of the following
criteria: (1) The SLHC was formed under section 10(c)(9)(C) of the
Home Owners' Loan Act (HOLA) and the consolidated assets of its
saving association subsidiaries make up less than 5 percent of the
total consolidated assets of the SLHC; or (2) its top-tier holding
company is an insurance company that only prepares financial
statements using statutory accounting principles.
---------------------------------------------------------------------------
Legal authorization and confidentiality: The Board has determined
that the Home Owners' Loan Act authorizes the Board to require SLHCs to
file ``such reports as may be required by the Board'' and instructs
that such reports ``shall contain such information concerning the
operations of such savings and loan holding
[[Page 58397]]
company and its subsidiaries as the Board may require.'' (12 U.S.C.
1467a(b)(2)). The obligation to respond is mandatory for exempt SLHCs.
In some cases, lower-tier SLHCs may voluntarily file the FR 2320. In
other cases lower-tier SLHCs may be required to file (in addition to
the top-tier SLHC) for safety and soundness purposes at the discretion
of the appropriate Federal Reserve Bank.
The Board also has determined that data items C572, C573, and C574
(line items 24, 25, and 26) may be protected from disclosure under
exemption 4 of the Freedom of Information Act (FOIA). Commercial or
financial information may be protected from disclosure under exemption
4 if disclosure of such information is likely to cause substantial
competitive harm to the provider of the information. (5 U.S.C.
552(b)(4)). The data items listed above pertain to new or changed
pledges, or capital stock of any subsidiary savings association that
secures short-term or long-term debt or other borrowings of the SLHC;
changes to any class of securities of the SLHC or any of its
subsidiaries that would negatively impact investors; and defaults of
the SLHC or any of its subsidiaries during the quarter. Disclosure of
this type of information is likely to cause substantial competitive
harm to the SLHC providing the information and thus this information
may be protected from disclosure under FOIA exemption 4.
With regard to the remaining data items on the FR 2320, the Board
has determined that institutions may request confidential treatment for
any FR 2320 data item or for all FR 2320 data items, and that
confidential treatment will be reviewed on a case-by-case basis.
Current actions: On August 23, 2017, the Federal Reserve published
a notice in the Federal Register (82 FR 40000) requesting public
comment for 60 days on the extension, without revision, of the
Quarterly Savings and Loan Holding Company Report. The comment period
for this notice expired on October 23, 2017. The Board did not receive
any comments.
Board of Governors of the Federal Reserve System, December 7,
2017.
Ann E. Misback,
Secretary of the Board.
[FR Doc. 2017-26710 Filed 12-11-17; 8:45 am]
BILLING CODE 6210-01-P