Proposed Agency Information Collection Activities; Comment Request, 11520-11521 [2018-05266]
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sradovich on DSK3GMQ082PROD with NOTICES
11520
Federal Register / Vol. 83, No. 51 / Thursday, March 15, 2018 / Notices
General description of report: The FR
Y–8 collects information on covered
transactions between an insured
depository institution and its affiliates
that are subject to the quantitative limits
and requirements of section 23A of the
Federal Reserve Act and the Board’s
Regulation W (12 CFR Pt. 223). The FR
Y–8 is filed quarterly by all U.S. top-tier
BHCs and SLHCs, and by foreign
banking organizations (FBOs) that
directly own or control a U.S. subsidiary
insured depository institution. If an
FBO indirectly controls a U.S. insured
depository institution through a U.S.
holding company, the U.S. holding
company must file the FR Y–8. A
respondent must file a separate report
for each U.S. insured depository
institution it controls. The primary
purpose of the data is to enhance the
Board’s ability to monitor the credit
exposure of insured depository
institutions to their affiliates and to
ensure that insured depository
institutions are in compliance with
section 23A of the Federal Reserve Act
and Regulation W. Section 23A of the
Federal Reserve Act limits an insured
depository institution’s exposure to
affiliated entities and helps to protect
against the expansion of the federal
safety net to uninsured entities.
Proposed revisions: In order to reduce
reporting burden, the Board proposes to
eliminate the FR Y–8 declaration page.
Currently, respondents that own or
control insured depository institutions
may, instead of completing the entire
form, submit a declaration page each
quarter attesting to the fact that the
institutions do not have any covered
transactions with their affiliates. The
Board proposes to revise the
instructions to eliminate the declaration
page and to clarify that respondents that
own or control insured depository
institutions that do not have any
covered transactions with their affiliates
would not have to file the FR Y–8.
Legal authorization and
confidentiality: The FR Y–8 is
mandatory for respondents that control
an insured depository institution that
has engaged in covered transactions
with an affiliate during the reporting
period. Section 5(c) of the Bank Holding
Company Act authorizes the Board to
require BHCs to file the FR Y–8
reporting form with the Board. (12
U.S.C. 1844(c)). Section 10(b)(2) of the
Home Owners’ Loan Act authorizes the
Board to require SLHCs to file the FR Y–
8 reporting form with the Board. (12
U.S.C. 1467a(b)(2)). The release of data
collected on this form includes financial
information that is not normally
disclosed by respondents, the release of
which would likely cause substantial
VerDate Sep<11>2014
17:34 Mar 14, 2018
Jkt 244001
harm to the competitive position of the
respondent if made publicly available.
The data collected on this form,
therefore, would be kept confidential
under exemption 4 of the Freedom of
Information Act, which protects from
disclosure trade secrets and commercial
or financial information. (5 U.S.C.
552(b)(4)).
Board of Governors of the Federal Reserve
System, March 12, 2018.
Ann E. Misback,
Secretary of the Board.
[FR Doc. 2018–05254 Filed 3–14–18; 8:45 am]
BILLING CODE 6210–01–P
FEDERAL RESERVE SYSTEM
Proposed Agency Information
Collection Activities; Comment
Request
Board of Governors of the
Federal Reserve System.
ACTION: Notice, request for comment.
AGENCY:
The Board of Governors of the
Federal Reserve System (Board) invites
comment on a proposal to extend for
three years, without revision, the Survey
of Consumer Finances (FR 3059; OMB
7100–0287).
DATES: Comments must be submitted on
or before May 14, 2018.
ADDRESSES: You may submit comments,
identified by FR 3059, by any of the
following methods:
• Agency Website: https://
www.federalreserve.gov. Follow the
instructions for submitting comments at
https://www.federalreserve.gov/apps/
foia/proposedregs.aspx.
• Email: regs.comments@
federalreserve.gov. Include OMB
number in the subject line of the
message.
• FAX: (202) 452–3819 or (202) 452–
3102.
• Mail: Ann E. Misback, 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 website 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
SUMMARY:
PO 00000
Frm 00033
Fmt 4703
Sfmt 4703
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 website 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: 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.
Request for Comment on Information
Collection Proposal
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,
E:\FR\FM\15MRN1.SGM
15MRN1
Federal Register / Vol. 83, No. 51 / Thursday, March 15, 2018 / Notices
sradovich on DSK3GMQ082PROD with NOTICES
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 proposal prior to
giving final approval.
Proposal To Approve Under OMB
Delegated Authority the Extension for
Three Years, Without Revision, of the
Following Report(s)
Report title: 2019 Survey of Consumer
Finances (SCF).
Agency form number: FR 3059.
OMB control number: 7100–0287.
Frequency: One-time survey.
Respondents: U.S. families.
Estimated number of respondents:
Pretest, 150; and Main survey, 7,000.
Estimated average hours per response:
Pretest, 90 minutes; and Main survey,
90 minutes.
Estimated annual burden hours:
Pretest: 225 hours and Main survey:
10,500 hours.
General description of report: This
would be the thirteenth triennial SCF
since 1983, the beginning of the current
series. This survey is the only source of
representative information on the
structure of U.S. families’ finances. The
survey would collect data on the assets,
debts, income, work history, pension
rights, use of financial services, and
attitudes of a sample of U.S. families.
Because the ownership of some assets is
relatively concentrated in a small
number of families, the survey would
make a special effort to ensure proper
representation of such assets by
systematically oversampling wealthier
families.
Legal authorization and
confidentiality: Section 2A of the
Federal Reserve Act (FRA) requires that
the Board 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 FRA,
the FOMC is required to implement
regulations relating to the open market
operations conducted by Federal
Reserve Banks. Those transactions must
be governed with a view to
accommodating commerce and business
and with regard to their bearing upon
VerDate Sep<11>2014
17:34 Mar 14, 2018
Jkt 244001
the general credit situation of the
country (12 U.S.C. 263). The Board and
the FOMC use the information obtained
from the FR 3059 to help fulfill these
obligations. The FR 3059 is a voluntary
survey. The information collected on
the FR 3059 is exempt from disclosure
in identifiable form under exemption 6
of the Freedom of Information Act,
which protects information that the
disclosure of which would constitute an
unwarranted invasion of personal
privacy of individuals involved (5
U.S.C. 552(b)(6)).
Consultation outside the agency: The
final survey questionnaire would be
developed jointly by the Board and the
contractor. The contractor would
conduct the interviews for this survey.
The data to support the part of the
survey sample selected by the Board
would be provided by the Statistics of
Income Division (SOI) of the Internal
Revenue Service under a contract that
allows this use of the data as well as
other more limited uses of the data for
statistical adjustments to the final data
and related purposes. As in past SCFs,
the sample selection and survey
administration would be managed so
that the Board would not be given any
names of survey participants; SOI
would not be given data to link survey
responses with tax records; and the
contractor would not be given income
data derived from the tax returns.
Board of Governors of the Federal Reserve
System, March 12, 2018.
Ann E. Misback,
Secretary of the Board.
[FR Doc. 2018–05266 Filed 3–14–18; 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: The Board of Governors of the
Federal Reserve System (Board) is
adopting a proposal to extend for three
years, with revision, the Interagency
Notice of Change in Control (FR 2081a;
OMB No. 7100–0134), Interagency
Notice of Change in Director or Senior
Executive Officer (FR 2081b; OMB No.
7100–0134), Interagency Biographical
and Financial Report (FR 2081c; OMB
7100–0134), and the Interagency Bank
Merger Act Application (FR 2070; OMB
No. 7100–0171).
FOR FURTHER INFORMATION CONTACT:
Federal Reserve Board Clearance
Officer—Nuha Elmaghrabi—Office of
AGENCY:
PO 00000
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Fmt 4703
Sfmt 4703
11521
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 and
assign OMB control numbers to
collection of information requests and
requirements conducted or sponsored
by the Board. 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. 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. These documents
will also be made available on the
Federal Reserve Board’s public website
at: https://www.federalreserve.gov/apps/
reportforms/review.aspx or may be
requested from the agency clearance
officer.
Final Approval Under OMB Delegated
Authority of the Extension for Three
Years, With Revision, of the Following
Reports
Report title: Interagency Notice of
Change in Control.
Agency form number: FR 2081a.
OMB control number: 7100–0134.
Frequency: On occasion.
Respondents: An individual (or a
group of individuals or company or
group of companies that would not be
bank holding companies (BHCs) or
savings and loan holding companies
(SLHCs) after consummation of the
proposed transaction) seeking to acquire
shares of an insured depository
institution, SLHC, or BHC (or group of
BHCs or SLHCs).
Estimated number of respondents:
156.
Estimated average hours per response:
30.5.
E:\FR\FM\15MRN1.SGM
15MRN1
]]>Agencies
[Federal Register Volume 83, Number 51 (Thursday, March 15, 2018)]
[Notices]
[Pages 11520-11521]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-05266]
-----------------------------------------------------------------------
FEDERAL RESERVE SYSTEM
Proposed Agency Information Collection Activities; Comment
Request
AGENCY: Board of Governors of the Federal Reserve System.
ACTION: Notice, request for comment.
-----------------------------------------------------------------------
SUMMARY: The Board of Governors of the Federal Reserve System (Board)
invites comment on a proposal to extend for three years, without
revision, the Survey of Consumer Finances (FR 3059; OMB 7100-0287).
DATES: Comments must be submitted on or before May 14, 2018.
ADDRESSES: You may submit comments, identified by FR 3059, by any of
the following methods:
Agency Website: https://www.federalreserve.gov. Follow the
instructions for submitting comments at https://www.federalreserve.gov/apps/foia/proposedregs.aspx.
Email: [email protected]. Include OMB
number in the subject line of the message.
FAX: (202) 452-3819 or (202) 452-3102.
Mail: Ann E. Misback, 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 website 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 website 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: 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.
Request for Comment on Information Collection Proposal
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,
[[Page 11521]]
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 proposal prior to giving final approval.
Proposal To Approve Under OMB Delegated Authority the Extension for
Three Years, Without Revision, of the Following Report(s)
Report title: 2019 Survey of Consumer Finances (SCF).
Agency form number: FR 3059.
OMB control number: 7100-0287.
Frequency: One-time survey.
Respondents: U.S. families.
Estimated number of respondents: Pretest, 150; and Main survey,
7,000.
Estimated average hours per response: Pretest, 90 minutes; and Main
survey, 90 minutes.
Estimated annual burden hours: Pretest: 225 hours and Main survey:
10,500 hours.
General description of report: This would be the thirteenth
triennial SCF since 1983, the beginning of the current series. This
survey is the only source of representative information on the
structure of U.S. families' finances. The survey would collect data on
the assets, debts, income, work history, pension rights, use of
financial services, and attitudes of a sample of U.S. families. Because
the ownership of some assets is relatively concentrated in a small
number of families, the survey would make a special effort to ensure
proper representation of such assets by systematically oversampling
wealthier families.
Legal authorization and confidentiality: Section 2A of the Federal
Reserve Act (FRA) requires that the Board 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 FRA, the FOMC is
required to implement regulations relating to the open market
operations conducted by Federal Reserve Banks. Those transactions must
be governed with a view to accommodating commerce and business and with
regard to their bearing upon the general credit situation of the
country (12 U.S.C. 263). The Board and the FOMC use the information
obtained from the FR 3059 to help fulfill these obligations. The FR
3059 is a voluntary survey. The information collected on the FR 3059 is
exempt from disclosure in identifiable form under exemption 6 of the
Freedom of Information Act, which protects information that the
disclosure of which would constitute an unwarranted invasion of
personal privacy of individuals involved (5 U.S.C. 552(b)(6)).
Consultation outside the agency: The final survey questionnaire
would be developed jointly by the Board and the contractor. The
contractor would conduct the interviews for this survey. The data to
support the part of the survey sample selected by the Board would be
provided by the Statistics of Income Division (SOI) of the Internal
Revenue Service under a contract that allows this use of the data as
well as other more limited uses of the data for statistical adjustments
to the final data and related purposes. As in past SCFs, the sample
selection and survey administration would be managed so that the Board
would not be given any names of survey participants; SOI would not be
given data to link survey responses with tax records; and the
contractor would not be given income data derived from the tax returns.
Board of Governors of the Federal Reserve System, March 12,
2018.
Ann E. Misback,
Secretary of the Board.
[FR Doc. 2018-05266 Filed 3-14-18; 8:45 am]
BILLING CODE 6210-01-P
