Agency information collection activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 22486-22487 [2018-10266]

Download as PDF 22486 Federal Register / Vol. 83, No. 94 / Tuesday, May 15, 2018 / Notices State Abbreviation State Registration Number for AMC Employer Identification Number (EIN) AMC Name Street Address City State Zip License or Registration Status Effective Date Expiration Date AMC Type (State or multi-State) Disciplinary Action Effective Date Expiration Date Number of Appraisers (for invoicing registry fee) (c) Ways to enhance the quality, utility, and clarity of the information to be collected; (d) Ways to minimize the burden of the collection on respondents, including through the use of automated collection techniques or other forms of information technology; and (e) Estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information. By the Appraisal Subcommittee, Dated: May 10, 2018. Arthur Lindo, Chairman. States listing AMCs on the AMC Registry will enter the above information for each AMC for the initial entry only. After the initial entry, the information is retained on the AMC Registry, and will only need to be amended if necessary by the State. Comment Summary In the Federal Register of January 29, 2018 (83 FR 4046), the ASC published a 60-day notice requesting public comment on Reporting information for the AMC Registry and the collection of information. The ASC received 4 comment letters that were not responsive to the request for comments addressing irrelevant subject matter. daltland on DSKBBV9HB2PROD with NOTICES Burden Estimates The estimate for burden assumes that 50 States will elect to supervise and register AMCs, and that the average number of AMCs in a State will be 150. This estimate is based on information currently available, and will be high for some States, and low for other States. The initial entry by a State on a single AMC is estimated to take 15 minutes. Subsequent entries to amend information on an AMC, annually or periodically, are estimated to be negligible. Type of Review: Regular. Affected Public: States. Estimated Number of Respondents: 50 States. Estimated burden per Response: 15 minutes. Frequency of Response: Annually and on occasion. Estimated total Annual Burden: 1,875 hours. Comments continue to be invited on: (a) Whether the collection of information is necessary for the proper performance of the functions of the agency, including whether the information shall have practical utility; (b) The accuracy of the agency’s estimate of the burden of the collection of information; VerDate Sep<11>2014 20:27 May 14, 2018 Jkt 244001 [FR Doc. 2018–10327 Filed 5–14–18; 8:45 am] BILLING CODE 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 Report of Assets and Liabilities of Large Foreign Offices of U.S. Banks (FR 2502q; OMB No. 7100–0079). 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, AGENCY: PO 00000 Frm 00046 Fmt 4703 Sfmt 4703 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 Report of Assets and Liabilities of Large Foreign Offices of U.S. Banks. Agency form number: FR 2502q. OMB control number: 7100–0079. Frequency: Quarterly. Respondents: U.S. commercial banks, bank holding companies, including financial holding companies, and banking Edge and agreement corporations (U.S. banks) for their large branches and banking subsidiaries that are located in the United Kingdom or the Caribbean. Estimated number of respondents: 27. Estimated average hours per response: 1. Estimated annual burden hours: 108. General description of report: The FR 2502q collects, for each reporting office, claims on and liabilities to residents of the United States and of all countries as of each quarter-end. Additional details ` are collected about positions vis-a-vis ` U.S. residents. Positions vis-a-vis other non-U.S. offices of the parent bank and positions arising from derivatives contracts are also broken out. The data are used in constructing a piece of the Financial Accounts of the United States that are compiled by the Board and in preparing the U.S. International Transactions Accounts and the International Investment Position that are compiled by the Bureau for Economic Analysis (BEA), an agency of the Department of Commerce. Legal authorization and confidentiality: The Board is authorized to collect the information in the 2502q from (1) bank holding companies pursuant to section 5 of the Bank Holding Company Act (12 U.S.C. 1844(c)), which authorizes the Board to require a bank holding company and any subsidiary to submit reports, (2) Edge and agreement corporations pursuant to section 25A(17) of the Federal Reserve Act (‘‘FRA’’) (12 U.S.C. 625), which authorizes the Board to require Edge and agreement corporations to make reports to the Board, and (3) depository institutions pursuant to section 11(a)(2) of the FRA E:\FR\FM\15MYN1.SGM 15MYN1 Federal Register / Vol. 83, No. 94 / Tuesday, May 15, 2018 / Notices (12 U.S.C. 248(a)(2)), which authorizes the Board to require reports from each member bank as it may deem necessary and authorizes the Board to prescribe reports of liabilities and assets from insured depository institutions to enable the Board to discharge its responsibility to monitor and control monetary and credit aggregates. The FR 2502q report is mandatory. The information from this collection would not be accorded confidential treatment because release of the information is not likely to result in substantial harm to the competitive position of the respondents. If confidential treatment is requested by a respondent, the Board will review the request to determine if confidential treatment is appropriate. Current actions: On February 22, 2018, the Federal Reserve published a notice in the Federal Register (83 FR 7725) requesting public comment for 60 days on the extension, without revision, of the Quarterly Report of Assets and Liabilities of Large Foreign Offices of U.S. Banks (FR 2502q; OMB No. 7100– 0079). The comment period for this notice expired on April 23, 2018. The Federal Reserve did not receive any comments. Board of Governors of the Federal Reserve System, May 9, 2018. Michele Taylor Fennell, Assistant Secretary of the Board. [FR Doc. 2018–10266 Filed 5–14–18; 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, without revision, the Quarterly Report of Interest Rates on Selected Direct Consumer Installment Loans and the Quarterly Report of Credit Card Plans (FR 2835; FR 2835a; OMB No. 7100–0085). 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. daltland on DSKBBV9HB2PROD with NOTICES AGENCY: VerDate Sep<11>2014 20:27 May 14, 2018 Jkt 244001 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 Report of Interest Rates on Selected Direct Consumer Installment Loans and Quarterly Report of Credit Card Plans. Agency form number: FR 2835; FR 2835a. OMB control number: 7100–0085. Frequency: Quarterly. Respondents: Commercial banks. Estimated number of respondents: FR 2835: 150; FR 2835a: 50. Estimated average hours per response: FR 2835: .29 hours; FR 2835a: .50 hours. Estimated annual burden hours: FR 2835: 176 hours; FR 2835a: 100 hours. General description of report: The FR 2835 collects information from a sample of commercial banks on interest rates charged on loans for new vehicles and loans for other consumer goods and personal expenses. The data are used for the analysis of household financial conditions. The FR 2835a collects information on two measures of credit card interest rates from a sample of commercial banks with $1 billion or more in credit card receivables and a representative group of smaller issuers. The data are used to analyze the credit card market and draw implications for the household sector. Legal authorization and confidentiality: The Board is authorized PO 00000 Frm 00047 Fmt 4703 Sfmt 9990 22487 to collect the information on the FR 2835 and FR 2835a by sections 2A and 11 of the Federal Reserve Act (‘‘FRA’’). Section 2A of the FRA (12 U.S.C. 225a) 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. Section 11 of the FRA (12 U.S.C. 248(a)) authorizes the Board to require reports from each member bank as it may deem necessary and authorizes the Board to prescribe reports of liabilities and assets from insured depository institutions to enable the Board to discharge its responsibility to monitor and control monetary and credit aggregates. The information collected on the FR 2835 and FR 2835a assist the Board and the FOMC with fulfilling these obligations. Both the 2835 and 2835a are voluntary. With respect to the FR 2835, only the narrative information to explain large fluctuations in reported data is considered confidential. With respect to the 2835a, the individual respondent data is considered confidential. Such treatment is appropriate because the data is not publicly available and the public release of this data is likely to impair the Board’s ability to collect necessary information in the future and cause substantial harm to the competitive position of the respondent. Thus, this information may be kept confidential under exemption (b)(4) of the Freedom of Information Act, 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)). Current actions: On February 21, 2018, the Board published a notice in the Federal Register (83 FR 7475) requesting public comment for 60 days on the extension, without revision, of the Quarterly Report of Interest Rates on Selected Direct Consumer Installment Loans and the Quarterly Report of Credit Card Plans. The comment period for this notice expired on April 23, 2018. The Board did not receive any comments. The information collection will be extended as proposed. Board of Governors of the Federal Reserve System, May 9, 2018. Michele Taylor Fennell, Assistant Secretary of the Board. [FR Doc. 2018–10267 Filed 5–14–18; 8:45 am] BILLING CODE 6210–01–P E:\FR\FM\15MYN1.SGM 15MYN1

Agencies

[Federal Register Volume 83, Number 94 (Tuesday, May 15, 2018)]
[Notices]
[Pages 22486-22487]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-10266]


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FEDERAL RESERVE SYSTEM


Agency information collection activities: Announcement of Board 
Approval Under Delegated Authority and Submission to OMB

AGENCY: Board of Governors of the Federal Reserve System.

SUMMARY: The Board of Governors of the Federal Reserve System (Board) 
is adopting a proposal to extend for three years, without revision, the 
Quarterly Report of Assets and Liabilities of Large Foreign Offices of 
U.S. Banks (FR 2502q; OMB No. 7100-0079).

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 Report of Assets and Liabilities of Large 
Foreign Offices of U.S. Banks.
    Agency form number: FR 2502q.
    OMB control number: 7100-0079.
    Frequency: Quarterly.
    Respondents: U.S. commercial banks, bank holding companies, 
including financial holding companies, and banking Edge and agreement 
corporations (U.S. banks) for their large branches and banking 
subsidiaries that are located in the United Kingdom or the Caribbean.
    Estimated number of respondents: 27.
    Estimated average hours per response: 1.
    Estimated annual burden hours: 108.
    General description of report: The FR 2502q collects, for each 
reporting office, claims on and liabilities to residents of the United 
States and of all countries as of each quarter-end. Additional details 
are collected about positions vis-[agrave]-vis U.S. residents. 
Positions vis-[agrave]-vis other non-U.S. offices of the parent bank 
and positions arising from derivatives contracts are also broken out. 
The data are used in constructing a piece of the Financial Accounts of 
the United States that are compiled by the Board and in preparing the 
U.S. International Transactions Accounts and the International 
Investment Position that are compiled by the Bureau for Economic 
Analysis (BEA), an agency of the Department of Commerce.
    Legal authorization and confidentiality: The Board is authorized to 
collect the information in the 2502q from (1) bank holding companies 
pursuant to section 5 of the Bank Holding Company Act (12 U.S.C. 
1844(c)), which authorizes the Board to require a bank holding company 
and any subsidiary to submit reports, (2) Edge and agreement 
corporations pursuant to section 25A(17) of the Federal Reserve Act 
(``FRA'') (12 U.S.C. 625), which authorizes the Board to require Edge 
and agreement corporations to make reports to the Board, and (3) 
depository institutions pursuant to section 11(a)(2) of the FRA

[[Page 22487]]

(12 U.S.C. 248(a)(2)), which authorizes the Board to require reports 
from each member bank as it may deem necessary and authorizes the Board 
to prescribe reports of liabilities and assets from insured depository 
institutions to enable the Board to discharge its responsibility to 
monitor and control monetary and credit aggregates. The FR 2502q report 
is mandatory. The information from this collection would not be 
accorded confidential treatment because release of the information is 
not likely to result in substantial harm to the competitive position of 
the respondents. If confidential treatment is requested by a 
respondent, the Board will review the request to determine if 
confidential treatment is appropriate.
    Current actions: On February 22, 2018, the Federal Reserve 
published a notice in the Federal Register (83 FR 7725) requesting 
public comment for 60 days on the extension, without revision, of the 
Quarterly Report of Assets and Liabilities of Large Foreign Offices of 
U.S. Banks (FR 2502q; OMB No. 7100-0079). The comment period for this 
notice expired on April 23, 2018. The Federal Reserve did not receive 
any comments.

    Board of Governors of the Federal Reserve System, May 9, 2018.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2018-10266 Filed 5-14-18; 8:45 am]
BILLING CODE 6210-01-P