Proposed Agency Information Collection Activities; Comment Request, 22488-22489 [2018-10268]
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22488
Federal Register / Vol. 83, No. 94 / Tuesday, May 15, 2018 / Notices
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 Senior
Financial Officer Survey (FR 2023; OMB
No. 7100–0223).
DATES: Comments must be submitted on
or before July 16, 2018.
ADDRESSES: You may submit comments,
identified by FR 2023, 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 or to
remove sensitive PII (personally
identifiable information) at the
commenter’s request. Public comments
may also be viewed electronically or in
paper form in Room 3515, 1801 K Street
NW, (between 18th and 19th Streets
NW), Washington, DC 20006 between
9:00 a.m. and 5:00 p.m. on weekdays.
For security reasons, the Board requires
that visitors make an appointment to
inspect comments. You may do so by
calling (202) 452–3684. Upon arrival,
visitors will be required to present valid
government-issued photo identification
and to submit to security screening in
order to inspect and photocopy
comments.
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,
daltland on DSKBBV9HB2PROD with NOTICES
SUMMARY:
VerDate Sep<11>2014
20:27 May 14, 2018
Jkt 244001
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,
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.
PO 00000
Frm 00048
Fmt 4703
Sfmt 4703
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
Report title: Senior Financial Officer
Survey.
Agency form number: FR 2023.
OMB control number: 7100–0223.
Frequency: Up to four times a year.
Respondents: Domestically chartered
large commercial banks.
Estimated number of respondents: 80.
Estimated average hours per response:
3 hours.
Estimated annual burden hours: 960
hours.
General description of report: The
Board uses the surveys in this collection
to gather qualitative and limited
quantitative information about liability
management, the provision of financial
services, and the functioning of key
financial markets. Responses are
obtained from a senior officer at each
participating institution usually through
an electronic submission. Although a
survey may not be collected in a given
year, the Board may conduct up to four
surveys per year when informational
needs arise and cannot be met from
existing data sources. The survey does
not have a fixed set of questions; each
survey consists of a limited number of
questions directed at topics of timely
interest.
Legal authorization and
confidentiality: The FR 2023 is a
voluntary survey. 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 2023 to help fulfill these
obligations.
E:\FR\FM\15MYN1.SGM
15MYN1
Federal Register / Vol. 83, No. 94 / Tuesday, May 15, 2018 / Notices
The questions asked on each survey
will vary, so the ability of the Board to
maintain the confidentiality of
information collected must be
determined on a case by case basis. It is
likely that much of the information
collected would constitute confidential
financial information obtained from a
person and would thus be protected
from disclosure under exemption 4 to
the Freedom of Information Act (FOIA)
(5 U.S.C. 552(b)(4)). Exemption 8 to
FOIA, which protects information
related to examination, operating, or
condition reports prepared for the use of
an agency supervising financial
institutions, may also occasionally
apply (5 U.S.C. 552(b)(8)).
Board of Governors of the Federal Reserve
System, May 9, 2018.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2018–10268 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, with revision, the Reports of
Deposits (FR 2900; OMB No. 7100–
0087). The revisions are applicable as of
September 2018.
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
daltland on DSKBBV9HB2PROD with NOTICES
AGENCY:
VerDate Sep<11>2014
20:27 May 14, 2018
Jkt 244001
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 With Revision, of the Following
Reports
Report title: Report of Transaction
Accounts, Other Deposits, and Vault
Cash (FR 2900); Annual Report of
Deposits and Reservable Liabilities (FR
2910a); Report of Foreign (Non-U.S.)
Currency Deposits (FR 2915); and
Allocation of Low Reserve Tranche and
Reservable Liabilities Exemption (FR
2930).
Agency form number: FR 2900; FR
2910a; FR 2915; and FR 2930.
OMB control number: 7100–0087.
Effective Date: June 14, 2018.
Frequency: Weekly, quarterly,
annually, and on occasion.
Respondents: Depository institutions.
Estimated number of respondents: FR
2900 (Weekly), 2,007; FR 2900
(Quarterly), 4,395; FR 2910a, 2,941; FR
2915, 122; and FR 2930, 93.
Estimated average hours per response:
FR 2900 (Weekly), 1.25; FR 2900
(Quarterly), 3; FR 2910a, 0.75; FR 2915,
0.5; and FR 2930, 0.25.
Estimated annual burden hours: FR
2900 (Weekly), 130,455; FR 2900
(Quarterly), 52,740; FR 2910a, 2,206; FR
2915, 244; FR 2930, 23.
General description of reports: Data
from these mandatory reports are used
by the Board for administering
Regulation D (Reserve Requirements of
Depository Institutions) and for
constructing, analyzing, and monitoring
the monetary and reserve aggregates.
The FR 2900 is the primary source of
data used for the calculation of required
reserves and applied vault cash, and for
the construction and analysis of the
monetary aggregates. Data are also used
for (1) indexing the exemption amount
and low reserve tranche amount each
year, as required by statute, and (2)
indexing the nonexempt deposit cutoff
and reduced reporting limit each year,
as determined by the Board. The
amounts of the deposit cutoff and
reporting limit determine whether
PO 00000
Frm 00049
Fmt 4703
Sfmt 4703
22489
depository institutions file the FR 2900
either weekly or quarterly. The FR
2910a is generally submitted by exempt
institutions whose total deposits (as
shown on their December Call Report) 1
are greater than the exemption amount.
All FR 2900 respondents, both weekly
and quarterly, that offer deposits
denominated in foreign currencies at
their U.S. offices file the FR 2915
quarterly on the same reporting
schedule as quarterly FR 2900
respondents. Foreign currency deposits
are subject to reserve requirements and,
therefore, are included in the FR 2900
data. However, because foreign currency
deposits are not included in the
monetary aggregates, the FR 2915 data
are used to net foreign currencydenominated deposits from the FR 2900
data to exclude them from measures of
the monetary aggregates. The FR 2930
data are collected when the low reserve
tranche and reservable liabilities
exemption thresholds are adjusted
toward the end of each calendar year or
upon the establishment of an office
outside the home state or Federal
Reserve District.
Legal authorization and
confidentiality: The information
collected on these reports is authorized
under sections 11, 25(7), and 25A(17) of
the Federal Reserve Act (FRA), and
section 7 of the International Banking
Act (IBA). 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. Sections 25(7) and
25A(17) of the FRA (12 U.S.C. 604a and
625) authorize the Board to require Edge
and agreement corporations to make
reports to the Board. Section 7 of the
IBA (12 U.S.C. 3105(c)(2)) authorizes the
Board to require reports from U.S.
branches and agencies of foreign banks.
The FR 2900, FR 2910a, FR 2915, and
FR 2930 are all mandatory. The release
of data collected on these forms would
likely cause substantial harm to the
competitive position of the respondent
if made publicly available. The data
collected on these forms, therefore, may
1 In this document, the term Call Report refers to
the Consolidated Reports of Condition and Income
(FFIEC 031, FFIEC 041, and FFIEC 051; OMB No.
7100–0036) filed by commercial banks, Report of
Assets and Liabilities of U.S. Branches and
Agencies of Foreign Banks (FFIEC 002; OMB No.
7100–0032), Statement of Financial Condition
(NCUA 5300; OMB No. 3133–0004) filed by credit
unions, and Consolidated Report of Condition and
Income for Edge and Agreement Corporations (FR
2886b; OMB No. 7100–0086).
E:\FR\FM\15MYN1.SGM
15MYN1
]]>Agencies
[Federal Register Volume 83, Number 94 (Tuesday, May 15, 2018)]
[Notices]
[Pages 22488-22489]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-10268]
[[Page 22488]]
-----------------------------------------------------------------------
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 Senior Financial Officer Survey (FR 2023; OMB No. 7100-
0223).
DATES: Comments must be submitted on or before July 16, 2018.
ADDRESSES: You may submit comments, identified by FR 2023, 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 or to remove sensitive PII
(personally identifiable information) at the commenter's request.
Public comments may also be viewed electronically or in paper form in
Room 3515, 1801 K Street NW, (between 18th and 19th Streets NW),
Washington, DC 20006 between 9:00 a.m. and 5:00 p.m. on weekdays. For
security reasons, the Board requires that visitors make an appointment
to inspect comments. You may do so by calling (202) 452-3684. Upon
arrival, visitors will be required to present valid government-issued
photo identification and to submit to security screening in order to
inspect and photocopy comments.
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, 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
Report title: Senior Financial Officer Survey.
Agency form number: FR 2023.
OMB control number: 7100-0223.
Frequency: Up to four times a year.
Respondents: Domestically chartered large commercial banks.
Estimated number of respondents: 80.
Estimated average hours per response: 3 hours.
Estimated annual burden hours: 960 hours.
General description of report: The Board uses the surveys in this
collection to gather qualitative and limited quantitative information
about liability management, the provision of financial services, and
the functioning of key financial markets. Responses are obtained from a
senior officer at each participating institution usually through an
electronic submission. Although a survey may not be collected in a
given year, the Board may conduct up to four surveys per year when
informational needs arise and cannot be met from existing data sources.
The survey does not have a fixed set of questions; each survey consists
of a limited number of questions directed at topics of timely interest.
Legal authorization and confidentiality: The FR 2023 is a voluntary
survey. 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 2023 to help fulfill these
obligations.
[[Page 22489]]
The questions asked on each survey will vary, so the ability of the
Board to maintain the confidentiality of information collected must be
determined on a case by case basis. It is likely that much of the
information collected would constitute confidential financial
information obtained from a person and would thus be protected from
disclosure under exemption 4 to the Freedom of Information Act (FOIA)
(5 U.S.C. 552(b)(4)). Exemption 8 to FOIA, which protects information
related to examination, operating, or condition reports prepared for
the use of an agency supervising financial institutions, may also
occasionally apply (5 U.S.C. 552(b)(8)).
Board of Governors of the Federal Reserve System, May 9, 2018.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2018-10268 Filed 5-14-18; 8:45 am]
BILLING CODE 6210-01-P
