Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 39093 [2018-16918]
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Federal Register / Vol. 83, No. 153 / Wednesday, August 8, 2018 / Notices
on the extension, with revision, of these
reports. The Board is adopting revisions
to the FR Y–11, FR 2314, and FR Y–7N
report forms and instructions that are
consistent with certain recent changes
to the FR Y–9 family of reports (OMB
No. 7100–0128)1 and the Federal
Financial Institutions Examination
Council (FFIEC) Consolidated Reports of
Condition and Income (Call Reports)
(FFIEC 031, 041, and 051; OMB No.
7100–0036).2 Specifically, the changes
(1) add a new data item to the balance
sheet to separate and reclassify equity
securities with readily determinable fair
values not held for trading from the
‘‘available for sale’’ category in
accordance with Financial Accounting
Standards Board’s (FASB) Accounting
Standards Update (ASU) No. 2016–01,
‘‘Recognition and Measurement of
Financial Assets and Financial
Liabilities;’’ and (2) add new data items
to the income statement to reflect the
proper reporting of income associated
with these securities. These revisions
are effective for reports reflecting the
June 30, 2018, report date. The comment
period for this notice expired on July 2,
2018, and the Board did not receive any
comments.
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 Board 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 of Governors of the Federal Reserve
System, August 2, 2018.
Michele Taylor Fennell,
Assistant Secretary of the Board.
Final Approval Under OMB Delegated
Authority of 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
[FR Doc. 2018–16916 Filed 8–7–18; 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 Senior
Financial Officer Survey (FR 2023; OMB
No. 7100–0223).
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.
sradovich on DSK3GMQ082PROD with NOTICES
AGENCY:
1 See
2 See
83 FR 12395 (March 21, 2018).
83 FR 939 (January 08, 2018).
VerDate Sep<11>2014
22:37 Aug 07, 2018
Jkt 244001
PO 00000
Frm 00053
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39093
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.
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 of the
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)).
Current actions: On May 15, 2018, the
Board published a notice in the Federal
Register (83 FR 22488) requesting
public comment for 60 days on the
extension, without revision, of the
Board’s clearance for the Senior
Financial Officer Survey. The comment
period for this notice expired on July 16,
2018. The Board did not receive any
comments.
Board of Governors of the Federal Reserve
System, August, 2, 2018.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2018–16918 Filed 8–7–18; 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.
AGENCY:
E:\FR\FM\08AUN1.SGM
08AUN1
Agencies
[Federal Register Volume 83, Number 153 (Wednesday, August 8, 2018)]
[Notices]
[Page 39093]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-16918]
-----------------------------------------------------------------------
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
Senior Financial Officer Survey (FR 2023; OMB No. 7100-0223).
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 Board 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: 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.
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 of the 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)).
Current actions: On May 15, 2018, the Board published a notice in
the Federal Register (83 FR 22488) requesting public comment for 60
days on the extension, without revision, of the Board's clearance for
the Senior Financial Officer Survey. The comment period for this notice
expired on July 16, 2018. The Board did not receive any comments.
Board of Governors of the Federal Reserve System, August, 2,
2018.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2018-16918 Filed 8-7-18; 8:45 am]
BILLING CODE 6210-01-P