Proposed Agency Information Collection Activities; Comment Request, 14113-14115 [2019-06991]

Download as PDF Federal Register / Vol. 84, No. 68 / Tuesday, April 9, 2019 / Notices Governmental Affairs Bureau at (202) 418–1377 or by email at daniel.margolis@fcc.gov. SUPPLEMENTARY INFORMATION: The Commission’s Order, Termination of Certain Proceedings as Dormant, document DA 19–179, adopted on March 13, 2019, and released on March 13, 2019, is available in CG Docket No. 18–272. The full text of document DA 19–179, the spreadsheet associated with document DA 19–179 listing the proceedings terminated as dormant, and copies of any documents filed in this matter will be available for public inspection and copying via ECFS, and during regular business hours at the FCC Reference Information Center, Portals II, 445 12th Street SW, Room CY–A257, Washington, DC 20554. The full text of these documents and any documents filed in this matter may also be found by searching ECFS at: https:// www.fcc.gov/ecfs/. To request materials in accessible formats for people with disabilities (Braille, large print, electronic files, audio format), send an email to fcc504@fcc.gov or call the Consumer and Governmental Affairs Bureau at (202) 418–0530 (voice) or (202) 418–0432 (TTY). Daniel Margolis, Acting Legal Advisor, Consumer and Governmental Affairs Bureau. [FR Doc. 2019–06964 Filed 4–8–19; 8:45 am] BILLING CODE 6712–01–P FEDERAL RESERVE SYSTEM amozie on DSK9F9SC42PROD with NOTICES Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company The notificants listed below have applied under the Change in Bank Control Act (‘‘Act’’) (12 U.S.C. 1817(j)) and § 225.41 of the Board’s Regulation Y (12 CFR 225.41) to acquire shares of a bank or bank holding company. The factors that are considered in acting on the notices are set forth in paragraph 7 of the Act (12 U.S.C. 1817(j)(7)). The notices are available for immediate inspection at the Federal Reserve Bank indicated. The notices also will be available for inspection at the offices of the Board of Governors. Interested persons may express their views in writing to the Reserve Bank indicated for that notice or to the offices of the Board of Governors. Comments must be received not later than April 24, 2019. A. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant Vice President) 230 South LaSalle Street, Chicago, Illinois 60690–1414: VerDate Sep<11>2014 18:15 Apr 08, 2019 Jkt 247001 1. Jean M. Humphrey, Kathleen A. McKillip, Henry W. Merschman, and Joseph H. Merschman, all of Fort Madison, Iowa; and George A. Merschman, Rochester, Illinois, together as a group acting in concert, to retain voting shares of Lee Capital Corp, and thereby retain shares of Lee County Bank, both of Fort Madison, Iowa. 14113 Board of Governors of the Federal Reserve System, April 4, 2019. Yao-Chin Chao, Assistant Secretary of the Board. [FR Doc. 2019–07013 Filed 4–8–19; 8:45 am] BILLING CODE P FEDERAL RESERVE SYSTEM Board of Governors of the Federal Reserve System, April 4, 2019. Yao-Chin Chao, Assistant Secretary of the Board. Proposed Agency Information Collection Activities; Comment Request [FR Doc. 2019–07017 Filed 4–8–19; 8:45 am] AGENCY: BILLING CODE P Board of Governors of the Federal Reserve System. ACTION: Notice, request for comment. FEDERAL RESERVE SYSTEM SUMMARY: Formations of, Acquisitions by, and Mergers of Bank Holding Companies The companies listed in this notice have applied to the Board for approval, pursuant to the Bank Holding Company Act of 1956 (12 U.S.C. 1841 et seq.) (BHC Act), Regulation Y (12 CFR part 225), and all other applicable statutes and regulations to become a bank holding company and/or to acquire the assets or the ownership of, control of, or the power to vote shares of a bank or bank holding company and all of the banks and nonbanking companies owned by the bank holding company, including the companies listed below. The applications listed below, as well as other related filings required by the Board, are available for immediate inspection at the Federal Reserve Bank indicated. The applications will also be available for inspection at the offices of the Board of Governors. Interested persons may express their views in writing on the standards enumerated in the BHC Act (12 U.S.C. 1842(c)). If the proposal also involves the acquisition of a nonbanking company, the review also includes whether the acquisition of the nonbanking company complies with the standards in section 4 of the BHC Act (12 U.S.C. 1843). Unless otherwise noted, nonbanking activities will be conducted throughout the United States. Unless otherwise noted, comments regarding each of these applications must be received at the Reserve Bank indicated or the offices of the Board of Governors not later than May 6, 2019. A. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant Vice President) 230 South LaSalle Street, Chicago, Illinois 60690–1414: 1. Discover Financial Services, Riverwoods, Illinois; to acquire voting shares of DFS Bank, New Castle, Delaware a de novo bank. PO 00000 Frm 00031 Fmt 4703 Sfmt 4703 The Board of Governors of the Federal Reserve System (Board) invites comment on a proposal to extend for three years, with revision, the Market Risk Capital Rule (FR 4201; OMB No. 7100–0314). DATES: Comments must be submitted on or before June 10, 2019. ADDRESSES: You may submit comments, identified by FR 4201, by any of the following methods: • Agency website: http:// www.federalreserve.gov. Follow the instructions for submitting comments at http://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 http:// 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 in Room 146, 1709 New York Avenue 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 Office of Management and Budget (OMB) Desk E:\FR\FM\09APN1.SGM 09APN1 14114 Federal Register / Vol. 84, No. 68 / Tuesday, April 9, 2019 / Notices 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 Paperwork Reduction Act (PRA) OMB submission, including the proposed reporting form and instructions, supporting statement, and other documentation will be placed into OMB’s public docket files, if approved. These documents will also be made available on the Board’s public website at http://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 PRA to approve 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. amozie on DSK9F9SC42PROD with NOTICES 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 Board’s functions, including whether the information has practical utility; b. The accuracy of the Board’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, VerDate Sep<11>2014 18:15 Apr 08, 2019 Jkt 247001 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 Board should modify the proposal. Proposal Under OMB Delegated Authority To Extend for Three Years, With Revision, the Following Information Collection Report title: Market Risk Capital Rule. Agency form number: FR 4201. OMB control number: 7100–0314. Frequency: Reporting, annually; Recordkeeping, annually; Disclosure, annually and quarterly. Respondents: Bank holding companies (BHCs), savings and loan holding companies (SLHCs), intermediate holding companies (IHCs), and state member banks (SMBs) that meet certain risk thresholds. The market risk rule applies to any such banking organization with aggregate trading assets and trading liabilities equal to (1) 10 percent or more of quarter-end total assets or (2) $1 billion or more.1 Estimated number of respondents: 37. Estimated average hours per response: Reporting, 1,088; Recordkeeping, 220; Disclosure, 68. Estimated annual burden hours: 13,148. General description of report: The market risk rule, which requires banking organizations to hold capital to cover their exposure to market risk, is an important component of the Board’s regulatory capital framework (12 CFR part 217; Regulation Q). The Board may exclude a banking organization that is subject to the market risk rule if the Board determines that the exclusion is appropriate based on the level of market risk of the banking organization and is consistent with safe and sound banking practices.2 The Board may further apply the market risk rule to any other banking organization if the Board deems it necessary or appropriate because of the level of market risk of the banking organization or to ensure safe and sound banking practices.3 The Board’s market risk rule requires a subject banking organization to obtain the approval of the Board prior to (1) using any internal model to calculate its risk-based capital requirements under 1 12 CFR 217.201(b)(1). CFR 217.201(b)(3). 3 12 CFR 217.201(b)(2). 2 12 PO 00000 Frm 00032 Fmt 4703 Sfmt 4703 subpart F of the Board’s Regulation Q; (2) including in its capital requirement for de minimis exposures the capital requirement for any de minimis exposures using alternative techniques that appropriately measure the market risk associated with those exposures; (3) including portfolios of equity positions in its incremental risk model if the banking organization measures the specific risk of a portfolio of debt positions using internal models; or (4) using the method specified in section 209(a) of Regulation Q to measure comprehensive risk for one or more portfolios of correlation trading positions. A subject banking organization also must obtain the prior approval of the Board for, and notify the Board if the banking organization makes any material changes to, the policies and procedures required by section 206(b)(3) of Regulation Q. Further, the market risk rule requires subject banking organizations to (1) have clearly defined policies and procedures for determining which trading assets and trading liabilities are trading positions and which trading positions are correlation trading positions; (2) have clearly defined trading and hedging strategies for trading positions; (3) retain certain financial and statistical information regarding the institution’s Board-approved subportfolios of its portfolio exposures subject to the market risk rule; (4) have a formal disclosure policy that addresses the banking organization’s approach for determining the market risk disclosures; and (5) make certain public quantitative disclosures. The collections of information provide current statistical data identifying market risk areas on which to focus onsite and offsite examinations. They also allow the Board to assess the levels and components of each reporting institution’s risk-based capital requirements for market risk and the adequacy of the institution’s capital under the market risk rule. Finally, these collections of information ensure capital adequacy of banking organizations according to their level of market risk and assist the Board in implementing and validating the market risk framework. There are no required reporting forms associated with this information collection. Proposed revisions: The Board proposes to revise the collections of information associated with the market risk rule to include the prior approvals a banking organization must obtain from the Board required by sections 217.203(c)(1) and 217.204(a)(2)(vi)(B) of the Board’s Regulation Q. E:\FR\FM\09APN1.SGM 09APN1 Federal Register / Vol. 84, No. 68 / Tuesday, April 9, 2019 / Notices Legal authorization and confidentiality: The recordkeeping provisions of the Market Risk Capital Rule are authorized to be collected from SMBs pursuant to sections 9(6) and 11 of the Federal Reserve Act; 4 from BHCs pursuant to section 5(c) of the Bank Holding Company Act (BHC Act) 5 and, in some cases, section 165 of the DoddFrank Act; 6 from foreign banking organizations (FBOs) pursuant to section 8(a) of the International Banking Act 7 and section 165 of the Dodd-Frank Act; and from SLHCs pursuant to section 10(b)(2) and (g) of the Home Owners’ Loan Act (‘‘HOLA’’).8 Sections 9(6) and 11 of the Federal Reserve Act authorize the Board to require state member banks to submit reports, as necessary. Section 5(c) of the BHC Act authorizes the Board to require BHCs to submit reports to the Board regarding their financial condition, and section 8(a) of the International Banking Act subjects FBOs to the provisions of the BHC Act. Section 10 of HOLA authorizes the Board to collect reports from SLHCs. The information collections under FR 4201 are mandatory. The information collected through the FR 4201 is collected as part of the Board’s supervisory process, and therefore is afforded confidential treatment pursuant to exemption 8 of the Freedom of Information Act (‘‘FOIA’’).9 In addition, individual respondents may request that certain data be afforded confidential treatment pursuant to exemption 4 of FOIA if the data has not previously been publically disclosed and the release of the data would likely cause substantial harm to the competitive position of the respondent.10 Determinations of confidentiality based on exemption 4 of FOIA would be made on a case-by-case basis. Consultation outside the agency: The Board has consulted with the Federal Deposit Insurance Corporation and the Office of the Comptroller of Currency in confirming the burden estimates listed. Board of Governors of the Federal Reserve System, April 4, 2019. Michele Taylor Fennell, Assistant Secretary of the Board. [FR Doc. 2019–06991 Filed 4–8–19; 8:45 am] amozie on DSK9F9SC42PROD with NOTICES BILLING CODE 6210–01–P 4 12 U.S.C. 324 and 248(a). U.S.C. 1844(c). 6 12 U.S.C. 5365. 7 12 U.S.C. 3106(a). 8 12 U.S.C. 1467a(b)(2) and (g). 9 5 U.S.C. 552(b)(8). 10 5 U.S.C. 552(b)(4). 5 12 VerDate Sep<11>2014 18:15 Apr 08, 2019 Jkt 247001 FEDERAL TRADE COMMISSION [File No. 172 3028] UrthBox, Inc. and Behnam Behrouzi; Analysis of Proposed Consent Order To Aid Public Comment Federal Trade Commission. Proposed consent agreement. AGENCY: ACTION: The consent agreement in this matter settles alleged violations of federal law prohibiting unfair or deceptive acts or practices. The attached Analysis of Proposed Consent Order to Aid Public Comment describes both the allegations in the draft complaint and the terms of the consent order— embodied in the consent agreement— that would settle these allegations. DATES: Comments must be received on or before May 9, 2019. ADDRESSES: Interested parties may file a comment online or on paper, by following the instructions in the Request for Comment part of the SUPPLEMENTARY INFORMATION section below. Write: ‘‘Urthbox, Inc.’’ on your comment, and file your comment online at https://www.regulations.gov by following the instructions on the webbased form. If you prefer to file your comment on paper, mail your comment to the following address: Federal Trade Commission, Office of the Secretary, 600 Pennsylvania Avenue NW, Suite CC–5610 (Annex D), Washington, DC 20580, or deliver your comment to the following address: Federal Trade Commission, Office of the Secretary, Constitution Center, 400 7th Street SW, 5th Floor, Suite 5610 (Annex D), Washington, DC 20024. FOR FURTHER INFORMATION CONTACT: Kerry O’Brien (415–848–5100), Western Region, Federal Trade Commission, 901 Market Street, Suite 570, San Francisco, California 94103. SUPPLEMENTARY INFORMATION: Pursuant to Section 6(f) of the Federal Trade Commission Act, 15 U.S.C. 46(f), and FTC Rule 2.34, 16 CFR 2.34, notice is hereby given that the above-captioned consent agreement containing a consent order to cease and desist, having been filed with and accepted, subject to final approval, by the Commission, has been placed on the public record for a period of thirty (30) days. The following Analysis of Proposed Consent Order to Aid Public Comment describes the terms of the consent agreement and the allegations in the complaint. An electronic copy of the full text of the consent agreement package can be obtained from the FTC Home Page (for April 3, 2019), on the World Wide Web, SUMMARY: PO 00000 Frm 00033 Fmt 4703 Sfmt 4703 14115 at https://www.ftc.gov/news-events/ commission-actions. You can file a comment online or on paper. For the Commission to consider your comment, we must receive it on or before May 9, 2019. Write ‘‘Urthbox, Inc.; File No. 1723028’’ on your comment. Your comment—including your name and your state—will be placed on the public record of this proceeding, including, to the extent practicable, on the https:// www.regulations.gov website. Postal mail addressed to the Commission is subject to delay due to heightened security screening. As a result, we encourage you to submit your comments online through the https:// www.regulations.gov website. If you prefer to file your comment on paper, write ‘‘Urthbox, Inc.; File No. 1723028’’ on your comment and on the envelope, and mail your comment to the following address: Federal Trade Commission, Office of the Secretary, 600 Pennsylvania Avenue NW, Suite CC–5610 (Annex D), Washington, DC 20580; or deliver your comment to the following address: Federal Trade Commission, Office of the Secretary, Constitution Center, 400 7th Street SW, 5th Floor, Suite 5610 (Annex D), Washington, DC 20024. If possible, submit your paper comment to the Commission by courier or overnight service. Because your comment will be placed on the publicly accessible FTC website at https://www.regulations.gov, you are solely responsible for making sure that your comment does not include any sensitive or confidential information. In particular, your comment should not include any sensitive personal information, such as your or anyone else’s Social Security number; date of birth; driver’s license number or other state identification number, or foreign country equivalent; passport number; financial account number; or credit or debit card number. You are also solely responsible for making sure that your comment does not include any sensitive health information, such as medical records or other individually identifiable health information. In addition, your comment should not include any ‘‘trade secret or any commercial or financial information which . . . is privileged or confidential’’—as provided by Section 6(f) of the FTC Act, 15 U.S.C. 46(f), and FTC Rule 4.10(a)(2), 16 CFR 4.10(a)(2)— including in particular competitively sensitive information such as costs, sales statistics, inventories, formulas, patterns, devices, manufacturing processes, or customer names. E:\FR\FM\09APN1.SGM 09APN1

Agencies

[Federal Register Volume 84, Number 68 (Tuesday, April 9, 2019)]
[Notices]
[Pages 14113-14115]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-06991]


-----------------------------------------------------------------------

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, with revision, 
the Market Risk Capital Rule (FR 4201; OMB No. 7100-0314).

DATES: Comments must be submitted on or before June 10, 2019.

ADDRESSES: You may submit comments, identified by FR 4201, by any of 
the following methods:
     Agency website: http://www.federalreserve.gov. Follow the 
instructions for submitting comments at http://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 
http://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 in Room 146, 
1709 New York Avenue 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 
Office of Management and Budget (OMB) Desk

[[Page 14114]]

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 Paperwork Reduction Act 
(PRA) OMB submission, including the proposed reporting form and 
instructions, supporting statement, and other documentation will be 
placed into OMB's public docket files, if approved. These documents 
will also be made available on the Board's public website at http://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 PRA to 
approve 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 Board's functions, including whether the 
information has practical utility;
    b. The accuracy of the Board'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 Board 
should modify the proposal.

Proposal Under OMB Delegated Authority To Extend for Three Years, With 
Revision, the Following Information Collection

    Report title: Market Risk Capital Rule.
    Agency form number: FR 4201.
    OMB control number: 7100-0314.
    Frequency: Reporting, annually; Recordkeeping, annually; 
Disclosure, annually and quarterly.
    Respondents: Bank holding companies (BHCs), savings and loan 
holding companies (SLHCs), intermediate holding companies (IHCs), and 
state member banks (SMBs) that meet certain risk thresholds. The market 
risk rule applies to any such banking organization with aggregate 
trading assets and trading liabilities equal to (1) 10 percent or more 
of quarter-end total assets or (2) $1 billion or more.\1\
---------------------------------------------------------------------------

    \1\ 12 CFR 217.201(b)(1).
---------------------------------------------------------------------------

    Estimated number of respondents: 37.
    Estimated average hours per response: Reporting, 1,088; 
Recordkeeping, 220; Disclosure, 68.
    Estimated annual burden hours: 13,148.
    General description of report: The market risk rule, which requires 
banking organizations to hold capital to cover their exposure to market 
risk, is an important component of the Board's regulatory capital 
framework (12 CFR part 217; Regulation Q). The Board may exclude a 
banking organization that is subject to the market risk rule if the 
Board determines that the exclusion is appropriate based on the level 
of market risk of the banking organization and is consistent with safe 
and sound banking practices.\2\ The Board may further apply the market 
risk rule to any other banking organization if the Board deems it 
necessary or appropriate because of the level of market risk of the 
banking organization or to ensure safe and sound banking practices.\3\
---------------------------------------------------------------------------

    \2\ 12 CFR 217.201(b)(3).
    \3\ 12 CFR 217.201(b)(2).
---------------------------------------------------------------------------

    The Board's market risk rule requires a subject banking 
organization to obtain the approval of the Board prior to (1) using any 
internal model to calculate its risk-based capital requirements under 
subpart F of the Board's Regulation Q; (2) including in its capital 
requirement for de minimis exposures the capital requirement for any de 
minimis exposures using alternative techniques that appropriately 
measure the market risk associated with those exposures; (3) including 
portfolios of equity positions in its incremental risk model if the 
banking organization measures the specific risk of a portfolio of debt 
positions using internal models; or (4) using the method specified in 
section 209(a) of Regulation Q to measure comprehensive risk for one or 
more portfolios of correlation trading positions. A subject banking 
organization also must obtain the prior approval of the Board for, and 
notify the Board if the banking organization makes any material changes 
to, the policies and procedures required by section 206(b)(3) of 
Regulation Q. Further, the market risk rule requires subject banking 
organizations to (1) have clearly defined policies and procedures for 
determining which trading assets and trading liabilities are trading 
positions and which trading positions are correlation trading 
positions; (2) have clearly defined trading and hedging strategies for 
trading positions; (3) retain certain financial and statistical 
information regarding the institution's Board-approved subportfolios of 
its portfolio exposures subject to the market risk rule; (4) have a 
formal disclosure policy that addresses the banking organization's 
approach for determining the market risk disclosures; and (5) make 
certain public quantitative disclosures.
    The collections of information provide current statistical data 
identifying market risk areas on which to focus onsite and offsite 
examinations. They also allow the Board to assess the levels and 
components of each reporting institution's risk-based capital 
requirements for market risk and the adequacy of the institution's 
capital under the market risk rule. Finally, these collections of 
information ensure capital adequacy of banking organizations according 
to their level of market risk and assist the Board in implementing and 
validating the market risk framework. There are no required reporting 
forms associated with this information collection.
    Proposed revisions: The Board proposes to revise the collections of 
information associated with the market risk rule to include the prior 
approvals a banking organization must obtain from the Board required by 
sections 217.203(c)(1) and 217.204(a)(2)(vi)(B) of the Board's 
Regulation Q.

[[Page 14115]]

    Legal authorization and confidentiality: The recordkeeping 
provisions of the Market Risk Capital Rule are authorized to be 
collected from SMBs pursuant to sections 9(6) and 11 of the Federal 
Reserve Act; \4\ from BHCs pursuant to section 5(c) of the Bank Holding 
Company Act (BHC Act) \5\ and, in some cases, section 165 of the Dodd-
Frank Act; \6\ from foreign banking organizations (FBOs) pursuant to 
section 8(a) of the International Banking Act \7\ and section 165 of 
the Dodd-Frank Act; and from SLHCs pursuant to section 10(b)(2) and (g) 
of the Home Owners' Loan Act (``HOLA'').\8\ Sections 9(6) and 11 of the 
Federal Reserve Act authorize the Board to require state member banks 
to submit reports, as necessary. Section 5(c) of the BHC Act authorizes 
the Board to require BHCs to submit reports to the Board regarding 
their financial condition, and section 8(a) of the International 
Banking Act subjects FBOs to the provisions of the BHC Act. Section 10 
of HOLA authorizes the Board to collect reports from SLHCs.
---------------------------------------------------------------------------

    \4\ 12 U.S.C. 324 and 248(a).
    \5\ 12 U.S.C. 1844(c).
    \6\ 12 U.S.C. 5365.
    \7\ 12 U.S.C. 3106(a).
    \8\ 12 U.S.C. 1467a(b)(2) and (g).
---------------------------------------------------------------------------

    The information collections under FR 4201 are mandatory. The 
information collected through the FR 4201 is collected as part of the 
Board's supervisory process, and therefore is afforded confidential 
treatment pursuant to exemption 8 of the Freedom of Information Act 
(``FOIA'').\9\ In addition, individual respondents may request that 
certain data be afforded confidential treatment pursuant to exemption 4 
of FOIA if the data has not previously been publically disclosed and 
the release of the data would likely cause substantial harm to the 
competitive position of the respondent.\10\ Determinations of 
confidentiality based on exemption 4 of FOIA would be made on a case-
by-case basis.
---------------------------------------------------------------------------

    \9\ 5 U.S.C. 552(b)(8).
    \10\ 5 U.S.C. 552(b)(4).
---------------------------------------------------------------------------

    Consultation outside the agency: The Board has consulted with the 
Federal Deposit Insurance Corporation and the Office of the Comptroller 
of Currency in confirming the burden estimates listed.

    Board of Governors of the Federal Reserve System, April 4, 2019.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2019-06991 Filed 4-8-19; 8:45 am]
 BILLING CODE 6210-01-P