Proposed Agency Information Collection Activities; Comment Request, 21778-21779 [2019-09962]
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21778
Federal Register / Vol. 84, No. 94 / Wednesday, May 15, 2019 / Notices
Washington, DC 20503 or by fax to (202)
395–6974.
SUPPLEMENTARY INFORMATION: On June
15, 1984, 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. Board-approved
collections of information are
incorporated into the official OMB
inventory of currently approved
collections of information. Copies of the
PRA 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, with revision, of the following
information collections:
Report title: Suspicious Activity
Report.
Agency form number: FR 2230.
OMB control number: 7100–0212.
Effective Date: July 27, 2018.
Frequency: On occasion.
Respondents: State member banks,
bank holding companies and their
nonbank subsidiaries, Edge and
agreement corporations, and the U.S.
branches and agencies, representative
offices, and nonbank subsidiaries of
foreign banks supervised by the Board.
Estimated number of respondents:
6,698.
Estimated average hours per response:
1.5.
Estimated annual burden hours:
439,520.
General description of report: Since
1996, the federal banking agencies 1 and
the Department of the Treasury’s
Financial Crimes Enforcement Network
(FinCEN) have required certain types of
financial institutions to report known or
suspected violations of law and
suspicious transactions. To fulfill these
requirements, supervised banking
organizations file Bank Secrecy Act—
Suspicious Activity Reports (BSA–
SARs).2 Law enforcement agencies use
the information submitted in the reports
to initiate investigations and the Board
uses the information in the examination
and oversight of supervised institutions.
Legal authorization and
confidentiality: The FR 2230 is
authorized pursuant to the Federal
Reserve Act (12 U.S.C. 248(a)(1), 602,
625), the Federal Deposit Insurance Act
(12 U.S.C. 1818(s)), the Bank Holding
Company Act (12 U.S.C. 1844(c)), and
the International Banking Act (12 U.S.C.
3105(c)(2) and 3106(a)). The FR 2230 is
mandatory. SARs are confidential and
may be withheld pursuant to exemption
3 of the Freedom of Information Act (5
U.S.C. 552(b)(3)), which protects
information ‘‘specifically exempted
from disclosure’’ by another statute, and
by the Bank Secrecy Act (31 U.S.C.
5319), which provides that SARs ‘‘are
exempt from disclosure under section
552 of title 5.’’
Current actions: On February 5, 2019,
the Board published a notice in the
Federal Register (84 FR 1732)
requesting public comment for 60 days
on the extension, with revision, of the
Suspicious Activity Report.
The Board’s has revised the FR 2230
to be consistent with changes
implemented by FinCEN, which had
added, removed, or revised several data
fields on the electronically filed SAR. In
addition, FinCEN had changed the file
format for electronic submission of the
SAR by batch filers from ASCII based
fixed-length delimited file to an XML
based file. The Board has not adopted
any changes to the SAR regulatory
reporting criteria. Institutions will
continue to follow Regulation H (12 CFR
208.62) and filing instructions in
determining when to file a report and
what information should be included on
the report.
The comment period for this notice
expired on April 8, 2019. The Board did
not receive any comments.
Board of Governors of the Federal Reserve
System, May 9, 2019.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2019–09972 Filed 5–14–19; 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.
jbell on DSK3GLQ082PROD with NOTICES
AGENCY:
1 These
agencies include the Board, the Office of
the Comptroller of the Currency, the Federal
Deposit Insurance Corporation, and the National
Credit Union Administration.
2 In 1996, the Board together with the other
federal banking agencies issued nearly identical
regulations to implement the SAR process for
banking organizations.
VerDate Sep<11>2014
22:43 May 14, 2019
Jkt 247001
The Board of Governors of the
Federal Reserve System (Board) invites
comment on a proposal to extend for
three years, without revision, the
SUMMARY:
PO 00000
Frm 00031
Fmt 4703
Sfmt 4703
Recordkeeping Provisions Associated
with the Interagency Statement on
Complex Structured Finance Activities
(FR 4022; OMB No. 7100–0311). This
collection of information was formerly
titled ‘‘Recordkeeping Requirements
Associated with the Interagency
Statement on Complex Structured
Finance Activities.’’ The Board has
changed the title of the collection of
information to reflect that the
information collections that are the
subject of this supporting statement are
voluntary.
DATES: Comments must be submitted on
or before July 15, 2019.
ADDRESSES: You may submit comments,
identified by FR 4022, 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 Office of
Management and Budget (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 on
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 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 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 Paperwork Reduction Act
(PRA) OMB submission, including the
proposed reporting form and
E:\FR\FM\15MYN1.SGM
15MYN1
Federal Register / Vol. 84, No. 94 / Wednesday, May 15, 2019 / Notices
jbell on DSK3GLQ082PROD with NOTICES
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 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, 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.
VerDate Sep<11>2014
22:43 May 14, 2019
Jkt 247001
Proposal Under OMB Delegated
Authority To Extend for Three Years,
Without Revision, the Following
Information Collection
Report title: Recordkeeping Provisions
Associated with the Interagency
Statement on Complex Structured
Finance Activities.
Agency form number: FR 4022.
OMB control number: 7100–0311.
Frequency: Annual.
Respondents: State member banks,
bank holding companies (other than
foreign banking organizations), savings
and loan holding companies (SLHCs),
and U.S. branches and agencies of
foreign banks.
Estimated number of respondents: 18.
Estimated average hours per response:
10.
Estimated annual burden hours: 180.
General description of report: The
guidance provides that state member
banks, bank holding companies (other
than foreign banking organizations),
SLHCs, and U.S. branches and agencies
of foreign banks supervised by the
Board should establish and maintain
policies and procedures for identifying,
evaluating, assessing, documenting, and
controlling risks associated with certain
complex structured finance transactions
(CSFTs). The guidance states that
supervised entities should provide
sufficient information and convey
reports to the institution’s management
and board of directors concerning
elevated risks from CSFTs.
Legal authorization and
confidentiality: The Board is authorized
to issue the recordkeeping guidance
associated with the Interagency
Statement with respect to state member
banks pursuant to sections 9(7), 11(a),
21(4), and 25(4) of the Federal Reserve
Act (12 U.S.C. 325, 248(a), 483, and
602); with respect to bank holding
companies pursuant to section 5(c) of
the Bank Holding Company Act (12
U.S.C. 1844(c)); with respect to SLHCs
pursuant to section 10(b) and (g) of the
Home Owners’ Loan Act (12 U.S.C.
1467a(b) and (g)); and with respect to
U.S. branches and agencies of foreign
banks pursuant to sections 7(c) and
13(a) of the International Banking Act of
1978 (12 U.S.C. 3105(c) and 3108(a)).
Because the recordkeeping provisions
are contained within guidance, which is
nonbinding, these provisions are
voluntary. There are no reporting forms
associated with the recordkeeping
provisions of the Interagency Statement.
Because any policies, procedures, or
other records that were voluntarily
created pursuant to the guidance in the
Interagency Statement would be
maintained at each financial institution,
PO 00000
Frm 00032
Fmt 4703
Sfmt 4703
21779
the Freedom of Information Act (FOIA)
would only be implicated if the Board
obtained such records as part of the
examination or supervision of a
financial institution. In the event the
records are obtained by the Board as
part of an examination or supervision of
a financial institution, this information
is considered confidential pursuant to
exemption 8 of the FOIA, which
protects information contained in
‘‘examination, operating, or condition
reports’’ obtained in the bank
supervisory process (5 U.S.C. 552(b)(8)).
In addition, the information may also be
kept confidential under exemption 4 of
the FOIA, which protects trade secrets
or confidential commercial or financial
information that is reasonably likely to
result in substantial competitive harm if
disclosed (5 U.S.C. 552(b)(4)).
Board of Governors of the Federal Reserve
System, May 9, 2019.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2019–09962 Filed 5–14–19; 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
Recordkeeping Requirements of
Regulation H and Regulation K
Associated with the Procedures for
Monitoring Bank Secrecy Act
Compliance (FR K; OMB No. 7100–
0310). The internal Agency Tracking
Number previously assigned by the
Board to this information collection was
‘‘Reg K.’’ The Board is changing the
internal Agency Tracking Number to
‘‘FR K’’ for the purpose of consistency.
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.
Office of Management and Budget
(OMB) Desk Officer—Shagufta Ahmed—
Office of Information and Regulatory
Affairs, Office of Management and
AGENCY:
E:\FR\FM\15MYN1.SGM
15MYN1
]]>Agencies
[Federal Register Volume 84, Number 94 (Wednesday, May 15, 2019)]
[Notices]
[Pages 21778-21779]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-09962]
-----------------------------------------------------------------------
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 Recordkeeping Provisions Associated with the Interagency
Statement on Complex Structured Finance Activities (FR 4022; OMB No.
7100-0311). This collection of information was formerly titled
``Recordkeeping Requirements Associated with the Interagency Statement
on Complex Structured Finance Activities.'' The Board has changed the
title of the collection of information to reflect that the information
collections that are the subject of this supporting statement are
voluntary.
DATES: Comments must be submitted on or before July 15, 2019.
ADDRESSES: You may submit comments, identified by FR 4022, 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 Office of
Management and Budget (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 on 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
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
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 Paperwork Reduction Act
(PRA) OMB submission, including the proposed reporting form and
[[Page 21779]]
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 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, 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,
Without Revision, the Following Information Collection
Report title: Recordkeeping Provisions Associated with the
Interagency Statement on Complex Structured Finance Activities.
Agency form number: FR 4022.
OMB control number: 7100-0311.
Frequency: Annual.
Respondents: State member banks, bank holding companies (other than
foreign banking organizations), savings and loan holding companies
(SLHCs), and U.S. branches and agencies of foreign banks.
Estimated number of respondents: 18.
Estimated average hours per response: 10.
Estimated annual burden hours: 180.
General description of report: The guidance provides that state
member banks, bank holding companies (other than foreign banking
organizations), SLHCs, and U.S. branches and agencies of foreign banks
supervised by the Board should establish and maintain policies and
procedures for identifying, evaluating, assessing, documenting, and
controlling risks associated with certain complex structured finance
transactions (CSFTs). The guidance states that supervised entities
should provide sufficient information and convey reports to the
institution's management and board of directors concerning elevated
risks from CSFTs.
Legal authorization and confidentiality: The Board is authorized to
issue the recordkeeping guidance associated with the Interagency
Statement with respect to state member banks pursuant to sections 9(7),
11(a), 21(4), and 25(4) of the Federal Reserve Act (12 U.S.C. 325,
248(a), 483, and 602); with respect to bank holding companies pursuant
to section 5(c) of the Bank Holding Company Act (12 U.S.C. 1844(c));
with respect to SLHCs pursuant to section 10(b) and (g) of the Home
Owners' Loan Act (12 U.S.C. 1467a(b) and (g)); and with respect to U.S.
branches and agencies of foreign banks pursuant to sections 7(c) and
13(a) of the International Banking Act of 1978 (12 U.S.C. 3105(c) and
3108(a)).
Because the recordkeeping provisions are contained within guidance,
which is nonbinding, these provisions are voluntary. There are no
reporting forms associated with the recordkeeping provisions of the
Interagency Statement. Because any policies, procedures, or other
records that were voluntarily created pursuant to the guidance in the
Interagency Statement would be maintained at each financial
institution, the Freedom of Information Act (FOIA) would only be
implicated if the Board obtained such records as part of the
examination or supervision of a financial institution. In the event the
records are obtained by the Board as part of an examination or
supervision of a financial institution, this information is considered
confidential pursuant to exemption 8 of the FOIA, which protects
information contained in ``examination, operating, or condition
reports'' obtained in the bank supervisory process (5 U.S.C.
552(b)(8)). In addition, the information may also be kept confidential
under exemption 4 of the FOIA, which protects trade secrets or
confidential commercial or financial information that is reasonably
likely to result in substantial competitive harm if disclosed (5 U.S.C.
552(b)(4)).
Board of Governors of the Federal Reserve System, May 9, 2019.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2019-09962 Filed 5-14-19; 8:45 am]
BILLING CODE 6210-01-P
