Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 34394-34395 [2019-15312]

Download as PDF 34394 Federal Register / Vol. 84, No. 138 / Thursday, July 18, 2019 / Notices khammond on DSKBBV9HB2PROD with NOTICES of foreign banks (other than federal branches, federal agencies, and insured state branches of foreign banks), commercial lending companies owned or controlled by foreign banks, and organizations operating under section 25 or 25A of the Federal Reserve Act (12 U.S.C. 601 et seq. and 611 et seq.). Regulation II’s fraud-prevention recordkeeping requirements (12 CFR 235.4(b)) and disclosure requirements (12 CFR 235.4(c) and (d)) are required in order for an issuer to obtain a benefit (i.e., to be eligible to receive or charge the fraud-prevention adjustment). Regulation II’s general recordkeeping requirements for issuers (12 CFR 235.8(c)) are mandatory. The records and notifications required under sections 235.4(b)–(d) and 235.8(c) of Regulation II are generally not submitted to the Board or the other federal financial regulatory agencies. Accordingly, normally no confidentiality issues arise under the Freedom of Information Act (FOIA) (5 U.S.C. 552). In the event such records or notifications are obtained by the Board through the examination or enforcement process, such information may be kept confidential under exemption 8 of the FOIA, which protects information contained in or related to the examination or supervision of a financial institution (5 U.S.C. 552(b)(8)). Current actions: On April 8, 2019, the Board published a notice in the Federal Register (84 FR 13919) requesting public comment for 60 days on the extension, without revision, of the FR II. The comment period for this notice expired on June 7, 2019. The Board received two comments. After considering the comments received on the proposal, the Board will proceed with the extension, without revision, of the FR II. Detailed Discussion of Public Comments Comments were received from an individual and from a group of banking associations. The comment from the individual expressed support of the Dodd-Frank Act, and generally expressed opposition to any relaxation of rules implementing the Dodd-Frank Act. The comment from the group of banking associations supported the Board’s proposal to maintain certain current recordkeeping processes while urging the Board to resist requests to reopen Regulation II to avoid further regulatory burden associated with the Durbin Amendment to the Dodd-Frank Act (if any such requests were received). The Board’s recommended renewal, without revision, of the existing recordkeeping requirements is VerDate Sep<11>2014 17:56 Jul 17, 2019 Jkt 247001 consistent with the views expressed in these comments. Board of Governors of the Federal Reserve System, July 15, 2019. Michele Taylor Fennell, Assistant Secretary of the Board. [FR Doc. 2019–15313 Filed 7–17–19; 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 Semiannual Report of Derivatives Activity (FR 2436; OMB No. 7100–0286). 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. Office of Management and Budget (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. A copy of the Paperwork Reduction Act (PRA) OMB submission, including the reporting form and instructions, supporting statement, and other documentation will be placed into OMB’s public docket files. These documents also are 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 above. 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. 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. AGENCY: PO 00000 Frm 00063 Fmt 4703 Sfmt 4703 Final Approval Under OMB Delegated Authority of the Extension for Three Years, Without Revision, of the Following Information Collection Report title: Semiannual Report of Derivatives Activity. Agency form number: FR 2436. OMB control number: 7100–0286. Frequency: Semiannually. Respondents: Largest U.S. dealers of over-the-counter (OTC) derivatives. Estimated number of respondents: 8. Estimated average hours per response: 236. Estimated annual burden hours: 3,776. General description of report: Derivatives dealers provide data on outstanding positions (notional, gross positive, and gross negative fair values) with breakdowns by broad market risk category, product type, counterparty type, maturity, and specific underlying market risks—the currency, equity market, or reference entity that underlie the contract. In addition, reporters provide data on the credit exposures and liabilities arising from all outstanding credit default swaps contracts, as well as from the entire portfolio. Legal authorization and confidentiality: This report is authorized under sections 2A and 12A of the Federal Reserve Act (FRA). Section 2A of the FRA requires the Federal Reserve Board and the Federal Open Market Committee (FOMC) to 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). Section 12A of the FRA requires the FOMC to implement regulations relating to the open market operations conducted by Federal Reserve Banks 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). Because the Federal Reserve System uses the information obtained from the FR 2436 to fulfill these obligations, these statutory provisions provide the legal authorization for the collection of information on the FR 2436. The FR 2436 is voluntary. Because the release of this information would cause substantial harm to the competitive position of the entity from whom the information was obtained, the information collected on the FR 2436 may be granted confidential treatment under exemption (b)(4) of the Freedom of Information Act (5 U.S.C. 552(b)(4)), E:\FR\FM\18JYN1.SGM 18JYN1 34395 Federal Register / Vol. 84, No. 138 / Thursday, July 18, 2019 / Notices which protects from disclosure ‘‘trade secrets and commercial or financial information obtained from a person [that is] privileged or confidential.’’ Current actions: On April 17, 2019, the Board published a notice in the Federal Register (84 FR 16015) requesting public comment for 60 days on the extension, without revision, of the FR 2436. The comment period for this notice expired on June 17, 2019. The Board did not receive any comments. Board of Governors of the Federal Reserve System, July 15, 2019. Michele Taylor Fennell, Assistant Secretary of the Board. [FR Doc. 2019–15312 Filed 7–17–19; 8:45 am] BILLING CODE 6210–01–P FEDERAL RESERVE SYSTEM 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 August 12, 2019. A. Federal Reserve Bank of New York (Ivan Hurwitz, Senior Vice President) 33 Liberty Street, New York, New York 10045–0001. Comments can also be sent electronically to Comments.applications@ny.frb.org: 1. Banco Bradesco, S.A., Lecce Holdings S.A., Fundac ¸a˜o Bradesco, BBD Participac¸o˜es S.A., Nova Cidade de Deus Participac¸o˜es S.A., and Cidade de Deus Cia. Comercial de Participac ¸o˜es, all of Osasco, Sa˜o Paulo, Brazil; to become bank holding companies by acquiring substantially all of the shares of BAC Florida Bank, Coral Gables, Florida. B. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant Vice President) 230 South LaSalle Street, Chicago, Illinois 60690–1414: 1. Brodhead Bancshares, Inc., Brodhead, Wisconsin; to acquire 100 percent of the voting shares of Farmers and Merchants Bank of Orfordville, Orfordville, Wisconsin. Board of Governors of the Federal Reserve System, July 12, 2019. Yao-Chin Chao, Assistant Secretary of the Board. [FR Doc. 2019–15250 Filed 7–17–19; 8:45 am] BILLING CODE P DEPARTMENT OF HEALTH AND HUMAN SERVICES Administration for Children and Families Proposed Information Collection Activity; ORR Data Collection for the Annual Survey of Refugees (OMB #0907–0033) Office of Refugee Resettlement; Administration for Children and Families; HHS. ACTION: Request for public comment. AGENCY: The Administration for Children and Families (ACF) within the U.S. Department of Health and Human Services (HHS) seeks an update to the SUMMARY: existing data collection for the Annual Survey of Refugees. The Annual Survey of Refugees is a yearly sample survey of refugee households entering the U.S. in the previous five fiscal years. The requested update is based upon results of a multi-year effort in instrument redesign and field testing. ACF estimates the proposed changes will increase response burden from 30 to 45 minutes per respondent. DATES: Comments due within 60 days of publication. In compliance with the requirements of Section 3506(c)(2)(A) of the Paperwork Reduction Act of 1995, the Administration for Children and Families is soliciting public comment on the specific aspects of the information collection described above. ADDRESSES: Copies of the proposed collection of information can be obtained and comments may be forwarded by emailing OPREinfocollection@acf.hhs.gov. Alternatively, copies can also be obtained by writing to the Administration for Children and Families, Office of Planning, Research, and Evaluation, 330 C Street SW, Washington, DC 20201, Attn: OPRE Reports Clearance Officer. All requests, emailed or written should be identified by the title of the information collection. SUPPLEMENTARY INFORMATION: Description: Data from the Annual Survey of Refugees are used to meet the Office of Refugee Resettlement’s Congressional reporting requirements, as set forth in the Refugee Act of 1980 (Section 413(a) of the Immigration and Nationality Act). The Office of Refugee Resettlement makes survey findings available to the general public and uses findings for the purposes of program planning, policy-making, and budgeting. The requested update reflects changes to the survey instrument to: Enhance ORR’s understanding of refugees’ resettlement experiences; streamline the collection of household-level information; and improve data reliability and validity. Respondents: The Annual Survey of Refugees secures a nationally representative sample of refugee households arriving in the United States in the previous five fiscal years. khammond on DSKBBV9HB2PROD with NOTICES ANNUAL BURDEN ESTIMATES Total number of respondents Instrument ORR–9 (Annual Survey of Refugees) ................................. Pre-Survey Information Form .............................................. VerDate Sep<11>2014 17:56 Jul 17, 2019 Jkt 247001 PO 00000 Frm 00064 Annual number of respondents 6000 6000 Fmt 4703 Sfmt 4703 Number of responses per respondent 2000 2000 E:\FR\FM\18JYN1.SGM 1 1 18JYN1 Average burden hours per response .75 .05 Annual burden hours 1500 100

Agencies

[Federal Register Volume 84, Number 138 (Thursday, July 18, 2019)]
[Notices]
[Pages 34394-34395]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-15312]


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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 
Semiannual Report of Derivatives Activity (FR 2436; OMB No. 7100-0286).

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.
    Office of Management and Budget (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.
    A copy of the Paperwork Reduction Act (PRA) OMB submission, 
including the reporting form and instructions, supporting statement, 
and other documentation will be placed into OMB's public docket files. 
These documents also are 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 above.

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. 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.

Final Approval Under OMB Delegated Authority of the Extension for Three 
Years, Without Revision, of the Following Information Collection

    Report title: Semiannual Report of Derivatives Activity.
    Agency form number: FR 2436.
    OMB control number: 7100-0286.
    Frequency: Semiannually.
    Respondents: Largest U.S. dealers of over-the-counter (OTC) 
derivatives.
    Estimated number of respondents: 8.
    Estimated average hours per response: 236.
    Estimated annual burden hours: 3,776.
    General description of report: Derivatives dealers provide data on 
outstanding positions (notional, gross positive, and gross negative 
fair values) with breakdowns by broad market risk category, product 
type, counterparty type, maturity, and specific underlying market 
risks--the currency, equity market, or reference entity that underlie 
the contract. In addition, reporters provide data on the credit 
exposures and liabilities arising from all outstanding credit default 
swaps contracts, as well as from the entire portfolio.
    Legal authorization and confidentiality: This report is authorized 
under sections 2A and 12A of the Federal Reserve Act (FRA). Section 2A 
of the FRA requires the Federal Reserve Board and the Federal Open 
Market Committee (FOMC) to 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). Section 12A of the FRA requires the FOMC to implement 
regulations relating to the open market operations conducted by Federal 
Reserve Banks 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). Because the Federal Reserve System uses the 
information obtained from the FR 2436 to fulfill these obligations, 
these statutory provisions provide the legal authorization for the 
collection of information on the FR 2436.
    The FR 2436 is voluntary. Because the release of this information 
would cause substantial harm to the competitive position of the entity 
from whom the information was obtained, the information collected on 
the FR 2436 may be granted confidential treatment under exemption 
(b)(4) of the Freedom of Information Act (5 U.S.C. 552(b)(4)),

[[Page 34395]]

which protects from disclosure ``trade secrets and commercial or 
financial information obtained from a person [that is] privileged or 
confidential.''
    Current actions: On April 17, 2019, the Board published a notice in 
the Federal Register (84 FR 16015) requesting public comment for 60 
days on the extension, without revision, of the FR 2436. The comment 
period for this notice expired on June 17, 2019. The Board did not 
receive any comments.

    Board of Governors of the Federal Reserve System, July 15, 2019.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2019-15312 Filed 7-17-19; 8:45 am]
BILLING CODE 6210-01-P