Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 55957-55958 [2019-22736]

Download as PDF Federal Register / Vol. 84, No. 202 / Friday, October 18, 2019 / Notices 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: Filings Related to the Gramm-Leach-Bliley Act. Agency form numbers: FR 4010, FR 4011, FR 4012, FR 4017, FR 4019, and FR 4023. OMB control number: 7100–0292. Frequency: On occasion. Respondents: Bank holding companies (BHCs), savings and loan holding companies (SLHCs), foreign banking organizations (FBOs), and state member banks. Estimated number of respondents: FR 4010: BHCs and SLHCs, 58, and FBOs, 4; FR 4011: 1; FR 4012: BHCs and SLHCs decertified as a financial holding company (FHC), 2, and FHCs back into compliance—BHCs and SLHCs, 14; FR 4017: 1; FR 4019: Regulatory relief requests, 1, and Portfolio company notification, 1; FR 4023: 30. Estimated average hours per response: FR 4010: BHCs and SLHCs, 3, and FBOs, 3.5; FR 4011: 10; FR 4012: BHCs and SLHCs decertified as an FHC, 1, and FHCs back into compliance—BHCs and SLHCs, 10; FR 4017: 4; FR 4019: Regulatory relief requests, 1, and Portfolio company notification, 1; FR 4023: 50. Estimated annual burden hours: FR 4010: BHCs and SLHCs, 174, FBOs, 14; FR 4011: 10; FR 4012: BHCs and SLHCs decertified as an FHC, 2, and FHCs back into compliance—BHCs and SLHCs, 140; FR 4017: 4; FR 4019: Regulatory relief requests, 1, and Portfolio company notification, 1; FR 4023: 1,500. General description of report: These reporting and recordkeeping requirements, which are related to amendments made by the GrammLeach-Bliley Act (GLBA) to the Bank Holding Company Act (BHC Act) and the Federal Reserve Act (FRA), are composed of the following: • Declarations to Become a Financial Holding Company (FR 4010); • Requests for Determinations and Interpretations Regarding Activities Financial in Nature (FR 4011); • Notices of Failure to Meet Capital or Management Requirements (FR 4012); VerDate Sep<11>2014 16:37 Oct 17, 2019 Jkt 250001 • Notices by State Member Banks to Invest in Financial Subsidiaries (FR 4017); • Regulatory Relief Requests Associated with Merchant Banking Activities (FR 4019); and • Recordkeeping Requirements Associated with Merchant Banking Activities (FR 4023). These collections of information are event-generated and there are no formal reporting forms for these collections of information. In each case, the information required to be filed is described in the Board’s regulations. Legal authorization and confidentiality: The FR 4010 is authorized pursuant to section 4(l) of the BHC Act 1 and section 10(c)(2)(H) of the Home Owners’ Loan Act (‘‘HOLA’’).2 The FR 4011 is authorized pursuant to sections 4(j) and (k) of the BHC Act.3 The FR 4012 is authorized pursuant to section 5(b) of the BHC Act 4 and section 10(g) of the HOLA.5 The FR 4017 is authorized pursuant to section 9 of the FRA.6 The FR 4019 and FR 4023 are authorized pursuant to section 4(k)(7) of the BHC Act.7 The obligation to respond to the FR 4010, FR 4011, FR 4017, and FR 4019 is required to obtain a benefit. The obligation to respond to the FR 4012 and comply with the recordkeeping requirements of the FR 4023 are mandatory. Regarding information submitted pursuant to the FR 4010, FR 4011, FR 4017, and FR 4019, a firm may request confidential treatment under the Board’s rules regarding confidential treatment of information at 12 CFR 261.15. The Board will consider whether such information may be kept confidential in accordance with exemption 4 of the Freedom of Information Act (‘‘FOIA’’), which protects from disclosure trade secrets and commercial or financial information (5 U.S.C. 552(b)(4)), or any other applicable FOIA exemption. 1 12 U.S.C. 1843(l). For foreign banking organizations, the FR 4010 is authorized pursuant to section 4(l) of the BHC Act (12 U.S.C. 1843(l)), in conjunction with section 8 of the International Banking Act (12 U.S.C. 3106(a)). 2 12 U.S.C 1467a(c)(2)(H). 3 12 U.S.C. 1843(j)–(k). 4 12 U.S.C. 1844(b). For foreign banking organizations, the FR 4012 is authorized pursuant to section 5(b) of the BHC Act (12 U.S.C. 1844(b)), in conjunction with section 8 of the International Banking Act (12 U.S.C. 3106). 5 12 U.S.C. 1467a(g). 6 12 U.S.C. 335. 7 12 U.S.C. 1843(k)(7). For foreign banking organizations, the FR 4019 and 4023 are authorized pursuant to section 4(k)(7) of the BHC Act (12 U.S.C. 1843(k)(7)), in conjunction with section 8 of the International Banking Act (12 U.S.C. 3106). PO 00000 Frm 00056 Fmt 4703 Sfmt 4703 55957 Board of Governors of the Federal Reserve System, October 11, 2019. Michele Taylor Fennell, Assistant Secretary of the Board. [FR Doc. 2019–22734 Filed 10–17–19; 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, with revision, the Interagency Policy Statement on Funding and Liquidity Risk Management (FR 4198; OMB No. 7100–0326). The revisions are applicable immediately. 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 collections of information conducted or sponsored by the Board. Boardapproved 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 AGENCY: E:\FR\FM\18OCN1.SGM 18OCN1 55958 Federal Register / Vol. 84, No. 202 / Friday, October 18, 2019 / Notices Years, With Revision, of the Following Information Collection: Report title: Interagency Policy Statement on Funding and Liquidity Risk Management. Agency form number: FR 4198. OMB control number: 7100–0326. Effective Date: Immediately. Frequency: Annually. Respondents: Bank holding companies, savings and loan holding companies, state-licensed branches and agencies of foreign banks (other than insured branches), corporations organized or operating under sections 25 or 25A of the Federal Reserve Act (agreement corporations and Edge corporations), and state member banks. Estimated number of respondents: Implementing recordkeeping, 30; ongoing recordkeeping, 4,789. Estimated average hours per response: Implementing recordkeeping, 160 hours; ongoing recordkeeping, 32 hours. Estimated annual burden hours: 158,048 hours. General description of report: The Interagency Policy Statement on Funding and Liquidity Risk Management (Guidance) 1 states that financial institutions should develop and document liquidity risk management policies and procedures commensurate with the institution’s complexity, risk profile, and scope of operations. Sections 3 and 6 of the Guidance provide that financial institutions should maintain such policies and procedures. Section 6 of the Guidance states that financial institutions should have a contingency funding plan (CFP) that sufficiently addresses potential adverse liquid events and emergency cash flow requirements, and section 34 of the Guidance states that the CFP should be documented. Legal authorization and confidentiality: The recordkeeping provisions of the Guidance are authorized pursuant to sections 9(6), 25, and 25A of the Federal Reserve Act 2 (for state member banks, agreement corporations, and Edge corporations, respectively); section 5(c) of the Bank Holding Company Act 3 (for bank holding companies); section 10(b)(3) of the Home Owners’ Loan Act 4 (for savings and loan holding companies); 1 ‘‘Interagency Policy Statement on Funding and Liquidity Risk Management,’’ 75 FR 13656 (March 22, 2010). The Guidance was published jointly by the Board, the Office of the Comptroller of the Currency, the Office of Thrift Supervision, the Federal Deposit Insurance Corporation, and the National Credit Union Administration. 2 12 U.S.C. 324, 602, and 625, respectively. 3 12 U.S.C. 1844(c). 4 12 U.S.C. 1467a(b)(3). VerDate Sep<11>2014 16:37 Oct 17, 2019 Jkt 250001 and section 7(c)(2) of the International Banking Act 5 (for state-licensed branches and agencies of foreign banks, other than insured branches). Because the recordkeeping provisions are contained within guidance, which is nonbinding, they are voluntary.6 There are no reporting forms associated with this information collection. Because these records would be maintained at each banking organization, 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 banking organization. In the event the records are obtained by the Board as part of an examination or supervision of a financial institution, this information may be 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 ‘‘commercial or financial information obtained from a person [that is] privileged or confidential’’ (5 U.S.C. 552(b)(4)). Current actions: On June 25, 2019, the Board published a notice in the Federal Register (84 FR 29862) requesting public comment for 60 days on the extension, with revision, of the Interagency Policy Statement on Funding and Liquidity Risk Management. The Board proposed to revise the FR 4198 to account for all of the recordkeeping provisions set forth in the Guidance related to liquidity risk management policies, procedures, and assumptions, and CFPs. The comment period for this notice expired on August 26, 2019. The Board did not receive any comments. The revisions will be implemented as proposed. Board of Governors of the Federal Reserve System, October 11, 2019. Michele Taylor Fennell, Assistant Secretary of the Board. [FR Doc. 2019–22736 Filed 10–17–19; 8:45 am] BILLING CODE 6210–01–P 5 12 U.S.C. 3105(c)(2). SR 18–5/CA 18–7: Interagency Statement Clarifying the Role of Supervisory Guidance (Sept. 11, 2018). 6 See PO 00000 Frm 00057 Fmt 4703 Sfmt 4703 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 Disclosure and Reporting Requirements of the Community Reinvestment Act (CRA)Related Agreements (Regulation G) (FR G; OMB No. 7100–0299). 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 collections of information conducted or sponsored by the Board. Boardapproved 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: Disclosure and Reporting Requirements of the Community Reinvestment Act (CRA)-Related Agreements (Regulation G). Agency form number: FR G. OMB control number: 7100–0299. AGENCY: E:\FR\FM\18OCN1.SGM 18OCN1

Agencies

[Federal Register Volume 84, Number 202 (Friday, October 18, 2019)]
[Notices]
[Pages 55957-55958]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-22736]


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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, with revision, the 
Interagency Policy Statement on Funding and Liquidity Risk Management 
(FR 4198; OMB No. 7100-0326). The revisions are applicable immediately.

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 
collections of information 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

[[Page 55958]]

Years, With Revision, of the Following Information Collection:
    Report title: Interagency Policy Statement on Funding and Liquidity 
Risk Management.
    Agency form number: FR 4198.
    OMB control number: 7100-0326.
    Effective Date: Immediately.
    Frequency: Annually.
    Respondents: Bank holding companies, savings and loan holding 
companies, state-licensed branches and agencies of foreign banks (other 
than insured branches), corporations organized or operating under 
sections 25 or 25A of the Federal Reserve Act (agreement corporations 
and Edge corporations), and state member banks.
    Estimated number of respondents: Implementing recordkeeping, 30; 
ongoing recordkeeping, 4,789.
    Estimated average hours per response: Implementing recordkeeping, 
160 hours; ongoing recordkeeping, 32 hours.
    Estimated annual burden hours: 158,048 hours.
    General description of report: The Interagency Policy Statement on 
Funding and Liquidity Risk Management (Guidance) \1\ states that 
financial institutions should develop and document liquidity risk 
management policies and procedures commensurate with the institution's 
complexity, risk profile, and scope of operations. Sections 3 and 6 of 
the Guidance provide that financial institutions should maintain such 
policies and procedures. Section 6 of the Guidance states that 
financial institutions should have a contingency funding plan (CFP) 
that sufficiently addresses potential adverse liquid events and 
emergency cash flow requirements, and section 34 of the Guidance states 
that the CFP should be documented.
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    \1\ ``Interagency Policy Statement on Funding and Liquidity Risk 
Management,'' 75 FR 13656 (March 22, 2010). The Guidance was 
published jointly by the Board, the Office of the Comptroller of the 
Currency, the Office of Thrift Supervision, the Federal Deposit 
Insurance Corporation, and the National Credit Union Administration.
---------------------------------------------------------------------------

    Legal authorization and confidentiality: The recordkeeping 
provisions of the Guidance are authorized pursuant to sections 9(6), 
25, and 25A of the Federal Reserve Act \2\ (for state member banks, 
agreement corporations, and Edge corporations, respectively); section 
5(c) of the Bank Holding Company Act \3\ (for bank holding companies); 
section 10(b)(3) of the Home Owners' Loan Act \4\ (for savings and loan 
holding companies); and section 7(c)(2) of the International Banking 
Act \5\ (for state-licensed branches and agencies of foreign banks, 
other than insured branches). Because the recordkeeping provisions are 
contained within guidance, which is nonbinding, they are voluntary.\6\ 
There are no reporting forms associated with this information 
collection.
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    \2\ 12 U.S.C. 324, 602, and 625, respectively.
    \3\ 12 U.S.C. 1844(c).
    \4\ 12 U.S.C. 1467a(b)(3).
    \5\ 12 U.S.C. 3105(c)(2).
    \6\ See SR 18-5/CA 18-7: Interagency Statement Clarifying the 
Role of Supervisory Guidance (Sept. 11, 2018).
---------------------------------------------------------------------------

    Because these records would be maintained at each banking 
organization, 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 banking organization. In the event the 
records are obtained by the Board as part of an examination or 
supervision of a financial institution, this information may be 
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 ``commercial or financial 
information obtained from a person [that is] privileged or 
confidential'' (5 U.S.C. 552(b)(4)).
    Current actions: On June 25, 2019, the Board published a notice in 
the Federal Register (84 FR 29862) requesting public comment for 60 
days on the extension, with revision, of the Interagency Policy 
Statement on Funding and Liquidity Risk Management. The Board proposed 
to revise the FR 4198 to account for all of the recordkeeping 
provisions set forth in the Guidance related to liquidity risk 
management policies, procedures, and assumptions, and CFPs. The comment 
period for this notice expired on August 26, 2019. The Board did not 
receive any comments. The revisions will be implemented as proposed.

    Board of Governors of the Federal Reserve System, October 11, 
2019.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2019-22736 Filed 10-17-19; 8:45 am]
 BILLING CODE 6210-01-P