Proposed Agency Information Collection Activities; Comment Request, 12296-12298 [2020-04197]
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<![CDATA[
12296
Federal Register / Vol. 85, No. 41 / Monday, March 2, 2020 / Notices
You may submit comments,
identified by FRA, 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 the 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 https://
www.federalreserve.gov/apps/foia/
proposedregs.aspx as submitted, unless
modified for technical reasons or to
remove personally identifiable
information at the commenter’s request.
Accordingly, 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
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 any
reporting form and instructions, the
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
khammond on DSKJM1Z7X2PROD with NOTICES
ADDRESSES:
VerDate Sep<11>2014
18:10 Feb 28, 2020
Jkt 250001
System, Washington, DC 20551, (202)
452–3829.
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. 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: Reporting Requirements
Associated with Regulation A.
Agency form number: FR A.
OMB control number: 7100–0373.
Frequency: Event-generated.
Respondents: Entities or persons
borrowing under an emergency lending
program or facility established pursuant
to section 13(3) of the Federal Reserve
Act.1
Estimated number of respondents: 5.
1 12
PO 00000
U.S.C. 343(3).
Frm 00047
Fmt 4703
Estimated average hours per response:
8.
Estimated annual burden hours: 40.
General description of report: The
Board has established, by regulation,
policies and procedures with respect to
emergency lending under section 13(3)
of the Federal Reserve Act, as amended
by sections 1101 and 1103 of the DoddFrank Wall Street Reform and Consumer
Protection Act (the Dodd-Frank Act).
With the FR A information collection,
the Federal Reserve complies with the
requirements of the Federal Reserve Act,
as amended by section 1101(a)(6) of the
Dodd-Frank Act.
Section 1101 of the Dodd-Frank Act
amended section 13(3) to provide that a
Federal Reserve Bank may rely on a
written certification from the person or
from the chief executive officer or other
authorized officer of the entity, at the
time the person or entity initially
borrows under the program or facility,
that the person or entity is not
insolvent. The amendments provide that
a borrower is considered insolvent if the
borrower is in bankruptcy, resolution
under Title II of Public Law 111–203 (12
U.S.C. 5381 et seq.) or any other Federal
or State insolvency proceeding.
Legal authorization and
confidentiality: The FR A is authorized
pursuant to section 13(3) of the Federal
Reserve Act, which allows for the
written certification. A Federal Reserve
Bank may not lend to an entity that is
insolvent. The obligation to respond,
therefore, is required to obtain a benefit.
The information collected under FR A
may be kept confidential under
exemption 4 of the Freedom of
Information Act, which protects
commercial or financial information
obtained from a person that is privileged
or confidential.2
Board of Governors of the Federal Reserve
System, February 25, 2020.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2020–04196 Filed 2–28–20; 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.
AGENCY:
The Board of Governors of the
Federal Reserve System (Board) invites
comment on a proposal to extend for
SUMMARY:
25
Sfmt 4703
U.S.C. 552(b)(4).
E:\FR\FM\02MRN1.SGM
02MRN1
khammond on DSKJM1Z7X2PROD with NOTICES
Federal Register / Vol. 85, No. 41 / Monday, March 2, 2020 / Notices
three years, with revision, the Joint
Standards for Assessing the Diversity
Policies and Practices of Entities
Regulated by the Agencies (FR 2100;
OMB No. 7100–0368).
DATES: Comments must be submitted on
or before May 1, 2020.
ADDRESSES: You may submit comments,
identified by FR 2100, 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 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 https://
www.federalreserve.gov/apps/foia/
proposedregs.aspx as submitted, unless
modified for technical reasons or to
remove personally identifiable
information at the commenter’s request.
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
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, once
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
VerDate Sep<11>2014
18:10 Feb 28, 2020
Jkt 250001
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 of
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: Joint Standards for
Assessing the Diversity Policies and
PO 00000
Frm 00048
Fmt 4703
Sfmt 4703
12297
Practices of Entities Regulated by the
Agencies (Policy Statement).
Agency form number: FR 2100.
OMB control number: 7100–0368.
Frequency: Annual.
Respondents: All financial
institutions regulated by the Board.
Estimated number of respondents:
125.
Estimated average hours per response:
Reporting: 7 hours; Disclosure: 1 hour.
Estimated annual burden hours: 1,000
hours.
General description of report: Section
342 of the Dodd-Frank Wall Street
Reform and Consumer Protection Act of
2010 (Dodd-Frank Act) requires the
Office of the Comptroller of the
Currency (OCC), Board, Federal Deposit
Insurance Corporation (FDIC), National
Credit Union Administration (NCUA),
Bureau of Consumer Financial
Protection (CFPB), and Securities and
Exchange Commission (SEC) (the
Agencies) each to establish an Office of
Minority and Women Inclusion (OMWI)
to be responsible for all matters of the
Agency relating to diversity in
management, employment, and business
activities. Section 342 requires each
OMWI director to develop standards for
‘‘assessing the diversity policies and
practices of entities regulated by the
agency.’’ The Policy Statement,
published jointly by the Agencies in
June 2015, contains those standards.
Proposed revisions: With respect to
the reporting template, the Board
proposes to clarify the confidentiality
language in the ‘‘Use of Information’’
section by stating that if a regulated
entity submits confidential commercial
information that is both customarily and
actually treated as private by the entity,
the entity should separately designate
such information as ‘‘confidential
commercial information,’’ as
appropriate, and that the Board will
treat such designated information as
confidential to the extent permitted by
law, including the Freedom of
Information Act.1 The Board also
proposes to delete the Yes/No boxes in
Section 5 (‘‘Institution’s SelfAssessment’’) and to ask the institution
to describe its practices during the
assessment year. The Yes/No boxes are
not necessary as Section 5 of the
reporting template already requests a
description of the programs that are
proving successful as well as the
challenges institutions are facing with
their diversity programs. Additionally,
the FR 2100 includes a disclosure
provision for respondent institutions.
The Board has revised the FR 2100
15
U.S.C. 552.
E:\FR\FM\02MRN1.SGM
02MRN1
khammond on DSKJM1Z7X2PROD with NOTICES
12298
Federal Register / Vol. 85, No. 41 / Monday, March 2, 2020 / Notices
information collection to account for
this disclosure provision.
Legal authorization and
confidentiality: The information
collections contained within the Policy
Statement, as well as the self-assessment
reporting template, are authorized by
section 342 of the Dodd-Frank Act,2
which requires the Board’s OMWI
director to develop standards for
assessing regulated entities’ diversity
policies and practices. The information
collections associated with the Policy
Statement are voluntary, as is the use of
the self-assessment reporting template.
The Transparency Standard, and a
portion of the Self-Assessment
Standard, call for regulated entities to
provide information to the public, so
confidentiality is not an issue with
respect to those aspects of the Policy
Statement. A regulated entity may
provide self-assessment material to the
Board (including through use of the
reporting template) containing
confidential commercial information
that is protectable under exemption 4 of
the Freedom of Information Act.3 If a
regulated entity submits confidential
commercial information that is both
customarily and actually treated as
private by the entity, the entity should
separately designate such information as
‘‘confidential commercial information,’’
as appropriate, and the Board will treat
such designated information as
confidential to the extent permitted by
law, including the Freedom of
Information Act.4 As noted in the Policy
Statement, an entity’s primary federal
regulator may share information
obtained from regulated entities with
other Agencies, but the Agencies will
only publish information disclosed to
them in a form that does not identify a
particular entity or individual or
disclose confidential business
information.
Consultation outside the agency: The
Agencies worked together to develop
standards for assessing the diversity
policies and practices of their regulated
entities. The Board will continue to
reach out to the regulated entities and
other interested parties to discuss
diversity and inclusion in the financial
services industry and share leading
practices. The primary federal financial
regulator will share information with
other agencies, when appropriate, to
support coordination of efforts and to
avoid duplication.
U.S.C. 5452.
U.S.C. 552(b)(4).
4 5 U.S.C. 552.
Jkt 250001
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, if any, 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)).
Comments regarding each of these
applications must be received at the
Reserve Bank indicated or the offices of
the Board of Governors, Ann E.
Misback, Secretary of the Board, 20th
Street and Constitution Avenue NW,
Washington, DC 20551–0001, not later
than April 1, 2020.
A. Federal Reserve Bank of Atlanta
(Kathryn Haney, Assistant Vice
President) 1000 Peachtree Street NE,
Atlanta, Georgia 30309. Comments can
also be sent electronically to
Applications.Comments@atl.frb.org:
1. Business First Bancshares, Inc.,
Baton Rouge, Louisiana; to merge with
Pedestal Bancshares, Inc., thereby
indirectly acquire Pedestal Bank, both of
Houma, Louisiana.
Board of Governors of the Federal Reserve
System, February 26, 2020.
Yao-Chin Chao,
Assistant Secretary of the Board.
PO 00000
Frm 00049
Fmt 4703
FEDERAL RESERVE SYSTEM
Proposed Agency Information
Collection Activities; Comment
Request
Board of Governors of the
Federal Reserve System.
ACTION: Notice, request for comment.
AGENCY:
BILLING CODE 6210–01–P
BILLING CODE 6210–01–P
35
18:10 Feb 28, 2020
[FR Doc. 2020–04197 Filed 2–28–20; 8:45 am]
[FR Doc. 2020–04205 Filed 2–28–20; 8:45 am]
2 12
VerDate Sep<11>2014
Board of Governors of the Federal Reserve
System, February 25, 2020.
Michele Taylor Fennell,
Assistant Secretary of the Board.
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 Survey of
Small Business and Farm Lending
(SSBFL) (FR 2028; OMB No. 7100–
0061).
SUMMARY:
Comments must be submitted on
or before May 1, 2020.
ADDRESSES: You may submit comments,
identified by FR 2028, 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 the 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 https://
www.federalreserve.gov/apps/foia/
proposedregs.aspx as submitted, unless
modified for technical reasons or to
remove personally identifiable
information at the commenter’s request.
Accordingly, 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
Officer—Shagufta Ahmed—Office of
Information and Regulatory Affairs,
Office of Management and Budget, New
Executive Office Building, Room 10235,
DATES:
E:\FR\FM\02MRN1.SGM
02MRN1
]]>Agencies
[Federal Register Volume 85, Number 41 (Monday, March 2, 2020)]
[Notices]
[Pages 12296-12298]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-04197]
-----------------------------------------------------------------------
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
[[Page 12297]]
three years, with revision, the Joint Standards for Assessing the
Diversity Policies and Practices of Entities Regulated by the Agencies
(FR 2100; OMB No. 7100-0368).
DATES: Comments must be submitted on or before May 1, 2020.
ADDRESSES: You may submit comments, identified by FR 2100, 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 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
https://www.federalreserve.gov/apps/foia/proposedregs.aspx as
submitted, unless modified for technical reasons or to remove
personally identifiable information at the commenter's request. 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 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, once 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 of 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: Joint Standards for Assessing the Diversity Policies
and Practices of Entities Regulated by the Agencies (Policy Statement).
Agency form number: FR 2100.
OMB control number: 7100-0368.
Frequency: Annual.
Respondents: All financial institutions regulated by the Board.
Estimated number of respondents: 125.
Estimated average hours per response: Reporting: 7 hours;
Disclosure: 1 hour.
Estimated annual burden hours: 1,000 hours.
General description of report: Section 342 of the Dodd-Frank Wall
Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act)
requires the Office of the Comptroller of the Currency (OCC), Board,
Federal Deposit Insurance Corporation (FDIC), National Credit Union
Administration (NCUA), Bureau of Consumer Financial Protection (CFPB),
and Securities and Exchange Commission (SEC) (the Agencies) each to
establish an Office of Minority and Women Inclusion (OMWI) to be
responsible for all matters of the Agency relating to diversity in
management, employment, and business activities. Section 342 requires
each OMWI director to develop standards for ``assessing the diversity
policies and practices of entities regulated by the agency.'' The
Policy Statement, published jointly by the Agencies in June 2015,
contains those standards.
Proposed revisions: With respect to the reporting template, the
Board proposes to clarify the confidentiality language in the ``Use of
Information'' section by stating that if a regulated entity submits
confidential commercial information that is both customarily and
actually treated as private by the entity, the entity should separately
designate such information as ``confidential commercial information,''
as appropriate, and that the Board will treat such designated
information as confidential to the extent permitted by law, including
the Freedom of Information Act.\1\ The Board also proposes to delete
the Yes/No boxes in Section 5 (``Institution's Self-Assessment'') and
to ask the institution to describe its practices during the assessment
year. The Yes/No boxes are not necessary as Section 5 of the reporting
template already requests a description of the programs that are
proving successful as well as the challenges institutions are facing
with their diversity programs. Additionally, the FR 2100 includes a
disclosure provision for respondent institutions. The Board has revised
the FR 2100
[[Page 12298]]
information collection to account for this disclosure provision.
---------------------------------------------------------------------------
\1\ 5 U.S.C. 552.
---------------------------------------------------------------------------
Legal authorization and confidentiality: The information
collections contained within the Policy Statement, as well as the self-
assessment reporting template, are authorized by section 342 of the
Dodd-Frank Act,\2\ which requires the Board's OMWI director to develop
standards for assessing regulated entities' diversity policies and
practices. The information collections associated with the Policy
Statement are voluntary, as is the use of the self-assessment reporting
template. The Transparency Standard, and a portion of the Self-
Assessment Standard, call for regulated entities to provide information
to the public, so confidentiality is not an issue with respect to those
aspects of the Policy Statement. A regulated entity may provide self-
assessment material to the Board (including through use of the
reporting template) containing confidential commercial information that
is protectable under exemption 4 of the Freedom of Information Act.\3\
If a regulated entity submits confidential commercial information that
is both customarily and actually treated as private by the entity, the
entity should separately designate such information as ``confidential
commercial information,'' as appropriate, and the Board will treat such
designated information as confidential to the extent permitted by law,
including the Freedom of Information Act.\4\ As noted in the Policy
Statement, an entity's primary federal regulator may share information
obtained from regulated entities with other Agencies, but the Agencies
will only publish information disclosed to them in a form that does not
identify a particular entity or individual or disclose confidential
business information.
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\2\ 12 U.S.C. 5452.
\3\ 5 U.S.C. 552(b)(4).
\4\ 5 U.S.C. 552.
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Consultation outside the agency: The Agencies worked together to
develop standards for assessing the diversity policies and practices of
their regulated entities. The Board will continue to reach out to the
regulated entities and other interested parties to discuss diversity
and inclusion in the financial services industry and share leading
practices. The primary federal financial regulator will share
information with other agencies, when appropriate, to support
coordination of efforts and to avoid duplication.
Board of Governors of the Federal Reserve System, February 25,
2020.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2020-04197 Filed 2-28-20; 8:45 am]
BILLING CODE 6210-01-P
