Agency Information Collection Activities: Announcement of Temporary Approval by the Board Under Delegated Authority and Submission to OMB, 29447-29449 [2020-10467]

Download as PDF jbell on DSKJLSW7X2PROD with NOTICES Federal Register / Vol. 85, No. 95 / Friday, May 15, 2020 / Notices section of this document, on or before June 2, 2020. Special accommodations: For information on access or services for individuals with disabilities, and to request accommodation of a disability, please contact the DFO listed under FOR FURTHER INFORMATION CONTACT at least 10 days prior to the meeting to give EPA as much time as possible to process your request. ADDRESSES: Peer Review Virtual Meeting: Please visit http://www.epa.gov/tsca-peerreview to register. You must register online to receive the webcast meeting link and audio teleconference information for participation. Comments: Submit your comments, identified by docket identification (ID) number EPA–HQ–OPPT–2019–0501, using the instructions provided in in the Federal Register on April 3, 2020 (85 FR 18954; FRL–10006–93). Please use the Federal eRulemaking Portal: http:// www.regulations.gov. Follow the online instructions for submitting comments. Do not submit electronically any information you consider to be Confidential Business Information (CBI) or other information whose disclosure is restricted by statute. Please note that due to the public health emergency the EPA Docket Center (EPA/DC) and Reading Room was closed to public visitors on March 31, 2020. Our EPA/DC staff will continue to provide customer service via email, phone, and webform. For further information on EPA/DC services, docket contact information and the current status of the EPA/DC and Reading Room, please visit https:// www.epa.gov/dockets. Requests to present oral comments: Submit requests to present oral comments during the virtual meeting when registering. Please visit http:// www.epa.gov/tsca-peer-review to register. Requests for special accommodations: Submit requests for special accommodations to the Designated Federal Official (DFO) listed under FOR FURTHER INFORMATION CONTACT. FOR FURTHER INFORMATION CONTACT: TSCS SACC: Dr. Diana Wong, DFO, Office of Science Coordination and Policy (7201M), Environmental Protection Agency, 1200 Pennsylvania Ave. NW, Washington, DC 20460–0001; telephone number: (202) 564–2049; email address: wong.diana-m@epa.gov. Draft Risk Evaluation: Dr. Stan Barone, Office of Pollution Prevention and Toxics (7403M), Environmental Protection Agency, 1200 Pennsylvania Ave. NW, Washington, DC 20460–0001; VerDate Sep<11>2014 17:09 May 14, 2020 Jkt 250001 telephone number: (202) 564–1169; email address: barone.stan@epa.gov. SUPPLEMENTARY INFORMATION: The original meeting announcement appeared in the Federal Register on April 3, 2020 (85 FR 18954; FRL– 10006–93). This document announces the new dates for the rescheduled peer review meeting and provides instructions for registering for this virtual meeting, please consult the April 3, 2020 document for details about the purpose of the meeting, as well as instructions for participating or providing comments. As indicated previously, EPA’s background documents, related supporting materials, and draft charge questions to the TSCA SACC are available on the TSCA SACC website and in the docket established for the specific chemical substance. In addition, EPA will provide additional background documents (e.g., TSCA SACC meeting agenda) as the materials become available. You may obtain electronic copies of these documents, and certain other related documents that might be available, in the docket at http://www.regulations.gov and the TSCA SACC website at http:// www.epa.gov/tsca-peer-review. After the public meeting, the TSCA SACC will prepare meeting minutes summarizing its recommendations to the EPA. The meeting minutes will be posted on the TSCA SACC website and in the relevant docket. Authority: 15 U.S.C. 2625(o) et seq.; 5 U.S.C Appendix 2 et seq. Dated: May 10, 2020. Hayley Hughes, Director, Office of Science Coordination and Policy. [FR Doc. 2020–10484 Filed 5–14–20; 8:45 am] BILLING CODE 6560–50–P ENVIRONMENTAL PROTECTION AGENCY [FRL–10009–12–Region 4] Underground Injection Control Program; Hazardous Waste Injection Restrictions; Petition for Exemption Reissuance—Class I Hazardous Waste Injection; The Chemours Company, FC, LLC, Chemours Titanium Technologies DeLisle Plant, Pass Christian, Mississippi Environmental Protection Agency (EPA). ACTION: Notice of a final decision on a UIC no migration petition reissuance. AGENCY: Notice is hereby given that a reissuance of an exemption to the Land SUMMARY: PO 00000 Frm 00056 Fmt 4703 Sfmt 4703 29447 Disposal Restrictions, under the 1984 Hazardous and Solid Waste Amendments to the Resource Conservation and Recovery Act, has been granted to The Chemours Company for Class I hazardous waste injection wells located at their Pass Christian, Mississippi facility. The company has adequately demonstrated to the satisfaction of the EPA by the petition reissuance application and supporting documentation that, to a reasonable degree of certainty, there will be no migration of hazardous constituents from the injection zone for as long as the waste remains hazardous. This final decision allows the underground injection by The Chemours Company of the specific restricted hazardous wastes identified in this exemption reissuance request, into Class I hazardous waste injection Wells 2, 3, 4, and 5 until December 31, 2050, unless the EPA moves to terminate this exemption. Additional conditions included in this final decision may be reviewed by contacting the EPA Region 4 Ground Water, UIC, and GIS Section. A public notice was issued November 12, 2019 and the public comment period closed on December 31, 2019, and no comments were received. This decision constitutes final Agency action and there is no Administrative appeal. DATES: EPA approved the action on February 28, 2020. ADDRESSES: Copies of the petition reissuance and all pertinent information relating thereto are on file at the following location: Environmental Protection Agency, Region 4, Water Division, Safe Drinking Water Branch, 61 Forsyth Street Northeast, Atlanta, Georgia 30303. FOR FURTHER INFORMATION CONTACT: Richie Hall, EPA Region 4, Groundwater, UIC, and GIS Section, by mail at the Atlanta street address given above, by telephone at (404) 562–8067, or by email at hall.richard@epa.gov. Dated: May 8, 2020. Jeaneanne Gettle, Director, Water Division, Region 4. [FR Doc. 2020–10398 Filed 5–14–20; 8:45 am] BILLING CODE 6560–50–P FEDERAL RESERVE SYSTEM Agency Information Collection Activities: Announcement of Temporary Approval by the Board Under Delegated Authority and Submission to OMB Board of Governors of the Federal Reserve System. AGENCY: E:\FR\FM\15MYN1.SGM 15MYN1 29448 Federal Register / Vol. 85, No. 95 / Friday, May 15, 2020 / Notices Temporary approval of information collection, request for comment. ACTION: The Board of Governors of the Federal Reserve System (Board) has temporarily revised the Reporting Requirements Associated with Emergency Lending Under Section 13(3) (FR A; OMB No. 7100–0373), pursuant to the authority delegated to the Board by the Office of Management and Budget (OMB). DATES: Comments must be submitted on or before July 14, 2020. ADDRESSES: You may submit comments, identified by FR A, 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: Federal Reserve Board Clearance jbell on DSKJLSW7X2PROD with NOTICES SUMMARY: VerDate Sep<11>2014 17:09 May 14, 2020 Jkt 250001 Officer—Nuha Elmaghrabi—Office of the Chief Data Officer, Board of Governors of the Federal Reserve System, Washington, DC 20551, (202) 452–3829. 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. 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. Pursuant to its delegated authority, the Board may temporarily approve a revision to a collection of information, without providing opportunity for public comment, if the Board determines that a change in an existing collection must be instituted quickly and that public participation in the approval process would defeat the purpose of the collection or substantially interfere with the Board’s ability to perform its statutory obligation. As discussed below, the Board has made certain temporary revisions to the FR A information collection. The Board’s delegated authority requires that the Board, after temporarily approving a collection, publish a notice soliciting public comment. Therefore, the Board is also inviting comment on a proposal to extend the FR A information collection for three years, with these revisions. The Federal Register notice related to the FR A that was published March 2, 2020, is superseded by this notice. 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 PO 00000 Frm 00057 Fmt 4703 Sfmt 4703 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. Approval Under OMB Delegated Authority of the Temporary Revision of the Following Information Collection: Report title: Reporting Requirements Associated with Emergency Lending Under Section 13(3). 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. Estimated number of respondents: FR A–1: 11,281; FR A–2: 6,449; FR A–3: 13,526. Estimated average hours per response: FR A–1: 8 hours; FR A–2: 40 hours; FR A–3, Lender certifications: 151 hours; Borrower certifications: 8 hours. Estimated annual burden hours: 1,032,134. General description of report: The Board’s Regulation A (12 CFR part 201) establishes policies and procedures with respect to emergency lending under section 13(3) of the Federal Reserve Act, as required by sections 1101 and 1103 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. These policies and procedures include (1) a certification that a participant in a lending facility is not insolvent;1 and (2) a certification that a participant in a lending facility is unable to secure adequate credit accommodations from other banking institutions.2 Currently, 1 See 2 See E:\FR\FM\15MYN1.SGM 12 CFR 201.4(d)(5)(iv)(A). 12 CFR 201.4(d)(8)(ii). 15MYN1 jbell on DSKJLSW7X2PROD with NOTICES Federal Register / Vol. 85, No. 95 / Friday, May 15, 2020 / Notices the Board’s information collection for Regulation A, the FR A, includes only the former certification; the latter was unintentionally omitted. In addition to the two certifications in Regulation A that apply to all emergency lending authorized under section 13(3), the Board may establish additional certification requirements for an individual emergency lending facility. Depending on the requirements of a particular lending facility, there may be a need to vary the certifications, depending on the facts and circumstances. The FR A information collection is being revised to contain three parts. The first part of the FR A, the FR A–1, pertains to reporting requirements included in Regulation A, described above. The second part of the FR A, the FR A–2, pertains to reporting requirements associated with individual facilities that are related to requirements of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The third part of the FR A, the FR A– 3, pertains to reporting requirements specific to the Main Street Expanded Loan Facility, the Main Street New Loan Facility, and the Main Street Priority Loan Facility (collectively, the ‘‘Main Street Lending Program’’). Legal authorization and confidentiality: The FR A is authorized pursuant to section 13(3) of the Federal Reserve Act, which sets out requirements for emergency lending. The obligation to respond 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. Current actions: The Board has revised the FR A to reflect reporting requirements under facilities created under section 13(3). The newly-created facilities include the Commercial Paper Funding Facility (CPFF), Main Street Lending Program, Money Market Mutual Fund Liquidity Facility (MMLF), Municipal Liquidity Facility (MLF), Paycheck Protection Program Liquidity Facility (PPPLF), Primary Dealer Credit Facility (PDCF), Primary Market Corporate Credit Facility (PMCCF), Secondary Market Corporate Credit Facility (SMCCF), and Term Asset-Backed Securities Loan Facility (TALF). The FR A–1 is being revised to include a second certification, which was inadvertently omitted previously and serves as evidence that a person or entity is unable to secure adequate VerDate Sep<11>2014 17:09 May 14, 2020 Jkt 250001 credit accommodations from other banking institutions. The FR A–2 is a new reporting requirement within the FR A collection established through the adoption of the term sheets for the Main Street Lending Program, PMCCF, SMCCF, and TALF. Participants in the facilities must certify that they are eligible to engage in a transaction under the facility, including that the entity is not a covered entity under section 4019 of the CARES Act. The FR A–3 is a new reporting requirement within the FR A collection established through the adoption of the term sheets for the Main Street Lending Program. An eligible lender under MSELF must certify that the methodology used for calculating the eligible borrower’s adjusted 2019 earnings before interest, taxes, depreciation, and amortization (EBITDA), in order to determine the maximum loan size, is the methodology the eligible lender previously used for adjusting EBITDA when originating or amending the eligible loan on or before April 24, 2020. An eligible lender under MSNLF or MSPLF must certify that the methodology used for calculating the eligible borrower’s adjusted 2019 EBITDA in order to determine maximum loan size is the methodology it has previously used for adjusting EBITDA when extending credit to the eligible borrower or similarly situated borrowers on or before April 24, 2020. An eligible borrower must certify that it has a reasonable basis to believe that, as of the date of entering into the relevant transaction and after entering into that transaction, it has the ability to meet its financial obligations for at least the next 90 days and does not expect to file for bankruptcy during that time period. All eligible lenders in the Main Street Lending Program facilities must collect certifications from borrowers. Board of Governors of the Federal Reserve System, May 12, 2020. Michele Taylor Fennell, Assistant Secretary of the Board. [FR Doc. 2020–10467 Filed 5–14–20; 8:45 am] BILLING CODE 6210–01–P GENERAL SERVICES ADMINISTRATION [Notice–PBS–2020–04; Docket No. 2020– 0002; Sequence No. 12] Revised Notice of Intent/Revised Project Action and Notice of Availability for Land Ports of Entry (LPOE) Public Buildings Service (PBS), Pacific Rim Division General Services Administration (GSA). AGENCY: PO 00000 Frm 00058 Fmt 4703 Sfmt 4703 ACTION: 29449 Notice. The Federal Motor Carrier Safety Administration (FMCSA) and the GSA have partnered to develop a program of projects at a number of Land Ports of Entry (LPOEs) so that FMCSA agents can safely and effectively inspect both commercial truck and bus traffic. DATES: Due to the COVID–19 pandemic and to ensure the safety of the public, a formal, in-person public meeting will not be held to solicit comments and provide information about the Draft EA. We will consider all comments that we receive on or before June 30, 2020. ADDRESSES: The Draft EA can be viewed on the GSA website at http:// www.gsa.gov/nepa. Click on NEPA Library then Public Documents. In addition, copies may be obtained by calling or writing to the individual listed in this notice under the FOR FURTHER INFORMATION CONTACT section. You may submit comments at the public meeting by either of the following methods: • Electronic Mail: osmahn.kadri@ gsa.gov. • Postal Mail/Commercial Delivery: Send your comment to: Tina Sekula, JMT Inc., 1130 Situs Court, Suite 200, Raleigh, NC 27606. FOR FURTHER INFORMATION CONTACT: • Email: Osmahn Kadri at osmahn.kadri@gsa.gov • Mail: Attn: Osmahn Kadri, NEPA Program Manager, 50 United Nations Plaza, 3345, Mailbox #9, San Francisco, CA 94102. • Telephone: (415) 522–3617. • *NOTE* PLEASE DO NOT MAIL COMMENTS VIA THE U.S. POSTAL SERVICE (USPS) TO THE GSA MAILING ADDRESS AT THIS TIME. USPS MAIL CAN BE SENT TO JMT INC AT THE ADDRESS ABOVE. SUPPLEMENTARY INFORMATION: GSA intended to prepare an Environmental Impact Statement (EIS) to analyze the potential impacts from the proposed construction of six (6) inspection facilities at five (5) different LPOEs in both California and Arizona. A Notice of Intent (NOI) was published on May 23, 2019 concerning the EIS and scoping meetings. A revised NOI was published on June 21, 2019 to notify interested parties that dates for the scoping meetings changed for the two (2) Arizona Sites. This publication serves as another revised NOI to inform interested parties of a revised project action. Based on scoping comments received, GSA has modified the proposed action to develop co-located truck inspection facilities within existing state-operated SUMMARY: E:\FR\FM\15MYN1.SGM 15MYN1

Agencies

[Federal Register Volume 85, Number 95 (Friday, May 15, 2020)]
[Notices]
[Pages 29447-29449]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-10467]


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FEDERAL RESERVE SYSTEM


Agency Information Collection Activities: Announcement of 
Temporary Approval by the Board Under Delegated Authority and 
Submission to OMB

AGENCY: Board of Governors of the Federal Reserve System.

[[Page 29448]]


ACTION: Temporary approval of information collection, request for 
comment.

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

SUMMARY: The Board of Governors of the Federal Reserve System (Board) 
has temporarily revised the Reporting Requirements Associated with 
Emergency Lending Under Section 13(3) (FR A; OMB No. 7100-0373), 
pursuant to the authority delegated to the Board by the Office of 
Management and Budget (OMB).

DATES: Comments must be submitted on or before July 14, 2020.

ADDRESSES: You may submit comments, identified by FR A, 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 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: 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. 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. 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. Pursuant to its 
delegated authority, the Board may temporarily approve a revision to a 
collection of information, without providing opportunity for public 
comment, if the Board determines that a change in an existing 
collection must be instituted quickly and that public participation in 
the approval process would defeat the purpose of the collection or 
substantially interfere with the Board's ability to perform its 
statutory obligation.
    As discussed below, the Board has made certain temporary revisions 
to the FR A information collection. The Board's delegated authority 
requires that the Board, after temporarily approving a collection, 
publish a notice soliciting public comment. Therefore, the Board is 
also inviting comment on a proposal to extend the FR A information 
collection for three years, with these revisions. The Federal Register 
notice related to the FR A that was published March 2, 2020, is 
superseded by this notice.

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.
    Approval Under OMB Delegated Authority of the Temporary Revision of 
the Following Information Collection:
    Report title: Reporting Requirements Associated with Emergency 
Lending Under Section 13(3).
    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.
    Estimated number of respondents: FR A-1: 11,281; FR A-2: 6,449; FR 
A-3: 13,526.
    Estimated average hours per response: FR A-1: 8 hours; FR A-2: 40 
hours; FR A-3, Lender certifications: 151 hours; Borrower 
certifications: 8 hours.
    Estimated annual burden hours: 1,032,134.
    General description of report: The Board's Regulation A (12 CFR 
part 201) establishes policies and procedures with respect to emergency 
lending under section 13(3) of the Federal Reserve Act, as required by 
sections 1101 and 1103 of the Dodd-Frank Wall Street Reform and 
Consumer Protection Act. These policies and procedures include (1) a 
certification that a participant in a lending facility is not 
insolvent;\1\ and (2) a certification that a participant in a lending 
facility is unable to secure adequate credit accommodations from other 
banking institutions.\2\ Currently,

[[Page 29449]]

the Board's information collection for Regulation A, the FR A, includes 
only the former certification; the latter was unintentionally omitted. 
In addition to the two certifications in Regulation A that apply to all 
emergency lending authorized under section 13(3), the Board may 
establish additional certification requirements for an individual 
emergency lending facility. Depending on the requirements of a 
particular lending facility, there may be a need to vary the 
certifications, depending on the facts and circumstances.
---------------------------------------------------------------------------

    \1\ See 12 CFR 201.4(d)(5)(iv)(A).
    \2\ See 12 CFR 201.4(d)(8)(ii).
---------------------------------------------------------------------------

    The FR A information collection is being revised to contain three 
parts. The first part of the FR A, the FR A-1, pertains to reporting 
requirements included in Regulation A, described above. The second part 
of the FR A, the FR A-2, pertains to reporting requirements associated 
with individual facilities that are related to requirements of the 
Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The 
third part of the FR A, the FR A-3, pertains to reporting requirements 
specific to the Main Street Expanded Loan Facility, the Main Street New 
Loan Facility, and the Main Street Priority Loan Facility 
(collectively, the ``Main Street Lending Program'').
    Legal authorization and confidentiality: The FR A is authorized 
pursuant to section 13(3) of the Federal Reserve Act, which sets out 
requirements for emergency lending. The obligation to respond 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.
    Current actions: The Board has revised the FR A to reflect 
reporting requirements under facilities created under section 13(3). 
The newly-created facilities include the Commercial Paper Funding 
Facility (CPFF), Main Street Lending Program, Money Market Mutual Fund 
Liquidity Facility (MMLF), Municipal Liquidity Facility (MLF), Paycheck 
Protection Program Liquidity Facility (PPPLF), Primary Dealer Credit 
Facility (PDCF), Primary Market Corporate Credit Facility (PMCCF), 
Secondary Market Corporate Credit Facility (SMCCF), and Term Asset-
Backed Securities Loan Facility (TALF).
    The FR A-1 is being revised to include a second certification, 
which was inadvertently omitted previously and serves as evidence that 
a person or entity is unable to secure adequate credit accommodations 
from other banking institutions. The FR A-2 is a new reporting 
requirement within the FR A collection established through the adoption 
of the term sheets for the Main Street Lending Program, PMCCF, SMCCF, 
and TALF. Participants in the facilities must certify that they are 
eligible to engage in a transaction under the facility, including that 
the entity is not a covered entity under section 4019 of the CARES Act. 
The FR A-3 is a new reporting requirement within the FR A collection 
established through the adoption of the term sheets for the Main Street 
Lending Program. An eligible lender under MSELF must certify that the 
methodology used for calculating the eligible borrower's adjusted 2019 
earnings before interest, taxes, depreciation, and amortization 
(EBITDA), in order to determine the maximum loan size, is the 
methodology the eligible lender previously used for adjusting EBITDA 
when originating or amending the eligible loan on or before April 24, 
2020. An eligible lender under MSNLF or MSPLF must certify that the 
methodology used for calculating the eligible borrower's adjusted 2019 
EBITDA in order to determine maximum loan size is the methodology it 
has previously used for adjusting EBITDA when extending credit to the 
eligible borrower or similarly situated borrowers on or before April 
24, 2020. An eligible borrower must certify that it has a reasonable 
basis to believe that, as of the date of entering into the relevant 
transaction and after entering into that transaction, it has the 
ability to meet its financial obligations for at least the next 90 days 
and does not expect to file for bankruptcy during that time period. All 
eligible lenders in the Main Street Lending Program facilities must 
collect certifications from borrowers.

    Board of Governors of the Federal Reserve System, May 12, 2020.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2020-10467 Filed 5-14-20; 8:45 am]
BILLING CODE 6210-01-P