Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 38895-38896 [2020-13857]

Download as PDF jbell on DSKJLSW7X2PROD with NOTICES Federal Register / Vol. 85, No. 125 / Monday, June 29, 2020 / Notices agency.’’ The Policy Statement, published jointly by the Agencies in June 2015, contains those standards. 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,1 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.2 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.3 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. Current actions: On March 2, 2020, the Board published a notice in the Federal Register (85 FR 12296) requesting comment for 60 days on the proposal to extend, with revision, the Joint Standards for Assessing the Diversity Policies and Practices of Entities Regulated by the Agencies. The Board has revised the language in the ‘‘Use of Information’’ section of the reporting template regarding the designation of information as confidential by respondents. The Board also eliminated the ‘‘Yes/No’’ check boxes under Section 5 (‘‘Institution’s Self-Assessment’’) of the reporting 1 12 U.S.C. 5452. U.S.C. 552(b)(4). 3 5 U.S.C. 552. 25 VerDate Sep<11>2014 20:25 Jun 26, 2020 Jkt 250001 template and asks for a more detailed description of the institution’s practices during the annual self-assessment period. Additionally, the FR 2100 includes a disclosure provision for respondent institutions. The Board has revised the FR 2100 information collection to account for this disclosure provision. The comment period expired on May 1, 2020. The Board did not receive any comments. The revisions will be implemented as proposed. Board of Governors of the Federal Reserve System, June 23, 2020. Michele Taylor Fennell, Assistant Secretary of the Board. [FR Doc. 2020–13859 Filed 6–26–20; 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 Compensation and Salary Surveys (FR 29a and FR 29b; OMB No. 7100–0290). 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. BoardAGENCY: PO 00000 Frm 00056 Fmt 4703 Sfmt 4703 38895 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: Compensation and Salary Surveys. Agency form number: FR 29a, FR 29b. OMB control number: 7100–0290. Frequency: FR 29a, annually; FR 29b, on occasion. Respondents: Employers considered competitors of the Board. Estimated number of respondents: FR 29a, 35; FR 29b, 10. Estimated average hours per response: FR 29a, 6 hours; FR 29b, 1 hour. Estimated annual burden hours: FR 29a, 210 hours; FR 29b, 50 hours. General description of report: The FR 29a and FR 29b collect information on salaries, employee compensation policies, and other employee programs from employers that are considered competitors of the Board. The data from the surveys primarily are used to determine the appropriate salary structure and salary adjustments for Board employees. The Board, along with other Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA) agencies,1 conduct the FR 29a survey jointly. The FR 29b is collected by the Board only. Legal authorization and confidentiality: The FR 29 is authorized by sections 10(4) and 11(1) of the Federal Reserve Act,2 which authorizes the Board to determine employees’ compensation. Survey submissions are voluntary. The FR 29a survey is conducted by an outside consultant that only submits to the Board a report of aggregate data. Because the Board does not collect or have access to the individual respondent data, no confidentiality issue arises with respect to the individual responses to the FR 29a. Individual responses to the FR 29b may be kept confidential on a case-bycase basis. The Board will consider whether information collected through these surveys may be kept confidential 1 For purposes of this proposal, the FIRREA agencies consist of the Federal Reserve Board, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Commodity Futures Trading Commission, the Farm Credit Administration, and the Securities and Exchange Commission. 2 12 U.S.C. 244 and 248(l). E:\FR\FM\29JNN1.SGM 29JNN1 38896 Federal Register / Vol. 85, No. 125 / Monday, June 29, 2020 / Notices under exemption 4 of the Freedom of Information Act (‘‘FOIA’’), which protects privileged or confidential commercial or financial information,3 exemption 6, which protects information ‘‘the disclosure of which would constitute a clearly unwarranted invasion of personal privacy,’’ 4 or any other applicable FOIA exemption. Current actions: On March 13, 2020, the Board published a notice in the Federal Register (85 FR 14679) requesting public comment for 60 days on the extension, without revision, of the Compensation and Salary Surveys. The comment period for this notice expired on May 12, 2020. The Board did not receive any comments. Board of Governors of the Federal Reserve System, June 23, 2020. Michele Taylor Fennell, Assistant Secretary of the Board [FR Doc. 2020–13857 Filed 6–26–20; 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 three years, with revision the Annual Daylight Overdraft Capital Report for U.S. Branches and Agencies of Foreign Banks (FR 2225; OMB No. 7100–0216). DATES: Comments must be submitted on or before August 28, 2020. ADDRESSES: You may submit comments, identified by FR 2225, 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:// jbell on DSKJLSW7X2PROD with NOTICES SUMMARY: 35 U.S.C. 552(b)(4). 4 5 U.S.C. 552(b)(6). VerDate Sep<11>2014 20:25 Jun 26, 2020 Jkt 250001 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 the reporting form and instructions, supporting statement, and other documentation will be placed into OMB’s public docket files, if approved. These documents will also be made available on the Board’s public website at https://www.federalreserve.gov/apps/ reportforms/review.aspx or may be requested from the agency clearance officer, whose name appears below. Federal Reserve Board Clearance Officer—Nuha Elmaghrabi—Office of the Chief Data Officer, Board of Governors of the Federal Reserve System, Washington, DC 20551, (202) 452–3829. 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 PO 00000 Frm 00057 Fmt 4703 Sfmt 4703 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: Annual Daylight Overdraft Capital Report for U.S. Branches and Agencies of Foreign Banks. Agency form number: FR 2225. OMB control number: 7100–0216. Frequency: Annually. Respondents: Foreign banking organizations (FBOs). Estimated number of respondents: 51. Estimated average hours per response: 1. Estimated annual burden hours: 51. General description of report: The FR 2225 is required for FBOs that wish to and are eligible to establish a non-zero net debit cap for their U.S. branches and agencies under the Federal Reserve Policy on Payment System Risk (PSR policy). The FR 2225 reporting form collects information needed to identify the respondent and its fiscal year-end, and collects four items to determine its year-end capital and assets for purposes of daylight overdraft monitoring. The four items, converted into U.S. dollars collected for the capital and assets determination are: Worldwide capital for the reporting FBO (item 1); an adjustment to avoid double counting of capital used by any direct or indirect subsidiary of the FBO that also has access to Fedwire and has its own net debit cap (item 2); the FBO’s total E:\FR\FM\29JNN1.SGM 29JNN1

Agencies

[Federal Register Volume 85, Number 125 (Monday, June 29, 2020)]
[Notices]
[Pages 38895-38896]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-13857]


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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 
Compensation and Salary Surveys (FR 29a and FR 29b; OMB No. 7100-0290).

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 Years, Without Revision, of the Following Information Collection:
    Report title: Compensation and Salary Surveys.
    Agency form number: FR 29a, FR 29b.
    OMB control number: 7100-0290.
    Frequency: FR 29a, annually; FR 29b, on occasion.
    Respondents: Employers considered competitors of the Board.
    Estimated number of respondents: FR 29a, 35; FR 29b, 10.
    Estimated average hours per response: FR 29a, 6 hours; FR 29b, 1 
hour.
    Estimated annual burden hours: FR 29a, 210 hours; FR 29b, 50 hours.
    General description of report: The FR 29a and FR 29b collect 
information on salaries, employee compensation policies, and other 
employee programs from employers that are considered competitors of the 
Board. The data from the surveys primarily are used to determine the 
appropriate salary structure and salary adjustments for Board 
employees. The Board, along with other Financial Institutions Reform, 
Recovery and Enforcement Act of 1989 (FIRREA) agencies,\1\ conduct the 
FR 29a survey jointly. The FR 29b is collected by the Board only.
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    \1\ For purposes of this proposal, the FIRREA agencies consist 
of the Federal Reserve Board, the Office of the Comptroller of the 
Currency, the Federal Deposit Insurance Corporation, the National 
Credit Union Administration, the Commodity Futures Trading 
Commission, the Farm Credit Administration, and the Securities and 
Exchange Commission.
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    Legal authorization and confidentiality: The FR 29 is authorized by 
sections 10(4) and 11(1) of the Federal Reserve Act,\2\ which 
authorizes the Board to determine employees' compensation. Survey 
submissions are voluntary. The FR 29a survey is conducted by an outside 
consultant that only submits to the Board a report of aggregate data. 
Because the Board does not collect or have access to the individual 
respondent data, no confidentiality issue arises with respect to the 
individual responses to the FR 29a. Individual responses to the FR 29b 
may be kept confidential on a case-by-case basis. The Board will 
consider whether information collected through these surveys may be 
kept confidential

[[Page 38896]]

under exemption 4 of the Freedom of Information Act (``FOIA''), which 
protects privileged or confidential commercial or financial 
information,\3\ exemption 6, which protects information ``the 
disclosure of which would constitute a clearly unwarranted invasion of 
personal privacy,'' \4\ or any other applicable FOIA exemption.
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    \2\ 12 U.S.C. 244 and 248(l).
    \3\ 5 U.S.C. 552(b)(4).
    \4\ 5 U.S.C. 552(b)(6).
---------------------------------------------------------------------------

    Current actions: On March 13, 2020, the Board published a notice in 
the Federal Register (85 FR 14679) requesting public comment for 60 
days on the extension, without revision, of the Compensation and Salary 
Surveys. The comment period for this notice expired on May 12, 2020. 
The Board did not receive any comments.

    Board of Governors of the Federal Reserve System, June 23, 2020.
Michele Taylor Fennell,
Assistant Secretary of the Board
[FR Doc. 2020-13857 Filed 6-26-20; 8:45 am]
BILLING CODE 6210-01-P