Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 38894-38895 [2020-13859]

Download as PDF 38894 Federal Register / Vol. 85, No. 125 / Monday, June 29, 2020 / Notices 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 Implementation of the Following Information Collection: Report title: Pre-Hire Conflict of Interest Screening Form. Agency form number: FR 28c. OMB control number: 7100–NEW. Frequency: As needed. Respondents: Individuals who have been selected for an interview during the hiring process. Estimated number of respondents: 2,300. Estimated average hours per response: 0.5. Estimated annual burden hours: 1,150. General description of report: The FR 28c form will collect information from external applicants applying to the Board regarding certain financial interests and business relationships held by the applicant and by his/her immediate family members, as well as the external applicant’s involvement with certain outside organizations, to determine whether a conflict of interest may exist, which could impact the applicant’s ability to fulfill the responsibilities associated with the position for which they have applied. Legal authorization and confidentiality: The collection of this information is authorized by section 10 of the Federal Reserve Act, 12 U.S.C. 244, which provides that the ‘‘employment, compensation, leave, and expenses’’ of Board employees ‘‘shall be governed solely by the provisions of this chapter and rules and regulations of the Board not inconsistent therewith.’’ In addition, pursuant to regulations promulgated by the Office of Government Ethics (OGE) pursuant to 5 U.S.C. 7301, each executive agency’s designated ethics officer is required to provide ‘‘advice and counseling to prospective . . . employees regarding government ethics laws and regulations’’ and to ‘‘maintain records of agency ethics program activities’’ (5 CFR 2638.104(c)(2) and (4)). Providing the information collected on the FR 28c form is required in order jbell on DSKJLSW7X2PROD with NOTICES SUPPLEMENTARY INFORMATION: VerDate Sep<11>2014 20:25 Jun 26, 2020 Jkt 250001 to obtain the benefit of Board employment. Generally, information provided on the FR 28c form may be kept confidential from the public under exemption 6 of the Freedom of Information Act (FOIA), which protects information in ‘‘personnel and medical files and similar files the disclosure of which would constitute a clearly unwarranted invasion of personal privacy’’ (5 U.S.C. 552(b)(6)). In addition, financial information collected on the form (such as confidential details about the amount of shares an applicant, their spouse, or minor child owns in a bank) may be withheld under exemption 4 of the FOIA, which protects ‘‘financial information obtained from a person [that is] privileged and confidential’’ (5 U.S.C. 552(b)(4)). Current actions: On January 16, 2020, the Board published a notice in the Federal Register (85 FR 2741) requesting public comment for 60 days on the implementation of the FR 28c. The comment period for this notice expired on March 16, 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. 2020–13858 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, with revision, the Joint Standards for Assessing the Diversity Policies and Practices of Entities Regulated by the Agencies (FR 2100; OMB No. 7100– 0368). The revisions are effective immediately. AGENCY: 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, PO 00000 Frm 00055 Fmt 4703 Sfmt 4703 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, With Revision, of 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. Effective Date: Immediately. 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 E:\FR\FM\29JNN1.SGM 29JNN1 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

Agencies

[Federal Register Volume 85, Number 125 (Monday, June 29, 2020)]
[Notices]
[Pages 38894-38895]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-13859]


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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 
Joint Standards for Assessing the Diversity Policies and Practices of 
Entities Regulated by the Agencies (FR 2100; OMB No. 7100-0368). The 
revisions are effective 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 Years, With Revision, of 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.
    Effective Date: Immediately.
    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

[[Page 38895]]

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.
---------------------------------------------------------------------------

    \1\ 12 U.S.C. 5452.
---------------------------------------------------------------------------

    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.
---------------------------------------------------------------------------

    \2\ 5 U.S.C. 552(b)(4).
    \3\ 5 U.S.C. 552.
---------------------------------------------------------------------------

    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 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