Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 38894-38895 [2020-13859]
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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
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SUPPLEMENTARY INFORMATION:
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20:25 Jun 26, 2020
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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
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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]
-----------------------------------------------------------------------
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
