Proposed Agency Information Collection Activities; Comment Request, 58052-58053 [2020-20508]
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Federal Register / Vol. 85, No. 181 / Thursday, September 17, 2020 / Notices
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U.S.C. 5311(a)(1) and 5365).17 In
addition, section 401(g) of EGRRCPA
(12 U.S.C. 5365 note) provides that the
Board has the authority to establish
enhanced prudential standards for
foreign banking organizations with total
consolidated assets of $100 billion or
more, and clarifies that nothing in
section 401 ‘‘shall be construed to affect
the legal effect of the final rule of the
Board . . . entitled ‘Enhanced
Prudential Standard for [BHCs] and
Foreign Banking Organizations’ (79 FR
17240 (March 27, 2014)), as applied to
foreign banking organizations with total
consolidated assets equal to or greater
than $100 million.’’ 18 The FR Y–14A/
Q/M reports are mandatory. The
information collected in the FR Y–14A/
Q/M reports is collected as part of the
Board’s supervisory process, and
therefore, such information is afforded
confidential treatment pursuant to
exemption 8 of the Freedom of
Information Act (FOIA) (5 U.S.C.
552(b)(8)). In addition, confidential
commercial or financial information,
which a submitter actually and
customarily treats as private, and which
has been provided pursuant to an
express assurance of confidentiality by
the Board, is considered exempt from
disclosure under exemption 4 of the
FOIA (5 U.S.C. 552(b)(4)).19
17 Section 165(b)(2) of the Dodd-Frank Act (12
U.S.C. 5365(b)(2)) refers to ‘‘foreign-based bank
holding company.’’ Section 102(a)(1) of the DoddFrank Act (12 U.S.C. 5311(a)(1)) defines ‘‘bank
holding company’’ for purposes of Title I of the
Dodd-Frank Act to include foreign banking
organizations that are treated as bank holding
companies under section 8(a) of the International
Banking Act of 1978 (12 U.S.C. 3106(a)). The Board
has required, pursuant to section 165(b)(1)(B)(iv) of
the Dodd-Frank Act (12 U.S.C. 5365(b)(1)(B)(iv))
certain foreign banking organizations subject to
section 165 of the Dodd-Frank Act to form U.S.
intermediate holding companies. Accordingly, the
parent foreign-based organization of a U.S. IHC is
treated as a BHC for purposes of the BHC Act and
section 165 of the Dodd-Frank Act. Because Section
5(c) of the BHC Act authorizes the Board to require
reports from subsidiaries of BHCs, section 5(c)
provides additional authority to require U.S. IHCs
to report the information contained in the FR Y–
14A/Q/M reports.
18 The Board’s Final Rule referenced in section
401(g) of EGRRCPA specifically stated that the
Board would require IHCs to file the FR Y–14A/Q/
M reports. See 79 FR 17240, 17304 (March 27,
2014).
19 Please note that the Board publishes a summary
of the results of the Board’s CCAR testing pursuant
to 12 CFR 225.8(f)(2)(v), and publishes a summary
of the results of the Board’s DFAST stress testing
pursuant to 12 CFR 252.46(b) and 12 CFR 238.134,
which includes aggregate data. In addition, under
the Board’s regulations, covered companies must
also publicly disclose a summary of the results of
the Board’s DFAST stress testing. See 12 CFR
252.58; 12 CFR 238.146. The public disclosure
requirement contained in 12 CFR 252.58 for
covered BHCs and covered IHCs is separately
accounted for by the Board in the Paperwork
Reduction Act clearance for FR YY (OMB No. 7100–
0350) and the public disclosure requirement for
VerDate Sep<11>2014
17:37 Sep 16, 2020
Jkt 250001
Consultation outside the agency:
There has been no consultation outside
the agency.
Board of Governors of the Federal Reserve
System, September 14, 2020.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2020–20547 Filed 9–16–20; 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
Notifications Related to Community
Development and Public Welfare
Investments of State Member Banks (FR
H–6; OMB No. 7100–0278).
DATES: Comments must be submitted on
or before November 16, 2020.
ADDRESSES: You may submit comments,
identified by FR H–6, 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
SUMMARY:
covered SLHCs is separately accounted for in by the
Board in the Paperwork Reduction Act clearance for
FR LL (OMB No. 7100–0380).
PO 00000
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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
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;
E:\FR\FM\17SEN1.SGM
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jbell on DSKJLSW7X2PROD with NOTICES
Federal Register / Vol. 85, No. 181 / Thursday, September 17, 2020 / Notices
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: Notifications Related to
Community Development and Public
Welfare Investments of State Member
Banks.
Agency form number: FR H–6.
OMB control number: 7100–0278.
Frequency: Event-generated.
Respondents: State member banks.
Estimated number of respondents:
Post Notification, 132; and Application
(Prior Approval), 74.
Estimated average hours per response:
Post Notification, 2; and Application
(Prior Approval), 5.
Estimated annual burden hours: Post
Notification, 264; and Application (Prior
Approval), 370.
General description of report:
Regulation H requires state member
banks planning to make community
development or public welfare
investments to comply with the
Regulation H notification requirements:
(1) If the investment does not require
prior Board approval, a written notice
must be sent to the appropriate Federal
Reserve Bank; and (2) if the investment
does require prior Board approval, a
request for approval must be sent to the
appropriate Federal Reserve Bank.
Proposed revisions: The Board
proposes to revise the FR H–6 by
removing the notification requirement
to submit the request for extension of
the divestiture period when the bank
cannot divest within the established
time limit. This requirement has been
listed on the form and in the supporting
statement for a number of years, but is
not contained in the regulations.
Legal authorization and
confidentiality: Section 9(23) of the
Federal Reserve Act authorizes the
Board to prescribe regulations with
regard to state member banks making
investments primarily devoted to public
VerDate Sep<11>2014
17:37 Sep 16, 2020
Jkt 250001
welfare endeavors.1 The obligation to
respond is mandatory.
Individual respondents may request
that information submitted to the Board
through the FR H–6 be kept
confidential. If a respondent requests
confidential treatment, the Board will
determine whether the information is
entitled to confidential treatment on a
case-by-case basis. Information collected
through the FR H–6 may be kept
confidential under exemption 4 for the
Freedom of Information Act (FOIA),
which protects privileged or
confidential commercial or financial
information.2 Additionally, to the extent
the FR H–6 contains information used
in examination reports, it may be
withheld from disclosure under FOIA
Exemption 8, which protects
information ‘‘related to examination,
operating, or condition reports.’’ 3
Board of Governors of the Federal Reserve
System, September 14, 2020.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2020–20508 Filed 9–16–20; 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, without revision, the Board
Public website Usability Surveys (FR
3076; OMB No. 7100–0366).
DATES: Comments must be submitted on
or before November 16, 2020.
ADDRESSES: You may submit comments,
identified by FR 3076, 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
SUMMARY:
1 12 U.S.C. 338a. The Board also has the authority
to require reports from state member banks (12
U.S.C. 248(a) and 324).
2 5 U.S.C. 552(b)(4).
3 5 U.S.C. 552(b)(8).
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58053
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.
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.
FOR FURTHER INFORMATION CONTACT:
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.
SUPPLEMENTARY INFORMATION:
E:\FR\FM\17SEN1.SGM
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]]>Agencies
[Federal Register Volume 85, Number 181 (Thursday, September 17, 2020)]
[Notices]
[Pages 58052-58053]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-20508]
-----------------------------------------------------------------------
FEDERAL RESERVE SYSTEM
Proposed Agency Information Collection Activities; Comment
Request
AGENCY: Board of Governors of the Federal Reserve System.
ACTION: Notice, request for comment.
-----------------------------------------------------------------------
SUMMARY: The Board of Governors of the Federal Reserve System (Board)
invites comment on a proposal to extend for three years, with revision,
the Notifications Related to Community Development and Public Welfare
Investments of State Member Banks (FR H-6; OMB No. 7100-0278).
DATES: Comments must be submitted on or before November 16, 2020.
ADDRESSES: You may submit comments, identified by FR H-6, 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: 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 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;
[[Page 58053]]
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: Notifications Related to Community Development and
Public Welfare Investments of State Member Banks.
Agency form number: FR H-6.
OMB control number: 7100-0278.
Frequency: Event-generated.
Respondents: State member banks.
Estimated number of respondents: Post Notification, 132; and
Application (Prior Approval), 74.
Estimated average hours per response: Post Notification, 2; and
Application (Prior Approval), 5.
Estimated annual burden hours: Post Notification, 264; and
Application (Prior Approval), 370.
General description of report: Regulation H requires state member
banks planning to make community development or public welfare
investments to comply with the Regulation H notification requirements:
(1) If the investment does not require prior Board approval, a written
notice must be sent to the appropriate Federal Reserve Bank; and (2) if
the investment does require prior Board approval, a request for
approval must be sent to the appropriate Federal Reserve Bank.
Proposed revisions: The Board proposes to revise the FR H-6 by
removing the notification requirement to submit the request for
extension of the divestiture period when the bank cannot divest within
the established time limit. This requirement has been listed on the
form and in the supporting statement for a number of years, but is not
contained in the regulations.
Legal authorization and confidentiality: Section 9(23) of the
Federal Reserve Act authorizes the Board to prescribe regulations with
regard to state member banks making investments primarily devoted to
public welfare endeavors.\1\ The obligation to respond is mandatory.
---------------------------------------------------------------------------
\1\ 12 U.S.C. 338a. The Board also has the authority to require
reports from state member banks (12 U.S.C. 248(a) and 324).
---------------------------------------------------------------------------
Individual respondents may request that information submitted to
the Board through the FR H-6 be kept confidential. If a respondent
requests confidential treatment, the Board will determine whether the
information is entitled to confidential treatment on a case-by-case
basis. Information collected through the FR H-6 may be kept
confidential under exemption 4 for the Freedom of Information Act
(FOIA), which protects privileged or confidential commercial or
financial information.\2\ Additionally, to the extent the FR H-6
contains information used in examination reports, it may be withheld
from disclosure under FOIA Exemption 8, which protects information
``related to examination, operating, or condition reports.'' \3\
---------------------------------------------------------------------------
\2\ 5 U.S.C. 552(b)(4).
\3\ 5 U.S.C. 552(b)(8).
Board of Governors of the Federal Reserve System, September 14,
2020.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2020-20508 Filed 9-16-20; 8:45 am]
BILLING CODE 6210-01-P
