Proposed Agency Information Collection Activities; Comment Request, 8014-8015 [2021-02204]
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Federal Register / Vol. 86, No. 21 / Wednesday, February 3, 2021 / Notices
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
Quarterly Report of Assets and
Liabilities of Large Foreign Offices of
U.S. Banks (FR 2502q; OMB No. 7100–
0079).
DATES: Comments must be submitted on
or before April 5, 2021.
ADDRESSES: You may submit comments,
identified by FR 2502q, 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,
jbell on DSKJLSW7X2PROD with NOTICES
SUMMARY:
VerDate Sep<11>2014
17:21 Feb 02, 2021
Jkt 253001
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.
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.
A copy of the Paperwork Reduction
Act (PRA) OMB submission, including
the reporting form and instructions,
supporting statement, and other
documentation will be available at
https://www.reginfo.gov/public/do/
PRAMain, 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 above.
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
PO 00000
Frm 00026
Fmt 4703
Sfmt 4703
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,
Without Revision, the Following
Information Collection
Report title: Quarterly Report of
Assets and Liabilities of Large Foreign
Offices of U.S. Banks.
Agency form number: FR 2502q.
OMB control number: 7100–0079.
Frequency: Quarterly.
Respondents: U.S. commercial banks,
bank holding companies (including
financial holding companies), and Edge
Act and agreement corporations.
Estimated number of respondents: 23.
Estimated average hours per response:
1.
Estimated annual burden hours: 92.
General description of report: U.S.
commercial banks, bank holding
companies, and Edge Act and agreement
corporations are required to file the FR
2502q reporting form, on a quarterly
basis, for their large branches (those that
have assets of $2 billion or more) and
banking subsidiaries (those that have
assets of $2 billion or more and deposits
of $10 million or more) that are located
in the United Kingdom or the
Caribbean. The Board has an interest in
knowing the amounts of the claims and
liabilities of U.S.-chartered banks with
respect to residents of individual
countries.
Legal authorization and
confidentiality: The Board is authorized
to collect the information in FR 2502q
from (1) bank holding companies
pursuant to section 5 of the Bank
Holding Company Act,1 which
authorizes the Board to require a bank
holding company and any subsidiary to
submit reports; (2) Edge Act and
agreement corporations pursuant to
sections 25(4) and 25A(17) of the
Federal Reserve Act (FRA),2 which
authorize the Board to require Edge and
agreement corporations to make reports
to the Board; and (3) depository
institutions pursuant to sections 11(a)(1)
and (2) of the FRA,3 which authorize the
Board to require reports from each
member bank as it may deem necessary
and to require reports of liabilities and
assets from insured depository
institutions to enable the Board to
discharge its responsibility to monitor
and control monetary and credit
aggregates.
The FR 2502q report is mandatory. To
the extent that the information from this
1 12
U.S.C. 1844(c).
U.S.C. 602 and 12 U.S.C. 625.
3 12 U.S.C. 248(a)(1) and (2).
2 12
E:\FR\FM\03FEN1.SGM
03FEN1
Federal Register / Vol. 86, No. 21 / Wednesday, February 3, 2021 / Notices
collection obtained by the Board
constitutes nonpublic commercial or
financial information, which is both
customarily and actually treated as
private by the financial institution, the
financial institution may request
confidential treatment pursuant to
exemption 4 of the Freedom of
Information Act.4
Board of Governors of the Federal Reserve
System, January 28, 2021.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2021–02204 Filed 2–2–21; 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 Senior
Financial Officer Surveys (FR 2023;
OMB No. 7100–0223).
DATES: Comments must be submitted on
or before April 5, 2021.
ADDRESSES: You may submit comments,
identified by FR 2023, 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
jbell on DSKJLSW7X2PROD with NOTICES
SUMMARY:
45
U.S.C. 552(b)(4).
VerDate Sep<11>2014
17:21 Feb 02, 2021
Jkt 253001
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.
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.
A copy of the Paperwork Reduction
Act (PRA) OMB submission, including
the reporting form and instructions,
supporting statement, and other
documentation will be available at
https://www.reginfo.gov/public/do/
PRAMain, 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 above.
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
PO 00000
Frm 00027
Fmt 4703
Sfmt 4703
8015
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,
Without Revision, the Following
Information Collection
Report title: Senior Financial Officer
Surveys.
Agency form number: FR 2023.
OMB control number: 7100–0223.
Frequency: Up to four times a year.
Respondents: Domestically chartered
large depository institutions and foreign
banking organizations.
Estimated number of respondents: 80.
Estimated average hours per response:
3.
Estimated annual burden hours: 960.
General description of report: The
Board uses the surveys in this collection
to gather qualitative and limited
quantitative information about liability
management, the provision of financial
services, and the functioning of key
financial markets. Responses are
obtained from a senior officer at each
participating institution, usually
through an electronic submission.
Although a survey may not be collected
in a given year, the Board may conduct
up to four surveys per year when
informational needs arise and cannot be
met from existing data sources. The
survey does not have a fixed set of
questions; each survey consists of a
limited number of questions directed at
topics of timely interest.
Legal authorization and
confidentiality: The FR 2023 is
authorized by sections 2A, 12A, and 11
of the Federal Reserve Act (‘‘FRA’’).1
Section 2A of the FRA requires that the
Board and the Federal Open Market
Committee (‘‘FOMC’’) maintain long run
growth of the monetary and credit
aggregates commensurate with the
economy’s long run potential to increase
production, so as to promote effectively
1 31
E:\FR\FM\03FEN1.SGM
U.S.C. 5364(a).
03FEN1
]]>Agencies
[Federal Register Volume 86, Number 21 (Wednesday, February 3, 2021)]
[Notices]
[Pages 8014-8015]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-02204]
[[Page 8014]]
-----------------------------------------------------------------------
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, without
revision, the Quarterly Report of Assets and Liabilities of Large
Foreign Offices of U.S. Banks (FR 2502q; OMB No. 7100-0079).
DATES: Comments must be submitted on or before April 5, 2021.
ADDRESSES: You may submit comments, identified by FR 2502q, 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.
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.
A copy of the Paperwork Reduction Act (PRA) OMB submission,
including the reporting form and instructions, supporting statement,
and other documentation will be available at https://www.reginfo.gov/public/do/PRAMain, 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 above.
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.
Proposal Under OMB Delegated Authority To Extend for Three Years,
Without Revision, the Following Information Collection
Report title: Quarterly Report of Assets and Liabilities of Large
Foreign Offices of U.S. Banks.
Agency form number: FR 2502q.
OMB control number: 7100-0079.
Frequency: Quarterly.
Respondents: U.S. commercial banks, bank holding companies
(including financial holding companies), and Edge Act and agreement
corporations.
Estimated number of respondents: 23.
Estimated average hours per response: 1.
Estimated annual burden hours: 92.
General description of report: U.S. commercial banks, bank holding
companies, and Edge Act and agreement corporations are required to file
the FR 2502q reporting form, on a quarterly basis, for their large
branches (those that have assets of $2 billion or more) and banking
subsidiaries (those that have assets of $2 billion or more and deposits
of $10 million or more) that are located in the United Kingdom or the
Caribbean. The Board has an interest in knowing the amounts of the
claims and liabilities of U.S.-chartered banks with respect to
residents of individual countries.
Legal authorization and confidentiality: The Board is authorized to
collect the information in FR 2502q from (1) bank holding companies
pursuant to section 5 of the Bank Holding Company Act,\1\ which
authorizes the Board to require a bank holding company and any
subsidiary to submit reports; (2) Edge Act and agreement corporations
pursuant to sections 25(4) and 25A(17) of the Federal Reserve Act
(FRA),\2\ which authorize the Board to require Edge and agreement
corporations to make reports to the Board; and (3) depository
institutions pursuant to sections 11(a)(1) and (2) of the FRA,\3\ which
authorize the Board to require reports from each member bank as it may
deem necessary and to require reports of liabilities and assets from
insured depository institutions to enable the Board to discharge its
responsibility to monitor and control monetary and credit aggregates.
---------------------------------------------------------------------------
\1\ 12 U.S.C. 1844(c).
\2\ 12 U.S.C. 602 and 12 U.S.C. 625.
\3\ 12 U.S.C. 248(a)(1) and (2).
---------------------------------------------------------------------------
The FR 2502q report is mandatory. To the extent that the
information from this
[[Page 8015]]
collection obtained by the Board constitutes nonpublic commercial or
financial information, which is both customarily and actually treated
as private by the financial institution, the financial institution may
request confidential treatment pursuant to exemption 4 of the Freedom
of Information Act.\4\
---------------------------------------------------------------------------
\4\ 5 U.S.C. 552(b)(4).
Board of Governors of the Federal Reserve System, January 28,
2021.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2021-02204 Filed 2-2-21; 8:45 am]
BILLING CODE 6210-01-P
