Proposed Agency Information Collection Activities; Comment Request, 13382-13384 [2021-04664]
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Federal Register / Vol. 86, No. 43 / Monday, March 8, 2021 / Notices
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.
jbell on DSKJLSW7X2PROD with NOTICES
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,
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19:05 Mar 05, 2021
Jkt 253001
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: Application for a Foreign
Organization to Acquire a U.S. Bank or
Bank Holding Company.
Agency form number: FR Y–3F.
OMB Control Number: 7100–0119.
Frequency: On occasion.
Respondents: Any company organized
under the laws of a foreign country that
seeks to acquire a U.S. bank or bank
holding company.
Estimated number of respondents: 6.
Estimated average hours per response:
Reporting: Initial application: 90;
Subsequent application: 70; Disclosure:
1.
Estimated annual burden hours:
Reporting: Initial application: 90;
Subsequent application: 350;
Disclosure: 6.
General description of report: Under
the Bank Holding Company Act (BHC
Act), any company, including a
company organized under the laws of a
foreign country, that seeks to acquire a
U.S. bank or bank holding company
must receive prior approval from the
Board to do so. The Federal Reserve
uses the information collected by the FR
Y–3F to determine whether to approve
the application and, subsequently, to
carry out its supervisory responsibilities
with respect to the foreign banking
organization’s operations in the United
States.
Legal authorization and
confidentiality: Section 3(a) of the BHC
Act 1 requires prior approval by the
Board for any company, including a
foreign company, to acquire a U.S. bank
or bank holding company, and section
3(c) of the BHC Act 2 sets forth the
factors that the Board must consider in
approving such an application. Sections
5(a) through 5(c) of the BHC Act 3
authorize the Board to require the
registration of bank holding companies,
issue regulations and orders to carry out
its supervisory responsibilities
thereunder, and examine and require
U.S.C. 1842(a).
U.S.C. 1842(c).
3 12 U.S.C. 1844(a)–(c).
reports to be submitted by bank holding
companies, respectively. Together, these
sections of the BHC Act provide the
legal authorization for the FR Y–3F. The
FR Y–3F is required to obtain a benefit.
To the extent a respondent submits
nonpublic commercial or financial
information in connection with the FR
Y–3F, which is both customarily and
actually treated as private by the
respondent, the respondent may request
confidential treatment pursuant to
exemption 4 of the Freedom of
Information Act (FOIA).4 To the extent
a respondent submits personal, medical,
or similar files, the disclosure of which
would constitute an unwarranted
invasion of privacy, the respondent may
request confidential treatment pursuant
to exemption 6 of the FOIA.5 If a
respondent requests confidential
treatment, the Board will determine
whether the information is entitled to
confidential treatment on a case-by-case
basis. The entity should separately
designate any such information as
‘‘confidential commercial information’’
or ‘‘confidential financial information’’
and the Board will treat such designated
information as confidential to the extent
permitted by law, including the FOIA.
To the extent a respondent submits
information related to examination,
operating, or condition reports prepared
by, on behalf of, or for the use of a
financial supervisory agency, the
information may be treated as
confidential pursuant to exemption 8 of
the FOIA.6
Board of Governors of the Federal Reserve
System, March 1, 2021.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2021–04663 Filed 3–5–21; 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
International Applications and Prior
Notifications under Subpart B of
Regulation K (FR K–2; OMB No. 7100–
0284).
SUMMARY:
1 12
45
2 12
55
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Fmt 4703
U.S.C. 552(b)(4).
U.S.C. 552(b)(6).
6 5 U.S.C. 552(b)(8).
Sfmt 4703
E:\FR\FM\08MRN1.SGM
08MRN1
Federal Register / Vol. 86, No. 43 / Monday, March 8, 2021 / Notices
Comments must be submitted on
or before May 7, 2021.
ADDRESSES: You may submit comments,
identified by FR K–2, 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,
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
jbell on DSKJLSW7X2PROD with NOTICES
DATES:
VerDate Sep<11>2014
19:05 Mar 05, 2021
Jkt 253001
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: The International
Applications and Prior Notifications
under Subpart B of Regulation K.
Agency form number: FR K–2.
OMB control number: 7100–0284.
Frequency: On occasion.
Respondents: Foreign banks.
Estimated number of respondents: 13.
Estimated average hours per response:
Reporting: 35; Disclosure: 1.
Estimated annual burden hours:
Reporting: 455; Disclosure: 13.
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Frm 00105
Fmt 4703
Sfmt 4703
13383
General description of report: Under
the International Banking Act of 1978
(IBA), foreign banks are required to
obtain the prior approval of the Board
to establish a branch, agency, or
representative office in the United
States; to establish or acquire ownership
or control of a commercial lending
company in the United States; or to
change the status of an agency or
limited branch to a branch in the United
States. The Board uses the information
from the FR K–2 in connection with
these applications and to supervise
foreign banks with offices 1 in the
United States.
Legal authorization and
confidentiality: The FR K–2 is
authorized pursuant to sections 7, 10,
and 13 of the International Banking
Act.2 The applications and notifications
comprising FR K–2 are required to
obtain a benefit.
The Board does not routinely publicly
release information collected through
the FR K–2. To the extent a respondent
submits nonpublic commercial or
financial information in connection
with the FR K–2, which is both
customarily and actually treated as
private by the respondent, the
respondent may request confidential
treatment pursuant to exemption 4 of
the Freedom of Information Act
(FOIA).3 To the extent a respondent
submits personal, medical, or similar
files, the disclosure of which would
constitute an unwarranted invasion of
privacy, the respondent may request
confidential treatment pursuant to
exemption 6 of the FOIA.4 If a
respondent requests confidential
treatment, the Board will determine
whether the information is entitled to
confidential treatment on a case-by-case
basis. The entity should separately
designate any such information as
‘‘confidential commercial information’’
or ‘‘confidential financial information’’
and the Board will treat such designated
information as confidential to the extent
permitted by law, including the FOIA.
To the extent a respondent submits
information related to examination,
operating, or condition reports prepared
by, on behalf of, or for the use of a
financial supervisory agency, the
information may be treated as
confidential pursuant to exemption 8 of
the FOIA.5
1 The term ‘‘office’’ means any branch, agency, or
representative office, or a commercial lending
company subsidiary.
2 12 U.S.C. 3105, 3107, and 3108.
3 5 U.S.C. 552(b)(4).
4 5 U.S.C. 552(b)(6).
5 5 U.S.C. 552(b)(8).
E:\FR\FM\08MRN1.SGM
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13384
Federal Register / Vol. 86, No. 43 / Monday, March 8, 2021 / Notices
Board of Governors of the Federal Reserve
System, March 1, 2021.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
Final Approval Under OMB Delegated
Authority of the Extension for Three
Years, Without Revision, of the
Following Information Collection
[FR Doc. 2021–04664 Filed 3–5–21; 8:45 am]
Report title: Recordkeeping and
Disclosure Requirements Associated
with Regulation O.
Agency form number: FR O.
OMB control number: 7100–0382.
Frequency: As needed.
Respondents: Member banks.
Estimated number of respondents:
Recordkeeping: 1,570; disclosure: 1,570.
Estimated average hours per response:
Recordkeeping: 4; disclosure; 2.
Estimated annual burden hours:
Recordkeeping: 6,280; disclosure: 3,140.
General description of report: The
Board’s Regulation O—Loans to
Executive Officers, Directors, and
Principal Shareholders of Member
Banks (12 CFR part 215) governs any
extension of credit made by a member
bank to an executive officer, director, or
principal shareholder of the member
bank, of any company of which the
member bank is a subsidiary, and of any
other subsidiary of that company. It
prohibits such extensions of credit
unless they are made on substantially
the same terms (including interest rates
and collateral) as those prevailing at the
time for comparable transactions by the
bank with other persons who are not
employed by the bank and do not
involve more than the normal risk of
repayment or present other unfavorable
features. Sections 215.8 and 215.9 of
Regulation O contain recordkeeping and
disclosure requirements on member
banks.
Pursuant to section 215.8 of
Regulation O, respondents must
maintain records necessary for
compliance with the requirements of
Regulation O. Any recordkeeping
method adopted by a respondent shall
identify, through an annual survey, all
insiders of the respondent and maintain
records of all extensions of credit to
insiders of the respondent, including
the amount and terms of each such
extension of credit. Additionally, any
recordkeeping method adopted by a
respondent shall maintain records of
extensions of credit to insiders of the
respondent’s affiliates by using either
the survey method or borrower inquiry
method, as set forth in Regulation O, or
a different recordkeeping method if the
appropriate federal banking agency
determines that the respondent’s
method is at least as effective as the
listed methods.
Pursuant to section 215.9 of
Regulation O, upon receipt of a written
request from the public, a respondent
must make available the names of each
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
Recordkeeping and Disclosure
Requirements Associated with
Regulation O (FR O; OMB No. 7100–
0382). FR O received a temporary sixmonth clearance on November 10, 2020.
This action is to extend that clearance
for three years.
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. 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.
jbell on DSKJLSW7X2PROD with NOTICES
AGENCY:
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of its executive officers and each of its
principal shareholders to whom, or to
whose related interests, the member
bank had outstanding as of the end of
the latest previous quarter of the year,
an extension of credit that, when
aggregated with all other outstanding
extensions of credit at such time from
the member bank to such person and to
all related interests of such person,
equaled or exceeded 5 percent of the
member bank’s capital and unimpaired
surplus or $500,000, whichever amount
is less. Respondents are not required to
disclose the specific amounts of
individual extensions of credit.
Additionally, each respondent must
maintain records of all requests for the
information described above and the
disposition of such requests. These
records may be disposed of after two
years from the date of the request.
Legal authorization and
confidentiality: The FR O is authorized
by section 7 of the Federal Deposit
Insurance Act (section 7) 1 and section
22(6) of the Federal Reserve Act (section
22(h)).2 Section 7 authorizes the Board
to require state member banks to report
and publicly disclose information
concerning extensions of credit by the
state member bank to its executive
officers, principal shareholders, or
related interests of those persons.
Section 22(h) authorizes the Board to
prescribe rules related to extensions of
credit to executive officers, directors,
and principal shareholders.3
The obligation to respond is
mandatory. The information disclosed
under the disclosure requirements of
Regulation O is not confidential. The
information that is subject to the
recordkeeping requirements of
Regulation O would be maintained at
each state member bank. For this
information, the Freedom of Information
Act (‘‘FOIA’’) would only be implicated
if the Board obtained such records as
part of the examination or supervision
of a banking organization. In the event
the records are obtained by the Board as
part of an examination or supervision of
a financial institution, this information
may be considered confidential
pursuant to exemption 8 of the FOIA,
which protects information contained in
‘‘examination, operating, or condition
reports’’ obtained in the bank
supervisory process.4 In addition, in
these cases, the information may also be
12 U.S.C. 1817(k).
12 U.S.C. 375b. The Board also has the authority
to require reports from state member banks (12
U.S.C. 248(a) and 324).
3 Section 306(o) of the Federal Deposit Insurance
Corporation Improvement Act of 1991 contains a
similar authorization.
4 5 U.S.C. 552(b)(8).
1
2
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]]>Agencies
[Federal Register Volume 86, Number 43 (Monday, March 8, 2021)]
[Notices]
[Pages 13382-13384]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-04664]
-----------------------------------------------------------------------
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 International Applications and Prior Notifications under
Subpart B of Regulation K (FR K-2; OMB No. 7100-0284).
[[Page 13383]]
DATES: Comments must be submitted on or before May 7, 2021.
ADDRESSES: You may submit comments, identified by FR K-2, 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: The International Applications and Prior
Notifications under Subpart B of Regulation K.
Agency form number: FR K-2.
OMB control number: 7100-0284.
Frequency: On occasion.
Respondents: Foreign banks.
Estimated number of respondents: 13.
Estimated average hours per response: Reporting: 35; Disclosure: 1.
Estimated annual burden hours: Reporting: 455; Disclosure: 13.
General description of report: Under the International Banking Act
of 1978 (IBA), foreign banks are required to obtain the prior approval
of the Board to establish a branch, agency, or representative office in
the United States; to establish or acquire ownership or control of a
commercial lending company in the United States; or to change the
status of an agency or limited branch to a branch in the United States.
The Board uses the information from the FR K-2 in connection with these
applications and to supervise foreign banks with offices \1\ in the
United States.
---------------------------------------------------------------------------
\1\ The term ``office'' means any branch, agency, or
representative office, or a commercial lending company subsidiary.
---------------------------------------------------------------------------
Legal authorization and confidentiality: The FR K-2 is authorized
pursuant to sections 7, 10, and 13 of the International Banking Act.\2\
The applications and notifications comprising FR K-2 are required to
obtain a benefit.
---------------------------------------------------------------------------
\2\ 12 U.S.C. 3105, 3107, and 3108.
---------------------------------------------------------------------------
The Board does not routinely publicly release information collected
through the FR K-2. To the extent a respondent submits nonpublic
commercial or financial information in connection with the FR K-2,
which is both customarily and actually treated as private by the
respondent, the respondent may request confidential treatment pursuant
to exemption 4 of the Freedom of Information Act (FOIA).\3\ To the
extent a respondent submits personal, medical, or similar files, the
disclosure of which would constitute an unwarranted invasion of
privacy, the respondent may request confidential treatment pursuant to
exemption 6 of the FOIA.\4\ If a respondent requests confidential
treatment, the Board will determine whether the information is entitled
to confidential treatment on a case-by-case basis. The entity should
separately designate any such information as ``confidential commercial
information'' or ``confidential financial information'' and the Board
will treat such designated information as confidential to the extent
permitted by law, including the FOIA. To the extent a respondent
submits information related to examination, operating, or condition
reports prepared by, on behalf of, or for the use of a financial
supervisory agency, the information may be treated as confidential
pursuant to exemption 8 of the FOIA.\5\
---------------------------------------------------------------------------
\3\ 5 U.S.C. 552(b)(4).
\4\ 5 U.S.C. 552(b)(6).
\5\ 5 U.S.C. 552(b)(8).
[[Page 13384]]
---------------------------------------------------------------------------
Board of Governors of the Federal Reserve System, March 1, 2021.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2021-04664 Filed 3-5-21; 8:45 am]
BILLING CODE 6210-01-P
