Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 16364-16365 [2021-06380]

Download as PDF 16364 Federal Register / Vol. 86, No. 58 / Monday, March 29, 2021 / Notices 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 Reporting, Recordkeeping, and Disclosure Requirements Associated with Rules Regarding Availability of Information (FR 4035; OMB No. 7100–0381). 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. SUPPLEMENTARY INFORMATION: On June 15, 1984, OMB delegated to the Board authority under the Paperwork Reduction Act (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. The OMB inventory, as well as copies of the PRA Submission, supporting statements, and approved collection of information instrument(s) are available at https:// www.reginfo.gov/public/do/PRAMain. These documents are also 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. AGENCY: Final Approval Under OMB Delegated Authority of the Extension for Three Years, Without Revision, of the Following Information Collections Collection title: Reporting, Recordkeeping, and Disclosure Requirements Associated with Rules Regarding Availability of Information. Agency form number: FR 4035. OMB control number: 7100–0381. Frequency: As needed. Respondents: The FR 4035 respondent panel comprises supervised VerDate Sep<11>2014 17:20 Mar 26, 2021 Jkt 253001 financial institutions (12 CFR 261.21(b)(4)), state, local, and foreign agencies and entities exercising governmental authority (12 CFR 261.22(c)), and any person, entity, agency or authority (12 CFR 261.23(b), 261.23(c), 261.24(a)). Estimated number of respondents: Reporting Section 261.22(c)—20. Section 261.23(b)—15. Section 261.23(c)—30. Section 261.24(a)(1)—3. Recordkeeping Section 262.21(b)(4)—60. Disclosure Section 261.24(a)(2)—3. Section 261.24(a)(3)—3. Estimated average hours per response: Reporting Section 261.22(c)—0.5. Section 261.23(b)—1. Section 261.23(c)—1. Section 261.24(a)(1)—1. Recordkeeping Section 262.21(b)(4)—0.25. Disclosure Section 261.24(a)(2)—1. Section 261.24(a)(3)—1. Estimated annual burden hours: Reporting Section 261.22(c)—20. Section 261.23(b)—15. Section 261.23(c)—30. Section 261.24(a)(1)—3. Recordkeeping Section 262.21(b)(4)—60. Disclosure Section 261.24(a)(2)—3. Section 261.24(a)(3)—3. General description of collection: The information collection consists of reporting, recordkeeping, and disclosure requirements under subpart C (Nonpublic Information Made Available to Supervised Financial Institutions, Governmental Agencies, and Others in Certain Circumstances) of the Rules Regarding Availability of Information (12 CFR part 261). Subpart C contains reporting requirements that enable third parties to request the Board’s authorization to access, use, or further disclose confidential supervisory information or other nonpublic information of the Board, and that ensure that the Board is notified when any subpoena or other legally enforceable demand requires production of confidential supervisory information or other nonpublic information of the Board in the form of documents or testimony. Subpart C also contains one recordkeeping requirement related to a provision that allows supervised financial institutions to disclose confidential supervisory information to PO 00000 Frm 00045 Fmt 4703 Sfmt 4703 service providers if the disclosure is deemed necessary to the service provider’s provision of services, and two disclosure requirements that apply when individuals are served with a subpoena, order, or other judicial or administrative process requiring the production of confidential supervisory information or other nonpublic information of the Board in the form of documents or testimony. Legal authorization and confidentiality: The FR 4035 is authorized pursuant to section 9 of the Federal Reserve Act (12 U.S.C. 326), which provides that the Board ‘‘may furnish . . . confidential supervisory information . . . to any other person that the Board determines to be proper.’’ Persons seeking to obtain, use, or disclose confidential supervisory information or other nonpublic information of the Board must comply with the reporting and recordkeeping requirements of the Rules Regarding Availability of Information. Additionally, persons served with a subpoena, order, or other judicial or administrative process requiring the production of confidential supervisory information or other nonpublic information of the Board or requiring the person’s testimony regarding such information in any proceeding must comply with the disclosure requirements of FR 4035. Thus, the FR 4035 is required to obtain a benefit, in part, and mandatory, in part. Any confidential supervisory information that is submitted in connection with the FR 4035 would be considered confidential pursuant to exemption 8 of the Freedom of Information Act (FOIA), which protects information contained in ‘‘examination, operating, or condition reports’’ obtained in the bank supervisory process (5 U.S.C. 552(b)(8)). Individual respondents may request that other information submitted to the Board through the FR 4035 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. To the extent a respondent submits privileged or confidential commercial or financial information in connection with the FR 4035, the respondent may request confidential treatment pursuant to exemption 4 of the FOIA (5 U.S.C. 552(b)(4)). Current actions: On September 15, 2020, the Board published a notice in the Federal Register (85 FR 57616) requesting public comment for 60 days on the extension for three years, without revision, of the Reporting, E:\FR\FM\29MRN1.SGM 29MRN1 Federal Register / Vol. 86, No. 58 / Monday, March 29, 2021 / Notices Recordkeeping, and Disclosure Requirements Associated with Rules Regarding Availability of Information. The comment period for this notice expired on November 16, 2020. The Board did not receive any comments. Board of Governors of the Federal Reserve System, March 23, 2021. Michele Taylor Fennell, Deputy Associate Secretary of the Board. [FR Doc. 2021–06380 Filed 3–26–21; 8:45 am] BILLING CODE 6210–01–P FEDERAL RESERVE SYSTEM [FR 2052a; OMB No. 7100–0361] 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 Complex Institution Liquidity Monitoring Report. DATES: Comments must be submitted on or before May 28, 2021. ADDRESSES: You may submit comments, identified by FR 2052a, 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 SUMMARY: VerDate Sep<11>2014 17:20 Mar 26, 2021 Jkt 253001 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; PO 00000 Frm 00046 Fmt 4703 Sfmt 4703 16365 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: Complex Institution Liquidity Monitoring Report. Agency form number: FR 2052a. OMB control number: 7100–0361. Frequency: Monthly, daily. Respondents: Certain U.S. bank holding companies (BHCs), top-tier savings and loan holding companies (SLHCs), U.S. global systemically important BHCs, and foreign banking organizations (FBOs). Estimated number of respondents: Monthly (ongoing): 26, monthly (onetime): 26; daily (ongoing): 15, daily (one-time): 15. Estimated average hours per response: Monthly (ongoing): 121, monthly (onetime): 140; daily (ongoing): 221, daily (one-time): 238. Estimated annual burden hours: Monthly (ongoing): 37,752; monthly (one-time): 3,640; daily (ongoing): 828,750; daily (one-time): 3,570. General description of report: The FR 2052a collects quantitative information on select assets, liabilities, funding activities, and contingent liabilities of certain large banking organizations with $100 billion or more in total consolidated assets supervised by the Board on a consolidated basis. The Board uses this information to monitor the liquidity profile of these banking organizations. Proposed revisions: In April 2020, the Board issued an interim final rule that amended the Board’s Regulation D (12 CFR part 204—Reserve Requirements of Depository Institutions). The Regulation D amendment resulted in an expansion of Regulation D’s definition of transaction accounts to permit the inclusion of accounts that were formerly subject to transfer limit requirements. For purposes of the FR 2052a, the Board proposes to expand the term ‘‘Transactional Accounts’’ to include the E:\FR\FM\29MRN1.SGM 29MRN1

Agencies

[Federal Register Volume 86, Number 58 (Monday, March 29, 2021)]
[Notices]
[Pages 16364-16365]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-06380]



[[Page 16364]]

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FEDERAL RESERVE SYSTEM


Agency Information Collection Activities: Announcement of Board 
Approval Under Delegated Authority and Submission to OMB

AGENCY: Board of Governors of the Federal Reserve System.

SUMMARY: The Board of Governors of the Federal Reserve System (Board) 
is adopting a proposal to extend for three years, without revision, the 
Reporting, Recordkeeping, and Disclosure Requirements Associated with 
Rules Regarding Availability of Information (FR 4035; OMB No. 7100-
0381).

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.

SUPPLEMENTARY INFORMATION: On June 15, 1984, OMB delegated to the Board 
authority under the Paperwork Reduction Act (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. The OMB inventory, as well as copies of the 
PRA Submission, supporting statements, and approved collection of 
information instrument(s) are available at https://www.reginfo.gov/public/do/PRAMain. These documents are also 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.

Final Approval Under OMB Delegated Authority of the Extension for Three 
Years, Without Revision, of the Following Information Collections

    Collection title: Reporting, Recordkeeping, and Disclosure 
Requirements Associated with Rules Regarding Availability of 
Information.
    Agency form number: FR 4035.
    OMB control number: 7100-0381.
    Frequency: As needed.
    Respondents: The FR 4035 respondent panel comprises supervised 
financial institutions (12 CFR 261.21(b)(4)), state, local, and foreign 
agencies and entities exercising governmental authority (12 CFR 
261.22(c)), and any person, entity, agency or authority (12 CFR 
261.23(b), 261.23(c), 261.24(a)).
    Estimated number of respondents:

Reporting
    Section 261.22(c)--20.
    Section 261.23(b)--15.
    Section 261.23(c)--30.
    Section 261.24(a)(1)--3.
Recordkeeping
    Section 262.21(b)(4)--60.
Disclosure
    Section 261.24(a)(2)--3.
    Section 261.24(a)(3)--3.

    Estimated average hours per response:

Reporting
    Section 261.22(c)--0.5.
    Section 261.23(b)--1.
    Section 261.23(c)--1.
    Section 261.24(a)(1)--1.
Recordkeeping
    Section 262.21(b)(4)--0.25.
Disclosure
    Section 261.24(a)(2)--1.

    Section 261.24(a)(3)--1.

    Estimated annual burden hours:

Reporting
    Section 261.22(c)--20.
    Section 261.23(b)--15.
    Section 261.23(c)--30.
    Section 261.24(a)(1)--3.
Recordkeeping
    Section 262.21(b)(4)--60.
Disclosure
    Section 261.24(a)(2)--3.
    Section 261.24(a)(3)--3.

    General description of collection: The information collection 
consists of reporting, recordkeeping, and disclosure requirements under 
subpart C (Nonpublic Information Made Available to Supervised Financial 
Institutions, Governmental Agencies, and Others in Certain 
Circumstances) of the Rules Regarding Availability of Information (12 
CFR part 261). Subpart C contains reporting requirements that enable 
third parties to request the Board's authorization to access, use, or 
further disclose confidential supervisory information or other 
nonpublic information of the Board, and that ensure that the Board is 
notified when any subpoena or other legally enforceable demand requires 
production of confidential supervisory information or other nonpublic 
information of the Board in the form of documents or testimony. Subpart 
C also contains one recordkeeping requirement related to a provision 
that allows supervised financial institutions to disclose confidential 
supervisory information to service providers if the disclosure is 
deemed necessary to the service provider's provision of services, and 
two disclosure requirements that apply when individuals are served with 
a subpoena, order, or other judicial or administrative process 
requiring the production of confidential supervisory information or 
other nonpublic information of the Board in the form of documents or 
testimony.
    Legal authorization and confidentiality: The FR 4035 is authorized 
pursuant to section 9 of the Federal Reserve Act (12 U.S.C. 326), which 
provides that the Board ``may furnish . . . confidential supervisory 
information . . . to any other person that the Board determines to be 
proper.'' Persons seeking to obtain, use, or disclose confidential 
supervisory information or other nonpublic information of the Board 
must comply with the reporting and recordkeeping requirements of the 
Rules Regarding Availability of Information. Additionally, persons 
served with a subpoena, order, or other judicial or administrative 
process requiring the production of confidential supervisory 
information or other nonpublic information of the Board or requiring 
the person's testimony regarding such information in any proceeding 
must comply with the disclosure requirements of FR 4035. Thus, the FR 
4035 is required to obtain a benefit, in part, and mandatory, in part.
    Any confidential supervisory information that is submitted in 
connection with the FR 4035 would be considered confidential pursuant 
to exemption 8 of the Freedom of Information Act (FOIA), which protects 
information contained in ``examination, operating, or condition 
reports'' obtained in the bank supervisory process (5 U.S.C. 
552(b)(8)). Individual respondents may request that other information 
submitted to the Board through the FR 4035 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. To the extent a respondent submits privileged or 
confidential commercial or financial information in connection with the 
FR 4035, the respondent may request confidential treatment pursuant to 
exemption 4 of the FOIA (5 U.S.C. 552(b)(4)).
    Current actions: On September 15, 2020, the Board published a 
notice in the Federal Register (85 FR 57616) requesting public comment 
for 60 days on the extension for three years, without revision, of the 
Reporting,

[[Page 16365]]

Recordkeeping, and Disclosure Requirements Associated with Rules 
Regarding Availability of Information. The comment period for this 
notice expired on November 16, 2020. The Board did not receive any 
comments.

    Board of Governors of the Federal Reserve System, March 23, 
2021.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2021-06380 Filed 3-26-21; 8:45 am]
BILLING CODE 6210-01-P
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