Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 23966-23968 [2021-09459]

Download as PDF 23966 Federal Register / Vol. 86, No. 85 / Wednesday, May 5, 2021 / Notices the construction permit and applicable engineering standards. FCC staff use the data to assure compliance with the terms of the construction permit and applicable engineering standards. Board of Governors of the Federal Reserve System, April 30, 2021. Michele Taylor Fennell, Deputy Associate Secretary of the Board. Federal Communications Commission. Marlene Dortch, Secretary, Office of the Secretary. BILLING CODE 6210–01–P [FR Doc. 2021–09487 Filed 5–4–21; 8:45 am] FEDERAL RESERVE SYSTEM [FR Doc. 2021–09509 Filed 5–4–21; 8:45 am] BILLING CODE 6712–01–P Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company FEDERAL RESERVE SYSTEM The notificants listed below have applied under the Change in Bank Control Act (Act) (12 U.S.C. 1817(j)) and § 225.41 of the Board’s Regulation Y (12 CFR 225.41) to acquire shares of a bank or bank holding company. The factors that are considered in acting on the applications are set forth in paragraph 7 of the Act (12 U.S.C. 1817(j)(7)). The public portions of the applications listed below, as well as other related filings required by the Board, if any, are available for immediate inspection at the Federal Reserve Bank(s) indicated below and at the offices of the Board of Governors. This information may also be obtained on an expedited basis, upon request, by contacting the appropriate Federal Reserve Bank and from the Board’s Freedom of Information Office at https://www.federalreserve.gov/foia/ request.htm. Interested persons may express their views in writing on the standards enumerated in paragraph 7 of the Act. Comments regarding each of these applications must be received at the Reserve Bank indicated or the offices of the Board of Governors, Ann E. Misback, Secretary of the Board, 20th Street and Constitution Avenue NW, Washington, DC 20551–0001, not later than May 20, 2021. A. Federal Reserve Bank of Atlanta (Kathryn Haney, Assistant Vice President) 1000 Peachtree Street NE, Atlanta, Georgia 30309. Comments can also be sent electronically to Applications.Comments@atl.frb.org: 1. Eureka Homestead Employee Stock Ownership Plan, Metairie, Louisiana; to acquire additional voting shares of Eureka Homestead Bancorp, Inc., and thereby indirectly acquire voting shares of Eureka Homestead, both of Metairie, Louisiana. B. Federal Reserve Bank of Dallas (Karen Smith, Director, Applications) 2200 North Pearl Street, Dallas, Texas 75201–2272: 1. Gus K. Eifler, Houston, Texas; to acquire voting shares of Central Bancshares, Inc., by becoming a trustee of both the Carolyn J. Young 2012 Trust Formations of, Acquisitions by, and Mergers of Bank Holding Companies The companies listed in this notice have applied to the Board for approval, pursuant to the Bank Holding Company Act of 1956 (12 U.S.C. 1841 et seq.) (BHC Act), Regulation Y (12 CFR part 225), and all other applicable statutes and regulations to become a bank holding company and/or to acquire the assets or the ownership of, control of, or the power to vote shares of a bank or bank holding company and all of the banks and nonbanking companies owned by the bank holding company, including the companies listed below. The public portions of the applications listed below, as well as other related filings required by the Board, if any, are available for immediate inspection at the Federal Reserve Bank(s) indicated below and at the offices of the Board of Governors. This information may also be obtained on an expedited basis, upon request, by contacting the appropriate Federal Reserve Bank and from the Board’s Freedom of Information Office at https://www.federalreserve.gov/foia/ request.htm. Interested persons may express their views in writing on the standards enumerated in the BHC Act (12 U.S.C. 1842(c)). Comments regarding each of these applications must be received at the Reserve Bank indicated or the offices of the Board of Governors, Ann E. Misback, Secretary of the Board, 20th Street and Constitution Avenue NW, Washington, DC 20551–0001, not later than June 4, 2021. A. Federal Reserve Bank of Dallas (Karen Smith, Director, Applications) 2200 North Pearl Street, Dallas, Texas 75201–2272: 1. A.N.B. Holding Company, Ltd., Terrell, Texas; to acquire additional voting shares up to 38.5 percent of The ANB Corporation, and thereby indirectly acquire voting shares of The American National Bank of Texas, both of Terrell, Texas. VerDate Sep<11>2014 23:06 May 04, 2021 Jkt 253001 PO 00000 Frm 00053 Fmt 4703 Sfmt 4703 and John H. Young 2020 Trust, and thereby indirectly acquire voting shares of Central Bank, all of Houston, Texas, and to become a member of the Young Family Control Group, a group acting in concert. C. Federal Reserve Bank of Richmond (Adam M. Drimer, Assistant Vice President) 701 East Byrd Street, Richmond, Virginia 23219. Comments can also be sent electronically to Comments.applications@rich.frb.org: 1. Kenneth R. Lehman, Fort Lauderdale, Florida; to acquire voting shares of Affinity Bancshares, Inc., and thereby indirectly acquire voting shares of Affinity Bank, both of Covington, Georgia. Board of Governors of the Federal Reserve System, April 29, 2021. Michele Taylor Fennell, Deputy Associate Secretary of the Board. [FR Doc. 2021–09405 Filed 5–4–21; 8:45 am] BILLING CODE P FEDERAL RESERVE SYSTEM Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB Board of Governors of the Federal Reserve System. SUMMARY: The Board of Governors of the Federal Reserve System (Board) is adopting a proposal to extend for three years, with revision, the Government Securities Dealers Reports (FR 2004; OMB No. 7100–0003). The revisions will be effective with the first applicable as of date, January 5, 2022. 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 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 AGENCY: E:\FR\FM\05MYN1.SGM 05MYN1 Federal Register / Vol. 86, No. 85 / Wednesday, May 5, 2021 / Notices 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.federal reserve.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, With Revision, of the Following Information Collection Report title: Government Securities Dealers Reports: Weekly Report of Dealer Positions (FR 2004A), Weekly Report of Cumulative Dealer Transactions (FR 2004B), Weekly Report of Dealer Financing and Fails (FR 2004C), Weekly Report of Specific Issues (FR 2004SI), Daily Report of Specific Issues (FR 2004SD), Supplement to the Daily Report of Specific Issues (FR 2004SD ad hoc), Daily Report of Dealer Activity in Treasury Financing (FR 2004WI), Settlement Cycle Report of Dealer Fails and Transaction Volumes: Class A (FR 2004FA), Settlement Cycle Report of Dealer Fails and Transaction Volumes: Class B (FR 2004FB), Settlement Cycle Report of Dealer Fails and Transaction Volumes: Class C (FR 2004FC), and Settlement Cycle Report of Dealer Fails and Transaction Volumes (FR 2004FM). Agency form number: FR 2004. OMB control number: 7100–0003. Effective date: The revisions will be effective with the first applicable as of date, January 5, 2022. Frequency: Weekly, daily, monthly. Respondents: Dealers in the U.S. government securities market. Estimated number of respondents: 24. Estimated average hours per response: FR 2004A, 3.0; FR 2004B, 3.7; FR 2004C, 4.1; FR 2004SI, 2.2; FR 2004SD, 2.2; FR 2004SD ad hoc, 2.0; FR 2004WI, 1.0; FR 2004FA, 1.0; FR 2004FB, 1.0; FR 2004FC, 1.0; and FR 2004FM, 1.5. Estimated annual burden hours: FR 2004A, 3,744; FR 2004B, 4,618; FR 2004C, 5,117; FR 2004SI, 2,746; FR 2004SD, 2,112; FR 2004SD ad hoc, 1,248; FR 2004WI, 3,840; FR 2004FA, 288; FR 2004FB, 288; FR 2004FC, 288; FR 2004FM, 432. General description of report: The Federal Reserve Bank of New York (FRBNY), on behalf of the Federal Reserve System, collects data from primary dealers in the U.S. government securities market. Filing of these data is required to obtain the benefit of primary dealer status. The Federal Reserve uses VerDate Sep<11>2014 23:06 May 04, 2021 Jkt 253001 these data to (1) monitor the condition of the U.S. government securities market in its Treasury market surveillance and analysis of the market and (2) assist and support the U.S. Department of the Treasury (Treasury) in its role as fiscal agent for Treasury financing operations. In addition, these data are used in the analysis of broad financial conditions and a range of financial stability issues. Legal authorization and confidentiality: The information collected on the FR 2004 series of reports is generally authorized under sections 2A, 12A(c), 14, and 15 of the Federal Reserve Act. Section 2A requires that the Board and the Federal Open Market Committee ‘‘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 the goals of maximum employment, stable prices, and moderate long-term interest rates’’ (12 U.S.C. 225a). Section 12A(c) further provides that the time, character, and volume of open market operations ‘‘shall be governed with a view to accommodating commerce and business and with regard to their bearing upon the general credit situation of the country’’ (12 U.S.C. 263(c)). Additionally, section 14 authorizes the Federal Reserve Banks to engage in open market operations (12 U.S.C. 353–359). Finally, section 15 permits the Federal Reserve Banks, at the direction of the Secretary of the Treasury, to act as fiscal agents of the United States (12 U.S.C. 391). The Board has implicit authority to collect data to carry out the requirements of the foregoing statutory provisions.1 Filing the FR 2004 series is a condition of obtaining and retaining primary dealer status. Thus, the obligation to respond is ‘‘required to obtain or retain a benefit’’ because being a primary dealer allows a firm to act as a trading counterparty of the FRBNY in the implementation of its monetary policy.2 While aggregate data from certain of the forms in the FR 2004 series will be published, individually identifying information may be kept confidential under exemption 4 and, in certain circumstances, exemption 8 of the Freedom of Information Act (FOIA) (5 U.S.C. 552(b)(4) and (b)(8)). Individual 1 Additionally, depending upon the survey respondent, a more precise statute may authorize the data collection. For example, the Board is authorized to collect information from bank holding companies (and their subsidiaries) under section 5(c) of the Bank Holding Company Act of 1956 (12 U.S.C. 1844(c)) and from depository institutions under section 11(a) of the Federal Reserve Act (12 U.S.C. 248(a)). 2 See 5 CFR 1320.8(b)(3)(iv). PO 00000 Frm 00054 Fmt 4703 Sfmt 4703 23967 respondent data collected through the FR 2004 may be considered confidential pursuant to FOIA exemption 4 to the extent these responses contain nonpublic commercial or financial information, which is both customarily and actually treated as private by the respondent. Moreover, to the extent that the information is ‘‘contained in or related to examination, operating, or condition reports prepared by, on behalf of, or for the use of [the Board],’’ the information may be withheld by the Board under FOIA exemption 8. Current actions: On December 14, 2020, the Board published a notice in the Federal Register (85 FR 80786) requesting public comment for 60 days on the extension, with revision, of the FR 2004. The Board proposed to revise the FR 2004 with four additions and two modifications by: (1) Adding a row to the FR 2004A, B, SI, SD, and WI to account for the new 20 year Treasury bond, (2) adding a row to the FR 2004A and two rows to FR 2004B to separately capture Mortgage-Backed Securities (MBS) To-Be-Announced (TBA) and specified pool classifications, (3) adding 18 columns to the FR 2004C to capture a split by clearing venue, with maturity tenor applied to each venue classification, (4) adding 5 lines to the FR 2004C to separately capture Federal Agency and Government-Sponsored Enterprise (GSE) Residential MBS and Federal Agency and GSE Commercial MBS, and to separate Total lines for Repo and Other Financing Activities, (5) revising the FR 2004FA, FB, and FM to capture Federal National Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation (FHLMC) Uniform MBS (UMBS) and FNMA non-UMBS eligible securities settlement fails and transactions, separate from FHLMC nonUMBS eligible securities settlement fails and transactions, and (6) modifying the instructions to provide additional guidance on report consolidation rules for primary dealers when the legal entity serving as a primary dealer is a branch or agency of a foreign banking organization (FBO) as well as some other minor corrections and edits for improved clarity. The comment period for this notice expired on February 12, 2021. The Board received 2 comment letters from industry trade associations related to the changes to the FR 2004 reports. Both commenters requested that the effective date of the changes be extended, with one commenter requesting a phased approach beginning in the fourth quarter 2021 and the other commenter E:\FR\FM\05MYN1.SGM 05MYN1 23968 Federal Register / Vol. 86, No. 85 / Wednesday, May 5, 2021 / Notices recommending a January 2022 effective date. The Board agreed and clarified that the changes will become effective with the first applicable as of date, January 5, 2022. One commenter recommended that the FR 2004 report instructions and FAQs be updated to reflect the proposed changes. The revised report forms, instructions, and FAQ document will be made available in final form on the Board’s public website. Aside from the changes discussed above, the Board will adopt the extension, with revision, of the FR 2004 as originally proposed. Board of Governors of the Federal Reserve System, April 29, 2021. Michele Taylor Fennell, Deputy Associate Secretary of the Board. [FR Doc. 2021–09459 Filed 5–4–21; 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, with revision, the International Applications and Prior Notifications under Subparts A and C of Regulation K (FR K–1; OMB No. 7100– 0107). DATES: Comments must be submitted on or before July 6, 2021. ADDRESSES: You may submit comments, identified by FR K–1, 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. SUMMARY: VerDate Sep<11>2014 23:06 May 04, 2021 Jkt 253001 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 PO 00000 Frm 00055 Fmt 4703 Sfmt 4703 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, With Revision, the Following Information Collection Report title: International Applications and Prior Notifications under Subparts A and C of Regulation K. Agency form number: FR K–1. OMB control number: 7100–0107. Frequency: On occasion. Respondents: Member banks, Edge and agreement corporations,1 bank holding companies (BHCs), and certain investments by foreign organizations. Estimated number of respondents: Reporting: Attachments A and B, 6; Attachments C through G, 13; Attachments H and I, 10; Attachment J, 2; Attachment K, 1; Section 211.5(c)(4) requirements, 1; Section 211.8 requirements, 1; Section 211.10 requirements, 1; Section 211.11 requirements, 1. Disclosure: Attachment F, 13. Recordkeeping: Section 211.13 requirement, 70. Estimated average hours per response: Reporting: Attachments A and B, 11.5; Attachments C through G, 9; Attachments H and I, 15.5; Attachment J, 10; Attachment K, 20; Section 211.5(c)(4) requirements, 1; Section 211.8 requirements, 0.25; Section 211.10 requirements, 8; Section 211.11 requirements, 5. Disclosure: Attachment F, 1. Recordkeeping: Section 211.13 requirement, 1. 1 References to Edge corporations are inclusive of agreement corporations. An agreement corporation is a corporation that has entered into an agreement with the Board that it will not exercise any power that is impermissible for an Edge corporation. 12 CFR 211.5(g)(1). E:\FR\FM\05MYN1.SGM 05MYN1

Agencies

[Federal Register Volume 86, Number 85 (Wednesday, May 5, 2021)]
[Notices]
[Pages 23966-23968]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-09459]


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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, with revision, the 
Government Securities Dealers Reports (FR 2004; OMB No. 7100-0003). The 
revisions will be effective with the first applicable as of date, 
January 5, 2022.

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 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

[[Page 23967]]

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, With Revision, of the Following Information Collection

    Report title: Government Securities Dealers Reports: Weekly Report 
of Dealer Positions (FR 2004A), Weekly Report of Cumulative Dealer 
Transactions (FR 2004B), Weekly Report of Dealer Financing and Fails 
(FR 2004C), Weekly Report of Specific Issues (FR 2004SI), Daily Report 
of Specific Issues (FR 2004SD), Supplement to the Daily Report of 
Specific Issues (FR 2004SD ad hoc), Daily Report of Dealer Activity in 
Treasury Financing (FR 2004WI), Settlement Cycle Report of Dealer Fails 
and Transaction Volumes: Class A (FR 2004FA), Settlement Cycle Report 
of Dealer Fails and Transaction Volumes: Class B (FR 2004FB), 
Settlement Cycle Report of Dealer Fails and Transaction Volumes: Class 
C (FR 2004FC), and Settlement Cycle Report of Dealer Fails and 
Transaction Volumes (FR 2004FM).
    Agency form number: FR 2004.
    OMB control number: 7100-0003.
    Effective date: The revisions will be effective with the first 
applicable as of date, January 5, 2022.
    Frequency: Weekly, daily, monthly.
    Respondents: Dealers in the U.S. government securities market.
    Estimated number of respondents: 24.
    Estimated average hours per response: FR 2004A, 3.0; FR 2004B, 3.7; 
FR 2004C, 4.1; FR 2004SI, 2.2; FR 2004SD, 2.2; FR 2004SD ad hoc, 2.0; 
FR 2004WI, 1.0; FR 2004FA, 1.0; FR 2004FB, 1.0; FR 2004FC, 1.0; and FR 
2004FM, 1.5.
    Estimated annual burden hours: FR 2004A, 3,744; FR 2004B, 4,618; FR 
2004C, 5,117; FR 2004SI, 2,746; FR 2004SD, 2,112; FR 2004SD ad hoc, 
1,248; FR 2004WI, 3,840; FR 2004FA, 288; FR 2004FB, 288; FR 2004FC, 
288; FR 2004FM, 432.
    General description of report: The Federal Reserve Bank of New York 
(FRBNY), on behalf of the Federal Reserve System, collects data from 
primary dealers in the U.S. government securities market. Filing of 
these data is required to obtain the benefit of primary dealer status. 
The Federal Reserve uses these data to (1) monitor the condition of the 
U.S. government securities market in its Treasury market surveillance 
and analysis of the market and (2) assist and support the U.S. 
Department of the Treasury (Treasury) in its role as fiscal agent for 
Treasury financing operations. In addition, these data are used in the 
analysis of broad financial conditions and a range of financial 
stability issues.
    Legal authorization and confidentiality: The information collected 
on the FR 2004 series of reports is generally authorized under sections 
2A, 12A(c), 14, and 15 of the Federal Reserve Act. Section 2A requires 
that the Board and the Federal Open Market Committee ``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 the goals of maximum employment, stable prices, and 
moderate long-term interest rates'' (12 U.S.C. 225a). Section 12A(c) 
further provides that the time, character, and volume of open market 
operations ``shall be governed with a view to accommodating commerce 
and business and with regard to their bearing upon the general credit 
situation of the country'' (12 U.S.C. 263(c)). Additionally, section 14 
authorizes the Federal Reserve Banks to engage in open market 
operations (12 U.S.C. 353-359). Finally, section 15 permits the Federal 
Reserve Banks, at the direction of the Secretary of the Treasury, to 
act as fiscal agents of the United States (12 U.S.C. 391). The Board 
has implicit authority to collect data to carry out the requirements of 
the foregoing statutory provisions.\1\ Filing the FR 2004 series is a 
condition of obtaining and retaining primary dealer status. Thus, the 
obligation to respond is ``required to obtain or retain a benefit'' 
because being a primary dealer allows a firm to act as a trading 
counterparty of the FRBNY in the implementation of its monetary 
policy.\2\
---------------------------------------------------------------------------

    \1\ Additionally, depending upon the survey respondent, a more 
precise statute may authorize the data collection. For example, the 
Board is authorized to collect information from bank holding 
companies (and their subsidiaries) under section 5(c) of the Bank 
Holding Company Act of 1956 (12 U.S.C. 1844(c)) and from depository 
institutions under section 11(a) of the Federal Reserve Act (12 
U.S.C. 248(a)).
    \2\ See 5 CFR 1320.8(b)(3)(iv).
---------------------------------------------------------------------------

    While aggregate data from certain of the forms in the FR 2004 
series will be published, individually identifying information may be 
kept confidential under exemption 4 and, in certain circumstances, 
exemption 8 of the Freedom of Information Act (FOIA) (5 U.S.C. 
552(b)(4) and (b)(8)). Individual respondent data collected through the 
FR 2004 may be considered confidential pursuant to FOIA exemption 4 to 
the extent these responses contain nonpublic commercial or financial 
information, which is both customarily and actually treated as private 
by the respondent. Moreover, to the extent that the information is 
``contained in or related to examination, operating, or condition 
reports prepared by, on behalf of, or for the use of [the Board],'' the 
information may be withheld by the Board under FOIA exemption 8.
    Current actions: On December 14, 2020, the Board published a notice 
in the Federal Register (85 FR 80786) requesting public comment for 60 
days on the extension, with revision, of the FR 2004. The Board 
proposed to revise the FR 2004 with four additions and two 
modifications by:
    (1) Adding a row to the FR 2004A, B, SI, SD, and WI to account for 
the new 20 year Treasury bond,
    (2) adding a row to the FR 2004A and two rows to FR 2004B to 
separately capture Mortgage-Backed Securities (MBS) To-Be-Announced 
(TBA) and specified pool classifications,
    (3) adding 18 columns to the FR 2004C to capture a split by 
clearing venue, with maturity tenor applied to each venue 
classification,
    (4) adding 5 lines to the FR 2004C to separately capture Federal 
Agency and Government-Sponsored Enterprise (GSE) Residential MBS and 
Federal Agency and GSE Commercial MBS, and to separate Total lines for 
Repo and Other Financing Activities,
    (5) revising the FR 2004FA, FB, and FM to capture Federal National 
Mortgage Association (FNMA) and Federal Home Loan Mortgage Corporation 
(FHLMC) Uniform MBS (UMBS) and FNMA non-UMBS eligible securities 
settlement fails and transactions, separate from FHLMC non-UMBS 
eligible securities settlement fails and transactions, and
    (6) modifying the instructions to provide additional guidance on 
report consolidation rules for primary dealers when the legal entity 
serving as a primary dealer is a branch or agency of a foreign banking 
organization (FBO) as well as some other minor corrections and edits 
for improved clarity.
    The comment period for this notice expired on February 12, 2021. 
The Board received 2 comment letters from industry trade associations 
related to the changes to the FR 2004 reports. Both commenters 
requested that the effective date of the changes be extended, with one 
commenter requesting a phased approach beginning in the fourth quarter 
2021 and the other commenter

[[Page 23968]]

recommending a January 2022 effective date. The Board agreed and 
clarified that the changes will become effective with the first 
applicable as of date, January 5, 2022. One commenter recommended that 
the FR 2004 report instructions and FAQs be updated to reflect the 
proposed changes. The revised report forms, instructions, and FAQ 
document will be made available in final form on the Board's public 
website. Aside from the changes discussed above, the Board will adopt 
the extension, with revision, of the FR 2004 as originally proposed.

    Board of Governors of the Federal Reserve System, April 29, 
2021.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2021-09459 Filed 5-4-21; 8:45 am]
BILLING CODE 6210-01-P