Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 23971 [2021-09460]
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Federal Register / Vol. 86, No. 85 / Wednesday, May 5, 2021 / Notices
confidential by the Board pursuant to
exemption 4 of the Freedom of
Information Act (‘‘FOIA’’).5 Some
survey responses may also contain
information contained in or related to
an examination of a financial
institution, which may be kept
confidential under exemption 8 of
FOIA.6 Responses to the FR 2023 are
tabulated and summarized at the Board
and the Federal Reserve Bank of New
York. This aggregate information is not
considered confidential, and a report
containing summary data is published
on the Board’s public website.7
Current actions: On February 3, 2021,
the Board published a notice in the
Federal Register (86 FR 8015)
requesting public comment for 60 days
on the extension, without revision, of
the Senior Financial Officer Surveys.
The comment period for this notice
expired on April 5, 2021. The Board did
not receive any comments.
Board of Governors of the Federal Reserve
System, April 29, 2021.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2021–09466 Filed 5–4–21; 8:45 am]
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 Quarterly
Report of Assets and Liabilities of Large
Foreign Offices of U.S. Banks (FR 2502q;
OMB No. 7100–0079).
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.
AGENCY:
5 U.S.C. 552(b)(4).
5 U.S.C. 552(b)(8).
7 Survey reports are available at
www.federalreserve.gov/data/sfos/sfos.htm.
5
6
VerDate Sep<11>2014
23:06 May 04, 2021
Jkt 253001
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
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.
SUPPLEMENTARY INFORMATION:
Final Approval Under OMB Delegated
Authority of the Extension for Three
Years, Without Revision, of 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) 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
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
Current actions: On February 3, 2021,
the Board published a notice in the
Federal Register (86 FR 8014)
requesting public comment for 60 days
on the extension, without revision, of
the Quarterly Report of Assets and
Liabilities of Large Foreign Offices of
U.S. Banks. The comment period for
this notice expired on April 5, 2021.
The Board received one comment.
Detailed Discussion of Public
Comments
The U.S. Department of Commerce
Bureau of Economic Analysis provided
comment that it was in strong support
of the continued collection of the FR
2502q data.
Board of Governors of the Federal Reserve
System, April 29, 2021.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2021–09460 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 Report of
SUMMARY:
2 12
U.S.C. 602 and 12 U.S.C. 625.
U.S.C. 248(a)(1) and (2).
4 5 U.S.C. 552(b)(4).
3 12
1 12
PO 00000
U.S.C. 1844(c).
Frm 00058
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]]>Agencies
[Federal Register Volume 86, Number 85 (Wednesday, May 5, 2021)]
[Notices]
[Page 23971]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-09460]
-----------------------------------------------------------------------
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
Quarterly Report of Assets and Liabilities of Large Foreign Offices of
U.S. Banks (FR 2502q; OMB No. 7100-0079).
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
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 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) 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 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).
---------------------------------------------------------------------------
Current actions: On February 3, 2021, the Board published a notice
in the Federal Register (86 FR 8014) requesting public comment for 60
days on the extension, without revision, of the Quarterly Report of
Assets and Liabilities of Large Foreign Offices of U.S. Banks. The
comment period for this notice expired on April 5, 2021. The Board
received one comment.
Detailed Discussion of Public Comments
The U.S. Department of Commerce Bureau of Economic Analysis
provided comment that it was in strong support of the continued
collection of the FR 2502q data.
Board of Governors of the Federal Reserve System, April 29,
2021.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2021-09460 Filed 5-4-21; 8:45 am]
BILLING CODE 6210-01-P
