Request for Information and Comment on Financial Institutions' Use of Artificial Intelligence, Including Machine Learning, 27960-27961 [2021-10861]

Download as PDF khammond on DSKJM1Z7X2PROD with NOTICES 27960 Federal Register / Vol. 86, No. 98 / Monday, May 24, 2021 / Notices ‘‘Confidential’’; (2) send PHMSA, along with the original document, a second copy of the original document with the CBI deleted; and (3) explain why the information you are submitting is CBI. Unless you are notified otherwise, PHMSA will treat such marked submissions as confidential under the FOIA, and they will not be placed in the public docket of this notice. Submissions containing CBI should be sent to Kay McIver, DOT, PHMSA– PHP–80, 1200 New Jersey Avenue SE, Washington, DC 20590–0001. Any commentary PHMSA receives that is not specifically designated as CBI will be placed in the public docket for this matter. FOR FURTHER INFORMATION CONTACT: General: Ms. Kay McIver by telephone at 202–366–0113, or by email at kay.mciver@dot.gov. Technical: Mr. Steve Nanney by telephone at 713–272–2855, or by email at steve.nanney@dot.gov. SUPPLEMENTARY INFORMATION: PHMSA received a special permit request from Tejas, a subsidiary of Kinder Morgan, Inc., seeking a waiver from the requirements of 49 CFR 192.611(a) and (d), Change in class location and Confirmation or revision of maximum allowable operating pressure; and 49 CFR 192.619(a), Maximum allowable operating pressure: Steel or plastic pipelines. This special permit is being requested in lieu of pipe replacement, pressure testing, or pressure reduction for three (3) pipeline segments totaling 717 feet (approximately 0.136 miles) of 30-inch and 36-inch diameter pipe on the Mustang Mainline 1 Pipeline located in Nueces County, Texas, and 882 feet (approximately 0.167 miles) of 30-inch diameter pipe on the King Ranch to Lovell Pipeline located in Harris County, Texas. The proposed special permit will allow operation of the original Class 1 or Class 2 pipe in the Class 3 locations. The proposed special permit segments on the Mustang Mainline 1 Pipeline have a maximum allowable operating pressure (MAOP) of 915 pounds per square inch gauge (psig) and were constructed in 1959 and 1964. The proposed special permit segment on the King Ranch to Lovell Pipeline has a MAOP of 715 psig and was constructed in 1958. The special permit request, proposed special permit with conditions, and Draft Environmental Assessment (DEA) for the Tejas Mustang Mainline 1 and King Ranch to Lovell Pipelines are available for review and public comments in Docket No. PHMSA–2021– 0018. PHMSA invites interested persons VerDate Sep<11>2014 17:32 May 21, 2021 Jkt 253001 to review and submit comments on the special permit request and DEA in the docket. Please include any comments on potential safety and environmental impacts that may result if the special permit is granted. Comments may include relevant data. Before issuing a decision on the special permit request, PHMSA will evaluate all comments received on or before the comments closing date. Comments received after the closing date will be evaluated, if it is possible to do so without incurring additional expense or delay. PHMSA will consider each relevant comment it receives in making its decision to grant or deny this special permit request. Issued in Washington, DC, on April, 2021, under authority delegated in 49 CFR 1.97. Alan K. Mayberry, Associate Administrator for Pipeline Safety. [FR Doc. 2021–10864 Filed 5–21–21; 8:45 am] BILLING CODE 4910–60–P DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency [Docket ID OCC–2020–0049] BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM [Docket No. OP–1743] FEDERAL DEPOSIT INSURANCE CORPORATION RIN 3064–ZA24 BUREAU OF CONSUMER FINANCIAL PROTECTION [Docket No. CFPB–2021–0004] NATIONAL CREDIT UNION ADMINISTRATION [Docket No. NCUA–2021–0023] Request for Information and Comment on Financial Institutions’ Use of Artificial Intelligence, Including Machine Learning Board of Governors of the Federal Reserve System (Board), Bureau of Consumer Financial Protection (Bureau), Federal Deposit Insurance Corporation (FDIC), National Credit Union Administration (NCUA), and Office of the Comptroller of the Currency (OCC). ACTION: Request for information and comment; Extension of comment period. AGENCY: On March 31, 2021, the Board, Bureau, FDIC, NCUA, and OCC (together, the agencies) published in the SUMMARY: PO 00000 Frm 00136 Fmt 4703 Sfmt 4703 Federal Register a document entitled ‘‘Request for Information and Comment on Financial Institutions’ Use of Artificial Intelligence, including Machine Learning’’ (RFI) and invited comments on financial institutions’ use of artificial intelligence (AI), including machine learning (ML). In response to concerns raised by commenters that the current comment deadline may not provide sufficient time to analyze and respond to the RFI due to the complex technical nature and significance of the topic, the agencies have determined that an extension of the comment period until July 1, 2021, is appropriate. DATES: The end of the comment period for the document entitled ‘‘Request for Information and Comment on Financial Institutions’ Use of Artificial Intelligence, including Machine Learning,’’ published on March 31, 2020 (86 FR 16837), is extended from June 1, 2021, until July 1, 2021. ADDRESSES: You may submit comments by any of the methods identified in the RFI.1 Please submit your comments using only one method. FOR FURTHER INFORMATION CONTACT: OCC: Kevin Greenfield, Deputy Comptroller for Operational Risk, Norine Richards, Director for Bank Technology Operations, Paul Reymann, Director for Consumer Compliance Policy, or Siobhan Williams, Bank Information Technology Analyst, Bank Supervision Policy Department, (202) 649–6550; Beth Knickerbocker, Chief Innovation Officer, or Maggie Colvin, Innovation Officer, Office of Innovation, (202) 649–5200; Alireza Ebrahim, Senior Financial Economist, Risk Analytics Division, (202) 649–5515; or Jorge D. Aguilar, Counsel, Chief Counsel’s Office, (202) 649–7187. Board: David Palmer, Lead Financial Institution Policy Analyst, (202) 452– 2904, Jeff Ernst, Lead Financial Institution Policy Analyst, (202) 452– 2814, or Kavita Jain, Deputy Associate Director, (202) 452–2062, Division of Supervision and Regulation; Dana Miller, Senior Counsel, (202) 452–2751, Division of Consumer and Community Affairs, or Patricia Yeh, Senior Counsel, (202) 452–3089, or Gavin Smith, Senior Counsel, (202) 452–3474, Legal Division, Board of Governors of the Federal Reserve System, 20th and C Streets NW, Washington, DC 20551. For users of Telecommunication Device for the Deaf (TDD), (202) 263–4869. FDIC: Sumaya Muraywid, Senior Examination Specialist, Division of Risk Management Supervision, (202) 898– 3904, smuraywid@fdic.gov; David 1 See E:\FR\FM\24MYN1.SGM 86 FR 16837–38 (March 31, 2021). 24MYN1 khammond on DSKJM1Z7X2PROD with NOTICES Federal Register / Vol. 86, No. 98 / Monday, May 24, 2021 / Notices Friedman, Senior Policy Analyst, Division of Depositor and Consumer Protection, 202–898–7168, dfriedman@ fdic.gov; or Chris Ledoux, Corporate Expert, Legal Division, 202–898–3535, cledoux@fdic.gov. Bureau: Albert D. Chang, Senior Counsel, Office of Innovation, (202) 450–7299; Patrice Alexander Ficklin, Fair Lending Director, Office of Fair Lending & Equal Opportunity, (202) 435–7205; and Kathryn Lazarev, Senior Counsel, Office of Regulations, (202) 435–7700. If you require this document in an alternative electronic format, please contact CFPB_Accessibility@ cfpb.gov. NCUA: Timothy Segerson, Deputy Director, Office of Examination & Insurance, 703–518–6300; Chrisanthy Loizos, Senior Trial Attorney, Office of General Counsel, 703–518–6540; Joe Goldberg, Director, Division of Consumer Compliance Policy and Outreach, 703–518–1142. SUPPLEMENTARY INFORMATION: On March 31, 2021, the agencies published in the Federal Register 2 a document inviting comments on financial institutions’ use of artificial intelligence (AI), including machine learning (ML). The request for information (RFI) was issued to obtain respondents’ views on financial institutions’ use of AI in their provision of services to customers and for other business or operational purposes; appropriate governance, risk management, and controls over AI; and any challenges in developing, adopting, and managing AI. The RFI also solicited respondents’ views on the use of AI in financial services to assist in determining whether any clarifications from the agencies would be helpful for financial institutions’ use of AI in a safe and sound manner and in compliance with applicable laws and regulations, including those related to consumer protection. The document stated that the comment period would close on June 1, 2021. The agencies have received requests to extend the comment period. An extension of the comment period will provide additional opportunity for the public to analyze the RFI and prepare comments to address the questions posed by the agencies. Therefore, the agencies are extending the end of the comment period for the RFI from June 1, 2021 until July 1, 2021. Bureau: The Acting Director of the Bureau, David Uejio, having reviewed and approved this document, is delegating the authority to electronically 2 Request for Information and Comment on Financial Institutions’ Use of Artificial Intelligence, including Machine Learning. 86 FR 16837–38 (March 31, 2021). VerDate Sep<11>2014 17:32 May 21, 2021 Jkt 253001 sign this document to Grace Feola, a Bureau Federal Register Liaison, for purposes of publication in the Federal Register. Michael J. Hsu, Acting Comptroller of the Currency. By order of the Board of Governors of the Federal Reserve System. Ann Misback, Secretary of the Board. Federal Deposit Insurance Corporation. Dated at Washington, DC, on May 13, 2021. James P. Sheesley, Assistant Executive Secretary. Grace Feola, Federal Register Liaison, Bureau of Consumer Financial Protection. Melane Conyers-Ausbrooks, Secretary of the Board, National Credit Union Administration. [FR Doc. 2021–10861 Filed 5–21–21; 8:45 am] BILLING CODE 4810–33–P; 6210–01–P; 4810–AM–P; 6714–01–P DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency FEDERAL RESERVE SYSTEM FEDERAL DEPOSIT INSURANCE CORPORATION Agency Information Collection Activities; Submission for OMB Review; Comment Request Office of the Comptroller of the Currency (OCC), Treasury; Board of Governors of the Federal Reserve System (Board); and Federal Deposit Insurance Corporation (FDIC). ACTION: Joint notice and request for comment. AGENCY: In accordance with the requirements of the Paperwork Reduction Act of 1995 (PRA), the OCC, the Board, and the FDIC (the agencies) may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. On December 18, 2020, and February 5, 2021, the agencies, under the auspices of the Federal Financial Institutions Examination Council (FFIEC), requested public comment for 60 days on proposals to revise and extend the Consolidated Reports of Condition and Income (Call Reports) (FFIEC 031, FFIEC 041, and FFIEC 051), the Report of Assets and Liabilities of U.S. Branches and Agencies of Foreign Banks (FFIEC 002), and the Report of SUMMARY: PO 00000 Frm 00137 Fmt 4703 Sfmt 4703 27961 Assets and Liabilities of a Non-U.S. Branch that is Managed or Controlled by a U.S. Branch or Agency of a Foreign (Non-U.S.) Bank (FFIEC 002S), all of which are currently approved collections of information. After considering the comments received on the notices, the agencies are proceeding with the proposed revisions to the reporting forms and instructions related to the FDIC’s amendments to the deposit insurance assessment system, effective with the June 30, 2021, report date, and the exclusion of sweep deposits and certain other deposits from reporting as brokered deposits, effective with the September 30, 2021, report date. The agencies hereby give notice of their plan to submit to OMB a request to approve the revision and extension of these information collections, and again invite comment on the renewal. DATES: Comments must be submitted on or before June 23, 2021. ADDRESSES: Interested parties are invited to submit written comments to any or all of the agencies. All comments, which should refer to the ‘‘Call Report Deposit Insurance Assessment-Related and Deposit-Related Revisions,’’ will be shared among the agencies. Written comments and recommendations for the proposed information collections should be sent within 30 days of publication of this notice to www.reginfo.gov/public/do/ PRAMain. You may find these particular information collections by selecting ‘‘Currently under 30-day Review—Open for Public Comments’’ or by using the search function. Comments should also be sent to: OCC: You may submit comments, which should refer to ‘‘Call Report Deposit Insurance Assessment-Related and Deposit-Related Revisions,’’ by any of the following methods: • Email: prainfo@occ.treas.gov. • Mail: Chief Counsel’s Office, Office of the Comptroller of the Currency, Attention: 1557–0081 and 1557–0239, 400 7th Street SW, Suite 3E–218, Washington, DC 20219. • Hand Delivery/Courier: 400 7th Street SW, Suite 3E–218, Washington, DC 20219. Instructions: You must include ‘‘OCC’’ as the agency name and ‘‘1557– 0081’’ in your comment. In general, the OCC will publish comments on www.reginfo.gov without change, including any business or personal information provided, such as name and address information, email addresses, or phone numbers. Comments received, including attachments and other supporting materials, are part of the public record and subject to public E:\FR\FM\24MYN1.SGM 24MYN1

Agencies

[Federal Register Volume 86, Number 98 (Monday, May 24, 2021)]
[Notices]
[Pages 27960-27961]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-10861]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency

[Docket ID OCC-2020-0049]

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

[Docket No. OP-1743]

FEDERAL DEPOSIT INSURANCE CORPORATION

RIN 3064-ZA24

BUREAU OF CONSUMER FINANCIAL PROTECTION

[Docket No. CFPB-2021-0004]

NATIONAL CREDIT UNION ADMINISTRATION

[Docket No. NCUA-2021-0023]


Request for Information and Comment on Financial Institutions' 
Use of Artificial Intelligence, Including Machine Learning

AGENCY: Board of Governors of the Federal Reserve System (Board), 
Bureau of Consumer Financial Protection (Bureau), Federal Deposit 
Insurance Corporation (FDIC), National Credit Union Administration 
(NCUA), and Office of the Comptroller of the Currency (OCC).

ACTION: Request for information and comment; Extension of comment 
period.

-----------------------------------------------------------------------

SUMMARY: On March 31, 2021, the Board, Bureau, FDIC, NCUA, and OCC 
(together, the agencies) published in the Federal Register a document 
entitled ``Request for Information and Comment on Financial 
Institutions' Use of Artificial Intelligence, including Machine 
Learning'' (RFI) and invited comments on financial institutions' use of 
artificial intelligence (AI), including machine learning (ML). In 
response to concerns raised by commenters that the current comment 
deadline may not provide sufficient time to analyze and respond to the 
RFI due to the complex technical nature and significance of the topic, 
the agencies have determined that an extension of the comment period 
until July 1, 2021, is appropriate.

DATES: The end of the comment period for the document entitled 
``Request for Information and Comment on Financial Institutions' Use of 
Artificial Intelligence, including Machine Learning,'' published on 
March 31, 2020 (86 FR 16837), is extended from June 1, 2021, until July 
1, 2021.

ADDRESSES: You may submit comments by any of the methods identified in 
the RFI.\1\ Please submit your comments using only one method.
---------------------------------------------------------------------------

    \1\ See 86 FR 16837-38 (March 31, 2021).

FOR FURTHER INFORMATION CONTACT: 
    OCC: Kevin Greenfield, Deputy Comptroller for Operational Risk, 
Norine Richards, Director for Bank Technology Operations, Paul Reymann, 
Director for Consumer Compliance Policy, or Siobhan Williams, Bank 
Information Technology Analyst, Bank Supervision Policy Department, 
(202) 649-6550; Beth Knickerbocker, Chief Innovation Officer, or Maggie 
Colvin, Innovation Officer, Office of Innovation, (202) 649-5200; 
Alireza Ebrahim, Senior Financial Economist, Risk Analytics Division, 
(202) 649-5515; or Jorge D. Aguilar, Counsel, Chief Counsel's Office, 
(202) 649-7187.
    Board: David Palmer, Lead Financial Institution Policy Analyst, 
(202) 452-2904, Jeff Ernst, Lead Financial Institution Policy Analyst, 
(202) 452-2814, or Kavita Jain, Deputy Associate Director, (202) 452-
2062, Division of Supervision and Regulation; Dana Miller, Senior 
Counsel, (202) 452-2751, Division of Consumer and Community Affairs, or 
Patricia Yeh, Senior Counsel, (202) 452-3089, or Gavin Smith, Senior 
Counsel, (202) 452-3474, Legal Division, Board of Governors of the 
Federal Reserve System, 20th and C Streets NW, Washington, DC 20551. 
For users of Telecommunication Device for the Deaf (TDD), (202) 263-
4869.
    FDIC: Sumaya Muraywid, Senior Examination Specialist, Division of 
Risk Management Supervision, (202) 898-3904, [email protected]; David

[[Page 27961]]

Friedman, Senior Policy Analyst, Division of Depositor and Consumer 
Protection, 202-898-7168, [email protected]; or Chris Ledoux, 
Corporate Expert, Legal Division, 202-898-3535, [email protected].
    Bureau: Albert D. Chang, Senior Counsel, Office of Innovation, 
(202) 450-7299; Patrice Alexander Ficklin, Fair Lending Director, 
Office of Fair Lending & Equal Opportunity, (202) 435-7205; and Kathryn 
Lazarev, Senior Counsel, Office of Regulations, (202) 435-7700. If you 
require this document in an alternative electronic format, please 
contact [email protected].
    NCUA: Timothy Segerson, Deputy Director, Office of Examination & 
Insurance, 703-518-6300; Chrisanthy Loizos, Senior Trial Attorney, 
Office of General Counsel, 703-518-6540; Joe Goldberg, Director, 
Division of Consumer Compliance Policy and Outreach, 703-518-1142.

SUPPLEMENTARY INFORMATION: On March 31, 2021, the agencies published in 
the Federal Register \2\ a document inviting comments on financial 
institutions' use of artificial intelligence (AI), including machine 
learning (ML). The request for information (RFI) was issued to obtain 
respondents' views on financial institutions' use of AI in their 
provision of services to customers and for other business or 
operational purposes; appropriate governance, risk management, and 
controls over AI; and any challenges in developing, adopting, and 
managing AI. The RFI also solicited respondents' views on the use of AI 
in financial services to assist in determining whether any 
clarifications from the agencies would be helpful for financial 
institutions' use of AI in a safe and sound manner and in compliance 
with applicable laws and regulations, including those related to 
consumer protection. The document stated that the comment period would 
close on June 1, 2021. The agencies have received requests to extend 
the comment period. An extension of the comment period will provide 
additional opportunity for the public to analyze the RFI and prepare 
comments to address the questions posed by the agencies. Therefore, the 
agencies are extending the end of the comment period for the RFI from 
June 1, 2021 until July 1, 2021.
---------------------------------------------------------------------------

    \2\ Request for Information and Comment on Financial 
Institutions' Use of Artificial Intelligence, including Machine 
Learning. 86 FR 16837-38 (March 31, 2021).
---------------------------------------------------------------------------

    Bureau: The Acting Director of the Bureau, David Uejio, having 
reviewed and approved this document, is delegating the authority to 
electronically sign this document to Grace Feola, a Bureau Federal 
Register Liaison, for purposes of publication in the Federal Register.

Michael J. Hsu,
Acting Comptroller of the Currency.
    By order of the Board of Governors of the Federal Reserve 
System.
Ann Misback,
Secretary of the Board.

Federal Deposit Insurance Corporation.

    Dated at Washington, DC, on May 13, 2021.
James P. Sheesley,
Assistant Executive Secretary.
Grace Feola,
Federal Register Liaison, Bureau of Consumer Financial Protection.
Melane Conyers-Ausbrooks,
Secretary of the Board, National Credit Union Administration.
[FR Doc. 2021-10861 Filed 5-21-21; 8:45 am]
BILLING CODE 4810-33-P; 6210-01-P; 4810-AM-P; 6714-01-P

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