Proposed Agency Information Collection Activities; Comment Request, 28105-28107 [2021-11060]

Download as PDF Federal Register / Vol. 86, No. 99 / Tuesday, May 25, 2021 / Notices Notice of public meeting, publishing on May 20, 2021, provides 14 days before the meeting date of June 3, 2021. There is good cause for this late notice. This notice was published late due to extenuating circumstances, including the ongoing COVID–19 pandemic, and the need for additional scheduling arrangements to ensure the ability of all 911 Strike Force members to participate in this initial meeting and to accommodate member and staff schedules. Thus, the FCC was unable to submit the meeting Notice to the OFR in time for the OFR to schedule publication to satisfy the 15-day advance notice requirement without causing significant disruption to 911 Strike Force members and FCC staff. Federal Communications Commission. Lisa Fowlkes, Chief, Public Safety and Homeland Security Bureau. [FR Doc. 2021–11145 Filed 5–21–21; 4:15 pm] BILLING CODE 6712–01–P FEDERAL COMMUNICATIONS COMMISSION [GN Docket No. 17–208; FR ID 28556] Meeting of the Federal Advisory Committee on Diversity and Digital Empowerment Federal Communications Commission. ACTION: Notice. AGENCY: In accordance with the Federal Advisory Committee Act, this notice announces the June 24, 2021, meeting of the Federal Communications Commission’s (Commission) Advisory Committee on Diversity and Digital Empowerment (ACDDE). DATES: Thursday, June 24, 2021, from 10:00 a.m. to 4:00 p.m. ADDRESSES: The ACDDE meeting will be available to the public for viewing via the internet at https://www.fcc.gov/live. FOR FURTHER INFORMATION CONTACT: Jamila Bess Johnson, Designated Federal Officer (DFO) of the ACDDE, (202) 418– 2608, Jamila-Bess.Johnson@fcc.gov; Julie Saulnier, Deputy DFO of the ACDDE, (202) 418–1598, Julie.Saulnier@ fcc.gov; or Jamile Kadre, Deputy DFO of the ACDDE, (202) 418–2245, Jamile.Kadre@fcc.gov. SUPPLEMENTARY INFORMATION: The Committee’s mission is to provide recommendations to the Commission on how to empower disadvantaged communities and accelerate the entry of small businesses, including those owned by women and minorities, into the media, digital news and jbell on DSKJLSW7X2PROD with NOTICES SUMMARY: VerDate Sep<11>2014 18:09 May 24, 2021 Jkt 253001 28105 information, and audio and video programming industries, including as owners, suppliers, and employees. Proposed Agenda: The agenda for the final ACDDE meeting under its current charter will include a report from each of the ACDDE working groups. The Access to Capital Working Group will report on its ongoing examination of ways to improve access to capital to encourage management and ownership of broadcast properties by a diverse range of voices, including minorities and women. The Digital Empowerment and Inclusion Working Group will discuss its work assessing access, adoption, and use of broadband and new technologies by under-resourced communities. The Diversity in the Tech Sector Working Group will report on its progress in examining issues pertaining to hiring, promotion, and retention of women and minorities in tech industries. This agenda may be modified at the discretion of the ACDDE Chair and the DFO. The ACDDE meeting is accessible to the public on the internet via live feed from the FCC’s web page at www.fcc.gov/live. Members of the public may submit any questions during the meeting to livequestions@fcc.gov. Members of the public may submit comments to the ACDDE using the FCC’s Electronic Comment Filing System, ECFS, at www.fcc.gov/ecfs. Comments to the ACDDE should be filed in GN Docket No. 17–208. Open captioning will be provided for this event. Other reasonable accommodations for persons with disabilities are available upon request. Requests for such accommodations should be submitted via email to fcc504@fcc.gov or by calling the Consumer and Governmental Affairs Bureau at (202) 418–0530 (voice), (202) 418–0432 (TTY). Such requests should include a detailed description of the accommodation needed. In addition, please include a way for the Commission to contact the requester if more information is needed to fulfill the request. Please allow at least five days’ notice; last minute requests will be accepted but may not be possible to accommodate. FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL Federal Communications Commission. Thomas Horan, Chief of Staff, Media Bureau. FEDERAL RESERVE SYSTEM [FR Doc. 2021–11032 Filed 5–24–21; 8:45 am] [Docket No. AS21–05] Appraisal Subcommittee; Notice of Meeting Appraisal Subcommittee of the Federal Financial Institutions Examination Council. ACTION: Notice of meeting. AGENCY: Description: In accordance with Section 1104(b) of Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, as amended, notice is hereby given that the Appraisal Subcommittee (ASC) will meet in open session for its regular meeting: Location: Due to the COVID–19 Pandemic, the meeting will be open to the public via live webcast only. Visit the agency’s homepage (www.asc.gov) and access the provided registration link in the What’s New box. You MUST register in advance to attend this Meeting. Date: June 2, 2021. Time: 10:00 a.m. ET. Status: Open. Action and Discussion Items Approval of Minutes May 14, 2021 Special Meeting Census/Survey Project How To Attend and Observe an ASC Meeting Due to the COVID–19 Pandemic, the meeting will be open to the public via live webcast only. Visit the agency’s homepage (www.asc.gov) and access the provided registration link in the What’s New box. The meeting space is intended to accommodate public attendees. However, if the space will not accommodate all requests, the ASC may refuse attendance on that reasonable basis. The use of any video or audio tape recording device, photographing device, or any other electronic or mechanical device designed for similar purposes is prohibited at ASC Meetings. James R. Park, Executive Director. [FR Doc. 2021–10962 Filed 5–24–21; 8:45 am] BILLING CODE 6700–01–P Proposed Agency Information Collection Activities; Comment Request BILLING CODE 6712–01–P PO 00000 Board of Governors of the Federal Reserve System. AGENCY: Frm 00053 Fmt 4703 Sfmt 4703 E:\FR\FM\25MYN1.SGM 25MYN1 28106 ACTION: Federal Register / Vol. 86, No. 99 / Tuesday, May 25, 2021 / Notices Notice, request for comment. The Board of Governors of the Federal Reserve System (Board) invites comment on a proposal to extend for three years, with revision, the Census of Finance Companies and Survey of Finance Companies (FR 3033p and FR 3033s; OMB No. 7100–0277). DATES: Comments must be submitted on or before July 26, 2021. ADDRESSES: You may submit comments, identified by FR 3033p or FR 3033s, 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. jbell on DSKJLSW7X2PROD with NOTICES SUMMARY: VerDate Sep<11>2014 18:09 May 24, 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. 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. SUPPLEMENTARY INFORMATION: 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, With Revision, the Following Information Collections Report title: Census of Finance Companies and Other Lenders. PO 00000 Frm 00054 Fmt 4703 Sfmt 4703 Agency form number: FR 3033p. OMB control number: 7100–0277. Frequency: Quinquennially. Respondents: Finance companies. Estimated number of respondents: 12,800. Estimated average hours per response: 0.33. Estimated annual burden hours: 4,224. General description of report: The FR 3033p is a census survey designed to identify the universe of finance companies eligible for potential inclusion in the FR 3033s and to enable the stratification of the sample for more statistically efficient estimation. The FR 3033p is currently composed of 7 questions to assess the company’s asset size, level of loan and lease activity, company structure, and licensing authority. Report title: Survey of Finance Companies. Agency form number: FR 3033s. OMB control number: 7100–0277. Frequency: Quinquennially. Respondents: Finance companies. Estimated number of respondents: 900. Estimated average hours per response: 1. Estimated annual burden hours: 900. General description of report: From the universe of finance companies identified by the Census of Finance Companies and Other Lenders (FR 3033p), a sample of finance companies will be invited to fill out FR 3033s. From these finance companies, the FR 3033s survey collects balance sheet data on major categories of consumer and business credit receivables and major liabilities. In addition, the survey may be used to gather information on topics that are pertinent to increasing the Federal Reserve’s understanding of the finance companies. Proposed revisions: Board staff proposes to revise the FR 3033s to improve clarity, simplify the form overall, and collect additional information on the COVID–19 impacts on lending activities. The Board is not proposing any revisions to the FR 3033p at this time. The FR 3033s revisions, which would be effective for the proposed September 2021 survey date, include: A. Removals • Removing the off-balance-sheet securitizations column on the balance sheet, which encompasses 20 items. • Removing question 7.C (nonrecourse debt associated with financing activities). • Removing questions 12.A–12.D, as they were special topic questions added for the 2015 survey. E:\FR\FM\25MYN1.SGM 25MYN1 Federal Register / Vol. 86, No. 99 / Tuesday, May 25, 2021 / Notices jbell on DSKJLSW7X2PROD with NOTICES • Removing the question soliciting comments or explanations from the respondents. as to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates.1 Under section 12A of the FRA, the B. Revisions Federal Open Market Committee is • Revising general survey instructions required to implement regulations and item descriptions for clarity. relating to the open market operations • Revising the benchmark date to conducted by Federal Reserve Banks June 30, 2021. with a view to accommodating • Renumbering items 7.E–7.G to commerce and business and with regard items 7.D–7.F. to their bearing upon the general credit • Revising question 7.D to ‘‘Notes, situation of the country.2 Information Bonds, Debentures, and Other Debt’’ collected from the FR 3033p and FR and renumbering it to 7.C. This is to be 3033s is used to fulfill these obligations. consistent with the information The FR 3033p and FR 3033s are collected on the FR 2248. voluntary. The information collected • Revising question 11.B to ‘‘Total pursuant to the FR 3033p and FR 3033s number of accounts for domestic is confidential pursuant to exemption 4 business and real estate receivables.’’ of the Freedom of Information Act,3 which protects information that is both C. Additions customarily and actually treated as • Adding an item for ‘‘Student private by the respondent. Loans’’ in section 3.B. as question 3.B.3 Board of Governors of the Federal Reserve and renumbering ‘‘Other Consumer System, May 20, 2021. Loans’’ as question 3.B.4. This is to closer align the information collected on Michele Taylor Fennell, Deputy Associate Secretary of the Board. the FR 3033s with the FR 2248. • Adding a Question 12 to collect [FR Doc. 2021–11060 Filed 5–24–21; 8:45 am] detailed information on types of BILLING CODE 6210–01–P consumer credit that finance companies offer. This question is useful to assess the extent of offerings of consumer FEDERAL RESERVE SYSTEM credit products by the finance company Proposed Agency Information industry. This also makes it feasible to Collection Activities; Comment identify specialty finance companies Request and facilitate analysis of profitability at such companies. AGENCY: Board of Governors of the • Adding a Question 13 with 3 subFederal Reserve System. items to collect lending information ACTION: Notice, request for comment. related to the COVID–19 impacts. Given that the Survey of Finance Companies SUMMARY: The Board of Governors of the and Other Lenders falls during the time Federal Reserve System (Board) invites in which the United States economy has comment on a proposal to extend for been impacted by the effects of the three years, with revision, the New Hire COVID–19 pandemic, it is useful to Information Collection (FR 27; OMB No. collect lending information related to 7100–0375). this unforeseen event. The need for DATES: Comments must be submitted on economic relief has been at the forefront or before July 26, 2021. of this pandemic. Many financial firms ADDRESSES: You may submit comments, have already been approved to identified by FR 27, by any of the participate in the SBA’s Paycheck following methods: Protection Program (PPP) to lend to • Agency Website: https:// small businesses in need and have been www.federalreserve.gov/. Follow the doing so. Additionally, some of these instructions for submitting comments at firms are actively advertising their https://www.federalreserve.gov/apps/ lending relief options to the public. foia/proposedregs.aspx. There may be value in assessing any • Email: regs.comments@ COVID–19 relief lending by these firms. federalreserve.gov. Include the OMB Legal authorization and number in the subject line of the confidentiality: The FR 3033p and FR message. 3033s are authorized pursuant to • Fax: (202) 452–3819 or (202) 452– sections 2A and 12A of the Federal 3102. Reserve Act (FRA). Section 2A of the • Mail: Ann E. Misback, Secretary, FRA requires that the Board and the Board of Governors of the Federal Federal Open Market Committee Reserve System, 20th Street and maintain long-run growth of the monetary and credit aggregates 1 12 U.S.C. 225a. 2 12 U.S.C. 263. commensurate with the economy’s long 3 5 U.S.C. 552(b)(4). run potential to increase production, so VerDate Sep<11>2014 18:09 May 24, 2021 Jkt 253001 PO 00000 Frm 00055 Fmt 4703 Sfmt 4703 28107 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. 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. SUPPLEMENTARY INFORMATION: E:\FR\FM\25MYN1.SGM 25MYN1

Agencies

[Federal Register Volume 86, Number 99 (Tuesday, May 25, 2021)]
[Notices]
[Pages 28105-28107]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-11060]


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FEDERAL RESERVE SYSTEM


Proposed Agency Information Collection Activities; Comment 
Request

AGENCY: Board of Governors of the Federal Reserve System.

[[Page 28106]]


ACTION: Notice, request for comment.

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SUMMARY: The Board of Governors of the Federal Reserve System (Board) 
invites comment on a proposal to extend for three years, with revision, 
the Census of Finance Companies and Survey of Finance Companies (FR 
3033p and FR 3033s; OMB No. 7100-0277).

DATES: Comments must be submitted on or before July 26, 2021.

ADDRESSES: You may submit comments, identified by FR 3033p or FR 3033s, 
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, With 
Revision, the Following Information Collections

    Report title: Census of Finance Companies and Other Lenders.
    Agency form number: FR 3033p.
    OMB control number: 7100-0277.
    Frequency: Quinquennially.
    Respondents: Finance companies.
    Estimated number of respondents: 12,800.
    Estimated average hours per response: 0.33.
    Estimated annual burden hours: 4,224.
    General description of report: The FR 3033p is a census survey 
designed to identify the universe of finance companies eligible for 
potential inclusion in the FR 3033s and to enable the stratification of 
the sample for more statistically efficient estimation. The FR 3033p is 
currently composed of 7 questions to assess the company's asset size, 
level of loan and lease activity, company structure, and licensing 
authority.
    Report title: Survey of Finance Companies.
    Agency form number: FR 3033s.
    OMB control number: 7100-0277.
    Frequency: Quinquennially.
    Respondents: Finance companies.
    Estimated number of respondents: 900.
    Estimated average hours per response: 1.
    Estimated annual burden hours: 900.
    General description of report: From the universe of finance 
companies identified by the Census of Finance Companies and Other 
Lenders (FR 3033p), a sample of finance companies will be invited to 
fill out FR 3033s. From these finance companies, the FR 3033s survey 
collects balance sheet data on major categories of consumer and 
business credit receivables and major liabilities. In addition, the 
survey may be used to gather information on topics that are pertinent 
to increasing the Federal Reserve's understanding of the finance 
companies.
    Proposed revisions: Board staff proposes to revise the FR 3033s to 
improve clarity, simplify the form overall, and collect additional 
information on the COVID-19 impacts on lending activities. The Board is 
not proposing any revisions to the FR 3033p at this time. The FR 3033s 
revisions, which would be effective for the proposed September 2021 
survey date, include:

A. Removals

     Removing the off-balance-sheet securitizations column on 
the balance sheet, which encompasses 20 items.
     Removing question 7.C (non-recourse debt associated with 
financing activities).
     Removing questions 12.A-12.D, as they were special topic 
questions added for the 2015 survey.

[[Page 28107]]

     Removing the question soliciting comments or explanations 
from the respondents.

B. Revisions

     Revising general survey instructions and item descriptions 
for clarity.
     Revising the benchmark date to June 30, 2021.
     Renumbering items 7.E-7.G to items 7.D-7.F.
     Revising question 7.D to ``Notes, Bonds, Debentures, and 
Other Debt'' and renumbering it to 7.C. This is to be consistent with 
the information collected on the FR 2248.
     Revising question 11.B to ``Total number of accounts for 
domestic business and real estate receivables.''

C. Additions

     Adding an item for ``Student Loans'' in section 3.B. as 
question 3.B.3 and renumbering ``Other Consumer Loans'' as question 
3.B.4. This is to closer align the information collected on the FR 
3033s with the FR 2248.
     Adding a Question 12 to collect detailed information on 
types of consumer credit that finance companies offer. This question is 
useful to assess the extent of offerings of consumer credit products by 
the finance company industry. This also makes it feasible to identify 
specialty finance companies and facilitate analysis of profitability at 
such companies.
     Adding a Question 13 with 3 sub-items to collect lending 
information related to the COVID-19 impacts. Given that the Survey of 
Finance Companies and Other Lenders falls during the time in which the 
United States economy has been impacted by the effects of the COVID-19 
pandemic, it is useful to collect lending information related to this 
unforeseen event. The need for economic relief has been at the 
forefront of this pandemic. Many financial firms have already been 
approved to participate in the SBA's Paycheck Protection Program (PPP) 
to lend to small businesses in need and have been doing so. 
Additionally, some of these firms are actively advertising their 
lending relief options to the public. There may be value in assessing 
any COVID-19 relief lending by these firms.
    Legal authorization and confidentiality: The FR 3033p and FR 3033s 
are authorized pursuant to sections 2A and 12A of the Federal Reserve 
Act (FRA). Section 2A of the FRA 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.\1\ Under section 12A of the FRA, the Federal Open 
Market Committee is required to implement regulations relating to the 
open market operations conducted by Federal Reserve Banks with a view 
to accommodating commerce and business and with regard to their bearing 
upon the general credit situation of the country.\2\ Information 
collected from the FR 3033p and FR 3033s is used to fulfill these 
obligations.
---------------------------------------------------------------------------

    \1\ 12 U.S.C. 225a.
    \2\ 12 U.S.C. 263.
---------------------------------------------------------------------------

    The FR 3033p and FR 3033s are voluntary. The information collected 
pursuant to the FR 3033p and FR 3033s is confidential pursuant to 
exemption 4 of the Freedom of Information Act,\3\ which protects 
information that is both customarily and actually treated as private by 
the respondent.
---------------------------------------------------------------------------

    \3\ 5 U.S.C. 552(b)(4).

    Board of Governors of the Federal Reserve System, May 20, 2021.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2021-11060 Filed 5-24-21; 8:45 am]
BILLING CODE 6210-01-P
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