Proposed Agency Information Collection Activities; Comment Request, 54978-54979 [2021-21593]
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54978
Federal Register / Vol. 86, No. 190 / Tuesday, October 5, 2021 / Notices
lotter on DSK11XQN23PROD with NOTICES1
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,
Without Revision, the Following
Information Collection
Report title: Application Form for
Membership on the Community
Advisory Committee Council.
Agency form number: FR 1401.
OMB control number: 7100–0371.
Frequency: Annually.
Respondents: Any person seeking to
be considered for membership on the
Community Advisory Committee (CAC)
Council.
Estimated number of respondents:
300.
Estimated average hours per response:
1.
Estimated annual burden hours: 300.
General description of report: The
CAC Application (Application) is used
to obtain information about the
experience and qualification of persons
seeking to be considered for
membership on the CAC of the Board.
The Application collects an applicant’s
contact information; details regarding
current employment and areas of
expertise; a resume, which typically
includes information about employment
history, education, and training; and a
cover letter explaining why the
applicant is interested in serving on the
CAC and what he or she believes are
their primary qualifications. Applicants
can voluntarily elect to provide
additional information to support their
application.
Legal authorization and
confidentiality: The Application is
VerDate Sep<11>2014
18:56 Oct 04, 2021
Jkt 256001
authorized pursuant to sections 2A and
10 of the Federal Reserve Act (FRA).1
Section 2A of the FRA requires the
Board and Federal Open Market
Committee to 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.2
Section 10 of the FRA authorizes the
Board to ‘‘determine and prescribe the
manner in which its obligations shall be
incurred and its disbursements and
expenses allowed and paid.’’ 3
Providing information collected as
part of the Application is required to
obtain a benefit.
Generally, information provided on
the Application may be kept
confidential from the public under
exemption 6 of the Freedom of
Information Act (FOIA) to the extent
that the disclosure of the information
‘‘would constitute a clearly unwarranted
invasion of personal privacy.’’ For
example, the release of information such
as the applicant’s address, home
telephone number, or personal email
address to the public would likely
constitute a clearly unwarranted
invasion of personal privacy and be kept
confidential. However, the release of
information such as the educational and
professional qualifications of successful
applicants would not likely constitute a
clearly unwarranted invasion of
personal privacy and may be disclosed
under the FOIA. In addition, once a
person becomes a member of the CAC,
their name, and the name and location
of the organization where they are
employed, would generally be listed on
the Board’s public website.
Board of Governors of the Federal Reserve
System, September 29, 2021.
Michele Taylor Fennell, Deputy Associate
Secretary of the Board.
[FR Doc. 2021–21594 Filed 10–4–21; 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:
1 12
U.S.C. 225a and 244.
U.S.C. 225a.
3 12 U.S.C. 244. This authority permits the Board
to collect personal information (e.g., bank account
routing numbers) needed to disburse travel funds to
CAC members.
2 12
PO 00000
Frm 00063
Fmt 4703
Sfmt 4703
The Board of Governors of the
Federal Reserve System (Board) invites
comment on a proposal to extend for
three years, with revision, the
Disclosure Requirements of Subpart H
of Regulation H (Consumer Protection in
Sales of Insurance) (FR H–7; OMB No.
7100–0298).
DATES: Comments must be submitted on
or before December 6, 2021.
ADDRESSES: You may submit comments,
identified by FR H–7, 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.
SUMMARY:
E:\FR\FM\05OCN1.SGM
05OCN1
Federal Register / Vol. 86, No. 190 / Tuesday, October 5, 2021 / Notices
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:
lotter on DSK11XQN23PROD with NOTICES1
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.
VerDate Sep<11>2014
18:56 Oct 04, 2021
Jkt 256001
Proposal Under OMB Delegated
Authority To Extend for Three Years,
With Revision, the Following
Information Collection
Report title: Disclosure Requirements
of Subpart H of Regulation H (Consumer
Protection in Sales of Insurance).
Agency form number: FR H–7.
OMB control number: 7100–0298.
Frequency: On occasion.
Respondents: State member banks or
any other person at an office of a bank
or on behalf of a bank (collectively,
Covered Persons).
Estimated number of respondents:
Insurance and extension of credit, 341;
advertisements, 341.
Estimated average hours per response:
Insurance and extension of credit, 1.5
minutes; advertisements, 25 minutes.
Estimated annual burden hours:
Insurance and extension of credit, 5,371;
advertisements, 142.
General description of report: The
insurance consumer protection rules in
Regulation H require depository
institutions to prepare and provide
certain disclosures to consumers. The
disclosure requirements are codified at
12 CFR 208.81 et seq. and require
Covered Persons to make certain
disclosures: Before the completion of
the initial purchase of an insurance
product or annuity by a consumer; at
the time a consumer applies for an
extension of credit in connection with
which an insurance product or annuity
is solicited, offered, or sold; and in
advertisements and promotional
materials for insurance products or
annuities.
Proposed revisions: The Board
proposes to revise the FR H–7
information collection to account for the
advertisements and promotional
materials disclosure requirement in
Regulation H, Subpart H, that has not
been previously cleared by the Board
under the PRA. The Board is not
proposing to create any forms associated
with the FR H–7 to address this
requirement.
Legal authorization and
confidentiality: The Disclosure
Requirements of Subpart H of
Regulation H are authorized by section
305 of the Gramm-Leach-Bliley Act of
1999 (GLBA), which requires that the
Board issue regulations, including
disclosure requirements, applicable to
retail sales practices, solicitations,
advertising, or offers of insurance by
depository institutions.1 The disclosures
1 12 U.S.C. 1831x. The Board also has the
authority to require reports from state member
banks. 12 U.S.C. 248(a) and 324.
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Frm 00064
Fmt 4703
Sfmt 4703
54979
required under Subpart H of Regulation
H are mandatory.
Because the FR H–7 disclosures are
provided by state member banks to
customers, confidentiality issues should
generally not arise. In the event the
records are obtained by the Board as
part of the examination or supervision
of a financial institution, this
information may be considered
confidential pursuant to exemption 8 of
the Freedom of Information Act, which
protects information contained in
‘‘examination, operating, or condition
reports’’ obtained in the bank
supervisory process.2
Consultation outside the agency: The
Board consulted with the other federal
banking agencies with similar
regulations pursuant to section 305 of
the GLBA.
Board of Governors of the Federal Reserve
System, September 29, 2021.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2021–21593 Filed 10–4–21; 8:45 am]
BILLING CODE 6210–01–P
FEDERAL RESERVE SYSTEM
Change in Bank Control Notices;
Acquisitions of Shares of a Bank or
Bank Holding Company
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,
25
U.S.C. 552(b)(8).
E:\FR\FM\05OCN1.SGM
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]]>Agencies
[Federal Register Volume 86, Number 190 (Tuesday, October 5, 2021)]
[Notices]
[Pages 54978-54979]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-21593]
-----------------------------------------------------------------------
FEDERAL RESERVE SYSTEM
Proposed Agency Information Collection Activities; Comment
Request
AGENCY: Board of Governors of the Federal Reserve System.
ACTION: Notice, request for comment.
-----------------------------------------------------------------------
SUMMARY: The Board of Governors of the Federal Reserve System (Board)
invites comment on a proposal to extend for three years, with revision,
the Disclosure Requirements of Subpart H of Regulation H (Consumer
Protection in Sales of Insurance) (FR H-7; OMB No. 7100-0298).
DATES: Comments must be submitted on or before December 6, 2021.
ADDRESSES: You may submit comments, identified by FR H-7, 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.
[[Page 54979]]
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 Collection
Report title: Disclosure Requirements of Subpart H of Regulation H
(Consumer Protection in Sales of Insurance).
Agency form number: FR H-7.
OMB control number: 7100-0298.
Frequency: On occasion.
Respondents: State member banks or any other person at an office of
a bank or on behalf of a bank (collectively, Covered Persons).
Estimated number of respondents: Insurance and extension of credit,
341; advertisements, 341.
Estimated average hours per response: Insurance and extension of
credit, 1.5 minutes; advertisements, 25 minutes.
Estimated annual burden hours: Insurance and extension of credit,
5,371; advertisements, 142.
General description of report: The insurance consumer protection
rules in Regulation H require depository institutions to prepare and
provide certain disclosures to consumers. The disclosure requirements
are codified at 12 CFR 208.81 et seq. and require Covered Persons to
make certain disclosures: Before the completion of the initial purchase
of an insurance product or annuity by a consumer; at the time a
consumer applies for an extension of credit in connection with which an
insurance product or annuity is solicited, offered, or sold; and in
advertisements and promotional materials for insurance products or
annuities.
Proposed revisions: The Board proposes to revise the FR H-7
information collection to account for the advertisements and
promotional materials disclosure requirement in Regulation H, Subpart
H, that has not been previously cleared by the Board under the PRA. The
Board is not proposing to create any forms associated with the FR H-7
to address this requirement.
Legal authorization and confidentiality: The Disclosure
Requirements of Subpart H of Regulation H are authorized by section 305
of the Gramm-Leach-Bliley Act of 1999 (GLBA), which requires that the
Board issue regulations, including disclosure requirements, applicable
to retail sales practices, solicitations, advertising, or offers of
insurance by depository institutions.\1\ The disclosures required under
Subpart H of Regulation H are mandatory.
---------------------------------------------------------------------------
\1\ 12 U.S.C. 1831x. The Board also has the authority to require
reports from state member banks. 12 U.S.C. 248(a) and 324.
---------------------------------------------------------------------------
Because the FR H-7 disclosures are provided by state member banks
to customers, confidentiality issues should generally not arise. In the
event the records are obtained by the Board as part of the examination
or supervision of a financial institution, this information may be
considered confidential pursuant to exemption 8 of the Freedom of
Information Act, which protects information contained in ``examination,
operating, or condition reports'' obtained in the bank supervisory
process.\2\
---------------------------------------------------------------------------
\2\ 5 U.S.C. 552(b)(8).
---------------------------------------------------------------------------
Consultation outside the agency: The Board consulted with the other
federal banking agencies with similar regulations pursuant to section
305 of the GLBA.
Board of Governors of the Federal Reserve System, September 29,
2021.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2021-21593 Filed 10-4-21; 8:45 am]
BILLING CODE 6210-01-P
