Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 54974-54975 [2021-21597]

Download as PDF 54974 Federal Register / Vol. 86, No. 190 / Tuesday, October 5, 2021 / Notices Board of Governors of the Federal Reserve System, September 29, 2021. Michele Taylor Fennell, Deputy Associate Secretary of the Board. [FR Doc. 2021–21596 Filed 10–4–21; 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, with revision, the Supervisory and Regulatory Survey (FR 3052; OMB No. 7100–0322). 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 for the Federal Reserve Board, 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 Paperwork Reduction Act (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.federalreserve.gov/apps/ reportforms/review.aspx or may be requested from the agency clearance officer, whose name appears above. lotter on DSK11XQN23PROD with NOTICES1 AGENCY: Final Approval Under OMB Delegated Authority of the Extension for Three Years, Without Revision, of the Following Information Collection Report title: The Supervisory and Regulatory Survey. Agency form number: FR 3052. VerDate Sep<11>2014 18:56 Oct 04, 2021 Jkt 256001 OMB control number: 7100–0322. Frequency: On occasion. Respondents: May include bank holding companies, state member banks, savings and loan holding companies, intermediate holding companies, U.S. branches and agencies of foreign banking organizations (FBOs), Edge Act and agreement corporations, nonbank financial companies that the Financial Stability Oversight Council has determined should be supervised by the Board, and the combined domestic operations of FBOs. Estimated number of respondents: 5,000. Estimated average hours per response: 0.5. Estimated annual burden hours: 60,000. General description of report: The FR 3052 collects information from financial institutions specifically tailored to the Federal Reserve’s supervisory, regulatory, and operational responsibilities. The Board utilizes the survey process, as needed, to collect information on specific issues that affect its decision making. The principal value of the FR 3052 is the flexibility it provides the Federal Reserve to respond quickly to the need for data due to unanticipated economic, financial, supervisory, or regulatory developments. The Board cannot predict what specific information will be needed, but such needs are generally very time-sensitive. Because the relevant questions may change with each survey, there is no fixed reporting form. Past surveys have collected information related to energy lending exposure, cloud-based data exchange services, regulatory capital, Comprehensive Capital Analysis and Review, operational risk loss event history, transactions by government securities dealers, and small debit card issuers. Written qualitative questions or questionnaires may include categorical questions, yes-no questions, ordinal questions, and open-ended questions. Written quantitative surveys may include dollar amounts, percentages, numbers of items, interest rates, and other such information. Institutions might also be asked to provide copies of existing documents (for example, pertaining to practices and performances for a particular business activity). Before conducting a survey, the Board reviews any information to be collected to determine if the information is available by other means. Legal authorization and confidentiality: The FR 3052 is authorized by a number of statutes authorizing the Board to require reports PO 00000 Frm 00059 Fmt 4703 Sfmt 4703 of condition from institutions subject to its supervision. These include section 9 of the Federal Reserve Act (FRA),1 section 5 of the Bank Holding Company Act,2 section 10 of the Home Owners’ Loan Act,3 section 7 of the International Banking Act (IBA),4 section 8 of the IBA,5 sections 25 and 25A of the FRA,6 and section 161 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.7 Survey submissions under the FR 3052 are voluntary. The questions asked on each survey will vary. The Board’s ability to keep confidential responses to the FR 3052 must therefore be determined on a caseby-case basis. Much of the information collected is likely to constitute nonpublic commercial or financial information, which is both customarily and actually treated as private by the respondent, and may be kept confidential by the Board pursuant to exemption 4 of the Freedom of Information Act (FOIA).8 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 the FOIA.9 Responses to the FR 3052 are tabulated and summarized at the Board. This aggregate information is not considered confidential, and aggregate survey information may be cited in published material such as Board studies or working papers, professional journals, the Federal Reserve Bulletin, testimony and reports to the Congress, or other vehicles. 1 12 U.S.C. 324 (requiring state member banks to make reports of condition ‘‘in such form and [containing] such information as the Board of Governors of the Federal Reserve System may require’’). 2 12 U.S.C. 1844(c)(1)(A) (authorizing the Board to require a bank holding company and any subsidiary thereof to submit reports regarding financial condition and compliance). 3 12 U.S.C. 1467a(b)(2) (authorizing the Board to require a savings and loan holding company and any subsidiary thereof to submit reports containing such information concerning the operation of the company or its subsidiaries as the Board may require). 4 12 U.S.C. 3105(c)(2) (subjecting each branch or agency of a foreign bank to the provisions of 12 U.S.C. 324 requiring reports of financial condition as if it were a state member bank). 5 12 U.S.C. 3106(a) (generally subjecting foreign banking organizations to the Bank Holding Company Act). 6 12 U.S.C. 602 and 625 (requiring Edge and agreement corporations to ‘‘make reports to the Board of Governors of the Federal Reserve System at such times and in such form as it may require’’). 7 12 U.S.C. 5361 (authorizing the Board to require reports of financial condition and compliance from nonbank financial companies subject to the Board’s supervision). 8 5 U.S.C. 552(b)(4). 9 5 U.S.C. 552(b)(8). E:\FR\FM\05OCN1.SGM 05OCN1 Federal Register / Vol. 86, No. 190 / Tuesday, October 5, 2021 / Notices Current actions: On May 26, 2021, the Board published a notice in the Federal Register (86 FR 28344) requesting public comment for 60 days on the extension, without revision, of the Supervisory and Regulatory Survey (FR 3052). The comment period for this notice expired on July 26, 2021. The Board did not receive any comments. Board of Governors of the Federal Reserve System, September 29, 2021. Michele Taylor Fennell, Deputy Associate Secretary of the Board. [FR Doc. 2021–21597 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: The Board of Governors of the Federal Reserve System (Board) invites comment on a proposal to extend for three years, with revision, the Weekly Report of Selected Assets and Liabilities of Domestically Chartered Commercial Banks and U.S. Branches and Agencies of Foreign Banks (FR 2644; OMB No. 7100–0075). DATES: Comments must be submitted on or before December 6, 2021. ADDRESSES: You may submit comments, identified by FR 2644, 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 or FR 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 confidential business information, identifying information, or contact information. Public comments may also be viewed lotter on DSK11XQN23PROD with NOTICES1 SUMMARY: VerDate Sep<11>2014 18:56 Oct 04, 2021 Jkt 256001 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 for the Federal Reserve Board, 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 Paperwork Reduction Act (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. During the comment period for this proposal, a copy of the proposed PRA OMB submission, including the draft reporting form and instructions, supporting statement, and other documentation, will 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. Final versions of these documents will be made available at https:// www.reginfo.gov/public/do/PRAMain, if approved. 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: PO 00000 Frm 00060 Fmt 4703 Sfmt 4703 54975 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: Weekly Report of Selected Assets and Liabilities of Domestically Chartered Commercial Banks and U.S. Branches and Agencies of Foreign Banks. Agency form number: FR 2644. OMB control number: 7100–0075. Frequency: Weekly. Respondents: Domestically chartered commercial banks and U.S. branches and agencies of foreign banks. Estimated number of respondents: 850. Estimated average hours per response: 2.19. Estimated annual burden hours: 96,798. General description of report: The FR 2644 is a balance sheet report that is collected as of each Wednesday from an authorized stratified sample of 875 domestically chartered commercial banks and U.S. branches and agencies of foreign banks. The FR 2644 is the only source of high-frequency data used in the analysis of current banking developments. The FR 2644 collects sample data that are used to estimate universe levels for the entire commercial banking sector in conjunction with data from the quarterly commercial bank Consolidated Reports of Condition and Income (FFIEC 031, FFIEC 041, and FFIEC 051; OMB No. 7100–0036) and the Report of Assets and Liabilities of U.S. Branches and Agencies of Foreign Banks (FFIEC 002; E:\FR\FM\05OCN1.SGM 05OCN1

Agencies

[Federal Register Volume 86, Number 190 (Tuesday, October 5, 2021)]
[Notices]
[Pages 54974-54975]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-21597]


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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 
Supervisory and Regulatory Survey (FR 3052; OMB No. 7100-0322).

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 for the Federal 
Reserve Board, 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 Paperwork Reduction Act (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: The Supervisory and Regulatory Survey.
    Agency form number: FR 3052.
    OMB control number: 7100-0322.
    Frequency: On occasion.
    Respondents: May include bank holding companies, state member 
banks, savings and loan holding companies, intermediate holding 
companies, U.S. branches and agencies of foreign banking organizations 
(FBOs), Edge Act and agreement corporations, nonbank financial 
companies that the Financial Stability Oversight Council has determined 
should be supervised by the Board, and the combined domestic operations 
of FBOs.
    Estimated number of respondents: 5,000.
    Estimated average hours per response: 0.5.
    Estimated annual burden hours: 60,000.
    General description of report: The FR 3052 collects information 
from financial institutions specifically tailored to the Federal 
Reserve's supervisory, regulatory, and operational responsibilities. 
The Board utilizes the survey process, as needed, to collect 
information on specific issues that affect its decision making. The 
principal value of the FR 3052 is the flexibility it provides the 
Federal Reserve to respond quickly to the need for data due to 
unanticipated economic, financial, supervisory, or regulatory 
developments. The Board cannot predict what specific information will 
be needed, but such needs are generally very time-sensitive. Because 
the relevant questions may change with each survey, there is no fixed 
reporting form. Past surveys have collected information related to 
energy lending exposure, cloud-based data exchange services, regulatory 
capital, Comprehensive Capital Analysis and Review, operational risk 
loss event history, transactions by government securities dealers, and 
small debit card issuers.
    Written qualitative questions or questionnaires may include 
categorical questions, yes-no questions, ordinal questions, and open-
ended questions. Written quantitative surveys may include dollar 
amounts, percentages, numbers of items, interest rates, and other such 
information. Institutions might also be asked to provide copies of 
existing documents (for example, pertaining to practices and 
performances for a particular business activity). Before conducting a 
survey, the Board reviews any information to be collected to determine 
if the information is available by other means.
    Legal authorization and confidentiality: The FR 3052 is authorized 
by a number of statutes authorizing the Board to require reports of 
condition from institutions subject to its supervision. These include 
section 9 of the Federal Reserve Act (FRA),\1\ section 5 of the Bank 
Holding Company Act,\2\ section 10 of the Home Owners' Loan Act,\3\ 
section 7 of the International Banking Act (IBA),\4\ section 8 of the 
IBA,\5\ sections 25 and 25A of the FRA,\6\ and section 161 of the Dodd-
Frank Wall Street Reform and Consumer Protection Act.\7\ Survey 
submissions under the FR 3052 are voluntary.
---------------------------------------------------------------------------

    \1\ 12 U.S.C. 324 (requiring state member banks to make reports 
of condition ``in such form and [containing] such information as the 
Board of Governors of the Federal Reserve System may require'').
    \2\ 12 U.S.C. 1844(c)(1)(A) (authorizing the Board to require a 
bank holding company and any subsidiary thereof to submit reports 
regarding financial condition and compliance).
    \3\ 12 U.S.C. 1467a(b)(2) (authorizing the Board to require a 
savings and loan holding company and any subsidiary thereof to 
submit reports containing such information concerning the operation 
of the company or its subsidiaries as the Board may require).
    \4\ 12 U.S.C. 3105(c)(2) (subjecting each branch or agency of a 
foreign bank to the provisions of 12 U.S.C. 324 requiring reports of 
financial condition as if it were a state member bank).
    \5\ 12 U.S.C. 3106(a) (generally subjecting foreign banking 
organizations to the Bank Holding Company Act).
    \6\ 12 U.S.C. 602 and 625 (requiring Edge and agreement 
corporations to ``make reports to the Board of Governors of the 
Federal Reserve System at such times and in such form as it may 
require'').
    \7\ 12 U.S.C. 5361 (authorizing the Board to require reports of 
financial condition and compliance from nonbank financial companies 
subject to the Board's supervision).
---------------------------------------------------------------------------

    The questions asked on each survey will vary. The Board's ability 
to keep confidential responses to the FR 3052 must therefore be 
determined on a case-by-case basis. Much of the information collected 
is likely to constitute nonpublic commercial or financial information, 
which is both customarily and actually treated as private by the 
respondent, and may be kept confidential by the Board pursuant to 
exemption 4 of the Freedom of Information Act (FOIA).\8\ 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 the FOIA.\9\ Responses to the FR 3052 are 
tabulated and summarized at the Board. This aggregate information is 
not considered confidential, and aggregate survey information may be 
cited in published material such as Board studies or working papers, 
professional journals, the Federal Reserve Bulletin, testimony and 
reports to the Congress, or other vehicles.
---------------------------------------------------------------------------

    \8\ 5 U.S.C. 552(b)(4).
    \9\ 5 U.S.C. 552(b)(8).

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[[Page 54975]]

    Current actions: On May 26, 2021, the Board published a notice in 
the Federal Register (86 FR 28344) requesting public comment for 60 
days on the extension, without revision, of the Supervisory and 
Regulatory Survey (FR 3052). The comment period for this notice expired 
---------------------------------------------------------------------------
on July 26, 2021. The Board did not receive any comments.

    Board of Governors of the Federal Reserve System, September 29, 
2021.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2021-21597 Filed 10-4-21; 8:45 am]
BILLING CODE 6210-01-P
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