Proposed Agency Information Collection Activities; Comment Request, 69643-69645 [2021-26325]

Download as PDF Federal Register / Vol. 86, No. 233 / Wednesday, December 8, 2021 / Notices system of records to which the request relates; (3) a description of the information sought to be corrected or amended and the specific reasons for the correction or amendment; and (4) proof of identity A full description of EPA’s Privacy Act procedures for the correction or amendment of a record are described in EPA’s Privacy Act regulations at 40 CFR part 16. NOTIFICATION PROCEDURE: Individuals who wish to be informed whether a Privacy Act system of records maintained by EPA contains any record pertaining to them, should make a written request to the EPA, Attn: Agency Privacy Officer, MC 2831T, 1200 Pennsylvania Ave. NW, Washington, DC 20460, privacy@ epa.gov. EXEMPTIONS PROMULGATED FOR THE SYSTEM: None. HISTORY: The original system of records notice for RAMS was published in the Federal Register on July 8, 2019 (84 FR 32456– 32460). Vaughn Noga, Senior Agency Official for Privacy. [FR Doc. 2021–26432 Filed 12–7–21; 8:45 am] BILLING CODE 6560–50–P FEDERAL COMMUNICATIONS COMMISSION [OMB 3060–0076; FR ID 61144] Information Collection Being Reviewed by the Federal Communications Commission Under Delegated Authority Federal Communications Commission. ACTION: Notice and request for comments. AGENCY: As part of its continuing effort to reduce paperwork burdens, and as required by the Paperwork Reduction Act (PRA) of 1995, the Federal Communications Commission (FCC or the Commission) invites the general public and other Federal agencies to take this opportunity to comment on the following information collection. Comments are requested concerning: Whether the proposed collection of information is necessary for the proper performance of the functions of the Commission, including whether the information shall have practical utility; the accuracy of the Commission’s burden estimate; ways to enhance the quality, utility, and clarity of the jspears on DSK121TN23PROD with NOTICES1 SUMMARY: VerDate Sep<11>2014 16:53 Dec 07, 2021 Jkt 256001 information collected; ways to minimize the burden of the collection of information on the respondents, including the use of automated collection techniques or other forms of information technology; and ways to further reduce the information collection burden on small business concerns with fewer than 25 employees. The FCC may not conduct or sponsor a collection of information unless it displays a currently valid control number. No person shall be subject to any penalty for failing to comply with a collection of information subject to the PRA that does not display a valid Office of Management and Budget (OMB) control number. DATES: Written PRA comments should be submitted on or before February 7, 2022. If you anticipate that you will be submitting comments, but find it difficult to do so within the period of time allowed by this notice, you should advise the contact listed below as soon as possible. ADDRESSES: Direct all PRA comments to Nicole Ongele, FCC, via email PRA@ fcc.gov and to nicole.ongele@fcc.gov. FOR FURTHER INFORMATION CONTACT: For additional information about the information collection, contact Nicole Ongele, (202) 418–2991. SUPPLEMENTARY INFORMATION: OMB Control Number: 3060–0076. Title: Common Carrier Annual Employment Report. Form Number: FCC Form 395. Type of Review: Extension of a currently approved collection. Respondents: Business or other forprofit entities. Number of Respondents and Responses: 521 respondents; 521 responses. Estimated Time per Response: 1 hour. Frequency of Response: Annual reporting requirement and recordkeeping requirement. Obligation to Respond: Required to obtain or retain benefits. Statutory authority for this information collection is contained in 47 U.S.C. 154(i), 303, and 307–310 of the Communications Act of 1934, as amended. Total Annual Burden: 521 hours. Total Annual Cost: No cost. Privacy Act Impact Assessment: No impact(s). Nature and Extent of Confidentiality: The respondents are instructed on the appropriate procedures to follow to safeguard information deemed confidential under 47 CFR 0.457 of the Commission’s rules, which details the type of records that are not routinely available for public inspection. Section 0.459 of the Commission’s rules PO 00000 Frm 00033 Fmt 4703 Sfmt 4703 69643 contains procedures for requesting that material and information submitted to the Commission be withheld from public inspection. Needs and Uses: FCC Report 395, Common Carrier Annual Employment Report, is a data collection mechanism to implement the FCC’s Equal Employment Opportunity (EEO) rules. All common carrier licensees or permittees with sixteen (16) or more full-time employees are required to file the Annual Employment Report. Each common carrier is also obligated to file with this Commission copies of all exhibits, letters, and documents pertaining to all equal employment opportunity statements and annual reports on complaints regarding violations of equal employment provisions of Federal, State, Territorial, or local law. Section 22.321(f), 47 CFR, requires each licensee to maintain these documents for a period of two years. The Annual Employment Report identifies each filer’s staff by gender, race, color, and/or national origin in each of ten major job categories. The report and all other EEOC documents are filed with the Commission to detail the applicant’s compliance with the Commission’s EEO rules. Data from these reports are available online so that users can easily locate data for a particular carrier and/or specific reporting years. Federal Communications Commission. Marlene Dortch, Secretary, Office of the Secretary. [FR Doc. 2021–26607 Filed 12–7–21; 8:45 am] BILLING CODE 6712–01–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, without revision, the Uniform Application for Municipal Securities Principal or Municipal Securities Representative Associated with a Bank Municipal Securities Dealer (Form MSD–4; OMB No. 7100–0100) and the Uniform Termination Notice for Municipal Securities Principal or Municipal Securities Representative Associated with a Bank Municipal Securities Dealer (Form MSD–5; OMB No. 7100–0101). SUMMARY: E:\FR\FM\08DEN1.SGM 08DEN1 69644 Federal Register / Vol. 86, No. 233 / Wednesday, December 8, 2021 / Notices Comments must be submitted on or before February 7, 2022. ADDRESSES: You may submit comments, identified by Form MSD–4 or Form MSD–5, 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 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: The Board invites comment on a proposal to extend for three years, without revision, the Uniform Application for Municipal jspears on DSK121TN23PROD with NOTICES1 DATES: VerDate Sep<11>2014 16:53 Dec 07, 2021 Jkt 256001 Securities Principal or Municipal Securities Representative Associated with a Bank Municipal Securities Dealer and the Uniform Termination Notice for Municipal Securities Principal or Municipal Securities Representative Associated with a Bank Municipal Securities Dealer.1 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 collections, which are being reviewed under authority delegated by the OMB under the PRA. Comments are invited on the following: a. Whether the proposed collections 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 collections, including the validity of the methodology and assumptions used; 1 As part of this clearance, the Board will clear the Form MSD–4 and Form MSD–5 under the Form MSD–4 OMB control number (7100–0100), and then discontinue the Form MSD–5’s separate OMB control number (7100–0101). This non-substantive change is aimed at simplifying the tracking and clearance process for the two related forms. This change would not modify the reporting or recordkeeping requirements of the forms in any way. The collection will then be titled ‘‘The Uniform Application and the Uniform Termination Notice for Municipal Securities Principal or Municipal Securities Representative Associated with a Bank Municipal Securities Dealer’’ (Form MSD–4 and Form MSD–5; 7100–0100). PO 00000 Frm 00034 Fmt 4703 Sfmt 4703 c. Ways to enhance the quality, utility, and clarity of the information to be collected; d. Ways to minimize the burden of information collections 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 Collections Report title: Uniform Application for Municipal Securities Principal or Municipal Securities Representative Associated with a Bank Municipal Securities Dealer. Agency form number: Form MSD–4. OMB control number: 7100–0100. Frequency: Event generated. Respondents: Each municipal securities dealer (MSD) that is a state member bank (SMB), bank holding company (BHC), or a savings and loan holding company (SLHC), certain subsidiaries of such firms, or a foreign dealer bank.2 Estimated number of respondents: Reporting, 13; Recordkeeping, 13. Estimated average hours per response: Reporting, 0.92; Recordkeeping, 0.08. Estimated annual burden hours: Reporting, 11.96; Recordkeeping, 1.04. General description of report: The Municipal Securities Rulemaking Board (MSRB) rule G–7, Information Concerning Associated Persons, requires persons who are or seek to be an associated person of an MSD, either as a municipal securities principal (a person performing supervisory functions) or representative (a person engaged in underwriting, trading, or sales of municipal securities or furnishing financial advice to issuers in connection with the issuance of municipal securities) or in any other manner set forth under the rule, to provide certain background information to the MSD. The rule also requires MSDs to obtain and report this information. MSDs for which the Board is the appropriate regulatory agency (ARA) must report to the Board information required by MSRB rule G– 7 using Form MSD–4. Generally, the information required by Form MSD–4 2 15 E:\FR\FM\08DEN1.SGM U.S.C. 78c(34)(A)(ii). 08DEN1 jspears on DSK121TN23PROD with NOTICES1 Federal Register / Vol. 86, No. 233 / Wednesday, December 8, 2021 / Notices relates to employment history and professional background, including any disciplinary sanctions, as well as any claimed basis for exemption from MSRB examination requirements. Certain information reported on Form MSD–4 is filled out by the employee, with the rest completed by the MSD. As required by MSRB rule G–7, bank municipal securities dealers must retain copies of Form MSD–4 for each associated person during the entire term of employment. Report title: Uniform Termination Notice for Municipal Securities Principal or Municipal Securities Representative Associated with a Bank Municipal Securities Dealer. Agency form number: Form MSD–5. OMB control number: 7100–0101. Frequency: Event generated. Respondents: Each MSD that is an SMB, BHC, or an SLHC, certain subsidiaries of such firms, or a foreign dealer bank.3 Estimated number of respondents: Reporting, 21; Recordkeeping, 21. Estimated average hours per response: Reporting, 0.16; Recordkeeping; 0.08. Estimated annual burden hours: Reporting, 3.36; Recordkeeping 1.68. General description of report: An MSD for which the Board is the ARA must file Form MSD–5 with the Board when any employee previously registered as a municipal securities principal or representative is terminated for any reason. Form MSD–5 requires information such as the reason for termination and whether any investigations or actions by agencies or self-regulatory organizations (SROs) involving the associated person occurred during the period of employment. Any SMB, BHC, or SLHC, as well as certain subsidiaries of such firms, and any foreign dealer bank that is an MSD is required to file Forms MSD–4 and MSD–5 with the Board with respect to its employees. As required by MSRB rule G–7, an MSD must retain both Form MSD–4 and Form MSD–5 for three years from the date of termination of employment. Legal authorization and confidentiality: The Securities Exchange Act of 1934 (Exchange Act) authorizes the Securities and Exchange Commission (SEC) and MSRB to promulgate rules requiring MSDs to file reports about associated persons with the SEC and ARAs,4 and the Board is the ARA for most Form MSD–4 and Form MSD–5 respondents.5 The 3 15 U.S.C. 78c(34)(A)(ii). U.S.C. 78o-4(a)–(b) and (q). 5 15 U.S.C. 78c(a)(34)(A)(ii) (establishing the Board as the ARA for an MSD that is, or is the 4 15 VerDate Sep<11>2014 16:53 Dec 07, 2021 Jkt 256001 Exchange Act further authorizes the Board to enforce compliance with the SEC’s and MSRB’s rules,6 and make rules and regulations to implement the portions of the Exchange Act for which it is responsible.7 Several additional statutes also authorize the Board to require submission of the Forms MSD–4 and MSD–5 by specific entities, including the Federal Reserve Act (for SMBs and their affiliates),8 the International Banking Act (for branches and agencies of foreign banks),9 the Bank Holding Company Act of 1956 (for BHCs and their subsidiaries),10 and the Home Owners’ Loan Act (for SLHCs and their subsidiaries).11 Filing of the Forms MSD–4 and MSD– 5 is mandatory. Information provided on Forms MSD–4 and MSD–5 may be kept confidential pursuant to exemption 6 of the Freedom of Information Act (FOIA) to the extent disclosure of such information ‘‘would constitute a clearly unwarranted invasion of personal privacy.’’ 12 Information contained on Forms MSD–4 and MSD–5 may also be kept confidential under FOIA exemption 4 if it is confidential commercial or financial information that is both customarily and actually treated as private 13 or under FOIA exemption 8 if it is obtained as part of an examination or supervision of a financial institution.14 Board of Governors of the Federal Reserve System, November 30, 2021. Michele Taylor Fennell, Deputy Associate Secretary of the Board. [FR Doc. 2021–26325 Filed 12–7–21; 8:45 am] BILLING CODE 6210–01–P subsidiary of, an SLHC, SMB, or BHC (including a subsidiary of the BHC if the subsidiary does not already report to another ARA or to the SEC). While the Exchange Act does not specify the ARA for MSD activities of foreign dealer banks, the SEC has agreed that the Board should examine their MSD activities. See Letter from Catherine McGuire, Chief Counsel, SEC Division of Market Regulation, to Laura M. Homer, Assistant Director of Board S&R, June 14, 1994. 6 15 U.S.C. 78o–4(c). 7 15 U.S.C. 78w(a). 8 12 U.S.C. 248(a)(1) (authorizing the Board to ‘‘require such statements and reports’’ of member banks as it may deem necessary). 9 12 U.S.C. 3105(c)(2) (subjecting branches and agencies of foreign banks to reporting requirements in the same manner as if the branch or agency were a State member bank). 10 12 U.S.C. 1844(c)(1)(A)(ii)(II) (authorizing the Board to require from a BHC or any subsidiary reports as to compliance with federal laws that the Board has jurisdiction to enforce). 11 12 U.S.C. 1467a(b)(2) (authorizing the Board to require reports from SLHCs and their subsidiaries containing such information concerning the operations of the SLHC or subsidiary as the Board may require). 12 5 U.S.C. 552(b)(6). 13 5 U.S.C. 552(b)(4). 14 5 U.S.C. 552(b)(8). PO 00000 Frm 00035 Fmt 4703 Sfmt 4703 69645 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 revisions, the Financial Statements for Holding Companies (FR Y–9 reports; OMB Control Number 7100–0128). The revisions are effective as of December 31, 2021. 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. AGENCY: Final Approval Under OMB Delegated Authority of the Extension for Three Years, With Revision, of the Following Information Collection Report title: Financial Statements for Holding Companies. Agency form number: FR Y–9C, FR Y– 9LP, FR Y–9SP, FR Y–9ES, and FR Y– 9CS. OMB control number: 7100–0128. Effective Date: December 31, 2021. Frequency: Quarterly, semiannually, and annually. E:\FR\FM\08DEN1.SGM 08DEN1

Agencies

[Federal Register Volume 86, Number 233 (Wednesday, December 8, 2021)]
[Notices]
[Pages 69643-69645]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-26325]


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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, without 
revision, the Uniform Application for Municipal Securities Principal or 
Municipal Securities Representative Associated with a Bank Municipal 
Securities Dealer (Form MSD-4; OMB No. 7100-0100) and the Uniform 
Termination Notice for Municipal Securities Principal or Municipal 
Securities Representative Associated with a Bank Municipal Securities 
Dealer (Form MSD-5; OMB No. 7100-0101).

[[Page 69644]]


DATES: Comments must be submitted on or before February 7, 2022.

ADDRESSES: You may submit comments, identified by Form MSD-4 or Form 
MSD-5, 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 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 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: The Board invites comment on a proposal to 
extend for three years, without revision, the Uniform Application for 
Municipal Securities Principal or Municipal Securities Representative 
Associated with a Bank Municipal Securities Dealer and the Uniform 
Termination Notice for Municipal Securities Principal or Municipal 
Securities Representative Associated with a Bank Municipal Securities 
Dealer.\1\
---------------------------------------------------------------------------

    \1\ As part of this clearance, the Board will clear the Form 
MSD-4 and Form MSD-5 under the Form MSD-4 OMB control number (7100-
0100), and then discontinue the Form MSD-5's separate OMB control 
number (7100-0101). This non-substantive change is aimed at 
simplifying the tracking and clearance process for the two related 
forms. This change would not modify the reporting or recordkeeping 
requirements of the forms in any way. The collection will then be 
titled ``The Uniform Application and the Uniform Termination Notice 
for Municipal Securities Principal or Municipal Securities 
Representative Associated with a Bank Municipal Securities Dealer'' 
(Form MSD-4 and Form MSD-5; 7100-0100).
---------------------------------------------------------------------------

    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 
collections, which are being reviewed under authority delegated by the 
OMB under the PRA. Comments are invited on the following:
    a. Whether the proposed collections 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 collections, 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 collections 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 Collections

    Report title: Uniform Application for Municipal Securities 
Principal or Municipal Securities Representative Associated with a Bank 
Municipal Securities Dealer.
    Agency form number: Form MSD-4.
    OMB control number: 7100-0100.
    Frequency: Event generated.
    Respondents: Each municipal securities dealer (MSD) that is a state 
member bank (SMB), bank holding company (BHC), or a savings and loan 
holding company (SLHC), certain subsidiaries of such firms, or a 
foreign dealer bank.\2\
---------------------------------------------------------------------------

    \2\ 15 U.S.C. 78c(34)(A)(ii).
---------------------------------------------------------------------------

    Estimated number of respondents: Reporting, 13; Recordkeeping, 13.
    Estimated average hours per response: Reporting, 0.92; 
Recordkeeping, 0.08.
    Estimated annual burden hours: Reporting, 11.96; Recordkeeping, 
1.04.
    General description of report: The Municipal Securities Rulemaking 
Board (MSRB) rule G-7, Information Concerning Associated Persons, 
requires persons who are or seek to be an associated person of an MSD, 
either as a municipal securities principal (a person performing 
supervisory functions) or representative (a person engaged in 
underwriting, trading, or sales of municipal securities or furnishing 
financial advice to issuers in connection with the issuance of 
municipal securities) or in any other manner set forth under the rule, 
to provide certain background information to the MSD. The rule also 
requires MSDs to obtain and report this information. MSDs for which the 
Board is the appropriate regulatory agency (ARA) must report to the 
Board information required by MSRB rule G-7 using Form MSD-4. 
Generally, the information required by Form MSD-4

[[Page 69645]]

relates to employment history and professional background, including 
any disciplinary sanctions, as well as any claimed basis for exemption 
from MSRB examination requirements. Certain information reported on 
Form MSD-4 is filled out by the employee, with the rest completed by 
the MSD. As required by MSRB rule G-7, bank municipal securities 
dealers must retain copies of Form MSD-4 for each associated person 
during the entire term of employment.

    Report title: Uniform Termination Notice for Municipal Securities 
Principal or Municipal Securities Representative Associated with a Bank 
Municipal Securities Dealer.
    Agency form number: Form MSD-5.
    OMB control number: 7100-0101.
    Frequency: Event generated.
    Respondents: Each MSD that is an SMB, BHC, or an SLHC, certain 
subsidiaries of such firms, or a foreign dealer bank.\3\
---------------------------------------------------------------------------

    \3\ 15 U.S.C. 78c(34)(A)(ii).
---------------------------------------------------------------------------

    Estimated number of respondents: Reporting, 21; Recordkeeping, 21.
    Estimated average hours per response: Reporting, 0.16; 
Recordkeeping; 0.08.
    Estimated annual burden hours: Reporting, 3.36; Recordkeeping 1.68.
    General description of report: An MSD for which the Board is the 
ARA must file Form MSD-5 with the Board when any employee previously 
registered as a municipal securities principal or representative is 
terminated for any reason. Form MSD-5 requires information such as the 
reason for termination and whether any investigations or actions by 
agencies or self-regulatory organizations (SROs) involving the 
associated person occurred during the period of employment.
    Any SMB, BHC, or SLHC, as well as certain subsidiaries of such 
firms, and any foreign dealer bank that is an MSD is required to file 
Forms MSD-4 and MSD-5 with the Board with respect to its employees. As 
required by MSRB rule G-7, an MSD must retain both Form MSD-4 and Form 
MSD-5 for three years from the date of termination of employment.
    Legal authorization and confidentiality: The Securities Exchange 
Act of 1934 (Exchange Act) authorizes the Securities and Exchange 
Commission (SEC) and MSRB to promulgate rules requiring MSDs to file 
reports about associated persons with the SEC and ARAs,\4\ and the 
Board is the ARA for most Form MSD-4 and Form MSD-5 respondents.\5\ The 
Exchange Act further authorizes the Board to enforce compliance with 
the SEC's and MSRB's rules,\6\ and make rules and regulations to 
implement the portions of the Exchange Act for which it is 
responsible.\7\
---------------------------------------------------------------------------

    \4\ 15 U.S.C. 78o-4(a)-(b) and (q).
    \5\ 15 U.S.C. 78c(a)(34)(A)(ii) (establishing the Board as the 
ARA for an MSD that is, or is the subsidiary of, an SLHC, SMB, or 
BHC (including a subsidiary of the BHC if the subsidiary does not 
already report to another ARA or to the SEC). While the Exchange Act 
does not specify the ARA for MSD activities of foreign dealer banks, 
the SEC has agreed that the Board should examine their MSD 
activities. See Letter from Catherine McGuire, Chief Counsel, SEC 
Division of Market Regulation, to Laura M. Homer, Assistant Director 
of Board S&R, June 14, 1994.
    \6\ 15 U.S.C. 78o-4(c).
    \7\ 15 U.S.C. 78w(a).
---------------------------------------------------------------------------

    Several additional statutes also authorize the Board to require 
submission of the Forms MSD-4 and MSD-5 by specific entities, including 
the Federal Reserve Act (for SMBs and their affiliates),\8\ the 
International Banking Act (for branches and agencies of foreign 
banks),\9\ the Bank Holding Company Act of 1956 (for BHCs and their 
subsidiaries),\10\ and the Home Owners' Loan Act (for SLHCs and their 
subsidiaries).\11\
---------------------------------------------------------------------------

    \8\ 12 U.S.C. 248(a)(1) (authorizing the Board to ``require such 
statements and reports'' of member banks as it may deem necessary).
    \9\ 12 U.S.C. 3105(c)(2) (subjecting branches and agencies of 
foreign banks to reporting requirements in the same manner as if the 
branch or agency were a State member bank).
    \10\ 12 U.S.C. 1844(c)(1)(A)(ii)(II) (authorizing the Board to 
require from a BHC or any subsidiary reports as to compliance with 
federal laws that the Board has jurisdiction to enforce).
    \11\ 12 U.S.C. 1467a(b)(2) (authorizing the Board to require 
reports from SLHCs and their subsidiaries containing such 
information concerning the operations of the SLHC or subsidiary as 
the Board may require).
---------------------------------------------------------------------------

    Filing of the Forms MSD-4 and MSD-5 is mandatory. Information 
provided on Forms MSD-4 and MSD-5 may be kept confidential pursuant to 
exemption 6 of the Freedom of Information Act (FOIA) to the extent 
disclosure of such information ``would constitute a clearly unwarranted 
invasion of personal privacy.'' \12\ Information contained on Forms 
MSD-4 and MSD-5 may also be kept confidential under FOIA exemption 4 if 
it is confidential commercial or financial information that is both 
customarily and actually treated as private \13\ or under FOIA 
exemption 8 if it is obtained as part of an examination or supervision 
of a financial institution.\14\
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    \12\ 5 U.S.C. 552(b)(6).
    \13\ 5 U.S.C. 552(b)(4).
    \14\ 5 U.S.C. 552(b)(8).

    Board of Governors of the Federal Reserve System, November 30, 
2021.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2021-26325 Filed 12-7-21; 8:45 am]
BILLING CODE 6210-01-P
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