Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to the Office of Management and Budget, 70497-70498 [2021-26736]
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Federal Register / Vol. 86, No. 235 / Friday, December 10, 2021 / Notices
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:
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.
jspears on DSK121TN23PROD with NOTICES1
Proposal Under OMB Delegated
Authority To Extend for Three Years,
Without Revision, the Following
Information Collection
Report title: Recordkeeping
Requirements of Regulation H and
Regulation K Associated with the
Procedures for Monitoring Bank Secrecy
Act Compliance.
Agency form number: FR K.
OMB control number: 7100–0310.
Frequency: Annual.
Respondents: State member banks;
Edge Act and agreement corporations;
and U.S. branches, agencies, and
representative offices of foreign banks
supervised by the Board, except for a
federal branch or a federal agency or a
state branch that is insured by the
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17:03 Dec 09, 2021
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Federal Deposit Insurance Corporation
(FDIC).
Estimated number of respondents:
Establish compliance program—1;
Maintenance of compliance program—
906.
Estimated average hours per response:
Establish compliance program—16;
Maintenance of compliance program—4.
Estimated annual burden hours:
Establish compliance program—16;
Maintenance of compliance program—
3,624.
General description of report: Section
208.63 of the Board’s Regulation H—
Membership of State Banking
Institutions in the Federal Reserve
System (12 CFR part 208) requires state
member banks to establish and maintain
in writing procedures reasonably
designed to ensure and monitor
compliance with the provisions of the
Bank Secrecy Act (BSA) 1 and its
implementing regulations. Sections
211.5(m)(1) and 211.24(j)(1) of the
Board’s Regulation K—International
Banking Operations (12 CFR part 211)
impose those same requirements on
Edge Act and agreement corporations
and, except for a federal branch or a
federal agency 2 or a state branch that is
insured by the FDIC, the U.S. branches,
agencies, and representative offices of
foreign banks supervised by the Board.
Legal authorization and
confidentiality: The FR K is authorized
pursuant to section 8(s) of the Federal
Deposit Insurance Act (FDIA), which
requires the federal banking agencies,
including the Board, to (1) prescribe
regulations requiring the institutions
they regulate to establish and maintain
procedures reasonably designed to
assure and monitor compliance with the
BSA and (2) to review such procedures
during the course of their examinations
(12 U.S.C. 1818(s)).3 The FR K is
mandatory.
Because the records required by the
FR K will be retained at banking
organizations, the Freedom of
Information Act (FOIA) would only be
implicated if the Board’s examiners
obtained a copy of the records as part
of the examination or supervision of a
banking institution. In that case, the
records may be exempt from disclosure
1 See
31 U.S.C. 5311 et seq.
terms ‘‘federal agency’’ and ‘‘federal
branch’’ have the same meanings as in section 1 of
the International Banking Act of 1978 (12 U.S.C.
3101). See 12 CFR 211.21.
3 Section 8(s) of the FDIA authorizes the Board to
prescribe regulations covering the entities required
to comply with section 208.63 of the Board’s
Regulation H (12 CFR 208.63) and sections
211.5(m)(1) and 211.24(j)(1) of the Board’s
Regulation K (12 CFR 211.5(m)(1) and 12 CFR
211.24(j)(1)). See 12 U.S.C. 1813(c)(3), 1818(b)(3),
and 1818(b)(4).
2 The
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70497
under exemption 8 of the FOIA, which
protects examination materials from
disclosure (5 U.S.C. 552(b)(8)). To the
extent that information retained in
response to the FR K constitutes
nonpublic commercial or financial
information, which is both customarily
and actually treated as private by the
respondent, it may also be kept
confidential under exemption 4 of the
FOIA (5 U.S.C. 552(b)(4)). Exemption 4
protects ‘‘trade secrets and commercial
or financial information obtained from a
person [that is] privileged or
confidential.’’
Board of Governors of the Federal Reserve
System, December 6, 2021.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2021–26732 Filed 12–9–21; 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 the Office of
Management and Budget
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, without revision, the Registration
of a Securities Holding Company (FR
2082; OMB No. 7100–0347).
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
AGENCY:
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10DEN1
70498
Federal Register / Vol. 86, No. 235 / Friday, December 10, 2021 / Notices
jspears on DSK121TN23PROD with NOTICES1
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: Registration of a
Securities Holding Company.
Agency form number: FR 2082.
OMB control number: 7100–0347.
Frequency: On occasion.
Respondents: Certain nonbank
companies that own at least one
registered securities broker or dealer
and which elect to become a supervised
securities holding company (SHC).
Estimated number of respondents: 1.
Estimated average hours per response:
8.
Estimated annual burden hours: 8.
General description of report: The FR
2082 registration form is used whenever
an SHC elects to register to become
subject to supervision by the Board
pursuant to section 618 of the DoddFrank Wall Street Reform and Consumer
Protection Act (Dodd-Frank Act).1
The FR 2082 requests the following
from the registering SHC: An
organization chart (including all
subsidiaries); information regarding
certain of the SHC’s subsidiaries;
shareholder reports and financial
statements; information regarding the
SHC’s shareholders, senior officers and
directors; information regarding the
methods used by the SHC to monitor
and control its operations; information
regarding the SHC’s foreign subsidiaries
that are subject to comprehensive
consolidated supervision and the
regulatory system in which these foreign
subsidiaries operate; and information
regarding any other regulatory capital
framework to which the SHC is subject.
The information collected by the FR
2082 registration form is used by the
Federal Reserve System to determine
whether the registrant meets the
requirements to become a supervised
SHC and to complete the registration.
Legal authorization and
confidentiality: The FR 2082 is
authorized by section 618(b)(2)(A) of the
Dodd-Frank Act, which requires
companies that elect SHC status to
register by filing with the Board such
information and documents as the
Board, by regulation, may prescribe.
Submission of the FR 2082 is required
to obtain a benefit.
The information provided on the FR
2082 form and in connection with an
SHC’s registration is generally
considered public. Firms may request
certain information provided in
connection with the FR 2082 be kept
confidential under the Freedom of
Information Act (FOIA) in accordance
with the Board’s Rules Regarding
Availability of Information.2
Confidential commercial or financial
information that is both customarily and
actually treated as private may be kept
confidential under FOIA exemption 4.3
Personal and biographical information
of individuals required as part of the
registration may be treated as
confidential under FOIA exemption 6 if
its disclosure ‘‘would constitute a
clearly unwarranted invasion of
personal privacy.’’ 4
Current actions: On September 1,
2021, the Board published a notice in
the Federal Register (86 FR 49029)
requesting public comment for 60 days
on the extension, without revision, of
the Registration of a Securities Holding
Company. The comment period for this
notice expired on November 1, 2021.
The Board did not receive any
comments.
Board of Governors of the Federal Reserve
System, December 6, 2021.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2021–26736 Filed 12–9–21; 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,
without revision, the Reporting
Provisions Associated with Regulation
TT (FR TT; OMB No. 7100–0369).
DATES: Comments must be submitted on
or before February 8, 2022.
ADDRESSES: You may submit comments,
identified by FR TT, by any of the
following methods:
• Agency website: https://
www.federalreserve.gov/. Follow the
SUMMARY:
2 12
1 See
Dodd-Frank Act, Public Law 111–203, 124
Stat. 1376 (2010).
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17:03 Dec 09, 2021
Jkt 256001
CFR 261.17.
U.S.C. 552(b)(4).
4 12 U.S.C. 552(b)(6).
3 12
PO 00000
Frm 00069
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Sfmt 4703
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: 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
E:\FR\FM\10DEN1.SGM
10DEN1
Agencies
[Federal Register Volume 86, Number 235 (Friday, December 10, 2021)]
[Notices]
[Pages 70497-70498]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-26736]
-----------------------------------------------------------------------
FEDERAL RESERVE SYSTEM
Agency Information Collection Activities: Announcement of Board
Approval Under Delegated Authority and Submission to the Office of
Management and Budget
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, without revision, the
Registration of a Securities Holding Company (FR 2082; OMB No. 7100-
0347).
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
[[Page 70498]]
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: Registration of a Securities Holding Company.
Agency form number: FR 2082.
OMB control number: 7100-0347.
Frequency: On occasion.
Respondents: Certain nonbank companies that own at least one
registered securities broker or dealer and which elect to become a
supervised securities holding company (SHC).
Estimated number of respondents: 1.
Estimated average hours per response: 8.
Estimated annual burden hours: 8.
General description of report: The FR 2082 registration form is
used whenever an SHC elects to register to become subject to
supervision by the Board pursuant to section 618 of the Dodd-Frank Wall
Street Reform and Consumer Protection Act (Dodd-Frank Act).\1\
---------------------------------------------------------------------------
\1\ See Dodd-Frank Act, Public Law 111-203, 124 Stat. 1376
(2010).
---------------------------------------------------------------------------
The FR 2082 requests the following from the registering SHC: An
organization chart (including all subsidiaries); information regarding
certain of the SHC's subsidiaries; shareholder reports and financial
statements; information regarding the SHC's shareholders, senior
officers and directors; information regarding the methods used by the
SHC to monitor and control its operations; information regarding the
SHC's foreign subsidiaries that are subject to comprehensive
consolidated supervision and the regulatory system in which these
foreign subsidiaries operate; and information regarding any other
regulatory capital framework to which the SHC is subject. The
information collected by the FR 2082 registration form is used by the
Federal Reserve System to determine whether the registrant meets the
requirements to become a supervised SHC and to complete the
registration.
Legal authorization and confidentiality: The FR 2082 is authorized
by section 618(b)(2)(A) of the Dodd-Frank Act, which requires companies
that elect SHC status to register by filing with the Board such
information and documents as the Board, by regulation, may prescribe.
Submission of the FR 2082 is required to obtain a benefit.
The information provided on the FR 2082 form and in connection with
an SHC's registration is generally considered public. Firms may request
certain information provided in connection with the FR 2082 be kept
confidential under the Freedom of Information Act (FOIA) in accordance
with the Board's Rules Regarding Availability of Information.\2\
Confidential commercial or financial information that is both
customarily and actually treated as private may be kept confidential
under FOIA exemption 4.\3\ Personal and biographical information of
individuals required as part of the registration may be treated as
confidential under FOIA exemption 6 if its disclosure ``would
constitute a clearly unwarranted invasion of personal privacy.'' \4\
---------------------------------------------------------------------------
\2\ 12 CFR 261.17.
\3\ 12 U.S.C. 552(b)(4).
\4\ 12 U.S.C. 552(b)(6).
---------------------------------------------------------------------------
Current actions: On September 1, 2021, the Board published a notice
in the Federal Register (86 FR 49029) requesting public comment for 60
days on the extension, without revision, of the Registration of a
Securities Holding Company. The comment period for this notice expired
on November 1, 2021. The Board did not receive any comments.
Board of Governors of the Federal Reserve System, December 6,
2021.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2021-26736 Filed 12-9-21; 8:45 am]
BILLING CODE 6210-01-P