Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to the Office of Management and Budget, 70497-70498 [2021-26736]

Download as PDF 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 VerDate Sep<11>2014 17:03 Dec 09, 2021 Jkt 256001 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 PO 00000 Frm 00068 Fmt 4703 Sfmt 4703 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: E:\FR\FM\10DEN1.SGM 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). VerDate Sep<11>2014 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 Fmt 4703 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]


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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