Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 9053-9054 [2022-03472]
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Federal Register / Vol. 87, No. 33 / Thursday, February 17, 2022 / Notices
applications is procedural in nature,
and therefore not subject to the notice
and comment and effective date
requirements of the Administrative
Procedure Act. Moreover, the Bureaus
found there is good cause for not
delaying the effect of the extension until
after publication of the Public Notice in
the Federal Register since such a delay
would be impractical, unnecessary, and
contrary to the public interest because it
would undercut the purposes of the
extension.
Federal Communications Commission.
David Furth,
Deputy Chief, Public Safety and Homeland
Security Bureau.
[FR Doc. 2022–03451 Filed 2–16–22; 8:45 am]
BILLING CODE 6712–01–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, without revision, the Holding
Company Report of Insured Depository
Institutions’ Section 23A Transactions
with Affiliates (FR Y–8 OMB No. 7100–
0126).
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://
lotter on DSK11XQN23PROD with NOTICES1
AGENCY:
VerDate Sep<11>2014
17:23 Feb 16, 2022
Jkt 256001
www.reginfo.gov/public/do/PRAMain.
These documents are also available on
the Federal Reserve Board’s public
website at https://www.federal
reserve.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: Holding Company Report
of Insured Depository Institutions’
Section 23A Transactions with
Affiliates.
Agency form number: FR Y–8.
OMB control number: 7100–0126.
Frequency: Quarterly.
Respondents: U.S. top-tier bank
holding companies (BHCs), intermediate
holding companies (IHCs), and savings
and loan holding companies (SLHCs);
foreign banking organizations (FBOs)
that directly own or control a U.S.
subsidiary insured depository
institution.
Estimated number of respondents:
Reporting, 692; recordkeeping, 692.
Estimated average hours per response:
Reporting, 7.3; recordkeeping, 0.5.
Estimated annual burden hours:
21,590.
General description of report: The FR
Y–8 collects information on covered
transactions between an insured
depository institution and its affiliates
that are subject to the quantitative limits
and other requirements of section 23A
of the Federal Reserve Act (12 U.S.C.
371c) and the Board’s Regulation W—
Transactions Between Member Banks
and Their Affiliates (12 CFR part 223).
The data to be reported vary based on
the activities and subsidiaries of the
insured depository institution. A
respondent must file a separate FR Y–
8 report for each U.S. insured
depository institution it controls.
Legal authorization and
confidentiality: Section 5(c) of the Bank
Holding Company Act authorizes the
Board to require BHCs and IHCs to file
the FR Y–8.1 Section 10(b)(2) of the
Home Owners’ Loan Act authorizes the
Board to require SLHCs to file the FR Y–
8.2 Section 8(a) of the International
Banking Act authorizes the Board to
require FBOs that directly own or
control a U.S. subsidiary insured
depository institution to file the FR Y–
8.3 Information provided on the FR Y–
8 may be kept confidential under
exemption 4 of the Freedom of
U.S.C. 1844(c).
U.S.C. 1467a(b)(2).
3 12 U.S.C. 3106(a).
Information Act (FOIA) as confidential
commercial or financial information
that is both customarily and actually
treated as private.4 Information
collected on the FR Y–8 may also be
considered confidential under FOIA
exemption 8 if it is obtained as part of
an examination or supervision of a
financial institution.5
The FR Y–8 report is mandatory for
respondents that control an insured
depository institution that has engaged
in covered transactions with an affiliate
during the reporting period.
Current actions: On October 18, 2021,
the Board published a notice in the
Federal Register (86 FR 57675)
requesting public comment for 60 days
on the extension, without revision, of
the Holding Company Report of Insured
Depository Institutions’ Section 23A
Transactions with Affiliates. The
comment period for this notice expired
on December 17, 2021. The Board did
not receive any comments.
Board of Governors of the Federal Reserve
System, February 14, 2022.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2022–03470 Filed 2–16–22; 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, without revision, the Domestic
Finance Company Report of
Consolidated Assets and Liabilities (FR
2248; OMB No. 7100–0005).
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
AGENCY:
1 12
2 12
PO 00000
Frm 00027
Fmt 4703
45
55
Sfmt 4703
9053
U.S.C. 552(b)(4).
U.S.C. 552(b)(8).
E:\FR\FM\17FEN1.SGM
17FEN1
9054
Federal Register / Vol. 87, No. 33 / Thursday, February 17, 2022 / Notices
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.federal
reserve.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
lotter on DSK11XQN23PROD with NOTICES1
Report title: Domestic Finance
Company Report of Consolidated Assets
and Liabilities.
Agency form number: FR 2248.
OMB control number: 7100–0005.
Frequency: Monthly, quarterly, as
needed.
Respondents: Finance companies.1
Estimated number of respondents:
Monthly, 150; Quarterly, 150;
Addendum; 150.
Estimated average minutes per
response: Monthly, 20; Quarterly, 30;
Addendum, 10.
Estimated annual burden hours:
Monthly, 400; Quarterly, 300;
Addendum; 50.
General description of report: The FR
2248 is collected monthly as of the last
calendar day of the month from a
stratified sample 2 of finance companies.
Each monthly report collects balance
sheet data on major categories of
consumer and business credit
receivables and on major short-term
liabilities. For quarter-end months
1 Finance companies include companies in which
50 percent or more of assets are held in any of the
following types of loan or lease assets: (1) Liens on
real estate, defined as outstanding balances on loans
or leases, for any purpose, secured by liens on real
estate; (2) loans and leases not secured by real
estate, such as business loans and leases, defined
as outstanding balances on loans and on leases for
commercial and industrial purposes to sole
proprietorships, partnerships, corporations, and
other business enterprises; or consumer loans and
leases defined as outstanding balances on loans and
on leases for household, family, and other personal
expenditures.
2 Potential universe of respondents is identified
by the quinquennial Census of Finance Companies
(FR 3033p) and Survey of Finance Companies (FR
3033s) (OMB No.7100–0277). More details can be
found in the OMB supporting statement.
VerDate Sep<11>2014
17:23 Feb 16, 2022
Jkt 256001
(March, June, September, and
December), additional asset and liability
items are collected to provide a full
balance sheet. A supplemental section
collects data on securitized assets.
Board staff may ask either quantitative
or qualitative questions through the use
of a special addendum section no more
than twice per year. The data are used
to construct universe estimates of
finance company holdings, which are
published in the monthly statistical
releases Finance Companies (G.20) and
Consumer Credit (G.19) and in the
quarterly statistical release Financial
Accounts of the United States (Z.1).3
Legal authorization and
confidentiality: The FR 2248 is
authorized by sections 2A and 12A of
the Federal Reserve Act (FRA). Section
2A of the FRA requires that the Board
and the Federal Open Market
Committee (FOMC) ‘‘maintain long run
growth of the monetary and credit
aggregates commensurate with the
economy’s long run potential to increase
production, so as to promote effectively
the goals of maximum employment,
stable prices, and moderate long-term
interest rates.’’ 4 Section 12A of the FRA
further requires the FOMC to implement
regulations relating to the open market
operations conducted by Federal
Reserve Banks ‘‘with a view to
accommodating commerce and business
and with regard to their bearing upon
the general credit situation of the
country.’’ 5 The Board and FOMC use
the information obtained through the FR
2248 to discharge these responsibilities.
The FR 2248 is voluntary.
Although the Board releases aggregate
data derived from the FR 2248 in the
monthly G.20 and G.19 statistical
releases, and in the quarterly Z.1
statistical release, individual finance
company information provided by each
respondent is generally treated as
confidential. Information collected on
the FR 2248 is likely to constitute
nonpublic commercial or financial
information, which is both customarily
and actually treated as private by the
respondent. Accordingly, such
information may be kept confidential by
the Board pursuant to exemption 4 of
the Freedom of Information Act.6 If it
should be determined that any
information collected on the FR 2248
must be released, respondents would be
notified.
Current Actions: On November 4,
2021, the Board published a notice in
3 See https://www.federalreserve.gov/
econresdata/statisticsdata.htm.
4 12 U.S.C. 225a.
5 12 U.S.C. 263.
6 5 U.S.C. 552(b)(4).
PO 00000
Frm 00028
Fmt 4703
Sfmt 4703
the Federal Register (86 FR 608019)
requesting public comment for 60 days
on the extension, without revision, of
the Domestic Branch Application. The
comment period for this notice expired
on January 3, 2022. The Board did not
receive any comments.
Board of Governors of the Federal Reserve
System, February 14, 2022.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2022–03472 Filed 2–16–22; 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, without revision, the Domestic
Branch Application (FR 4001; OMB No.
7100–0097).
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:
E:\FR\FM\17FEN1.SGM
17FEN1
]]>Agencies
[Federal Register Volume 87, Number 33 (Thursday, February 17, 2022)]
[Notices]
[Pages 9053-9054]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-03472]
-----------------------------------------------------------------------
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, without revision, the
Domestic Finance Company Report of Consolidated Assets and Liabilities
(FR 2248; OMB No. 7100-0005).
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
[[Page 9054]]
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: Domestic Finance Company Report of Consolidated
Assets and Liabilities.
Agency form number: FR 2248.
OMB control number: 7100-0005.
Frequency: Monthly, quarterly, as needed.
Respondents: Finance companies.\1\
---------------------------------------------------------------------------
\1\ Finance companies include companies in which 50 percent or
more of assets are held in any of the following types of loan or
lease assets: (1) Liens on real estate, defined as outstanding
balances on loans or leases, for any purpose, secured by liens on
real estate; (2) loans and leases not secured by real estate, such
as business loans and leases, defined as outstanding balances on
loans and on leases for commercial and industrial purposes to sole
proprietorships, partnerships, corporations, and other business
enterprises; or consumer loans and leases defined as outstanding
balances on loans and on leases for household, family, and other
personal expenditures.
---------------------------------------------------------------------------
Estimated number of respondents: Monthly, 150; Quarterly, 150;
Addendum; 150.
Estimated average minutes per response: Monthly, 20; Quarterly, 30;
Addendum, 10.
Estimated annual burden hours: Monthly, 400; Quarterly, 300;
Addendum; 50.
General description of report: The FR 2248 is collected monthly as
of the last calendar day of the month from a stratified sample \2\ of
finance companies. Each monthly report collects balance sheet data on
major categories of consumer and business credit receivables and on
major short-term liabilities. For quarter-end months (March, June,
September, and December), additional asset and liability items are
collected to provide a full balance sheet. A supplemental section
collects data on securitized assets. Board staff may ask either
quantitative or qualitative questions through the use of a special
addendum section no more than twice per year. The data are used to
construct universe estimates of finance company holdings, which are
published in the monthly statistical releases Finance Companies (G.20)
and Consumer Credit (G.19) and in the quarterly statistical release
Financial Accounts of the United States (Z.1).\3\
---------------------------------------------------------------------------
\2\ Potential universe of respondents is identified by the
quinquennial Census of Finance Companies (FR 3033p) and Survey of
Finance Companies (FR 3033s) (OMB No.7100-0277). More details can be
found in the OMB supporting statement.
\3\ See https://www.federalreserve.gov/econresdata/statisticsdata.htm.
---------------------------------------------------------------------------
Legal authorization and confidentiality: The FR 2248 is authorized
by sections 2A and 12A of the Federal Reserve Act (FRA). Section 2A of
the FRA requires that the Board and the Federal Open Market Committee
(FOMC) ``maintain long run growth of the monetary and credit aggregates
commensurate with the economy's long run potential to increase
production, so as to promote effectively the goals of maximum
employment, stable prices, and moderate long-term interest rates.'' \4\
Section 12A of the FRA further requires the FOMC to implement
regulations relating to the open market operations conducted by Federal
Reserve Banks ``with a view to accommodating commerce and business and
with regard to their bearing upon the general credit situation of the
country.'' \5\ The Board and FOMC use the information obtained through
the FR 2248 to discharge these responsibilities. The FR 2248 is
voluntary.
---------------------------------------------------------------------------
\4\ 12 U.S.C. 225a.
\5\ 12 U.S.C. 263.
---------------------------------------------------------------------------
Although the Board releases aggregate data derived from the FR 2248
in the monthly G.20 and G.19 statistical releases, and in the quarterly
Z.1 statistical release, individual finance company information
provided by each respondent is generally treated as confidential.
Information collected on the FR 2248 is likely to constitute nonpublic
commercial or financial information, which is both customarily and
actually treated as private by the respondent. Accordingly, such
information may be kept confidential by the Board pursuant to exemption
4 of the Freedom of Information Act.\6\ If it should be determined that
any information collected on the FR 2248 must be released, respondents
would be notified.
---------------------------------------------------------------------------
\6\ 5 U.S.C. 552(b)(4).
---------------------------------------------------------------------------
Current Actions: On November 4, 2021, the Board published a notice
in the Federal Register (86 FR 608019) requesting public comment for 60
days on the extension, without revision, of the Domestic Branch
Application. The comment period for this notice expired on January 3,
2022. The Board did not receive any comments.
Board of Governors of the Federal Reserve System, February 14,
2022.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2022-03472 Filed 2-16-22; 8:45 am]
BILLING CODE 6210-01-P
