Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 9053-9054 [2022-03472]

Download as PDF 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]


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FEDERAL RESERVE SYSTEM


Agency Information Collection Activities: Announcement of Board 
Approval Under Delegated Authority and Submission to OMB

AGENCY: Board of Governors of the Federal Reserve System.

SUMMARY: The Board of Governors of the Federal Reserve System (Board) 
is adopting a proposal to extend for three years, 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