Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 73303-73304 [2022-25969]
Download as PDF
<![CDATA[
Federal Register / Vol. 87, No. 228 / Tuesday, November 29, 2022 / Notices
khammond on DSKJM1Z7X2PROD with NOTICES
Final Approval Under OMB Delegated
Authority of the Extension for Three
Years, Without Revision, of the
Following Information Collection
Collection title: Recordkeeping and
Disclosure Requirements Associated
with the Consumer Financial Protection
Bureau’s (CFPB) Regulation E
(Electronic Fund Transfers).
Collection identifier: FR E.
OMB control number: 7100–0200.
Frequency: Event generated.
Respondents: State member banks and
their subsidiaries, subsidiaries of bank
holding companies, U.S. branches and
agencies of foreign banks (other than
federal branches, federal agencies, and
insured state branches of foreign banks),
commercial lending companies owned
or controlled by foreign banks, and
organizations operating under section
25 or 25A of the Federal Reserve Act (12
U.S.C. 601–604a; 611–631).
Estimated number of respondents:
Recordkeeping, 874; Initial disclosures,
874; Change-in-terms, 874; Periodic
statements, 67; Error resolution, 874;
Pre-acquisition disclosures (short form
disclosure), 5; internet posting and
submission of prepaid account
agreements, 6; Remittance transfer
disclosures, 874; Error resolution for
remittance transfers, 874; and
Remittance transfers scheduled before
the date of transfer, 874.
Estimated average hours per response:
Recordkeeping, 0.97; Initial disclosures,
0.03; Change-in-terms, 0.02; Periodic
statements, 7; Error resolution, 0.5; Preacquisition disclosures (short form
disclosure), 4; internet posting and
submission of prepaid account
agreements, 0.08; Remittance transfer
disclosures, 8; Error resolution for
remittance transfers, 4.5; and
Remittance transfers scheduled before
the date of transfer, 8.
Estimated annual burden hours:
Recordkeeping, 848; Initial disclosures,
6,555; Change-in-terms, 5,943; Periodic
statements, 5,628; Error resolution,
13,110; Pre-acquisition disclosures
(short form disclosure), 191; internet
posting and submission of prepaid
account agreements, 2; Remittance
transfer disclosures, 83,904; Error
resolution for remittance transfers,
47,196; and Remittance transfers
scheduled before the date of transfer,
6,992.
General description of report: The
Electronic Fund Transfer Act (EFTA)
requires consumers be provided
meaningful disclosures about the basic
terms, costs, and rights relating to
electronic fund transfer (EFT) services
involving a consumer’s account. The
disclosures required by the EFTA are
VerDate Sep<11>2014
16:29 Nov 28, 2022
Jkt 259001
triggered by specific events. The
disclosures inform consumers, for
example, about the terms of the EFT
service, activity on the account,
potential liability for unauthorized
transfers, and the process for resolving
errors.
Legal authorization and
confidentiality: The FR E is authorized
pursuant to section 904 of the EFTA,1
which requires that the CFPB prescribe
regulations to carry out the purposes of
the EFTA, including disclosure and
recordkeeping requirements relating to
consumer EFT transactions. The FR E is
mandatory.
The disclosures and records required
under Regulation E are not required to
be submitted to the Board, so normally
no confidentiality issues would be
implicated. To the extent such
disclosures and records are obtained by
the Board through the examination
process, they may be kept confidential
under exemption 8 of the Freedom of
Information Act, which protects
information contained in or related to
an examination of a financial
institution.2
Current actions: On July 25, 2022, the
Board published an initial notice in the
Federal Register (87 FR 44116)
requesting public comment for 60 days
on the extension, without revision, of
the FR E. The comment period for this
notice expired on September 23, 2022.
The Board did not receive any
comments.
Board of Governors of the Federal Reserve
System, November 22, 2022.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2022–25968 Filed 11–28–22; 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 Reporting
and Disclosure Requirements of
Community Reinvestment Act (CRA)Related Agreements (Regulation G) (FR
G; OMB No. 7100–0299).
FOR FURTHER INFORMATION CONTACT:
Federal Reserve Board Clearance
Officer—Nuha Elmaghrabi—Office of
AGENCY:
1 15
25
PO 00000
U.S.C. 1693b.
U.S.C. 552(b)(8).
Frm 00025
Fmt 4703
Sfmt 4703
73303
the Chief Data Officer, Board of
Governors of the Federal Reserve
System, nuha.elmaghrabi@frb.gov, (202)
452–3884.
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.
Final Approval Under OMB Delegated
Authority of the Extension for Three
Years, Without Revision, of the
Following Information Collection
Collection title: Reporting and
Disclosure Requirements of Community
Reinvestment Act (CRA)-Related
Agreements.
Collection identifier: FR G.
OMB control number: 7100–0299.
Frequency: Annually and quarterly.
Respondents: State member banks and
their subsidiaries; bank holding
companies; savings and loan holding
companies; affiliates of bank holding
companies and savings and loan
holding companies, other than banks,
savings associations, and subsidiaries of
banks and savings associations; and
nongovernmental entities or persons
(NGEPs) that enter into covered
agreements with any of the
aforementioned entities.
Estimated number of respondents:
Reporting: insured depository
institutions (IDIs) and affiliates—Copy
of agreements to agency, 1; List of
agreements to agency, 1; Annual report,
1; Filing NGEP annual report, 1;
Reporting: NGEP—Copy of agreements
to agency, 2, Annual report, 2;
Disclosure: IDI and affiliates—Covered
agreements to public, 1, Agreements
E:\FR\FM\29NON1.SGM
29NON1
73304
Federal Register / Vol. 87, No. 228 / Tuesday, November 29, 2022 / Notices
relating to activities of CRA affiliates, 1;
and Disclosure: NGEP Covered
agreements to public, 2.
Estimated average hours per response:
Reporting: IDI and affiliates—Copy of
agreements to agency, 1; List of
agreements to agency, 1; Annual report,
4; Filing NGEP annual report, 1;
Reporting: NGEP—Copy of agreements
to agency, 1, Annual report, 4;
Disclosure: IDI and affiliates—Covered
agreements to public, 1, Agreements
relating to activities of CRA affiliates, 1;
and Disclosure: NGEP Covered
agreements to public, 1.
Estimated annual burden hours:
Reporting: IDI and affiliates—Copy of
agreements to agency, 2; List of
agreements to agency, 2; Annual report,
4; Filing NGEP annual report, 1;
Reporting: NGEP—Copy of agreements
to agency, 2, Annual report, 8;
Disclosure: IDI and affiliates—Covered
agreements to public, 2, Agreements
relating to activities of CRA affiliates, 2;
and Disclosure: NGEP Covered
agreements to public, 2.
General description of collection:
Regulation G—Disclosure and Reporting
of CRA-Related Agreements 1
implements section 711 of the GrammLeach-Bliley Act (GLBA),2 which
requires IDIs, affiliates of IDIs, and
NGEPs to disclose written agreements
entered into in connection with
fulfillment of the CRA.3
Legal authorization and
confidentiality: The disclosure and
reporting requirements of Regulation G
are authorized pursuant to the Board’s
authority to prescribe regulations to
carry out the purposes of section 711 of
GLBA.4 The FR G disclosure and
reporting requirements are mandatory.
The disclosure and reporting
requirements of section 711 and
Regulation G require relevant parties to
disclose covered agreements to the
public.5 However, as explained in the
preamble to Regulation G, an entity
subject to Regulation G may submit
separate public and complete versions
of its covered agreements to the Board
with a request for confidential treatment
for the complete version.6 As stated in
the preamble, the Board would release
only the public version unless it
received a request under the Freedom of
Information Act (FOIA) for the entirety
of the CRA-related agreement.7
Regulation G states that in responding
to a request for a covered agreement
from an individual or entity under the
public disclosure provisions of section
711, an NGEP, insured depository
institution, or affiliate may withhold
from the public information that the
party believes the relevant supervisory
agency could withhold from disclosure
under the FOIA.8 Information contained
in covered agreements may be exempt
from disclosure under exemption 4 of
the FOIA, which protects nonpublic
commercial or financial information,
which is both customarily and actually
treated as private by the respondent.9
Information contained in covered
agreements may also be exempt from
disclosure under exemption 6 of the
FOIA, which protects information about
individuals in personnel and medical
files the disclosure of which ‘‘would
constitute a clearly unwarranted
invasion of personal privacy,’’ 10 and
under exemption 8 of the FOIA, which
protects information contained in
‘‘examination, operating, or condition
reports’’ obtained in the bank
supervisory process.11
Current actions: On July 26, 2022, the
Board published an initial notice in the
Federal Register (87 FR 44392)
requesting public comment for 60 days
on the extension, without revision, of
the FR G. The comment period for this
notice expired on September 26, 2022.
The Board did not receive any
comments.
12 CFR part 207.
Codified at 12 U.S.C. 1831y.
3 12 U.S.C. 2901 et seq.
4 12 U.S.C. 1831y(h)(1).
5 The Board noted in the preamble to Regulation
G that section 711 would require disclosure of some
types of information that an agency might normally
withhold from disclosure under the FOIA and that
the Board would not keep information confidential
under the FOIA that a party would be required to
disclose under section 711. Disclosure and
Reporting of CRA-Related Agreements, 66 FR 2052,
2066–2067 (Jan. 10, 2001).
6 Id.
AGENCY:
1
khammond on DSKJM1Z7X2PROD with NOTICES
2
VerDate Sep<11>2014
16:29 Nov 28, 2022
Jkt 259001
Board of Governors of the Federal Reserve
System, November 22, 2022.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2022–25969 Filed 11–28–22; 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, with revision, the Structure
Id.
12 CFR 207.6(b)(2).
9 5 U.S.C. 552(b)(4).
10 5 U.S.C. 552(b)(6).
11 5 U.S.C. 552(b)(8).
7
8
PO 00000
Frm 00026
Fmt 4703
Sfmt 4703
Reporting and Recordkeeping
Requirements for Domestic and Foreign
Banking Organizations (FR Y–6, FR Y–
7, FR Y–10, and FR Y–10E; OMB No.
7100–0297).
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, nuha.elmaghrabi@frb.gov, (202)
452–3884.
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
(which contain more detailed
information about the information
collections and burden estimates than
this notice), 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/
reportingforms/home/review 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, With Revision, of the Following
Information Collection
Collection title: Annual Report of
Holding Companies; Annual Report of
Foreign Banking Organizations; Report
of Changes in Organizational Structure;
Supplement to the Report of Changes in
Organizational Structure.
Collection identifier: FR Y–6; FR Y–7;
FR Y–10; and FR Y–10E.
OMB control number: 7100–0297.
Effective Date: The effective dates are
as follows:
March 31, 2023:
• Revised the FR Y–10 definition of
‘‘control’’ in the Glossary section of the
instructions.
December 31, 2024:
• Revised the FR Y–6 to automate and
add a standard template for reporting
E:\FR\FM\29NON1.SGM
29NON1
]]>Agencies
[Federal Register Volume 87, Number 228 (Tuesday, November 29, 2022)]
[Notices]
[Pages 73303-73304]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-25969]
-----------------------------------------------------------------------
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
Reporting and Disclosure Requirements of Community Reinvestment Act
(CRA)-Related Agreements (Regulation G) (FR G; OMB No. 7100-0299).
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, [email protected], (202) 452-3884.
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 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
Collection title: Reporting and Disclosure Requirements of
Community Reinvestment Act (CRA)-Related Agreements.
Collection identifier: FR G.
OMB control number: 7100-0299.
Frequency: Annually and quarterly.
Respondents: State member banks and their subsidiaries; bank
holding companies; savings and loan holding companies; affiliates of
bank holding companies and savings and loan holding companies, other
than banks, savings associations, and subsidiaries of banks and savings
associations; and nongovernmental entities or persons (NGEPs) that
enter into covered agreements with any of the aforementioned entities.
Estimated number of respondents: Reporting: insured depository
institutions (IDIs) and affiliates--Copy of agreements to agency, 1;
List of agreements to agency, 1; Annual report, 1; Filing NGEP annual
report, 1; Reporting: NGEP--Copy of agreements to agency, 2, Annual
report, 2; Disclosure: IDI and affiliates--Covered agreements to
public, 1, Agreements
[[Page 73304]]
relating to activities of CRA affiliates, 1; and Disclosure: NGEP
Covered agreements to public, 2.
Estimated average hours per response: Reporting: IDI and
affiliates--Copy of agreements to agency, 1; List of agreements to
agency, 1; Annual report, 4; Filing NGEP annual report, 1; Reporting:
NGEP--Copy of agreements to agency, 1, Annual report, 4; Disclosure:
IDI and affiliates--Covered agreements to public, 1, Agreements
relating to activities of CRA affiliates, 1; and Disclosure: NGEP
Covered agreements to public, 1.
Estimated annual burden hours: Reporting: IDI and affiliates--Copy
of agreements to agency, 2; List of agreements to agency, 2; Annual
report, 4; Filing NGEP annual report, 1; Reporting: NGEP--Copy of
agreements to agency, 2, Annual report, 8; Disclosure: IDI and
affiliates--Covered agreements to public, 2, Agreements relating to
activities of CRA affiliates, 2; and Disclosure: NGEP Covered
agreements to public, 2.
General description of collection: Regulation G--Disclosure and
Reporting of CRA-Related Agreements \1\ implements section 711 of the
Gramm-Leach-Bliley Act (GLBA),\2\ which requires IDIs, affiliates of
IDIs, and NGEPs to disclose written agreements entered into in
connection with fulfillment of the CRA.\3\
---------------------------------------------------------------------------
\1\ 12 CFR part 207.
\2\ Codified at 12 U.S.C. 1831y.
\3\ 12 U.S.C. 2901 et seq.
---------------------------------------------------------------------------
Legal authorization and confidentiality: The disclosure and
reporting requirements of Regulation G are authorized pursuant to the
Board's authority to prescribe regulations to carry out the purposes of
section 711 of GLBA.\4\ The FR G disclosure and reporting requirements
are mandatory.
---------------------------------------------------------------------------
\4\ 12 U.S.C. 1831y(h)(1).
---------------------------------------------------------------------------
The disclosure and reporting requirements of section 711 and
Regulation G require relevant parties to disclose covered agreements to
the public.\5\ However, as explained in the preamble to Regulation G,
an entity subject to Regulation G may submit separate public and
complete versions of its covered agreements to the Board with a request
for confidential treatment for the complete version.\6\ As stated in
the preamble, the Board would release only the public version unless it
received a request under the Freedom of Information Act (FOIA) for the
entirety of the CRA-related agreement.\7\
---------------------------------------------------------------------------
\5\ The Board noted in the preamble to Regulation G that section
711 would require disclosure of some types of information that an
agency might normally withhold from disclosure under the FOIA and
that the Board would not keep information confidential under the
FOIA that a party would be required to disclose under section 711.
Disclosure and Reporting of CRA-Related Agreements, 66 FR 2052,
2066-2067 (Jan. 10, 2001).
\6\ Id.
\7\ Id.
---------------------------------------------------------------------------
Regulation G states that in responding to a request for a covered
agreement from an individual or entity under the public disclosure
provisions of section 711, an NGEP, insured depository institution, or
affiliate may withhold from the public information that the party
believes the relevant supervisory agency could withhold from disclosure
under the FOIA.\8\ Information contained in covered agreements may be
exempt from disclosure under exemption 4 of the FOIA, which protects
nonpublic commercial or financial information, which is both
customarily and actually treated as private by the respondent.\9\
Information contained in covered agreements may also be exempt from
disclosure under exemption 6 of the FOIA, which protects information
about individuals in personnel and medical files the disclosure of
which ``would constitute a clearly unwarranted invasion of personal
privacy,'' \10\ and under exemption 8 of the FOIA, which protects
information contained in ``examination, operating, or condition
reports'' obtained in the bank supervisory process.\11\
---------------------------------------------------------------------------
\8\ 12 CFR 207.6(b)(2).
\9\ 5 U.S.C. 552(b)(4).
\10\ 5 U.S.C. 552(b)(6).
\11\ 5 U.S.C. 552(b)(8).
---------------------------------------------------------------------------
Current actions: On July 26, 2022, the Board published an initial
notice in the Federal Register (87 FR 44392) requesting public comment
for 60 days on the extension, without revision, of the FR G. The
comment period for this notice expired on September 26, 2022. The Board
did not receive any comments.
Board of Governors of the Federal Reserve System, November 22,
2022.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2022-25969 Filed 11-28-22; 8:45 am]
BILLING CODE 6210-01-P
