Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 12343-12344 [2024-03220]

Download as PDF lotter on DSK11XQN23PROD with NOTICES1 Federal Register / Vol. 89, No. 33 / Friday, February 16, 2024 / Notices with the regulation and to monitor margin credit. The FR T–4, FR U–1, and FR G–3 are forms that implement recordkeeping requirements for brokers and dealers, banks, and other lenders, respectively. The FR T–4 documents the purpose of credit being extended when that credit is not to purchase, carry, or trade in securities and the credit is in excess of that otherwise permitted under Regulation T. The FR G–3 and FR U–1 document the purpose of loans secured by margin stock. Proposed revisions: The Board proposes to revise the FR G–1 and FR G–4 by updating the confidentiality treatment as contained in the reporting instructions to state that individual respondents may request that information submitted to the Board through the FR G–1 and FR G–4 be kept confidential and the Board will evaluate whether such treatment is appropriate on a case-by-case basis. The reports currently state that the Board considers the information submitted to be confidential. The Board believes these changes more accurately reflect its obligations under the Privacy Act of 1974, 5 U.S.C. 552a. There are no changes being proposed to the FR G–2, FR G–3, FR T–4, or FR U–1. Frequency: Event-generated. Respondents: The FR G–1, FR G–2, FR G–3, and FR G–4 panels comprise lenders, other than banks, brokers, or dealers, that extend margin credit, including federal and state credit unions; insurance companies; commercial and consumer credit organizations; production credit associations; small businesses; insurance premium funding plans; planlenders (a company or its affiliate that extends credit to employees to purchase company stock under an eligible employee stock option or stock purchase plan); and lenders to Employee Stock Ownership Plans (ESOPs), thrift plans, and broker-dealer affiliates. The FR T–4 panel comprises brokers and dealers and the FR U–1 panel comprises banks. Total estimated number of respondents: FR G–1, 25; FR G–2, 12; FR G–3, 10; FR G–4, 129; FR T–4, 14; FR U–1, 14. Estimated average hours per response: FR G–1, 1.65; FR G–2, 0.53; FR G–3, 0.25; FR G–4, 2.07; FR T–4, 0.25; FR U– 1, 0.25. Total estimated annual burden hours: 697.1 Board of Governors of the Federal Reserve System, February 12, 2024. Michele Taylor Fennell, Deputy Associate Secretary of the Board. 1 More detailed information regarding this collection, including more detailed burden estimates, can be found in the OMB Supporting Statement posted at https://www.federalreserve.gov/ apps/reportingforms/home/review. On the page displayed at the link, you can find the OMB Supporting Statement by referencing the collection identifier, FR GTU. VerDate Sep<11>2014 17:24 Feb 15, 2024 Jkt 262001 [FR Doc. 2024–03221 Filed 2–15–24; 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, Recordkeeping, and Disclosure Provisions Associated with the Guidance on Response Programs for Unauthorized Access to Customer Information and Customer Notice (FR 4100; OMB No. 7100–0309). 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.federal AGENCY: PO 00000 Frm 00042 Fmt 4703 Sfmt 4703 12343 reserve.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, Without Revision, of the Following Information Collection Collection title: Reporting, Recordkeeping, and Disclosure Provisions Associated with the Guidance on Response Programs for Unauthorized Access to Customer Information and Customer Notice. Collection identifier: FR 4100. OMB control number: 7100–0309. General description of collection: The FR 4100 is the Board’s information collection associated with the Interagency Guidance on Response Programs for Unauthorized Access to Customer Information and Customer Notice (ID-Theft Guidance or Guidance). The ID-Theft Guidance was published in the Federal Register in March 2005.1 The ID-Theft Guidance was issued in response to developing trends in the theft and accompanying misuse of customer information. The Guidance includes certain voluntary reporting, recordkeeping, and disclosure provisions. Frequency: Event-generated. Respondents: State member banks, bank holding companies (BHCs), affiliates and certain non-banking subsidiaries of BHCs, uninsured state agencies and branches of foreign banks, commercial lending companies owned or controlled by foreign banks, savings and loan holding companies, and Edge and agreement corporations. Total estimated number of respondents: 391. Total estimated annual burden hours: 12,120.2 Current actions: On September 28, 2023, the Board published a notice in the Federal Register (88 FR 66845) requesting public comment for 60 days on the extension, without revision, of the FR 4100. The comment period for this notice expired on November 27, 2023. The Board did not receive any comments. 1 See 70 FR 15736 (March 29, 2005). detailed information regarding this collection, including more detailed burden estimates, can be found in the OMB Supporting Statement posted at https://www.federalreserve.gov/ apps/reportingforms/home/review. On the page displayed at the link, you can find the OMB Supporting Statement by referencing the collection identifier, FR 4100. 2 More E:\FR\FM\16FEN1.SGM 16FEN1 12344 Federal Register / Vol. 89, No. 33 / Friday, February 16, 2024 / Notices Board of Governors of the Federal Reserve System, February 12, 2024. Michele Taylor Fennell, Deputy Associate Secretary of the Board. [FR Doc. 2024–03220 Filed 2–15–24; 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 for three years, without revision, the Recordkeeping Requirements Associated with Regulation F (FR F; OMB No. 7100–0331). DATES: Comments must be submitted on or before April 16, 2024. ADDRESSES: You may submit comments, identified by FR F, by any of the following methods: • Agency Website: https://www. federalreserve.gov/. Follow the 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: Federal Reserve Board of Governors, Attn: Ann E. Misback, Secretary of the Board, Mailstop M– 4775, 2001 C St. 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 M– 4365A, 2001 C St. NW, Washington, DC 20551, between 9:00 a.m. and 5:00 p.m. on weekdays, except for Federal holidays. 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 lotter on DSK11XQN23PROD with NOTICES1 SUMMARY: VerDate Sep<11>2014 17:24 Feb 15, 2024 Jkt 262001 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, nuha.elmaghrabi@frb.gov, (202) 452–3884. 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 comments received from the public and other agencies. During the comment period for this proposal, a copy of the proposed PRA OMB submission, including the draft reporting form and instructions, supporting statement (which contains more detail about the information collection and burden estimates than this notice), and other documentation, will be made available on the Board’s public website at https://www.federal reserve.gov/apps/reportingforms/home/ review 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; PO 00000 Frm 00043 Fmt 4703 Sfmt 4703 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. Proposal Under OMB Delegated Authority To Extend for Three Years, Without Revision, Following Information Collection Collection title: Recordkeeping Requirements Associated with Regulation F. Collection identifier: FR F. OMB control number: 7100–0331. General description of collection: The Board’s Regulation F—Limitations on Interbank Liabilities (12 CFR part 206) establishes limits on depository institutions’ credit exposure to individual correspondents in order to mitigate the risk that the failure of a correspondent would pose to an insured depository institution.1 Section 206.3 of Regulation F requires insured depository institutions to establish and maintain policies and procedures designed to prevent excessive exposure to correspondents. Frequency: This information collection contains recordkeeping requirements. The creation of written policies and procedures concerning interbank liabilities is a mandatory onetime requirement. Subsequent changes to these policies and procedures would be on occasion, and they must be reviewed and approved by the depository institution’s board of directors at least annually. The policies and procedures must be maintained, as amended. Respondents: All depository institutions insured by the Federal Deposit Insurance Corporation (FDIC).2 Total estimated number of respondents: 4,655. Total estimated annual burden hours: 4,753.3 1 Correspondent means a U.S. depository institution or a foreign bank to which a bank has exposure but does not include a commonly controlled correspondent. 12 CFR 206.2(c). 2 The Board takes burden under the Paperwork Reduction Act with respect to all such entities. 3 More detailed information regarding this collection, including more detailed burden E:\FR\FM\16FEN1.SGM 16FEN1

Agencies

[Federal Register Volume 89, Number 33 (Friday, February 16, 2024)]
[Notices]
[Pages 12343-12344]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-03220]


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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 
Reporting, Recordkeeping, and Disclosure Provisions Associated with the 
Guidance on Response Programs for Unauthorized Access to Customer 
Information and Customer Notice (FR 4100; OMB No. 7100-0309).

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 (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, Without Revision, of the Following Information Collection

    Collection title: Reporting, Recordkeeping, and Disclosure 
Provisions Associated with the Guidance on Response Programs for 
Unauthorized Access to Customer Information and Customer Notice.
    Collection identifier: FR 4100.
    OMB control number: 7100-0309.
    General description of collection: The FR 4100 is the Board's 
information collection associated with the Interagency Guidance on 
Response Programs for Unauthorized Access to Customer Information and 
Customer Notice (ID-Theft Guidance or Guidance). The ID-Theft Guidance 
was published in the Federal Register in March 2005.\1\
---------------------------------------------------------------------------

    \1\ See 70 FR 15736 (March 29, 2005).
---------------------------------------------------------------------------

    The ID-Theft Guidance was issued in response to developing trends 
in the theft and accompanying misuse of customer information. The 
Guidance includes certain voluntary reporting, recordkeeping, and 
disclosure provisions.
    Frequency: Event-generated.
    Respondents: State member banks, bank holding companies (BHCs), 
affiliates and certain non-banking subsidiaries of BHCs, uninsured 
state agencies and branches of foreign banks, commercial lending 
companies owned or controlled by foreign banks, savings and loan 
holding companies, and Edge and agreement corporations.
    Total estimated number of respondents: 391.
    Total estimated annual burden hours: 12,120.\2\
---------------------------------------------------------------------------

    \2\ More detailed information regarding this collection, 
including more detailed burden estimates, can be found in the OMB 
Supporting Statement posted at https://www.federalreserve.gov/apps/reportingforms/home/review. On the page displayed at the link, you 
can find the OMB Supporting Statement by referencing the collection 
identifier, FR 4100.
---------------------------------------------------------------------------

    Current actions: On September 28, 2023, the Board published a 
notice in the Federal Register (88 FR 66845) requesting public comment 
for 60 days on the extension, without revision, of the FR 4100. The 
comment period for this notice expired on November 27, 2023. The Board 
did not receive any comments.


[[Page 12344]]


    Board of Governors of the Federal Reserve System, February 12, 
2024.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2024-03220 Filed 2-15-24; 8:45 am]
BILLING CODE 6210-01-P
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