Proposed Agency Information Collection Activities; Comment Request, 12342-12343 [2024-03221]

Download as PDF 12342 Federal Register / Vol. 89, No. 33 / Friday, February 16, 2024 / Notices 1. FSBH, Inc., Dallas, Texas; to become a bank holding company by merging with Farmers Bancshares, Inc., and thereby indirectly acquiring Farmers State Bank, both of Center, Texas. Board of Governors of the Federal Reserve System. Michele Taylor Fennell, Deputy Associate Secretary of the Board. [FR Doc. 2024–03213 Filed 2–15–24; 8:45 am] BILLING CODE 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, with revision, the Margin Credit Reports (FR G–1, FR G–2, FR G– 3, FR G–4, FR T–4, and FR U–1; OMB No. 7100–0011). DATES: Comments must be submitted on or before April 16, 2024. ADDRESSES: You may submit comments, identified by FR G–1, FR G–2, FR G–3, FR G–4, FR T–4, or FR U–1, 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 a.m. and 5 p.m. on weekdays, except for Federal holidays. lotter on DSK11XQN23PROD with NOTICES1 SUMMARY: VerDate Sep<11>2014 17:24 Feb 15, 2024 Jkt 262001 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, 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 PO 00000 Frm 00041 Fmt 4703 Sfmt 4703 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. Proposal Under OMB Delegated Authority To Extend for Three Years, With Revision, the Following Information Collection Collection title: Margin Credit Reports. Collection identifier: FR G–1, FR G–2, FR G–3, FR G–4, FR T–4, and FR U–1. OMB control number: 7100–0011. General description of collection: The Margin Credit Reports is comprised of the following six reports: Registration Statement for Persons Who Extend Credit Secured by Margin Stock (Other Than Banks, Brokers, or Dealers) (FR G– 1), Deregistration Statement for Persons Registered Pursuant to Regulation U (FR G–2), Statement of Purpose for an Extension of Credit Secured by Margin Stock by a Person Subject to Registration Under Regulation U (FR G– 3), Annual Report (FR G–4), Statement of Purpose for an Extension of Credit by a Creditor (FR T–4), and Statement of Purpose for an Extension of Credit Secured by Margin Stock (FR U–1). These reports relate to extensions of credit secured by margin stock. The Board collects the information gathered by the Margin Credit Reports so that it may meet certain obligations under the Securities Exchange Act of 1934. Certain lenders that are not brokers, dealers, or banks making loans secured by margin stock must register and deregister with the Federal Reserve using the FR G–1 and FR G–2, respectively, and must file an annual report (FR G–4) while registered. The FR G–1, FR G–2, and FR G–4 reporting requirements collect data used to identify lenders subject to the Board’s Regulation U to verify their compliance E:\FR\FM\16FEN1.SGM 16FEN1 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

Agencies

[Federal Register Volume 89, Number 33 (Friday, February 16, 2024)]
[Notices]
[Pages 12342-12343]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-03221]


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FEDERAL RESERVE SYSTEM


Proposed Agency Information Collection Activities; Comment 
Request

AGENCY: Board of Governors of the Federal Reserve System.

ACTION: Notice, request for comment.

-----------------------------------------------------------------------

SUMMARY: The Board of Governors of the Federal Reserve System (Board) 
invites comment on a proposal to extend for three years, with revision, 
the Margin Credit Reports (FR G-1, FR G-2, FR G-3, FR G-4, FR T-4, and 
FR U-1; OMB No. 7100-0011).

DATES: Comments must be submitted on or before April 16, 2024.

ADDRESSES: You may submit comments, identified by FR G-1, FR G-2, FR G-
3, FR G-4, FR T-4, or FR U-1, 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: [email protected]. 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 a.m. and 5 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 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, [email protected], (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.federalreserve.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;
    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, With 
Revision, the Following Information Collection

    Collection title: Margin Credit Reports.
    Collection identifier: FR G-1, FR G-2, FR G-3, FR G-4, FR T-4, and 
FR U-1.
    OMB control number: 7100-0011.
    General description of collection: The Margin Credit Reports is 
comprised of the following six reports: Registration Statement for 
Persons Who Extend Credit Secured by Margin Stock (Other Than Banks, 
Brokers, or Dealers) (FR G-1), Deregistration Statement for Persons 
Registered Pursuant to Regulation U (FR G-2), Statement of Purpose for 
an Extension of Credit Secured by Margin Stock by a Person Subject to 
Registration Under Regulation U (FR G-3), Annual Report (FR G-4), 
Statement of Purpose for an Extension of Credit by a Creditor (FR T-4), 
and Statement of Purpose for an Extension of Credit Secured by Margin 
Stock (FR U-1). These reports relate to extensions of credit secured by 
margin stock. The Board collects the information gathered by the Margin 
Credit Reports so that it may meet certain obligations under the 
Securities Exchange Act of 1934.
    Certain lenders that are not brokers, dealers, or banks making 
loans secured by margin stock must register and deregister with the 
Federal Reserve using the FR G-1 and FR G-2, respectively, and must 
file an annual report (FR G-4) while registered. The FR G-1, FR G-2, 
and FR G-4 reporting requirements collect data used to identify lenders 
subject to the Board's Regulation U to verify their compliance

[[Page 12343]]

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; plan-
lenders (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\
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    \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.

    Board of Governors of the Federal Reserve System, February 12, 
2024.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2024-03221 Filed 2-15-24; 8:45 am]
BILLING CODE 6210-01-P
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