80 FR 19986 - Proposed Agency Information Collection Activities; Comment Request
FEDERAL RESERVE SYSTEM Federal Register Volume 80, Issue 71 (April 14, 2015)
Federal Register Volume 80, Issue 71 (April 14, 2015)
| Page Range | 19986-19988 | |
| FR Document | 2015-08406 |
[Federal Register Volume 80, Number 71 (Tuesday, April 14, 2015)] [Notices] [Pages 19986-19988] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-08406] ======================================================================= ----------------------------------------------------------------------- FEDERAL RESERVE SYSTEM Proposed Agency Information Collection Activities; Comment Request AGENCY: Board of Governors of the Federal Reserve System. SUMMARY: On June 15, 1984, Office of Management and Budget (OMB) delegated to the Board of Governors of the Federal Reserve System (Board) its authority under the Paperwork Reduction Act (PRA), to approve and assign OMB control numbers to collection of information requests and requirements conducted or sponsored by the Board. Board- approved collections of information are incorporated into the official OMB inventory of currently approved collections of information. Copies of the PRA Submission, supporting statements, and approved collection of information instruments are placed into OMB's public docket files. The Board may not conduct or sponsor, and the respondent is not required to respond to, an information collection that has been extended, revised, or implemented on or after October 1, that has been extended, revised, or implemented on or after October 1, 1995, unless it displays a currently valid OMB control number. DATES: Comments must be submitted on or before June 15, 2015. ADDRESSES: You may submit comments, identified by FR 2064, FR 3051, or FR 4202, by any of the following methods:Agency Web site: http://www.federalreserve.gov. Follow the instructions for submitting comments at http://www.federalreserve.gov/apps/foia/proposedregs.aspx. Federal eRulemaking Portal: http://www.regulations.gov. Follow the instructions for submitting comments. Email: [email protected]. Include OMB number in the subject line of the message. FAX: (202) 452-3819 or (202) 452-3102. Mail: Robert deV. Frierson, Secretary, Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue NW., Washington, DC 20551. All public comments are available from the Board's Web site at http://www.federalreserve.gov/apps/foia/proposedregs.aspx as submitted, unless modified for technical reasons. Accordingly, your comments will not be edited to remove any identifying or contact information. Public comments may also be viewed electronically or in paper form in Room 3515, 1801 K Street (between 18th and 19th Streets NW.) Washington, DC 20006 between 9:00 a.m. and 5:00 p.m. on weekdays. Additionally, commenters may send a copy of their comments to the OMB Desk Officer--Shagufta Ahmed--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: A copy of the PRA OMB submission, including the proposed reporting form and instructions, supporting statement, and other documentation will be placed into OMB's public docket files, once approved. These documents will also be made available on the Federal Reserve Board's public Web site at: http://www.federalreserve.gov/apps/reportforms/review.aspx or may be [[Page 19987]] requested from the agency clearance officer, whose name appears below. Federal Reserve Board Acting Clearance Officer--Mark Tokarski-- Office of the Chief Data Officer, Board of Governors of the Federal Reserve System, Washington, DC 20551 (202) 452-3829. Telecommunications Device for the Deaf (TDD) users may contact (202) 263-4869, Board of Governors of the Federal Reserve System, Washington, DC 20551. SUPPLEMENTARY INFORMATION: Request for Comment on Information Collection Proposals The following information collections, which are being handled under this delegated authority, have received initial Board approval and are hereby published for comment. At the end of the comment period, the proposed information collections, along with an analysis of comments and recommendations received, will be submitted to the Board for final approval under OMB delegated authority. Comments are invited on the following: a. Whether the proposed collection of information is necessary for the proper performance of the Federal Reserve'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 start up costs and costs of operation, maintenance, and purchase of services to provide information. Proposal To Approve Under OMB Delegated Authority the Extension for Three Years, Without Revision, of the Following Reports 1. Report title: Recordkeeping Requirements Associated with Changes in Foreign Investments (Made Pursuant to Regulation K). Agency form number: FR 2064. OMB control number: 7100-0109. Frequency: On-occasion. Reporters: State member banks, Edge Act and agreement corporations, and bank holding companies. Estimated annual reporting hours: 160 hours. Estimated average hours per response: 2 hours. Number of respondents: 20. General description of report: The recordkeeping requirements of this information collection are mandatory under section 5(c) of the BHC Act (12 U.S.C. 1844(c)); sections 7 and 13(a) of the International Banking Act of 1978 (12 U.S.C. 3105 and 3108(a)); section 25 of the Federal Reserve Act (FRA) (12 U.S.C. 601-604a); section 25A of the FRA (12 U.S.C. 611-631); and Regulation K (12 CFR 211.8(c)-211.10(a)). Since the Federal Reserve does not collect any records, no issue of confidentiality under the Freedom of Information Act (FOIA) arises. FOIA will only be implicated if the Federal Reserve's examiners retain a copy of the records in their examination or supervision of the institution, and would be exempt from disclosure pursuant to FOIA (5 U.S.C. 552(b)(4), (b)(6), and (b)(8)). Abstract: Internationally active U.S banking organizations are required to maintain adequate internal records that demonstrate compliance with the investment provisions contained in Subpart A of International Banking Operations (Regulation K). For each investment made under Subpart A of Regulation K, internal records should be maintained regarding the type of investment, for example, equity (voting shares, nonvoting shares, partnerships, interests conferring ownership rights, participating loans), binding commitments, capital contributions, and subordinated debt; the amount of the investment; the percentage ownership; activities conducted by the company and the legal authority for such activities; and whether the investment was made under general consent, prior notice, or specific consent authority. With respect to investments made under general consent authority, information also must be maintained that demonstrates compliance with the various limits set out in section 211.9 of Regulation K. 2. Report title: Microeconomic Survey. Agency form number: FR 3051. OMB control number: 7100-0321. Frequency: Annually and monthly, as needed. Reporters: Individuals, households, and financial and non-financial businesses. Estimated annual reporting hours: Annual survey, 6,000 hours; Monthly survey, 18,000 hours. Estimated average hours per response: Annual survey, 60 minutes; Monthly survey, 30 minutes. Number of respondents: Annual survey, 6,000; Monthly survey, 3,000. General description of report: This information collection is voluntary and is authorized by sections 2A and 12A of the Federal Reserve Act (12 U.S.C. 225A and 263). If needed, the Federal Reserve can make this survey mandatory for Federal Reserve regulated institutions under section 9 of the Federal Reserve Act (12 U.S.C. 324) for state member banks; section 5(c) of the Bank Holding Company Act (12 U.S.C. 1844(c)) for bank holding companies and their subsidiaries; sections 25 and 25(A) of the Federal Reserve Act (12 U.S.C. 602 and 625) for Edge and agreement corporations; and section 7(c)(2) of the International Banking Act of 1978 (12 U.S.C. 3105(c)(2)) for U.S. branches and agencies of foreign banks. If the FR 3051 survey information is collected with a pledge of confidentiality for exclusively statistical purposes under Confidential Information Protection and Statistical Efficiency Act (CIPSEA), the information may not be disclosed by the Federal Reserve (or its contractor) in identifiable form, except with the informed consent of the respondent (CIPSEA 512(b), codified in notes to 44 U.S.C. 3501). Such information is therefore protected from disclosure under exemption 3 of the Freedom of Information Act (FOIA) (5 U.S.C. 552(b)(3)). If a CIPSEA pledge is made, either by the Federal Reserve or by its contractor, the Federal Reserve must safeguard the information as required by CIPSEA and OMB guidance. If the FR 3051 survey information is not being collected under CIPSEA, the ability of the Federal Reserve to maintain the confidentiality of information provided by respondents will have to be determined on a case-by-case basis and depends on the type of information provided for a particular survey. In circumstances where identifying information is provided to the Federal Reserve, such information could possibly be protected from disclosure by FOIA exemptions 4 and 6. Abstract: The Federal Reserve implemented this event-driven survey in 2009 and uses it to obtain information specifically tailored to the Federal Reserve's supervisory, regulatory, operational, and other responsibilities. The Federal Reserve can conduct the FR 3051 up to 13 times per year (annual survey and another survey on a monthly basis). The frequency and content of the questions depend on changing economic, regulatory, or legislative developments. [[Page 19988]] 3. Report title: Recordkeeping and Disclosure Provisions associated with Stress Testing Guidance. Agency form number: FR 4202. OMB control number: 7100-0348. Frequency: On-occasion. Reporters: State member banks, bank holding companies, and all other institutions for which the Federal Reserve is the primary federal supervisor. Estimated annual reporting hours: Recordkeeping, 18,000 hours; Disclosure, 8,000 hours. Estimated average hours per response: Recordkeeping, 180 hours; Disclosure, 80 hours. Number of respondents: Recordkeeping, 100; Disclosure, 100. General description of report: This information collection is voluntary and is authorized pursuant to sections 11(a), 11(i), 25, and 25A of the Federal Reserve Act (12 U.S.C. 248(a), 248(i), 602, and 611), section 5 of the Bank Holding Company Act (12 U.S.C. 1844), and section 7(c) of the International Banking Act (12 U.S.C. 3105(c)). To the extent the Federal Reserve collects information during an examination of a banking organization, confidential treatment may be afforded to the records under exemptions 4 and 8 of the Freedom of Information Act (FOIA) (5 U.S.C. 552(b)(4) and (8)). Abstract: The interagency guidance outlines high-level principles for stress testing practices, applicable to all Federal Reserve- supervised, FDIC-supervised, and OCC-supervised banking organizations \1\ with more than $10 billion in total consolidated assets. In developing a stress testing framework and in carrying out stress tests, banking organizations \2\ should understand and clearly document all assumptions, uncertainties, and limitations, and provide that information to users of the stress testing results. To ensure proper governance over the stress testing framework, banking organizations should develop and maintain written policies and procedures. --------------------------------------------------------------------------- \1\ The agencies that were party to the rulemaking were the Office of the Comptroller of the Currency (OCC); Board of Governors of the Federal Reserve System (Board); and Federal Deposit Insurance Corporation (FDIC). \2\ For purposes of this guidance, the term ``banking organization'' means national banks and Federal branches and agencies supervised by the OCC; state member banks, bank holding companies, and all other institutions for which the Federal Reserve is the primary federal supervisor; and state nonmember insured banks and other institutions supervised by the FDIC. Board of Governors of the Federal Reserve System, April 8, 2015. Robert deV. Frierson, Secretary of the Board. [FR Doc. 2015-08406 Filed 4-13-15; 8:45 am] BILLING CODE 6210-01-P
![19986 Federal Register / Vol. 80, No. 71 / Tuesday, April 14, 2015 / Notices
FOR FURTHER INFORMATION CONTACT: Gary U.S.C. 1821 and 1823, in a manner that PRA Submission, supporting
A. Kuiper or John Popeo, at the FDIC ensures that depositors receive access to statements, and approved collection of
address above. their insured deposits within one information instruments are placed into
SUPPLEMENTARY INFORMATION: Proposal business day of the institution’s failure OMB’s public docket files. The Board
to renew the following currently- (two business days if the failure occurs may not conduct or sponsor, and the
approved collections of information: on a day other than Friday), maximizes respondent is not required to respond
1. Title: Assessment Rate Adjustment the net present value return from the to, an information collection that has
Guidelines for Large and Highly sale or disposition of its assets and been extended, revised, or implemented
Complex Institutions. minimizes the amount of any loss to be on or after October 1, that has been
OMB Number: 3064–0179. realized by the institution’s creditors. extended, revised, or implemented on or
Affected Public: Large and highly The Rule seeks to address the after October 1, 1995, unless it displays
complex depository institutions. continuing exposure of the banking a currently valid OMB control number.
Estimated Number of Respondents: industry to the risks of insolvency of DATES: Comments must be submitted on
11. large and complex insured depository or before June 15, 2015.
Estimated Time per Response: 80 institutions, an exposure that can be ADDRESSES: You may submit comments,
hours. mitigated with proper resolution identified by FR 2064, FR 3051, or FR
Frequency of Response: Annual. planning. 4202, by any of the following methods:
Estimated Total Annual Burden: 880 Request for Comment • Agency Web site: http://
hours. www.federalreserve.gov. Follow the
General Description of Collection: Comments are invited on: (a) Whether instructions for submitting comments at
These guidelines established a process the collections of information are http://www.federalreserve.gov/apps/
through which large and highly necessary for the proper performance of foia/proposedregs.aspx.
complex depository institutions could the FDIC’s functions, including whether • Federal eRulemaking Portal: http://
request a deposit insurance assessment the information has practical utility; (b) www.regulations.gov. Follow the
rate adjustment from the FDIC. the accuracy of the estimates of the instructions for submitting comments.
2. Title: Resolution Plans Required for burden of the information collections, • Email: regs.comments@
Insured Depository Institutions With including the validity of the federalreserve.gov. Include OMB
$50 Billion or More in Total Assets. methodology and assumptions used; (c) number in the subject line of the
OMB Number: 3064–0185. ways to enhance the quality, utility, and message.
Affected Public: Large and highly clarity of the information to be • FAX: (202) 452–3819 or (202) 452–
complex depository institutions. collected; and (d) ways to minimize the 3102.
A. Estimated Number of Respondents burden of the information collections on • Mail: Robert deV. Frierson,
for Contingent Resolution Plan: 37. respondents, including through the use Secretary, Board of Governors of the
Frequency of Response: Once. of automated collection techniques or Federal Reserve System, 20th Street and
Estimated Time per Response: 7,200 other forms of information technology. Constitution Avenue NW., Washington,
hours per respondent. All comments will become a matter of DC 20551.
Estimated Total Burden: 266,400 public record. All public comments are available
hours. Dated at Washington, DC, this 8th day of from the Board’s Web site at http://
B. Estimated Number of Respondents April 2015. www.federalreserve.gov/apps/foia/
for Annual Update of Resolution Plan: Federal Deposit Insurance Corporation. proposedregs.aspx as submitted, unless
37. Robert E. Feldman, modified for technical reasons.
Frequency of Response: Annual. Executive Secretary. Accordingly, your comments will not be
Estimated Time Per Response: 452 [FR Doc. 2015–08445 Filed 4–13–15; 8:45 am]
edited to remove any identifying or
hours per respondent. contact information. Public comments
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Estimated Total Burden: 16,724 may also be viewed electronically or in
hours. paper form in Room 3515, 1801 K Street
C. Estimated Number of Respondents (between 18th and 19th Streets NW.)
FEDERAL RESERVE SYSTEM Washington, DC 20006 between 9:00
for Notice of Material Change Affecting
Resolution Plan: 37. Proposed Agency Information a.m. and 5:00 p.m. on weekdays.
Frequency of Response: Zero-to-two Collection Activities; Comment Additionally, commenters may send a
times annually. Request copy of their comments to the OMB
Estimated Time per Response: 226 Desk Officer—Shagufta Ahmed—Office
hours per respondent. AGENCY: Board of Governors of the of Information and Regulatory Affairs,
Estimated Total Burden: 16,724 Federal Reserve System. Office of Management and Budget, New
hours. SUMMARY: On June 15, 1984, Office of Executive Office Building, Room 10235,
General Description of Collection: Management and Budget (OMB) 725 17th Street NW., Washington, DC
This Rule requires an insured delegated to the Board of Governors of 20503 or by fax to (202) 395–6974.
depository institution with $50 billion the Federal Reserve System (Board) its FOR FURTHER INFORMATION CONTACT: A
or more in total assets to submit authority under the Paperwork copy of the PRA OMB submission,
periodically to the FDIC a contingent Reduction Act (PRA), to approve and including the proposed reporting form
asabaliauskas on DSK5VPTVN1PROD with NOTICES
plan for the resolution of such assign OMB control numbers to and instructions, supporting statement,
institution in the event of its failure collection of information requests and and other documentation will be placed
(‘‘Resolution Plan’’). The Rule requires a requirements conducted or sponsored into OMB’s public docket files, once
covered insured depository institution by the Board. Board-approved approved. These documents will also be
to submit a Resolution Plan that enables collections of information are made available on the Federal Reserve
the FDIC, as receiver, to resolve the incorporated into the official OMB Board’s public Web site at: http://
institution under sections 11 and 13 of inventory of currently approved www.federalreserve.gov/apps/
the Federal Deposit Insurance Act, 12 collections of information. Copies of the reportforms/review.aspx or may be
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3. Report title: Recordkeeping and Board of Governors of the Federal Reserve (FOA) GH15–002, Conducting Public
Disclosure Provisions associated with System, April 8, 2015. Health Research in Georgia; FOA GH15–
Stress Testing Guidance. Robert deV. Frierson, 003, Conducting Public Health Research
Agency form number: FR 4202. Secretary of the Board. Activities in Uzbekistan; FOA GH15–
[FR Doc. 2015–08406 Filed 4–13–15; 8:45 am] 006, Institutional Research
OMB control number: 7100–0348. Collaboration between the Liverpool
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Frequency: On-occasion. School of Tropical Medicine and the
Reporters: State member banks, bank Centers for Disease Control and
holding companies, and all other FEDERAL RETIREMENT THRIFT Prevention; FOA GH15–007, Emerging
institutions for which the Federal INVESTMENT BOARD Infectious Disease Detection in the
Reserve is the primary federal Veterinary Public Health Sector in
supervisor. Sunshine Act; Notice of Meeting India; and FOA GH15–008, Conducting
Operational Research to Identify
Estimated annual reporting hours: TIME AND DATE: Parts open to the public Numbers and Rates, Determine Needs,
Recordkeeping, 18,000 hours; begin at 8:30 a.m. April 20, 2015. and Integrate Services to Mitigate
Disclosure, 8,000 hours. PLACE: 10th Floor Board Meeting Room, Morbidity and Mortality Among
Estimated average hours per response: 77 K Street NE., Washington, DC 20002. Internally Displaced Persons Affected
Recordkeeping, 180 hours; Disclosure, STATUS: Parts will be open to the public by Emergencies.
80 hours. and parts closed to the public. TIME AND DATE:
Number of respondents: MATTERS TO BE CONSIDERED:
8:30 a.m.–1:30 p.m., EDT, May 6, 2015
Recordkeeping, 100; Disclosure, 100. (Closed)
Parts Open to the Public
General description of report: This
information collection is voluntary and 1. Approval of the Minutes of the March PLACE: Teleconference
is authorized pursuant to sections 11(a), 23, 2015 Board Member Meeting.
STATUS: The meeting will be closed to
2. ED Comments
11(i), 25, and 25A of the Federal Reserve the public in accordance with
3. Monthly Reports
Act (12 U.S.C. 248(a), 248(i), 602, and provisions set forth in section 552b(c)
a. Monthly Participant Activity Report
611), section 5 of the Bank Holding (4) and (6), title 5 U.S.C., and the
b. Legislative Report
Company Act (12 U.S.C. 1844), and Determination of the Director,
4. Quarterly Metrics Report
section 7(c) of the International Banking Management Analysis and Services
a. Investment Policy
Act (12 U.S.C. 3105(c)). To the extent b. Vendor Financials Office, CDC, pursuant to Public Law 92–
the Federal Reserve collects information c. Audit Status 463.
during an examination of a banking d. Budget Review MATTERS FOR DISCUSSION: The meeting
organization, confidential treatment e. Project Activity Report will include the initial review,
may be afforded to the records under 5. Annual Financial Audit—CLA discussion, and evaluation of
exemptions 4 and 8 of the Freedom of 6. Mainframe Audit applications received in response to
Information Act (FOIA) (5 U.S.C. 7. DOL Presentation ‘‘Conducting Public Health Research in
552(b)(4) and (8)).
Part Closed to the Public Georgia, FOA GH15–002; Conducting
Abstract: The interagency guidance Public Health Research Activities in
outlines high-level principles for stress 8. Security Uzbekistan, FOA GH15–003;
testing practices, applicable to all CONTACT PERSON FOR MORE INFORMATION: Institutional Research Collaboration
Federal Reserve-supervised, FDIC- Kimberly Weaver, Director, Office of between the Liverpool School of
supervised, and OCC-supervised External Affairs, (202) 942–1640. Tropical Medicine and the Centers for
banking organizations 1 with more than Dated: April 10, 2015. Disease Control and Prevention, FOA
$10 billion in total consolidated assets. Megan Grumbine, GH15–006; Emerging Infectious Disease
In developing a stress testing framework Detection in the Veterinary Public
Deputy General Counsel, Federal Retirement
and in carrying out stress tests, banking Thrift Investment Board. Health Sector in India, FOA GH15–007;
organizations 2 should understand and and Conducting Operational Research to
[FR Doc. 2015–08675 Filed 4–10–15; 4:15 pm]
clearly document all assumptions, Identify Numbers and Rates, Determine
BILLING CODE 6760–01–P
uncertainties, and limitations, and Needs, and Integrate Services to
provide that information to users of the Mitigate Morbidity and Mortality
stress testing results. To ensure proper Among Internally Displaced Persons
governance over the stress testing DEPARTMENT OF HEALTH AND Affected by Emergencies, FOA GH15–
framework, banking organizations HUMAN SERVICES 008.’’
should develop and maintain written Centers for Disease Control and CONTACT PERSON FOR MORE INFORMATION:
policies and procedures. Prevention Hylan Shoob, Scientific Review Officer,
Center for Global Health (CGH) Science
1 The agencies that were party to the rulemaking
Disease, Disability, and Injury Office, CGH, CDC, 1600 Clifton Road
were the Office of the Comptroller of the Currency Prevention and Control Special
(OCC); Board of Governors of the Federal Reserve NE., Mailstop D–69, Atlanta, Georgia
asabaliauskas on DSK5VPTVN1PROD with NOTICES
System (Board); and Federal Deposit Insurance Emphasis Panel (SEP): Initial Review 30033, Telephone: (404) 639–4796.
Corporation (FDIC).
2 For purposes of this guidance, the term In accordance with section 10(a)(2) of The Director, Management Analysis
‘‘banking organization’’ means national banks and the Federal Advisory Committee Act and Services Office, has been delegated
Federal branches and agencies supervised by the (Pub. L. 92–463), the Centers for Disease the authority to sign Federal Register
OCC; state member banks, bank holding companies, Control and Prevention (CDC) notices pertaining to announcements of
and all other institutions for which the Federal
Reserve is the primary federal supervisor; and state
announces a meeting for the initial meetings and other committee
nonmember insured banks and other institutions review of applications in response to management activities, for both the
supervised by the FDIC. Funding Opportunity Announcements Centers for Disease Control and
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Document Created: 2015-12-18 11:10:24
Document Modified: 2015-12-18 11:10:24
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Notices | |
| Dates | Comments must be submitted on or before June 15, 2015. | |
| Contact | A copy of the PRA OMB submission, including the proposed reporting form and instructions, supporting statement, and other documentation will be placed into OMB's public docket files, once approved. These documents will also be made available on the Federal Reserve Board's public Web site at: http:// www.federalreserve.gov/apps/reportforms/review.aspx or may be requested from the agency clearance officer, whose name appears below. | |
| FR Citation | 80 FR 19986 |
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