80 FR 27686 - Proposed Agency Information Collection Activities; Comment Request

FEDERAL RESERVE SYSTEM

Federal Register Volume 80, Issue 93 (May 14, 2015)

Page Range		27686-27688
FR Document		2015-11667

On June 15, 1984, the Office of Management and Budget (OMB) delegated to the Board of Governors of the Federal Reserve System (Board) its approval authority under the Paperwork Reduction Act (PRA), to approve of and assign OMB 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 Federal Reserve 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, 1995, unless it displays a currently valid OMB number.

Federal Register, Volume 80 Issue 93 (Thursday, May 14, 2015)

[Federal Register Volume 80, Number 93 (Thursday, May 14, 2015)]
[Notices]
[Pages 27686-27688]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-11667]


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FEDERAL RESERVE SYSTEM


Proposed Agency Information Collection Activities; Comment 
Request

AGENCY: Board of Governors of the Federal Reserve System.

SUMMARY: On June 15, 1984, the Office of Management and Budget (OMB) 
delegated to the Board of Governors of the Federal Reserve System 
(Board) its approval authority under the Paperwork Reduction Act (PRA), 
to approve of and assign OMB 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 
Federal Reserve 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, 1995, unless 
it displays a currently valid OMB number.

DATES: Comments must be submitted on or before July 13, 2015.

ADDRESSES: You may submit comments, identified by FR 3052 or FR 3053, 
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 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 collections of information are necessary 
for the proper performance of the Federal Reserve's functions; 
including whether the information has practical utility;
    b. The accuracy of the Federal Reserve's estimate of the burden of 
the proposed information collections, 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 collections 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: Supervisory and Regulatory Survey.
    Agency form number: FR 3052.
    OMB Number: 7100-0322.
    Frequency: On occasion.\1\
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    \1\ The Federal Reserve conducts the survey as needed up to 24 
times per year.
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    Reporters: Financial businesses.
    Estimated annual reporting hours: 60,000 hours.
    Estimated average hours per response: 0.5 hours.
    Number of respondents: 5,000.
    General description of report: The FR 3052 is generally authorized 
under sections 2A and 12A of the Federal Reserve Act. Section 2A 
requires that the Board of Governors of the Federal Reserve System 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 (12 U.S.C. 225a). In addition, under section 12A of the 
Federal Reserve Act, the FOMC is required 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 the regulations' bearing upon the general credit situation of 
the country (12 U.S.C. 263). The authority of the Federal Reserve to 
collect economic data to carry out the requirements of these provisions 
is implicit. Accordingly, the Federal Reserve is authorized to use the 
FR 3052

[[Page 27687]]

by sections 2A and 12A of the Federal Reserve Act.
    Additionally, depending upon the survey respondent, the information 
collection may be authorized under a more specific statute. 
Specifically, the Board is authorized to collect information from state 
member banks under section 9 of the Federal Reserve Act (12 U.S.C. 
324); from bank holding companies (and their subsidiaries) under 
section 5(c) of the Bank Holding Company Act (12 U.S.C. 1844(c)); from 
Edge and agreement corporations under section 25 and 25A of the Federal 
Reserve Act (12 U.S.C. 602 and 625); from U.S. branches and agencies of 
foreign banks under section 7(c)(2) of the International Banking Act of 
1978 (12 U.S.C. 3105(c)(2)) and under section 7(a) of the Federal 
Deposit Insurance Act (12 U.S.C. 1817(a)); from nonbank financial 
companies designed by the Financial Stability Oversight Council (FSOC) 
for supervision by the Federal Reserve under section 161 of the Dodd-
Frank Wall Street Reform and Consumer Protection Act (12 U.S.C. 5361); 
from foreign branches of member banks under sections 9 and 25 of the 
Federal Reserve Act (12 U.S.C. 325 and 602); and from U.S. nonbanking 
activities of foreign banking organizations covered under section 8 of 
the International Banking Act of 1978 (12 U.S.C. 3106).
    In general, the obligation to respond to the FR 3052 is voluntary. 
However, with respect to collections of information from state member 
banks, bank holding companies (and their subsidiaries), Edge and 
agreement corporations, U.S. branches and agencies of foreign banks, 
nonbank financial companies designed by the FSOC for supervision by the 
Federal Reserve, foreign branches of member banks, and U.S. nonbanking 
activities of foreign banking organizations authorized under the 
specific statutes noted above, the Federal Reserve could make the 
obligation to respond mandatory.
    The ability of the Federal Reserve to maintain the confidentiality 
of information provided by respondents to the FR 3052 surveys will have 
to be determined on a case by case basis depending on the type of 
information provided for a particular survey. In some instances, when a 
contractor collects the data, the data may not be considered an agency 
record, and if it is not considered an agency record, no issue of 
confidentiality will arise. In circumstances where the Board collects 
that data or the contractor provides the identifying information to the 
Board, such information could possibly be protected from Freedom of 
Information Act (FOIA) disclosure by FOIA exemptions 4 and 6. Exemption 
4 protects from disclosure trade secrets and commercial or financial 
information, while Exemption 6 protects information ``the disclosure of 
which would constitute a clearly unwarranted invasion of personal 
privacy'' (5 U.S.C. 552(b)(4) and (6)). If the survey is mandatory and 
is undertaken as part of the supervisory process, information could be 
protected under FOIA exemption 8, which protects information relating 
to examination reports (5 U.S.C. 552(b)(8)).
    Abstract: The supervision and policy functions of Federal Reserve 
have occasionally needed to gather data on an ad-hoc basis from the 
banking and financial industries on their financial condition (outside 
of the standardized regulatory reporting process) and decisions that 
organizations have made to adjust to the changes in the economy. 
Further, the data may relate to a particular business activity that 
requires a more detailed presentation of the information than is 
available through regulatory reports such as the (FFIEC 031 and FFIEC 
041; OMB No. 7100-0036) (FFIEC 002; OMB No. 7100-0032) (FR 2886b; OMB 
No. 7100-0086), and (FR Y-9C; OMB No. 7100-0128). These data may be 
particularly needed in times of critical economic or regulatory changes 
or when issues of immediate supervisory concern arise from Federal 
Reserve supervisory initiatives and working groups or requests from 
Board Members and the Congress. The Federal Reserve uses this event-
driven survey to obtain information specifically tailored to the 
Federal Reserve's supervisory, regulatory, operational, and other 
responsibilities. The Federal Reserve conducts the survey as needed up 
to 24 times per year. The frequency and content of the questions depend 
on changing economic, regulatory, supervisory, or legislative 
developments.
    2. Report title: Consumer Financial Stability Surveys.
    Agency form number: FR 3053.
    OMB Number: 7100-0323.
    Frequency: On occasion.\2\
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    \2\ The Federal Reserve conducts the survey as needed up to 20 
times per year.
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    Reporters: Individuals, households, and financial and non-financial 
businesses.
    Estimated annual reporting hours: Consumer Surveys: Quantitative 
and general surveys, 4,000 hours, Financial institution consumers, 
1,000 hours, and Qualitative surveys, 600 hours; Financial institution 
survey: Financial institution staff, 150 hours; Stakeholder surveys: 
Stakeholder clientele, 500 hours and Stakeholder staff, 300 hours.
    Estimated average hours per response: Consumer surveys: 
Quantitative and general surveys, 0.5 hours, Financial institution 
consumers, 0.5 hours and Qualitative surveys, 1.5 hours; Financial 
institution survey: Financial institution staff, 1.5 hours; Stakeholder 
surveys: Stakeholder clientele, 0.5 hours and Stakeholder staff, 1.5 
hours.
    Number of respondents: Consumer surveys: Quantitative and general 
surveys, 2000 respondents, Financial institution consumers, 500 
respondents and Qualitative surveys, 100 respondents; Financial 
institution surveys: Financial institution staff, 25 respondents; 
Stakeholder surveys: Stakeholder clientele, 500 respondents and 
Stakeholder staff, 100 respondents.
    General description of report: This information collection is 
generally voluntary (Federal Reserve Act, Sections 2A and 12A (12 
U.S.C. 225a and 263)). In addition, depending upon the survey questions 
asked, the information collection may be authorized under one or more 
consumer protection statutes (Community Reinvestment Act, (12 U.S.C. 
2905); Competitive Equality Banking Act, (12 U.S.C. 3806); Expedited 
Funds Availability Act, (12 U.S.C. 4008); Truth in Lending Act, (15 
U.S.C. 1604); Fair Credit Reporting Act, (15 U.S.C. 1681s(e)); Equal 
Credit Opportunity Act, (15 U.S.C. 1691b); Electronic Funds Transfer 
Act, (15 U.S.C. 1693b and 1693o-2); Gramm-Leach-Bliley Act, (15 U.S.C. 
6801(b)); and Flood Disaster Protections Act of 1973, (42 U.S.C. 
4012a)). Additionally, depending on the survey respondent, the 
information collection may be authorized under a more specific statute 
(Federal Reserve Act, Section 9, 25, and 25A (12 U.S.C. 324, 602, and 
625); Bank Holding Company Act, Section 5(c) (12 U.S.C. 1844(c)); 
International Banking Act of 1978, Section 7(c)(2) (12 U.S.C. 
3105(c)(2)); and Federal Deposit Insurance Act, Section 7(a) (12 U.S.C. 
1817(a))). However, with respect to collections of information from 
state member banks, bank holding companies (and their subsidiaries), 
Edge and agreement corporations, and U.S. branches and agencies of 
foreign banks authorized under the specific statutes noted above, the 
Federal Reserve could make the obligation to respond mandatory. In 
circumstances where the Board collects that data or the contractor 
provides the identifying information to the Board, such information 
could possibly be protected from Freedom of Information Act (FOIA) 
disclosure by FOIA exemptions 4 and 6 (5 U.S.C. 552(b)(4) and (6)).

[[Page 27688]]

    Abstract: Board staff uses this event-driven survey to obtain 
information specifically tailored to the Federal Reserve's supervisory, 
regulatory, operational, informational, and other responsibilities. 
Board staff is authorized to conduct the FR 3053 up to 20 times per 
year, although the survey may not be conducted that frequently. The 
frequency and content of the questions depends on changing economic, 
regulatory, or legislative developments as well as changes in the 
financial services industry itself. Respondents comprise individuals, 
households, and financial and non-financial businesses. The annual 
burden is estimated to be 6,550 hours, based on twenty surveys: Three 
quarterly consumer-focused, one quarterly financial institution study, 
and two semi-annual stakeholder-focused surveys. The surveys are used 
to gather qualitative and quantitative information directly from: 
Consumers (consumer surveys), financial institutions and other 
financial companies offering consumer financial products and services 
(financial institution survey), and other stakeholders, such as state 
or local agencies, community development organizations, brokers, 
appraisers, settlement agents, software vendors, and consumer groups 
(stakeholder surveys).

    Board of Governors of the Federal Reserve System, May 11, 2015.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2015-11667 Filed 5-13-15; 8:45 am]
BILLING CODE 6210-01-P

27686 Federal Register / Vol. 80, No. 93 / Thursday, May 14, 2015 / Notices

must be received at the Reserve Bank • FAX: (202) 452–3819 or (202) 452– a. Whether the proposed collections
indicated or the offices of the Board of 3102. of information are necessary for the
Governors not later than June 8, 2015. • Mail: Robert deV. Frierson, proper performance of the Federal
A. Federal Reserve Bank of Kansas Secretary, Board of Governors of the Reserve’s functions; including whether
City (Dennis Denney, Assistant Vice Federal Reserve System, 20th Street and the information has practical utility;
President) 1 Memorial Drive, Kansas Constitution Avenue NW., Washington, b. The accuracy of the Federal
City, Missouri 64198–0001: DC 20551. Reserve’s estimate of the burden of the
1. Commerce Bancorp, Inc., Duncan, All public comments are available proposed information collections,
Oklahoma; to acquire 100 percent of the from the Board’s Web site at http:// including the validity of the
voting shares of Anadarko Bank and www.federalreserve.gov/apps/foia/ methodology and assumptions used;
Trust Company, Anadarko, Oklahoma. proposedregs.aspx as submitted, unless c. Ways to enhance the quality,
Board of Governors of the Federal Reserve modified for technical reasons. utility, and clarity of the information to
System, May 11, 2015. Accordingly, your comments will not be be collected;
Michael J. Lewandowski, edited to remove any identifying or d. Ways to minimize the burden of
contact information. Public comments information collections on respondents,
Associate Secretary of the Board.
may also be viewed electronically or in including through the use of automated
[FR Doc. 2015–11639 Filed 5–13–15; 8:45 am]
paper form in Room 3515, 1801 K Street collection techniques or other forms of
BILLING CODE 6210–01–P
(between 18th and 19th Streets NW) information technology; and
Washington, DC 20006 between 9:00 e. Estimates of capital or start up costs
a.m. and 5:00 p.m. on weekdays. and costs of operation, maintenance,
FEDERAL RESERVE SYSTEM
Additionally, commenters may send a and purchase of services to provide
Proposed Agency Information copy of their comments to the OMB information.
Collection Activities; Comment Desk Officer—Shagufta Ahmed—Office Proposal to approve under OMB
Request of Information and Regulatory Affairs, delegated authority the extension for
Office of Management and Budget, New three years, without revision, of the
AGENCY: Board of Governors of the Executive Office Building, Room 10235 following reports:
Federal Reserve System. 725 17th Street NW., Washington, DC 1. Report title: Supervisory and
SUMMARY: On June 15, 1984, the Office 20503 or by fax to (202) 395–6974. Regulatory Survey.
of Management and Budget (OMB) FOR FURTHER INFORMATION CONTACT: A
Agency form number: FR 3052.
delegated to the Board of Governors of OMB Number: 7100–0322.
copy of the PRA OMB submission,
the Federal Reserve System (Board) its Frequency: On occasion.1
including the proposed reporting form
approval authority under the Paperwork Reporters: Financial businesses.
and instructions, supporting statement, Estimated annual reporting hours:
Reduction Act (PRA), to approve of and and other documentation will be placed
assign OMB numbers to collection of 60,000 hours.
into OMB’s public docket files, once Estimated average hours per response:
information requests and requirements approved. These documents will also be
conducted or sponsored by the Board. 0.5 hours.
made available on the Federal Reserve Number of respondents: 5,000.
Board-approved collections of Board’s public Web site at: http:// General description of report: The FR
information are incorporated into the www.federalreserve.gov/apps/ 3052 is generally authorized under
official OMB inventory of currently reportforms/review.aspx or may be sections 2A and 12A of the Federal
approved collections of information. requested from the agency clearance Reserve Act. Section 2A requires that
Copies of the PRA Submission, officer, whose name appears below. the Board of Governors of the Federal
supporting statements and approved Federal Reserve Board Acting Reserve System and the Federal Open
collection of information instruments Clearance Officer—Mark Tokarski— Market Committee (FOMC) maintain
are placed into OMB’s public docket Office of the Chief Data Officer, Board long run growth of the monetary and
files. The Federal Reserve may not of Governors of the Federal Reserve credit aggregates commensurate with
conduct or sponsor, and the respondent System, Washington, DC 20551 (202) the economy’s long run potential to
is not required to respond to, an 452–3829. Telecommunications Device increase production, so as to promote
information collection that has been for the Deaf (TDD) users may contact effectively the goals of maximum
extended, revised, or implemented on or (202) 263–4869, Board of Governors of employment, stable prices, and
after October 1, 1995, unless it displays the Federal Reserve System, moderate long-term interest rates (12
a currently valid OMB number. Washington, DC 20551. U.S.C. 225a). In addition, under section
DATES: Comments must be submitted on SUPPLEMENTARY INFORMATION: 12A of the Federal Reserve Act, the
or before July 13, 2015. FOMC is required to implement
ADDRESSES: You may submit comments,
Request for Comment on Information
Collection Proposals regulations relating to the open market
identified by FR 3052 or FR 3053, by operations conducted by Federal
any of the following methods: The following information Reserve Banks with a view to
• Agency Web site: http:// collections, which are being handled accommodating commerce and business
www.federalreserve.gov. Follow the under this delegated authority, have and with regard to the regulations’
instructions for submitting comments at received initial Board approval and are bearing upon the general credit situation
http://www.federalreserve.gov/apps/ hereby published for comment. At the of the country (12 U.S.C. 263). The
foia/proposedregs.aspx. end of the comment period, the authority of the Federal Reserve to
• Federal eRulemaking Portal: http://
tkelley on DSK3SPTVN1PROD with NOTICES

proposed information collections, along collect economic data to carry out the
www.regulations.gov. Follow the with an analysis of comments and requirements of these provisions is
instructions for submitting comments. recommendations received, will be implicit. Accordingly, the Federal
• Email: regs.comments@ submitted to the Board for final Reserve is authorized to use the FR 3052
federalreserve.gov. Include OMB approval under OMB delegated
number in the subject line of the authority. Comments are invited on the 1 The Federal Reserve conducts the survey as

message. following: needed up to 24 times per year.

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Federal Register / Vol. 80, No. 93 / Thursday, May 14, 2015 / Notices 27687

by sections 2A and 12A of the Federal Act (FOIA) disclosure by FOIA surveys: Stakeholder clientele, 500
Reserve Act. exemptions 4 and 6. Exemption 4 hours and Stakeholder staff, 300 hours.
Additionally, depending upon the protects from disclosure trade secrets Estimated average hours per response:
survey respondent, the information and commercial or financial Consumer surveys: Quantitative and
collection may be authorized under a information, while Exemption 6 protects general surveys, 0.5 hours, Financial
more specific statute. Specifically, the information ‘‘the disclosure of which institution consumers, 0.5 hours and
Board is authorized to collect would constitute a clearly unwarranted Qualitative surveys, 1.5 hours; Financial
information from state member banks invasion of personal privacy’’ (5 U.S.C. institution survey: Financial institution
under section 9 of the Federal Reserve 552(b)(4) and (6)). If the survey is staff, 1.5 hours; Stakeholder surveys:
Act (12 U.S.C. 324); from bank holding mandatory and is undertaken as part of Stakeholder clientele, 0.5 hours and
companies (and their subsidiaries) the supervisory process, information Stakeholder staff, 1.5 hours.
under section 5(c) of the Bank Holding could be protected under FOIA Number of respondents: Consumer
Company Act (12 U.S.C. 1844(c)); from exemption 8, which protects surveys: Quantitative and general
Edge and agreement corporations under information relating to examination surveys, 2000 respondents, Financial
section 25 and 25A of the Federal reports (5 U.S.C. 552(b)(8)). institution consumers, 500 respondents
Reserve Act (12 U.S.C. 602 and 625); Abstract: The supervision and policy and Qualitative surveys, 100
from U.S. branches and agencies of functions of Federal Reserve have respondents; Financial institution
foreign banks under section 7(c)(2) of occasionally needed to gather data on an surveys: Financial institution staff, 25
the International Banking Act of 1978 ad-hoc basis from the banking and respondents; Stakeholder surveys:
(12 U.S.C. 3105(c)(2)) and under section financial industries on their financial Stakeholder clientele, 500 respondents
7(a) of the Federal Deposit Insurance condition (outside of the standardized and Stakeholder staff, 100 respondents.
Act (12 U.S.C. 1817(a)); from nonbank regulatory reporting process) and General description of report: This
financial companies designed by the decisions that organizations have made information collection is generally
Financial Stability Oversight Council to adjust to the changes in the economy. voluntary (Federal Reserve Act, Sections
(FSOC) for supervision by the Federal Further, the data may relate to a 2A and 12A (12 U.S.C. 225a and 263)).
Reserve under section 161 of the Dodd- particular business activity that requires In addition, depending upon the survey
Frank Wall Street Reform and Consumer a more detailed presentation of the questions asked, the information
Protection Act (12 U.S.C. 5361); from information than is available through collection may be authorized under one
foreign branches of member banks regulatory reports such as the (FFIEC or more consumer protection statutes
under sections 9 and 25 of the Federal 031 and FFIEC 041; OMB No. 7100– (Community Reinvestment Act, (12
Reserve Act (12 U.S.C. 325 and 602); 0036) (FFIEC 002; OMB No. 7100–0032) U.S.C. 2905); Competitive Equality
and from U.S. nonbanking activities of (FR 2886b; OMB No. 7100–0086), and Banking Act, (12 U.S.C. 3806);
foreign banking organizations covered (FR Y–9C; OMB No. 7100–0128). These Expedited Funds Availability Act, (12
under section 8 of the International U.S.C. 4008); Truth in Lending Act, (15
data may be particularly needed in
Banking Act of 1978 (12 U.S.C. 3106). U.S.C. 1604); Fair Credit Reporting Act,
times of critical economic or regulatory
In general, the obligation to respond (15 U.S.C. 1681s(e)); Equal Credit
changes or when issues of immediate
to the FR 3052 is voluntary. However, Opportunity Act, (15 U.S.C. 1691b);
supervisory concern arise from Federal
with respect to collections of Electronic Funds Transfer Act, (15
Reserve supervisory initiatives and
information from state member banks, U.S.C. 1693b and 1693o–2); Gramm-
working groups or requests from Board
bank holding companies (and their Leach-Bliley Act, (15 U.S.C. 6801(b));
Members and the Congress. The Federal
subsidiaries), Edge and agreement and Flood Disaster Protections Act of
Reserve uses this event-driven survey to
corporations, U.S. branches and 1973, (42 U.S.C. 4012a)). Additionally,
obtain information specifically tailored
agencies of foreign banks, nonbank depending on the survey respondent,
to the Federal Reserve’s supervisory, the information collection may be
financial companies designed by the
regulatory, operational, and other authorized under a more specific statute
FSOC for supervision by the Federal
responsibilities. The Federal Reserve (Federal Reserve Act, Section 9, 25, and
Reserve, foreign branches of member
conducts the survey as needed up to 24 25A (12 U.S.C. 324, 602, and 625); Bank
banks, and U.S. nonbanking activities of
times per year. The frequency and Holding Company Act, Section 5(c) (12
foreign banking organizations
content of the questions depend on U.S.C. 1844(c)); International Banking
authorized under the specific statutes
changing economic, regulatory, Act of 1978, Section 7(c)(2) (12 U.S.C.
noted above, the Federal Reserve could
make the obligation to respond supervisory, or legislative 3105(c)(2)); and Federal Deposit
mandatory. developments. Insurance Act, Section 7(a) (12 U.S.C.
The ability of the Federal Reserve to 2. Report title: Consumer Financial 1817(a))). However, with respect to
maintain the confidentiality of Stability Surveys. collections of information from state
Agency form number: FR 3053.
information provided by respondents to OMB Number: 7100–0323. member banks, bank holding companies
the FR 3052 surveys will have to be Frequency: On occasion.2 (and their subsidiaries), Edge and
determined on a case by case basis Reporters: Individuals, households, agreement corporations, and U.S.
depending on the type of information and financial and non-financial branches and agencies of foreign banks
provided for a particular survey. In businesses. authorized under the specific statutes
some instances, when a contractor Estimated annual reporting hours: noted above, the Federal Reserve could
collects the data, the data may not be Consumer Surveys: Quantitative and make the obligation to respond
considered an agency record, and if it is general surveys, 4,000 hours, Financial mandatory. In circumstances where the
tkelley on DSK3SPTVN1PROD with NOTICES

not considered an agency record, no institution consumers, 1,000 hours, and Board collects that data or the contractor
issue of confidentiality will arise. In Qualitative surveys, 600 hours; provides the identifying information to
circumstances where the Board collects Financial institution survey: Financial the Board, such information could
that data or the contractor provides the institution staff, 150 hours; Stakeholder possibly be protected from Freedom of
identifying information to the Board, Information Act (FOIA) disclosure by
such information could possibly be 2 The Federal Reserve conducts the survey as FOIA exemptions 4 and 6 (5 U.S.C.
protected from Freedom of Information needed up to 20 times per year. 552(b)(4) and (6)).

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Document Created: 2015-12-15 15:32:49
Document Modified: 2015-12-15 15:32:49

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 July 13, 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 27686