80 FR 36991 - Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB

FEDERAL RESERVE SYSTEM

Federal Register Volume 80, Issue 124 (June 29, 2015)

Page Range		36991-36992
FR Document		2015-15843

Notice is hereby given of the final approval of proposed information collections by the Board of Governors of the Federal Reserve System (Board) under OMB delegated authority. Board-approved collections of information are incorporated into the official OMB inventory of currently approved collections of information. Copies of the Paperwork Reduction Act Submission, supporting statements, and approved collection of information instrument(s) 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 control number.

Federal Register, Volume 80 Issue 124 (Monday, June 29, 2015)

[Federal Register Volume 80, Number 124 (Monday, June 29, 2015)]
[Notices]
[Pages 36991-36992]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-15843]


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

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: Notice is hereby given of the final approval of proposed 
information collections by the Board of Governors of the Federal 
Reserve System (Board) under OMB delegated authority. Board-approved 
collections of information are incorporated into the official OMB 
inventory of currently approved collections of information. Copies of 
the Paperwork Reduction Act Submission, supporting statements, and 
approved collection of information instrument(s) 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 control 
number.

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, 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.
    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.
    Final approval under OMB delegated authority of 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.

[[Page 36992]]

    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.
    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, June 24, 2015.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2015-15843 Filed 6-26-15; 8:45 am]
 BILLING CODE 6210-01-P

Federal Register / Vol. 80, No. 124 / Monday, June 29, 2015 / Notices 36991

Spring, MN (‘‘Company’’), and thereby A. Federal Reserve Bank of Atlanta in Foreign Investments (Made Pursuant
indirectly acquire control of Granite (Chapelle Davis, Assistant Vice to Regulation K).
Community Bank, Cold Spring, President) 1000 Peachtree Street NE., Agency form number: FR 2064.
Minnesota. In addition, Gerald Lee Atlanta, Georgia 30309: OMB Control number: 7100–0109.
Reiter and Stanley Glenn Lilleberg; each 1. Hamilton State Bancshares, Inc., Frequency: On-occasion.
intend to individually acquire voting Hoschton, Georgia; to merge with Reporters: State member banks, Edge
common stock of Company. Highland Financial Services, Inc., and Act and agreement corporations, and
B. Federal Reserve Bank of Kansas thereby indirectly acquire Highland bank holding companies.
City (Dennis Denney, Assistant Vice Commercial Bank, both in Marietta, Estimated annual reporting hours:
President) 1 Memorial Drive, Kansas Georgia. 160 hours.
City, Missouri 64198–0001: Estimated average hours per response:
Board of Governors of the Federal Reserve
1. David J. Warnemunde and David D. System, June 24, 2015. 2 hours.
Warnemunde, both of Madison, Number of respondents: 20.
Michael J. Lewandowski,
Nebraska; as members of the General description of report: The
Associate Secretary of the Board. recordkeeping requirements of this
Warnemunde family group acting in
[FR Doc. 2015–15839 Filed 6–26–15; 8:45 am] information collection are mandatory
concert, to acquire control of Madison
County Financial, Inc., parent of BILLING CODE 6210–01–P under section 5(c) of the BHC Act (12
Madison County Bank, both in Madison, U.S.C. 1844(c)); sections 7 and 13(a) of
Nebraska. the International Banking Act of 1978
FEDERAL RESERVE SYSTEM (12 U.S.C. 3105 and 3108(a)); section 25
Board of Governors of the Federal Reserve
System, June 23, 2015. Agency Information Collection of the Federal Reserve Act (FRA) (12
Activities: Announcement of Board U.S.C. 601–604a); section 25A of the
Michael J. Lewandowski,
Approval Under Delegated Authority FRA (12 U.S.C. 611–631); and
Associate Secretary of the Board.
and Submission to OMB Regulation K (12 CFR 211.8(c)–
[FR Doc. 2015–15799 Filed 6–26–15; 8:45 am] 211.10(a)). Since the Federal Reserve
BILLING CODE 6210–01–P AGENCY: Board of Governors of the does not collect any records, no issue of
Federal Reserve System. confidentiality under the Freedom of
SUMMARY: Notice is hereby given of the Information Act (FOIA) arises. FOIA
FEDERAL RESERVE SYSTEM will only be implicated if the Federal
final approval of proposed information
Formations of, Acquisitions by, and collections by the Board of Governors of Reserve’s examiners retain a copy of the
Mergers of Bank Holding Companies the Federal Reserve System (Board) records in their examination or
under OMB delegated authority. Board- supervision of the institution, and
The companies listed in this notice approved collections of information are would be exempt from disclosure
have applied to the Board for approval, incorporated into the official OMB pursuant to FOIA (5 U.S.C. 552(b)(4),
pursuant to the Bank Holding Company inventory of currently approved (b)(6), and (b)(8)).
Act of 1956 (12 U.S.C. 1841 et seq.) collections of information. Copies of the Abstract: Internationally active U.S
(BHC Act), Regulation Y (12 CFR part Paperwork Reduction Act Submission, banking organizations are required to
225), and all other applicable statutes supporting statements, and approved maintain adequate internal records that
and regulations to become a bank collection of information instrument(s) demonstrate compliance with the
holding company and/or to acquire the are placed into OMB’s public docket investment provisions contained in
assets or the ownership of, control of, or files. The Federal Reserve may not subpart A of International Banking
the power to vote shares of a bank or conduct or sponsor, and the respondent Operations (Regulation K). For each
bank holding company and all of the is not required to respond to, an investment made under subpart A of
banks and nonbanking companies information collection that has been Regulation K, internal records should be
owned by the bank holding company, extended, revised, or implemented on or maintained regarding the type of
including the companies listed below. after October 1, 1995, unless it displays investment, for example, equity (voting
The applications listed below, as well a currently valid OMB control number. shares, nonvoting shares, partnerships,
as other related filings required by the FOR FURTHER INFORMATION CONTACT: interests conferring ownership rights,
Board, are available for immediate Federal Reserve Board Clearance participating loans), binding
inspection at the Federal Reserve Bank Officer, Nuha Elmaghrabi, Office of the commitments, capital contributions, and
indicated. The applications will also be Chief Data Officer, Board of Governors subordinated debt; the amount of the
available for inspection at the offices of of the Federal Reserve System, investment; the percentage ownership;
the Board of Governors. Interested Washington, DC 20551 (202) 452–3829. activities conducted by the company
persons may express their views in Telecommunications Device for the Deaf and the legal authority for such
writing on the standards enumerated in (TDD) users may contact (202) 263– activities; and whether the investment
the BHC Act (12 U.S.C. 1842(c)). If the 4869, Board of Governors of the Federal was made under general consent, prior
proposal also involves the acquisition of Reserve System, Washington, DC 20551. notice, or specific consent authority.
a nonbanking company, the review also OMB Desk Officer, Shagufta Ahmed, With respect to investments made under
includes whether the acquisition of the Office of Information and Regulatory general consent authority, information
nonbanking company complies with the Affairs, Office of Management and also must be maintained that
standards in section 4 of the BHC Act Budget, New Executive Office Building, demonstrates compliance with the
mstockstill on DSK4VPTVN1PROD with NOTICES

(12 U.S.C. 1843). Unless otherwise Room 10235, 725 17th Street various limits set out in section 211.9 of
noted, nonbanking activities will be NW.,Washington, DC 20503. Regulation K.
conducted throughout the United States. Final approval under OMB delegated 2. Report title: Microeconomic
Unless otherwise noted, comments authority of the extension for three Survey.
regarding each of these applications years, without revision, of the following Agency form number: FR 3051.
must be received at the Reserve Bank reports: OMB control number: 7100–0321.
indicated or the offices of the Board of 1. Report title: Recordkeeping Frequency: Annually and monthly, as
Governors not later than July 24, 2015. Requirements Associated with Changes needed.

VerDate Sep<11>2014 17:13 Jun 26, 2015 Jkt 235001 PO 00000 Frm 00031 Fmt 4703 Sfmt 4703 E:\FR\FM\29JNN1.SGM 29JNN1

36992 Federal Register / Vol. 80, No. 124 / Monday, June 29, 2015 / Notices

Reporters: Individuals, households, responsibilities. The Federal Reserve framework, banking organizations
and financial and non-financial can conduct the FR 3051 up to 13 times should develop and maintain written
businesses. per year (annual survey and another policies and procedures.
Estimated annual reporting hours: survey on a monthly basis). The Board of Governors of the Federal Reserve
Annual survey, 6,000 hours; Monthly frequency and content of the questions System, June 24, 2015.
survey, 18,000 hours. depend on changing economic, Robert deV. Frierson,
Estimated average hours per response: regulatory, or legislative developments.
Annual survey, 60 minutes; Monthly Secretary of the Board.
3. Report title: Recordkeeping and
survey, 30 minutes. [FR Doc. 2015–15843 Filed 6–26–15; 8:45 am]
Disclosure Provisions associated with
Number of respondents: Annual Stress Testing Guidance. BILLING CODE 6210–01–P
survey, 6,000; Monthly survey, 3,000. Agency form number: FR 4202.
General description of report: This OMB control number: 7100–0348.
information collection is voluntary and Frequency: On-occasion. DEPARTMENT OF HEALTH AND
is authorized by sections 2A and 12A of Reporters: State member banks, bank HUMAN SERVICES
the Federal Reserve Act (12 U.S.C. 225A holding companies, and all other
and 263). If needed, the Federal Reserve institutions for which the Federal Centers for Disease Control and
can make this survey mandatory for Reserve is the primary federal Prevention
Federal Reserve regulated institutions supervisor. [30Day–15–15PI]
under section 9 of the Federal Reserve Estimated annual reporting hours:
Act (12 U.S.C. 324) for state member Recordkeeping, 18,000 hours; Agency Forms Undergoing Paperwork
banks; section 5(c) of the Bank Holding Disclosure, 8,000 hours. Reduction Act Review
Company Act (12 U.S.C. 1844(c)) for Estimated average hours per response:
bank holding companies and their Recordkeeping, 180 hours; Disclosure, The Centers for Disease Control and
subsidiaries; sections 25 and 25(A) of 80 hours. Prevention (CDC) has submitted the
the Federal Reserve Act (12 U.S.C. 602 Number of respondents: following information collection request
and 625) for Edge and agreement Recordkeeping, 100; Disclosure, 100. to the Office of Management and Budget
corporations; and section 7(c)(2) of the General description of report: This (OMB) for review and approval in
International Banking Act of 1978 (12 information collection is voluntary and accordance with the Paperwork
U.S.C. 3105(c)(2)) for U.S. branches and is authorized pursuant to sections 11(a), Reduction Act of 1995. The notice for
agencies of foreign banks. 11(i), 25, and 25A of the Federal Reserve the proposed information collection is
If the FR 3051 survey information is Act (12 U.S.C. 248(a), 248(i), 602, and published to obtain comments from the
collected with a pledge of 611), section 5 of the Bank Holding public and affected agencies.
confidentiality for exclusively statistical Company Act (12 U.S.C. 1844), and Written comments and suggestions
purposes under Confidential section 7(c) of the International Banking from the public and affected agencies
Information Protection and Statistical Act (12 U.S.C. 3105(c)). To the extent concerning the proposed collection of
Efficiency Act (CIPSEA), the the Federal Reserve collects information information are encouraged. Your
information may not be disclosed by the during an examination of a banking comments should address any of the
Federal Reserve (or its contractor) in organization, confidential treatment following: (a) Evaluate whether the
identifiable form, except with the may be afforded to the records under proposed collection of information is
informed consent of the respondent exemptions 4 and 8 of the Freedom of necessary for the proper performance of
(CIPSEA 512(b), codified in notes to 44 Information Act (FOIA) (5 U.S.C. the functions of the agency, including
U.S.C. 3501). Such information is 552(b)(4) and (8)). whether the information will have
therefore protected from disclosure Abstract: The interagency guidance practical utility; (b) Evaluate the
under exemption 3 of the Freedom of outlines high-level principles for stress accuracy of the agencies estimate of the
Information Act (FOIA) (5 U.S.C. testing practices, applicable to all burden of the proposed collection of
552(b)(3)). If a CIPSEA pledge is made, Federal Reserve-supervised, FDIC- information, including the validity of
either by the Federal Reserve or by its supervised, and OCC-supervised the methodology and assumptions used;
contractor, the Federal Reserve must banking organizations 1 with more than (c) Enhance the quality, utility, and
safeguard the information as required by $10 billion in total consolidated assets. clarity of the information to be
CIPSEA and OMB guidance. In developing a stress testing framework collected; (d) Minimize the burden of
If the FR 3051 survey information is and in carrying out stress tests, banking the collection of information on those
not being collected under CIPSEA, the organizations 2 should understand and who are to respond, including through
ability of the Federal Reserve to clearly document all assumptions, the use of appropriate automated,
maintain the confidentiality of uncertainties, and limitations, and electronic, mechanical, or other
information provided by respondents provide that information to users of the technological collection techniques or
will have to be determined on a case-by- stress testing results. To ensure proper other forms of information technology,
case basis and depends on the type of governance over the stress testing e.g., permitting electronic submission of
information provided for a particular responses; and (e) Assess information
survey. In circumstances where 1 The agencies that were party to the rulemaking collection costs.
identifying information is provided to were the Office of the Comptroller of the Currency To request additional information on
the Federal Reserve, such information (OCC); Board of Governors of the Federal Reserve the proposed project or to obtain a copy
System (Board); and Federal Deposit Insurance
mstockstill on DSK4VPTVN1PROD with NOTICES

could possibly be protected from of the information collection plan and
Corporation (FDIC).
disclosure by FOIA exemptions 4 and 6. 2 For purposes of this guidance, the term instruments, call (404) 639–7570 or
Abstract: The Federal Reserve ‘‘banking organization’’ means national banks and send an email to omb@cdc.gov. Written
implemented this event-driven survey Federal branches and agencies supervised by the comments and/or suggestions regarding
in 2009 and uses it to obtain OCC; state member banks, bank holding companies, the items contained in this notice
and all other institutions for which the Federal
information specifically tailored to the Reserve is the primary federal supervisor; and state
should be directed to the Attention:
Federal Reserve’s supervisory, nonmember insured banks and other institutions CDC Desk Officer, Office of Management
regulatory, operational, and other supervised by the FDIC. and Budget, Washington, DC 20503 or

VerDate Sep<11>2014 17:13 Jun 26, 2015 Jkt 235001 PO 00000 Frm 00032 Fmt 4703 Sfmt 4703 E:\FR\FM\29JNN1.SGM 29JNN1

Document Created: 2015-12-15 14:25:19
Document Modified: 2015-12-15 14:25:19

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
Contact		Federal Reserve Board Clearance Officer, Nuha Elmaghrabi, 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.
FR Citation		80 FR 36991