80 FR 48104 - Proposed Agency Information Collection Activities; Comment Request

FEDERAL RESERVE SYSTEM

Federal Register Volume 80, Issue 154 (August 11, 2015)

Page Range		48104-48105
FR Document		2015-19656

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 154 (Tuesday, August 11, 2015)

[Federal Register Volume 80, Number 154 (Tuesday, August 11, 2015)]
[Notices]
[Pages 48104-48105]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-19656]


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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 October 13, 2015.

ADDRESSES: You may submit comments, identified by Reg V, 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 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.

SUPPLEMENTARY INFORMATION:

Request for Comment on Information Collection Proposal

    The following information collection, which is being handled under 
this delegated authority, has received initial Board approval and is 
hereby published for comment. At the end of the comment period, the 
proposed information collection, 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 Federal Reserve'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 report:
    1. Report title: Recordkeeping and Disclosure Requirements 
Associated with the Regulations Implementing the Fair Credit Act 
(Regulation V).
    Agency form number: Reg V.
    OMB control number: 7100-0308.
    Frequency: On occasion.
    Reporters: Financial institutions.
    Estimated annual reporting hours: Negative information notice: 375 
hours; Affiliate marketing: Notices to consumers, 25,236 hours and 
Consumer response, 106,833 hours; Red flags: 74,888 hours; Address 
discrepancies: 6,000 hours; Risk-based pricing: Notice to consumers, 
90,000 hours; Furnisher duties: Policies and procedures, 60,000 hours 
and Notice of frivolous disputes to consumers, 142,792 hours.
    Estimated average hours per response: Negative information notice: 
15 minutes; Affiliate marketing: Notices to consumers, 18 hours and 
Consumer response, 5 minutes; Red flags: 37

[[Page 48105]]

hours; Address discrepancies: 4 hours; Risk-based pricing: Notice to 
consumers, 5 hours; Furnisher duties: Policies and procedures, 40 hours 
and Notice of frivolous disputes to consumers, 14 minutes.
    Number of respondents: Negative information notice: 1,500 financial 
institutions; Affiliate marketing: Notices to consumers, 1,402 
financial institutions and 1,282,000 Consumer response; Red flags: 
2,024 financial institutions; Address discrepancies: 1,500 financial 
institutions; Risk-based pricing: Notice to consumers, 1,500 financial 
institutions; Furnisher duties: Policies and procedures, 1,500 
financial institutions and 611,966, Notice of frivolous disputes to 
consumers.
    General description of report: This information collection is 
mandatory pursuant to Dodd-Frank Wall Street Reform and Consumer 
Protection Act (12 U.S.C. 5519) and the FCRA (15 U.S.C. 1681m, 1681w, 
and 1681s). Because the notices and disclosures required are not 
provided to the Federal Reserve, and all records thereof are maintained 
at state member banks, no issue of confidentiality arises under the 
Freedom of Information Act.
    Abstract: The Fair Credit Reporting Act (FCRA) was enacted in 1970 
based on a Congressional finding that the banking system is dependent 
on fair and accurate credit reporting.\1\ The FCRA was enacted to 
ensure consumer reporting agencies exercise their responsibilities with 
fairness, impartiality, and a respect for the consumer's right to 
privacy. The FCRA requires consumer reporting agencies to adopt 
reasonable procedures that are fair and equitable to the consumer with 
regard to the confidentiality, accuracy, relevancy, and proper 
utilization of consumer information.
---------------------------------------------------------------------------

    \1\ The FCRA is one part of the Consumer Credit Protection Act 
which also includes the Truth in Lending Act, Equal Credit 
Opportunity Act, and Fair Debt Collection Practices Act. 15 U.S.C. 
1601 et seq.
---------------------------------------------------------------------------

    Congress substantially amended the FCRA upon the passage of the 
Fair and Accurate Credit Transactions Act of 2003 (FACT Act).\2\ The 
FACT Act created many new responsibilities for consumer reporting 
agencies and users of consumer reports. It contained many new consumer 
disclosure requirements, as well as provisions to address identity 
theft. In addition, the FACT Act provided consumers with the right to 
obtain a copy of their consumer report annually without cost. Improving 
consumers' access to their credit report is intended to help increase 
the accuracy of data in the consumer reporting system.
---------------------------------------------------------------------------

    \2\ Public Law 108-159, 117 Stat. 1952.
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    Since 2011, the Consumer Financial Protection Bureau has been 
responsible for issuing most FCRA regulations. The Federal Reserve 
retained rule-writing authority for certain provisions of the FCRA 
applicable to motor vehicle dealers and provisions of the FCRA that 
require identity theft prevention programs, regulate the disposal of 
consumer information, and require card issuers to validate consumers' 
notifications of changes of address.

    Board of Governors of the Federal Reserve System, August 6, 
2015.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2015-19656 Filed 8-10-15; 8:45 am]
 BILLING CODE 6210-01-P

48104 Federal Register / Vol. 80, No. 154 / Tuesday, August 11, 2015 / Notices

San Francisco, California; Abby extended, revised, or implemented on or (202) 263–4869, Board of Governors of
Margaret Rivlin, and Toby Sebastian after October 1, 1995, unless it displays the Federal Reserve System,
Rivlin, both of Madison, Wisconsin; to a currently valid OMB number. Washington, DC 20551.
retroactively join the Fishback Family DATES: Comments must be submitted on SUPPLEMENTARY INFORMATION:
Control group which controls the voting or before October 13, 2015.
shares of Fishback Financial Request for Comment on Information
ADDRESSES: You may submit comments, Collection Proposal
Corporation, Brookings, South Dakota identified by Reg V, by any of the
and indirectly control First Bank & following methods: The following information collection,
Trust, Brookings, South Dakota, First • Agency Web site: http:// which is being handled under this
Bank & Trust, N.A., Pipestone, www.federalreserve.gov. Follow the delegated authority, has received initial
Minnesota, First Bank & Trust, Sioux instructions for submitting comments at Board approval and is hereby published
Falls, South Dakota, and First Bank & http://www.federalreserve.gov/apps/ for comment. At the end of the comment
Trust of Milbank, Milbank, South foia/proposedregs.aspx . period, the proposed information
Dakota. • Federal eRulemaking Portal: http:// collection, along with an analysis of
C. Federal Reserve Bank of Dallas comments and recommendations
www.regulations.gov. Follow the
(Robert L. Triplett III, Senior Vice received, will be submitted to the Board
instructions for submitting comments.
President) 2200 North Pearl Street, • Email: regs.comments@ for final approval under OMB delegated
Dallas, Texas 75201–2272: federalreserve.gov. Include OMB authority. Comments are invited on the
1. The Estate of Joe E. Sharp (Zan following:
number in the subject line of the
Sharp Prince and Robert Justin Sharp, a. Whether the proposed collection of
message.
Co-Executors), Bedford, Texas; Pop’s information is necessary for the proper
• FAX: (202) 452–3819 or (202) 452–
Family Irrevocable Trust (Zan Sharp performance of the Federal Reserve’s
3102.
Prince, Trustee), Zan Sharp Prince, both
• Mail: Robert deV. Frierson, functions; including whether the
of Weatherford, Texas; Matthew Scott information has practical utility;
Secretary, Board of Governors of the
Sharp, Grapevine, Texas; Robert Justin b. The accuracy of the Federal
Federal Reserve System, 20th Street and
Sharp, Fort Worth, Texas; and Keleigh Reserve’s estimate of the burden of the
Constitution Avenue NW., Washington,
Sharp Greenwood, Kirkland, proposed information collection,
DC 20551.
Washington; as a group acting in concert including the validity of the
All public comments are available
to acquire voting shares of First Baird, methodology and assumptions used;
from the Board’s Web site at http://
Bancshares, Inc., Bedford, Texas, and c. Ways to enhance the quality,
www.federalreserve.gov/apps/foia/
thereby indirectly acquire shares of First utility, and clarity of the information to
proposedregs.aspx as submitted, unless
Bank Texas, SSB, Baird, Texas. be collected;
modified for technical reasons.
Board of Governors of the Federal Reserve Accordingly, your comments will not be d. Ways to minimize the burden of
System, August 5, 2015. edited to remove any identifying or information collection on respondents,
Margaret McCloskey Shanks, contact information. Public comments including through the use of automated
Deputy Secretary of the Board. may also be viewed electronically or in collection techniques or other forms of
[FR Doc. 2015–19667 Filed 8–10–15; 8:45 am] paper form in Room 3515, 1801 K Street information technology; and
BILLING CODE 6210–01–P (between 18th and 19th Streets NW.) e. Estimates of capital or start up costs
Washington, DC 20006 between 9:00 and costs of operation, maintenance,
a.m. and 5:00 p.m. on weekdays. and purchase of services to provide
FEDERAL RESERVE SYSTEM Additionally, commenters may send a information.
copy of their comments to the OMB Proposal to approve under OMB
Proposed Agency Information Desk Officer—Shagufta Ahmed—Office delegated authority the extension for
Collection Activities; Comment of Information and Regulatory Affairs, three years, without revision, of the
Request Office of Management and Budget, New following report:
1. Report title: Recordkeeping and
AGENCY: Board of Governors of the Executive Office Building, Room 10235,
Disclosure Requirements Associated
Federal Reserve System. 725 17th Street NW., Washington, DC
with the Regulations Implementing the
SUMMARY: On June 15, 1984, the Office 20503 or by fax to (202) 395–6974.
Fair Credit Act (Regulation V).
of Management and Budget (OMB) FOR FURTHER INFORMATION CONTACT: A Agency form number: Reg V.
delegated to the Board of Governors of copy of the PRA OMB submission, OMB control number: 7100–0308.
the Federal Reserve System (Board) its including the proposed reporting form Frequency: On occasion.
approval authority under the Paperwork and instructions, supporting statement, Reporters: Financial institutions.
Reduction Act (PRA), to approve of and and other documentation will be placed Estimated annual reporting hours:
assign OMB numbers to collection of into OMB’s public docket files, once Negative information notice: 375 hours;
information requests and requirements approved. These documents will also be Affiliate marketing: Notices to
conducted or sponsored by the Board. made available on the Federal Reserve consumers, 25,236 hours and Consumer
Board-approved collections of Board’s public Web site at: http:// response, 106,833 hours; Red flags:
information are incorporated into the www.federalreserve.gov/apps/ 74,888 hours; Address discrepancies:
official OMB inventory of currently reportforms/review.aspx or may be 6,000 hours; Risk-based pricing: Notice
approved collections of information. requested from the agency clearance to consumers, 90,000 hours; Furnisher
asabaliauskas on DSK5VPTVN1PROD with NOTICES

Copies of the PRA Submission, officer, whose name appears below. duties: Policies and procedures, 60,000
supporting statements and approved Federal Reserve Board Clearance hours and Notice of frivolous disputes
collection of information instruments Officer—Nuha Elmaghrabi—Office of to consumers, 142,792 hours.
are placed into OMB’s public docket the Chief Data Officer, Board of Estimated average hours per response:
files. The Federal Reserve may not Governors of the Federal Reserve Negative information notice: 15
conduct or sponsor, and the respondent System, Washington, DC 20551 (202) minutes; Affiliate marketing: Notices to
is not required to respond to, an 452–3829. Telecommunications Device consumers, 18 hours and Consumer
information collection that has been for the Deaf (TDD) users may contact response, 5 minutes; Red flags: 37

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Federal Register / Vol. 80, No. 154 / Tuesday, August 11, 2015 / Notices 48105

hours; Address discrepancies: 4 hours; accuracy of data in the consumer Market Street, San Francisco, California
Risk-based pricing: Notice to reporting system. 94105–1579:
consumers, 5 hours; Furnisher duties: Since 2011, the Consumer Financial 1. Carpenter Bank Partners, Inc.,
Policies and procedures, 40 hours and Protection Bureau has been responsible CCFW, Inc., (dba Carpenter &
Notice of frivolous disputes to for issuing most FCRA regulations. The Company), Carpenter Fund
consumers, 14 minutes. Federal Reserve retained rule-writing Management Company, LLC, Carpenter
Number of respondents: Negative authority for certain provisions of the Fund Manager GP, LLC, Carpenter
information notice: 1,500 financial FCRA applicable to motor vehicle Community BancFund, L.P., and
institutions; Affiliate marketing: Notices dealers and provisions of the FCRA that Carpenter Community BancFund-A,
to consumers, 1,402 financial require identity theft prevention L.P., all in Irvine, California; to acquire
institutions and 1,282,000 Consumer programs, regulate the disposal of additional voting shares up to
response; Red flags: 2,024 financial consumer information, and require card approximately 32.6 percent of Pacific
institutions; Address discrepancies: issuers to validate consumers’ Mercantile Bancorp, and thereby
1,500 financial institutions; Risk-based notifications of changes of address. indirectly acquire voting shares of
pricing: Notice to consumers, 1,500 Board of Governors of the Federal Reserve
Pacific Mercantile Bank, both in Costa
financial institutions; Furnisher duties: System, August 6, 2015. Mesa, California.
Policies and procedures, 1,500 financial Robert deV. Frierson, Board of Governors of the Federal Reserve
institutions and 611,966, Notice of System, August 5, 2015.
Secretary of the Board.
frivolous disputes to consumers. Margaret McCloskey Shanks,
[FR Doc. 2015–19656 Filed 8–10–15; 8:45 am]
General description of report: This Deputy Secretary of the Board.
BILLING CODE 6210–01–P
information collection is mandatory
[FR Doc. 2015–19666 Filed 8–10–15; 8:45 am]
pursuant to Dodd-Frank Wall Street
BILLING CODE 6210–01–P
Reform and Consumer Protection Act
FEDERAL RESERVE SYSTEM
(12 U.S.C. 5519) and the FCRA (15
U.S.C. 1681m, 1681w, and 1681s). Formations of, Acquisitions by, and
Because the notices and disclosures DEPARTMENT OF HEALTH AND
Mergers of Bank Holding Companies HUMAN SERVICES
required are not provided to the Federal
Reserve, and all records thereof are The companies listed in this notice
Agency for Healthcare Research and
maintained at state member banks, no have applied to the Board for approval,
Quality
issue of confidentiality arises under the pursuant to the Bank Holding Company
Freedom of Information Act. Act of 1956 (12 U.S.C. 1841 et seq.) Scientific Information Request on
Abstract: The Fair Credit Reporting (BHC Act), Regulation Y (12 CFR part Omega 3 Fatty Acids and
Act (FCRA) was enacted in 1970 based 225), and all other applicable statutes Cardiovascular Disease—Update
on a Congressional finding that the and regulations to become a bank
banking system is dependent on fair and holding company and/or to acquire the AGENCY: Agency for Healthcare Research
accurate credit reporting.1 The FCRA assets or the ownership of, control of, or and Quality (AHRQ), HHS.
was enacted to ensure consumer the power to vote shares of a bank or ACTION: Request for Scientific
reporting agencies exercise their bank holding company and all of the Information Submissions.
responsibilities with fairness, banks and nonbanking companies
impartiality, and a respect for the owned by the bank holding company, SUMMARY: The Agency for Healthcare
consumer’s right to privacy. The FCRA including the companies listed below. Research and Quality (AHRQ) is seeking
requires consumer reporting agencies to The applications listed below, as well scientific information submissions from
adopt reasonable procedures that are as other related filings required by the the public. Scientific information is
fair and equitable to the consumer with Board, are available for immediate being solicited to inform our review of
regard to the confidentiality, accuracy, inspection at the Federal Reserve Bank Omega 3 Fatty Acids and
relevancy, and proper utilization of indicated. The applications will also be Cardiovascular Disease—Update, which
consumer information. available for inspection at the offices of is currently being conducted by the
Congress substantially amended the the Board of Governors. Interested AHRQ’s Evidence-based Practice
FCRA upon the passage of the Fair and persons may express their views in Centers (EPC) Programs. Access to
Accurate Credit Transactions Act of writing on the standards enumerated in published and unpublished pertinent
2003 (FACT Act).2 The FACT Act the BHC Act (12 U.S.C. 1842(c)). If the scientific information will improve the
created many new responsibilities for proposal also involves the acquisition of quality of this review. AHRQ is
consumer reporting agencies and users a nonbanking company, the review also conducting this systematic review
of consumer reports. It contained many includes whether the acquisition of the pursuant to Section 902(a) of the Public
new consumer disclosure requirements, nonbanking company complies with the Health Service Act, 42 U.S.C. 299a(a).
as well as provisions to address identity standards in section 4 of the BHC Act DATES: Submission Deadline on or
theft. In addition, the FACT Act (12 U.S.C. 1843). Unless otherwise before September 10, 2015.
provided consumers with the right to noted, nonbanking activities will be ADDRESSES: Online submissions: http://
obtain a copy of their consumer report conducted throughout the United States. effectivehealthcare.AHRQ.gov/
annually without cost. Improving Unless otherwise noted, comments index.cfm/submit-scientific-
asabaliauskas on DSK5VPTVN1PROD with NOTICES

consumers’ access to their credit report regarding each of these applications information-packets/. Please select the
is intended to help increase the must be received at the Reserve Bank study for which you are submitting
indicated or the offices of the Board of information from the list to upload your
1 The FCRA is one part of the Consumer Credit Governors not later than September 4, documents.
Protection Act which also includes the Truth in 2015. Email submissions: SIPS@epc-src.org.
Lending Act, Equal Credit Opportunity Act, and
Fair Debt Collection Practices Act. 15 U.S.C. 1601 A. Federal Reserve Bank of San Print submissions: Mailing Address:
et seq. Francisco (Gerald C. Tsai, Director, Portland VA Research Foundation,
2 Public Law 108–159, 117 Stat. 1952. Applications and Enforcement) 101 Scientific Resource Center, ATTN:

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Document Created: 2016-09-27 22:24:57
Document Modified: 2016-09-27 22:24:57

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 October 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 48104