81 FR 10248 - Proposed Agency Information Collection Activities; Comment Request

FEDERAL RESERVE SYSTEM

Federal Register Volume 81, Issue 39 (February 29, 2016)

Page Range		10248-10249
FR Document		2016-04282

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 81 Issue 39 (Monday, February 29, 2016)

[Federal Register Volume 81, Number 39 (Monday, February 29, 2016)]
[Notices]
[Pages 10248-10249]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-04282]


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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 April 29, 2016.

ADDRESSES: You may submit comments, identified by Form G-FIN or Form G-
FINW, 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 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 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

    Report title: Notice By Financial Institutions of Government 
Securities Broker or Government Securities Dealer Activities; Notice By 
Financial Institutions of Termination of Activities as a Government 
Securities Broker or Government Securities Dealer.
    Agency form number: Form G-FIN; Form G-FINW.
    OMB control number: 7100-0224.
    Frequency: On occasion.
    Reporters: State member banks, foreign banks, uninsured state 
branches or state agencies of foreign banks, commercial lending 
companies owned or controlled by foreign banks, and Edge corporations.
    Estimated average hours per response: Form G-FIN, 1 hour; Form G-
FINW, 0.25 hour.
    Estimated Number of respondents: Form G-FIN, 4; Form G-FINW, 2.
    Estimated annual reporting hours: 5 hours.
    Estimated cost to public: $259.

[[Page 10249]]

    General description of report: The notices are authorized under the 
Securities Exchange Act of 1934, as amended \1\ (the Act), which 
requires a financial institution that is a broker or dealer of 
government securities dealer to notify the appropriate regulatory 
agency (ARA) that it is a government securities broker or a government 
securities dealer (Form G-FIN notice), or that it has ceased to act as 
such (Form G-FINW notice). In addition, 15 U.S.C. 78o-5(b)(1) directs 
the Treasury to adopt rules requiring every government securities 
broker and government securities dealer to collect information and to 
provide reports to the applicable ARA. The Board is an ARA. 15 U.S.C. 
78c(a)(34)(G)(ii). Further support for the creation and collection of 
these notices by the Board is found in Treasury regulations, authorized 
by 15 U.S.C. 78o-5(b)(l), instructing that any amendments or 
corrections to a financial institution's status as a government 
securities broker or dealer also be filed with the ARA on the Form GFIN 
notice. 17 CFR 400.5(b).
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78o-5(a)(l)(B)(i).
---------------------------------------------------------------------------

    Under the Act, the Secretary of the Treasury is authorized to 
exempt any government securities broker or dealer, or class thereof, 
from the notice requirement of section 78o-5(a)(1)(B). See 15 U.S.C. 
78o-5(a)(5). Thus, the obligation to file the notices with the Board is 
mandatory for those financial institutions for which the Board serves 
as the ARA, unless the financial institution is exempted from the 
notice filing requirement by Treasury regulations (17 CFR part 401). If 
an exemption no longer applies, the institution must immediately file a 
notice. The filing of these notices is event generated.
    Respondents file two copies of the notices directly with the Board. 
Under the statute, the Board forwards one copy to the Securities and 
Exchange Commission (SEC), and the notices are then made public by the 
SEC. 15 U.S.C. 78o-5(a)(l)(B)(iii). While the statute only requires the 
SEC to produce the notices to the public, the notices are also 
available to the public upon request made to the Board. Accordingly, 
the Board does not consider these data to be confidential.
    Abstract: The Act requires financial institutions to notify their 
ARA of their intent to engage in government securities broker or dealer 
activity, to amend information submitted previously, and to record 
their termination of such activity. The Federal Reserve is the ARA for 
state member banks, foreign banks, uninsured state branches or state 
agencies of foreign banks, commercial lending companies owned or 
controlled by foreign banks, and Edge corporations. The Federal Reserve 
uses the information in its supervisory capacity to measure compliance 
with the Act.

    Board of Governors of the Federal Reserve System, February 24, 
2016.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2016-04282 Filed 2-26-16; 8:45 am]
BILLING CODE 6210-01-P

10248 Federal Register / Vol. 81, No. 39 / Monday, February 29, 2016 / Notices

Trust Company, Mitchell, South Dakota, DATES: Comments must be submitted on SUPPLEMENTARY INFORMATION:
Trustee; Todd L. Johnson, Duluth, or before April 29, 2016.
Request for Comment on Information
Minnesota); and the Cordoba 2016 ADDRESSES: You may submit comments, Collection Proposals
Irrevocable Trust, Mitchell, South identified by Form G–FIN or Form G–
Dakota (FNN Trust Company, Trustee; FINW, by any of the following methods: The following information
Todd L. Johnson), to retain shares of • Agency Web site: http:// collections, which are being handled
NATCOM Bancshares, Inc., Superior, www.federalreserve.gov. Follow the under this delegated authority, have
Wisconsin, and join the Todd Johnson instructions for submitting comments at received initial Board approval and are
Shareholder Group, which controls http://www.federalreserve.gov/apps/ hereby published for comment. At the
NATCOM Bancshares, Inc., Superior, foia/proposedregs.aspx. end of the comment period, the
Wisconsin, and thereby indirectly retain • Federal eRulemaking Portal: http:// proposed information collections, along
control of National Bank of Commerce, www.regulations.gov. Follow the with an analysis of comments and
Superior, Wisconsin. In addition, the instructions for submitting comments. recommendations received, will be
NEX.gen 2016 Irrevocable Trust, • Email: regs.comments@ submitted to the Board for final
Mitchell, South Dakota (FNN Trust federalreserve.gov. Include OMB approval under OMB delegated
Company and Jeffrey Thompson, number in the subject line of the authority. Comments are invited on the
Hermantown, Minnesota, Co-Trustees; message. following:
Bruce Thompson, Superior, Wisconsin, • FAX: (202) 452–3819 or (202) 452– a. Whether the proposed collection of
Trust Protector), to join the Todd 3102. information is necessary for the proper
Johnson Shareholder Group as a result • Mail: Robert deV. Frierson, performance of the Federal Reserve’s
of adding Todd L. Johnson as a Co- Secretary, Board of Governors of the functions; including whether the
Trustee of the NEX.gen 2016 Irrevocable Federal Reserve System, 20th Street and information has practical utility;
Trust; to acquire voting shares of Constitution Avenue NW., Washington, b. The accuracy of the Federal
NATCOM Bancshares, Inc., and thereby DC 20551. Reserve’s estimate of the burden of the
indirectly acquire voting shares of All public comments are available proposed information collection,
National Bank of Commerce, both in from the Board’s Web site at http:// including the validity of the
Superior, Wisconsin. www.federalreserve.gov/apps/foia/ methodology and assumptions used;
proposedregs.aspx as submitted, unless c. Ways to enhance the quality,
Board of Governors of the Federal Reserve utility, and clarity of the information to
System, February 24, 2016. modified for technical reasons.
Accordingly, your comments will not be be collected;
Michael J. Lewandowski, d. Ways to minimize the burden of
edited to remove any identifying or
Associate Secretary of the Board. contact information. Public comments information collection on respondents,
[FR Doc. 2016–04285 Filed 2–26–16; 8:45 am] may also be viewed electronically or in including through the use of automated
BILLING CODE 6210–01–P paper form in Room 3515, 1801 K Street collection techniques or other forms of
(between 18th and 19th Streets NW.), information technology; and
Washington, DC 20006 between 9:00 e. Estimates of capital or start-up costs
FEDERAL RESERVE SYSTEM a.m. and 5:00 p.m. on weekdays. and costs of operation, maintenance,
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 Report
Federal Reserve System. 725 17th Street NW., Washington, DC
Report title: Notice By Financial
SUMMARY: On June 15, 1984, the Office 20503 or by fax to (202) 395–6974.
Institutions of Government Securities
of Management and Budget (OMB) FOR FURTHER INFORMATION CONTACT: A Broker or Government Securities Dealer
delegated to the Board of Governors of copy of the PRA OMB submission, Activities; Notice By Financial
the Federal Reserve System (Board) its including the proposed reporting form Institutions of Termination of Activities
approval authority under the Paperwork and instructions, supporting statement, as a Government Securities Broker or
Reduction Act (PRA), to approve of and and other documentation will be placed Government Securities Dealer.
assign OMB numbers to collection of into OMB’s public docket files, once Agency form number: Form G–FIN;
information requests and requirements approved. These documents will also be Form G–FINW.
conducted or sponsored by the Board. made available on the Federal Reserve OMB control number: 7100–0224.
Board-approved collections of Board’s public Web site at: http:// Frequency: On occasion.
information are incorporated into the www.federalreserve.gov/apps/ Reporters: State member banks,
official OMB inventory of currently reportforms/review.aspx or may be foreign banks, uninsured state branches
approved collections of information. requested from the agency clearance or state agencies of foreign banks,
Copies of the PRA Submission, officer, whose name appears below. commercial lending companies owned
supporting statements and approved Federal Reserve Board Clearance or controlled by foreign banks, and Edge
collection of information instruments Officer—Nuha Elmaghrabi—Office of
asabaliauskas on DSK5VPTVN1PROD with NOTICES

corporations.
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 Form G–FIN, 1 hour; Form G–FINW,
conduct or sponsor, and the respondent System, Washington, DC 20551 (202) 0.25 hour.
is not required to respond to, an 452–3829. Telecommunications Device Estimated Number of respondents:
information collection that has been for the Deaf (TDD) users may contact Form G–FIN, 4; Form G–FINW, 2.
extended, revised, or implemented on or (202) 263–4869, Board of Governors of Estimated annual reporting hours: 5
after October 1, 1995, unless it displays the Federal Reserve System, hours.
a currently valid OMB number. Washington, DC 20551. Estimated cost to public: $259.

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Federal Register / Vol. 81, No. 39 / Monday, February 29, 2016 / Notices 10249

General description of report: The state branches or state agencies of ‘‘Submit a Comment’’ screen. Please
notices are authorized under the foreign banks, commercial lending include your name, company name (if
Securities Exchange Act of 1934, as companies owned or controlled by any), and ‘‘Information Collection 9000–
amended 1 (the Act), which requires a foreign banks, and Edge corporations. 0070, Payments’’ on your attached
financial institution that is a broker or The Federal Reserve uses the document.
dealer of government securities dealer to information in its supervisory capacity • Mail: General Services
notify the appropriate regulatory agency to measure compliance with the Act. Administration, Regulatory Secretariat
(ARA) that it is a government securities Board of Governors of the Federal Reserve Division (MVCB), 1800 F Street NW.,
broker or a government securities dealer System, February 24, 2016. Washington, DC 20405. ATTN: Ms.
(Form G–FIN notice), or that it has Robert deV. Frierson, Flowers/IC 9000–0070, Payments.
ceased to act as such (Form G–FINW Instructions: Please submit comments
Secretary of the Board.
notice). In addition, 15 U.S.C. 78o– only and cite Information Collection
[FR Doc. 2016–04282 Filed 2–26–16; 8:45 am] 9000–0070, Payments, in all
5(b)(1) directs the Treasury to adopt
rules requiring every government BILLING CODE 6210–01–P correspondence related to this
securities broker and government collection. Comments received generally
securities dealer to collect information will be posted without change to http://
and to provide reports to the applicable DEPARTMENT OF DEFENSE www.regulations.gov, including any
ARA. The Board is an ARA. 15 U.S.C. personal and/or business confidential
78c(a)(34)(G)(ii). Further support for the GENERAL SERVICES information provided. To confirm
creation and collection of these notices ADMINISTRATION receipt of your comment(s), please
by the Board is found in Treasury check www.regulations.gov,
regulations, authorized by 15 U.S.C. NATIONAL AERONAUTICS AND approximately two to three days after
78o–5(b)(l), instructing that any SPACE ADMINISTRATION submission to verify posting (except
amendments or corrections to a [OMB Control No. 9000–0070; Docket 2015– allow 30 days for posting of comments
financial institution’s status as a 0055; Sequence 26] submitted by mail).
government securities broker or dealer FOR FURTHER INFORMATION CONTACT:
also be filed with the ARA on the Form Submission for OMB Review; Kathlyn Hopkins, Procurement Analyst,
GFIN notice. 17 CFR 400.5(b). Payments Office of Acquisition Policy, GSA at
Under the Act, the Secretary of the 202–969–7226 or email at
AGENCY: Department of Defense (DOD),
Treasury is authorized to exempt any kathlyn.hopkins@gsa.gov.
General Services Administration (GSA),
government securities broker or dealer,
and National Aeronautics and Space SUPPLEMENTARY INFORMATION:
or class thereof, from the notice
requirement of section 78o–5(a)(1)(B). Administration (NASA). A. Purpose
See 15 U.S.C. 78o–5(a)(5). Thus, the ACTION: Notice of request for comments
regarding the extension of a previously Firms performing under Federal
obligation to file the notices with the contracts must provide adequate
Board is mandatory for those financial existing OMB clearance.
documentation to support requests for
institutions for which the Board serves SUMMARY: Under the provisions of the payment under these contracts. The
as the ARA, unless the financial Paperwork Reduction Act, the documentation may range from a simple
institution is exempted from the notice Regulatory Secretariat Division will be invoice to detailed cost data. The
filing requirement by Treasury submitting to the Office of Management information is usually submitted once,
regulations (17 CFR part 401). If an and Budget (OMB) a request to review at the end of the contract period or upon
exemption no longer applies, the delivery of the supplies or services, but
and approve an extension of a
institution must immediately file a could be submitted more often
previously approved information
notice. The filing of these notices is depending on the payment schedule
collection requirement concerning
event generated. established under the contract (see FAR
Respondents file two copies of the Payments. A 60-day notice was
published in the Federal Register at 80 52.232–1 through 52.232–4, and FAR
notices directly with the Board. Under
FR 76492 on December 9, 2015. No 52.232–6 through 52.232–11). The
the statute, the Board forwards one copy
comments were received. information is used to determine the
to the Securities and Exchange
DATES: Submit comments on or before proper amounts to be paid to Federal
Commission (SEC), and the notices are
March 30, 2016. contractors.
then made public by the SEC. 15 U.S.C.
78o–5(a)(l)(B)(iii). While the statute only ADDRESSES: Submit comments regarding B. Annual Reporting Burden
requires the SEC to produce the notices this burden estimate or any other aspect Respondents: 80,000.
to the public, the notices are also of this collection of information, Responses per Respondent: 120.
available to the public upon request including suggestions for reducing this Total Responses: 9,600,000.
made to the Board. Accordingly, the burden to: Office of Information and Hours per Response: .25.
Board does not consider these data to be Regulatory Affairs of OMB, Attention: Total Burden Hours: 2,400,000.
confidential. Desk Officer for GSA, Room 10236,
Abstract: The Act requires financial NEOB, Washington, DC 20503. C. Public Comments
institutions to notify their ARA of their Additionally submit a copy to GSA by Public comments are particularly
intent to engage in government any of the following methods: invited on: Whether this collection of
asabaliauskas on DSK5VPTVN1PROD with NOTICES

securities broker or dealer activity, to • Regulations.gov: http:// information is necessary for the proper
amend information submitted www.regulations.gov. Submit comments performance of functions of the Federal
previously, and to record their via the Federal eRulemaking portal by Acquisition Regulations (FAR), and
termination of such activity. The searching the OMB control number. whether it will have practical utility;
Federal Reserve is the ARA for state Select the link ‘‘Submit a Comment’’ whether our estimate of the public
member banks, foreign banks, uninsured that corresponds with ‘‘Information burden of this collection of information
Collection 9000–0070, Payments’’. is accurate, and based on valid
1 15 U.S.C. 78o–5(a)(l)(B)(i). Follow the instructions provided at the assumptions and methodology; ways to

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Document Created: 2016-02-27 02:05:17
Document Modified: 2016-02-27 02:05:17

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 April 29, 2016.
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		81 FR 10248