81 FR 33534 - Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB

FEDERAL RESERVE SYSTEM

Federal Register Volume 81, Issue 102 (May 26, 2016)

Page Range		33534-33535
FR Document		2016-12470

Notice is hereby given of the final approval of a proposed information collection 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 81 Issue 102 (Thursday, May 26, 2016)

[Federal Register Volume 81, Number 102 (Thursday, May 26, 2016)]
[Notices]
[Pages 33534-33535]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-12470]


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

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 a proposed 
information collection 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: Written Security Program for State Member Banks.
    Agency form number: FR 4004.
    OMB control number: 7100-0112.
    Frequency: On occasion.
    Reporters: State member banks.
    Number of respondents: 45.
    Estimated average hours per response: 0.5 hours.
    Estimated annual reporting hours: 23 hours.

[[Page 33535]]

    Abstract: The board of directors of each state member bank must 
designate a security officer to assume the responsibility for the 
development and administration of a written security program within 180 
days of opening for business. Each state member bank must develop and 
implement a written security program for the bank's main office and 
branches and maintain it in the bank's records. The designated security 
officer must report at least annually to the bank's board of directors 
on the implementation, administration, and effectiveness of the written 
security program. There is no formal reporting form and the information 
is not submitted to the Federal Reserve.
    Legal authorization and confidentiality: This recordkeeping 
requirement is mandatory pursuant to section 3 of the Bank Protection 
Act (12 U.S.C. 1882(a)) and Regulation H (12 CFR 208.61). Because 
written security programs are maintained at state member banks, no 
issue of confidentiality under the Freedom of Information Act (FOIA) 
normally arises. However, copies of such documents included in 
examination work papers would, in such form, be confidential pursuant 
to exemption 8 of FOIA (5 U.S.C. 552(b)(8)). In addition, the records 
may also be exempt from disclosure under exemption 4 of FOIA (5 U.S.C. 
552(b)(4)).
    Current Actions: On February 23, 2016, the Board published a notice 
in the Federal Register (81 FR 8958) requesting public comment for 60 
days on the proposal to extend the FR 4004 for three years without 
revision. The comment period for the notice expired on April 25, 2016. 
The Federal Reserve did not receive any comments, and the information 
collection will be extended as proposed.
    2. Report title: Risk-Based Capital Guidelines: Market Risk.
    Agency form number: FR 4201.
    OMB control number: 7100-0314.
    Frequency: Varied--some requirements are done at least quarterly 
and some at least annually.
    Reporters: State member banks, bank holding companies, and certain 
savings and loan holding companies.
    Number of respondents: 28.
    Estimated burden per respondent: 1,964 hours.
    Total estimated annual burden: 54,992 hours.
    Abstract: The market risk rule is an important component of the 
Board's regulatory capital framework (12 CFR 217) that requires banking 
organizations to measure and hold capital to cover their exposure to 
market risk. On July 2, 2013, the Federal Reserve adopted a revised 
regulatory capital framework, including the market risk rule, which was 
expanded to include certain savings and loan holding companies. The 
information-collection requirements in the market risk rule provide the 
most current statistical data available to identify areas of market 
risk on which to focus for onsite and offsite examinations and allow 
the Federal Reserve to assess and monitor the levels and components of 
each reporting institution's risk-based capital requirements for market 
risk and the adequacy of the institution's capital under the market 
risk rule. The reporting, recordkeeping, and disclosure requirements 
are found in sections 12 CFR 217.203-217.210, and 217.212. These 
requirements enhance risk sensitivity and introduce requirements for 
public disclosure of certain qualitative and quantitative information 
about a financial institution's market risk. There are no required 
reporting forms associated with this information collection.
    Legal authorization and confidentiality: The FR 4201 is authorized 
under 12 U.S.C. 324, 1844(c), and 1467a(b)(2)(A). Information collected 
pursuant to the reporting requirements of the FR 4201 (specifically, 
information related to seeking regulatory approval for the use of 
certain incremental and comprehensive risk models and methodologies 
under sections 217.208 and 217.209) is exempt from disclosure pursuant 
to exemption (b)(8) of FOIA (5 U.S.C 552(b)(8)), and exemption (b)(4) 
of FOIA (5 U.S.C. 552(b)(4)). Exemption (b)(8) applies because the 
reported information is contained in or related to examination reports. 
Exemption (b)(4) applies because the information provided to obtain 
regulatory approval of the incremental or comprehensive risk models is 
confidential business information the release of which could cause 
substantial competitive harm to the reporting company. The 
recordkeeping requirements of the FR 4201 require banking organizations 
to maintain documentation regarding certain policies and procedures, 
trading and hedging strategies, and internal models. These documents 
would remain on the premises of the banking organizations and 
accordingly would not generally be subject to a FOIA request. To the 
extent these documents are provided to the regulators, they would be 
exempt under exemption (b)(8), and may be exempt under exemption 
(b)(4). Exemption (b)(4) protects from disclosure ``trade secrets and 
commercial or financial information obtained from a person and 
privileged or confidential.'' The disclosure requirements of the FR 
4201 do not raise any confidentiality issues because they require 
banking organizations to make certain information public.
    Current Actions: On February 23, 2016, the Board published a notice 
in the Federal Register (81 FR 8958) requesting public comment for 60 
days on the proposal to extend the FR 4201 for three years without 
revision. The comment period for the notice expired on April 25, 2016. 
The Federal Reserve did not receive any comments, and the information 
collection will be extended as proposed.

    Board of Governors of the Federal Reserve System, May 23, 2016.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2016-12470 Filed 5-25-16; 8:45 am]
 BILLING CODE 6210-01-P

33534 Federal Register / Vol. 81, No. 102 / Thursday, May 26, 2016 / Notices

extended, revised, or implemented on or ARA. 15 U.S.C. 78c(a)(34)(G)(ii). Further Board of Governors of the Federal Reserve
after October 1, 1995, unless it displays support for the creation and collection System, May 23, 2016.
a currently valid OMB control number. of these notices by the Board is found Robert deV. Frierson,
FOR FURTHER INFORMATION CONTACT: in Treasury regulations, authorized by Secretary of the Board.
Federal Reserve Board Clearance 15 U.S.C. 78o–5(b)(l), instructing that [FR Doc. 2016–12471 Filed 5–25–16; 8:45 am]
Officer—Nuha Elmaghrabi—Office of any amendments or corrections to a BILLING CODE 6210–01–P
the Chief Data Officer, Board of financial institution’s status as a
Governors of the Federal Reserve government securities broker or dealer
System, Washington, DC 20551 (202) also be filed with the ARA on the Form FEDERAL RESERVE SYSTEM
452–3829. Telecommunications Device GFIN notice. 17 CFR 400.5(b).
Under the Act, the Secretary of the Agency Information Collection
for the Deaf (TDD) users may contact
Treasury is authorized to exempt any Activities: Announcement of Board
(202) 263–4869, Board of Governors of
government securities broker or dealer, Approval Under Delegated Authority
the Federal Reserve System,
or class thereof, from the notice and Submission to OMB
Washington, DC 20551.
OMB Desk Officer—Shagufta requirement of section 78o–5(a)(1)(B). AGENCY: Board of Governors of the
Ahmed—Office of Information and See 15 U.S.C. 78o–5(a)(5). Thus, the Federal Reserve System.
Regulatory Affairs, Office of obligation to file the notices with the SUMMARY: Notice is hereby given of the
Management and Budget, New Board is mandatory for those financial final approval of a proposed information
Executive Office Building, Room 10235 institutions for which the Board serves collection by the Board of Governors of
725 17th Street NW., Washington, DC as the ARA, unless the financial the Federal Reserve System (Board)
20503. institution is exempted from the notice under OMB delegated authority. Board-
Final approval under OMB delegated filing requirement by Treasury approved collections of information are
authority of the extension for three regulations (17 CFR part 401). If an incorporated into the official OMB
years, without revision, of the following exemption no longer applies, the inventory of currently approved
report: institution must immediately file a collections of information. Copies of the
Report title: Notice By Financial notice. The filing of these notices is Paperwork Reduction Act Submission,
Institutions of Government Securities event generated. supporting statements and approved
Broker or Government Securities Dealer Respondents file two copies of the collection of information instrument(s)
Activities; Notice By Financial notices directly with the Board. Under are placed into OMB’s public docket
Institutions of Termination of Activities the statute, the Board forwards one copy files. The Federal Reserve may not
as a Government Securities Broker or to the Securities and Exchange conduct or sponsor, and the respondent
Government Securities Dealer. Commission (SEC), and the notices are is not required to respond to, an
Agency form number: Form G–FIN; then made public by the SEC. 15 U.S.C. information collection that has been
Form G–FINW. 78o–5(a)(l)(B)(iii). While the statute only extended, revised, or implemented on or
OMB control number: 7100–0224. requires the SEC to produce the notices after October 1, 1995, unless it displays
Frequency: On occasion. to the public, the notices are also a currently valid OMB control number.
Reporters: State member banks, available to the public upon request FOR FURTHER INFORMATION CONTACT:
foreign banks, uninsured state branches made to the Board. Accordingly, the Federal Reserve Board Clearance
or state agencies of foreign banks, Board does not consider these data to be Officer—Nuha Elmaghrabi—Office of
commercial lending companies owned confidential. the Chief Data Officer, Board of
or controlled by foreign banks, and Edge Abstract: The Government Securities Governors of the Federal Reserve
corporations. Act of 1986 (the Act) requires financial System, Washington, DC 20551 (202)
Estimated annual reporting hours: 5 institutions to notify their ARA of their 452–3829. Telecommunications Device
hours. intent to engage in government for the Deaf (TDD) users may contact
Estimated average hours per response: securities broker or dealer activity, to (202) 263–4869, Board of Governors of
Form G–FIN, 1 hour; Form G–FINW, amend information submitted the Federal Reserve System,
0.25 hour. previously, and to record their Washington, DC 20551.
Number of respondents: Form G–FIN, termination of such activity. The OMB Desk Officer—Shagufta
4; Form G–FINW, 2. Federal Reserve is the ARA for state Ahmed—Office of Information and
General description of report: The member banks, foreign banks, uninsured Regulatory Affairs, Office of
Securities and Exchange Act of 1934 state branches or state agencies of Management and Budget, New
authorizes the Board to require these foreign banks, commercial lending Executive Office Building, Room 10235
notices. The notices are authorized companies owned or controlled by 725 17th Street NW., Washington, DC
under 15 U.S.C. 78o–5(a)(l)(B)(i), which foreign banks, and Edge corporations. 20503.
requires a financial institution that is a The Federal Reserve uses the Final approval under OMB delegated
broker or dealer of government information in its supervisory capacity authority of the extension for three
securities dealer to notify the to measure compliance with the Act. years, without revision, of the following
appropriate regulatory agency (ARA) Current Actions: On February 29, reports:
that it is a government securities broker 2016, the Board published a notice in 1. Report title: Written Security
or a government securities dealer (Form the Federal Register (81 FR 10248) Program for State Member Banks.
Agency form number: FR 4004.
G–FIN notice), or that it has ceased to requesting public comment for 60 days
sradovich on DSK3TPTVN1PROD with NOTICES

OMB control number: 7100–0112.
act as such (Form G–FINW notice). In on the proposal to extend the FR G–FIN Frequency: On occasion.
addition, 15 U.S.C. 78o–5(b)(1) directs and FR G–FINW for three years without Reporters: State member banks.
the Treasury to adopt rules requiring revision. The comment period for the Number of respondents: 45.
every government securities broker and notice expired on April 29, 2016. The Estimated average hours per response:
government securities dealer to collect Federal Reserve did not receive any 0.5 hours.
information and to provide reports to comments, and the information Estimated annual reporting hours: 23
the applicable ARA. The Board is an collection will be extended as proposed. hours.

VerDate Sep<11>2014 18:47 May 25, 2016 Jkt 238001 PO 00000 Frm 00076 Fmt 4703 Sfmt 4703 E:\FR\FM\26MYN1.SGM 26MYN1

Federal Register / Vol. 81, No. 102 / Thursday, May 26, 2016 / Notices 33535

Abstract: The board of directors of revised regulatory capital framework, obtained from a person and privileged
each state member bank must designate including the market risk rule, which or confidential.’’ The disclosure
a security officer to assume the was expanded to include certain savings requirements of the FR 4201 do not raise
responsibility for the development and and loan holding companies. The any confidentiality issues because they
administration of a written security information-collection requirements in require banking organizations to make
program within 180 days of opening for the market risk rule provide the most certain information public.
business. Each state member bank must current statistical data available to Current Actions: On February 23,
develop and implement a written identify areas of market risk on which 2016, the Board published a notice in
security program for the bank’s main to focus for onsite and offsite the Federal Register (81 FR 8958)
office and branches and maintain it in examinations and allow the Federal requesting public comment for 60 days
the bank’s records. The designated Reserve to assess and monitor the levels on the proposal to extend the FR 4201
security officer must report at least and components of each reporting for three years without revision. The
annually to the bank’s board of directors institution’s risk-based capital comment period for the notice expired
on the implementation, administration, requirements for market risk and the on April 25, 2016. The Federal Reserve
and effectiveness of the written security adequacy of the institution’s capital did not receive any comments, and the
program. There is no formal reporting under the market risk rule. The information collection will be extended
form and the information is not reporting, recordkeeping, and disclosure as proposed.
submitted to the Federal Reserve. requirements are found in sections 12 Board of Governors of the Federal Reserve
Legal authorization and CFR 217.203–217.210, and 217.212. System, May 23, 2016.
confidentiality: This recordkeeping These requirements enhance risk Robert deV. Frierson,
requirement is mandatory pursuant to sensitivity and introduce requirements Secretary of the Board.
section 3 of the Bank Protection Act (12 for public disclosure of certain [FR Doc. 2016–12470 Filed 5–25–16; 8:45 am]
U.S.C. 1882(a)) and Regulation H (12 qualitative and quantitative information
BILLING CODE 6210–01–P
CFR 208.61). Because written security about a financial institution’s market
programs are maintained at state risk. There are no required reporting
member banks, no issue of forms associated with this information
confidentiality under the Freedom of GENERAL SERVICES
collection.
Information Act (FOIA) normally arises. ADMINISTRATION
Legal authorization and
However, copies of such documents confidentiality: The FR 4201 is [OMB Control No. 3090–0302; Docket 2016–
included in examination work papers authorized under 12 U.S.C. 324, 1844(c), 0001; Sequence 2]
would, in such form, be confidential and 1467a(b)(2)(A). Information
pursuant to exemption 8 of FOIA (5 General Services Administration
collected pursuant to the reporting
U.S.C. 552(b)(8)). In addition, the Acquisition Regulation; Submission
requirements of the FR 4201
records may also be exempt from for OMB Review; Modifications
(specifically, information related to
disclosure under exemption 4 of FOIA 552.238–81
seeking regulatory approval for the use
(5 U.S.C. 552(b)(4)). of certain incremental and AGENCY: Office of Acquisition Policy,
Current Actions: On February 23, comprehensive risk models and General Services Administration (GSA).
2016, the Board published a notice in methodologies under sections 217.208 ACTION: Notice of request for public
the Federal Register (81 FR 8958) and 217.209) is exempt from disclosure comments regarding an extension to an
requesting public comment for 60 days pursuant to exemption (b)(8) of FOIA (5 existing OMB clearance.
on the proposal to extend the FR 4004 U.S.C 552(b)(8)), and exemption (b)(4) of
for three years without revision. The FOIA (5 U.S.C. 552(b)(4)). Exemption SUMMARY: Under the provisions of the
comment period for the notice expired (b)(8) applies because the reported Paperwork Reduction Act, the
on April 25, 2016. The Federal Reserve information is contained in or related to Regulatory Secretariat Division will be
did not receive any comments, and the examination reports. Exemption (b)(4) submitting to the Office of Management
information collection will be extended applies because the information and Budget (OMB) a request to review
as proposed. provided to obtain regulatory approval and approve an information collection
2. Report title: Risk-Based Capital of the incremental or comprehensive requirement regarding the Modifications
Guidelines: Market Risk. risk models is confidential business clause.
Agency form number: FR 4201. DATES: Submit comments on or before:
OMB control number: 7100–0314. information the release of which could
cause substantial competitive harm to June 27, 2016.
Frequency: Varied—some
the reporting company. The FOR FURTHER INFORMATION CONTACT: Ms.
requirements are done at least quarterly
and some at least annually. recordkeeping requirements of the FR Dana Munson, Procurement Analyst,
Reporters: State member banks, bank 4201 require banking organizations to General Services Acquisition Policy
holding companies, and certain savings maintain documentation regarding Division, GSA, 202–357–9652 or email
and loan holding companies. certain policies and procedures, trading dana.munson@gsa.gov.
Number of respondents: 28. and hedging strategies, and internal ADDRESSES: Submit comments regarding
Estimated burden per respondent: models. These documents would remain this burden estimate or any other aspect
1,964 hours. on the premises of the banking of this collection of information,
Total estimated annual burden: organizations and accordingly would including suggestions for reducing this
54,992 hours. not generally be subject to a FOIA burden to: Office of Information and
sradovich on DSK3TPTVN1PROD with NOTICES

Abstract: The market risk rule is an request. To the extent these documents Regulatory Affairs of OMB, Attention:
important component of the Board’s are provided to the regulators, they Desk Officer for GSA, Room 10236,
regulatory capital framework (12 CFR would be exempt under exemption NEOB, Washington, DC 20503.
217) that requires banking organizations (b)(8), and may be exempt under Additionally submit a copy to GSA by
to measure and hold capital to cover exemption (b)(4). Exemption (b)(4) any of the following methods:
their exposure to market risk. On July 2, protects from disclosure ‘‘trade secrets • Regulations.gov: http://
2013, the Federal Reserve adopted a and commercial or financial information www.regulations.gov. Submit comments

VerDate Sep<11>2014 18:47 May 25, 2016 Jkt 238001 PO 00000 Frm 00077 Fmt 4703 Sfmt 4703 E:\FR\FM\26MYN1.SGM 26MYN1

Document Created: 2016-05-26 01:14:08
Document Modified: 2016-05-26 01:14:08

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
Action		On February 23, 2016, the Board published a notice in the Federal Register (81 FR 8958) requesting public comment for 60 days on the proposal to extend the FR 4004 for three years without revision. The comment period for the notice expired on April 25, 2016. The Federal Reserve did not receive any comments, and the information collection will be extended as proposed.
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		81 FR 33534