81 FR 47801 - Proposed Agency Information Collection Activities; Comment Request

FEDERAL RESERVE SYSTEM

Federal Register Volume 81, Issue 141 (July 22, 2016)

Page Range		47801-47802
FR Document		2016-17358

The Board of Governors of the Federal Reserve System (Board or Federal Reserve) invites comment on a proposal to revise the FR H- (b)11, an information collection submitted by Savings and Loan Holding Companies (SLHCs). On June 15, 1984, the Office of Management and Budget (OMB) delegated to the Board authority under the Paperwork Reduction Act (PRA) to approve of and assign OMB control numbers to collection of information requests and requirements conducted or sponsored by the Board. In exercising this delegated authority, the Board is directed to take every reasonable step to solicit comment. In determining whether to approve a collection of information, the Board will consider all comments received from the public and other agencies.

Federal Register, Volume 81 Issue 141 (Friday, July 22, 2016)

[Federal Register Volume 81, Number 141 (Friday, July 22, 2016)]
[Notices]
[Pages 47801-47802]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-17358]


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FEDERAL RESERVE SYSTEM


Proposed Agency Information Collection Activities; Comment 
Request

AGENCY: Board of Governors of the Federal Reserve System.

ACTION: Notice for comment regarding the Federal Reserve proposal to 
extend with revision, the clearance under the Paperwork Reduction Act 
for the following information collection activity.

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SUMMARY: The Board of Governors of the Federal Reserve System (Board or 
Federal Reserve) invites comment on a proposal to revise the FR H-
(b)11, an information collection submitted by Savings and Loan Holding 
Companies (SLHCs).
    On June 15, 1984, the Office of Management and Budget (OMB) 
delegated to the Board authority under the Paperwork Reduction Act 
(PRA) to approve of and assign OMB control numbers to collection of 
information requests and requirements conducted or sponsored by the 
Board. In exercising this delegated authority, the Board is directed to 
take every reasonable step to solicit comment. In determining whether 
to approve a collection of information, the Board will consider all 
comments received from the public and other agencies.

DATES: Comments must be submitted on or before September 20, 2016.

ADDRESSES: You may submit comments, identified by FR H-(b)11 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 Board invites public comment on the following information 
collection, which is being reviewed under authority delegated by the 
OMB under the PRA. 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 startup costs and costs of operation, 
maintenance, and purchase of services to provide information.
    At the end of the comment period, the comments and recommendations 
received will be analyzed to determine the extent to which the Federal 
Reserve should modify the proposed revisions prior to giving final 
approval.
    Proposal to approve under OMB delegated authority the extension for 
three years, with revision, of the following report:

[[Page 47802]]

    Report title: Savings Association Holding Company Report.
    Agency form number: FR H-(b)11.
    OMB control number: 7100-0334.
    Frequency: Quarterly.
    Respondents: Savings and Loan Holding Companies.
    Estimated number of respondents: 15.
    Estimated Average Hours per Response: 2 hours.
    Estimated Annual Burden Hours: 120 hours.
    General Description of Report: The FR H-(b)11 collects information 
on filings with the Securities and Exchange Commission (SEC), reports 
provided by the nationally recognized statistical rating organizations 
and securities analysts, supplemental information for select questions 
from the Quarterly Savings and Loan Holding Company Report (FR 2320; 
OMB No. 7100-0345), financial statements, and other materially 
important events and exhibits. Respondents are (1) grandfathered 
unitary SLHCs whose assets are primarily commercial and whose thrifts 
make up less than 5 percent of its consolidated assets and (2) SLHCs 
whose assets are primarily insurance-related and do not otherwise 
submit financial reports with the SEC pursuant to Section 13 or 15(d) 
of the Securities Exchange Act of 1934. The Federal Reserve uses the FR 
H-(b)11 data to analyze the overall financial condition of SLHCs to 
ensure safe and sound operations.
    Legal Authorization and Confidentiality: The Board's Legal Division 
has determined that the FR H-(b)11 is authorized by Section 10 of the 
Home Owners' Loan Act, which requires SLHCs to file ``such reports as 
may be required by the Board'' and provides that such reports ``shall 
contain such information concerning the operations of such SLHC and its 
subsidiaries as the Board may require'' (12 U.S.C. 1467a(b)(2)(A)).
    The obligation to respond to the FR H-(b)11 is mandatory. The FR H-
(b)11 covers 6 different items. Item 1 consists of SEC filings made by 
the SLHC that are not publicly traded companies and item 2 consists of 
reports provided by nationally recognized statistical rating 
organizations and securities analysts on any company in the SLHC's 
consolidated organization. The Board's Legal Division has determined 
that neither of these items should raise any issue of confidentiality.
    Item 3 consists of supplemental information for any questions on 
the FR 2320 to which the SLHC answered ``yes.'' The Board's Legal 
Division has determined that supplemental information in response to a 
``yes'' answer for the FR 2320's questions 24, 25, and 26 may be 
protected from disclosure under exemption 4 of the Freedom of 
Information Act (FOIA), which covers ``trade secrets and commercial or 
financial information obtained from a person [that is] privileged or 
confidential'' (5 U.S.C. 522(b)(4)). These questions concern any new or 
changed pledges of capital stock of any subsidiary savings association 
that secures short-term or long-term debt or other borrowings of the 
SLHC; changes to any class of securities of the SLHC or any of its 
subsidiaries that would negatively impact investors; and any default of 
the SLHC or any of its subsidiaries during the quarter. Disclosure of 
this type of information is likely to cause substantial competitive 
harm to the SLHC providing the information and thus this information 
may be protected from disclosure under FOIA exemption 4 (5 U.S.C. 
522(b)(4)).
    With regard to the supplemental information for other FR 2320 
questions that would be provided in item 3 of the FR H-(b)11, as well 
as item 4 (Other Materially Important Events), item 5 (Financial 
Statements) and item 6 (Exhibits--essentially copies not previously 
filed of its charter or bylaws), the respondent may request 
confidential treatment of such information under one or more of the 
exemptions in the FOIA. The most likely case for confidential treatment 
will be exemption 4 (5 U.S.C. 522(b)(4)). However, all such requests 
for confidential treatment would need to be reviewed on a case-by-case 
basis and in response to a specific request for disclosure.
    Proposed Revisions: The Federal Reserve proposes to eliminate the 
requirement that a publicly-traded SLHC submit a copy of its filings 
with the SEC.

    Board of Governors of the Federal Reserve System, July 14, 2016.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2016-17358 Filed 7-21-16; 8:45 am]
 BILLING CODE 6210-01-P

Federal Register / Vol. 81, No. 141 / Friday, July 22, 2016 / Notices 47801

requirements for the General Provisions with revision, the clearance under the Executive Office Building, Room 10235
(40 CFR part 63, subpart A), as well as Paperwork Reduction Act for the 725 17th Street NW., Washington, DC
for the specific requirements at 40 CFR following information collection 20503 or by fax to (202) 395–6974.
part 63 subparts AA and BB. This activity. FOR FURTHER INFORMATION CONTACT: A
includes submitting initial notifications, copy of the PRA OMB submission,
performance tests and periodic reports SUMMARY: The Board of Governors of the
Federal Reserve System (Board or including the proposed reporting form
and results, and maintaining records of and instructions, supporting statement,
the occurrence and duration of any Federal Reserve) invites comment on a
proposal to revise the FR H–(b)11, an and other documentation will be placed
startup, shutdown, or malfunction in into OMB’s public docket files, once
the operation of an affected facility, or information collection submitted by
Savings and Loan Holding Companies approved. These documents will also be
any period during which the monitoring made available on the Federal Reserve
system is inoperative. These reports are (SLHCs).
On June 15, 1984, the Office of Board’s public Web site at: http://
used by EPA to determine compliance www.federalreserve.gov/apps/
with the standards. Management and Budget (OMB)
delegated to the Board authority under reportforms/review.aspx or may be
Form Numbers: None. requested from the agency clearance
Respondents/affected entities: the Paperwork Reduction Act (PRA) to
approve of and assign OMB control officer, whose name appears below.
Phosphoric acid manufacturing and
numbers to collection of information Federal Reserve Board Clearance
phosphate fertilizer production
requests and requirements conducted or Officer—Nuha Elmaghrabi—Office of
facilities.
Respondent’s obligation to respond: sponsored by the Board. In exercising the Chief Data Officer, Board of
Mandatory (40 CFR part 63, subparts this delegated authority, the Board is Governors of the Federal Reserve
AA and BB). directed to take every reasonable step to System, Washington, DC 20551 (202)
Estimated number of respondents: 13 solicit comment. In determining 452–3829. Telecommunications Device
(total). whether to approve a collection of for the Deaf (TDD) users may contact
Frequency of response: Initially, information, the Board will consider all (202) 263–4869, Board of Governors of
occasionally, quarterly, semiannually comments received from the public and the Federal Reserve System,
and annually. other agencies. Washington, DC 20551.
Total estimated burden: 2,200 hours DATES: Comments must be submitted on SUPPLEMENTARY INFORMATION:
(per year). Burden is defined at 5 CFR or before September 20, 2016.
1320.3(b). Request for Comment on Information
ADDRESSES: You may submit comments, Collection Proposal
Total estimated cost: $413,000 (per
year), which includes $186,000 in either identified by FR H–(b)11 by any of the
The Board invites public comment on
annualized capital/startup or operation following methods:
• Agency Web site: http:// the following information collection,
& maintenance costs. which is being reviewed under
Changes in the Estimates: There is an www.federalreserve.gov. Follow the
instructions for submitting comments at authority delegated by the OMB under
adjustment increase in the total the PRA. Comments are invited on the
estimated cost, burden, number of http://www.federalreserve.gov/apps/
foia/proposedregs.aspx. following:
responses, and capital and O&M costs as a. Whether the proposed collection of
• Federal eRulemaking Portal: http://
currently identified in the OMB information is necessary for the proper
www.regulations.gov. Follow the
Inventory of Approved Burdens. The performance of the Federal Reserve’s
instructions for submitting comments.
change in burden for the new and functions; including whether the
• Email: regs.comments@
existing facilities is due primarily to a information has practical utility;
federalreserve.gov. Include OMB
program change in the regulation b. The accuracy of the Federal
number in the subject line of the
requiring: (1) Mercury testing and total Reserve’s estimate of the burden of the
message.
fluoride (TF) testing of phosphate rock • FAX: (202) 452–3819 or (202) 452– proposed information collection,
calciners; and (2) TF testing of oxidation 3102. including the validity of the
reactors. The Residual Risk and • Mail: Robert deV. Frierson, methodology and assumptions used;
Technology Review (RTR) associated Secretary, Board of Governors of the c. Ways to enhance the quality,
with this program change estimated 12 Federal Reserve System, 20th Street and utility, and clarity of the information to
phosphoric acid units and 11 phosphate Constitution Avenue NW., Washington, be collected;
fertilizer units (a total of 23 process DC 20551. d. Ways to minimize the burden of
units) located at 13 facilities. All public comments are available information collection on respondents,
Courtney Kerwin, from the Board’s Web site at http:// including through the use of automated
Acting Director, Collection Strategies www.federalreserve.gov/apps/foia/ collection techniques or other forms of
Division. proposedregs.aspx as submitted, unless information technology; and
[FR Doc. 2016–17283 Filed 7–21–16; 8:45 am]
modified for technical reasons. e. Estimates of capital or startup costs
Accordingly, your comments will not be and costs of operation, maintenance,
BILLING CODE 6560–50–P
edited to remove any identifying or and purchase of services to provide
contact information. Public comments information.
may also be viewed electronically or in At the end of the comment period, the
FEDERAL RESERVE SYSTEM comments and recommendations
paper form in Room 3515, 1801 K Street
Proposed Agency Information (between 18th and 19th Streets NW) received will be analyzed to determine
ehiers on DSK5VPTVN1PROD with NOTICES

Collection Activities; Comment Washington, DC 20006 between 9:00 the extent to which the Federal Reserve
Request a.m. and 5:00 p.m. on weekdays. should modify the proposed revisions
Additionally, commenters may send a prior to giving final approval.
AGENCY: Board of Governors of the copy of their comments to the OMB Proposal to approve under OMB
Federal Reserve System. Desk Officer—Shagufta Ahmed—Office delegated authority the extension for
ACTION: Notice for comment regarding of Information and Regulatory Affairs, three years, with revision, of the
the Federal Reserve proposal to extend Office of Management and Budget, New following report:

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Document Created: 2016-07-22 02:38:29
Document Modified: 2016-07-22 02:38:29

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		Notice for comment regarding the Federal Reserve proposal to extend with revision, the clearance under the Paperwork Reduction Act for the following information collection activity.
Dates		Comments must be submitted on or before September 20, 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 47801