81 FR 8958 - Proposed Agency Information Collection Activities; Comment Request

FEDERAL RESERVE SYSTEM

Federal Register Volume 81, Issue 35 (February 23, 2016)

Page Range		8958-8959
FR Document		2016-03711

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 35 (Tuesday, February 23, 2016)

[Federal Register Volume 81, Number 35 (Tuesday, February 23, 2016)]
[Notices]
[Pages 8958-8959]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-03711]


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

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 25, 2016.

ADDRESSES: You may submit comments, identified by FR 4004 or FR 4201, 
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 the OMB 
control 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 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 all 
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 collections of information are 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;

[[Page 8959]]

    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.

Proposal To Approve Under OMB Delegated Authority 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.
    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)).
    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.

    Board of Governors of the Federal Reserve System, February 18, 
2016.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2016-03711 Filed 2-22-16; 8:45 am]
 BILLING CODE 6210-01-P

8958 Federal Register / Vol. 81, No. 35 / Tuesday, February 23, 2016 / Notices

language interpretation or other Board of Governors of the Federal Reserve Accordingly, your comments will not be
reasonable accommodations, should System, February 18, 2016. edited to remove any identifying or
contact Shawn Woodhead Werth, Michael J. Lewandowski, contact information. Public comments
Secretary and Clerk, at (202) 694–1040, Associate Secretary of the Board. may also be viewed electronically or in
at least 72 hours prior to the meeting [FR Doc. 2016–03691 Filed 2–22–16; 8:45 am] paper form in Room 3515, 1801 K Street
date. BILLING CODE 6210–01–P (between 18th and 19th Streets NW.),
Washington, DC 20006 between 9:00
PERSON TO CONTACT FOR INFORMATION:
a.m. and 5:00 p.m. on weekdays.
Judith Ingram, Press Officer, Telephone: Additionally, commenters may send a
FEDERAL RESERVE SYSTEM
(202) 694–1220. copy of their comments to the OMB
Shawn Woodhead Werth, Proposed Agency Information Desk Officer—Shagufta Ahmed—Office
Secretary and Clerk of the Commission.
Collection Activities; Comment of Information and Regulatory Affairs,
Request Office of Management and Budget, New
[FR Doc. 2016–03787 Filed 2–19–16; 11:15 am]
Executive Office Building, Room 10235,
BILLING CODE 6715–01–P AGENCY: Board of Governors of the
725 17th Street NW., Washington, DC
Federal Reserve System.
20503 or by fax to 202–395–6974.
SUMMARY: On June 15, 1984, the Office
FOR FURTHER INFORMATION CONTACT: A
of Management and Budget (OMB)
copy of the PRA OMB submission,
FEDERAL RESERVE SYSTEM delegated to the Board of Governors of including the proposed reporting form
the Federal Reserve System (Board) its and instructions, supporting statement,
Change in Bank Control Notices; approval authority under the Paperwork and other documentation will be placed
Acquisitions of Shares of a Bank or Reduction Act (PRA), to approve of and into OMB’s public docket files, once
Bank Holding Company assign OMB numbers to collection of approved. These documents will also be
information requests and requirements made available on the Federal Reserve
The notificants listed below have conducted or sponsored by the Board.
applied under the Change in Bank Board’s public Web site at: http://www.
Board-approved collections of federalreserve.gov/apps/reportforms/
Control Act (12 U.S.C. 1817(j)) and information are incorporated into the
§ 225.41 of the Board’s Regulation Y (12 review.aspx or may be requested from
official OMB inventory of currently the agency clearance officer, whose
CFR 225.41) to acquire shares of a bank approved collections of information. name appears below.
or bank holding company. The factors Copies of the PRA Submission, Federal Reserve Board Clearance
that are considered in acting on the supporting statements and approved Officer—Nuha Elmaghrabi—Office of
notices are set forth in paragraph 7 of collection of information instruments the Chief Data Officer, Board of
the Act (12 U.S.C. 1817(j)(7)). are placed into OMB’s public docket Governors of the Federal Reserve
The notices are available for files. The Federal Reserve may not System, Washington, DC 20551 (202)
immediate inspection at the Federal conduct or sponsor, and the respondent 452–3829. Telecommunications Device
Reserve Bank indicated. The notices is not required to respond to, an for the Deaf (TDD) users may contact
also will be available for inspection at information collection that has been (202) 263–4869, Board of Governors of
the offices of the Board of Governors. extended, revised, or implemented on or the Federal Reserve System,
Interested persons may express their after October 1, 1995, unless it displays Washington, DC 20551.
views in writing to the Reserve Bank a currently valid OMB number. SUPPLEMENTARY INFORMATION:
indicated for that notice or to the offices DATES: Comments must be submitted on
of the Board of Governors. Comments or before April 25, 2016. Request for Comment on Information
must be received not later than March Collection Proposals
ADDRESSES: You may submit comments,
9, 2016. identified by FR 4004 or FR 4201, by The following information
A. Federal Reserve Bank of Chicago any of the following methods: collections, which are being handled
(Colette A. Fried, Assistant Vice • Agency Web site: http:// under delegated authority, have
President) 230 South LaSalle Street, www.federalreserve.gov. Follow the received initial Board approval and are
Chicago, Illinois 60690–1414: instructions for submitting comments at hereby published for comment. At the
http://www.federalreserve.gov/apps/ end of the comment period, the
1. Charles W. Ruth, individually and foia/proposedregs.aspx. proposed information collections, along
as the sole general partner of ACBT L.P., • Federal eRulemaking Portal: http:// with an analysis of all comments and
both of Huntley, Illinois, to individually, www.regulations.gov. Follow the recommendations received, will be
and together as a group acting in instructions for submitting comments. submitted to the Board for final
concert, with ACBT L.P., Helen J. Ruth, • Email: regs.comments@ approval under OMB delegated
Eric L. Ruth, all of Huntley, Illinois, federalreserve.gov. Include the OMB authority. Comments are invited on the
William A. Ruth, Mary H. Ruth, both of control number in the subject line of the following:
Woodstock, Illinois, Emily Ruth Smith, message. a. Whether the proposed collections
Jonathan R. Smith, both of Lake in the • FAX: 202–452–3819 or 202–452– of information are necessary for the
Hills, Illinois, Scott H. Ruth, Marengo, 3102. proper performance of the Federal
Illinois, Janet L. Smith Trust No. 1 dated • Mail: Robert deV. Frierson, Reserve’s functions; including whether
December 13, 1994, with Janet L. Smith Secretary, Board of Governors of the the information has practical utility;
mstockstill on DSK4VPTVN1PROD with NOTICES

as trustee, and John J. Smith, all of Federal Reserve System, 20th Street and b. The accuracy of the Federal
McHenry, Illinois, and Scott L. Smith, Constitution Avenue NW., Washington, Reserve’s estimate of the burden of the
Royal Oak, Michigan; to acquire voting DC 20551. proposed information collection,
shares of American Community All public comments are available including the validity of the
Financial, Inc., and thereby indirectly from the Board’s Web site at http:// methodology and assumptions used;
acquire voting shares of American www.federalreserve.gov/apps/foia/ c. Ways to enhance the quality,
Community Bank, both in Woodstock, proposedregs.aspx as submitted, unless utility, and clarity of the information to
Illinois. modified for technical reasons. be collected;

VerDate Sep<11>2014 17:06 Feb 22, 2016 Jkt 238001 PO 00000 Frm 00064 Fmt 4703 Sfmt 4703 E:\FR\FM\23FEN1.SGM 23FEN1

Federal Register / Vol. 81, No. 35 / Tuesday, February 23, 2016 / Notices 8959

d. Ways to minimize the burden of Reporters: State member banks, bank maintain documentation regarding
information collection on respondents, holding companies, and certain savings certain policies and procedures, trading
including through the use of automated and loan holding companies. and hedging strategies, and internal
collection techniques or other forms of Number of respondents: 28. models. These documents would remain
information technology; and Estimated burden per respondent: on the premises of the banking
e. Estimates of capital or startup costs 1,964 hours. organizations and accordingly would
and costs of operation, maintenance, Total estimated annual burden: not generally be subject to a FOIA
and purchase of services to provide 54,992 hours. request. To the extent these documents
information. Abstract: The market risk rule is an are provided to the regulators, they
important component of the Board’s would be exempt under exemption
Proposal To Approve Under OMB regulatory capital framework (12 CFR (b)(8), and may be exempt under
Delegated Authority the Extension for 217) that requires banking organizations exemption (b)(4). Exemption (b)(4)
Three Years, Without Revision, of the to measure and hold capital to cover protects from disclosure ‘‘trade secrets
Following Reports: their exposure to market risk. On July 2, and commercial or financial information
1. Report title: Written Security 2013, the Federal Reserve adopted a obtained from a person and privileged
Program for State Member Banks. revised regulatory capital framework, or confidential.’’ The disclosure
Agency form number: FR 4004. including the market risk rule, which requirements of the FR 4201 do not raise
OMB control number: 7100–0112. was expanded to include certain savings any confidentiality issues because they
and loan holding companies. The
Frequency: On occasion. require banking organizations to make
information-collection requirements in
Reporters: State member banks. certain information public.
the market risk rule provide the most
Number of respondents: 45. Board of Governors of the Federal Reserve
current statistical data available to
Estimated average hours per response: identify areas of market risk on which System, February 18, 2016.
0.5 hours. to focus for onsite and offsite Robert deV. Frierson,
Estimated annual reporting hours: 23 examinations and allow the Federal Secretary of the Board.
hours. Reserve to assess and monitor the levels [FR Doc. 2016–03711 Filed 2–22–16; 8:45 am]
Abstract: The board of directors of and components of each reporting BILLING CODE 6210–01–P
each state member bank must designate institution’s risk-based capital
a security officer to assume the requirements for market risk and the
responsibility for the development and adequacy of the institution’s capital
administration of a written security FEDERAL TRADE COMMISSION
under the market risk rule. The
program within 180 days of opening for reporting, recordkeeping, and disclosure Agency Information Collection
business. Each state member bank must requirements are found in sections 12 Activities; Proposed Collection;
develop and implement a written CFR 217.203–217.210, and 217.212. Comment Request; Extension
security program for the bank’s main These requirements enhance risk
office and branches and maintain it in sensitivity and introduce requirements AGENCY: Federal Trade Commission
the bank’s records. The designated for public disclosure of certain (‘‘FTC’’ or ‘‘Commission’’).
security officer must report at least qualitative and quantitative information ACTION: Notice.
annually to the bank’s board of directors about a financial institution’s market
on the implementation, administration, risk. There are no required reporting SUMMARY: The FTC intends to ask the
and effectiveness of the written security forms associated with this information Office of Management and Budget
program. There is no formal reporting collection. (‘‘OMB’’) to extend for an additional
form and the information is not Legal authorization and three years the current Paperwork
submitted to the Federal Reserve. confidentiality: The FR 4201 is Reduction Act (‘‘PRA’’) clearance for the
Legal authorization and authorized under 12 U.S.C. 324, 1844(c), FTC’s enforcement of the information
confidentiality: This recordkeeping and 1467a(b)(2)(A). Information collection requirements in its regulation
requirement is mandatory pursuant to collected pursuant to the reporting ‘‘Duties of Furnishers of Information to
section 3 of the Bank Protection Act (12 requirements of the FR 4201 Consumer Reporting Agencies’’
U.S.C. 1882(a)) and Regulation H (12 (specifically, information related to (‘‘Information Furnishers Rule’’), which
CFR 208.61). Because written security seeking regulatory approval for the use applies to certain motor vehicle dealers,
programs are maintained at state of certain incremental and and its shared enforcement with the
member banks, no issue of comprehensive risk models and Consumer Financial Protection Bureau
confidentiality under the Freedom of methodologies under sections 217.208 (‘‘CFPB’’) of the furnisher provisions
Information Act (FOIA) normally arises. and 217.209) is exempt from disclosure (subpart E) of the CFPB’s Regulation V
However, copies of such documents pursuant to exemption (b)(8) of FOIA (5 regarding other entities. That clearance
included in examination work papers U.S.C. 552(b)(8)), and exemption (b)(4) expires on August 31, 2016.
would, in such form, be confidential of FOIA (5 U.S.C. 552(b)(4)). Exemption DATES: Comments must be filed by April
pursuant to exemption 8 of FOIA (5 (b)(8) applies because the reported 25, 2016.
U.S.C. 552(b)(8)). In addition, the information is contained in or related to ADDRESSES: Interested parties may file a
records may also be exempt from examination reports. Exemption (b)(4) comment online or on paper, by
disclosure under exemption 4 of FOIA applies because the information following the instructions in the
(5 U.S.C. 552(b)(4)).
mstockstill on DSK4VPTVN1PROD with NOTICES

provided to obtain regulatory approval Request for Comment part of the
2. Report title: Risk-Based Capital of the incremental or comprehensive SUPPLEMENTARY INFORMATION section
Guidelines: Market Risk. risk models is confidential business below. Write ‘‘Information Furnishers
Agency form number: FR 4201. information the release of which could Rule, PRA Comment, P135407,’’ on your
OMB control number: 7100–0314. cause substantial competitive harm to comment and file your comment online
Frequency: Varied—some the reporting company. The at https://ftcpublic.commentworks.com/
requirements are done at least quarterly recordkeeping requirements of the FR ftc/infofurnishersrulepra, by following
and some at least annually. 4201 require banking organizations to the instructions on the web-based form.

VerDate Sep<11>2014 17:06 Feb 22, 2016 Jkt 238001 PO 00000 Frm 00065 Fmt 4703 Sfmt 4703 E:\FR\FM\23FEN1.SGM 23FEN1

Document Created: 2018-02-02 14:33:20
Document Modified: 2018-02-02 14:33:20

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 25, 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 8958