82 FR 24970 - Proposed Agency Information Collection Activities; Comment Request; Notification of Nonfinancial Data Processing Activities

FEDERAL RESERVE SYSTEM

Federal Register Volume 82, Issue 103 (May 31, 2017)

Page Range		24970-24971
FR Document		2017-11136

The Board of Governors of the Federal Reserve System (Board) invites comment on a proposal to extend for three years, without revision, the Notification of Nonfinancial Data Processing Activities. 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 82 Issue 103 (Wednesday, May 31, 2017)

[Federal Register Volume 82, Number 103 (Wednesday, May 31, 2017)]
[Notices]
[Pages 24970-24971]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-11136]


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FEDERAL RESERVE SYSTEM

[OMB No. 7100-0306]


Proposed Agency Information Collection Activities; Comment 
Request; Notification of Nonfinancial Data Processing Activities

AGENCY: Board of Governors of the Federal Reserve System.

ACTION: Notice, request for comment.

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

SUMMARY: The Board of Governors of the Federal Reserve System (Board) 
invites comment on a proposal to extend for three years, without 
revision, the Notification of Nonfinancial Data Processing Activities.
    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 July 31, 2017.

ADDRESSES: You may submit comments, identified by FR 4021, 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: Ann E. Misback, 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, without revision, of the following report:
    Report title: Notification of Nonfinancial Data Processing 
Activities.
    Agency form number: FR 4021.
    OMB control number: 7100-0306.
    Frequency: On occasion.
    Respondents: Bank holding companies.
    Estimated number of respondents: 2.
    Estimated average hours per response: 2.
    Estimated annual burden hours: 4.
    General Description of Report: Bank holding companies (BHCs) submit 
the FR 4021 notification to request permission to administer the 49 
percent revenue limit on nonfinancial data processing activities on a 
business-line or multiple-entity basis. These notifications, which may 
be submitted in letter form, should describe the structure of the 
requesting BHC's data processing operations, the methodology the BHC 
proposes to use to administer the 49 percent revenue test, and the 
reasons why the BHC believes that the proposed methodology is 
appropriate. The Board will consider any request in light of all the 
facts and circumstances, including the interrelationships between the 
data processing activities conducted by the BHC's separate 
subsidiaries, the holding company's business or operational reasons for 
conducting its data processing activities in different subsidiaries, 
and the level of the BHC's ownership interest in the individual 
subsidiaries.
    Legal authorization and confidentiality: The Board's Legal Division 
has determined that 12 U.S.C. 1843(c)(8)(j) and (k) authorize the Board 
to collect this information. A bank holding company may request 
confidential treatment of the

[[Page 24971]]

information contained in the notice pursuant to exemption 4 of the 
Freedom of Information Act (5 U.S.C. 552(b)(4)).

    Board of Governors of the Federal Reserve System, May 24, 2017.
Ann E. Misback,
Secretary of the Board.
[FR Doc. 2017-11136 Filed 5-30-17; 8:45 am]
 BILLING CODE 6210-01-P

24970 Federal Register / Vol. 82, No. 103 / Wednesday, May 31, 2017 / Notices

Market Street, San Francisco, California • FAX: (202) 452–3819 or (202) 452– proposed information collection,
94105–1579: 3102. including the validity of the
1. Wells Fargo & Company, San • Mail: Ann E. Misback, Secretary, methodology and assumptions used;
Francisco, California; to acquire certain Board of Governors of the Federal c. Ways to enhance the quality,
subsidiaries from its bank Wells Fargo Reserve System, 20th Street and utility, and clarity of the information to
Bank, N.A., Sioux Falls, South Dakota, Constitution Avenue NW., Washington, be collected;
and thereby indirectly engage in DC 20551. d. Ways to minimize the burden of
investment advisory activities, pursuant All public comments are available from information collection on respondents,
to section 225.28(b)(6)(i) of Regulation the Board’s Web site at http:// including through the use of automated
Y. www.federalreserve.gov/apps/foia/ collection techniques or other forms of
Board of Governors of the Federal Reserve proposedregs.aspx as submitted, unless information technology; and
System, May 25, 2017. modified for technical reasons. e. Estimates of capital or startup costs
Yao-Chin Chao, Accordingly, your comments will not be and costs of operation, maintenance,
edited to remove any identifying or and purchase of services to provide
Assistant Secretary of the Board.
contact information. Public comments information.
[FR Doc. 2017–11208 Filed 5–30–17; 8:45 am] At the end of the comment period, the
may also be viewed electronically or in
BILLING CODE 6210–01–P
paper form in Room 3515, 1801 K Street comments and recommendations
(between 18th and 19th Streets NW.) received will be analyzed to determine
Washington, DC 20006 between 9:00 the extent to which the Federal Reserve
FEDERAL RESERVE SYSTEM should modify the proposed revisions
a.m. and 5:00 p.m. on weekdays.
[OMB No. 7100–0306] Additionally, commenters may send a prior to giving final approval.
copy of their comments to the OMB Proposal to approve under OMB
Proposed Agency Information Desk Officer—Shagufta Ahmed—Office delegated authority the extension for
Collection Activities; Comment of Information and Regulatory Affairs, three years, without revision, of the
Request; Notification of Nonfinancial Office of Management and Budget, New following report:
Data Processing Activities Executive Office Building, Room 10235, Report title: Notification of
725 17th Street NW., Washington, DC Nonfinancial Data Processing Activities.
AGENCY: Board of Governors of the Agency form number: FR 4021.
Federal Reserve System. 20503 or by fax to (202) 395–6974.
OMB control number: 7100–0306.
ACTION: Notice, request for comment. FOR FURTHER INFORMATION CONTACT: A Frequency: On occasion.
copy of the PRA OMB submission, Respondents: Bank holding
SUMMARY: The Board of Governors of the including the proposed reporting form companies.
Federal Reserve System (Board) invites and instructions, supporting statement, Estimated number of respondents: 2.
comment on a proposal to extend for and other documentation will be placed Estimated average hours per response:
three years, without revision, the into OMB’s public docket files, once 2.
Notification of Nonfinancial Data approved. These documents will also be Estimated annual burden hours: 4.
Processing Activities. made available on the Federal Reserve General Description of Report: Bank
On June 15, 1984, the Office of Board’s public Web site at: http:// holding companies (BHCs) submit the
Management and Budget (OMB) www.federalreserve.gov/apps/report FR 4021 notification to request
delegated to the Board authority under forms/review.aspx or may be requested permission to administer the 49 percent
the Paperwork Reduction Act (PRA) to from the agency clearance officer, whose revenue limit on nonfinancial data
approve of and assign OMB control name appears below. processing activities on a business-line
numbers to collection of information Federal Reserve Board Clearance or multiple-entity basis. These
requests and requirements conducted or Officer—Nuha Elmaghrabi—Office of notifications, which may be submitted
sponsored by the Board. In exercising the Chief Data Officer, Board of in letter form, should describe the
this delegated authority, the Board is Governors of the Federal Reserve structure of the requesting BHC’s data
directed to take every reasonable step to System, Washington, DC 20551 (202) processing operations, the methodology
solicit comment. In determining 452–3829. Telecommunications Device the BHC proposes to use to administer
whether to approve a collection of for the Deaf (TDD) users may contact the 49 percent revenue test, and the
information, the Board will consider all (202) 263–4869, Board of Governors of reasons why the BHC believes that the
comments received from the public and the Federal Reserve System, proposed methodology is appropriate.
other agencies. Washington, DC 20551. The Board will consider any request in
DATES: Comments must be submitted on SUPPLEMENTARY INFORMATION: light of all the facts and circumstances,
or before July 31, 2017. including the interrelationships
ADDRESSES: You may submit comments,
Request for Comment on Information between the data processing activities
identified by FR 4021, by any of the Collection Proposal conducted by the BHC’s separate
following methods: The Board invites public comment on subsidiaries, the holding company’s
• Agency Web site: http://www. the following information collection, business or operational reasons for
federalreserve.gov. Follow the which is being reviewed under conducting its data processing activities
instructions for submitting comments at authority delegated by the OMB under in different subsidiaries, and the level of
http://www.federalreserve.gov/apps/ the PRA. Comments are invited on the the BHC’s ownership interest in the
foia/proposedregs.aspx. following: individual subsidiaries.
nlaroche on DSK30NT082PROD with NOTICES

• Federal eRulemaking Portal: http:// a. Whether the proposed collection of Legal authorization and
www.regulations.gov. Follow the information is necessary for the proper confidentiality: The Board’s Legal
instructions for submitting comments. performance of the Federal Reserve’s Division has determined that 12 U.S.C.
• Email: regs.comments@ functions; including whether the 1843(c)(8)(j) and (k) authorize the Board
federalreserve.gov. Include OMB information has practical utility; to collect this information. A bank
number in the subject line of the b. The accuracy of the Federal holding company may request
message. Reserve’s estimate of the burden of the confidential treatment of the

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Document Created: 2017-05-31 05:59:17
Document Modified: 2017-05-31 05:59:17

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
Action		Notice, request for comment.
Dates		Comments must be submitted on or before July 31, 2017.
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		82 FR 24970