83 FR 22486 - Agency information collection activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB

FEDERAL RESERVE SYSTEM

Federal Register Volume 83, Issue 94 (May 15, 2018)

Page Range		22486-22487
FR Document		2018-10266

The Board of Governors of the Federal Reserve System (Board) is adopting a proposal to extend for three years, without revision, the Quarterly Report of Assets and Liabilities of Large Foreign Offices of U.S. Banks (FR 2502q; OMB No. 7100-0079).

Federal Register, Volume 83 Issue 94 (Tuesday, May 15, 2018)

[Federal Register Volume 83, Number 94 (Tuesday, May 15, 2018)]
[Notices]
[Pages 22486-22487]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-10266]


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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: The Board of Governors of the Federal Reserve System (Board) 
is adopting a proposal to extend for three years, without revision, the 
Quarterly Report of Assets and Liabilities of Large Foreign Offices of 
U.S. Banks (FR 2502q; OMB No. 7100-0079).

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 
or by fax to (202) 395-6974.

SUPPLEMENTARY INFORMATION: 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. 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.

Final Approval Under OMB Delegated Authority of the Extension for Three 
Years, Without Revision, of the Following Report:

    Report title: Quarterly Report of Assets and Liabilities of Large 
Foreign Offices of U.S. Banks.
    Agency form number: FR 2502q.
    OMB control number: 7100-0079.
    Frequency: Quarterly.
    Respondents: U.S. commercial banks, bank holding companies, 
including financial holding companies, and banking Edge and agreement 
corporations (U.S. banks) for their large branches and banking 
subsidiaries that are located in the United Kingdom or the Caribbean.
    Estimated number of respondents: 27.
    Estimated average hours per response: 1.
    Estimated annual burden hours: 108.
    General description of report: The FR 2502q collects, for each 
reporting office, claims on and liabilities to residents of the United 
States and of all countries as of each quarter-end. Additional details 
are collected about positions vis-[agrave]-vis U.S. residents. 
Positions vis-[agrave]-vis other non-U.S. offices of the parent bank 
and positions arising from derivatives contracts are also broken out. 
The data are used in constructing a piece of the Financial Accounts of 
the United States that are compiled by the Board and in preparing the 
U.S. International Transactions Accounts and the International 
Investment Position that are compiled by the Bureau for Economic 
Analysis (BEA), an agency of the Department of Commerce.
    Legal authorization and confidentiality: The Board is authorized to 
collect the information in the 2502q from (1) bank holding companies 
pursuant to section 5 of the Bank Holding Company Act (12 U.S.C. 
1844(c)), which authorizes the Board to require a bank holding company 
and any subsidiary to submit reports, (2) Edge and agreement 
corporations pursuant to section 25A(17) of the Federal Reserve Act 
(``FRA'') (12 U.S.C. 625), which authorizes the Board to require Edge 
and agreement corporations to make reports to the Board, and (3) 
depository institutions pursuant to section 11(a)(2) of the FRA

[[Page 22487]]

(12 U.S.C. 248(a)(2)), which authorizes the Board to require reports 
from each member bank as it may deem necessary and authorizes the Board 
to prescribe reports of liabilities and assets from insured depository 
institutions to enable the Board to discharge its responsibility to 
monitor and control monetary and credit aggregates. The FR 2502q report 
is mandatory. The information from this collection would not be 
accorded confidential treatment because release of the information is 
not likely to result in substantial harm to the competitive position of 
the respondents. If confidential treatment is requested by a 
respondent, the Board will review the request to determine if 
confidential treatment is appropriate.
    Current actions: On February 22, 2018, the Federal Reserve 
published a notice in the Federal Register (83 FR 7725) requesting 
public comment for 60 days on the extension, without revision, of the 
Quarterly Report of Assets and Liabilities of Large Foreign Offices of 
U.S. Banks (FR 2502q; OMB No. 7100-0079). The comment period for this 
notice expired on April 23, 2018. The Federal Reserve did not receive 
any comments.

    Board of Governors of the Federal Reserve System, May 9, 2018.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2018-10266 Filed 5-14-18; 8:45 am]
BILLING CODE 6210-01-P

22486 Federal Register / Vol. 83, No. 94 / Tuesday, May 15, 2018 / Notices

State Abbreviation (c) Ways to enhance the quality, supporting statements and approved
State Registration Number for AMC utility, and clarity of the information to collection of information instrument(s)
Employer Identification Number (EIN) be collected; are placed into OMB’s public docket
AMC Name (d) Ways to minimize the burden of files. The Federal Reserve may not
Street Address the collection on respondents, including conduct or sponsor, and the respondent
City through the use of automated collection is not required to respond to, an
State techniques or other forms of information information collection that has been
Zip technology; and extended, revised, or implemented on or
License or Registration Status (e) Estimates of capital or start-up after October 1, 1995, unless it displays
Effective Date costs and costs of operation, a currently valid OMB control number.
Expiration Date maintenance, and purchase of services
AMC Type (State or multi-State) to provide information. Final Approval Under OMB Delegated
Disciplinary Action Authority of the Extension for Three
Effective Date By the Appraisal Subcommittee, Years, Without Revision, of the
Expiration Date Dated: May 10, 2018. Following Report:
Number of Appraisers (for invoicing Arthur Lindo,
Report title: Quarterly Report of
registry fee) Chairman.
Assets and Liabilities of Large Foreign
States listing AMCs on the AMC [FR Doc. 2018–10327 Filed 5–14–18; 8:45 am]
Offices of U.S. Banks.
Registry will enter the above BILLING CODE P Agency form number: FR 2502q.
information for each AMC for the initial OMB control number: 7100–0079.
entry only. After the initial entry, the Frequency: Quarterly.
information is retained on the AMC FEDERAL RESERVE SYSTEM Respondents: U.S. commercial banks,
Registry, and will only need to be bank holding companies, including
amended if necessary by the State. Agency information collection financial holding companies, and
activities: Announcement of Board banking Edge and agreement
Comment Summary Approval Under Delegated Authority corporations (U.S. banks) for their large
In the Federal Register of January 29, and Submission to OMB branches and banking subsidiaries that
2018 (83 FR 4046), the ASC published AGENCY: Board of Governors of the are located in the United Kingdom or
a 60-day notice requesting public Federal Reserve System. the Caribbean.
comment on Reporting information for Estimated number of respondents: 27.
SUMMARY: The Board of Governors of the Estimated average hours per response:
the AMC Registry and the collection of Federal Reserve System (Board) is
information. The ASC received 4 1.
adopting a proposal to extend for three Estimated annual burden hours: 108.
comment letters that were not years, without revision, the Quarterly
responsive to the request for comments General description of report: The FR
Report of Assets and Liabilities of Large 2502q collects, for each reporting office,
addressing irrelevant subject matter. Foreign Offices of U.S. Banks (FR 2502q; claims on and liabilities to residents of
Burden Estimates OMB No. 7100–0079). the United States and of all countries as
The estimate for burden assumes that FOR FURTHER INFORMATION CONTACT: of each quarter-end. Additional details
50 States will elect to supervise and Federal Reserve Board Clearance are collected about positions vis-à-vis
register AMCs, and that the average Officer—Nuha Elmaghrabi—Office of U.S. residents. Positions vis-à-vis other
number of AMCs in a State will be 150. the Chief Data Officer, Board of non-U.S. offices of the parent bank and
This estimate is based on information Governors of the Federal Reserve positions arising from derivatives
currently available, and will be high for System, Washington, DC, 20551 (202) contracts are also broken out. The data
some States, and low for other States. 452–3829. Telecommunications Device are used in constructing a piece of the
The initial entry by a State on a single for the Deaf (TDD) users may contact Financial Accounts of the United States
AMC is estimated to take 15 minutes. (202) 263–4869, Board of Governors of that are compiled by the Board and in
Subsequent entries to amend the Federal Reserve System, preparing the U.S. International
information on an AMC, annually or Washington, DC 20551. Transactions Accounts and the
periodically, are estimated to be OMB Desk Officer—Shagufta International Investment Position that
negligible. Ahmed—Office of Information and are compiled by the Bureau for
Type of Review: Regular. Regulatory Affairs, Office of Economic Analysis (BEA), an agency of
Affected Public: States. Management and Budget, New the Department of Commerce.
Estimated Number of Respondents: 50 Executive Office Building, Room 10235, Legal authorization and
States. 725 17th Street NW, Washington, DC confidentiality: The Board is authorized
Estimated burden per Response: 15 20503 or by fax to (202) 395–6974. to collect the information in the 2502q
minutes. SUPPLEMENTARY INFORMATION: On June from (1) bank holding companies
Frequency of Response: Annually and 15, 1984, the Office of Management and pursuant to section 5 of the Bank
on occasion. Budget (OMB) delegated to the Board Holding Company Act (12 U.S.C.
Estimated total Annual Burden: 1,875 authority under the Paperwork 1844(c)), which authorizes the Board to
hours. Reduction Act (PRA) to approve of and require a bank holding company and
Comments continue to be invited on: assign OMB control numbers to any subsidiary to submit reports, (2)
(a) Whether the collection of collection of information requests and Edge and agreement corporations
daltland on DSKBBV9HB2PROD with NOTICES

information is necessary for the proper requirements conducted or sponsored pursuant to section 25A(17) of the
performance of the functions of the by the Board. Board-approved Federal Reserve Act (‘‘FRA’’) (12 U.S.C.
agency, including whether the collections of information are 625), which authorizes the Board to
information shall have practical utility; incorporated into the official OMB require Edge and agreement
(b) The accuracy of the agency’s inventory of currently approved corporations to make reports to the
estimate of the burden of the collection collections of information. Copies of the Board, and (3) depository institutions
of information; Paperwork Reduction Act Submission, pursuant to section 11(a)(2) of the FRA

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Federal Register / Vol. 83, No. 94 / Tuesday, May 15, 2018 / Notices 22487

(12 U.S.C. 248(a)(2)), which authorizes OMB Desk Officer—Shagufta to collect the information on the FR
the Board to require reports from each Ahmed—Office of Information and 2835 and FR 2835a by sections 2A and
member bank as it may deem necessary Regulatory Affairs, Office of 11 of the Federal Reserve Act (‘‘FRA’’).
and authorizes the Board to prescribe Management and Budget, New Section 2A of the FRA (12 U.S.C. 225a)
reports of liabilities and assets from Executive Office Building, Room 10235, requires that the Board and the Federal
insured depository institutions to enable 725 17th Street NW, Washington, DC Open Market Committee (‘‘FOMC’’)
the Board to discharge its responsibility 20503 or by fax to (202) 395–6974. maintain long-run growth of the
to monitor and control monetary and SUPPLEMENTARY INFORMATION: On June monetary and credit aggregates
credit aggregates. The FR 2502q report 15, 1984, the Office of Management and commensurate with the economy’s long
is mandatory. The information from this Budget (OMB) delegated to the Board run potential to increase production, so
collection would not be accorded authority under the Paperwork as to promote effectively the goals of
confidential treatment because release Reduction Act (PRA) to approve of and maximum employment, stable prices,
of the information is not likely to result assign OMB control numbers to and moderate long-term interest rates.
in substantial harm to the competitive collection of information requests and Section 11 of the FRA (12 U.S.C. 248(a))
position of the respondents. If requirements conducted or sponsored
confidential treatment is requested by a authorizes the Board to require reports
by the Board. Board-approved from each member bank as it may deem
respondent, the Board will review the collections of information are
request to determine if confidential necessary and authorizes the Board to
incorporated into the official OMB
treatment is appropriate. prescribe reports of liabilities and assets
inventory of currently approved
Current actions: On February 22, from insured depository institutions to
collections of information. Copies of the
2018, the Federal Reserve published a enable the Board to discharge its
Paperwork Reduction Act Submission,
notice in the Federal Register (83 FR supporting statements and approved responsibility to monitor and control
7725) requesting public comment for 60 collection of information instrument(s) monetary and credit aggregates. The
days on the extension, without revision, are placed into OMB’s public docket information collected on the FR 2835
of the Quarterly Report of Assets and files. The Federal Reserve may not and FR 2835a assist the Board and the
Liabilities of Large Foreign Offices of conduct or sponsor, and the respondent FOMC with fulfilling these obligations.
U.S. Banks (FR 2502q; OMB No. 7100– is not required to respond to, an Both the 2835 and 2835a are voluntary.
0079). The comment period for this information collection that has been With respect to the FR 2835, only the
notice expired on April 23, 2018. The extended, revised, or implemented on or narrative information to explain large
Federal Reserve did not receive any after October 1, 1995, unless it displays fluctuations in reported data is
comments. a currently valid OMB control number. considered confidential. With respect to
Board of Governors of the Federal Reserve Final approval under OMB delegated the 2835a, the individual respondent
System, May 9, 2018. authority of the extension for three data is considered confidential. Such
Michele Taylor Fennell, years, without revision, of the following treatment is appropriate because the
Assistant Secretary of the Board. report: data is not publicly available and the
[FR Doc. 2018–10266 Filed 5–14–18; 8:45 am] Report title: Quarterly Report of public release of this data is likely to
BILLING CODE 6210–01–P
Interest Rates on Selected Direct impair the Board’s ability to collect
Consumer Installment Loans and necessary information in the future and
Quarterly Report of Credit Card Plans. cause substantial harm to the
FEDERAL RESERVE SYSTEM Agency form number: FR 2835; FR competitive position of the respondent.
2835a. Thus, this information may be kept
Agency Information Collection OMB control number: 7100–0085. confidential under exemption (b)(4) of
Activities: Announcement of Board Frequency: Quarterly. the Freedom of Information Act, which
Approval Under Delegated Authority Respondents: Commercial banks. exempts from disclosure ‘‘trade secrets
and Submission to OMB Estimated number of respondents: FR and commercial or financial information
2835: 150; FR 2835a: 50. obtained from a person and privileged
AGENCY: Board of Governors of the Estimated average hours per response:
Federal Reserve System. or confidential.’’ (5 U.S.C. 552(b)(4)).
FR 2835: .29 hours; FR 2835a: .50 hours.
SUMMARY: The Board of Governors of the Estimated annual burden hours: FR Current actions: On February 21,
Federal Reserve System (Board) is 2835: 176 hours; FR 2835a: 100 hours. 2018, the Board published a notice in
adopting a proposal to extend for three General description of report: The FR the Federal Register (83 FR 7475)
years, without revision, the Quarterly 2835 collects information from a sample requesting public comment for 60 days
Report of Interest Rates on Selected of commercial banks on interest rates on the extension, without revision, of
Direct Consumer Installment Loans and charged on loans for new vehicles and the Quarterly Report of Interest Rates on
the Quarterly Report of Credit Card loans for other consumer goods and Selected Direct Consumer Installment
Plans (FR 2835; FR 2835a; OMB No. personal expenses. The data are used for Loans and the Quarterly Report of
7100–0085). the analysis of household financial Credit Card Plans. The comment period
FOR FURTHER INFORMATION CONTACT: conditions. The FR 2835a collects for this notice expired on April 23,
Federal Reserve Board Clearance information on two measures of credit 2018. The Board did not receive any
Officer—Nuha Elmaghrabi—Office of card interest rates from a sample of comments. The information collection
the Chief Data Officer, Board of commercial banks with $1 billion or will be extended as proposed.
daltland on DSKBBV9HB2PROD with NOTICES

Governors of the Federal Reserve more in credit card receivables and a Board of Governors of the Federal Reserve
System, Washington, DC 20551, (202) representative group of smaller issuers. System, May 9, 2018.
452–3829. Telecommunications Device The data are used to analyze the credit
Michele Taylor Fennell,
for the Deaf (TDD) users may contact card market and draw implications for
(202) 263–4869, Board of Governors of the household sector. Assistant Secretary of the Board.
the Federal Reserve System, Legal authorization and [FR Doc. 2018–10267 Filed 5–14–18; 8:45 am]
Washington, DC 20551. confidentiality: The Board is authorized BILLING CODE 6210–01–P

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Document Created: 2018-05-15 00:33:20
Document Modified: 2018-05-15 00:33:20

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
Action		On February 22, 2018, the Federal Reserve published a notice in the Federal Register (83 FR 7725) requesting public comment for 60 days on the extension, without revision, of the Quarterly Report of Assets and Liabilities of Large Foreign Offices of U.S. Banks (FR 2502q; OMB No. 7100-0079). The comment period for this notice expired on April 23, 2018. The Federal Reserve did not receive any comments.
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		83 FR 22486