83 FR 22488 - Proposed Agency Information Collection Activities; Comment Request
FEDERAL RESERVE SYSTEM Federal Register Volume 83, Issue 94 (May 15, 2018)
Federal Register Volume 83, Issue 94 (May 15, 2018)
| Page Range | 22488-22489 | |
| FR Document | 2018-10268 |
[Federal Register Volume 83, Number 94 (Tuesday, May 15, 2018)] [Notices] [Pages 22488-22489] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-10268] [[Page 22488]] ----------------------------------------------------------------------- FEDERAL RESERVE SYSTEM Proposed Agency Information Collection Activities; Comment Request 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 Senior Financial Officer Survey (FR 2023; OMB No. 7100- 0223). DATES: Comments must be submitted on or before July 16, 2018. ADDRESSES: You may submit comments, identified by FR 2023, by any of the following methods:Agency website: http://www.federalreserve.gov. Follow the instructions for submitting comments at http://www.federalreserve.gov/apps/foia/proposedregs.aspx. 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 website at http://www.federalreserve.gov/apps/foia/proposedregs.aspx as submitted, unless modified for technical reasons or to remove sensitive PII (personally identifiable information) at the commenter's request. Public comments may also be viewed electronically or in paper form in Room 3515, 1801 K Street NW, (between 18th and 19th Streets NW), Washington, DC 20006 between 9:00 a.m. and 5:00 p.m. on weekdays. For security reasons, the Board requires that visitors make an appointment to inspect comments. You may do so by calling (202) 452-3684. Upon arrival, visitors will be required to present valid government-issued photo identification and to submit to security screening in order to inspect and photocopy comments. 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 website 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: 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. 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 proposal 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: Senior Financial Officer Survey. Agency form number: FR 2023. OMB control number: 7100-0223. Frequency: Up to four times a year. Respondents: Domestically chartered large commercial banks. Estimated number of respondents: 80. Estimated average hours per response: 3 hours. Estimated annual burden hours: 960 hours. General description of report: The Board uses the surveys in this collection to gather qualitative and limited quantitative information about liability management, the provision of financial services, and the functioning of key financial markets. Responses are obtained from a senior officer at each participating institution usually through an electronic submission. Although a survey may not be collected in a given year, the Board may conduct up to four surveys per year when informational needs arise and cannot be met from existing data sources. The survey does not have a fixed set of questions; each survey consists of a limited number of questions directed at topics of timely interest. Legal authorization and confidentiality: The FR 2023 is a voluntary survey. Section 2A of the Federal Reserve Act (FRA) requires that the Board and the Federal Open Market Committee (FOMC) maintain long-run growth of the monetary and credit aggregates commensurate with the economy's long run potential to increase production, so as to promote effectively the goals of maximum employment, stable prices, and moderate long-term interest rates (12 U.S.C. 225a). In addition, under section 12A of the FRA, the FOMC is required to implement regulations relating to the open market operations conducted by Federal Reserve Banks. Those transactions must be governed with a view to accommodating commerce and business and with regard to their bearing upon the general credit situation of the country (12 U.S.C. 263). The Board and the FOMC use the information obtained from the FR 2023 to help fulfill these obligations. [[Page 22489]] The questions asked on each survey will vary, so the ability of the Board to maintain the confidentiality of information collected must be determined on a case by case basis. It is likely that much of the information collected would constitute confidential financial information obtained from a person and would thus be protected from disclosure under exemption 4 to the Freedom of Information Act (FOIA) (5 U.S.C. 552(b)(4)). Exemption 8 to FOIA, which protects information related to examination, operating, or condition reports prepared for the use of an agency supervising financial institutions, may also occasionally apply (5 U.S.C. 552(b)(8)). Board of Governors of the Federal Reserve System, May 9, 2018. Michele Taylor Fennell, Assistant Secretary of the Board. [FR Doc. 2018-10268 Filed 5-14-18; 8:45 am] BILLING CODE 6210-01-P
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The questions asked on each survey by the Board. Board-approved depository institutions file the FR 2900
will vary, so the ability of the Board to collections of information are either weekly or quarterly. The FR
maintain the confidentiality of incorporated into the official OMB 2910a is generally submitted by exempt
information collected must be inventory of currently approved institutions whose total deposits (as
determined on a case by case basis. It is collections of information. Copies of the shown on their December Call Report) 1
likely that much of the information Paperwork Reduction Act Submission, are greater than the exemption amount.
collected would constitute confidential supporting statements and approved All FR 2900 respondents, both weekly
financial information obtained from a collection of information instrument(s) and quarterly, that offer deposits
person and would thus be protected are placed into OMB’s public docket denominated in foreign currencies at
from disclosure under exemption 4 to files. The Federal Reserve may not their U.S. offices file the FR 2915
the Freedom of Information Act (FOIA) conduct or sponsor, and the respondent quarterly on the same reporting
(5 U.S.C. 552(b)(4)). Exemption 8 to is not required to respond to, an schedule as quarterly FR 2900
FOIA, which protects information information collection that has been respondents. Foreign currency deposits
related to examination, operating, or extended, revised, or implemented on or are subject to reserve requirements and,
condition reports prepared for the use of after October 1, 1995, unless it displays therefore, are included in the FR 2900
an agency supervising financial a currently valid OMB control number. data. However, because foreign currency
institutions, may also occasionally deposits are not included in the
Final Approval Under OMB Delegated monetary aggregates, the FR 2915 data
apply (5 U.S.C. 552(b)(8)).
Authority of the Extension for Three are used to net foreign currency-
Board of Governors of the Federal Reserve Years With Revision, of the Following
System, May 9, 2018. denominated deposits from the FR 2900
Reports data to exclude them from measures of
Michele Taylor Fennell,
Report title: Report of Transaction the monetary aggregates. The FR 2930
Assistant Secretary of the Board. data are collected when the low reserve
Accounts, Other Deposits, and Vault
[FR Doc. 2018–10268 Filed 5–14–18; 8:45 am] Cash (FR 2900); Annual Report of tranche and reservable liabilities
BILLING CODE 6210–01–P Deposits and Reservable Liabilities (FR exemption thresholds are adjusted
2910a); Report of Foreign (Non-U.S.) toward the end of each calendar year or
Currency Deposits (FR 2915); and upon the establishment of an office
FEDERAL RESERVE SYSTEM Allocation of Low Reserve Tranche and outside the home state or Federal
Reservable Liabilities Exemption (FR Reserve District.
Agency Information Collection Legal authorization and
Activities: Announcement of Board 2930).
Agency form number: FR 2900; FR confidentiality: The information
Approval Under Delegated Authority collected on these reports is authorized
2910a; FR 2915; and FR 2930.
and Submission to OMB under sections 11, 25(7), and 25A(17) of
OMB control number: 7100–0087.
AGENCY: Board of Governors of the Effective Date: June 14, 2018. the Federal Reserve Act (FRA), and
Federal Reserve System. Frequency: Weekly, quarterly, section 7 of the International Banking
SUMMARY: The Board of Governors of the
annually, and on occasion. Act (IBA). Section 11 of the FRA (12
Respondents: Depository institutions. U.S.C. 248(a)) authorizes the Board to
Federal Reserve System (Board) is
Estimated number of respondents: FR require reports from each member bank
adopting a proposal to extend for three
2900 (Weekly), 2,007; FR 2900 as it may deem necessary and authorizes
years, with revision, the Reports of
(Quarterly), 4,395; FR 2910a, 2,941; FR the Board to prescribe reports of
Deposits (FR 2900; OMB No. 7100–
2915, 122; and FR 2930, 93. liabilities and assets from insured
0087). The revisions are applicable as of Estimated average hours per response:
September 2018. depository institutions to enable the
FR 2900 (Weekly), 1.25; FR 2900 Board to discharge its responsibility to
FOR FURTHER INFORMATION CONTACT: (Quarterly), 3; FR 2910a, 0.75; FR 2915, monitor and control monetary and
Federal Reserve Board Clearance 0.5; and FR 2930, 0.25. credit aggregates. Sections 25(7) and
Officer—Nuha Elmaghrabi—Office of Estimated annual burden hours: FR 25A(17) of the FRA (12 U.S.C. 604a and
the Chief Data Officer, Board of 2900 (Weekly), 130,455; FR 2900 625) authorize the Board to require Edge
Governors of the Federal Reserve (Quarterly), 52,740; FR 2910a, 2,206; FR and agreement corporations to make
System, Washington, DC 20551 (202) 2915, 244; FR 2930, 23. reports to the Board. Section 7 of the
452–3829. Telecommunications Device General description of reports: Data IBA (12 U.S.C. 3105(c)(2)) authorizes the
for the Deaf (TDD) users may contact from these mandatory reports are used Board to require reports from U.S.
(202) 263–4869, Board of Governors of by the Board for administering branches and agencies of foreign banks.
the Federal Reserve System, Regulation D (Reserve Requirements of The FR 2900, FR 2910a, FR 2915, and
Washington, DC 20551. Depository Institutions) and for FR 2930 are all mandatory. The release
OMB Desk Officer—Shagufta constructing, analyzing, and monitoring of data collected on these forms would
Ahmed—Office of Information and the monetary and reserve aggregates. likely cause substantial harm to the
Regulatory Affairs, Office of The FR 2900 is the primary source of competitive position of the respondent
Management and Budget, New data used for the calculation of required if made publicly available. The data
Executive Office Building, Room 10235, reserves and applied vault cash, and for collected on these forms, therefore, may
725 17th Street NW, Washington, DC the construction and analysis of the
20503 or by fax to (202) 395–6974. monetary aggregates. Data are also used 1 In this document, the term Call Report refers to
SUPPLEMENTARY INFORMATION: On June for (1) indexing the exemption amount the Consolidated Reports of Condition and Income
daltland on DSKBBV9HB2PROD with NOTICES
15, 1984, the Office of Management and and low reserve tranche amount each (FFIEC 031, FFIEC 041, and FFIEC 051; OMB No.
7100–0036) filed by commercial banks, Report of
Budget (OMB) delegated to the Board year, as required by statute, and (2) Assets and Liabilities of U.S. Branches and
authority under the Paperwork indexing the nonexempt deposit cutoff Agencies of Foreign Banks (FFIEC 002; OMB No.
Reduction Act (PRA) to approve of and and reduced reporting limit each year, 7100–0032), Statement of Financial Condition
(NCUA 5300; OMB No. 3133–0004) filed by credit
assign OMB control numbers to as determined by the Board. The unions, and Consolidated Report of Condition and
collection of information requests and amounts of the deposit cutoff and Income for Edge and Agreement Corporations (FR
requirements conducted or sponsored reporting limit determine whether 2886b; OMB No. 7100–0086).
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Document Created: 2018-05-15 00:33:14
Document Modified: 2018-05-15 00:33:14
| 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 16, 2018. | |
| 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 website at: http:// www.federalreserve.gov/apps/reportforms/review.aspx or may be requested from the agency clearance officer, whose name appears below. | |
| FR Citation | 83 FR 22488 |
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