83 FR 36592 - Proposed Agency Information Collection Activities: Submission for OMB Review; Comment Request
FEDERAL RESERVE SYSTEM Federal Register Volume 83, Issue 146 (July 30, 2018)
Federal Register Volume 83, Issue 146 (July 30, 2018)
| Page Range | 36592-36593 | |
| FR Document | 2018-16173 |
[Federal Register Volume 83, Number 146 (Monday, July 30, 2018)] [Notices] [Pages 36592-36593] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-16173] ======================================================================= ----------------------------------------------------------------------- FEDERAL RESERVE SYSTEM Proposed Agency Information Collection Activities: Submission for OMB Review; Comment Request AGENCY: Board of Governors of the Federal Reserve System (Board). ACTION: Notice and request for comment. ----------------------------------------------------------------------- SUMMARY: In accordance with the requirements of the Paperwork Reduction Act of 1995 (PRA), the Board, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) (collectively, the ``agencies'') may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. On April 27, 2018, the Board, under the auspices of the Federal Financial Institutions Examination Council (FFIEC), requested public comment for 60 days on a proposal to extend for three years, without revision, the Country Exposure Report for U.S. Branches and Agencies of Foreign Banks (FFIEC 019), which is currently an approved collection of information. The Board is publishing this proposal on behalf of the agencies. The comment period for this proposal ended on June 26, 2018, and no comments were received. The Board is giving notice that it is sending the collection to OMB for review. DATES: Comments must be submitted on or before August 29, 2018. ADDRESSES: Interested parties are invited to submit written comments to the agency listed below. All comments, which should refer to the OMB control number, will be shared among the agencies. You may submit comments, which should refer to ``FFIEC 019,'' by any of the following methods:Agency Website: http://www.federalreserve.gov. Follow the instructions for submitting comments at: http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm. Email: [email protected]. Include the reporting form 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 www.federalreserve.gov/generalinfo/ [[Page 36593]] foia/ProposedRegs.cfm 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 NW (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 for the agencies by mail to the Office of Information and Regulatory Affairs, U.S. Office of Management and Budget, New Executive Office Building, Room 10235, 725 17th Street NW, Washington, DC 20503; by fax to (202) 395-6974; or by email to [email protected]. FOR FURTHER INFORMATION CONTACT: For further information about the proposed extension without revision of the FFIEC 019 discussed in this notice, please contact the agency staff member whose name appears below. In addition, a copy of the FFIEC 019 form can be obtained at the FFIEC's website (https://www.ffiec.gov/ffiec_report_forms.htm). Nuha Elmaghrabi, Federal Reserve Board Clearance Officer, (202) 452-3884, Office of the Chief Data Officer, Board of Governors of the Federal Reserve System, 20th and C Streets NW, Washington, DC 20551. Telecommunications Device for the Deaf (TDD) users may call (202) 263- 4869. SUPPLEMENTARY INFORMATION: The Board is proposing to extend for three years, without revision, the FFIEC 019. Report Title: Country Exposure Report for U.S. Branches and Agencies of Foreign Banks. Form Number: FFIEC 019. OMB Control Number: 7100-0213. Frequency of Response: Quarterly. Affected Public: Business or other for-profit. Respondents: All branches and agencies of foreign banks domiciled in the United States with total direct claims on foreign residents in excess of $30 million. Estimated Number of Respondents: 156. Estimated Average Burden per Response: 10 hours. Estimated Total Annual Burden: 6,240 hours. Type of Review: Extension of currently approved collection. I. General Description of Report This information collection is required pursuant to sections 7 and 13 of the International Banking Act (12 U.S.C. 3105 and 3108) for the Board, sections 7 and 10 of the Federal Deposit Insurance Act (12 U.S.C. 1817 and 1820) for the FDIC, and the National Bank Act (12 U.S.C. 161) as applied through section 4 of the International Banking Act (12 U.S.C. 3102) for the OCC. The FFIEC 019 is given confidential treatment consistent with 5 U.S.C. 552(b)(4) and (b)(8). Abstract The FFIEC 019 report must be filed by each U.S. branch or agency of a foreign bank that has total direct claims on foreign residents in excess of $30 million. The branch or agency reports its total exposure (1) to residents of its home country, and (2) to the other five foreign nations to which its exposure is largest and is at least $20 million. The home country exposure must be reported regardless of the size of the total claims for that nation. Each respondent must report by country, as appropriate, the information on its direct claims (assets such as deposit balances with banks, loans, or securities), indirect claims (which include guarantees), and total adjusted claims on foreign residents, as well as information on commitments. The respondent also must report information on claims on related non-U.S. offices that are included in total adjusted claims on the home country, as well as a breakdown for the home country and each other reported country of adjusted claims on unrelated foreign residents by the sector of borrower or guarantor, and by maturity (in two categories: One year or less, and over one year). The Federal Reserve System collects and processes this report on behalf of all three agencies. II. Current Actions On April 27, 2018, the Board requested comment for 60 days on a proposal to extend for three years, without revision, the FFIEC 019 report (83 FR 18564). The Board did not receive any comments on the proposal and is now submitting a request to OMB for review and approval to extend for three years, without revision, the FFIEC 019 report. III. Request for Comment The FFIEC 019 has remained substantially the same, including with respect to the reporting scope and thresholds, since its original adoption in May 1997. Although the agencies are not proposing any revisions to the FFIEC 019, they are interested in respondents' views on potential revisions they should consider in future proposals. This includes views on whether and how to adjust the $20 million minimum threshold for reporting a non-home foreign country exposure and whether to change the number of non-home foreign countries over that threshold that are reported. Public comment is requested on all aspects of this notice. Comment is also specifically invited on: a. Whether the information collection is necessary for the proper performance of the agencies' functions, including whether the information has practical utility; b. The accuracy of the agencies' estimate of the burden of the 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 the information collection on respondents, including through the use of automated collection techniques or other forms of information technology; and e. Estimates of capital or start up costs and costs of operation, maintenance, and purchase of services to provide information. Comments submitted to the Board in response to this notice will be shared with the other agencies. All comments will become a matter of public record. Board of Governors of the Federal Reserve System, July 24, 2018. Michele Taylor Fennell, Assistant Secretary of the Board. [FR Doc. 2018-16173 Filed 7-27-18; 8:45 am] BILLING CODE 6210-01-P
![36592 Federal Register / Vol. 83, No. 146 / Monday, July 30, 2018 / Notices
diversity in nominating or soliciting procedures that each Bank and the FEDERAL RESERVE SYSTEM
nominees for positions on boards of Office of Finance is required to
directors and engage in recruiting and implement to promote diversity in all of Proposed Agency Information
outreach directed at encouraging its business and activities ‘‘at all levels’’ Collection Activities: Submission for
individuals who are minorities, women, and, specifically, to encourage diversity OMB Review; Comment Request
and individuals with disabilities to seek in the nomination and solicitation of AGENCY: Board of Governors of the
or apply for employment with the nominees for members of its boards of Federal Reserve System (Board).
regulated entity.’’ 6 directors. FHFA also uses the ACTION: Notice and request for comment.
In conformity with the statutory information to establish a baseline to
requirements, FHFA’s MWI regulations analyze future trends related to the SUMMARY: In accordance with the
require that each Bank and the Office of diversity of the boards of directors of the requirements of the Paperwork
Finance submit to FHFA an annual Banks and the Office of Finance and to Reduction Act of 1995 (PRA), the Board,
report describing, among other things, the Federal Deposit Insurance
assess the effectiveness of the strategies
its efforts to promote diversity at all Corporation (FDIC), and the Office of
developed by the Banks and the Office
levels of management and employment, the Comptroller of the Currency (OCC)
and the results of those efforts.7 In order of Finance for promoting, developing,
and retaining diverse board talent. (collectively, the ‘‘agencies’’) may not
to provide a quantitative basis upon conduct or sponsor, and the respondent
which to assess the results of those B. Burden Estimate is not required to respond to, an
efforts, FHFA’s regulations require that information collection unless it displays
each Bank and the Office of Finance set FHFA estimates the total annual hour a currently valid Office of Management
forth in in their respective annual burden imposed upon respondents by and Budget (OMB) control number. On
reports the demographic data reported this information collection to be 20 April 27, 2018, the Board, under the
on the EEO–1 form, which they are hours. This is based on estimates that auspices of the Federal Financial
required to file annually with the Equal 200 Bank and Office of Finance Institutions Examination Council
Employment Opportunity Commission Directors will respond annually, with (FFIEC), requested public comment for
(EEOC).8 The EEO–1 form requires that each response taking an average of 0.1 60 days on a proposal to extend for
each respondent provide race, ethnicity, hours (6 minutes) (200 respondents × three years, without revision, the
and gender information for its 0.1 hours = 20 hours). Country Exposure Report for U.S.
employees, broken down into various Branches and Agencies of Foreign Banks
job categories. Because the EEO–1 form C. Comments Request (FFIEC 019), which is currently an
does not require that a respondent approved collection of information. The
In accordance with the requirements
provide information on board directors, Board is publishing this proposal on
FHFA cannot use the EEO–1 data to of 5 CFR 1320.8(d), FHFA published an
initial notice and request for public behalf of the agencies. The comment
assess the effectiveness of the Bank period for this proposal ended on June
System’s efforts to ‘‘encourage the comments regarding this information
collection in the Federal Register on 26, 2018, and no comments were
consideration of diversity in nominating received. The Board is giving notice that
or soliciting nominees for positions on May 16, 2018.10 The 60-day comment
it is sending the collection to OMB for
boards of directors.’’ period closed on July 16, 2018. FHFA
review.
Therefore, in order to enable FHFA to received no comments.
DATES: Comments must be submitted on
assess those efforts, the MWI regulations FHFA requests written comments on or before August 29, 2018.
separately require that the annual the following: (1) Whether the collection ADDRESSES: Interested parties are
reports set forth ‘‘[d]ata showing for the of information is necessary for the invited to submit written comments to
reporting year by minority and gender proper performance of FHFA functions, the agency listed below. All comments,
classification, the number of individuals including whether the information has which should refer to the OMB control
on the board of directors of each Bank practical utility; (2) the accuracy of number, will be shared among the
and the Office of Finance,’’ using the FHFA’s estimates of the burdens of the agencies.
same racial and ethnic classifications collection of information; (3) ways to You may submit comments, which
that are used on the EEO–1 form (which enhance the quality, utility, and clarity should refer to ‘‘FFIEC 019,’’ by any of
comply with OMB’s ‘‘Statistical Policy
of the information collected; and (4) the following methods:
Directive No. 15, Race and Ethnic • Agency Website: http://
ways to minimize the burden of the
Standards for Federal Statistics and www.federalreserve.gov. Follow the
Administrative Reporting’’).9 The collection of information on
respondents, including through the use instructions for submitting comments at:
regulation requires that each Bank and http://www.federalreserve.gov/
the Office of Finance collect that data of automated collection techniques or
other forms of information technology. generalinfo/foia/ProposedRegs.cfm.
‘‘through an information collection • Email: regs.comments@
requesting each director’s voluntary Dated: July 24, 2018. federalreserve.gov. Include the reporting
self-identification of his or her minority Kevin Winkler, form number in the subject line of the
and gender classification without Chief Information Officer, Federal Housing message.
personally identifiable information.’’ Finance Agency. • Fax: (202) 452–3819 or (202) 452–
FHFA uses the information collected 3102.
[FR Doc. 2018–16230 Filed 7–27–18; 8:45 am]
under this control number to assess the • Mail: Ann E. Misback, Secretary,
daltland on DSKBBV9HB2PROD with NOTICES
BILLING CODE 8070–01–P
effectiveness of the policies and Board of Governors of the Federal
Reserve System, 20th Street and
6 See 12 CFR 1223.21(b)(7).
7 See
Constitution Avenue NW Washington,
12 CFR 1223.22(a).
8 See 12 CFR 1223.23(b)(1). As required by 29
DC 20551.
CFR 1602.7, each Bank and the Office of Finance All public comments are available
annually files an EEO–1 form with the EEOC. from the Board’s website at
9 See 12 CFR 1223.23(b)(10)(i). 10 See 83 FR 22684 (May 16, 2018). www.federalreserve.gov/generalinfo/
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![Federal Register / Vol. 83, No. 146 / Monday, July 30, 2018 / Notices 36593
foia/ProposedRegs.cfm as submitted, Insurance Act (12 U.S.C. 1817 and 1820) reporting a non-home foreign country
unless modified for technical reasons. for the FDIC, and the National Bank Act exposure and whether to change the
Accordingly, your comments will not be (12 U.S.C. 161) as applied through number of non-home foreign countries
edited to remove any identifying or section 4 of the International Banking over that threshold that are reported.
contact information. Public comments Act (12 U.S.C. 3102) for the OCC. The Public comment is requested on all
may also be viewed electronically or in FFIEC 019 is given confidential aspects of this notice. Comment is also
paper form in Room 3515, 1801 K Street treatment consistent with 5 U.S.C. specifically invited on:
NW (between 18th and 19th Streets 552(b)(4) and (b)(8). a. Whether the information collection
NW), Washington, DC 20006, between is necessary for the proper performance
Abstract
9:00 a.m. and 5:00 p.m. on weekdays. of the agencies’ functions, including
Additionally, commenters may send a The FFIEC 019 report must be filed by whether the information has practical
copy of their comments to the OMB each U.S. branch or agency of a foreign utility;
desk officer for the agencies by mail to bank that has total direct claims on b. The accuracy of the agencies’
the Office of Information and Regulatory foreign residents in excess of $30 estimate of the burden of the
Affairs, U.S. Office of Management and million. The branch or agency reports information collection, including the
Budget, New Executive Office Building, its total exposure (1) to residents of its validity of the methodology and
Room 10235, 725 17th Street NW, home country, and (2) to the other five assumptions used;
Washington, DC 20503; by fax to (202) foreign nations to which its exposure is c. Ways to enhance the quality,
395–6974; or by email to oira_ largest and is at least $20 million. The utility, and clarity of the information to
submission@omb.eop.gov. home country exposure must be be collected;
reported regardless of the size of the d. Ways to minimize the burden of the
FOR FURTHER INFORMATION CONTACT: For
total claims for that nation. information collection on respondents,
further information about the proposed Each respondent must report by
extension without revision of the FFIEC including through the use of automated
country, as appropriate, the information collection techniques or other forms of
019 discussed in this notice, please on its direct claims (assets such as
contact the agency staff member whose information technology; and
deposit balances with banks, loans, or e. Estimates of capital or start up costs
name appears below. In addition, a copy securities), indirect claims (which
of the FFIEC 019 form can be obtained and costs of operation, maintenance,
include guarantees), and total adjusted and purchase of services to provide
at the FFIEC’s website (https:// claims on foreign residents, as well as
www.ffiec.gov/ffiec_report_forms.htm). information.
information on commitments. The Comments submitted to the Board in
Nuha Elmaghrabi, Federal Reserve respondent also must report information
Board Clearance Officer, (202) 452– response to this notice will be shared
on claims on related non-U.S. offices with the other agencies. All comments
3884, Office of the Chief Data Officer, that are included in total adjusted
Board of Governors of the Federal will become a matter of public record.
claims on the home country, as well as
Reserve System, 20th and C Streets NW, a breakdown for the home country and Board of Governors of the Federal Reserve
Washington, DC 20551. System, July 24, 2018.
each other reported country of adjusted
Telecommunications Device for the Deaf claims on unrelated foreign residents by Michele Taylor Fennell,
(TDD) users may call (202) 263–4869. the sector of borrower or guarantor, and Assistant Secretary of the Board.
SUPPLEMENTARY INFORMATION: The Board by maturity (in two categories: One year [FR Doc. 2018–16173 Filed 7–27–18; 8:45 am]
is proposing to extend for three years, or less, and over one year). The Federal BILLING CODE 6210–01–P
without revision, the FFIEC 019. Reserve System collects and processes
Report Title: Country Exposure Report this report on behalf of all three
for U.S. Branches and Agencies of agencies. DEPARTMENT OF HEALTH AND
Foreign Banks. HUMAN SERVICES
Form Number: FFIEC 019. II. Current Actions
OMB Control Number: 7100–0213. On April 27, 2018, the Board Administration for Children and
Frequency of Response: Quarterly. requested comment for 60 days on a Families
Affected Public: Business or other for- proposal to extend for three years, [OMB No.: 0970–0036]
profit. without revision, the FFIEC 019 report
Respondents: All branches and (83 FR 18564). The Board did not Submission for OMB Review;
agencies of foreign banks domiciled in receive any comments on the proposal Comment Request
the United States with total direct and is now submitting a request to OMB
claims on foreign residents in excess of for review and approval to extend for Title: ORR–6, ORR Requirements for
$30 million. three years, without revision, the FFIEC Refugee Cash Assistance; and Refugee
Estimated Number of Respondents: 019 report. Medical Assistance (45 CFR part 400).
156. Description: As required by section
Estimated Average Burden per III. Request for Comment 412(e) of the Immigration and
Response: 10 hours. The FFIEC 019 has remained Nationality Act, the Administration for
Estimated Total Annual Burden: substantially the same, including with Children and Families (ACF), Office of
6,240 hours. respect to the reporting scope and Refugee Resettlement (ORR), is
Type of Review: Extension of thresholds, since its original adoption in requesting the information from Form
currently approved collection. May 1997. Although the agencies are ORR–6 to determine the effectiveness of
daltland on DSKBBV9HB2PROD with NOTICES
not proposing any revisions to the the State cash and medical assistance,
I. General Description of Report FFIEC 019, they are interested in and social services programs. State-by-
This information collection is respondents’ views on potential State Refugee Cash Assistance (RCA)
required pursuant to sections 7 and 13 revisions they should consider in future and Refugee Medical Assistance (RMA)
of the International Banking Act (12 proposals. This includes views on utilization rates derived from Form
U.S.C. 3105 and 3108) for the Board, whether and how to adjust the $20 ORR–6 are calculated for use in
sections 7 and 10 of the Federal Deposit million minimum threshold for formulating program initiatives,
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Document Created: 2018-07-28 01:44:39
Document Modified: 2018-07-28 01:44:39
| 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 and request for comment. | |
| Dates | Comments must be submitted on or before August 29, 2018. | |
| Contact | For further information about the proposed extension without revision of the FFIEC 019 discussed in this notice, please contact the agency staff member whose name appears below. In addition, a copy of the FFIEC 019 form can be obtained at the FFIEC's website (https://www.ffiec.gov/ffiec_report_forms.htm). | |
| FR Citation | 83 FR 36592 |
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