83 FR 39093 - Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB

FEDERAL RESERVE SYSTEM

Federal Register Volume 83, Issue 153 (August 8, 2018)

Page Range		39093-39093
FR Document		2018-16918

The Board of Governors of the Federal Reserve System (Board) is adopting a proposal to extend for three years, without revision, the Senior Financial Officer Survey (FR 2023; OMB No. 7100-0223).

Federal Register, Volume 83 Issue 153 (Wednesday, August 8, 2018)

[Federal Register Volume 83, Number 153 (Wednesday, August 8, 2018)]
[Notices]
[Page 39093]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-16918]


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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 
Senior Financial Officer Survey (FR 2023; OMB No. 7100-0223).

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 Board 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: 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.
    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 of the 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)).
    Current actions: On May 15, 2018, the Board published a notice in 
the Federal Register (83 FR 22488) requesting public comment for 60 
days on the extension, without revision, of the Board's clearance for 
the Senior Financial Officer Survey. The comment period for this notice 
expired on July 16, 2018. The Board did not receive any comments.

    Board of Governors of the Federal Reserve System, August, 2, 
2018.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2018-16918 Filed 8-7-18; 8:45 am]
 BILLING CODE 6210-01-P

Federal Register / Vol. 83, No. 153 / Wednesday, August 8, 2018 / Notices 39093

on the extension, with revision, of these OMB Desk Officer—Shagufta voluntary survey. Section 2A of the
reports. The Board is adopting revisions Ahmed—Office of Information and Federal Reserve Act (FRA) requires that
to the FR Y–11, FR 2314, and FR Y–7N Regulatory Affairs, Office of the Board and the Federal Open Market
report forms and instructions that are Management and Budget, New Committee (FOMC) maintain long-run
consistent with certain recent changes Executive Office Building, Room 10235, growth of the monetary and credit
to the FR Y–9 family of reports (OMB 725 17th Street NW, Washington, DC aggregates commensurate with the
No. 7100–0128)1 and the Federal 20503 or by fax to (202) 395–6974. economy’s long run potential to increase
Financial Institutions Examination SUPPLEMENTARY INFORMATION: On June production, so as to promote effectively
Council (FFIEC) Consolidated Reports of 15, 1984, the Office of Management and the goals of maximum employment,
Condition and Income (Call Reports) Budget (OMB) delegated to the Board stable prices, and moderate long-term
(FFIEC 031, 041, and 051; OMB No. authority under the Paperwork interest rates (12 U.S.C. 225a). In
7100–0036).2 Specifically, the changes Reduction Act (PRA) to approve of and addition, under section 12A of the FRA,
(1) add a new data item to the balance assign OMB control numbers to the FOMC is required to implement
sheet to separate and reclassify equity collection of information requests and regulations relating to the open market
securities with readily determinable fair requirements conducted or sponsored operations conducted by Federal
values not held for trading from the by the Board. Board-approved Reserve Banks. Those transactions must
‘‘available for sale’’ category in collections of information are be governed with a view to
accordance with Financial Accounting incorporated into the official OMB accommodating commerce and business
Standards Board’s (FASB) Accounting inventory of currently approved and with regard to their bearing upon
Standards Update (ASU) No. 2016–01, collections of information. Copies of the the general credit situation of the
‘‘Recognition and Measurement of Paperwork Reduction Act submission, country (12 U.S.C. 263). The Board and
Financial Assets and Financial supporting statements and approved the FOMC use the information obtained
Liabilities;’’ and (2) add new data items collection of information instrument(s) from the FR 2023 to help fulfill these
to the income statement to reflect the are placed into OMB’s public docket obligations.
proper reporting of income associated files. The Board may not conduct or The questions asked on each survey
with these securities. These revisions sponsor, and the respondent is not will vary, so the ability of the Board to
are effective for reports reflecting the required to respond to, an information maintain the confidentiality of
June 30, 2018, report date. The comment collection that has been extended, information collected must be
period for this notice expired on July 2, revised, or implemented on or after determined on a case by case basis. It is
2018, and the Board did not receive any October 1, 1995, unless it displays a likely that much of the information
comments. currently valid OMB control number. collected would constitute confidential
Board of Governors of the Federal Reserve financial information obtained from a
Final Approval Under OMB Delegated
System, August 2, 2018. person and would thus be protected
Authority of the Extension for Three
Michele Taylor Fennell, from disclosure under exemption 4 to
Years, Without Revision, of the
Assistant Secretary of the Board. the Freedom of Information Act (FOIA)
Following Report
[FR Doc. 2018–16916 Filed 8–7–18; 8:45 am]
(5 U.S.C. 552(b)(4)). Exemption 8 of the
Report title: Senior Financial Officer FOIA, which protects information
BILLING CODE 6210–01–P
Survey. related to examination, operating, or
Agency form number: FR 2023. condition reports prepared for the use of
OMB control number: 7100–0223. an agency supervising financial
FEDERAL RESERVE SYSTEM Frequency: Up to four times a year. institutions, may also occasionally
Respondents: Domestically chartered
Agency Information Collection apply (5 U.S.C. 552(b)(8)).
large commercial banks.
Activities: Announcement of Board Estimated number of respondents: 80. Current actions: On May 15, 2018, the
Approval Under Delegated Authority Estimated average hours per response: Board published a notice in the Federal
and Submission to OMB 3 hours. Register (83 FR 22488) requesting
Estimated annual burden hours: 960 public comment for 60 days on the
AGENCY: Board of Governors of the extension, without revision, of the
hours.
Federal Reserve System. General description of report: The Board’s clearance for the Senior
SUMMARY: The Board of Governors of the Board uses the surveys in this collection Financial Officer Survey. The comment
Federal Reserve System (Board) is to gather qualitative and limited period for this notice expired on July 16,
adopting a proposal to extend for three quantitative information about liability 2018. The Board did not receive any
years, without revision, the Senior management, the provision of financial comments.
Financial Officer Survey (FR 2023; OMB services, and the functioning of key
No. 7100–0223). Board of Governors of the Federal Reserve
financial markets. Responses are System, August, 2, 2018.
FOR FURTHER INFORMATION CONTACT: obtained from a senior officer at each Michele Taylor Fennell,
Federal Reserve Board Clearance participating institution usually through Assistant Secretary of the Board.
Officer—Nuha Elmaghrabi—Office of an electronic submission. Although a
[FR Doc. 2018–16918 Filed 8–7–18; 8:45 am]
the Chief Data Officer, Board of survey may not be collected in a given
BILLING CODE 6210–01–P
Governors of the Federal Reserve year, the Board may conduct up to four
System, Washington, DC 20551 (202) surveys per year when informational
452–3829. Telecommunications Device
sradovich on DSK3GMQ082PROD with NOTICES

needs arise and cannot be met from FEDERAL RESERVE SYSTEM
for the Deaf (TDD) users may contact existing data sources. The survey does
(202) 263–4869, Board of Governors of not have a fixed set of questions; each Proposed Agency Information
the Federal Reserve System, survey consists of a limited number of Collection Activities; Comment
Washington, DC 20551. questions directed at topics of timely Request
interest.
1 See 83 FR 12395 (March 21, 2018). Legal authorization and AGENCY: Board of Governors of the
2 See 83 FR 939 (January 08, 2018). confidentiality: The FR 2023 is a Federal Reserve System.

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Document Created: 2018-08-08 02:04:48
Document Modified: 2018-08-08 02:04:48

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 May 15, 2018, the Board published a notice in the Federal Register (83 FR 22488) requesting public comment for 60 days on the extension, without revision, of the Board's clearance for the Senior Financial Officer Survey. The comment period for this notice expired on July 16, 2018. The Board 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 39093