83 FR 43870 - Proposed Agency Information Collection Activities; Comment Request

FEDERAL RESERVE SYSTEM

Federal Register Volume 83, Issue 167 (August 28, 2018)

The Board of Governors of the Federal Reserve System (Board) invites comment on a proposal to extend for three years, without revision, the Supervisory and Regulatory Survey (FR 3052; OMB No. 7100- 0322).

[Federal Register Volume 83, Number 167 (Tuesday, August 28, 2018)]
[Notices]
[Pages 43870-43872]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-18550]


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FEDERAL RESERVE SYSTEM


Proposed Agency Information Collection Activities; Comment 
Request

AGENCY: Board of Governors of the Federal Reserve System.

ACTION: Notice, request for comment.

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SUMMARY: The Board of Governors of the Federal Reserve System (Board) 
invites comment on a proposal to extend for three years, without 
revision, the Supervisory and Regulatory Survey (FR 3052; OMB No. 7100-
0322).

DATES: Comments must be submitted on or before October 29, 2018.

ADDRESSES: You may submit comments, identified by FR 3052, 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. 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, Washington, DC 20006, between

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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, if 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 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 Board's functions; including whether the 
information has practical utility;
    b. The accuracy of the Board'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 Board 
should modify the proposal prior to giving final approval.

Proposal to Under OMB Delegated Authority To Extend for Three Years, 
Without Revision, the Following Information Collection

    Report title: Supervisory and Regulatory Survey.
    Agency form number: FR 3052.
    OMB control number: 7100-0322.
    Frequency: On occasion.
    Respondents: Bank holding companies (BHCs), state member banks 
(SMBs), savings and loan holding companies (SLHCs), intermediate 
holding companies (IHCs), U.S branches and agencies of foreign banking 
organizations (FBOs), Edge and agreement corporations, nonbank 
financial companies that the Financial Stability Oversight Council 
(FSOC) has determined should be supervised by the Board, or the 
combined domestic operations of FBOs.
    Estimated number of respondents: 5,000.
    Estimated average hours per response: 0.5 hours.
    Estimated annual burden hours: 60,000 hours.
    General description of report: The FR 3052 collects information 
from financial institutions specifically tailored to the Federal 
Reserve's supervisory, regulatory, and operational responsibilities. 
Examples of past surveys include collected information related to 
regulatory capital, operational risk loss event history, and 
transactions by securities dealers. The frequency and content of the 
questions depend on changing economic, regulatory, supervisory, or 
legislative developments.
    The Board utilizes the survey process, as needed, to collect 
information on specific issues that affect its decision-making. The 
principal value of the FR 3052 is the flexibility it provides the 
Federal Reserve to respond quickly to the need for data due to 
unanticipated economic, financial, supervisory, or regulatory 
developments. The Board cannot predict what specific information will 
be needed, but such needs are generally very time sensitive. Because 
the relevant questions may change with each survey, there is no fixed 
reporting form.
    Written qualitative questions or questionnaires may include 
categorical questions, yes-no questions, ordinal questions, and open-
ended questions. Written quantitative surveys may include dollar 
amounts, percentages, numbers of items, interest rates, and other such 
information. Institutions may also be required to provide copies of 
existing documents (for example, pertaining to practices and 
performances for a particular business activity). Before conducting a 
survey, the Board reviews any information to be collected to determine 
if the information is available by other means.
    Legal authorization and confidentiality: The FR 3052 is authorized 
pursuant to section 9 of the Federal Reserve Act (FRA) (12 U.S.C. 324) 
for SMBs; section 5 of the Bank Holding Company Act (12 U.S.C. 
1844(c)(1)(A)) for BHCs and their subsidiaries; section 10 of the Home 
Owners' Loan Act (12 U.S.C. 1467a(b)(1)) for SLHCs and their 
subsidiaries; section 7(c)(2) of International Banking Act (IBA) (12 
U.S.C. 3105(c)(2)) for the U.S. branches and agencies of foreign banks; 
section 8 of the IBA (12 U.S.C. 3106) for foreign banking 
organizations; sections 25 and 25A of the FRA (12 U.S.C. 602 and 625) 
for Edge and agreement corporations; and section 161 of the Dodd-Frank 
Wall Street Reform and Consumer Protection Act (12 U.S.C. 5361) for 
nonbank financial companies designated by FSOC for supervision by the 
Board.
    The surveys would be conducted on a voluntary basis. The questions 
asked on each survey would vary, so the ability of the Board to 
maintain the confidentiality of information collected would be 
determined on a case by case basis. It is possible that the information 
collected would constitute confidential commercial or financial 
information, which may be kept confidential under exemption 4 to the 
Freedom of Information Act (FOIA) (5 U.S.C. 552(b)(4)). In 
circumstances where the Board collects information related to 
individuals, exemption 6 to FOIA

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would protect information ``the disclosure of which would constitute a 
clearly unwarranted invasion of personal privacy'' (5 U.S.C. 
552(b)(6)). To the extent the information collected relates to 
examination, operating, or condition reports prepared for the use of an 
agency supervising financial institutions, such information may be kept 
confidential under exemption 8 to FOIA (5 U.S.C. 552(b)(8)).

    Board of Governors of the Federal Reserve System, August 23, 
2018.
Ann Misback,
Secretary of the Board.
[FR Doc. 2018-18550 Filed 8-27-18; 8:45 am]
 BILLING CODE 6210-01-P