83 FR 44406 - Agency Information Collection Activities; Proposed Collection; Comment Request; Determinations Regarding Certain Nonbank Financial Companies

DEPARTMENT OF THE TREASURY

Federal Register Volume 83, Issue 169 (August 30, 2018)

The U.S. Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other federal agencies to take this opportunity to comment on this continuing information collection, as required by the Paperwork Reduction Act of 1995. The public is invited to submit comments on the collection(s) listed below.

[Federal Register Volume 83, Number 169 (Thursday, August 30, 2018)]
[Notices]
[Pages 44406-44407]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-18862]


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DEPARTMENT OF THE TREASURY


Agency Information Collection Activities; Proposed Collection; 
Comment Request; Determinations Regarding Certain Nonbank Financial 
Companies

AGENCY: Departmental Offices, U.S. Department of the Treasury.

ACTION: Notice.

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SUMMARY: The U.S. Department of the Treasury, as part of its continuing 
effort to reduce paperwork and respondent burden, invites the general 
public and other federal agencies to take this opportunity to comment 
on this continuing information collection, as required by the Paperwork 
Reduction Act of 1995. The public is invited to submit comments on the 
collection(s) listed below.

DATES: Written comments must be received on or before October 29, 2018.

ADDRESSES: Send comments regarding the burden estimate, or any other 
aspect of the information collection, including suggestions for 
reducing the burden, to Treasury PRA Clearance Officer, 1750 
Pennsylvania Ave. NW, Suite 8142, Washington, DC 20220, or email at 
[email protected].

FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be 
obtained from Randall Fasnacht by emailing 
[email protected], calling (202) 622-2763, or viewing the 
entire information collection request at www.reginfo.gov.

SUPPLEMENTARY INFORMATION: 
    Title: Determinations Regarding Certain Nonbank Financial 
Companies.
    OMB Control Number: 1505-0244.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: Section 113 of the Dodd-Frank Wall Street Reform and 
Consumer Protection Act (the ``DFA'') (Pub. L. 111-203) provides the 
Financial Stability Oversight Council (the ``Council'') the authority 
to require that a nonbank financial company be supervised by the Board 
of Governors of the Federal Reserve System and be subject to prudential 
standards in accordance with Title I of the DFA if the Council 
determines that material financial distress at the firm, or the nature, 
scope, size, scale, concentration, interconnectedness, or mix of the 
activities of the firm, could pose a threat to the financial stability 
of the United States. The information collected in Sec.  1310.20 from 
state regulatory agencies will be used generally by FSOC to carry out 
its duties under Title I of the Dodd-Frank Act. The collections of 
information in Sec. Sec.  1310.21 and 1310.22 provide an opportunity to 
request a hearing or submit written materials to the Council concerning 
whether, in the company's view, material financial distress at the 
company, or the nature, scope, size, scale, concentration, 
interconnectedness, or mix of the activities of the company, could pose 
a threat to the financial stability of the United States.
    Form: None.
    Affected Public: Businesses or other for-profits.
    Estimated Number of Respondents: 50.
    Estimated Number of Responses per Respondent: 1.
    Estimated Hours per Response: 20.
    Estimated Total Annual Burden Hours: 1,000.
    Request for Comments: Comments submitted in response to this notice 
will be summarized and included in the request for Office of Management 
and Budget approval. All comments will become a matter of public 
record. Comments are invited on: (a) Whether the collection of 
information is necessary for the proper performance of the functions of 
the agency, including whether the information shall have practical 
utility; (b) the accuracy of the agency's estimate of the burden of the

[[Page 44407]]

collection of information; (c) ways to enhance the quality, utility, 
and clarity of the information to be collected; (d) ways to minimize 
the burden of the collection of information on respondents, including 
through the use of technology; and (e) estimates of capital or start-up 
costs and costs of operation, maintenance, and purchase of services 
required to provide information.

    Authority:  44 U.S.C. 3501 et seq.

    Dated: August 27, 2018.
Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2018-18862 Filed 8-29-18; 8:45 am]
 BILLING CODE 4810-25-P