83 FR 7038 - Proposed Agency Information Collection Activities; Comment Request

FEDERAL RESERVE SYSTEM

Federal Register Volume 83, Issue 33 (February 16, 2018)

Page Range		7038-7039
FR Document		2018-03209

The Board of Governors of the Federal Reserve System (Board) invites comment on a proposal to extend for three years, without revision, the voluntary Policy Impact Survey (FR 3075 OMB No. 7100- 00362).

Federal Register, Volume 83 Issue 33 (Friday, February 16, 2018)

[Federal Register Volume 83, Number 33 (Friday, February 16, 2018)]
[Notices]
[Pages 7038-7039]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-03209]


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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 voluntary Policy Impact Survey (FR 3075 OMB No. 7100-
00362).

DATES: Comments must be submitted on or before April 17, 2018.

ADDRESSES: You may submit comments, identified by FR 3075 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.
     Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments.
     Email: regs.comments@federalreserve.gov. 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 (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--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 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.
    Proposal to approve under OMB delegated authority the extension for 
three years, without revision, of the following report:
    Report title: Policy Impact Survey.
    Agency form number: FR 3075.
    OMB control number: 7100-0362.
    Frequency: On occasion, up to five times a year.
    Respondents: Bank holding companies (BHCs), savings and loan 
holding companies (SLHCs), nonbank financial companies that the 
Financial Stability Oversight Council has determined should be 
supervised by the Board, and the combined domestic operations of 
foreign banking organizations.
    Estimated number of respondents: 14.
    Estimated average hours per response: 850.
    Estimated annual burden hours: 59,500.
    General description of report: This survey collects information 
from select institutions regulated by the Board in order to assess the 
effects of proposed, pending, or recently-adopted policy changes at the 
domestic and international levels. For example, the survey has been 
used to collect information used for certain quantitative impact 
studies (QISs) sponsored by bodies that the Board is a member of, such 
as the Basel Committee on Banking Supervision (BCBS) and the Financial 
Stability Board (FSB). Recent collections have included the Basel III 
monitoring exercise, which monitors the global impact of the Basel III 
framework,\1\ the global systemically important bank (G-SIB) exercise, 
which assesses firms' systemic risk profiles,\2\ and a survey of the 
domestic systemic risk footprint of large foreign banking 
organizations. The surveys have helped the Board assess changes in 
regulation related to systemic footprint, insurance underwriting, 
trading book securitization, among other areas. Since the collected 
data may change from survey to survey, there is no fixed reporting 
form.
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    \1\ For more information on the Basel III monitoring exercise, 
including recent examples of QIS surveys sponsored by the BCBS and 
conducted by the Board, see www.bis.org/bcbs/qis/.
    \2\ For more information on the G-SIB exercise, see www.bis.org/bcbs/gsib/.

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[[Page 7039]]

    Legal authorization and confidentiality: The Board is authorized to 
collect the information in the FR 3075 from bank holding companies (and 
their subsidiaries) under section 5(c) of the Bank Holding Company Act 
(12 U.S.C. 1844(c)); from savings and loan holding companies under 
section 10(b)(2) of the Home Owners Loan Act (12 U.S.C. 1467a(b)(2)); 
from non-BHC/SLHC systemically important financial institutions under 
section 161(a) of the Dodd-Frank Act (12 U.S.C. 5361(a)); from the 
combined domestic operations of certain foreign banking organizations 
under section 8(a) of the International Banking Act of 1978 (12 U.S.C. 
3106(a)) and section 5(c) of the Bank Holding Company Act (12 U.S.C. 
1844(c)); from state member banks under section 9 of the Federal 
Reserve Act (12 U.S.C. 324); from Edge and agreement corporations under 
sections 25 and 25A of the Federal Reserve Act (12 U.S.C. 602 and 625) 
and from U.S. branches and agencies of foreign banks under section 
7(c)(2) of the International Banking Act of 1978 (12 U.S.C. 3105(c)(2)) 
and under section 7(a) of the Federal Deposit Insurance Act (12 U.S.C. 
1817(a)).
    These surveys would be conducted on a voluntary basis. The 
confidentiality of information provided by respondents to the FR 3075 
surveys will be determined on a case-by-case basis depending on the 
type of information provided for a particular survey. Depending upon 
the survey questions, confidential treatment may be warranted under 
exemptions 4, 6, and 8 of the Freedom of Information Act (5 U.S.C. 
552(b)(4), (6), and (8)).
    Consultation outside the agency: Surveys conducted under the FR 
3075 may include data collections sponsored by bodies such as the BCBS 
and the FSB.

    Board of Governors of the Federal Reserve System, February 12, 
2018.
Ann E. Misback,
Secretary of the Board.
[FR Doc. 2018-03209 Filed 2-15-18; 8:45 am]
BILLING CODE 6210-01-P

7038 Federal Register / Vol. 83, No. 33 / Friday, February 16, 2018 / Notices

Dated at Washington, DC, this 12th day of 725 17th Street NW, Washington, DC e. Estimates of capital or startup costs
February 2018. 20503 or by fax to (202) 395–6974. and costs of operation, maintenance,
Federal Deposit Insurance Corporation. FOR FURTHER INFORMATION CONTACT: A and purchase of services to provide
Robert E. Feldman, copy of the PRA OMB submission, information.
Executive Secretary. including the proposed reporting form At the end of the comment period, the
[FR Doc. 2018–03198 Filed 2–15–18; 8:45 am] and instructions, supporting statement, comments and recommendations
BILLING CODE 6714–01–P and other documentation will be placed received will be analyzed to determine
into OMB’s public docket files, if the extent to which the Federal Reserve
approved. These documents will also be should modify the proposal.
made available on the Federal Reserve Proposal to approve under OMB
FEDERAL RESERVE SYSTEM
Board’s public website at: http:// delegated authority the extension for
Proposed Agency Information www.federalreserve.gov/apps/ three years, without revision, of the
Collection Activities; Comment reportforms/review.aspx or may be following report:
Request requested from the agency clearance Report title: Policy Impact Survey.
officer, whose name appears below. Agency form number: FR 3075.
AGENCY: Board of Governors of the Federal Reserve Board Clearance OMB control number: 7100–0362.
Federal Reserve System. Officer—Nuha Elmaghrabi—Office of Frequency: On occasion, up to five
ACTION: Notice, request for comment. the Chief Data Officer, Board of times a year.
Governors of the Federal Reserve Respondents: Bank holding
SUMMARY: The Board of Governors of the System, Washington, DC 20551, (202) companies (BHCs), savings and loan
Federal Reserve System (Board) invites 452–3829. Telecommunications Device holding companies (SLHCs), nonbank
comment on a proposal to extend for for the Deaf (TDD) users may contact financial companies that the Financial
three years, without revision, the (202) 263–4869, Board of Governors of Stability Oversight Council has
voluntary Policy Impact Survey (FR the Federal Reserve System, determined should be supervised by the
3075 OMB No. 7100–00362). Washington, DC 20551. Board, and the combined domestic
DATES: Comments must be submitted on SUPPLEMENTARY INFORMATION: On June operations of foreign banking
or before April 17, 2018. 15, 1984, the Office of Management and organizations.
ADDRESSES: You may submit comments, Budget (OMB) delegated to the Board Estimated number of respondents: 14.
identified by FR 3075 by any of the authority under the Paperwork Estimated average hours per response:
following methods: Reduction Act (PRA) to approve and 850.
• Agency website: http:// assign OMB control numbers to Estimated annual burden hours:
www.federalreserve.gov. Follow the collection of information requests and 59,500.
instructions for submitting comments at requirements conducted or sponsored General description of report: This
http://www.federalreserve.gov/apps/ by the Board. In exercising this survey collects information from select
foia/proposedregs.aspx. delegated authority, the Board is institutions regulated by the Board in
• Federal eRulemaking Portal: http:// directed to take every reasonable step to order to assess the effects of proposed,
www.regulations.gov. Follow the solicit comment. In determining pending, or recently-adopted policy
instructions for submitting comments. whether to approve a collection of changes at the domestic and
• Email: regs.comments@ information, the Board will consider all international levels. For example, the
federalreserve.gov. Include OMB comments received from the public and survey has been used to collect
number in the subject line of the other agencies. information used for certain quantitative
message. impact studies (QISs) sponsored by
• Fax: (202) 452–3819 or (202) 452– Request for Comment on Information bodies that the Board is a member of,
3102. Collection Proposal such as the Basel Committee on Banking
• Mail: Ann E. Misback, Secretary, The Board invites public comment on Supervision (BCBS) and the Financial
Board of Governors of the Federal the following information collection, Stability Board (FSB). Recent collections
Reserve System, 20th Street and which is being reviewed under have included the Basel III monitoring
Constitution Avenue NW, Washington, authority delegated by the OMB under exercise, which monitors the global
DC 20551. the PRA. Comments are invited on the impact of the Basel III framework,1 the
All public comments are available following: global systemically important bank (G–
from the Board’s website at http:// a. Whether the proposed collection of SIB) exercise, which assesses firms’
www.federalreserve.gov/apps/foia/ information is necessary for the proper systemic risk profiles,2 and a survey of
proposedregs.aspx as submitted, unless performance of the Federal Reserve’s the domestic systemic risk footprint of
modified for technical reasons. functions; including whether the large foreign banking organizations. The
Accordingly, your comments will not be information has practical utility; surveys have helped the Board assess
edited to remove any identifying or b. The accuracy of the Federal changes in regulation related to
contact information. Public comments Reserve’s estimate of the burden of the systemic footprint, insurance
may also be viewed electronically or in proposed information collection, underwriting, trading book
paper form in Room 3515, 1801 K Street including the validity of the securitization, among other areas. Since
(between 18th and 19th Streets NW) methodology and assumptions used; the collected data may change from
Washington, DC 20006 between 9:00 c. Ways to enhance the quality, survey to survey, there is no fixed
daltland on DSKBBV9HB2PROD with NOTICES

a.m. and 5:00 p.m. on weekdays. utility, and clarity of the information to reporting form.
Additionally, commenters may send a be collected;
copy of their comments to the OMB d. Ways to minimize the burden of 1 For more information on the Basel III

Desk Officer—Shagufta Ahmed—Office information collection on respondents, monitoring exercise, including recent examples of
QIS surveys sponsored by the BCBS and conducted
of Information and Regulatory Affairs, including through the use of automated by the Board, see www.bis.org/bcbs/qis/.
Office of Management and Budget, New collection techniques or other forms of 2 For more information on the G–SIB exercise, see

Executive Office Building, Room 10235, information technology; and www.bis.org/bcbs/gsib/.

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Federal Register / Vol. 83, No. 33 / Friday, February 16, 2018 / Notices 7039

Legal authorization and The notices are available for following the instructions in the
confidentiality: The Board is authorized immediate inspection at the Federal Request for Comment part of the
to collect the information in the FR 3075 Reserve Bank indicated. The notices SUPPLEMENTARY INFORMATION section
from bank holding companies (and their also will be available for inspection at below. Write ‘‘FPLA Rules, PRA
subsidiaries) under section 5(c) of the the offices of the Board of Governors. Comment, P074200’’ on your comment
Bank Holding Company Act (12 U.S.C. Interested persons may express their and file your comment online at https://
1844(c)); from savings and loan holding views in writing to the Reserve Bank ftcpublic.commentworks.com/ftc/
companies under section 10(b)(2) of the indicated for that notice or to the offices fplaregspra2 by following the
Home Owners Loan Act (12 U.S.C. of the Board of Governors. Comments instructions on the web-based form. If
1467a(b)(2)); from non-BHC/SLHC must be received not later than March you prefer to file your comment on
systemically important financial 7, 2018. paper, mail your comment to the
institutions under section 161(a) of the A. Federal Reserve Bank of Kansas
following address: Federal Trade
Dodd-Frank Act (12 U.S.C. 5361(a)); City (Dennis Denney, Assistant Vice
President) 1 Memorial Drive, Kansas Commission, Office of the Secretary,
from the combined domestic operations
City, Missouri 64198–0001: 600 Pennsylvania Avenue NW, Suite
of certain foreign banking organizations
under section 8(a) of the International 1. Robert McMahan, John McMahan, CC–5610 (Annex J), Washington, DC
Banking Act of 1978 (12 U.S.C. 3106(a)) and the McMahan Family Trust, Edythe 20580, or deliver your comment to the
and section 5(c) of the Bank Holding McMahan, trustee, all of Altus, following address: Federal Trade
Company Act (12 U.S.C. 1844(c)); from Oklahoma; to retain voting shares of Commission, Office of the Secretary,
state member banks under section 9 of First Altus Bancorp, Inc., Altus, Constitution Center, 400 7th Street SW,
the Federal Reserve Act (12 U.S.C. 324); Oklahoma, and for approval to join 5th Floor, Suite 5610 (Annex J),
from Edge and agreement corporations members of the McMahan family group, Washington, DC 20024.
under sections 25 and 25A of the which owns shares of First Altus
FOR FURTHER INFORMATION CONTACT:
Federal Reserve Act (12 U.S.C. 602 and Bancorp, Altus, Oklahoma, and owns
Megan Gray, Attorney, Division of
625) and from U.S. branches and shares of Frazer Bank, Altus, Oklahoma.
2. Tanner Johnson, Courtland, Enforcement, Bureau of Consumer
agencies of foreign banks under section
Kansas; Travis Johnson, Wichita, Protection, (202) 326–3408, mgray@
7(c)(2) of the International Banking Act
Kansas; and Tara Renze, Leawood, ftc.gov, 600 Pennsylvania Ave. NW,
of 1978 (12 U.S.C. 3105(c)(2)) and under
Kansas, individually and as members of Room CC–9541, Washington, DC 20580.
section 7(a) of the Federal Deposit
Insurance Act (12 U.S.C. 1817(a)). the Johnson Family Group; to retain SUPPLEMENTARY INFORMATION: On
These surveys would be conducted on voting shares of Swedish-American December 6, 2017, the FTC sought
a voluntary basis. The confidentiality of Bancshares, Inc., and thereby indirectly public comment on the information
information provided by respondents to retain shares of Swedish-American State collection requirements associated with
the FR 3075 surveys will be determined Bank, both of Courtland, Kansas. the FPLA Rules (December 6, 2017
on a case-by-case basis depending on Board of Governors of the Federal Reserve Notice 1), 16 CFR parts 500–503 (OMB
the type of information provided for a System, February 13, 2018. Control Number 3084–0110).2 No
particular survey. Depending upon the Ann Misback, relevant comments were received.
survey questions, confidential treatment Secretary of the Board. Pursuant to the OMB regulations, 5 CFR
may be warranted under exemptions 4, [FR Doc. 2018–03262 Filed 2–15–18; 8:45 am] part 1320, that implement the PRA, 44
6, and 8 of the Freedom of Information BILLING CODE P U.S.C. 3501 et seq., the FTC is providing
Act (5 U.S.C. 552(b)(4), (6), and (8)). this second opportunity for public
Consultation outside the agency: comment while seeking OMB approval
Surveys conducted under the FR 3075 FEDERAL TRADE COMMISSION to renew the pre-existing clearance for
may include data collections sponsored
the Rules.
by bodies such as the BCBS and the Agency Information Collection
FSB. Activities; Submission for OMB Burden Statement
Board of Governors of the Federal Reserve Review; Comment Request; Extension
System, February 12, 2018. As detailed in the December 6, 2017
AGENCY: Federal Trade Commission Notice, the FTC estimates cumulative
Ann E. Misback,
(‘‘FTC’’ or ‘‘Commission’’). annual burden on affected entities to be
Secretary of the Board.
ACTION: Notice. 8,084,250 hours and $199,680,975 in
[FR Doc. 2018–03209 Filed 2–15–18; 8:45 am]
labor costs. Commission staff believes
BILLING CODE 6210–01–P SUMMARY: The information collection that the FPLA Rules impose negligible
requirements described below will be capital or other non-labor costs, as the
submitted to the Office of Management
FEDERAL RESERVE SYSTEM affected entities are likely to have the
and Budget (‘‘OMB’’) for review, as
necessary supplies and/or equipment
required by the Paperwork Reduction
Change in Bank Control Notices; already (e.g., offices and computers) to
Act (‘‘PRA’’). The FTC intends to ask
Acquisitions of Shares of a Bank or OMB to extend for an additional three implement the packaging and labeling
Bank Holding Company years the current PRA clearance for the disclosure requirements under the FPLA
FTC’s enforcement of the information Rules.
The notificants listed below have
applied under the Change in Bank collection requirements in its Fair
daltland on DSKBBV9HB2PROD with NOTICES

1 82 FR 57599.
Control Act (12 U.S.C. 1817(j)) and Packaging and Labeling Act regulations 2 Section 4 of the FPLA specifically requires
§ 225.41 of the Board’s Regulation Y (12 (‘‘FPLA Rules’’). That clearance expires packages or labels to be marked with: (1) A
CFR 225.41) to acquire shares of a bank on April 30, 2018. statement of identity; (2) a net quantity of contents
or bank holding company. The factors DATES: Comments must be filed by disclosure; and (3) the name and place of business
March 19, 2018. of the company responsible for the product. The
that are considered in acting on the FPLA Rules, 16 CFR parts 500—503, specify how
notices are set forth in paragraph 7 of ADDRESSES: Interested parties may file a manufacturers, packagers, and distributors of
the Act (12 U.S.C. 1817(j)(7)). comment online or on paper, by ‘‘consumer commodities’’ must do this.

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Document Created: 2018-02-16 00:55:44
Document Modified: 2018-02-16 00:55:44

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 April 17, 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, 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.
FR Citation		83 FR 7038