[Federal Register Volume 78, Number 75 (Thursday, April 18, 2013)]
[Notices]
[Pages 23253-23254]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-09115]
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FEDERAL RESERVE SYSTEM
Proposed Agency Information Collection Activities; Comment
Request
AGENCY: Board of Governors of the Federal Reserve System.
SUMMARY: On June 15, 1984, the Office of Management and Budget (OMB)
delegated to the Board of Governors of the Federal Reserve System
(Board) its approval authority under the Paperwork Reduction Act (PRA),
pursuant to 5 CFR 1320.16, to approve of and assign OMB control numbers
to collection of information requests and requirements conducted or
sponsored by the Board under conditions set forth in 5 CFR part 1320
Appendix A.1. 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 instruments are placed into OMB's public docket files. The
Federal Reserve 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.
DATES: Comments must be submitted on or before June 17, 2013.
ADDRESSES: You may submit comments, identified by FR 4102, or FR TA-1,
by any of the following methods:
Agency Web site: 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: [email protected]. Include OMB
number in the subject line of the message.
FAX: (202) 452-3819 or (202) 452-3102.
Mail: Robert deV. Frierson, 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 Web site at
www.federalreserve.gov/generalinfo/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 MP-
500 of the Board's Martin Building (20th and C Streets NW.) 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, once approved. These documents will also be made
available on the Federal Reserve Board's public Web site 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 -- Cynthia Ayouch --
Division of Research and Statistics, 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:
Request for Comment on Information Collection Proposals
The following information collections, which are being handled
under this delegated authority, have received initial Board approval
and are hereby published for comment. At the end of the comment period,
the proposed information collections, along with an analysis of
comments and recommendations received, will be submitted to the Board
for final approval under OMB delegated authority. 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
[[Page 23254]]
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.
Proposal to approve under OMB delegated authority the extension for
three years, without revision, of the following report:
Report title: Reporting and Disclosure Requirements Associated with
the Policy on Payments System Risk.
Agency form number: FR 4102.
OMB control number: 7100-0315.
Frequency: Biennial.
Reporters: Payment and securities settlement systems.
Annual reporting hours: 210 hours.
Estimated average hours per response: 70 hours.
Number of respondents: 3.
General description of report: The Federal Reserve has determined
that sections 11(i) & (j), 13, 16, and 19(f) of the Federal Reserve Act
authorize the Board to exercise general supervision of the Reserve
Banks, to make rules and regulations to perform effectively its duties
and functions, and to determine and regulate fees charged by member or
nonmember banks for the collection or payment of checks, among other
things (12 U.S.C. 248(i) & (j), 248-1, 342, 360, and 464).
Additionally, depending upon the individual institution, the
information collection may be authorized under a more specific statute.
Specifically, the Board is authorized to collect information from state
member banks under section 9 of the Federal Reserve Act (12 U.S.C.
324); 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 12 U.S.C. 1467a(b)(3) and
5412; 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)).
Together, these statutory provisions provide the legal authorization
for the reporting and disclosure requirements associated with the FR
4102. Because the self-assessments are to be publicly disclosed and
because the Federal Reserve will not collect any information pursuant
to this information collection beyond what is made publicly available,
no confidentiality issue arises with regard to the FR 4102. The
reporting and disclosure requirements of the FR 4102 are mandatory.
Abstract: The FR 4102 was implemented in January 2007 as a result
of revisions to the Federal Reserve's Policy on Payments System Risk
(PSR policy). Under the revised policy, systemically important payment
and settlement systems as determined by the Board at that time and
subject to the Federal Reserve's authority are expected to complete and
disclose publicly self-assessments against the principles and minimum
standards in the policy. The self-assessment should be reviewed and
approved by the system's senior management and board of directors upon
completion and made readily available to the public. In addition, a
self-assessment should be updated following material changes to the
system or its environment and, at a minimum, reviewed by the system
every two years.
Proposal to approve under OMB delegated authority the extension for
three years, with revision, of the following report:
Report title: Transfer Agent Registration and Amendment Form.
Agency form number: FR TA-1.
OMB control number: 7100-0099.
Frequency: On occasion.
Reporters: State member banks (SMBs) and their subsidiaries, bank
holding companies (BHCs), certain nondeposit trust company subsidiaries
of BHCs, and savings and loan holding companies (SLHCs).
Annual reporting hours: 4 hours.
Estimated average time per response: Registrations: 1.25 hours;
Amendments: 10 minutes.
Number of respondents: Registrations: 2; Amendments: 4.
General description of report: The FR TA-1 is mandatory and that
its collection is authorized by sections 17A(c), 17(a)(3), and 23(a)(1)
of the Securities Exchange Act of 1934 (the Act), as amended (15 U.S.C.
78q-1(c), 78q(a)(3), and 78w(a)(1)). Additionally, Section
3(a)(34)(B)(ii) of the Act (15 U.S.C. 78c(a)(34)(B)(ii)) provides that
the Board is the appropriate regulatory agency for purposes of various
filings by SMBs and their subsidiaries, BHCs, SLHCs and certain
nondepository trust company subsidiaries of BHCs that act as a clearing
agency or transfer agent. The registrations are public filings and are
not considered confidential.
Abstract: The Act requires any person acting as a transfer agent to
register as such and to amend registration information when it changes.
SMBs and their subsidiaries, BHCs, and certain nondeposit trust company
subsidiaries of BHCs register with the Federal Reserve System by
submitting Form TA-1. The information collected is available to the
public upon request and includes the company name, all business
addresses, and several questions about the registrant's proposed
activities as a transfer agent.
Current actions: The Federal Reserve proposes to include SLHCs in
the respondent panel.
Board of Governors of the Federal Reserve System, April 15,
2013.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2013-09115 Filed 4-17-13; 8:45 am]
BILLING CODE 6210-01-P