[Federal Register Volume 83, Number 33 (Friday, February 16, 2018)]
[Notices]
[Pages 7038-7039]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[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: [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 (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