[Federal Register Volume 83, Number 74 (Tuesday, April 17, 2018)]
[Notices]
[Pages 16857-16858]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-07945]
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BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
DEPARTMENT OF THE TREASURY
Proposed Agency Information Collection Activities; Comment
Request
AGENCY: Board of Governors of the Federal Reserve System (``Board'')
and Departmental Offices, Department of the Treasury (``Treasury'')
(collectively, the ``Agencies'').
ACTION: Joint notice, request for comment.
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SUMMARY: The Agencies invite comment on a proposal to extend for three
years, without revision, the mandatory recordkeeping requirements
associated with a joint rule implementing the Unlawful internet
Gambling Enforcement Act of 2006 (the ``Act'').
DATES: Comments must be submitted on or before June 18, 2018.
ADDRESSES: Interested parties are invited to submit written comments to
either or both of the Agencies. All comments, which should refer to the
Office of Management and Budget (OMB) control numbers, will be shared
between the Agencies. Direct all written comments as follows:
Board: You may submit comments, identified by OMB control no. 7100-
0317, 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 (between 18th and 19th Streets NW), Washington,
DC 20006 between 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.
Treasury: You may submit comments, identified by OMB control no.
1505-0204, by regular mail to Martha Chacon, Staff Assistant, U.S.
Department of the Treasury, 1500 Pennsylvania Avenue NW, Room 2000,
Washington, DC 20220. In addition, comments may be sent by fax to (202)
622-1974, or by electronic mail to [email protected].
In general, the Treasury will make all comments available in their
original format, including any business or personal
[[Page 16858]]
information provided such as names, addresses, email addresses, or
telephone numbers, for public inspection and copying in the Treasury
library, 1500 Pennsylvania Avenue NW, Washington, DC 20220, on official
business days between the hours of 10 a.m. and 5 p.m. You can make an
appointment to inspect comments by calling (202) 622-0990. All comments
received, including attachments and other supporting materials, are
part of the public record and subject to public disclosure. You should
only submit comments that you wish to make publicly available.
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. Requests for additional information or a
copy of the collection may be obtained by contacting:
Board: 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.
Treasury: Steven D. Laughton, Assistant General Counsel (Banking
and Finance), (202) 622-8413, U.S. Department of the Treasury, 1500
Pennsylvania Avenue NW, Room 2001, Washington, DC 20220.
SUPPLEMENTARY INFORMATION:
Request for Comment on Information Collection Proposal
The Agencies invite public comment on the following information
collection. 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.
Comments submitted in response to this notice will be shared
between the Agencies. All comments received, including attachments and
other supporting materials, are part of the public record and will be
included in the submission to the Office of Management and Budget
(OMB).
Title: Prohibition on Funding of Unlawful internet Gambling.
OMB Control Numbers:
Board: 7100-0317.
Treasury: 1505-0204.
General Description of Report: On November 18, 2008, the Agencies
published a joint notice of final rulemaking in the Federal Register
(73 FR 69382) adopting a rule on a prohibition on the funding of
unlawful internet gambling pursuant to the Act. Identical sets of the
final joint rule with identically numbered sections were adopted by the
Board and the Treasury within their respective titles of the Code of
Federal Regulations (12 CFR part 233 for the Board and 31 CFR part 132
for the Treasury). The compliance date for the joint rule was June 1,
2010 (74 FR 62687). The collection of information is set out in
sections 5 and 6 of the joint rule.\1\ Section 5 of the joint rule, as
required by the Act, requires all non-exempt participants in designated
payment systems to establish and implement written policies and
procedures reasonably designed to identify and block or otherwise
prevent or prohibit transactions in connection with unlawful internet
gambling. Section 6 of the joint rule provides non-exclusive examples
of policies and procedures deemed by the Agencies to be reasonably
designed to identify and block or otherwise prevent or prohibit
transactions restricted by the Act.
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\1\ Section 802 of the Act requires the agencies to prescribe
joint regulations requiring each designated payment system, and all
participants in such systems, to identify and block or otherwise
prevent or prohibit restricted transactions through the
establishment of policies and procedures reasonably designed to
identify and block or otherwise prevent or prohibit the acceptance
of restricted transactions.
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Affected Public: Businesses or other for-profit and not-for-profit
organizations.
Respondent Burden
For the purpose of estimating burden and accounting for it with
OMB, the total number of depository institutions listed for each Agency
includes the number of entities regulated by the Agency and half of the
remaining depository institutions and third-party processors. Each
Agency is also accounting for the burden for half of the card system
operators and money transmitting business operators to which the
Agencies estimate the final rule applies.
Board
Estimated number of recordkeepers: 2,628 depository institutions,
2,839 credit unions, 7 card system operators, 43 money transmitting
business operators, and 3 new or de novo institutions.
Estimated average annual burden hours per recordkeeper: Ongoing
annual burden of 8 hours per recordkeeper for depository institutions,
credit unions, card system operators, and money transmitting business
operators. One-time burden of 100 hours for new or de novo
institutions.
Estimated frequency: Annually.
Estimated total annual recordkeeping burden: Ongoing burden, 44,436
hours and one-time burden, 300 hours.
Treasury
Estimated number of recordkeepers: 3,146 depository institutions,
2,839 credit unions, 7 card system operators, 43 money transmitting
business operators, and 3 new or de novo institutions.
Estimated average annual burden hours per recordkeeper: Ongoing
annual burden of 8 hours per recordkeeper for depository institutions,
credit unions, card system operators, and money transmitting business
operators. One-time burden of 100 hours for new or de novo
institutions.
Estimated frequency: Annually.
Estimated total annual recordkeeping burden: Ongoing burden, 48,580
hours and one-time burden, 300 hours.
Board of Governors of the Federal Reserve System on March 23,
2018.
Ann E. Misback,
Secretary of the Board.
Dated: March 29, 2018.
By the Department of the Treasury.
Spencer W. Clark,
Clearance Officer.
[FR Doc. 2018-07945 Filed 4-16-18; 8:45 am]
BILLING CODE 6210-01-P; 4810-25-P