[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