[Federal Register Volume 79, Number 101 (Tuesday, May 27, 2014)]
[Notices]
[Pages 30145-30146]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-12181]


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FINANCIAL STABILITY OVERSIGHT COUNCIL


Proposed Collections; Comment Requests

ACTION: Notice and request for comments.

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SUMMARY: The Financial Stability Oversight Council (the ``Council'') 
invites members of the public and affected agencies to comment on 
proposed and/or continuing information collections, as required by the 
Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 
3506(c)(2)(A)). The Council is soliciting comments concerning its 
collection of information related to its authority to designate 
financial market utilities as systemically important. Section 804 of 
the Dodd-Frank Wall Street Reform and Consumer Protection (the ``Dodd-
Frank Act'') provides the Council the authority to designate a 
financial market utility (``FMU'') that the Council determines is or is 
likely to become systemically important because the failure of or a 
disruption to the functioning of the FMU could create, or increase, the 
risk of significant liquidity or credit problems spreading among 
financial institutions or markets and thereby threaten the stability of 
the United States financial system. On July 27, 2011, the Council 
published in the Federal Register a final rule (12 CFR part 1320) that 
describes the criteria that will inform and the processes and 
procedures established under the Dodd-Frank Act for the Council's 
designation of FMUs as systemically important under the Dodd-Frank Act. 
On July 18, 2012, the Council designated eight FMUs as systemically 
important under Title VIII of the Dodd-Frank Act. The collection of 
information under 12 CFR 1320.11 affords FMUs that are under 
consideration for designation, or rescission of designation, an 
opportunity to submit written materials to the Council in support of, 
or in opposition to, designation or rescission of designation. The 
collection of information under 12 CFR 1320.12 affords FMUs an 
opportunity to contest a proposed determination of the Council by 
requesting a hearing and submitting written materials (or, at the sole 
discretion of the Council, oral testimony and oral argument). The 
collection of information in 12 CFR 1320.14 affords FMUs an opportunity 
to contest the Council's waiver or modification of the notice, hearing, 
or other requirements contained in 12 CFR 1320.11 and 1320.12 by 
requesting a hearing and submitting written materials (or, at the sole 
discretion of the Council, oral testimony and oral argument). The 
information collected from FMUs under 12 CFR 1320.20 will be used by 
the Council to determine whether to designate an additional FMU or to 
rescind the designation of a designated FMU.

DATES: Written comments must be received on or before July 28, 2014 to 
be assured of consideration.

ADDRESSES: You may submit comments by any of the following methods:
    Mail: Attn: Request for Comments (Financial Stability Oversight 
Council Proposed Information Collection), Office of the Financial 
Stability Oversight Council, Department of the Treasury, 1500 
Pennsylvania Avenue NW., Washington, DC 20220.
    Electronic Submission: [email protected]
    Instructions: All submissions received must include the agency name 
and the Federal Register document number that appears at the end of 
this document. Comments received will be made available to the public 
via regulations.gov or upon request, without change, and including any 
personal information provided.

FOR FURTHER INFORMATION CONTACT: Requests for additional information 
about the filings or procedures should be directed to Executive 
Director, Financial Stability Oversight Council, Department of the 
Treasury, 1500 Pennsylvania Avenue NW., Washington, DC 20220.

SUPPLEMENTARY INFORMATION: 
    Title: Designation of Financial Market Utilities
    OMB Control Number: 1505-0239
    Abstract: The collection of information under 12 CFR 1320.11 
affords FMUs that are under consideration for designation, or

[[Page 30146]]

rescission of designation, an opportunity to submit written materials 
to the Council in support of, or in opposition to, designation or 
rescission of designation. The collection of information under 12 CFR 
1320.12 affords FMUs an opportunity to contest a proposed determination 
of the Council by requesting a hearing and submitting written materials 
(or, at the sole discretion of the Council, oral testimony and oral 
argument). The collection of information in 12 CFR 1320.14 affords FMUs 
an opportunity to contest the Council's waiver or modification of the 
notice, hearing, or other requirements contained in 12 CFR 1320.11 and 
1320.12 by requesting a hearing and submitting written materials (or, 
at the sole discretion of the Council, oral testimony and oral 
argument). The information collected from FMUs under 12 CFR 1320.20 
will be used by the Council to determine whether to designate an 
additional FMU or to rescind the designation of a designated FMU.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Businesses or other for-profit and not-for-profit 
organization
    Estimated Total Annual Burden Hours for All Collections: 500 hours
    Request for Comments: Comments submitted in response to this notice 
will be summarized and/or included in the request for OMB approval. All 
comments will become a matter of public record. Comments are invited 
on: (a) Whether the collection of information is necessary for the 
proper performance of the functions of the agency, including whether 
the information has practical utility; (b) the accuracy of the agency's 
estimate of the burden of the collection of information; (c) ways to 
enhance the quality, utility, and clarity of the information to be 
collected; (d) ways to minimize the burden of the collection of 
information on respondents, including through the use of automated 
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.

David G. Clunie,
Executive Secretary.
[FR Doc. 2014-12181 Filed 5-23-14; 8:45 am]
BILLING CODE 4810-25-P