[Federal Register Volume 80, Number 184 (Wednesday, September 23, 2015)]
[Notices]
[Pages 57374-57375]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-24131]


-----------------------------------------------------------------------

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), 
to approve of and assign OMB numbers to collection of information 
requests and requirements conducted or sponsored by the Board. Board-
approved collections of information are incorporated into the official 
OMB inventory of currently approved collections of information. Copies 
of the PRA 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 number.

DATES: Comments must be submitted on or before November 23, 2015.

ADDRESSES: You may submit comments, identified by Reg G, 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 
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, 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--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:

Request for Comment on Information Collection Proposal

    The following information collection, which is being handled under 
this delegated authority, has received initial Board approval and is 
hereby published for comment. At the end of the comment period, the 
proposed information collection, 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 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

    1. Report title: Requirements for Disclosure and Reporting of 
Community Reinvestment Act (CRA)-Related Agreements (Regulation G).
    Agency form number: Reg G.
    OMB control number: 7100-0299.
    Frequency: On occasion and annual.
    Reporters: State member banks and their subsidiaries; bank holding 
companies; savings and loan holding companies; and affiliates of bank 
holding companies and savings and loan holding institutions, other than 
banks, savings associations and subsidiaries of banks and savings 
associations; and nongovernmental entities or persons (NGEPs) that 
enter into covered agreements with any of the aforementioned companies.
    Estimated annual reporting hours: Disclosure burden for insured 
depository institutions (IDI) and affiliates: Covered agreements to 
public, 6 hours; and Agreements relating to activities of CRA 
affiliates, 6 hours; Reporting burden for IDI and affiliates: Copy of 
agreements to agency, 8 hours; List of agreements to agency, 8 hours; 
Annual report, 8 hours; and Filing NGEP annual report, 6 hours; 
Disclosure burden for NGEP: Covered agreements to public, 6 hours; 
Reporting burden for NGEP: Copy of agreements to agency, 6 hours; and 
Annual report, 24 hours.
    Estimated average hours per response: Disclosure burden for IDI and 
affiliates: Covered agreements to public, 1 hour; and Agreements 
relating to activities of CRA affiliates, 1 hour; Reporting burden for 
IDI and affiliates: Copy of agreements to agency, 1 hour; List of 
agreements to agency, 1 hour; Annual

[[Page 57375]]

report, 4 hours; and Filing NGEP annual report, 1 hour; Disclosure 
burden for NGEP: Covered agreements to public, 1 hour; Reporting burden 
for NGEP: Copy of agreements to agency, 1 hour; and Annual report, 4 
hours.
    Number of respondents: Disclosure burden for IDI and affiliates: 
Covered agreements to public, 2 respondents; and Agreements relating to 
activities of CRA affiliates, 2 respondents; Reporting burden for IDI 
and affiliates: Copy of agreements to agency, 2 respondents; List of 
agreements to agency, 2 respondents; Annual report, 2 respondents; and 
Filing NGEP annual report, 2 respondents; Disclosure burden for NGEP: 
Covered agreements to public, 6 respondents; Reporting burden for NGEP: 
Copy of agreements to agency, 6 respondents; and Annual report, 6 
respondents.
    General description of report: This information collection is 
mandatory pursuant to Section 48 of the Federal Deposit Insurance Act 
(12 U.S.C. 1831y). The Board does not generally consider the 
information obtained under Regulation G to be confidential. However, a 
respondent may request confidential treatment under section (b)(4) of 
the Freedom of Information Act (FOIA). Section (b)(4) provides an 
exemption for ``trade secrets and commercial or financial information 
obtained from a person and privileged or confidential'' (5 U.S.C. 
552(b)(4)). In order for a respondent to avail itself of this 
exemption, the respondent would have to show that the release of 
information would likely cause substantial harm to their competitive 
position. In addition, the information obtained under Regulation G may 
in appropriate circumstances also be withheld pursuant to section 
(b)(8) of the FOIA, which exempts information contained in 
``examination, operating, or condition reports prepared by, on behalf 
of, or for the use of an agency responsible for the regulation or 
supervision of financial institutions'' (5 U.S.C. 552(b)(8)).
    Abstract: Regulation G implements provisions of the Gramm-Leach-
Bliley Act (GLBA) that require reporting and public disclosure of 
written agreements between (1) IDIs or their affiliates and (2) NGEPs, 
that are made in connection with the fulfillment of CRA 
requirements.\1\ The GLBA requires both IDIs and NGEPs to make a copy 
of any CRA-Related agreement available upon request and file an annual 
report with each relevant supervisory agency regarding the use of funds 
under such agreement for that fiscal year. In addition, an IDI and 
affiliate must provide to the relevant supervisory agency each calendar 
quarter a list of all CRA-related agreements entered into during the 
quarter with a copy of the agreement.
---------------------------------------------------------------------------

    \1\ 12 U.S.C. 2901 et seq.

    Board of Governors of the Federal Reserve System, September 18, 
2015.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2015-24131 Filed 9-22-15; 8:45 am]
 BILLING CODE 6210-01-P