[Federal Register Volume 81, Number 187 (Tuesday, September 27, 2016)]
[Notices]
[Pages 66275-66276]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-23266]


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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 and request for comment regarding the Federal Reserve 
proposal to extend with revision, the clearance under the Paperwork 
Reduction Act for the following information collection activity.

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SUMMARY: The Board of Governors of the Federal Reserve System (Board or 
Federal Reserve) invites comment on a proposal to extend, with 
revision, the Joint Standards for Assessing Diversity Policies and 
Practices (Policy Statement).
    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 28, 2016.

ADDRESSES: You may submit comments, identified by OMWI Policy 
Statement, 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.

[[Page 66276]]

     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, With Revision, of the Following Report

    Report title: Joint Standards for Assessing Diversity Policies and 
Practices.
    Agency form number: FR 2100.
    OMB control number: 7100-0368.
    Frequency: Annual.
    Respondents: Financial institutions regulated by the Federal 
Reserve.
    Estimated annual burden hours: 3,912 hours.
    Estimated average hours per response: 8 hours.
    Number of respondents: 488.
    General description of report: Section 342 of the Dodd-Frank Wall 
Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act) 
requires the Office of the Comptroller of the Currency (OCC), Board of 
Governors of the Federal Reserve System (Board), Federal Deposit 
Insurance Corporation (FDIC), National Credit Union Administration 
(NCUA), Bureau of Consumer Financial Protection (CFPB), and Securities 
and Exchange Commission (SEC) (the Agencies) each to establish an 
Office of Minority and Women Inclusion (OMWI) to be responsible for all 
matters of the Agency relating to diversity in management, employment, 
and business activities. Section 342 requires each OMWI director to 
develop standards for ``assessing the diversity policies and practices 
of entities regulated by the agency.'' The Policy Statement, published 
jointly by the Agencies in June 2015, contain those standards.
    Legal authorization and confidentiality: The Board's Legal Division 
has determined that the information collections contained within the 
Policy Statement are authorized by section 342 of the Dodd-Frank Act, 
which requires the Board's OMWI director to develop standards for 
assessing regulated entities' diversity policies and practices and are 
voluntary.
    The Standard regarding transparency, and a portion of the self-
assessment Standard, call for regulated entities to provide information 
to the public, so confidentiality is not an issue with respect to those 
aspects of the Policy. A regulated entity may provide self-assessment 
material to the Board that contains confidential commercial information 
protectable under exemption 4 of the Freedom of Information Act, 5 
U.S.C. 552(b)(4), and may request that the information be kept 
confidential on a case-by-case basis. The Federal Reserve will 
determine whether the information is entitled to confidential treatment 
on an ad hoc basis in connection with such a request. As noted in the 
Policy Statement, an entity's primary federal regulator may share 
information obtained from regulated entities with other Agencies, but 
will publish information disclosed to them only in a form that does not 
identify a particular entity or individual or disclose confidential 
business information.
    Current Actions: The Federal Reserve previously received OMB 
approval for a voluntary information collection with respect to the 
Policy Statement, pursuant to which entities regulated by the Federal 
Reserve voluntarily self-assess their diversity policies and 
practices.\1\ This proposed revision to that collection would add the 
Diversity Self-Assessment Template to assist with the self-assessment. 
The Template (1) asks for general information about a respondent; (2) 
includes a checklist of the standards set forth in the Policy 
Statement; (3) seeks additional diversity data; and (4) provides an 
opportunity for a respondent to provide other information regarding or 
comment on the self-assessment of its diversity policies and practices.
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    \1\ 80 FR 33016 (June 10, 2015).

    Board of Governors of the Federal Reserve System, September 22, 
2016.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2016-23266 Filed 9-26-16; 8:45 am]
 BILLING CODE 6210-01-P