[Federal Register Volume 82, Number 66 (Friday, April 7, 2017)]
[Notices]
[Pages 17005-17006]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-06913]


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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, request for comments.

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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, without 
revision, the Annual Daylight Overdraft Capital Report for U.S. 
Branches and Agencies of Foreign Banks (FR 2225). 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 June 6, 2017.

ADDRESSES: You may submit comments, identified by FR 2225, 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: Ann E. Misback, Secretary, Board of Governors of the 
Federal

[[Page 17006]]

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

    Report title: Annual Daylight Overdraft Capital Report for U.S. 
Branches and Agencies of Foreign Banks.
    Agency form number: FR 2225.
    OMB control number: 7100-0216.
    Frequency: Annually.
    Reporters: Foreign banking organizations (FBO).
    Estimated annual burden hours: 50.
    Estimated average hours per response: 1.
    Number of respondents: 50.
    General description of report: This report was implemented in March 
1986 as part of the procedures used to administer the Federal Reserve's 
Payment System Risk (PSR) policy. A key component of the PSR policy is 
a limit, or a net debit cap, on an institution's negative intraday 
balance in its Reserve Bank account. The Federal Reserve calculates an 
institution's net debit cap by applying the multiple associated with 
the net debit cap category to the institution's capital. For foreign 
banking organizations (FBOs), a percentage of the FBO's capital 
measure, known as the U.S. capital equivalency, is used to calculate 
the FBO's net debit cap.
    FBOs that wish to establish a positive net debit cap and have a 
strength of support assessment (SOSA) 1 or SOSA 2 ranking or hold a 
financial holding company (FHC) designation are required to submit the 
FR 2225 to their Administrative Reserve Bank (ARB).1 2
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    \1\ The Administrative Reserve Bank is responsible for the 
administration of Federal Reserve credit, reserves, and risk-
management policies for a given institution or other legal entity.
    \2\ Most FBOs that are ranked SOSA 3 do not qualify for a 
positive net debit cap. In the event a Reserve Bank grants a net 
debit cap or extends intraday credit to a financially healthy SOSA 
3-ranked FBO, the financially healthy SOSA 3-ranked FBOs will have 
their U.S. capital equivalency based on their ``Net due to related 
depository institutions'' as reported on the Report of Assets and 
Liabilities of U.S. Branches and Agencies of Foreign Banks (FFIEC 
002), Schedule RAL, Item 5.a, Column A, for the most recent quarter.
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    Legal authorization and confidentiality: The Federal Reserve 
Board's Legal Division has determined that the FR 2225 is authorized by 
Sections 11(i), 16, and 19(f) of the Federal Reserve Act (12 U.S.C. 
248(i), 248-1, and 464). An FBO is required to respond in order to 
obtain or retain a benefit, i.e., in order for the U.S. branch or 
agency of an FBO to establish and maintain a non-zero net debit cap. 
Respondents are not asked to submit any data that are not ordinarily 
disclosed to the public; accordingly, such items would not routinely be 
protected from disclosure under the Freedom of Information Act (FOIA). 
To the extent an institution submits data it believes are confidential 
and can establish the potential for substantial competitive harm, those 
responses would be protected from disclosure pursuant to exemption 4 of 
the FOIA (5 U.S.C. 552(b)(4)), under the standards set forth in 
National Parks & Conservation Ass'n v. Morton, 498 F.2d 765 (D.C. Cir. 
1974). Such a determination would be made on a case-by-case basis in 
response to a specific request for disclosure of the information.

    Board of Governors of the Federal Reserve System, April 3, 2017.
Margaret M. Shanks,
Deputy Secretary of the Board.
[FR Doc. 2017-06913 Filed 4-6-17; 8:45 am]
 BILLING CODE 6210-01-P