[Federal Register Volume 82, Number 103 (Wednesday, May 31, 2017)]
[Notices]
[Pages 24970-24971]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-11136]


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FEDERAL RESERVE SYSTEM

[OMB No. 7100-0306]


Proposed Agency Information Collection Activities; Comment 
Request; Notification of Nonfinancial Data Processing Activities

AGENCY: Board of Governors of the Federal Reserve System.

ACTION: Notice, request for comment.

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SUMMARY: The Board of Governors of the Federal Reserve System (Board) 
invites comment on a proposal to extend for three years, without 
revision, the Notification of Nonfinancial Data Processing Activities.
    On June 15, 1984, the Office of Management and Budget (OMB) 
delegated to the Board authority under the Paperwork Reduction Act 
(PRA) to approve of and assign OMB control numbers to collection of 
information requests and requirements conducted or sponsored by the 
Board. In exercising this delegated authority, the Board is directed to 
take every reasonable step to solicit comment. In determining whether 
to approve a collection of information, the Board will consider all 
comments received from the public and other agencies.

DATES: Comments must be submitted on or before July 31, 2017.

ADDRESSES: You may submit comments, identified by FR 4021, 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 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 Board invites public comment on the following information 
collection, which is being reviewed under authority delegated by the 
OMB under the PRA. 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 startup costs and costs of operation, 
maintenance, and purchase of services to provide information.
    At the end of the comment period, the comments and recommendations 
received will be analyzed to determine the extent to which the Federal 
Reserve should modify the proposed revisions prior to giving final 
approval.
    Proposal to approve under OMB delegated authority the extension for 
three years, without revision, of the following report:
    Report title: Notification of Nonfinancial Data Processing 
Activities.
    Agency form number: FR 4021.
    OMB control number: 7100-0306.
    Frequency: On occasion.
    Respondents: Bank holding companies.
    Estimated number of respondents: 2.
    Estimated average hours per response: 2.
    Estimated annual burden hours: 4.
    General Description of Report: Bank holding companies (BHCs) submit 
the FR 4021 notification to request permission to administer the 49 
percent revenue limit on nonfinancial data processing activities on a 
business-line or multiple-entity basis. These notifications, which may 
be submitted in letter form, should describe the structure of the 
requesting BHC's data processing operations, the methodology the BHC 
proposes to use to administer the 49 percent revenue test, and the 
reasons why the BHC believes that the proposed methodology is 
appropriate. The Board will consider any request in light of all the 
facts and circumstances, including the interrelationships between the 
data processing activities conducted by the BHC's separate 
subsidiaries, the holding company's business or operational reasons for 
conducting its data processing activities in different subsidiaries, 
and the level of the BHC's ownership interest in the individual 
subsidiaries.
    Legal authorization and confidentiality: The Board's Legal Division 
has determined that 12 U.S.C. 1843(c)(8)(j) and (k) authorize the Board 
to collect this information. A bank holding company may request 
confidential treatment of the

[[Page 24971]]

information contained in the notice pursuant to exemption 4 of the 
Freedom of Information Act (5 U.S.C. 552(b)(4)).

    Board of Governors of the Federal Reserve System, May 24, 2017.
Ann E. Misback,
Secretary of the Board.
[FR Doc. 2017-11136 Filed 5-30-17; 8:45 am]
 BILLING CODE 6210-01-P