[Federal Register Volume 82, Number 129 (Friday, July 7, 2017)]
[Notices]
[Pages 31603-31604]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-14259]


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FEDERAL RESERVE SYSTEM


Agency Information Collection Activities: Announcement of Board 
Approval Under Delegated Authority and Submission to OMB

AGENCY: Board of Governors of the Federal Reserve System.
SUMMARY: The Board of Governors of the Federal Reserve System (Board) 
is adopting a proposal to extend for three years, without revision, the 
Annual Daylight Overdraft Capital Report for U.S. Branches and Agencies 
of Foreign Banks (FR 2225; OMB No. 7100-0216).
    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. Board-approved collections of information are incorporated into 
the official OMB inventory of currently approved collections of 
information. Copies of the Paperwork Reduction Act Submission, 
supporting statements and approved collection of information 
instrument(s) 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 control number.

FOR FURTHER INFORMATION CONTACT: 
    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.
    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.
    Final approval under OMB delegated authority of 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.
    Respondents: Foreign banking organizations (FBO).
    Estimated Number of Respondents: 50.
    Estimated Average Hours per Response: 1.
    Estimated annual burden hours: 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

[[Page 31604]]

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.
    Current actions: On April 7, 2017, the Board published a notice in 
the Federal Register (82 FR 17005) requesting public comment for 60 
days on the extension, without revision, of the Annual Daylight 
Overdraft Capital Report for U.S. Branches and Agencies of Foreign 
Banks. The comment period for this notice expired on June 6, 2017. The 
Board did not receive any comments.

    Board of Governors of the Federal Reserve System, July 3, 2017.
Ann E. Misback
Secretary of the Board.
[FR Doc. 2017-14259 Filed 7-6-17; 8:45 am]
 BILLING CODE 6210-01-P