[Federal Register Volume 83, Number 33 (Friday, February 16, 2018)]
[Notices]
[Pages 7038-7039]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-03209]


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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 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 voluntary Policy Impact Survey (FR 3075 OMB No. 7100-
00362).

DATES: Comments must be submitted on or before April 17, 2018.

ADDRESSES: You may submit comments, identified by FR 3075 by any of the 
following methods:
     Agency website: 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 website 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, if approved. These documents will also be made available 
on the Federal Reserve Board's public website 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: On June 15, 1984, the Office of Management 
and Budget (OMB) delegated to the Board authority under the Paperwork 
Reduction Act (PRA) to approve 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.

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 proposal.
    Proposal to approve under OMB delegated authority the extension for 
three years, without revision, of the following report:
    Report title: Policy Impact Survey.
    Agency form number: FR 3075.
    OMB control number: 7100-0362.
    Frequency: On occasion, up to five times a year.
    Respondents: Bank holding companies (BHCs), savings and loan 
holding companies (SLHCs), nonbank financial companies that the 
Financial Stability Oversight Council has determined should be 
supervised by the Board, and the combined domestic operations of 
foreign banking organizations.
    Estimated number of respondents: 14.
    Estimated average hours per response: 850.
    Estimated annual burden hours: 59,500.
    General description of report: This survey collects information 
from select institutions regulated by the Board in order to assess the 
effects of proposed, pending, or recently-adopted policy changes at the 
domestic and international levels. For example, the survey has been 
used to collect information used for certain quantitative impact 
studies (QISs) sponsored by bodies that the Board is a member of, such 
as the Basel Committee on Banking Supervision (BCBS) and the Financial 
Stability Board (FSB). Recent collections have included the Basel III 
monitoring exercise, which monitors the global impact of the Basel III 
framework,\1\ the global systemically important bank (G-SIB) exercise, 
which assesses firms' systemic risk profiles,\2\ and a survey of the 
domestic systemic risk footprint of large foreign banking 
organizations. The surveys have helped the Board assess changes in 
regulation related to systemic footprint, insurance underwriting, 
trading book securitization, among other areas. Since the collected 
data may change from survey to survey, there is no fixed reporting 
form.
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    \1\ For more information on the Basel III monitoring exercise, 
including recent examples of QIS surveys sponsored by the BCBS and 
conducted by the Board, see www.bis.org/bcbs/qis/.
    \2\ For more information on the G-SIB exercise, see www.bis.org/bcbs/gsib/.

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[[Page 7039]]

    Legal authorization and confidentiality: The Board is authorized to 
collect the information in the FR 3075 from bank holding companies (and 
their subsidiaries) under section 5(c) of the Bank Holding Company Act 
(12 U.S.C. 1844(c)); from savings and loan holding companies under 
section 10(b)(2) of the Home Owners Loan Act (12 U.S.C. 1467a(b)(2)); 
from non-BHC/SLHC systemically important financial institutions under 
section 161(a) of the Dodd-Frank Act (12 U.S.C. 5361(a)); from the 
combined domestic operations of certain foreign banking organizations 
under section 8(a) of the International Banking Act of 1978 (12 U.S.C. 
3106(a)) and section 5(c) of the Bank Holding Company Act (12 U.S.C. 
1844(c)); from state member banks under section 9 of the Federal 
Reserve Act (12 U.S.C. 324); from Edge and agreement corporations under 
sections 25 and 25A of the Federal Reserve Act (12 U.S.C. 602 and 625) 
and from U.S. branches and agencies of foreign banks under section 
7(c)(2) of the International Banking Act of 1978 (12 U.S.C. 3105(c)(2)) 
and under section 7(a) of the Federal Deposit Insurance Act (12 U.S.C. 
1817(a)).
    These surveys would be conducted on a voluntary basis. The 
confidentiality of information provided by respondents to the FR 3075 
surveys will be determined on a case-by-case basis depending on the 
type of information provided for a particular survey. Depending upon 
the survey questions, confidential treatment may be warranted under 
exemptions 4, 6, and 8 of the Freedom of Information Act (5 U.S.C. 
552(b)(4), (6), and (8)).
    Consultation outside the agency: Surveys conducted under the FR 
3075 may include data collections sponsored by bodies such as the BCBS 
and the FSB.

    Board of Governors of the Federal Reserve System, February 12, 
2018.
Ann E. Misback,
Secretary of the Board.
[FR Doc. 2018-03209 Filed 2-15-18; 8:45 am]
BILLING CODE 6210-01-P