[Federal Register Volume 85, Number 23 (Tuesday, February 4, 2020)]
[Notices]
[Pages 6181-6182]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-02138]


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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 Notification of Nonfinancial Data Processing Activities 
(FR 4021; OMB No. 7100-0306).

DATES: Comments must be submitted on or before April 6, 2020.

ADDRESSES: You may submit comments, identified by FR 4021, by any of 
the following methods:
     Agency Website: https://www.federalreserve.gov/. Follow 
the instructions for submitting comments at https://www.federalreserve.gov/apps/foia/proposedregs.aspx.
     Email: [email protected]. Include the 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 
https://www.federalreserve.gov/apps/foia/proposedregs.aspx as 
submitted, unless modified for technical reasons or to remove 
personally identifiable information at the commenter's request. 
Accordingly, comments will not be edited to remove any identifying or 
contact information. Public comments may also be viewed electronically 
or in paper in Room 146, 1709 New York Avenue NW, Washington, DC 20006, 
between 9:00 a.m. and 5:00 p.m. on weekdays. For security reasons, the 
Board requires that visitors make an appointment to inspect comments. 
You may do so by calling (202) 452-3684. Upon arrival, visitors will be 
required to present valid government-issued photo identification and to 
submit to security screening in order to inspect and photocopy 
comments.
    Additionally, commenters may send a copy of their comments to the 
Office of Management and Budget (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 Paperwork Reduction Act 
(PRA) OMB submission, including the 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 Board's public website at https://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.

SUPPLEMENTARY INFORMATION: On June 15, 1984, OMB delegated to the Board 
authority under the PRA to approve and assign OMB control numbers to 
collections of information 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 Board's functions, including whether the 
information has practical utility;
    b. The accuracy of the Board'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 Board 
should modify the proposal.
    Proposal under OMB Delegated Authority to Extend for Three Years, 
Without Revision, the Following Information Collection:
    Report title: Notification of Nonfinancial Data Processing 
Activities.
    Agency form number: FR 4021.
    OMB control number: 7100-0306.
    Frequency: As needed.
    Respondents: Bank holding companies (BHCs).
    Estimated number of respondents: 1.
    Estimated average hours per response: 2.
    Estimated annual burden hours: 2.
    General description of report: The FR 4021 consists of the notice 
that BHCs may file to request permission to administer the Regulation Y 
revenue limit on nonfinancial data processing activities on a business-
line or multiple-entity basis. A BHC may submit such a request to the 
Board's General Counsel in letter form. The request 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 limit, and the reasons why the BHC believes that the proposed 
methodology is appropriate.
    Legal authorization and confidentiality: The Board is authorized to 
collect the information associated with the notification process from 
BHCs pursuant to 12 U.S.C. 1843(c)(8) and (k). The submission of the 
notification (request) associated with the FR 4021 is required to 
obtain a benefit. To the extent a BHC submits nonpublic commercial or 
financial information in connection with the FR 4021, which is both 
customarily and actually treated as private by the BHC, the BHC may 
request confidential treatment pursuant to exemption 4 of the Freedom 
of Information Act (FOIA), 5 U.S.C. 552(b)(4). The entity should 
separately designate such information as ``confidential commercial 
information'' or ``confidential financial information,'' as 
appropriate, and the Board will treat such designated information as 
confidential to the extent permitted by law, including the FOIA, 5 
U.S.C. 552.


[[Page 6182]]


    Board of Governors of the Federal Reserve System, January 30, 
2020.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2020-02138 Filed 2-3-20; 8:45 am]
BILLING CODE 6210-01-P