[Federal Register Volume 85, Number 63 (Wednesday, April 1, 2020)]
[Proposed Rules]
[Pages 18156-18157]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-06506]


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FEDERAL RESERVE SYSTEM

12 CFR Part 261a

[Docket No. R-1704]
[RIN No. 7100-AF78]


Privacy Act of 1974; Privacy Act Regulation

AGENCY: Board of Governors of the Federal Reserve System.

[[Page 18157]]


ACTION: Proposed rule and request for comment.

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SUMMARY: Pursuant to the provisions of the Privacy Act of 1974, notice 
is given that the Board of Governors of the Federal Reserve System 
(Board) proposes to amend its regulation implementing the Privacy Act 
of 1974 (Privacy Act Rule). The Board is proposing to add a new system 
of records entitled BGFRS-43, ``FRB--Security Sharing Platform,'' to 
those identified as an ``exempt'' system of records. Notice of this new 
system of records is published elsewhere in this issue of the Federal 
Register.

DATES: Comments must be received on or before May 1, 2020.

ADDRESSES: You may submit comments, identified by Docket Number R-1704 
and RIN 7100-AF74 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 docket 
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 will be made available on the Board's website 
at https://www.federalreserve.gov/apps/foia/proposedregs.aspx as 
submitted, unless modified for technical reasons or to remove sensitive 
personally identifiable 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 FURTHER INFORMATION CONTACT: David B. Husband, Counsel, (202) 530-
6270, or [email protected]; Legal Division, Board of Governors of 
the Federal Reserve System, 20th Street and Constitution Avenue NW, 
Washington, DC 20551.

SUPPLEMENTARY INFORMATION: The Board last revised its Rules Regarding 
Access to Personal Information under the Privacy Act (the Board's 
Privacy Act Rule), 12 CFR part 261a, in 2010. See75 FR 63703 (October 
18, 2010). The Privacy Act Rule sets forth the procedures for 
individuals requesting to access or amend information about themselves 
contained in a system of records maintained by the Board. It also sets 
out the procedures by which an individual may appeal an adverse 
determination of a request for access or amendment and identifies the 
systems of records that are exempt from certain provisions of the 
Privacy Act.
    The Board is establishing a new system of records, BGFRS-43, 
``FRB--Security Sharing Platform'' published elsewhere in this issue of 
the Federal Register. The new system of records maintains records 
relating to the Security Sharing Platform that will allow the Board and 
the twelve Federal Reserve Banks (collectively, ``the Federal Reserve 
System'') to share information regarding individuals who are involved 
in incidents or events that may affect the safety and security of the 
premises, grounds, property, personnel, and operations of the Federal 
Reserve System.
    The Board proposes to amend its existing list of exempt system of 
records to add BGFRS-43, ``FRB--Security Sharing Platform,'' as an 
exempt system of records pursuant to 5 U.S.C. 552a(k)(2), which exempts 
the listed systems from certain provisions of the Privacy Act to the 
extent that the system contains investigatory material compiled for law 
enforcement purposes. The Security Sharing Platform system of records 
contains investigatory material compiled for law enforcement purposes 
as it will collect, maintain, and permit the sharing by Federal Reserve 
System law enforcement personnel of information necessary to protect 
the security and safety of the System's premises, grounds, property, 
personnel, and operations. Law enforcement personnel may use the 
collected information to conduct investigations, as appropriate, of 
suspected violations of civil or criminal laws. Therefore, to the 
extent BGFRS-43 contains investigatory materials compiled for law 
enforcement purposes, the system is appropriately designated as exempt 
pursuant to 5 U.S.C. 552a(k)(2).
    Accordingly, the Board is proposing to amend 12 CFR 261a.12(b) to 
redesignate paragraph (b)(11) referencing BGFRS/OIG-1 Investigative 
Records as paragraph (b)(12) in order to maintain the Board's practice 
of listing OIG-specific SORNs after the general SORNs. The Board 
proposes to add BGFRS-43, ``FRB--Security Sharing Platform'' as new 
paragraph (b)(11).

Regulatory Flexibility Analysis

    The Privacy Act Regulation sets forth the procedures by which 
individuals may request access and amendment to records maintained in 
systems of records at the Board. The Board believes that this rule will 
not have a significant economic impact on a substantial number of small 
entities, because it does not apply to business entities.

List of Subjects to Part 261(a)

    Privacy.

Authority and Issuance

    For the reasons stated in the Supplementary Information, the Board 
proposes to amend 12 CFR part 261a as follows:

PART 12 CFR 261a--RULES REGARDING ACCESS TO PERSONAL INFORMATION 
UNDER THE PRIVACY ACT 1974

0
1. The authority citation for part 261a continues to read as follows:

    Authority: 5 U.S.C. 552a.

0
2. Amend Sec.  261a.12(b) by redesignating paragraph (b)(11) as (b)(12) 
and adding new paragraph (b)(11) to read as follows:


Sec.  261a.12  Exempt Records.

* * * * *
    (b) * * *
    (11) BGFRS-43 Security Sharing Platform
* * * * *

    Board of Governors of Federal Reserve System.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2020-06506 Filed 3-31-20; 8:45 am]
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