[Federal Register Volume 85, Number 163 (Friday, August 21, 2020)]
[Notices]
[Pages 51714-51715]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-18370]


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

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. 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.
    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. 
These documents also are available on the Federal Reserve 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 above.

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. Board-
approved collections of information are incorporated into the official 
OMB inventory of currently approved collections of information. Copies 
of the PRA Submission, supporting statements, and approved collection 
of information instrument(s) are placed into OMB's public docket files.

Final Approval Under OMB Delegated Authority of the Extension for Three 
Years, Without Revision, of 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.

[[Page 51715]]

    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.
    Current actions: On February 4, 2020, the Board published a notice 
in the Federal Register (85 FR 6181) requesting public comment for 60 
days on the extension, without revision, of the FR 4021. The comment 
period for this notice expired on April 6, 2020. The Board did not 
receive any comments.

    Board of Governors of the Federal Reserve System, August 17, 
2020.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2020-18370 Filed 8-20-20; 8:45 am]
BILLING CODE 6210-01-P