[Federal Register Volume 85, Number 240 (Monday, December 14, 2020)]
[Notices]
[Page 80894]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-27463]


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DEPARTMENT OF THE TREASURY


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; Designation of Financial Market Utilities

AGENCY: Departmental Offices, U.S. Department of the Treasury.

ACTION: Notice.

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SUMMARY: The Department of the Treasury will submit the following 
information collection requests to the Office of Management and Budget 
(OMB) for review and clearance in accordance with the Paperwork 
Reduction Act of 1995, on or after the date of publication of this 
notice. The public is invited to submit comments on this request.

DATES: Written comments must be received on or before January 13, 2021.

ADDRESSES: Written comments and recommendations for the proposed 
information collection should be sent within 30 days of publication of 
this notice to www.reginfo.gov/public/do/PRAMain. Find this particular 
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.

FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be 
obtained from Molly Stasko by emailing [email protected], calling (202) 
622-8922, or viewing the entire information collection request at 
www.reginfo.gov.

SUPPLEMENTARY INFORMATION: Title: Designation of Financial Market 
Utilities.
    OMB Control Number: 1505-0239.
    Type of Review: Extension without change of a currently approved 
collection.
    Description: On July 27, 2011, the Council published in the Federal 
Register a final rule (12 CFR part 1320) that describes the criteria 
that will inform and the processes and procedures established under the 
Dodd-Frank Act for the Council's designation of FMUs as systemically 
important under the Dodd-Frank Act. On July 18, 2012, the Council 
designated eight FMUs as systemically important under Title VIII of the 
Dodd-Frank Act.
    The collection of information under 12 CFR 1320.11 affords FMUs 
that are under consideration for designation, or rescission of 
designation, an opportunity to submit written materials to the Council 
in support of, or in opposition to, designation or rescission of 
designation. The collection of information under 12 CFR 1320.12 affords 
FMUs an opportunity to contest a proposed determination of the Council 
by requesting a hearing and submitting written materials (or, at the 
sole discretion of the Council, oral testimony and oral argument). The 
collection of information in 12 CFR 1320.14 affords FMUs an opportunity 
to contest the Council's waiver or modification of the notice, hearing, 
or other requirements contained in 12 CFR 1320.11 and 1320.12 by 
requesting a hearing and submitting written materials (or, at the sole 
discretion of the Council, oral testimony and oral argument). The 
information collected from FMUs under 12 CFR 1320.20 will be used by 
the Council to determine whether to designate an additional FMU or to 
rescind the designation of a designated FMU.
    Form: None.
    Affected Public: Businesses or other for-profit and not-for-profit 
organizations.
    Estimated Number of Respondents: 9.\1\
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    \1\ This estimate refers to the eight FMUs currently designated 
as systemically important under Title VIII, as well as one 
additional respondent for purposes of illustrating the burden 
associated with 12 CFR 1320.11, 12 CFR 1320.12, and 12 CFR 1320.14.
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    Frequency of Response: On Occasion.
    Estimated Total Number of Annual Responses: 11.\2\
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    \2\ This estimate refers to the eight FMUs currently designated 
as systemically important under Title VIII, as well as three 
additional responses for purposes of illustrating the burden 
associated with 12 CFR 1320.11, 12 CFR 1320.12, and 12 CFR 1320.14.
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    Estimated Time per Response: 50, hours, 20 hours, 10 hours, 10 
hours.\3\
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    \3\ The hour estimates refer, respectively, to information 
collections for respondents associated with 12 CFR 1320.20, 12 CFR 
1320.11, 12 CFR 1320.12, and 12 CFR 1320.14.
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    Estimated Total Annual Burden Hours: 440 hours.
    Request for Comments: Comments submitted in response to this notice 
will be summarized and included in the request for Office of Management 
and Budget approval. All comments will become a matter of public 
record. Comments are invited on: (a) Whether the collection of 
information is necessary for the proper performance of the functions of 
the agency, including whether the information shall have practical 
utility; (b) the accuracy of the agency's estimate of the burden of the 
collection of information; (c) ways to enhance the quality, utility, 
and clarity of the information to be collected; (d) ways to minimize 
the burden of the collection of information on respondents, including 
through the use of technology; and (e) estimates of capital or start-up 
costs and costs of operation, maintenance, and purchase of services 
required to provide information.

    Authority: 44 U.S.C. 3501 et seq.

    Dated: December 9, 2020.
Molly Stasko,
Treasury PRA Clearance Officer.
[FR Doc. 2020-27463 Filed 12-11-20; 8:45 am]
BILLING CODE 4810-25-P