[Federal Register Volume 86, Number 100 (Wednesday, May 26, 2021)]
[Notices]
[Pages 28345-28346]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-11138]


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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 Policy Impact Survey (FR 3075; OMB No. 7100-0362).

DATES: Comments must be submitted on or before July 26, 2021.

ADDRESSES: You may submit comments, identified by FR 3075, 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: 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.
    A copy of the Paperwork Reduction Act (PRA) OMB submission, 
including the reporting form and instructions,

[[Page 28346]]

supporting statement, and other documentation will be available at 
https://www.reginfo.gov/public/do/PRAMain, 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 above.

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: Policy Impact Survey.
    Agency form number: FR 3075.
    OMB control number: 7100-0362.
    Frequency: On occasion.
    Respondents: Bank holding companies (BHCs), savings and loan 
holding companies (SLHCs), any nonbank financial company 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: 700.
    Estimated annual burden hours: 68,600.
    General description of report: This survey collects information 
from certain types of 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. The Board uses the 
survey to collect information used for certain quantitative impact 
studies (QISs) \1\ sponsored by financial stability bodies 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,\2\ the global systemically important bank (G-SIB) exercise, 
which assesses firms' systemic risk profiles,\3\ and a survey of the 
domestic systemic risk footprint of large foreign banking 
organizations. Since the collected data may change from survey to 
survey, there is no fixed reporting form.
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    \1\ A QIS is a survey of financial institutions that allows 
supervisors to assess the quantitative impact of policy changes.
    \2\ For more information on the Basel III monitoring exercise, 
including recent examples of QISs sponsored by BCBS and conducted by 
the Board, see www.bis.org/bcbs/qis/.
    \3\ For more information on the G-SIB exercise, see www.bis.org/bcbs/gsib/.
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    Legal authorization and confidentiality: Information collected 
under the FR 3075 is authorized by the Board's reporting authorities, 
which are located in section 5(c) of the Bank Holding Company Act \4\ 
for bank holding companies and their subsidiaries, section 10(b)(2) of 
the Home Owners' Loan Act \5\ for savings and loan holding companies 
and their subsidiaries, section 161(a) of the Dodd-Frank Act \6\ for 
nonbank financial companies supervised by the Board, section 8(a) of 
the International Banking Act and section 5(c) of the Bank Holding 
Company Act \7\ for the combined domestic operations of certain foreign 
banking organizations, section 9 of the Federal Reserve Act \8\ for 
state member banks, sections 25 and 25A of the Federal Reserve Act \9\ 
for Edge and agreement corporations, and section 7(c)(2) of the 
International Banking Act and section 7(a) of the Federal Deposit 
Insurance Act \10\ for U.S. branches and agencies of foreign banks. 
Response to the FR 3075 is voluntary.
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    \4\ 12 U.S.C. 1844(c).
    \5\ 12 U.S.C. 1467a(b)(2).
    \6\ 12 U.S.C. 5361(a).
    \7\ 12 U.S.C. 3106(a) and 1844(c).
    \8\ 12 U.S.C. 324.
    \9\ 12 U.S.C. 602 and 625.
    \10\ 12 U.S.C. 3105(c)(2) and 1817(a).
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    The questions asked on each survey will vary. The Board's ability 
to keep confidential responses to the FR 3075 must therefore be 
determined on a case-by-case basis. To the extent responses include 
nonpublic commercial or financial information, which is both 
customarily and actually treated as private by the respondent, such 
information may be kept confidential pursuant to exemption 4 of the 
Freedom of Information Act (FOIA).\11\ Some survey responses may also 
contain information contained in or related to an examination of a 
financial institution, which may be kept confidential under exemption 8 
of FOIA.\12\ To the extent a respondent submits personal, medical, or 
similar files, the disclosure of which would constitute an unwarranted 
invasion of privacy, the respondent may request confidential treatment 
pursuant to exemption 6 of the FOIA.\13\
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    \11\ 5 U.S.C. 552(b)(4).
    \12\ 5 U.S.C. 552(b)(8).
    \13\ 5 U.S.C. 552(b)(6).
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    Aggregate survey information from the FR 3075 is not considered 
confidential and may be cited in published material such as Board 
studies or working papers, proposed or final rules, professional 
journals, the Federal Reserve Bulletin, testimony and reports to the 
Congress, or other vehicles.

    Board of Governors of the Federal Reserve System, May 20, 2021.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2021-11138 Filed 5-25-21; 8:45 am]
BILLING CODE 6210-01-P