[Federal Register Volume 86, Number 109 (Wednesday, June 9, 2021)]
[Notices]
[Pages 30603-30604]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-12087]


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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 Basel II Interagency Pillar 2 Supervisory Guidance (FR 
4199; OMB No. 7100-0320).

DATES: Comments must be submitted on or before August 9, 2021.

ADDRESSES: You may submit comments, identified by FR 4199 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

[[Page 30604]]

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, 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: Basel II Interagency Pillar 2 Supervisory Guidance.
    Agency form number: FR 4199.
    OMB control number: 7100-0320.
    Frequency: As needed.
    Respondents: State member banks and bank holding companies (BHCs) 
that use the advanced approaches framework.
    Estimated number of respondents: 15.
    Estimated average hours per response: 420.
    Estimated annual burden hours: 6,300.
    General description of report: The Pillar 2 Guidance is intended to 
assist banking organizations that are subject to the Basel II advanced 
approaches capital adequacy framework (advanced approaches framework) 
in applying that framework. Advanced approaches banking organizations 
are required to use an internal ratings-based approach to calculate 
regulatory credit risk capital requirements and advanced measurement 
approaches to calculate regulatory operational risk capital 
requirements. Banking organizations are required to meet certain 
qualification requirements before they can use the advanced approaches 
framework for risk-based capital purposes. The Pillar 2 Guidance sets 
the expectation that such organizations maintain certain documentation 
as described in paragraphs 37, 41, 43, and 46 of this portion of the 
guidance.
    Legal authorization and confidentiality: The collection of 
information is authorized pursuant to sections 9 and 11 of the Federal 
Reserve Act, section 5 of the Bank Holding Company Act of 1956, and 
section 161 of the Dodd-Frank Wall Street Reform and Consumer 
Protection Act. The FR 4199 is voluntary.
    Because the collections of information associated with the guidance 
is maintained by each institution, the Freedom of Information Act 
(FOIA) would only be implicated if the Board obtained such records as 
part of the examination or supervision of a banking organization. In 
the event the records are obtained by the Board as part of the 
examination or supervision of a financial institution, this information 
would be considered confidential pursuant to exemption 8 of the FOIA, 
which protects information contained in ``examination, operating, or 
condition reports'' obtained in the bank supervisory process. In 
addition, the information may also be kept confidential under exemption 
4 of the FOIA, which protects trade secrets and commercial or financial 
information obtained from a person that is both customarily and 
actually treated as private by the respondent.
    Consultation outside the agency: The Board has consulted with the 
Federal Deposit Insurance Corporation and the Office of the Comptroller 
of the Currency and confirmed that there will be no revisions to the 
guidance, and no revision to the time per response estimates.

    Board of Governors of the Federal Reserve System, June 4, 2021.
Ann Misback,
Secretary of the Board.
[FR Doc. 2021-12087 Filed 6-8-21; 8:45 am]
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