[Federal Register Volume 86, Number 198 (Monday, October 18, 2021)]
[Notices]
[Pages 57672-57673]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-22589]


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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 Report of Institution-to-Aggregate Granular Data on 
Assets and Liabilities on an Immediate Counterparty Basis (FR 2510; OMB 
No. 7100-0376).

DATES: Comments must be submitted on or before December 17, 2021.

ADDRESSES: You may submit comments, identified by FR 2510, 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 or FR 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 confidential 
business information, identifying information, 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 for the Federal 
Reserve Board, 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 Paperwork Reduction Act (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.
    During the comment period for this proposal, a copy of the proposed 
PRA OMB submission, including the draft reporting form and 
instructions, supporting statement, and other documentation, will 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. Final 
versions of these documents will be made available at https://www.reginfo.gov/public/do/PRAMain, if approved.

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: Report of Institution-to-Aggregate Granular Data on 
Assets and Liabilities on an Immediate Counterparty Basis.
    Agency form number: FR 2510.
    OMB control number: 7100-0376.
    Frequency: Quarterly.
    Respondents: Any bank holding company (BHC) that is organized under 
the laws of the United States or any U.S. state and that is identified 
as a global systemically important bank (G-SIB) holding company under 
the Board's Regulation Q.
    Estimated number of respondents: 8.
    Estimated average hours per response: 568.
    Estimated annual burden hours: 18,176.
    General description of report: The FR 2510 collects granular 
exposure data on the assets, liabilities, and off-balance sheet 
holdings of G-SIBs, providing breakdowns by country, instrument, 
currency, maturity, sector, and other factors, and also collects 
country exposure data on an immediate counterparty basis and detailed 
information on firms' derivatives exposures. The information collected 
by the FR 2510 supports the Board's supervision of U.S. G-SIBs by 
allowing for a more complete balance sheet analysis of these firms, and 
allows the Board to more closely monitor the systemic impacts of such 
firms' activities and investments.
    Legal authorization and confidentiality: The FR 2510 is authorized 
by section 5 of the Bank

[[Page 57673]]

Holding Company Act (BHC Act). Section 5 of the BHC Act authorizes the 
Board to require a bank holding company and any subsidiary of such 
company to submit reports under oath to keep the Board informed as to 
its financial condition, systems for monitoring and controlling 
financial and operating risks, and transactions with depository 
institution subsidiaries of the bank holding company.\1\ The FR 2510 is 
mandatory for U.S. G-SIBs.
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    \1\ 12 U.S.C. 1844(c)(1)(A).
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    The information collected in the FR 2510 is collected as part of 
the Board's supervisory process, and is therefore considered 
confidential pursuant to exemption 8 of the Freedom of Information Act 
(FOIA), which protects information contained in ``examination, 
operating, or condition reports'' obtained in the bank supervisory 
process. In addition, individual respondents may request that 
information be kept confidential pursuant to exemption 4 of the FOIA, 
which protects nonpublic commercial or financial information, which is 
both customarily and actually treated as private by the respondent. 
Determinations of confidentiality based on exemption 4 of the FOIA 
would be made on a case-by-case basis.

    Board of Governors of the Federal Reserve System, October 12, 
2021.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2021-22589 Filed 10-15-21; 8:45 am]
BILLING CODE 6210-01-P