Notice2021-12090
Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
June 9, 2021
Issuing agencies
Federal Reserve System
Abstract
The Board of Governors of the Federal Reserve System (Board) is adopting a proposal to extend for three years, without revision, the Recordkeeping Requirements Associated with Changes in Foreign Investments (Made Pursuant to Regulation K) (FR 2064; OMB No. 7100- 0109).
Full Text
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<title>Federal Register, Volume 86 Issue 109 (Wednesday, June 9, 2021)</title>
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[Federal Register Volume 86, Number 109 (Wednesday, June 9, 2021)]
[Notices]
[Pages 30606-30607]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-12090]
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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
Recordkeeping Requirements Associated with Changes in Foreign
Investments (Made Pursuant to Regulation K) (FR 2064; OMB No. 7100-
0109).
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.
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. The OMB
inventory, as well as copies of the PRA Submission, supporting
statements, and approved collection of information instrument(s) are
available at <a href="https://www.reginfo.gov/public/do/PRAMain">https://www.reginfo.gov/public/do/PRAMain</a>. These documents
are also available on the Federal Reserve Board's public website at
<a href="https://www.federalreserve.gov/apps/reportforms/review.aspx">https://www.federalreserve.gov/apps/reportforms/review.aspx</a> or may be
requested from the agency clearance officer, whose name appears above.
Final Approval Under OMB Delegated Authority of the Extension for Three
Years, Without Revision, of the Following Information Collection
Report title: Recordkeeping Requirements Associated with Changes in
Foreign Investments (Made Pursuant to Regulation K).
Agency form number: FR 2064.
OMB control number: 7100-0109.
Frequency: On occasion.
Respondents: Internationally active U.S. banking organizations
(member banks, Edge Act and agreement corporations, and bank holding
companies).
Estimated number of respondents: 20.
Estimated average hours per response: 2.
Estimated annual burden hours: 160.
General description of report: This collection concerns internal
records that internationally active U.S. banking organizations (such as
internationally active member banks, Edge Act and agreement
corporations, and bank holding companies) should maintain to
demonstrate compliance with the investment provisions contained in
Subpart A of Regulation K--International Banking Operations.
Legal authorization and confidentiality: The FR 2064 is authorized
pursuant to section 5(c) of the Bank Holding Company Act; \1\ and
sections 25(7) and 25A(17) of the Federal Reserve Act.\2\ The
institutions' obligation to retain the records is mandatory.
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\1\ 12 U.S.C. 1844(c).
\2\ 12 U.S.C. 602 and 625.
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The records related to the FR 2064 are retained at banking
organizations. However, in the event the records are obtained by the
Board as part of an examination or supervision of a financial
institution, this information may be 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.\3\ Additionally, to
the extent that such information obtained by the Board constitutes
nonpublic commercial or financial information, which is both
customarily and actually treated as private by the financial
institution, the financial institution may request confidential
treatment pursuant to exemption 4 of the FOIA.\4\
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\3\ 5 U.S.C. 552(b)(8).
\4\ 5 U.S.C. 552(b)(4).
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Current actions: On February 17, 2021, the Board published an
initial notice in the Federal Register (86 FR 9938) requesting public
comment for 60 days on the extension, without revision, of the FR 2064.
The comment period for this notice expired on April 19, 2021. The Board
did not receive any comments. The Board will adopt the extension,
without revision, of the FR 2064 as originally proposed.
[[Page 30607]]
Board of Governors of the Federal Reserve System, June 4, 2021.
Ann Misback,
Secretary of the Board.
[FR Doc. 2021-12090 Filed 6-8-21; 8:45 am]
BILLING CODE 6210-01-P
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