Notice2021-22589
Proposed Agency Information Collection Activities; Comment Request
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
October 18, 2021
Issuing agencies
Federal Reserve System
Abstract
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).
Full Text
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<title>Federal Register, Volume 86 Issue 198 (Monday, October 18, 2021)</title>
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[Federal Register Volume 86, Number 198 (Monday, October 18, 2021)]
[Notices]
[Pages 57672-57673]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[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:
<bullet> Agency Website: <a href="https://www.federalreserve.gov/">https://www.federalreserve.gov/</a>. Follow
the instructions for submitting comments at <a href="https://www.federalreserve.gov/apps/foia/proposedregs.aspx">https://www.federalreserve.gov/apps/foia/proposedregs.aspx</a>.
<bullet> Email: <a href="/cdn-cgi/l/email-protection#790b1c1e0a571a1614141c170d0a391f1c1d1c0b18150b1c0a1c0b0f1c571e160f"><span class="__cf_email__" data-cfemail="22504745510c414d4f4f474c5651624447464750434e504751475054470c454d54">[email protected]</span></a>. Include the OMB
number or FR number in the subject line of the message.
<bullet> Fax: (202) 452-3819 or (202) 452-3102.
<bullet> 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
<a href="https://www.federalreserve.gov/apps/foia/proposedregs.aspx">https://www.federalreserve.gov/apps/foia/proposedregs.aspx</a> 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 <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
versions of these documents will be made available at <a href="https://www.reginfo.gov/public/do/PRAMain">https://www.reginfo.gov/public/do/PRAMain</a>, 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
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