Notice2021-25506
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
November 23, 2021
Issuing agencies
Federal Reserve System
Abstract
The Board of Governors of the Federal Reserve System (Board) invites comment on a proposal to extend, without revision, the Quarterly Savings and Loan Holding Company Report (FR 2320; OMB No. 7100-0345).
Full Text
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<title>Federal Register, Volume 86 Issue 223 (Tuesday, November 23, 2021)</title>
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[Federal Register Volume 86, Number 223 (Tuesday, November 23, 2021)]
[Notices]
[Pages 66554-66555]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-25506]
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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, without revision, the
Quarterly Savings and Loan Holding Company Report (FR 2320; OMB No.
7100-0345).
DATES: Comments must be submitted on or before January 24, 2022.
ADDRESSES: You may submit comments, identified by FR 2320, 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#9eecfbf9edb0fdf1f3f3fbf0eaeddef8fbfafbecfff2ecfbedfbece8fbb0f9f1e8"><span class="__cf_email__" data-cfemail="295b4c4e5a074a4644444c475d5a694f4c4d4c5b48455b4c5a4c5b5f4c074e465f">[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.
[[Page 66555]]
Proposal Under OMB Delegated Authority To Extend for Three Years,
Without Revision, the Following Information Collection
Report title: Quarterly Savings and Loan Holding Company Report.
Agency form number: FR 2320.
OMB control number: 7100-0345.
Frequency: Quarterly.
Respondents: Savings and loan holding companies (SLHCs).
Estimated number of respondents: 5.
Estimated average hours per response: 2.5.
Estimated annual burden hours: 50.
General description of report: The FR 2320 collects select parent
only and consolidated balance sheet and income statement financial data
and organizational structure data from SLHCs exempt from filing other
Federal Reserve regulatory reports. Specifically, the FR 2320 collects
data on the assets, liabilities, equity, and income of the
organization. In addition, the FR 2320 collects information about and
changes to the organization's subsidiaries, management, capital
structure, and operations.
Legal authorization and confidentiality: The FR 2320 is authorized
by section 10(b)(2) of the Home Owners' Loan Act (HOLA), which states
that ``each [SLHC] and each subsidiary thereof, other than a savings
association, shall file with the Board, such reports as may be required
by the Board.'' \1\ Section 10(b)(2) of HOLA also states that ``each
report shall contain such information concerning the operations of such
savings and loan holding company and its subsidiaries as the Board may
require.'' \2\
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\1\ 12 U.S.C. 1467a(b)(2).
\2\ Id.
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The FR 2320 is mandatory. Generally, in the case of tiered SLHCs
that are exempt SLHCs, only the top-tier SLHC must file the FR 2320 for
the consolidated SLHC organization. However, in certain cases, a lower-
tier SLHC may be required to file the FR 2320 instead of the top-tier
SLHC if it is determined by the district Federal Reserve Bank that the
lower-tier SLHC more closely reflects the risk profile, assets, and
liabilities of the subsidiary savings association(s). In addition,
lower-tier SLHCs may voluntarily file the FR 2320 or may be required to
file in addition to the top-tier SLHC if it is determined that such a
filing is necessary to accurately assess the impact that the activities
or financial condition of the lower-tier SLHC has on its subsidiary
savings association(s).
The information collected in response to line items 24, 25, and 26
is expected to be nonpublic commercial or financial information, which
is both customarily and actually treated as private by the respondent,
and thus may be kept confidential by the Board pursuant to exemption 4
of the Freedom of Information Act (FOIA).\3\ Although the remainder of
the FR 2320 is generally made available to the public upon request, a
reporting SLHC may request confidential treatment for responses to
other items pursuant to exemption 4 of the FOIA if those responses
contain nonpublic commercial or financial information, which is both
customarily and actually treated as private by the respondent.\4\
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\3\ 5 U.S.C. 552(b)(4).
\4\ Id.
Board of Governors of the Federal Reserve System, November 17,
2021.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2021-25506 Filed 11-22-21; 8:45 am]
BILLING CODE 6210-01-P
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