Notice2022-07222
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
April 6, 2022
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 Interagency Policy Statement on Funding and Liquidity Risk Management (FR 4198; OMB No. 7100-0326).
Full Text
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<title>Federal Register, Volume 87 Issue 66 (Wednesday, April 6, 2022)</title>
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[Federal Register Volume 87, Number 66 (Wednesday, April 6, 2022)]
[Notices]
[Pages 19927-19928]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-07222]
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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 Interagency Policy Statement on Funding and Liquidity
Risk Management (FR 4198; OMB No. 7100-0326).
DATES: Comments must be submitted on or before June 6, 2022.
ADDRESSES: You may submit comments, identified by FR 4198, 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#f587909286db969a9898909b8186b59390919087949987908690878390db929a83"><span class="__cf_email__" data-cfemail="790b1c1e0a571a1614141c170d0a391f1c1d1c0b18150b1c0a1c0b0f1c571e160f">[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
M-4365A, 2001 C St. NW, Washington, DC 20551, 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
[[Page 19928]]
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: Interagency Policy Statement on Funding and Liquidity
Risk Management.
Agency form number: FR 4198.
OMB control number: 7100-0326.
Frequency: Annually.
Respondents: Bank holding companies, savings and loan holding
companies, state-licensed branches and agencies of foreign banks (other
than insured branches), corporations organized or operating under
sections 25 or 25A of the Federal Reserve Act (agreement corporations
and Edge corporations), and state member banks.
Estimated number of respondents: Implementation of Recordkeeping
Guidance, 37; Ongoing Recordkeeping, 4,646.
Estimated average hours per response: Implementation of
Recordkeeping Guidance, 1; Ongoing Recordkeeping, 1.
Estimated annual burden hours: 154,592.
General description of report: The Interagency Policy Statement on
Funding and Liquidity Risk Management (Guidance) was issued to provide
consistent interagency expectations on sound practices for managing
funding and liquidity risk. The Guidance includes a number of voluntary
recordkeeping provisions that apply to the respondents listed above.
The recordkeeping provisions relate to liquidity risk management
policies, procedures, and assumptions, and contingency funding plans.
Legal authorization and confidentiality: The recordkeeping
provisions of the Guidance are authorized pursuant to sections 9(6),
25, and 25A of the Federal Reserve Act \1\ (for state member banks,
agreement corporations, and Edge corporations, respectively); section
5(c) of the Bank Holding Company Act \2\ (for bank holding companies);
section 10(b)(3) of the Home Owners' Loan Act \3\ (savings and loan
holding companies), and section 7(c)(2) of the International Banking
Act \4\ (state-licensed branches and agencies of foreign banks, other
than insured branches). The FR 4198 recordkeeping provisions are
contained within guidance, which is nonbinding, and therefore are
voluntary.
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\1\ 12 U.S.C. 324, 602, and 625.
\2\ 12 U.S.C. 1844(c).
\3\ 12 U.S.C. 1467a(b)(3).
\4\ 12 U.S.C. 3105(c)(2).
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Because these records would be maintained at each banking
organization, 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 an examination or
supervision of a financial institution, this information may 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.\5\ In
addition, the information may also be kept confidential under exemption
4 for the FOIA, which protects public commercial or financial
information, which is both customarily and actually treated as private
by the respondent.\6\
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\5\ 5 U.S.C. 552(b)(8).
\6\ 5 U.S.C. 552(b)(4).
Board of Governors of the Federal Reserve System, April 1, 2022.
Margaret Shanks,
Deputy Secretary of the Board.
[FR Doc. 2022-07222 Filed 4-5-22; 8:45 am]
BILLING CODE 6210-01-P
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