Notice2022-14547
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
July 8, 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 Securities of State Member Banks as Required by Regulation H (FR H-1; OMB No. 7100-0091).
Full Text
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<title>Federal Register, Volume 87 Issue 130 (Friday, July 8, 2022)</title>
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[Federal Register Volume 87, Number 130 (Friday, July 8, 2022)]
[Notices]
[Pages 40841-40842]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-14547]
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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 Securities of State Member Banks as Required by
Regulation H (FR H-1; OMB No. 7100-0091).
DATES: Comments must be submitted on or before September 6, 2022.
ADDRESSES: You may submit comments, identified by FR H-1, 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#a9dbccceda87cac6c4c4ccc7dddae9cfcccdccdbc8c5dbccdaccdbdfcc87cec6df"><span class="__cf_email__" data-cfemail="582a3d3f2b763b3735353d362c2b183e3d3c3d2a39342a3d2b3d2a2e3d763f372e">[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: Federal Reserve Board of Governors, Attn: Ann E.
Misback, Secretary of the Board, Mailstop M-4775, 2001 C St. 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 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
Collection title: Securities of State Member Banks as Required by
Regulation H.
Collection identifier: FR H-1.
OMB control number: 7100-0091.
Frequency: Annually, quarterly, and on occasion.
[[Page 40842]]
Respondents: State member banks (SMBs).
Estimated number of respondents: 2.
Estimated average hours per response: Reporting: Form 10 (17 CFR
249.210): 219.53; Form 8-A (17 CFR 249.208a): 3; Regulation 12B (17 CFR
240.12b-1 through 240.12b-37): 1; Rule 13e-l (17 CFR 240.13e-1): 13;
Regulation 14D (17 CFR 240.14d-1 through 240.14d-103) & Schedule 14D-9
(17 CFR 240.14d-101): 65.14; Form 8-K (17 CFR 249.308): 9.21; Form 10-Q
(17 CFR 249.308a): 185.08; Form 10-K (17 CFR 249.310): 2,281.4;
Reporting and Disclosure: Rule 13e-3 (17 CFR 240.13e) & Schedule 13E-3
(17 CFR 240.13e-100): 34.36; Regulation 14A (17 CFR 240.14a-1 et seq.)
& Schedule 14A (17 CFR 240.14a-101): 12.75; Regulation 14C (17 CFR
240.14c-1 et seq.) & Schedule 14C (17 CFR 240.14c-101): 98.2; Rule 14f-
l (17 CFR 240.14f-l): 2; Rule 12b-25 (17 CFR 240.12b-25) & Form 12b-25
(17 CFR 249.322): 2.5; Form 15 (17 CFR 249.323): 1.5; Disclosure: Form
3 (17 CFR 240.16a-3(k)): 0.5; Form 4 (17 CFR 240.16a-3(k)): 0.5; Form 5
(17 CFR 240.16a-3(k)): 1.
Estimated annual burden hours: Reporting: Form 10 (17 CFR 249.210):
439; Form 8-A (17 CFR 249.208a): 6; Regulation 12B (17 CFR 240.12b-1
through 240.12b-37): 2; Rule 13e-l (17 CFR 240.13e-1): 26; Regulation
14D (17 CFR 240.14d-1 through 240.14d-103) & Schedule 14D-9 (17 CFR
240.14d-101): 130; Form 8-K (17 CFR 249.308): 18; Form 10-Q (17 CFR
249.308a): 1,110; Form 10-K (17 CFR 249.310): 4,563; Reporting and
Disclosure: Rule 13e-3 (17 CFR 240.13e) & Schedule 13E-3 (17 CFR
240.13e-100): 69; Regulation 14A (17 CFR 240.14a-1 et seq.) & Schedule
14A (17 CFR 240.14a-101): 26; Regulation 14C (17 CFR 240.14c-1 et seq.)
& Schedule 14C (17 CFR 240.14c-101): 196; Rule 14f-l (17 CFR 240.14f-
l): 4; Rule 12b-25 (17 CFR 240.12b-25) & Form 12b-25 (17 CFR 249.322):
5; Form 15 (17 CFR 249.323): 3; Disclosure: Form 3 (17 CFR 240.16a-
3(k)): 1; Form 4 (17 CFR 240.16a-3(k)): 35; Form 5 (17 CFR 240.16a-
3(k)): 16.
General description of collection: The Board's Regulation H
requires SMBs whose securities are subject to registration pursuant to
the Securities Exchange Act of 1934 (Exchange Act) to disclose certain
information to shareholders and securities exchanges and to report
information relating to their securities to the Board using forms
adopted by the Securities and Exchange Commission (SEC) and in
compliance with certain rules and regulations adopted by the SEC.
Legal authorization and confidentiality: The FR H-1 is authorized
under sections 12(c) and 23(a)(1) of the Exchange Act. The FR H-1 is
also authorized by section 11 of the Federal Reserve Act, which
authorizes the Board to require such statements and reports of SMBs as
the Board may deem necessary.\1\ The FR H-1 is mandatory for SMBs whose
securities are subject to registration pursuant to the Exchange Act.
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\1\ 12 U.S.C. 248(1)(1).
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Reports filed with the Board under the FR H-1 must be available for
public inspection under Regulation H.\2\ An SMB may request
confidential treatment for information contained within a report in
accordance with the procedures established in Regulation H.\3\
Information may be kept confidential to the extent it is nonpublic
commercial or financial information that is both customarily and
actually treated as private within the meaning of exemption 4 of the
Freedom of Information Act (FOIA). Information collected on the FR H-1
may also be kept confidential if it is obtained as part of an
examination or supervision of a financial institution within the
meaning of exemption 8 of the FOIA.
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\2\ 12 CFR 208.36(c)(3).
\3\ 12 CFR 208.36(d).
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Consultation outside the agency: The reporting and disclosure
requirements discussed in this supporting statement were promulgated by
the SEC. The Board has consulted with the SEC to confirm our
coordinated burden estimates.
Board of Governors of the Federal Reserve System, June 30, 2022.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2022-14547 Filed 7-7-22; 8:45 am]
BILLING CODE 6210-01-P
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