Notice2022-16475
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
August 2, 2022
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 Inter-agency Guidance on Funding Liquidity Risk Management (FR 4198; OMB No. 7100-0326).
Full Text
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<title>Federal Register, Volume 87 Issue 147 (Tuesday, August 2, 2022)</title>
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[Federal Register Volume 87, Number 147 (Tuesday, August 2, 2022)]
[Notices]
[Pages 47211-47212]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-16475]
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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
Inter-agency Guidance on Funding Liquidity Risk Management (FR 4198;
OMB No. 7100-0326).
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, <a href="/cdn-cgi/l/email-protection#84eaf1ece5aae1e8e9e5e3ecf6e5e6edc4e2f6e6aae3ebf2"><span class="__cf_email__" data-cfemail="96f8e3fef7b8f3fafbf7f1fee4f7f4ffd6f0e4f4b8f1f9e0">[email protected]</span></a>, (202)
452-3884.
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.
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. 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
Collection title: Inter-agency Guidance on Funding Liquidity Risk
Management.
[[Page 47212]]
Collection identifier: 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, 160; Ongoing Recordkeeping, 32.
Estimated annual burden hours: 154,592.
General description of collection: 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 of the FOIA, which protects nonpublic 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).
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Current actions: On April 6, 2022, the Board published a notice in
the Federal Register (87 FR 19927) requesting public comment for 60
days on the extension, without revision, of the FR 4198. The comment
period for this notice expired on June 6, 2022. The Board did not
receive any comments.
Board of Governors of the Federal Reserve System, July 27, 2022.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2022-16475 Filed 8-1-22; 8:45 am]
BILLING CODE 6210-01-P
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