[Federal Register Volume 76, Number 53 (Friday, March 18, 2011)]
[Notices]
[Pages 14971-14972]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-6307]



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FEDERAL RESERVE SYSTEM


Proposed Agency Information Collection Activities; Comment 
Request

AGENCY: Board of Governors of the Federal Reserve System.

SUMMARY: Background. On June 15, 1984, the Office of Management and 
Budget (OMB) delegated to the Board of Governors of the Federal Reserve 
System (Board) its approval authority under the Paperwork Reduction Act 
(PRA), as per 5 CFR 1320.16, to approve of and assign OMB control 
numbers to collection of information requests and requirements 
conducted or sponsored by the Board under conditions set forth in 5 CFR 
part 1320 Appendix A.1. Board-approved collections of information are 
incorporated into the official OMB inventory of currently approved 
collections of information. Copies of the Paperwork Reduction Act 
Submission, supporting statements and approved collection of 
information instruments are placed into OMB's public docket files. The 
Federal Reserve may not conduct or sponsor, and the respondent is not 
required to respond to, an information collection that has been 
extended, revised, or implemented on or after October 1, 1995, unless 
it displays a currently valid OMB control number.

Request for Comment on Information Collection Proposal

    The following information collection, which is being handled under 
this delegated authority, has received initial Board approval and is 
hereby published for comment. At the end of the comment period, the 
proposed information collection, along with an analysis of comments and 
recommendations received, will be submitted to the Board for final 
approval under OMB delegated authority. Comments are invited on the 
following:
    a. Whether the proposed collection of information is necessary for 
the proper performance of the Federal Reserve's functions; including 
whether the information has practical utility;
    b. The accuracy of the Federal Reserve'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; and
    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.

DATES: Comments must be submitted on or before May 17, 2011.

ADDRESSES: You may submit comments, identified by FR 4100, by any of 
the following methods:
    <bullet> Agency Web Site: http://www.federalreserve.gov. Follow the 
instructions for submitting comments at http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm.
    <bullet> Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments.
    <bullet> E-mail: <a href="/cdn-cgi/l/email-protection#9fedfaf8ecb1fcf0f2f2faf1ebecdff9fafbfaedfef3edfaecfaede9fab1f8f0e9"><span class="__cf_email__" data-cfemail="addfc8cade83cec2c0c0c8c3d9deedcbc8c9c8dfccc1dfc8dec8dfdbc883cac2db">[email protected]</span></a>. Include docket 
number in the subject line of the message.
    <bullet> FAX: 202/452-3819 or 202/452-3102.
    <bullet> Mail: Jennifer J. Johnson, 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 Web site at 
http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm as 
submitted, unless modified for technical reasons. Accordingly, your 
comments will not be edited to remove any identifying or contact 
information. Public comments may also be viewed electronically or in 
paper form in Room MP-500 of the Board's Martin Building (20th and C 
Streets, NW.) between 9 a.m. and 5 p.m. on weekdays.
    Additionally, commenters should send a copy of their comments to 
the OMB Desk Officer by mail to the Office of Information and 
Regulatory Affairs, U.S. 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: A copy of the PRA OMB submission, 
including the proposed reporting form and instructions, supporting 
statement, and other documentation will be placed into OMB's public 
docket files, once approved. These documents will also be made 
available on the Federal Reserve Board's public Web site at: http://www.federalreserve.gov/boarddocs/reportforms/review.cfm or may be 
requested from the agency clearance officer, whose name appears below.
    Cynthia Ayouch, Acting Federal Reserve Board Clearance Officer 
(202-452-3829), Division of Research and Statistics, Board of Governors 
of the Federal Reserve System, Washington, DC 20551. Telecommunications 
Device for the Deaf (TDD) users may contact (202-263-4869), Board of 
Governors of the Federal Reserve System, Washington, DC 20551.
    Proposal to approve under OMB delegated authority the extension for 
three years, without revision, of the following report:
    Report title: The Recordkeeping and Disclosure Requirements 
Associated with the Guidance on Response Programs for Unauthorized 
Access to Customer Information.
    Agency form number: FR 4100.
    OMB control number: 7100-0309.
    Frequency: Develop customer notice, one-time; Incident 
notification, event-generated.
    Reporters: Financial institutions.
    Estimated annual reporting hours: Develop response program, 2,544 
hours; Incident notification, 2,952 hours.
    Estimated average hours per response: Develop response program, 24 
hours; Incident notification, 36 hours.
    Number of respondents: Develop response program, 106; Incident 
notification, 82.
    General description of report: This information collection is 
mandatory (15 U.S.C. 6801(b)). Since the Federal Reserve does not 
collect information associated with the FR 4100, confidentiality would 
not generally be an issue. However, confidentiality issues may arise if 
the Federal Reserve were to obtain a copy of a customer notice during 
the course of an examination or were to receive a copy of a Suspicious 
Activity Report (SAR; FR 2230; OMB No. 7100-0212). In such cases the 
information would be exempt from disclosure to the public under the 
Freedom of Information Act (5 U.S.C. 552(b)(3), (4), and (8)). Also, a 
federal employee is prohibited by law from disclosing an SAR or the 
existence of an SAR (31 U.S.C. 5318(g)).
    Abstract: The FR 4100 is the information collection associated with 
the Interagency Guidance on Response Programs for Unauthorized Access 
to Customer Information and Customer Notice (security guidelines), 
which was published in the Federal Register in March 2005 (70 FR 
15736). Trends in customer information theft and the accompanying 
misuse of that information led to the issuance of these security 
guidelines applicable to financial institutions. The security 
guidelines are designed to facilitate timely and relevant notification 
to affected customers and the appropriate regulatory authority of the 
financial institutions. The security guidelines provide specific 
direction regarding the

[[Page 14972]]

development of response programs and customer notifications.

    Board of Governors of the Federal Reserve System, March 14, 
2011.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 2011-6307 Filed 3-17-11; 8:45 am]
BILLING CODE 6210-01-P


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