[Federal Register Volume 84, Number 21 (Thursday, January 31, 2019)]
[Notices]
[Pages 716-717]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-00367]


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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 Registration of a Securities Holding Company (FR 2082; 
OMB No. 7100-0347).

DATES: Comments must be submitted on or before April 1, 2019.

ADDRESSES: You may submit comments, identified by FR 2082, by any of 
the following methods:
    <bullet> Agency Website: http://www.federalreserve.gov. Follow the 
instructions for submitting comments at https://www.federalreserve.gov/apps/foia/proposedregs.aspx.
    <bullet> Email: <a href="/cdn-cgi/l/email-protection#5a283f3d2974393537373f342e291a3c3f3e3f283b36283f293f282c3f743d352c"><span class="__cf_email__" data-cfemail="beccdbd9cd90ddd1d3d3dbd0cacdfed8dbdadbccdfd2ccdbcddbccc8db90d9d1c8">[email protected]</span></a>. Include OMB 
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 
https://www.federalreserve.gov/apps/foia/proposedregs.aspx as 
submitted, unless modified for technical reasons or to remove sensitive 
PII (personally identifiable information) at the commenter's request. 
Public comments may also be viewed electronically or in paper form in 
Room 3515, 1801 K Street NW (between 18th and 19th Streets 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

[[Page 717]]

order to inspect and photocopy comments.
    Additionally, commenters may send a copy of their comments to the 
OMB Desk Officer--Shagufta Ahmed--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: 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, if approved. These documents will also be made available 
on the Board's public website at: http://www.federalreserve.gov/apps/reportforms/review.aspx or may be requested from the agency clearance 
officer, whose name appears below.
    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. Telecommunications Device 
for the Deaf (TDD) users may contact (202) 263-4869, Board of Governors 
of the Federal Reserve System, Washington, DC 20551.

SUPPLEMENTARY INFORMATION: On June 15, 1984, the Office of Management 
and Budget (OMB) delegated to the Board authority under the Paperwork 
Reduction Act (PRA) to approve and assign OMB control numbers to 
collection of information requests and requirements 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.
    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 to approve under OMB delegated authority the extension for 
three years, without revision, of the following report:
    Report title: Registration of a Securities Holding Company.
    Agency form number: FR 2082.
    OMB control number: 7100-0347.
    Frequency: On occasion.
    Respondents: Securities holding companies (SHCs).
    Estimated number of respondents: 1.
    Estimated average hours per response: 8.
    Estimated annual burden hours: 8.
    General description of report: Section 241.3(a)(1) of the Board's 
Regulation OO requires SHCs that elect to register to become supervised 
SHCs to file the appropriate registration form with the responsible 
Federal Reserve Bank. The registration form, FR 2082, requests from the 
registering SHC an organization chart (including all subsidiaries), 
shareholder reports and financial statements, information regarding the 
SHC's shareholders, senior officers and directors, information 
regarding the methods used by the SHC to monitor and control its 
operations, and information regarding the SHC's foreign bank 
subsidiaries and the bank regulatory system in which these foreign bank 
subsidiaries operate. The information collected by the FR 2082 
registration form is used by the Federal Reserve System to determine 
whether the registrant meets the requirements to become a supervised 
SHC and to complete the registration. This information is not available 
from another source.\1\
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    \1\ The previous final Federal Register notice for the FR 2082 
included a reference to section 241.3(b)(3)(i) of Regulation OO. 
This reference has been removed, because section 241.3(b)(3)(i) of 
Regulation OO does not include a collection of information. The 
removal of this reference does not impact the total annual burden 
estimate for the FR 2082, as no burden was associated with section 
241.3(b)(3)(i) of Regulation OO.
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    Legal authorization and confidentiality: The FR 2082 registration 
form implemented by section 241.3(a) of Regulation OO, 12 CFR 241.3(a), 
is authorized by section 618(b)(2)(A) of the Dodd-Frank Act, 12 U.S.C. 
1850a(b)(2)(A). Section 618(b)(2)(A) requires covered companies that 
elect to be supervised by the Board ``to register by filing with the 
Board of Governors such information and documents as the [Board], by 
regulation, may prescribe as necessary.'' The obligation to submit the 
FR 2082 registration form is required for covered companies that elect 
to register to become supervised SHCs on a one-time basis.
    The information provided on the FR 2082 registration form and in 
connection with the SHC's registration is considered public. However, 
certain personal and biographical information on individuals, which is 
required to be submitted as part of the registration, may be treated as 
confidential under exemption 6 of the Freedom of Information Act 
(``FOIA''), which protects from disclosure information that ``would 
constitute a clearly unwarranted invasion of personal privacy'' (5 
U.S.C. 552(b)(6)). In addition, certain information submitted in 
connection with the SHC's registration may be exempt from disclosure 
under exemption 4 of the FOIA, which protects confidential commercial 
or financial information that is reasonably likely to result in 
substantial competitive harm if disclosed (5 U.S.C. 552(b)(4)). If an 
SHC seeks confidential treatment of any information submitted as part 
of its registration under exemption 4 of the FOIA, the SHC must submit 
such a request in accordance with section 261.15 of the Board's Rules 
Regarding Availability of Information (12 CFR 261.15). In addition, 
information for which confidential treatment is sought under exemption 
4 or 6 of the FOIA must be labelled as confidential, and a request for 
confidential treatment must be submitted in writing concurrently with 
the filing of the registration (or related submissions). The 
confidential treatment request must provide a detailed justification as 
to why confidential treatment is warranted for each portion of the 
registration (or submission) for which confidentiality is requested.

    Board of Governors of the Federal Reserve System, January 17, 
2019.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2019-00367 Filed 1-30-19; 8:45 am]
BILLING CODE 6210-01-P


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