8014 Federal Register / Vol. 86, No. 21 / Wednesday, February 3, 2021 / Notices 

1 12 U.S.C. 1844(c). 

2 12 U.S.C. 602 and 12 U.S.C. 625. 

3 12 U.S.C. 248(a)(1) and (2). 

FEDERAL RESERVE SYSTEM 

Proposed Agency Information 

Collection Activities; Comment 

Request 

AGENCY: Board of Governors of the 

Federal Reserve System. 

ACTION: Notice, request for comment. 

SUMMARY: The Board of Governors of the 

Federal Reserve System (Board) invites 

comment on a proposal to extend for 

three years, without revision, the 

Quarterly Report of Assets and 

Liabilities of Large Foreign Offices of 

U.S. Banks (FR 2502q; OMB No. 7100– 

0079). 

DATES: Comments must be submitted on 

or before April 5, 2021. 

ADDRESSES: You may submit comments, 

identified by FR 2502q, by any of the 

following methods: 

• Agency Website: https://

www.federalreserve.gov/. Follow the 

instructions for submitting comments at 

https://www.federalreserve.gov/apps/ 

foia/proposedregs.aspx. 

• Email: regs.comments@

federalreserve.gov. Include the OMB 

number in the subject line of the 

message. 

• FAX: (202) 452–3819 or (202) 452– 

3102. 

• 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 personally identifiable 

information at the commenter’s request. 

Accordingly, comments will not be 

edited to remove any identifying or 

contact information. Public comments 

may also be viewed electronically or in 

paper in Room 146, 1709 New York 

Avenue 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 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—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: 

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 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. 

A copy of the Paperwork Reduction 

Act (PRA) OMB submission, including 

the reporting form and instructions, 

supporting statement, and other 

documentation will be available at 

https://www.reginfo.gov/public/do/ 

PRAMain, if approved. These 

documents will also be made available 

on the Board’s public website at https:// 

www.federalreserve.gov/apps/ 

reportforms/review.aspx or may be 

requested from the agency clearance 

officer, whose name appears above. 

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 

Report title: Quarterly Report of 

Assets and Liabilities of Large Foreign 

Offices of U.S. Banks. 

Agency form number: FR 2502q. 

OMB control number: 7100–0079. 

Frequency: Quarterly. 

Respondents: U.S. commercial banks, 

bank holding companies (including 

financial holding companies), and Edge 

Act and agreement corporations. 

Estimated number of respondents: 23. 

Estimated average hours per response: 

1. 

Estimated annual burden hours: 92. 

General description of report: U.S. 

commercial banks, bank holding 

companies, and Edge Act and agreement 

corporations are required to file the FR 

2502q reporting form, on a quarterly 

basis, for their large branches (those that 

have assets of $2 billion or more) and 

banking subsidiaries (those that have 

assets of $2 billion or more and deposits 

of $10 million or more) that are located 

in the United Kingdom or the 

Caribbean. The Board has an interest in 

knowing the amounts of the claims and 

liabilities of U.S.-chartered banks with 

respect to residents of individual 

countries. 

Legal authorization and 

confidentiality: The Board is authorized 

to collect the information in FR 2502q 

from (1) bank holding companies 

pursuant to section 5 of the Bank 

Holding Company Act,1 which 

authorizes the Board to require a bank 

holding company and any subsidiary to 

submit reports; (2) Edge Act and 

agreement corporations pursuant to 

sections 25(4) and 25A(17) of the 

Federal Reserve Act (FRA),2 which 

authorize the Board to require Edge and 

agreement corporations to make reports 

to the Board; and (3) depository 

institutions pursuant to sections 11(a)(1) 

and (2) of the FRA,3 which authorize the 

Board to require reports from each 

member bank as it may deem necessary 

and to require reports of liabilities and 

assets from insured depository 

institutions to enable the Board to 

discharge its responsibility to monitor 

and control monetary and credit 

aggregates. 

The FR 2502q report is mandatory. To 

the extent that the information from this 


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Federal Register / Vol. 86, No. 21 / Wednesday, February 3, 2021 / Notices 8015 

4 5 U.S.C. 552(b)(4). 1 31 U.S.C. 5364(a). 

collection obtained by the Board 

constitutes nonpublic commercial or 

financial information, which is both 

customarily and actually treated as 

private by the financial institution, the 

financial institution may request 

confidential treatment pursuant to 

exemption 4 of the Freedom of 

Information Act.4

Board of Governors of the Federal Reserve 

System, January 28, 2021. 

Michele Taylor Fennell, 

Deputy Associate Secretary of the Board. 

[FR Doc. 2021–02204 Filed 2–2–21; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL RESERVE SYSTEM 

Proposed Agency Information 

Collection Activities; Comment 

Request 

AGENCY: Board of Governors of the 

Federal Reserve System. 

ACTION: Notice, request for comment. 

SUMMARY: The Board of Governors of the 

Federal Reserve System (Board) invites 

comment on a proposal to extend for 

three years, without revision, the Senior 

Financial Officer Surveys (FR 2023; 

OMB No. 7100–0223). 

DATES: Comments must be submitted on 

or before April 5, 2021. 

ADDRESSES: You may submit comments, 

identified by FR 2023, by any of the 

following methods: 

• Agency Website: https://

www.federalreserve.gov/. Follow the 

instructions for submitting comments at 

https://www.federalreserve.gov/apps/ 

foia/proposedregs.aspx. 

• Email: regs.comments@

federalreserve.gov. Include the OMB 

number in the subject line of the 

message. 

• FAX: (202) 452–3819 or (202) 452– 

3102. 

• 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 personally identifiable 

information at the commenter’s request. 

Accordingly, comments will not be 

edited to remove any identifying or 

contact information. Public comments 

may also be viewed electronically or in 

paper in Room 146, 1709 New York 

Avenue 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 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—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: 

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 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. 

A copy of the Paperwork Reduction 

Act (PRA) OMB submission, including 

the reporting form and instructions, 

supporting statement, and other 

documentation will be available at 

https://www.reginfo.gov/public/do/ 

PRAMain, if approved. These 

documents will also be made available 

on the Board’s public website at https:// 

www.federalreserve.gov/apps/ 

reportforms/review.aspx or may be 

requested from the agency clearance 

officer, whose name appears above. 

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 

Report title: Senior Financial Officer 

Surveys. 

Agency form number: FR 2023. 

OMB control number: 7100–0223. 

Frequency: Up to four times a year. 

Respondents: Domestically chartered 

large depository institutions and foreign 

banking organizations. 

Estimated number of respondents: 80. 

Estimated average hours per response: 

3. 

Estimated annual burden hours: 960. 

General description of report: The 

Board uses the surveys in this collection 

to gather qualitative and limited 

quantitative information about liability 

management, the provision of financial 

services, and the functioning of key 

financial markets. Responses are 

obtained from a senior officer at each 

participating institution, usually 

through an electronic submission. 

Although a survey may not be collected 

in a given year, the Board may conduct 

up to four surveys per year when 

informational needs arise and cannot be 

met from existing data sources. The 

survey does not have a fixed set of 

questions; each survey consists of a 

limited number of questions directed at 

topics of timely interest. 

Legal authorization and 

confidentiality: The FR 2023 is 

authorized by sections 2A, 12A, and 11 

of the Federal Reserve Act (‘‘FRA’’).1

Section 2A of the FRA requires that the 

Board and the Federal Open Market 

Committee (‘‘FOMC’’) maintain long run 

growth of the monetary and credit 

aggregates commensurate with the 

economy’s long run potential to increase 

production, so as to promote effectively 


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