13378 Federal Register / Vol. 86, No. 43 / Monday, March 8, 2021 / Notices 

1See, e.g., Prudential Standards for Large Bank 

Holding Companies, Savings and Loan Holding 

Companies, and Foreign Banking Organizations, 84 

FR 59032 (Nov. 1, 2019). 

Reserve Bank(s) indicated below and at 

the offices of the Board of Governors. 

This information may also be obtained 

on an expedited basis, upon request, by 

contacting the appropriate Federal 

Reserve Bank and from the Board’s 

Freedom of Information Office at 

https://www.federalreserve.gov/foia/ 

request.htm. Interested persons may 

express their views in writing on the 

standards enumerated in the BHC Act 

(12 U.S.C. 1842(c)). 

Comments regarding each of these 

applications must be received at the 

Reserve Bank indicated or the offices of 

the Board of Governors, Ann E. 

Misback, Secretary of the Board, 20th 

Street and Constitution Avenue NW, 

Washington DC 20551–0001, not later 

than April 7, 2021. 

A. Federal Reserve Bank of San 

Francisco (Sebastian Astrada, Director, 

Applications) 101 Market Street, San 

Francisco, California 94105–1579: 

1. SVB Financial Group, Santa Clara, 

California; to merge with Boston Private 

Financial Holdings, Inc., and thereby 

indirectly acquire Boston Private Bank & 

Trust Company; both of Boston, 

Massachusetts. 

Board of Governors of the Federal Reserve 

System, March 3, 2021. 

Michele Taylor Fennell, 

Deputy Associate Secretary of the Board. 

[FR Doc. 2021–04779 Filed 3–5–21; 8:45 am] 

BILLING CODE 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 

Recordkeeping Provisions Associated 

with Stress Testing Guidance (FR 4202; 

OMB No. 7100–0348). The Board is 

seeking an extension without revision of 

the FR 4202 to ensure compliance with 

the Paperwork Reduction Act (PRA). 

However, whether and how any changes 

should be made to the guidance in light 

of recent amendments made by the 

Board to its stress testing rules 1 is under 

consideration. The Board will publish 

any proposed changes to the FR 4202 

via a separate notice for comment. 

DATES: Comments must be submitted on 

or before May 7, 2021. 

ADDRESSES: You may submit comments, 

identified by FR 4202 by any of the 

following methods: 

• Agency website: http://

www.federalreserve.gov. Follow the 

instructions for submitting comments at 

http://www.federalreserve.gov/apps/ 

foia/proposedregs.aspx . 

• Email: regs.comments@

federalreserve.gov. Include 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 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; 

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 Federal Reserve 

should modify the proposal. 

Proposal under OMB Delegated 

Authority to Extend for Three Years, 

Without Revision, the Following 

Information Collection: 

Report title: Recordkeeping Provisions 

Associated with Stress Testing 

Guidance. 

Agency form number: FR 4202. 

OMB control number: 7100–0348. 

Frequency: As needed. 

Respondents: Banking organizations. 

Estimated number of respondents: 

100. 


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Federal Register / Vol. 86, No. 43 / Monday, March 8, 2021 / Notices 13379 

2 77 FR 29458. The Stress Testing Guidance was 

issued jointly by the Board, the Federal Deposit 

Insurance Corporation, and the Office of the 

Comptroller of the Currency. 

3Board-supervised banking organizations include 

state member banks, bank holding companies, 

savings and loan holding companies, and all other 

institutions for which the Board is the primary 

federal supervisor. 

Estimated average hours per response: 

180. 

Estimated annual burden hours: 

18,000. 

General description of report: On May 

17, 2012, the Board published the 

Supervisory Guidance on Stress Testing 

for Banking Organizations With More 

Than $10 Billion in Total Consolidated 

Assets (Stress Testing Guidance) in the 

Federal Register.2 The Stress Testing 

Guidance outlines high-level principles 

for stress testing practices applicable to 

all Board-supervised banking 

organizations with more than $10 

billion in total consolidated assets.3

The Stress Testing Guidance 

recommends that banking organizations 

(i) have a stress testing framework that 

includes clearly defined objectives, 

well-designed scenarios tailored to the 

banking organization’s business and 

risks, well-documented assumptions, 

conceptually sound methodologies to 

assess potential impact on the banking 

organization’s financial condition, 

informative management reports, and 

recommended actions based on stress 

test results; and (ii) have policies and 

procedures for a stress testing 

framework. These recordkeeping 

activities are collections of information 

under the PRA. 

An organization should have written 

policies, approved and annually 

reviewed by the board, that direct and 

govern the implementation of the stress 

testing framework in a comprehensive 

manner. Policies, along with procedures 

to implement them, should 

• describe the overall purpose of 

stress testing activities; 

• articulate consistent and 

sufficiently rigorous stress testing 

practices across the entire organization; 

• indicate stress testing roles and 

responsibilities, including controls over 

external resources used for any part of 

stress testing (such as vendors and data 

providers); 

• describe the frequency and priority 

with which stress testing activities 

should be conducted; 

• indicate how stress test results are 

used and by whom, and 

• be reviewed and updated as 

necessary to ensure that stress testing 

practices remain appropriate and keep 

up to date with changes in market 

conditions, organization products and 

strategies, organization exposures and 

activities, the organization’s established 

risk appetite, and industry stress testing 

practices. 

Legal authorization and 

confidentiality: This voluntary 

information collection is authorized 

pursuant to section 11 of the Federal 

Reserve Act, 12 U.S.C. 248 (state 

member banks); sections 25 and 25A of 

the Federal Reserve Act, 12 U.S.C. 602 

and 625 (Edge and Agreement 

corporations); section 5 of the Bank 

Holding Company Act of 1956, 12 

U.S.C. 1844 (bank holding companies) 

and, in conjunction with section 8 of the 

International Banking Act, 12 U.S.C. 

3106 (foreign banking organizations); 

section 7(c) of the International Banking 

Act of 1978, 12 U.S.C. 3105(c) (branches 

and agencies of foreign banks); section 

10 of the Home Owners’ Loan Act, 12 

U.S.C. 1467a, (savings and loan holding 

companies), and section 165(i) of the 

Dodd-Frank Wall Street Reform and 

Consumer Protection Act, 12 U.S.C. 

5365 (nonbank financial companies 

supervised by the Board). 

Because the collections of information 

associated with the FR 4202 do not 

involve the submission of information 

to the Board, no issues of confidentiality 

would normally arise. To the extent that 

the Board collects such information 

during an examination of the banking 

organization, confidential treatment 

may be afforded to that information 

under exemption 8 of the Freedom of 

Information Act (FOIA) (5 U.S.C. 

552(b)(8)), which protects information 

collected as part of the Board’s 

supervisory process. Additionally, 

individual respondents may request 

confidential treatment of information 

pursuant to exemption 4 of the FOIA (5 

U.S.C. 552(b)(4)), which protects ‘‘trade 

secrets and commercial or financial 

information obtained from a person 

[that is] privileged or confidential.’’ The 

Board will treat such information as 

confidential to the extent permitted by 

law, including the FOIA. 

Board of Governors of the Federal Reserve 

System, March 3, 2021. 

Michele Taylor Fennell, 

Deputy Associate Secretary of the Board. 

[FR Doc. 2021–04762 Filed 3–5–21; 8:45 am] 

BILLING CODE 6210–01–P 

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, with revision, the GovernmentAdministered, General-Use Prepaid 

Card Surveys (FR 3063; OMB No. 7100– 

0343). The revisions are applicable as of 

the data collection administered during 

the first half of 2021. 

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. 

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. 

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. Boardapproved 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 https://

www.reginfo.gov/public/do/PRAMain. 

These documents are also available on 

the Federal Reserve 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. 

Final Approval Under OMB Delegated 

Authority of the Extension for Three 

Years, With Revision, of the Following 

Information Collection: 

Report title: GovernmentAdministered, General-Use Prepaid 

Card Surveys. 

Agency form number: FR 3063. 

OMB control number: 7100–0343. 

Effective Date: As of the data 

collection administered during the first 

half of 2021. 

Frequency: Annually. 

Respondents: Depository institutions 

that administer general-use prepaid 

cards. 

Estimated number of respondents: 15. 

Estimated average hours per response: 

10. 

Estimated annual burden hours: 150. 

General description of report: The 

issuer survey (FR 3063a) collects data 


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