Federal Register / Vol. 86, No. 43 / Monday, March 8, 2021 / Notices 13381 

1 12 CFR 233.5(a). 

2 12 CFR 233.5(b). 

3See 12 CFR 233.6. 

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: Recordkeeping 

Requirements Associated with 

Regulation GG. 

Agency form number: FR GG. 

OMB control number: 7100–0317. 

Frequency: Annually. 

Respondents: Depository institutions, 

credit unions, card system operators, 

and money transmitting business 

operators. 

Estimated number of respondents: 

Depository institutions: 2,331; credit 

unions: 2,575; card system operators: 7; 

money transmitting business operators: 

62; and new or de novo institutions: 3. 

Estimated average hours per response: 

Ongoing annual burden of 8 hours per 

recordkeeper for depository institutions, 

credit unions, card system operators, 

and money transmitting business 

operators. Onetime burden of 100 hours 

for new or de novo institutions. 

Estimated annual burden hours: 

Ongoing burden: 39,800; one-time 

burden: 300. 

General description of report: Section 

5 of Regulation GG, Prohibition on 

Funding of Unlawful internet Gambling, 

requires all non-exempt participants in 

the designated payment systems to 

establish and implement policies and 

procedures reasonably designed to 

identify and block, or otherwise prevent 

or prohibit, transactions restricted by 

the Unlawful internet Gambling 

Enforcement Act of 2006.1 In addition, 

section 5 states that a participant in a 

designated payment system may rely on 

policies and procedures established by 

the designated payment system if the 

system’s policies and procedures 

otherwise comply with the requirements 

of the regulation.2

Section 6 of Regulation GG sets out 

non-exclusive examples of policies and 

procedures for each designated payment 

system that the Board and the 

Department of the Treasury believe are 

reasonably designed to prevent or 

prohibit restricted transactions for nonexempt participants in the system.3

The internal agency tracking number 

previously assigned by the Board to this 

information collection was ‘‘FR 4026.’’ 

The Board is changing the internal 

agency tracking number to ‘‘FR GG’’ for 

the purpose of consistency. 

Legal authorization and 

confidentiality: FR GG is authorized by 

section 802 of the Unlawful internet 

Gambling Enforcement Act, which 

permits the Board to prescribe 

regulations requiring designated 

payment systems and participants 

therein to establish policies and 

procedures to identify and block or 

otherwise prevent and prohibit 

restricted transactions (31 U.S.C. 

5364(a)). The obligation to respond is 

mandatory. 

The policies and procedures required 

by Regulation GG are not required to be 

submitted to the Board. To the extent 

such policies and procedures are 

obtained by the Board through the 

examination process, they may be kept 

confidential under exemption 8 of the 

Freedom of Information Act, which 

protects information contained in or 

related to an examination of a financial 

institution (5 U.S.C. 552(b)(8)). 

Consultation outside the agency: The 

Board has consulted with the 

Department of the Treasury regarding 

this information collection renewal. 

Board of Governors of the Federal Reserve 

System, March 1, 2021. 

Michele Taylor Fennell, 

Deputy Associate Secretary of the Board. 

[FR Doc. 2021–04660 Filed 3–5–21; 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 

Application for a Foreign Organization 

to Acquire a U.S. Bank or Bank Holding 

Company (FR Y–3F; OMB No. 7100– 

0119). 

DATES: Comments must be submitted on 

or before May 7, 2021. 

ADDRESSES: You may submit comments, 

identified by FR Y–3F, 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 


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13382 Federal Register / Vol. 86, No. 43 / Monday, March 8, 2021 / Notices 

1 12 U.S.C. 1842(a). 

2 12 U.S.C. 1842(c). 

3 12 U.S.C. 1844(a)–(c). 

4 5 U.S.C. 552(b)(4). 

5 5 U.S.C. 552(b)(6). 

6 5 U.S.C. 552(b)(8). 

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: Application for a Foreign 

Organization to Acquire a U.S. Bank or 

Bank Holding Company. 

Agency form number: FR Y–3F. 

OMB Control Number: 7100–0119. 

Frequency: On occasion. 

Respondents: Any company organized 

under the laws of a foreign country that 

seeks to acquire a U.S. bank or bank 

holding company. 

Estimated number of respondents: 6. 

Estimated average hours per response: 

Reporting: Initial application: 90; 

Subsequent application: 70; Disclosure: 

1. 

Estimated annual burden hours: 

Reporting: Initial application: 90; 

Subsequent application: 350; 

Disclosure: 6. 

General description of report: Under 

the Bank Holding Company Act (BHC 

Act), any company, including a 

company organized under the laws of a 

foreign country, that seeks to acquire a 

U.S. bank or bank holding company 

must receive prior approval from the 

Board to do so. The Federal Reserve 

uses the information collected by the FR 

Y–3F to determine whether to approve 

the application and, subsequently, to 

carry out its supervisory responsibilities 

with respect to the foreign banking 

organization’s operations in the United 

States. 

Legal authorization and 

confidentiality: Section 3(a) of the BHC 

Act 1 requires prior approval by the 

Board for any company, including a 

foreign company, to acquire a U.S. bank 

or bank holding company, and section 

3(c) of the BHC Act 2 sets forth the 

factors that the Board must consider in 

approving such an application. Sections 

5(a) through 5(c) of the BHC Act 3

authorize the Board to require the 

registration of bank holding companies, 

issue regulations and orders to carry out 

its supervisory responsibilities 

thereunder, and examine and require 

reports to be submitted by bank holding 

companies, respectively. Together, these 

sections of the BHC Act provide the 

legal authorization for the FR Y–3F. The 

FR Y–3F is required to obtain a benefit. 

To the extent a respondent submits 

nonpublic commercial or financial 

information in connection with the FR 

Y–3F, which is both customarily and 

actually treated as private by the 

respondent, the respondent may request 

confidential treatment pursuant to 

exemption 4 of the Freedom of 

Information Act (FOIA).4 To the extent 

a respondent submits personal, medical, 

or similar files, the disclosure of which 

would constitute an unwarranted 

invasion of privacy, the respondent may 

request confidential treatment pursuant 

to exemption 6 of the FOIA.5 If a 

respondent requests confidential 

treatment, the Board will determine 

whether the information is entitled to 

confidential treatment on a case-by-case 

basis. The entity should separately 

designate any such information as 

‘‘confidential commercial information’’ 

or ‘‘confidential financial information’’ 

and the Board will treat such designated 

information as confidential to the extent 

permitted by law, including the FOIA. 

To the extent a respondent submits 

information related to examination, 

operating, or condition reports prepared 

by, on behalf of, or for the use of a 

financial supervisory agency, the 

information may be treated as 

confidential pursuant to exemption 8 of 

the FOIA.6

Board of Governors of the Federal Reserve 

System, March 1, 2021. 

Michele Taylor Fennell, 

Deputy Associate Secretary of the Board. 

[FR Doc. 2021–04663 Filed 3–5–21; 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 

International Applications and Prior 

Notifications under Subpart B of 

Regulation K (FR K–2; OMB No. 7100– 

0284). 


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