[Federal Register Volume 83, Number 164 (Thursday, August 23, 2018)]
[Notices]
[Page 42651]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-18254]


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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, without revision, the 
Recordkeeping Requirements Associated with Changes in Foreign 
Investments (Made Pursuant to Regulation K) (FR 2064; OMB No. 7100-
0109).

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. Telecommunications Device for the Deaf (TDD) users may 
contact (202) 263-4869, Board of Governors of the Federal Reserve 
System, Washington, DC 20551.
    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, 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. 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 instrument(s) are placed into OMB's public docket files. 
The Board 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.
    Final approval under OMB delegated authority of the extension for 
three years, without revision, of the following information collection:
    Report title: Recordkeeping Requirements Associated with Changes in 
Foreign Investments (Made Pursuant to Regulation K).
    Agency form number: FR 2064.
    OMB control number: 7100-0109.
    Frequency: On occasion.
    Respondents: Internationally active U.S banking organizations 
(member banks, Edge Act and agreement corporations, and bank holding 
companies).
    Estimated number of respondents: 20.
    Estimated average hours per response: 2.
    Estimated annual burden hours: 160.
    General description of report: Internationally active U.S. banking 
organizations are required to maintain adequate internal records to 
demonstrate compliance with the investment provisions contained in 
Subpart A of Regulation K (12 CFR part 211).
    Legal authorization and confidentiality: This collection of 
information is authorized pursuant to section 5(c) of the Bank Holding 
Company Act (12 U.S.C. 1844(c)); sections 25 and 25A of the Federal 
Reserve Act (12 U.S.C. 602 and 625). The recordkeeping requirements are 
mandatory. Because the Federal Reserve does not collect these records, 
an issue of confidentiality under the Freedom of Information Act (FOIA) 
is unlikely to arise. FOIA, however, may be implicated if the Federal 
Reserve's examiners retain a copy of the records in their examination 
or supervision of the institution. Any such records would be exempt 
from disclosure pursuant to exemption 8 of FOIA (5 U.S.C. 552(b) 
(b)(8)). Exemption 4 to FOIA, which protects confidential financial 
information, may also be applicable. (5 U.S.C. 552(b)(4)).
    Current actions: On May 22, 2018, the Board published a notice in 
the Federal Register (83 FR 23682) requesting public comment for 60 
days on the extension, without revision, of the FR 2064. The comment 
period for this notice expired on July 23, 2018. The Board did not 
receive any comments.

    Board of Governors of the Federal Reserve System, August 20, 
2018.
Ann Misback,
Secretary of the Board.
[FR Doc. 2018-18254 Filed 8-22-18; 8:45 am]
BILLING CODE 6210-01-P