Federal Register / Vol. 87, No. 41 / Wednesday, March 2, 2022 / Notices 11705 

1Session Closed-Exempt to 5 U.S.C. Section 

552b(c)(8) and (9). 

Portions Closed to the Public 

• Office of Secondary Market Oversight 

Periodic Report 1

Contact Person for More Information: 

If you need more information or 

assistance for accessibility reasons, or if 

you have questions, contact Ashley 

Waldron, Secretary to the Board. 

Telephone: 703–883–4009. TTY: 703– 

883–4056. 

Ashley Waldron, 

Secretary to the Board. 

[FR Doc. 2022–04305 Filed 2–28–22; 11:15 am] 

BILLING CODE 6705–01–P 

FARM CREDIT SYSTEM INSURANCE 

CORPORATION 

Board of Directors Meeting 

SUMMARY: Notice of the forthcoming 

regular meeting of the Board of Directors 

of the Farm Credit System Insurance 

Corporation (FCSIC), is hereby given in 

accordance with the provisions of 

Article VI of the Bylaws of the FCSIC. 

DATES: 10:00 a.m., Wednesday, March 9, 

2022. 

ADDRESSES: Because of the COVID–19 

pandemic and the current operating 

status of the FCSIC, the public may only 

virtually observe the open portions of 

this meeting. If you would like to 

virtually observe, at least 24 hours in 

advance, visit FCSIC.gov, select ‘‘News 

& Events,’’ and then select ‘‘Board 

Meetings.’’ From there, access the 

linked ‘‘Instructions for board meeting 

visitors’’ and complete the described 

registration process. 

FOR FURTHER INFORMATION CONTACT: If 

you need more information or assistance 

for accessibility reasons, or if you have 

questions, contact Ashley Waldron, 

Secretary to the Board. Telephone: 703– 

883–4009. TTY: 703–883–4056. 

SUPPLEMENTARY INFORMATION: 

Status: Parts of this meeting will be 

open to the public. The rest of the 

meeting will be closed to the public. 

Matters To Be Considered: 

Portions Open to the Public 

• Approval of January 27, 2022, 

Minutes 

• Quarterly FCSIC Financial Reports 

• Quarterly Report on Insured 

Obligations 

• Quarterly Report on Annual 

Performance Plan 

• Annual Report on Investment 

Portfolio 

• Presentation of 2021 Audit Results 

Portions Closed to the Public 

• Quarterly Report on Insurance Risk 

• Executive Session of the FCSIC Board 

Audit Committee with the External 

Auditor 

Ashley Waldron, 

Secretary to the Board. 

[FR Doc. 2022–04310 Filed 3–1–22; 8:45 am] 

BILLING CODE 6705–01–P 

FEDERAL RESERVE SYSTEM 

[FR NN; OMB No. 7100–0353] 

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, Reporting, 

Recordkeeping, and Disclosure 

Requirements Associated with 

Regulation NN. 

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 for the Federal 

Reserve Board, 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 Paperwork 

Reduction Act (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.federal

reserve.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, Without Revision, of the 

Following Information Collection 

Report title: Reporting, 

Recordkeeping, and Disclosure 

Requirements Associated with 

Regulation NN. 

Agency form number: FR NN. 

OMB control number: 7100–0353. 

Frequency: As needed. 

Respondents: State member banks, 

uninsured state-licensed branches of 

foreign banks, financial holding 

companies, bank holding companies, 

savings and loan holding companies, 

agreement corporations, and Edge Act 

corporations that engage in retail foreign 

exchange transactions (collectively, 

banking institutions). 

Estimated number of respondents: 

Reporting, section 240.4: 1; 

recordkeeping, sections 240.7, 

240.9(b)(2), and 240.13(a): 2; disclosure, 

sections 240.5(a), 240.6, 240.10, 

240.13(c)–(d), 240.15, and 240.16(a) and 

(b): 2. 

Estimated average hours per response: 

Reporting, section 240.4: 16; 

recordkeeping, sections 240.7, 

240.9(b)(2), and 240.13(a): 183; 

disclosure, sections 240.5(a), 240.6, 

240.10, 240.13(c)–(d), 240.15, and 

240.16(a) and (b): 787. 

Estimated annual burden hours: 

Reporting, section 240.4: 16; 

recordkeeping, sections 240.7, 

240.9(b)(2), and 240.13(a): 366; 

disclosure, sections 240.5(a), 240.6, 

240.10, 240.13(c)–(d), 240.15, and 

240.16(a) and (b): 1,574. 

General description of report: Section 

742(c)(2) of the Dodd-Frank Wall Street 

Reform and Consumer Protection Act 

amended section 2(c)(2) of the 

Commodity Exchange Act (CEA) to 

prohibit persons supervised by certain 

Federal regulatory agencies, including 

the Board, from entering into, or offering 

to enter into, certain types of foreign 

exchange transactions, except pursuant 

to a rule or regulation promulgated by 

the relevant supervising agency. The 

Board’s Regulation NN (12 CFR part 

240) authorizes banking institutions 

supervised by the Board to conduct 

retail foreign exchange transactions and 

establishes certain reporting, 

recordkeeping, and disclosure 

requirements for banking institutions 

that choose to conduct such 

transactions. 

Legal authorization and 

confidentiality: The reporting, 

recordkeeping, and disclosure 

requirements in Regulation NN are 

authorized pursuant to section 2(c)(2)(E) 


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