19934 Federal Register / Vol. 87, No. 66 / Wednesday, April 6, 2022 / Notices 

1 ‘‘Interagency Guidance on Leveraged Lending,’’ 

March 21, 2013, available at https://

www.federalreserve.gov/supervisionreg/srletters/ 

sr1303a1.pdf. The Guidance was published jointly 

by the Board, the Office of the Comptroller of the 

Currency, and the Federal Deposit Insurance 

Corporation. 

2 12 U.S.C. 324, 602, and 625, respectively. 

3 12 U.S.C. 1844(c). 

4 12 U.S.C. 1467a(b)(2) and (b)(3). 

5 12 U.S.C. 3105(c)(2). 

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

7 5 U.S.C. 552(b)(4). 

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 Provisions 

Associated with Guidance on Leveraged 

Lending. 

Agency form number: FR 4203. 

OMB control number: 7100–0354. 

Frequency: On occasion. 

Respondents: The FR 4203 panel 

comprises all bank holding companies, 

savings and loan holding companies, 

state member banks, and state-chartered 

branches and agencies of foreign banks 

that engage in leveraged lending 

activities. 

Many community banks are not 

subject to the FR 4203 because they do 

not engage in leveraged lending. The 

limited number of community and 

smaller institutions that are involved in 

leveraged lending activities may discuss 

with the Federal Reserve System 

whether and, if so, how to implement 

these collections of information in a 

cost-effective manner that is appropriate 

for the complexity of their exposures 

and activities. 

Estimated number of respondents: 37. 

Estimated average hours per response: 

755. 

Estimated annual burden hours: 

27,935. 

General description of report: The 

guidance on leveraged lending 

(Guidance) 1 outlines high-level 

principles related to safe-and-sound 

leveraged lending activities. The 

Guidance includes a number of 

voluntary recordkeeping provisions that 

apply to financial institutions that are 

engaged in leveraged lending activities 

and for which the Board is the primary 

federal supervisor, including bank 

holding companies, savings and loan 

holding companies, state member banks, 

and state-chartered branches and 

agencies of foreign banks that engage in 

these activities. 

Legal authorization and 

confidentiality: The recordkeeping 

provisions of the Guidance are 

authorized pursuant to sections 9(6), 25, 

and 25A of the Federal Reserve Act 2

(for state member banks, agreement 

corporations, and Edge corporations, 

respectively); section 5(c) of the Bank 

Holding Company Act 3 (for bank 

holding companies); sections 10(b)(2) 

and 10(b)(3) of the Home Owners’ Loan 

Act 4 (savings and loan holding 

companies), and section 7(c)(2) of the 

International Banking Act 5 (statelicensed branches and agencies of 

foreign banks, other than insured 

branches). The recordkeeping 

provisions contained in the FR 4203 are 

voluntary. 

Because these records would be 

maintained at each banking 

organization, the Freedom of 

Information Act (FOIA) would only be 

implicated if the Board obtained such 

records as part of the examination or 

supervision of a banking organization. If 

the records were obtained by the Board 

as part of an examination or supervision 

of a financial institution, this 

information may be considered 

confidential pursuant to exemption 8 of 

the FOIA, which protects information 

contained in ‘‘examination, operating, 

or condition reports’’ obtained in the 

bank supervisory process.6 In addition, 

to the extent that information contained 

in these records constitutes nonpublic 

commercial or financial information, 

which is both customarily and actually 

treated as private by a banking 

organization, it may be kept confidential 

under exemption 4 of the FOIA, which 

exempts ‘‘trade secrets and commercial 

or financial information obtained from a 

person and privileged or confidential.’’ 7

Board of Governors of the Federal Reserve 

System, April 1, 2022. 

Ann Misback, 

Secretary of the Board. 

[FR Doc. 2022–07225 Filed 4–5–22; 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, without revision, the Uniform 

Application for Municipal Securities 

Principal or Municipal Securities 

Representative Associated with a Bank 

Municipal Securities Dealer (Form 

MSD–4; OMB No. 7100–0100) and the 

Uniform Termination Notice for 

Municipal Securities Principal or 

Municipal Securities Representative 

Associated with a Bank Municipal 

Securities Dealer (Form MSD–5; OMB 

No. 7100–0101). 

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.federalreserve.

gov/apps/reportforms/review.aspx or 

may be requested from the agency 


lotter on DSK11XQN23PROD with NOTICES1
Federal Register / Vol. 87, No. 66 / Wednesday, April 6, 2022 / Notices 19935 

1As part of this clearance, the Board cleared the 

Form MSD–4 and Form MSD–5 under the Form 

MSD–4 OMB control number (7100–0100), and then 

discontinued the Form MSD–5’s separate OMB 

control number (7100–0101). This non-substantive 

change is aimed at simplifying the tracking and 

clearance process for the two related forms. This 

change did not modify the reporting or 

recordkeeping requirements of the forms in any 

way. The collection is now titled ‘‘The Uniform 

Application and the Uniform Termination Notice 

for Municipal Securities Principal or Municipal 

Securities Representative Associated with a Bank 

Municipal Securities Dealer’’ (Form MSD–4 and 

Form MSD–5; 7100–0100). 

2 15 U.S.C. 78c(34)(A)(ii). 

3 15 U.S.C. 78c(34)(A)(ii). 

4 15 U.S.C. 78o–4(a)–(b) and (q). 

5 15 U.S.C. 78c(a)(34)(A)(ii) (establishing the 

Board as the ARA for an MSD that is, or is the 

subsidiary of, an SLHC, SMB, or BHC (including a 

subsidiary of the BHC if the subsidiary does not 

already report to another ARA or to the SEC). While 

the Exchange Act does not specify the ARA for 

MSD activities of foreign dealer banks, the SEC has 

agreed that the Board should examine their MSD 

activities. See Letter from Catherine McGuire, Chief 

Counsel, SEC Division of Market Regulation, to 

Laura M. Homer, Assistant Director of Board S&R, 

June 14, 1994. 

6 15 U.S.C. 78o–4(c). 

7 15 U.S.C. 78w(a). 

8 12 U.S.C. 248(a)(1) (authorizing the Board to 

‘‘require such statements and reports’’ of member 

banks as it may deem necessary). 

9 12 U.S.C. 3105(c)(2) (subjecting branches and 

agencies of foreign banks to reporting requirements 

in the same manner as if the branch or agency were 

a State member bank). 

10 12 U.S.C. 1844(c)(1)(A)(ii)(II) (authorizing the 

Board to require from a BHC or any subsidiary 

reports as to compliance with federal laws that the 

Board has jurisdiction to enforce). 

11 12 U.S.C. 1467a(b)(2) (authorizing the Board to 

require reports from SLHCs and their subsidiaries 

containing such information concerning the 

operations of the SLHC or subsidiary as the Board 

may require). 

12 5 U.S.C. 552(b)(6). 

13 5 U.S.C. 552(b)(4). 

14 5 U.S.C. 552(b)(8). 

clearance officer, whose name appears 

above. 

Final Approval Under OMB Delegated 

Authority of the Extension for Three 

Years, Without Revision, of the 

Following Information Collections 

Report title: Uniform Application for 

Municipal Securities Principal or 

Municipal Securities Representative 

Associated with a Bank Municipal 

Securities Dealer.1

Agency form number: Form MSD–4. 

OMB control number: 7100–0100. 

Frequency: Event generated. 

Respondents: Each municipal 

securities dealer (MSD) that is a state 

member bank (SMB), bank holding 

company (BHC), or a savings and loan 

holding company (SLHC), certain 

subsidiaries of such firms, or a foreign 

dealer bank.2

Estimated number of respondents: 

Reporting, 13; Recordkeeping, 13. 

Estimated average hours per response: 

Reporting, 0.92; Recordkeeping, 0.08. 

Estimated annual burden hours: 

Reporting, 11.96; Recordkeeping, 1.04. 

General description of report: The 

Municipal Securities Rulemaking Board 

(MSRB) rule G–7, Information 

Concerning Associated Persons, requires 

persons who are or seek to be an 

associated person of an MSD, either as 

a municipal securities principal (a 

person performing supervisory 

functions) or representative (a person 

engaged in underwriting, trading, or 

sales of municipal securities or 

furnishing financial advice to issuers in 

connection with the issuance of 

municipal securities) or in any other 

manner set forth under the rule, to 

provide certain background information 

to the MSD. The rule also requires 

MSDs to obtain and report this 

information. MSDs for which the Board 

is the appropriate regulatory agency 

(ARA) must report to the Board 

information required by MSRB rule G– 

7 using Form MSD–4. Generally, the 

information required by Form MSD–4 

relates to employment history and 

professional background, including any 

disciplinary sanctions, as well as any 

claimed basis for exemption from MSRB 

examination requirements. Certain 

information reported on Form MSD–4 is 

filled out by the employee, with the rest 

completed by the MSD. As required by 

MSRB rule G–7, bank municipal 

securities dealers must retain copies of 

Form MSD–4 for each associated person 

during the entire term of employment. 

Report title: Uniform Termination 

Notice for Municipal Securities 

Principal or Municipal Securities 

Representative Associated with a Bank 

Municipal Securities Dealer. 

Agency form number: Form MSD–5. 

OMB control number: 7100–0101. 

Frequency: Event generated. 

Respondents: Each MSD that is an 

SMB, BHC, or an SLHC, certain 

subsidiaries of such firms, or a foreign 

dealer bank.3

Estimated number of respondents: 

Reporting, 21; Recordkeeping, 21. 

Estimated average hours per response: 

Reporting, 0.16; Recordkeeping; 0.08. 

Estimated annual burden hours: 

Reporting, 3.36; Recordkeeping 1.68. 

General description of report: An 

MSD for which the Board is the ARA 

must file Form MSD–5 with the Board 

when any employee previously 

registered as a municipal securities 

principal or representative is terminated 

for any reason. Form MSD–5 requires 

information such as the reason for 

termination and whether any 

investigations or actions by agencies or 

self-regulatory organizations (SROs) 

involving the associated person 

occurred during the period of 

employment. 

Any SMB, BHC, or SLHC, as well as 

certain subsidiaries of such firms, and 

any foreign dealer bank that is an MSD 

is required to file Forms MSD–4 and 

MSD–5 with the Board with respect to 

its employees. As required by MSRB 

rule G–7, an MSD must retain both 

Form MSD–4 and Form MSD–5 for three 

years from the date of termination of 

employment. 

Legal authorization and 

confidentiality: The Securities Exchange 

Act of 1934 (Exchange Act) authorizes 

the Securities and Exchange 

Commission (SEC) and MSRB to 

promulgate rules requiring MSDs to file 

reports about associated persons with 

the SEC and ARAs,4 and the Board is 

the ARA for most Form MSD–4 and 

Form MSD–5 respondents.5 The 

Exchange Act further authorizes the 

Board to enforce compliance with the 

SEC’s and MSRB’s rules,6 and make 

rules and regulations to implement the 

portions of the Exchange Act for which 

it is responsible.7

Several additional statutes also 

authorize the Board to require 

submission of the Forms MSD–4 and 

MSD–5 by specific entities, including 

the Federal Reserve Act (for SMBs and 

their affiliates),8 the International 

Banking Act (for branches and agencies 

of foreign banks),9 the Bank Holding 

Company Act of 1956 (for BHCs and 

their subsidiaries),10 and the Home 

Owners’ Loan Act (for SLHCs and their 

subsidiaries).11

Filing of the Forms MSD–4 and MSD– 

5 is mandatory. Information provided 

on Forms MSD–4 and MSD–5 may be 

kept confidential pursuant to exemption 

6 of the Freedom of Information Act 

(FOIA) to the extent disclosure of such 

information ‘‘would constitute a clearly 

unwarranted invasion of personal 

privacy.’’ 12 Information contained on 

Forms MSD–4 and MSD–5 may also be 

kept confidential under FOIA 

exemption 4 if it is confidential 

commercial or financial information 

that is both customarily and actually 

treated as private 13 or under FOIA 

exemption 8 if it is obtained as part of 

an examination or supervision of a 

financial institution.14

Current actions: On December 8, 

2021, the Board published a notice in 

the Federal Register (86 FR 69643) 

requesting public comment for 60 days 

on the extension, without revision, of 

the Form MSD–4 and Form MSD–5. The 

comment period for this notice expired 

on February 7, 2022. The Board did not 

receive any comments. 


lotter on DSK11XQN23PROD with NOTICES1
19936 Federal Register / Vol. 87, No. 66 / Wednesday, April 6, 2022 / Notices 

Board of Governors of the Federal Reserve 

System, April 1, 2022. 

Ann Misback, 

Secretary of the Board. 

[FR Doc. 2022–07227 Filed 4–5–22; 8:45 am] 

BILLING CODE 6210–01–P 

GENERAL SERVICES 

ADMINISTRATION 

[OMB Control No. 3090–0302; Docket No. 

2022–0001; Sequence No. 3] 

Information Collection; General 

Services Administration Acquisition 

Regulation; Modifications (Federal 

Supply Schedule) 552.238–82 

AGENCY: Office of Acquisition Policy, 

General Services Administration (GSA). 

ACTION: Notice of request for public 

comments regarding an extension to an 

existing OMB clearance. 

SUMMARY: Under the provisions of the 

Paperwork Reduction Act, the 

Regulatory Secretariat Division will be 

submitting to the Office of Management 

and Budget (OMB) a request to review 

and approve an extension to the 

information collection requirement 

regarding the Modifications (Federal 

Supply Schedule) clause. 

DATES: Submit comments on or before: 

June 6, 2022. 

FOR FURTHER INFORMATION CONTACT: Mr. 

Thomas O’Linn, Procurement Analyst, 

General Services Acquisition Policy 

Division, GSA, 202–445–0390 or email 

gsarpolicy@gsa.gov. 

ADDRESSES: Submit comments 

identified by ‘‘Information Collection 

3090–0302, Modifications (Federal 

Supply Schedule)’’ to: http://

www.regulations.gov. Submit comments 

via the Federal eRulemaking portal by 

searching for ‘‘Information Collection 

3090–0302, Modifications (Federal 

Supply Schedule)’’. Select the link 

‘‘Submit a Comment’’ that corresponds 

with ‘‘Information Collection 3090– 

0302, Modifications (Federal Supply 

Schedule)’’. Follow the instructions 

provided at the ‘‘Submit a Comment’’ 

screen. Please include your name, 

company name (if any), and 

‘‘Information Collection 3090–0302, 

Modifications (Federal Supply 

Schedule),’’ on your attached document. 

If your comment cannot be submitted 

using https://www.regulations.gov, call 

or email the points of contact in the FOR

FURTHER INFORMATION CONTACT section of 

this document for alternate instructions. 

Instructions: Please submit comments 

only and cite Information Collection 

3090–0302, Modifications (Federal 

Supply Schedule), in all 

correspondence related to this 

collection. Comments received generally 

will be posted without change to http:// 

www.regulations.gov, including any 

personal and/or business confidential 

information provided. To confirm 

receipt of your comment(s), please 

check www.regulations.gov, 

approximately two-to-three days after 

submission to verify posting. 

SUPPLEMENTARY INFORMATION: 

A. Purpose 

The General Services Administration 

Acquisition Regulation (GSAR) clause 

552.238–82, Modifications (Federal 

Supply Schedule), which was 

previously titled and numbered as 

552.238–81 Modifications (see 84 FR 

17030 dated April 23, 2019), requires 

Contractors who have a GSA Federal 

Supply Schedule (FSS) contract to 

request a contract modification by 

submitting information to the 

contracting officer. The clause covers 

the following types of contract 

modification requests: Additional items/ 

additional SINs, deletions, and price 

reductions. At a minimum, each 

contract modification request covered 

by this clause is to include an 

explanation for the request and 

supporting information. 

B. Annual Reporting Burden 

Respondents: 14,200. 

Responses per Respondent: 1. 

Total Responses: 14,200. 

Hours per Response: 3.5. 

Total Burden Hours: 49,700. 

C. Public Comments 

Public comments are particularly 

invited on: Whether this collection of 

information is necessary and whether it 

will have practical utility; whether our 

estimate of the public burden of this 

collection of information is accurate and 

based on valid assumptions and 

methodology; ways to enhance the 

quality, utility, and clarity of the 

information to be collected. 

Obtaining Copies of Proposals: 

Requesters may obtain a copy of the 

information collection documents from 

the GSA Regulatory Secretariat Division, 

by calling 202–501–4755 or emailing 

GSARegSec@gsa.gov. Please cite OMB 

Control No. 3090–0302, ‘‘Modifications 

(Federal Supply Schedule)’’ in all 

correspondence. 

Jeffrey A. Koses, 

Senior Procurement Executive, Office of 

Acquisition Policy, Office of Governmentwide Policy. 

[FR Doc. 2022–07232 Filed 4–5–22; 8:45 am] 

BILLING CODE 6820–61–P 

GENERAL SERVICES 

ADMINISTRATION 

[OMB Control No. 3090–0246; Docket No. 

2022–0001; Sequence No. 1] 

Submission for OMB Review; General 

Services Administration Regulation; 

Packing List Clause 

AGENCY: Office of Acquisition Policy, 

General Services Administration (GSA). 

ACTION: Notice and request for 

comments. 

SUMMARY: Under the provisions of the 

Paperwork Reduction Act of 1995, GSA 

invites the public to comment on a 

request to review and approve an 

extension of a previously approved 

information collection requirement 

regarding the packing list clause. 

DATES: Submit comments on or before: 

May 6, 2022. 

ADDRESSES: Written comments and 

recommendations for thisinformation 

collection should be sent within 30 days 

ofpublication of this notice 

towww.reginfo.gov/public/do/PRAMain. 

Find this particularinformation 

collection by selecting ‘‘Currently under 

Review—Open for Public Comments’’ or 

by using the searchfunction. 

FOR FURTHER INFORMATION CONTACT: Mr. 

Clarence Harrison Jr, Procurement 

Analyst, at telephone 202–227–7051, or 

via email at gsarpolicy@gsa.gov. 

SUPPLEMENTARY INFORMATION: 

A. Purpose 

GSAR clause 552.211–77, Packing 

List, requires a contractor to include a 

packing list or other suitable document 

that verifies placement of an order and 

identifies the items shipped. In addition 

to information contractors would 

normally include on packing lists, the 

identification of cardholder name, 

telephone number and the term ‘‘Credit 

Card’’ is required. 

B. Annual Reporting Burdens 

Respondents: 14,923. 

Responses per Respondent: 19. 

Total Annual Responses: 283,233. 

Hours per Response: .05. 

Total Burden Hours: 14,161. 

C. Public Comments 

A 60-day notice published in the 

Federal Register at 87 FR 4031 on 

January 26, 2022. No comments were 

received. 

Obtaining Copies of Proposals: 

Requesters may obtain a copy of the 

information collection documents from 

the GSA Regulatory Secretariat Division, 


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