19926 Federal Register / Vol. 87, No. 66 / Wednesday, April 6, 2022 / Notices 

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

an examination of a financial 

institution, which may be kept 

confidential under exemption 8 of the 

FOIA.6

Consultation outside the agency: As 

part of the routine execution of the 

surveys, the Federal Reserve’s 

contractors that recruit responses and 

collect survey data engage with 

potential participants to review, 

explain, and obtain feedback about the 

surveys. These conversations help to 

develop or revise proposed questions to 

make them as relevant to and 

substantively consistent with industry 

practices as possible. 

Board of Governors of the Federal Reserve 

System, April 1, 2022. 

Margaret Shanks, 

Deputy Secretary of the Board. 

[FR Doc. 2022–07220 Filed 4–5–22; 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, with revision, the Request 

for Extension of Time to Dispose of 

Assets Acquired in Satisfaction of Debts 

Previously Contracted (FR 4006; OMB 

No. 7100–0129). 

DATES: Comments must be submitted on 

or before June 6, 2022. 

ADDRESSES: You may submit comments, 

identified by FR 4006, 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 or FR 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 confidential 

business information, identifying 

information, or contact information. 

Public comments may also be viewed 

electronically or in paper in Room M– 

4365A, 2001 C St. NW, Washington, DC 

20551, 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 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. 

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 Paperwork 

Reduction Act (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. 

During the comment period for this 

proposal, a copy of the proposed PRA 

OMB submission, including the draft 

reporting form and instructions, 

supporting statement, and other 

documentation, will 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. 

Final versions of these documents will 

be made available at https://

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

approved. 

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, 

With Revision, the Following 

Information Collection 

Report title: Request for Extension of 

Time to Dispose of Assets Acquired in 

Satisfaction of Debts Previously 

Contracted. 

Agency form number: FR 4006. 

OMB control number: 7100–0129. 

Frequency: On occasion. 

Respondents: Bank holding 

companies (BHCs). 

Estimated number of respondents: 

Section 225.12(b), 1; Section 

225.22(d)(1), 20; Section 225.140(c) and 

(d), 12. 

Estimated average hours per response: 

Section 225.12(b), 5; Section 

225.22(d)(1), 5; Section 225.140(c) and 

(d), 2. 

Estimated annual burden hours: 

Section 225.12(b), 5; Section 

225.22(d)(1), 100; Section 225.140(c) 

and (d), 24. 

General description of report: The 

Bank Holding Company Act of 1956 

(BHC Act) and the Board’s Regulation Y 

(12 CFR part 225) require a bank 

holding company that, either through 

foreclosure or otherwise in the ordinary 

course of collecting a debt previously 


lotter on DSK11XQN23PROD with NOTICES1
Federal Register / Vol. 87, No. 66 / Wednesday, April 6, 2022 / Notices 19927 

1 12 U.S.C. 1842(a) and 1843(c)(2). 

2 The two-year period may be extended by the 

Board for up to three years in one-year increments 

(12 CFR 225.12(b); 12 CFR 225.22(d)(1)). The Board 

may provide up to five additional one-year 

extensions (for a total of ten years) if the DPC 

property is shares, real estate, or other assets where 

the holding company demonstrates that each 

extension would not be detrimental to the public 

interest and either the bank holding company has 

made good faith attempts to dispose of such shares, 

real estate or other assets or disposal of the shares, 

real estate or other assets during the initial period 

would have been detrimental to the company (12 

CFR 225.22(d)(1)(ii)). 

3 12 CFR 261.17. 4 5 U.S.C. 552(b)(4). 

contracted (DPC), acquired voting 

securities of a bank or BHC or the 

securities or assets of a company 

engaged in a nonbanking activity to seek 

prior Board approval in order to retain 

ownership of those shares or assets for 

more than two years. 

Proposed revisions: The Board 

proposes to revise the FR 4006 to 

account for the voluntary reporting 

provisions set forth in sections 

225.140(c) and 225.140(d) of Regulation 

Y. These sections state, respectively, 

that a BHC that holds nonbanking DPC 

assets past the two-year statutory 

holding period should report annually 

to the appropriate Reserve Bank on its 

efforts to accomplish divestiture of such 

assets and that a BHC that holds real 

estate acquired as DPC property for 

longer than five years should keep the 

appropriate Reserve Bank advised on a 

regular basis concerning its efforts to 

dispose of the property. 

Legal authorization and 

confidentiality: The FR 4006 is 

authorized pursuant to sections 3(a) and 

4(c)(2) of the BHC Act 1 and sections 

225.12(b) and 225.22(d) of the Board’s 

Regulation Y, which permit a BHC to 

acquire securities or assets in the 

ordinary course of collecting a DPC in 

good faith without seeking prior Board 

approval if such securities or assets 

(DPC property) are divested within two 

years of acquisition. To hold the DPC 

property beyond this two-year period, a 

BHC must seek the Board’s approval.2

The FR 4006 is required to obtain this 

benefit. 

The information contained on the FR 

4006 is not considered confidential 

unless an applicant requests 

confidential treatment in accordance 

with the Board’s Rules Regarding 

Availability of Information.3 Requests 

for confidential treatment of information 

are reviewed on a case-by-case basis. 

Information provided on the FR 4006 

may be nonpublic commercial or 

financial information, which is both 

customarily and actually treated as 

private by the respondent, which is 

protected from disclosure pursuant to 

exemption 4 of the Freedom of 

Information Act.4

Board of Governors of the Federal Reserve 

System, April 1, 2022. 

Margaret Shanks, 

Deputy Secretary of the Board. 

[FR Doc. 2022–07221 Filed 4–5–22; 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 

Interagency Policy Statement on 

Funding and Liquidity Risk 

Management (FR 4198; OMB No. 7100– 

0326). 

DATES: Comments must be submitted on 

or before June 6, 2022. 

ADDRESSES: You may submit comments, 

identified by FR 4198, 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 or FR 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 confidential 

business information, identifying 

information, or contact information. 

Public comments may also be viewed 

electronically or in paper in Room M– 

4365A, 2001 C St. NW, Washington, DC 

20551, 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 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. 

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 Paperwork 

Reduction Act (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. 

During the comment period for this 

proposal, a copy of the proposed PRA 

OMB submission, including the draft 

reporting form and instructions, 

supporting statement, and other 

documentation, will 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. 

Final versions of these documents will 

be made available at https://

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

approved. 

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 


lotter on DSK11XQN23PROD with NOTICES1