Federal Register / Vol. 87, No. 66 / Wednesday, April 6, 2022 / Notices 19929 

1 12 U.S.C. 225a. 

2 12 U.S.C. 263. 

3 5 U.S.C. 552(b)(4). 

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 

clearance officer, whose name appears 

above. 

Final Approval Under OMB Delegated 

Authority of the Extension for Three 

Years, With Revision, of the Following 

Information Collection 

Report title: Central Bank Survey of 

Foreign Exchange and Derivatives 

Market Activity. 

Agency form number: FR 3036. 

OMB control number: 7100–0285. 

Effective Date: April 2022. 

Frequency: Triennially. 

Respondents: Commercial banks, 

brokers and dealers, and U.S. offices of 

foreign banking organizations with 

dealing operations in the U.S. 

Estimated number of respondents: 21. 

Estimated average hours per response: 

65. 

Estimated annual burden hours: 

1,365. 

General description of report: The 

Board is a member of the Bank for 

International Settlements (BIS), which 

compiles aggregate national data from 

each central bank to produce and 

publish global market statistics. The FR 

3036 is a component of the U.S. portion 

of a global data collection (the BIS 

survey) that is conducted by central 

banks once every three years and 

captures information relating to the 

volume of foreign exchange (FX) 

transactions. Currently, more than 50 

central banks plan to conduct the BIS 

survey in 2022. Aggregated data from 

the FR 3036 is compiled and forwarded 

to the BIS, which uses the data to 

produce and publish these statistics. 

Legal authorization and 

confidentiality: The FR 3036 is 

authorized pursuant to sections 2A and 

12A of the Federal Reserve Act (FRA). 

Section 2A of the FRA requires that the 

Board and the Federal Open Market 

Committee (FOMC) maintain long-run 

growth of the monetary and credit 

aggregates commensurate with the 

economy’s long run potential to increase 

production, so as to promote effectively 

the goals of maximum employment, 

stable prices, and moderate long-term 

interest rates.1 Under section 12A of the 

FRA, the FOMC is required to 

implement regulations relating to the 

open market operations conducted by 

Federal Reserve Banks. Those 

transactions must be governed with a 

view to accommodating commerce and 

business and with regard to their 

bearing upon the general credit situation 

of the country.2 The Board and the 

FOMC use the information obtained 

from the FR 3036 to help fulfill these 

obligations. The FR 3036 is voluntary. 

Individual firm information collected 

on the FR 3036 is considered 

confidential to the extent it constitutes 

nonpublic commercial or financial 

information, which is both customarily 

and actually treated as private by the 

respondent. Therefore, this information 

may be kept confidential under 

exemption 4 of the Freedom of 

Information Act, which exempts ‘‘trade 

secrets and commercial or financial 

information obtained from a person and 

privileged or confidential.’’ 3 If it should 

be determined that any information 

collected on the FR 3036 must be 

released, other than in the aggregate in 

ways that will not reveal the amounts 

reported by any one institution, 

respondents will be notified. Aggregated 

FR 3036 data is compiled and forwarded 

to the BIS, which publishes global 

market statistics that are aggregates of 

national data from the Federal Reserve 

and other central banks. 

Current actions: On November 23, 

2021, the Board published a notice in 

the Federal Register (86 FR 66560) 

requesting public comment for 60 days 

on the extension, with revision, of the 

Central Bank Survey of Foreign 

Exchange and Derivatives Market 

Activity. The maturity bands on the FR 

3036 have been revised by replacing the 

existing ‘‘seven days or less’’ category 

with two categories: ‘‘one day’’ and 

‘‘over one day and up to seven days.’’ 

A new item was added: ‘‘of which backto-back trades’’ under the total for spot 

instruments. New items ‘‘of which backto-back trades’’ and ‘‘of which 

compression trades’’ were also added 

for several instrument totals: Outright 

forwards (Table A2), FX swaps (Table 

A2), currency swaps (Table A5), overthe-counter (OTC) options (Table A5), 

FX contracts (Table A5), other products 

(Table A5 and Table B2), forward rate 

agreements (Table B1), overnight 

indexed swaps (Table B1), other swaps 

(Table B1), total OTC options (Table 

B2), and total interest rate contracts 

(Table B2). The Board also added a more 

significant addition in the form of a new 

Settlement of FX Transactions schedule 

(Table A7, Settlement of Foreign 

Exchange Transactions) to collect 

information on FX settlement, including 

a breakdown by counterparty sector, 

currency pair, and settlement method. 

The comment period for this notice 

expired on January 24, 2022. The Board 

did not receive any comments. The 

revisions will be implemented as 

proposed. 

Board of Governors of the Federal Reserve 

System, April 1, 2022. 

Ann Misback, 

Secretary of the Board. 

[FR Doc. 2022–07213 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 Reporting 

Provisions Associated with Regulation 

TT (FR TT; OMB No. 7100–0369). 

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 


lotter on DSK11XQN23PROD with NOTICES1
19930 Federal Register / Vol. 87, No. 66 / Wednesday, April 6, 2022 / Notices 

1 12 U.S.C. 248(s). The second section 11(s) of the 

Federal Reserve Act was added by section 318 of 

the Dodd-Frank Wall Street Reform and Consumer 

Protection Act. There are two subsections of section 

11 of the Federal Reserve Act designated as (s). The 

provision relating to assessments is described as the 

‘‘second’’ subsection (s) as it was enacted later in 

time. 

2 12 CFR 246.5(b). 

3 12 U.S.C. 248(i). 

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

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 

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 Provisions 

Associated with Regulation TT. 

Agency form number: FR TT. 

OMB control number: 7100–0369. 

Frequency: On occasion. 

Respondents: Bank holding 

companies (BHCs) and savings and loan 

holding companies (SLHCs) and all 

nonbank financial companies 

designated for Board supervision by the 

Financial Stability Oversight Council 

(FSOC). 

Estimated number of respondents: 3. 

Estimated average hours per response: 

40. 

Estimated annual burden hours: 120. 

General description of report: The 

Board’s Regulation TT—Supervision 

and Regulation Assessments of Fees (12 

CFR part 246) implements the second 

section 11(s) of the Federal Reserve Act 

(FRA),1 which directs the Board to 

collect assessments, fees, or other 

charges (collectively, assessments) from 

BHCs and SLHCs that meet a size 

threshold and from all nonbank 

financial companies designated for 

Board supervision by the FSOC 

(collectively, assessed companies) in an 

amount equal to the total expenses the 

Board estimates are necessary or 

appropriate to carry out its supervisory 

and regulatory responsibilities with 

respect to such companies. Pursuant to 

Regulation TT, the Board issues an 

annual notice of assessment to each 

assessed company. Assessed companies 

may file a written appeal with the Board 

regarding the assessment.2

Legal authorization and 

confidentiality: The FR TT is authorized 

pursuant to the second section 11(s) of 

the FRA, which requires the Board to 

collect the assessments, as described 

above, and section 11(i) of the FRA,3

which provides that the Board shall 

make all rules and regulations necessary 

to enable the Board to effectively 

perform the duties, functions, or 

services specified in the FRA. The FR 

TT reporting provisions are required to 

obtain a benefit. 

An assessed company may request 

confidential treatment of information 

contained in its appeal pursuant to 

exemption 4 of the Freedom of 

Information Act (FOIA), which protects 

nonpublic commercial or financial 

information, which is both customarily 

and actually treated as private by the 

respondent.4 Determinations of 

confidentiality based on FOIA 

exemption 4 would be made on a caseby-case basis. 

Current actions: On December 10, 

2021, the Board published a notice in 

the Federal Register (86 FR 70498) 

requesting public comment for 60 days 

on the extension, without revision, of 

the FR TT. The comment period for this 

notice expired on February 8, 2022. The 

Board did not receive any comments. 

Board of Governors of the Federal Reserve 

System, April 1, 2022. 

Ann Misback, 

Secretary of the Board. 

[FR Doc. 2022–07230 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 

Recordkeeping and Disclosure 

Requirements Associated with 

Regulation Y for Minimum 

Requirements for Appraisal 

Management Companies (FR HY–5; 

OMB No. 7100–0370). 

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 

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: Recordkeeping and 

Disclosure Requirements Associated 

with Regulation Y for Minimum 

Requirements for Appraisal 

Management Companies. 

Agency form number: FR HY–5. 

OMB control number: 7100–0370. 

Frequency: Event-generated. 

Respondents: The FR HY–5 panel 

comprises federally regulated and state 

regulated appraisal management 

companies (AMCs) and U.S. states, 

except that AMCs that oversee 15 or 

fewer appraisers in a state or less than 

25 appraisers in two or more states are 

exempt from these recordkeeping and 

disclosure requirements. 

Estimated number of respondents: 

Section 225.193(a), 1; Section 

225.192(b), 1,239; Section 225.193(b), 

1,146; Section 225.195(c), 13; Section 

225.196, 51. 

Estimated average hours per response: 

Section 225.193(a), 40; Section 

225.192(b), 0.08; Section 225.193(b), 1; 

Section 225.195(c), 1; Section 225.196, 

1. 

Estimated annual burden hours: 

Section 225.193(a), 40; Section 


lotter on DSK11XQN23PROD with NOTICES1