19928 Federal Register / Vol. 87, No. 66 / Wednesday, April 6, 2022 / Notices 

1 12 U.S.C. 324, 602, and 625. 

2 12 U.S.C. 1844(c). 

3 12 U.S.C. 1467a(b)(3). 

4 12 U.S.C. 3105(c)(2). 

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

6 5 U.S.C. 552(b)(4). 

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: Interagency Policy 

Statement on Funding and Liquidity 

Risk Management. 

Agency form number: FR 4198. 

OMB control number: 7100–0326. 

Frequency: Annually. 

Respondents: Bank holding 

companies, savings and loan holding 

companies, state-licensed branches and 

agencies of foreign banks (other than 

insured branches), corporations 

organized or operating under sections 

25 or 25A of the Federal Reserve Act 

(agreement corporations and Edge 

corporations), and state member banks. 

Estimated number of respondents: 

Implementation of Recordkeeping 

Guidance, 37; Ongoing Recordkeeping, 

4,646. 

Estimated average hours per response: 

Implementation of Recordkeeping 

Guidance, 1; Ongoing Recordkeeping, 1. 

Estimated annual burden hours: 

154,592. 

General description of report: The 

Interagency Policy Statement on 

Funding and Liquidity Risk 

Management (Guidance) was issued to 

provide consistent interagency 

expectations on sound practices for 

managing funding and liquidity risk. 

The Guidance includes a number of 

voluntary recordkeeping provisions that 

apply to the respondents listed above. 

The recordkeeping provisions relate to 

liquidity risk management policies, 

procedures, and assumptions, and 

contingency funding plans. 

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 1

(for state member banks, agreement 

corporations, and Edge corporations, 

respectively); section 5(c) of the Bank 

Holding Company Act 2 (for bank 

holding companies); section 10(b)(3) of 

the Home Owners’ Loan Act 3 (savings 

and loan holding companies), and 

section 7(c)(2) of the International 

Banking Act 4 (state-licensed branches 

and agencies of foreign banks, other 

than insured branches). The FR 4198 

recordkeeping provisions are contained 

within guidance, which is nonbinding, 

and therefore 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. 

In the event the records are 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.5 In addition, 

the information may also be kept 

confidential under exemption 4 for the 

FOIA, which protects public 

commercial or financial information, 

which is both customarily and actually 

treated as private by the respondent.6

Board of Governors of the Federal Reserve 

System, April 1, 2022. 

Margaret Shanks, 

Deputy Secretary of the Board. 

[FR Doc. 2022–07222 Filed 4–5–22; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL RESERVE SYSTEM 

Formations of, Acquisitions by, and 

Mergers of Bank Holding Companies 

The companies listed in this notice 

have applied to the Board for approval, 

pursuant to the Bank Holding Company 

Act of 1956 (12 U.S.C. 1841 et seq.) 

(BHC Act), Regulation Y (12 CFR part 

225), and all other applicable statutes 

and regulations to become a bank 

holding company and/or to acquire the 

assets or the ownership of, control of, or 

the power to vote shares of a bank or 

bank holding company and all of the 

banks and nonbanking companies 

owned by the bank holding company, 

including the companies listed below. 

The public portions of the 

applications listed below, as well as 

other related filings required by the 

Board, if any, are available for 

immediate inspection at the Federal 

Reserve Bank(s) indicated below and at 

the offices of the Board of Governors. 

This information may also be obtained 

on an expedited basis, upon request, by 

contacting the appropriate Federal 

Reserve Bank and from the Board’s 

Freedom of Information Office at 

https://www.federalreserve.gov/foia/ 

request.htm. Interested persons may 

express their views in writing on the 

standards enumerated in the BHC Act 

(12 U.S.C. 1842(c)). 

Comments regarding each of these 

applications must be received at the 

Reserve Bank indicated or the offices of 

the Board of Governors, Ann E. 

Misback, Secretary of the Board, 20th 

Street and Constitution Avenue NW, 

Washington, DC 20551–0001, not later 

than May 6, 2022. 

A. Federal Reserve Bank of St. Louis 

(Holly A. Rieser, Manager) P.O. Box 442, 

St. Louis, Missouri 63166–2034. 

Comments can also be sent 

electronically to 

Comments.applications@stls.frb.org: 

1. FMB Bancshares, Inc., Baldwyn, 

Mississippi; to become a bank holding 

company by acquiring Farmers & 

Merchants Bank, Baldwyn, Mississippi. 

Board of Governors of the Federal Reserve 

System, April 1, 2022. 

Ann E. Misback, 

Secretary of the Board. 

[FR Doc. 2022–07235 Filed 4–5–22; 8:45 am] 

BILLING CODE 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, with revision, the Central Bank 

Survey of Foreign Exchange and 

Derivatives Market Activity (FR 3036; 

OMB No. 7100–0285). The revisions are 

applicable as of April 2022. 

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 


lotter on DSK11XQN23PROD with NOTICES1
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 


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