40842 Federal Register / Vol. 86, No. 143 / Thursday, July 29, 2021 / Notices 

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 Reporting and 

Disclosure Requirements Associated 

with Emergency Lending Under Section 

13(3) (FR A; OMB No. 7100–0373). The 

FR A received a temporary six-month 

clearance on January 28, 2021. This 

action is to extend that clearance for 

three years. 

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—Shagufta Ahmed— 

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 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: Reporting and Disclosure 

Requirements Associated with 

Emergency Lending Under Section 

13(3). 

Agency form number: FR A. 

OMB control number: 7100–0373. 

Frequency: Event-generated. 

Respondents: Entities or persons 

borrowing under an emergency lending 

program or facility established pursuant 

to section 13(3) of the Federal Reserve 

Act. 

Estimated number of respondents: FR 

A–1: 4,914; FR A–2: 3,073; FR A–3: 

12,150; FR A–4: 5. 

Estimated average hours per response: 

FR A–1: 8; FR A–2: 40; FR A–3, Lender 

per-loan certifications: 2; FR A–3, 

Borrower certifications: 8; FR A–4: 1. 

Estimated annual burden hours: 

257,305. 

General description of report: The 

Board’s Regulation A (12 CFR part 201) 

establishes policies and procedures with 

respect to emergency lending under 

section 13(3) of the Federal Reserve Act, 

as required by sections 1101 and 1103 

of the Dodd-Frank Wall Street Reform 

and Consumer Protection Act. 

Regulation A requires that borrowers 

make two certifications in order to 

participate in any emergency lending 

authorized under section 13(3). These 

certifications, designated in this 

information collection as FR A–1, 

include that the borrowers are not 

insolvent and that they cannot obtain 

adequate credit accommodation. 

In addition to these certifications, the 

Board may establish additional 

certification requirements for an 

individual emergency lending facility. 

The second part of the FR A information 

collection, the FR A–2, pertains to 

reporting requirements associated with 

individual facilities that are related to 

requirements of the Coronavirus Aid, 

Relief, and Economic Security Act 

(CARES Act). The third part of FR A, 

designated as the FR A–3, pertains to 

reporting requirements specific to the 

Main Street Expanded Loan Facility, the 

Main Street New Loan Facility, the 

Main Street Priority Loan Facility, the 

Nonprofit Organization Expanded Loan 

Facility, and the Nonprofit Organization 

New Loan Facility (collectively, the 

‘‘Main Street Lending Program’’). The 

fourth part of FR A, designated as the 

FR A–4, pertains to a disclosure 

requirement for Paycheck Protection 

Program (PPP) borrowers seeking to 

reduce the calculation of existing 

outstanding and undrawn available debt 

to participate in the Main Street 

Lending Program. 

Legal authorization and 

confidentiality: The FR A is authorized 

pursuant to section 13(3) of the Federal 

Reserve Act, which sets out 

requirements for emergency lending. 

The obligation to respond is required to 

obtain a benefit. 

The information collected under the 

FR A may be kept confidential under 

exemption 4 of the Freedom of 

Information Act, which protects 

commercial or financial information 

obtained from a person that is privileged 

or confidential. 

Current actions: On March 3, 2021, 

following the temporary approval of a 

fourth set of revisions to the FR A, the 

Board published a Federal Register 

notice (86 FR 12465) requesting public 

comment for 60 days on those 

temporary revisions. The comment 

period for this notice expired on May 3, 

2021. The Board did not receive any 

comments. There are no proposed 

changes to the reporting or disclosure 

requirements, and the burden hours 

remain the same. 

Detailed Discussion of Public 

Comments 

On March 2, 2020, the Board 

published a notice in the Federal 

Register (85 FR 12295) requesting 

public comment for 60 days on the 

extension, without revision, of the FR A. 

One comment was received; it did not 

address aspects of the information 

collection as described in 5 CFR 

1320.8(d). On May 15, 2020, following 

the temporary approval of a first set of 

revisions to the FR A, the Board 

published a Federal Register notice (85 

FR 29447) requesting public comment 

for 60 days on those temporary 

revisions. On June 4, 2020, following 

the temporary approval of a second set 

of revisions to the FR A, the Board 

published a Federal Register notice (85 

FR 34448) requesting public comment 

for 60 days on those temporary 

revisions. On August 21, 2020, 

following the temporary approval of a 

third set of revisions to the FR A, the 

Board published a Federal Register 

notice (85 FR 51715) requesting public 

comment for 60 days on those 

temporary revisions. On March 3, 2021, 

following the temporary approval of a 

fourth set of revisions to the FR A, the 

Board published a Federal Register 

notice (86 FR 12465) requesting public 

comment for 60 days on those 

temporary revisions. No further 

comments were received. 

Board of Governors of the Federal Reserve 

System, July 23, 2021. 

Michele Taylor Fennell, 

Deputy Associate Secretary of the Board. 

[FR Doc. 2021–16147 Filed 7–28–21; 8:45 am] 

BILLING CODE 6210–01–P 


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