49034 Federal Register / Vol. 86, No. 167 / Wednesday, September 1, 2021 / Notices 

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 the Guidance on Sound 

Incentive Compensation Policies. 

Agency form number: FR 4027. 

OMB control number: 7100–0327. 

Frequency: As needed. 

Respondents: U.S. bank holding 

companies, savings and loan holding 

companies, state member banks, Edge 

Act and agreement corporations, and the 

U.S. operations of foreign banks with a 

branch, agency, or commercial lending 

company subsidiary in the United States 

(collectively, banking organizations). 

Estimated number of respondents: 

One-time implementation, large 

institutions: 1; one-time 

implementation, small institutions: 1; 

ongoing maintenance: 5,259. 

Estimated average hours per response: 

One-time implementation, large 

institutions: 480; one-time 

implementation, small institutions: 80; 

ongoing maintenance: 40. 

Estimated annual burden hours: Onetime implementation, large institutions: 

480; one-time implementation, small 

institutions: 80; ongoing maintenance: 

210,360. 

General description of report: The 

Guidance on Sound Incentive 

Compensation Policies (the Guidance) is 

an interagency publication promulgated 

by the Board, the Office of the 

Comptroller of the Currency (OCC), and 

the Federal Deposit Insurance 

Corporation (FDIC) that is intended to 

assist banking organizations in 

designing and implementing incentive 

compensation arrangements that do not 

encourage imprudent risk-taking and 

that are consistent with the safety and 

soundness of the organization. The 

Guidance contains voluntary 

recordkeeping activities. 

The Guidance is based on three key 

principles. These principles provide 

that incentive compensation 

arrangements at a banking organization 

should: 

1. Provide employees incentives that 

appropriately balance risk and reward; 

2. Be compatible with effective 

controls and risk-management; and 

3. Be supported by strong corporate 

governance, including active and 

effective oversight by the organization’s 

board of directors. 

The recordkeeping provisions of the 

Guidance are contained within 

principles 2 and 3. 

Principle 2—Compatibility With 

Effective Controls and Risk Management 

Pursuant to Principle 2 of the 

Guidance, a banking organization’s riskmanagement processes and internal 

controls should reinforce and support 

the development and maintenance of 

balanced incentive compensation 

arrangements. Principle 2 states that 

banking organizations should create and 

maintain sufficient documentation to 

permit an audit of the organization’s 

processes for establishing, modifying, 

and monitoring incentive compensation 

arrangements. 

Additionally, global systemically 

important bank holding companies and 

banking organizations subject to 

Category II–IV enhanced prudential 

standards under Regulation YY and 

foreign banking organizations required 

to form an intermediate holding 

company under Regulation YY should 

maintain policies and procedures that 

(1) identify and describe the role(s) of 

the personnel, business units, and 

control units authorized to be involved 

in the design, implementation, and 

monitoring of incentive compensation 

arrangements, (2) identify the source of 

significant risk-related inputs into these 

processes and establish appropriate 

controls governing the development and 

approval of these inputs to help ensure 

their integrity, and (3) identify the 

individual(s) and control unit(s) whose 

approval is necessary for the 

establishment of new incentive 

compensation arrangements or 

modification of existing arrangements. 

Principle 3—Strong Corporate 

Governance 

Pursuant to Principle 3 of the 

Guidance, banking organizations should 

have strong and effective corporate 

governance to help ensure sound 

compensation practices. Principle 3 

states that a banking organization’s 

board of directors should approve and 

document any material exceptions or 

adjustments to the organization’s 

incentive compensation arrangements 

established for senior executives. 

Legal authorization and 

confidentiality: The recordkeeping 

provisions of the Guidance are 

authorized pursuant to the Board’s 

examination and reporting authorities, 

located in sections 9, 11(a), 25, and 25A 

of the Federal Reserve Act, section 5 of 

the Bank Holding Company Act, section 

10(b) of the Home Owners’ Loan Act, 

and section 7(c) of the International 

Banking Act, and by section 39 of the 

Federal Deposit Insurance Act, which 

authorizes the Board to prescribe 

compensation standards. 

Because the recordkeeping provisions 

are contained within guidance, which is 

nonbinding, they are voluntary. There 

are no reporting forms associated with 

this information collection. 

Because the incentive compensation 

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 banking organization, 

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. In addition, 

the information may also constitute 

nonpublic commercial or financial 

information, which is both customarily 

and actually treated as private by the 

respondent, and thus may be kept 

confidential by the Board pursuant to 

exemption 4 of the FOIA. 

Consultation outside the agency: The 

Board has consulted with the FDIC and 

OCC and confirmed that there will be no 

revisions to the guidance. 

Board of Governors of the Federal Reserve 

System, August 26, 2021. 

Michele Taylor Fennell, 

Deputy Associate Secretary of the Board. 

[FR Doc. 2021–18834 Filed 8–31–21; 8:45 am] 

BILLING CODE 6210–01–P 

DEPARTMENT OF HEALTH AND 

HUMAN SERVICES 

Administration for Children and 

Families 

Submission for OMB Review; Head 

Start REACH: Strengthening Outreach, 

Recruitment, and Engagement 

Approaches With Families (New 

Collection) 

AGENCY: Office of Planning, Research, 

and Evaluation, Administration for 

Children and Families, HHS. 

ACTION: Request for public comment. 

SUMMARY: The Administration for 

Children and Families (ACF) within the 

U.S. Department of Health and Human 

Services (HHS) is proposing to collect 

data on different approaches that Head 

Start programs use for the recruitment, 

selection, enrollment, and retention 

(RSER) of families facing adversities and 

the community organizations with 


khammond on DSKJM1Z7X2PROD with NOTICES
Federal Register / Vol. 86, No. 167 / Wednesday, September 1, 2021 / Notices 49035 

which it partners to support these 

activities. This study aims to present an 

internally valid description of RSER 

approaches used by six purposively 

selected programs, not to promote 

statistical generalization to different 

sites or service populations. 

DATES: Comments due within 30 days of 

publication. OMB is required to make a 

decision concerning the collection of 

information between 30 and 60 days 

after publication of this document in the 

Federal Register. Therefore, a comment 

is best assured of having its full effect 

if OMB receives it within 30 days of 

publication. 

ADDRESSES: Written comments and 

recommendations for the proposed 

information collection should be sent 

within 30 days of publication of this 

notice to www.reginfo.gov/public/do/ 

PRAMain. Find this particular 

information collection by selecting 

‘‘Currently under 30-day Review—Open 

for Public Comments’’ or by using the 

search function. 

SUPPLEMENTARY INFORMATION: 

Description: The Head Start REACH: 

Strengthening Outreach, Recruitment 

and Engagement Approaches with 

Families project is proposing to conduct 

qualitative case studies to examine the 

approaches used by Head Start 

programs to recruit, select, enroll, and 

retain families experiencing adversities 

and the implementation of these 

approaches, including supporting 

factors and barriers. Adversities is a 

broad term that refers to a wide range 

of circumstances or events that pose a 

threat to a child or caregiver’s physical 

or psychological well-being. The 

adversities that families experience are 

often intertwined with poverty, may cooccur, and are affected by systematic 

factors, such as structural racism. 

Common examples include (but are not 

limited to) families experiencing 

homelessness; involvement in child 

welfare, including foster care; and 

affected by substance use, mental health 

issues, and domestic violence. 

We will collect information from six 

sites; each site will include (1) a Head 

Start program that has demonstrated 

success in the RSER of families 

experiencing adversities and (2) up to 

four of its community partner 

organizations that serve families 

experiencing adversities. 

We will collect information on how 

programs determine which adversities 

to focus on for their RSER efforts; RSER 

approaches programs use, focusing 

specifically on families experiencing 

adversities; RSER-related training and 

support that Head Start staff receive; 

partnerships that programs form with 

organizations in the community to 

support these activities; and supporting 

factors and barriers to participation of 

enrolled and non-enrolled families who 

face adversities. 

Respondents: Head Start program 

directors, Head Start staff conducting 

eligibility, recruitment, selection, 

enrollment, attendance (ERSEA) 

activities, staff from community 

organizations with which Head Start 

programs partner for ERSEA activities, 

Head Start-eligible parents enrolled in 

Head Start, and those not enrolled in 

Head Start. 

Annual Burden Estimates 

Instrument 

Number of 

respondents 

(total over 

request 

period) 

Number of 

responses per 

respondent 

(total over 

request 

period) 

Average 

burden per 

response 

(in hours) 

Total/annual 

burden 

(in hours) 

Program director recruitment call protocol (Instrument 1) ............................... 6 1 0.50 3.0 

Program staff interview protocol: Program director (Instrument 2) a ............... 6 1 1.0 6.0 

Program staff interview protocol ERSEA staff (Instrument 2) a ....................... 24 1 1.5 36 

Head Start program study activities and focus group coordination b .............. 6 1 8.0 48 

Head Start enrolled families focus group guide (Instrument 3) ...................... 60 1 1.5 90 

Community partner recruitment call protocol (Instrument 4) ........................... 24 1 0.17 4.0 

Community partner staff interview protocol (Instrument 5) ............................. 24 1 0.75 18 

Community partner focus group coordination b ............................................... 6 1 3.0 18 

Families not enrolled in Head Start focus group guide (Instrument 6) c ......... 60 1 1.5 90 

aThere is one interview protocol for both the program director and the ERSEA staff and the interviewer will tailor it to the respondent(s). bThere is no instrument, only a document of duties associated with this activity. 

c If needed, we will offer the option of a 45-minute one-on-one interview; however, as we do not expect to have to use the interview option 

often, the table reflects a 90-minute burden for all families not enrolled in Head Start. 

Estimated Total Annual Burden 

Hours: 313. 

Authority: Head Start Act Section 640 

[42 U.S.C. 9835] 

Mary B. Jones, 

ACF/OPRE Certifying Officer. 

[FR Doc. 2021–18917 Filed 8–31–21; 8:45 am] 

BILLING CODE 4184–22–P 

DEPARTMENT OF HEALTH AND 

HUMAN SERVICES 

Food and Drug Administration 

[Docket No. FDA–2021–N–0860] 

Psychopharmacologic Drugs Advisory 

Committee; Notice of Meeting; 

Establishment of a Public Docket; 

Request for Comments 

AGENCY: Food and Drug Administration, 

HHS. 

ACTION: Notice; establishment of a 

public docket; request for comments. 

SUMMARY: The Food and Drug 

Administration (FDA) announces a 

forthcoming public advisory committee 

meeting of the Psychopharmacologic 

Drugs Advisory Committee. The general 

function of the committee is to provide 

advice and recommendations to FDA on 

regulatory issues. The meeting will be 

open to the public. FDA is establishing 

a docket for public comment on this 

document. 

DATES: The meeting will be held on 

November 4, 2021, from 10 a.m. to 4 

p.m. Eastern Time. 

ADDRESSES: Please note that due to the 

impact of this COVID–19 pandemic, all 

meeting participants will be joining this 

advisory committee meeting via an 

online teleconferencing platform. 

Answers to commonly asked questions 

about FDA advisory committee meetings 


khammond on DSKJM1Z7X2PROD with NOTICES