Federal Register / Vol. 86, No. 167 / Wednesday, September 1, 2021 / Notices 49029 

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

Mortgage: Pay off statements and 

Mortgage transfer disclosure, 757; 

Certain Home Mortgage Types: Reverse 

mortgage disclosures, 4; HOEPA 

disclosures and HOEPA receipt of 

certification of counseling for high-cost 

mortgages, 32; and Appraisals for 

higher-priced mortgage loans: Review 

and provide copy of initial appraisal, 

Investigate and verify requirement for 

additional appraisal, and Review and 

provide copy of additional appraisal, 

674; Private Education Loans: Private 

student loan disclosures, 24; and 

Advertising Rules (all credit types): 

Advertising rules, 758. 

Estimated average hours per response: 

Open-end (not home-secured credit): 

Applications and solicitations, 0.0014; 

Account opening disclosures, 0.003; 

Periodic statements and Change-interms disclosures, 0.017; Timely 

settlement of estate debts policies, 0.75; 

Timely settlement of estate debts— 

account information to estate 

administrator, 0.003; and Ability to pay 

policies, 0.75; Open-End Credit—Home 

Equity Plans: Application disclosures, 

0.003; Account opening disclosures, 

Periodic statements, Change-in-terms 

disclosures, and Notices to restrict 

credit, 0.017; All Open-End Credit: Error 

resolution—credit cards, 0.5; ClosedEnd Credit—Non-Mortgage: Closed-end 

credit disclosures, 0.017; Closed-End 

Credit—Mortgage: Interest rate and 

payment summary and ‘‘no-guaranteeto-refinance’’ statement, Loan estimate, 

and Closing disclosure, 0.017; ARM 

disclosures and Initial rate adjustment 

notice, 0.003; Periodic statements, 

0.017; Periodic statements in 

bankruptcy (one time), 16.5; Periodic 

statements in bankruptcy (ongoing), 

0.017; Post-consummation disclosures 

for successors in interest (one time), 

16.5; and Post-consummation 

disclosures for successors in interest 

(ongoing), 0.17; Open and Closed-End 

Mortgage: Pay off statements, 0.017; and 

Mortgage transfer disclosure, 0.003; 

Certain Home Mortgage Types: Reverse 

mortgage disclosures, and HOEPA 

disclosures, 0.017; HOEPA receipt of 

certification of counseling for high-cost 

mortgages, 0.003; and Appraisals for 

higher-priced mortgage loans: Review 

and provide copy of initial appraisal, 

Investigate and verify requirement for 

additional appraisal, and Review and 

provide copy of additional appraisal, 

0.25; Private Education Loans: Private 

student loan disclosures, 0.003; and 

Advertising Rules (all credit types): 

Advertising rules, 0.417. 

Estimated annual burden hours: 

Open-end (not home-secured credit): 

Applications and solicitations, 89; 

Account opening disclosures, 853; 

Periodic statements, 150,343; Changein-terms disclosures, 12,526; Timely 

settlement of estate debts policies, 121; 

Timely settlement of estate debts— 

account information to estate 

administrator, 4; and Ability to pay 

policies, 121; Open-End Credit—Home 

Equity Plans: Application disclosures, 

885; Account opening disclosures, 

3,445; Periodic statements, 54,105; 

Change-in-terms disclosures, 902; and 

Notices to restrict credit, 730; All OpenEnd Credit: Error resolution—credit 

cards, 1,047; Closed-End Credit—NonMortgage: Closed-end credit disclosures, 

2,305; Closed-End Credit—Mortgage: 

Interest rate and payment summary and 

‘‘no-guarantee-to-refinance’’ statement, 

128; Loan estimate, 6,756; Closing 

disclosure, 4,967; ARM disclosures, 34; 

Initial rate adjustment notice, 20; 

Periodic statements, 7,335; Periodic 

statements in bankruptcy (one time), 

12,491; Periodic statements in 

bankruptcy (ongoing), 77; Postconsummation disclosures for 

successors in interest (one time), 12,491; 

and Post-consummation disclosures for 

successors in interest (ongoing), 129; 

Open and Closed-End Mortgage: Pay off 

statements, 373; and Mortgage transfer 

disclosure, 89; Certain Home Mortgage 

Types: Reverse mortgage disclosures, 8; 

HOEPA disclosures, 1; HOEPA receipt 

of certification of counseling for highcost mortgages, 0; Appraisals for higherpriced mortgage loans: Review and 

provide copy of initial appraisal, 4,887; 

Investigate and verify requirement for 

additional appraisal, 4,887; and Review 

and provide copy of additional 

appraisal, 202; Private Education Loans: 

Private student loan disclosures, 123; 

and Advertising Rules (all credit types): 

Advertising rules, 1,580. 

General description of report: The 

Truth in Lending Act (TILA) and 

Regulation Z promote the informed use 

of credit to consumers for personal, 

family, or household purposes by 

requiring disclosures about its terms 

and costs, as well as ensure that 

consumers are provided with timely 

information on the nature and costs of 

the residential real estate settlement 

process. 

Legal authorization and 

confidentiality: The disclosure, 

recordkeeping, and other requirements 

of Regulation Z are authorized by TILA, 

which directs the Bureau and, for 

certain lenders, the Board to issue 

regulations implementing the statute. 

The obligation to respond is mandatory. 

The disclosures, records, policies and 

procedures required by Regulation Z are 

not required to be submitted to the 

Board. To the extent such information is 

obtained by the Board through the 

examination process, they may be kept 

confidential under exemption 8 of the 

Freedom of Information Act, which 

protects information contained in or 

related to an examination of a financial 

institution.5

Current actions: On April 16, 2021, 

the Board published an initial notice in 

the Federal Register (86 FR 20156) 

requesting public comment for 60 days 

on the extension, with revision, of the 

FR Z. The Board proposed to revise FR 

Z to: (1) Add burden related to 

disclosure requirements in rules issued 

by the Bureau since the Board’s last 

Paperwork Reduction Act (PRA) 

submission, as well as for one 

information collection for which the 

Bureau estimates burden but the Board 

previously did not; (2) break out and 

clarify burden estimates that were 

previously consolidated; and (3) 

eliminate burden associated with 

certain requirements because the Bureau 

accounts for burden for the entire 

industry, or because the burden is now 

deemed de minimis or a part of an 

institution’s usual and customary 

business practices. The comment period 

for this notice expired on June 15, 2021. 

The Board did not receive any 

comments. The revisions will be 

implemented as proposed. 

Board of Governors of the Federal Reserve 

System, August 26, 2021. 

Michele Taylor Fennell, 

Deputy Associate Secretary of the Board. 

[FR Doc. 2021–18833 Filed 8–31–21; 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 

Registration of a Securities Holding 

Company (FR 2082; OMB No. 7100– 

0347). 

DATES: Comments must be submitted on 

or before November 1, 2021. 

ADDRESSES: You may submit comments, 

identified by FR 2082, by any of the 

following methods: 

• Agency Website: https://

www.federalreserve.gov/. Follow the 

instructions for submitting comments at 


khammond on DSKJM1Z7X2PROD with NOTICES
49030 Federal Register / Vol. 86, No. 167 / Wednesday, September 1, 2021 / Notices 

1See Dodd-Frank Act, Public Law 111–203, 124 

STAT. 1376 (2010). 

2 12 CFR 261.17. 

3 12 U.S.C. 552(b)(4). 

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 146, 

1709 New York Avenue NW, 

Washington, DC 20006, 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, 

Without Revision, the Following 

Information Collection 

Report title: Registration of a 

Securities Holding Company. 

Agency form number: FR 2082. 

OMB control number: 7100–0347. 

Frequency: On occasion. 

Respondents: Certain nonbank 

companies that own at least one 

registered securities broker or dealer 

which elect to become a supervised 

securities holding company (SHC). 

Estimated number of respondents: 1. 

Estimated average hours per response: 

8. 

Estimated annual burden hours: 8. 

General description of report: The FR 

2082 registration form is used whenever 

an SHC elects to register to become 

subject to supervision by the Board 

pursuant to section 618 of the DoddFrank Wall Street Reform and Consumer 

Protection Act (Dodd-Frank Act).1

The FR 2082 requests the following 

from the registering SHC: An 

organization chart (including all 

subsidiaries); information regarding 

certain of the SHC’s subsidiaries; 

shareholder reports and financial 

statements; information regarding the 

SHC’s shareholders, senior officers and 

directors; information regarding the 

methods used by the SHC to monitor 

and control its operations; information 

regarding the SHC’s foreign subsidiaries 

that are subject to comprehensive 

consolidated supervision and the 

regulatory system in which these foreign 

subsidiaries operate; and information 

regarding any other regulatory capital 

framework to which the SHC is subject. 

The information collected by the FR 

2082 registration form is used by the 

Federal Reserve System to determine 

whether the registrant meets the 

requirements to become a supervised 

SHC and to complete the registration. 

Legal authorization and 

confidentiality: The FR 2082 is 

authorized by section 618(b)(2)(A) of the 

Dodd-Frank Act, which requires 

companies that elect SHC status to 

register by filing with the Board such 

information and documents as the 

Board, by regulation, may prescribe. 

Submission of the FR 2082 is required 

to obtain a benefit. 

The information provided on the FR 

2082 form and in connection with an 

SHC’s registration is generally 

considered public. Firms may request 

certain information provided in 

connection with the FR 2082 be kept 

confidential under exemptions of the 

Freedom of Information Act (FOIA) in 

accordance with the Board’s Rules 

Regarding Availability of Information.2

Confidential commercial or financial 

information that is both customarily and 

actually treated as private may be kept 

confidential under the FOIA exemption 

4.3 Personal and biographical 

information of individuals required as 

part of the registration may be treated as 

confidential under the FOIA exemption 

6 if its disclosure ‘‘would constitute a 


khammond on DSKJM1Z7X2PROD with NOTICES
Federal Register / Vol. 86, No. 167 / Wednesday, September 1, 2021 / Notices 49031 

4 12 U.S.C. 552(b)(6). 

1 12 U.S.C. 225a. 

2 12 U.S.C. 263. 

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

clearly unwarranted invasion of 

personal privacy.’’ 4

Board of Governors of the Federal Reserve 

System, August 26, 2021. 

Michele Taylor Fennell, 

Deputy Associate Secretary of the Board. 

[FR Doc. 2021–18830 Filed 8–31–21; 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, with revision, the Census of 

Finance Companies and Other Lenders 

and the Survey of Finance Companies 

(FR 3033p and FR 3033s; OMB No. 

7100–0277). The revisions are effective 

immediately. 

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, With Revision, of the Following 

Information Collections 

Report title: Census of Finance 

Companies and Other Lenders. 

Agency form number: FR 3033p. 

OMB control number: 7100–0227. 

Effective Date: The revisions are 

effective immediately. 

Frequency: Quinquennially. 

Respondents: Finance Companies. 

Estimated number of respondents: 

12,800. 

Estimated average hours per response: 

0.33. 

Estimated annual burden hours: 

4,224. 

General description of report: The FR 

3033p is a census survey designed to 

identify the universe of finance 

companies eligible for potential 

inclusion in the FR 3033s and to enable 

the stratification of the sample for more 

statistically efficient estimation. The FR 

3033p is currently composed of seven 

questions to assess the company’s asset 

size, level of loan and lease activity, 

company structure, and licensing 

authority. 

Report title: Survey of Finance 

Companies. 

Agency form number: FR 3033s. 

OMB control number: 7100–0227. 

Effective Date: The revisions are 

effective immediately. 

Frequency: Quinquennially. 

Respondents: Finance Companies. 

Estimated number of respondents: 

900. 

Estimated average hours per response: 

1. 

Estimated annual burden hours: 900. 

General description of report: From 

the universe of finance companies 

identified by the Census of Finance 

Companies and Other Lenders (FR 

3033p), a sample of finance companies 

will be invited to fill out FR 3033s. 

From these finance companies, the FR 

3033s collects balance sheet data on 

major categories of consumer and 

business credit receivables and major 

liabilities. In addition, the survey may 

be used to gather information on topics 

that are pertinent to increasing the 

Federal Reserve’s understanding of the 

finance companies. 

Legal authorization and 

confidentiality: The FR 3033p and FR 

3033s are 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 

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 

Federal Open Market Committee is 

required to implement regulations 

relating to the open market operations 

conducted by Federal Reserve Banks 

with a view to accommodating 

commerce and business and with regard 

to their bearing upon the general credit 

situation of the country.2 Information 

collected from the FR 3033p and FR 

3033s is used to fulfill these obligations. 

The FR 3033p and FR 3033s are 

voluntary. The information collected 

pursuant to the FR 3033p and FR 3033s 

may be treated as confidential pursuant 

to exemption 4 of the Freedom of 

Information Act,3 which protects 

information that is both customarily and 

actually treated as private by the 

respondent. 

Current actions: On May 25, 2021, the 

Board published a notice in the Federal 

Register (86 FR 28105) requesting 

public comment for 60 days on the 

extension, with revision, of the Census 

of Finance Companies and Survey of 

Finance Companies. Board staff 

proposed revising the FR 3033s to 

improve clarity, simplify the form 

overall, and collect additional 

information on the COVID–19 impacts 

on lending activities. The Board did not 

propose any revisions to the FR 3033p. 

The FR 3033s revisions are effective for 

the proposed September 2021 survey 

date. The comment period for this 

notice expired on July 26, 2021. The 

Board did not receive any comments. 

The revisions will be implemented as 

proposed. 

Board of Governors of the Federal Reserve 

System, August 26, 2021. 

Michele Taylor Fennell, 

Deputy Associate Secretary of the Board. 

[FR Doc. 2021–18831 Filed 8–31–21; 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 


khammond on DSKJM1Z7X2PROD with NOTICES