Federal Register / Vol. 87, No. 108 / Monday, June 6, 2022 / Notices 34271 

Board of Governors of the Federal Reserve 

System. 

Ann E. Misback, 

Secretary of the Board. 

[FR Doc. 2022–12034 Filed 6–3–22; 8:45 am] 

BILLING CODE P 

FEDERAL RESERVE SYSTEM 

Privacy Act of 1974; System of 

Records 

AGENCY: Board of Governors of the 

Federal Reserve System. 

ACTION: Notice of a modified system of 

records. 

SUMMARY: Pursuant to the provisions of 

the Privacy Act of 1974, notice is given 

that the Board of Governors of the 

Federal Reserve System (Board) 

proposes to modify an existing system 

of records, entitled BGFRS–41, ‘‘FRB— 

Ethics Program Records,’’ which 

maintains information collected in 

connection with the administration of 

the Board’s Ethics Program and enables 

the Board to ensure public trust in the 

Board’s and the Federal Open Market 

Committee’s monetary responsibilities. 

DATES: This modified system of records 

will become effective upon publication 

in the Federal Register, without further 

notice, unless comments dictate 

otherwise. Comments must be received 

on or before July 6, 2022. 

The Office of Management and Budget 

(OMB), which has oversight 

responsibility under the Privacy Act, 

requires a 30-day period prior to 

publication in the Federal Register in 

which to review the system and to 

provide any comments to the agency. 

The public is then given a 30-day period 

in which to comment, in accordance 

with 5 U.S.C. 552a(e)(4) and (11). 

ADDRESSES: You may submit comments, 

identified by BGFRS–41 ‘‘FRB—Ethics 

Program Records,’’ by any of the 

following methods: 

• Agency Website: https://

www.federalreserve.gov. Follow the 

instructions for submitting comments at 

https://www.federalreserve.gov/apps/ 

foia/proposedregs.aspx. 

• Email: regs.comments@

federalreserve.gov. Include name and 

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 will be made 

available on the Board’s website at 

https://www.federalreserve.gov/apps/ 

foia/proposedregs.aspx as submitted, 

unless modified for technical reasons or 

to remove sensitive personally 

identifiable information. Public 

comments may also be viewed 

electronically and in-person in Room 

M–4365A, 2001 C St. NW, Washington, 

DC 20551, between 9:00 a.m. and 5:00 

p.m. during federal business weekdays. 

FOR FURTHER INFORMATION CONTACT: 

David B. Husband, Senior Counsel, 

(202) 530–6270 or david.b.husband@

frb.gov; Legal Division, Board of 

Governors of the Federal Reserve 

System, 20th Street and Constitution 

Avenue NW, Washington, DC 20551. If 

you are deaf, hard of hearing, or have a 

speech disability, please dial 7–1–1 to 

access telecommunication relay 

services. 

SUPPLEMENTARY INFORMATION: The Board 

is modifying this system of records to 

account for the addition to the system 

of information related to compliance by 

certain Board and Reserve Bank 

employees, including Board members 

and Reserve Bank presidents, with the 

rules and reporting requirements set out 

in the Federal Open Market Committee’s 

(FOMC) Investment and Trading Policy 

for FOMC Officials (‘‘investment and 

trading policy’’). As a result, the Board 

is updating the ‘‘Categories of Records 

in the System’’ section to indicate that 

the system will include investment and 

trading activity information collected 

for the purposes of administering the 

investment and trading policy. In 

addition, the Board is updating the 

‘‘Categories of Individuals Covered by 

the System’’ and ‘‘Record Source 

Categories’’ sections to indicate that the 

system will now include information 

relating to Reserve Bank personnel. In 

light of the purposes of the investment 

and trading policy and the new 

information that will be collected 

pursuant to the policy, the Board is also 

expanding the purpose of the system to 

align with the Board’s commitment to 

upholding the highest standards of 

ethical conduct and the maintenance of 

public trust, which is critical to the 

execution of the Board’s and the 

FOMC’s monetary policy 

responsibilities. 

Finally, in the ‘‘Categories of Records 

in the System’’ section, the Board is 

replacing the reference to ‘‘ethics 

inquiries’’ with a broader reference to 

‘‘ethics matters;’’ updating the System 

Manager; and updating the 

‘‘Administrative, Physical, and 

Technical Safeguards’’ section to better 

reflect the applicable safeguards. 

SYSTEM NAME AND NUMBER: 

BGFRS–41, ‘‘FRB—Ethics Program 

Records’’ 

SECURITY CLASSIFICATION: 

Unclassified. 

SYSTEM LOCATION: 

Board of Governors of the Federal 

Reserve System, 20th Street and 

Constitution Avenue NW, Washington, 

DC 20551. 

SYSTEM MANAGER(S): 

Sean Croston, Alternate Designated 

Agency Ethics Official, Legal Division, 

Board of Governors of the Federal 

Reserve System, 20th Street and 

Constitution Avenue NW, Washington, 

DC 20551, (202) 452–2810, or 

sean.d.croston@frb.gov. 

AUTHORITY FOR MAINTENANCE OF THE SYSTEM: 

12 U.S.C. 244; Ethics in Government 

Act of 1978, 5 U.S.C. app; Ethics Reform 

Act of 1989, Pub. L. 101–194; 5 CFR 

2638.104(c)(2). 

PURPOSE(S) OF THE SYSTEM: 

This system of records enables the 

Board to administer the Board’s Ethics 

Program consistent with applicable 

requirements in furtherance of the 

Board’s commitment to uphold the 

highest standards of ethical conduct. 

This system of records also enables the 

Board to ensure public trust in the 

Board’s as well as the Federal Open 

Market Committee’s monetary policy 

responsibilities. 

CATEGORIES OF INDIVIDUALS COVERED BY THE

SYSTEM: 

Individuals covered by this system 

consist of prospective, current, and 

former Board and Federal Reserve Bank 

employees, including Board members 

and Reserve Bank presidents. 

CATEGORIES OF RECORDS IN THE SYSTEM: 

This system covers records regarding 

ethics matters involving prospective, 

current, and former Board and Reserve 

Bank employees. For example, the 

records may contain, without limitation: 

the prospective, current, or former 

employee’s name, address, telephone 

number, and email address; ethics 

advice (including waivers); 

compensated outside employment 

approvals (i.e., employment outside of 

or unrelated to the employee’s official 

Board duties); information in support of 

Public Financial Disclosure Reports and 

Confidential Financial Disclosure 

Reports that is not already covered by 

the government-wide system of record 

notices ‘‘OGE/GOVT–1, Executive 

Branch Public Financial Disclosure 

Reports and Other Name-Retrieved 


lotter on DSK11XQN23PROD with NOTICES1
34272 Federal Register / Vol. 87, No. 108 / Monday, June 6, 2022 / Notices 

Ethics Program Records’’ and ‘‘OGE/ 

GOVT–2, Executive Branch Confidential 

Financial Disclosure Reports;’’ and 

information regarding investment and 

trading activity collected for the 

purposes of administering the Federal 

Open Market Committee’s ‘‘Investment 

and Trading Policy for FOMC Officials.’’ 

In addition, the system may also contain 

records relating to the employment or 

financial interests of the family 

members of prospective, current, or 

former Board and Reserve Bank 

employees. 

RECORD SOURCE CATEGORIES: 

The primary source of the information 

is the prospective, current, or former 

Board or Reserve Bank employee. Other 

sources may include, but are not limited 

to, the employee’s supervisors, 

attorneys, representatives, or family 

members, Office of Inspector General 

staff, and other Board or Reserve Bank 

staff. 

ROUTINE USES OF RECORDS MAINTAINED IN THE

SYSTEM, INCLUDING CATEGORIES OF USERS AND

PURPOSES OF SUCH USES: 

General routine uses, A, B, C, D, E, F, 

G, H, I, and J apply to this system. These 

general routine uses are located at 

https://www.federalreserve.gov/files/ 

SORN-page-general-routine-uses-ofboard-systems-of-records.pdf and are 

published in the Federal Register at 83 

FR 43872 at 43873–74 (August 28, 

2018). 

POLICIES AND PRACTICES FOR STORAGE OF

RECORDS: 

Paper records in this system are 

stored in locked file cabinets with 

access limited to staff with a need to 

know. Electronic records are stored on 

a secure server with access limited to 

staff with a need to know. 

POLICIES AND PRACTICES FOR RETRIEVAL OF

RECORDS: 

Paper and electronic records can be 

retrieved by name or other personal 

identifiers. 

POLICIES AND PRACTICES FOR RETENTION AND

DISPOSAL OF RECORDS: 

The retention period for the records in 

this system is six years or when no 

longer needed for an active 

investigation, whichever is later, but 

longer retention is authorized if 

required for business use. 

ADMINISTRATIVE, TECHNICAL, AND PHYSICAL

SAFEGUARDS: 

Paper records are secured by lock and 

key and electronic files are stored on 

secure servers. The system has the 

ability to track individual user actions 

within the system. The audit and 

accountability controls are based on 

NIST and Board standards which, in 

turn, are based on applicable laws and 

regulations. The controls assist in 

detecting security violations and 

performance or other issues in the 

system. Access to the system is 

restricted to authorized users who 

require access for official business 

purposes. Users are classified into 

different roles and common access and 

usage rights are established for each 

role. User roles are used to delineate 

between the different types of access 

requirements such that users are 

restricted to data that is required in the 

performance of their duties. Periodic 

assessments and reviews are conducted 

to determine whether users still require 

access, have the appropriate role, and 

whether there have been any 

unauthorized changes. 

RECORD ACCESS PROCEDURES: 

The Privacy Act allows individuals 

the right to access records maintained 

about them in a Board system of 

records. Your request for access must: 

(1) contain a statement that the request 

is made pursuant to the Privacy Act of 

1974; (2) provide either the name of the 

Board system of records expected to 

contain the record requested or a 

concise description of the system of 

records; (3) provide the information 

necessary to verify your identity; and (4) 

provide any other information that may 

assist in the rapid identification of the 

record you seek. 

Current or former Board employees 

may make a request for access by 

contacting the Board office that 

maintains the record. The Board 

handles all Privacy Act requests as both 

a Privacy Act request and as a Freedom 

of Information Act request. The Board 

does not charge fees to a requestor 

seeking to access or amend his/her 

Privacy Act records. 

You may submit your Privacy Act 

request to the—Secretary of the Board, 

Board of Governors of the Federal 

Reserve System, 20th Street and 

Constitution Avenue NW, Washington, 

DC 20551. 

You may also submit your Privacy Act 

request electronically by filling out the 

required information at: https://

foia.federalreserve.gov/. 

CONTESTING RECORD PROCEDURES: 

The Privacy Act allows individuals to 

seek amendment of information that is 

erroneous, irrelevant, untimely, or 

incomplete and is maintained in a 

system of records that pertains to them. 

To request an amendment to your 

record, you should clearly mark the 

request as a ‘‘Privacy Act Amendment 

Request.’’ You have the burden of proof 

for demonstrating the appropriateness of 

the requested amendment and you must 

provide relevant and convincing 

evidence in support of your request. 

Your request for amendment must: (1) 

provide the name of the specific Board 

system of records containing the record 

you seek to amend; (2) identify the 

specific portion of the record you seek 

to amend; (3) describe the nature of and 

reasons for each requested amendment; 

(4) explain why you believe the record 

is not accurate, relevant, timely, or 

complete; and (5) unless you have 

already done so in a related Privacy Act 

request for access or amendment, 

provide the necessary information to 

verify your identity. 

NOTIFICATION PROCEDURES: 

Same as ‘‘Access procedures’’ above. 

You may also follow this procedure in 

order to request an accounting of 

previous disclosures of records 

pertaining to you as provided for by 5 

U.S.C. 552a(c). 

EXEMPTIONS PROMULGATED FOR THE SYSTEM: 

None. 

HISTORY: 

This system was previously published 

in the Federal Register at 84 FR 7054 

(March 1, 2019). 

Board of Governors of the Federal Reserve 

System. 

Ann Misback, 

Secretary of the Board. 

[FR Doc. 2022–12033 Filed 6–3–22; 8:45 am] 

BILLING CODE P 

FEDERAL TRADE COMMISSION 

Agency Information Collection 

Activities; Submission for OMB 

Review; Comment Request 

AGENCY: Federal Trade Commission 

(FTC). 

ACTION: Notice and request for comment. 

SUMMARY: The FTC requests that the 

Office of Management and Budget 

(OMB) extend for three years the current 

Paperwork Reduction Act (PRA) 

clearance for information collection 

requirements contained in the agency’s 

Health Breach Notification Rule (or 

Rule). That clearance expires on June 

30, 2022. 

DATES: Comments must be received by 

July 6, 2022. 

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/ 


lotter on DSK11XQN23PROD with NOTICES1