[Federal Register Volume 86, Number 109 (Wednesday, June 9, 2021)]
[Notices]
[Pages 30606-30607]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-12090]


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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 
Recordkeeping Requirements Associated with Changes in Foreign 
Investments (Made Pursuant to Regulation K) (FR 2064; OMB No. 7100-
0109).

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. Board-
approved 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, Without Revision, of the Following Information Collection

    Report title: Recordkeeping Requirements Associated with Changes in 
Foreign Investments (Made Pursuant to Regulation K).
    Agency form number: FR 2064.
    OMB control number: 7100-0109.
    Frequency: On occasion.
    Respondents: Internationally active U.S. banking organizations 
(member banks, Edge Act and agreement corporations, and bank holding 
companies).
    Estimated number of respondents: 20.
    Estimated average hours per response: 2.
    Estimated annual burden hours: 160.
    General description of report: This collection concerns internal 
records that internationally active U.S. banking organizations (such as 
internationally active member banks, Edge Act and agreement 
corporations, and bank holding companies) should maintain to 
demonstrate compliance with the investment provisions contained in 
Subpart A of Regulation K--International Banking Operations.
    Legal authorization and confidentiality: The FR 2064 is authorized 
pursuant to section 5(c) of the Bank Holding Company Act; \1\ and 
sections 25(7) and 25A(17) of the Federal Reserve Act.\2\ The 
institutions' obligation to retain the records is mandatory.
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    \1\ 12 U.S.C. 1844(c).
    \2\ 12 U.S.C. 602 and 625.
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    The records related to the FR 2064 are retained at banking 
organizations. However, 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 Freedom of Information Act (FOIA), which protects 
information contained in ``examination, operating, or condition 
reports'' obtained in the bank supervisory process.\3\ Additionally, to 
the extent that such information obtained by the Board constitutes 
nonpublic commercial or financial information, which is both 
customarily and actually treated as private by the financial 
institution, the financial institution may request confidential 
treatment pursuant to exemption 4 of the FOIA.\4\
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    \3\ 5 U.S.C. 552(b)(8).
    \4\ 5 U.S.C. 552(b)(4).
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    Current actions: On February 17, 2021, the Board published an 
initial notice in the Federal Register (86 FR 9938) requesting public 
comment for 60 days on the extension, without revision, of the FR 2064. 
The comment period for this notice expired on April 19, 2021. The Board 
did not receive any comments. The Board will adopt the extension, 
without revision, of the FR 2064 as originally proposed.


[[Page 30607]]


    Board of Governors of the Federal Reserve System, June 4, 2021.
Ann Misback,
Secretary of the Board.
[FR Doc. 2021-12090 Filed 6-8-21; 8:45 am]
BILLING CODE 6210-01-P