30604 Federal Register / Vol. 86, No. 109 / Wednesday, June 9, 2021 / Notices 

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. 

A copy of the Paperwork Reduction 

Act (PRA) OMB submission, including 

the reporting form and instructions, 

supporting statement, and other 

documentation will be available at 

https://www.reginfo.gov/public/do/ 

PRAMain, if approved. These 

documents will also 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. 

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: Basel II Interagency Pillar 

2 Supervisory Guidance. 

Agency form number: FR 4199. 

OMB control number: 7100–0320. 

Frequency: As needed. 

Respondents: State member banks and 

bank holding companies (BHCs) that use 

the advanced approaches framework. 

Estimated number of respondents: 15. 

Estimated average hours per response: 

420. 

Estimated annual burden hours: 

6,300. 

General description of report: The 

Pillar 2 Guidance is intended to assist 

banking organizations that are subject to 

the Basel II advanced approaches capital 

adequacy framework (advanced 

approaches framework) in applying that 

framework. Advanced approaches 

banking organizations are required to 

use an internal ratings-based approach 

to calculate regulatory credit risk capital 

requirements and advanced 

measurement approaches to calculate 

regulatory operational risk capital 

requirements. Banking organizations are 

required to meet certain qualification 

requirements before they can use the 

advanced approaches framework for 

risk-based capital purposes. The Pillar 2 

Guidance sets the expectation that such 

organizations maintain certain 

documentation as described in 

paragraphs 37, 41, 43, and 46 of this 

portion of the guidance. 

Legal authorization and 

confidentiality: The collection of 

information is authorized pursuant to 

sections 9 and 11 of the Federal Reserve 

Act, section 5 of the Bank Holding 

Company Act of 1956, and section 161 

of the Dodd-Frank Wall Street Reform 

and Consumer Protection Act. The FR 

4199 is voluntary. 

Because the collections of information 

associated with the guidance is 

maintained by each institution, 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 the 

examination or supervision of a 

financial institution, this information 

would 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 be kept 

confidential under exemption 4 of the 

FOIA, which protects trade secrets and 

commercial or financial information 

obtained from a person that is both 

customarily and actually treated as 

private by the respondent. 

Consultation outside the agency: The 

Board has consulted with the Federal 

Deposit Insurance Corporation and the 

Office of the Comptroller of the 

Currency and confirmed that there will 

be no revisions to the guidance, and no 

revision to the time per response 

estimates. 

Board of Governors of the Federal Reserve 

System, June 4, 2021. 

Ann Misback, 

Secretary of the Board. 

[FR Doc. 2021–12087 Filed 6–8–21; 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, without revision, the 

International Applications and Prior 

Notifications under Subpart B of 

Regulation K (FR K–2; OMB No. 7100– 

0284). 

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. 


lotter on DSK11XQN23PROD with NOTICES1
Federal Register / Vol. 86, No. 109 / Wednesday, June 9, 2021 / Notices 30605 

1The term ‘‘office’’ means any branch, agency, or 

representative office, or a commercial lending 

company subsidiary. 

2 12 U.S.C. 3105, 3107, and 3108. 

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

4 5 U.S.C. 552(b)(6). 5 5 U.S.C. 552(b)(8). 

1 12 U.S.C. 1842(a). 

2 12 U.S.C. 1842(c). 

Final Approval Under OMB Delegated 

Authority of the Extension for Three 

Years, Without Revision, of the 

Following Information Collection 

Report title: The International 

Applications and Prior Notifications 

under Subpart B of Regulation K. 

Agency form number: FR K–2. 

OMB control number: 7100–0284. 

Frequency: On occasion. 

Respondents: Foreign banks. 

Estimated number of respondents: 13. 

Estimated average hours per response: 

Reporting: 35; Disclosure: 1. 

Estimated annual burden hours: 

Reporting: 455; Disclosure: 13. 

General description of report: Under 

the International Banking Act of 1978 

(IBA), foreign banks are required to 

obtain the prior approval of the Board 

to establish a branch, agency, or 

representative office; to establish or 

acquire ownership or control of a 

commercial lending company in the 

United States; or to change the status of 

an agency or limited branch to a branch 

in the United States. The Board uses the 

information from the FR K–2 in 

connection with these applications and 

to supervise foreign banks with offices 1

in the United States. 

Legal authorization and 

confidentiality: The FR K–2 is 

authorized pursuant to sections 7, 10, 

and 13 of the International Banking 

Act.2 The applications and notifications 

comprising FR K–2 are required to 

obtain a benefit. 

The Board does not routinely publicly 

release information collected through 

the FR K–2. To the extent a respondent 

submits nonpublic commercial or 

financial information in connection 

with the FR K–2, which is both 

customarily and actually treated as 

private by the respondent, the 

respondent may request confidential 

treatment pursuant to exemption 4 of 

the Freedom of Information Act 

(FOIA).3 To the extent a respondent 

submits personal, medical, or similar 

files, the disclosure of which would 

constitute an unwarranted invasion of 

privacy, the respondent may request 

confidential treatment pursuant to 

exemption 6 of the FOIA.4 If a 

respondent requests confidential 

treatment, the Board will determine 

whether the information is entitled to 

confidential treatment on a case-by-case 

basis. The entity should separately 

designate any such information as 

‘‘confidential commercial information’’ 

or ‘‘confidential financial information’’ 

and the Board will treat such designated 

information as confidential to the extent 

permitted by law, including the FOIA. 

To the extent a respondent submits 

information related to examination, 

operating, or condition reports prepared 

by, on behalf of, or for the use of a 

financial supervisory agency, the 

information may be confidential 

pursuant to exemption 8 of the FOIA.5

Current actions: On March 8, 2021, 

the Board published an initial notice in 

the Federal Register (86 FR 13383) 

requesting public comment for 60 days 

on the extension, without revision, of 

the FR K–2. The comment period for 

this notice expired on May 7, 2021. The 

Board did not receive any comments. 

The Board will adopt the extension, 

without revision of the FR K–2 as 

originally proposed. 

Board of Governors of the Federal Reserve 

System, June 4, 2021. 

Ann Misback, 

Secretary of the Board. 

[FR Doc. 2021–12088 Filed 6–8–21; 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, without revision, the Application 

for a Foreign Organization to Acquire a 

U.S. Bank or Bank Holding Company 

(FR Y–3F; OMB No. 7100–0119). 

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, Without Revision, of the 

Following Information Collection 

Report title: Application for a Foreign 

Organization to Acquire a U.S. Bank or 

Bank Holding Company. 

Agency form number: FR Y–3F. 

OMB control number: 7100–0119. 

Frequency: On occasion. 

Respondents: Any company organized 

under the laws of a foreign country that 

seeks to acquire a U.S. bank or bank 

holding company. 

Estimated number of respondents: 6. 

Estimated average hours per response: 

Reporting: Initial application: 90; 

Subsequent application: 70; Disclosure: 

1. 

Estimated annual burden hours: 

Reporting: Initial application: 90; 

Subsequent application: 350; 

Disclosure: 6. 

General description of report: Under 

the Bank Holding Company Act (BHC 

Act), any company, including a 

company organized under the laws of a 

foreign country, that seeks to acquire a 

U.S. bank or bank holding company 

must receive prior approval from the 

Board to do so. The Federal Reserve 

uses the information collected by the FR 

Y–3F to determine whether to approve 

the application and, subsequently, to 

carry out its supervisory responsibilities 

with respect to the foreign banking 

organization’s operations in the United 

States. 

Legal authorization and 

confidentiality: Section 3(a) of the BHC 

Act 1 requires prior approval by the 

Board for any company, including a 

foreign company, to acquire a U.S. bank 

or bank holding company, and section 

3(c) of the BHC Act 2 sets forth the 

factors that the Board must consider in 

approving such an application. Sections 


lotter on DSK11XQN23PROD with NOTICES1