[Federal Register Volume 82, Number 170 (Tuesday, September 5, 2017)]
[Notices]
[Page 41951]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-18694]


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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 
Notification of Nonfinancial Data Processing Activities (FR 4021; OMB 
No. 7100-0306).
    On June 15, 1984, the Office of Management and Budget (OMB) 
delegated to the Board authority under the Paperwork Reduction Act 
(PRA) to approve of and assign OMB control numbers to collection of 
information requests and requirements conducted or sponsored by the 
Board. Board-approved collections of information are incorporated into 
the official OMB inventory of currently approved collections of 
information. Copies of the Paperwork Reduction Act Submission, 
supporting statements and approved collection of information 
instrument(s) are placed into OMB's public docket files. The Federal 
Reserve may not conduct or sponsor, and the respondent is not required 
to respond to, an information collection that has been extended, 
revised, or implemented on or after October 1, 1995, unless it displays 
a currently valid OMB control number.

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. Telecommunications Device for the Deaf (TDD) users may 
contact (202) 263-4869, Board of Governors of the Federal Reserve 
System, Washington, DC 20551.
    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.
    Final approval under OMB delegated authority of the extension for 
three years, without revision, of the following report:
    Report title: Notification of Nonfinancial Data Processing 
Activities.
    Agency form number: FR 4021.
    OMB control number: 7100-0306.
    Frequency: On occasion.
    Respondents: Bank holding companies.
    Estimated number of respondents: 2.
    Estimated average hours per response: 2.
    Estimated annual burden hours: 4.
    General description of report: Bank holding companies (BHCs) submit 
the FR 4021 notification to request permission to administer the 49 
percent revenue limit on nonfinancial data processing activities on a 
business-line or multiple-entity basis. These notifications, which may 
be submitted in letter form, should describe the structure of the 
requesting BHC's data processing operations, the methodology the BHC 
proposes to use to administer the 49 percent revenue test and the 
reasons why the BHC believes that the proposed methodology is 
appropriate. The Board will consider any request in light of all the 
facts and circumstances, including the interrelationships between the 
data processing activities conducted by the BHC's separate 
subsidiaries, the holding company's business or operational reasons for 
conducting its data processing activities in different subsidiaries, 
and the level of the BHC's ownership interest in the individual 
subsidiaries.
    Legal authorization and confidentiality: The Board's Legal Division 
has determined that the Bank Holding Company Act (12 U.S.C. 1843(c)(8), 
(j) and (k)) authorizes the Board to collect this information and the 
information is required to obtain a benefit. A BHC may request 
confidential treatment of the information contained in the notice 
pursuant to exemption 4 of the Freedom of Information Act (5 U.S.C. 
552(b)(4)).
    Current actions: On May 31, 2017 the Federal Reserve published a 
notice in the Federal Register (82 FR 24970) requesting public comment 
for 60 days on the extension, without revision, of the Notification of 
Nonfinancial Data Processing Activities. The comment period for this 
notice expired on July 31, 2017. The Board did not receive any 
comments.

    Board of Governors of the Federal Reserve System, August 30, 
2017.
Ann E. Misback,
Secretary of the Board.
[FR Doc. 2017-18694 Filed 9-1-17; 8:45 am]
 BILLING CODE 6210-01-P