DATES: Comments must be submitted on or before
ADDRESSES: You may submit comments, identified by FR 2064, 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: email@example.com. Include the OMB number in the subject line of the message.
* Fax: (202) 452-3819 or (202) 452-3102.
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 identifying or contact information. Public comments may also be viewed electronically or in paper in
Additionally, commenters may send a copy of their comments to the Office of Management and Budget (OMB) Desk Officer–
FOR FURTHER INFORMATION CONTACT: Federal Reserve Board Clearance Officer–
SUPPLEMENTARY INFORMATION: On
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: 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
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
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.
FOOTNOTE 1 12 U.S.C. 1844(c). END FOOTNOTE
FOOTNOTE 2 12 U.S.C. 602 and 625. END FOOTNOTE
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
FOOTNOTE 3 5 U.S.C. 552(b)(8). END FOOTNOTE
FOOTNOTE 4 5 U.S.C. 552(b)(4). END FOOTNOTE
Deputy Associate Secretary of the Board.
Notice, request for comment.
Citation: “86 FR 9938”
Federal Register Page Number: “9938”