[Federal Register Volume 73, Number 184 (Monday, September 22, 2008)]
[Notices]
[Pages 54595-54597]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-22016]
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FEDERAL RESERVE SYSTEM
[Docket No. OP-1328]
Privacy Act of 1974; Notice of Two New Systems of Records
AGENCY: Board of Governors of the Federal Reserve System.
ACTION: Notice of two new systems of records.
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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 add two new systems of records, BGFRS-37
(Electronic Applications) and BGFRS-38 (Transportation Subsidy
Records).
DATES: Comments must be received on or before October 22, 2008. These
systems of records will become effective November 3, 2008, without
further notice, unless comments dictate otherwise.
ADDRESSES: The public, OMB, and Congress are invited to submit
comments, identified by Docket No. OP-1328, by any of the following
methods:
Agency Web Site: http://www.federalreserve.gov. Follow the
instructions for submitting comments. http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm.
Federal eRulemaking Portal: http://www.regulations.gov.
Follow the instructions for submitting comments.
E-mail: [email protected]. Include docket
number in the subject line of the message.
Fax: 202/452-3819 or 202/452-3102.
Mail: Jennifer J. Johnson, Secretary, Board of Governors
of the Federal Reserve System, 20th Street and Constitution Avenue,
NW., Washington, DC 20551.
All public comments are available from the Board's Web site at http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm as submitted,
except as necessary for technical reasons. Accordingly, your comments
will not be edited to remove any identifying or contact information.
Public comments may also be viewed electronically or in paper in Room
MP-500 of the Board's Martin Building (20th and C Streets, NW.) between
9 a.m. and 5 p.m. on weekdays.
FOR FURTHER INFORMATION CONTACT: Brad Fleetwood, Senior Counsel, Legal
Division, Board of Governors of the Federal Reserve System, 20th and C
Streets, NW., Mail Stop 17, Washington, DC 20551, or (202) 452-3721, or
[[Page 54596]]
[email protected]. For users of Telecommunications Device for the
Deaf (TDD) only, contact (202) 263-4869.
In accordance with 5 U.S.C. 552a(r), a report of these systems of
records is being filed with the Chair of the House Committee on
Oversight and Government Reform, the Chair of the Senate Committee on
Homeland Security and Governmental Affairs, and the Office of
Management and Budget.
SUPPLEMENTARY INFORMATION: The Board has determined that it is
necessary to create systems of records for electronic applications,
BGFRS-37 (Electronic Applications) and for transportation subsidy
records, BGFRS-38 (Transportation Subsidy Records).
BGFRS-37, Electronic Applications
The Board is implementing Electronic Applications (E-Apps), a Web-
based system for the electronic submission of regulatory applications,
notices or proposals and related documents to the Federal Reserve
System (FRS) via the Internet. The purpose of E-Apps is to provide
external users the ability to submit regulatory applications, notices
or proposals to the FRS as either scanned documents/images or in their
native file format, such as MS Word or Excel.
E-Apps will support the electronic receipt, access, distribution,
and storage of official documents related to a regulatory filing during
the processing cycle of a regulatory application, notice or proposal.
E-Apps also will allow for online review of submitted material, as well
as for storage and distribution of internally prepared memoranda and
correspondence. In addition, the contents of most documents placed into
E-Apps will be full-text indexed, and will allow internal users to
efficiently search for information while the documents reside in the
system during an application, notice or proposal's processing life
cycle.
E-Apps will, among other things, assist the Board in identifying
information needed to evaluate various statutory requirements
applicable to proposed officers, directors, principal shareholders, or
persons with other similar interests in a depository institution,
holding company or other entity in connection with our consideration of
various regulatory applications, notices and proposals to determine
whether to approve the particular regulatory application or notice.
Thus, the Board has determined that it is necessary to create a system
of records for electronic applications.
BGFRS-38, Transportation Subsidy Records
The Board currently provides employees who commute to work using
public transportation a nontaxable transportation subsidy. In order to
administer this program, the Board collects and maintains personal
information about employees who apply to participate in the program.
Thus, the Board has determined that it is necessary to create a system
of records for transportation subsidy records.
The general routine uses identified in the systems of records below
are described at 73 FR 24985 (May 6, 2008).
Systems of Records BGFRS-37
System name:
FRB--Electronic Applications.
System location:
Board of Governors of the Federal Reserve System, 20th Street and
Constitution Avenue, NW., Washington, DC 20551.
Some of the information is collected and maintained, on behalf of
the Board, by the twelve Federal Reserve Banks.
Categories of individuals covered by the system:
Persons who are parties to regulatory applications, notices, and
proposals submitted to the Federal Reserve Board.
Categories of records in the system:
Name; home address; social security number; telephone number; date
and place of birth; citizenship; occupation and employment history;
education and professional credentials; business and banking
affiliations; legal and related matters; personal financial
information; and other similar information.
Authority for maintenance of the system:
Sections 9, 19, 25 and 25A of the Federal Reserve Act (12 U.S.C.
321-328, 466, 601-604(a) and 611-631); the Change in Bank Control Act
(12 U.S.C. 1817(j)); Section 18(c) of the Bank Merger Act (12 U.S.C.
1828(c)); Section 32 of the Federal Deposit Insurance Act (12 U.S.C.
1831i); Sections 3, 4, and 5 of the Bank Holding Company Act of 1956
(12 U.S.C. 1842, 1843 and 1844); Section 5 of the Bank Service Company
Act (12 U.S.C. 1865); Sections 7, 8 and 10 of the International Banking
Act (12 U.S.C. 3105, 3106 and 3107); Section 208 of the Board's
Regulation H (12 CFR 208); Section 211 of the Board's Regulation K (12
CFR 211); Section 212 of the Board's Regulation L (12 CFR 212); Section
225 of the Board's Regulation Y (12 CFR 225); and Executive Order 9397.
Purpose(s):
These records are collected and maintained to assist the Board in
evaluating proposed officers, directors, principal shareholders, or
persons with other similar interests in a depository institution,
holding company or other entity in connection with the Board's
consideration of various regulatory applications, notices and proposals
to determine whether to approve the particular regulatory application,
notice or proposal.
Routine uses of records maintained in the system, including categories
of users and the purposes of such uses:
General routine uses A, B, C, D, G, and I apply to this system.
These records may also be used to disclose certain information to other
bank and thrift regulatory agencies consistent with the Board's
information sharing regulation or pursuant to explicit information
sharing agreements.
Policies and practices for storing, retrieving, accessing, retaining,
and disposing of records in the system:
Storage:
Records are stored in paper and electronic form by local Reserve
Banks during the processing period of the application, notice or
proposal. Electronic records are stored in the Federal Reserve
Integrated Records Management Architecture (FIRMA).
Retrievability:
Records can be retrieved by the name of the individual on whom they
are maintained.
Safeguards:
Access to records is limited to those persons whose official duties
require it. Paper records are secured by lock and key and electronic
records are password protected.
Retention and disposal:
All records are retained for 15 years after final action on the
application, notice or proposal.
System manager and address:
Office Applications Section, Division of Banking Supervision and
Regulation, Board of Governors of the Federal Reserve System, 20th
Street and Constitution Avenue, NW., Washington, DC 20551.
Notification procedure:
An individual desiring to learn of the existence of, or to gain
access to, his or her record in this system of records should submit a
request in writing to the Secretary of the Board, Board of Governors of
the Federal Reserve
[[Page 54597]]
System, 20th Street and Constitution Avenue, NW., Washington, DC 20551.
The request should contain: (1) A statement that it is made pursuant to
the Privacy Act of 1974, (2) the name of the system of records expected
to contain the record requested or a concise description of such system
of records, (3) necessary information to verify the identity of the
requester, and (4) any other information that may assist in the rapid
identification of the record for which access is being requested.
Record access procedures:
Same as ``Notification procedures,'' above.
Contesting record procedures:
Same as ``Notification procedures,'' above except that the envelope
should be clearly marked ``Privacy Act Amendment Request.'' The request
for amendment of a record should: (1) Identify the system of records
containing the record for which amendment is requested, (2) specify the
portion of that record requested to be amended, and (3) describe the
nature of and reasons for each requested amendment.
Record source categories:
Information is provided by the individual to whom the record
pertains or the individual's agent (for example, law firms,
consultants) on regulatory applications, notices or proposals. These
individuals or agents may aggregate information on individuals or
groups of individuals by submitting separate biographical/financial
data for several individuals, and/or including lists or tables that
contain personal information on multiple individuals (for example, a
stockholder listing with names, addresses, phone numbers, and social
security numbers). Information may also be obtained from other Federal
agencies.
Exemptions claimed for the system:
Certain portions of this system of records may be exempt from 5
U.S.C. 552a(c)(3), (d), (e)(1), (e)(4)(G), (H), and (I), and (f) of the
Privacy Act pursuant to 5 U.S.C. 552a(k)(2).
BGFRS-38
System name:
FRB--Transportation Subsidy Records.
System location:
Board of Governors of the Federal Reserve System, 20th Street and
Constitution Avenue, NW., Washington, DC 20551.
Categories of individuals covered by the system:
Past and present employees and members of the Board who apply for a
transportation subsidy.
Categories of records in the system:
Applications submitted by employees for transportation subsidies,
which may include name, employee ID number, the last four digits of the
employee's social security number, home address, current commuting
pattern and estimated commuting cost, and other information related to
carrying out activities under the transportation subsidy program.
Authority for maintenance of the system:
Sections 10 and 11 of the Federal Reserve Act (12 U.S.C. 244 and
248) and Executive Order 9397.
Purpose(s):
These records are collected and maintained by the Board in order to
administer the Board's transportation subsidy program.
Routine uses of records maintained in the system, including categories
of users and the purposes of such uses:
General routine uses A, B, C, D, E, F, G, H, and I apply to this
system.
Policies and practices for storing, retrieving, accessing, retaining,
and disposing of records in the system:
Storage:
Records are stored in paper form and electronic form.
Retrievability:
Records can be retrieved by employee name or ID number.
Access Controls:
Access to records is limited to those whose official duties require
it. Paper records are secured by lock and key and electronic records
are password protected.
Retention and disposal:
Transportation subsidy applications are destroyed three years after
a form is outdated or three years after a respective staff member no
longer actively participates in the program.
System manager and address:
Chief Financial Officer, Management Division, Board of Governors of
the Federal Reserve System, 20th Street and Constitution Avenue, NW.,
Washington, DC 20551.
Notification procedures:
An individual desiring to learn of the existence of, or to gain
access to, his or her record in this system of records shall submit a
request in writing to the Secretary of the Board, Board of Governors of
the Federal Reserve System, 20th Street and Constitution Avenue, NW.,
Washington, DC 20551. The request should contain: (1) A statement that
it is made pursuant to the Privacy Act of 1974, (2) the name of the
system of records expected to contain the record requested or a concise
description of such system of records, (3) necessary information to
verify the identity of the requester, and (4) any other information
that may assist in the rapid identification of the record for which
access is being requested.
Record access procedures:
Same as ``Notification procedures'' above.
Contesting record procedures:
Same as ``Notification procedures'' above except that the envelope
should be clearly marked ``Privacy Act Amendment Request.'' The request
for amendment of a record should: (1) Identify the system of records
containing the record for which amendment is requested, (2) specify the
portion of that record requested to be amended, and (3) describe the
nature of and reasons for each requested amendment.
Record source categories:
Information is provided by the individual to whom the record
pertains.
Exemptions claimed for the system:
None.
By order of the Board of Governors of the Federal Reserve
System, September 16, 2008.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. E8-22016 Filed 9-19-08; 8:45 am]
BILLING CODE 6210-01-P