80 FR 38201 - Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB

FEDERAL RESERVE SYSTEM

Federal Register Volume 80, Issue 127 (July 2, 2015)

Page Range		38201-38202
FR Document		2015-16313

Notice is hereby given of the final approval of proposed information collections by the Board of Governors of the Federal Reserve System (Board) under OMB delegated authority, as per 5 CFR 1320.16 (OMB Regulations on Controlling Paperwork Burdens on the Public). 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.

Federal Register, Volume 80 Issue 127 (Thursday, July 2, 2015)

[Federal Register Volume 80, Number 127 (Thursday, July 2, 2015)]
[Notices]
[Pages 38201-38202]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-16313]


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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: Notice is hereby given of the final approval of proposed 
information collections by the Board of Governors of the Federal 
Reserve System (Board) under OMB delegated authority, as per 5 CFR 
1320.16 (OMB Regulations on Controlling Paperwork Burdens on the 
Public). 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.
    Final approval under OMB delegated authority of the extension, with 
revision, of the following reports:
    Report title: Consolidated Financial Statements for Holding 
Companies; Parent Company Only Financial Statements for Large Holding 
Companies and Parent Company Only Financial Statements for Small 
Holding Companies.
    Agency form number: FR Y-9C; FR Y-9LP, and FR Y-9SP.
    OMB Control number: 7100-0128.
    Frequency: Quarterly and Semiannually.
    Reporters: Bank Holding Companies and Savings and Loan Holding 
Companies (collectively, ``holding companies'').
    Estimated annual reporting hours:

FR Y-9C (non-Advanced Approaches holding companies)--125,812 hours;
FR Y-9C (Advanced Approaches holding companies)--2,404 hours;
FR Y-9LP--17,178 hours; and
FR Y-9SP--47,412 hours.

    Estimated average hours per response:

FR Y-9C (non-Advanced Approaches holding companies)--48.84 hours;
FR Y-9C (Advanced Approaches holding companies)--50.09 hours;
FR Y-9LP--5.25 hours; and
FR Y-9SP--5.40 hours.

    Number of respondents:

FR Y-9C (non -Advanced Approaches holding companies)--644;
FR Y-9C (Advanced Approaches holding companies)--12;
FR Y-9LP-818; and
FR Y-9SP-4,390.

    General description of report: This information collection is 
mandatory for BHCs (12 U.S.C. 12 U.S.C. 1844(c)(1)(AA)). Additionally, 
12 U.S.C. 1467a(b)(2)(A) and 1850a(c)(1)(A), respectively, authorize 
the Federal Reserve to require that Savings and Loan Holding Companies 
(SLHCs) and supervised Securities Holding Companies (SHCs) file the FR 
Y-9C, FR Y-9LP, and FR Y-9SP with the Federal Reserve. Confidential 
treatment is not routinely given to the financial data in this report. 
However, confidential treatment for the reporting information, in whole 
or in part, can be requested in accordance with the instructions to the 
form, pursuant to sections (b)(4), (b)(6), or (b)(8) of FOIA (5 U.S.C. 
522(b)(4), (b)(6), and (b)(8)).
    Abstract: The FR Y-9C, FR Y-9LP, and FR Y-9SP are standardized 
financial statements for the consolidated holding company (FR Y-9C) and 
its parent (FR Y-9LP) and for parent holding companies (HCs) that do 
not file the FR Y-9C (FR Y-9SP). The FR Y-9 family of reports 
historically has been, and continues to be, the primary source of 
financial data on HCs between on-site inspections. Financial data from 
these reports is used to detect emerging financial problems, to review

[[Page 38202]]

performance and conduct pre-inspection analysis, to monitor and 
evaluate capital adequacy, to evaluate HC mergers and acquisitions, and 
to analyze a HC's overall financial condition to ensure safe and sound 
operations.
    Current Actions:
    On February 3, 2015, the Board published a notice in the Federal 
Register \1\ requesting public comment on an interim final rule 
(effective January 30, 2015) that would also remove the requirement 
that qualifying savings and loan holding companies complete Schedule 
SC-R, Part I (Regulatory Capital Components and Ratios) of form FR Y-
9SP (Parent Company Only Financial Statements for Small Holding 
Companies). This schedule would have collected information on 
consolidated regulatory capital components and ratios from qualifying 
savings and loan holding companies that are subject to Regulation Q, 
effective June 30, 2015. Comments for the Paperwork Reduction Act (PRA) 
section of the interim final rule ended April 6, 2015. The Board did 
not receive any comments on the PRA section and the revisions were 
adopted as final.
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    \1\ 80 FR 5666 (February 3, 2015) (Interim Final Rule).
---------------------------------------------------------------------------

    In addition on February 3, 2015, the Board invited public comment 
on a proposed rule (Proposed Rule) \2\ that would also change the 
filing requirements for bank holding companies and savings and loan 
holding companies with $500 million or more but less than $1 billion in 
total consolidated assets. These institutions would not be required to 
file the FR Y-9C and the FR Y-9LP (including regulatory capital 
information) and would begin filing the FR Y-9SP if they also meet the 
Qualitative Requirements. The comment period on the PRA section of the 
proposed rule ended April 6, 2015. The Board received several comments 
in support of the proposed changes. After considering the comments, the 
Board adopted the revisions as final. The final rule was published in 
the Federal Register notice on April 15, 2015 \3\ and became effective 
May 15, 2015.
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    \2\ 80 FR 5694 (February 3, 2015) (Proposed Rule).
    \3\ 80 FR 20153 (April 15, 2015) (Final Rule).
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    Final approval under OMB delegated authority of the extension, 
without revision, of the following reports:
    Report title: The Financial Statement for Employee Stock Ownership 
Plan Holding Companies and the Supplemental to the Consolidated 
Financial Statements for Holding Companies.
    Agency form number: FR Y-9ES and FR Y-9CS
    OMB Control number: 7100-0128.
    Frequency: Annually and on occasion.
    Reporters: Bank Holding Companies and Savings and Loan Holding 
Companies (collectively, ``holding companies'').
    Estimated annual reporting hours:

FR Y-9ES--43 hours; and
FR Y-9CS--472 hours.

    Estimated average hours per response:

FR Y-9ES--0.5 hours; and
FR Y-9CS--0.5 hours.

    Number of respondents:

FR Y-9ES--86; and
FR Y-9CS--236.

    General description of report: This information collection is 
mandatory for BHCs (12 U.S.C. 12 U.S.C. 1844(c)(1)(A)). Additionally, 
12 U.S.C. 1467a (b)(2)(A) and 1850a(c)(1)(A), respectively, authorize 
the Federal Reserve to require that SLHCs and supervised SHCs file the 
FR Y-9ES and FR Y-9CS reports with the Federal Reserve. Confidential 
treatment is not routinely given to the financial data in this report. 
However, confidential treatment for the reporting information, in whole 
or in part, can be requested in accordance with the instructions to the 
form, pursuant to sections (b)(4), (b)(6), or (b)(8) of FOIA (5 U.S.C. 
522(b)(4), (b)(6), and (b)(8)).
    Abstract: The FR Y-9ES collects annual financial data from ESOPs, 
which are also HCs, on their benefit plan activities. It consists of 
four schedules: a Statement of Changes in Net Assets Available for 
Benefits, a Statement of Net Assets Available for Benefits, Memoranda, 
and Notes to the Financial Statements.
    The FR Y-9CS is a supplemental report that the Federal Reserve may 
utilize to collect additional data deemed to be critical and needed in 
an expedited manner from HCs. The data are used to assess and monitor 
emerging issues related to HCs and are intended to supplement the other 
FR Y-9 reports, which are used to monitor HCs between on-site 
inspections and off-site assessments through the Small Bank Holding 
Company Supervision Program. The data items included on the FR Y-9CS 
may change as needed.

    Board of Governors of the Federal Reserve System, June 29, 2015.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2015-16313 Filed 7-1-15; 8:45 am]
 BILLING CODE 6210-01-P

38202 Federal Register / Vol. 80, No. 127 / Thursday, July 2, 2015 / Notices

performance and conduct pre- Agency form number: FR Y–9ES and FEDERAL RESERVE SYSTEM
inspection analysis, to monitor and FR Y–9CS
evaluate capital adequacy, to evaluate OMB Control number: 7100–0128. Agency Information Collection
HC mergers and acquisitions, and to Frequency: Annually and on occasion. Activities: Announcement of Board
analyze a HC’s overall financial Approval Under Delegated Authority
Reporters: Bank Holding Companies and Submission to OMB
condition to ensure safe and sound
and Savings and Loan Holding
operations. AGENCY: Board of Governors of the
Companies (collectively, ‘‘holding
Current Actions:
On February 3, 2015, the Board companies’’). Federal Reserve System.
Estimated annual reporting hours: SUMMARY: Notice is hereby given of the
published a notice in the Federal
final approval of a proposed information
Register 1 requesting public comment on FR Y–9ES—43 hours; and collection by the Board of Governors of
an interim final rule (effective January FR Y–9CS—472 hours. the Federal Reserve System (Board)
30, 2015) that would also remove the
Estimated average hours per response: under OMB delegated authority. Board-
requirement that qualifying savings and
approved collections of information are
loan holding companies complete FR Y–9ES—0.5 hours; and
incorporated into the official OMB
Schedule SC–R, Part I (Regulatory FR Y–9CS—0.5 hours. inventory of currently approved
Capital Components and Ratios) of form
Number of respondents: collections of information. Copies of the
FR Y–9SP (Parent Company Only
FR Y–9ES—86; and Paperwork Reduction Act Submission,
Financial Statements for Small Holding
supporting statements, and approved
Companies). This schedule would have FR Y–9CS—236. collection of information instrument(s)
collected information on consolidated General description of report: This are placed into OMB’s public docket
regulatory capital components and information collection is mandatory for files. The Federal Reserve may not
ratios from qualifying savings and loan BHCs (12 U.S.C. 12 U.S.C. conduct or sponsor, and the respondent
holding companies that are subject to 1844(c)(1)(A)). Additionally, 12 U.S.C. is not required to respond to, an
Regulation Q, effective June 30, 2015. 1467a (b)(2)(A) and 1850a(c)(1)(A), information collection that has been
Comments for the Paperwork Reduction respectively, authorize the Federal extended, revised, or implemented on or
Act (PRA) section of the interim final Reserve to require that SLHCs and after October 1, 1995, unless it displays
rule ended April 6, 2015. The Board did supervised SHCs file the FR Y–9ES and a currently valid OMB control number.
not receive any comments on the PRA FR Y–9CS reports with the Federal FOR FURTHER INFORMATION CONTACT:
section and the revisions were adopted Reserve. Confidential treatment is not
as final. Federal Reserve Board Clearance
routinely given to the financial data in Officer, Nuha Elmaghrabi, Office of the
In addition on February 3, 2015, the
this report. However, confidential Chief Data Officer, Board of Governors
Board invited public comment on a
treatment for the reporting information, of the Federal Reserve System,
proposed rule (Proposed Rule) 2 that
in whole or in part, can be requested in Washington, DC 20551 (202) 452–3829.
would also change the filing
accordance with the instructions to the Telecommunications Device for the Deaf
requirements for bank holding
form, pursuant to sections (b)(4), (b)(6), (TDD) users may contact (202) 263–
companies and savings and loan
or (b)(8) of FOIA (5 U.S.C. 522(b)(4), 4869, Board of Governors of the Federal
holding companies with $500 million or
(b)(6), and (b)(8)). Reserve System, Washington, DC 20551.
more but less than $1 billion in total
consolidated assets. These institutions Abstract: The FR Y–9ES collects OMB Desk Officer, Shagufta Ahmed,
would not be required to file the FR Y– annual financial data from ESOPs, Office of Information and Regulatory
9C and the FR Y–9LP (including which are also HCs, on their benefit Affairs, Office of Management and
regulatory capital information) and plan activities. It consists of four Budget, New Executive Office Building,
would begin filing the FR Y–9SP if they schedules: a Statement of Changes in Room 10235, 725 17th Street NW.,
also meet the Qualitative Requirements. Net Assets Available for Benefits, a Washington, DC 20503.
The comment period on the PRA section Statement of Net Assets Available for SUPPLEMENTARY INFORMATION: Final
of the proposed rule ended April 6, Benefits, Memoranda, and Notes to the approval under OMB delegated
2015. The Board received several Financial Statements. authority of the extension for three
comments in support of the proposed The FR Y–9CS is a supplemental years, with revision, of the following
changes. After considering the report that the Federal Reserve may report:
comments, the Board adopted the utilize to collect additional data deemed Report title: Annual Report of Holding
revisions as final. The final rule was to be critical and needed in an Companies; Annual Report of Foreign
published in the Federal Register notice expedited manner from HCs. The data Banking Organizations; Report of
on April 15, 2015 3 and became effective are used to assess and monitor emerging Changes in Organizational Structure;
May 15, 2015. issues related to HCs and are intended Supplement to the Report of Changes in
Final approval under OMB delegated to supplement the other FR Y–9 reports, Organizational Structure.
authority of the extension, without which are used to monitor HCs between Agency form number: FR Y–6; FR Y–
revision, of the following reports: on-site inspections and off-site 7; FR Y–10.
Report title: The Financial Statement assessments through the Small Bank OMB Control number: 7100–0297.
Holding Company Supervision Program. Effective Date: The revisions to the FR
for Employee Stock Ownership Plan
Y–6 and FR Y–7 organizational chart to
asabaliauskas on DSK5VPTVN1PROD with NOTICES

Holding Companies and the The data items included on the FR Y–
9CS may change as needed. fiscal year ends will be effective
Supplemental to the Consolidated
December 31, 2015. Submission of
Financial Statements for Holding Board of Governors of the Federal Reserve existing Legal Entity Identifiers (LEI)
Companies. System, June 29, 2015. information would follow the normal
Robert deV. Frierson, FR Y–6 and FR Y–7 submission
1 80 FR 5666 (February 3, 2015) (Interim Final

Rule).
Secretary of the Board. deadlines (90 and 120 days
2 80 FR 5694 (February 3, 2015) (Proposed Rule). [FR Doc. 2015–16313 Filed 7–1–15; 8:45 am] respectively). The one-time information
3 80 FR 20153 (April 15, 2015) (Final Rule). BILLING CODE 6210–01–P collection to populate existing LEI data

VerDate Sep<11>2014 21:16 Jul 01, 2015 Jkt 235001 PO 00000 Frm 00031 Fmt 4703 Sfmt 4703 E:\FR\FM\02JYN1.SGM 02JYN1

Document Created: 2015-12-15 13:16:10
Document Modified: 2015-12-15 13:16:10

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
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.
FR Citation		80 FR 38201