80 FR 38202 - 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		38202-38204
FR Document		2015-16247

Notice is hereby given of the final approval of a proposed information collection by the Board of Governors of the Federal Reserve System (Board) under OMB delegated authority. 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 38202-38204]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-16247]


-----------------------------------------------------------------------

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 a proposed 
information collection by the Board of Governors of the Federal Reserve 
System (Board) under OMB delegated authority. 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.

SUPPLEMENTARY INFORMATION: Final approval under OMB delegated authority 
of the extension for three years, with revision, of the following 
report:
    Report title: Annual Report of Holding Companies; Annual Report of 
Foreign Banking Organizations; Report of Changes in Organizational 
Structure; Supplement to the Report of Changes in Organizational 
Structure.
    Agency form number: FR Y-6; FR Y-7; FR Y-10.
    OMB Control number: 7100-0297.
    Effective Date: The revisions to the FR Y-6 and FR Y-7 
organizational chart to fiscal year ends will be effective December 31, 
2015. Submission of existing Legal Entity Identifiers (LEI) information 
would follow the normal FR Y-6 and FR Y-7 submission deadlines (90 and 
120 days respectively). The one-time information collection to populate 
existing LEI data

[[Page 38203]]

for all FR Y-10 reportable entities (excluding branches), will be 
effective December 31, 2015, with submissions due no later than January 
30, 2016. LEIs issued after December 31, 2015, should be reported with 
30 days of the event on the appropriate FR Y-10 schedules.
    Frequency: FR Y-6: Annual; FR Y-7: Annual; FR Y-10: Event-
generated.
    Reporters: Bank holding companies (BHCs) and savings and loan 
holding companies (SLHCs) (collectively, holding companies (HCs)), 
securities holding companies, foreign banking organizations (FBOs), 
state member banks unaffiliated with a BHC, Edge Act and agreement 
corporations, and nationally chartered banks that are not controlled by 
a BHC (with regard to their foreign investments only).
    Estimated annual reporting hours: FR Y-6: 26,477 hours; FR Y-7: 972 
hours; FR Y-10 initial: 530 hours; FR Y-10 ongoing: 39,735 hours.
    Estimated average hours per response: FR Y-6: 5.5 hours; FR Y-7: 4 
hours; FR Y-10 initial: 1 hour; FR Y-10 ongoing: 2.5 hours.
    Number of respondents: FR Y-6: 4,814; FR Y-7: 243; FR Y-10 initial: 
530; FR Y-10 ongoing: 5,298.
    General description of report: These information collections are 
mandatory as follows:
    FR Y-6: Section 5(c)(1)(A) of the Bank Holding Company Act (BHC 
Act) (12 U.S.C. 1844(c)(1)(A)), sections 8(a) and 13(a) of the 
International Banking Act (IBA) (12 U.S.C. 3106(a) and 3108(a)), 
sections 11(a)(1), 25, and 25A of the Federal Reserve Act (12 U.S.C. 
248(a)(1), 602, and 611a), and sections 113, 312, 618, and 809 of the 
Dodd-Frank Act (12 U.S.C. 5361, 5412, 1850a(c)(1), and 5468(b)(1), 
respectively).
    FR Y-7: Sections 8(a) and 13(a) of the IBA (12 U.S.C. 3106(a) and 
3108(a)) and sections 113, 312, 618, and 809 of the Dodd-Frank Act (12 
U.S.C. 5361, 5412, 1850a(c)(1), and 5468(b)(1), respectively).
    FR Y-10: Sections 4(k) and 5(c)(1)(A) of the BHC Act (12 U.S.C. 
1843(k), 1844(c)(1)(A)), section 8(a) of the IBA (12 U.S.C. 3106(a)), 
sections 11(a)(1), 25(7), and 25A of the Federal Reserve Act (12 U.S.C. 
248(a)(1), 321, 601, 602, 611a, 615, and 625), and sections 113, 312, 
618, and 809 of the Dodd-Frank Act (12 U.S.C. 5361, 5412, 1850a(c)(1), 
and 5468(b)(1), respectively).
    The data collected in the FR Y-6, FR Y-7, and FR Y-10 are not 
considered confidential. With regard to information that a banking 
organization may deem confidential, the institution may request 
confidential treatment of such information under one or more of the 
exemptions in the Freedom of Information Act (FOIA) (5 U.S.C. 552). The 
most likely case for confidential treatment will be based on FOIA 
exemption 4, which permits an agency to exempt from disclosure ``trade 
secrets and commercial or financial information obtained from a person 
and privileged and confidential,'' (5 U.S.C. 552(b)(4)). To the extent 
an institution can establish the potential for substantial competitive 
harm, such information would be protected from disclosure under the 
standards set forth in National Parks & Conservation Association v. 
Morton, 498 F.2d 765 (D.C. Cir. 1974). Exemption 6 of FOIA might also 
apply with regard to the respondents' submission of non-public personal 
information of owners, shareholders, directors, officers and employees 
of respondents. Exemption 6 covers ``personnel and medical files and 
similar files the disclosure of which would constitute a clearly 
unwarranted invasion of personal privacy,'' (5 U.S.C. 552(b)(6)). All 
requests for confidential treatment would need to be reviewed on a 
case-by-case basis and in response to a specific request for 
disclosure.
    Abstract: The FR Y-6 is an annual information collection submitted 
by top-tier HCs and non-qualifying FBOs. It collects financial data, an 
organization chart, verification of domestic branch data, and 
information about shareholders. The Federal Reserve uses the data to 
monitor holding company operations and determine holding company 
compliance with the provisions of the BHC Act, Regulation Y (12 CFR 
225), the Home Owners' Loan Act (HOLA), and Regulation LL (12 CFR 238).
    The FR Y-7 is an annual information collection submitted by 
qualifying FBOs to update their financial and organizational 
information with the Federal Reserve. The FR Y-7 collects financial, 
organizational, and managerial information. The Federal Reserve uses 
information to assess an FBO's ability to be a continuing source of 
strength to its U.S. operations, and to determine compliance with U.S. 
laws and regulations.
    The FR Y-10 is an event-generated information collection submitted 
by FBOs; top-tier HCs; security holding companies as authorized under 
Section 618 of the Dodd-Frank Wall Street Reform and Consumer 
Protection Act of 2010 (12 U.S.C. 1850a(c)(1)); state member banks 
unaffiliated with a BHC; Edge Act and agreement corporations that are 
not controlled by a member bank, a domestic BHC, or a FBO; and 
nationally chartered banks that are not controlled by a BHC (with 
regard to their foreign investments only) to capture changes in their 
regulated investments and activities. The Federal Reserve uses the data 
to monitor structure information on subsidiaries and regulated 
investments of these entities engaged in banking and nonbanking 
activities.
    Current Actions: On March 20, 2015, the Federal Reserve published a 
notice in the Federal Register (80 FR 15009) requesting public comment 
for 60 days on the revision, with extension, of the FR Y-6, FR Y-7, and 
FR Y-10. The comment period for this notice expired on May 19, 2015. 
The Federal Reserve received three comment letters regarding the 
proposed revision to the FR Y-6, FR Y-7, and FR Y-10 from one industry 
association and two banking associations. All commenters expressed 
support for the proposal. One commenter urged the Federal Reserve to 
expand the LEI collection to require an LEI from all entities even if 
an LEI had not already been assigned. Two commenters requested 
clarification of the method to collect the one-time submission and also 
requested the effective date for the revisions be delayed to December 
31, 2015.

Detailed Discussion of Comments

    In March 2015, the Federal Reserve proposed to collect the LEI for 
all banking and nonbanking legal entities reportable on the Banking, 
Non-Banking, SLHC, and 4K schedules (not the Branch schedules) of the 
FR Y-10 and on the Organization Chart section of the FR Y-6 and FR Y-7 
if one has already been issued for the reportable entity at the time of 
collection. The Federal Reserve did not propose to require an LEI to be 
obtained for the sole purpose of reporting the LEI on the FR Y-6, FR Y-
7, and FR Y-10. One commenter urged the Federal Reserve to expand the 
LEI collection to require an LEI from all entities even if an LEI had 
not already been assigned. The Federal Reserve understands the benefit 
of the LEI to uniquely identify parties to financial transactions, but 
will not mandate it at this time due to the burden on institutions, and 
especially small institutions.
    Two commenters also requested clarification of the format for the 
submission of the one-time collection of the LEI. One commenter asked 
that the Federal Reserve provide an Excel spreadsheet listing all 
eligible legal entities. The appropriate Reserve Bank will provide each 
top-tier institution with an Excel spreadsheet populated with the legal 
name and RSSD number for each entity within an organization's tier 
structure. Institutions will be able to

[[Page 38204]]

enter the LEI for those entities that already have one.
    Two commenters requested a delay of the implementation of the 
proposed collection of the LEI from the top-tier holding company and 
any of its subsidiaries that already have an LEI due to the complex and 
manual validation process. One commenter stated that reporters are 
often not the majority interest holders for a reportable entity, and 
thus not responsible for registering the LEI for these entities. 
Obtaining LEI's for these legal entities would require contacting each 
majority interest holder separately to ascertain if the entity has an 
LEI. Therefore, they requested that the effective date be delayed from 
June 30, 2015, to December 31, 2015. After consideration of these 
comments, the Federal Reserve will delay the effective date of the 
revisions to the FR Y-6 and FR Y-7 organizational chart to fiscal year 
ends beginning December 31, 2015. Submission of existing LEI 
information will follow the normal FR Y-6 and FR Y-7 submission 
deadlines (90 and 120 days respectively). The one-time information 
collection to populate existing LEI data for all FR Y-10 reportable 
entities (excluding branches), will also be effective December 31, 
2015, with submissions due no later than January 30, 2016. LEIs issued 
after December 31, 2015, should be reported with 30 days of the event 
on the appropriate FR Y-10 schedules.
    One commenter provided additional comments outside the scope of the 
current proposal. The Federal Reserve will investigate each comment and 
give consideration to these comments when the Federal Reserve next 
revises the reports.
    Final approval under OMB delegated authority of the extension for 
three years, without revision, of the following report:
    Report title: Supplement to the Report of Changes in Organizational 
Structure.
    Agency form number: FR Y-10E.
    OMB Control number: 7100-0297.
    Frequency: Event-generated.
    Reporters: Bank holding companies (BHCs) and savings and loan 
holding companies (SLHCs) (collectively, holding companies (HCs)), 
securities holding companies, foreign banking organizations (FBOs), 
state member banks unaffiliated with a BHC, Edge Act and agreement 
corporations, and nationally chartered banks that are not controlled by 
a BHC (with regard to their foreign investments only).
    Estimated annual reporting hours: 2,649 hours.
    Estimated average hours per response: 0.5 hours.
    Number of respondents: 5,298.
    General description of report: These information collections are 
mandatory as follows: Sections 4(k) and 5(c)(1)(A) of the BHC Act (12 
U.S.C. 1843(k), 1844(c)(1)(A)), section 8(a) of the IBA (12 U.S.C. 
3106(a)), sections 11(a)(1), 25(7), and 25A of the Federal Reserve Act 
(12 U.S.C. 248(a)(1), 321, 601, 602, 611a, 615, and 625), and sections 
113, 312, 618, and 809 of the Dodd-Frank Act (12 U.S.C. 5361, 5412, 
1850a(c)(1), and 5468(b)(1), respectively).
    The data collected in the FR Y-10E are not considered confidential. 
With regard to information that a banking organization may deem 
confidential, the institution may request confidential treatment of 
such information under one or more of the exemptions in the Freedom of 
Information Act (FOIA) (5 U.S.C. 552). The most likely case for 
confidential treatment will be based on FOIA exemption 4, which permits 
an agency to exempt from disclosure ``trade secrets and commercial or 
financial information obtained from a person and privileged and 
confidential,'' (5 U.S.C. 552(b)(4)). To the extent an institution can 
establish the potential for substantial competitive harm, such 
information would be protected from disclosure under the standards set 
forth in National Parks & Conservation Association v. Morton, 498 F.2d 
765 (D.C. Cir. 1974). Exemption 6 of FOIA might also apply with regard 
to the respondents' submission of non-public personal information of 
owners, shareholders, directors, officers and employees of respondents. 
Exemption 6 covers ``personnel and medical files and similar files the 
disclosure of which would constitute a clearly unwarranted invasion of 
personal privacy,'' (5 U.S.C. 552(b)(6)). All requests for confidential 
treatment would need to be reviewed on a case-by-case basis and in 
response to a specific request for disclosure.
    Abstract: The FR Y-10E is a free-form supplement that may be used 
to collect additional structural information deemed to be critical and 
needed in an expedited manner.
    Current Actions: On March 20, 2015, the Federal Reserve published a 
notice in the Federal Register (80 FR 15009) requesting public comment 
for 60 days on the extension, without revision, of the FR Y-10E. The 
comment period for this notice expired on May 19, 2015. The Federal 
Reserve did not receive any comments. The information collection will 
be extended for three years, without revision, as proposed.

    Board of Governors of the Federal Reserve System: June 26, 2015.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2015-16247 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

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38204 Federal Register / Vol. 80, No. 127 / Thursday, July 2, 2015 / Notices

enter the LEI for those entities that Number of respondents: 5,298. Board of Governors of the Federal Reserve
already have one. System: June 26, 2015.
General description of report: These
Two commenters requested a delay of information collections are mandatory
Robert deV. Frierson,
the implementation of the proposed Secretary of the Board.
as follows: Sections 4(k) and 5(c)(1)(A)
collection of the LEI from the top-tier [FR Doc. 2015–16247 Filed 7–1–15; 8:45 am]
of the BHC Act (12 U.S.C. 1843(k),
holding company and any of its BILLING CODE 6210–01–P
subsidiaries that already have an LEI 1844(c)(1)(A)), section 8(a) of the IBA
due to the complex and manual (12 U.S.C. 3106(a)), sections 11(a)(1),
validation process. One commenter 25(7), and 25A of the Federal Reserve
FEDERAL RESERVE SYSTEM
stated that reporters are often not the Act (12 U.S.C. 248(a)(1), 321, 601, 602,
majority interest holders for a reportable 611a, 615, and 625), and sections 113, Formations of, Acquisitions by, and
entity, and thus not responsible for 312, 618, and 809 of the Dodd-Frank Act Mergers of Bank Holding Companies
registering the LEI for these entities. (12 U.S.C. 5361, 5412, 1850a(c)(1), and
Obtaining LEI’s for these legal entities 5468(b)(1), respectively). The companies listed in this notice
would require contacting each majority have applied to the Board for approval,
The data collected in the FR Y–10E pursuant to the Bank Holding Company
interest holder separately to ascertain if are not considered confidential. With
the entity has an LEI. Therefore, they Act of 1956 (12 U.S.C. 1841 et seq.)
regard to information that a banking (BHC Act), Regulation Y (12 CFR part
requested that the effective date be organization may deem confidential, the
delayed from June 30, 2015, to 225), and all other applicable statutes
institution may request confidential and regulations to become a bank
December 31, 2015. After consideration treatment of such information under one
of these comments, the Federal Reserve holding company and/or to acquire the
or more of the exemptions in the assets or the ownership of, control of, or
will delay the effective date of the Freedom of Information Act (FOIA) (5
revisions to the FR Y–6 and FR Y–7 the power to vote shares of a bank or
U.S.C. 552). The most likely case for bank holding company and all of the
organizational chart to fiscal year ends confidential treatment will be based on
beginning December 31, 2015. banks and nonbanking companies
FOIA exemption 4, which permits an owned by the bank holding company,
Submission of existing LEI information
agency to exempt from disclosure ‘‘trade including the companies listed below.
will follow the normal FR Y–6 and FR
secrets and commercial or financial The applications listed below, as well
Y–7 submission deadlines (90 and 120
days respectively). The one-time information obtained from a person and as other related filings required by the
information collection to populate privileged and confidential,’’ (5 U.S.C. Board, are available for immediate
existing LEI data for all FR Y–10 552(b)(4)). To the extent an institution inspection at the Federal Reserve Bank
reportable entities (excluding branches), can establish the potential for indicated. The applications will also be
will also be effective December 31, substantial competitive harm, such available for inspection at the offices of
2015, with submissions due no later information would be protected from the Board of Governors. Interested
than January 30, 2016. LEIs issued after disclosure under the standards set forth persons may express their views in
December 31, 2015, should be reported in National Parks & Conservation writing on the standards enumerated in
with 30 days of the event on the Association v. Morton, 498 F.2d 765 the BHC Act (12 U.S.C. 1842(c)). If the
appropriate FR Y–10 schedules. (D.C. Cir. 1974). Exemption 6 of FOIA proposal also involves the acquisition of
One commenter provided additional might also apply with regard to the a nonbanking company, the review also
comments outside the scope of the respondents’ submission of non-public includes whether the acquisition of the
current proposal. The Federal Reserve personal information of owners, nonbanking company complies with the
will investigate each comment and give shareholders, directors, officers and standards in section 4 of the BHC Act
consideration to these comments when employees of respondents. Exemption 6 (12 U.S.C. 1843). Unless otherwise
the Federal Reserve next revises the covers ‘‘personnel and medical files and noted, nonbanking activities will be
reports. similar files the disclosure of which conducted throughout the United States.
Final approval under OMB delegated would constitute a clearly unwarranted Unless otherwise noted, comments
authority of the extension for three regarding each of these applications
invasion of personal privacy,’’ (5 U.S.C.
years, without revision, of the following must be received at the Reserve Bank
552(b)(6)). All requests for confidential
report: indicated or the offices of the Board of
treatment would need to be reviewed on
Report title: Supplement to the Report Governors not later than July 30, 2015.
a case-by-case basis and in response to
of Changes in Organizational Structure. A. Federal Reserve Bank of
a specific request for disclosure. Philadelphia (William Lang, Senior Vice
Agency form number: FR Y–10E.
OMB Control number: 7100–0297. Abstract: The FR Y–10E is a free-form President) 100 North 6th Street,
Frequency: Event-generated. supplement that may be used to collect Philadelphia, Pennsylvania 19105–
Reporters: Bank holding companies additional structural information 1521:
(BHCs) and savings and loan holding deemed to be critical and needed in an 1. Esquire Financial Holdings, Inc.,
companies (SLHCs) (collectively, expedited manner. Garden City, New York; to become a
holding companies (HCs)), securities bank holding company in connection
Current Actions: On March 20, 2015,
holding companies, foreign banking with the conversion of its wholly owned
organizations (FBOs), state member the Federal Reserve published a notice
in the Federal Register (80 FR 15009) subsidiary, Esquire Bank, Garden City,
asabaliauskas on DSK5VPTVN1PROD with NOTICES

banks unaffiliated with a BHC, Edge Act New York, from a stock federal savings
and agreement corporations, and requesting public comment for 60 days
on the extension, without revision, of bank to a national bank.
nationally chartered banks that are not
the FR Y–10E. The comment period for Board of Governors of the Federal Reserve
controlled by a BHC (with regard to System, June 29, 2015.
their foreign investments only). this notice expired on May 19, 2015.
Estimated annual reporting hours: The Federal Reserve did not receive any Michael J. Lewandowski,
2,649 hours. comments. The information collection Associate Secretary of the Board.
Estimated average hours per response: will be extended for three years, without [FR Doc. 2015–16315 Filed 7–1–15; 8:45 am]
0.5 hours. revision, as proposed. BILLING CODE 6210–01–P

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Document Created: 2015-12-15 13:15:03
Document Modified: 2015-12-15 13:15:03

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
Action		On March 20, 2015, the Federal Reserve published a notice in the Federal Register (80 FR 15009) requesting public comment for 60 days on the revision, with extension, of the FR Y-6, FR Y-7, and FR Y-10. The comment period for this notice expired on May 19, 2015. The Federal Reserve received three comment letters regarding the proposed revision to the FR Y-6, FR Y-7, and FR Y-10 from one industry association and two banking associations. All commenters expressed support for the proposal. One commenter urged the Federal Reserve to expand the LEI collection to require an LEI from all entities even if an LEI had not already been assigned. Two commenters requested clarification of the method to collect the one-time submission and also requested the effective date for the revisions be delayed to December 31, 2015.
Dates		The revisions to the FR Y-6 and FR Y-7 organizational chart to fiscal year ends will be effective December 31, 2015. Submission of existing Legal Entity Identifiers (LEI) information would follow the normal FR Y-6 and FR Y-7 submission deadlines (90 and 120 days respectively). The one-time information collection to populate existing LEI data for all FR Y-10 reportable entities (excluding branches), will be effective December 31, 2015, with submissions due no later than January 30, 2016. LEIs issued after December 31, 2015, should be reported with 30 days of the event on the appropriate FR Y-10 schedules.
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 38202