80 FR 43774 - Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB
FEDERAL RESERVE SYSTEM Federal Register Volume 80, Issue 141 (July 23, 2015)
Federal Register Volume 80, Issue 141 (July 23, 2015)
| Page Range | 43774-43776 | |
| FR Document | 2015-18056 |
[Federal Register Volume 80, Number 141 (Thursday, July 23, 2015)] [Notices] [Pages 43774-43776] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-18056] ----------------------------------------------------------------------- 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 for three years, with revision, of the following report: Report title: Report of Transaction Accounts, Other Deposits, and Vault Cash. Agency form number: FR 2900. OMB control number: 7100-0087. Frequency: Weekly and quarterly. Reporters: Depository institutions. Estimated annual reporting hours: 192,473. Estimated average hours per response: 1.25 hours for weekly filers and 3 hours for quarterly filers. Number of respondents: 2,053 weekly and 4,919 quarterly. General description of report: This information collection is mandatory by the Federal Reserve Act (12 U.S.C. 248(a), 461, 603, and 615) and Regulation D (12 CFR 204). The data are given confidential treatment (5 U.S.C. 552(b)(4)). Abstract: Institutions with net transaction accounts greater than the exemption amount are called nonexempt institutions. Institutions with total transaction accounts, savings deposits, and small time deposits greater than or equal to the reduced reporting limit, regardless of the level of their net transaction accounts, are also referred to as nonexempt institutions. Nonexempt institutions submit FR 2900 data either weekly or quarterly. An institution is required to report weekly if its total transaction accounts, savings deposits, and small time deposits are greater than or equal to the nonexempt deposit cutoff. If the nonexempt institution's total transaction accounts, savings deposits, and small time deposits are less than the nonexempt deposit cutoff then the institution must report quarterly or may elect to report weekly. U.S. branches and agencies of foreign banks and banking Edge and agreement corporations submit the FR 2900 data weekly, regardless of their size. These mandatory data are used by the Federal Reserve for administering Regulation D (Reserve Requirements of Depository Institutions) and for constructing, analyzing, and monitoring the monetary and reserve aggregates. Current Actions: On May 12, 2015 the Federal Reserve published a notice in the Federal Register (80 FR 27171) requesting public comment for 60 days on the extension, with revision, of the Report of Transaction Accounts, Other Deposits, and Vault Cash. The comment period for this notice expired on July 13, 2015. The Federal Reserve received one comment supporting the revisions. The revisions will be implemented as proposed, effective with an October 2015 as-of date. Final approval under OMB delegated authority of the extension for three years, without revision, of the following reports: 1. Report title: Supervisory and Regulatory Survey. Agency form number: FR 3052. OMB control number: 7100-0322. Frequency: On occasion.\1\ --------------------------------------------------------------------------- \1\ The Federal Reserve conducts the survey as needed up to 24 times per year. --------------------------------------------------------------------------- Reporters: Financial businesses. Estimated annual reporting hours: 60,000 hours. Estimated average hours per response: 0.5 hours. Number of respondents: 5,000. General description of report: This information collection is authorized pursuant to the: Federal Reserve Act, (12 U.S.C. 225a, 324, 263, 602, and 625); Bank Holding Company Act, (12 U.S.C. 1844(c)); International Banking Act of 1978, (12 U.S.C. 3105(c)(2)); and Federal Deposit Insurance Act, (12 U.S.C. 1817(a)). Generally, respondent participation is voluntary. However, [[Page 43775]] with respect to collections of information from state member banks, bank holding companies (and their subsidiaries), Edge and agreement corporations, and U.S. branches and agencies of foreign banks supervised by the Federal Reserve, the Federal Reserve could make the surveys mandatory. The ability of the Federal Reserve to maintain the confidentiality of information provided by respondents to the FR 3052 surveys is determined on a case-by-case basis depending on the type of information provided for a particular survey. Depending upon the survey questions, confidential treatment could be warranted under subsections (b)(4), (b)(6), and (b)(8) of the Freedom of Information Act (5 U.S.C. 552(b)(4), (6), and (8)). Abstract: The supervision and policy functions of Federal Reserve have occasionally needed to gather data on an ad-hoc basis from the banking and financial industries on their financial condition (outside of the standardized regulatory reporting process) and decisions that organizations have made to adjust to the changes in the economy. Further, the data may relate to a particular business activity that requires a more detailed presentation of the information than is available through regulatory reports such as the (FFIEC 031 and FFIEC 041; OMB No. 7100-0036) (FFIEC 002; OMB No. 7100-0032) (FR 2886b; OMB No. 7100-0086), and (FR Y-9C; OMB No. 7100-0128). These data may be particularly needed in times of critical economic or regulatory changes or when issues of immediate supervisory concern arise from Federal Reserve supervisory initiatives and working groups or requests from Board Members and the Congress. The Federal Reserve uses this event- driven survey to obtain information specifically tailored to the Federal Reserve's supervisory, regulatory, operational, and other responsibilities. The Federal Reserve conducts the survey as needed up to 24 times per year. The frequency and content of the questions depend on changing economic, regulatory, supervisory, or legislative developments. Current Actions: On May 14, 2015, the Federal Reserve published a notice in the Federal Register (80 FR 27686) requesting public comment for 60 days on the extension, without revision, of the Supervisory and Regulatory Survey. The comment period for this notice expired on July 13, 2015. The Federal Reserve did not receive any comments. The information collection will be extended for three years, without revision, as proposed. 2. Report title: Consumer Financial Stability Surveys. Agency form number: FR 3053. OMB control number: 7100-0323. Frequency: On occasion.\2\ --------------------------------------------------------------------------- \2\ The Federal Reserve conducts the survey as needed up to 20 times per year. --------------------------------------------------------------------------- Reporters: Individuals, households, and financial and non-financial businesses. Estimated annual reporting hours: Consumer Surveys: Quantitative and general surveys, 4,000 hours, Financial institution consumers, 1,000 hours, and Qualitative surveys, 600 hours; Financial institution survey: Financial institution staff, 150 hours; Stakeholder surveys: Stakeholder clientele, 500 hours and Stakeholder staff, 300 hours. Estimated average hours per response: Consumer surveys: Quantitative and general surveys, 0.5 hours, Financial institution consumers, 0.5 hours and Qualitative surveys, 1.5 hours; Financial institution survey: Financial institution staff, 1.5 hours; Stakeholder surveys: Stakeholder clientele, 0.5 hours and Stakeholder staff, 1.5 hours. Number of respondents: Consumer surveys: Quantitative and general surveys, 2000 respondents, Financial institution consumers, 500 respondents and Qualitative surveys, 100 respondents; Financial institution surveys: Financial institution staff, 25 respondents; Stakeholder surveys: Stakeholder clientele, 500 respondents and Stakeholder staff, 100 respondents. General description of report: This information collection is generally voluntary (Federal Reserve Act, Sections 2A and 12A (12 U.S.C. 225a and 263)). In addition, depending upon the survey questions asked, the information collection may be authorized under one or more consumer protection statutes (Community Reinvestment Act, (12 U.S.C. 2905); Competitive Equality Banking Act, (12 U.S.C. 3806); Expedited Funds Availability Act, (12 U.S.C. 4008); Truth in Lending Act, (15 U.S.C. 1604); Fair Credit Reporting Act, (15 U.S.C. 1681s(e)); Equal Credit Opportunity Act, (15 U.S.C. 1691b); Electronic Funds Transfer Act, (15 U.S.C. 1693b and 1693o-2); Gramm-Leach-Bliley Act, (15 U.S.C. 6801(b)); and Flood Disaster Protections Act of 1973, (42 U.S.C. 4012a)). Additionally, depending on the survey respondent, the information collection may be authorized under a more specific statute (Federal Reserve Act, Section 9, 25, and 25A (12 U.S.C. 324, 602, and 625); Bank Holding Company Act, Section 5(c) (12 U.S.C. 1844(c)); International Banking Act of 1978, Section 7(c)(2) (12 U.S.C. 3105(c)(2)); and Federal Deposit Insurance Act, Section 7(a) (12 U.S.C. 1817(a))). However, with respect to collections of information from state member banks, bank holding companies (and their subsidiaries), Edge and agreement corporations, and U.S. branches and agencies of foreign banks authorized under the specific statutes noted above, the Federal Reserve could make the obligation to respond mandatory. In circumstances where the Board collects that data or the contractor provides the identifying information to the Board, such information could possibly be protected from Freedom of Information Act (FOIA) disclosure by FOIA exemptions 4 and 6 (5 U.S.C. 552(b)(4) and (6)). Abstract: Board staff uses this event-driven survey to obtain information specifically tailored to the Federal Reserve's supervisory, regulatory, operational, informational, and other responsibilities. Board staff is authorized to conduct the FR 3053 up to 20 times per year, although the survey may not be conducted that frequently. The frequency and content of the questions depends on changing economic, regulatory, or legislative developments as well as changes in the financial services industry itself. Respondents comprise individuals, households, and financial and non-financial businesses. The annual burden is estimated to be 6,550 hours, based on twenty surveys: Three quarterly consumer-focused, one quarterly financial institution study, and two semi-annual stakeholder-focused surveys. The surveys are used to gather qualitative and quantitative information directly from: Consumers (consumer surveys), financial institutions and other financial companies offering consumer financial products and services (financial institution survey), and other stakeholders, such as state or local agencies, community development organizations, brokers, appraisers, settlement agents, software vendors, and consumer groups (stakeholder surveys). Current Actions: On May 14, 2015, the Federal Reserve published a notice in the Federal Register (80 FR 27686) requesting public comment for 60 days on the extension, without revision, of the Consumer Financial Stability Surveys. The comment period for this notice expired on July 13, 2015. The Federal Reserve did not receive any comments. The information collection will be extended for three years, without revision, as proposed. 3. Report title: Annual Report of Deposits and Reservable Liabilities. Agency form number: FR 2910a. OMB control number: 7100-0175. Frequency: Annually. [[Page 43776]] Reporters: Depository institutions. Estimated annual reporting hours: 2,551. Estimated average hours per response: 0.75 hours. Number of respondents: 3,401. General description of report: This information collection is mandatory by the Federal Reserve Act (12 U.S.C. 248(a), 461, 603, and 615) and Regulation D (12 CFR 204). The data are given confidential treatment (5 U.S.C. 552(b)(4)). Abstract: The FR 2910a is an annual report generally filed by depository institutions that are exempt from reserve requirements under the Garn-St Germain Depository Institutions Act of 1982 and whose total deposits, measured from depository institutions' December quarterly condition reports, are greater than the exemption amount but less than the reduced reporting limit. The report contains three data items that are to be submitted for a single day, June 30: (1) Total transaction accounts, savings deposits, and small time deposits; (2) reservable liabilities; and (3) net transaction accounts. The data collected on this report serves two purposes. First, the data are used to determine which depository institutions will remain exempt from reserve requirements and consequently eligible for reduced reporting for another year. Second, the data are used in the annual indexation of the low reserve tranche, the exemption amount, the nonexempt deposit cutoff, and the reduced reporting limit. Current Actions: On May 12, 2015 the Federal Reserve published a notice in the Federal Register (80 FR 27171) requesting public comment for 60 days on the extension, without revision, of the Annual Report of Deposits and Reservable Liabilities. The comment period for this notice expired on July 13, 2015. The Federal Reserve did not receive any comments. The information collection will be extended for three years, without revision, as proposed. 4. Report title: Report of Foreign (Non-U.S.) Currency Deposits. Agency form number: FR 2915. OMB control number: 7100-0237. Frequency: Quarterly. Reporters: Depository institutions. Estimated annual reporting hours: 288. Estimated average hours per response: 0.5 hours. Number of respondents: 144. General description of report: This information collection is mandatory by the Federal Reserve Act (12 U.S.C. 248(a), 461, 603, and 615) and Regulation D (12 CFR 204). The data are given confidential treatment (5 U.S.C. 552(b)(4)). Abstract: All FR 2900 respondents, both weekly and quarterly, that offer deposits denominated in foreign currencies at their U.S. offices file the FR 2915 quarterly on the same reporting schedule as quarterly FR 2900 respondents. Foreign currency deposits are subject to reserve requirements and, therefore, are included in the FR 2900 data. However, because foreign currency deposits are not included in the monetary aggregates, the FR 2915 data are used to net foreign currency- denominated deposits from the FR 2900 data in order to exclude them from measures of the monetary aggregates. The FR 2915 is the only source of data on such deposits. Current Actions: On May 12, 2015 the Federal Reserve published a notice in the Federal Register (80 FR 27171) requesting public comment for 60 days on the extension, without revision, of the Report of Foreign (Non-U.S.) Currency Deposits. The comment period for this notice expired on July 13, 2015. The Federal Reserve did not receive any comments. The information collection will be extended for three years, without revision, as proposed. 5. Report title: Allocation of Low Reserve Tranche and Reservable Liabilities Exemption. Agency form number: FR 2930. OMB control number: 7100-0088. Frequency: Annually and on occasion. Reporters: Depository institutions. Estimated annual reporting hours: 30. Estimated average hours per response: 0.25 hours. Number of respondents: 120. General description of report: This information collection is mandatory by the Federal Reserve Act (12 U.S.C. 248(a), 461, 603, and 615) and Regulation D (12 CFR 204). The data are given confidential treatment (5 U.S.C. 552(b)(4)). Abstract: Institutions with offices (or groups of offices) in more than one state or Federal Reserve District, or those operating under operational convenience, are required to file the FR 2930 at least annually. An institution's net transaction accounts up to the exemption amount ($14.5 million in 2015) are reserved at zero percent. Net transaction accounts up to the low reserve tranche ($103.6 million in 2015) are reserved at 3 percent while amounts in excess of this amount are reserved at 10 percent. Only a single exemption amount and a single low reserve tranche are allowed per depository institution (including subsidiaries). Therefore, an institution that submits separate FR 2900 reports covering different offices is required to file the FR 2930 at least annually to allocate its reservable liabilities exemption and low reserve tranche among its offices. The Federal Reserve Board does not propose any changes to this report. Current Actions: On May 12, 2015 the Federal Reserve published a notice in the Federal Register (80 FR 27171) requesting public comment for 60 days on the extension, without revision, of the Allocation of Low Reserve Tranche and Reservable Liabilities Exemption. The comment period for this notice expired on July 13, 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, July 20, 2015. Robert deV. Frierson, Secretary of the Board. [FR Doc. 2015-18056 Filed 7-22-15; 8:45 am] BILLING CODE 6210-01-P
![43774 Federal Register / Vol. 80, No. 141 / Thursday, July 23, 2015 / Notices
use of automated collection techniques collections by the Board of Governors of with total transaction accounts, savings
or other forms of information the Federal Reserve System (Board) deposits, and small time deposits
technology. All comments will become under OMB delegated authority, as per greater than or equal to the reduced
a matter of public record. 5 CFR 1320.16 (OMB Regulations on reporting limit, regardless of the level of
Dated at Washington, DC, this 20th day of Controlling Paperwork Burdens on the their net transaction accounts, are also
July 2015. Public). Board-approved collections of referred to as nonexempt institutions.
Federal Deposit Insurance Corporation. information are incorporated into the Nonexempt institutions submit FR 2900
Valerie J. Best, official OMB inventory of currently data either weekly or quarterly. An
Assistant Executive Secretary. approved collections of information. institution is required to report weekly
Copies of the Paperwork Reduction Act if its total transaction accounts, savings
[FR Doc. 2015–18069 Filed 7–22–15; 8:45 am]
Submission, supporting statements and deposits, and small time deposits are
BILLING CODE 6714–01–P
approved collection of information greater than or equal to the nonexempt
instrument(s) are placed into OMB’s deposit cutoff. If the nonexempt
public docket files. The Federal Reserve institution’s total transaction accounts,
FEDERAL RESERVE SYSTEM may not conduct or sponsor, and the savings deposits, and small time
Change in Bank Control Notices; respondent is not required to respond deposits are less than the nonexempt
Acquisitions of Shares of a Bank or to, an information collection that has deposit cutoff then the institution must
Bank Holding Company been extended, revised, or implemented report quarterly or may elect to report
on or after October 1, 1995, unless it weekly. U.S. branches and agencies of
The notificants listed below have displays a currently valid OMB control foreign banks and banking Edge and
applied under the Change in Bank number. agreement corporations submit the FR
Control Act (12 U.S.C. 1817(j)) and FOR FURTHER INFORMATION CONTACT: 2900 data weekly, regardless of their
225.41 of the Board’s Regulation Y (12 Federal Reserve Board Clearance size. These mandatory data are used by
CFR 225.41) to acquire shares of a bank Officer—Nuha Elmaghrabi—Office of the Federal Reserve for administering
or bank holding company. The factors the Chief Data Officer, Board of Regulation D (Reserve Requirements of
that are considered in acting on the Governors of the Federal Reserve Depository Institutions) and for
notices are set forth in paragraph 7 of System, Washington, DC 20551 (202) constructing, analyzing, and monitoring
the Act (12 U.S.C. 1817(j)(7)). 452–3829. Telecommunications Device the monetary and reserve aggregates.
The notices are available for for the Deaf (TDD) users may contact Current Actions: On May 12, 2015 the
immediate inspection at the Federal (202) 263–4869, Board of Governors of Federal Reserve published a notice in
Reserve Bank indicated. The notices the Federal Reserve System, the Federal Register (80 FR 27171)
also will be available for inspection at Washington, DC 20551. requesting public comment for 60 days
the offices of the Board of Governors. OMB Desk Officer—Shagufta on the extension, with revision, of the
Interested persons may express their Ahmed—Office of Information and Report of Transaction Accounts, Other
views in writing to the Reserve Bank Regulatory Affairs, Office of Deposits, and Vault Cash. The comment
indicated for that notice or to the offices Management and Budget, New period for this notice expired on July 13,
of the Board of Governors. Comments Executive Office Building, Room 10235, 2015. The Federal Reserve received one
must be received not later than August 725 17th Street NW., Washington, DC comment supporting the revisions. The
5, 2015. 20503. revisions will be implemented as
A. Federal Reserve Bank of Atlanta proposed, effective with an October
Final approval under OMB delegated
(Chapelle Davis, Assistant Vice 2015 as-of date.
authority of the extension for three
President) 1000 Peachtree Street NE., Final approval under OMB delegated
years, with revision, of the following
Atlanta, Georgia 30309: authority of the extension for three
report:
1. Anthony Thomas Moore and years, without revision, of the following
Report title: Report of Transaction
Allison Tate Moore, both of Burns, reports:
Accounts, Other Deposits, and Vault
Tennessee, to retain 12.076 percent of 1. Report title: Supervisory and
Cash.
the outstanding shares of Cumberland Regulatory Survey.
Agency form number: FR 2900.
Bancorp, Inc., and its subsidiary, Agency form number: FR 3052.
OMB control number: 7100–0087.
Cumberland Bank & Trust Company, OMB control number: 7100–0322.
Frequency: Weekly and quarterly.
both of Clarksville, Tennessee. Frequency: On occasion.1
Reporters: Depository institutions.
Board of Governors of the Federal Reserve Reporters: Financial businesses.
Estimated annual reporting hours: Estimated annual reporting hours:
System, July 17, 2015. 192,473.
Michael J. Lewandowski, 60,000 hours.
Estimated average hours per response: Estimated average hours per response:
Assistant Secretary of the Board. 1.25 hours for weekly filers and 3 hours 0.5 hours.
[FR Doc. 2015–18009 Filed 7–22–15; 8:45 am] for quarterly filers. Number of respondents: 5,000.
BILLING CODE 6210–01–P Number of respondents: 2,053 weekly General description of report: This
and 4,919 quarterly. information collection is authorized
General description of report: This pursuant to the: Federal Reserve Act,
FEDERAL RESERVE SYSTEM information collection is mandatory by (12 U.S.C. 225a, 324, 263, 602, and 625);
the Federal Reserve Act (12 U.S.C. Bank Holding Company Act, (12 U.S.C.
Agency Information Collection
mstockstill on DSK4VPTVN1PROD with NOTICES
248(a), 461, 603, and 615) and 1844(c)); International Banking Act of
Activities: Announcement of Board Regulation D (12 CFR 204). The data are
Approval Under Delegated Authority 1978, (12 U.S.C. 3105(c)(2)); and Federal
given confidential treatment (5 U.S.C. Deposit Insurance Act, (12 U.S.C.
and Submission to OMB 552(b)(4)). 1817(a)). Generally, respondent
AGENCY: Board of Governors of the Abstract: Institutions with net participation is voluntary. However,
Federal Reserve System. transaction accounts greater than the
SUMMARY: Notice is hereby given of the exemption amount are called 1 The Federal Reserve conducts the survey as
final approval of proposed information nonexempt institutions. Institutions needed up to 24 times per year.
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![43776 Federal Register / Vol. 80, No. 141 / Thursday, July 23, 2015 / Notices
Reporters: Depository institutions. given confidential treatment (5 U.S.C. required to file the FR 2930 at least
Estimated annual reporting hours: 552(b)(4)). annually to allocate its reservable
2,551. Abstract: All FR 2900 respondents, liabilities exemption and low reserve
Estimated average hours per response: both weekly and quarterly, that offer tranche among its offices. The Federal
0.75 hours. deposits denominated in foreign Reserve Board does not propose any
Number of respondents: 3,401. currencies at their U.S. offices file the changes to this report.
General description of report: This FR 2915 quarterly on the same reporting Current Actions: On May 12, 2015 the
information collection is mandatory by schedule as quarterly FR 2900 Federal Reserve published a notice in
the Federal Reserve Act (12 U.S.C. respondents. Foreign currency deposits the Federal Register (80 FR 27171)
248(a), 461, 603, and 615) and are subject to reserve requirements and, requesting public comment for 60 days
Regulation D (12 CFR 204). The data are therefore, are included in the FR 2900 on the extension, without revision, of
given confidential treatment (5 U.S.C. data. However, because foreign currency the Allocation of Low Reserve Tranche
552(b)(4)). deposits are not included in the and Reservable Liabilities Exemption.
Abstract: The FR 2910a is an annual monetary aggregates, the FR 2915 data The comment period for this notice
report generally filed by depository are used to net foreign currency- expired on July 13, 2015. The Federal
institutions that are exempt from reserve denominated deposits from the FR 2900 Reserve did not receive any comments.
requirements under the Garn-St data in order to exclude them from The information collection will be
Germain Depository Institutions Act of measures of the monetary aggregates. extended for three years, without
1982 and whose total deposits, The FR 2915 is the only source of data revision, as proposed.
measured from depository institutions’ on such deposits.
Board of Governors of the Federal Reserve
December quarterly condition reports, Current Actions: On May 12, 2015 the
System, July 20, 2015.
are greater than the exemption amount Federal Reserve published a notice in
Robert deV. Frierson,
but less than the reduced reporting the Federal Register (80 FR 27171)
requesting public comment for 60 days Secretary of the Board.
limit. The report contains three data
on the extension, without revision, of [FR Doc. 2015–18056 Filed 7–22–15; 8:45 am]
items that are to be submitted for a
single day, June 30: (1) Total transaction the Report of Foreign (Non-U.S.) BILLING CODE 6210–01–P
accounts, savings deposits, and small Currency Deposits. The comment period
time deposits; (2) reservable liabilities; for this notice expired on July 13, 2015.
The Federal Reserve did not receive any FEDERAL RESERVE SYSTEM
and (3) net transaction accounts. The
data collected on this report serves two comments. The information collection
Formations of, Acquisitions by, and
purposes. First, the data are used to will be extended for three years, without
Mergers of Bank Holding Companies
determine which depository institutions revision, as proposed.
will remain exempt from reserve 5. Report title: Allocation of Low The companies listed in this notice
requirements and consequently eligible Reserve Tranche and Reservable have applied to the Board for approval,
for reduced reporting for another year. Liabilities Exemption. pursuant to the Bank Holding Company
Second, the data are used in the annual Agency form number: FR 2930. Act of 1956 (12 U.S.C. 1841 et seq.)
OMB control number: 7100–0088. (BHC Act), Regulation Y (12 CFR part
indexation of the low reserve tranche,
Frequency: Annually and on occasion.
the exemption amount, the nonexempt 225), and all other applicable statutes
Reporters: Depository institutions.
deposit cutoff, and the reduced Estimated annual reporting hours: 30. and regulations to become a bank
reporting limit. Estimated average hours per response: holding company and/or to acquire the
Current Actions: On May 12, 2015 the 0.25 hours. assets or the ownership of, control of, or
Federal Reserve published a notice in Number of respondents: 120. the power to vote shares of a bank or
the Federal Register (80 FR 27171) General description of report: This bank holding company and all of the
requesting public comment for 60 days information collection is mandatory by banks and nonbanking companies
on the extension, without revision, of the Federal Reserve Act (12 U.S.C. owned by the bank holding company,
the Annual Report of Deposits and 248(a), 461, 603, and 615) and including the companies listed below.
Reservable Liabilities. The comment Regulation D (12 CFR 204). The data are The applications listed below, as well
period for this notice expired on July 13, given confidential treatment (5 U.S.C. as other related filings required by the
2015. The Federal Reserve did not 552(b)(4)). Board, are available for immediate
receive any comments. The information Abstract: Institutions with offices (or inspection at the Federal Reserve Bank
collection will be extended for three groups of offices) in more than one state indicated. The applications will also be
years, without revision, as proposed. or Federal Reserve District, or those available for inspection at the offices of
4. Report title: Report of Foreign (Non- operating under operational the Board of Governors. Interested
U.S.) Currency Deposits. convenience, are required to file the FR persons may express their views in
Agency form number: FR 2915. 2930 at least annually. An institution’s writing on the standards enumerated in
OMB control number: 7100–0237. net transaction accounts up to the the BHC Act (12 U.S.C. 1842(c)). If the
Frequency: Quarterly. exemption amount ($14.5 million in proposal also involves the acquisition of
Reporters: Depository institutions. 2015) are reserved at zero percent. Net a nonbanking company, the review also
Estimated annual reporting hours: transaction accounts up to the low includes whether the acquisition of the
288. reserve tranche ($103.6 million in 2015) nonbanking company complies with the
standards in section 4 of the BHC Act
mstockstill on DSK4VPTVN1PROD with NOTICES
Estimated average hours per response: are reserved at 3 percent while amounts
0.5 hours. in excess of this amount are reserved at (12 U.S.C. 1843). Unless otherwise
Number of respondents: 144. 10 percent. Only a single exemption noted, nonbanking activities will be
General description of report: This amount and a single low reserve tranche conducted throughout the United States.
information collection is mandatory by are allowed per depository institution Unless otherwise noted, comments
the Federal Reserve Act (12 U.S.C. (including subsidiaries). Therefore, an regarding each of these applications
248(a), 461, 603, and 615) and institution that submits separate FR must be received at the Reserve Bank
Regulation D (12 CFR 204). The data are 2900 reports covering different offices is indicated or the offices of the Board of
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Document Created: 2015-12-15 12:53:47
Document Modified: 2015-12-15 12:53:47
| 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 May 12, 2015 the Federal Reserve published a notice in the Federal Register (80 FR 27171) requesting public comment for 60 days on the extension, with revision, of the Report of Transaction Accounts, Other Deposits, and Vault Cash. The comment period for this notice expired on July 13, 2015. The Federal Reserve received one comment supporting the revisions. The revisions will be implemented as proposed, effective with an October 2015 as-of date. | |
| 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 43774 |
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