80 FR 52282 - Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB
FEDERAL RESERVE SYSTEM Federal Register Volume 80, Issue 167 (August 28, 2015)
Federal Register Volume 80, Issue 167 (August 28, 2015)
| Page Range | 52282-52285 | |
| FR Document | 2015-21367 |
[Federal Register Volume 80, Number 167 (Friday, August 28, 2015)] [Notices] [Pages 52282-52285] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-21367] ----------------------------------------------------------------------- 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. 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 instruments 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. [[Page 52283]] 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 revision, without extension, of the following reports: 1. Report title: Consolidated Financial Statements for Holding Companies, Parent Company Only Financial Statements for Large Holding Companies, Parent Company Only Financial Statements for Small Holding Companies, Financial Statements for Employee Stock Ownership Plan Holding Companies.\1\ --------------------------------------------------------------------------- \1\ The family of FR Y-9 reporting forms also contains the Supplement to the Consolidated Financial Statements for Holding Companies (FR Y-9CS) which is not being revised. --------------------------------------------------------------------------- Agency form number: FR Y-9C, FR Y-9LP, FR Y-9SP, FR Y-9ES. OMB control number: 7100-0128. Frequency: Quarterly, semiannually, and annually. Reporters: Bank holding companies (BHCs), savings and loan holding companies (SLHCs), and securities holding companies (SHCs) (collectively, ``holding companies'' (HCs)). Estimated annual reporting hours: FR Y-9C (non Advanced Approaches): 130,964 hours; FR Y-9C (Advanced Approaches): 2,500 hours; FR Y-9LP: 17,178 hours; FR Y-9SP: 47,412 hours; FR Y-9ES: 43 hours. Estimated average hours per response: FR Y-9C (non Advanced Approaches): 50.84 hours; FR Y-9C (Advanced Approaches): 52.09 hours; FR Y-9LP: 5.25 hours; FR Y-9SP: 5.40 hours; FR Y-9ES: 0.50 hours. Number of respondents: FR Y-9C (non Advanced Approaches): 644; FR Y-9C (Advanced Approaches): 12; FR Y-9LP: 818; FR Y-9SP: 4,390; FR Y- 9ES: 86. General description of report: This information collection is mandatory for BHCs (12 U.S.C. 12 U.S.C. 1844(c)). Additionally, section 10 of Home Owners' Loan Act (HOLA) (12 U.S.C. 1467a(b)) and 1850a(c)(1)(A), respectively, authorize the Federal Reserve to require that SLHCs and supervised SHCs file the FR Y-9C 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 the Freedom of Information Act (FOIA) (5 U.S.C. 522(b)(4), (b)(6), and (b)(8)). Abstract: Pursuant to the Bank Holding Company Act of 1956, as amended, and HOLA, the Federal Reserve requires HCs to provide standardized financial statements to fulfill the Federal Reserve's statutory obligation to supervise these organizations. HCs file the FR Y-9C and FR Y-9LP quarterly, the FR Y-9SP semiannually, and the FR Y- 9ES annually. 2. Report title: Consolidated Holding Company Report of Equity Investments in Nonfinancial Companies. Agency form number: FR Y-12. OMB control number: 7100-0300. Frequency: Quarterly and semiannually. Reporters: BHCs and SLHCs. Estimated annual reporting hours: FR Y-9C filers: 1,452 hours; FR Y-9SP filers: 198 hours. Estimated average hours per response: 16.50 hours. Number of respondents: FR Y-9C filers: 22; FR Y-9SP filers: 6. General description of report: This collection of information is mandatory pursuant to Section 5(c) of the BHC Act (12 U.S.C. 1844(c)) and section 10 of HOLA (12 U.S.C. 1467a(b)). The FR Y-12 data are not considered confidential. 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-12 collects information from certain domestic BHCs and SLHCs on their equity investments in nonfinancial companies. The FR Y-12 data serve as an important risk-monitoring device for institutions active in this business line by allowing supervisory staff to monitor an institution's activity between review dates. They also serve as an early warning mechanism, to identity institutions whose activities in this area are growing rapidly and therefore warrant special supervisory attention. Respondents report the FR Y-12 either quarterly or semi-annually based on reporting threshold criteria. 3. Report title: Banking Organization System Risk Report. Agency form number: FR Y-15. OMB control number: 7100-0352. Frequency: Annually. Reporters: BHCs with total consolidated assets of $50 billion or more, and any U.S.-based organizations identified as global systemically important banks (GSIBs) that do not otherwise meet the consolidated assets threshold for BHCs. Estimated annual reporting hours: 9,735 hours. Estimated average hours per response: 295 hours. Number of respondents: 33. General description of report: This collection of information is mandatory pursuant to section 5 of the BHC Act (12 U.S.C. 1844(c)). Except for those items subject to a delayed release, the individual data items collected on the FR Y-15 will be made available to the public for report dates beginning December 31, 2013. Though confidential treatment will not be routinely given to the financial data collected on the FR Y-15, respondents may request such treatment for any information that they believe is subject to an exemption from disclosure 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-15 annual report collects systemic risk data from U.S. BHCs with total consolidated assets of $50 billion or more, and any U.S.-based organizations identified as GSIBs that do not otherwise meet the consolidated assets threshold for BHCs. The profile of the institutions which are subject to enhanced prudential standards under section 165 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (DFA). 4. Report title: Financial Statements of U.S. Nonbank Subsidiaries of U.S. Holding Companies and the Abbreviated Financial Statements of U.S. Nonbank Subsidiaries of U.S. Holding Companies. Agency form number: FR Y-11 and FR Y-11S. OMB control number: 7100-0244. Frequency: Quarterly and annually. Reporters: HCs. Estimated annual reporting hours: FR Y-11 (quarterly): 15,966 hours; FR Y-11 (annual): 2,441 hours; FR Y-11S: 429 hours. Estimated average hours per response: FR Y-11: 6.80 hours; FR Y- 11S: 1 hour. Number of respondents: FR Y-11 (quarterly): 587; FR Y-11 (annual): 359; FR Y-11S: 429. General description of report: This information collection is mandatory (12 U.S.C. 1844(c)). Confidential treatment is not routinely given to the data in these reports. However, confidential [[Page 52284]] 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) and (b)(8) of FOIA (5 U.S.C. 522(b)(4), (b)(6) and (b)(8)). Abstract: The FR Y-11 and FR Y-11S reporting forms collect financial information for individual non-functionally regulated U.S. nonbank subsidiaries of domestic HCs. HCs file the FR Y-11 on a quarterly or annual basis or the FR Y-11S annually based on size thresholds, and for the FR Y-11S, based on an additional threshold related to the percentage of consolidated assets of the top-tier organization. The FR Y-11 family of reports data are used with other HC data to assess the condition of HCs that are heavily engaged in nonbanking activities and to monitor the volume, nature, and condition of their nonbanking operations. 5. Report title: Financial Statements of Foreign Subsidiaries of U.S. Banking Organizations and the Abbreviated Financial Statements of Foreign Subsidiaries of U.S. Banking Organizations. Agency form number: FR 2314 and FR 2314S. OMB control number: 7100-0073. Frequency: Quarterly and annually. Reporters: Foreign subsidiaries of U.S. state member banks (SMBs), Edge and agreement corporations, and HCs. Estimated annual reporting hours: FR 2314 (quarterly): 18,427 hours; FR 2314 (annual): 2,554 hours; FR 2314S: 480 hours. Estimated average hours per response: FR 2314: 6.60 hours; FR 2314S: 1 hour. Number of respondents: FR 2314 (quarterly): 698; FR 2314 (annual): 387; FR 2314S: 480. General description of report: This information collection is mandatory (12 U.S.C. 324, 602, 625, and 1844(c)). Confidential treatment is not routinely given to the data in these reports. 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) and (b)(8) of FOIA (5 U.S.C. 522(b)(4), (b)(6) and (b)(8)). Abstract: The FR 2314 and FR 2314S reporting forms collect financial information for non-functionally regulated direct or indirect foreign subsidiaries of U.S. SMBs, Edge and agreement corporations, and HCs. Parent organizations (SMBs, Edge and agreement corporations, or HCs) file the FR 2314 on a quarterly or annual basis or the FR 2314S annually based on additional size thresholds. The FR 2314 family of reports data are used to identify current and potential problems at the foreign subsidiaries of U.S. parent companies, to monitor the activities of U.S. banking organizations in specific countries, and to develop a better understanding of activities within the industry, in general, and of individual institutions, in particular. 6. Report title: Financial Statements of U.S. Nonbank Subsidiaries Held by Foreign Banking Organizations, the Abbreviated Financial Statements of U.S. Nonbank Subsidiaries Held by Foreign Banking Organizations, and the Capital and Asset Report for Foreign Banking Organizations. Agency form number: FR Y-7N, FR Y-7NS, and FR Y-7Q. OMB control number: 7100-0125. Frequency: Quarterly and annually. Reporters: Foreign banking organizations (FBOs). Estimated annual reporting hours: FR Y-7N (quarterly): 5,168 hours; FR Y-7N (annual): 612 hours; FR Y-7NS: 74 hours; FR Y-7Q (quarterly): 945 hours; FR Y-7Q (annual): 50 hours. Estimated average hours per response: FR Y-7N (quarterly): 6.8 hours; FR Y-7N (annual): 6.8 hours; FR Y-7NS: 1 hour; FR Y-7Q (quarterly): 1.75 hours; FR Y-7Q (annual): 1.5 hours. Number of respondents: FR Y-7N (quarterly): 190; FR Y-7N (annual): 90; FR Y-7NS: 74; FR Y-7Q (quarterly): 135; FR Y-7Q (annual): 33. General description of report: This information collection is mandatory (12 U.S.C. 1844(c)) and sections 8(c) and 13 of the International Banking Act (12 U.S.C. 3106(c) and 3108)). Overall, the Federal Reserve does not consider these data to be confidential. However, individual respondents may request confidential treatment for any of these reports pursuant to sections (b)(4), (b)(6), or (b)(8) of FOIA (5 U.S.C. 522(b)(4), (b)(6), and (b)(8)). The applicability of these exemptions would need to be determined on a case-by-case basis. Abstract: The FR Y-7N and FR Y-7NS collect financial information for non-functionally regulated U.S. nonbank subsidiaries held by FBOs other than through a U.S. BHC, U.S. financial holding company (FHC), or U.S. bank. FBOs file the FR Y-7N quarterly or annually or the FR Y-7NS annually predominantly based on asset size thresholds. The FR Y-7Q collects consolidated regulatory capital information from all FBOs either quarterly or annually. The FR Y-7Q is filed quarterly by FBOs that have effectively elected to become FHCs and by FBOs that have total consolidated assets of $50 billion or more, regardless of FHC status. All other FBOs file the FR Y-7Q annually. 7. Report title: Quarterly Savings and Loan Holding Company Report. Agency form number: FR 2320. OMB control number: 7100-0345. Frequency: Quarterly. Reporters: SLHCs. Estimated annual reporting hours: 180 hours. Estimated average hours per response: 2.5 hours. Number of respondents: 18. General description of report: This information collection is mandatory pursuant to section 312 of the DFA and section 10 of HOLA, as amended by section 369 of the DFA, (12 U.S.C. 1467a(b)(2)), as amended by Public Law 111-201, 369(8). Data items C572, C573, and C574 on Schedule HC may be protected from disclosure under exemption 4 of FOIA (5 U.S.C. 552(b)(4)). With regard to the remaining data items on Schedule HC, the Federal Reserve has determined that institutions may request confidential treatment for any FR 2320 data item or for all FR 2320 data items, and confidential treatment will be reviewed on a case- by-case basis. Abstract: The FR 2320 collects select parent only and consolidated balance sheet and income statement financial data and organizational structure date from SLHCs exempt from initially filing Federal Reserve regulatory reports. The FR 2320 is used by the Federal Reserve to analyze the overall financial condition of exempt SLHCs to ensure safe and sound operations. 8. Report title: Savings Association Holding Company Report. Agency form number: FR H-(b)11. OMB control number: 7100-0334. Frequency: Quarterly. Reporters: SLHCs. Estimated annual reporting hours: 264 hours. Estimated average hours per response: 2 hours. Number of respondents: 33. General description of report: This information collection is mandatory (12 U.S.C. 1467a(b)(2)(A)). The FR H-(b)11 covers 6 different items. However, the Federal Reserve has determined that supplemental information in response to a ``yes'' answer for the Quarterly Savings and Loan Holding Company Report (FR 2320; OMB No. 7100-0345) FR 2320's questions 24, 25, and 26 may be protected from disclosure under exemption 4 of FOIA, which covers ``trade secrets and commercial or financial information obtained from a person [that is] privileged or confidential'' (5 U.S.C. 522(b)(4)). Confidential treatment for the remaining portion of the reporting information can [[Page 52285]] 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 H-(b)11 collects from exempt SLHCs information on filings with the Securities and Exchange Commission (SEC), reports provided by the nationally recognized statistical rating organizations and securities analysts, supplemental information for select questions from the FR 2320, financial statements, and other materially important events and exhibits. The Federal Reserve uses the FR H-(b)11 data to analyze the overall financial condition of exempt SLHCs to ensure safe and sound operations. 9. Report title: Consolidated Report of Condition and Income for Edge and Agreement Corporations. Agency form number: FR 2886b. OMB control number: 7100-0086. Frequency: Quarterly and annually. Reporters: Banking Edge and agreement corporations and investment (nonbanking) Edge and agreement corporations. Estimated annual reporting hours: Banking Edge and agreement corporations (quarterly): 424 hours; banking Edge and agreement corporations (annual): 15 hours; investment Edge and agreement corporations: (quarterly): 768 hours; investment Edge and agreement corporations: (annual): 182 hours. Estimated average hours per response: Banking Edge and agreement corporations: 15.15 hours; investment Edge and agreement corporations: 9.60 hours. Number of respondents: Banking Edge and agreement corporations (quarterly): 7; banking Edge and agreement corporations (annual): 1; investment Edge and agreement corporations: (quarterly): 20; investment Edge and agreement corporations: (annual): 19. General description of report: This information is mandatory (12 U.S.C. 602, 625). In addition, with respect to the contact information collected in the Patriot Act Contact Information section, the Board's regulation's (12 CFR part 211.5(m)) instruct Edge and agreement corporations to comply with the information sharing regulations that the Department of the Treasury issued pursuant to Section 314(a) of the USA Patriot Act of 2001, Public Law 107-56, 115 Stat. 307 (31 U.S.C. 5318(h)); and implemented at 31 CFR part 1010.520(b). For Edge corporations engaged in banking, current Schedules RC-M (with the exception of item 3) and RC-V are held confidential pursuant to Section (b)(4) of FOIA (5 U.S.C. 552(b)(4)). For investment Edge corporations, only information collected on Schedule RC-M (with the exception of item 3) are given confidential treatment pursuant to Section (b)(4) of FOIA (5 U.S.C. 552(b)(4)). In addition, the information provided in the Patriot Act Contact Information section may be withheld as confidential under FOIA to prevent unauthorized individuals from falsely posing as an institution's point-of-contact in order to gain access to the highly sensitive and confidential communications sent by email between the Financial Crimes Enforcement Network or federal law enforcement officials and the Patriot Act point-of-contact. The identity and contact information of private individuals, which is collected and maintained for law enforcement purposes under the Patriot Act, appears exempt from disclosure pursuant to exemption 7(C) of FOIA (5 U.S.C. 552(b)(7)(C)). Abstract: The FR 2886b collects quarterly financial data from banking Edge and agreement corporations and investment (nonbanking) Edge and agreement corporations. Except for examination reports, it provides the only financial data available for these corporations. The Federal Reserve is solely responsible for authorizing, supervising, and assigning ratings to Edge and agreement corporations. The Federal Reserve uses the data collected on the FR 2886b to identify present and potential problems and monitor and develop a better understanding of activities within the industry. Current Actions: On March 27, 2015, the Federal Reserve published a notice in the Federal Register (80 FR 16386) requesting public comment for 60 days on the revision, without extension, of the financial statements for holding companies. The comment period expired on May 26, 2015. The Federal Reserve did not receive any public comments addressing the proposed revisions to these information collections. However, due to delays in enhancements to the Federal Reserve's automated systems, the Federal Reserve is extending the implementation date to March 31, 2016. Board of Governors of the Federal Reserve System, August 25, 2015. Robert deV. Frierson, Secretary of the Board. [FR Doc. 2015-21367 Filed 8-27-15; 8:45 am] BILLING CODE 6210-01-P
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above criteria and are therefore subject document any changes in its internal should periodically review the resulting
to the advanced approaches rule.5 definition of capital, and the reason for assessment of overall capital adequacy.
Also, some banks or BHCs may those changes. This review, which should occur at least
voluntarily decide to adopt the annually, should include an analysis of
advanced approaches framework. Both Ensuring Integrity of Internal Capital
how measures of internal capital
mandatory and voluntary respondents Adequacy Assessments
adequacy compare with other capital
are required to meet certain Paragraph 41. A banking organization measures (such as regulatory,
qualification requirements before they should maintain thorough accounting-based or market-
can use the advanced approaches documentation of its ICAAP to ensure determined). Upon completion of this
framework for risk-based capital transparency. At a minimum, this review, the board or its delegated agent
purposes. should include a description of the should determine that, consistent with
The Pillar 2 Guidance sets the banking organization’s overall capital- safety and soundness, the banking
expectation that respondents maintain management process, including the organization’s capital takes into account
certain documentation as described in committees and individuals responsible all material risks and is appropriate for
paragraphs 37, 41, 43, and 46 of this for the ICAAP; the frequency and its risk profile. However, in the event a
portion of the guidance. Details of the distribution of ICAAP-related reporting; capital deficiency is uncovered (that is,
expectations for each section are and the procedures for the periodic if capital is not consistent with the
provided below. evaluation of the appropriateness and banking organization’s risk profile or
adequacy of the ICAAP. In addition, risk tolerance) management should
Setting and Assessing Capital Adequacy
where applicable, ICAAP consult and adhere to formal procedures
Goals that Relate to Risk
documentation should demonstrate the to correct the capital deficiency.
Paragraph 37. In analyzing capital banking organization’s sound use of Current Actions: On May 28, 2015, the
adequacy, a banking organization quantitative methods (including model Federal Reserve published a notice in
should evaluate the capacity of its selection and limitations) and data- the Federal Register (80 FR 30459)
capital to absorb losses. Because various selection techniques, as well as requesting public comment for 60 days
definitions of capital are used within appropriate maintenance, controls, and on the extension, without revision, of
the banking industry, each banking validation. A banking organization the FR 4199. The comment period for
organization should state clearly the should document and explain the role this notice expired on July 27, 2015. The
definition of capital used in any aspect of third-party and vendor products, Federal Reserve did not receive any
of its internal capital adequacy services and information—including comments and therefore will proceed
assessment process (ICAAP). 6 Since methodologies, model inputs, systems, with extending the information
components of capital are not data, and ratings—and the extent to collection as proposed.
necessarily alike and have varying which they are used within the ICAAP. Board of Governors of the Federal Reserve
capacities to absorb losses, a banking A banking organization should have a System, August 25, 2015.
organization should be able to process to regularly evaluate the Robert deV. Frierson,
demonstrate the relationship between performance of third-party and vendor
Secretary of the Board.
its internal capital definition and its products, services and information. As
assessment of capital adequacy. If a [FR Doc. 2015–21312 Filed 8–27–15; 8:45 am]
part of the ICAAP documentation, a
banking organization’s definition of banking organization should document BILLING CODE 6210–01–P
capital differs from the regulatory the assumptions, methods, data,
definition, the banking organization information, and judgment used in its
should reconcile such differences and FEDERAL RESERVE SYSTEM
quantitative and qualitative approaches.
provide an analysis to support the Paragraph 43. The board of directors Agency Information Collection
inclusion of any capital instruments that and senior management have certain Activities: Announcement of Board
are not recognized under the regulatory responsibilities in developing, Approval Under Delegated Authority
definition. Although common equity is implementing, and overseeing the and Submission to OMB
generally the predominant component ICAAP. The board should approve the
of a banking organization’s capital ICAAP and its components. The board AGENCY: Board of Governors of the
structure, a banking organization may be or its appropriately delegated agent Federal Reserve System.
able to support the inclusion of other should review the ICAAP and its SUMMARY: Notice is hereby given of the
capital instruments in its internal components on a regular basis, and final approval of proposed information
definition of capital if it can approve any revisions. That review collections by the Board of Governors of
demonstrate a similar capacity to absorb should encompass the effectiveness of the Federal Reserve System (Board)
losses. The banking organization should the ICAAP, the appropriateness of risk under OMB delegated authority. Board-
tolerance levels and capital planning, approved collections of information are
5 Regulation YY permits a bank holding company and the strength of control incorporated into the official OMB
that is a subsidiary of a foreign banking infrastructures. Senior management inventory of currently approved
organization to elect not to comply with the collections of information. Copies of the
advanced approaches rule prior to formation of an
should continually ensure that the
IHC with the prior approval of the Board. 12 CFR ICAAP is functioning effectively and as Paperwork Reduction Act Submission,
252.153(e)(2)(C). intended, under a formal review policy supporting statements and approved
6 A bank holding company with total
that is explicit and well documented. collection of information instruments
consolidated assets of $50 billion or more is Additionally, a banking organization’s are placed into OMB’s public docket
Lhorne on DSK5TPTVN1PROD with NOTICES
required to develop and maintain a capital plan,
which must set forth a capital adequacy process. 76 internal audit function should play a files. The Federal Reserve may not
FR 74631 (December 1, 2011). ICAAP would key role in reviewing the controls and conduct or sponsor, and the respondent
constitute an internal capital adequacy process for governance surrounding the ICAAP on is not required to respond to, an
purposes of the final rule, and bank holding an ongoing basis. information collection that has been
companies that have a satisfactory ICAAP generally
would be considered to have a satisfactory internal
Paragraph 46. As part of the ICAAP, extended, revised, or implemented on or
capital adequacy process for purposes of the final the board or its delegated agent, as well after October 1, 1995, unless it displays
rule. as appropriate senior management, a currently valid OMB control number.
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treatment for the reporting information, family of reports data are used to of FHC status. All other FBOs file the FR
in whole or in part, can be requested in identify current and potential problems Y–7Q annually.
accordance with the instructions to the at the foreign subsidiaries of U.S. parent 7. Report title: Quarterly Savings and
form, pursuant to sections (b)(4), (b)(6) companies, to monitor the activities of Loan Holding Company Report.
and (b)(8) of FOIA (5 U.S.C. 522(b)(4), U.S. banking organizations in specific Agency form number: FR 2320.
(b)(6) and (b)(8)). countries, and to develop a better OMB control number: 7100–0345.
Abstract: The FR Y–11 and FR Y–11S understanding of activities within the Frequency: Quarterly.
reporting forms collect financial industry, in general, and of individual Reporters: SLHCs.
information for individual non- institutions, in particular. Estimated annual reporting hours:
functionally regulated U.S. nonbank 6. Report title: Financial Statements of 180 hours.
subsidiaries of domestic HCs. HCs file U.S. Nonbank Subsidiaries Held by Estimated average hours per response:
the FR Y–11 on a quarterly or annual Foreign Banking Organizations, the 2.5 hours.
basis or the FR Y–11S annually based Abbreviated Financial Statements of Number of respondents: 18.
on size thresholds, and for the FR Y– U.S. Nonbank Subsidiaries Held by General description of report: This
11S, based on an additional threshold Foreign Banking Organizations, and the information collection is mandatory
related to the percentage of consolidated Capital and Asset Report for Foreign pursuant to section 312 of the DFA and
assets of the top-tier organization. The Banking Organizations. section 10 of HOLA, as amended by
FR Y–11 family of reports data are used Agency form number: FR Y–7N, FR section 369 of the DFA, (12 U.S.C.
with other HC data to assess the Y–7NS, and FR Y–7Q. 1467a(b)(2)), as amended by Public Law
condition of HCs that are heavily OMB control number: 7100–0125. 111–201, 369(8). Data items C572, C573,
engaged in nonbanking activities and to Frequency: Quarterly and annually. and C574 on Schedule HC may be
monitor the volume, nature, and Reporters: Foreign banking protected from disclosure under
condition of their nonbanking organizations (FBOs). exemption 4 of FOIA (5 U.S.C.
operations. Estimated annual reporting hours: FR 552(b)(4)). With regard to the remaining
5. Report title: Financial Statements of Y–7N (quarterly): 5,168 hours; FR Y–7N data items on Schedule HC, the Federal
Foreign Subsidiaries of U.S. Banking (annual): 612 hours; FR Y–7NS: 74 Reserve has determined that institutions
Organizations and the Abbreviated hours; FR Y–7Q (quarterly): 945 hours; may request confidential treatment for
Financial Statements of Foreign FR Y–7Q (annual): 50 hours. any FR 2320 data item or for all FR 2320
Subsidiaries of U.S. Banking Estimated average hours per response: data items, and confidential treatment
Organizations. FR Y–7N (quarterly): 6.8 hours; FR Y– will be reviewed on a case-by-case basis.
Agency form number: FR 2314 and FR 7N (annual): 6.8 hours; FR Y–7NS: 1 Abstract: The FR 2320 collects select
2314S. hour; FR Y–7Q (quarterly): 1.75 hours; parent only and consolidated balance
OMB control number: 7100–0073. FR Y–7Q (annual): 1.5 hours. sheet and income statement financial
Frequency: Quarterly and annually. Number of respondents: FR Y–7N data and organizational structure date
Reporters: Foreign subsidiaries of U.S. (quarterly): 190; FR Y–7N (annual): 90; from SLHCs exempt from initially filing
state member banks (SMBs), Edge and FR Y–7NS: 74; FR Y–7Q (quarterly): Federal Reserve regulatory reports. The
agreement corporations, and HCs. 135; FR Y–7Q (annual): 33. FR 2320 is used by the Federal Reserve
Estimated annual reporting hours: FR General description of report: This to analyze the overall financial
2314 (quarterly): 18,427 hours; FR 2314 information collection is mandatory (12 condition of exempt SLHCs to ensure
(annual): 2,554 hours; FR 2314S: 480 U.S.C. 1844(c)) and sections 8(c) and 13 safe and sound operations.
hours. of the International Banking Act (12 8. Report title: Savings Association
Estimated average hours per response: U.S.C. 3106(c) and 3108)). Overall, the Holding Company Report.
FR 2314: 6.60 hours; FR 2314S: 1 hour. Federal Reserve does not consider these Agency form number: FR H–(b)11.
Number of respondents: FR 2314 data to be confidential. However, OMB control number: 7100–0334.
(quarterly): 698; FR 2314 (annual): 387; individual respondents may request Frequency: Quarterly.
FR 2314S: 480. confidential treatment for any of these Reporters: SLHCs.
General description of report: This reports pursuant to sections (b)(4), Estimated annual reporting hours:
information collection is mandatory (12 (b)(6), or (b)(8) of FOIA (5 U.S.C. 264 hours.
U.S.C. 324, 602, 625, and 1844(c)). 522(b)(4), (b)(6), and (b)(8)). The Estimated average hours per response:
Confidential treatment is not routinely applicability of these exemptions would 2 hours.
given to the data in these reports. need to be determined on a case-by-case Number of respondents: 33.
However, confidential treatment for the basis. General description of report: This
reporting information, in whole or in Abstract: The FR Y–7N and FR Y– information collection is mandatory (12
part, can be requested in accordance 7NS collect financial information for U.S.C. 1467a(b)(2)(A)). The FR H–(b)11
with the instructions to the form, non-functionally regulated U.S. covers 6 different items. However, the
pursuant to sections (b)(4), (b)(6) and nonbank subsidiaries held by FBOs Federal Reserve has determined that
(b)(8) of FOIA (5 U.S.C. 522(b)(4), (b)(6) other than through a U.S. BHC, U.S. supplemental information in response
and (b)(8)). financial holding company (FHC), or to a ‘‘yes’’ answer for the Quarterly
Abstract: The FR 2314 and FR 2314S U.S. bank. FBOs file the FR Y–7N Savings and Loan Holding Company
reporting forms collect financial quarterly or annually or the FR Y–7NS Report (FR 2320; OMB No. 7100–0345)
information for non-functionally annually predominantly based on asset FR 2320’s questions 24, 25, and 26 may
regulated direct or indirect foreign size thresholds. The FR Y–7Q collects be protected from disclosure under
Lhorne on DSK5TPTVN1PROD with NOTICES
subsidiaries of U.S. SMBs, Edge and consolidated regulatory capital exemption 4 of FOIA, which covers
agreement corporations, and HCs. information from all FBOs either ‘‘trade secrets and commercial or
Parent organizations (SMBs, Edge and quarterly or annually. The FR Y–7Q is financial information obtained from a
agreement corporations, or HCs) file the filed quarterly by FBOs that have person [that is] privileged or
FR 2314 on a quarterly or annual basis effectively elected to become FHCs and confidential’’ (5 U.S.C. 522(b)(4)).
or the FR 2314S annually based on by FBOs that have total consolidated Confidential treatment for the remaining
additional size thresholds. The FR 2314 assets of $50 billion or more, regardless portion of the reporting information can
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![Federal Register / Vol. 80, No. 167 / Friday, August 28, 2015 / Notices 52285
be requested in accordance with the investment Edge corporations, only GENERAL SERVICES
instructions to the form, pursuant to information collected on Schedule RC– ADMINISTRATION
sections (b)(4), (b)(6), or (b)(8) of FOIA M (with the exception of item 3) are
(5 U.S.C. 522(b)(4), (b)(6), and (b)(8)). given confidential treatment pursuant to [OMB Control No. 3090–00XX]; [Docket No.
Abstract: The FR H–(b)11 collects Section (b)(4) of FOIA (5 U.S.C. 2015–0001; Sequence No. 6]
from exempt SLHCs information on 552(b)(4)).
filings with the Securities and Exchange Submission to OMB for Review; OMB
Commission (SEC), reports provided by In addition, the information provided Control No. 3090–00XX; Wireless
the nationally recognized statistical in the Patriot Act Contact Information Telecommunications Company
rating organizations and securities section may be withheld as confidential Application
analysts, supplemental information for under FOIA to prevent unauthorized
AGENCY: Public Buildings Service,
select questions from the FR 2320, individuals from falsely posing as an
General Services Administration (GSA).
financial statements, and other institution’s point-of-contact in order to
ACTION: Notice of request for public
materially important events and gain access to the highly sensitive and
confidential communications sent by comments regarding a new Office of
exhibits. The Federal Reserve uses the
Management and Budget (OMB)
FR H–(b)11 data to analyze the overall email between the Financial Crimes
information clearance.
financial condition of exempt SLHCs to Enforcement Network or federal law
ensure safe and sound operations. enforcement officials and the Patriot Act SUMMARY: Under the provisions of the
9. Report title: Consolidated Report of point-of-contact. The identity and Paperwork Reduction Act of 1995 (44
Condition and Income for Edge and contact information of private U.S.C. chapter 35), GSA will be
Agreement Corporations. individuals, which is collected and submitting to OMB for review and
Agency form number: FR 2886b. maintained for law enforcement approval a new information collection
OMB control number: 7100–0086. purposes under the Patriot Act, appears request concerning the Wireless
Frequency: Quarterly and annually.
Reporters: Banking Edge and exempt from disclosure pursuant to Telecommunications Company
agreement corporations and investment exemption 7(C) of FOIA (5 U.S.C. Application. GSA will also be
(nonbanking) Edge and agreement 552(b)(7)(C)). requesting from OMB approval to
corporations. Abstract: The FR 2886b collects characterize this form as a common
Estimated annual reporting hours: form, meaning that GSA will only
quarterly financial data from banking
Banking Edge and agreement request approval for its own use of the
Edge and agreement corporations and
corporations (quarterly): 424 hours; form, rather than aggregating the burden
investment (nonbanking) Edge and estimate across all Federal agencies that
banking Edge and agreement agreement corporations. Except for
corporations (annual): 15 hours; may use this form. A previous notice
examination reports, it provides the relating to the Wireless
investment Edge and agreement only financial data available for these
corporations: (quarterly): 768 hours; Telecommunications Company
corporations. The Federal Reserve is Application was published in the
investment Edge and agreement solely responsible for authorizing,
corporations: (annual): 182 hours. Federal Register on March 12, 2015, at
supervising, and assigning ratings to 80 FR 13004. One respondent submitted
Estimated average hours per response:
Edge and agreement corporations. The 20 comments on this collection.
Banking Edge and agreement
corporations: 15.15 hours; investment Federal Reserve uses the data collected DATES: Submit comments on or before
Edge and agreement corporations: 9.60 on the FR 2886b to identify present and September 28, 2015.
hours. potential problems and monitor and ADDRESSES: Submit comments
Number of respondents: Banking Edge develop a better understanding of identified by Information Collection
and agreement corporations (quarterly): activities within the industry. 3090–00XX regarding this burden
7; banking Edge and agreement Current Actions: On March 27, 2015, estimate or any other aspect of this
corporations (annual): 1; investment the Federal Reserve published a notice collection of information, including
Edge and agreement corporations: in the Federal Register (80 FR 16386) suggestions for reducing this burden to:
(quarterly): 20; investment Edge and requesting public comment for 60 days Office of Information and Regulatory
agreement corporations: (annual): 19. on the revision, without extension, of Affairs of OMB, Attention: Desk Officer
General description of report: This the financial statements for holding for GSA, Room 10236, NEOB,
information is mandatory (12 U.S.C. Washington, DC 20503. Additionally
companies. The comment period
602, 625). In addition, with respect to submit a copy to GSA by any of the
expired on May 26, 2015. The Federal
the contact information collected in the following methods:
Reserve did not receive any public
Patriot Act Contact Information section,
comments addressing the proposed • Regulations.gov: http://
the Board’s regulation’s (12 CFR part www.regulations.gov. Submit comments
211.5(m)) instruct Edge and agreement revisions to these information
collections. However, due to delays in via the Federal eRulemaking portal by
corporations to comply with the searching for Information Collection 3090–
information sharing regulations that the enhancements to the Federal Reserve’s 00XX. Select the link ‘‘Comment Now’’
Department of the Treasury issued automated systems, the Federal Reserve that corresponds with ‘‘Information
pursuant to Section 314(a) of the USA is extending the implementation date to Collection 3090–00xx; Wireless
Patriot Act of 2001, Public Law 107–56, March 31, 2016. Telecommunications Company
115 Stat. 307 (31 U.S.C. 5318(h)); and Application.’’ Follow the instructions
Board of Governors of the Federal Reserve
Lhorne on DSK5TPTVN1PROD with NOTICES
implemented at 31 CFR part provided on the screen. Please include
System, August 25, 2015. your name, company name (if any) and
1010.520(b). Robert deV. Frierson, ‘‘Information Collection 3090–00XX;
For Edge corporations engaged in Wireless Telecommunications Company
banking, current Schedules RC–M (with Secretary of the Board.
Application’’ on your attached document.
the exception of item 3) and RC–V are [FR Doc. 2015–21367 Filed 8–27–15; 8:45 am]
• Mail: U.S. General Services
held confidential pursuant to Section BILLING CODE 6210–01–P Administration, Regulatory Secretariat
(b)(4) of FOIA (5 U.S.C. 552(b)(4)). For Division (MVCB), 1800 F Street NW.,
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Document Created: 2015-12-15 11:04:36
Document Modified: 2015-12-15 11:04:36
| 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 27, 2015, the Federal Reserve published a notice in the Federal Register (80 FR 16386) requesting public comment for 60 days on the revision, without extension, of the financial statements for holding companies. The comment period expired on May 26, 2015. The Federal Reserve did not receive any public comments | |
| 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. | |
| FR Citation | 80 FR 52282 |
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