82_FR_32950 82 FR 32814 - Proposed Agency Information Collection Activities; Comment Request

82 FR 32814 - Proposed Agency Information Collection Activities; Comment Request

FEDERAL RESERVE SYSTEM

Federal Register Volume 82, Issue 136 (July 18, 2017)

Page Range32814-32816
FR Document2017-15044

The Board of Governors of the Federal Reserve System (Board or Federal Reserve) invites comment on a proposal to extend for three years, with revision, the Financial Statements of U.S. Nonbank Subsidiaries of U.S. Holding Companies (FR Y-11; OMB No. 7100-0244), the Abbreviated Financial Statements of U.S. Nonbank Subsidiaries of U.S. Holding Companies (FR Y-11S; OMB No. 7100-0244), the Financial Statements of Foreign Subsidiaries of U.S. Banking Organizations (FR 2314; OMB No. 7100-0073), and the Abbreviated Financial Statements of Foreign Subsidiaries of U.S. Banking Organizations (FR 2314S; OMB No. 7100-0073). On June 15, 1984, the Office of Management and Budget (OMB) delegated to the Board authority under the Paperwork Reduction Act (PRA) to approve of and assign OMB control numbers to collection of information requests and requirements conducted or sponsored by the Board. In exercising this delegated authority, the Board is directed to take every reasonable step to solicit comment. In determining whether to approve a collection of information, the Board will consider all comments received from the public and other agencies.

Federal Register, Volume 82 Issue 136 (Tuesday, July 18, 2017)
[Federal Register Volume 82, Number 136 (Tuesday, July 18, 2017)]
[Notices]
[Pages 32814-32816]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-15044]


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FEDERAL RESERVE SYSTEM


Proposed Agency Information Collection Activities; Comment 
Request

AGENCY: Board of Governors of the Federal Reserve System.

ACTION: Notice, request for comment.

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

SUMMARY: The Board of Governors of the Federal Reserve System (Board or 
Federal Reserve) invites comment on a proposal to extend for three 
years, with revision, the Financial Statements of U.S. Nonbank 
Subsidiaries of U.S. Holding Companies (FR Y-11; OMB No. 7100-0244), 
the Abbreviated Financial Statements of U.S. Nonbank Subsidiaries of 
U.S. Holding Companies (FR Y-11S; OMB No. 7100-0244), the Financial 
Statements of Foreign Subsidiaries of U.S. Banking Organizations (FR 
2314; OMB No. 7100-0073), and the Abbreviated Financial Statements of 
Foreign Subsidiaries of U.S. Banking Organizations (FR 2314S; OMB No. 
7100-0073).
    On June 15, 1984, the Office of Management and Budget (OMB) 
delegated to the Board authority under the Paperwork Reduction Act 
(PRA) to approve of and assign OMB control numbers to collection of 
information requests and requirements conducted or sponsored by the 
Board. In exercising this delegated authority, the Board is directed to 
take every reasonable step to solicit comment. In determining whether 
to approve a collection of information, the Board will consider all

[[Page 32815]]

comments received from the public and other agencies.

DATES: Comments must be submitted on or before September 18, 2017.

ADDRESSES: You may submit comments, identified by FR Y-11, FR Y-11S, FR 
2314, or FR 2314S, by any of the following methods:
     Agency Web site: http://www.federalreserve.gov. Follow the 
instructions for submitting comments at http://www.federalreserve.gov/apps/foia/proposedregs.aspx.
     Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments.
     Email: [email protected]. Include OMB 
number in the subject line of the message.
     FAX: (202) 452-3819 or (202) 452-3102.
     Mail: Ann E. Misback, Secretary, Board of Governors of the 
Federal Reserve System, 20th Street and Constitution Avenue NW., 
Washington, DC 20551.
    All public comments are available from the Board's Web site at 
http://www.federalreserve.gov/apps/foia/proposedregs.aspx as submitted, 
unless modified for technical reasons. Accordingly, your comments will 
not be edited to remove any identifying or contact information. Public 
comments may also be viewed electronically or in paper form in Room 
3515, 1801 K Street (between 18th and 19th Streets NW.) Washington, DC 
20006 between 9:00 a.m. and 5:00 p.m. on weekdays.
    Additionally, commenters may send a copy of their comments to the 
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 or by 
fax to (202) 395-6974.

FOR FURTHER INFORMATION CONTACT: A copy of the PRA OMB submission, 
including the proposed reporting form and instructions, supporting 
statement, and other documentation will be placed into OMB's public 
docket files, once approved. These documents will also be made 
available on the Federal Reserve Board's public Web site at: http://www.federalreserve.gov/apps/reportforms/review.aspx or may be requested 
from the agency clearance officer, whose name appears below.
    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.

SUPPLEMENTARY INFORMATION:

Request for Comment on Information Collection Proposal

    The Board invites public comment on the following information 
collection, which is being reviewed under authority delegated by the 
OMB under the PRA. Comments are invited on all aspects of the proposal, 
including:
    a. Whether the proposed collection of information is necessary for 
the proper performance of the Federal Reserve's functions; including 
whether the information has practical utility;
    b. The accuracy of the Federal Reserve's estimate of the burden of 
the proposed information collection, including the validity of the 
methodology and assumptions used;
    c. Ways to enhance the quality, utility, and clarity of the 
information to be collected;
    d. Ways to minimize the burden of information collection on 
respondents, including through the use of automated collection 
techniques or other forms of information technology; and
    e. Estimates of capital or startup costs and costs of operation, 
maintenance, and purchase of services to provide information.
    At the end of the comment period, the comments and recommendations 
received will be analyzed to determine the extent to which the Federal 
Reserve should modify the proposed revisions prior to giving final 
approval.

Proposal To Approve Under OMB Delegated Authority the Extension for 
Three Years, With Revision, of the Following Information Collections

    1. 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: Holding companies.
    Estimated annual reporting hours: FR Y-11 (quarterly): 17,244; FR 
Y-11 (annual): 1,564; FR Y-11S: 299.
    Estimated average hours per response: FR Y-11 (quarterly): 6.8; FR 
Y-11 (annual): 6.8; FR Y-11S: 1.
    Number of respondents: FR Y-11 (quarterly): 634; FR Y-11 (annual): 
230; FR Y-11S: 299.
    General Description of Report: The FR Y-11 reporting forms collect 
financial information for individual non-functionally regulated U.S. 
nonbank subsidiaries of domestic holding companies (i.e., bank holding 
companies, savings and loan holding companies, securities holding 
companies, and intermediate holding companies). Holding companies file 
the FR Y-11 on a quarterly or annual basis or the FR Y-11S on an annual 
basis, predominantly based on whether the organization meets certain 
asset size thresholds. The FR Y-11 data are used with other holding 
company data to assess the condition of holding companies that are 
heavily engaged in nonbanking activities and to monitor the volume, 
nature, and condition of their nonbanking operations.
    Legal authorization and confidentiality: The Board's Legal Division 
has determined that the FR Y-11 series of reports are mandatory and the 
collection of these reports from bank holding companies, savings and 
loan holding companies, securities holding companies, and intermediate 
holding companies (IHCs) is authorized under: Section 5(c) of the Bank 
Holding Company Act (BHC Act) (12 U.S.C. 1844(c)); section 10(b) of the 
Homeowners' Loan Act (12 U.S.C. 1467a(b)(2)); section 165 of the Dodd-
Frank Act (12 U.S.C. 5365)(IHCs only); sections 8 and 13 of the 
International Banking Act (12 U.S.C. 3106, 3108); and section 618 of 
the Dodd-Frank Act, (12 U.S.C. 1850a). Overall, the Federal Reserve 
does not consider these data to be confidential. However, a respondent 
may request confidential treatment pursuant to sections (b)(4), (b)(6), 
and (b)(8) of the Freedom of Information Act (5 U.S.C. 552(b)(4), 
(b)(6), (b)(8)). The applicability of these exemptions would need to be 
determined on a case-by-case basis.
    Proposed revisions: The Federal Reserve is proposing to revise the 
instructions for Schedule IS and related line item captions on the 
reporting form to remove the term ``extraordinary items'' and replace 
it with ``discontinued operations'' on the Financial Statements of U.S. 
Nonbank Subsidiaries of U.S. Holding Companies (FR Y-11), effective for 
reports submitted on or after October 1, 2017, beginning with the 
reports reflecting the September 30, 2017 report date. This reflects 
ASU No. 2015-01, ``Simplifying Income Statement Presentation by 
Eliminating the Concept of Extraordinary Items,'' issued by the 
Financial Accounting Standards Board in 2015. Additionally, the Federal 
Reserve proposes to replace report form captions and instructions 
referencing ``Loans net of unearned income'' with

[[Page 32816]]

``Loans held for investment'' where applicable.
    2. 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: U.S. state member banks, holding companies, and Edge or 
agreement corporations.
    Estimated annual reporting hours: FR 2314 (quarterly): 13,807; FR 
2314 (annual): 1,690; FR 2314S: 322.
    Estimated average hours per response: FR 2314 (quarterly): 6.6; FR 
2314 (annual): 6.6; FR 2314S: 1.
    Number of respondents: FR 2314 (quarterly): 523; FR 2314 (annual): 
256; FR 2314S: 322.
    General Description of Report: The FR 2314 reporting forms collect 
financial information for non-functionally regulated direct or indirect 
foreign subsidiaries of U.S. state member banks (SMBs), Edge and 
agreement corporations, and holding companies (i.e., bank holding 
companies, savings and loan holding companies, securities holding 
companies, and intermediate holding companies). Parent organizations 
(SMBs, Edge and agreement corporations, or holding companies) file the 
FR 2314 on a quarterly or annual basis, or the FR 2314S on an annual 
basis, predominantly based on whether the organization meets certain 
asset size thresholds. The FR 2314 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.
    Legal authorization and confidentiality: The Board's Legal Division 
has determined that the FR 2314 series of reports is mandatory and the 
collection of these reports from bank holding companies, savings and 
loan holding companies, securities holding companies, and intermediate 
holding companies (IHCs) is authorized under: Section 5(c) of the Bank 
Holding Company Act (BHC Act) (12 U.S.C. 1844(c)); section 10(b) of the 
Homeowners' Loan Act, (12 U.S.C. 1467a(b)(2)); section 165 of the Dodd-
Frank Act, (12 U.S.C. 5365)(IHCs only); sections 8 and 13 of the 
International Banking Act (12 U.S.C. 3106, 3108); and section 618 of 
the Dodd-Frank Act, (12 U.S.C. 1850a). Collection of information from 
non-functionally regulated direct or indirect foreign subsidiaries of 
U.S. state member banks, Edge and agreement corporations filing the FR 
2314 series of reports is authorized under sections 9(6), 25(7) and 
25A(17) of the Federal Reserve Act, (12 U.S.C. 324, 602, and 625), 
respectively. Overall, the Federal Reserve does not consider these data 
to be confidential. However, a respondent may request confidential 
treatment pursuant to sections (b)(4), (b)(6), and (b)(8) of the 
Freedom of Information Act (5 U.S.C. 552(b)(4), (b)(6), (b)(8)). The 
applicability of these exemptions would need to be determined on a 
case-by-case basis.
    Proposed revisions: The Federal Reserve is proposing to revise the 
instructions for Schedule IS and related line item captions on the 
reporting form to remove the term ``extraordinary items'' and replace 
it with ``discontinued operations'' on the Financial Statements of 
Foreign Subsidiaries of U.S. Banking Organizations (FR 2314), effective 
for reports submitted on or after October 1, 2017, beginning with the 
reports reflecting the September 30, 2017 report date. This reflects 
ASU No. 2015-01, ``Simplifying Income Statement Presentation by 
Eliminating the Concept of Extraordinary Items,'' issued by the 
Financial Accounting Standards Board in 2015. Additionally, the Federal 
Reserve proposes to replace report form captions and instructions 
referencing ``Loans net of unearned income'' with ``Loans held for 
investment'' where applicable.

    Board of Governors of the Federal Reserve System, July 12, 2017.
Ann E. Misback,
Secretary of the Board.
[FR Doc. 2017-15044 Filed 7-17-17; 8:45 am]
BILLING CODE 6210-01-P



                                                32814                           Federal Register / Vol. 82, No. 136 / Tuesday, July 18, 2017 / Notices

                                                   Number of respondents: FR Y–7N                          Reporters: Edge and agreement                       authorize the Federal Reserve to collect
                                                (annual): 50; FR Y–7N (annual): 46; FR                   corporations and investment                           the FR 2886b (12 U.S.C. 602, 625). The
                                                Y–7NS: 66; FR Y–7Q (quarterly): 137;                     (nonbanking) Edge and agreement                       obligation of covered institutions to
                                                FR Y–7Q (annual): 32.                                    corporations.                                         report this information is mandatory.
                                                   General description of report: The FR                   Estimated annual reporting hours:                   The information collected on this report
                                                Y–7N and FR Y–7NS collect financial                      Banking: Edge and agreement                           is generally not considered confidential.
                                                information for non-functionally                         corporations (quarterly): 424; Banking:               However, information provided on
                                                regulated U.S. nonbank subsidiaries                      Edge and agreement corporations                       Schedule RC–M (with the exception for
                                                held by FBOs other than through a BHC,                   (annually): 15; Investment: Edge and                  item 3) and on Schedule RC–V, both of
                                                IHC or U.S. bank. FBOs file the FR Y–                    agreement corporations (quarterly): 922;              which pertain to claims on and
                                                7N quarterly or annually or the FR Y–                    Investment: Edge and agreement                        liabilities to related organizations, may
                                                7NS annually predominantly based on                      corporations (annually): 86.                          be exempt from disclosure pursuant to
                                                asset size thresholds. The FR Y–7Q                         Estimated average hours per response:               exemption (b)(4) of the Freedom of
                                                collects consolidated regulatory capital                 Banking: Edge and agreement                           Information Act, (5 U.S.C. 552(b)(4)).
                                                information from all FBOs either                         corporations (quarterly): 15.15; Banking:             The information provided in the Patriot
                                                quarterly or annually. The FR Y–7Q is                    Edge and agreement corporations                       Act Contact Information section of the
                                                filed quarterly by FBOs that have                        (annually): 15.15; Investment: Edge and               reporting form may be exempt from
                                                effectively elected to become or be                      agreement corporations (quarterly): 9.6;              disclosure pursuant to exemption
                                                treated as a U.S. financial holding                      Investment: Edge and agreement                        (b)(7)(C) of the Freedom of Information
                                                company (FHC) and by FBOs that have                      corporations (annually): 9.6.                         Act (5 U.S.C. 552(b)(7)(C)).
                                                total consolidated assets of $50 billion                   Number of respondents: Banking:
                                                                                                         Edge and agreement corporations                         Board of Governors of the Federal Reserve
                                                or more, regardless of FHC status. All                                                                         System, July 13, 2017.
                                                other FBOs file the FR Y–7Q annually.                    (quarterly): 7; Banking: Edge and
                                                                                                         agreement corporations (annually): 1;                 Ann E. Misback,
                                                   Proposed revisions: The Federal
                                                Reserve proposes to revise the report                    Investment: Edge and agreement                        Secretary of the Board.
                                                form and instructions for the FR Y–7N                    corporations (quarterly): 24; Investment:             [FR Doc. 2017–15045 Filed 7–17–17; 8:45 am]
                                                to eliminate the concept of                              Edge and agreement corporations                       BILLING CODE 6210–01–P
                                                extraordinary items to be consistent                     (annually): 9.
                                                with Accounting Standards Update                           General description of report: The FR
                                                (ASU) 2015–01, reclassify and clarify                    2886b reporting form is filed quarterly               FEDERAL RESERVE SYSTEM
                                                the reporting for certain tax benefits,                  and annually by banking Edge and
                                                                                                         agreement corporations and investment                 Proposed Agency Information
                                                and replace report form captions and                                                                           Collection Activities; Comment
                                                instructions referencing ‘‘Loans net of                  (nonbanking) Edge and agreement
                                                                                                         corporations (collectively, ‘‘Edges or                Request
                                                unearned income’’ with ‘‘Loans held for
                                                investment,’’ effective for reports                      Edge corporations’’). The mandatory FR                AGENCY: Board of Governors of the
                                                submitted on or after October 1, 2017,                   2886b comprises an income statement                   Federal Reserve System.
                                                beginning with the reports reflecting the                with two schedules reconciling changes                ACTION: Notice, request for comment.
                                                September 30, 2017 report date.                          in capital and reserve accounts and a
                                                   Legal authorization and                               balance sheet with 11 supporting                      SUMMARY:   The Board of Governors of the
                                                confidentiality: The Board’s Legal                       schedules. Other than examination                     Federal Reserve System (Board or
                                                Division has determined that the FR Y–                   reports, it provides the only financial               Federal Reserve) invites comment on a
                                                7N, FR Y–7NS, and FR Y–7Q are                            data available for these corporations.                proposal to extend for three years, with
                                                authorized by section 5(c) of the Bank                   The Federal Reserve is solely                         revision, the Financial Statements of
                                                Holding Company Act (12 U.S.C.                           responsible for authorizing, supervising,             U.S. Nonbank Subsidiaries of U.S.
                                                1844(c)) and sections 8(c) and 13 of the                 and assigning ratings to Edges. The                   Holding Companies (FR Y–11; OMB No.
                                                International Banking Act (12 U.S.C.                     Federal Reserve uses the data collected               7100–0244), the Abbreviated Financial
                                                3106(c) and 3108). Section 165 of the                    on the FR 2886b to identify present and               Statements of U.S. Nonbank
                                                Dodd-Frank Act (12 U.S.C. 5365) directs                  potential problems and monitor and                    Subsidiaries of U.S. Holding Companies
                                                the Board to establish enhanced                          develop a better understanding of                     (FR Y–11S; OMB No. 7100–0244), the
                                                prudential standards for certain                         activities within the industry.                       Financial Statements of Foreign
                                                companies, including certain FBOs. The                     Proposed revisions: The Federal                     Subsidiaries of U.S. Banking
                                                obligation of covered institutions to                    Reserve proposes to revise the report                 Organizations (FR 2314; OMB No. 7100–
                                                report this information is mandatory. In                 form and instructions to eliminate the                0073), and the Abbreviated Financial
                                                general, the Board does not consider the                 concept of extraordinary items to be                  Statements of Foreign Subsidiaries of
                                                financial data in these reports to be                    consistent with Accounting Standards                  U.S. Banking Organizations (FR 2314S;
                                                confidential. However, a respondent                      Update (ASU) 2015–01, reclassify and                  OMB No. 7100–0073).
                                                may request confidential treatment                       clarify the reporting for certain tax                   On June 15, 1984, the Office of
                                                pursuant to sections (b)(4), (b)(6), and                 benefits in the reporting instructions,               Management and Budget (OMB)
                                                (b)(8) of the Freedom of Information Act                 and replace report form captions and                  delegated to the Board authority under
                                                (5 U.S.C. 552(b)(4), (b)(6), and (b)(8)).                instructions referencing ‘‘Loans net of               the Paperwork Reduction Act (PRA) to
                                                The applicability of these exemptions                    unearned income’’ with ‘‘Loans held for               approve of and assign OMB control
                                                                                                                                                               numbers to collection of information
sradovich on DSK3GMQ082PROD with NOTICES




                                                would need to be reviewed on a case by                   investment,’’ effective for reports
                                                case basis.                                              submitted on or after October 1, 2017,                requests and requirements conducted or
                                                   3. Report title: Consolidated Report of               beginning with the reports reflecting the             sponsored by the Board. In exercising
                                                Condition and Income for Edge and                        September 30, 2017 report date.                       this delegated authority, the Board is
                                                Agreement Corporations.                                    Legal authorization and                             directed to take every reasonable step to
                                                   Agency form number: FR 2886b.                         confidentiality: The Board’s Legal                    solicit comment. In determining
                                                   OMB control number: 7100–0086.                        Division has determined that Sections                 whether to approve a collection of
                                                   Frequency: Quarterly.                                 25 and 25A of the Federal Reserve Act                 information, the Board will consider all


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                                                                                Federal Register / Vol. 82, No. 136 / Tuesday, July 18, 2017 / Notices                                          32815

                                                comments received from the public and                    (202) 263–4869, Board of Governors of                 functionally regulated U.S. nonbank
                                                other agencies.                                          the Federal Reserve System,                           subsidiaries of domestic holding
                                                DATES: Comments must be submitted on                     Washington, DC 20551.                                 companies (i.e., bank holding
                                                or before September 18, 2017.                            SUPPLEMENTARY INFORMATION:                            companies, savings and loan holding
                                                ADDRESSES: You may submit comments,                                                                            companies, securities holding
                                                                                                         Request for Comment on Information                    companies, and intermediate holding
                                                identified by FR Y–11, FR Y–11S, FR                      Collection Proposal
                                                2314, or FR 2314S, by any of the                                                                               companies). Holding companies file the
                                                following methods:                                         The Board invites public comment on                 FR Y–11 on a quarterly or annual basis
                                                  • Agency Web site: http://                             the following information collection,                 or the FR Y–11S on an annual basis,
                                                www.federalreserve.gov. Follow the                       which is being reviewed under                         predominantly based on whether the
                                                instructions for submitting comments at                  authority delegated by the OMB under                  organization meets certain asset size
                                                http://www.federalreserve.gov/apps/                      the PRA. Comments are invited on all                  thresholds. The FR Y–11 data are used
                                                foia/proposedregs.aspx.                                  aspects of the proposal, including:                   with other holding company data to
                                                  • Federal eRulemaking Portal: http://                    a. Whether the proposed collection of               assess the condition of holding
                                                www.regulations.gov. Follow the                          information is necessary for the proper               companies that are heavily engaged in
                                                instructions for submitting comments.                    performance of the Federal Reserve’s                  nonbanking activities and to monitor
                                                  • Email: regs.comments@                                functions; including whether the                      the volume, nature, and condition of
                                                federalreserve.gov. Include OMB                          information has practical utility;                    their nonbanking operations.
                                                number in the subject line of the                          b. The accuracy of the Federal                         Legal authorization and
                                                message.                                                 Reserve’s estimate of the burden of the               confidentiality: The Board’s Legal
                                                  • FAX: (202) 452–3819 or (202) 452–                    proposed information collection,                      Division has determined that the FR Y–
                                                3102.                                                    including the validity of the                         11 series of reports are mandatory and
                                                  • Mail: Ann E. Misback, Secretary,                     methodology and assumptions used;                     the collection of these reports from bank
                                                Board of Governors of the Federal                          c. Ways to enhance the quality,                     holding companies, savings and loan
                                                Reserve System, 20th Street and                          utility, and clarity of the information to            holding companies, securities holding
                                                Constitution Avenue NW., Washington,                     be collected;                                         companies, and intermediate holding
                                                DC 20551.                                                  d. Ways to minimize the burden of                   companies (IHCs) is authorized under:
                                                   All public comments are available                     information collection on respondents,                Section 5(c) of the Bank Holding
                                                from the Board’s Web site at http://                     including through the use of automated                Company Act (BHC Act) (12 U.S.C.
                                                www.federalreserve.gov/apps/foia/                        collection techniques or other forms of               1844(c)); section 10(b) of the
                                                proposedregs.aspx as submitted, unless                   information technology; and                           Homeowners’ Loan Act (12 U.S.C.
                                                modified for technical reasons.                            e. Estimates of capital or startup costs            1467a(b)(2)); section 165 of the Dodd-
                                                Accordingly, your comments will not be                   and costs of operation, maintenance,                  Frank Act (12 U.S.C. 5365)(IHCs only);
                                                edited to remove any identifying or                      and purchase of services to provide                   sections 8 and 13 of the International
                                                contact information. Public comments                     information.                                          Banking Act (12 U.S.C. 3106, 3108); and
                                                may also be viewed electronically or in                    At the end of the comment period, the               section 618 of the Dodd-Frank Act, (12
                                                paper form in Room 3515, 1801 K Street                   comments and recommendations                          U.S.C. 1850a). Overall, the Federal
                                                (between 18th and 19th Streets NW.)                      received will be analyzed to determine                Reserve does not consider these data to
                                                Washington, DC 20006 between 9:00                        the extent to which the Federal Reserve               be confidential. However, a respondent
                                                a.m. and 5:00 p.m. on weekdays.                          should modify the proposed revisions                  may request confidential treatment
                                                   Additionally, commenters may send a                   prior to giving final approval.                       pursuant to sections (b)(4), (b)(6), and
                                                copy of their comments to the OMB                        Proposal To Approve Under OMB                         (b)(8) of the Freedom of Information Act
                                                Desk Officer—Shagufta Ahmed—Office                       Delegated Authority the Extension for                 (5 U.S.C. 552(b)(4), (b)(6), (b)(8)). The
                                                of Information and Regulatory Affairs,                   Three Years, With Revision, of the                    applicability of these exemptions would
                                                Office of Management and Budget, New                     Following Information Collections                     need to be determined on a case-by-case
                                                Executive Office Building, Room 10235,                                                                         basis.
                                                                                                           1. Report title: Financial Statements of
                                                725 17th Street NW., Washington, DC                                                                               Proposed revisions: The Federal
                                                                                                         U.S. Nonbank Subsidiaries of U.S.
                                                20503 or by fax to (202) 395–6974.                                                                             Reserve is proposing to revise the
                                                                                                         Holding Companies and the
                                                FOR FURTHER INFORMATION CONTACT: A                       Abbreviated Financial Statements of                   instructions for Schedule IS and related
                                                copy of the PRA OMB submission,                          U.S. Nonbank Subsidiaries of U.S.                     line item captions on the reporting form
                                                including the proposed reporting form                    Holding Companies.                                    to remove the term ‘‘extraordinary
                                                and instructions, supporting statement,                    Agency form number: FR Y–11 and                     items’’ and replace it with
                                                and other documentation will be placed                   FR Y–11S.                                             ‘‘discontinued operations’’ on the
                                                into OMB’s public docket files, once                       OMB control number: 7100–0244.                      Financial Statements of U.S. Nonbank
                                                approved. These documents will also be                     Frequency: Quarterly and annually.                  Subsidiaries of U.S. Holding Companies
                                                made available on the Federal Reserve                      Reporters: Holding companies.                       (FR Y–11), effective for reports
                                                Board’s public Web site at: http://                        Estimated annual reporting hours: FR                submitted on or after October 1, 2017,
                                                www.federalreserve.gov/apps/                             Y–11 (quarterly): 17,244; FR Y–11                     beginning with the reports reflecting the
                                                reportforms/review.aspx or may be                        (annual): 1,564; FR Y–11S: 299.                       September 30, 2017 report date. This
                                                requested from the agency clearance                        Estimated average hours per response:               reflects ASU No. 2015–01, ‘‘Simplifying
                                                                                                                                                               Income Statement Presentation by
sradovich on DSK3GMQ082PROD with NOTICES




                                                officer, whose name appears below.                       FR Y–11 (quarterly): 6.8; FR Y–11
                                                  Federal Reserve Board Clearance                        (annual): 6.8; FR Y–11S: 1.                           Eliminating the Concept of
                                                Officer—Nuha Elmaghrabi—Office of                          Number of respondents: FR Y–11                      Extraordinary Items,’’ issued by the
                                                the Chief Data Officer, Board of                         (quarterly): 634; FR Y–11 (annual): 230;              Financial Accounting Standards Board
                                                Governors of the Federal Reserve                         FR Y–11S: 299.                                        in 2015. Additionally, the Federal
                                                System, Washington, DC 20551 (202)                         General Description of Report: The FR               Reserve proposes to replace report form
                                                452–3829. Telecommunications Device                      Y–11 reporting forms collect financial                captions and instructions referencing
                                                for the Deaf (TDD) users may contact                     information for individual non-                       ‘‘Loans net of unearned income’’ with


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                                                32816                           Federal Register / Vol. 82, No. 136 / Tuesday, July 18, 2017 / Notices

                                                ‘‘Loans held for investment’’ where                      U.S.C. 1850a). Collection of information              also will be available for inspection at
                                                applicable.                                              from non-functionally regulated direct                the offices of the Board of Governors.
                                                   2. Report title: Financial Statements of              or indirect foreign subsidiaries of U.S.              Interested persons may express their
                                                Foreign Subsidiaries of U.S. Banking                     state member banks, Edge and                          views in writing to the Reserve Bank
                                                Organizations and the Abbreviated                        agreement corporations filing the FR                  indicated for that notice or to the offices
                                                Financial Statements of Foreign                          2314 series of reports is authorized                  of the Board of Governors. Comments
                                                Subsidiaries of U.S. Banking                             under sections 9(6), 25(7) and 25A(17)                must be received not later than August
                                                Organizations.                                           of the Federal Reserve Act, (12 U.S.C.                1, 2017.
                                                   Agency form number: FR 2314 and FR                    324, 602, and 625), respectively.                        A. Federal Reserve Bank of Chicago
                                                2314S.                                                   Overall, the Federal Reserve does not                 (Colette A. Fried, Assistant Vice
                                                   OMB control number: 7100–0073.                        consider these data to be confidential.               President) 230 South LaSalle Street,
                                                   Frequency: Quarterly and annually.                    However, a respondent may request                     Chicago, Illinois 60690–1414:
                                                   Reporters: U.S. state member banks,                   confidential treatment pursuant to                       1. Dean Calhoun and Sandy K.
                                                holding companies, and Edge or                           sections (b)(4), (b)(6), and (b)(8) of the            Calhoun, both of Coldwater, Michigan
                                                agreement corporations.                                  Freedom of Information Act (5 U.S.C.                  together with Nicole L. Calhoun, as
                                                   Estimated annual reporting hours: FR                  552(b)(4), (b)(6), (b)(8)). The                       custodian for two minor grandchildren,
                                                2314 (quarterly): 13,807; FR 2314                        applicability of these exemptions would               Valparaiso, Indiana; as a group acting in
                                                (annual): 1,690; FR 2314S: 322.                          need to be determined on a case-by-case               concert, to retain voting shares of
                                                   Estimated average hours per response:                 basis.                                                Southern Michigan Bancorp, Inc., and
                                                FR 2314 (quarterly): 6.6; FR 2314                           Proposed revisions: The Federal                    thereby indirectly retain voting shares of
                                                (annual): 6.6; FR 2314S: 1.                              Reserve is proposing to revise the
                                                   Number of respondents: FR 2314                                                                              Southern Michigan Bank & Trust, both
                                                                                                         instructions for Schedule IS and related              of Coldwater, Michigan.
                                                (quarterly): 523; FR 2314 (annual): 256;                 line item captions on the reporting form
                                                FR 2314S: 322.                                                                                                   Board of Governors of the Federal Reserve
                                                                                                         to remove the term ‘‘extraordinary                    System, July 13, 2017.
                                                   General Description of Report: The FR                 items’’ and replace it with
                                                2314 reporting forms collect financial                   ‘‘discontinued operations’’ on the                    Yao-Chin Chao,
                                                information for non-functionally                         Financial Statements of Foreign                       Assistant Secretary of the Board.
                                                regulated direct or indirect foreign                     Subsidiaries of U.S. Banking                          [FR Doc. 2017–15042 Filed 7–17–17; 8:45 am]
                                                subsidiaries of U.S. state member banks                  Organizations (FR 2314), effective for                BILLING CODE 6210–01–P
                                                (SMBs), Edge and agreement                               reports submitted on or after October 1,
                                                corporations, and holding companies                      2017, beginning with the reports
                                                (i.e., bank holding companies, savings                   reflecting the September 30, 2017 report              FEDERAL TRADE COMMISSION
                                                and loan holding companies, securities                   date. This reflects ASU No. 2015–01,
                                                holding companies, and intermediate                      ‘‘Simplifying Income Statement                        Agency Information Collection
                                                holding companies). Parent                               Presentation by Eliminating the Concept               Activities; Proposed Collection;
                                                organizations (SMBs, Edge and                            of Extraordinary Items,’’ issued by the               Comment Request
                                                agreement corporations, or holding                       Financial Accounting Standards Board
                                                companies) file the FR 2314 on a                                                                               AGENCY: Federal Trade Commission
                                                                                                         in 2015. Additionally, the Federal                    (‘‘Commission’’ or ‘‘FTC’’).
                                                quarterly or annual basis, or the FR                     Reserve proposes to replace report form
                                                2314S on an annual basis,                                                                                      ACTION: Notice.
                                                                                                         captions and instructions referencing
                                                predominantly based on whether the                       ‘‘Loans net of unearned income’’ with
                                                organization meets certain asset size                                                                          SUMMARY:   The FTC proposes to conduct
                                                                                                         ‘‘Loans held for investment’’ where                   a study to examine consumer perception
                                                thresholds. The FR 2314 data are used                    applicable.
                                                to identify current and potential                                                                              of class action notices (‘‘Notice Study’’).
                                                problems at the foreign subsidiaries of                    Board of Governors of the Federal Reserve           This is the second of two notices
                                                U.S. parent companies, to monitor the                    System, July 12, 2017.                                required under the Paperwork
                                                activities of U.S. banking organizations                 Ann E. Misback,                                       Reduction Act (‘‘PRA’’) seeking public
                                                in specific countries, and to develop a                  Secretary of the Board.                               comments on proposed research before
                                                better understanding of activities within                [FR Doc. 2017–15044 Filed 7–17–17; 8:45 am]           requesting Office of Management and
                                                the industry, in general, and of                         BILLING CODE 6210–01–P
                                                                                                                                                               Budget (‘‘OMB’’) review and clearance
                                                individual institutions, in particular.                                                                        of the collection of information
                                                   Legal authorization and                                                                                     discussed herein.
                                                confidentiality: The Board’s Legal                       FEDERAL RESERVE SYSTEM                                DATES: Comments must be received on
                                                Division has determined that the FR                                                                            or before August 17, 2017.
                                                2314 series of reports is mandatory and                  Change in Bank Control Notices;                       ADDRESSES: Interested parties may file a
                                                the collection of these reports from bank                Acquisitions of Shares of a Bank or                   comment online or on paper, by
                                                holding companies, savings and loan                      Bank Holding Company                                  following the instructions in the
                                                holding companies, securities holding                      The notificants listed below have                   Request for Comment part of the
                                                companies, and intermediate holding                      applied under the Change in Bank                      SUPPLEMENTARY INFORMATION section
                                                companies (IHCs) is authorized under:                    Control Act (12 U.S.C. 1817(j)) and                   below. Write ‘‘Class Action Notice
                                                Section 5(c) of the Bank Holding                         § 225.41 of the Board’s Regulation Y (12              Consumer Perception Study, Project No.
                                                Company Act (BHC Act) (12 U.S.C.                                                                               P024210’’ on your comment, and file
sradovich on DSK3GMQ082PROD with NOTICES




                                                                                                         CFR 225.41) to acquire shares of a bank
                                                1844(c)); section 10(b) of the                           or bank holding company. The factors                  your comment online at https://
                                                Homeowners’ Loan Act, (12 U.S.C.                         that are considered in acting on the                  ftcpublic.commentworks.com/ftc/
                                                1467a(b)(2)); section 165 of the Dodd-                   notices are set forth in paragraph 7 of               classactionnoticepra2, by following the
                                                Frank Act, (12 U.S.C. 5365)(IHCs only);                  the Act (12 U.S.C. 1817(j)(7)).                       instructions on the web-based form. If
                                                sections 8 and 13 of the International                     The notices are available for                       you prefer to file your comment on
                                                Banking Act (12 U.S.C. 3106, 3108); and                  immediate inspection at the Federal                   paper, write ‘‘Class Action Notice
                                                section 618 of the Dodd-Frank Act, (12                   Reserve Bank indicated. The notices                   Consumer Perception Study, Project No.


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Document Created: 2018-10-24 11:26:45
Document Modified: 2018-10-24 11:26:45
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
ActionNotice, request for comment.
DatesComments must be submitted on or before September 18, 2017.
ContactA copy of the PRA OMB submission, including the proposed reporting form and instructions, supporting statement, and other documentation will be placed into OMB's public docket files, once approved. These documents will also be made available on the Federal Reserve Board's public Web site at: http:// www.federalreserve.gov/apps/reportforms/review.aspx or may be requested from the agency clearance officer, whose name appears below.
FR Citation82 FR 32814 

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