82 FR 40154 - Proposed Agency Information Collection Activities; Comment Request

FEDERAL RESERVE SYSTEM

Federal Register Volume 82, Issue 163 (August 24, 2017)

Page Range		40154-40155
FR Document		2017-17939

The Board of Governors of the Federal Reserve System (Board) invites comment on a proposal to extend, with revision, the mandatory Banking Organization Systemic Risk Report (FR Y-15; OMB No. 7100-0352). On June 15, 1984, the Office of Management and Budget (OMB) delegated to the Board authority under the Paperwork Reduction Act (PRA) to approve 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 163 (Thursday, August 24, 2017)

[Federal Register Volume 82, Number 163 (Thursday, August 24, 2017)]
[Notices]
[Pages 40154-40155]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-17939]


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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.

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SUMMARY: The Board of Governors of the Federal Reserve System (Board) 
invites comment on a proposal to extend, with revision, the mandatory 
Banking Organization Systemic Risk Report (FR Y-15; OMB No. 7100-0352).
    On June 15, 1984, the Office of Management and Budget (OMB) 
delegated to the Board authority under the Paperwork Reduction Act 
(PRA) to approve 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.

DATES: Comments must be submitted on or before October 23, 2017.

ADDRESSES: You may submit comments, identified by FR Y-15 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 the following:
    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 proposal prior to giving final approval.

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

    Report Title: The Banking Organization Systemic Risk Report.
    Agency Form Number: FR Y-15.
    OMB Control Number: 7100-0352.
    Frequency: Quarterly.
    Respondents: U.S. bank holding companies (BHCs), covered savings 
and loan holding companies (SLHCs), and U.S. intermediate holding 
companies (IHCs) of foreign banking organizations with $50 billion or 
more of total consolidated assets, and any BHC designated as a global 
systemically important bank holding company (G-SIB) that does not 
otherwise meet the consolidated assets threshold for BHCs.
    Estimated Number of Respondents: 40.
    Estimated Average Hours per Response: 401 hours.
    Estimated Annual Burden Hours: 64,160 hours.
    General Description of Report: The FR Y-15 quarterly report 
collects systemic risk data from U.S. BHCs, covered SLHCs,\1\ and U.S. 
IHCs with total consolidated assets of $50 billion or

[[Page 40155]]

more, and any BHC identified as a G-SIB based on its method 1 score 
calculated as of December 31 of the previous calendar year \2\ that 
does not otherwise meet the consolidated assets threshold for BHCs. The 
Board uses the FR Y-15 data to monitor, on an ongoing basis, the 
systemic risk profile of institutions which are subject to enhanced 
prudential standards under section 165 of the Dodd-Frank Wall Street 
Reform and Consumer Protection Act (Dodd-Frank Act).\3\ In addition, 
the FR Y-15 is used to (i) facilitate the implementation of the 
surcharge for G-SIBs, (ii) identify other institutions which may 
present significant systemic risk, and (iii) analyze the systemic risk 
implications of proposed mergers and acquisitions.
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    \1\ Covered SLHCs are those which are not substantially engaged 
in insurance or commercial activities. See 12 CFR 217.2, ``covered 
savings and loan holding company.''
    \2\ See 12 CFR 217.402.
    \3\ 12 U.S.C. 5365.
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    Proposed Revisions: The FR Y-15 would be revised by (1) including 
Mexican pesos in total payments activity on Schedule C and removing it 
from the Memorandum items; (2) adding securities brokers to the 
definition of financial institutions in the instructions for Schedule 
B; (3) expressly including all cleared derivative transactions in 
Schedule D, item 1; (4) specifying how certain cleared derivatives 
transactions are reported in Schedule B, items 5(a) and 11(a); and (5) 
making minor clarifications to the form and instructions. The proposed 
changes would be effective for reports submitted on or after January 1, 
2018, beginning with reports reflecting the December 31, 2017, report 
date.
    Legal Authorization and Confidentiality: The Board has determined 
that the FR Y-15 is authorized by the Dodd-Frank Act (sections 163, 
165, and 604), the International Banking Act, the Bank Holding Company 
Act, and the Home Owners' Loan Act (12 U.S.C. 1467a, 1844, 3106, and 
3108). The obligation to respond to the FR Y-15 is mandatory.
    Most of the data collected on the FR Y-15 is made public unless a 
specific request for confidentiality is submitted by the reporting 
entity, either on the FR Y-15 or on the form from which the data item 
is obtained.\4\ Such information will be accorded confidential 
treatment under exemption 4 of the Freedom of Information Act (FOIA), 
(5 U.S.C. 552(b)(4)), if the submitter substantiates its assertion that 
disclosure would likely cause substantial competitive harm. To the 
extent confidential data collected under the FR Y-15 will be used for 
supervisory purposes, it may be exempt from disclosure under Exemption 
8 of FOIA, (5 U.S.C. 552(b)(8)).
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    \4\ A number of the items in the FR Y-15 are retrieved from the 
FR Y-9C and certain items may be retrieved from the FFIEC-101 and 
FFIEC 009. Confidential treatment will also extend to any 
automatically-calculated items on the FR Y-15 that have been derived 
from confidential data items and that, if released, would reveal the 
underlying confidential data.
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    Consultation Outside the Agency: The FR Y-15 was derived from data 
collections developed by the Basel Committee on Banking Supervision 
(BCBS) to assess the global systemic importance of banks. The BCBS 
revised its data collations in January 2017 after consultation with 
representatives from numerous national supervisory authorities, 
including the Board.\5\ Many of the proposed revisions to the FR Y-15 
would correspond to changes made to the BCBS data collection.
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    \5\ See Instructions for the end-2016 G-SIB assessment exercise, 
January 2017, available at www.bis.org/bcbs/gsib/instr_end16_gsib.pdf.

    Board of Governors of the Federal Reserve System, August 21, 
2017.
Ann E. Misback,
Secretary of the Board.
[FR Doc. 2017-17939 Filed 8-23-17; 8:45 am]
 BILLING CODE 6210-01-P

40154 Federal Register / Vol. 82, No. 163 / Thursday, August 24, 2017 / Notices

Dunbar, all of Jackson, Mississippi; Wirt instructions for submitting comments at authority delegated by the OMB under
Adams Yerger, III and Linda Biggers http://www.federalreserve.gov/apps/ the PRA. Comments are invited on all
Yerger, both of Inlet Beach, Florida; foia/proposedregs.aspx. aspects of the proposal, including the
John Taylor Yerger, Dallas, Texas; • Federal eRulemaking Portal: http:// following:
Richard Montague Yerger, Birmingham, www.regulations.gov. Follow the a. Whether the proposed collection of
Alabama; James David Yerger, Raleigh, instructions for submitting comments. information is necessary for the proper
North Carolina; Thomas Yerger Dunbar • Email: regs.comments@ performance of the Federal Reserve’s
and Wirt Yerger Dunbar, both of Austin, federalreserve.gov. Include OMB functions; including whether the
Texas; Frank Montague Yerger; Frank number in the subject line of the information has practical utility;
Montague Yerger, trustee for Frank message. b. The accuracy of the Federal
Montague Yerger Revocable Trust; Jane • FAX: (202) 452–3819 or (202) 452– Reserve’s estimate of the burden of the
P. Yerger; Jane P. Yerger, trustee for 3102. proposed information collection,
Frank Montague Yerger, Jr., Trust 2; • Mail: Ann E. Misback, Secretary, including the validity of the
Jane P. Yerger, trustee for Sara Jane Board of Governors of the Federal methodology and assumptions used;
Rivers Yerger Trust; and Jane P. Yerger, Reserve System, 20th Street and c. Ways to enhance the quality,
trustee for Harlan Prater Yerger Trust, Constitution Avenue NW., Washington, utility, and clarity of the information to
all of Oxford, Mississippi; to collectively DC 20551. be collected;
retain voting shares of PriorityOne All public comments are available d. Ways to minimize the burden of
Capital Corporation, and thereby from the Board’s Web site at http:// information collection on respondents,
indirectly retain voting shares in www.federalreserve.gov/apps/foia/ including through the use of automated
PriorityOne Bank, both in Magee, proposedregs.aspx as submitted, unless collection techniques or other forms of
Mississippi. modified for technical reasons. information technology; and
Board of Governors of the Federal Reserve Accordingly, your comments will not be e. Estimates of capital or startup costs
System. edited to remove any identifying or and costs of operation, maintenance,
August 18, 2017. contact information. Public comments and purchase of services to provide
Yao-Chin Chao, Assistant Secretary of the may also be viewed electronically or in information.
Board. paper form in Room 3515, 1801 K Street At the end of the comment period, the
[FR Doc. 2017–17893 Filed 8–23–17; 8:45 am] (between 18th and 19th Streets NW) comments and recommendations
BILLING CODE P
Washington, DC 20006 between 9:00 received will be analyzed to determine
a.m. and 5:00 p.m. on weekdays. the extent to which the Federal Reserve
Additionally, commenters may send a should modify the proposal prior to
FEDERAL RESERVE SYSTEM copy of their comments to the OMB giving final approval.
Desk Officer—Shagufta Ahmed—Office
Proposed Agency Information of Information and Regulatory Affairs, Proposal To Approve Under OMB
Collection Activities; Comment Office of Management and Budget, New Delegated Authority the Extension for
Request Executive Office Building, Room 10235, Three Years, With Revision, of the
725 17th Street NW., Washington, DC Following Report
AGENCY: Board of Governors of the
20503 or by fax to (202) 395–6974. Report Title: The Banking
Federal Reserve System.
FOR FURTHER INFORMATION CONTACT: A Organization Systemic Risk Report.
ACTION: Notice, request for comment.
copy of the PRA OMB submission, Agency Form Number: FR Y–15.
SUMMARY: The Board of Governors of the including the proposed reporting form OMB Control Number: 7100–0352.
Federal Reserve System (Board) invites and instructions, supporting statement, Frequency: Quarterly.
comment on a proposal to extend, with and other documentation will be placed Respondents: U.S. bank holding
revision, the mandatory Banking into OMB’s public docket files, once companies (BHCs), covered savings and
Organization Systemic Risk Report (FR approved. These documents will also be loan holding companies (SLHCs), and
Y–15; OMB No. 7100–0352). made available on the Federal Reserve U.S. intermediate holding companies
On June 15, 1984, the Office of Board’s public Web site at: http:// (IHCs) of foreign banking organizations
Management and Budget (OMB) www.federalreserve.gov/apps/ with $50 billion or more of total
delegated to the Board authority under reportforms/review.aspx or may be consolidated assets, and any BHC
the Paperwork Reduction Act (PRA) to requested from the agency clearance designated as a global systemically
approve and assign OMB control officer, whose name appears below. important bank holding company (G–
numbers to collection of information Federal Reserve Board Clearance SIB) that does not otherwise meet the
requests and requirements conducted or Officer—Nuha Elmaghrabi—Office of consolidated assets threshold for BHCs.
sponsored by the Board. In exercising the Chief Data Officer, Board of Estimated Number of Respondents:
this delegated authority, the Board is Governors of the Federal Reserve 40.
directed to take every reasonable step to System, Washington, DC 20551, (202) Estimated Average Hours per
solicit comment. In determining 452–3829. Telecommunications Device Response: 401 hours.
whether to approve a collection of for the Deaf (TDD) users may contact Estimated Annual Burden Hours:
information, the Board will consider all (202) 263–4869, Board of Governors of 64,160 hours.
comments received from the public and the Federal Reserve System, General Description of Report: The FR
other agencies. Washington, DC 20551. Y–15 quarterly report collects systemic
rmajette on DSKBCKNHB2PROD with NOTICES

DATES: Comments must be submitted on SUPPLEMENTARY INFORMATION:
risk data from U.S. BHCs, covered
or before October 23, 2017. SLHCs,1 and U.S. IHCs with total
Request for Comment on Information consolidated assets of $50 billion or
ADDRESSES: You may submit comments,
Collection Proposal
identified by FR Y–15 by any of the 1 Covered SLHCs are those which are not
following methods: The Board invites public comment on substantially engaged in insurance or commercial
• Agency Web site: http:// the following information collection, activities. See 12 CFR 217.2, ‘‘covered savings and
www.federalreserve.gov. Follow the which is being reviewed under loan holding company.’’

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Document Created: 2018-10-24 12:36:09
Document Modified: 2018-10-24 12:36:09

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		Notice, request for comment.
Dates		Comments must be submitted on or before October 23, 2017.
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.
FR Citation		82 FR 40154