82 FR 49608 - Proposed Agency Information Collection Activities; Comment Request

FEDERAL RESERVE SYSTEM

Federal Register Volume 82, Issue 206 (October 26, 2017)

The Board of Governors of the Federal Reserve System (Board or Federal Reserve) is modifying its proposal to extend for three years, with revision, the Banking Organization Systemic Risk Report (FR Y-15; OMB No. 7100-0352). The Board is extending the proposed implementation date for the proposed revisions to the FR Y-15 from December 31, 2017, to March 31, 2018. The Board is also reopening the public comment period for the proposal by 30 days, so that the comment period ends on November 23, 2017.

[Federal Register Volume 82, Number 206 (Thursday, October 26, 2017)]
[Notices]
[Pages 49608-49609]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-23271]


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FEDERAL RESERVE SYSTEM


Proposed Agency Information Collection Activities; Comment 
Request

AGENCY: Board of Governors of the Federal Reserve System.

ACTION: Revision to proposal.

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SUMMARY: The Board of Governors of the Federal Reserve System (Board or 
Federal Reserve) is modifying its proposal to extend for three years, 
with revision, the Banking Organization Systemic Risk Report (FR Y-15; 
OMB No. 7100-0352). The Board is extending the proposed implementation 
date for the proposed revisions to the FR Y-15 from December 31, 2017, 
to March 31, 2018. The Board is also reopening the

[[Page 49609]]

public comment period for the proposal by 30 days, so that the comment 
period ends on November 23, 2017.

DATES: The proposed collection of information is amended effective 
October 18, 2017 and the public comment period shall terminate on 
November 23, 2017.

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 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: On August 24, 2017, the Board invited public 
comment on a proposal that would extend for three years the FR Y-15 and 
make certain revisions to the report (FR Y-15 proposal). As revised, 
the report would include Mexican pesos in total payments activity 
rather than as a memorandum item; add securities brokers to the 
definition of financial institutions; expressly include derivative 
transactions where a clearing member bank guarantees the performance of 
a client to a central counterparty; and, specify how certain cleared 
derivatives transactions are reported.\1\ As initially proposed, these 
revisions to the FR Y-15 would have been effective for reports 
reflecting a December 31, 2017, as-of date. The comment period for the 
FR Y-15 proposal was previously scheduled to end on October 23, 2017.
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    \1\ See 82 FR 40154 (August 24, 2017).
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    The Board has received feedback that additional time may be 
required for affected banking organizations to analyze the impact of, 
and to provide comments on, the FR Y-15 changes being proposed.
    In response to the feedback, this notice hereby reopens the public 
comment period for the FR Y-15 proposal by 30 days, with comments due 
November 23, 2017, to provide additional time for comment.
    This notice also amends the proposed implementation date of the FR 
Y-15 proposal such that the proposed changes would be effective for 
reports reflecting the March 31, 2018, as-of date. This revision would 
provide respondents with an additional 90 days to prepare their systems 
to reflect any changes to the FR Y-15 that the Board may adopt after 
reviewing the comments received.

    Board of Governors of the Federal Reserve System, October 23, 
2017.
Ann E. Misback,
Secretary of the Board.
[FR Doc. 2017-23271 Filed 10-25-17; 8:45 am]
 BILLING CODE 6210-01-P