83 FR 11519 - Proposed Agency Information Collection Activities; Comment Request
FEDERAL RESERVE SYSTEM Federal Register Volume 83, Issue 51 (March 15, 2018)
Federal Register Volume 83, Issue 51 (March 15, 2018)
| Page Range | 11519-11520 | |
| FR Document | 2018-05254 |
[Federal Register Volume 83, Number 51 (Thursday, March 15, 2018)] [Notices] [Pages 11519-11520] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-05254] ======================================================================= ----------------------------------------------------------------------- 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) invites comment on a proposal to extend for three years, with revision, the Holding Company Report of Insured Depository Institutions' Section 23A Transactions with Affiliates (FR Y-8; OMB No. 7100-0126). DATES: Comments must be submitted on or before May 14, 2018. ADDRESSES: You may submit comments, identified by FR Y-8, by any of the following methods:Agency website: 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 website 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, if approved. These documents will also be made available on the Federal Reserve Board's public website 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 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. 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 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. Proposal to approve under OMB delegated authority the extension for three years, with revision, of the following report: Report title: Holding Company Report of Insured Depository Institutions' Section 23A Transactions with Affiliates. Agency form number: FR Y-8. OMB control number: 7100-0126. Frequency: Quarterly. Respondents: Certain bank holding companies (BHCs) and savings and loan holding companies (SLHCs). Estimated number of respondents: 933. Estimated average hours per response: 7.8 hours. Estimated annual burden hours: 29,110. [[Page 11520]] General description of report: The FR Y-8 collects information on covered transactions between an insured depository institution and its affiliates that are subject to the quantitative limits and requirements of section 23A of the Federal Reserve Act and the Board's Regulation W (12 CFR Pt. 223). The FR Y-8 is filed quarterly by all U.S. top-tier BHCs and SLHCs, and by foreign banking organizations (FBOs) that directly own or control a U.S. subsidiary insured depository institution. If an FBO indirectly controls a U.S. insured depository institution through a U.S. holding company, the U.S. holding company must file the FR Y-8. A respondent must file a separate report for each U.S. insured depository institution it controls. The primary purpose of the data is to enhance the Board's ability to monitor the credit exposure of insured depository institutions to their affiliates and to ensure that insured depository institutions are in compliance with section 23A of the Federal Reserve Act and Regulation W. Section 23A of the Federal Reserve Act limits an insured depository institution's exposure to affiliated entities and helps to protect against the expansion of the federal safety net to uninsured entities. Proposed revisions: In order to reduce reporting burden, the Board proposes to eliminate the FR Y-8 declaration page. Currently, respondents that own or control insured depository institutions may, instead of completing the entire form, submit a declaration page each quarter attesting to the fact that the institutions do not have any covered transactions with their affiliates. The Board proposes to revise the instructions to eliminate the declaration page and to clarify that respondents that own or control insured depository institutions that do not have any covered transactions with their affiliates would not have to file the FR Y-8. Legal authorization and confidentiality: The FR Y-8 is mandatory for respondents that control an insured depository institution that has engaged in covered transactions with an affiliate during the reporting period. Section 5(c) of the Bank Holding Company Act authorizes the Board to require BHCs to file the FR Y-8 reporting form with the Board. (12 U.S.C. 1844(c)). Section 10(b)(2) of the Home Owners' Loan Act authorizes the Board to require SLHCs to file the FR Y-8 reporting form with the Board. (12 U.S.C. 1467a(b)(2)). The release of data collected on this form includes financial information that is not normally disclosed by respondents, the release of which would likely cause substantial harm to the competitive position of the respondent if made publicly available. The data collected on this form, therefore, would be kept confidential under exemption 4 of the Freedom of Information Act, which protects from disclosure trade secrets and commercial or financial information. (5 U.S.C. 552(b)(4)). Board of Governors of the Federal Reserve System, March 12, 2018. Ann E. Misback, Secretary of the Board. [FR Doc. 2018-05254 Filed 3-14-18; 8:45 am] BILLING CODE 6210-01-P
![Federal Register / Vol. 83, No. 51 / Thursday, March 15, 2018 / Notices 11519
Section 74.602(h)(5)(ii) requires 600 ADDRESSES: You may submit comments, Budget (OMB) delegated to the Board
MHz licensees to notify the licensee of identified by FR Y–8, by any of the authority under the Paperwork
a studio-transmitter link (TV STL), TV following methods: Reduction Act (PRA) to approve and
relay station, or TV translator relay • Agency website: http:// assign OMB control numbers to
station of their intent to commence www.federalreserve.gov. Follow the collection of information requests and
wireless operations and the likelihood instructions for submitting comments at requirements conducted or sponsored
of harmful interference from the TV http://www.federalreserve.gov/apps/ by the Board. In exercising this
STL, TV relay station, or TV translator foia/proposedregs.aspx . delegated authority, the Board is
relay station to those operations within • Federal eRulemaking Portal: http:// directed to take every reasonable step to
the wireless licensee’s licensed www.regulations.gov. Follow the solicit comment. In determining
geographic service area. The notification instructions for submitting comments. whether to approve a collection of
is to be in the form of a letter, via • Email: regs.comments@ information, the Board will consider all
certified mail, return receipt requested federalreserve.gov. Include OMB comments received from the public and
and must be sent not less than 30 days number in the subject line of the other agencies.
in advance of approximate date of message. Request for comment on information
commencement of operations. • FAX: (202) 452–3819 or (202) 452– collection proposal:
Section 74.602(h)(5)(iii) requires all 3102. The Board invites public comment on
TV STL, TV relay station and TV • Mail: Ann E. Misback, Secretary, the following information collection,
translator relay station licensees to Board of Governors of the Federal which is being reviewed under
modify or cancel their authorizations Reserve System, 20th Street and authority delegated by the OMB under
and vacate the 600 MHz band no later Constitution Avenue NW, Washington, the PRA. Comments are invited on the
than the end of the post-auction DC 20551. following:
transition period as defined in 47 CFR All public comments are available a. Whether the proposed collection of
27.4. from the Board’s website at http:// information is necessary for the proper
www.federalreserve.gov/apps/foia/ performance of the Federal Reserve’s
These rules which contain
proposedregs.aspx as submitted, unless functions; including whether the
information collection requirements are
modified for technical reasons. information has practical utility;
designed to provide for flexible use of b. The accuracy of the Federal
Accordingly, your comments will not be
this spectrum by allowing licensees to Reserve’s estimate of the burden of the
edited to remove any identifying or
choose their type of service offerings, to proposed information collection,
contact information. Public comments
encourage innovation and investment in including the validity of the
may also be viewed electronically or in
mobile broadband use in this spectrum, methodology and assumptions used;
paper form in Room 3515, 1801 K Street
and to provide a stable regulatory c. Ways to enhance the quality,
(between 18th and 19th Streets NW)
environment in which broadband utility, and clarity of the information to
Washington, DC 20006 between 9:00
deployment would be able to develop be collected;
a.m. and 5:00 p.m. on weekdays.
through the application of standard d. Ways to minimize the burden of
Additionally, commenters may send a
terrestrial wireless rules. Without this information collection on respondents,
copy of their comments to the OMB
information, the Commission would not including through the use of automated
Desk Officer—Shagufta Ahmed—Office
be able to carry out its statutory collection techniques or other forms of
of Information and Regulatory Affairs,
responsibilities. information technology; and
Office of Management and Budget, New
Federal Communications Commission. Executive Office Building, Room 10235, e. Estimates of capital or startup costs
Marlene H. Dortch, 725 17th Street NW, Washington, DC and costs of operation, maintenance,
Secretary, Office of the Secretary. 20503 or by fax to (202) 395–6974. and purchase of services to provide
information.
[FR Doc. 2018–05203 Filed 3–14–18; 8:45 am] FOR FURTHER INFORMATION CONTACT: A
BILLING CODE 6712–01–P copy of the PRA OMB submission, At the end of the comment period, the
including the proposed reporting form comments and recommendations
and instructions, supporting statement, received will be analyzed to determine
and other documentation will be placed the extent to which the Federal Reserve
FEDERAL RESERVE SYSTEM into OMB’s public docket files, if should modify the proposal.
approved. These documents will also be Proposal to approve under OMB
Proposed Agency Information made available on the Federal Reserve delegated authority the extension for
Collection Activities; Comment Board’s public website at: http:// three years, with revision, of the
Request www.federalreserve.gov/apps/ following report:
reportforms/review.aspx or may be Report title: Holding Company Report
AGENCY: Board of Governors of the of Insured Depository Institutions’
requested from the agency clearance
Federal Reserve System. Section 23A Transactions with
officer, whose name appears below.
ACTION: Notice, request for comment. Federal Reserve Board Clearance Affiliates.
Agency form number: FR Y–8.
Officer—Nuha Elmaghrabi—Office of
SUMMARY: The Board of Governors of the OMB control number: 7100–0126.
the Chief Data Officer, Board of Frequency: Quarterly.
Federal Reserve System (Board) invites Governors of the Federal Reserve Respondents: Certain bank holding
comment on a proposal to extend for System, Washington, DC 20551, (202)
sradovich on DSK3GMQ082PROD with NOTICES
companies (BHCs) and savings and loan
three years, with revision, the Holding 452–3829. Telecommunications Device holding companies (SLHCs).
Company Report of Insured Depository for the Deaf (TDD) users may contact Estimated number of respondents:
Institutions’ Section 23A Transactions (202) 263–4869, Board of Governors of 933.
with Affiliates (FR Y–8; OMB No. 7100– the Federal Reserve System, Estimated average hours per response:
0126). Washington, DC 20551. 7.8 hours.
DATES: Comments must be submitted on SUPPLEMENTARY INFORMATION: On June Estimated annual burden hours:
or before May 14, 2018. 15, 1984, the Office of Management and 29,110.
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![11520 Federal Register / Vol. 83, No. 51 / Thursday, March 15, 2018 / Notices
General description of report: The FR harm to the competitive position of the Desk Officer—Shagufta Ahmed—Office
Y–8 collects information on covered respondent if made publicly available. of Information and Regulatory Affairs,
transactions between an insured The data collected on this form, Office of Management and Budget, New
depository institution and its affiliates therefore, would be kept confidential Executive Office Building, Room 10235,
that are subject to the quantitative limits under exemption 4 of the Freedom of 725 17th Street NW, Washington, DC
and requirements of section 23A of the Information Act, which protects from 20503 or by fax to (202) 395–6974.
Federal Reserve Act and the Board’s disclosure trade secrets and commercial FOR FURTHER INFORMATION CONTACT: A
Regulation W (12 CFR Pt. 223). The FR or financial information. (5 U.S.C. copy of the PRA OMB submission,
Y–8 is filed quarterly by all U.S. top-tier 552(b)(4)). including the proposed reporting form
BHCs and SLHCs, and by foreign Board of Governors of the Federal Reserve and instructions, supporting statement,
banking organizations (FBOs) that System, March 12, 2018. and other documentation will be placed
directly own or control a U.S. subsidiary Ann E. Misback, into OMB’s public docket files, once
insured depository institution. If an approved. These documents will also be
Secretary of the Board.
FBO indirectly controls a U.S. insured made available on the Federal Reserve
[FR Doc. 2018–05254 Filed 3–14–18; 8:45 am]
depository institution through a U.S. Board’s public website at: http://
BILLING CODE 6210–01–P
holding company, the U.S. holding www.federalreserve.gov/apps/
company must file the FR Y–8. A reportforms/review.aspx or may be
respondent must file a separate report requested from the agency clearance
FEDERAL RESERVE SYSTEM
for each U.S. insured depository officer, whose name appears below.
institution it controls. The primary Proposed Agency Information Federal Reserve Board Clearance
purpose of the data is to enhance the Collection Activities; Comment Officer—Nuha Elmaghrabi—Office of
Board’s ability to monitor the credit Request the Chief Data Officer, Board of
exposure of insured depository Governors of the Federal Reserve
institutions to their affiliates and to AGENCY: Board of Governors of the System, Washington, DC 20551 (202)
ensure that insured depository Federal Reserve System. 452–3829. Telecommunications Device
institutions are in compliance with ACTION: Notice, request for comment. for the Deaf (TDD) users may contact
section 23A of the Federal Reserve Act (202) 263–4869, Board of Governors of
and Regulation W. Section 23A of the SUMMARY: The Board of Governors of the the Federal Reserve System,
Federal Reserve Act limits an insured Federal Reserve System (Board) invites Washington, DC 20551.
depository institution’s exposure to comment on a proposal to extend for
SUPPLEMENTARY INFORMATION: On June
affiliated entities and helps to protect three years, without revision, the Survey
15, 1984, the Office of Management and
against the expansion of the federal of Consumer Finances (FR 3059; OMB Budget (OMB) delegated to the Board
safety net to uninsured entities. 7100–0287). authority under the Paperwork
Proposed revisions: In order to reduce DATES: Comments must be submitted on Reduction Act (PRA) to approve of and
reporting burden, the Board proposes to or before May 14, 2018. assign OMB control numbers to
eliminate the FR Y–8 declaration page. ADDRESSES: You may submit comments, collection of information requests and
Currently, respondents that own or identified by FR 3059, by any of the requirements conducted or sponsored
control insured depository institutions following methods: by the Board. In exercising this
may, instead of completing the entire • Agency Website: http:// delegated authority, the Board is
form, submit a declaration page each www.federalreserve.gov. Follow the directed to take every reasonable step to
quarter attesting to the fact that the instructions for submitting comments at solicit comment. In determining
institutions do not have any covered http://www.federalreserve.gov/apps/ whether to approve a collection of
transactions with their affiliates. The foia/proposedregs.aspx. information, the Board will consider all
Board proposes to revise the • Email: regs.comments@ comments received from the public and
instructions to eliminate the declaration federalreserve.gov. Include OMB other agencies.
page and to clarify that respondents that number in the subject line of the
own or control insured depository message. Request for Comment on Information
institutions that do not have any • FAX: (202) 452–3819 or (202) 452– Collection Proposal
covered transactions with their affiliates 3102. The Board invites public comment on
would not have to file the FR Y–8. • Mail: Ann E. Misback, Secretary, the following information collection,
Legal authorization and Board of Governors of the Federal which is being reviewed under
confidentiality: The FR Y–8 is Reserve System, 20th Street and authority delegated by the OMB under
mandatory for respondents that control Constitution Avenue NW, Washington, the PRA. Comments are invited on the
an insured depository institution that DC 20551. following:
has engaged in covered transactions All public comments are available a. Whether the proposed collection of
with an affiliate during the reporting from the Board’s website at http:// information is necessary for the proper
period. Section 5(c) of the Bank Holding www.federalreserve.gov/apps/foia/ performance of the Federal Reserve’s
Company Act authorizes the Board to proposedregs.aspx as submitted, unless functions; including whether the
require BHCs to file the FR Y–8 modified for technical reasons. information has practical utility;
reporting form with the Board. (12 Accordingly, your comments will not be b. The accuracy of the Federal
U.S.C. 1844(c)). Section 10(b)(2) of the edited to remove any identifying or Reserve’s estimate of the burden of the
sradovich on DSK3GMQ082PROD with NOTICES
Home Owners’ Loan Act authorizes the contact information. Public comments proposed information collection,
Board to require SLHCs to file the FR Y– may also be viewed electronically or in including the validity of the
8 reporting form with the Board. (12 paper form in Room 3515, 1801 K Street methodology and assumptions used;
U.S.C. 1467a(b)(2)). The release of data (between 18th and 19th Streets NW) c. Ways to enhance the quality,
collected on this form includes financial Washington, DC 20006 between 9:00 utility, and clarity of the information to
information that is not normally a.m. and 5:00 p.m. on weekdays. be collected;
disclosed by respondents, the release of Additionally, commenters may send a d. Ways to minimize the burden of
which would likely cause substantial copy of their comments to the OMB information collection on respondents,
VerDate Sep<11>2014 17:34 Mar 14, 2018 Jkt 244001 PO 00000 Frm 00033 Fmt 4703 Sfmt 4703 E:\FR\FM\15MRN1.SGM 15MRN1](https://thefederalregister.org/doc/83_FR_11570/page/2.svg)
Document Created: 2018-03-15 02:38:07
Document Modified: 2018-03-15 02:38:07
| 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 May 14, 2018. | |
| 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, if approved. These documents will also be made available on the Federal Reserve Board's public website at: http:// www.federalreserve.gov/apps/reportforms/review.aspx or may be requested from the agency clearance officer, whose name appears below. | |
| FR Citation | 83 FR 11519 |
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