83 FR 18843 - Proposed Agency Information Collection Activities; Comment Request
FEDERAL RESERVE SYSTEM Federal Register Volume 83, Issue 83 (April 30, 2018)
Federal Register Volume 83, Issue 83 (April 30, 2018)
| Page Range | 18843-18846 | |
| FR Document | 2018-09000 |
[Federal Register Volume 83, Number 83 (Monday, April 30, 2018)] [Notices] [Pages 18843-18846] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2018-09000] ----------------------------------------------------------------------- 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 Financial Statements for Holding Companies (FR Y-9 family of reports) (OMB No. 7100-0128). DATES: Comments must be submitted on or before June 29, 2018. ADDRESSES: You may submit comments, identified by FR Y-9C, FR Y-9LP, FR Y-9SP, FR Y-9ES, or FR Y-9CS, 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. 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. For security reasons, the Board requires that visitors make an appointment to inspect comments. You may do so by calling (202) 452-3684. Upon arrival, visitors will be required to present valid government-issued photo identification and to submit to security screening in order to inspect and photocopy comments. 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 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. 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 reports: Report title: Financial Statements for Holding Companies. Agency form number: FR Y-9C, FR Y-9LP, FR Y-9SP, FR Y-9ES, and FR Y-9CS. OMB control number: 7100-0128. Frequency: Quarterly, semiannually, and annually. Reporters: Bank holding companies, savings and loan holding companies, securities holding companies, and U.S. Intermediate Holding Companies (collectively, holding companies (HCs)). Estimated average hours per response: FR Y-9C (non-advanced approaches holding companies): 46.29 hours; FR Y-9C (advanced approached holding companies HCs): 47.54 hours; FR Y-9LP: 5.27 hours; FR Y-9SP: 5.40 hours FR Y-9ES: 0.50 hours; FR Y-9CS: 0.50 hours. Estimated number of respondents: FR Y-9C (non-advanced approaches holding companies): 623; FR Y-9C (advanced approached holding companies): 18; FR Y-9LP: 761; FR Y-9SP: 3,613 FR Y-9ES: 84; FR Y-9CS: 236. Estimated annual burden hours: FR Y-9C (non-advanced approaches holding companies): 115,355 hours; FR Y-9C (advanced approached holding companies): 3,423 hours; FR Y-9LP: 16,042 hours; FR Y-9SP: 39,020; FR Y-9ES: 42 hours; FR Y-9CS: 472 hours. General description of report: The FR Y-9C serves as standardized financial statements for the consolidated holding company. The FR Y-9 family of reporting forms continues to be the primary source of financial data on HCs that examiners rely on between on-site inspections. Financial data from these reporting forms is used to detect emerging financial problems, review performance, conduct pre- inspection analysis, monitor and evaluate capital adequacy, evaluate HC mergers and [[Page 18844]] acquisitions, and analyze an HC's overall financial condition to ensure the safety and soundness of its operations. The Board requires HCs to provide standardized financial statements to fulfill the Board's statutory obligation to supervise these organizations. HCs file the FRY-9C on a quarterly basis, FR Y-9LP quarterly, and the FR Y-9SP semiannually, the FR Y-9ES annually, and the FR Y-9CS on a schedule that is determined when this supplement is used. Proposed revisions: The Board is proposing a number of revisions to the FR Y-9C requirements, most of which are consistent with proposed changes to the Federal Financial Institutions Examination Council (FFIEC) Consolidated Reports of Condition and Income (Call Reports) (FFIEC 031, FFIEC 041, and FFIEC 051; OMB No. 7100-0036). The proposed revisions to the FR Y- 9C include deleting certain data items, consolidating existing data items into new data items, and adding new or raising existing reporting thresholds for certain data items to reduce reporting burden. As discussed below, all of the proposed changes resulted from an extensive analysis of the uses of Call Report data which is generally aggregated on the FR Y-9C report, to include a series of nine surveys conducted over a 19-month period that began in mid-July 2015 and ended in mid- February 2017. Based on the results of the user surveys, the Board identified data items to be considered for removal and new or revised reporting thresholds to reduce burden. The Board believes that consistent changes should be made to the FR Y-9C to ensure burden reductions are fully realized. Additional detail on specific line items that will be revised are discussed below. The proposed revisions would be effective beginning with the reports reflecting the June 30, 2018, report date. The proposed changes include: Combining certain data items into new or existing data items pertaining to (1) Interest-only strips on Schedule HC-F--Other Assets; (2) Certain 1-4 family residential mortgage banking activities on Schedule HC-P; (3) Loans measured at fair value and the unpaid principal balances of such loans on HC-Q--Memoranda; (4) Certain types of credit exposures, ownership interests, credit exposures to securitization facilities sponsored by HCs, and transactions involving small business obligations on Schedule HC-S; and (5) Certain detail on Schedule HC-V--Variable Interest Entities (VIEs), on consolidated VIEs used as asset-backed commercial paper (ABCP) conduits and certain detail on other VIEs; Deleting certain data items on Schedules HC-N--Past Due and Nonaccrual Loans, Leases, and Other Assets; HC-P--1-4 Family Residential Mortgage Banking Activities in Domestic Offices; HC-Q-- Assets and Liabilities Measured at Fair Value on a Recurring Basis- Memoranda; and Schedule HC-S--Servicing, Securitization, and Asset Sale Activities; and Adding new and revising existing reporting thresholds for certain data items on Schedule HC-P, HC-Q, and HC-S. Detailed Discussion of Proposed Revisions Schedule HC-F--Other Assets The Board proposes to combine the reporting of interest-only strips receivable on Schedule HC-F, which are currently reported in data items 3(a) for those on mortgage loans and 3(b) for those on other financial assets, into a single new item 3, Interest-only strips receivable. Schedule HC-N--Past Due and Nonaccrual Loans, Leases, and Other Assets The Board proposes to delete Schedule HC-N, Memoranda, data items 5(b)(1) and 5(b)(2), columns A through C pertaining to past due and nonaccrual status of the fair value and unpaid principal balance of held-for-investment loans measured at fair value. Memorandum item 5(a), ``Loans and leases held for sale,'' would be renumbered as item 5 for columns A through C. Schedule HC-P--1-4 Family Residential Mortgage Banking Activities in Domestic Offices The Board proposes to modify the reporting criteria for Schedule HC-P by removing the current $1 billion asset-sized threshold and applying only the Schedule's existing activity-based threshold. As proposed, Schedule HC-P would be completed by HCs where any of the following residential mortgage banking activities (in domestic offices) exceeds $10 million for two consecutive quarters: Closed-end and open-end first lien and junior lien 1-4 family residential mortgage loan originations and purchases for resale from all sources during a calendar quarter; Closed-end and open-end first lien and junior lien 1-4 family residential mortgage loan sales during a calendar quarter; or Closed-end and open-end first lien and junior lien 1-4 family residential mortgage loans held for sale or trading at calendar quarter-end. The Board also proposes to combine a number of data items pertaining to 1-4 family residential mortgage banking activity detail collected in this schedule for closed-end loans and commitments under open-end loans for retail originations (item 1), wholesale originations and purchases (item 2), mortgage loans sold (item 3), mortgage loans held for sale or trading (item 4), and repurchases and indemnifications of mortgage loans (item 6). Specifically, the Board proposes to: Combine 1(a), 1(b), and 1(c)(1) into new data item 1; Combine 2(a), 2(b), and 2(c)(1) into new data item 2; Combine 3(a), 3(b), and 3(c)(1) into new data item 3; Combine 4(a), 4(b), and 4(c)(1) into new data item 4; and Combine 6(a), 6(b), and 6(c)(1) into new item 6. The Board also proposes to combine data items 5(a) and 5(b) pertaining to noninterest income from the sale, securitization, and servicing of closed-end and open-end 1-4 family residential mortgage loans into new data item 5. In addition, the Board proposes to remove data items 1(c)(2), 2(c)(2), 3(c)(2), 4(c)(2), and 6(c)(2) pertaining to the principal amount funded for open-end loans extended under lines of credit for each of the above listed categories. Schedule HC-Q--Assets and Liabilities Measured at Fair Value on a Recurring Basis The Board proposes to modify the reporting criteria for Schedule HC-Q by applying an activity threshold. Schedule HC-Q would be completed only by HCs that (1) have elected to report financial instruments or servicing assets and liabilities at fair value under a fair value option with changes in fair value recognized in earnings, or (2) are required to complete Schedule HC-D, Trading Assets and Labilities. HCs that do not meet either of these criteria would no longer need to complete this schedule, regardless of asset size. The Board also proposes to delete column B (domestic offices) on Schedule HC-Q, for the fair value and the unpaid principal balance of such loans currently collected in Memorandum items 3 and 4, respectively. The Board proposes to combine certain existing loan categories in Memorandum items 3 and 4 for fair value option loans secured by [[Page 18845]] 1-4 family residential properties, detail on revolving, open-end loans secured by 1-4 family residential properties and extended under lines of credit; closed-end loans secured by first liens on 1-4 family residential properties; and closed-end loans secured by junior liens on 1-4 family residential properties that currently are reported for domestic offices in column B would be consolidated into a single category and collected for the consolidated HC. For fair value option loans secured by real estate other than 1-4 family residential properties, detail on construction, land development, and other land loans; loans secured by farmland; loans secured by multifamily (5 or more) residential properties; and loans secured by nonfarm nonresidential properties that currently are reported for domestic offices in column B would be consolidated into a single category and collected for the consolidated HC. These proposed revisions would replace the existing items for total fair value option loans secured by real estate for the consolidated HC. For fair value option consumer loans, detail for the consolidated HC on credit cards, other revolving credit plans, automobile loans, and other consumer loans would be consolidated into a single category. More specifically, the Board proposes to: Delete existing Memoranda items 3(a) and 4(a), column A, on the fair value and the unpaid principal balance of consolidated loans secured by real estate; Combine existing Memorandum items 3(a)(3)(a), 3(a)(3)(b)(i), and 3(a)(3)(b)(ii), column B, into new Memorandum item 3(a)(1) for the fair value of consolidated loans secured by 1-4 family residential properties measured at fair value; Combine existing Memorandum items 3(a)(1), 3(a)(2), 3(a)(4), and 3(a)(5), column B, into new Memorandum item 3(a)(2) for the fair value of all other loans secured by real estate measured at fair value; Combine existing Memorandum items 3(c)(1) through 3(c)(4) into new Memorandum item 3(c) pertaining to the fair value of all consumer loans measured at fair value; Combine existing Memorandum items 4(a)(3)(a), 4(a)(3)(b)(i), and 4(a)(3)(b)(ii), column B, into new Memorandum item 4(a)(1) pertaining to the unpaid principal balance of consolidated loans secured by 1-4 family residential properties that are measured at fair value; Combine existing Memorandum items 4(a)(1), 4(a)(2), 4(a)(4), and 4(a)(5), column B, into new Memorandum item 4(a)(2) pertaining to the unpaid principal balance of all other loans secured by real estate measured at fair value for the consolidated HC; and Combine existing Memorandum items 4(c)(1) through 4(c)(4) into new Memorandum item 4(c) pertaining to the unpaid principal balance of all consumer loans measured at fair value. Schedule HC-S--Servicing, Securitization, and Asset Sale Activities The Board proposes the following revisions to Schedule HC-S: Combine data items 2(a), 2(b), and 2(c) into new item 2, columns A through G, pertaining to the maximum amount of credit exposure arising from recourse or other seller-provided credit enhancements in the form of retained interest-only strips, subordinated securities and other residual interests, and standby letters of credit and other enhancements; Add a reporting threshold of $100 billion or more in total assets before HCs must complete Schedule HC-S, data item 3, which is used for reporting unused commitments to provide liquidity to structures reported in item 1 involving assets sold and securitized by the reporting HC with servicing retained or with recourse or other seller-provided credit enhancements; Combine data items 6(a) and 6(b) pertaining to ownership (or seller's) interests carried as securities or loans into new data item 6. The Board also proposes to add a reporting threshold of $10 billion or more in total consolidated assets before HCs must complete data item 6; Delete data items 7(a) and 7(b) pertaining to loan amounts included in ownership (or seller's) interests carried as securities that are 30-89 days past due and 90 days or more past due, respectively; Delete data items 8(a) and 8(b) pertaining to charge-offs and recoveries, respectively, on loan amounts included in the ownership (or seller's) interests carried as securities that are currently reported in 6(a); Combine data item 9, columns B (home equity lines) and C (credit card receivables), pertaining to the maximum amount of credit exposures arising from credit enhancements in the form standby letters of credit, purchased subordinated securities, and other enhancements provided by the reporting HC to other institutions' securitization structures, into existing column G, All other loans, all leases, and all other assets; Add a reporting threshold of $10 billion or more in total assets for reporting unused commitments to provide liquidity to other institutions' securitization structures in item 10. The Board also proposes to combine data item 10, columns B (home equity lines) and C (credit card receivables), pertaining to a reporting institution's unused commitments to provide liquidity to other institutions' securitization structures, respectively, into existing column G; Combine data item 11, columns B through F, pertaining to assets sold with recourse or other seller-provided credit enhancements and not securitized, into existing column G. The activities reported in columns B through F pertain to home equity lines, credit card receivables, auto loans, other consumer loans, and commercial and industrial loans, respectively; Combine data item 12, columns B through F, pertaining to the maximum amount of credit exposure arising from recourse or other seller-provided credit enhancements on assets sold with recourse or other seller-provided credit enhancements and not securitized, into existing column G; Delete Memorandum items 1(a) and 1(b) pertaining to the outstanding principal balance and the amount of retained recourse, respectively, on small business obligations transferred with recourse under Section 208 of the Riegle Community Development and Regulatory Improvement Act of 1994, and include the amounts previously reported in these two memorandum items in either items 1 or 2 (column F) or items 11 and 12 (column G), depending on whether the obligations were securitized or not securitized, respectively; and Add a reporting threshold of $10 billion or more in total assets for reporting the detail on ABCP conduits in Memorandum items 3(a)(1) through 3(b)(2), and the amount of outstanding credit card fees and finance charges included in credit card receivables sold and securitized with servicing retained or with recourse or other seller- provided credit enhancements in Memorandum item 4. To complete Memorandum item 4, a HC with $10 billion or more in total assets would also need to meet one of the existing criteria for reporting this information, i.e., the HC, together with affiliated institutions, has outstanding credit card receivables that exceed $500 million as of the report date, or the HC is a credit card specialty HC (as defined in the instructions). Schedule HC-V--Variable Interest Entities The Board proposes to consolidate information collected on consolidated VIEs used as ABCP conduits (column B) [[Page 18846]] and other VIEs (column C) for all items into a single column B covering all VIEs other than those used as securitization vehicles (which will continue to be reported in column A). In lieu of the detailed breakdown of assets and liabilities of ABCP conduit VIEs currently reported in column B, the Board proposes to collect data on the total assets and total liabilities of such VIEs in new data items 5 and 6, respectively. For these ABCP conduit VIEs, the total assets item would include the assets that could be used only to settle these VIEs' obligations, which are currently reported in items 1(a) through 1(k), column B, and all other assets of these VIEs, which are currently reported in item 3, column B; the total liabilities items would include these VIEs, liabilities for which creditors do not have recourse to the general credit of the reporting bank, which are currently reported in items 2(a) through 2(e), column B, and all other liabilities of the VIEs, which are currently reported in item 4, column B. In the two columns that would remain, the Board proposes to: Combine data items 1(b) and 1(c), pertaining to held-to- maturity and available-for-sale securities, into a single new item 1(b), Securities not held for trading; Combine data items 1(e) through 1(g), pertaining to loans and leases held for sale, loans and leases held for investment, and the allowance for loan and lease losses, into a single new item 1(c), Loans and leases held for investment, net of allowance, and held for sale; Combine data items 2(c) and 2(d), pertaining to commercial paper and other borrowed money, into a single new item 2(a), Other borrowed money; Delete data items 1(d), 1(h), and 1(i), pertaining to securities purchased under agreements to resell, trading assets (other than derivatives), and derivative trading assets. The data currently reported in these items would be included in existing data item 1(k), Other assets, which would be renumbered as data item 1(e). Existing data item 1(j) Other real estate owned would be renumbered 1(d); and Delete VIE detail on data items 2(a) and 2(b), pertaining to securities sold under agreements to repurchase and derivative trading liabilities. The data currently reported in these items would be included in existing data item 2(e), Other liabilities, which would be renumbered as data item 2(b). Legal authorization and confidentiality: The FR Y-9 family of reports is authorized by section 5(c) of the Bank Holding Company Act (12 U.S.C. 1844(c)), section 10 of Home Owners' Loan Act (12 U.S.C. 1467a(b)) and section 618 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (``Dodd-Frank Act'') (12 U.S.C. 1850a(c)(1)), and section 165 of the Dodd-Frank Act (12 U.S.C. 5365). The obligation of covered institutions to report this information is mandatory. With respect to the FR Y-9LP, FR Y-9SP, FR Y-9ES, FR Y-9CS, as well as most items on the FR Y-9C, the information collected would generally not be accorded confidential treatment. If confidential treatment is requested by a respondent, the Board will review the request to determine if confidential treatment is appropriate. With respect to the FR Y-9C, Schedule HI's item 7(g) ``FDIC deposit insurance assessments,'' Schedule HC-P's item 7(a) ``Representation and warranty reserves for 1-4 family residential mortgage loans sold to U.S. government agencies and government sponsored agencies,'' and Schedule HC-P's item 7(b) ``Representation and warranty reserves for 1- 4 family residential mortgage loans sold to other parties'' are considered confidential. Such treatment is appropriate because the data is not publicly available and could cause substantial harm to the competitive position of the respondent. The public release of this confidential data may impair the Board's future ability to collect similarly confidential data. Thus, this information may be kept confidential under exemptions (b)(4) of the Freedom of Information Act, which exempts from disclosure ``trade secrets and commercial or financial information obtained from a person and privileged or confidential'' (5 U.S.C. 552(b)(4)), and (b)(8) of the Freedom of Information Act, which exempts from disclosure information related to examination, operating, or condition reports prepared by, on behalf of, or for the use of an agency responsible for the regulation or supervision of financial institutions (5 U.S.C. 552(b)(8)). If confidential treatment is requested by a respondent for other items in the FR Y-9C, the Board will review the request to determine if confidential treatment is appropriate. Board of Governors of the Federal Reserve System, April 24, 2018. Ann Misback, Secretary of the Board. [FR Doc. 2018-09000 Filed 4-27-18; 8:45 am] BILLING CODE 6210-01-P
![Federal Register / Vol. 83, No. 83 / Monday, April 30, 2018 / Notices 18843
The Board did not receive any order to inspect and photocopy c. Ways to enhance the quality,
comments. comments. utility, and clarity of the information to
Board of Governors of the Federal Reserve Additionally, commenters may send a be collected;
System, April 24, 2018. copy of their comments to the OMB d. Ways to minimize the burden of
Ann Misback, Desk Officer—Shagufta Ahmed—Office information collection on respondents,
Secretary of the Board. of Information and Regulatory Affairs, including through the use of automated
Office of Management and Budget, New collection techniques or other forms of
[FR Doc. 2018–08992 Filed 4–27–18; 8:45 am]
Executive Office Building, Room 10235, information technology; and
BILLING CODE 6210–01–P
725 17th Street NW, Washington, DC e. Estimates of capital or startup costs
20503 or by fax to (202) 395–6974. and costs of operation, maintenance,
and purchase of services to provide
FEDERAL RESERVE SYSTEM FOR FURTHER INFORMATION CONTACT: A
information.
copy of the PRA OMB submission, At the end of the comment period, the
Proposed Agency Information including the proposed reporting form
Collection Activities; Comment comments and recommendations
and instructions, supporting statement, received will be analyzed to determine
Request and other documentation will be placed the extent to which the Federal Reserve
AGENCY: Board of Governors of the into OMB’s public docket files, if should modify the proposal.
Federal Reserve System. approved. These documents will also be Proposal to approve under OMB
ACTION: Notice, request for comment. made available on the Federal Reserve delegated authority the extension for
Board’s public website at: http:// three years, with revision, of the
SUMMARY: The Board of Governors of the www.federalreserve.gov/apps/ following reports:
Federal Reserve System (Board) invites reportforms/review.aspx or may be Report title: Financial Statements for
comment on a proposal to extend for requested from the agency clearance Holding Companies.
three years, with revision, the Financial officer, whose name appears below. Agency form number: FR Y–9C, FR
Statements for Holding Companies (FR Federal Reserve Board Clearance Y–9LP, FR Y–9SP, FR Y–9ES, and FR
Y–9 family of reports) (OMB No. 7100– Officer—Nuha Elmaghrabi—Office of Y–9CS.
0128). the Chief Data Officer, Board of OMB control number: 7100–0128.
DATES: Comments must be submitted on Governors of the Federal Reserve Frequency: Quarterly, semiannually,
or before June 29, 2018. System, Washington, DC 20551, (202) and annually.
ADDRESSES: You may submit comments, 452–3829. Telecommunications Device Reporters: Bank holding companies,
identified by FR Y–9C, FR Y–9LP, FR Y– for the Deaf (TDD) users may contact savings and loan holding companies,
9SP, FR Y–9ES, or FR Y–9CS, by any of (202) 263–4869, Board of Governors of securities holding companies, and U.S.
the following methods: the Federal Reserve System, Intermediate Holding Companies
• Agency Website: http:// Washington, DC 20551. (collectively, holding companies (HCs)).
www.federalreserve.gov. Follow the SUPPLEMENTARY INFORMATION: On June
Estimated average hours per response:
instructions for submitting comments at 15, 1984, the Office of Management and FR Y–9C (non-advanced approaches
http://www.federalreserve.gov/apps/ Budget (OMB) delegated to the Board holding companies): 46.29 hours; FR
foia/proposedregs.aspx. authority under the Paperwork Y–9C (advanced approached holding
• Email: regs.comments@ Reduction Act (PRA) to approve of and companies HCs): 47.54 hours; FR
federalreserve.gov. Include OMB assign OMB control numbers to Y–9LP: 5.27 hours; FR Y–9SP: 5.40
number in the subject line of the collection of information requests and hours FR Y–9ES: 0.50 hours; FR Y–9CS:
message. requirements conducted or sponsored 0.50 hours.
• FAX: (202) 452–3819 or (202) 452– by the Board. In exercising this
Estimated number of respondents: FR
3102. Y–9C (non-advanced approaches
delegated authority, the Board is
• Mail: Ann E. Misback, Secretary, holding companies): 623; FR Y–9C
directed to take every reasonable step to
Board of Governors of the Federal (advanced approached holding
solicit comment. In determining
Reserve System, 20th Street and companies): 18; FR Y–9LP: 761; FR
whether to approve a collection of
Constitution Avenue NW, Washington, Y–9SP: 3,613 FR Y–9ES: 84; FR Y–9CS:
information, the Board will consider all
DC 20551. 236.
All public comments are available comments received from the public and Estimated annual burden hours: FR
from the Board’s website at http:// other agencies. Y–9C (non-advanced approaches
www.federalreserve.gov/apps/foia/ Request for comment on information holding companies): 115,355 hours; FR
proposedregs.aspx as submitted, unless collection proposal: Y–9C (advanced approached holding
modified for technical reasons. The Board invites public comment on companies): 3,423 hours; FR Y–9LP:
Accordingly, your comments will not be the following information collection, 16,042 hours; FR Y–9SP: 39,020; FR
edited to remove any identifying or which is being reviewed under Y–9ES: 42 hours; FR Y–9CS: 472 hours.
contact information. Public comments authority delegated by the OMB under General description of report: The FR
may also be viewed electronically or in the PRA. Comments are invited on the Y–9C serves as standardized financial
paper form in Room 3515, 1801 K Street following: statements for the consolidated holding
(between 18th and 19th Streets NW) a. Whether the proposed collection of company. The FR Y–9 family of
Washington, DC 20006 between 9:00 information is necessary for the proper reporting forms continues to be the
a.m. and 5:00 p.m. on weekdays. For performance of the Federal Reserve’s primary source of financial data on HCs
nshattuck on DSK9F9SC42PROD with NOTICES
security reasons, the Board requires that functions; including whether the that examiners rely on between on-site
visitors make an appointment to inspect information has practical utility; inspections. Financial data from these
comments. You may do so by calling b. The accuracy of the Federal reporting forms is used to detect
(202) 452–3684. Upon arrival, visitors Reserve’s estimate of the burden of the emerging financial problems, review
will be required to present valid proposed information collection, performance, conduct pre-inspection
government-issued photo identification including the validity of the analysis, monitor and evaluate capital
and to submit to security screening in methodology and assumptions used; adequacy, evaluate HC mergers and
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and other VIEs (column C) for all items U.S.C. 1844(c)), section 10 of Home DEPARTMENT OF HEALTH AND
into a single column B covering all VIEs Owners’ Loan Act (12 U.S.C. 1467a(b)) HUMAN SERVICES
other than those used as securitization and section 618 of the Dodd-Frank Wall
vehicles (which will continue to be Street Reform and Consumer Protection Centers for Disease Control and
reported in column A). In lieu of the Act (‘‘Dodd-Frank Act’’) (12 U.S.C. Prevention
detailed breakdown of assets and 1850a(c)(1)), and section 165 of the
liabilities of ABCP conduit VIEs Meeting of the Community Preventive
Dodd-Frank Act (12 U.S.C. 5365). The Services Task Force (CPSTF)
currently reported in column B, the obligation of covered institutions to
Board proposes to collect data on the report this information is mandatory. AGENCY: Centers for Disease Control and
total assets and total liabilities of such Prevention (CDC), Department of Health
VIEs in new data items 5 and 6, With respect to the FR Y–9LP, FR
and Human Services (HHS).
respectively. For these ABCP conduit Y–9SP, FR Y–9ES, FR Y–9CS, as well as
ACTION: Notice of meeting.
VIEs, the total assets item would most items on the FR Y–9C, the
include the assets that could be used information collected would generally SUMMARY: The Centers for Disease
only to settle these VIEs’ obligations, not be accorded confidential treatment. Control and Prevention (CDC) within
which are currently reported in items If confidential treatment is requested by the Department of Health and Human
1(a) through 1(k), column B, and all a respondent, the Board will review the Services announces the next meeting of
other assets of these VIEs, which are request to determine if confidential the Community Preventive Services
currently reported in item 3, column B; treatment is appropriate. Task Force (CPSTF) on June 13–14,
the total liabilities items would include 2018, in Atlanta, Georgia.
With respect to the FR Y–9C,
these VIEs, liabilities for which DATES: The meeting will be held on
Schedule HI’s item 7(g) ‘‘FDIC deposit
creditors do not have recourse to the Wednesday, June 13, 2018, from 8:30
general credit of the reporting bank, insurance assessments,’’ Schedule
HC–P’s item 7(a) ‘‘Representation and a.m. to 6:00 p.m. EDT and Thursday,
which are currently reported in items June 14, 2018, from 8:30 a.m. to 1:00
2(a) through 2(e), column B, and all warranty reserves for 1–4 family
p.m. EDT.
other liabilities of the VIEs, which are residential mortgage loans sold to U.S.
ADDRESSES: The CPSTF Meeting will be
currently reported in item 4, column B. government agencies and government
sponsored agencies,’’ and Schedule held at the CDC Edward R. Roybal
In the two columns that would remain, Campus, Centers for Disease Control
the Board proposes to: HC–P’s item 7(b) ‘‘Representation and
and Prevention Headquarters (Building
• Combine data items 1(b) and 1(c), warranty reserves for 1–4 family
19), 1600 Clifton Road NE, Atlanta, GA
pertaining to held-to-maturity and residential mortgage loans sold to other 30329. You should be aware that the
available-for-sale securities, into a single parties’’ are considered confidential. meeting location is in a Federal
new item 1(b), Securities not held for Such treatment is appropriate because government building; therefore, Federal
trading; the data is not publicly available and
• Combine data items 1(e) through security measures are applicable. For
could cause substantial harm to the additional information, please see
1(g), pertaining to loans and leases held competitive position of the respondent.
for sale, loans and leases held for Roybal Campus Security Guidelines
The public release of this confidential under SUPPLEMENTARY INFORMATION.
investment, and the allowance for loan data may impair the Board’s future
and lease losses, into a single new item Information regarding meeting logistics
ability to collect similarly confidential will be available on the Community
1(c), Loans and leases held for
data. Thus, this information may be kept Guide website
investment, net of allowance, and held
for sale; confidential under exemptions (b)(4) of (www.thecommunityguide.org) closer to
• Combine data items 2(c) and 2(d), the Freedom of Information Act, which the date of the meeting.
pertaining to commercial paper and exempts from disclosure ‘‘trade secrets FOR FURTHER INFORMATION CONTACT:
other borrowed money, into a single and commercial or financial information Onslow Smith, Center for Surveillance,
new item 2(a), Other borrowed money; obtained from a person and privileged Epidemiology and Laboratory Services;
• Delete data items 1(d), 1(h), and or confidential’’ (5 U.S.C. 552(b)(4)), and Centers for Disease Control and
1(i), pertaining to securities purchased (b)(8) of the Freedom of Information Prevention, 1600 Clifton Road NE, MS–
under agreements to resell, trading Act, which exempts from disclosure E–69, Atlanta, GA 30329, phone: (404)
assets (other than derivatives), and information related to examination, 498–6778, email: CPSTF@cdc.gov.
derivative trading assets. The data operating, or condition reports prepared SUPPLEMENTARY INFORMATION:
currently reported in these items would by, on behalf of, or for the use of an Meeting Accessibility: This space-
be included in existing data item 1(k), agency responsible for the regulation or limited meeting is open to the public.
Other assets, which would be supervision of financial institutions (5 All meeting attendees must register. To
renumbered as data item 1(e). Existing U.S.C. 552(b)(8)). If confidential ensure completion of required security
data item 1(j) Other real estate owned treatment is requested by a respondent procedures and access to the CDC’s
would be renumbered 1(d); and for other items in the FR Y–9C, the Global Communications Center, U.S.
• Delete VIE detail on data items 2(a) citizens intending to attend in person
Board will review the request to
and 2(b), pertaining to securities sold must register by June 6, 2018, and non-
determine if confidential treatment is
under agreements to repurchase and U.S. citizens intending to attend in
appropriate.
derivative trading liabilities. The data person must register by May 7, 2018.
currently reported in these items would Board of Governors of the Federal Reserve Failure to register by the dates identified
nshattuck on DSK9F9SC42PROD with NOTICES
be included in existing data item 2(e), System, April 24, 2018. could result in the inability to attend the
Other liabilities, which would be Ann Misback, CPSTF meeting in person.
renumbered as data item 2(b). Secretary of the Board. Those unable to attend the meeting in
Legal authorization and [FR Doc. 2018–09000 Filed 4–27–18; 8:45 am]
person are able to do so via webcast.
confidentiality: The FR Y–9 family of CDC will send the webcast URL to
BILLING CODE 6210–01–P
reports is authorized by section 5(c) of registrants upon receipt of their
the Bank Holding Company Act (12 registration. All meeting attendees must
VerDate Sep<11>2014 15:01 Apr 27, 2018 Jkt 244001 PO 00000 Frm 00072 Fmt 4703 Sfmt 4703 E:\FR\FM\30APN1.SGM 30APN1](https://thefederalregister.org/doc/83_FR_18926/page/4.svg)
Document Created: 2018-04-28 01:03:54
Document Modified: 2018-04-28 01:03:54
| 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 June 29, 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 18843 |
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