83_FR_28546 83 FR 28428 - Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB

83 FR 28428 - Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB

FEDERAL RESERVE SYSTEM

Federal Register Volume 83, Issue 118 (June 19, 2018)

Page Range28428-28429
FR Document2018-13107

The Board of Governors of the Federal Reserve System (Board) is adopting 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). The revisions are effective as of the June 30, 2018 report date.

Federal Register, Volume 83 Issue 118 (Tuesday, June 19, 2018) 
[Federal Register Volume 83, Number 118 (Tuesday, June 19, 2018)]
[Notices]
[Pages 28428-28429]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-13107]


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FEDERAL RESERVE SYSTEM


Agency Information Collection Activities: Announcement of Board 
Approval Under Delegated Authority and Submission to OMB

AGENCY: Board of Governors of the Federal Reserve System.

SUMMARY: The Board of Governors of the Federal Reserve System (Board) 
is adopting 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). The revisions 
are effective as of the June 30, 2018 report date.

FOR FURTHER INFORMATION CONTACT: 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.
    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.

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. Board-approved collections of information are 
incorporated into the official OMB inventory of currently approved 
collections of information. Copies of the Paperwork Reduction Act 
Submission, supporting statements and approved collection of 
information instrument(s) are placed into OMB's public docket files. 
The Board may not conduct or sponsor, and the respondent is not 
required to respond to, an information collection that has been 
extended, revised, or implemented on or after October 1, 1995, unless 
it displays a currently valid OMB control number.
    Final approval under OMB delegated authority of 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), including certain foreign banking 
organizations (FBOs).
    Estimated number of respondents: 933.
    Estimated average hours per response: 7.8 hours.
    Estimated annual burden hours: 29,110.
    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 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, only 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.
    Revisions: In order to reduce reporting burden, the Board has 
eliminated the FR Y-8 declaration page. Previously, respondents that 
own or control insured depository institutions could have, instead of 
completing the entire form, submitted a declaration page each quarter 
attesting to the fact that the institutions do not have any covered 
transactions with their affiliates. The Board also has revised the 
instructions to eliminate references to 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, as defined by section 23A of the Federal Reserve Act. See 12 
U.S.C. 371c. Section 5(c) of the Bank Holding Company Act authorizes 
the Board to require BHCs to file the FR Y-8

[[Page 28429]]

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 
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).
    Current actions: On March 15, 2018, the Board published a notice in 
the Federal Register (83 FR 11519) requesting public comment for 60 
days on the extension, with revision, of the FR Y-8. The comment period 
for this notice expired on May 14, 2018, and no comments were received. 
The revisions will be implemented as proposed.

    Board of Governors of the Federal Reserve System, June 14, 2018.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2018-13107 Filed 6-18-18; 8:45 am]
 BILLING CODE 6210-01-P

28428 Federal Register / Vol. 83, No. 118 / Tuesday, June 19, 2018 / Notices [FR Doc. 2018–13113 Filed 6–18–18; 8:45 am] collections of information are FBO indirectly controls a U.S. insured BILLING CODE 6450–01–C incorporated into the official OMB depository institution through a U.S. inventory of currently approved holding company, only the U.S. holding collections of information. Copies of the company must file the FR Y–8. A FEDERAL RESERVE SYSTEM Paperwork Reduction Act Submission, respondent must file a separate report supporting statements and approved for each U.S. insured depository Agency Information Collection collection of information instrument(s) institution it controls. The primary Activities: Announcement of Board are placed into OMB’s public docket purpose of the data is to enhance the Approval Under Delegated Authority files. The Board may not conduct or Board’s ability to monitor the credit and Submission to OMB sponsor, and the respondent is not exposure of insured depository required to respond to, an information institutions to their affiliates and to AGENCY: Board of Governors of the collection that has been extended, ensure that insured depository Federal Reserve System. revised, or implemented on or after institutions are in compliance with SUMMARY: The Board of Governors of the section 23A of the Federal Reserve Act October 1, 1995, unless it displays a Federal Reserve System (Board) is and Regulation W. Section 23A of the currently valid OMB control number. adopting a proposal to extend for three Final approval under OMB delegated Federal Reserve Act limits an insured years, with revision, the Holding authority of the extension for three depository institution’s exposure to Company Report of Insured Depository years, with revision, of the following affiliated entities and helps to protect Institutions’ Section 23A Transactions report: against the expansion of the federal with Affiliates (FR Y–8; OMB No. 7100– Report title: Holding Company Report safety net to uninsured entities. 0126). The revisions are effective as of of Insured Depository Institutions’ Revisions: In order to reduce reporting the June 30, 2018 report date. Section 23A Transactions with burden, the Board has eliminated the FR FOR FURTHER INFORMATION CONTACT: Affiliates. Y–8 declaration page. Previously, Federal Reserve Board Clearance Agency form number: FR Y–8. respondents that own or control insured Officer—Nuha Elmaghrabi—Office of OMB control number: 7100–0126. depository institutions could have, the Chief Data Officer, Board of Frequency: Quarterly. instead of completing the entire form, Governors of the Federal Reserve Respondents: Certain bank holding submitted a declaration page each System, Washington, DC 20551, (202) companies (BHCs) and savings and loan quarter attesting to the fact that the 452–3829. Telecommunications Device holding companies (SLHCs), including institutions do not have any covered for the Deaf (TDD) users may contact certain foreign banking organizations transactions with their affiliates. The (202) 263–4869, Board of Governors of (FBOs). Board also has revised the instructions the Federal Reserve System, Estimated number of respondents: to eliminate references to the Washington, DC 20551. 933. declaration page and to clarify that OMB Desk Officer—Shagufta Estimated average hours per response: respondents that own or control insured Ahmed—Office of Information and 7.8 hours. depository institutions that do not have Regulatory Affairs, Office of Estimated annual burden hours: any covered transactions with their Management and Budget, New 29,110. affiliates would not have to file the Executive Office Building, Room 10235, General description of report: The FR FR Y–8. 725 17th Street NW, Washington, DC Y–8 collects information on covered Legal authorization and 20503 or by fax to (202) 395–6974. transactions between an insured confidentiality: The FR Y–8 is SUPPLEMENTARY INFORMATION: On June depository institution and its affiliates mandatory for respondents that control 15, 1984, the Office of Management and that are subject to the quantitative limits an insured depository institution that daltland on DSKBBV9HB2PROD with NOTICES Budget (OMB) delegated to the Board and requirements of section 23A of the has engaged in covered transactions authority under the Paperwork Federal Reserve Act and the Board’s with an affiliate during the reporting Reduction Act (PRA) to approve and Regulation W (12 CFR Pt. 223). The FR period, as defined by section 23A of the assign OMB control numbers to Y–8 is filed quarterly by all U.S. top-tier Federal Reserve Act. See 12 U.S.C. 371c. collection of information requests and BHCs and SLHCs, and by FBOs that Section 5(c) of the Bank Holding requirements conducted or sponsored directly own or control a U.S. subsidiary Company Act authorizes the Board to by the Board. Board-approved insured depository institution. If an require BHCs to file the FR Y–8 EN19JN18.002</GPH> VerDate Sep<11>2014 17:55 Jun 18, 2018 Jkt 244001 PO 00000 Frm 00020 Fmt 4703 Sfmt 4703 E:\FR\FM\19JNN1.SGM 19JNN1

Federal Register / Vol. 83, No. 118 / Tuesday, June 19, 2018 / Notices 28429 reporting form with the Board. 12 U.S.C. DEPARTMENT OF HEALTH AND To obtain copies of a supporting 1844(c). Section 10(b)(2) of the Home HUMAN SERVICES statement and any related forms for the Owners’ Loan Act authorizes the Board proposed collection(s) summarized in to require SLHCs to file the FR Y–8 Centers for Medicare & Medicaid this notice, you may make your request reporting form with the Board. 12 U.S.C. Services using one of following: 1467a(b)(2). The data collected on this 1. Access CMS’ website address at [Document Identifier: CMS–R–306] https://www.cms.gov/Regulations-and- form includes financial information that is not normally disclosed by Agency Information Collection Guidance/Legislation/ respondents, the release of which would Activities: Proposed Collection; PaperworkReductionActof1995/PRA- likely cause substantial harm to the Comment Request Listing.html. competitive position of the respondent 2. Email your request, including your if made publicly available. The data AGENCY: Centers for Medicare & address, phone number, OMB number, collected on this form, therefore, would Medicaid Services, Department of and CMS document identifier, to be kept confidential under exemption 4 Health and Human Services. Paperwork@cms.hhs.gov. of the Freedom of Information Act, ACTION: Notice. 3. Call the Reports Clearance Office at which protects from disclosure trade (410) 786–1326. secrets and commercial or financial SUMMARY: The Centers for Medicare & FOR FURTHER INFORMATION CONTACT: information. 5 U.S.C. 552(b)(4). Medicaid Services (CMS) is announcing William Parham at (410) 786–4669. Current actions: On March 15, 2018, an opportunity for the public to SUPPLEMENTARY INFORMATION: the Board published a notice in the comment on CMS’ intention to collect information from the public. Under the Contents Federal Register (83 FR 11519) requesting public comment for 60 days Paperwork Reduction Act of 1995 (the This notice sets out a summary of the on the extension, with revision, of the PRA), federal agencies are required to use and burden associated with the FR Y–8. The comment period for this publish notice in the Federal Register following information collections. More notice expired on May 14, 2018, and no concerning each proposed collection of detailed information can be found in comments were received. The revisions information (including each proposed each collection’s supporting statement will be implemented as proposed. extension or reinstatement of an existing and associated materials (see collection of information) and to allow ADDRESSES). Board of Governors of the Federal Reserve System, June 14, 2018. 60 days for public comment on the CMS–R–306 Use of Restraint and Michele Taylor Fennell, proposed action. Interested persons are Seclusion in Psychiatric Residential invited to send comments regarding our Treatment Facilities (PRTFs) for Assistant Secretary of the Board. burden estimates or any other aspect of Individuals Under Age 21 and [FR Doc. 2018–13107 Filed 6–18–18; 8:45 am] this collection of information, including Supporting Regulations BILLING CODE 6210–01–P the necessity and utility of the proposed information collection for the proper Under the PRA (44 U.S.C. 3501– performance of the agency’s functions, 3520), federal agencies must obtain FEDERAL RETIREMENT THRIFT the accuracy of the estimated burden, approval from the Office of Management INVESTMENT BOARD ways to enhance the quality, utility, and and Budget (OMB) for each collection of clarity of the information to be information they conduct or sponsor. Sunshine Act Meetings collected, and the use of automated The term ‘‘collection of information’’ is collection techniques or other forms of defined in 44 U.S.C. 3502(3) and 5 CFR Agenda 1320.3(c) and includes agency requests information technology to minimize the Federal Retirement Thrift Investment or requirements that members of the information collection burden. Board Meeting Agenda June 25, 2018 In public submit reports, keep records, or Person 8:30 a.m. DATES: Comments must be received by provide information to a third party. August 20, 2018. Section 3506(c)(2)(A) of the PRA Open Session ADDRESSES: When commenting, please requires federal agencies to publish a 1. Approval of the Minutes for the May reference the document identifier or 60-day notice in the Federal Register 30, 2018 Board Member Meeting OMB control number. To be assured concerning each proposed collection of 2. Monthly Reports consideration, comments and information, including each proposed (a) Participant Activity recommendations must be submitted in extension or reinstatement of an existing (b) Legislative Report any one of the following ways: collection of information, before (c) Investment Policy 1. Electronically. You may send your 3. Vendor Financials submitting the collection to OMB for comments electronically to http:// approval. To comply with this 4. IT Update 5. Strategic Acquisition www.regulations.gov. Follow the requirement, CMS is publishing this instructions for ‘‘Comment or notice. Closed Session Submission’’ or ‘‘More Search Options’’ to find the information collection Information Collection Information covered under 5 U.S.C. 552b (c)(4), (c)(9)(B). document(s) that are accepting 1. Type of Information Collection CONTACT PERSON FOR MORE INFORMATION: comments. Request: Extension of a currently Kimberly Weaver, Director Office of 2. By regular mail. You may mail approved collection; Title of External Affairs (202) 942–1640 written comments to the following Information Collection: Use of Restraint daltland on DSKBBV9HB2PROD with NOTICES address: CMS, Office of Strategic and Seclusion in Psychiatric Residential Dated: June 14, 2018. Operations and Regulatory Affairs, Treatment Facilities (PRTFs) for Dharmesh Vashee, Division of Regulations Development, Individuals Under Age 21 and Deputy General Counsel, Federal Retirement Attention: Document Identifier/OMB Supporting Regulations; Use: Thrift Investment Board. Control Number _________, Room C4– Psychiatric residential treatment [FR Doc. 2018–13175 Filed 6–15–18; 11:15 am] 26–05, 7500 Security Boulevard, facilities are required to report deaths, BILLING CODE 6760–01–P Baltimore, Maryland 21244–1850. serious injuries and attempted suicides VerDate Sep<11>2014 17:55 Jun 18, 2018 Jkt 244001 PO 00000 Frm 00021 Fmt 4703 Sfmt 4703 E:\FR\FM\19JNN1.SGM 19JNN1


Document Created: 2018-07-02 11:21:10
Document Modified: 2018-07-02 11:21:10
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
ActionOn March 15, 2018, the Board published a notice in the Federal Register (83 FR 11519) requesting public comment for 60 days on the extension, with revision, of the FR Y-8. The comment period for this notice expired on May 14, 2018, and no comments were received. The revisions will be implemented as proposed.
ContactFederal 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.
FR Citation83 FR 28428 
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