83_FR_46339 83 FR 46162 - Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority

83 FR 46162 - Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority

FEDERAL RESERVE SYSTEM

Federal Register Volume 83, Issue 177 (September 12, 2018)

Page Range46162-46163
FR Document2018-19676

Notice is hereby given of temporary approval of revisions to the mandatory Consolidated Financial Statements for Holding Companies (FR Y-9C; OMB No. 7100-0128) by the Board of Governors of the Federal Reserve System (Board) pursuant to the authority delegated to the Board by the Office of Management and Budget (OMB), per OMB Regulations on Controlling Paperwork Burdens on the Public. The temporary approval is valid until March 31, 2019.

Federal Register, Volume 83 Issue 177 (Wednesday, September 12, 2018)
[Federal Register Volume 83, Number 177 (Wednesday, September 12, 2018)]
[Notices]
[Pages 46162-46163]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-19676]



[[Page 46162]]

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FEDERAL RESERVE SYSTEM


Agency Information Collection Activities: Announcement of Board 
Approval Under Delegated Authority

AGENCY: Board of Governors of the Federal Reserve System.
SUMMARY: Notice is hereby given of temporary approval of revisions to 
the mandatory Consolidated Financial Statements for Holding Companies 
(FR Y-9C; OMB No. 7100-0128) by the Board of Governors of the Federal 
Reserve System (Board) pursuant to the authority delegated to the Board 
by the Office of Management and Budget (OMB), per OMB Regulations on 
Controlling Paperwork Burdens on the Public. The temporary approval is 
valid until March 31, 2019.

DATES: The revisions are applicable as of June 30, 2018.

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 OMB delegated to the 
Board authority under the Paperwork Reduction Act (PRA) to temporarily 
approve a revision to a collection of information without providing 
opportunity for public comment if the Board determines that a change in 
an existing collection must be instituted quickly and that public 
participation in the approval process would defeat the purpose of the 
collection or substantially interfere with the Board's ability to 
perform its statutory obligation.
    The Board's delegated authority requires that the Board, after 
temporarily approving a collection, publish a notice soliciting public 
comment. The Board will publish a notice in the future inviting comment 
on these actions.
    Final approval under OMB delegated authority of the temporary 
revision of the following reports:
    Report title: Consolidated 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.
    Effective Date: June 30, 2018.
    Frequency: Quarterly and semiannually.
    Respondents: Bank holding companies, savings and loan holding 
companies, securities holding companies, and U.S. intermediate holding 
companies (collectively, holding companies (HCs)).
    Estimated number of respondents: FR Y-9C (non-advanced approaches 
holding companies): 638; FR Y-9C (advanced approaches holding 
companies): 18; FR Y-9LP: 775; FR Y-9SP: 3,837 FR Y-9ES: 82; FR Y-9CS: 
236.
    Estimated average hours per response: FR Y-9C (non-advanced 
approaches holding companies): 46.29 hours; FR Y-9C (advanced 
approaches 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 annual burden hours: FR Y-9C (non-advanced approaches 
holding companies): 118,132 hours; FR Y-9C (advanced approaches holding 
companies): 3,423 hours; FR Y-9LP: 16,337 hours; FR Y-9SP: 41,440 
hours; FR Y-9ES: 41 hours; FR Y-9CS: 472 hours.
    General description of report: 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 acquisitions, and 
analyze an HC's overall financial condition to ensure the safety and 
soundness of its operations. The FR Y-9C, FR Y-9LP, and FR Y-9SP serve 
as standardized financial statements for the consolidated holding 
company. The Board requires HCs to provide standardized financial 
statements to fulfill the Board's statutory obligation to supervise 
these organizations. The FR Y-9ES is a financial statement for HCs that 
are Employee Stock Ownership Plans. The Board uses the FR Y-9CS (a 
free-form supplement) to collect additional information deemed to be 
critical and needed in an expedited manner. HCs file the FRY-9C on a 
quarterly basis, the FR Y-9LP quarterly, 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.
    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 FR Y-9LP, FR Y-9SP, FR Y-ES, and FR Y-9CS, 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 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 the public release of this data is likely 
to impair the Board's ability to collect necessary information in the 
future and could cause substantial harm to the competitive position of 
the respondent. 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)).
    Current Actions: The Economic Growth, Regulatory Relief, and 
Consumer Protection Action (EGRRCPA), enacted on May 24, 2018, amended 
various provisions of banking law to eliminate or reduce statutory and 
regulatory requirements on certain banking organizations. EGRRCPA, 
among other things, provides that state member banks and other 
depository institutions may only be required to assign a heightened 
risk weight to a ``high volatility commercial real estate'' (HVCRE) 
exposure if such exposure is

[[Page 46163]]

an ``HVCRE ADC Loan,'' as defined in section 214 of EGRRCPA. Section 
202 of EGRRCPA also amended the statutory definition of ``brokered 
deposits.'' The current instructions for reporting HVCRE and brokered 
deposits in the FR Y-9C are inconsistent with these provisions of 
EGRRCPA.
    In order to avoid the regulatory burden associated with different 
definitions for HVCRE exposures and brokered deposits within a single 
organization, the Board has amended the FR Y-9C instructions to permit 
bank holding companies, savings and loan holding companies, and 
intermediate holding companies of foreign banks to report HVCRE and 
brokered deposits on the FR Y-9C report in a manner consistent with 
their subsidiary depository institution(s).
    In order for the FR Y-9C to reflect sections 202 and 214 of 
EGRRCPA, which became effective immediately when EGRRCPA was signed on 
May 24, 2018, the Board cannot comply with the normal clearance process 
and still receive the June 30, 2018, financial data in a timely manner. 
Therefore, the Board has determined that the revisions to the FR Y-9C 
described above must be instituted quickly and public participation in 
the approval process would substantially interfere with the Board's 
ability to perform its statutory obligations arising from EGRRCPA.

    Board of Governors of the Federal Reserve System, September 6, 
2018.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2018-19676 Filed 9-11-18; 8:45 am]
BILLING CODE 6210-01-P



                                               46162                   Federal Register / Vol. 83, No. 177 / Wednesday, September 12, 2018 / Notices

                                               FEDERAL RESERVE SYSTEM                                     Agency form number: FR Y–9C, FR                       Legal Authorization and
                                                                                                       Y–9LP, FR Y–9SP, FR Y–9ES, and FR                     confidentiality: The FR Y–9 family of
                                               Agency Information Collection                           Y–9CS.                                                reports is authorized by section 5(c) of
                                               Activities: Announcement of Board                          OMB control number: 7100–0128.                     the Bank Holding Company Act (12
                                               Approval Under Delegated Authority                         Effective Date: June 30, 2018.                     U.S.C. 1844(c)), section 10 of Home
                                                                                                          Frequency: Quarterly and                           Owners’ Loan Act (12 U.S.C. 1467a(b))
                                               AGENCY:   Board of Governors of the                     semiannually.                                         and section 618 of the Dodd-Frank Wall
                                               Federal Reserve System.                                    Respondents: Bank holding                          Street Reform and Consumer Protection
                                               SUMMARY: Notice is hereby given of                      companies, savings and loan holding                   Act (Dodd-Frank Act) (12 U.S.C.
                                               temporary approval of revisions to the                  companies, securities holding                         1850a(c)(1)), and section 165 of the
                                               mandatory Consolidated Financial                        companies, and U.S. intermediate                      Dodd-Frank Act (12 U.S.C. 5365). The
                                               Statements for Holding Companies (FR                    holding companies (collectively,                      obligation of covered institutions to
                                               Y–9C; OMB No. 7100–0128) by the                         holding companies (HCs)).                             report this information is mandatory.
                                               Board of Governors of the Federal                          Estimated number of respondents: FR                   With respect to FR Y–9LP, FR Y–9SP,
                                               Reserve System (Board) pursuant to the                  Y–9C (non-advanced approaches                         FR Y–ES, and FR Y–9CS, the
                                               authority delegated to the Board by the                 holding companies): 638; FR Y–9C                      information collected would generally
                                               Office of Management and Budget                         (advanced approaches holding                          not be accorded confidential treatment.
                                               (OMB), per OMB Regulations on                           companies): 18; FR Y–9LP: 775; FR                     If confidential treatment is requested by
                                               Controlling Paperwork Burdens on the                    Y–9SP: 3,837 FR Y–9ES: 82; FR Y–9CS:                  a respondent, the Board will review the
                                               Public. The temporary approval is valid                 236.                                                  request to determine if confidential
                                               until March 31, 2019.                                      Estimated average hours per response:              treatment is appropriate.
                                               DATES: The revisions are applicable as of               FR Y–9C (non-advanced approaches                         With respect to FR Y–9C, Schedule
                                               June 30, 2018.                                          holding companies): 46.29 hours; FR                   HI’s item 7(g) ‘‘FDIC deposit insurance
                                                                                                       Y–9C (advanced approaches holding                     assessments,’’ Schedule HC–P’s item
                                               FOR FURTHER INFORMATION CONTACT:
                                                                                                       companies HCs): 47.54 hours; FR                       7(a) ‘‘Representation and warranty
                                                 Federal Reserve Board Clearance                       Y–9LP: 5.27 hours; FR Y–9SP: 5.40
                                               Officer—Nuha Elmaghrabi—Office of                                                                             reserves for 1–4 family residential
                                                                                                       hours; FR Y–9ES: 0.50 hours; FR Y–9CS:                mortgage loans sold to U.S. government
                                               the Chief Data Officer, Board of                        0.50 hours.
                                               Governors of the Federal Reserve                                                                              agencies and government sponsored
                                                                                                          Estimated annual burden hours: FR                  agencies,’’ and Schedule HC–P’s item
                                               System, Washington, DC 20551, (202)                     Y–9C (non-advanced approaches
                                               452–3829. Telecommunications Device                                                                           7(b) ‘‘Representation and warranty
                                                                                                       holding companies): 118,132 hours; FR                 reserves for 1–4 family residential
                                               for the Deaf (TDD) users may contact                    Y–9C (advanced approaches holding
                                               (202) 263–4869, Board of Governors of                                                                         mortgage loans sold to other parties’’ are
                                                                                                       companies): 3,423 hours; FR Y–9LP:                    considered confidential. Such treatment
                                               the Federal Reserve System,                             16,337 hours; FR Y–9SP: 41,440 hours;
                                               Washington, DC 20551.                                                                                         is appropriate because the data is not
                                                                                                       FR Y–9ES: 41 hours; FR Y–9CS: 472                     publicly available and the public release
                                                 OMB Desk Officer—Shagufta                             hours.                                                of this data is likely to impair the
                                               Ahmed—Office of Information and                            General description of report: The FR              Board’s ability to collect necessary
                                               Regulatory Affairs, Office of                           Y–9 family of reporting forms continues               information in the future and could
                                               Management and Budget, New                              to be the primary source of financial                 cause substantial harm to the
                                               Executive Office Building, Room 10235,                  data on HCs that examiners rely on                    competitive position of the respondent.
                                               725 17th Street NW, Washington, DC                      between on-site inspections. Financial                Thus, this information may be kept
                                               20503 or by fax to (202) 395–6974.                      data from these reporting forms is used               confidential under exemptions (b)(4) of
                                               SUPPLEMENTARY INFORMATION: On June                      to detect emerging financial problems,                the Freedom of Information Act, which
                                               15, 1984, the OMB delegated to the                      review performance, conduct pre-                      exempts from disclosure ‘‘trade secrets
                                               Board authority under the Paperwork                     inspection analysis, monitor and                      and commercial or financial information
                                               Reduction Act (PRA) to temporarily                      evaluate capital adequacy, evaluate HC                obtained from a person and privileged
                                               approve a revision to a collection of                   mergers and acquisitions, and analyze                 or confidential’’ (5 U.S.C. 552(b)(4)), and
                                               information without providing                           an HC’s overall financial condition to                (b)(8) of the Freedom of Information
                                               opportunity for public comment if the                   ensure the safety and soundness of its                Act, which exempts from disclosure
                                               Board determines that a change in an                    operations. The FR Y–9C, FR Y–9LP,                    information related to examination,
                                               existing collection must be instituted                  and FR Y–9SP serve as standardized                    operating, or condition reports prepared
                                               quickly and that public participation in                financial statements for the consolidated             by, on behalf of, or for the use of an
                                               the approval process would defeat the                   holding company. The Board requires                   agency responsible for the regulation or
                                               purpose of the collection or                            HCs to provide standardized financial                 supervision of financial institutions (5
                                               substantially interfere with the Board’s                statements to fulfill the Board’s                     U.S.C. 552(b)(8)).
                                               ability to perform its statutory                        statutory obligation to supervise these                  Current Actions: The Economic
                                               obligation.                                             organizations. The FR Y–9ES is a                      Growth, Regulatory Relief, and
                                                 The Board’s delegated authority                       financial statement for HCs that are                  Consumer Protection Action
                                               requires that the Board, after                          Employee Stock Ownership Plans. The                   (EGRRCPA), enacted on May 24, 2018,
                                               temporarily approving a collection,                     Board uses the FR Y–9CS (a free-form                  amended various provisions of banking
                                               publish a notice soliciting public                      supplement) to collect additional                     law to eliminate or reduce statutory and
                                               comment. The Board will publish a                       information deemed to be critical and                 regulatory requirements on certain
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                                               notice in the future inviting comment                   needed in an expedited manner. HCs                    banking organizations. EGRRCPA,
                                               on these actions.                                       file the FRY–9C on a quarterly basis, the             among other things, provides that state
                                                 Final approval under OMB delegated                    FR Y–9LP quarterly, the FR Y–9SP                      member banks and other depository
                                               authority of the temporary revision of                  semiannually, the FR Y–9ES annually,                  institutions may only be required to
                                               the following reports:                                  and the FR Y–9CS on a schedule that is                assign a heightened risk weight to a
                                                 Report title: Consolidated Financial                  determined when this supplement is                    ‘‘high volatility commercial real estate’’
                                               Statements for Holding Companies.                       used.                                                 (HVCRE) exposure if such exposure is


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                                                                        Federal Register / Vol. 83, No. 177 / Wednesday, September 12, 2018 / Notices                                           46163

                                               an ‘‘HVCRE ADC Loan,’’ as defined in                    the Board of Governors. Interested                       OMB Desk Officer—Shagufta
                                               section 214 of EGRRCPA. Section 202 of                  persons may express their views in                    Ahmed—Office of Information and
                                               EGRRCPA also amended the statutory                      writing on the standards enumerated in                Regulatory Affairs, Office of
                                               definition of ‘‘brokered deposits.’’ The                the BHC Act (12 U.S.C. 1842(c)). If the               Management and Budget, New
                                               current instructions for reporting                      proposal also involves the acquisition of             Executive Office Building, Room 10235,
                                               HVCRE and brokered deposits in the FR                   a nonbanking company, the review also                 725 17th Street NW, Washington, DC
                                               Y–9C are inconsistent with these                        includes whether the acquisition of the               20503 or by fax to (202) 395–6974.
                                               provisions of EGRRCPA.                                  nonbanking company complies with the                  SUPPLEMENTARY INFORMATION: On June
                                                 In order to avoid the regulatory                      standards in section 4 of the BHC Act                 15, 1984, OMB delegated to the Board
                                               burden associated with different                        (12 U.S.C. 1843). Unless otherwise                    authority under the Paperwork
                                               definitions for HVCRE exposures and                     noted, nonbanking activities will be                  Reduction Act (PRA) to temporarily
                                               brokered deposits within a single                       conducted throughout the United States.               approve a revision to a collection of
                                               organization, the Board has amended                       Unless otherwise noted, comments                    information without providing
                                               the FR Y–9C instructions to permit bank                 regarding each of these applications                  opportunity for public comment if the
                                               holding companies, savings and loan                     must be received at the Reserve Bank                  Board determines that a change in an
                                               holding companies, and intermediate                     indicated or the offices of the Board of              existing collection must be instituted
                                               holding companies of foreign banks to                   Governors not later than October 8,                   quickly and that public participation in
                                               report HVCRE and brokered deposits on                   2018.                                                 the approval process would defeat the
                                               the FR Y–9C report in a manner                            A. Federal Reserve Bank of Dallas
                                                                                                                                                             purpose of the collection or
                                               consistent with their subsidiary                        (Robert L. Triplett III, Senior Vice
                                                                                                                                                             substantially interfere with the Board’s
                                               depository institution(s).                              President) 2200 North Pearl Street,
                                                                                                       Dallas, Texas 75201–2272:                             ability to perform its statutory
                                                 In order for the FR Y–9C to reflect
                                                                                                         1. Veritex Holdings, Inc., Dallas,                  obligation.
                                               sections 202 and 214 of EGRRCPA,
                                                                                                       Texas; to acquire Green Bancorp, Inc.,                   The Board’s delegated authority
                                               which became effective immediately
                                                                                                       and thereby indirectly acquire Green                  requires that the Board, after
                                               when EGRRCPA was signed on May 24,
                                                                                                       Bank, National Association, both of                   temporarily approving a collection,
                                               2018, the Board cannot comply with the
                                                                                                       Houston, Texas.                                       publish a notice soliciting public
                                               normal clearance process and still
                                                                                                                                                             comment. The Board will publish a
                                               receive the June 30, 2018, financial data                 Board of Governors of the Federal Reserve           notice in the future inviting comment
                                               in a timely manner. Therefore, the                      System, September 7, 2018.
                                                                                                                                                             on these actions.
                                               Board has determined that the revisions                 Yao-Chin Chao,
                                                                                                                                                                Final approval under OMB delegated
                                               to the FR Y–9C described above must be                  Assistant Secretary of the Board.                     authority of the temporary revision of
                                               instituted quickly and public                           [FR Doc. 2018–19826 Filed 9–11–18; 8:45 am]           the following report:
                                               participation in the approval process                   BILLING CODE 6210–01–P                                   Report title: Complex Institution
                                               would substantially interfere with the
                                                                                                                                                             Liquidity Monitoring Report.
                                               Board’s ability to perform its statutory
                                                                                                                                                                Agency form number: FR 2052a.
                                               obligations arising from EGRRCPA.                       FEDERAL RESERVE SYSTEM                                   OMB control number: 7100–0361.
                                                 Board of Governors of the Federal Reserve                                                                      Effective Date: June 30, 2018.
                                               System, September 6, 2018.                              Agency Information Collection
                                                                                                       Activities: Announcement of Board                        Frequency: Monthly, and each
                                               Michele Taylor Fennell,                                                                                       business day (daily).
                                               Assistant Secretary of the Board.                       Approval Under Delegated Authority
                                                                                                                                                                Respondents: U.S. bank holding
                                               [FR Doc. 2018–19676 Filed 9–11–18; 8:45 am]             AGENCY:  Board of Governors of the                    companies (BHCs), U.S. savings and
                                               BILLING CODE 6210–01–P                                  Federal Reserve System.                               loan holding companies (SLHCs), and
                                                                                                       SUMMARY: Notice is hereby given of                    foreign banking organizations (FBOs)
                                                                                                       temporary approval of revisions to the                with U.S. assets.
                                               FEDERAL RESERVE SYSTEM                                  mandatory Complex Institution                            Estimated number of respondents:
                                                                                                       Liquidity Monitoring Report (FR 2052a;                Monthly, 40; Daily, 12.
                                               Formations of, Acquisitions by, and                     OMB No. 7100–0361) by the Board of                       Estimated average hours per response:
                                               Mergers of Bank Holding Companies                       Governors of the Federal Reserve                      Monthly, 120; Daily, 220.
                                                 The companies listed in this notice                   System (Board) pursuant to the                           Estimated annual burden hours:
                                               have applied to the Board for approval,                 authority delegated to the Board by the               717,600.
                                               pursuant to the Bank Holding Company                    Office of Management and Budget                          General description of report: The FR
                                               Act of 1956 (12 U.S.C. 1841 et seq.)                    (OMB), per OMB Regulations on                         2052a is used to monitor the overall
                                               (BHC Act), Regulation Y (12 CFR part                    Controlling Paperwork Burdens on the                  liquidity profile of institutions
                                               225), and all other applicable statutes                 Public. The temporary approval is valid               supervised by the Board. These data
                                               and regulations to become a bank                        until March 31, 2019.                                 provide detailed information on the
                                               holding company and/or to acquire the                   DATES: The revisions are applicable as of             liquidity risks within different business
                                               assets or the ownership of, control of, or              June 30, 2018.                                        lines (e.g., financing of securities
                                               the power to vote shares of a bank or                   FOR FURTHER INFORMATION CONTACT:                      positions, prime brokerage activities). In
                                               bank holding company and all of the                       Federal Reserve Board Clearance                     particular, these data serve as part of the
                                               banks and nonbanking companies                          Officer—Nuha Elmaghrabi—Office of                     Board’s supervisory surveillance
                                               owned by the bank holding company,                      the Chief Data Officer, Board of                      program in its liquidity risk
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                                               including the companies listed below.                   Governors of the Federal Reserve                      management area and provide timely
                                                 The applications listed below, as well                System, Washington, DC 20551, (202)                   information on firm-specific liquidity
                                               as other related filings required by the                452–3829. Telecommunications Device                   risks during periods of stress. Analyses
                                               Board, are available for immediate                      for the Deaf (TDD) users may contact                  of systemic and idiosyncratic liquidity
                                               inspection at the Federal Reserve Bank                  (202) 263–4869, Board of Governors of                 risk issues are then used to inform the
                                               indicated. The applications will also be                the Federal Reserve System,                           Board’s supervisory processes,
                                               available for inspection at the offices of              Washington, DC 20551.                                 including the preparation of analytical


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Document Created: 2018-09-12 02:07:18
Document Modified: 2018-09-12 02:07:18
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
ActionThe Economic Growth, Regulatory Relief, and Consumer Protection Action (EGRRCPA), enacted on May 24, 2018, amended various provisions of banking law to eliminate or reduce statutory and regulatory requirements on certain banking organizations. EGRRCPA, among other things, provides that state member banks and other depository institutions may only be required to assign a heightened risk weight to a ``high volatility commercial real estate'' (HVCRE) exposure if such exposure is an ``HVCRE ADC Loan,'' as defined in section 214 of EGRRCPA. Section 202 of EGRRCPA also amended the statutory definition of ``brokered deposits.'' The current instructions for reporting HVCRE and brokered deposits in the FR Y-9C are inconsistent with these provisions of EGRRCPA.
DatesThe revisions are applicable as of June 30, 2018.
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 46162 

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