[Federal Register Volume 66, Number 94 (Tuesday, May 15, 2001)]
[Notices]
[Page 26855]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-12168]


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FEDERAL RESERVE SYSTEM


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

    In notice document 00-32911, beginning on page 81864, in the issue 
of Wednesday, December 27, 2000, the Federal Reserve discussed 
revisions to its structure reporting requirements for both domestic and 
foreign banking organizations. This notice listed the implementation 
date for the new event-generated structure reports, the Report of 
Changes in Organizational Structure and the Report of Changes in FBO 
Organizational Structure (FR Y-10 and FR Y-10F; OMB No. 7100-0297), as 
June 1, 2001. The Federal Reserve has postponed the implementation date 
for these new forms to September 1, 2001, to allow institutions more 
time to prepare their systems for these reporting changes. For all 
event-generated structure reports filed prior to September 1, 2001, 
institutions should continue using the Changes in Investments and 
Activities of Top-Tier Financial Holding Companies, Bank Holding 
Companies, and State Member Banks (FR Y-6A; OMB No. 7100-0124) and the 
Foreign Banking Organization Structure Report on U.S. Banking and 
Nonbanking Activities (FR Y-7A; OMB No. 7100-0125). For reports that 
represent transactions occurring prior to September 1 and that are 
filed after September 1, institutions may use either the current or the 
new forms. For reports representing transactions that occur after 
September 1, institutions must use the new FR Y-10 and FR Y-10F 
reporting forms.
    The Federal Reserve has also postponed the discontinuance of the 
Changes in Foreign Investments Made Pursuant to Regulation K (FR 2064; 
OMB No. 7100-0109) until September 1, 2001. The implementation date for 
revisions to the Annual Report of Bank Holding Companies (FR Y-6; OMB 
No. 7100-0124) and the Annual Report of Foreign Banking Organizations 
(FR Y-7; OMB No. 7100-0125) remains December 31, 2001.
    In addition, the Federal Reserve will offer a new Internet-based 
tool to facilitate filing the FR Y-10 and FR Y-10F. This Internet-based 
tool will be available on September 1 for the FR Y-10 and in early 2002 
for the FR Y-10F. Institutions will receive detailed information about 
this new online tool from their Reserve Banks closer to the 
implementation date.
    The Federal Reserve will post the new FR Y-10 and FR Y-10F forms on 
the Board's public web site during the week of May 14, 2001, at http://www.federalreserve.gov/ under the section for Reporting Forms and then 
under Information collections under review. The FR Y-6 and FR Y-7 forms 
will be posted on this site later this year.

FOR FURTHER INFORMATION CONTACT: Federal Reserve Board Clearance 
Officer--Mary M. West--Division of Research and Statistics, Board of 
Governors of the Federal Reserve System, Washington, DC 20551 (202-452-
3829).

    Board of Governors of the Federal Reserve System, May 9, 2001.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 01-12168 Filed 5-14-01; 8:45 am]
BILLING CODE 6210-01-P