[Federal Register Volume 77, Number 184 (Friday, September 21, 2012)]
[Notices]
[Pages 58556-58557]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-23268]


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FEDERAL RESERVE SYSTEM


Proposed Agency Information Collection Activities; Comment 
Request

AGENCY: Board of Governors of the Federal Reserve System.

SUMMARY: On June 15, 1984, the Office of Management and Budget (OMB) 
delegated to the Board of Governors of the Federal Reserve System 
(Board) its approval authority under the Paperwork Reduction Act (PRA), 
pursuant to 5 CFR 1320.16, to approve of and assign OMB control numbers 
to collection of information requests and requirements conducted or 
sponsored by the Board under conditions set forth in 5 CFR part 1320 
Appendix A.1. 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 instruments are placed into OMB's public docket files. The 
Federal Reserve 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.

DATES: Comments must be submitted on or before November 20, 2012.

ADDRESSES: You may submit comments, identified by FR Y-12 or FR Y-12A, 
by any of the following methods:
     Agency Web Site: http://www.federalreserve.gov. Follow the 
instructions for submitting comments at http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm.
     Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments.
     Email: [email protected]. Include OMB 
number in the subject line of the message.
     Fax: (202) 452-3819 or (202) 452-3102.
     Mail: Robert deV. Frierson, 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 web site at 
www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm 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 MP-
500 of the Board's Martin Building (20th and C Streets, NW.) between 9 
a.m. and 5 p.m. on weekdays.
    Additionally, commenters may send a copy of their comments to the 
OMB Desk Officer--Shagufta Ahmed--Office of Information and Regulatory 
Affairs, Office of Management and Budget, New Executive Office 
Building, Room 10235 725 17th Street, NW., Washington, DC 20503 or by 
fax to (202) 395-6974.

FOR FURTHER INFORMATION CONTACT: A copy of the PRA OMB submission, 
including the proposed reporting form and instructions, supporting 
statement, and other documentation will be placed into OMB's public 
docket files, once approved. These documents will also be made 
available on the Federal Reserve Board's public Web site at: http://www.federalreserve.gov/boarddocs/reportforms/review.cfm or may be 
requested from the agency clearance officer, whose name appears below.
    Federal Reserve Board Clearance Officer--Cynthia Ayouch--Division 
of Research and Statistics, 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:

Request for Comment on Information Collection Proposal(s)

    The following information collection, which is being handled under 
this delegated authority, has received initial Board approval and is 
hereby published for comment. At the end of the comment period, the 
proposed information collection, along with an analysis of comments and 
recommendations received, will be submitted to the Board for final 
approval under OMB delegated authority. 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 start up costs and costs of operation, 
maintenance, and purchase of services to provide information.

Proposal to Approve Under OMB Delegated Authority the Extension for 
Three Years, Without Revision, the Following Reports

    Report title: Consolidated Bank Holding Company Report of Equity 
Investments in Nonfinancial Companies, and the Annual Report of 
Merchant Banking Investments Held for an Extended Period.
    Agency form number: FR Y-12, FR Y12A, respectively.
    OMB control number: 7100-0300.
    Frequency: FR Y-12: quarterly or semi-annually, FR Y-12A: annually.
    Reporters: Bank holding companies (BHCs), financial holding 
companies (FHCs) and savings and loan holding companies (SLHCs).
    Estimated annual reporting hours: FR Y-12: 2,112 hours, FR Y-12A: 
126 hours.
    Estimated average hours per response: FR Y-12: 16.5 hours, FR Y-
12A: 7 hours.
    Number of respondents: FR Y-12: 34, FR Y-12A: 18.
    General description of report: This collection of information is 
mandatory pursuant to Section 5(c) of the Bank Holding Company Act (12 
U.S.C.

[[Page 58557]]

1844(c)) and Section 10 of the Home Owners Loan Act (12 U.S.C. 
1467a(b)). The FR Y-12 data are not considered confidential, however, a 
BHC or SLHC may request confidential treatment pursuant to Sections 
(b)(4) of the Freedom of Information Act (FOIA) (5 U.S.C. 552(b)(4)). 
The FR Y-12A data are considered confidential pursuant to sections 
(b)(4) and (b)(8) of the Freedom of Information Act (5 U.S.C. 552(b)(4) 
and (b)(8)).
    Abstract: The FR Y-12 collects information from certain domestic 
BHCs and SLHCs on their equity investments in nonfinancial companies on 
four schedules: Type of Investments, Type of Security, Type of Entity 
within the Banking Organization, and Nonfinancial Investment 
Transactions during Reporting Period. The FR Y-12A collects data from 
financial holding companies (FHCs) which hold merchant banking 
investments that are approaching the end of the holding period 
permissible under Regulation Y. These data serve as an important risk-
monitoring device for FHCs active in this business line by allowing 
supervisory staff to monitor an FHC's activity between review dates. 
They also serve as an early warning mechanism to identify FHCs whose 
activities in this area are growing rapidly and therefore warrant 
special supervisory attention.

    Board of Governors of the Federal Reserve System, September 17, 
2012.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2012-23268 Filed 9-20-12; 8:45 am]
BILLING CODE 6210-01-P