[Federal Register Volume 77, Number 232 (Monday, December 3, 2012)]
[Notices]
[Page 71592]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-29102]


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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: Notice is hereby given of the final approval of a proposed 
information collection by the Board of Governors of the Federal Reserve 
System (Board) under OMB delegated authority, as per 5 CFR 1320.16 (OMB 
Regulations on Controlling Paperwork Burdens on the Public). 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 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.

FOR FURTHER INFORMATION CONTACT: 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.
    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.
    Final approval under OMB delegated authority of the extension for 
three years, without revision of the following report:
    1. 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. 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 
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 the Federal Reserve to monitor an FHC's 
activity between review dates. These data also serve as an early 
warning mechanism to identify FHCs whose activities in this area are 
growing rapidly and therefore warrant special supervisory attention.
    Current Actions: On September 21, 2012, the Federal Reserve 
published a notice in the Federal Register (77 FR 58556) requesting 
public comment for 60 days on the extension, without revision, of the 
FR Y-12 and FR Y-12A. The comment period for this notice expired on 
November 20, 2012. The Federal Reserve did not receive any comments.

    Board of Governors of the Federal Reserve System, November 28, 
2012.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2012-29102 Filed 11-30-12; 8:45 am]
BILLING CODE 6210-01-P