[Federal Register Volume 79, Number 72 (Tuesday, April 15, 2014)]
[Notices]
[Pages 21243-21246]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-08528]


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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 proposed 
information collections 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--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,

[[Page 21244]]

725 17th Street NW.,Washington, DC 20503.
    Final approval under OMB delegated authority of the extension for 
three years, with revision, of the following reports:
    1. Report title: Consolidated Financial Statements for Holding 
Companies.
    Agency form number: FR Y-9C.
    OMB control number: 7100-0128.
    Frequency: Quarterly.
    Reporters: Holding companies (HCs).
    Estimated annual reporting hours: FR Y-9C (non Advanced Approaches 
HCs): 220,366 hours; FR Y-9C (Advanced Approaches Bank Holding 
Companies (BHCs)): 2,404 hours.
    Estimated average hours per response: FR Y-9C (non Advanced 
Approaches HCs): 48.84 hours; FR Y-9C (Advanced Approaches BHCs): 50.09 
hours.
    Number of respondents: FR Y-9C (non Advanced Approaches HCs): 
1,128; FR Y-9C (Advanced Approaches BHCs): 12.
    General description of report: This information collection is 
authorized pursuant by Section 5(c) of the Bank Holding Company Act [12 
U.S.C. 1844(c)]. In addition, 12 U.S.C. 1467a(b)(2)(A) and 
1850a(c)(1)(A) authorize the Federal Reserve to require that SLHCs and 
supervised securities holding companies also file the FR Y-9 series of 
reports with the Federal Reserve. Overall, the Federal Reserve does not 
consider the financial data in these reports to be confidential. 
However, a respondent may request confidential treatment pursuant to 
sections (b)(4), (b)(6), and (b)(8) of the Freedom of Information Act 
(FOIA) (5 U.S.C. 552(b)(4), (b)(6), and (b)(8)). The applicability of 
these exemptions would need to be reviewed on a case by case basis.
    Abstract: The FR Y-9 family of reporting forms continues to be the 
primary source of financial data on HCs that examiners rely on in the 
intervals between on-site inspections and off-site assessments through 
the Small Bank Holding Company Supervision Program. Financial data from 
these reporting forms are used to detect emerging financial problems, 
to review performance and conduct pre-inspection analysis, to monitor 
and evaluate capital adequacy, to evaluate HC mergers and acquisitions, 
and to analyze an HC's overall financial condition to ensure the safety 
and soundness of its operations.
    The FR Y-9C consists of standardized financial statements similar 
to the Federal Financial Institutions Examination Council (FFIEC) 
Consolidated Reports of Condition and Income (Call Reports) (FFIEC 031 
& 041; OMB No. 7100-0036) filed by commercial banks. It collects 
consolidated data from HCs, and is filed by top-tier HCs with total 
consolidated assets of $500 million or more.\1\
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    \1\ Under certain circumstances described in the General 
Instructions, HCs with assets under $500 million may be required to 
file the FR Y-9C.
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    Current actions: On January 28, 2014, the Federal Reserve published 
a notice in the Federal Register (79 FR 4468) requesting public comment 
for 60 days on the extension, with revision, of the FR Y-9C. The 
comment period for this notice expired on March 31, 2014. The Federal 
Reserve did not receive any comments. The revision will be implemented 
as proposed.
    2. Report title: Payments Systems Surveys: Ad Hoc Payments Systems 
Survey (FR 3054a) and the Currency Functionality Survey (FR 3054d).
    Agency form numbers: FR 3054a and FR 3054d.
    OMB control number: 7100-0332.
    Frequency: On occasion and annually.
    Reporters: Financial, institutions (or depository institutions), 
individuals, law enforcement and nonfinancial businesses (banknote 
equipment manufacturers, or global wholesale bank note dealers).
    Estimated annual reporting hours: 11,500 hours.
    Estimated average hours per response: FR 3054a: 0.75 hours; FR 
3054d: 2.5 hours.
    Number of respondents: FR 3054a: 12,000; and FR 3054d: 250.
    General description of report: This information collection is 
authorized pursuant to Section 11(d) of the Federal Reserve Act (12 
U.S.C. 248(d)). The obligation to respond to the FR 3054a and FR 3054d 
is voluntary. Because survey questions may differ from survey to 
survey, it is difficult to determine whether the information collected 
will be considered confidential. However, information may be exempt 
from disclosure under exemption 4 of the FOIA, 5 U.S.C. 552(b)(4), if 
disclosure would likely have the effect of (1) impairing the 
government's ability to obtain the necessary information in the future, 
or (2) causing substantial harm to the competitive position of the 
respondent. Additionally, should survey responses contain any 
information of a private nature the disclosure of which would 
constitute ``a clearly unwarranted invasion of personal privacy,'' such 
information may be exempt from disclosure under exemption 6, 5 U.S.C. 
552(b)(6). Confidentiality matters should be treated on a case-by-case 
basis to determine if any of the above exemptions apply.
    Abstract: The FR 3054a is an event-driven survey used to obtain 
information specifically tailored to the Federal Reserve's operational 
and fiscal agency responsibilities. The FR 3054a may be conducted 
independently by the Federal Reserve or jointly with another government 
agency, a Reserve Bank, or a private firm. The FR 3054d is an annual 
survey used to assess the functionality of Federal Reserve notes in 
banknote handling equipment. The data collected from the FR 3054d are 
used as inputs for future designs of Federal Reserve notes. The FR 
3054d may be conducted jointly with the U.S. Treasury's Bureau of 
Engraving and Printing, and the CTO.
    Current actions: On January 28, 2014, the Federal Reserve published 
a notice in the Federal Register (79 FR 4468) requesting public comment 
for 60 days on the extension, with revision, of the FR 3054a and FR 
3054d. The comment period for this notice expired on March 31, 2014. 
The Federal Reserve did not receive any comments. The revision will be 
implemented as proposed.
    Proposal to approve under OMB delegated authority the extension for 
three years, without revision, of the following reports:
    1. Report title: Annual Daylight Overdraft Capital Report for U.S. 
Branches and Agencies of Foreign Banks.
    Agency form number: FR 2225.
    OMB control number: 7100-0216.
    Frequency: Annually.
    Reporters: Foreign banking organizations (FBO).
    Estimated annual reporting hours: 51 hours.
    Estimated average hours per response: 1 hour.
    Number of respondents: 51.
    General description of report: This information collection is 
authorized pursuant by sections 11(i), 16, and 19(f) of the Federal 
Reserve Act (12 U.S.C. 248(i), 248-1 and 464). An FBO is required to 
respond in order to obtain or retain a benefit, i.e., in order for the 
U.S. branch or agency of an FBO to establish and maintain a non-zero 
net debit cap. The information submitted by respondents is not 
confidential; however, respondents may request confidential treatment 
for portions of the report. Data may be considered confidential and 
exempt from disclosure under section (b)(4) of the FOIA if it 
constitutes commercial or financial information and public disclosure 
could result in substantial competitive harm to the submitting 
institution (5 U.S.C. 552(b)(4)).
    Abstract: This report was implemented in March 1986 as part of

[[Page 21245]]

the procedures used to administer the Federal Reserve's Payment System 
Risk (PSR) policy. A key component of the PSR policy is a limit, or a 
net debit cap, on an institution's negative intraday balance in its 
Reserve Bank account. The Federal Reserve calculates an institution's 
net debit cap by applying the multiple associated with the net debit 
cap category to the institution's capital. For FBOs, a percentage of 
the FBO's capital measure, known as the U.S. capital equivalency, is 
used to calculate the FBO's net debit cap. FBOs that wish to establish 
a positive net debit cap and have a strength of support assessment 
(SOSA) 1 or SOSA 2 ranking or hold a financial holding company (FHC) 
designation are required to submit the FR 2225 to their Administrative 
Reserve Bank (ARB).2,3
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    \2\ The Administrative Reserve Bank is responsible for managing 
an institution's account relationship with the Federal Reserve.
    \3\ Most FBOs that are ranked SOSA 3 do not qualify for a 
positive net debit cap. In the event a Reserve Bank grants a net 
debit cap or extends intraday credit to a financially healthy SOSA 
3-ranked FBO, the financially healthy SOSA 3-ranked FBOs will have 
their U.S. capital equivalency based on their ``Net due to related 
depository institutions'' as reported on the Report of Assets and 
Liabilities of U.S. Branches and Agencies of Foreign Banks (FFIEC 
002), Schedule RAL, Item 5.a, Column A, for the most recent quarter.
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    Current Actions: On January 28, 2014, the Federal Reserve published 
a notice in the Federal Register (79 FR 4468) requesting public comment 
for 60 days on the extension, without revision, of the FR 2225. The 
comment period for this notice expired on March 31, 2014. The Federal 
Reserve did not receive any comments.
    2. Report title: Report of Net Debit Cap.
    Agency form number: FR 2226.
    OMB control number: 7100-0217.
    Frequency: Annually.
    Reporters: Depository institution's board of directors.
    Estimated annual reporting hours: 1,158 hours.
    Estimated average hours per response: 1 hour.
    Number of respondents: De Minimis Cap: 1,016; Self-Assessment Cap: 
\4\ 139; Maximum Daylight Overdraft Capacity: 3.
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    \4\ Self-assessment cap figures do not include those self-
assessed cap respondents with maximum daylight overdraft capacity.
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    General description of report: This information collection is 
authorized pursuant to sections 11, 16, and 19 of the Federal Reserve 
Act (12 U.S.C. 248(i), 248-1 and 464) authorize the Board to require 
the FR 2226 resolutions. Disclosure of information collected on the FR 
2226 would likely cause substantial harm to the competitive position of 
the respondent institution. Therefore, the FR 2226 is exempt from 
disclosure under exemption (b)(4) of the FOIA, 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)). In addition, information reported in connection with the 
second and third resolutions may be protected under section (b)(8) of 
FOIA, to the extent that such information is based on the institution's 
CAMELS rating, and thus is related to examination 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)).
    Abstract: Federal Reserve Banks collect these data annually to 
provide information that is essential for their administration of the 
Federal Reserve's PSR policy. The reporting panel includes the subset 
of financially healthy depository institutions with access to the 
discount window that opt to request a De minis of self-assessed cap 
under the PSR Policy. The Report of Net Debit Cap comprises three 
resolutions, which are filed by a depository institution's board of 
directors depending on its needs. The first resolution is used to 
establish a de minimis net debit cap and the second resolution is used 
to establish a self-assessed net debit cap.\5\ The third resolution is 
used to establish simultaneously a self-assessed net debit cap and 
maximum daylight overdraft capacity. The PSR policy requires depository 
institutions to submit their resolutions annually, as of the date of 
the board of directors' approved resolution(s).
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    \5\ Institutions use these two resolutions to establish a 
capacity for daylight overdrafts above the lesser of $10 million or 
20 percent of the institution's capital measure. Financially healthy 
U.S. chartered institutions that rarely incur daylight overdrafts in 
excess of the lesser of $10 million or 20 percent of the 
institution's capital measure do not need to file board of 
directors' resolutions or self-assessments with their Reserve Bank.
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    Current Actions: On January 28, 2014, the Federal Reserve published 
a notice in the Federal Register (79 FR 4468) requesting public comment 
for 60 days on the extension, without revision, of the FR 2226. The 
comment period for this notice expired on March 31, 2014. The Federal 
Reserve did not receive any comments.
    3. Report title: The Parent Company Only Financial Statements for 
Large Holding Companies (FR Y-9LP), the Parent Company Only Financial 
Statements for Small Holding Companies (FR Y-9SP), the Financial 
Statements for Employee Stock Ownership Plan Holding Companies (FR Y-
9ES), the Supplement to the Consolidated Financial Statements for 
Holding Companies (FR Y-9CS).
    Agency form number: FR Y-9LP, FR Y-9SP, FR Y-9ES, FR-9CS.
    OMB control number: 7100-0128.
    Frequency: Quarterly, semi-annually, annually, and quarterly.
    Reporters: Holding companies.
    Estimated annual reporting hours: FR Y-9LP: 29,148 hours; FR Y-9SP 
(BHCs): 41,008 hours; FR Y-9SP (Savings and Loan Holding Companies 
(SLHCs)): 8,435 hours; FR Y-9SP (SLHCs one-time implementation): 
148,500; \6\ FR Y-9ES: 43 hours; FR-9CS: 472 hours.
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    \6\ Subsequent to initial Federal Register notice of January 28, 
2014 (78 FR 4468), the Federal Reserve received approval to revise 
the FR Y-C and FR Y-9SP consistent with the regulatory capital rules 
approved by the Board of Governors on July 2, 2013. This revision 
resulted in a one-time implementation cost of 500 hours per 
respondent with a total increase of 148,500 hours for the FR Y-9SP.
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    Estimated average hours per response: FR Y-9LP: 5.25 hours; FR Y-
9SP (BHCs): 5.40 hours; FR Y-9SP (SLHCs): 14.20 hours; FR Y-9SP (SLHCs 
one-time implementation) 500 hours; \6\ FR Y-9ES: 0.50 hours; FR-9CS: 
0.50 hours.
    Number of respondents FR Y-9LP: 1,388; FR Y-9SP (BHCs): 3,797; FR 
Y-9SP (SLHCs): 297; FR Y-9ES: 86; FR-9CS: 236.
    General description of report: This information collection is 
authorized pursuant by Section 5(c) of the Bank Holding Company Act [12 
U.S.C. 1844(c)]. In addition, 12 U.S.C. 1467a(b)(2)(A) and 
1850a(c)(1)(A) authorize the Federal Reserve to require that SLHCs and 
supervised securities holding companies also file the FR Y-9 series of 
reports with the Federal Reserve. Overall, the Federal Reserve does not 
consider the financial data in these reports to be confidential. 
However, a respondent may request confidential treatment pursuant to 
sections (b)(4), (b)(6), and (b)(8) of the Freedom of Information Act 
(FOIA) (5 U.S.C. 552(b)(4), (b)(6), and (b)(8)). The applicability of 
these exemptions would need to be reviewed on a case by case basis.
    Abstract: The FR Y-9LP and FR Y-9SP serve as standardized financial 
statements for the consolidated HC and its parent; the FR Y-9ES is a 
financial statement for HCs that are Employee Stock Ownership Plans 
(ESOPs). The Board also has the authority to use the FR Y-9CS (a free-
form supplement) to collect additional information deemed to be (1) 
critical and (2) needed in an expedited manner.

[[Page 21246]]

    The FR Y-9 family of reporting forms continues to be the primary 
source of financial data on HCs that examiners rely on in the intervals 
between on-site inspections and off-site assessments through the Small 
Bank Holding Company Supervision Program. Financial data from these 
reporting forms are used to detect emerging financial problems, to 
review performance and conduct pre-inspection analysis, to monitor and 
evaluate capital adequacy, to evaluate HC mergers and acquisitions, and 
to analyze an HC's overall financial condition to ensure the safety and 
soundness of its operations.
    Current Actions: On January 28, 2014, the Federal Reserve published 
a notice in the Federal Register (79 FR 4468) requesting public comment 
for 60 days on the extension, without revision, of the FR Y-9LP, FR Y-
9SP, FR Y-9ES, and FR Y-9CS. The comment period for this notice expired 
on March 31, 2014. The Federal Reserve did not receive any comments.
    4. Report title: Payments Systems Surveys: Currency Quality 
Sampling Survey (FR 3054b) and the Currency Quality Survey (FR 3054c).
    Agency form numbers: FR 3054b and FR 3054c.
    OMB control number: 7100-0332.
    Frequency: Annually and semi-annually.
    Reporters: Financial, institutions (or depository institutions) 
individuals, law enforcement and nonfinancial businesses (banknote 
equipment manufacturers, or global wholesale bank note dealers).
    Estimated annual reporting hours: 1,590 hours.
    Estimated average hours per response: FR 3054b: 0.5 hours and FR 
3054c: 30 hours.
    Number of respondents: FR 3054b: 180 and FR 3054c: 25.
    General description of report: This information collection is 
authorized pursuant to Section 11(d) of the Federal Reserve Act (12 
U.S.C. Sec.  248(d)). The obligation to respond to the FR 3054b and FR 
3054c is voluntary. Because survey questions may differ from survey to 
survey, it is difficult to determine whether the information collected 
will be considered confidential. However, information may be exempt 
from disclosure under exemption 4 of the Freedom of Information Act, 5 
U.S.C. 552(b)(4), if disclosure would likely have the effect of (1) 
impairing the government's ability to obtain the necessary information 
in the future, or (2) causing substantial harm to the competitive 
position of the respondent. Additionally, should survey responses 
contain any information of a private nature the disclosure of which 
would constitute ``a clearly unwarranted invasion of personal 
privacy,'' such information may be exempt from disclosure under 
exemption 6, 5 U.S.C. 552(b)(6). Confidentiality matters should be 
treated on a case-by-case basis to determine if any of the above 
exemptions apply.
    Abstract: The FR 3054b is an annual survey used to assess the 
quality of currency in circulation and may be conducted by the Federal 
Reserve, jointly with the Federal Reserve Bank of San Francisco's Cash 
Product Office (CPO), the Federal Reserve Bank of Richmond's Currency 
Technology Office (CTO), and each Reserve Bank's cash department. The 
FR 3054c is a semi-annual survey used to determine depository 
institutions' and Banknote Equipment Manufacturers' opinions of 
currency quality and may be conducted jointly with the CPO and CTO.
    Current Actions: On January 28, 2014, the Federal Reserve published 
a notice in the Federal Register (79 FR 4468) requesting public comment 
for 60 days on the extension, without revision, of the FR 3064b and FR 
3054c. The comment period for this notice expired on March 31, 2014. 
The Federal Reserve did not receive any comments.

    Board of Governors of the Federal Reserve System, April 10, 
2014.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2014-08528 Filed 4-14-14; 8:45 am]
BILLING CODE 6210-01-P