[Federal Register Volume 81, Number 24 (Friday, February 5, 2016)]
[Notices]
[Pages 6265-6270]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-02230]


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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 or Federal Reserve) its approval authority under the Paperwork 
Reduction Act (PRA) to approve of and assign OMB control numbers to 
collection of information requests and requirements conducted or 
sponsored by the Board. 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 April 5, 2016.

ADDRESSES: You may submit comments, identified by IHC Reporting 
Requirements, by any of the following methods:
     Agency Web site: http://www.federalreserve.gov. Follow the 
instructions for submitting comments at http://www.federalreserve.gov/apps/foia/proposedregs.aspx.
     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 
http://www.federalreserve.gov/apps/foia/proposedregs.aspx 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 
3515, 1801 K Street (between 18th and 19th Streets NW.) Washington, DC 
20006 between 9:00 a.m. and 5:00 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 Board's public Web site at: http://www.federalreserve.gov/apps/reportforms/review.aspx or may be requested 
from the agency clearance officer, whose name appears below.
    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.

SUPPLEMENTARY INFORMATION:

Request for Comment on Information Collection Proposals

    The following information collections, which are being handled 
under this delegated authority, have received initial Board approval 
and are hereby published for comment. At the end of the comment period, 
the proposed information collections, 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 revision, 
without extension, of the following reports:
    1. Report title: Consolidated Financial Statements for Holding 
Companies, Parent Company Only Financial Statements for Large Holding 
Companies, Parent Company Only Financial Statements for Small Holding 
Companies, Financial Statements for Employee Stock Ownership Plan 
Holding Companies.\1\
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    \1\ The family of FR Y-9 reporting forms also contains 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), and the Supplement to the 
Consolidated Financial Statements for Holding Companies (FR Y-9CS) 
which are not being revised.
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    Agency form number: FR Y-9C, FR Y-9LP.
    OMB control number: 7100-0128.
    Frequency: Quarterly, annually.
    Reporters: Bank holding companies (BHCs), savings and loan holding 
companies (SLHCs), securities holding companies (SHCs), and U.S. 
intermediate holding companies (IHCs), (collectively, ``holding 
companies'').
    Estimated annual reporting hours: FR Y-9C (non-Advanced Approaches 
HCs or other respondents): 131,777 hours; FR Y-9C (Advanced Approaches 
HCs or other respondents): 2,500 hours; FR Y-9LP: 17,262 hours.
    Estimated average hours per response: FR Y-9C (non-Advanced 
Approaches HCs or other respondents): 50.84 hours; FR Y-9C (Advanced 
Approaches HCs or other respondents): 52.09 hours; FR Y-9LP: 5.25 
hours.
    Number of respondents: FR Y-9C (non-Advanced Approaches HCs or

[[Page 6266]]

other respondents): 648; FR Y-9C (Advanced Approaches HCs or other 
respondents): 12; FR Y-9LP: 822.
    General description of report: This information collection is 
mandatory pursuant to section 5(c) of the BHC Act (12 U.S.C. 1844(c)), 
section 10 of Home Owners' Loan Act (HOLA) (12 U.S.C. 1467a(b)), 12 
U.S.C. 1850a(c)(1), section 165 of the Dodd-Frank Act (12 U.S.C. 5365), 
and section 252.153(b)(2) of Regulation YY (12 CFR 252.153(b)(2)). 
Confidential treatment is not routinely given to the financial data in 
this report. However, confidential treatment for the reporting 
information, in whole or in part, can be requested in accordance with 
the instructions to the form, pursuant to sections (b)(4), (b)(6), or 
(b)(8) of the Freedom of Information Act (FOIA) (5 U.S.C. 522(b)(4), 
(b)(6), and (b)(8)).
    Abstract: Pursuant to the Bank Holding Company Act of 1956, as 
amended, and HOLA, the Federal Reserve requires HCs to provide 
standardized financial statements to fulfill the Federal Reserve's 
statutory obligation to supervise these organizations. HCs file the FR 
Y-9C and FR Y-9LP quarterly, the FR Y-9SP semiannually, and the FR Y-
9ES annually.
    2. Report title: Financial Statements of U.S. Nonbank Subsidiaries 
of U.S. Holding Companies and the Abbreviated Financial Statements of 
U.S. Nonbank Subsidiaries of U.S. Holding Companies.
    Agency form number: FR Y-11, FR Y-11S.
    OMB control number: 7100-0244.
    Frequency: Quarterly and annually.
    Reporters: Holding companies.
    Estimated annual reporting hours: FR Y-11 (quarterly): 19,502; FR 
Y-11 (annual): 2,258; FR Y-11S: 473.
    Estimated average hours per response: FR Y-11 (quarterly): 6.8; FR 
Y-11 (annual): 6.8; FR Y-11S: 1.
    Number of respondents: FR Y-11 (quarterly): 717; FR Y-11 (annual): 
332; FR Y-11S: 473.
    General description of report: This information collection is 
mandatory pursuant to section 5(c) of the BHC Act (12 U.S.C. 1844(c)), 
section 10 of Home Owners' Loan Act (HOLA) (12 U.S.C. 1467a(b)), 12 
U.S.C. 1850a(c)(1), section 165 of the Dodd-Frank Act (12 U.S.C. 5365), 
and section 252.153(b)(2) of Regulation YY (12 CFR 252.153(b)(2)). 
Overall, the Federal Reserve does not consider these data 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 (5 U.S.C. 552(b)(4), (b)(6), (b)(8)). The applicability 
of these exemptions would need to be determined on a case-by-case 
basis.
    Abstract: The FR Y-11 reporting forms collect financial information 
for individual non-functionally regulated U.S. nonbank subsidiaries of 
domestic holding companies (i.e., bank holding companies, savings and 
loan holding companies, and securities holding companies). Holding 
companies file the FR Y-11 on a quarterly or annual basis or the FR Y-
11S annually predominantly based on asset size thresholds, and for the 
FR Y-11S, based on an additional threshold related to the percentage of 
consolidated assets of the top-tier organization. The FR Y-11 data are 
used with other holding company data to assess the condition of holding 
companies that are heavily engaged in nonbanking activities and to 
monitor the volume, nature, and condition of their nonbanking 
operations.
    3. Report title: Financial Statements of Foreign Subsidiaries of 
U.S. Banking Organizations and the Abbreviated Financial Statements of 
Foreign Subsidiaries of U.S. Banking Organizations.
    Agency form number: FR 2314 and FR 2314S.
    OMB control number: 7100-0073.
    Frequency: Quarterly and semiannually.
    Reporters: U.S. state member banks, holding companies, Edge or 
agreement corporations, and U.S. intermediate holding companies (IHCs).
    Estimated annual reporting hours: FR 2314 (quarterly): 18,427; FR 
2314 (annual): 2,640; FR 2314S: 480.
    Estimated average hours per response: FR 2314 (quarterly): 6.6; FR 
2314 (annual): 6.6; FR 2314S: 1.
    Number of respondents: FR 2314 (quarterly): 698; FR 2314 (annual): 
400; FR 2314S: 480.
    General description of report: This information collection is 
mandatory pursuant to 12 U.S.C. 324, 602, 625, 1844(c), 1467a(b), 
section 165 of the Dodd-Frank Act (12 U.S.C. 5365), and section 
252.153(b)(2) of Regulation YY (12 CFR 252.153(b)(2)). Overall, the 
Federal Reserve does not consider these data 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 
(5 U.S.C. 552(b)(4), (b)(6), (b)(8)). The applicability of these 
exemptions would need to be determined on a case-by-case basis.
    Abstract: The FR 2314 reporting forms collect financial information 
for non-functionally regulated direct or indirect foreign subsidiaries 
of U.S. state member banks (SMBs), Edge and agreement corporations, and 
holding companies (i.e., bank holding companies, savings and loan 
holding companies, and securities holding companies). Parent 
organizations (SMBs, Edge and agreement corporations, or holding 
companies) file the FR 2314 on a quarterly or annual basis or the FR 
2314S annually based predominantly on asset size thresholds, and for 
the FR 2314S, based on an additional threshold related to the 
percentage of consolidated assets of the top-tier organization. The FR 
2314 data are used to identify current and potential problems at the 
foreign subsidiaries of U.S. parent companies, to monitor the 
activities of U.S. banking organizations \2\ in specific countries, and 
to develop a better understanding of activities within the industry, in 
general, and of individual institutions, in particular.
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    \2\ For purposes of this notice, banking organizations include 
bank holding companies, savings and loan holding companies, and 
state member banks that are subject to the market risk rule.
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    4. 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 and FR Y-12A.
    OMB control number: 7100-0300.
    Frequency: Quarterly, semi-annually, and annually.
    Reporters: Bank holding companies (BHCs), financial holding 
companies (FHCs), U.S. intermediate holding companies (IHCs), and 
savings and loan holding companies (SLHCs).
    Estimated annual reporting hours: FR Y-12 Initial: 1,716 hours, FR 
Y-12 Ongoing: 2,508 hours, FR Y-12A Initial: 182 hours, FR Y-12A 
Ongoing: 224 hours.
    Estimated average hours per response: FR Y-12 Initial: 33 hours, FR 
Y-12 Ongoing: 16.5 hours, FR Y-12A Initial: 14 hours, FR Y-12A Ongoing: 
7 hours.
    Number of respondents: FR Y-12 Initial: 13, FR Y-12 Ongoing: 41 FR 
Y-12A Initial: 13, FR Y-12A Ongoing: 32.
    General description of report: This collection of information is 
mandatory pursuant to section 5(c) of the BHC Act (12 U.S.C. 1844(c)), 
section 10 of HOLA (12 U.S.C. 1467a(b)), section 165 of the Dodd-Frank 
Act (12 U.S.C. 5365), and section 252.153(b)(2) of Regulation YY (12 
CFR 252.153(b)(2)). 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.

[[Page 6267]]

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.
    5. Report title: Capital Assessments and Stress Testing information 
collection.
    Agency form number: FR Y-14A/Q/M.
    OMB control number: 7100-0341.
    Frequency: Annually, semi-annually, quarterly, and monthly.
    Reporters: Any top-tier bank holding company (BHC), and U.S. 
intermediate holding companies (IHC), (other than an FBO), that has $50 
billion or more in total consolidated assets, as determined based on: 
(i) The average of the BHC's or IHC's total consolidated assets in the 
four most recent quarters as reported quarterly on the BHC's or IHC's 
Consolidated Financial Statements for Bank Holding Companies (FR Y-9C) 
(OMB No. 7100-0128); or (ii) the average of the BHC's or IHC's total 
consolidated assets in the most recent consecutive quarters as reported 
quarterly on the BHC's or IHC's FR Y-9Cs, if the BHC or IHC has not 
filed an FR Y-9C for each of the most recent four quarters. Reporting 
is required as of the first day of the quarter immediately following 
the quarter in which it meets this asset threshold, unless otherwise 
directed by the Federal Reserve.
    Estimated annual reporting hours: FR Y-14A: Summary, 94,576 hours; 
Macro scenario, 2,852 hours; Operational Risk, 552 hours; Regulatory 
capital transitions; 1,058 hours, Regulatory capital instruments, 920 
hours. FR Y-14Q: Securities, 2,208 hours; Retail, 2,944 hours, Pre-
provision net revenue (PPNR), 130,824 hours; Corporate loans, 12,144 
hours; CRE, 11,868; Trading, 169,488 hours; Regulatory capital 
transitions, 4,232 hours; Regulatory capital instruments, 7,360 hours; 
Operational risk, 9,200 hours; Mortgage Servicing Rights (MSR) 
Valuation, 2,400 hours; Supplemental, 736 hours; and Retail Fair Value 
Option/Held for Sale (Retail FVO/HFS), 2,240 hours; CCR, 40,656 hours; 
and Balances, 2,944 hours. FR Y-14M: 1st lien mortgage, 250,920 hours; 
Home equity, 244,800 hours; and Credit card, 189,720 hours. FR Y-14 On-
going automation revisions, 15,840 hours. FR Y-14 implementation, 
93,600 hours.
    Estimated average hours per response: FR Y-14A: Summary, 1,028 
hours; Macro scenario, 31 hours; Operational Risk, 12 hours; Regulatory 
capital transitions, 23 hours; Regulatory capital instruments, 20 
hours. FR Y-14Q: Securities, 12 hours; Retail, 16 hours; PPNR, 711 
hours; Corporate loans, 69 hours; CRE, 69 hours; Trading, 1,926 hours; 
Regulatory capital transitions, 23 hours; Regulatory capital 
instruments, 40 hours; Operational risk, 50 hours; MSR Valuation, 24 
hours; Supplemental, 4 hours; and Retail FVO/HFS, 16 hours; CCR, 508 
hours; and Balances, 16 hours. FR Y-14M: 1st lien mortgage, 510 hours; 
Home equity, 510 hours; and Credit card, 510 hours. FR Y-14 On-Going 
automation revisions, 480 hours. FR Y-14 Implementation, 7,200 hours.
    Number of respondents: 46.
    General description of report: This collection of information is 
mandatory pursuant to section 5(c) of the BHC Act (12 U.S.C. 1844(c)), 
section 165 of the Dodd-Frank Act (12 U.S.C. 5365), and section 
252.153(b)(2) of Regulation YY (12 CFR 252.153(b)(2)).
    As these data are collected as part of the supervisory process, 
they are subject to confidential treatment under exemption 8 of the 
Freedom of Information Act (FOIA) (5 U.S.C. 552(b)(8)). In addition, 
commercial and financial information contained in these information 
collections may be exempt from disclosure under exemption 4 of 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. Such exemptions would be made on a case-by-
case basis.
    Abstract: The data collected through the FR Y-14A/Q/M schedules 
provide the Federal Reserve with the additional information and 
perspective needed to help ensure that large BHCs have strong, 
firm[hyphen]wide risk measurement and management processes supporting 
their internal assessments of capital adequacy and that their capital 
resources are sufficient given their business focus, activities, and 
resulting risk exposures. The annual Comprehensive Capital Analysis and 
Review (CCAR) exercise is also complemented by other Federal Reserve 
supervisory efforts aimed at enhancing the continued viability of large 
BHCs, including continuous monitoring of BHCs' planning and management 
of liquidity and funding resources and regular assessments of credit, 
market and operational risks, and associated risk management practices. 
Information gathered in this data collection is also used in the 
supervision and regulation of these financial institutions. In order to 
fully evaluate the data submissions, the Federal Reserve may conduct 
follow up discussions with or request responses to follow up questions 
from respondents, as needed.
    The Capital Assessments and Stress Testing information collection 
consists of the FR Y-14A, Q, and M reports. The semi-annual FR Y-14A 
collects information on the stress tests conducted by BHCs, including 
quantitative projections of balance sheet, income, losses, and capital 
across a range of macroeconomic scenarios, and qualitative information 
on methodologies used to develop internal projections of capital across 
scenarios.\3\ The quarterly FR Y-14Q and the monthly FR Y-14M are used 
to support supervisory stress test models and for continuous monitoring 
efforts. The quarterly FR Y-14Q collects granular data on BHCs' various 
asset classes, including loans, securities and trading assets, and PPNR 
for the reporting period. The monthly FR Y-14M comprises three retail 
loan- and portfolio-level collections, and one detailed address 
matching collection to supplement two of the portfolio and loan-level 
collections.
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    \3\ BHCs that must re-submit their capital plan generally also 
must provide a revised FR Y-14A in connection with their 
resubmission.
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    6. Report title: Banking Organization System Risk Report.
    Agency form number: FR Y-15.
    OMB control number: 7100-0352.
    Frequency: Quarterly.
    Reporters: U.S. intermediate holding companies (IHCs) and BHCs with 
total consolidated assets of $50 billion or more, and any U.S.-based 
organizations identified as global systemically important banks (GSIBs) 
that do not otherwise meet the consolidated assets threshold for BHCs.
    Estimated annual reporting hours: Initial: 4,000 hours; Ongoing: 
60,952 hours.

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    Estimated average hours per response: Initial: 1,000 hours; Ongoing 
401 hours.
    Number of respondents: 38.
    General description of report: This collection of information is 
mandatory pursuant to section 5(c) of the BHC Act (12 U.S.C. 1844(c)), 
section 10 of HOLA (12 U.S.C. 1467a(b), sections 8(a) and 13(a) of the 
International Banking Act (IBA) (12 U.S.C. 3106 and 3108(a)), sections 
163 and 165 of the Dodd-Frank Act (12 U.S.C. 5363, 5365), section 604 
of the Dodd-Frank Act, which amended section 5(c) of the BHC Act (12 
U.S.C. 1844(c)), and section 252.153(b)(2) of Regulation YY (12 CFR 
252.153(b)(2)). Except for those items subject to a delayed release, 
the individual data items collected on the FR Y-15 will be made 
available to the public for report dates beginning December 31, 2013. 
Though confidential treatment will not be routinely given to the 
financial data collected on the FR Y-15, respondents may request such 
treatment for any information that they believe is subject to an 
exemption from disclosure pursuant to sections (b)(4), (b)(6), or 
(b)(8) of FOIA (5 U.S.C. 522(b)(4), (b)(6), and (b)(8)).
    Abstract: The FR Y-15 annual report collects systemic risk data 
from U.S. BHCs with total consolidated assets of $50 billion or more, 
and any U.S.-based organizations identified as GSIBs that do not 
otherwise meet the consolidated assets threshold for BHCs. The Federal 
Reserve uses the FR Y-15 data primarily to monitor, on an ongoing 
basis, the systemic risk profile of the institutions that are subject 
to enhanced prudential standards under section 165 of the Dodd-Frank 
Wall Street Reform and Consumer Protection Act (DFA).
    7. Report title: Recordkeeping and Reporting Requirements 
Associated with Regulation Y (Capital Plans)
    Agency form number: Reg Y-13.
    OMB control number: 7100-0342.
    Frequency: Annually.
    Reporters: BHCs and IHCs.
    Estimated annual reporting hours: Annual capital planning 
recordkeeping (225.8(e)(1)(i)), 774,800 hours; annual capital planning 
reporting (225.8(e)(1)(ii)), 5,200 hours; annual capital planning 
recordkeeping (225.8(e)(1)(iii)), 6,500 hours; data collections 
reporting ((225.8(e)(3)(i)-(vi)), 65,325 hours; data collections 
reporting (225.8(e)(4)), 2,300 hours; review of capital plans by the 
Federal Reserve reporting (225.8(f)(3)(i)), 240 hours; prior approval 
request requirements reporting (225.8(g)(1), (3), & (4)), 3,900 hours; 
prior approval request requirements exceptions (225.8(g)(3)(iii)(A)), 
240 hours; prior approval request requirements reports (225.8(g)(6)), 
240 hours.
    Estimated average hours per response: Annual capital planning 
recordkeeping (225.8(e)(1)(i)), 11,920 hours; annual capital planning 
reporting (225.8(e)(1)(ii)), 80 hours; annual capital planning 
recordkeeping (225.8(e)(1)(iii)), 100 hours; data collections reporting 
((225.8(e)(3)(i)-(vi)), 1,005 hours; data collections reporting 
(225.8(e)(4)), 100 hours; review of capital plans by the Federal 
Reserve reporting (225.8(f)(3)(i)), 16 hours; prior approval request 
requirements reporting (225.8(g)(1), (3), & (4)), 100 hours; prior 
approval request requirements exceptions (225.8(g)(3)(iii)(A)), 16 
hours; prior approval request requirements reports (225.8(g)(6)), 16 
hours.
    Number of respondents: 65.
    General description of report: This information collection is 
mandatory pursuant to sections 616(a) of the Dodd Frank Act, which 
amended section 5(b) of the BHC Act (12 U.S.C. 1844(b)), section 165 of 
the Dodd-Frank Act (12 U.S.C. 5365), section 5(c) of the BHC Act (12 
U.S.C. 1844(c)), and section 252.153(b)(2) of Regulation YY (12 CFR 
252.153(b)(2)). The capital plan information submitted by the covered 
BHC will consist of confidential and proprietary modeling information 
and highly sensitive business plans, such as acquisition plans 
submitted to the Federal Reserve for approval. Therefore, it appears 
the information will be subject to withholding under exemption 4 of the 
Freedom of Information Act (5 U.S.C. 552(b)(4)).
    Abstract: Regulation Y (12 CFR part 225) requires large bank 
holding companies (BHCs) to submit capital plans to the Federal Reserve 
on an annual basis and to require such BHCs to request prior approval 
from the Federal Reserve under certain circumstances before making a 
capital distribution.\4\
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    \4\ Public Law 111-203, 124 Stat. 1376 (2010).
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    8. Report title: Financial Statements of U.S. Nonbank Subsidiaries 
Held by Foreign Banking Organizations, the Abbreviated Financial 
Statements of U.S. Nonbank Subsidiaries Held by Foreign Banking 
Organizations, and the Capital and Asset Report for Foreign Banking 
Organizations.
    Agency form number: FR Y-6; FR Y-7; FR Y-10; FR Y-10E.
    OMB control number: 7100-0297.
    Frequency: FR Y-6: Annual; FR Y-7: Annual; FR Y-10: Event-
generated; FR Y-10E: Event-generated.
    Reporters: Bank holding companies (BHCs), U.S. intermediate holding 
companies (IHCs), and savings and loan holding companies (SLHCs) 
(collectively, holding companies), securities holding companies, 
foreign banking organizations (FBOs), state member banks unaffiliated 
with a BHC, Edge Act and agreement corporations, and nationally 
chartered banks that are not controlled by a BHC (with regard to their 
foreign investments only).
    Estimated annual reporting hours: FR Y-6 initial: 130 hours; FR Y-6 
ongoing: 26,549 hours; FR Y-7: 972 hours; FR Y-10 initial: 530 hours; 
FR Y-10 ongoing: 39,735 hours; FR Y-10E: 2,649 hours.
    Estimated average hours per response: FR Y-6 initial: 10 hours; FR 
Y-6 ongoing: 5.5 hours; FR Y-7: 4 hours; FR Y-10 initial: 1 hour; FR Y-
10 ongoing: 2.5 hours; FR Y-10E: 0.5 hours.
    Number of respondents: FR Y-6 initial: 13; FR Y-6 ongoing: 4,827; 
FR Y-7: 243; FR Y-10 initial: 530; FR Y-10 ongoing: 5,298; FR Y-10E: 
5,298.
    General description of report: These information collections are 
mandatory as follows:
    FR Y-6: Section 5(c) of the BHC Act (12 U.S.C. 1844(c)); sections 
8(a) and 13(a) of the IBA (12 U.S.C. 3106 and 3108(a)); sections 
11(a)(1), 25, and 25A of the Federal Reserve Act (FRA) (12 U.S.C. 
248(a), 602, and 611a); and sections 113, 312, 618, and 809 of the 
Dodd-Frank Act (12 U.S.C. 5361, 5412, 1850a(c)(1), and 5468(b)(1)), 
section 165 of the Dodd-Frank Act (12 U.S.C. 5365), and section 
252.153(b)(2) of Regulation YY (12 CFR 252.153(b)(2)).
    FR Y-7: Sections 8(a) and 13(a) of the IBA (12 U.S.C. 3106(a) and 
3108(a)) and sections 113, 312, 618, and 809 of the Dodd-Frank Act (12 
U.S.C. 5361, 5412, 1850a(c)(1), and 5468(b)(1), respectively).
    FR Y-10 and FR Y-10E: Sections 4(k) and 5(c)(1)(A) of the BHC Act 
(12 U.S.C. 1843(k), 1844(c)(1)(A)), section 8(a) of the IBA (12 U.S.C. 
3106(a)), sections 11(a)(1), 25(7), and 25A of the Federal Reserve Act 
(12 U.S.C. 248(a)(1), 321, 601, 602, 611a, 615, and 625), and sections 
113, 312, 618, and 809 of the Dodd-Frank Act (12 U.S.C. 5361, 5412, 
1850a(c)(1), and 5468(b)(1), respectively).
    The data collected in the FR Y-6, FR Y-7, FR Y-10, and FR Y-10E are 
not considered confidential. With regard to information that a banking 
organization may deem confidential, the institution may request 
confidential treatment of such information under one or more of the 
exemptions in the Freedom of Information Act (FOIA) (5 U.S.C. 552). The 
most likely case for confidential treatment will be based on FOIA 
exemption 4, which permits an agency to exempt from disclosure ``trade 
secrets

[[Page 6269]]

and commercial or financial information obtained from a person and 
privileged and confidential,'' (5 U.S.C. 552(b)(4)). To the extent an 
institution can establish the potential for substantial competitive 
harm, such information would be protected from disclosure under the 
standards set forth in National Parks & Conservation Association v. 
Morton, 498 F.2d 765 (D.C. Cir. 1974). Exemption 6 of FOIA might also 
apply with regard to the respondents' submission of non-public personal 
information of owners, shareholders, directors, officers and employees 
of respondents. Exemption 6 covers ``personnel and medical files and 
similar files the disclosure of which would constitute a clearly 
unwarranted invasion of personal privacy,'' (5 U.S.C. 552(b)(6)). All 
requests for confidential treatment would need to be reviewed on a 
case-by-case basis and in response to a specific request for 
disclosure.
    Abstract: The FR Y-6 is an annual information collection submitted 
by top-tier holding companies and non-qualifying FBOs. It collects 
financial data, an organization chart, verification of domestic branch 
data, and information about shareholders. The Federal Reserve uses the 
data to monitor holding company operations and determine holding 
company compliance with the provisions of the BHC Act, Regulation Y (12 
CFR 225), the Home Owners' Loan Act (HOLA), and Regulation LL (12 CFR 
238).
    The FR Y-7 is an annual information collection submitted by 
qualifying FBOs to update their financial and organizational 
information with the Federal Reserve. The FR Y-7 collects financial, 
organizational, and managerial information. The Federal Reserve uses 
information to assess an FBO's ability to be a continuing source of 
strength to its U.S. operations, and to determine compliance with U.S. 
laws and regulations.
    The FR Y-10 is an event-generated information collection submitted 
by FBOs; top-tier holding companies; security holding companies as 
authorized under Section 618 of the Dodd-Frank Wall Street Reform and 
Consumer Protection Act of 2010 (12 U.S.C. 1850a(c)(1)); state member 
banks unaffiliated with a BHC; Edge Act and agreement corporations that 
are not controlled by a member bank, a domestic BHC, or a FBO; and 
nationally chartered banks that are not controlled by a BHC (with 
regard to their foreign investments only) to capture changes in their 
regulated investments and activities. The Federal Reserve uses the data 
to monitor structure information on subsidiaries and regulated 
investments of these entities engaged in banking and nonbanking 
activities. The FR Y-10E is a free-form supplement that may be used to 
collect additional structural information deemed to be critical and 
needed in an expedited manner.
    9. Report title: Risk Based Capital Standards: Advanced Capital 
Adequacy Framework.
    Agency form number: FR 4200.
    OMB control number: 7100-0313.
    Frequency: On occasion.
    Reporters: National banks, state member banks, Federal savings 
associations, U.S. intermediate holding companies (IHCs), and top-tier 
bank holding companies and savings and loan holding companies domiciled 
in the United States not subject to the Federal Reserve's Small Bank 
Holding Company Policy Statement (12 CFR part 225, appendix C)), except 
certain savings and loan holding companies that are substantially 
engaged in insurance underwriting or commercial activities.
    Estimated annual reporting hours: Minimum capital ratios ongoing 
recordkeeping: 22,896 hours; standardized approach ongoing 
recordkeeping: 28,620 hours; standardized approach one-time 
recordkeeping: 174,582 hours; standardized approach ongoing disclosure: 
3,281 hours; standardized approach one-time disclosure: 5,656 hours; 
advanced approach ongoing recordkeeping: 2,482 hours; advanced approach 
one-time recordkeeping: 7,140 hours; advanced approach ongoing 
disclosure: 595 hours; advanced approach one-time disclosure: 4,760 
hours; disclosure table 13: 500 hours.
    Estimated average hours per response: Minimum capital ratios 
ongoing recordkeeping: 16 hours; standardized approach ongoing 
recordkeeping: 20 hours; standardized approach one-time recordkeeping: 
122 hours; standardized approach ongoing disclosure: 131.25 hours; 
standardized approach one-time disclosure: 226.25 hours; advanced 
approach ongoing recordkeeping: 146 hours; advanced approach one-time 
recordkeeping: 420 hours; advanced approach ongoing disclosure: 35 
hours; advanced approach one-time disclosure: 280 hours; disclosure 
table 13: 5 hours.
    Number of respondents: 1,431.
    General description of report: This information collection is 
mandatory pursuant to section 38(o) of the Federal Deposit Insurance 
Act, (12 U.S.C. 1831o(c)), section 908 of the International Lending 
Supervision Act of 1983 (12 U.S.C. 3907(a)(1)), the Federal Reserve 
Act, (12 U.S.C. 324), and section 5(c) of the BHC Act (12 U.S.C. 
1844(c)), and section 252.153(b)(2) of Regulation YY (12 CFR 
252.153(b)(2)). If a respondent considers the information to be trade 
secrets and/or privileged such information could be withheld from the 
public under the authority of the Freedom of Information Act, 5 U.S.C. 
552(b)(4). Additionally, to the extent that such information may be 
contained in an examination report such information maybe also be 
withheld from the public, 5 U.S.C. 552 (b)(8).
    Abstract: The Risk Based Capital Standards: Advanced Capital 
Adequacy Framework Information Collection (FR 4200) collects 
information relating to the regulatory capital rule (12 CFR part 217). 
The regulatory capital rule includes a common equity tier1 minimum 
risk-based capital requirement, a minimum tier 1 risk-based capital 
requirement, a minimum total risk-based capital requirement, a minimum 
leverage ratio of tier 1 capital to average total consolidated assets, 
and, for banking organizations subject to the advanced approaches risk-
based capital rules, a supplementary leverage ratio that incorporates 
both on- and off-balance sheet exposures. The regulatory capital rule 
also limits a banking organization's capital distributions and certain 
discretionary bonus payments to the extent that the banking 
organization does not hold a specified ``buffer'' of common equity tier 
1 capital in addition to the minimum risk-based capital requirements. 
The FR 4200 information collection requires respondents to: (a) Obtain 
legal opinions for certain agreements and maintain sufficient written 
documentation of this legal review, (b) obtain prior written approvals 
for the use of certain measures or methodologies, (c) maintain 
policies, procedures, and programs; (d) perform due diligence, perform 
and document analyses, or make a demonstration to supervisors; (e) 
develop plans for compliance and notify supervisors of certain changes; 
and (f) provide certain disclosures regarding their structure, 
regulatory capital, the risks to which they are subject, and other 
aspects of their operations. These obligations arise pursuant to 
sections _.3, _.22, _.35, _.37, _.41, _.42, _.62, _.63, _.121 through 
_.124, _.132, _.141, _.142, _.153, _.171, and _.173 of the regulatory 
capital rule (12 CFR part 217). Under most circumstances, IHCs would 
not be subject to the information collection requirements associated 
with sections _.62, _.63, _.121 through _.124, _.132, _.141, _.142, 
_.153, _.171, and _.173 of the regulatory capital rule.
    10. Report title: Risk-Based Capital Guidelines: Market Risk.
    Agency form number: FR 4201.
    OMB control number: 7100-0314.

[[Page 6270]]

    Frequency: On occasion.
    Reporters: Banking organization, including U.S. intermediate 
holding companies (IHCs), with aggregate trading assets and trading 
liabilities equal to (1) 10 percent or more of quarter-end total assets 
or (2) $1 billion or more.
    Estimated annual reporting hours: Prior written approvals 
reporting: 28,800 hours; policies and procedures recordkeeping: 2,880 
hours; trading and hedging strategy recordkeeping: 480 hours; internal 
models recordkeeping: 3,840 hours; section 4(b) backtesting and stress 
testing: 1,920 hours; sections 5(c) and 9(c) backtesting and stress 
testing: 3,120 hours; securitizations backtesting and stress testing: 
14,400 hours; disclosure policy backtesting and stress testing: 1,200 
hours; quantitative disclosure: 1,920 hours; qualitative disclosure: 
360 hours.
    Estimated average hours per response: Prior written approvals 
reporting: 960 hours; policies and procedures recordkeeping: 96 hours; 
trading and hedging strategy recordkeeping: 16 hours; internal models 
recordkeeping: 128 hours; section 4(b) backtesting and stress testing: 
16 hours; sections 5(c) and 9(c) backtesting and stress testing: 104 
hours; securitizations backtesting and stress testing: 120 hours; 
disclosure policy backtesting and stress testing: 40 hours; 
quantitative disclosure: 16 hours; qualitative disclosure: 12 hours.
    Number of respondents: 30.
    General description of report: This information collection is 
mandatory pursuant to 12 U.S.C. 324 and 12 U.S.C. 1844(c), section 165 
of the Dodd-Frank Act (12 U.S.C. 5365), and section 252.153(b)(2) of 
Regulation YY (12 CFR 252.153(b)(2)). Information collected pursuant to 
the reporting requirements of the FR 4201 (specifically, information 
related to seeking regulatory approval for the use of certain 
incremental and comprehensive risk models and methodologies under 
sections 217.208 and 217.209) is exempt from disclosure pursuant to 
exemption (b)(8) of the Freedom of Information Act (FOIA) (5 U.S.C 
Sec.  552(b)(8)), and exemption (b)(4) of FOIA (5 U.S.C. 552(b)(4)). 
Exemption (b)(8) applies because the reported information is contained 
in or related to examination reports. Exemption (b)(4) applies because 
the information provided to obtain regulatory approval of the 
incremental or comprehensive risk models is confidential business 
information the release of which could cause substantial competitive 
harm to the reporting company. The recordkeeping requirements of the FR 
4201 require banking organizations to maintain documentation regarding 
certain policies and procedures, trading and hedging strategies, and 
internal models. These documents would remain on the premises of the 
banking organizations and accordingly would not generally be subject to 
a FOIA request. To the extent these documents are provided to the 
regulators, they would be exempt under exemption (b)(8), and may be 
exempt under exemption (b)(4). Exemption (b)(4) protects from 
disclosure ``trade secrets and commercial or financial information 
obtained from a person and privileged or confidential.'' The disclosure 
requirements of the FR 4201 do not raise any confidentiality issues 
because they require banking organizations to make certain disclosures 
public.
    Abstract: The market risk rule is an integral part of the Board's 
regulatory capital framework. The collection of information permits the 
Federal Reserve to monitor the market risk profile of banking 
organizations that it regulates and evaluate the impact and competitive 
implications of the market risk rule on those banking organizations and 
the industry as a whole. The collection of information provides the 
most current statistical data available to identify areas of market 
risk on which to focus for onsite and offsite examinations and allows 
the Federal Reserve to assess and monitor the levels and components of 
each reporting institution's risk-based capital requirements for market 
risk and the adequacy of the institution's capital under the market 
risk rule. Finally, the collection of information contained in the 
market risk rule is necessary to ensure capital adequacy of banking 
organizations according to their level of market risk and assists 
banking organizations in implementing and validating the market risk 
framework.
    Current Actions: The Federal Reserve proposes to collect financial 
information for U.S. Intermediate Holding Companies (IHCs) of foreign 
banking organizations (FBOs) for the regulatory report forms listed 
above, beginning with the reporting period ending on September 30, 
2016, to implement the enhanced prudential standards for FBOs adopted 
pursuant to Subparts L, M, N, and O of Regulation YY to indicate and to 
certify to the Federal Reserve Board their compliance with those 
requirements.
    With regard to the FR Y-14 series of reports, the IHC would be 
required to complete the FR Y-14 reports in the same manner as a BHC, 
and would be subject to requirements to report historical data with 
respect to its U.S. bank and nonbank operations. The reporting 
instructions provide IHCs with the submission dates for each of the FR 
Y-14 reports, including the onboarding filing delays that apply to 
certain schedules, and the requirements for reporting historical data 
for the FR Y-14Q Retail and PPNR schedules. IHCs will also receive this 
information in an onboarding memo. The historical data are necessary 
for the Board to perform a supervisory assessment of the capital plans 
of IHCs and to conduct supervisory stress tests. The Federal Reserve 
expects to address requirements for the Market Shock exercise, as they 
would apply to IHCs with significant trading activity, in a separate 
proposal.
    However, many IHCs may have difficulty reporting historical data 
prior to formation of the IHC because of the structural reorganizations 
associated with complying with the IHC requirement. In addition, the 
ability of IHCs to report historical data may differ because compliance 
burdens may vary in complexity across IHCs. The Federal Reserve invites 
comment on the ability of IHCs to report historical data, including, 
but not limited to
     a description, with supporting detail, of any challenges 
that IHCs may face in providing historical data;
     specific compliance burdens for IHCs, such as issues 
related to systems integration or data retention policies; and
     whether an IHC would be able to report historical data if 
granted an extension of time, and if so, how much additional time would 
be needed.

    Board of Governors of the Federal Reserve System, February 2, 
2016.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2016-02230 Filed 2-4-16; 8:45 am]
BILLING CODE 6210-01-P