Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 55856-55858 [05-19029]

Download as PDF 55856 Federal Register / Vol. 70, No. 184 / Friday, September 23, 2005 / Notices Boston, Massachusetts 02114–2023 and to the appropriate State Agency. FOR FURTHER INFORMATION CONTACT: Additional information concerning the final permits may be obtained between the hours of 8 a.m. and 4 p.m. Monday through Friday excluding holidays from: William Wandle, Office of Ecosystem Protection, Environmental Protection Agency, 1 Congress Street, Suite 1100 (CMP), Boston, MA 02114—2023, telephone: 617–918–1605, e-mail: wandle.bill@epa.gov. SUPPLEMENTARY INFORMATION: This general permit and the response to comments may be viewed over the Internet via the EPA-Region 1 Web site for dischargers in Massachusetts at https://www.epa.gov/ne/npdes/ mass.html and for dischargers in New Hampshire at https://www.epa.gov/ne/ npdes/newhampshire.html. The general permits include the freshwater and marine acute toxicity protocols; guidance documents for endangered species, historic properties, and sludge compliance; and standard permit conditions. To obtain a paper copy of the documents, please contact William Wandle using the contact information provided above. A reasonable fee may be charged for copying requests. Dated: September 15, 2005. Ira W. Leighton, Acting Regional Administrator, Region 1. [FR Doc. 05–19064 Filed 9–22–05; 8:45 am] BILLING CODE 6560–50–P FEDERAL RESERVE SYSTEM Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB Summary Background 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 OMB 83–Is and 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, VerDate Aug<31>2005 15:21 Sep 22, 2005 Jkt 205001 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—Michelle Long—Division of Research and Statistics, Board of Governors of the Federal Reserve System, Washington, DC 20551 (202– 452–3829); OMB Desk Officer—Mark Menchik—Office of Information and Regulatory Affairs, Office of Management and Budget, New Executive Office Building, Room 10235, Washington, DC 20503, or e-mail to mmenchik@omb.eop.gov. Final approval under OMB delegated authority of the extension for three years, without revision, of the following report: Report title: Notifications Related to Community Development and Public Welfare Investments of State Member Banks. Agency form number: FR H–6. OMB Control number: 7100–0278. Frequency: Event-generated. Reporters: State member banks. Annual reporting hours: 125 hours. Estimated average hours per response: Investment notice, 2 hours; Application (Prior Approval) 5 hours; and Extension of divestiture period, 5 hours. Number of respondents: Investment notice, 10; Application (Prior Approval) 20; and Extension of divestiture period, 1. General description of report: This information collection is required to obtain a benefit (12 U.S.C. 338a, and 12 CFR 208.22). Individual respondent data generally are not regarded as confidential, but information that is proprietary or concerns examination ratings would be considered confidential. Abstract: Regulation H requires state member banks that want to make community development or public welfare investments to comply with the Regulation H notification requirements: (1) If the investment does not require prior Board approval, a written notice must be sent to the appropriate Federal Reserve Bank; (2) if certain criteria are not met, a request for approval must be sent to the appropriate Federal Reserve Bank; and, (3) if the Board orders divestiture but the bank cannot divest within the established time limit, a request or requests for extension of the divestiture period must be submitted to the appropriate Federal Reserve Bank. Final approval under OMB delegated authority of the extension for three years, with revision, of the following reports: PO 00000 Frm 00042 Fmt 4703 Sfmt 4703 1. Report title: Application for a Foreign Organization to Acquire a U.S. Bank or a Bank Holding Company. Agency form number: FR Y–3F (Formerly FR Y–1F). OMB control number: 7100–0119. Frequency: On occasion. Reporters: Any company organized under the laws of a foreign country seeking to acquire a U.S. subsidiary bank or bank holding company (BHC). Annual reporting hours: 710 hours. Estimated average hours per response: Initial application, 90 hours; and subsequent application, 70 hours. Number of respondents: Initial application, 4; and subsequent application, 5 General description of report: This information collection is required to obtain or retain a benefit under the Bank Holding Company Act (BHCA) (12 U.S.C. 1842(a) and (c) and 1844(a) through (c) and is not given confidential treatment unless the applicant specifically requests confidentiality and the Federal Reserve approves the request. Abstract: Under the BHCA, submission of this application is required for any company organized under the laws of a foreign country seeking to acquire a U.S. subsidiary bank or BHC. Applicants must provide financial and managerial information, discuss the competitive effects of the proposed transaction, and discuss how the proposed transaction would enhance the convenience and needs of the community to be served. The Federal Reserve uses the information, in part, to fulfill its supervisory responsibilities with respect to foreign banking organizations in the United States. Current Actions: On July 12, 2005, the Federal Reserve issued for public comment proposed revisions to the FR Y–1F report (70 FR 40025). The comment period ended on September 12, 2005. The Federal Reserve did not receive any comments. The changes will be implemented as proposed. Foreign organizations seeking initial entry are currently required to file the FR Y–1F. However, the filing requirements are ambiguous for foreign organizations that are already subject to the BHCA and seek to acquire a U.S. bank or BHC. In order to clarify and streamline the application process for foreign organizations, the Federal Reserve will explicitly state that these organizations should file the FR Y–1F. Thus, the FR Y–1F will be retitled, renumbered, and modified to achieve consistency with the FR Y–3, the Application for Prior Approval to Become a Bank Holding Company or for a Bank Holding E:\FR\FM\23SEN1.SGM 23SEN1 Federal Register / Vol. 70, No. 184 / Friday, September 23, 2005 / Notices Company to Acquire an Additional Bank or Bank Holding Company (OMB No. 7100–0121), the form used by domestic holding companies. Also, the Federal Reserve proposed technical clarifications to the instructions that will remove page number references to the Interagency Biographical or Financial Report (FR 2081c; OMB No. 7100–0134) and insert a sentence into the standard commitment language in order to make the commitments more enforceable. 2. Report title: International Applications and Prior Notifications Under Subpart B of Regulation K. Agency form number: FR K–2. OMB control number: 7100–0284. Frequency: On occasion. Reporters: Foreign banks. Annual reporting hours: 420 hours. Estimated average hours per response: 35 hours. Number of respondents: 12. General description of report: This information collection is required to obtain or retain a benefit under sections 7 and 10 of the International Banking Act (12 USC 3105 and 3107) and Regulation K (12 C.F.R. 211.24(a)) and is not given confidential treatment unless the applicant specifically requests confidentiality and the Federal Reserve approves the request. Abstract: Foreign banks are required to obtain the prior approval of the Federal Reserve to establish a branch, agency, or representative office; to acquire ownership or control of a commercial lending company in the United States; or to change the status of any existing office in the United States. The Federal Reserve uses the information, in part, to fulfill its statutory obligation to supervise foreign banking organizations with offices in the United States. Current Actions: On July 12, 2005, the Federal Reserve issued for public comment proposed revisions to the FR K–2 report (70 FR 40025). The comment period ended on September 12, 2005. The Federal Reserve did not receive any comments. The changes will be implemented as proposed. The Federal Reserve proposed technical clarifications to the instructions that will remove page number references to the Interagency Biographical or Financial Report (FR 2081c; OMB No. 7100–0134), correct language pertaining to representative offices, and insert a sentence into the standard commitment language in order to make the commitments more enforceable. Final approval under OMB delegated authority of the revision, without extension, of the following report: VerDate Aug<31>2005 15:21 Sep 22, 2005 Jkt 205001 Report title: Financial Statements for Bank Holding Companies. Agency form number: FR Y–9C, FR Y– 9LP, FR Y–9SP, FR Y–9CS, and FR Y– 9ES. OMB control number: 7100–0128. Frequency: Quarterly, semiannually, and annually. Reporters: BHCs. Annual reporting hours: 400,536 hours. Estimated average hours per response: FR Y–9C: 35.55 hours. FR Y–9LP: 4.75 hours. FR Y–9SP: 4.85 hours. FR Y–9ES: 30 minutes. FR Y–9CS: 30 minutes. Number of respondents: FR Y–9C: 2,240. FR Y–9LP: 2,590. FR Y–9SP: 3,253. FR Y–9ES: 87. FR Y–9CS: 600. General description of report: This information collection is mandatory (12 U.S.C. 1844(c)). Confidential treatment is not routinely given to the data in these reports. 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)and (b)(8) of the Freedom of Information Act (5 U.S.C. 522(b)(4), (b)(6) and (b)(8)). Abstract: The FR Y–9C collects basic financial data from a domestic BHC on a consolidated basis in the form of a balance sheet, an income statement, and detailed supporting schedules, including a schedule of off-balancesheet items, similar to the Federal Financial Institutions Examination Council (FFIEC) Consolidated Reports of Condition and Income (Call Reports) (FFIEC 031 & 041; OMB No. 7100– 0036). The FR Y–9C collects data from the BHC as of the end of March, June, September, and December. The FR Y–9C is filed by top-tier BHCs with total consolidated assets of $150 million or more and lower-tier BHCs that have total consolidated assets of $1 billion or more. In addition, multibank holding companies with total consolidated assets of less than $150 million with debt outstanding to the general public or engaged in certain nonbank activities must file the FR Y–9C. The FR Y–9LP collects basic financial data from domestic BHCs on an unconsolidated, parent-only basis in the form of a balance sheet, an income statement, and supporting schedules relating to investments, cash flow, and certain memoranda items. This report is filed as of the end of March, June, September, and December on a parent company only basis by each BHC that PO 00000 Frm 00043 Fmt 4703 Sfmt 4703 55857 files the FR Y–9C. In addition, for tiered BHCs, a separate FR Y–9LP must be filed for each lower-tier BHC. The FR Y–9SP is a parent company only financial statement filed by smaller BHCs as of the end of June and December. Respondents include onebank holding companies with total consolidated assets of less than $150 million and multibank holding companies with total consolidated assets of less than $150 million that meet certain other criteria. This form is a simplified or abbreviated version of the more extensive parent company only financial statement for large BHCs (FR Y–9LP). This report collects basic balance sheet and income information for the parent company, information on intangible assets, and information on intercompany transactions. The FR Y–9CS is a free form supplement that may be utilized to collect any additional information deemed to be critical and needed in an expedited manner. It is intended to supplement the FR Y–9C and FR Y–9SP reports. The FR Y–9ES collects financial information from employee stock ownership plans that are also BHCs on their benefit plan activities as of December 31. It consists of four schedules: Statement of Changes in Net Assets Available for Benefits, Statement of Net Assets Available for Benefits, Memoranda, and Notes to the Financial Statements. Current Actions: On July 12, 2005, the Federal Reserve issued for public comment proposed revisions to the BHC reports (70 FR 40025). The comment period ended on September 12, 2005. The Federal Reserve did not receive any comments. The changes will be implemented as proposed effective with the September 30, 2005, report date. The Federal Reserve will revise the FR Y–9C to collect information on purchased impaired loans in response to Statement of Position 03–3, Accounting for Certain Loans or Debt Securities Acquired in a Transfer issued by the American Institute of Certified Public Accountants, and to collect information related to the Government National Mortgage Association (GNMA) mortgage loan optional repurchase program (rebooked loans backing GNMA securities). The revisions are consistent with the changes to the FFIEC 031 Call Report, effective for the June 2005 report date. In addition to modifying instructions to incorporate the reporting changes, instructions will be revised and clarified in an attempt to achieve greater consistency in reporting by respondents. E:\FR\FM\23SEN1.SGM 23SEN1 55858 Federal Register / Vol. 70, No. 184 / Friday, September 23, 2005 / Notices Board of Governors of the Federal Reserve System, September 19, 2005. Jennifer J. Johnson, Secretary of the Board. [FR Doc. 05–19029 Filed 9–22–05; 8:45 am] BILLING CODE 6210–01–P FEDERAL RESERVE SYSTEM Formations of, Acquisitions by, and Mergers of Bank Holding Companies; Correction This notice corrects a notice (FR Doc. 05–54746) published on page 54746 of the issue for Friday, September 16, 2005. Under the Federal Reserve Bank of Chicago heading, the entry for Capitol Bancorp, Ltd., Lansing, Michigan, is revised to read as follows: A. Federal Reserve Bank of Chicago (Patrick M. Wilder, Assistant Vice President) 230 South LaSalle Street, Chicago, Illinois 60690-1414: 1. Capitol Bancorp, Ltd., Lansing, Michigan, and Capitol Development Bancorp, Limited I, Lansing, Michigan; to acquire 51 percent of the voting shares of Bank of Belleville, Belleville, Illinois (in organization). Comments on this application must be received by October 13, 2005. Board of Governors of the Federal Reserve System, Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. 05–19031 Filed 9–22–05; 8:45 am] BILLING CODE 6210–01–S FEDERAL RESERVE SYSTEM Formations of, Acquisitions by, and Mergers of Bank Holding Companies The companies listed in this notice have applied to the Board for approval, pursuant to the Bank Holding Company Act of 1956 (12 U.S.C. 1841 et seq.) (BHC Act), Regulation Y (12 CFR Part 225), and all other applicable statutes and regulations to become a bank holding company and/or to acquire the assets or the ownership of, control of, or the power to vote shares of a bank or bank holding company and all of the banks and nonbanking companies owned by the bank holding company, including the companies listed below. The applications listed below, as well as other related filings required by the Board, are available for immediate inspection at the Federal Reserve Bank indicated. The application also will be available for inspection at the offices of the Board of Governors. Interested VerDate Aug<31>2005 15:21 Sep 22, 2005 Jkt 205001 persons may express their views in writing on the standards enumerated in the BHC Act (12 U.S.C. 1842(c)). If the proposal also involves the acquisition of a nonbanking company, the review also includes whether the acquisition of the nonbanking company complies with the standards in section 4 of the BHC Act (12 U.S.C. 1843). Unless otherwise noted, nonbanking activities will be conducted throughout the United States. Additional information on all bank holding companies may be obtained from the National Information Center website at www.ffiec.gov/nic/. Unless otherwise noted, comments regarding each of these applications must be received at the Reserve Bank indicated or the offices of the Board of Governors not later than October 17, 2005. A. Federal Reserve Bank of New York (Jay Bernstein, Bank Supervision Officer) 33 Liberty Street, New York, New York 10045-0001: 1. New York Community Bancorp, Inc., Westbury, New York; to merge with Long Island Financial Corp., Islandia, New York, and thereby indirectly acquire Long Island Commercial Bank, Islandia, New York. B. Federal Reserve Bank of Minneapolis (Jacqueline G. King, Community Affairs Officer) 90 Hennepin Avenue, Minneapolis, Minnesota 55480-0291: 1. Davis Bancshares, Inc., Underwood, North Dakota; to merge with Underwood Holding Company, Inc., Underwood, North Dakota, and thereby indirectly acquire First Security Bank, Underwood, North Dakota. Board of Governors of the Federal Reserve System, September 19, 2005. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. 05–19034 Filed 9–22–05; 8:45 am] BILLING CODE 6210–01–S FEDERAL RESERVE SYSTEM Notices of Proposals to Engage in Permissible Nonbanking Activities or to Acquire Companies that are Engaged in Permissible Nonbanking Activites; Correction This notice corrects a notice (FR Doc. 05–18466) published on pages 54746– 54747 of the issue for Friday, September 16, 2005. Under the Federal Reserve Bank of New York heading, the entry for Commonwealth Bank of Australia, Sydney, Australia, is revised to read as follows: PO 00000 Frm 00044 Fmt 4703 Sfmt 4703 A. Federal Reserve Bank of New York (Jay Bernstein, Bank Supervision Officer) 33 Liberty Street, New York, New York 10045-0001: 1. Commonwealth Bank of Australia, Sydney, Australia; to engage de novo through its subsidiary, CommSec LLC, New York, New York, in securities brokerage, private placement services, and other transactional services, pursuant to sections 225.28(b)(7)(i), (b)(7)(iii), and (b)(7)(v) of Regulation Y. Comments on this application must be received by October 3, 2005. Board of Governors of the Federal Reserve System,September 19, 2005. Robert deV. Frierson, Deputy Secretary of the Board. [FR Doc. 05–19032 Filed 9–22–05; 8:45 am] BILLING CODE 6210–01–S FEDERAL RESERVE SYSTEM Notice of Proposals to Engage in Permissible Nonbanking Activities or to Acquire Companies that are Engaged in Permissible Nonbanking Activities The companies listed in this notice have given notice under section 4 of the Bank Holding Company Act (12 U.S.C. 1843) (BHC Act) and Regulation Y (12 CFR Part 225) to engage de novo, or to acquire or control voting securities or assets of a company, including the companies listed below, that engages either directly or through a subsidiary or other company, in a nonbanking activity that is listed in § 225.28 of Regulation Y (12 CFR 225.28) or that the Board has determined by Order to be closely related to banking and permissible for bank holding companies. Unless otherwise noted, these activities will be conducted throughout the United States. Each notice is available for inspection at the Federal Reserve Bank indicated. The notice also will be available for inspection at the offices of the Board of Governors. Interested persons may express their views in writing on the question whether the proposal complies with the standards of section 4 of the BHC Act. Additional information on all bank holding companies may be obtained from the National Information Center website at www.ffiec.gov/nic/. Unless otherwise noted, comments regarding the applications must be received at the Reserve Bank indicated or the offices of the Board of Governors not later than October 7, 2005. A. Federal Reserve Bank of Chicago (Patrick M. Wilder, Assistant Vice President) 230 South LaSalle Street, Chicago, Illinois 60690-1414: E:\FR\FM\23SEN1.SGM 23SEN1

Agencies

[Federal Register Volume 70, Number 184 (Friday, September 23, 2005)]
[Notices]
[Pages 55856-55858]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 05-19029]


=======================================================================
-----------------------------------------------------------------------

FEDERAL RESERVE SYSTEM


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

Summary

Background

    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 OMB 83-Is and 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--Michelle Long--Division of Research and Statistics, Board of 
Governors of the Federal Reserve System, Washington, DC 20551 (202-452-
3829); OMB Desk Officer--Mark Menchik--Office of Information and 
Regulatory Affairs, Office of Management and Budget, New Executive 
Office Building, Room 10235, Washington, DC 20503, or e-mail to 
mmenchik@omb.eop.gov.
    Final approval under OMB delegated authority of the extension for 
three years, without revision, of the following report:
    Report title: Notifications Related to Community Development and 
Public Welfare Investments of State Member Banks.
    Agency form number: FR H-6.
    OMB Control number: 7100-0278.
    Frequency: Event-generated.
    Reporters: State member banks.
    Annual reporting hours: 125 hours.
    Estimated average hours per response: Investment notice, 2 hours; 
Application (Prior Approval) 5 hours; and Extension of divestiture 
period, 5 hours.
    Number of respondents: Investment notice, 10; Application (Prior 
Approval) 20; and Extension of divestiture period, 1.
    General description of report: This information collection is 
required to obtain a benefit (12 U.S.C. 338a, and 12 CFR 208.22). 
Individual respondent data generally are not regarded as confidential, 
but information that is proprietary or concerns examination ratings 
would be considered confidential.
    Abstract: Regulation H requires state member banks that want to 
make community development or public welfare investments to comply with 
the Regulation H notification requirements: (1) If the investment does 
not require prior Board approval, a written notice must be sent to the 
appropriate Federal Reserve Bank; (2) if certain criteria are not met, 
a request for approval must be sent to the appropriate Federal Reserve 
Bank; and, (3) if the Board orders divestiture but the bank cannot 
divest within the established time limit, a request or requests for 
extension of the divestiture period must be submitted to the 
appropriate Federal Reserve Bank.
    Final approval under OMB delegated authority of the extension for 
three years, with revision, of the following reports:
    1. Report title: Application for a Foreign Organization to Acquire 
a U.S. Bank or a Bank Holding Company.
    Agency form number: FR Y-3F (Formerly FR Y-1F).
    OMB control number: 7100-0119.
    Frequency: On occasion.
    Reporters: Any company organized under the laws of a foreign 
country seeking to acquire a U.S. subsidiary bank or bank holding 
company (BHC).
    Annual reporting hours: 710 hours.
    Estimated average hours per response: Initial application, 90 
hours; and subsequent application, 70 hours.
    Number of respondents: Initial application, 4; and subsequent 
application, 5
    General description of report: This information collection is 
required to obtain or retain a benefit under the Bank Holding Company 
Act (BHCA) (12 U.S.C. 1842(a) and (c) and 1844(a) through (c) and is 
not given confidential treatment unless the applicant specifically 
requests confidentiality and the Federal Reserve approves the request.
    Abstract: Under the BHCA, submission of this application is 
required for any company organized under the laws of a foreign country 
seeking to acquire a U.S. subsidiary bank or BHC. Applicants must 
provide financial and managerial information, discuss the competitive 
effects of the proposed transaction, and discuss how the proposed 
transaction would enhance the convenience and needs of the community to 
be served. The Federal Reserve uses the information, in part, to 
fulfill its supervisory responsibilities with respect to foreign 
banking organizations in the United States.
    Current Actions: On July 12, 2005, the Federal Reserve issued for 
public comment proposed revisions to the FR Y-1F report (70 FR 40025). 
The comment period ended on September 12, 2005. The Federal Reserve did 
not receive any comments. The changes will be implemented as proposed. 
Foreign organizations seeking initial entry are currently required to 
file the FR Y-1F. However, the filing requirements are ambiguous for 
foreign organizations that are already subject to the BHCA and seek to 
acquire a U.S. bank or BHC. In order to clarify and streamline the 
application process for foreign organizations, the Federal Reserve will 
explicitly state that these organizations should file the FR Y-1F. 
Thus, the FR Y-1F will be retitled, renumbered, and modified to achieve 
consistency with the FR Y-3, the Application for Prior Approval to 
Become a Bank Holding Company or for a Bank Holding

[[Page 55857]]

Company to Acquire an Additional Bank or Bank Holding Company (OMB No. 
7100-0121), the form used by domestic holding companies. Also, the 
Federal Reserve proposed technical clarifications to the instructions 
that will remove page number references to the Interagency Biographical 
or Financial Report (FR 2081c; OMB No. 7100-0134) and insert a sentence 
into the standard commitment language in order to make the commitments 
more enforceable.
    2. Report title: International Applications and Prior Notifications 
Under Subpart B of Regulation K.
    Agency form number: FR K-2.
    OMB control number: 7100-0284.
    Frequency: On occasion.
    Reporters: Foreign banks.
    Annual reporting hours: 420 hours.
    Estimated average hours per response: 35 hours.
    Number of respondents: 12.
    General description of report: This information collection is 
required to obtain or retain a benefit under sections 7 and 10 of the 
International Banking Act (12 USC 3105 and 3107) and Regulation K (12 
C.F.R. 211.24(a)) and is not given confidential treatment unless the 
applicant specifically requests confidentiality and the Federal Reserve 
approves the request.
    Abstract: Foreign banks are required to obtain the prior approval 
of the Federal Reserve to establish a branch, agency, or representative 
office; to acquire ownership or control of a commercial lending company 
in the United States; or to change the status of any existing office in 
the United States. The Federal Reserve uses the information, in part, 
to fulfill its statutory obligation to supervise foreign banking 
organizations with offices in the United States.
    Current Actions: On July 12, 2005, the Federal Reserve issued for 
public comment proposed revisions to the FR K-2 report (70 FR 40025). 
The comment period ended on September 12, 2005. The Federal Reserve did 
not receive any comments. The changes will be implemented as proposed. 
The Federal Reserve proposed technical clarifications to the 
instructions that will remove page number references to the Interagency 
Biographical or Financial Report (FR 2081c; OMB No. 7100-0134), correct 
language pertaining to representative offices, and insert a sentence 
into the standard commitment language in order to make the commitments 
more enforceable.
    Final approval under OMB delegated authority of the revision, 
without extension, of the following report:
    Report title: Financial Statements for Bank Holding Companies.
    Agency form number: FR Y-9C, FR Y-9LP, FR Y-9SP, FR Y-9CS, and FR 
Y-9ES.
    OMB control number: 7100-0128.
    Frequency: Quarterly, semiannually, and annually.
    Reporters: BHCs.
    Annual reporting hours: 400,536 hours.
    Estimated average hours per response:
    FR Y-9C: 35.55 hours.
    FR Y-9LP: 4.75 hours.
    FR Y-9SP: 4.85 hours.
    FR Y-9ES: 30 minutes.
    FR Y-9CS: 30 minutes.
    Number of respondents:
    FR Y-9C: 2,240.
    FR Y-9LP: 2,590.
    FR Y-9SP: 3,253.
    FR Y-9ES: 87.
    FR Y-9CS: 600.
    General description of report: This information collection is 
mandatory (12 U.S.C. 1844(c)). Confidential treatment is not routinely 
given to the data in these reports. 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)and (b)(8) of the Freedom of Information Act (5 U.S.C. 
522(b)(4), (b)(6) and (b)(8)).
    Abstract: The FR Y-9C collects basic financial data from a domestic 
BHC on a consolidated basis in the form of a balance sheet, an income 
statement, and detailed supporting schedules, including a schedule of 
off-balance-sheet items, similar to the Federal Financial Institutions 
Examination Council (FFIEC) Consolidated Reports of Condition and 
Income (Call Reports) (FFIEC 031 & 041; OMB No. 7100-0036). The FR Y-9C 
collects data from the BHC as of the end of March, June, September, and 
December. The FR Y-9C is filed by top-tier BHCs with total consolidated 
assets of $150 million or more and lower-tier BHCs that have total 
consolidated assets of $1 billion or more. In addition, multibank 
holding companies with total consolidated assets of less than $150 
million with debt outstanding to the general public or engaged in 
certain nonbank activities must file the FR Y-9C.
    The FR Y-9LP collects basic financial data from domestic BHCs on an 
unconsolidated, parent-only basis in the form of a balance sheet, an 
income statement, and supporting schedules relating to investments, 
cash flow, and certain memoranda items. This report is filed as of the 
end of March, June, September, and December on a parent company only 
basis by each BHC that files the FR Y-9C. In addition, for tiered BHCs, 
a separate FR Y-9LP must be filed for each lower-tier BHC.
    The FR Y-9SP is a parent company only financial statement filed by 
smaller BHCs as of the end of June and December. Respondents include 
one-bank holding companies with total consolidated assets of less than 
$150 million and multibank holding companies with total consolidated 
assets of less than $150 million that meet certain other criteria. This 
form is a simplified or abbreviated version of the more extensive 
parent company only financial statement for large BHCs (FR Y-9LP). This 
report collects basic balance sheet and income information for the 
parent company, information on intangible assets, and information on 
intercompany transactions.
    The FR Y-9CS is a free form supplement that may be utilized to 
collect any additional information deemed to be critical and needed in 
an expedited manner. It is intended to supplement the FR Y-9C and FR Y-
9SP reports.
    The FR Y-9ES collects financial information from employee stock 
ownership plans that are also BHCs on their benefit plan activities as 
of December 31. It consists of four schedules: Statement of Changes in 
Net Assets Available for Benefits, Statement of Net Assets Available 
for Benefits, Memoranda, and Notes to the Financial Statements.
    Current Actions: On July 12, 2005, the Federal Reserve issued for 
public comment proposed revisions to the BHC reports (70 FR 40025). The 
comment period ended on September 12, 2005. The Federal Reserve did not 
receive any comments. The changes will be implemented as proposed 
effective with the September 30, 2005, report date.
    The Federal Reserve will revise the FR Y-9C to collect information 
on purchased impaired loans in response to Statement of Position 03-3, 
Accounting for Certain Loans or Debt Securities Acquired in a Transfer 
issued by the American Institute of Certified Public Accountants, and 
to collect information related to the Government National Mortgage 
Association (GNMA) mortgage loan optional repurchase program (rebooked 
loans backing GNMA securities). The revisions are consistent with the 
changes to the FFIEC 031 Call Report, effective for the June 2005 
report date. In addition to modifying instructions to incorporate the 
reporting changes, instructions will be revised and clarified in an 
attempt to achieve greater consistency in reporting by respondents.


[[Page 55858]]


    Board of Governors of the Federal Reserve System, September 19, 
2005.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 05-19029 Filed 9-22-05; 8:45 am]
BILLING CODE 6210-01-P
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.