Proposed Agency Information Collection Activities; Comment Request, 75434-75437 [2012-30636]

Download as PDF tkelley on DSK3SPTVN1PROD with 75434 Federal Register / Vol. 77, No. 245 / Thursday, December 20, 2012 / Notices collection of personally identifiable information from individuals. Privacy Impact Assessment: No impact(s). Needs and Uses: 47 CFR 64.1504 of the Commission’s rules incorporates the requirements of Sections 228(c)(7)–(10) of the Communications Act restricting the manner in which toll-free numbers may be used to charge telephone subscribers for information services. Common carriers may not charge a calling party for information conveyed on a toll-free number call, unless the calling party: (1) Has executed a written agreement that specifies the material terms and conditions under which the information is provided, or (2) pays for the information by means of a prepaid account, credit, debit, charge, or calling card and the information service provider gives the calling party an introductory message disclosing the cost and other terms and conditions for the service. The disclosure requirements are intended to ensure that consumers know when charges will be levied for calls to toll-free numbers and are able to obtain information necessary to make informed choices about whether to purchase toll-free information services. 47 CFR 64.1509 of the Commission rules incorporates the requirements of 47 U.S.C. (c)(2) and 228 (d)(2)–(3) of the Communications Act. Common carriers that assign telephone numbers to payper-call services must disclose to all interested parties, upon request, a list of all assigned pay-per-call numbers. For each assigned number, carriers must also make available: (1) A description of the pay-per-call services; (2) the total cost per minute or other fees associated with the service; and (3) the service provider’s name, business address, and telephone number. In addition, carriers handling pay-per-call services must establish a toll-free number that consumers may call to receive information about pay-per-call services. Finally, the Commission requires carriers to provide statements of payper-call rights and responsibilities to new telephone subscribers at the time service is established and, although not required by statute, to all subscribers annually. Under 47 CFR 64.1510 of the Commission’s rules, telephone bills containing charges for interstate payper-call and other information services must include information detailing consumers’ rights and responsibilities with respect to these charges. Specifically, telephone bills carrying pay-per-call charges must include a consumer notification stating that: (1) The charges are for non-communication services; (2) local and long distance VerDate Mar<15>2010 16:07 Dec 19, 2012 Jkt 229001 telephone services may not be disconnected for failure to pay per-call charges; (3) pay-per-call (900 number) blocking is available upon request; and (4) access to pay-per-call services may be involuntarily blocked for failure to pay per-call charges. In addition, each call billed must show the type of services, the amount of the charge, and the date, time, and duration of the call. Finally, the bill must display a toll-free number which subscribers may call to obtain information about pay-per-call services. Similar billing disclosure requirements apply to charges for information services either billed to subscribers on a collect basis or accessed by subscribers through a tollfree number. The billing disclosure requirements are intended to ensure that telephone subscribers billed for pay-percall or other information services can understand the charges levied and are informed of their rights and responsibilities with respect to payment of such charges. Federal Communications Commission. Marlene H. Dortch, Secretary. [FR Doc. 2012–30596 Filed 12–19–12; 8:45 am] BILLING CODE 6712–01–P FEDERAL COMMUNICATIONS COMMISSION SPRINGDALE, UT; MCC RADIO, LLC, Station KWOK, Facility ID 68057, BP– 20121114AGE, From HOQUIAM, WA, To ABERDEEN, WA; MCC RADIO, LLC, Station KDUX–FM, Facility ID 52676, BPH–20121114AGF, From ABERDEEN, WA, To HOQUIAM, WA; TRUTH BROADCASTING CORPORATION, Station KTIA–FM, Facility ID 6417, BPH–20121113AMW, From BOONE, IA, To HUXLEY, IA. DATES: The agency must receive comments on or before February 19, 2013. Federal Communications Commission, 445 Twelfth Street SW., Washington, DC 20554. FOR FURTHER INFORMATION CONTACT: Tung Bui, 202–418–2700. SUPPLEMENTARY INFORMATION: The full text of these applications is available for inspection and copying during normal business hours in the Commission’s Reference Center, 445 12th Street SW., Washington, DC 20554 or electronically via the Media Bureau’s Consolidated Data Base System, http:// svartifoss2.fcc.gov/prod/cdbs/pubacc/ prod/cdbs_pa.htm. A copy of this application may also be purchased from the Commission’s duplicating contractor, Best Copy and Printing, Inc., 445 12th Street SW., Room CY–B402, Washington, DC 20554, telephone 1– 800–378–3160 or www.BCPIWEB.com. ADDRESSES: Radio Broadcasting Services; AM or FM Proposals To Change the Community of License Federal Communications Commission. James D. Bradshaw, Deputy Chief, Audio Division, Media Bureau. Federal Communications Commission. ACTION: Notice. [FR Doc. 2012–30594 Filed 12–19–12; 8:45 am] AGENCY: The following applicants filed AM or FM proposals to change the community of license: CHEHALIS VALLEY EDUCATIONAL FOUNDATION, Station KACS, Facility ID 10685, BPED–20121009ABE, From RAINIER, WA, To CHEHALIS, WA; CHRISTOPHER FALLETTI, Station NEW, Facility ID 190424, BMPH– 20121018ABU, From PHILLIPSBURG, KS, To WAKEENEY, KS; GULF SOUTH COMMUNICATIONS, INC., Station WDJR, Facility ID 25575, BPH– 20121119AOD, From ENTERPRISE, AL, To HARTFORD, AL; GULF SOUTH COMMUNICATIONS, INC., Station WDBT, Facility ID 62206, BPH– 20121119AOG, From HARTFORD, AL, To HOPE HULL, AL; HUNT COUNTY RADIO, LLC, Station KIKT, Facility ID 21597, BPH–20121126ABU, From GREENVILLE, TX, To COOPER, TX; JER LICENSES, LLC, Station NEW, Facility ID 190381, BNPH–20120529ALI, From PEACH SPRINGS, AZ, To SUMMARY: PO 00000 Frm 00029 Fmt 4703 Sfmt 4703 BILLING CODE 6712–01–P FEDERAL RESERVE SYSTEM Proposed Agency Information Collection Activities; Comment Request Board of Governors of the Federal Reserve System. SUMMARY: On June 15, 1984, the Office of Management and Budget (OMB) delegated to the Board of Governors of the Federal Reserve System (Board) its approval authority under the Paperwork Reduction Act (PRA), pursuant to 5 CFR 1320.16, to approve of and assign OMB control numbers to collection of information requests and requirements conducted or sponsored by the Board under conditions set forth in 5 CFR part 1320 Appendix A.1. Board-approved collections of information are incorporated into the official OMB inventory of currently approved collections of information. Copies of the Paperwork Reduction Act Submission, AGENCY: E:\FR\FM\20DEN1.SGM 20DEN1 tkelley on DSK3SPTVN1PROD with Federal Register / Vol. 77, No. 245 / Thursday, December 20, 2012 / Notices 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 February 19, 2013 ADDRESSES: You may submit comments, identified by FR Y–14A/Q/M, by any of the following methods: • Agency Web Site: http:// www.federalreserve.gov. Follow the instructions for submitting comments at http://www.federalreserve.gov/ generalinfo/foia/ProposedRegs.cfm. • Federal eRulemaking Portal: http:// www.regulations.gov. Follow the instructions for submitting comments. • Email: regs.comments@federalreserve.gov. Include OMB number in the subject line of the message. • Fax: (202) 452–3819 or (202) 452– 3102. • Mail: Robert deV. Frierson, Secretary, Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue NW., Washington, DC 20551. All public comments are available from the Board’s Web site at www.federalreserve.gov/generalinfo/ foia/ProposedRegs.cfm as submitted, unless modified for technical reasons. Accordingly, your comments will not be edited to remove any identifying or contact information. Public comments may also be viewed electronically or in paper form in Room MP–500 of the Board’s Martin Building (20th and C Streets NW.) between 9:00 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 Federal Reserve 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. VerDate Mar<15>2010 16:07 Dec 19, 2012 Jkt 229001 Federal Reserve Board Clearance Officer—Cynthia Ayouch-Division of Research and Statistics, Board of Governors of the Federal Reserve System, Washington, DC 20551 (202) 452–3829. Telecommunications Device for the Deaf (TDD) users may contact (202) 263–4869, Board of Governors of the Federal Reserve System, Washington, DC 20551. SUPPLEMENTARY INFORMATION: Request for Comment on Information Collection Proposal The following information collection, which is being handled under this delegated authority, has received initial Board approval and is hereby published for comment. At the end of the comment period, the proposed information collection, along with an analysis of comments and recommendations received, will be submitted to the Board for final approval under OMB delegated authority. Comments are invited on the following: a. Whether the proposed collection of information is necessary for the proper performance of the Federal Reserve’s functions; including whether the information has practical utility; b. The accuracy of the Federal Reserve’s estimate of the burden of the proposed information collection, including the validity of the methodology and assumptions used; c. Ways to enhance the quality, utility, and clarity of the information to be collected; d. Ways to minimize the burden of information collection on respondents, including through the use of automated collection techniques or other forms of information technology; and e. Estimates of capital or start up costs and costs of operation, maintenance, and purchase of services to provide information. Proposal To Revise Under OMB Delegated Authority the Following Report 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-annual, quarterly, and monthly. Reporters: Large banking organizations that meet an annual threshold of $50 billion or more in total consolidated assets (large Bank Holding Companies or large BHCs), as defined by the Capital Plan rule (12 CFR 225.8).1 1 The Capital Plan rule applies to every top-tier large BHC. This asset threshold is consistent with the threshold established by section 165 of the PO 00000 Frm 00030 Fmt 4703 Sfmt 4703 75435 Estimated annual reporting hours: FR Y–14A: Summary, 50,160 hours; Macro scenario, 1,860 hours; Counterparty credit risk (CCR), 2,292 hours; Basel III/ Dodd-Frank, 600 hours; and Regulatory capital, 600 hours. FR Y–14 Q: Securities risk, 1,200 hours; Retail risk, 1,920 hours; Pre-provision net revenue (PPNR), 75,000 hours; Wholesale corporate loans, 6,720 hours; Wholesale commercial real estate (CRE) loans, 6,480 hours; Trading risk, 41,280 hours; Basel III/Dodd-Frank, 2,400 hours; Regulatory capital, 4,800 hours; and Operational risk, 3,360 hours; and Mortgage Servicing Rights (MSR) Valuation, 864 hours; Supplemental, 960 hours; and Retail Fair Value Option/Held for Sale (Retail FVO/HFS), 1,216 hours. FR Y–14M: Retail 1st lien mortgage, 153,000 hours; Retail home equity, 146,880 hours; and Retail credit card, 91,800 hours. FR Y–14 Implementation and On-Going Automation: Start-up for new respondents, 79,200 hours; and Ongoing revisions for existing respondents, 9,120 hours. Estimated average hours per response: FR Y–14A: Summary, 836 hours; Macro scenario, 31 hours; CCR, 382 hours; Basel III/Dodd-Frank, 20 hours; and Regulatory capital, 20 hours. FR Y–14Q: Securities risk, 10 hours; Retail risk, 16 hours; PPNR, 625 hours; Wholesale corporate loans, 60 hours; Wholesale CRE loans, 60 hours; Trading risk, 1,720 hours; Basel III/Dodd-Frank, 20 hours; Regulatory capital, 40 hours; Operational risk, 28 hours, MSR Valuation, 24 hours; Supplemental, 8 hours; and Retail FVO/HFS, 16 hours. FR Y–14M: Retail 1st lien mortgage, 510 hours; Retail home equity, 510 hours; and Retail credit card, 510 hours. FR Y– 14 Implementation and On-Going Automation: Start-up for new respondents, 7,200 hours; and On-going revisions for existing respondents, 480 hours. Number of respondents: 30. General description of report: The FR Y–14 series of reports are authorized by section 165 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act), which requires the Federal Reserve to ensure that certain BHCs and nonbank financial companies supervised by the Federal Reserve are subject to enhanced riskbased and leverage standards in order to mitigate risks to the financial stability of the United States (12 U.S.C. 5365). Additionally, section 5 of the BHC Act authorizes the Board to issue regulations and conduct information collections Dodd-Frank Act relating to enhanced supervision and prudential standards for certain BHCs. E:\FR\FM\20DEN1.SGM 20DEN1 tkelley on DSK3SPTVN1PROD with 75436 Federal Register / Vol. 77, No. 245 / Thursday, December 20, 2012 / Notices with regard to the supervision of BHCs (12 U.S.C. 1844). 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 FOIA exemption 4 (5 U.S.C. 552(b)(4)). 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-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 (1) continuous monitoring of BHCs’ planning and management of liquidity and funding resources and (2) 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 annual FR Y–14A collects large BHCs’ 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.2 The quarterly FR Y–14Q collects granular data on BHCs’ various asset classes and PPNR for the reporting period, which are used to support supervisory stress test models and for continuous monitoring efforts. The monthly FR Y–14M comprises three loan- and portfolio-level collections, and one detailed address matching collection to supplement the two loanlevel collections for first lien mortgages and home equity mortgages. On October 12, 2012, the Federal Reserve published two final rules in the 2 BHCs that must re-submit their capital plan generally also must provide a revised FR Y–14A in connection with their resubmission. VerDate Mar<15>2010 16:07 Dec 19, 2012 Jkt 229001 Federal Register (77 FR 62409) with stress testing requirements for certain bank holding companies, state member banks, and savings and loan holding companies. The final rules implement sections 165(i)(1) and (i)(2) of the DoddFrank Act. Section 165(i)(1) of the Dodd-Frank Act requires the Board to conduct an annual stress test of each covered company 3 to evaluate whether the covered company has sufficient capital, on a total consolidated basis, to absorb losses as a result of adverse economic conditions (supervisory stress tests). Section 165 (i)(2) requires the Board to issue regulations that require covered companies to conduct stress tests semi-annually and require financial companies with total consolidated assets of more than $10 billion that are not covered companies and for which the Federal Reserve is the primary federal financial regulatory agency to conduct stress tests on an annual basis (collectively, company-run stress tests). Current Actions: The Federal Reserve proposes to revise the monthly FR Y– 14M schedules and modify the frequency for certain FR Y–14A and FR Y–14Q schedules, effective March 31, 2013. Revisions to the FR Y–14M schedules include: (1) Adding data items to all three loan- and portfoliolevel collections, and the address matching collection, (2) clarifying several data items currently collected, and (3) deleting data items that are no longer needed. A summary of the proposed revisions is provided below. Proposed revisions to the FR Y–14A (annual collection)—Effective November 15, 2012, sections 252.145 (Mid-cycle stress test) and 252.147(a)(2) (Reports of stress test results) of Regulation YY (12 CFR 252) Supervisory and Company-Run Stress Test Requirements for Covered Companies, requires that, in addition to the stress test required under section 252.144, a covered company must conduct a stress test and report the results by July 5th during each stress test cycle based on data as of March 31st of that calendar year, unless the time or the as-of date is extended by the Board in writing.4 Therefore, the Federal Reserve proposes revising the reporting frequency from annual to semi-annual for the Summary and Macro scenario schedules. In the mid-cycle summary schedules, trading and counterparty worksheets would be used if a market 3 See 12 U.S.C. 5365(a). A ‘‘covered company’’ includes any bank holding company with total consolidated assets of $50 billion or more and each nonbank financial company that the Council has designated for supervision by the Board. 4 Published October 12, 2012 (77 FR 62378) PO 00000 Frm 00031 Fmt 4703 Sfmt 4703 shock is included in one of the BHC stress scenarios. In the mid-cycle macro scenario schedule, BHCs would not be required to provide items related to supervisory scenarios. Proposed revisions to the FR Y–14Q (quarterly collection)—The Federal Reserve proposes revising the FR Y–14Q Basel III/Dodd-Frank schedule and Regulatory Capital Instruments schedule to increase the reporting frequency from three times to four times a year effective beginning with the September 30, 2013 report date. The Federal Reserve needs these data to be provided quarterly, consistent with the data provided in other FR Y–14Q schedules. The previous frequency of three times a year reflected the fact that these schedules were implemented in the fourth quarter 2011 and were reported only three quarters during the first year of implementation. Proposed revisions to the FR Y–14M (monthly collection)—The proposed revisions to the FR Y–14M (monthly collection) consist of adding data items, clarifying instructions, and clarifying current data items on four schedules. The proposed changes to the FR Y–14M monthly data collections would (1) Provide additional information to support supervisory models used during CCAR and Dodd-Frank Act Stress Testing (DFAST) as well as continuous supervisory monitoring of BHCs’ portfolios, (2) be responsive to industry comments, (3) create greater uniformity in the information collected across respondents, (4) create greater consistency in field definitions across related FR Y–14 schedules, (5) account for developments in the market for loan products, (6) clarify ambiguity in existing variable definitions, and (7) create efficiencies in the processing of the data. In addition, the Federal Reserve believes that because many of the proposed new data items request information that large servicers of these loans currently collect in the regular course of business, the incremental burden of adding such fields would be low. Some of the proposed changes are also intended to facilitate increased data sharing across regulatory agencies that should reduce the overall burden of data submissions on reporters. In addition, some fields will have the added benefit of facilitating the review Basel II implementation at certain BHCs. Domestic First Lien Closed-End 1–4 Family Residential Loan Schedule The Federal Reserve proposes adding 40 data items to the Domestic First Lien Closed-End 1–4 Family Residential Loan schedule to collect information on loans before and after modification, loan E:\FR\FM\20DEN1.SGM 20DEN1 Federal Register / Vol. 77, No. 245 / Thursday, December 20, 2012 / Notices performance and status indicators, risk analysis and loss information, Basel II parameters and identifier variables (such as customer and co-borrower ID). Also, the Federal Reserve proposes to remove three data items from the loan level table that can be derived from other data items. The Federal Reserve specifically requests comment on an institution’s ability to report data related to Loss Given Default (LGD) on first Lien and home equity loans in cases of involuntary termination. The Federal Reserve specifically requests comment on what information, in addition to total debt at time of any involuntary termination, net recovery amount, and sales price of property, would be appropriate to collect in order to estimate LGD. Domestic Home Equity Loan and Home Equity Line Schedule The Federal Reserve proposes adding 27 data items to the Domestic Home Equity Loan and Home Equity Line schedule and deleting one data item. The Federal Reserve proposes adding the data items to provide more information on loan performance, including loss, default, modification, foreclosure and recovery variables, and Basel II parameters, and to be consistent with the proposed revisions to the Domestic First Lien Closed End 1–4 Family Residential Loan schedule, as discussed above. The Federal Reserve proposes to delete the Paid-in-Full Coding data item (Field 52), as this information is sufficiently captured in the Liquidation Status data item (Field 54). tkelley on DSK3SPTVN1PROD with Address Matching Loan Level Data Collection The Federal Reserve proposes to add one data item to the Address Matching Loan Level Data Collection schedule to indicate whether the loan is included in the FR Y–14M First Lien Closed-End or Home Equity Loan and Home Equity Line schedule for that month. Domestic Credit Card Data Collection Data Dictionary The Federal Reserve proposes to add 65 data items to the Domestic Credit Card Data Collection Data Dictionary schedule. 46 data items would be added at the account level to collect information surrounding identifier variables (including corporation and borrower IDs, address, entity type, and trade key), purchase and payment rate variables, status and performance data, various fees incurred, workout program descriptors, and credit scores and limits. In addition, the Federal Reserve VerDate Mar<15>2010 16:07 Dec 19, 2012 Jkt 229001 proposes to revise the current reporting of 11 account level data items from optional to mandatory, in order to create greater uniformity in the reporting of balance, cycle and account dates and amounts. At the portfolio level, 19 data items would be added to collect information on interest and non-interest expenses, interest and noninterest income, various types of fee income, and taxes. Copies of the draft reporting forms and instructions and additional details on the proposed data items are available on the Federal Reserve Board’s public Web site at: http:// www.federalreserve.gov/apps/ reportforms/review.aspx. Board of Governors of the Federal Reserve System, December 14, 2012. Robert deV. Frierson, Secretary of the Board. [FR Doc. 2012–30636 Filed 12–19–12; 8:45 am] BILLING CODE 6210–01–P DEPARTMENT OF HEALTH AND HUMAN SERVICES Administration for Children and Families Proposed Information Collection Activity; Comment Request Title: Health Profession Opportunity Grants (HPOG) program. OMB No.: 0970–0394. Description: The Administration for Children and Families (ACF), U.S. Department of Health and Human Services (HHS) is proposing data collection activities as part of the Health Profession Opportunity Grants (HPOG) program. ACF has developed a multipronged research and evaluation approach for the HPOG program to better understand and assess the activities conducted and their results. The proposed data collection activities described in this notice will provide data for three evaluation components, the National Implementation Evaluation of the Health Profession Opportunity Grants to Serve TANF Recipients and Other Low-Income Individuals (HPOG– NIE) and the Impact Studies of the Health Profession Opportunity Grants (HPOG-Impact), and the Innovative Strategies for Increasing Self Sufficiency (ISIS) evaluation. Two data collection efforts related to HPOG research were approved by OMB, including approval of a Performance Reporting System (PRS) (approved September 2011) and for collection of additional baseline data for the HPOGImpact study (approved October 2012). One data collection of ISIS was PO 00000 Frm 00032 Fmt 4703 Sfmt 4703 75437 approved (November 2011) and follow up data collection instruments are currently under review. This 60-day notice describes the remaining data collection efforts for both HPOG–NIE and HPOG-Impact. Two of the proposed instruments will collect data from all of the ISIS sites. Information collection described under 1 through 9 will be included in the next OMB submission for review. Information collections 10 through 14 will be submitted in a future information collection clearance request. The goal of HPOG–NIE is to describe and assess the implementation, systems change, and outcomes and other important information about the operations of the 27 HPOG grantees focused on TANF recipients and other low-income individuals. To achieve these goals, it is necessary to collect data about the HPOG program designs and implementation, HPOG partner and program networks and indicators of systems change, employers’ perceptions of HPOG programs, the composition and intensity of HPOG services received, participant characteristics and HPOG experiences, and participant outputs and outcomes. The goal of HPOG-Impact is to evaluate the effectiveness of approaches used by 20 of the HPOG grantees to provide TANF recipients and other low-income individuals with opportunities for education, training and advancement within the health care field. HPOG-Impact also is intended to evaluate variation in participant impact that may be attributable to different HPOG program components and models. The impact study design is a classic experiment in which eligible applicants will be randomly assigned to a treatment group that is offered participation in HPOG and a control group that is not permitted to enroll in HPOG. Data collected from the HPOG participants served by these 20 grantees will also be used for the HPOG–NIE study. The goal of ISIS is to test a range of promising career pathways strategies to promote education, employment, and self-sufficiency. Three HPOG grantees are in the ISIS evaluation along with 6 additional non-HPOG sites. The information collection activities to be submitted in the next request package include: (1) The HPOG–NIE sample frame questionnaire will ask respondents from each of the 27 TANF and low-income HPOG grantees to identify and provide contact information for potential respondents to the surveys described in items 2–4. E:\FR\FM\20DEN1.SGM 20DEN1

Agencies

[Federal Register Volume 77, Number 245 (Thursday, December 20, 2012)]
[Notices]
[Pages 75434-75437]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-30636]


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FEDERAL RESERVE SYSTEM


Proposed Agency Information Collection Activities; Comment 
Request

AGENCY: Board of Governors of the Federal Reserve System.

SUMMARY:  On June 15, 1984, the Office of Management and Budget (OMB) 
delegated to the Board of Governors of the Federal Reserve System 
(Board) its approval authority under the Paperwork Reduction Act (PRA), 
pursuant to 5 CFR 1320.16, to approve of and assign OMB control numbers 
to collection of information requests and requirements conducted or 
sponsored by the Board under conditions set forth in 5 CFR part 1320 
Appendix A.1. Board-approved collections of information are 
incorporated into the official OMB inventory of currently approved 
collections of information. Copies of the Paperwork Reduction Act 
Submission,

[[Page 75435]]

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 February 19, 2013

ADDRESSES: You may submit comments, identified by FR Y-14A/Q/M, by any 
of the following methods:
     Agency Web Site: http://www.federalreserve.gov. Follow the 
instructions for submitting comments at http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm.
     Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments.
     Email: regs.comments@federalreserve.gov. Include OMB 
number in the subject line of the message.
     Fax: (202) 452-3819 or (202) 452-3102.
     Mail: Robert deV. Frierson, Secretary, Board of Governors 
of the Federal Reserve System, 20th Street and Constitution Avenue NW., 
Washington, DC 20551.
    All public comments are available from the Board's Web site at 
www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm as submitted, 
unless modified for technical reasons. Accordingly, your comments will 
not be edited to remove any identifying or contact information. Public 
comments may also be viewed electronically or in paper form in Room MP-
500 of the Board's Martin Building (20th and C Streets NW.) between 
9:00 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 Federal Reserve 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--Cynthia Ayouch-Division of 
Research and Statistics, Board of Governors of the Federal Reserve 
System, Washington, DC 20551 (202) 452-3829. Telecommunications Device 
for the Deaf (TDD) users may contact (202) 263-4869, Board of Governors 
of the Federal Reserve System, Washington, DC 20551.

SUPPLEMENTARY INFORMATION: 

Request for Comment on Information Collection Proposal

    The following information collection, which is being handled under 
this delegated authority, has received initial Board approval and is 
hereby published for comment. At the end of the comment period, the 
proposed information collection, along with an analysis of comments and 
recommendations received, will be submitted to the Board for final 
approval under OMB delegated authority. Comments are invited on the 
following:
    a. Whether the proposed collection of information is necessary for 
the proper performance of the Federal Reserve's functions; including 
whether the information has practical utility;
    b. The accuracy of the Federal Reserve's estimate of the burden of 
the proposed information collection, including the validity of the 
methodology and assumptions used;
    c. Ways to enhance the quality, utility, and clarity of the 
information to be collected;
    d. Ways to minimize the burden of information collection on 
respondents, including through the use of automated collection 
techniques or other forms of information technology; and
    e. Estimates of capital or start up costs and costs of operation, 
maintenance, and purchase of services to provide information.

Proposal To Revise Under OMB Delegated Authority the Following Report

    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-annual, quarterly, and monthly.
    Reporters: Large banking organizations that meet an annual 
threshold of $50 billion or more in total consolidated assets (large 
Bank Holding Companies or large BHCs), as defined by the Capital Plan 
rule (12 CFR 225.8).\1\
---------------------------------------------------------------------------

    \1\ The Capital Plan rule applies to every top-tier large BHC. 
This asset threshold is consistent with the threshold established by 
section 165 of the Dodd-Frank Act relating to enhanced supervision 
and prudential standards for certain BHCs.
---------------------------------------------------------------------------

    Estimated annual reporting hours: FR Y-14A: Summary, 50,160 hours; 
Macro scenario, 1,860 hours; Counterparty credit risk (CCR), 2,292 
hours; Basel III/Dodd-Frank, 600 hours; and Regulatory capital, 600 
hours. FR Y-14 Q: Securities risk, 1,200 hours; Retail risk, 1,920 
hours; Pre-provision net revenue (PPNR), 75,000 hours; Wholesale 
corporate loans, 6,720 hours; Wholesale commercial real estate (CRE) 
loans, 6,480 hours; Trading risk, 41,280 hours; Basel III/Dodd-Frank, 
2,400 hours; Regulatory capital, 4,800 hours; and Operational risk, 
3,360 hours; and Mortgage Servicing Rights (MSR) Valuation, 864 hours; 
Supplemental, 960 hours; and Retail Fair Value Option/Held for Sale 
(Retail FVO/HFS), 1,216 hours. FR Y-14M: Retail 1st lien mortgage, 
153,000 hours; Retail home equity, 146,880 hours; and Retail credit 
card, 91,800 hours. FR Y-14 Implementation and On-Going Automation: 
Start-up for new respondents, 79,200 hours; and On-going revisions for 
existing respondents, 9,120 hours.
    Estimated average hours per response: FR Y-14A: Summary, 836 hours; 
Macro scenario, 31 hours; CCR, 382 hours; Basel III/Dodd-Frank, 20 
hours; and Regulatory capital, 20 hours. FR Y-14Q: Securities risk, 10 
hours; Retail risk, 16 hours; PPNR, 625 hours; Wholesale corporate 
loans, 60 hours; Wholesale CRE loans, 60 hours; Trading risk, 1,720 
hours; Basel III/Dodd-Frank, 20 hours; Regulatory capital, 40 hours; 
Operational risk, 28 hours, MSR Valuation, 24 hours; Supplemental, 8 
hours; and Retail FVO/HFS, 16 hours. FR Y-14M: Retail 1st lien 
mortgage, 510 hours; Retail home equity, 510 hours; and Retail credit 
card, 510 hours. FR Y-14 Implementation and On-Going Automation: Start-
up for new respondents, 7,200 hours; and On-going revisions for 
existing respondents, 480 hours.
    Number of respondents: 30.
    General description of report: The FR Y-14 series of reports are 
authorized by section 165 of the Dodd-Frank Wall Street Reform and 
Consumer Protection Act of 2010 (Dodd-Frank Act), which requires the 
Federal Reserve to ensure that certain BHCs and nonbank financial 
companies supervised by the Federal Reserve are subject to enhanced 
risk-based and leverage standards in order to mitigate risks to the 
financial stability of the United States (12 U.S.C. 5365). 
Additionally, section 5 of the BHC Act authorizes the Board to issue 
regulations and conduct information collections

[[Page 75436]]

with regard to the supervision of BHCs (12 U.S.C. 1844).
    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 FOIA exemption 4 (5 
U.S.C. 552(b)(4)). 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 (1) continuous monitoring of BHCs' planning and 
management of liquidity and funding resources and (2) 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 annual FR Y-14A collects large BHCs' 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.\2\ 
The quarterly FR Y-14Q collects granular data on BHCs' various asset 
classes and PPNR for the reporting period, which are used to support 
supervisory stress test models and for continuous monitoring efforts. 
The monthly FR Y-14M comprises three loan- and portfolio-level 
collections, and one detailed address matching collection to supplement 
the two loan-level collections for first lien mortgages and home equity 
mortgages.
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    \2\ 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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    On October 12, 2012, the Federal Reserve published two final rules 
in the Federal Register (77 FR 62409) with stress testing requirements 
for certain bank holding companies, state member banks, and savings and 
loan holding companies. The final rules implement sections 165(i)(1) 
and (i)(2) of the Dodd-Frank Act. Section 165(i)(1) of the Dodd-Frank 
Act requires the Board to conduct an annual stress test of each covered 
company \3\ to evaluate whether the covered company has sufficient 
capital, on a total consolidated basis, to absorb losses as a result of 
adverse economic conditions (supervisory stress tests). Section 165 
(i)(2) requires the Board to issue regulations that require covered 
companies to conduct stress tests semi-annually and require financial 
companies with total consolidated assets of more than $10 billion that 
are not covered companies and for which the Federal Reserve is the 
primary federal financial regulatory agency to conduct stress tests on 
an annual basis (collectively, company-run stress tests).
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    \3\ See 12 U.S.C. 5365(a). A ``covered company'' includes any 
bank holding company with total consolidated assets of $50 billion 
or more and each nonbank financial company that the Council has 
designated for supervision by the Board.
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    Current Actions: The Federal Reserve proposes to revise the monthly 
FR Y-14M schedules and modify the frequency for certain FR Y-14A and FR 
Y-14Q schedules, effective March 31, 2013. Revisions to the FR Y-14M 
schedules include: (1) Adding data items to all three loan- and 
portfolio-level collections, and the address matching collection, (2) 
clarifying several data items currently collected, and (3) deleting 
data items that are no longer needed. A summary of the proposed 
revisions is provided below.
    Proposed revisions to the FR Y-14A (annual collection)--Effective 
November 15, 2012, sections 252.145 (Mid-cycle stress test) and 
252.147(a)(2) (Reports of stress test results) of Regulation YY (12 CFR 
252) Supervisory and Company-Run Stress Test Requirements for Covered 
Companies, requires that, in addition to the stress test required under 
section 252.144, a covered company must conduct a stress test and 
report the results by July 5th during each stress test cycle based on 
data as of March 31st of that calendar year, unless the time or the as-
of date is extended by the Board in writing.\4\ Therefore, the Federal 
Reserve proposes revising the reporting frequency from annual to semi-
annual for the Summary and Macro scenario schedules. In the mid-cycle 
summary schedules, trading and counterparty worksheets would be used if 
a market shock is included in one of the BHC stress scenarios. In the 
mid-cycle macro scenario schedule, BHCs would not be required to 
provide items related to supervisory scenarios.
---------------------------------------------------------------------------

    \4\ Published October 12, 2012 (77 FR 62378)
---------------------------------------------------------------------------

    Proposed revisions to the FR Y-14Q (quarterly collection)--The 
Federal Reserve proposes revising the FR Y-14Q Basel III/Dodd-Frank 
schedule and Regulatory Capital Instruments schedule to increase the 
reporting frequency from three times to four times a year effective 
beginning with the September 30, 2013 report date. The Federal Reserve 
needs these data to be provided quarterly, consistent with the data 
provided in other FR Y-14Q schedules. The previous frequency of three 
times a year reflected the fact that these schedules were implemented 
in the fourth quarter 2011 and were reported only three quarters during 
the first year of implementation.
    Proposed revisions to the FR Y-14M (monthly collection)--The 
proposed revisions to the FR Y-14M (monthly collection) consist of 
adding data items, clarifying instructions, and clarifying current data 
items on four schedules. The proposed changes to the FR Y-14M monthly 
data collections would (1) Provide additional information to support 
supervisory models used during CCAR and Dodd-Frank Act Stress Testing 
(DFAST) as well as continuous supervisory monitoring of BHCs' 
portfolios, (2) be responsive to industry comments, (3) create greater 
uniformity in the information collected across respondents, (4) create 
greater consistency in field definitions across related FR Y-14 
schedules, (5) account for developments in the market for loan 
products, (6) clarify ambiguity in existing variable definitions, and 
(7) create efficiencies in the processing of the data. In addition, the 
Federal Reserve believes that because many of the proposed new data 
items request information that large servicers of these loans currently 
collect in the regular course of business, the incremental burden of 
adding such fields would be low. Some of the proposed changes are also 
intended to facilitate increased data sharing across regulatory 
agencies that should reduce the overall burden of data submissions on 
reporters. In addition, some fields will have the added benefit of 
facilitating the review Basel II implementation at certain BHCs.

Domestic First Lien Closed-End 1-4 Family Residential Loan Schedule

    The Federal Reserve proposes adding 40 data items to the Domestic 
First Lien Closed-End 1-4 Family Residential Loan schedule to collect 
information on loans before and after modification, loan

[[Page 75437]]

performance and status indicators, risk analysis and loss information, 
Basel II parameters and identifier variables (such as customer and co-
borrower ID). Also, the Federal Reserve proposes to remove three data 
items from the loan level table that can be derived from other data 
items.
    The Federal Reserve specifically requests comment on an 
institution's ability to report data related to Loss Given Default 
(LGD) on first Lien and home equity loans in cases of involuntary 
termination. The Federal Reserve specifically requests comment on what 
information, in addition to total debt at time of any involuntary 
termination, net recovery amount, and sales price of property, would be 
appropriate to collect in order to estimate LGD.

Domestic Home Equity Loan and Home Equity Line Schedule

    The Federal Reserve proposes adding 27 data items to the Domestic 
Home Equity Loan and Home Equity Line schedule and deleting one data 
item. The Federal Reserve proposes adding the data items to provide 
more information on loan performance, including loss, default, 
modification, foreclosure and recovery variables, and Basel II 
parameters, and to be consistent with the proposed revisions to the 
Domestic First Lien Closed End 1-4 Family Residential Loan schedule, as 
discussed above. The Federal Reserve proposes to delete the Paid-in-
Full Coding data item (Field 52), as this information is sufficiently 
captured in the Liquidation Status data item (Field 54).

Address Matching Loan Level Data Collection

    The Federal Reserve proposes to add one data item to the Address 
Matching Loan Level Data Collection schedule to indicate whether the 
loan is included in the FR Y-14M First Lien Closed-End or Home Equity 
Loan and Home Equity Line schedule for that month.

Domestic Credit Card Data Collection Data Dictionary

    The Federal Reserve proposes to add 65 data items to the Domestic 
Credit Card Data Collection Data Dictionary schedule. 46 data items 
would be added at the account level to collect information surrounding 
identifier variables (including corporation and borrower IDs, address, 
entity type, and trade key), purchase and payment rate variables, 
status and performance data, various fees incurred, workout program 
descriptors, and credit scores and limits. In addition, the Federal 
Reserve proposes to revise the current reporting of 11 account level 
data items from optional to mandatory, in order to create greater 
uniformity in the reporting of balance, cycle and account dates and 
amounts. At the portfolio level, 19 data items would be added to 
collect information on interest and non-interest expenses, interest and 
noninterest income, various types of fee income, and taxes.
    Copies of the draft reporting forms and instructions and additional 
details on the proposed data items are available on the Federal Reserve 
Board's public Web site at: http://www.federalreserve.gov/apps/reportforms/review.aspx.

    Board of Governors of the Federal Reserve System, December 14, 
2012.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2012-30636 Filed 12-19-12; 8:45 am]
BILLING CODE 6210-01-P