Proposed Agency Information Collection Activities; Comment Request, 4468-4472 [2014-01582]
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Federal Register / Vol. 79, No. 18 / Tuesday, January 28, 2014 / Notices
Guidance on Sound Incentive
Compensation Policies, which is
currently approved under OMB Control
No. 3064–0175. No comments were
received on the proposal to renew. The
FDIC hereby gives notice of submission
to OMB of its request to renew the
collection.
Comments must be submitted on
or before February 27, 2014.
ADDRESSES: Interested parties are
invited to submit written comments to
the FDIC by any of the following
methods:
• https://www.FDIC.gov/regulations/
laws/federal/notices.html
• Email: comments@fdic.gov Include
the name of the collection in the subject
line of the message.
• Mail: Leneta G. Gregorie (202–898–
3719), Counsel, Room NYA–5050,
Federal Deposit Insurance Corporation,
550 17th Street NW., Washington, DC
20429.
• Hand Delivery: Comments may be
hand-delivered to the guard station at
the rear of the 17th Street Building
(located on F Street), on business days
between 7 a.m. and 5 p.m.
All comments should refer to the
relevant OMB control number. A copy
of the comments may also be submitted
to the OMB desk officer for the FDIC:
Office of Information and Regulatory
Affairs, Office of Management and
Budget, New Executive Office Building,
Washington, DC 20503.
FOR FURTHER INFORMATION CONTACT:
Leneta Gregorie, at the FDIC address
above.
DATES:
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SUPPLEMENTARY INFORMATION:
Proposal To Renew the Following
Currently Approved Collection of
Information
Title: Guidance on Sound Incentive
Compensation Policies.
OMB Number: 3064–0175.
Frequency of Response:
maintenance—annual.
Affected Public: Insured state
nonmember banks and state savings
associations.
Estimated Number of Respondents:
4346.
Estimated Time per Response:
maintenance—40 hours.
Total Annual Burden: 173,840 hours.
General Description of Collection:
The Guidance on Sound Incentive
Compensation Practices helps ensure
that incentive compensation policies at
insured state nonmember banks and
state savings associations do not
encourage excessive risk-taking and are
consistent with the safety and
soundness of the organization. Under
the Guidance, banks are required to: (i)
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Have policies and procedures that
identify and describe the role(s) of the
personnel and units authorized to be
involved in incentive compensation
arrangements, identify the source of
significant risk-related inputs, establish
appropriate controls governing these
inputs to help ensure their integrity, and
identify the individual(s) and unit(s)
whose approval is necessary for the
establishment or modification of
incentive compensation arrangements;
(ii) create and maintain sufficient
documentation to permit an audit of the
organization’s processes for incentive
compensation arrangements; (iii) have
any material exceptions or adjustments
to the incentive compensation
arrangements established for senior
executives approved and documented
by its board of directors; and (iv) have
its board of directors receive and
review, on an annual or more frequent
basis operation of the organization’s
incentive compensation system in
providing risk-taking incentives that are
consistent with the organization’s safety
and soundness.
MATTERS TO BE CONSIDERED:
Audit Division Recommendation
Memorandum on the Dallas County
Republican Party (DCRP) (A11–14)
Audit Division Recommendation
Memorandum on the Republican
Party of Iowa (RPIA) (A11–24)
Management and Administrative
Matters
Individuals who plan to attend and
require special assistance, such as sign
language interpretation or other
reasonable accommodations, should
contact Shawn Woodhead Werth,
Secretary and Clerk, at (202) 694–1040,
at least 72 hours prior to the meeting
date.
Request for Comment
Comments are invited on: (a) Whether
the collection of information is
necessary for the proper performance of
the FDIC’s functions, including whether
the information has practical utility; (b)
the accuracy of the estimates of the
burden of the 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; and (d) ways to minimize the
burden of the information collection on
respondents, including through the use
of automated collection techniques or
other forms of information technology.
All comments will become a matter of
public record.
Proposed Agency Information
Collection Activities; Comment
Request
CONTACT PERSON FOR MORE INFORMATION:
Judith Ingram, Press Officer, Telephone:
(202) 694–1220.
Shawn Woodhead Werth,
Secretary and Clerk of the Commission.
[FR Doc. 2014–01654 Filed 1–24–14; 11:15 am]
BILLING CODE 6715–01–P
FEDERAL RESERVE SYSTEM
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
1320 Appendix A.1. Board-approved
collections of information are
incorporated into the official OMB
Dated at Washington, DC, this 23rd day of
inventory of currently approved
January, 2014.
collections of information. Copies of the
Federal Deposit Insurance Corporation.
Paperwork Reduction Act Submission,
supporting statements and approved
Robert E. Feldman,
collection of information instruments
Executive Secretary.
are placed into OMB’s public docket
[FR Doc. 2014–01569 Filed 1–27–14; 8:45 am]
files. The Federal Reserve may not
BILLING CODE 6714–01–P
conduct or sponsor, and the respondent
is not required to respond to, an
information collection that has been
FEDERAL ELECTION COMMISSION
extended, revised, or implemented on or
after October 1, 1995, unless it displays
Sunshine Act Meetings
a currently valid OMB control number.
AGENCY: Federal Election Commission.
DATES: Comments must be submitted on
TIME AND DATE: Thursday, January 30,
or before March 31, 2014.
2014 at 10:00 a.m.
ADDRESSES: You may submit comments,
PLACE: 999 E Street, NW., Washington,
identified by FR 2225, FR 2226, FR
DC (ninth floor).
3054a,b,c,d, FR Y–9C, FR Y–9LP, FR Y–
STATUS: This meeting will be open to the 9SP, FR Y–9ES, or FR Y–9CS by any of
public.
the following methods:
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AGENCY:
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Federal Register / Vol. 79, No. 18 / Tuesday, January 28, 2014 / Notices
• Agency Web site: https://
www.federalreserve.gov. Follow the
instructions for submitting comments at
https://www.federalreserve.gov/apps/
foia/proposedregs.aspx.
• Federal eRulemaking Portal: https://
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 https://
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 MP–500 of the
Board’s Martin Building (20th and C
Streets NW.) between 9 a.m. and 5 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: https://
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—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 Proposal
The following information
collections, which are being handled
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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 Extension for
Three Years, With Revision, of the
Following Information Collections
1. Report title: Consolidated Financial
Statements for Holding Companies.
Agency form number: FR Y–9C.
OMB control number: 7100–0128.
Frequency: Quarterly.
Reporters: Holding companies (HCs).
Estimated annual reporting hours: FR
Y–9C (non Advanced Approaches HCs):
220,366 hours; FR Y–9C (Advanced
Approaches Bank Holding Companies
(BHCs)): 2,404 hours.
Estimated average hours per response:
FR Y–9C (non Advanced Approaches
HCs): 48.84 hours; FR Y–9C (Advanced
Approaches BHCs): 50.09 hours.
Number of respondents: FR Y–9C
(non Advanced Approaches HCs): 1,128;
FR Y–9C (Advanced Approaches BHCs):
12.
General description of report: This
information collection is authorized
pursuant by Section 5(c) of the Bank
Holding Company Act [12 U.S.C.
1844(c)]. In addition, 12 U.S.C.
1467a(b)(2)(A) and 1850a(c)(1)(A)
authorize the Federal Reserve to require
that SLHCs and supervised securities
holding companies also file the FR Y–
9 series of reports with the Federal
Reserve. Overall, the Federal Reserve
does not consider the financial data in
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these reports to be confidential.
However, a respondent may request
confidential treatment pursuant to
sections (b)(4), (b)(6), and (b)(8) of the
Freedom of Information Act (FOIA) (5
U.S.C. 552(b)(4), (b)(6), and (b)(8)). The
applicability of these exemptions would
need to be reviewed on a case by case
basis.
Abstract: The FR Y–9 family of
reporting forms continues to be the
primary source of financial data on HCs
that examiners rely on in the intervals
between on-site inspections and off-site
assessments through the Small Bank
Holding Company Supervision Program.
Financial data from these reporting
forms are used to detect emerging
financial problems, to review
performance and conduct preinspection analysis, to monitor and
evaluate capital adequacy, to evaluate
HC mergers and acquisitions, and to
analyze an HC’s overall financial
condition to ensure the safety and
soundness of its operations.
The FR Y–9C consists of standardized
financial statements similar to the
Federal Financial Institutions
Examination Council (FFIEC)
Consolidated Reports of Condition and
Income (Call Reports) (FFIEC 031 & 041;
OMB No. 7100–0036) filed by
commercial banks. It collects
consolidated data from HCs, and is filed
by top-tier HCs with total consolidated
assets of $500 million or more.1
Current actions: The Federal Reserve
proposes to discontinue the Voluntary
Advance Collection of Summary FR Y–
9C Data from the Largest BHCs
(Advanced Collection). This proposal is
based on the following information:
• Since the start of the Advance
Collection process in 2004, the FR Y–9C
processing time period has shortened by
15 days allowing access to the officially
submitted data in a more timely fashion.
• The companies (i.e., the 50 largest
BHCs) participating in the process have
increased the quality and quantity of
data available in their press release
information.
• There would be resource savings at
the companies and the Federal Reserve
as a result of discontinuing the
‘‘Voluntary Advance Collection’’
process.
2. Report title: Payments Systems
Surveys: Ad Hoc Payments Systems
Survey (FR 3054a) and the Currency
Functionality Survey (FR 3054d).
Agency form numbers: FR 3054a and
FR 3054d.
OMB control number: 7100–0332.
1 Under certain circumstances described in the
General Instructions, HCs with assets under $500
million may be required to file the FR Y–9C.
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Frequency: On occasion and annually.
Reporters: Financial, institutions (or
depository institutions), individuals,
law enforcement and nonfinancial
businesses (banknote equipment
manufacturers, or global wholesale bank
note dealers).
Estimated annual reporting hours:
11,500 hours.
Estimated average hours per response:
FR 3054a: 0.75 hours; FR 3054d: 2.5
hours.
Number of respondents: FR 3054a:
12,000; and FR 3054d: 250.
General description of report: This
information collection is authorized
pursuant to Section 11(d) of the Federal
Reserve Act (12 U.S.C. § 248(d)). The
obligation to respond to the FR 3054a
and FR 3054d is voluntary. Because
survey questions may differ from survey
to survey, it is difficult to determine
whether the information collected will
be considered confidential. However,
information may be exempt from
disclosure under exemption 4 of the
FOIA, 5 U.S.C. 552(b)(4), if disclosure
would likely have the effect of (1)
Impairing the government’s ability to
obtain the necessary information in the
future, or (2) causing substantial harm to
the competitive position of the
respondent. Additionally, should survey
responses contain any information of a
private nature the disclosure of which
would constitute ‘‘a clearly unwarranted
invasion of personal privacy,’’ such
information may be exempt from
disclosure under exemption 6, 5 U.S.C.
552(b)(6). Confidentiality matters
should be treated on a case-by-case basis
to determine if any of the above
exemptions apply.
Abstract: The FR 3054a is an eventdriven survey used to obtain
information specifically tailored to the
Federal Reserve’s operational and fiscal
agency responsibilities. The FR 3054a
may be conducted independently by the
Federal Reserve or jointly with another
government agency, a Reserve Bank, or
a private firm. The FR 3054d is an
annual survey used to assess the
functionality of Federal Reserve notes in
banknote handling equipment. The data
collected from the FR 3054d are used as
inputs for future designs of Federal
Reserve notes. The FR 3054d may be
conducted jointly with the U.S.
Treasury’s Bureau of Engraving and
Printing, and the CTO.
Current actions:
FR 3054a Proposed Revision
Since the Payments Systems Surveys
were originally approved, the Federal
Reserve has assumed additional
responsibilities for currency-related
activities including, management of the
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currency education program, which was
previously managed by the U.S.
Treasury’s Bureau of Engraving and
Printing, and increased responsibilities
for security and tactile feature
development. To ensure that the Federal
Reserve has the flexibility to collect data
from respondents that will inform the
Federal Reserve’s decision-making on
the education program and new
banknote designs, Federal Reserve
proposes to revise the FR 3054a to
increase the number and type of
respondents, from which it collects
data. In addition, the Federal Reserve’s
approval of the FR 3067, in July,
provides additional burden hours and
flexibility to conduct surveys. Federal
Reserve proposes to add individuals and
law enforcement agencies to its current
respondent group, reduce the annual
frequency from 10 times to 1 time per
year, which reflects its expectation that
it will only survey respondents once,
reduce the estimated time to complete a
survey from 15 hours to 0.75 hours, and
increase the number of respondents
from 100 to 12,000. Federal Reserve
anticipates that the FR 3054a will
primarily be used for the currency
education program, which will result in
asking respondents to answer a small
number of very targeted questions that
respondents can complete in about
thirty minutes, but will require a larger
respondent pool to ensure that the
public is aware of banknote designs and
security features. The FR 3054a may
also be used to collect information from
the Federal Reserve’s stakeholders
regarding the societal cost effect of a
raised tactile feature on banknotes.
FR 3054d Proposed Revision
Federal Reserve proposes to revise the
FR 3054d to include a perception study.
Since the Payments Systems Surveys
were originally approved, Federal
Reserve has employed this survey to
conduct numerous surveys with
Banknote Equipment Manufacturers’
(BEM’s) regarding the functionality of
banknotes. Federal Reserve plan on
conducting follow-up interviews with
BEM’s and a perception study to
determine how individuals use the
features of banknotes currently in
circulation and potential new features.
Federal Reserve proposes to revise the
FR 3054d to increase the number and
type of respondents from which it
collects data. Federal Reserve proposes
to (1) rename the survey the Currency
Functionality and Perception Survey,
(2) include additional respondent
groups (such as individuals), (3)
increase the frequency of the survey
from one time per year to four times per
year, (4) reduce the estimated time to
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complete the survey from 48 hours to
2.5 hours, and (5) increase the number
of respondents from 20 to 250. These
changes reflect a greater need to gather
targeted perception information from
individuals rather than conduct face-toface bilateral discussions with BEM’s to
obtain very technical information on
how the equipment they manufacture
determines what denomination a
banknote is and if it genuine or
counterfeit.
Proposal To Approve Under OMB
Delegated Authority the Extension for
Three Years, Without Revision, of the
Following Reports
1. Report title: Annual Daylight
Overdraft Capital Report for U.S.
Branches and Agencies of Foreign
Banks.
Agency form number: FR 2225.
OMB control number: 7100–0216.
Frequency: Annually.
Reporters: Foreign banking
organizations (FBO).
Estimated annual reporting hours: 51
hours.
Estimated average hours per response:
1 hour.
Number of respondents: 51.
General description of report: This
information collection is authorized
pursuant by sections 11(i), 16, and 19(f)
of the Federal Reserve Act (12 U.S.C.
248(i), 248–1 and 464). An FBO is
required to respond in order to obtain or
retain a benefit, i.e., in order for the U.S.
branch or agency of an FBO to establish
and maintain a non-zero net debit cap.
The information submitted by
respondents is not confidential;
however, respondents may request
confidential treatment for portions of
the report. Data may be considered
confidential and exempt from disclosure
under section (b)(4) of the FOIA if it
constitutes commercial or financial
information and public disclosure could
result in substantial competitive harm to
the submitting institution (5 U.S.C.
552(b)(4)).
Abstract: This report was
implemented in March 1986 as part of
the procedures used to administer the
Federal Reserve’s Payment System Risk
(PSR) policy. A key component of the
PSR policy is a limit, or a net debit cap,
on an institution’s negative intraday
balance in its Reserve Bank account.
The Federal Reserve calculates an
institution’s net debit cap by applying
the multiple associated with the net
debit cap category to the institution’s
capital. For FBOs, a percentage of the
FBO’s capital measure, known as the
U.S. capital equivalency, is used to
calculate the FBO’s net debit cap. FBOs
that wish to establish a positive net
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debit cap and have a strength of support
assessment (SOSA) 1 or SOSA 2 ranking
or hold a financial holding company
(FHC) designation are required to
submit the FR 2225 to their
Administrative Reserve Bank (ARB).2 3
2. Report title: Report of Net Debit
Cap.
Agency form number: FR 2226.
OMB control number: 7100–0217.
Frequency: Annually.
Reporters: Depository institution’s
board of directors.
Estimated annual reporting hours:
1,158 hours.
Estimated average hours per response:
1 hour.
Number of respondents: De Minimis
Cap: 1,016; Self-Assessment Cap; 4 139;
Maximum Daylight Overdraft Capacity:
3.
General description of report: This
information collection is authorized
pursuant to sections 11, 16, and 19 of
the Federal Reserve Act (12 U.S.C.
§ 248(i), § 248–1 and § 464) authorize
the Board to require the FR 2226
resolutions. Disclosure of information
collected on the FR 2226 would likely
cause substantial harm to the
competitive position of the respondent
institution. Therefore, the FR 2226 is
exempt from disclosure under
exemption (b)(4) of the FOIA, which
exempts from disclosure ‘‘trade secrets
and commercial or financial information
obtained from a person and privileged
or confidential.’’ (5 U.S.C. 552(b)(4)). In
addition, information reported in
connection with the second and third
resolutions may be protected under
section (b)(8) of FOIA, to the extent that
such information is based on the
institution’s CAMELS rating, and thus is
related to examination reports prepared
by, on behalf of, or for the use of an
agency responsible for the regulation or
supervision of financial institutions (5
U.S.C. 552(b)(8)).
Abstract: Federal Reserve Banks
collect these data annually to provide
information that is essential for their
administration of the Federal Reserve’s
2 The Administrative Reserve Bank is responsible
for managing an institution’s account relationship
with the Federal Reserve.
3 Most FBOs that are ranked SOSA 3 do not
qualify for a positive net debit cap. In the event a
Reserve Bank grants a net debit cap or extends
intraday credit to a financially healthy SOSA
3-ranked FBO, the financially healthy SOSA
3-ranked FBOs will have their U.S. capital
equivalency based on their ‘‘Net due to related
depository institutions’’ as reported on the Report
of Assets and Liabilities of U.S. Branches and
Agencies of Foreign Banks (FFIEC 002), Schedule
RAL, Item 5.a, Column A, for the most recent
quarter.
4 Self-assessment cap figures do not include those
self-assessed cap respondents with maximum
daylight overdraft capacity.
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PSR policy. The reporting panel
includes the subset of financially
healthy depository institutions with
access to the discount window that opt
to request a De minis of self-assessed
cap under the PSR Policy. The Report of
Net Debit Cap comprises three
resolutions, which are filed by a
depository institution’s board of
directors depending on its needs. The
first resolution is used to establish a de
minimis net debit cap and the second
resolution is used to establish a selfassessed net debit cap.5 The third
resolution is used to establish
simultaneously a self-assessed net debit
cap and maximum daylight overdraft
capacity. The PSR policy requires
depository institutions to submit their
resolutions annually, as of the date of
the board of directors’ approved
resolution(s).
3. Report title: The Parent Company
Only Financial Statements for Large
Holding Companies (FR Y–9LP), the
Parent Company Only Financial
Statements for Small Holding
Companies (FR Y–9SP), the Financial
Statements for Employee Stock
Ownership Plan Holding Companies
(FR Y–9ES), the Supplement to the
Consolidated Financial Statements for
Holding Companies (FR Y–9CS).
Agency form number: FR Y–9LP, FR
Y–9SP, FR Y–9ES, FR–9CS.
OMB control number: 7100–0128.
Frequency: Quarterly, semi-annually,
annually, and quarterly.
Reporters: Holding companies.
Estimated annual reporting hours: FR
Y–9LP: 29,148 hours; FR Y–9SP (BHCs):
41,008 hours; FR Y–9SP (Savings and
Loan Holding Companies (SLHCs)):
8,435 hours; FR Y–9ES: 43 hours; FR–
9CS: 472 hours.
Estimated average hours per response:
FR Y–9LP: 5.25 hours; FR Y–9SP
(BHCs): 5.40 hours; FR Y–9SP (SLHCs):
14.20 hours; FR Y–9ES: 0.50 hours; FR–
9CS: 0.50 hours.
Number of respondents FR Y–9LP:
1,388; FR Y–9SP (BHCs): 3,797; FR Y–
9SP (SLHCs): 297; FR Y–9ES: 86; FR–
9CS: 236.
General description of report: This
information collection is authorized
pursuant by Section 5(c) of the Bank
Holding Company Act [12 U.S.C.
§ 1844(c)]. In addition, 12 U.S.C.
§§ 1467a(b)(2)(A) and 1850a(c)(1)(A)
5 Institutions use these two resolutions to
establish a capacity for daylight overdrafts above
the lesser of $10 million or 20 percent of the
institution’s capital measure. Financially healthy
U.S. chartered institutions that rarely incur daylight
overdrafts in excess of the lesser of $10 million or
20 percent of the institution’s capital measure do
not need to file board of directors’ resolutions or
self-assessments with their Reserve Bank.
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authorize the Federal Reserve to require
that SLHCs and supervised securities
holding companies also file the FR Y–
9 series of reports with the Federal
Reserve. Overall, the Federal Reserve
does not consider the financial data in
these reports to be confidential.
However, a respondent may request
confidential treatment pursuant to
sections (b)(4), (b)(6), and (b)(8) of the
Freedom of Information Act (FOIA) (5
U.S.C. §§ 552(b)(4), (b)(6), and (b)(8)).
The applicability of these exemptions
would need to be reviewed on a case by
case basis.
Abstract: The FR Y–9LP and FR Y–
9SP serve as standardized financial
statements for the consolidated HC and
its parent; the FR Y–9ES is a financial
statement for HCs that are Employee
Stock Ownership Plans (ESOPs). The
Board also has the authority to use the
FR Y–9CS (a free-form supplement) to
collect additional information deemed
to be (1) critical and (2) needed in an
expedited manner.
The FR Y–9 family of reporting forms
continues to be the primary source of
financial data on HCs that examiners
rely on in the intervals between on-site
inspections and off-site assessments
through the Small Bank Holding
Company Supervision Program.
Financial data from these reporting
forms are used to detect emerging
financial problems, to review
performance and conduct preinspection analysis, to monitor and
evaluate capital adequacy, to evaluate
HC mergers and acquisitions, and to
analyze an HC’s overall financial
condition to ensure the safety and
soundness of its operations.
4. Report title: Payments Systems
Surveys: Currency Quality Sampling
Survey (FR 3054b) and the Currency
Quality Survey (FR 3054c).
Agency form numbers: FR 3054b and
FR 3054c.
OMB control number: 7100–0332.
Frequency: Annually and semiannually.
Reporters: Financial, institutions (or
depository institutions) individuals, law
enforcement and nonfinancial
businesses (banknote equipment
manufacturers, or global wholesale bank
note dealers).
Estimated annual reporting hours:
1,590 hours.
Estimated average hours per response:
FR 3054b: 0.5 hours and FR 3054c: 30
hours.
Number of respondents: FR 3054b:
180 and FR 3054c: 25.
General description of report: This
information collection is authorized
pursuant to Section 11(d) of the Federal
Reserve Act (12 U.S.C. § 248(d)). The
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Federal Register / Vol. 79, No. 18 / Tuesday, January 28, 2014 / Notices
obligation to respond to the FR 3054b
and FR 3054c is voluntary. Because
survey questions may differ from survey
to survey, it is difficult to determine
whether the information collected will
be considered confidential. However,
information may be exempt from
disclosure under exemption 4 of the
Freedom of Information Act, 5 U.S.C.
§ 552(b)(4), if disclosure would likely
have the effect of (1) impairing the
government’s ability to obtain the
necessary information in the future, or
(2) causing substantial harm to the
competitive position of the respondent.
Additionally, should survey responses
contain any information of a private
nature the disclosure of which would
constitute ‘‘a clearly unwarranted
invasion of personal privacy,’’ such
information may be exempt from
disclosure under exemption 6, 5 U.S.C.
§ 552(b)(6). Confidentiality matters
should be treated on a case-by-case basis
to determine if any of the above
exemptions apply.
Abstract: The FR 3054b is an annual
survey used to assess the quality of
currency in circulation and may be
conducted by the Federal Reserve,
jointly with the Federal Reserve Bank of
San Francisco’s Cash Product Office
(CPO), the Federal Reserve Bank of
Richmond’s Currency Technology
Office (CTO), and each Reserve Bank’s
cash department. The FR 3054c is a
semi-annual survey used to determine
depository institutions’ and Banknote
Equipment Manufacturers’ opinions of
currency quality and may be conducted
jointly with the CPO and CTO.
Board of Governors of the Federal Reserve
System, January 23, 2014.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2014–01582 Filed 1–27–14; 8:45 am]
BILLING CODE 6210–01–P
FEDERAL RESERVE SYSTEM
ehiers on DSK2VPTVN1PROD with NOTICES
Change in Bank Control Notices;
Acquisitions of Shares of a Bank or
Bank Holding Company
The notificants listed below have
applied under the Change in Bank
Control Act (12 U.S.C. 1817(j)) and
§ 225.41 of the Board’s Regulation Y (12
CFR 225.41) to acquire shares of a bank
or bank holding company. The factors
that are considered in acting on the
notices are set forth in paragraph 7 of
the Act (12 U.S.C. 1817(j)(7)).
The notices are available for
immediate inspection at the Federal
Reserve Bank indicated. The notices
also will be available for inspection at
the offices of the Board of Governors.
VerDate Mar<15>2010
14:45 Jan 27, 2014
Jkt 232001
Interested persons may express their
views in writing to the Reserve Bank
indicated for that notice or to the offices
of the Board of Governors. Comments
must be received not later than February
12, 2014.
A. Federal Reserve Bank of Atlanta
(Chapelle Davis, Assistant Vice
President) 1000 Peachtree Street, NE.,
Atlanta, Georgia 30309:
1. Frank Joseph Hanna, Jr.,
Summerville, Georgia; to acquire voting
shares of Urban Trust Holdings, Inc.,
and thereby indirectly acquire voting
shares of Urban Trust Bank, both in
Lake Mary, Florida.
B. Federal Reserve Bank of
Minneapolis (Jacqueline K. Brunmeier,
Assistant Vice President) 90 Hennepin
Avenue, Minneapolis, Minnesota
55480–0291:
1. Gloria S. Sundquist, individually,
Carl E. Sundquist, both of Cut Bank,
Montana; Mary Lou Gordon, Great Falls,
Montana; and Carrie L. Vollrath,
Conrad, Montana, as members of the
Sundquist Family Group; to retain
voting shares of Dutton Bancorporation,
Inc., and thereby indirectly retain voting
shares of Dutton State Bank, both in
Dutton, Montana.
2. Mark Stephens, Dutton, Montana;
Chris Stephens, Great Falls, Montana;
Andrea S. Swing, Manhattan, Montana;
and Tyler Stephens, Augusta, Montana,
as a group acting in concert with Robert
E. Stephens and Robert Stephens, Jr., all
as members of The Stephens Family
Group; to retain voting shares of Dutton
Bancorporation, Inc., and thereby
indirectly retain voting shares of Dutton
State Bank, both in Dutton, Montana.
3. Robert Kruse, Saint Clair,
Minnesota, and William Miller, Saint
Peter, Minnesota; to acquire voting
shares of Saint Clair Agency, Inc., and
thereby indirectly acquire voting shares
of Saint Clair State Bank, both in Saint
Clair, Minnesota.
C. Federal Reserve Bank of Kansas
City (Dennis Denney, Assistant Vice
President) 1 Memorial Drive, Kansas
City, Missouri 64198–0001:
1. Beth Ann Niketas, Plano, Texas;
and Brian Shipp, Idabel, Oklahoma; as
individuals and as members of the
Shipp family group, and/or as trustees
of the following trusts: the Mackenzie
Shipp Trust, the Harrison Shipp Trust,
the Shelby Niketas Trust, the Craig
Holman Trust, the Alec Niketas Trust,
the John Niketas Trust, and the Kathryn
Holman Trust, all of Idabel, Oklahoma
(all of which were created under the
Shipp Grandchildren Irrevocable Trust
Agreement of 1996); to retain voting
shares of Southeast Capital Corporation,
and thereby indirectly retain voting
PO 00000
Frm 00033
Fmt 4703
Sfmt 4703
shares of Idabel National Bank, both in
Idabel, Oklahoma.
D. Federal Reserve Bank of Dallas (E.
Ann Worthy, Vice President) 2200
North Pearl Street, Dallas, Texas 75201–
2272:
1. Linda Ellis McGarraugh,
individually, and together with
Benjamin Drew Ellis, II, Dennis Scott
McGarraugh, all of Perryton, Texas;
Drew S. McGarraugh, Kris McGarraugh
Wooten, both of Edmond, Oklahoma;
Carl W. Ellis, Imperial Beach,
California, as Trustee of the Carl Ellis
Separate Property FPB Stock Revocable
Trust and as Co-Trustee of the Ellis
Family Trust; and Julianne Ellis,
Imperial Beach, California, as CoTrustee of the Ellis Family Trust; the
Carl Ellis Separate Property FPB Stock
Revocable Trust, Perryton, Texas; and
the Ellis Family Trust, Imperial Beach,
California; to acquire voting shares of
FirstPerryton Bancorp, Inc., Perryton,
Texas, and thereby indirectly acquire
voting shares of FirstBank Southwest,
Amarillo, Texas.
Board of Governors of the Federal Reserve
System, January 23, 2014.
Michael J. Lewandowski,
Associate Secretary of the Board.
[FR Doc. 2014–01550 Filed 1–27–14; 8:45 am]
BILLING CODE 6210–01–P
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 applications will also be
available for inspection at the offices of
the Board of Governors. Interested
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
E:\FR\FM\28JAN1.SGM
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]]>Agencies
[Federal Register Volume 79, Number 18 (Tuesday, January 28, 2014)]
[Notices]
[Pages 4468-4472]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-01582]
=======================================================================
-----------------------------------------------------------------------
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 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, 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 March 31, 2014.
ADDRESSES: You may submit comments, identified by FR 2225, FR 2226, FR
3054a,b,c,d, FR Y-9C, FR Y-9LP, FR Y-9SP, FR Y-9ES, or FR Y-9CS by any
of the following methods:
[[Page 4469]]
Agency Web site: https://www.federalreserve.gov. Follow the
instructions for submitting comments at https://www.federalreserve.gov/apps/foia/proposedregs.aspx.
Federal eRulemaking Portal: https://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
https://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 MP-
500 of the Board's Martin Building (20th and C Streets NW.) between 9
a.m. and 5 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: https://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--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 Proposal
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 Extension for
Three Years, With Revision, of the Following Information Collections
1. Report title: Consolidated Financial Statements for Holding
Companies.
Agency form number: FR Y-9C.
OMB control number: 7100-0128.
Frequency: Quarterly.
Reporters: Holding companies (HCs).
Estimated annual reporting hours: FR Y-9C (non Advanced Approaches
HCs): 220,366 hours; FR Y-9C (Advanced Approaches Bank Holding
Companies (BHCs)): 2,404 hours.
Estimated average hours per response: FR Y-9C (non Advanced
Approaches HCs): 48.84 hours; FR Y-9C (Advanced Approaches BHCs): 50.09
hours.
Number of respondents: FR Y-9C (non Advanced Approaches HCs):
1,128; FR Y-9C (Advanced Approaches BHCs): 12.
General description of report: This information collection is
authorized pursuant by Section 5(c) of the Bank Holding Company Act [12
U.S.C. 1844(c)]. In addition, 12 U.S.C. 1467a(b)(2)(A) and
1850a(c)(1)(A) authorize the Federal Reserve to require that SLHCs and
supervised securities holding companies also file the FR Y-9 series of
reports with the Federal Reserve. Overall, the Federal Reserve does not
consider the financial data in these reports to be confidential.
However, a respondent may request confidential treatment pursuant to
sections (b)(4), (b)(6), and (b)(8) of the Freedom of Information Act
(FOIA) (5 U.S.C. 552(b)(4), (b)(6), and (b)(8)). The applicability of
these exemptions would need to be reviewed on a case by case basis.
Abstract: The FR Y-9 family of reporting forms continues to be the
primary source of financial data on HCs that examiners rely on in the
intervals between on-site inspections and off-site assessments through
the Small Bank Holding Company Supervision Program. Financial data from
these reporting forms are used to detect emerging financial problems,
to review performance and conduct pre-inspection analysis, to monitor
and evaluate capital adequacy, to evaluate HC mergers and acquisitions,
and to analyze an HC's overall financial condition to ensure the safety
and soundness of its operations.
The FR Y-9C consists of standardized financial statements similar
to the Federal Financial Institutions Examination Council (FFIEC)
Consolidated Reports of Condition and Income (Call Reports) (FFIEC 031
& 041; OMB No. 7100-0036) filed by commercial banks. It collects
consolidated data from HCs, and is filed by top-tier HCs with total
consolidated assets of $500 million or more.\1\
---------------------------------------------------------------------------
\1\ Under certain circumstances described in the General
Instructions, HCs with assets under $500 million may be required to
file the FR Y-9C.
---------------------------------------------------------------------------
Current actions: The Federal Reserve proposes to discontinue the
Voluntary Advance Collection of Summary FR Y-9C Data from the Largest
BHCs (Advanced Collection). This proposal is based on the following
information:
Since the start of the Advance Collection process in 2004,
the FR Y-9C processing time period has shortened by 15 days allowing
access to the officially submitted data in a more timely fashion.
The companies (i.e., the 50 largest BHCs) participating in
the process have increased the quality and quantity of data available
in their press release information.
There would be resource savings at the companies and the
Federal Reserve as a result of discontinuing the ``Voluntary Advance
Collection'' process.
2. Report title: Payments Systems Surveys: Ad Hoc Payments Systems
Survey (FR 3054a) and the Currency Functionality Survey (FR 3054d).
Agency form numbers: FR 3054a and FR 3054d.
OMB control number: 7100-0332.
[[Page 4470]]
Frequency: On occasion and annually.
Reporters: Financial, institutions (or depository institutions),
individuals, law enforcement and nonfinancial businesses (banknote
equipment manufacturers, or global wholesale bank note dealers).
Estimated annual reporting hours: 11,500 hours.
Estimated average hours per response: FR 3054a: 0.75 hours; FR
3054d: 2.5 hours.
Number of respondents: FR 3054a: 12,000; and FR 3054d: 250.
General description of report: This information collection is
authorized pursuant to Section 11(d) of the Federal Reserve Act (12
U.S.C. Sec. 248(d)). The obligation to respond to the FR 3054a and FR
3054d is voluntary. Because survey questions may differ from survey to
survey, it is difficult to determine whether the information collected
will be considered confidential. However, information may be exempt
from disclosure under exemption 4 of the FOIA, 5 U.S.C. 552(b)(4), if
disclosure would likely have the effect of (1) Impairing the
government's ability to obtain the necessary information in the future,
or (2) causing substantial harm to the competitive position of the
respondent. Additionally, should survey responses contain any
information of a private nature the disclosure of which would
constitute ``a clearly unwarranted invasion of personal privacy,'' such
information may be exempt from disclosure under exemption 6, 5 U.S.C.
552(b)(6). Confidentiality matters should be treated on a case-by-case
basis to determine if any of the above exemptions apply.
Abstract: The FR 3054a is an event-driven survey used to obtain
information specifically tailored to the Federal Reserve's operational
and fiscal agency responsibilities. The FR 3054a may be conducted
independently by the Federal Reserve or jointly with another government
agency, a Reserve Bank, or a private firm. The FR 3054d is an annual
survey used to assess the functionality of Federal Reserve notes in
banknote handling equipment. The data collected from the FR 3054d are
used as inputs for future designs of Federal Reserve notes. The FR
3054d may be conducted jointly with the U.S. Treasury's Bureau of
Engraving and Printing, and the CTO.
Current actions:
FR 3054a Proposed Revision
Since the Payments Systems Surveys were originally approved, the
Federal Reserve has assumed additional responsibilities for currency-
related activities including, management of the currency education
program, which was previously managed by the U.S. Treasury's Bureau of
Engraving and Printing, and increased responsibilities for security and
tactile feature development. To ensure that the Federal Reserve has the
flexibility to collect data from respondents that will inform the
Federal Reserve's decision-making on the education program and new
banknote designs, Federal Reserve proposes to revise the FR 3054a to
increase the number and type of respondents, from which it collects
data. In addition, the Federal Reserve's approval of the FR 3067, in
July, provides additional burden hours and flexibility to conduct
surveys. Federal Reserve proposes to add individuals and law
enforcement agencies to its current respondent group, reduce the annual
frequency from 10 times to 1 time per year, which reflects its
expectation that it will only survey respondents once, reduce the
estimated time to complete a survey from 15 hours to 0.75 hours, and
increase the number of respondents from 100 to 12,000. Federal Reserve
anticipates that the FR 3054a will primarily be used for the currency
education program, which will result in asking respondents to answer a
small number of very targeted questions that respondents can complete
in about thirty minutes, but will require a larger respondent pool to
ensure that the public is aware of banknote designs and security
features. The FR 3054a may also be used to collect information from the
Federal Reserve's stakeholders regarding the societal cost effect of a
raised tactile feature on banknotes.
FR 3054d Proposed Revision
Federal Reserve proposes to revise the FR 3054d to include a
perception study. Since the Payments Systems Surveys were originally
approved, Federal Reserve has employed this survey to conduct numerous
surveys with Banknote Equipment Manufacturers' (BEM's) regarding the
functionality of banknotes. Federal Reserve plan on conducting follow-
up interviews with BEM's and a perception study to determine how
individuals use the features of banknotes currently in circulation and
potential new features. Federal Reserve proposes to revise the FR 3054d
to increase the number and type of respondents from which it collects
data. Federal Reserve proposes to (1) rename the survey the Currency
Functionality and Perception Survey, (2) include additional respondent
groups (such as individuals), (3) increase the frequency of the survey
from one time per year to four times per year, (4) reduce the estimated
time to complete the survey from 48 hours to 2.5 hours, and (5)
increase the number of respondents from 20 to 250. These changes
reflect a greater need to gather targeted perception information from
individuals rather than conduct face-to-face bilateral discussions with
BEM's to obtain very technical information on how the equipment they
manufacture determines what denomination a banknote is and if it
genuine or counterfeit.
Proposal To Approve Under OMB Delegated Authority the Extension for
Three Years, Without Revision, of the Following Reports
1. Report title: Annual Daylight Overdraft Capital Report for U.S.
Branches and Agencies of Foreign Banks.
Agency form number: FR 2225.
OMB control number: 7100-0216.
Frequency: Annually.
Reporters: Foreign banking organizations (FBO).
Estimated annual reporting hours: 51 hours.
Estimated average hours per response: 1 hour.
Number of respondents: 51.
General description of report: This information collection is
authorized pursuant by sections 11(i), 16, and 19(f) of the Federal
Reserve Act (12 U.S.C. 248(i), 248-1 and 464). An FBO is required to
respond in order to obtain or retain a benefit, i.e., in order for the
U.S. branch or agency of an FBO to establish and maintain a non-zero
net debit cap. The information submitted by respondents is not
confidential; however, respondents may request confidential treatment
for portions of the report. Data may be considered confidential and
exempt from disclosure under section (b)(4) of the FOIA if it
constitutes commercial or financial information and public disclosure
could result in substantial competitive harm to the submitting
institution (5 U.S.C. 552(b)(4)).
Abstract: This report was implemented in March 1986 as part of the
procedures used to administer the Federal Reserve's Payment System Risk
(PSR) policy. A key component of the PSR policy is a limit, or a net
debit cap, on an institution's negative intraday balance in its Reserve
Bank account. The Federal Reserve calculates an institution's net debit
cap by applying the multiple associated with the net debit cap category
to the institution's capital. For FBOs, a percentage of the FBO's
capital measure, known as the U.S. capital equivalency, is used to
calculate the FBO's net debit cap. FBOs that wish to establish a
positive net
[[Page 4471]]
debit cap and have a strength of support assessment (SOSA) 1 or SOSA 2
ranking or hold a financial holding company (FHC) designation are
required to submit the FR 2225 to their Administrative Reserve Bank
(ARB).2 3
---------------------------------------------------------------------------
\2\ The Administrative Reserve Bank is responsible for managing
an institution's account relationship with the Federal Reserve.
\3\ Most FBOs that are ranked SOSA 3 do not qualify for a
positive net debit cap. In the event a Reserve Bank grants a net
debit cap or extends intraday credit to a financially healthy SOSA
3-ranked FBO, the financially healthy SOSA 3-ranked FBOs will have
their U.S. capital equivalency based on their ``Net due to related
depository institutions'' as reported on the Report of Assets and
Liabilities of U.S. Branches and Agencies of Foreign Banks (FFIEC
002), Schedule RAL, Item 5.a, Column A, for the most recent quarter.
---------------------------------------------------------------------------
2. Report title: Report of Net Debit Cap.
Agency form number: FR 2226.
OMB control number: 7100-0217.
Frequency: Annually.
Reporters: Depository institution's board of directors.
Estimated annual reporting hours: 1,158 hours.
Estimated average hours per response: 1 hour.
Number of respondents: De Minimis Cap: 1,016; Self-Assessment Cap;
\4\ 139; Maximum Daylight Overdraft Capacity: 3.
---------------------------------------------------------------------------
\4\ Self-assessment cap figures do not include those self-
assessed cap respondents with maximum daylight overdraft capacity.
---------------------------------------------------------------------------
General description of report: This information collection is
authorized pursuant to sections 11, 16, and 19 of the Federal Reserve
Act (12 U.S.C. Sec. 248(i), Sec. 248-1 and Sec. 464) authorize the
Board to require the FR 2226 resolutions. Disclosure of information
collected on the FR 2226 would likely cause substantial harm to the
competitive position of the respondent institution. Therefore, the FR
2226 is exempt from disclosure under exemption (b)(4) of the FOIA,
which exempts from disclosure ``trade secrets and commercial or
financial information obtained from a person and privileged or
confidential.'' (5 U.S.C. 552(b)(4)). In addition, information reported
in connection with the second and third resolutions may be protected
under section (b)(8) of FOIA, to the extent that such information is
based on the institution's CAMELS rating, and thus is related to
examination reports prepared by, on behalf of, or for the use of an
agency responsible for the regulation or supervision of financial
institutions (5 U.S.C. 552(b)(8)).
Abstract: Federal Reserve Banks collect these data annually to
provide information that is essential for their administration of the
Federal Reserve's PSR policy. The reporting panel includes the subset
of financially healthy depository institutions with access to the
discount window that opt to request a De minis of self-assessed cap
under the PSR Policy. The Report of Net Debit Cap comprises three
resolutions, which are filed by a depository institution's board of
directors depending on its needs. The first resolution is used to
establish a de minimis net debit cap and the second resolution is used
to establish a self-assessed net debit cap.\5\ The third resolution is
used to establish simultaneously a self-assessed net debit cap and
maximum daylight overdraft capacity. The PSR policy requires depository
institutions to submit their resolutions annually, as of the date of
the board of directors' approved resolution(s).
---------------------------------------------------------------------------
\5\ Institutions use these two resolutions to establish a
capacity for daylight overdrafts above the lesser of $10 million or
20 percent of the institution's capital measure. Financially healthy
U.S. chartered institutions that rarely incur daylight overdrafts in
excess of the lesser of $10 million or 20 percent of the
institution's capital measure do not need to file board of
directors' resolutions or self-assessments with their Reserve Bank.
---------------------------------------------------------------------------
3. Report title: The Parent Company Only Financial Statements for
Large Holding Companies (FR Y-9LP), the Parent Company Only Financial
Statements for Small Holding Companies (FR Y-9SP), the Financial
Statements for Employee Stock Ownership Plan Holding Companies (FR Y-
9ES), the Supplement to the Consolidated Financial Statements for
Holding Companies (FR Y-9CS).
Agency form number: FR Y-9LP, FR Y-9SP, FR Y-9ES, FR-9CS.
OMB control number: 7100-0128.
Frequency: Quarterly, semi-annually, annually, and quarterly.
Reporters: Holding companies.
Estimated annual reporting hours: FR Y-9LP: 29,148 hours; FR Y-9SP
(BHCs): 41,008 hours; FR Y-9SP (Savings and Loan Holding Companies
(SLHCs)): 8,435 hours; FR Y-9ES: 43 hours; FR-9CS: 472 hours.
Estimated average hours per response: FR Y-9LP: 5.25 hours; FR Y-
9SP (BHCs): 5.40 hours; FR Y-9SP (SLHCs): 14.20 hours; FR Y-9ES: 0.50
hours; FR-9CS: 0.50 hours.
Number of respondents FR Y-9LP: 1,388; FR Y-9SP (BHCs): 3,797; FR
Y-9SP (SLHCs): 297; FR Y-9ES: 86; FR-9CS: 236.
General description of report: This information collection is
authorized pursuant by Section 5(c) of the Bank Holding Company Act [12
U.S.C. Sec. 1844(c)]. In addition, 12 U.S.C. Sec. Sec. 1467a(b)(2)(A)
and 1850a(c)(1)(A) authorize the Federal Reserve to require that SLHCs
and supervised securities holding companies also file the FR Y-9 series
of reports with the Federal Reserve. Overall, the Federal Reserve does
not consider the financial data in these reports to be confidential.
However, a respondent may request confidential treatment pursuant to
sections (b)(4), (b)(6), and (b)(8) of the Freedom of Information Act
(FOIA) (5 U.S.C. Sec. Sec. 552(b)(4), (b)(6), and (b)(8)). The
applicability of these exemptions would need to be reviewed on a case
by case basis.
Abstract: The FR Y-9LP and FR Y-9SP serve as standardized financial
statements for the consolidated HC and its parent; the FR Y-9ES is a
financial statement for HCs that are Employee Stock Ownership Plans
(ESOPs). The Board also has the authority to use the FR Y-9CS (a free-
form supplement) to collect additional information deemed to be (1)
critical and (2) needed in an expedited manner.
The FR Y-9 family of reporting forms continues to be the primary
source of financial data on HCs that examiners rely on in the intervals
between on-site inspections and off-site assessments through the Small
Bank Holding Company Supervision Program. Financial data from these
reporting forms are used to detect emerging financial problems, to
review performance and conduct pre-inspection analysis, to monitor and
evaluate capital adequacy, to evaluate HC mergers and acquisitions, and
to analyze an HC's overall financial condition to ensure the safety and
soundness of its operations.
4. Report title: Payments Systems Surveys: Currency Quality
Sampling Survey (FR 3054b) and the Currency Quality Survey (FR 3054c).
Agency form numbers: FR 3054b and FR 3054c.
OMB control number: 7100-0332.
Frequency: Annually and semi-annually.
Reporters: Financial, institutions (or depository institutions)
individuals, law enforcement and nonfinancial businesses (banknote
equipment manufacturers, or global wholesale bank note dealers).
Estimated annual reporting hours: 1,590 hours.
Estimated average hours per response: FR 3054b: 0.5 hours and FR
3054c: 30 hours.
Number of respondents: FR 3054b: 180 and FR 3054c: 25.
General description of report: This information collection is
authorized pursuant to Section 11(d) of the Federal Reserve Act (12
U.S.C. Sec. 248(d)). The
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obligation to respond to the FR 3054b and FR 3054c is voluntary.
Because survey questions may differ from survey to survey, it is
difficult to determine whether the information collected will be
considered confidential. However, information may be exempt from
disclosure under exemption 4 of the Freedom of Information Act, 5
U.S.C. Sec. 552(b)(4), if disclosure would likely have the effect of
(1) impairing the government's ability to obtain the necessary
information in the future, or (2) causing substantial harm to the
competitive position of the respondent. Additionally, should survey
responses contain any information of a private nature the disclosure of
which would constitute ``a clearly unwarranted invasion of personal
privacy,'' such information may be exempt from disclosure under
exemption 6, 5 U.S.C. Sec. 552(b)(6). Confidentiality matters should
be treated on a case-by-case basis to determine if any of the above
exemptions apply.
Abstract: The FR 3054b is an annual survey used to assess the
quality of currency in circulation and may be conducted by the Federal
Reserve, jointly with the Federal Reserve Bank of San Francisco's Cash
Product Office (CPO), the Federal Reserve Bank of Richmond's Currency
Technology Office (CTO), and each Reserve Bank's cash department. The
FR 3054c is a semi-annual survey used to determine depository
institutions' and Banknote Equipment Manufacturers' opinions of
currency quality and may be conducted jointly with the CPO and CTO.
Board of Governors of the Federal Reserve System, January 23,
2014.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2014-01582 Filed 1-27-14; 8:45 am]
BILLING CODE 6210-01-P
