Proposed Agency Information Collection Activities; Comment Request, 34753-34754 [2014-14209]

Download as PDF Federal Register / Vol. 79, No. 117 / Wednesday, June 18, 2014 / Notices III framework,1 and the global systemically important bank exercise, which assesses a firm’s systemic risk profile.2 Since the collected data may change from survey to survey, there would be no fixed reporting form. The data submission timeline for each survey would be determined prior to the distribution of the survey materials. In soliciting participation, the Federal Reserve would explain to respondents the purpose of the survey and how the data would be used. While the number of respondents may fluctuate between surveys, the survey would be conducted up to 15 times per year. Board of Governors of the Federal Reserve System, June 12, 2014. Robert deV. Frierson, Secretary of the Board. [FR Doc. 2014–14208 Filed 6–17–14; 8:45 am] BILLING CODE 6210–01–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, 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 August 18, 2014. ADDRESSES: You may submit comments, identified by FR Y–7Q, by any of the following methods: emcdonald on DSK67QTVN1PROD with NOTICES AGENCY: 1 For more information on the Basel III monitoring exercise, see www.bis.org/bcbs/qis/. 2 For more information on the G–SIB exercise, see www.bis.org/bcbs/gsib/. VerDate Mar<15>2010 16:35 Jun 17, 2014 Jkt 232001 • Agency Web site: http:// www.federalreserve.gov. Follow the instructions for submitting comments at http://www.federalreserve.gov/apps/ foia/proposedregs.aspx. • Federal eRulemaking Portal: http:// www.regulations.gov. Follow the instructions for submitting comments. • Email: 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 http:// www.federalreserve.gov/apps/foia/ proposedregs.aspx as submitted, unless modified for technical reasons. Accordingly, your comments will not be edited to remove any identifying or contact information. Public comments may also be viewed electronically or in paper form in Room 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—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 collection, which is being handled under this PO 00000 Frm 00039 Fmt 4703 Sfmt 4703 34753 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 Approve Under OMB Delegated authority the Revision of the Following Report Report title: Capital and Asset Report for Foreign Banking Organizations. Agency form number: FR Y–7Q. OMB control number: 7100–0125.1 Frequency: Quarterly and annually. Reporters: Foreign Banking Organizations (FBOs). Estimated annual reporting hours: FR Y–7Q (quarterly): 763 hours; FR Y–7Q (annually): 65 hours. Estimated average hours per response: FR Y–7Q (quarterly): 1.75 hours; FR Y– 7Q (annually): 1.5 hours. Number of respondents: FR Y–7Q (quarterly): 109; FR Y–7Q (annually): 43. General description of report: This information collection is mandatory pursuant to Section 5(c) of the Bank Holding Company Act (12 U.S.C. 1844(c)) and sections 8(c) and 13 of the International Banking Act (12 U.S.C. 3106(c) and 3108)). Overall, the Federal Reserve does not consider these data to be confidential. However, individual respondents may request confidential 1 Also included in this family of reports are the following reports, which are not being revised: the Financial Statements of U.S. Nonbank Subsidiaries Held by Foreign Banking Organizations (FR Y–7N) and the Abbreviated Financial Statements of U.S. Nonbank Subsidiaries Held by Foreign Banking Organizations (FR Y–7NS). E:\FR\FM\18JNN1.SGM 18JNN1 emcdonald on DSK67QTVN1PROD with NOTICES 34754 Federal Register / Vol. 79, No. 117 / Wednesday, June 18, 2014 / Notices treatment for any of these reports pursuant to sections (b)(4) and (b)(6) of the Freedom of Information Act (5 U.S.C. 522(b)(4) and (b)(6)). The applicability of these exemptions would need to be determined on a case-by-case basis. Abstract: The FR Y–7Q collects consolidated regulatory capital information from all FBOs either quarterly or annually. The FR Y–7Q is filed quarterly by FBOs that have effectively elected to become financial holding companies (FHCs) and by FBOs that have total consolidated assets of $50 billion or more, regardless of FHC status. All other FBOs file the FR Y–7Q annually. Current Actions: The Federal Reserve proposes to collect one new data item to implement the enhanced prudential standards for FBOs adopted pursuant to section 165 of the Dodd-Frank Act (DFA Section 165), Enhanced Prudential Standards for Large Domestic and Foreign Banking Organizations. The new data item, Total U.S. Non-Branch Assets, would be used to determine whether an FBO meets the threshold for formation of a U.S. intermediate holding company. This item would collect the sum of the total combined assets of a top-tier FBO’s top-tier U.S. domiciled affiliates.2 In situations where a top-tier U.S. domiciled affiliate is a parent of one or more subsidiaries, the total consolidated assets of the affiliate would include the assets of the affiliate and its subsidiaries, in accordance with U.S. Generally Accepted Accounting Principles (GAAP), and the total consolidated assets (or total assets, as applicable) of each top-tier U.S. domiciled affiliate should be combined. In situations where a top-tier U.S. domiciled subsidiary is not consolidated with the FBO for GAAP purposes, that entity shall be accounted for under the equity method and the sum of the amount of the investments should be included in the sum of the total combined assets of top-tier U.S. domiciled affiliates. The sum of the total combined assets of top-tier U.S. domiciled affiliates reported by a toptier FBO should exclude intercompany balances and intercompany transactions between the FBO’s U.S. domiciled affiliates to the extent such items are not already eliminated in consolidation. However, the sum of the total combined assets of top-tier U.S. domiciled affiliates reported by a top-tier FBO 2 Total combined assets of the top-tier FBO’s U.S. domiciled affiliates should exclude the assets of section 2(h)(2) companies as defined in section 2(h)2 of the Bank Holding Company Act (12 U.S.C. 1841(h)(2)) and DPC branch subsidiaries. This item excludes the assets of U.S. branches and agencies. VerDate Mar<15>2010 16:35 Jun 17, 2014 Jkt 232001 should include asset exposures to U.S. branches, or agencies of the FBO and to non U.S. domiciled affiliates3. U.S. domiciled affiliate is defined as a subsidiary, an associated company, or an entity treated as an associated company (e.g., a corporate joint venture) as set forth in the instructions for the Consolidated Financial Statements for Holding Companies (FR Y–9C;OMB No. 7100–0128). The proposed revision would be effective December 31, 2014. President) 1000 Peachtree Street NE., Atlanta, Georgia 30309: 1. Community & Southern Holdings, Inc., Atlanta, Georgia; to merge with Alliance Bancshares, Inc., and thereby acquire Alliance National Bank, both in Dalton, Georgia. 2. HCBF Holding Company, Inc., Fort Peirce, Florida; to merge with Highlands Independent Bancshares, Inc., and thereby acquire Highlands Independent Bank, both in Sebring, Florida. Board of Governors of the Federal Reserve System, June 12, 2014. Robert deV. Frierson, Secretary of the Board. Board of Governors of the Federal Reserve System, June 13, 2014. Margaret McCloskey Shanks, Deputy Secretary of the Board. [FR Doc. 2014–14209 Filed 6–17–14; 8:45 am] [FR Doc. 2014–14218 Filed 6–17–14; 8:45 am] BILLING CODE 6210–01–P BILLING CODE 6210–01–P FEDERAL RESERVE SYSTEM FEDERAL RESERVE SYSTEM Formations of, Acquisitions by, and Mergers of Bank Holding Companies Notice of Proposals To Engage in or To Acquire Companies Engaged in Permissible Nonbanking Activities 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 (12 U.S.C. 1843). Unless otherwise noted, nonbanking activities will be conducted throughout the United States. Unless otherwise noted, comments regarding each of these applications must be received at the Reserve Bank indicated or the offices of the Board of Governors not later than July 14, 2014. A. Federal Reserve Bank of Atlanta (Chapelle Davis, Assistant Vice The companies listed in this notice have given notice under section 4 of the Bank Holding Company Act (12 U.S.C. 1843) (BHC Act) and Regulation Y, (12 CFR part 225) to engage de novo, or to acquire or control voting securities or assets of a company, including the companies listed below, that engages either directly or through a subsidiary or other company, in a nonbanking activity that is listed in § 225.28 of Regulation Y (12 CFR 225.28) or that the Board has determined by Order to be closely related to banking and permissible for bank holding companies. Unless otherwise noted, these activities will be conducted throughout the United States. Each notice is available for inspection at the Federal Reserve Bank indicated. The notice also will be available for inspection at the offices of the Board of Governors. Interested persons may express their views in writing on the question whether the proposal complies with the standards of section 4 of the BHC Act. Unless otherwise noted, comments regarding the applications must be received at the Reserve Bank indicated or the offices of the Board of Governors not later than July 3, 2014. A. Federal Reserve Bank of Minneapolis (Jacquelyn K. Brunmeier, Assistant Vice President) 90 Hennepin Avenue, Minneapolis, Minnesota 55480–0291: 1. Minnwest Corporation, Minnetonka, Minnesota; to acquire 100 percent of the voting shares of HiLine Credit Corporation, Morris, Minnesota, by merging it with and into its wholly owned nonbank subsidiary, Minnwest Finance, Inc., Minnetonka, Minnesota, 3 In cases where the non U.S. Domiciled affiliate is already consolidated with a Top Tier U.S. Domiciled affiliate these exposures are excluded. PO 00000 Frm 00040 Fmt 4703 Sfmt 4703 E:\FR\FM\18JNN1.SGM 18JNN1

Agencies

[Federal Register Volume 79, Number 117 (Wednesday, June 18, 2014)]
[Notices]
[Pages 34753-34754]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-14209]


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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, 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 August 18, 2014.

ADDRESSES: You may submit comments, identified by FR Y-7Q, by any of 
the following methods:
     Agency Web site: http://www.federalreserve.gov. Follow the 
instructions for submitting comments at http://www.federalreserve.gov/apps/foia/proposedregs.aspx.
     Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments.
     Email: 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 
http://www.federalreserve.gov/apps/foia/proposedregs.aspx as submitted, 
unless modified for technical reasons. Accordingly, your comments will 
not be edited to remove any identifying or contact information. Public 
comments may also be viewed electronically or in paper form in Room 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--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 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 Approve Under OMB Delegated authority the Revision of the 
Following Report

    Report title: Capital and Asset Report for Foreign Banking 
Organizations.
    Agency form number: FR Y-7Q.
    OMB control number: 7100-0125.\1\
---------------------------------------------------------------------------

    \1\ Also included in this family of reports are the following 
reports, which are not being revised: the Financial Statements of 
U.S. Nonbank Subsidiaries Held by Foreign Banking Organizations (FR 
Y-7N) and the Abbreviated Financial Statements of U.S. Nonbank 
Subsidiaries Held by Foreign Banking Organizations (FR Y-7NS).
---------------------------------------------------------------------------

    Frequency: Quarterly and annually.
    Reporters: Foreign Banking Organizations (FBOs).
    Estimated annual reporting hours: FR Y-7Q (quarterly): 763 hours; 
FR Y-7Q (annually): 65 hours.
    Estimated average hours per response: FR Y-7Q (quarterly): 1.75 
hours; FR Y-7Q (annually): 1.5 hours.
    Number of respondents: FR Y-7Q (quarterly): 109; FR Y-7Q 
(annually): 43.
    General description of report: This information collection is 
mandatory pursuant to Section 5(c) of the Bank Holding Company Act (12 
U.S.C. 1844(c)) and sections 8(c) and 13 of the International Banking 
Act (12 U.S.C. 3106(c) and 3108)). Overall, the Federal Reserve does 
not consider these data to be confidential. However, individual 
respondents may request confidential

[[Page 34754]]

treatment for any of these reports pursuant to sections (b)(4) and 
(b)(6) of the Freedom of Information Act (5 U.S.C. 522(b)(4) and 
(b)(6)). The applicability of these exemptions would need to be 
determined on a case-by-case basis.
    Abstract: The FR Y-7Q collects consolidated regulatory capital 
information from all FBOs either quarterly or annually. The FR Y-7Q is 
filed quarterly by FBOs that have effectively elected to become 
financial holding companies (FHCs) and by FBOs that have total 
consolidated assets of $50 billion or more, regardless of FHC status. 
All other FBOs file the FR Y-7Q annually.
    Current Actions: The Federal Reserve proposes to collect one new 
data item to implement the enhanced prudential standards for FBOs 
adopted pursuant to section 165 of the Dodd-Frank Act (DFA Section 
165), Enhanced Prudential Standards for Large Domestic and Foreign 
Banking Organizations. The new data item, Total U.S. Non-Branch Assets, 
would be used to determine whether an FBO meets the threshold for 
formation of a U.S. intermediate holding company. This item would 
collect the sum of the total combined assets of a top-tier FBO's top-
tier U.S. domiciled affiliates.\2\ In situations where a top-tier U.S. 
domiciled affiliate is a parent of one or more subsidiaries, the total 
consolidated assets of the affiliate would include the assets of the 
affiliate and its subsidiaries, in accordance with U.S. Generally 
Accepted Accounting Principles (GAAP), and the total consolidated 
assets (or total assets, as applicable) of each top-tier U.S. domiciled 
affiliate should be combined. In situations where a top-tier U.S. 
domiciled subsidiary is not consolidated with the FBO for GAAP 
purposes, that entity shall be accounted for under the equity method 
and the sum of the amount of the investments should be included in the 
sum of the total combined assets of top-tier U.S. domiciled affiliates. 
The sum of the total combined assets of top-tier U.S. domiciled 
affiliates reported by a top-tier FBO should exclude intercompany 
balances and intercompany transactions between the FBO's U.S. domiciled 
affiliates to the extent such items are not already eliminated in 
consolidation. However, the sum of the total combined assets of top-
tier U.S. domiciled affiliates reported by a top-tier FBO should 
include asset exposures to U.S. branches, or agencies of the FBO and to 
non U.S. domiciled affiliates\3\.
---------------------------------------------------------------------------

    \2\ Total combined assets of the top-tier FBO's U.S. domiciled 
affiliates should exclude the assets of section 2(h)(2) companies as 
defined in section 2(h)2 of the Bank Holding Company Act (12 U.S.C. 
1841(h)(2)) and DPC branch subsidiaries. This item excludes the 
assets of U.S. branches and agencies.
    \3\ In cases where the non U.S. Domiciled affiliate is already 
consolidated with a Top Tier U.S. Domiciled affiliate these 
exposures are excluded.
---------------------------------------------------------------------------

    U.S. domiciled affiliate is defined as a subsidiary, an associated 
company, or an entity treated as an associated company (e.g., a 
corporate joint venture) as set forth in the instructions for the 
Consolidated Financial Statements for Holding Companies (FR Y-9C;OMB 
No. 7100-0128). The proposed revision would be effective December 31, 
2014.

    Board of Governors of the Federal Reserve System, June 12, 2014.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2014-14209 Filed 6-17-14; 8:45 am]
BILLING CODE 6210-01-P