Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 2932-2933 [2015-00859]

Download as PDF 2932 Federal Register / Vol. 80, No. 13 / Wednesday, January 21, 2015 / Notices Estimated Time per Response: 64 hours (24 hours, reporting); 40 hours (recordkeeping); 30 minutes (application). Frequency of Response: On occasion. Estimated Total Annual Burden: 12,160 hours (recordkeeping/reporting); 10 hours (application). Total Annual Burden: 12,170 hours. General Description of Collection: This collection consists of reporting and recordkeeping requirements for qualified financial contracts (QFCs) held by insured depository institutions in troubled condition. 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. Dated at Washington, DC, this 15th day of January 2015. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 2015–00868 Filed 1–20–15; 8:45 am] BILLING CODE 6714–01–P FEDERAL RESERVE SYSTEM Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB Board of Governors of the Federal Reserve System. SUMMARY: Notice is hereby given of the final approval of proposed information collections by the Board of Governors of the Federal Reserve System (Board) under OMB delegated authority, as per 5 CFR 1320.16 (OMB Regulations on Controlling Paperwork Burdens on the Public). Board-approved collections of information are incorporated into the official OMB inventory of currently approved collections of information. Copies of the Paperwork Reduction Act Submission, supporting statements and approved collection of information instrument(s) are placed into OMB’s asabaliauskas on DSK5VPTVN1PROD with NOTICES AGENCY: VerDate Sep<11>2014 17:50 Jan 20, 2015 Jkt 235001 public docket files. The Federal Reserve may not conduct or sponsor, and the respondent is not required to respond to, an information collection that has been extended, revised, or implemented on or after October 1, 1995, unless it displays a currently valid OMB control number. FOR FURTHER INFORMATION CONTACT: Federal Reserve Board Acting Clearance Officer—John Schmidt—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. 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. Final approval under OMB delegated authority of the extension for three years, without revision, of the following information collections: 1. Report title: Applications for Subscription to, Adjustment in the Holding of, and Cancellation of Federal Reserve Bank Stock. Agency form number: FR 2030, FR 2030a, FR 2056, FR 2086, FR 2086a, FR 2087. OMB control number: 7100–0042. Frequency: On occasion. Reporters: National, State Member, and Nonmember banks. Estimated annual reporting hours: FR 2030: 2 hours; FR 2030a: 1 hour; FR 2056: 667 hours; FR 2086: 23 hours; FR 2086a: 40 hours; FR 2087: 1 hour. Estimated average hours per response: .5 hours. Number of respondents: FR 2030: 4; FR 2030a: 2; FR 2056: 1,333; FR 2086: 45; FR 2086a: 79; FR 2087: 1. General description of report: These information collections are mandatory. • FR 2030 and FR 2030a: Section 2 of the Federal Reserve Act [12 U.S.C. 222 and 282] and Sections 9 and 11(a) of the Federal Reserve Act [12 U.S.C. 248(a) and 321]; • FR 2056: Section 5 of the Federal Reserve Act [12 U.S.C. 287] and Sections 11(a) and (i) of the Federal Reserve Act [12 U.S.C. 248(a) and (i)]; • FR 2086: Section 5 of the Federal Reserve Act [12 U.S.C. 287] and Sections 11(a) and (i) of the Federal Reserve Act [12 U.S.C. 248(a) and (i)]; • FR 2086a: Section 9 of the Federal Reserve Act [12 U.S.C. 321], Section 5 of the Federal Reserve Act [12 U.S.C. 287], and Section 11(a) of the Federal Reserve Act [12 U.S.C. 248(a)]; and PO 00000 Frm 00021 Fmt 4703 Sfmt 4703 • FR 2087: Section 6 of the Federal Reserve Act [12 U.S.C. 288] and Sections 11(a) and (i) of the Federal Reserve Act [12 U.S.C. 248 (a) and (i)]. The information solicited in these application forms is not considered confidential, but applicants may request that parts of the forms be kept confidential. Any request for confidential treatment of information must be accompanied by a detailed justification for confidentiality. For example, a justification for confidential treatment of business information under exemption 4 of the Freedom of Information Act (FOIA), 5 U.S.C. 552(b)(4), should demonstrate that substantial harm would result from public release of the information. Submissions of these forms may also be exempt under exemption 6 of FOIA, 5. U.S.C. 552(b)(6), if a submitter identifies information of a personal nature the disclosure of which would result in a clearly unwarranted invasion of personal privacy. Additionally, exemption 8 of FOIA, 5 U.S.C. 552(b)(8) may apply to the extent the reported information is contained in or related to examination reports. Each request for confidentiality that is received by a submitter of these forms will need to be reviewed on a case-by-case basis. Abstract: These application forms are required by the Federal Reserve Act and Regulation I. These forms must be used by a new or existing member bank (including a national bank) to request the issuance, and adjustment in, or cancellation of Federal Reserve Bank stock. The forms must contain certain certifications by the applicants, as well as certain other financial and shareholder data that is needed by the Federal Reserve to process the request. Current Actions: On October 17, 2014, the Federal Reserve published a notice in the Federal Register (79 FR 62442) requesting public comment for 60 days on the extension, without revision, of this information collection. The comment period for this notice expired on December 16, 2014. The Federal Reserve did not receive any comments. The information collection will be extended for three years, without revision, as proposed. 2. Report title: Application for Membership in the Federal Reserve System. Agency form number: FR 2083, 2083A, 2083B, and 2083C. OMB control number: 7100–0046. Frequency: On occasion. Reporters: Newly organized banks that seek to become state member banks, or existing banks or savings institutions that seek to convert to state member bank status. E:\FR\FM\21JAN1.SGM 21JAN1 asabaliauskas on DSK5VPTVN1PROD with NOTICES Federal Register / Vol. 80, No. 13 / Wednesday, January 21, 2015 / Notices Estimated annual reporting hours: 184 hours. Estimated average hours per response: 4 hours. Number of respondents: 46. General description of report: This information collection is mandatory (Section 9 of the Federal Reserve Act [12 U.S.C. 321, 322, and 333]). The information solicited in this application form is not considered confidential, but applicants may request that parts of the form be kept confidential. Any request for confidential treatment of information must be accompanied by a detailed justification for confidentiality. For example, a justification for confidential treatment of business information under exemption 4 of the Freedom of Information Act (FOIA), 5 U.S.C. 552(b)(4), should demonstrate that substantial harm would result from public release of the information. Submissions of this form may also be exempt under exemption 6 of FOIA, 5. U.S.C. 552(b)(6), if a submitter identifies information of a personal nature the disclosure of which would result in a clearly unwarranted invasion of personal privacy. Additionally, exemption 8 of FOIA, 5 U.S.C. 552(b)(8) may apply to the extent the reported information is contained in or related to examination reports. Each request for confidentiality that is received by a submitter of this form will need to be reviewed on a case-by-case basis. Abstract: The application for membership is a required one-time submission that collects the information necessary for the Federal Reserve to evaluate the statutory criteria for admission of a new or existing state bank into membership in the Federal Reserve System. The application collects managerial, financial, and structural data. Current Actions: On October 17, 2014, the Federal Reserve published a notice in the Federal Register (79 FR 62442) requesting public comment for 60 days on the extension, without revision, of this information collection. The comment period for this notice expired on December 16, 2014. The Federal Reserve did not receive any comments. The information collection will be extended for three years, without revision, as proposed. 3. Report titles: Registration Statement for Persons Who Extend Credit Secured by Margin Stock (Other Than Banks, Brokers, or Dealers); Deregistration Statement for Persons Registered Pursuant to Regulation U; Statement of Purpose for an Extension of Credit Secured by Margin Stock by a Person Subject to Registration under Regulation U; Annual Report; Statement of Purpose VerDate Sep<11>2014 17:50 Jan 20, 2015 Jkt 235001 for an Extension of Credit by a Creditor; and Statement of Purpose for an Extension of Credit Secured by Margin Stock. Agency form numbers: FR G–1, FR G– 2, FR G–3, FR G–4, FR T–4, FR U–1. OMB control numbers: 7100–0011: FR G–1, FR G–2, FR G–4; 7100–0018: FR G– 3; 7100–0019: FR T–4; 7100–0115: FR U–1. Frequency: FR G–1, FR G–2, FR G–3, FR T–4, and FR U–1: on occasion; FR G–4: annual. Reporters: Individuals and businesses. Estimated annual reporting hours: 245 hours. Estimated average hours per response: FR G–1: 2.5 hours; FR G–2: 15 minutes; FR G–3: 10 minutes; FR G–4: 2.0 hours; FR T–4: 10 minutes; FR U–1: 10 minutes. Number of respondents: FR G–1: 52; FR G–2: 25; FR G–3: 6; FR G–4: 12; FR T–4: 4; FR U–1: 4. General description of reports: This information collection is mandatory (15 U.S.C. 78g). In addition, the FR T–4 is required by Section 220.6 of Regulation T (12 CFR 220.6), the FR U–1 is required by Sections 221.3(c)(1)(i) and (2)(i) of Regulation U (12 CFR 221.3(c)(1)(i) and (2)(i)), and the FR G–1, G–2, G–3, and G–4 are required by Sections 221.3(b)(1), (2), and (3), and (c)(1)(ii) and (2)(ii) of Regulation U (12 CFR 221.3(b)(1), (2), and (3), and (c)(1)(ii) and (2)(ii)). The FR G–1 and FR G–4 collect financial information, including a balance sheet, from nonbank lenders subject to Regulation U. Some of these lenders may be individuals or nonbank entities that do not make this information publicly available; release could therefore cause substantial harm to the competitive position of the respondent or result in an unwarranted invasion of personal privacy. In those cases, the information could be withheld under Exemption 4 or Exemption 6 of FOIA, 5 U.S.C. 552(b)(4) and (6), respectively. Confidentiality determinations must be made on a case by case basis. Because the FR T–4, FR U–1, and FR G–3 are not submitted to the Federal Reserve System, and the FR G–2 does not contain any information considered to be confidential, no confidentiality determination is necessary for these reports. Abstract: The Securities Exchange Act of 1934 authorizes the Federal Reserve to regulate securities credit extended by brokers and dealers, banks, and other lenders. The purpose statements, FR T– 4, FR U–1, and FR G–3, are recordkeeping requirements for brokers and dealers, banks, and other lenders, respectively, to document the purpose PO 00000 Frm 00022 Fmt 4703 Sfmt 4703 2933 of their loans secured by margin stock. Margin stock is defined as (1) stocks that are registered on a national securities exchange or any over-the-counter security designated for trading in the National Market System, (2) debt securities (bonds) that are convertible into margin stock, and (3) shares of most mutual funds. Lenders other than brokers and dealers and banks must register and deregister with the Federal Reserve using the FR G–1 and FR G–2, respectively, and they must file an annual report (FR G–4) while registered. The Federal Reserve uses the data to identify lenders subject to Regulation U, to verify their compliance with the regulation, and to monitor margin credit. Current Actions: On October 17, 2014, the Federal Reserve published a notice in the Federal Register (79 FR 62442) requesting public comment for 60 days on the extension, without revision, of these information collections. The comment period for this notice expired on December 16, 2014. The Federal Reserve received one comment letter from a banker. The commenter recommended revising the FR U–1 report to remove the attestation requirement in Part III when the response to Question #2 of Part I ‘‘Will any part of this credit be used to purchase or carry margin stock?’’ is ‘‘No’’. The Federal Reserve believes the commenter misunderstands Question #2 of Part I, which asks the purpose of the loan, not whether the loan is secured by margin stock. A completed and signed FR U–1 is only required when the loan is secured, directly or indirectly, by margin stock. The Federal Reserve will extend the information collections for three years, without revision, as proposed. Board of Governors of the Federal Reserve System, January 15, 2015. Robert deV. Frierson, Secretary of the Board. [FR Doc. 2015–00859 Filed 1–20–15; 8:45 am] BILLING CODE 6210–01–P FEDERAL RESERVE SYSTEM 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)). E:\FR\FM\21JAN1.SGM 21JAN1

Agencies

[Federal Register Volume 80, Number 13 (Wednesday, January 21, 2015)]
[Notices]
[Pages 2932-2933]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2015-00859]


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FEDERAL RESERVE SYSTEM


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

AGENCY: Board of Governors of the Federal Reserve System.
SUMMARY: Notice is hereby given of the final approval of proposed 
information collections by the Board of Governors of the Federal 
Reserve System (Board) under OMB delegated authority, as per 5 CFR 
1320.16 (OMB Regulations on Controlling Paperwork Burdens on the 
Public). Board-approved collections of information are incorporated 
into the official OMB inventory of currently approved collections of 
information. Copies of the Paperwork Reduction Act Submission, 
supporting statements and approved collection of information 
instrument(s) are placed into OMB's public docket files. The Federal 
Reserve may not conduct or sponsor, and the respondent is not required 
to respond to, an information collection that has been extended, 
revised, or implemented on or after October 1, 1995, unless it displays 
a currently valid OMB control number.

FOR FURTHER INFORMATION CONTACT: Federal Reserve Board Acting Clearance 
Officer--John Schmidt--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.
    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.
    Final approval under OMB delegated authority of the extension for 
three years, without revision, of the following information 
collections:
    1. Report title: Applications for Subscription to, Adjustment in 
the Holding of, and Cancellation of Federal Reserve Bank Stock.
    Agency form number: FR 2030, FR 2030a, FR 2056, FR 2086, FR 2086a, 
FR 2087.
    OMB control number: 7100-0042.
    Frequency: On occasion.
    Reporters: National, State Member, and Nonmember banks.
    Estimated annual reporting hours: FR 2030: 2 hours; FR 2030a: 1 
hour; FR 2056: 667 hours; FR 2086: 23 hours; FR 2086a: 40 hours; FR 
2087: 1 hour.
    Estimated average hours per response: .5 hours.
    Number of respondents: FR 2030: 4; FR 2030a: 2; FR 2056: 1,333; FR 
2086: 45; FR 2086a: 79; FR 2087: 1.
    General description of report: These information collections are 
mandatory.
     FR 2030 and FR 2030a: Section 2 of the Federal Reserve Act 
[12 U.S.C. 222 and 282] and Sections 9 and 11(a) of the Federal Reserve 
Act [12 U.S.C. 248(a) and 321];
     FR 2056: Section 5 of the Federal Reserve Act [12 U.S.C. 
287] and Sections 11(a) and (i) of the Federal Reserve Act [12 U.S.C. 
248(a) and (i)];
     FR 2086: Section 5 of the Federal Reserve Act [12 U.S.C. 
287] and Sections 11(a) and (i) of the Federal Reserve Act [12 U.S.C. 
248(a) and (i)];
     FR 2086a: Section 9 of the Federal Reserve Act [12 U.S.C. 
321], Section 5 of the Federal Reserve Act [12 U.S.C. 287], and Section 
11(a) of the Federal Reserve Act [12 U.S.C. 248(a)]; and
     FR 2087: Section 6 of the Federal Reserve Act [12 U.S.C. 
288] and Sections 11(a) and (i) of the Federal Reserve Act [12 U.S.C. 
248 (a) and (i)].
    The information solicited in these application forms is not 
considered confidential, but applicants may request that parts of the 
forms be kept confidential. Any request for confidential treatment of 
information must be accompanied by a detailed justification for 
confidentiality. For example, a justification for confidential 
treatment of business information under exemption 4 of the Freedom of 
Information Act (FOIA), 5 U.S.C. 552(b)(4), should demonstrate that 
substantial harm would result from public release of the information. 
Submissions of these forms may also be exempt under exemption 6 of 
FOIA, 5. U.S.C. 552(b)(6), if a submitter identifies information of a 
personal nature the disclosure of which would result in a clearly 
unwarranted invasion of personal privacy. Additionally, exemption 8 of 
FOIA, 5 U.S.C. 552(b)(8) may apply to the extent the reported 
information is contained in or related to examination reports. Each 
request for confidentiality that is received by a submitter of these 
forms will need to be reviewed on a case-by-case basis.
    Abstract: These application forms are required by the Federal 
Reserve Act and Regulation I. These forms must be used by a new or 
existing member bank (including a national bank) to request the 
issuance, and adjustment in, or cancellation of Federal Reserve Bank 
stock. The forms must contain certain certifications by the applicants, 
as well as certain other financial and shareholder data that is needed 
by the Federal Reserve to process the request.
    Current Actions: On October 17, 2014, the Federal Reserve published 
a notice in the Federal Register (79 FR 62442) requesting public 
comment for 60 days on the extension, without revision, of this 
information collection. The comment period for this notice expired on 
December 16, 2014. The Federal Reserve did not receive any comments. 
The information collection will be extended for three years, without 
revision, as proposed.
    2. Report title: Application for Membership in the Federal Reserve 
System.
    Agency form number: FR 2083, 2083A, 2083B, and 2083C.
    OMB control number: 7100-0046.
    Frequency: On occasion.
    Reporters: Newly organized banks that seek to become state member 
banks, or existing banks or savings institutions that seek to convert 
to state member bank status.

[[Page 2933]]

    Estimated annual reporting hours: 184 hours.
    Estimated average hours per response: 4 hours.
    Number of respondents: 46.
    General description of report: This information collection is 
mandatory (Section 9 of the Federal Reserve Act [12 U.S.C. 321, 322, 
and 333]). The information solicited in this application form is not 
considered confidential, but applicants may request that parts of the 
form be kept confidential. Any request for confidential treatment of 
information must be accompanied by a detailed justification for 
confidentiality. For example, a justification for confidential 
treatment of business information under exemption 4 of the Freedom of 
Information Act (FOIA), 5 U.S.C. 552(b)(4), should demonstrate that 
substantial harm would result from public release of the information. 
Submissions of this form may also be exempt under exemption 6 of FOIA, 
5. U.S.C. 552(b)(6), if a submitter identifies information of a 
personal nature the disclosure of which would result in a clearly 
unwarranted invasion of personal privacy. Additionally, exemption 8 of 
FOIA, 5 U.S.C. 552(b)(8) may apply to the extent the reported 
information is contained in or related to examination reports. Each 
request for confidentiality that is received by a submitter of this 
form will need to be reviewed on a case-by-case basis.
    Abstract: The application for membership is a required one-time 
submission that collects the information necessary for the Federal 
Reserve to evaluate the statutory criteria for admission of a new or 
existing state bank into membership in the Federal Reserve System. The 
application collects managerial, financial, and structural data.
    Current Actions: On October 17, 2014, the Federal Reserve published 
a notice in the Federal Register (79 FR 62442) requesting public 
comment for 60 days on the extension, without revision, of this 
information collection. The comment period for this notice expired on 
December 16, 2014. The Federal Reserve did not receive any comments. 
The information collection will be extended for three years, without 
revision, as proposed.
    3. Report titles: Registration Statement for Persons Who Extend 
Credit Secured by Margin Stock (Other Than Banks, Brokers, or Dealers); 
Deregistration Statement for Persons Registered Pursuant to Regulation 
U; Statement of Purpose for an Extension of Credit Secured by Margin 
Stock by a Person Subject to Registration under Regulation U; Annual 
Report; Statement of Purpose for an Extension of Credit by a Creditor; 
and Statement of Purpose for an Extension of Credit Secured by Margin 
Stock.
    Agency form numbers: FR G-1, FR G-2, FR G-3, FR G-4, FR T-4, FR U-
1.
    OMB control numbers: 7100-0011: FR G-1, FR G-2, FR G-4; 7100-0018: 
FR G-3; 7100-0019: FR T-4; 7100-0115: FR U-1.
    Frequency: FR G-1, FR G-2, FR G-3, FR T-4, and FR U-1: on occasion; 
FR G-4: annual.
    Reporters: Individuals and businesses.
    Estimated annual reporting hours: 245 hours.
    Estimated average hours per response: FR G-1: 2.5 hours; FR G-2: 15 
minutes; FR G-3: 10 minutes; FR G-4: 2.0 hours; FR T-4: 10 minutes; FR 
U-1: 10 minutes.
    Number of respondents: FR G-1: 52; FR G-2: 25; FR G-3: 6; FR G-4: 
12; FR T-4: 4; FR U-1: 4.
    General description of reports: This information collection is 
mandatory (15 U.S.C. 78g). In addition, the FR T-4 is required by 
Section 220.6 of Regulation T (12 CFR 220.6), the FR U-1 is required by 
Sections 221.3(c)(1)(i) and (2)(i) of Regulation U (12 CFR 
221.3(c)(1)(i) and (2)(i)), and the FR G-1, G-2, G-3, and G-4 are 
required by Sections 221.3(b)(1), (2), and (3), and (c)(1)(ii) and 
(2)(ii) of Regulation U (12 CFR 221.3(b)(1), (2), and (3), and 
(c)(1)(ii) and (2)(ii)).
    The FR G-1 and FR G-4 collect financial information, including a 
balance sheet, from nonbank lenders subject to Regulation U. Some of 
these lenders may be individuals or nonbank entities that do not make 
this information publicly available; release could therefore cause 
substantial harm to the competitive position of the respondent or 
result in an unwarranted invasion of personal privacy. In those cases, 
the information could be withheld under Exemption 4 or Exemption 6 of 
FOIA, 5 U.S.C. 552(b)(4) and (6), respectively. Confidentiality 
determinations must be made on a case by case basis. Because the FR T-
4, FR U-1, and FR G-3 are not submitted to the Federal Reserve System, 
and the FR G-2 does not contain any information considered to be 
confidential, no confidentiality determination is necessary for these 
reports.
    Abstract: The Securities Exchange Act of 1934 authorizes the 
Federal Reserve to regulate securities credit extended by brokers and 
dealers, banks, and other lenders. The purpose statements, FR T-4, FR 
U-1, and FR G-3, are recordkeeping requirements for brokers and 
dealers, banks, and other lenders, respectively, to document the 
purpose of their loans secured by margin stock. Margin stock is defined 
as (1) stocks that are registered on a national securities exchange or 
any over-the-counter security designated for trading in the National 
Market System, (2) debt securities (bonds) that are convertible into 
margin stock, and (3) shares of most mutual funds. Lenders other than 
brokers and dealers and banks must register and deregister with the 
Federal Reserve using the FR G-1 and FR G-2, respectively, and they 
must file an annual report (FR G-4) while registered. The Federal 
Reserve uses the data to identify lenders subject to Regulation U, to 
verify their compliance with the regulation, and to monitor margin 
credit.
    Current Actions: On October 17, 2014, the Federal Reserve published 
a notice in the Federal Register (79 FR 62442) requesting public 
comment for 60 days on the extension, without revision, of these 
information collections. The comment period for this notice expired on 
December 16, 2014. The Federal Reserve received one comment letter from 
a banker. The commenter recommended revising the FR U-1 report to 
remove the attestation requirement in Part III when the response to 
Question #2 of Part I ``Will any part of this credit be used to 
purchase or carry margin stock?'' is ``No''. The Federal Reserve 
believes the commenter misunderstands Question #2 of Part I, which asks 
the purpose of the loan, not whether the loan is secured by margin 
stock. A completed and signed FR U-1 is only required when the loan is 
secured, directly or indirectly, by margin stock. The Federal Reserve 
will extend the information collections for three years, without 
revision, as proposed.

    Board of Governors of the Federal Reserve System, January 15, 
2015.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2015-00859 Filed 1-20-15; 8:45 am]
BILLING CODE 6210-01-P