Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 18842-18843 [2018-08992]

Download as PDF 18842 Federal Register / Vol. 83, No. 83 / Monday, April 30, 2018 / Notices newly chartered branch banking institutions and the number of institutions that transitioned from having no branches to having at least one branch. FDIC records reflect that there were 683 branch closures, on average, each year between 2015 and 2017. FDIC estimates that an average of 23 institutions each year will transition from having no branches to having at least one branch. 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 collection of information 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, on April 25, 2018. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 2018–09014 Filed 4–27–18; 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: The Board of Governors of the Federal Reserve System (Board) is adopting a proposal to extend for three years, without revision, the Recordkeeping Requirements Associated with Limitations on Interbank Liabilities (Regulation F; OMB No. 7100–0331). FOR FURTHER INFORMATION CONTACT: Federal Reserve Board Clearance Officer—Nuha Elmaghrabi—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. nshattuck on DSK9F9SC42PROD with NOTICES AGENCY: VerDate Sep<11>2014 15:01 Apr 27, 2018 Jkt 244001 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. SUPPLEMENTARY INFORMATION: On June 15, 1984, the Office of Management and Budget (OMB) delegated to the Board authority under the Paperwork Reduction Act (PRA) to approve of and assign OMB control numbers to collection of information requests and requirements conducted or sponsored by the Board. 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. Final approval under OMB delegated authority of the extension for three years, without revision, of the following report: Report title: Recordkeeping Requirements Associated with Limitations on Interbank Liabilities. Agency form number: Regulation F. OMB control number: 7100–0331. Frequency: On occasion. Respondents: Depository institutions insured by the Federal Deposit Insurance Corporation (FDIC). Estimated number of respondents: State member banks: 829; non-member banks: 3,396; national banks: 921; state savings banks: 309; federal savings banks: 228; savings & loan associations: 195; insured federal branch of foreign banking organization: 4; insured state branch of foreign banking organization: 6; non-depository trust company member: 2; cooperative banks: 33. Estimated average hours per response: 8 hours. Estimated annual burden hours: State member banks: 6,632; non-member banks: 27,168; national banks: 7,368; state savings banks: 2,472; federal savings banks: 1,824; savings & loan associations: 1,560; insured federal branch of foreign banking organization: 32; insured state branch of foreign banking organization: 48; nondepository trust company member: 16; cooperative banks: 264. General description of report: Section 206.3 of the Board’s Regulation F, 12 PO 00000 Frm 00068 Fmt 4703 Sfmt 4703 CFR 206.3, requires insured depository institutions to establish and maintain policies and procedures designed to prevent excessive exposure to ‘‘correspondents,’’ which include nonaffiliated U.S. insured depository institutions and non-affiliated foreign banks. Regulation F limits the risks that the failure of a correspondent would pose to insured depository institutions. Where exposure to a correspondent is significant, the policies and procedures shall require periodic reviews of the financial condition of the correspondent and shall take into account any deterioration in the correspondent’s financial condition. Where the financial condition of the correspondent and the form or maturity of the exposure create a significant risk that payments will not be made in full or in a timely manner, the policies and procedures should limit the bank’s exposure to the correspondent, either by the establishment of internal limits or by other means. The Board has updated its burden estimate for this information collection to account for all depository institutions insured by the Federal Deposit Insurance Corporation (FDIC), all of which are potential respondents. The Board’s previous burden estimate accounted only for state member banks. The increase in burden reflects the update to correct the number of potential respondents, and is not due to a change in burden for individual institutions. Legal authorization and confidentiality: The Board’s Legal Division has determined that the recordkeeping requirements of Regulation F are mandatory and authorized by section 23 of the Federal Reserve Act, as added by section 308 of the Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA) (12 U.S.C. 371b–2). Because the Board does not collect any information, no issue of confidentiality normally arises. However, if a compliance program becomes a Board record during an examination, the information may be protected from disclosure under exemptions (b)(4) and (b)(8) of the Freedom of Information Act (5 U.S.C. 552(b)(4) and (b)(8)). Current actions: On January 23, 2018, the Board published a notice in the Federal Register (83 FR 3148) requesting public comment for 60 days on the extension for three years, without revision, of the Recordkeeping Requirements Associated with Limitations on Interbank Liabilities (Regulation F). The comment period for this notice expired on March 26, 2018. E:\FR\FM\30APN1.SGM 30APN1 Federal Register / Vol. 83, No. 83 / Monday, April 30, 2018 / Notices The Board did not receive any comments. Board of Governors of the Federal Reserve System, April 24, 2018. Ann Misback, Secretary of the Board. [FR Doc. 2018–08992 Filed 4–27–18; 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. ACTION: Notice, request for comment. AGENCY: The Board of Governors of the Federal Reserve System (Board) invites comment on a proposal to extend for three years, with revision, the Financial Statements for Holding Companies (FR Y–9 family of reports) (OMB No. 7100– 0128). DATES: Comments must be submitted on or before June 29, 2018. ADDRESSES: You may submit comments, identified by FR Y–9C, FR Y–9LP, FR Y– 9SP, FR Y–9ES, or FR Y–9CS, by any of the following methods: • Agency Website: https:// www.federalreserve.gov. Follow the instructions for submitting comments at https://www.federalreserve.gov/apps/ foia/proposedregs.aspx. • Email: regs.comments@ federalreserve.gov. Include OMB number in the subject line of the message. • FAX: (202) 452–3819 or (202) 452– 3102. • Mail: Ann E. Misback, 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 website 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 3515, 1801 K Street (between 18th and 19th Streets NW) Washington, DC 20006 between 9:00 a.m. and 5:00 p.m. on weekdays. For security reasons, the Board requires that visitors make an appointment to inspect comments. You may do so by calling (202) 452–3684. Upon arrival, visitors will be required to present valid government-issued photo identification and to submit to security screening in nshattuck on DSK9F9SC42PROD with NOTICES SUMMARY: VerDate Sep<11>2014 15:01 Apr 27, 2018 Jkt 244001 order to inspect and photocopy comments. 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, if approved. These documents will also be made available on the Federal Reserve Board’s public website 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—Nuha Elmaghrabi—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: On June 15, 1984, the Office of Management and Budget (OMB) delegated to the Board authority under the Paperwork Reduction Act (PRA) to approve of and assign OMB control numbers to collection of information requests and requirements conducted or sponsored by the Board. In exercising this delegated authority, the Board is directed to take every reasonable step to solicit comment. In determining whether to approve a collection of information, the Board will consider all comments received from the public and other agencies. Request for comment on information collection proposal: The Board invites public comment on the following information collection, which is being reviewed under authority delegated by the OMB under the PRA. 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; PO 00000 Frm 00069 Fmt 4703 Sfmt 4703 18843 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 startup costs and costs of operation, maintenance, and purchase of services to provide information. At the end of the comment period, the comments and recommendations received will be analyzed to determine the extent to which the Federal Reserve should modify the proposal. Proposal to approve under OMB delegated authority the extension for three years, with revision, of the following reports: Report title: Financial Statements for Holding Companies. Agency form number: FR Y–9C, FR Y–9LP, FR Y–9SP, FR Y–9ES, and FR Y–9CS. OMB control number: 7100–0128. Frequency: Quarterly, semiannually, and annually. Reporters: Bank holding companies, savings and loan holding companies, securities holding companies, and U.S. Intermediate Holding Companies (collectively, holding companies (HCs)). Estimated average hours per response: FR Y–9C (non-advanced approaches holding companies): 46.29 hours; FR Y–9C (advanced approached holding companies HCs): 47.54 hours; FR Y–9LP: 5.27 hours; FR Y–9SP: 5.40 hours FR Y–9ES: 0.50 hours; FR Y–9CS: 0.50 hours. Estimated number of respondents: FR Y–9C (non-advanced approaches holding companies): 623; FR Y–9C (advanced approached holding companies): 18; FR Y–9LP: 761; FR Y–9SP: 3,613 FR Y–9ES: 84; FR Y–9CS: 236. Estimated annual burden hours: FR Y–9C (non-advanced approaches holding companies): 115,355 hours; FR Y–9C (advanced approached holding companies): 3,423 hours; FR Y–9LP: 16,042 hours; FR Y–9SP: 39,020; FR Y–9ES: 42 hours; FR Y–9CS: 472 hours. General description of report: The FR Y–9C serves as standardized financial statements for the consolidated holding company. The FR Y–9 family of reporting forms continues to be the primary source of financial data on HCs that examiners rely on between on-site inspections. Financial data from these reporting forms is used to detect emerging financial problems, review performance, conduct pre-inspection analysis, monitor and evaluate capital adequacy, evaluate HC mergers and E:\FR\FM\30APN1.SGM 30APN1

Agencies

[Federal Register Volume 83, Number 83 (Monday, April 30, 2018)]
[Notices]
[Pages 18842-18843]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-08992]


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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: The Board of Governors of the Federal Reserve System (Board) 
is adopting a proposal to extend for three years, without revision, the 
Recordkeeping Requirements Associated with Limitations on Interbank 
Liabilities (Regulation F; OMB No. 7100-0331).

FOR FURTHER INFORMATION CONTACT: Federal Reserve Board Clearance 
Officer--Nuha Elmaghrabi--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 
or by fax to (202) 395-6974.

SUPPLEMENTARY INFORMATION: On June 15, 1984, the Office of Management 
and Budget (OMB) delegated to the Board authority under the Paperwork 
Reduction Act (PRA) to approve of and assign OMB control numbers to 
collection of information requests and requirements conducted or 
sponsored by the Board. 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.
    Final approval under OMB delegated authority of the extension for 
three years, without revision, of the following report:
    Report title: Recordkeeping Requirements Associated with 
Limitations on Interbank Liabilities.
    Agency form number: Regulation F.
    OMB control number: 7100-0331.
    Frequency: On occasion.
    Respondents: Depository institutions insured by the Federal Deposit 
Insurance Corporation (FDIC).
    Estimated number of respondents: State member banks: 829; non-
member banks: 3,396; national banks: 921; state savings banks: 309; 
federal savings banks: 228; savings & loan associations: 195; insured 
federal branch of foreign banking organization: 4; insured state branch 
of foreign banking organization: 6; non-depository trust company 
member: 2; cooperative banks: 33.
    Estimated average hours per response: 8 hours.
    Estimated annual burden hours: State member banks: 6,632; non-
member banks: 27,168; national banks: 7,368; state savings banks: 
2,472; federal savings banks: 1,824; savings & loan associations: 
1,560; insured federal branch of foreign banking organization: 32; 
insured state branch of foreign banking organization: 48; non-
depository trust company member: 16; cooperative banks: 264.
    General description of report: Section 206.3 of the Board's 
Regulation F, 12 CFR 206.3, requires insured depository institutions to 
establish and maintain policies and procedures designed to prevent 
excessive exposure to ``correspondents,'' which include non-affiliated 
U.S. insured depository institutions and non-affiliated foreign banks. 
Regulation F limits the risks that the failure of a correspondent would 
pose to insured depository institutions. Where exposure to a 
correspondent is significant, the policies and procedures shall require 
periodic reviews of the financial condition of the correspondent and 
shall take into account any deterioration in the correspondent's 
financial condition. Where the financial condition of the correspondent 
and the form or maturity of the exposure create a significant risk that 
payments will not be made in full or in a timely manner, the policies 
and procedures should limit the bank's exposure to the correspondent, 
either by the establishment of internal limits or by other means.
    The Board has updated its burden estimate for this information 
collection to account for all depository institutions insured by the 
Federal Deposit Insurance Corporation (FDIC), all of which are 
potential respondents. The Board's previous burden estimate accounted 
only for state member banks. The increase in burden reflects the update 
to correct the number of potential respondents, and is not due to a 
change in burden for individual institutions.
    Legal authorization and confidentiality: The Board's Legal Division 
has determined that the recordkeeping requirements of Regulation F are 
mandatory and authorized by section 23 of the Federal Reserve Act, as 
added by section 308 of the Federal Deposit Insurance Corporation 
Improvement Act of 1991 (FDICIA) (12 U.S.C. 371b-2). Because the Board 
does not collect any information, no issue of confidentiality normally 
arises. However, if a compliance program becomes a Board record during 
an examination, the information may be protected from disclosure under 
exemptions (b)(4) and (b)(8) of the Freedom of Information Act (5 
U.S.C. 552(b)(4) and (b)(8)).
    Current actions: On January 23, 2018, the Board published a notice 
in the Federal Register (83 FR 3148) requesting public comment for 60 
days on the extension for three years, without revision, of the 
Recordkeeping Requirements Associated with Limitations on Interbank 
Liabilities (Regulation F). The comment period for this notice expired 
on March 26, 2018.

[[Page 18843]]

The Board did not receive any comments.

    Board of Governors of the Federal Reserve System, April 24, 
2018.
Ann Misback,
Secretary of the Board.
[FR Doc. 2018-08992 Filed 4-27-18; 8:45 am]
 BILLING CODE 6210-01-P
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