Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 58771-58773 [2018-25339]

Download as PDF Federal Register / Vol. 83, No. 225 / Wednesday, November 21, 2018 / Notices Committee will be Webcast live via the internet http://fdic.windrosemedia.com. Questions or troubleshooting help can be found at the same link. For optimal viewing, a high-speed internet connection is recommended. Further, a video of the meeting will be available on-demand approximately two weeks after the event. FEDERAL MARITIME COMMISSION Dated: November 16, 2018. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. November 16, 2018. [FR Doc. 2018–25366 Filed 11–20–18; 8:45 am] BILLING CODE 6714–01–P FEDERAL MARITIME COMMISSION khammond on DSK30JT082PROD with NOTICES Notice of Agreement Filed The Commission hereby gives notice of the filing of the following agreement under the Shipping Act of 1984. Interested parties may submit comments on the agreement to the Secretary by email at Secretary@fmc.gov, or by mail, Federal Maritime Commission, Washington, DC 20573, within twelve days of the date this notice appears in the Federal Register. A Copy of the agreement is available through the Commission’s website (www.fmc.gov) or by contacting the Office of Agreements at (202)–523–5793 or tradeanalysis@ fmc.gov. Agreement No.: 011707–016. Agreement Name: Gulf/South America Discussion Agreement. Parties: BBC Chartering Carriers GmbH & Co. KG; Industrial Maritime Carriers, LLC; Seaboard Marine Ltd.; and ZEAMARINE Carrier GmbH. Filing Party: Wade Hooker. Synopsis: The amendment removes the sections into which the parties are currently divided, adds ad hoc space charter authority, adds joint service contract authority, and adds ZEAMARINE Carrier GmbH as a party to the Agreement. Proposed Effective Date: 12/27/2018. Location: https://www2.fmc.gov/ FMC.Agreements.Web/Public/ AgreementHistory/684. [Docket No. 18–10] Logfret, Inc., Complainant v. Kirsha, B.V., Leendert Johanness Bergwerff a/k/a Hans Bergwerff, Linda Sieval, Respondents; Notice of Filing of Complaint and Assignment Notice is given that a complaint has been filed with the Federal Maritime Commission (Commission) by Logfret, Inc., hereinafter ‘‘Complainant’’, against Kirsha, B.V., Leendert Johanness Bergwerff a/k/a Hans Bergwerff, and Linda Sieval, hereinafter ‘‘Respondents’’. Complainant states that it ‘‘. . . provides transport, logistics and related shipping services to customers in the United States and worldwide’’ and is licensed by the Commission. Complainant states that it ‘‘. . . is an affiliate of Logfret, B.V. . . . ’’ Complainant states that ‘‘. . . Respondent Kirsha, B.V. is a corporation organized and existing under the laws of the Netherlands. . . .’’ Complainant states that ‘‘Respondent Ms. Linda Sieval, a Dutch national, was a sales manager for Logfret B.V. until the termination of her employment on March 1, 2018. Complainant states that Respondent Mr. Hans Bergwerff, is ‘‘. . . a Dutch national, who exercises signatory authority and direct control over Kirsha, B.V.’’ Complainant alleges that Respondents, in the course of their management of Logret B.V., violated 46 U.S.C. 41103(a) by unlawfully routing shipments to a competitor, and improper use of Complainant’s bill of lading. Complainant seeks reparations in the amount of $2,000,000 and other relief. The full text of the complaint can be found in the Commission’s Electronic Reading Room at www.fmc.gov/18-10. This proceeding has been assigned to Office of Administrative Law Judges. The initial decision of the presiding office in this proceeding shall be issued by November 18, 2019, and the final decision of the Commission shall be issued by June 1, 2020. Dated: November 16, 2018. Rachel Dickon, Secretary. Rachel E. Dickon, Secretary. [FR Doc. 2018–25389 Filed 11–20–18; 8:45 am] BILLING CODE 6731–AA–P [FR Doc. 2018–25415 Filed 11–20–18; 8:45 am] BILLING CODE 6731–AA–P VerDate Sep<11>2014 16:08 Nov 20, 2018 Jkt 247001 PO 00000 Frm 00017 Fmt 4703 Sfmt 4703 58771 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)). 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. 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 December 7, 2018. A. Federal Reserve Bank of Chicago (Colette A. Fried, Assistant Vice President) 230 South LaSalle Street, Chicago, Illinois 60690–1414: 1. 2018 Grantor Trust FBO Rachel Grimstad and 2018 Grantor Trust FBO Gus Grimstad, with Padrin Grimstad as trustee, together with the 2018 Grantor Trust FBO Max Grimstad and 2018 Grantor Trust FBO Oscar Grimstad, with Ann Grimstad as trustee, all of Decorah, Iowa; to join the Grimstad Family Control Group approved on September 21, 2005, and acquire voting shares of Security Agency, Inc., and thereby indirectly acquire voting shares of Decorah Bank and Trust Company, both in Decorah, Iowa. Board of Governors of the Federal Reserve System, November 16, 2018. Yao-Chin Chao, Assistant Secretary of the Board. [FR Doc. 2018–25383 Filed 11–20–18; 8:45 am] BILLING CODE 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 revise for three years, without extension, the Capital Assessments and Stress Testing (FR Y– 14A/Q/M; OMB No. 7100–0341). The revisions are applicable with the reports as of December 31, 2018. AGENCY: E:\FR\FM\21NON1.SGM 21NON1 58772 Federal Register / Vol. 83, No. 225 / Wednesday, November 21, 2018 / Notices khammond on DSK30JT082PROD with NOTICES 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 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 Board 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 Revision, Without Extension, of the Following Information Collection: Report title: Capital Assessments and Stress Testing. Agency form number: FR Y–14A/ Q/M. OMB control number: 7100–0341. Effective Date: December 31, 2018. Frequency: Annually, semi-annually, quarterly, and monthly. Respondents: The respondent panel consists of any top-tier bank holding company (BHC) that has $100 billion or more in total consolidated assets, as determined based on: (i) The average of the firm’s total consolidated assets in the four most recent quarters as reported quarterly on the firm’s FR Y–9C; or (ii) the average of the firm’s total consolidated assets in the most recent consecutive quarters as reported quarterly on the firm’s FR Y–9Cs, if the firm has not filed an FR Y–9C for each of the most recent four quarters. The VerDate Sep<11>2014 16:08 Nov 20, 2018 Jkt 247001 respondent panel also consists of any U.S. intermediate holding company (IHC). Reporting is required as of the first day of the quarter immediately following the quarter in which the respondent meets this asset threshold, unless otherwise directed by the Board. Estimated number of respondents: 36. Estimated average hours per response: FR Y–14A: Summary, 887 hours; Macro Scenario, 31 hours; Operational Risk, 18 hours; Regulatory Capital Instruments, 21 hours; Business Plan Changes, 16 hours; and Adjusted Capital Plan Submission, 100 hours. FR Y–14Q: Retail, 15 hours; Securities, 13 hours; PPNR, 711 hours; Wholesale, 151 hours; Trading, 1,926 hours; Regulatory Capital Transitions, 23 hours; Regulatory Capital Instruments, 54 hours; Operational Risk, 50 hours; MSR Valuation, 23 hours; Supplemental, 4 hours; Retail FVO/HFS, 15 hours; Counterparty, 514 hours; and Balances, 16 hours. FR Y–14M: 1st Lien Mortgage, 516 hours; Home Equity, 516 hours; and Credit Card, 512 hours. FR Y–14 Ongoing Automation Revisions, 480 hours. FR Y–14 Attestation On-going Audit and Review, 2,560 hours. Estimated annual reporting hours: FR Y–14A: Summary, 63,864 hours; Macro Scenario, 2,232 hours; Operational Risk, 648 hours; Regulatory Capital Instruments, 756 hours; Business Plan Changes, 576 hours; and Adjusted Capital Plan Submission, 500 hours. FR Y–14Q: Retail, 2,160 hours; Securities, 1,872 hours; Pre-Provision Net Revenue (PPNR), 102,385 hours; Wholesale, 21,744 hours; Trading, 92,448 hours; Regulatory Capital Transitions, 3,312 hours; Regulatory Capital Instruments, 7,776 hours; Operational risk, 7,200 hours; Mortgage Servicing Rights (MSR) Valuation, 1,380 hours; Supplemental, 576 hours; Retail Fair Value Option/ Held for Sale (Retail FVO/HFS), 1,500 hours; Counterparty, 24,672 hours; and Balances, 2,304 hours. FR Y–14M: 1st Lien Mortgage, 210,528 hours; Home Equity, 173,376 hours; and Credit Card, 86,016 hours. FR Y–14 On-going Automation Revisions, 17,280 hours. FR Y–14 Attestation On-going Audit and Review, 33,280 hours. General description of report: These collections of information are applicable to top-tier BHCs with total consolidated assets of $100 billion or more and U.S. IHCs. This family of information collections is composed of the following three reports: • The semi-annual FR Y–14A, which collects quantitative projections of balance sheet, income, losses, and capital across a range of macroeconomic scenarios, and qualitative information on methodologies used to develop PO 00000 Frm 00018 Fmt 4703 Sfmt 4703 internal projections of capital across scenarios.1 • The quarterly FR Y–14Q, which collects granular data on various asset classes, including loans, securities, trading assets, and pre-provision net revenue (PPNR) for the reporting period. • The monthly FR Y–14M, which is comprised of three retail portfolio- and loan-level schedules, and one detailed address matching schedule to supplement two of the portfolio- and loan-level schedules. Respondent firms are currently required to submit up to 18 filings each year: 2 semi-annual FR Y–14A filings, 4 quarterly FR Y–14Q filings, and 12 monthly FR Y–14M filings. Legal authorization and confidentiality: The FR Y–14 A/Q/M reports are mandatory. The Board has the authority to require BHCs to file the FR Y–14A/Q/M reports pursuant to section 5 of the Bank Holding Company Act (BHC Act) (12 U.S.C. 1844), and to require the U.S. IHCs of Foreign Banking Organizations to file the FR Y– 14 A/Q/M reports pursuant to section 5 of the BHC Act, in conjunction with section 8 of the International Banking Act (12 U.S.C. 3106). The information collected in these reports is collected as part of the Board’s supervisory process, and therefore is afforded confidential treatment pursuant to exemption 8 of the Freedom of Information Act (FOIA) (5 U.S.C. 552(b)(8)). In addition, individual respondents may request that certain data be afforded confidential treatment pursuant to exemption 4 of FOIA if the data has not previously been publically disclosed and the release of the data would likely cause substantial harm to the competitive position of the respondent (5 U.S.C. 552(b)(4)). Determinations of confidentiality based on exemption 4 of FOIA would be made on a case-by-case basis. Current actions: On August 8, 2018, the Board published a notice in the Federal Register (83 FR 39093) requesting public comment for 60 days on the revision, without extension, of the Capital Assessments and Stress Testing (FR Y–14A/Q/M). The Board proposed revising sub-schedule L.5 (Derivatives and SFT Profile) of the FR Y–14Q, Schedule L (Counterparty) by adding back mistakenly omitted items for total stressed net current exposure to be reported under the two supervisory stressed scenarios. With the addition of these items, the instructions would be 1 Firms that must re-submit their capital plan generally also must provide a revised FR Y–14A in connection with their resubmission. See 12 CFR 225.8(d)(4). E:\FR\FM\21NON1.SGM 21NON1 Federal Register / Vol. 83, No. 225 / Wednesday, November 21, 2018 / Notices changed to modify the associated ranking methodologies for the yearly stressed/CCAR submission in subschedule L.5 to require the top 25 counterparties to be reported as ranked by the total stressed net current exposure. The comment period for this notice expired on October 9, 2018. The Board received one comment from a banking organization. The commenter requested that the Board adopt these changes and publish the associated materials as soon as possible in order to provide adequate time to implement and test the changes. The Board strives to provide as much time as possible in advance of the effective date for firms to implement revisions. The draft forms and instructions were made available with the publication of the initial notice. The revisions, including draft forms and instructions, will be implemented as proposed as of December 31, 2018. Board of Governors of the Federal Reserve System, November 15, 2018. Yao-Chin Chao, Assistant Secretary of the Board. [FR Doc. 2018–25339 Filed 11–20–18; 8:45 am] BILLING CODE 6210–01–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, with revision, the Reporting, Recordkeeping, and Disclosure Requirements Associated with the Home Mortgage Disclosure Act (HMDA) and Loan/Application Register (LAR) required by Regulation C (FR HMDA LAR, OMB No. 7100–0247). 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. khammond on DSK30JT082PROD with NOTICES AGENCY: VerDate Sep<11>2014 16:08 Nov 20, 2018 Jkt 247001 On June 15, 1984, the Office of Management and Budget (OMB) delegated to the Board authority under the Paperwork Reduction Act (PRA) to approve 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 Board 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, with revision, of the following information collection: Report title: Reporting, Recordkeeping, and Disclosure Requirements Associated with the Home Mortgage Disclosure Act (HMDA) and Loan/Application Register (LAR) required by Regulation C. Agency form number: FR HMDA LAR. OMB control number: 7100–0247. Frequency: Annually and quarterly. Respondents: State member banks (SMBs), their subsidiaries, subsidiaries of bank holding companies, U.S. branches and agencies of foreign banks (other than federal branches, federal agencies, and insured state branches of foreign banks), commercial lending companies owned or controlled by foreign banks, and organizations operating under section 25 or 25A of the Federal Reserve Act. Estimated number of respondents: Update policies, procedures, and systems (one-time), 505 respondents; Reporting—Tier 1 (annual reporter), 2 respondents; Tier 1 (quarterly reporter), 1 respondent; Tier 2, 148 respondents; Tier 2 (Crapo), 300 respondents; and Tier 3 (Crapo), 54 respondents; Recordkeeping—Tier 1 (annual reporter), 2 respondents; Tier 1 (quarterly reporter), 1 respondent; Tier 2, 448 respondents; and Tier 3, 54 respondents; and Disclosure—Tier 1 (annual reporter), 2 respondents; and Tier 1 (quarterly reporter), 1 respondent. Estimated average hours per response: Update policies, procedures, and systems (one-time), 176 hours; Reporting—Tier 1 (annual reporter), 5,969 hours; Tier 1 (quarterly reporter), 6,903 hours; Tier 2, 1,232 hours; Tier 2 SUPPLEMENTARY INFORMATION: PO 00000 Frm 00019 Fmt 4703 Sfmt 4703 58773 (Crapo), 986 hours; and Tier 3 (Crapo), 64 hours; Recordkeeping—Tier 1 (annual reporter), 4,130 hours; Tier 1 (quarterly reporter), 4,130 hours; Tier 2, 83 hours; and Tier 3, 27 hours; and Disclosure—Tier 1 (annual reporter), 5 hours; and Tier 1 (quarterly reporter), 5 hours. Estimated annual burden hours: Update policies, procedures, and systems (one-time), 88,880 hours; Reporting—Tier 1 (annual reporter), 11,938 hours; Tier 1 (quarterly reporter), 27,612 hours; Tier 2, 182,336 hours; Tier 2: Crapo, 295,800 hours; and Tier 3: Crapo, 3,456 hours; Recordkeeping— Tier 1 (annual reporter), 8,260 hours; Tier 1 (quarterly reporter), 16,520 hours; Tier 2, 37,184 hours; and Tier 3, 1,458 hours; and Disclosure—Tier 1 (annual reporter), 10 hours; and Tier 1 (quarterly reporter), 20 hours. General description of report: HMDA was enacted in 1975 and is implemented by Regulation C. Generally, HMDA requires certain depository and non-depository institutions that make certain mortgage loans to collect, report, and disclose data about originations and purchases of mortgage loans, as well as loan applications that do not result in originations (for example, applications that are denied or withdrawn). HMDA was enacted to provide regulators and the public with loan data that can be used to: (1) Help determine whether financial institutions are serving the housing needs of their communities, (2) assist public officials in distributing public-sector investments so as to attract private investment to areas where it is needed, and (3) assist in identifying possible discriminatory lending patterns and enforcing anti-discrimination statutes.1 Supervisory agencies, state and local public officials, and members of the public use the data to aid in the enforcement of the Community Reinvestment Act, the Equal Credit Opportunity Act, and the Fair Housing Act and to aid in identifying areas for residential redevelopment and rehabilitation. Legal authorization and confidentiality: The FR HMDA LAR is authorized pursuant to section 304(j) of HMDA (12 U.S.C. 2803(j)), which requires that the Bureau of Consumer Financial Protection (Bureau) prescribe by regulation the form of loan application register information that must be reported by covered financial institutions. Section 1003.5 of Regulation C implements this statutory provision, and requires covered financial institutions to submit reports 1 12 CFR 1003.1(b). E:\FR\FM\21NON1.SGM 21NON1

Agencies

[Federal Register Volume 83, Number 225 (Wednesday, November 21, 2018)]
[Notices]
[Pages 58771-58773]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-25339]


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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 revise for three years, without extension, 
the Capital Assessments and Stress Testing (FR Y-14A/Q/M; OMB No. 7100-
0341). The revisions are applicable with the reports as of December 31, 
2018.

[[Page 58772]]


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 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 Board 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 Revision, 
Without Extension, of the Following Information Collection:
    Report title: Capital Assessments and Stress Testing.
    Agency form number: FR Y-14A/ Q/M.
    OMB control number: 7100-0341.
    Effective Date: December 31, 2018.
    Frequency: Annually, semi-annually, quarterly, and monthly.
    Respondents: The respondent panel consists of any top-tier bank 
holding company (BHC) that has $100 billion or more in total 
consolidated assets, as determined based on: (i) The average of the 
firm's total consolidated assets in the four most recent quarters as 
reported quarterly on the firm's FR Y-9C; or (ii) the average of the 
firm's total consolidated assets in the most recent consecutive 
quarters as reported quarterly on the firm's FR Y-9Cs, if the firm has 
not filed an FR Y-9C for each of the most recent four quarters. The 
respondent panel also consists of any U.S. intermediate holding company 
(IHC). Reporting is required as of the first day of the quarter 
immediately following the quarter in which the respondent meets this 
asset threshold, unless otherwise directed by the Board.
    Estimated number of respondents: 36.
    Estimated average hours per response: FR Y-14A: Summary, 887 hours; 
Macro Scenario, 31 hours; Operational Risk, 18 hours; Regulatory 
Capital Instruments, 21 hours; Business Plan Changes, 16 hours; and 
Adjusted Capital Plan Submission, 100 hours. FR Y-14Q: Retail, 15 
hours; Securities, 13 hours; PPNR, 711 hours; Wholesale, 151 hours; 
Trading, 1,926 hours; Regulatory Capital Transitions, 23 hours; 
Regulatory Capital Instruments, 54 hours; Operational Risk, 50 hours; 
MSR Valuation, 23 hours; Supplemental, 4 hours; Retail FVO/HFS, 15 
hours; Counterparty, 514 hours; and Balances, 16 hours. FR Y-14M: 1st 
Lien Mortgage, 516 hours; Home Equity, 516 hours; and Credit Card, 512 
hours. FR Y-14 On-going Automation Revisions, 480 hours. FR Y-14 
Attestation On-going Audit and Review, 2,560 hours.
    Estimated annual reporting hours: FR Y-14A: Summary, 63,864 hours; 
Macro Scenario, 2,232 hours; Operational Risk, 648 hours; Regulatory 
Capital Instruments, 756 hours; Business Plan Changes, 576 hours; and 
Adjusted Capital Plan Submission, 500 hours. FR Y-14Q: Retail, 2,160 
hours; Securities, 1,872 hours; Pre-Provision Net Revenue (PPNR), 
102,385 hours; Wholesale, 21,744 hours; Trading, 92,448 hours; 
Regulatory Capital Transitions, 3,312 hours; Regulatory Capital 
Instruments, 7,776 hours; Operational risk, 7,200 hours; Mortgage 
Servicing Rights (MSR) Valuation, 1,380 hours; Supplemental, 576 hours; 
Retail Fair Value Option/Held for Sale (Retail FVO/HFS), 1,500 hours; 
Counterparty, 24,672 hours; and Balances, 2,304 hours. FR Y-14M: 1st 
Lien Mortgage, 210,528 hours; Home Equity, 173,376 hours; and Credit 
Card, 86,016 hours. FR Y-14 On-going Automation Revisions, 17,280 
hours. FR Y-14 Attestation On-going Audit and Review, 33,280 hours.
    General description of report: These collections of information are 
applicable to top-tier BHCs with total consolidated assets of $100 
billion or more and U.S. IHCs. This family of information collections 
is composed of the following three reports:
     The semi-annual FR Y-14A, which collects quantitative 
projections of balance sheet, income, losses, and capital across a 
range of macroeconomic scenarios, and qualitative information on 
methodologies used to develop internal projections of capital across 
scenarios.\1\
---------------------------------------------------------------------------

    \1\ Firms that must re-submit their capital plan generally also 
must provide a revised FR Y-14A in connection with their 
resubmission. See 12 CFR 225.8(d)(4).
---------------------------------------------------------------------------

     The quarterly FR Y-14Q, which collects granular data on 
various asset classes, including loans, securities, trading assets, and 
pre-provision net revenue (PPNR) for the reporting period.
     The monthly FR Y-14M, which is comprised of three retail 
portfolio- and loan-level schedules, and one detailed address matching 
schedule to supplement two of the portfolio- and loan-level schedules.
    Respondent firms are currently required to submit up to 18 filings 
each year: 2 semi-annual FR Y-14A filings, 4 quarterly FR Y-14Q 
filings, and 12 monthly FR Y-14M filings.
    Legal authorization and confidentiality: The FR Y-14 A/Q/M reports 
are mandatory. The Board has the authority to require BHCs to file the 
FR Y-14A/Q/M reports pursuant to section 5 of the Bank Holding Company 
Act (BHC Act) (12 U.S.C. 1844), and to require the U.S. IHCs of Foreign 
Banking Organizations to file the FR Y-14 A/Q/M reports pursuant to 
section 5 of the BHC Act, in conjunction with section 8 of the 
International Banking Act (12 U.S.C. 3106).
    The information collected in these reports is collected as part of 
the Board's supervisory process, and therefore is afforded confidential 
treatment pursuant to exemption 8 of the Freedom of Information Act 
(FOIA) (5 U.S.C. 552(b)(8)). In addition, individual respondents may 
request that certain data be afforded confidential treatment pursuant 
to exemption 4 of FOIA if the data has not previously been publically 
disclosed and the release of the data would likely cause substantial 
harm to the competitive position of the respondent (5 U.S.C. 
552(b)(4)). Determinations of confidentiality based on exemption 4 of 
FOIA would be made on a case-by-case basis.
    Current actions: On August 8, 2018, the Board published a notice in 
the Federal Register (83 FR 39093) requesting public comment for 60 
days on the revision, without extension, of the Capital Assessments and 
Stress Testing (FR Y-14A/Q/M). The Board proposed revising sub-schedule 
L.5 (Derivatives and SFT Profile) of the FR Y-14Q, Schedule L 
(Counterparty) by adding back mistakenly omitted items for total 
stressed net current exposure to be reported under the two supervisory 
stressed scenarios. With the addition of these items, the instructions 
would be

[[Page 58773]]

changed to modify the associated ranking methodologies for the yearly 
stressed/CCAR submission in sub-schedule L.5 to require the top 25 
counterparties to be reported as ranked by the total stressed net 
current exposure. The comment period for this notice expired on October 
9, 2018. The Board received one comment from a banking organization. 
The commenter requested that the Board adopt these changes and publish 
the associated materials as soon as possible in order to provide 
adequate time to implement and test the changes. The Board strives to 
provide as much time as possible in advance of the effective date for 
firms to implement revisions. The draft forms and instructions were 
made available with the publication of the initial notice. The 
revisions, including draft forms and instructions, will be implemented 
as proposed as of December 31, 2018.

    Board of Governors of the Federal Reserve System, November 15, 
2018.
Yao-Chin Chao,
Assistant Secretary of the Board.
[FR Doc. 2018-25339 Filed 11-20-18; 8:45 am]
BILLING CODE 6210-01-P