Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 80100-80101 [2020-27345]
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80100
Federal Register / Vol. 85, No. 239 / Friday, December 11, 2020 / Notices
Individual respondents may request
that information submitted to the Board
through the FR XX or FR XX–1 be kept
confidential. If a respondent requests
confidential treatment, the Board will
determine whether the information is
entitled to confidential treatment on a
case-by-case basis. To the extent a
respondent submits nonpublic
commercial or financial information in
connection with the FR XX or FR XX–
1, which is both customarily and
actually treated as private by the
respondent, the respondent may request
confidential treatment pursuant to
exemption 4 of the Freedom of
Information Act (FOIA) (5 U.S.C.
552(b)(4)). The entity should separately
designate such information as
‘‘confidential commercial information’’
or ‘‘confidential financial information’’
as appropriate, and the Board will treat
such designated information as
confidential to the extent permitted by
law, including the FOIA.
Current actions: On August 21, 2020,
the Board published a notice in the
Federal Register (85 FR 51713)
requesting public comment for 60 days
on the extension, with revision, of the
FR XX and FR XX–1. The Board
proposes to revise the FR XX to account
for the reporting provision located at
section 251.3(e). This provision of the
regulation implements the Council’s
recommendation to allow a financial
company that does not use U.S.
generally accepted accounting
principles (GAAP) to use another
appropriate accounting standard or
method of estimation for determining
compliance with section 14 of the BHC
Act, while ensuring that the Board has
an opportunity to review the
appropriateness of the company’s
proposed approach. The Board proposes
to revise the due date for the FR XX–1
report. The FR XX–1 implements
section 251.6(a) of Regulation XX,
which requires a financial company that
does not otherwise report consolidated
financial information to the Board or
another Federal banking agency to
report to the Board its consolidated
liabilities as of the previous calendar
year-end. Regulation XX provides that
this report must be submitted by March
31 of each year. However, the
instructions to the FR XX–1 currently
state that the report must be submitted
90 calendar days after the December 31
as of date or, if the submission deadline
falls on a weekend or holiday, the first
business day after the weekend or
holiday. Under these instructions, the
FR XX–1 could be due prior to March
31 (in a leap year) or after March 31 (if
March 31 falls on a weekend or
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23:25 Dec 10, 2020
Jkt 253001
holiday). In order to ensure that the due
date of the FR XX–1 coincides with the
date set forth in Regulation XX, the
Board proposes to revise the FR XX–1
so that it is due by March 31 of the year
following the December 31 as of date.
The comment period for this notice
expired on October 20, 2020. The Board
did not receive any comments. The
revisions will be implemented as
proposed.
Board of Governors of the Federal Reserve
System, December 7, 2020.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2020–27342 Filed 12–10–20; 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 Consolidated
Holding Company Report of Equity
Investments in Nonfinancial Companies
(FR Y–12; OMB No. 7100–0300) and the
Annual Report of Merchant Banking
Investments Held for an Extended
Period (FR Y–12A; OMB No. 7100–
0300). The revisions are applicable for
the December 31, 2020 reporting date.
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. Office of Management and
Budget (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, OMB delegated to the Board
authority under the PRA to approve and
assign OMB control numbers to
collections of information conducted or
sponsored by the Board. Boardapproved collections of information are
incorporated into the official OMB
inventory of currently approved
collections of information. The OMB
inventory, as well as copies of the PRA
Submission, supporting statements, and
approved collection of information
instrument(s) are available at https://
AGENCY:
PO 00000
Frm 00111
Fmt 4703
Sfmt 4703
www.reginfo.gov/public/do/PRAMain.
These documents are also 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 above.
Final Approval under OMB Delegated
Authority of the Extension for Three
Years, With Revision, of the Following
Information Collection:
Report Title: Consolidated Bank
Holding Company Report of Equity
Investments in Nonfinancial
Companies, and the Annual Report of
Merchant Banking Investments Held for
an Extended Period.
Agency form number: FR Y–12 and
FR Y–12A, respectively.
OMB control number: 7100–0300.
Effective Date: December 31, 2020.
Frequency: FR Y–12, quarterly and
semiannually; and FR Y–12A, annually.
Respondents: Bank holding
companies (BHCs), savings and loan
holding companies (SLHCs), U.S.
intermediate holding companies (IHCs),
and financial holding companies (FHCs)
that hold merchant banking investments
that are approaching the end of the
holding periods permissible under
Regulation Y.1
Number of respondents: FR Y–12
quarterly, 22; FR Y–12 semiannual, 7;
and FR Y–12A, 91.
Estimated average hours per response:
FR Y–12, 16.5; and FR Y–12A, 7.5.
Estimated annual reporting hours: FR
Y–12 quarterly, 1,452; FR Y–12
semiannual, 231; and FR Y–12A, 683.
General description of report: The
mandatory FR Y–12 report collects
information from certain domestic bank
1 In 2012, the Board indicated that it would
require supervised securities holding companies
(‘‘SHCs’’) to file the FR Y–12 and FR Y–12A reports.
77 FR 32881, 32883 (June 4, 2012). However, no
such revisions were ever made to include SHCs as
respondents on either report. Upon reflection, the
Board has determined that it would not be
appropriate at this time to add supervised SHCs to
the respondent panel for the FR Y–12 or FR Y–12A
reports. A supervised SHCs would not be subject to
the restrictions on nonbanking activities that limit
the investments of other holding companies.
Therefore, any information gathered about SHCs’
investments on the FR Y–12 would be of limited
use, and would not be comparable to data gathered
from other holding companies. Moreover, adding
supervised SHCs to the FR Y–12 reporting panel
would require significant revisions to the FR Y–12
instructions in order to account for the differences
in legal treatment between supervised SHCs and the
other respondents. Such revisions could lead to
confusion among current FR Y–12 reporters. With
respect to the FR Y–12A, the Board is not proposing
to add supervised SHCs to the respondent panel
because supervised SHCs are not restricted in their
ability to make investments in nonfinancial
companies, and their investments are not subject to
the merchant bank holding periods that apply to
FHC investments.
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11DEN1
Federal Register / Vol. 85, No. 239 / Friday, December 11, 2020 / Notices
jbell on DSKJLSW7X2PROD with NOTICES
holding companies (BHCs), savings and
loan holding companies (SLHCs), and
U.S. intermediate holding companies
(IHCs) on their equity investments in
nonfinancial companies. Respondents
report the FR Y–12 either quarterly or
semi-annually based on criteria in the
report. The mandatory FR Y–12A report
is filed annually by financial holding
companies (FHCs) that hold merchant
banking investments that are
approaching the end of the holding
periods permissible under the Board’s
Regulation Y.
Legal authorization and
confidentiality: The Board is authorized
to collect information on the FR Y–12
and FR Y–12A reports from BHCs
(including BHCs that are FHCs)
pursuant to section 5(c) of the Bank
Holding Company Act (BHC Act), 12
U.S.C. 1844(c)(1)(A); from SLHCs
pursuant to section 10(b)(2) of the Home
Owners’ Loan Act, 12 U.S.C.
1467a(b)(2), as amended by sections
369(8) and 604(h)(2) of the Dodd-Frank
Wall Street Reform and Consumer
Protection Act (Dodd-Frank Act); and
from IHCs pursuant to section 5(c) of the
BHC Act, 12 U.S.C. 1844(c)(1)(A), as
well as pursuant to sections 102(a)(1)
and 165 of the Dodd-Frank Act, 12
U.S.C. 5311(a)(1) and 5365 2 and
Regulation YY, 12 CFR 252.153(b)(2).
In addition, with respect to the FR Y–
12A report, section 4(k)(7)(A) of the
BHC Act, 12 U.S.C. 1843(k)(7)(A),
authorizes the Board and the Treasury
Department to jointly develop
implementing regulations governing
merchant banking activities for
purposes of section 4(k)(4)(H) of the
BHC Act. Section 4(k)(4)(H) of the BHC
Act, 12 U.S.C. 1843(k)(4)(H), and
subpart J of the Board’s Regulation Y, 12
CFR 225.170 et seq., authorize a BHC
that has made an effective FHC election
to acquire merchant banking
investments that are not otherwise
permissible for an FHC. Section
2 Section 165(b)(2) of the Dodd-Frank Act, 12
U.S.C. 5365(b)(2), refers to ‘‘foreign-based bank
holding company.’’ Section 102(a)(1) of the DoddFrank Act, 12 U.S.C. 5311(a)(1), defines ‘‘bank
holding company’’ for purposes of Title I of the
Dodd-Frank Act to include foreign banking
organizations that are treated as bank holding
companies under section 8(a) of the International
Banking Act, 12 U.S.C. 3106(a). The Board has
required, pursuant to section 165(b)(1)(B)(iv) of the
Dodd-Frank Act, 12 U.S.C. 5365(b)(1)(B)(iv), certain
of the foreign banking organizations that are subject
to section 165 of the Dodd-Frank Act to form U.S.
intermediate holding companies. Accordingly, the
parent foreign-based organization of a U.S. IHC is
treated as a BHC for purposes of the BHC Act and
section 165 of the Dodd-Frank Act. Because section
5(c) of the BHC Act authorizes the Board to require
reports from subsidiaries of BHCs, section 5(c)
provides additional authority to require U.S. IHCs
to report the information contained in the FR Y–
12 and FR Y–12A reports.
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23:25 Dec 10, 2020
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10(c)(2)(H) of HOLA, as amended by
section 606(b) of the Dodd-Frank Act, 12
U.S.C. 1467a(c)(2)(H), and section 8(a)
of the International Bank Act, 12 U.S.C.
3106(a), extend certain authorities and
requirements of the BHC Act to SLHCs
and to foreign banks, respectively.
The obligation to respond to the FR
Y–12 and FR Y–12A reports is
mandatory. The Board does not consider
information collected on the FR Y–12
report to be confidential, and the
completed version of this report
generally is made available to the public
upon request. However, in certain
instances, specific information collected
on an individual institution’s FR Y–12
report may be exempt from disclosure
pursuant to exemption 4 of the Freedom
of Information Act (FOIA), which
protects from public disclosure ‘‘trade
secrets and commercial or financial
information obtained from a person
[that is] privileged or confidential’’ (5
U.S.C. 552(b)(4)). A reporting holding
company may request confidential
treatment for the specific data items the
company believes should be withheld
pursuant to exemption 4 of the FOIA, as
provided in the Board’s Rules Regarding
Availability of Information (12 CFR part
261.15). A request for confidential
treatment should be submitted in
writing concurrently with the
submission of the FR Y–12 report. This
written request must identify the
specific data for which confidential
treatment is sought and must provide
the legal justification for which
confidentiality is requested. The Federal
Reserve will review any such request on
a case-by-case basis to determine if
confidential treatment is appropriate.
The Federal Reserve may subsequently
release information for which
confidential treatment is requested, if
(1) disclosure of such information is
required by law (other than 5 U.S.C.
552); (2) the reporting holding company
requested confidential treatment
pursuant to 5 U.S.C. 552(b)(4) and more
than 10 years have passed since the date
of the submission unless the reporting
company has requested and provided
justification for a longer designation
period; or (3) less than 10 years have
passed since the request, but the Board
believes that the information cannot be
withheld from disclosure under 5 U.S.C.
552(b)(4), and the reporting holding
company is provided with written
notice of the Board’s views and with an
opportunity to object to the Board’s
disclosure.
Current actions: On August 21, 2020,
the Board published an initial notice in
the Federal Register (85 FR 51719)
requesting public comment for 60 days
on the extension, with revision, of the
PO 00000
Frm 00112
Fmt 4703
Sfmt 4703
80101
FR Y–12 and the extension, without
revision, of the FR Y–12A. The Board
revised the FR Y–12 by (1) adding a new
column to Schedules A and C to capture
unrealized holding gains (losses) on
equity securities not held for trading
recognized as income in accordance
with Accounting Standards Update
(ASU 2016–01, ‘‘Recognition and
Measurement of Financial Assets and
Financial Liabilities’’); (2) adding
guidance to the instructions for the
reporting of equity securities in
accordance with ASU 2016–01; and (3)
making other minor clarifications and
conforming edits to the form and
instructions. The revisions to the FR Y–
12 are applicable as of the December 31,
2020, reporting date. The comment
period for this notice expired on
October 20, 2020. The Board did not
receive any comments. The revisions
will be implemented as proposed.
Board of Governors of the Federal Reserve
System, December 7, 2020.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2020–27345 Filed 12–10–20; 8:45 am]
BILLING CODE 6210–01–P
DEPARTMENT OF DEFENSE
GENERAL SERVICES
ADMINISTRATION
NATIONAL AERONAUTICS AND
SPACE ADMINISTRATION
[OMB Control No. 9000–0201; Docket No.
2020–0053; Sequence No. 6]
Submission for OMB Review;
Prohibition on Contracting with
Entities Using Certain
Telecommunications and Video
Surveillance Services or Equipment
(FAR Case 2019–009)
Department of Defense (DOD),
General Services Administration (GSA),
and National Aeronautics and Space
Administration (NASA).
ACTION: Notice.
AGENCY:
Under the provisions of the
Paperwork Reduction Act, the
Regulatory Secretariat Division has
submitted to the Office of Management
and Budget (OMB) a request to review
and approve a revision and extension of
a previously approved information
collection requirement regarding
representations and reporting associated
with implementation of Federal
Acquisition Regulation (FAR) rule
2019–009, Prohibition on Contracting
with Entities Using Certain
Telecommunications and Video
Surveillance Services or Equipment.
SUMMARY:
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11DEN1
Agencies
[Federal Register Volume 85, Number 239 (Friday, December 11, 2020)]
[Notices]
[Pages 80100-80101]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-27345]
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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, with revision, the
Consolidated Holding Company Report of Equity Investments in
Nonfinancial Companies (FR Y-12; OMB No. 7100-0300) and the Annual
Report of Merchant Banking Investments Held for an Extended Period (FR
Y-12A; OMB No. 7100-0300). The revisions are applicable for the
December 31, 2020 reporting date.
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. Office of Management and Budget (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, OMB delegated to the Board
authority under the PRA to approve and assign OMB control numbers to
collections of information conducted or sponsored by the Board. Board-
approved collections of information are incorporated into the official
OMB inventory of currently approved collections of information. The OMB
inventory, as well as copies of the PRA Submission, supporting
statements, and approved collection of information instrument(s) are
available at https://www.reginfo.gov/public/do/PRAMain. These documents
are also 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 above.
Final Approval under OMB Delegated Authority of the Extension for
Three Years, With Revision, of the Following Information Collection:
Report Title: Consolidated Bank Holding Company Report of Equity
Investments in Nonfinancial Companies, and the Annual Report of
Merchant Banking Investments Held for an Extended Period.
Agency form number: FR Y-12 and FR Y-12A, respectively.
OMB control number: 7100-0300.
Effective Date: December 31, 2020.
Frequency: FR Y-12, quarterly and semiannually; and FR Y-12A,
annually.
Respondents: Bank holding companies (BHCs), savings and loan
holding companies (SLHCs), U.S. intermediate holding companies (IHCs),
and financial holding companies (FHCs) that hold merchant banking
investments that are approaching the end of the holding periods
permissible under Regulation Y.\1\
---------------------------------------------------------------------------
\1\ In 2012, the Board indicated that it would require
supervised securities holding companies (``SHCs'') to file the FR Y-
12 and FR Y-12A reports. 77 FR 32881, 32883 (June 4, 2012). However,
no such revisions were ever made to include SHCs as respondents on
either report. Upon reflection, the Board has determined that it
would not be appropriate at this time to add supervised SHCs to the
respondent panel for the FR Y-12 or FR Y-12A reports. A supervised
SHCs would not be subject to the restrictions on nonbanking
activities that limit the investments of other holding companies.
Therefore, any information gathered about SHCs' investments on the
FR Y-12 would be of limited use, and would not be comparable to data
gathered from other holding companies. Moreover, adding supervised
SHCs to the FR Y-12 reporting panel would require significant
revisions to the FR Y-12 instructions in order to account for the
differences in legal treatment between supervised SHCs and the other
respondents. Such revisions could lead to confusion among current FR
Y-12 reporters. With respect to the FR Y-12A, the Board is not
proposing to add supervised SHCs to the respondent panel because
supervised SHCs are not restricted in their ability to make
investments in nonfinancial companies, and their investments are not
subject to the merchant bank holding periods that apply to FHC
investments.
---------------------------------------------------------------------------
Number of respondents: FR Y-12 quarterly, 22; FR Y-12 semiannual,
7; and FR Y-12A, 91.
Estimated average hours per response: FR Y-12, 16.5; and FR Y-12A,
7.5.
Estimated annual reporting hours: FR Y-12 quarterly, 1,452; FR Y-12
semiannual, 231; and FR Y-12A, 683.
General description of report: The mandatory FR Y-12 report
collects information from certain domestic bank
[[Page 80101]]
holding companies (BHCs), savings and loan holding companies (SLHCs),
and U.S. intermediate holding companies (IHCs) on their equity
investments in nonfinancial companies. Respondents report the FR Y-12
either quarterly or semi-annually based on criteria in the report. The
mandatory FR Y-12A report is filed annually by financial holding
companies (FHCs) that hold merchant banking investments that are
approaching the end of the holding periods permissible under the
Board's Regulation Y.
Legal authorization and confidentiality: The Board is authorized to
collect information on the FR Y-12 and FR Y-12A reports from BHCs
(including BHCs that are FHCs) pursuant to section 5(c) of the Bank
Holding Company Act (BHC Act), 12 U.S.C. 1844(c)(1)(A); from SLHCs
pursuant to section 10(b)(2) of the Home Owners' Loan Act, 12 U.S.C.
1467a(b)(2), as amended by sections 369(8) and 604(h)(2) of the Dodd-
Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act);
and from IHCs pursuant to section 5(c) of the BHC Act, 12 U.S.C.
1844(c)(1)(A), as well as pursuant to sections 102(a)(1) and 165 of the
Dodd-Frank Act, 12 U.S.C. 5311(a)(1) and 5365 \2\ and Regulation YY, 12
CFR 252.153(b)(2).
---------------------------------------------------------------------------
\2\ Section 165(b)(2) of the Dodd-Frank Act, 12 U.S.C.
5365(b)(2), refers to ``foreign-based bank holding company.''
Section 102(a)(1) of the Dodd-Frank Act, 12 U.S.C. 5311(a)(1),
defines ``bank holding company'' for purposes of Title I of the
Dodd-Frank Act to include foreign banking organizations that are
treated as bank holding companies under section 8(a) of the
International Banking Act, 12 U.S.C. 3106(a). The Board has
required, pursuant to section 165(b)(1)(B)(iv) of the Dodd-Frank
Act, 12 U.S.C. 5365(b)(1)(B)(iv), certain of the foreign banking
organizations that are subject to section 165 of the Dodd-Frank Act
to form U.S. intermediate holding companies. Accordingly, the parent
foreign-based organization of a U.S. IHC is treated as a BHC for
purposes of the BHC Act and section 165 of the Dodd-Frank Act.
Because section 5(c) of the BHC Act authorizes the Board to require
reports from subsidiaries of BHCs, section 5(c) provides additional
authority to require U.S. IHCs to report the information contained
in the FR Y-12 and FR Y-12A reports.
---------------------------------------------------------------------------
In addition, with respect to the FR Y-12A report, section
4(k)(7)(A) of the BHC Act, 12 U.S.C. 1843(k)(7)(A), authorizes the
Board and the Treasury Department to jointly develop implementing
regulations governing merchant banking activities for purposes of
section 4(k)(4)(H) of the BHC Act. Section 4(k)(4)(H) of the BHC Act,
12 U.S.C. 1843(k)(4)(H), and subpart J of the Board's Regulation Y, 12
CFR 225.170 et seq., authorize a BHC that has made an effective FHC
election to acquire merchant banking investments that are not otherwise
permissible for an FHC. Section 10(c)(2)(H) of HOLA, as amended by
section 606(b) of the Dodd-Frank Act, 12 U.S.C. 1467a(c)(2)(H), and
section 8(a) of the International Bank Act, 12 U.S.C. 3106(a), extend
certain authorities and requirements of the BHC Act to SLHCs and to
foreign banks, respectively.
The obligation to respond to the FR Y-12 and FR Y-12A reports is
mandatory. The Board does not consider information collected on the FR
Y-12 report to be confidential, and the completed version of this
report generally is made available to the public upon request. However,
in certain instances, specific information collected on an individual
institution's FR Y-12 report may be exempt from disclosure pursuant to
exemption 4 of the Freedom of Information Act (FOIA), which protects
from public disclosure ``trade secrets and commercial or financial
information obtained from a person [that is] privileged or
confidential'' (5 U.S.C. 552(b)(4)). A reporting holding company may
request confidential treatment for the specific data items the company
believes should be withheld pursuant to exemption 4 of the FOIA, as
provided in the Board's Rules Regarding Availability of Information (12
CFR part 261.15). A request for confidential treatment should be
submitted in writing concurrently with the submission of the FR Y-12
report. This written request must identify the specific data for which
confidential treatment is sought and must provide the legal
justification for which confidentiality is requested. The Federal
Reserve will review any such request on a case-by-case basis to
determine if confidential treatment is appropriate. The Federal Reserve
may subsequently release information for which confidential treatment
is requested, if (1) disclosure of such information is required by law
(other than 5 U.S.C. 552); (2) the reporting holding company requested
confidential treatment pursuant to 5 U.S.C. 552(b)(4) and more than 10
years have passed since the date of the submission unless the reporting
company has requested and provided justification for a longer
designation period; or (3) less than 10 years have passed since the
request, but the Board believes that the information cannot be withheld
from disclosure under 5 U.S.C. 552(b)(4), and the reporting holding
company is provided with written notice of the Board's views and with
an opportunity to object to the Board's disclosure.
Current actions: On August 21, 2020, the Board published an initial
notice in the Federal Register (85 FR 51719) requesting public comment
for 60 days on the extension, with revision, of the FR Y-12 and the
extension, without revision, of the FR Y-12A. The Board revised the FR
Y-12 by (1) adding a new column to Schedules A and C to capture
unrealized holding gains (losses) on equity securities not held for
trading recognized as income in accordance with Accounting Standards
Update (ASU 2016-01, ``Recognition and Measurement of Financial Assets
and Financial Liabilities''); (2) adding guidance to the instructions
for the reporting of equity securities in accordance with ASU 2016-01;
and (3) making other minor clarifications and conforming edits to the
form and instructions. The revisions to the FR Y-12 are applicable as
of the December 31, 2020, reporting date. The comment period for this
notice expired on October 20, 2020. The Board did not receive any
comments. The revisions will be implemented as proposed.
Board of Governors of the Federal Reserve System, December 7,
2020.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2020-27345 Filed 12-10-20; 8:45 am]
BILLING CODE 6210-01-P