Proposed Agency Information Collection Activities; Comment Request, 18315-18316 [2023-06400]

Download as PDF Federal Register / Vol. 88, No. 59 / Tuesday, March 28, 2023 / Notices conformity website on December 21, 2022 and requested comments by January 20, 2023. We received no comments in response to the adequacy review posting. The motor vehicle emissions budgets that we have found adequate are provided in the following table: ADEQUATE MOTOR VEHICLE EMISSIONS BUDGETS FOR THE COACHELLA VALLEY FOR THE 2008 8-HOUR OZONE STANDARD [tpd] VOC lotter on DSK11XQN23PROD with NOTICES1 2023 2026 2029 2031 .................................. .................................. .................................. .................................. NOX 2.7 2.5 2.3 2.2 6.0 5.8 5.8 5.7 Transportation conformity is required by Clean Air Act section 176(c). The EPA’s conformity rule requires that transportation plans, transportation improvement programs, and transportation projects conform to a state’s SIP and establishes the criteria and procedures for determining whether or not they conform. Conformity to a SIP means that transportation activities will not produce new air quality violations, worsen existing violations, or delay timely attainment of the national ambient air quality standards. The criteria we use to determine whether a SIP’s motor vehicle emissions budgets are adequate for conformity purposes are outlined in 40 CFR 93.118(e)(4), promulgated on August 15, 1997.3 We further described our process for determining the adequacy of submitted SIP budgets in our final rule dated July 1, 2004,4 and we used the information in these resources in making our adequacy determination. Please note that an adequacy review is separate from the EPA’s completeness review and does not prejudge the EPA’s ultimate action on the SIP submittal. Even if we find a budget adequate, the SIP submittal could later be disapproved. Pursuant to 40 CFR 93.104(e), SCAG and the U.S. Department of Transportation will need to demonstrate conformity to the new budgets within two years of the effective date of this notice.5 For demonstrating conformity to the new budgets, the onroad motor vehicle emissions from implementation of the transportation plan or program for the area should be 3 62 FR 43780, 43781–43783. FR 40004, 40038–40047. 5 See 73 FR 4420 (January 24, 2008). 4 69 VerDate Sep<11>2014 16:59 Mar 27, 2023 Jkt 259001 Dated: March 22, 2023. Martha Guzman Aceves, Regional Administrator, Region IX. [FR Doc. 2023–06344 Filed 3–27–23; 8:45 am] BILLING CODE 6560–50–P FEDERAL RESERVE SYSTEM Ozone precursor Year projected consistent with the budgets, i.e., by taking the emissions results derived from CARB’s EMFAC model (short for EMission FACtor) and then rounding the emissions up to the nearest tenth of a ton per day. Authority: 42 U.S.C. 7401 et seq. 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 Reports; OMB No. 7100–0128). DATES: Comments must be submitted on or before May 30, 2023. ADDRESSES: You may submit comments, identified by FR Y–9 reports, 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 the OMB number or FR number in the subject line of the message. • Fax: (202) 452–3819 or (202) 452– 3102. • Mail: Federal Reserve Board of Governors, Attn: Ann E. Misback, Secretary of the Board, Mailstop M– 4775, 2001 C St. 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 or to remove personally identifiable information at the commenter’s request. Accordingly, comments will not be edited to remove any confidential business information, identifying information, or contact information. Public comments may also be viewed electronically or in paper in Room M– 4365A, 2001 C St. NW, Washington, DC 20551, between 9 a.m. and 5 p.m. on weekdays, except for Federal holidays. For security reasons, the Board requires SUMMARY: PO 00000 Frm 00024 Fmt 4703 Sfmt 4703 18315 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 order to inspect and photocopy comments. Additionally, commenters may send a copy of their comments to the Office of Management and Budget (OMB) Desk Officer for the Federal Reserve Board, 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: Federal Reserve Board Clearance Officer—Nuha Elmaghrabi—Office of the Chief Data Officer, Board of Governors of the Federal Reserve System, nuha.elmaghrabi@frb.gov, (202) 452–3884. SUPPLEMENTARY INFORMATION: On June 15, 1984, OMB delegated to the Board authority under the Paperwork Reduction Act (PRA) to approve and assign OMB control numbers to collections of information 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. During the comment period for this proposal, a copy of the proposed PRA OMB submission, including the draft reporting form and instructions, supporting statement (which contains more detail about the information collection and burden estimates than this notice), and other documentation, will be made available on the Board’s public website at https:// www.federalreserve.gov/apps/ reportingforms/home/review or may be requested from the agency clearance officer, whose name appears above. Final versions of these documents will be made available at https:// www.reginfo.gov/public/do/PRAMain, if approved. 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 E:\FR\FM\28MRN1.SGM 28MRN1 18316 Federal Register / Vol. 88, No. 59 / Tuesday, March 28, 2023 / Notices lotter on DSK11XQN23PROD with NOTICES1 performance of the Board’s functions, including whether the information has practical utility; b. The accuracy of the Board’s estimate of the burden of the proposed information collection, including the validity of the methodology and assumptions used; c. Ways to enhance the quality, utility, and clarity of the information to be collected; d. Ways to minimize the burden of information collection on respondents, including through the use of automated collection techniques or other forms of information technology; and e. Estimates of capital or 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 Board should modify the proposal. Proposal Under OMB Delegated Authority To Extend for Three Years, With Revision, the Following Information Collection Collection title: Financial Statements for Holding Companies. Collection identifier: FR Y–9 reports. OMB control number: 7100–0128. General description of collection: The Board requires bank holding companies (BHCs), most savings and loan holding companies (SLHCs), securities holding companies, and U.S. intermediate holding companies (IHCs) (collectively, HCs) to provide standardized financial statements through one or more of the FR Y–9 reports. The information collected on the FR Y–9 reports is necessary for the Board to identify emerging financial risks and monitor the safety and soundness of HC operations. The FR Y–9C consists of standardized financial statements for HCs similar to the Call Reports filed by commercial banks. The FR Y–9C collects consolidated data and is filed quarterly by top-tier HCs with total consolidated assets of $3 billion or more. The FR Y–9LP, which collects parent company only financial data, must be submitted quarterly by each HC that files the FR Y–9C, as well as by each of its subsidiary HCs. The report consists of standardized financial statements, including the following schedules: Income Statement, Cash Flow Statement, Balance Sheet, Investments in Subsidiaries and Associated Companies, Memoranda, and Notes to the Parent Company Only Financial Statements. The FR Y–9SP is a parent company only financial statement filed VerDate Sep<11>2014 16:59 Mar 27, 2023 Jkt 259001 semiannually by HCs with total consolidated assets of less than $3 billion. In a banking organization with total consolidated assets of less than $3 billion that has tiered HCs, each HC in the organization must submit, or have the top-tier HC submit on its behalf, a separate FR Y–9SP. This report collects basic balance sheet and income data for the parent company, as well as data on its intangible assets and intercompany transactions. The FR Y–9ES is filed annually by each employee stock ownership plan (ESOP) that is also an HC. The report collects financial data on the ESOP’s benefit plan activities. The FR Y–9ES consists of four schedules: Statement of Changes in Net Assets Available for Benefits, Statement of Net Assets Available for Benefits, Memoranda, and Notes to the Financial Statements. The instructions to each of the FR Y– 9C, FR Y–9LP, FR Y–9SP, and FR Y– 9ES state that respondent HCs should retain workpapers and other records used in the preparation of the reports for a period of three years following submission. In addition, HCs must maintain in their files a manually signed and attested printout of the data submitted under each form for a period of three years. The FR Y–9CS is a voluntary, freeform supplemental report that the Board may utilize to collect critical additional data deemed to be needed from HCs in an expedited manner. The FR Y–9CS data collections are used to assess and monitor emerging issues related to HCs, and the report is intended to supplement the other FR Y–9 reports. The data requested by the FR Y–9CS would depend on the Board’s data needs in any given situation. For example, changes made by the Financial Accounting Standards Board may introduce into generally accepted accounting principles new data items that are not currently collected by the other FR Y–9 reports. The Board could use the FR Y–9CS report to collect these data until the items are implemented into the other FR Y–9 reports. Proposed revisions: The Board proposes to revise the Consolidated Financial Statements for Holding Companies (FR Y–9C) to eliminate and consolidate certain items from the reporting forms and instructions for burden-reduction purposes and to correspond with proposed revisions to the Federal Financial Institutions Examination Council (FFIEC) Consolidated Reports of Condition and Income (Call Reports) (FFIEC 031, FFIEC 041, and FFIEC 051) related to a statutorily mandated review. Additionally, the proposal would seek PO 00000 Frm 00025 Fmt 4703 Sfmt 9990 public comment on previously made clarifications to FR Y–9C reporting instructions related to reporting securitizations conducted by Federal Home Loan Mortgage Corporation (FHLMC, also known as Freddie Mac). All of the proposed changes to the FR Y–9C would take effect as of the June 30, 2023, report date. There are no proposed revisions at this time for the FR Y–9LP, FR Y–9SP, FR Y–9ES, or FR Y–9CS. Frequency: Quarterly, semiannual, annual, and as needed. Respondents: HCs. Total estimated number of respondents: Reporting FR Y–9C (non-advanced approaches holding companies with less than $5 billion in total assets): 107; FR Y–9C (non-advanced approaches holding companies with $5 billion or more in total assets): 236; FR Y–9C (advanced approaches holding companies): 9; FR Y–9LP: 411; FR Y–9SP: 3,596; FR Y– 9ES: 73; FR Y–9CS: 236. Recordkeeping FR Y–9C: 352; FR Y–9LP: 411; FR Y– 9SP: 3,596; FR Y–9ES: 73; FR Y–9CS: 236. Estimated average hours per response: Reporting FR Y–9C (non-advanced approaches holding companies with less than $5 billion in total assets): 35.34; FR Y–9C (non-advanced approaches holding companies with $5 billion or more in total assets): 44.54; FR Y–9C (advanced approaches holding companies): 49.76; FR Y–9LP: 5.27; FR Y–9SP: 5.45; FR Y– 9ES: 0.50; FR Y–9CS: 0.50. Recordkeeping FR Y–9C: 1; FR Y–9LP: 1; FR Y–9SP: 0.50; FR Y–9ES: 0.50; FR Y–9CS: 0.50. Total estimated change in burden: (563). Total estimated annual burden hours: 114,489.1 Board of Governors of the Federal Reserve System, March 23, 2023. Michele Taylor Fennell, Deputy Associate Secretary of the Board. [FR Doc. 2023–06400 Filed 3–27–23; 8:45 am] BILLING CODE 6210–01–P 1 More detailed information regarding this collection, including more detailed burden estimates, can be found in the OMB Supporting Statement posted at https://www.federalreserve.gov/ apps/reportingforms/home/review. On the page displayed at the link, you can find the OMB Supporting Statement by referencing the collection identifier, FR Y–9. E:\FR\FM\28MRN1.SGM 28MRN1

Agencies

[Federal Register Volume 88, Number 59 (Tuesday, March 28, 2023)]
[Notices]
[Pages 18315-18316]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-06400]


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FEDERAL RESERVE SYSTEM


Proposed Agency Information Collection Activities; Comment 
Request

AGENCY: Board of Governors of the Federal Reserve System.

ACTION: Notice, request for comment.

-----------------------------------------------------------------------

SUMMARY: 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 Reports; OMB No. 
7100-0128).

DATES: Comments must be submitted on or before May 30, 2023.

ADDRESSES: You may submit comments, identified by FR Y-9 reports, 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: [email protected]. Include the OMB 
number or FR number in the subject line of the message.
     Fax: (202) 452-3819 or (202) 452-3102.
     Mail: Federal Reserve Board of Governors, Attn: Ann E. 
Misback, Secretary of the Board, Mailstop M-4775, 2001 C St. 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 or to remove 
personally identifiable information at the commenter's request. 
Accordingly, comments will not be edited to remove any confidential 
business information, identifying information, or contact information. 
Public comments may also be viewed electronically or in paper in Room 
M-4365A, 2001 C St. NW, Washington, DC 20551, between 9 a.m. and 5 p.m. 
on weekdays, except for Federal holidays. 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 order to inspect and photocopy 
comments.
    Additionally, commenters may send a copy of their comments to the 
Office of Management and Budget (OMB) Desk Officer for the Federal 
Reserve Board, 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: Federal Reserve Board Clearance 
Officer--Nuha Elmaghrabi--Office of the Chief Data Officer, Board of 
Governors of the Federal Reserve System, [email protected], (202) 
452-3884.

SUPPLEMENTARY INFORMATION: On June 15, 1984, OMB delegated to the Board 
authority under the Paperwork Reduction Act (PRA) to approve and assign 
OMB control numbers to collections of information 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.
    During the comment period for this proposal, a copy of the proposed 
PRA OMB submission, including the draft reporting form and 
instructions, supporting statement (which contains more detail about 
the information collection and burden estimates than this notice), and 
other documentation, will be made available on the Board's public 
website at https://www.federalreserve.gov/apps/reportingforms/home/review or may be requested from the agency clearance officer, whose 
name appears above. Final versions of these documents will be made 
available at https://www.reginfo.gov/public/do/PRAMain, if approved.

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

[[Page 18316]]

performance of the Board's functions, including whether the information 
has practical utility;
    b. The accuracy of the Board's estimate of the burden of the 
proposed information collection, including the validity of the 
methodology and assumptions used;
    c. Ways to enhance the quality, utility, and clarity of the 
information to be collected;
    d. Ways to minimize the burden of information collection on 
respondents, including through the use of automated collection 
techniques or other forms of information technology; and
    e. Estimates of capital or 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 Board 
should modify the proposal.

Proposal Under OMB Delegated Authority To Extend for Three Years, With 
Revision, the Following Information Collection

    Collection title: Financial Statements for Holding Companies.
    Collection identifier: FR Y-9 reports.
    OMB control number: 7100-0128.
    General description of collection: The Board requires bank holding 
companies (BHCs), most savings and loan holding companies (SLHCs), 
securities holding companies, and U.S. intermediate holding companies 
(IHCs) (collectively, HCs) to provide standardized financial statements 
through one or more of the FR Y-9 reports. The information collected on 
the FR Y-9 reports is necessary for the Board to identify emerging 
financial risks and monitor the safety and soundness of HC operations.
    The FR Y-9C consists of standardized financial statements for HCs 
similar to the Call Reports filed by commercial banks. The FR Y-9C 
collects consolidated data and is filed quarterly by top-tier HCs with 
total consolidated assets of $3 billion or more.
    The FR Y-9LP, which collects parent company only financial data, 
must be submitted quarterly by each HC that files the FR Y-9C, as well 
as by each of its subsidiary HCs. The report consists of standardized 
financial statements, including the following schedules: Income 
Statement, Cash Flow Statement, Balance Sheet, Investments in 
Subsidiaries and Associated Companies, Memoranda, and Notes to the 
Parent Company Only Financial Statements.
    The FR Y-9SP is a parent company only financial statement filed 
semiannually by HCs with total consolidated assets of less than $3 
billion. In a banking organization with total consolidated assets of 
less than $3 billion that has tiered HCs, each HC in the organization 
must submit, or have the top-tier HC submit on its behalf, a separate 
FR Y-9SP. This report collects basic balance sheet and income data for 
the parent company, as well as data on its intangible assets and 
intercompany transactions.
    The FR Y-9ES is filed annually by each employee stock ownership 
plan (ESOP) that is also an HC. The report collects financial data on 
the ESOP's benefit plan activities. The FR Y-9ES consists of four 
schedules: Statement of Changes in Net Assets Available for Benefits, 
Statement of Net Assets Available for Benefits, Memoranda, and Notes to 
the Financial Statements.
    The instructions to each of the FR Y-9C, FR Y-9LP, FR Y-9SP, and FR 
Y-9ES state that respondent HCs should retain workpapers and other 
records used in the preparation of the reports for a period of three 
years following submission. In addition, HCs must maintain in their 
files a manually signed and attested printout of the data submitted 
under each form for a period of three years.
    The FR Y-9CS is a voluntary, free-form supplemental report that the 
Board may utilize to collect critical additional data deemed to be 
needed from HCs in an expedited manner. The FR Y-9CS data collections 
are used to assess and monitor emerging issues related to HCs, and the 
report is intended to supplement the other FR Y-9 reports. The data 
requested by the FR Y-9CS would depend on the Board's data needs in any 
given situation. For example, changes made by the Financial Accounting 
Standards Board may introduce into generally accepted accounting 
principles new data items that are not currently collected by the other 
FR Y-9 reports. The Board could use the FR Y-9CS report to collect 
these data until the items are implemented into the other FR Y-9 
reports.
    Proposed revisions: The Board proposes to revise the Consolidated 
Financial Statements for Holding Companies (FR Y-9C) to eliminate and 
consolidate certain items from the reporting forms and instructions for 
burden-reduction purposes and to correspond with proposed revisions to 
the Federal Financial Institutions Examination Council (FFIEC) 
Consolidated Reports of Condition and Income (Call Reports) (FFIEC 031, 
FFIEC 041, and FFIEC 051) related to a statutorily mandated review. 
Additionally, the proposal would seek public comment on previously made 
clarifications to FR Y-9C reporting instructions related to reporting 
securitizations conducted by Federal Home Loan Mortgage Corporation 
(FHLMC, also known as Freddie Mac). All of the proposed changes to the 
FR Y-9C would take effect as of the June 30, 2023, report date. There 
are no proposed revisions at this time for the FR Y-9LP, FR Y-9SP, FR 
Y-9ES, or FR Y-9CS.
    Frequency: Quarterly, semiannual, annual, and as needed.
    Respondents: HCs.
    Total estimated number of respondents:

Reporting

    FR Y-9C (non-advanced approaches holding companies with less than 
$5 billion in total assets): 107; FR Y-9C (non-advanced approaches 
holding companies with $5 billion or more in total assets): 236; FR Y-
9C (advanced approaches holding companies): 9; FR Y-9LP: 411; FR Y-9SP: 
3,596; FR Y-9ES: 73; FR Y-9CS: 236.

Recordkeeping

    FR Y-9C: 352; FR Y-9LP: 411; FR Y-9SP: 3,596; FR Y-9ES: 73; FR Y-
9CS: 236.
    Estimated average hours per response:

Reporting

    FR Y-9C (non-advanced approaches holding companies with less than 
$5 billion in total assets): 35.34; FR Y-9C (non-advanced approaches 
holding companies with $5 billion or more in total assets): 44.54; FR 
Y-9C (advanced approaches holding companies): 49.76; FR Y-9LP: 5.27; FR 
Y-9SP: 5.45; FR Y-9ES: 0.50; FR Y-9CS: 0.50.

Recordkeeping

    FR Y-9C: 1; FR Y-9LP: 1; FR Y-9SP: 0.50; FR Y-9ES: 0.50; FR Y-9CS: 
0.50.
    Total estimated change in burden: (563).
    Total estimated annual burden hours: 114,489.\1\
---------------------------------------------------------------------------

    \1\ More detailed information regarding this collection, 
including more detailed burden estimates, can be found in the OMB 
Supporting Statement posted at https://www.federalreserve.gov/apps/reportingforms/home/review. On the page displayed at the link, you 
can find the OMB Supporting Statement by referencing the collection 
identifier, FR Y-9.

    Board of Governors of the Federal Reserve System, March 23, 
2023.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2023-06400 Filed 3-27-23; 8:45 am]
BILLING CODE 6210-01-P


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