Initial Federal Register Notice

srobinson on DSK4SPTVN1PROD with NOTICES

Federal Register / Vol. 77, No. 35 / Wednesday, February 22, 2012 / Notices
Obligation to Respond: Required to
obtain or retain benefits. The statutory
authority for this collection of
information is contained in Sections
154(i) and 310 of the Communications
Act of 1934, as amended.
Nature and Extent of Confidentiality:
There is no need for confidentiality with
this collection of information.
Privacy Act Impact Assessment: No
impact(s).
Needs and Uses: Filing of the FCC
Form 345 is required when applying for
authority for assignment of license or
permit, or for consent to transfer of
control of a corporate licensee or
permittee for an FM or TV translator
station, or low power TV station.
This collection also includes the third
party disclosure requirement of 47 CFR
73.3580 (OMB approval was received
for Section 73.3580 under OMB Control
Number 3060–0031). 47 CFR 73.3580
requires local public notice in a
newspaper of general circulation in the
community in which the station is
located or providing notice over the air
of the filing of all applications for
assignment of license/permit. This
notice must be completed within 30
days of the tendering of the application.
A copy of the newspaper notice or a
record of the broadcast notice and the
application must be placed in the public
inspection file.
OMB Control Number: 3060–0113.
Type of Review: Extension of a
currently approved collection.
Title: Broadcast EEO Program Report,
FCC Form 396.
Form Number: FCC Form 396.
Respondents: Business or other forprofit entities; Not-for-profit
institutions.
Number of Respondents and
Responses: 2,000 respondents and 2,000
responses.
Estimated Time per Response: 1.5
hours.
Frequency of Response: Renewal
reporting requirement.
Total Annual Burden: 3,000 hours.
Total Annual Cost: $300,000.
Obligation to Respond: Required to
obtain or retain benefits. The statutory
authority for this collection is contained
under Sections 154(i) and 303 of the
Communications Act of 1934, as
amended.
Nature and Extent of Confidentiality:
There is no need for confidentiality with
this collection of information.
Privacy Impact Assessment(s): No
impact(s).
Needs and Uses: The Broadcast Equal
Employment Opportunity Program
Report (FCC Form 396) is a device that
is used to evaluate a broadcaster’s EEO

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program to ensure that satisfactory
efforts are being made to comply with
FCC’s EEO requirements. FCC Form 396
is required to be filed at the time of
renewal of license by all AM, FM, TV,
Low Power TV and International
stations.
Federal Communications Commission.
Marlene H. Dortch,
Secretary, Office of the Secretary, Office of
Managing Director.
[FR Doc. 2012–4057 Filed 2–21–12; 8:45 am]
BILLING CODE 6712–01–P

FEDERAL RESERVE SYSTEM
Proposed Agency Information
Collection Activities; Comment
Request
Board of Governors of the
Federal Reserve System.
SUMMARY: On June 15, 1984, the Office
of Management and Budget (OMB)
delegated to the Board of Governors of
the Federal Reserve System (Board) its
approval authority under the Paperwork
Reduction Act (PRA), pursuant to 5 CFR
1320.16, to approve of and assign OMB
control numbers to collection of
information requests and requirements
conducted or sponsored by the Board
under conditions set forth in 5 CFR part
1320 Appendix A.1. 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 instruments
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.
DATES: Comments must be submitted on
or before April 23, 2012.
ADDRESSES: You may submit comments,
identified by FR Y–14A/Q/M, by any of
the following methods:
• Agency Web Site: http://
www.federalreserve.gov. Follow the
instructions for submitting comments at
http://www.federalreserve.gov/
generalinfo/foia/ProposedRegs.cfm.
• Federal eRulemaking Portal: http://
www.regulations.gov. Follow the
instructions for submitting comments.
• Email:
[email protected].
Include OMB number in the subject line
of the message.
AGENCY:

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• Fax: 202/452–3819 or 202/452–
3102.
• Mail: Jennifer J. Johnson, 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 Web site at
www.federalreserve.gov/generalinfo/
foia/ProposedRegs.cfm 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 MP–500 of the
Board’s Martin Building (20th and C
Streets, NW.) between 9 a.m. and 5 p.m.
on weekdays.
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, once
approved. These documents will also be
made available on the Federal Reserve
Board’s public Web site at: http://
www.federalreserve.gov/boarddocs/
reportforms/review.cfm or may be
requested from the agency clearance
officer, whose name appears below.
Federal Reserve Board Clearance
Officer—Cynthia Ayouch—Division of
Research and Statistics, 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:
Request for Comment on Information
Collection Proposal
The following information collection,
which is being handled under this
delegated authority, has received initial
Board approval and is hereby published
for comment. At the end of the comment
period, the proposed information
collection, along with an analysis of
comments and recommendations
received, will be submitted to the Board
for final approval under OMB delegated
authority. Comments are invited on the
following:
a. Whether the proposed collection of
information is necessary for the proper

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Federal Register / Vol. 77, No. 35 / Wednesday, February 22, 2012 / Notices

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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;
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 start up costs
and costs of operation, maintenance,
and purchase of services to provide
information.
Proposal To Approve Under OMB
Delegated Authority the Revision,
Without Extension of the Following
Report
Report title: Capital Assessments and
Stress Testing information collection.
Agency form number: FR Y–14A/
Q/M.
OMB control number: 7100–0341.
Frequency: Annually, Quarterly, and
Monthly.
Reporters: Large banking
organizations that meet an annual
threshold of $50 billion or more in total
consolidated assets (large Bank Holding
Companies or large BHCs), as defined by
the Capital Plan rule (12 CFR 225.8).1
Estimated annual reporting hours: FR
Y–14A: Summary, 24,600 hours; Macro
scenario, 930 hours; Counterparty credit
risk (CCR), 2,292 hours; Basel III, 600
hours; and Regulatory capital
instruments, 600 hours. FR Y–14 Q:
Securities risk, 1,200 hours; Retail risk,
456,000 hours; Pre-provision net
revenue (PPNR), 75,000 hours;
Wholesale corporate loans, 6,720 hours;
Wholesale commercial real estate (CRE)
loans, 6,480 hours; Trading, private
equity, and other fair value assets
(Trading risk), 41,280 hours; Basel III,
1,800 hours; Regulatory capital
instruments, 3,600 hours; and
Operational risk, 3,360 hours. FR Y–
14M: Retail 1st lien mortgage, 129,000
hours; Retail home equity, 123,840
hours; and Retail credit card, 77,400
hours.
Estimated average hours per response:
FR Y–14A: Summary, 820 hours; Macro
scenario, 31 hours; CCR, 382 hours;
Basel III, 20 hours; and Regulatory
capital instruments, 20 hours. FR Y–
1 The Capital Plan rule applies to every top-tier
large BHC. This asset threshold is consistent with
the threshold established by section 165 of the
Dodd-Frank Act relating to enhanced supervision
and prudential standards for certain BHCs.

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14Q: Securities risk, 10 hours; Retail
risk, 3,800 hours; PPNR, 625 hours;
Wholesale corporate loans, 60 hours;
Wholesale CRE loans, 60 hours; Trading
risk, 1,720 hours; Basel III, 20 hours;
Regulatory capital instruments, 40
hours; and Operational risk, 28 hours.
FR Y–14M: Retail 1st lien mortgage, 430
hours; Retail home equity, 430 hours;
and Retail credit card, 430 hours.
Number of respondents: 30.
General description of report: The FR
Y–14 series of reports are authorized by
section 165 of the Dodd-Frank Wall
Street Reform and Consumer Protection
Act of 2010 (Dodd-Frank Act), which
requires the Federal Reserve to ensure
that certain BHCs and nonbank financial
companies supervised by the Federal
Reserve are subject to enhanced riskbased and leverage standards in order to
mitigate risks to the financial stability of
the United States (12 U.S.C. 5365).
Additionally, section 5 of the BHC Act
authorizes the Board to issue regulations
and conduct information collections
with regard to the supervision of BHCs
(12 U.S.C. 1844).
As these data are collected as part of
the supervisory process, such
information may be afforded
confidential treatment under exemption
8 of the Freedom of Information Act (5
U.S.C. 552(b)(8)). In addition,
commercial and financial information
contained in these information
collections may be exempt disclosure
under exemption 4 (5 U.S.C. 552(b)(4)).
Such exemptions would be made on a
case-by-case basis.
Abstract: The data collected through
the current FR Y–14A/Q provides the
Federal Reserve with the information
and perspective needed to help ensure
that large BHCs have strong, firm-wide
risk measurement and management
processes supporting their internal
assessments of capital adequacy and
that their capital resources are sufficient
given their business focus, activities,
and resulting risk exposures. The
Comprehensive Capital Analysis and
Review is also complemented by other
Federal Reserve supervisory efforts
aimed at enhancing the continued
viability of large BHCs, including
continuous monitoring of BHCs’
planning and management of liquidity
and funding resources, and regular
assessments of credit, market and
operational risks, and associated risk
management practices. Information
gathered in this data collection is also
used in the supervision and regulation
of these financial institutions. In order
to fully evaluate the data submissions,
the Federal Reserve may conduct follow
up discussions with or request
responses to follow up questions from

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respondents, as needed. Currently,
respondents are required to complete
and submit five filings each year: one
annual FR Y–14A filing and four
quarterly FR Y–14Q filings. Compliance
with these information collections is
mandatory.
The FR Y–14A collects annually
BHCs’ 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.
At least one of the scenarios may
include a market shock that the BHCs
include in their trading and
counterparty loss projections. The FR
Y–14Q collects granular data on BHCs’
various asset classes and PPNR for the
reporting period, which are used to
support supervisory stress test models
and for continuous monitoring efforts,
on a quarterly basis. These data are used
to assess the capital adequacy of large
BHCs using forward-looking projections
of revenue and losses.
Under section 165 of the Dodd-Frank
Act, the Federal Reserve is required to
issue regulations relating to stress
testing (DFAST) for certain BHCs and
nonbank financial companies
supervised by the Board. On January 5,
2012, the Board published rulemakings
(77 FR 594) which would include new
reporting requirements found in 12 CFR
252.134(a), 252.146(a), and 252.146(b)
related to stress testing. The Federal
Reserve anticipates that these new
reporting requirements and the PRA
burden associated with these
requirements would be addressed in
detail in a future FR Y–14 proposal.2
Current Actions: The Federal Reserve
proposes revising the information
collection, effective June 30, 2012, based
on the need to expand the respondent
panel, enhance data items previously
collected, and implement new reporting
schedules. The proposed revisions
include the following:
2 The proposed rules would implement the
enhanced prudential standards required to be
established under section 165 of the Dodd-Frank
Act and the early remediation framework
established under section 166 of the Act. The
enhanced standards include risk-based capital and
leverage requirements, liquidity standards,
requirements for overall risk management, singlecounterparty credit limits, DFAST requirements,
and debt-to-equity limits for companies that the
Financial Stability Oversight Council has
determined pose a grave threat to financial stability.
The 2011 proposal implementing the FR Y–14A and
Q acknowledged the impending publication of the
DFAST reporting requirements under section 165 of
the Dodd-Frank Act. That proposal included a
statement noting that revisions to the quarterly and
annual data collections, based on the enhanced
standards rulemaking, would be incorporated into
the FR Y–14A and Q information collection.

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Federal Register / Vol. 77, No. 35 / Wednesday, February 22, 2012 / Notices
• Implementing a new monthly
schedule, the FR Y–14M, which would
collect data previously collected on
several quarterly Retail Risk portfoliolevel worksheets (into two loan-level
only collections and one loan- and
portfolio-level collection), and
collecting detailed address matching
data for the two loan-level collections;
• Revising the quarterly Wholesale
Risk schedule (corporate loan data
collection) by adding data items that
would allow the Federal Reserve to
derive an independent probability of
default, expanding the scope of loans
included in the collection by moving
loans from the Commercial Real Estate
(CRE) data collection to the corporate
loan data collection, clarifying
definitions of existing data items, and
requesting additional detail about
collateral securing a facility; Revising
the quarterly Wholesale Risk schedule
(CRE collection) by moving loans to the
corporate loan data collection, adding a
non-accrual data item, and modifying
the loan status data item to include the
number of days past due;
• Implementing a new quarterly
Operational Risk schedule to gather data
that would support supervisory stress
test models to forecast the BHCs’
operational loss levels under various
macroeconomic conditions; and
• Expanding the respondent panel
(for the FR Y–14 A/Q/M) to include
large banking organizations that meet an
asset threshold of $50 billion or more in
total consolidated assets (large BHCs), as
defined by the Capital Plan rule (12 CFR
225.8).
Draft files illustrating the proposed
new schedules and instructions, and the
proposed revisions to the current
reporting schedules and instructions are
available on the Federal Reserve Board’s
public Web site at: http://
www.federalreserve.gov/boarddocs/
reportforms/review.cfm.
FR Y–14Q and M (Quarterly and
Monthly Collection)

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Retail Risk Schedule (First Lien ClosedEnd 1–4 Family Residential Mortgages,
Home Equity Residential Mortgage, and
Credit Card Data Collections)
The Federal Reserve proposes
increasing the frequency of reporting for
three retail portfolios from quarterly to
monthly (the proposed FR Y–14M). The
current quarterly Retail Risk schedule
collects data on several portfolio-level
worksheets, including: one domestic
closed-end first lien residential
mortgage worksheet, two domestic
home equity worksheets (domestic
closed-end home equity loans and
domestic home equity lines of credit),

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and two domestic credit card
worksheets (domestic charge card and
domestic small and medium size
enterprise (SME) corporate cards). The
portfolio-level data collected was highly
segmented and provided substantial
insight into BHCs’ home equity, first
lien residential, and credit card
portfolios. However, given the microand macro-prudential importance of the
portfolios and the benefit of more
granular information to supervisory
model development and risk
assessment, the Federal Reserve
proposes replacing these quarterly
portfolio-level worksheets with the
following new monthly collections:
• One loan-level collection for
Domestic First Lien Closed-End 1–4
Family Residential Mortgage data,
• One loan-level collection for
Domestic Home Equity Residential
Mortgage data, and
• One account- and portfolio-level
collection for Domestic Credit Card
data.
For these new retail portfolio
collections, the Federal Reserve
proposes collecting month-end data on
a monthly frequency. Currently, all of
the retail risk worksheets collect
monthly data on a quarterly frequency,
even though the Capital Plan rule allows
for the collection of data as frequently
as needed. The proposed monthly data
collection would improve the Federal
Reserve’s ability to perform its
continuous risk monitoring function by
providing more timely data. In a time of
crisis or market downturn where risk
characteristics could change in an
unpredictable manner, monthly data
collection would be especially valuable
for these retail portfolios with relatively
short credit cycles. (For example, a
credit card account could go from
current to charged-off within one
quarter.) Collecting data on a quarterly
frequency could hinder the ability of the
Federal Reserve to respond to issues of
immediate supervisory concern or to
requests from policy makers.
Furthermore, BHCs generally produce
data and internal risk management
reports for these portfolios monthly, and
often provide similar data for
supervisory purposes on a monthly
basis. The Federal Reserve, at this time,
does not propose requiring monthly
reporting for the other retail portfolios
with longer credit cycles, as the burden
of reporting at the increased frequency
currently outweighs the value of the
additional data.
These collections would gather one
record per loan. Due to the volume of
data that would be collected, these data
would not be gathered in Excel
worksheets as in the previous quarterly

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10527

data collection; rather file specifications
would be provided to respondents in
order to transmit the data, as
appropriate.
The proposed Domestic First Lien
Closed-End 1–4 Family Residential
Mortgage collection would gather
monthly detailed loan-level data and
would capture the following loans:
• All loans in the active inventory asof the last day of the month;
• All loans in the inventory that were
transferred to another servicer during
the month; and
• All loans in the inventory that were
liquidated during the month.
The reported data items would
include: Loan number, property
information, loan amount,
documentation information, loan-tovalue and debt-to-income ratios,
borrower information, bankruptcy or
foreclosure status, and other detailed
loan information.
The proposed Domestic Home Equity
Residential Mortgage collection would
gather monthly detailed loan-level data
and would capture the following loans:
• All loans in the active inventory asof the last day of the month;
• All loans in the inventory that were
transferred to another servicer during
the month; and
• All loans in the inventory that were
liquidated during the month.
The reported data items would
include: loan number; property
information; loan, line, and appraisal
amounts; loan documentation
information; loan-to-value and debt-toincome ratios; borrower information;
bankruptcy or foreclosure status; and
other detailed loan information.
In order to match senior and junior
lien residential mortgages on the same
collateral, the Federal Reserve also
proposes gathering additional
information (loan number, property and
mailing address information, liquidation
status, original lien position, and census
tract) on the residential mortgage loans
reported in the Domestic First Lien
Closed-End 1–4 Family Residential
Mortgage and Domestic Home Equity
Residential Mortgage collections. By
matching senior and junior lien loans by
property ID, the Federal Reserve would
glean valuable insights into the level of
risk of both credits, especially in cases
where current (or performing) junior
lien loans are behind delinquent first
lien loans.
The proposed Domestic Credit Card
collection would gather monthly
detailed account-level data and new
portfolio-level data. The account-level
collection would capture detailed data
regarding domestic credit cards: general

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Federal Register / Vol. 77, No. 35 / Wednesday, February 22, 2012 / Notices

purpose credit cards 3, private label
credit cards 4, business credit cards 5,
and corporate credit cards.6 The new
portfolio-level data would capture key
information about portfolio
characteristics including information
that is unlikely to be captured at the
account-level. (For example, certain
collection costs are not typically
assigned at the account-level.) The
portfolio-level data would be primarily
relevant for pools of credit card loans
rather than individual accounts. Like
the other new retail collections, the
proposed Domestic Credit Card
collection would collect mandatory
data. However, some data items that are
not directly available would be
permitted to be reported on a best effort
basis. For example, if the BHCs do not
use the data in the course of their risk
management practices or otherwise
generate or store the data, they would
not be required to generate the data for
this collection.
FR Y–14Q (Quarterly Collection)

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Wholesale Risk Schedule (CRE and
Corporate Loan Data Collections)
The current corporate loan collection
gathers loan-level data that focuses on
data stored in BHCs’ systems of records,
particularly their loan accounting
systems. While the granular loan-level
data provides additional insights into
certain credit risk characteristics, the
data items in the initial FR Y–14Q
collection were not sufficient to
evaluate all aspects of credit risk or
produce an independent probability of
default (PD). In order to better
understand the credit risk associated
with BHCs’ corporate loan exposures,
the Federal Reserve proposes adding
approximately 35 data items to the
3 General purpose credit cards can be used at a
wide variety of merchants, including any who
accept MasterCard, Visa, American Express or
Discover credit cards. Affinity and co-brand cards
should be included in this category, and student
cards if applicable. This credit card type includes
loans reported on line 6.a of schedule HC–C of the
Consolidated Financial Statements of Bank Holding
Companies (FR Y–9C; OMB No. 7100–0128).
4 Private label credit cards, also known as
proprietary credit cards, are tied to the retailer
issuing the card and can only be used in that
retailer’s stores. Oil & gas cards should be included
in this loan type, and student cards if applicable.
This credit card type includes loans reported on
line 6.a of schedule HC–C of the FR Y–9C.
5 Business credit cards include small business
credit card accounts where the loan is underwritten
with the sole proprietor or primary business owner
as the applicant. This credit card type includes
SME credit card loans that are reported on line 4.a
of schedule HC–C of the FR Y–9C.
6 Corporate credit cards are employer-sponsored
credit cards for use by a company’s employees. This
credit card type includes US corporate credit card
loans that are reported on line 4.a of schedule HC–
C of the FR Y–9C.

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collection. These data items would
allow the Federal Reserve to derive an
independent PD for both public and
private firms and better track
underwriting standards and emerging
risks in BHCs’ loan portfolios. To reduce
the burden of reporting the additional
data items, the Federal Reserve also
proposes allowing BHCs to exclude
from reporting (or make optional the
reporting of) obligor financial data (data
items 51–79) for loans extended to an
obligor (1) Domiciled outside of the
U.S.; (2) that is a natural person, a nonprofit Federal, state or local
governmental agency; or (3) that has a
NAICS industry code 7 beginning with
52 (Finance and Insurance) or 5312
(Real Estate Agents and Brokers).
In addition, the Federal Reserve
proposes amending the scope of loans in
the corporate loan collection to include
owner-occupied non-farm, nonresidential (NFNR) CRE loans (reported
on the FR Y–9C, Schedule HC–C 1.e(1)).
These loans, currently reported in the
CRE collection, would be moved to the
corporate loan collection so overall this
does not represent an expansion of the
wholesale collection. The data items
gathered in the corporate loan collection
better capture the elements indicative of
risk in owner-occupied NFNR CRE
loans than those in the CRE collection.
The Federal Reserve proposes revisions
to the corporate loan data collection to
clarify definitions of existing data items
and request additional detail about
collateral securing a facility.
The Federal Reserve also proposes
revising the CRE data collection to add
a non-accrual data item and to modify
the loan status data item to include the
number of days past due. These
revisions to the CRE data collection
would allow the Federal Reserve to
better model the credit risk of CRE loans
and these data would be readily
available in BHCs’ loan servicing
systems.
Although no changes are being
proposed to the reference in the
instructions for the wholesale data
collections regarding the use of the
International Organization for
Standardization country code list, the
Federal Reserve solicits feedback
regarding whether this reference should
be changed to direct respondents to use
U.S. Department of Treasury (Treasury)
country code list instead. At present, the
Treasury list is referenced in the
instructions for the Quarterly Report of
Assets and Liabilities of Large Foreign
7 The North American Industry Classification
System is used by business and government to
classify business establishments according to type
of economic activity (process of production) in
Canada, Mexico, and the U.S.

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Offices of U.S. Banks (FR 2502q; OMB
No. 7100–0079) and is used by
institutions that submit data on the
Treasury International Capital reporting
forms and data on certain Federal
Financial Institutions Examination
Council (FFIEC) reporting forms.
Operational Risk Schedule
The current FR Y–14A Operational
Risk worksheets (contained within the
annual Summary schedule) collect
BHCs’ projections for operational losses.
Additional detail is also collected on
translating historical loss experience
into operational loss projections and on
budgeting processes used to project
operational losses.
During the drafting of the September
2011 proposal implementing the FR Y–
14A/Q, the Federal Reserve was aware
of the need to also collect actual
operational loss data on a quarterly
basis; however, more time was needed
in order to conduct a comprehensive
analysis before determining the
appropriate data items that would be
collected. As part of that analysis, the
Federal Reserve reviewed the reporting
requirements in Schedule S
(Operational Risk) of the interagency
Advanced Capital Adequacy Framework
Regulatory Reporting Requirements
(FFIEC 101; OMB No. 7100–0319) to
determine the data items collected and
the level of granularity to which they
are collected. The data collected on
Schedule S is summary or aggregatelevel information, while the proposed
FR Y–14Q schedule requests data on an
individual loss event level. Based on the
analysis conducted, the Federal Reserve
proposes a new quarterly operational
loss data collection. The data collected
would include the type of loss event,
when it occurred, the loss amount, the
business line in which it occurred, and
other relevant information. Obtaining
these data on an individual loss event
level would help achieve key objectives
that could otherwise not be effectively
realized with summary level data only
and would enhance the Federal
Reserve’s ability to (1) assess the BHCs’
operational loss exposures in relation to
the risks faced by the BHCs and (2)
ensure safety and soundness. These data
would also be used to develop and
calibrate supervisory stress test models,
evaluate the projections that BHCs
submit as part of the FR Y–14A, and
support continuous monitoring and
analysis of BHCs operational loss
activity and trends. These data are not
currently available on a standardized
basis.

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Federal Register / Vol. 77, No. 35 / Wednesday, February 22, 2012 / Notices
Additional Request for Comment
Although no changes are being
proposed to the submission due dates
for the FR Y–14Q data, the Federal
Reserve is soliciting feedback as to
whether the quarterly submission
schedule, which mirrors the FR Y–9
submission schedule, is problematic for
institutions. The Federal Reserve
specifically requests feedback as to
whether additional time would be
helpful, and if so, how many days.
FR Y–14 A, Q, and M (Annually,
Quarterly, and Monthly Collections)
Respondent Panel Revisions
As mentioned above, the Capital Plan
rule, which contains the authority for
these reporting requirements, applies to
large BHCs. As of September 30, 2011,
there were approximately 34 large
BHCs; however, at this time, only 30 are
required to report. The asset threshold
of $50 billion is consistent with the
threshold established by section 165 of
the Dodd-Frank Act relating to
enhanced supervision and prudential
standards for certain BHCs. Therefore,
the Federal Reserve proposes to expand
the scope of the respondent panel
required to complete the reporting
schedules and worksheets to include all
BHCs subject to the Capital Plan rule,
except for SR 01–01 firms.8
Board of Governors of the Federal Reserve
System, February 15, 2012.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 2012–3964 Filed 2–21–12; 8:45 am]

owned by the bank holding company,
including the companies listed below.
The applications listed below, as well
as other related filings required by the
Board, are available for immediate
inspection at the Federal Reserve Bank
indicated. The application also will be
available for inspection at the offices of
the Board of Governors. Interested
persons may express their views in
writing on the standards enumerated in
the BHC Act (12 U.S.C. 1842(c)). If the
proposal also involves the acquisition of
a nonbanking company, the review also
includes whether the acquisition of the
nonbanking company complies with the
standards in section 4 of the BHC Act
(12 U.S.C. 1843). Unless otherwise
noted, nonbanking activities will be
conducted throughout the United States.
Unless otherwise noted, comments
regarding each of these applications
must be received at the Reserve Bank
indicated or the offices of the Board of
Governors not later than March 19,
2012.
A. Federal Reserve Bank of Dallas (E.
Ann Worthy, Vice President) 2200
North Pearl Street, Dallas, Texas 75201–
2272:
1. UTB Financial Holding Company,
Dallas, Texas, to become a bank holding
company by acquiring 100 percent of
United Texas Bank, Dallas, Texas.
Board of Governors of the Federal Reserve
System, February 16, 2012.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. 2012–4018 Filed 2–21–12; 8:45 am]
BILLING CODE 6210–01–P

BILLING CODE 6210–01–P

FEDERAL RESERVE SYSTEM

FEDERAL RETIREMENT THRIFT
INVESTMENT BOARD

Formations of, Acquisitions by, and
Mergers of Bank Holding Companies

Sunshine Act Meeting

srobinson on DSK4SPTVN1PROD with NOTICES

The companies listed in this notice
have applied to the Board for approval,
pursuant to the Bank Holding Company
Act of 1956 (12 U.S.C. 1841 et seq.)
(BHC Act), Regulation Y (12 CFR part
225), and all other applicable statutes
and regulations to become a bank
holding company and/or to acquire the
assets or the ownership of, control of, or
the power to vote shares of a bank or
bank holding company and all of the
banks and nonbanking companies
8 SR 01–01 (Application of the Board’s Capital
Adequacy Guidelines to BHCs owned by Foreign
Banking Organizations) states, ‘‘as a general matter,
a U.S. BHC that is owned and controlled by a
foreign bank that is a Financial Holding Company
that the Board has determined to be wellcapitalized and well-managed will not be required
to comply with the Board’s capital adequacy
guidelines.’’

VerDate Mar<15>2010

16:37 Feb 21, 2012

Jkt 226001

9 a.m. (Eastern Time)
February 27, 2012.
PLACE: 2nd Floor Training Room, 1250
H Street NW., Washington, DC 20005.
STATUS: Parts will be open to the public
and parts will be closed to the public.
MATTERS TO BE CONSIDERED:
TIME AND DATE:

Parts Open to the Public
1. Approval of the Minutes of the
January 23, 2012 Board Member
Meeting
2. Thrift Savings Plan Activity Report
by the Executive Director
a. Monthly Participant Activity Report
b. Investment Performance Report
c. Legislative Report
3. Review of Audit Recommendations
4. Audit Reports
5. Department of Labor Audit
Presentation

PO 00000

Frm 00058

Fmt 4703

Sfmt 4703

10529

6. Review and Evaluation of
Investment Fund Indexes
7. Status of Current Investment
Management Contract
8. Board Meeting Calendar Review
9. FRTIB Move Update
10. Roth Contribution Feature Update
Parts Closed to the Public
11. Procurement
12. Predecisional Matters
CONTACT PERSON FOR MORE INFORMATION:

Thomas J. Trabucco, Director, Office of
External Affairs, (202) 942–1640.
Dated: February 17, 2012.
Thomas K. Emswiler,
Secretary, Federal Retirement Thrift
Investment Board.
[FR Doc. 2012–4248 Filed 2–17–12; 4:15 pm]
BILLING CODE 6760–01–P

DEPARTMENT OF DEFENSE
GENERAL SERVICES
ADMINISTRATION
NATIONAL AERONAUTICS AND
SPACE ADMINISTRATION
[OMB Control No. 9000–0043; Docket 2012–
0076; Sequence 2]

Federal Acquisition Regulation;
Information Collection; Delivery
Schedules
Department of Defense (DOD),
General Services Administration (GSA),
and National Aeronautics and Space
Administration (NASA).
ACTION: Notice of request for public
comments regarding an extension to an
existing OMB clearance.
AGENCY:

Under the provisions of the
Paperwork Reduction Act, the
Regulatory Secretariat will be
submitting to the Office of Management
and Budget (OMB) a request to review
and approve an extension of a
previously approved information
collection requirement concerning
delivery schedules.
Public comments are particularly
invited on: Whether this collection of
information is necessary for the proper
performance of functions of the Federal
Acquisition Regulation (FAR), and
whether it will have practical utility;
whether our estimate of the public
burden of this collection of information
is accurate, and based on valid
assumptions and methodology; ways to
enhance the quality, utility, and clarity
of the information to be collected; and
ways in which we can minimize the
burden of the collection of information
on those who are to respond, through

SUMMARY:

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