FR2 - 83 FR 12393 (Mar 21 2018)

12393

Federal Register / Vol. 83, No. 55 / Wednesday, March 21, 2018 / Notices
FEDERAL DEPOSIT INSURANCE
CORPORATION

again invites comment on these
renewals.

[OMB Nos. 3064–0115 and 3064–0197]

DATES:

Agency Information Collection
Activities: Submission for OMB
Review; Comment Request
Federal Deposit Insurance
Corporation (FDIC).
ACTION: Notice and request for comment.
AGENCY:

The FDIC, as part of its
continuing effort to reduce paperwork
and respondent burden, invites the
general public and other Federal
agencies to take this opportunity to
comment on the renewal of the existing
information collections, as required by
the Paperwork Reduction Act of 1995.
On December 29, 2017, the FDIC
requested comment for 60 days on a
proposal to renew the information
collections described below. One
comment was received for each
information collection described below.
Each was generally supportive of the
requirements set forth in the respective
rules but did not address the paperwork
burden for the information collections.
The FDIC hereby gives notice of its plan
to submit to OMB a request to approve
the renewal of these collections, and

SUMMARY:

FOR FURTHER INFORMATION CONTACT:

Comments must be submitted on
or before May 21, 2018.
ADDRESSES: Interested parties are
invited to submit written comments to
the FDIC by any of the following
methods:
• Agency website: https://
www.FDIC.gov/regulations/laws/federal.
Follow instructions for submitting
comments on the Agency website.
• Email: [email protected]. Include
the name and number of the collection
in the subject line of the message.
• Mail: Jennifer Jones, 202–898–6768,
Counsel, MB–3105, Federal Deposit
Insurance Corporation, 550 17th Street
NW, Washington, DC 20429.
• Hand Delivery: Comments may be
hand-delivered to the guard station at
the rear of the 17th Street Building
(located on F Street), on business days
between 7:00 a.m. and 5:00 p.m.
All comments should refer to the
relevant OMB control number. A copy
of the comments may also be submitted
to the OMB desk officer for the FDIC:
Office of Information and Regulatory
Affairs, Office of Management and
Budget, New Executive Office Building,
Washington, DC 20503.

Jennifer Jones, 202–898–6768,
[email protected], Counsel, MB–
3105, Federal Deposit Insurance
Corporation, 550 17th Street NW,
Washington, DC 20429.
On
December 29, 2017, the FDIC requested
comment for 60 days on a proposal to
renew the information collections
described below. One comment was
received for each information collection
described below. Each was generally
supportive of the requirements set forth
in the respective rules but did not
address the paperwork burden for the
information collections. The FDIC
hereby gives notice of its plan to submit
to OMB a request to approve the
renewal of these collections, and again
invites comment on these renewals.
Proposal to renew the following
currently approved collections of
information:
1. Title: Prompt Corrective Action.
OMB Number: 3064–0115.
Form Number: None.
Affected Public: State non-member
banks and savings associations.
Burden Estimate:

SUPPLEMENTARY INFORMATION:

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SUMMARY OF ANNUAL BURDEN
Estimated
number of
respondents

Estimated
frequency of
responses

Estimated
time per
response

Obligation to
respond

Prompt Corrective Action (12 CFR parts
303, 324, and 390).

Reporting .......

Voluntary ........

17

1

4

On occasion ...

68

Total Hourly Burden.

........................

........................

........................

........................

........................

........................

68

General Description of Collection: The
Prompt Corrective Action (PCA)
provisions of section 38 of the Federal
Deposit Insurance Act require or permit
the FDIC and other federal banking
agencies to take certain supervisory
actions when FDIC-insured institutions
fall within certain capital categories.
They also restrict or prohibit certain
activities and require the submission of
a capital restoration plan when an
insured institution becomes
undercapitalized. Various provisions of
the statute and the FDIC’s implementing
regulations require the prior approval of
the FDIC before an FDIC-supervised
institution, or certain insured
depository institutions, can engage in
certain activities, or allow the FDIC to
make exceptions to restrictions that
would otherwise be imposed. This

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collection of information consists of the
applications that are required to obtain
the FDIC’s prior approval to engage in
these activities.
There is no change in the method or
substance of the collection. The overall
reduction in burden hours is the result
of economic fluctuation. In particular,
the number of respondents has
decreased while the hours per response
and frequency of responses have
remained the same.
2. Title: Liquidity Coverage Ratio:
Liquidity Risk Measurement, Standards,
and Monitoring (LCR).
OMB Number: 3064–0197.
Form Number: None.
Affected Public: State savings
associations and State nonmember
banks that (i) have total consolidated
assets equal to $250 billion or more; (ii)

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Frequency
of response

Total annual
estimated
burden
(hours)

Type of
burden

have total consolidated on-balance sheet
foreign exposure equal to $10 billion or
more; or (iii) have total consolidated
assets equal to $10 billion or more and
are a consolidated subsidiary of one of
the following: (A) A covered depository
institution holding company or
depository institution that has total
assets equal to $250 billion or more; (B)
a covered depository institution holding
company or depository institution that
has total consolidated on-balance sheet
foreign exposure equal to $10 billion or
more; or (C) a company that has been
designated by the Financial Stability
Oversight Council for supervision by the
Board of Governors of the Federal
Reserve System.
Burden Estimate:

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12394

Federal Register / Vol. 83, No. 55 / Wednesday, March 21, 2018 / Notices
SUMMARY OF ANNUAL BURDEN
Type of
burden

Liquidity Coverage
Ratio (LCR)—12
CFR 329.40(a), (b).
§ 329.40(a) Notification that liquidity coverage
ratio is less than
minimum in
§ 329.10.
§ 329.40(b) Notification that liquidity coverage
ratio is less than
minimum in
§ 329.10 for 3
consecutive
days or otherwise noncompliant.
§ 329.40(b) Plan
for achieving
compliance.
§ 329.40(b)(4)
Weekly report of
progress toward
achieving compliance.
Liquidity Coverage
Ratio (LCR)—12
CFR 329.22(a)(2),
(5).
§ 329.22(a)(2) Policies that require
eligible HQLA to
be under control
of liquidity risk
management
function.
§ 329.22(a)(5)
Documented
methodology
providing consistent treatment
for determining
whether eligible
HQLA meets
operational requirements.

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Total Hourly
Burden.

Obligation to
respond

Estimated
frequency
of responses

Estimated time
per response

Frequency of
response

Total annual
estimated
burden
(hours)

Reporting .......

Mandatory.

Reporting .......

Mandatory ......

2

12

0.25

On Occasion ..

6

Reporting .......

Mandatory ......

2

1

0.25

On Occasion ..

0.50

Recordkeeping

Mandatory ......

2

1

100.00

On Occasion ..

200

Reporting .......

Mandatory ......

2

4

0.25

On Occasion ..

2

Recordkeeping

Mandatory.

Recordkeeping

Mandatory ......

2

1

10.00

On Occasion ..

20

Recordkeeping

Mandatory ......

2

1

10.00

On Occasion ..

20

........................

........................

........................

........................

........................

........................

248.50

General Description of Collection: The
LCR rule implements a quantitative
liquidity requirement and contains
requirements subject to the PRA. The
reporting and recordkeeping
requirements are found in Sections
329.22 and 329.40. The requirement is
designed to promote the short-term
resilience of the liquidity risk profile of
large and internationally active banking
organizations, thereby improving the
banking sector’s ability to absorb shocks
arising from financial and economic

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Estimated
number of
respondents

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stress, and to further improve the
measurement and management of
liquidity risk. The LCR rule establishes
a quantitative minimum liquidity
coverage ratio that requires a company
subject to the rule to maintain an
amount of high-quality liquid assets (the
numerator of the ratio) that is no less
than 100 percent of its total net cash
outflows over a prospective 30 calendarday period (the denominator of the
ratio).
The FDIC has reviewed its previous
PRA submission and has updated its

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methodology for calculating the burden
in order to be consistent with the Office
of the Comptroller of the Currency and
the Board of Governors of the Federal
Reserve System. The overall increase in
burden hours is the result of these
changes.
Request for Comment
Comments are invited on: (a) Whether
the collections of information are
necessary for the proper performance of
the FDIC’s functions, including whether
the information has practical utility; (b)

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Federal Register / Vol. 83, No. 55 / Wednesday, March 21, 2018 / Notices
the accuracy of the estimates of the
burden of the information collections,
including the validity of the
methodology and assumptions used; (c)
ways to enhance the quality, utility, and
clarity of the information to be
collected; and (d) ways to minimize the
burden of the collections of information
on respondents, including through the
use of automated collection techniques
or other forms of information
technology. All comments will become
a matter of public record.
Dated at Washington, DC, on March 16,
2018.
Federal Deposit Insurance Corporation.
Robert E. Feldman,
Executive Secretary.
[FR Doc. 2018–05711 Filed 3–20–18; 8:45 am]
BILLING CODE 6714–01–P

FEDERAL RESERVE SYSTEM
Agency Information Collection
Activities; Announcement of Board
Approval Under Delegated Authority
and Submission to OMB
Board of Governors of the
Federal Reserve System.
SUMMARY: The Board of Governors of the
Federal Reserve System (Board) is
adopting a proposal to extend for three
years, with revision, the mandatory
Financial Statements for Holding
Companies (FR Y–9) (OMB No. 7100–
0128).
FOR FURTHER INFORMATION CONTACT:
Federal Reserve Board Clearance
Officer—Nuha Elmaghrabi—Office of
the Chief Data Officer, Board of
Governors of the Federal Reserve
System, Washington, DC 20551, (202)
452–3829. Telecommunications Device
for the Deaf (TDD) users may contact
(202) 263–4869, Board of Governors of
the Federal Reserve System,
Washington, DC 20551. OMB Desk
Officer—Shagufta Ahmed—Office of
Information and Regulatory Affairs,
Office of Management and Budget, New
Executive Office Building, Room 10235,
725 17th Street NW, Washington, DC
20503 or by fax to (202) 395–6974.
SUPPLEMENTARY INFORMATION: On June
15, 1984, the Office of Management and
Budget (OMB) delegated to the Board
authority under the Paperwork
Reduction Act (PRA) to approve of and
assign OMB control numbers to
collection of information requests and
requirements conducted or sponsored
by the Board. Board-approved
collections of information are
incorporated into the official OMB
inventory of currently approved
collections of information. Copies of the

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AGENCY:

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Paperwork Reduction Act Submission,
supporting statements and approved
collection of information instrument(s)
are placed into OMB’s public docket
files. The Federal Reserve may not
conduct or sponsor, and the respondent
is not required to respond to, an
information collection that has been
extended, revised, or implemented on or
after October 1, 1995, unless it displays
a currently valid OMB control number.
Final Approval Under OMB Delegated
Authority of the Extension for Three
Years, With Revision, of the Following
Report
Report title: Consolidated Financial
Statements for Holding Companies,
Parent Company Only Financial
Statements for Large Holding
Companies, Parent Company Only
Financial Statements for Small Holding
Companies, Financial Statement for
Employee Stock Ownership Plan
Holding Companies, and the
Supplement to the Consolidated
Financial Statements for Holding
Companies.
Agency form number: FR Y–9C, FR Y–
9LP, FR Y–9SP, FR Y–9ES, and FR Y–
9CS.
OMB control number: 7100–0128.
Frequency: Quarterly and
semiannually.
Reporters: Bank holding companies
(BHCs), savings and loan holding
companies, securities holding
companies, and U.S. Intermediate
Holding Companies (IHCs) (collectively,
holding companies (HCs)).
Estimated annual reporting hours: FR
Y–9C (non-advanced approaches
holding companies): 119,094 hours; FR
Y–9C (advanced approached holding
companies): 3,482 hours; FR Y–9LP:
16,442 hours; FR Y–9SP: 42,001; FR Y–
9ES: 40 hours; FR Y–9CS: 472 hours.
Estimated average hours per response:
FR Y–9C (non-advanced approaches
holding companies): 47.11 hours; FR Y–
9C (advanced approached holding
companies HCs): 48.36 hours; FR Y–
9LP: 5.27 hours; FR Y–9SP: 5.40 hours;
FR Y–9ES: 0.50 hours; FR Y–9CS: 0.50
hours.
Number of respondents: FR Y–9C
(non-advanced approaches holding
companies): 632; FR Y–9C (advanced
approached holding companies): 18; FR
Y–9LP: 780; FR Y–9SP: 3,889; FR Y–
9ES: 80; FR Y–9CS: 236.
General description of report:
Pursuant to the Bank Holding Company
Act of 1956 (BHC Act), as amended, and
the Home Owners’ Loan Act (HOLA),
the Federal Reserve requires HCs to
provide standardized financial
statements to fulfill the Federal
Reserve’s statutory obligation to

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12395

supervise these organizations. HCs file
the FRY–9C and FR Y–9LP quarterly,
and the FR Y–9SP semiannually, the FR
Y–9ES annually, and the FR Y–9CS on
a schedule that is determined when this
supplement is used.
Proposed revisions: The Board is
implementing a number of revisions to
the FR Y–9C requirements, most of
which are consistent with the recent
changes to the Federal Financial
Institutions Examination Council
(FFIEC) Consolidated Reports of
Condition and Income (Call Reports)
(FFIEC 031, FFIEC 041, and FFIEC 051;
OMB No. 7100–0036). The revisions to
the FR Y–9C include deletions,
consolidations of existing data items
into new data items, reductions in
reporting frequency, and new and
revised reporting thresholds for certain
data items. The Board is also making
changes to the reporting forms and
instructions for the FR Y–9C, FR Y–9LP,
and FR Y–9SP to implement accounting
changes pertaining to equity securities
under Accounting Standards update
(ASU No. 2016–01, ‘‘Recognition and
Measurement of Financial Assets and
Financial Liabilities.’’). The accounting
changes pertaining to equity securities
would be effective beginning with the
reports reflecting the March 31, 2018,
report date and June 30, 2018 for all
other changes. The changes include:
• Deleting and combining of certain
data items pertaining to (1) Goodwill
and Other intangible assets from
Schedule HC, Balance Sheet; (2) U.S.
Government agency obligations and
structured financial products from
Schedule HC–B, Securities; (3)
Structured financial products and
certain loans and the unpaid principal
balance of such loans on Schedule HC–
D, Trading Assets; (4) Certain over-the
counter derivatives on Schedule HC–L,
Derivatives and Off-Balance sheet items,
and (5) Purchased credit card
relationships and nonmortgage servicing
assets from Schedule HC–M,
Memoranda;
• Deleting two preprinted captions
for other noninterest income on
Schedule HI, Income Statement and
certain data items on Schedule HC–D,
Trading Assets and Liabilities;
• Deleting Column B (Domestic
Office) from Schedule HC–D, Trading
Assets and Liabilities;
• Reducing the reporting frequency
from quarterly to semiannual and from
quarterly to annual for certain data
items on the FR Y–9C report;
• Increasing and adding reporting
thresholds for certain data items in four
FR Y–9C schedules;
• Revising the reporting forms and
instructions to implement the reporting

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