13188 Federal Register / Vol. 76, No. 47 / Thursday, March 10, 2011 / Notices 

FEDERAL FINANCIAL INSTITUTIONS 

EXAMINATION COUNCIL 

[Docket No. AS11–07] 

Appraisal Subcommittee Notice of 

meeting 

AGENCY: Appraisal Subcommittee of the 

Federal Financial Institutions 

Examination Council. 

ACTION: Notice of meeting. 

Description: In accordance with 

Section 1104(b) of Title XI of the 

Financial Institutions Reform, Recovery, 

and Enforcement Act of 1989, as 

amended, notice is hereby given that the 

Appraisal Subcommittee (ASC) will 

meet in closed session: 

Location: OCC—250 E Street, SW., 

Room 7C/7CA, Washington, DC 20219. 

Date: March 15, 2011. 

Time: Immediately following the ASC 

open session. 

Status: Closed. 

Matters To Be Considered: 

February 9, 2011 minutes—Closed 

Session. 

Preliminary discussion of State 

Compliance Reviews. 

Dated: March 7, 2011. 

James R. Park, 

Executive Director. 

[FR Doc. 2011–5534 Filed 3–9–11; 8:45 am] 

BILLING CODE P 

FEDERAL RESERVE SYSTEM 

Agency Information Collection 

Activities: Announcement of Board 

Approval Under Delegated Authority 

and Submission to OMB 

SUMMARY: Background. Notice is 

hereby given of the final approval of 

proposed information collections by the 

Board of Governors of the Federal 

Reserve System (Board) under OMB 

delegated authority, as per 5 CFR 

1320.16 (OMB Regulations on 

Controlling Paperwork Burdens on the 

Public). Board-approved collections of 

information are incorporated into the 

official OMB inventory of currently 

approved collections of information. 

Copies of the Paperwork Reduction Act 

Submission, supporting statements and 

approved collection of information 

instrument(s) are placed into OMB’s 

public docket files. The 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. 

For Further Information Contact: 

Cynthia Ayouch, Acting Federal Reserve 

Board Clearance Officer (202–452– 

3829), Division of Research and 

Statistics, Board of Governors of the 

Federal Reserve System, Washington, 

DC 20551. 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, 

Washington, DC 20503. 

Final approval under OMB delegated 

authority of the implementation of the 

following report: 

Report title: Payment Systems 

Surveys: Ad Hoc Payments Systems 

Survey, Currency Quality Sampling 

Survey, Currency Quality Survey, and 

Currency Functionality Survey. 

Agency form number: FR 3054a, FR 

3054b, FR 3054c, and FR 3054d. 

OMB control number: 7100–0332. 

Frequency: Annual, semi-annual, and 

on occasion. 

Reporters: Financial and nonfinancial 

businesses (banknote equipment 

manufacturers, or global wholesale bank 

note dealers). 

Estimated annual reporting hours: FR 

3054a: 15,000 hours; FR 3054b: 90 

hours; FR 3054c: 1,500 hours; and FR 

3054d: 960 hours. 

Estimated average hours per response: 

FR 3054a: 15 hours; FR 3054b: 0.5 

hours; FR 3054c: 30 hours; and FR 

3054d: 48 hours. 

Number of respondents: FR 3054a: 

100; FR 3054b: 180; FR 3054c; 25; and 

FR 3054d: 20. 

General description of report: These 

information collections are authorized 

pursuant to Section 11(d) of the Federal 

Reserve Act (12 U.S.C. 248(d)) and are 

voluntary. The ability of the Federal 

Reserve to maintain the confidentiality 

of information provided by respondents 

to the Payment Systems surveys would 

be determined on a case-by-case basis 

depending on the type of information 

provided for a particular survey. 

Depending upon the survey questions, 

confidential treatment could be 

warranted under section (b)(4) of the 

Freedom of Information Act (5 U.S.C. 

552(b)(4)). 

Abstract: The FR 3054a will be an 

event-driven survey used to obtain 

information specifically tailored to the 

Federal Reserve’s operational and fiscal 

agency responsibilities. The FR 3054a 

could be conducted independently by 

the Federal Reserve, jointly with 

another government agency, or a Federal 

Reserve Bank. The FR 3054b will be an 

annual survey to assess the quality of 

currency in circulation and will be 

conducted jointly with the Federal 

Reserve Bank of San Francisco’s Cash 

Product Office (CPO), the Federal 

Reserve Bank of Richmond’s Currency 

Technology Office (CTO), and each 

Federal Reserve Bank’s cash 

department. The FR 3054c will be a 

semi-annual survey to determine 

depository institutions’ and Banknote 

Equipment Manufacturers’ opinions of 

currency quality and would be 

conducted jointly with the CPO and 

CTO. The FR 3054d will be an annual 

survey to assess the functionality of 

Federal Reserve notes in banknote 

handling equipment. The FR 3054d data 

collected from BEMs will be used as 

input for future designs of Federal 

Reserve notes. The FR 3054d will be 

conducted jointly with the U.S. 

Treasury’s Bureau of Engraving and 

Printing and the CTO. The FR 3054a, FR 

3054b, FR 3054c, and FR 3054d will be 

sent to financial and nonfinancial 

businesses. 

The Federal Reserve will use the data 

collected from these surveys to 

determine: (1) Demand for currency and 

coin, (2) market preferences regarding 

currency quality, (3) quality of currency 

in circulation, (4) features used by bank 

note authentication equipment to 

denominate and authenticate bank 

notes, and (5) whether changes to 

Federal Reserve Bank sorting algorithms 

are necessary to ensure that currency in 

circulation remains fit for commerce. 

Current Actions: On December 28, 

2010, the Federal Reserve published a 

notice in the Federal Register (75 FR 

81607) requesting public comment for 

60 days on the implementation of the 

FR 3054a, FR 3054b, FR 3054c, and FR 

3054d surveys. The comment period for 

this notice expired on February 28, 

2011. The Federal Reserve did not 

receive any comments; the surveys will 

be implemented as proposed. 

Final approval under OMB delegated 

authority of the extension for three 

years, with revision, of the following 

reports: 

1. Report title: Consumer Satisfaction 

Questionnaire, Federal Reserve 

Consumer Help—Consumer Survey, and 

Consumer Online Complaint Form. 

Agency form number: FR 1379a, FR 

1379b, and FR 1379c. 

OMB control number: 7100–0135. 

Frequency: Event generated. 

Reporters: Consumers. 

Estimated annual reporting hours: FR 

1379a: 116 hours; FR 1379b: 167 hours; 

FR 1379c: 1,351 hours. 


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Federal Register / Vol. 76, No. 47 / Thursday, March 10, 2011 / Notices 13189 

Estimated average hours per response: 

FR 1379a: 5 minutes; FR 1379b: 5 

minutes; FR 1379c: 10 minutes. 

Number of respondents: FR 1379a: 

1,391; FR 1379b: 2,001; FR 1379c: 8,107. 

General description of report: This 

information collection is voluntary and 

is authorized by law pursuant the 

Federal Trade Commission 

Improvement Act (15 U.S.C. 57(a)(f)). 

The FR 1379a is not considered 

confidential. The FR 1379b collects the 

respondent’s name and the respondent 

may provide other personal information 

and information regarding his or her 

complaint in response to question five. 

The FR 1379c collects the respondent’s 

third-party representative if the 

respondent has such a representative. 

Thus, some of the information collected 

on the FR 1379b and c is considered 

confidential under the Freedom of 

Information Act (5 U.S.C. 552(b)(4), 

(b)(6), (b)(7)). 

Abstract: The FR 1379a questionnaire 

is sent to consumers who have filed 

complaints with the Federal Reserve 

against state member banks. The 

information is used to assess their 

satisfaction with the Federal Reserve’s 

handling and written response to their 

complaint at the conclusion of an 

investigation. The FR 1379b 

questionnaire is sent as needed to 

consumers who contact the Federal 

Reserve Consumer Help (FRCH) to file 

a complaint or inquiry. The information 

is used to determine whether consumers 

are satisfied with the way the FRCH 

handled their complaint. Consumers use 

the FR 1379c to electronically submit a 

complaint against a financial institution 

to the FRCH. 

Current Actions: On December 28, 

2010, the Federal Reserve published a 

notice in the Federal Register (75 FR 

81607) requesting public comment for 

60 days on the extension, with revision, 

of this information collection. The 

comment period for this notice expired 

on February 28, 2011. The Federal 

Reserve did not receive any comments. 

The revisions will be implemented as 

proposed. 

2. Report title: Application for Prior 

Approval to Become a Bank Holding 

Company or for a Bank Holding 

Company to Acquire an Additional 

Bank or Bank Holding Company, 

Notification for Prior Approval to 

Become a Bank Holding Company or for 

a Bank Holding Company to Acquire an 

Additional Bank or Bank Holding 

Company; and Notification for Prior 

Approval to Engage Directly or 

Indirectly in Certain Nonbanking 

Activities. 

Agency form number: FR Y–3, FR Y– 

3N, and FR Y–4. 

OMB control number: 7100–0121. 

Frequency: Event generated. 

Reporters: Corporations seeking to 

become bank holding companies 

(BHCs), or existing BHCs and state 

chartered banks that are members of the 

Federal Reserve System. 

Estimated annual reporting hours: FR 

Y–3 Section 3(a)(1): 5,565 hours; FR Y– 

3 Section 3(a)(3) and 3(a)(5): 9,081 

hours; FR Y–3N Section 3(a)(1), 3(a)(3), 

and 3(a)(5): 225 hours; FR Y–4 Complete 

notification: 936 hours; FR Y–4 

Expedited notification: 90 hours; and FR 

Y–4 Post-consummation: 8 hours. 

Estimated average hours per response: 

FR Y–3 Section 3(a)(1): 53 hours; FR Y– 

3 Section 3(a)(3) and 3(a)(5): 63.5 hours; 

FR Y–3N Section 3(a)(1), 3(a)(3), and 

3(a)(5): 5 hours; FR Y–4 Complete 

notification: 12 hours; FR Y–4 

Expedited notification: 5 hours; and FR 

Y–4 Post-consummation: 30 minutes. 

Number of respondents: FR Y–3 

Section 3(a)(1): 105; FR Y–3 Section 

3(a)(3) and 3(a)(5): 143; FR Y–3N 

Section 3(a)(1), 3(a)(3), and 3(a)(5): 45; 

FR Y–4 Complete notification: 78; FR 

Y–4 Expedited notification: 18; and FR 

Y–4 Post-consummation: 16. 

General description of report: These 

information collections are mandatory 

(12 U.S.C. 1842(a), 1844(b), 1843(j)). The 

information submitted in the FR Y–3, 

FR Y–3N, and FR Y–4 is considered to 

be public unless an institution requests 

confidential treatment for portions of 

the particular application or 

notification. Applicants may rely on any 

Freedom of Information Act (FOIA) 

exemption, but such requests for 

confidentiality must contain detailed 

justifications corresponding to the 

claimed FOIA exemption. Requests for 

confidentiality must be evaluated on a 

case-by-case basis. 

Abstract: The Federal Reserve 

requires the submission of these filings 

for regulatory and supervisory purposes 

and to allow the Federal Reserve to 

fulfill its statutory obligations under the 

Bank Holding Company (BHC) Act of 

1956. These filings collect information 

on proposals by bank holding 

companies involving formations, 

acquisitions, mergers, and nonbanking 

activities. The Federal Reserve must 

obtain this information to evaluate each 

individual transaction with respect to 

financial and managerial factors, 

permissibility, competitive effects, net 

public benefits, and the impact on the 

convenience and needs of affected 

communities. 

Current Actions: On December 28, 

2010, the Federal Reserve published a 

notice in the Federal Register (75 FR 

81607) requesting public comment for 

60 days on the extension, with minor 

revision, of this information collection. 

The comment period for this notice 

expired on February 28, 2011. The 

Federal Reserve did not receive any 

comments. The revision will be 

implemented as proposed. 

Final approval under OMB delegated 

authority of the extension for three 

years, without revision, of the following 

reports: 

1. Report title: Annual Daylight 

Overdraft Capital Report for U.S. 

Branches and Agencies of Foreign 

Banks. 

Agency form number: FR 2225. 

OMB control number: 7100–0216. 

Frequency: Annual. 

Reporters: Foreign banks with U.S. 

branches or agencies. 

Estimated annual reporting hours: 45 

hours. 

Estimated average hours per response: 

1 hour. 

Number of respondents: 45. 

General description of report: This 

information collection is authorized 

pursuant to sections 11(i), 16, and 19(f) 

of the Federal Reserve Act (12 U.S.C. 

248(i), 248–1, and 464). A foreign 

banking organization (FBO) is required 

to respond in order to obtain or retain 

a benefit, i.e., in order for the U.S. 

branch or agency of an FBO to establish 

and maintain a non-zero net debit cap. 

The information submitted by 

respondents is not confidential; 

however, respondents may request 

confidential treatment for portions of 

the report. Data may be considered 

confidential and exempt from disclosure 

under section (b)(4) of the Freedom of 

Information Act if it constitutes 

commercial or financial information and 

it would customarily not be released to 

the public by the person from whom it 

was obtained (5 U.S.C. 552(b)(4)). 

Abstract: This report was 

implemented in March 1986 as part of 

the procedures used to administer the 

Federal Reserve’s Payments System Risk 

(PSR) policy. A key component of the 

PSR policy is a limit, or a net debit cap, 

on an institution’s negative intraday 

balance in its Reserve Bank account. 

The Federal Reserve calculates an 

institution’s net debit cap by applying 

the multiple associated with the net 

debit cap category to the institution’s 

capital. For FBOs, a percentage of the 

FBO’s capital measure, known as the 

U.S. capital equivalency, is used to 

calculate the FBO’s net debit cap. 

Currently, an FBO with U.S. branches 

or agencies may voluntarily file the FR 

2225 to provide the Federal Reserve 

with its capital measure. Because an 

FBO that files the FR 2225 may be able 

to use its total capital in determining its 

U.S capital equivalency measure, which 


jdjones on DSK8KYBLC1PROD with NOTICES
13190 Federal Register / Vol. 76, No. 47 / Thursday, March 10, 2011 / Notices 

is then used to calculate its net debit 

cap, an FBO seeking to maximize its 

daylight overdraft capacity may find it 

advantageous to file the FR 2225. An 

FBO that does not file FR 2225 may use 

an alternative capital measure based on 

its nonrelated liabilities. 

Current Actions: On December 28, 

2010, the Federal Reserve published a 

notice in the Federal Register (75 FR 

81607) requesting public comment for 

60 days on the extension, with revision, 

of the Annual Daylight Overdraft 

Capital Report for U.S. Branches and 

Agencies of Foreign Banks. The 

comment period for this notice expired 

on February 28, 2011. The Federal 

Reserve did not receive any comments. 

2. Report title: International 

Applications and Prior Notifications 

under Subparts A and C of Regulation 

K. 

Agency form number: FR K–1. 

OMB control number: 7100–0107. 

Frequency: Event generated. 

Reporters: State member banks, Edge 

and agreement corporations, bank 

holding companies, and certain FBOs. 

Estimated annual reporting hours: 

Attachments A and B, 161 hours; 

Attachments C through G, 120 hours; 

Attachments H and I, 558 hours; 

Attachment J, 30 hours; Attachment K, 

20 hours. 

Estimated average hours per response: 

Attachments A and B, 11.5 hours; 

Attachments C through G, 10 hours; 

Attachments H and I, 15.5 hours; 

Attachment J, 10 hours; Attachment K, 

20 hours. 

Number of respondents: Attachments 

A and B, 7; Attachments C through G, 

6; Attachments H and I, 12; Attachment 

J, 3; Attachment K, 1. 

General description of report: This 

information collection is mandatory 

pursuant to sections 25 and 25A of the 

Federal Reserve Act (12 U.S.C. 601– 

604(a), 611–631) and sections 4(c)(13), 

4(c)(14), and 5(c) of the BHC Act (12 

U.S.C. 1843(c)(13), 1843(c)(14), 1844(c)). 

The information submitted in the FR 

K–1 is considered to be public unless an 

institution requests confidential 

treatment for portions of the particular 

application or notification. Applicants 

may rely on any FOIA exemption, but 

such requests for confidentiality must 

contain detailed justifications 

corresponding to the claimed FOIA 

exemption. Requests for confidentiality 

must be evaluated on a case-by-case 

basis. 

Abstract: Subpart A of Regulation K 

governs the foreign investments and 

activities of member banks, Edge and 

agreement corporations, bank holding 

companies, and certain investments by 

foreign organizations. Subpart C of 

Regulation K governs investments in 

export trading companies. The FR K–1 

information collection contains eleven 

attachments for the application and 

notification requirements embodied in 

Subparts A and C of Regulation K. The 

Federal Reserve requires these 

applications for regulatory and 

supervisory purposes and to allow the 

Federal Reserve to fulfill its statutory 

obligations under the Federal Reserve 

Act and the BHC Act of 1956. 

Current Actions: On December 28, 

2010, the Federal Reserve published a 

notice in the Federal Register (75 FR 

81607) requesting public comment for 

60 days on the extension, without 

revision, of the International 

Applications and Prior Notifications 

under Subparts A and C of Regulation 

K. The comment period for this notice 

expired on February 28, 2011. The 

Federal Reserve did not receive any 

comments. 

3. Report title: International 

Applications and Prior Notifications 

Under Subpart B of Regulation K. 

Agency form number: FR K–2. 

OMB control number: 7100–0284. 

Frequency: Event generated. 

Reporters: Foreign banks. 

Estimated annual reporting hours: 

630 hours. 

Estimated average hours per response: 

35 hours. 

Number of respondents: 18. 

General description of report: This 

information collection is mandatory 

pursuant to sections 7, 10, and 13 of the 

International Banking Act (12 U.S.C. 

3105, 3107, 3108). The applying or 

notifying organization may request that 

portions of the information contained in 

the FR K–2 be afforded confidential 

treatment. To do so, applicants must 

demonstrate how the information for 

which confidentiality is requested 

would fall within the scope of one or 

more of the exemptions contained in the 

Freedom of Information Act. Any such 

request would have to be evaluated on 

a case-by-case basis. 

Abstract: Foreign banks are required 

to obtain the prior approval of the 

Federal Reserve to establish a branch, 

agency, or representative office; to 

acquire ownership or control of a 

commercial lending company in the 

United States; or to change the status of 

any existing office in the United States. 

The Federal Reserve uses the 

information, in part, to fulfill its 

statutory obligation to supervise FBOs 

with offices in the United States. 

Current Actions: On December 28, 

2010, the Federal Reserve published a 

notice in the Federal Register (75 FR 

81607) requesting public comment for 

60 days on the extension, without 

revision, of the International 

Applications and Prior Notifications 

Under Subpart B of Regulation K. The 

comment period for this notice expired 

on February 28, 2011. The Federal 

Reserve did not receive any comments. 

4. Report title: Application for a 

Foreign Organization to Acquire a U.S. 

Bank or Bank Holding Company. 

Agency form number: FR Y–3F. 

OMB control number: 7100–0119. 

Frequency: Event generated. 

Reporters: Any company organized 

under the laws of a foreign country 

seeking to acquire a U.S. subsidiary 

bank or BHC. 

Estimated annual reporting hours: 

Initial application, 90 hours; subsequent 

application, 490 hours. 

Estimated average hours per response: 

Initial application, 90 hours; subsequent 

application, 70 hours. 

Number of respondents: Initial 

application, 1; subsequent application, 

7. 

General description of report: This 

information collection is required to 

obtain or retain a benefit under sections 

3(a), 3(c), and 5(a) through 5(c) of the 

BHC Act (12 U.S.C. 1842(a), (c), 

1844(a)–(c)). The information provided 

in the application is not confidential 

unless the applicant specifically 

requests confidentiality and the Federal 

Reserve approves the request. 

Abstract: Under the BHC Act, 

submission of this application is 

required for any company organized 

under the laws of a foreign country 

seeking to acquire a U.S. subsidiary 

bank or BHC. Applicants must provide 

financial and managerial information, 

discuss the competitive effects of the 

proposed transaction, and discuss how 

the proposed transaction would 

enhance the convenience and needs of 

the community to be served. The 

Federal Reserve uses the information, in 

part, to fulfill its supervisory 

responsibilities with respect to FBOs in 

the United States. 

Current Actions: On December 28, 

2010, the Federal Reserve published a 

notice in the Federal Register (75 FR 

81607) requesting public comment for 

60 days on the extension, without 

revision, of the Application for a 

Foreign Organization to Acquire a U.S. 

Bank or Bank Holding Company. The 

comment period for this notice expired 

on February 28, 2011. The Federal 

Reserve did not receive any comments. 

Board of Governors of the Federal Reserve 

System, March 7, 2011. 

Jennifer J. Johnson, 

Secretary of the Board. 

[FR Doc. 2011–5514 Filed 3–9–11; 8:45 am] 

BILLING CODE 6210–01–P 


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