Federal Register / Vol. 74, No. 185 / Friday, September 25, 2009 / Notices 48967 

and agreement corporations, and BHCs. 

Parent organizations (SMBs, Edge and 

agreement corporations, or BHCs) file 

the FR 2314 on a quarterly or annual 

basis according to filing criteria. The FR 

2314 data are used to identify current 

and potential problems at the foreign 

subsidiaries of U.S. parent companies, 

to monitor the activities of U.S. banking 

organizations in specific countries, and 

to develop a better understanding of 

activities within the industry, in 

general, and of individual institutions, 

in particular. 

Current Actions: The Federal Reserve 

proposes to revise the instructions for 

Schedule IS, data item 7(b) Noninterest 

expense pertaining to related 

organizations, to indicate that negative 

amounts reported in this data item 

should not be reported as net credit 

balances in data item 5(b), Noninterest 

income from related organizations. 

Rather, paper filers should report 

negative amounts in parentheses or with 

a minus (¥) sign and electronic filers 

should report negative amounts with a 

minus (¥) sign. The proposed revision 

would make the reporting of negative 

amounts consistent with reporting of 

negative amounts in data item 7(a), 

Noninterest expense pertaining to 

nonrelated organizations and the 

treatment of negative amounts reported 

on the Consolidated Financial 

Statements for Bank Holding Companies 

(FR Y–9C; OMB No. 7100–0128). 

4. Report title: Financial Statements of 

U.S. Nonbank Subsidiaries Held by 

Foreign Banking Organizations. 

Agency form number: FR Y–7N. 

OMB control number: 7100–0125. 

Frequency: Quarterly and annually. 

Reporters: Foreign banking 

organizations (FBOs). 

Estimated annual reporting hours: FR 

Y–7N (quarterly), 4,787 hours; and FR 

Y–7N (annual), 1,387 hours. 

Estimated average hours per response: 

FR Y–7N (quarterly), 6.8 hours; and FR 

Y–7N (annual), 6.8 hours. 

Number of respondents: FR Y–7N 

(quarterly), 176; and FR Y–7N (annual), 

204. 

General description of report: This 

information collection is mandatory (12 

U.S.C. 1844(c), 3106(c), and 3108). 

Confidential treatment is not routinely 

given to the data in these reports. 

However, confidential treatment for 

information, in whole or in part, on any 

of the reporting forms can be requested 

in accordance with the instructions to 

the form, pursuant to sections (b)(4) and 

(b)(6) of the Freedom of Information Act 

(5 U.S.C. 522(b)(4) and (b)(6)). 

Abstract: The FR Y–7N collects 

financial information for nonfunctionally regulated U.S. nonbank 

subsidiaries held by FBOs other than 

through a U.S. BHC, U.S. FHC, or U.S. 

bank. FBOs file the FR Y–7N on a 

quarterly or annual basis based on size 

thresholds. 

Current Actions: The Federal Reserve 

proposes to revise the instructions for 

Schedule IS, data item 7(b) Noninterest 

expense pertaining to related 

organizations, to indicate that negative 

amounts reported in this data item 

should not be reported as net credit 

balances in data item 5(b), Noninterest 

income from related organizations. 

Rather, paper filers should report 

negative amounts in parentheses or with 

a minus (¥) sign and electronic filers 

should report negative amounts with a 

minus (¥) sign. The proposed revision 

would make the reporting of negative 

amounts consistent with reporting of 

negative amounts in data item 7(a), 

Noninterest expense pertaining to 

nonrelated organizations and the 

treatment of negative amounts reported 

on the Consolidated Financial 

Statements for Bank Holding Companies 

(FR Y–9C; OMB No. 7100–0128). 

Board of Governors of the Federal Reserve 

System, September 22, 2009. 

Jennifer J. Johnson, 

Secretary of the Board. 

[FR Doc. E9–23164 Filed 9–24–09; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL RESERVE SYSTEM 

Agency Information Collection 

Activities: Announcement of Board 

Approval Under Delegated Authority 

and Submission to OMB 

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: 

Federal Reserve Board Clearance 

Officer—Michelle Shore—Division of 

Research and Statistics, Board of 

Governors of the Federal Reserve 

System, Washington, DC 20551 (202– 

452–3829). 

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 extension for three 

years, without revision, of the following 

reports: 

1. Report title: Report of Transaction 

Accounts, Other Deposits and Vault 

Cash. 

Agency form number: FR 2900. 

OMB control number: 7100–0087. 

Frequency: Weekly and quarterly. 

Reporters: Depository institutions. 

Estimated annual reporting hours: 

598,738 hours. 

Estimated average time per response: 

3.50 hours. 

Number of respondents: 2,914 weekly 

and 4,885 quarterly. 

General description of report: This 

information collection is mandatory (12 

U.S.C. 248(a), 461, 603, and 615) and is 

given confidential treatment (5 U.S.C. 

552(b)(4)). 

Abstract: Institutions with net 

transaction accounts greater than the 

exemption amount are called 

nonexempt institutions. Institutions 

with total transaction accounts, savings 

deposits, and small time deposits 

greater than or equal to the reduced 

reporting limit, regardless of the level of 

their net transaction accounts, are also 

referred to as nonexempt institutions. 

Nonexempt institutions submit FR 2900 

data either weekly or quarterly. An 

institution is required to report weekly 

if its total transaction accounts, savings 

deposits, and small time deposits are 

greater than or equal to the nonexempt 

deposit cutoff. If the nonexempt 

institution’s total transaction accounts, 

savings deposits, and small time 

deposits are less than the nonexempt 

deposit cutoff then the institution must 

report quarterly. U.S. branches and 

agencies of foreign banks and banking 

Edge and agreement corporations 

submit the FR 2900 data on a weekly 

basis, regardless of their size. These 

mandatory data are used by the Federal 

Reserve for administering Regulation D 

(Reserve Requirements of Depository 

Institutions) and for constructing, 

analyzing, and monitoring the monetary 

and reserve aggregates. 

2. Report title: Annual Report of Total 

Deposits and Reservable Liabilities. 

Agency form number: FR 2910a. 

OMB control number: 7100–0175. 


jlentini on DSKJ8SOYB1PROD with NOTICES
48968 Federal Register / Vol. 74, No. 185 / Friday, September 25, 2009 / Notices 

Frequency: Annually. 

Reporters: Depository institutions. 

Annual reporting hours: 3,605 hours. 

Estimated average time per response: 

45 minutes. 

Number of respondents: 4,807. 

General description of report: This 

information collection is mandatory (12 

U.S.C. 248(a), and 461) and is given 

confidential treatment (5 U.S.C. 

552(b)(4)). 

Abstract: The FR 2910a is an annual 

report generally filed by depository 

institutions that are exempt from reserve 

requirements under the Garn-St 

Germain Depository Institutions Act of 

1982 and whose total deposits, 

measured from depository institutions’ 

December quarterly condition reports, 

are greater than the exemption amount 

but less than the reduced reporting 

limit. The report contains three data 

items that are to be submitted for a 

single day, June 30: (1) Total transaction 

accounts, savings deposits, and small 

time deposits; (2) reservable liabilities; 

and (3) net transaction accounts. The 

data collected on this report serves two 

purposes. First, the data are used to 

determine which depository institutions 

will remain exempt from reserve 

requirements and consequently eligible 

for reduced reporting for another year. 

Second, the data are used in the annual 

indexation of the low reserve tranche, 

the exemption amount, the nonexempt 

deposit cutoff, and the reduced 

reporting limit. These mandatory data 

are used by the Federal Reserve for 

administering Regulation D and for 

constructing, analyzing, and monitoring 

the monetary and reserve aggregates. 

3. Report title: Report of Foreign (NonU.S.) Currency Deposits. 

Agency form number: FR 2915. 

OMB control number: 7100–0237. 

Frequency: Quarterly. 

Reporters: Depository institutions. 

Annual reporting hours: 230 hours. 

Estimated average time per response: 

30 minutes. 

Number of respondents: 115. 

General description of report: This 

information collection is mandatory (12 

U.S.C. 248(a)(2) and 347(d)) and is given 

confidential treatment (5 U.S.C. 

552(b)(4)). 

Abstract: All FR 2900 respondents, 

both weekly and quarterly, that offer 

deposits denominated in foreign 

currencies at their U.S. offices file the 

FR 2915. FR 2915 data are used to 

remove foreign currency deposits from 

aggregated FR 2900 data in constructing 

the monetary aggregates. All weekly and 

quarterly FR 2900 respondents offering 

foreign currency deposits file the FR 

2915 quarterly, on the same reporting 

schedule as quarterly FR 2900 

respondents. The FR 2915 is the only 

source of data on such deposits. 

4. Report title: Allocation of Low 

Reserve Tranche and Reservable 

Liabilities Exemption. 

Agency form number: FR 2930. 

OMB control number: 7100–0088. 

Frequency: Annually and on occasion. 

Reporters: Depository institutions. 

Annual reporting hours: 33 hours. 

Estimated average time per response: 

15 minutes. 

Number of respondents: 133. 

General description of report: This 

information collection is mandatory (12 

U.S.C. 248(a), 461, 603, and 615) and is 

given confidential treatment (5 U.S.C. 

552(b)(4)). 

Abstract: The FR 2930 provides 

information on the allocation of the low 

reserve tranche and the reservable 

liabilities exemption for depository 

institutions with offices in more than 

one state or Federal Reserve District or 

for those operating under operational 

convenience. For calculation of required 

reserves on net transaction accounts, 

there is a low reserve tranche within 

which deposits are reserved at a lower 

reserve requirement ratio than are 

amounts in excess of the low reserve 

tranche. Within the low reserve tranche, 

deposits under the reservable liabilities 

exemption amount are reserved at zero. 

All U.S. offices of the same parent 

depository institution share one low 

reserve tranche and one reservable 

liabilities exemption. This report 

provides the basis for allocating these 

amounts across separate reporting 

offices. 

Current Actions: On July 16, 2009, the 

Federal Reserve published a notice in 

the Federal Register (74 FR 34577) 

requesting public comment for 60 days 

on the extension, without revision, of 

the FR 2900, FR 2910a, FR 2915, and FR 

2930 reports. The comment period for 

this notice expired on September 14, 

2009. The Federal Reserve did not 

receive any comments. 

5. Report title: Advanced Capital 

Adequacy Framework Information 

Collection. 

OMB Number: 7100–0313. 

Agency form number: FR 4200. 

Frequency of Response: Annually and 

quarterly. 

Affected Public: Banks and bank 

holding companies (BHCs). 

Estimated Number of Respondents: 

19. 

Estimated Time per Response: Written 

implementation plan 13,268 hours; 

prior written approvals 1,009 hours; and 

disclosures 36.25 hours. 

Estimated Total Annual Burden: 

113,793 hours. 

General Description of Report: This 

information collection is mandatory 

pursuant 12 U.S.C. 324 and 1844(c). The 

written implementation plan and prior 

approvals are given confidential 

treatment (5 U.S.C. 552(b)(8)). 

Abstract: On December 7, 2007, the 

Federal Reserve issued a final rule titled 

Risk-Based Capital Standards: 

Advanced Capital Adequacy Framework 

(final rule) implementing a new riskbased regulatory capital framework for 

institutions in the United States. The 

final rule requires certain large or 

internationally active banks and bank 

holding companies (BHCs) to (1) Adopt 

a written implementation plan, (2) 

update that plan for any mergers, (3) 

obtain prior written approvals for the 

use of certain approaches for 

determining risk-weighted assets, and 

(4) make certain public disclosures 

regarding their capital ratios, their 

components, and information on 

implicit support provided to a 

securitization. There are no required 

reporting forms associated with this 

information collection. 

Current Actions: On July 17, 2009, the 

Federal Reserve published a notice in 

the Federal Register (74 FR 34865) 

requesting public comment for 60 days 

on the extension, without revision, of 

the FR 4200. The comment period for 

this notice expired on September 15, 

2009. The Federal Reserve did not 

receive any comments. 

Final approval under OMB delegated 

authority of the implementation of the 

following reports: 

1. Report title: Supervisory and 

Regulatory Survey. 

Agency form number: FR 3052. 

OMB control number: 7100—to be 

assigned. 

Frequency: On occasion. 

Reporters: Financial businesses. 

Estimated annual reporting hours: 

60,000 hours. 

Estimated average time per response: 

30 minutes. 

Estimated number of respondents: 

5,000. 

General description of report: This 

information collection is authorized 

pursuant to the: Federal Reserve Act, 

sections 2A, 9, 12A, 25, and 25A (12 

U.S.C. §§ 225a, 324, 263, 602, and 625); 

Bank Holding Company Act, section 

5(c) (12 U.S.C. § 1844(c)); International 

Banking Act of 1978, section 7(c)(2) (12 

U.S.C. § 3105(c)(2)); and Federal Deposit 

Insurance Act, section 7(a) (12 U.S.C. 

§ 1817(a)). Generally, respondent 

participation is voluntary. However, 

with respect to collections of 

information from state member banks, 

bank holding companies (and their 

subsidiaries), Edge and agreement 

corporations, and U.S. branches and 

agencies of foreign banks supervised by 


jlentini on DSKJ8SOYB1PROD with NOTICES
Federal Register / Vol. 74, No. 185 / Friday, September 25, 2009 / Notices 48969 

the Federal Reserve, the Federal Reserve 

could make the surveys mandatory. The 

ability of the Federal Reserve to 

maintain the confidentiality of 

information provided by respondents to 

the FR 3052 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 subsections (b)(4), 

(b)(6), and (b)(8) of the Freedom of 

Information Act. 5 U.S.C. 552(b)(4), (6), 

and (8). 

Abstract: The supervision and policy 

functions of the Federal Reserve have 

occasional need to gather data on an adhoc basis from the banking and financial 

industries on their financial condition 

(outside of the standardized regulatory 

reporting process) to respond to changes 

in economic or other factors. Further, 

the data may relate to a particular 

business activity that requires a more 

detailed presentation of the information 

than is available through regulatory 

reports [such as the (FFIEC 031 and 

FFIEC 041; OMB No. 7100–0036) (FFIEC 

002; OMB No. 7100–0032) (FR 2886b; 

OMB No. 7100–0086), and (FR Y–9C; 

OMB No. 7100–0128)]. These data may 

be particularly needed in times of 

critical economic or regulatory changes 

or when issues of immediate 

supervisory concern arise from Federal 

Reserve supervisory initiatives and 

working groups or requests from Board 

Members and the Congress. The Federal 

Reserve would use this event-driven 

survey to obtain information specifically 

tailored to the Federal Reserve’s 

supervisory, regulatory, operational, and 

other responsibilities. The Federal 

Reserve proposes to conduct the FR 

3052 up to 24 times per year. The 

frequency and content of the questions 

would depend on changing economic, 

regulatory, or legislative developments. 

2. Report title: Consumer Protection 

Surveys. 

Agency form number: FR 3053. 

OMB control number: 7100—to be 

assigned. 

Frequency: On occasion. 

Reporters: Consumers, households, 

and financial and non-financial 

businesses. 

Estimated annual reporting hours: 

6,550 hours. 

Estimated average time per response: 

Consumer studies: Quantitative and 

general studies, 0.5 hours; financial 

institution consumers, .5 hours; 

qualitative studies, 1.5 hours; 

Financial institution study: Financial 

institution staff, 1.5 hours; and 

Stakeholder studies: stakeholder 

clientele, 0.5 hours; stakeholder staff, 

1.5 hours. 

Estimated number of respondents: 

Consumer studies: Quantitative and 

general studies, 2,000; financial 

institution consumers, 500; qualitative 

studies, 100; 

Financial institution study: Financial 

institution staff, 25; and 

Stakeholder studies: Stakeholder 

clientele, 500; stakeholder staff, 100. 

General description of report: This 

information collection is authorized 

pursuant to the: Home Mortgage Act, 

section 806 (12 U.S.C. 2804(a)); 

Community Reinvestment Act, section 

806 (12 U.S.C. 2905); Competitive 

Equality Banking Act, section 1204 (12 

U.S.C. 3806); Expedited Funds 

Availability Act, section 609 (12 U.S.C. 

4008); Truth in Saving Act, section 269 

(12 U.S.C. 4308); Federal Trade 

Commission Act, section 18(f) (15 

U.S.C. 57a(f)); Truth in Lending Act, 

section 105 (15 U.S.C. 1604); Mortgage 

Disclosure Improvement Act, sections 

2501 through 2503 of the Housing and 

Economic Recovery Act of 2008 (15 

U.S.C. 1638(b)(2)); Higher Education 

Opportunity Act of 2008, section 

1021(a) (15 U.S.C. 1638(e)(5)); 

Consumer Leasing Act of 1976, section 

1021(a)(15 U.S.C. 1667f); Fair Credit 

Reporting Act, section 621 (15 U.S.C. 

1681s(e)); Equal Credit Opportunity Act, 

section 703 (15 U.S.C. 1691b(a)); 

Electronic Funds Transfer Act, section 

904 (15 U.S.C. 1693b); Gramm-LeachBliley Act, section 504 (15 U.S.C. 6804); 

and Flood Disaster Protections Act of 

1973, section 102 (42 U.S.C. 4012a). 

Respondent participation in these 

surveys is voluntary. The ability of the 

Federal Reserve to maintain the 

confidentiality of information provided 

by respondents to the FR 3053 surveys 

will 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 the Freedom of 

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

(6). 

Abstract: The Federal Reserve would 

use this event-driven survey to obtain 

information specifically tailored to the 

Federal Reserve’s supervisory, 

regulatory, operational, informational, 

and other responsibilities. This survey 

would gather qualitative and 

quantitative information directly from: 

consumers (consumer studies), financial 

institutions and other financial 

companies offering consumer financial 

products and services (financial 

institution study), and other 

stakeholders, such as State or local 

agencies, community development 

organizations, brokers, appraisers, 

settlement agents, software vendors, and 

consumer groups (stakeholder studies). 

The Federal Reserve proposes to 

conduct the FR 3053 up to 20 times per 

year. The frequency and content of the 

questions would depend on changing 

economic, regulatory, or legislative 

developments. 

Current Actions: On July 16, 2009, the 

Federal Reserve published a notice in 

the Federal Register (74 FR 34577) 

requesting public comment for 60 days 

on the implementation of the FR 3052 

and FR 3053 Surveys. The comment 

period for this notice expired on 

September 14, 2009. The Federal 

Reserve did not receive any comments; 

the surveys will be implemented as 

proposed. 

Board of Governors of the Federal Reserve 

System, September 22, 2009. 

Jennifer J. Johnson, 

Secretary of the Board. 

[FR Doc. E9–23165 Filed 9–24–09; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL RESERVE SYSTEM 

Change in Bank Control Notices; 

Acquisition of Shares of Bank or Bank 

Holding Companies 

The notificants listed below have 

applied under the Change in Bank 

Control Act (12 U.S.C. 1817(j)) and 

§ 225.41 of the Board’s Regulation Y (12 

CFR 225.41) to acquire a bank or bank 

holding company. The factors that are 

considered in acting on the notices are 

set forth in paragraph 7 of the Act (12 

U.S.C. 1817(j)(7)). 

The notices are available for 

immediate inspection at the Federal 

Reserve Bank indicated. The notices 

also will be available for inspection at 

the office of the Board of Governors. 

Interested persons may express their 

views in writing to the Reserve Bank 

indicated for that notice or to the offices 

of the Board of Governors. Comments 

must be received not later than October 

13, 2009. 

A. Federal Reserve Bank of Atlanta 

(Steve Foley, Vice President) 1000 

Peachtree Street, N.E., Atlanta, Georgia 

30309: 

1. PCAP Managers, LLC; Parthenon 

Investors III, L.P.; PCAP Associates; J&R 

Advisors F.F., LLC; J&R Founders Fund 

II, L.P.; and PCAP–SNBT, LLC, all of 

Boston, Massachusetts; to acquire voting 

shares of Three Shores Bancorporation, 

Inc., and thereby indirectly acquire 

voting shares of Seaside National Bank 

& Trust, both of Orlando, Florida. 


jlentini on DSKJ8SOYB1PROD with NOTICES