Federal Register / Vol. 83, No. 153 / Wednesday, August 8, 2018 / Notices 39091 

reporting requirements and the 

reorganization of remaining 

requirements, which were not 

substantively changed. 

Federal Communications Commission. 

Marlene H. Dortch, 

Secretary, Office of the Secretary. 

[FR Doc. 2018–16895 Filed 8–7–18; 8:45 am] 

BILLING CODE 6712–01–P 

FEDERAL MARITIME COMMISSION 

Notice of Agreement Filed 

The Commission hereby gives notice 

of the filing of the following agreement 

under the Shipping Act of 1984. 

Interested parties may submit comments 

on the agreement to the Secretary by 

email at Secretary@fmc.gov, or by mail, 

Federal Maritime Commission, 

Washington, DC 20573, within twelve 

days of the date this notice appears in 

the Federal Register. A copy of the 

agreement is available through the 

Commission’s website (www.fmc.gov) or 

by contacting the Office of Agreements 

at (202)–523–5793 or tradeanalysis@

fmc.gov. 

Agreement No.: 201264. 

Agreement Name: Maersk/MSC 

Turkey Space Charter Agreement. 

Parties: Maersk Line A/S and 

Mediterranean Shipping Company S.A. 

Filing Party: Wayne Rohde, Cozen 

O’Connor. 

Synopsis: The Agreement authorizes 

Maersk to charter space to MSC in the 

trade from Turkey to the U.S. East Coast. 

Proposed Effective Date: 9/10/2018. 

Location: https://www2.fmc.gov/ 

FMC.Agreements.Web/Public/ 

AgreementHistory/15239. 

Dated: August 3, 2018. 

Rachel Dickon, 

Secretary. 

[FR Doc. 2018–16981 Filed 8–7–18; 8:45 am] 

BILLING CODE 6731–AA–P 

FEDERAL RESERVE SYSTEM 

Agency Information Collection 

Activities: Announcement of Board 

Approval Under Delegated Authority 

and Submission to OMB 

AGENCY: Board of Governors of the 

Federal Reserve System. 

ACTION: Notice. 

SUMMARY: The Board of Governors of the 

Federal Reserve System (Board) is 

adopting a proposal to extend for three 

years, with revision, the Financial 

Statements of U.S. Nonbank 

Subsidiaries of U.S. Holding 

Companies, and the Abbreviated 

Financial Statements of U.S. Nonbank 

Subsidiaries of U.S. Holding Companies 

(FR Y–11 and FR Y–11S; OMB No. 

7100–0244); the Financial Statements of 

Foreign Subsidiaries of U.S. Banking 

Organizations and the Abbreviated 

Financial Statements of Foreign 

Subsidiaries of U.S. Banking 

Organizations (FR 2314 and FR 2314S; 

OMB No. 7100–0073); and the Financial 

Statements of U.S. Nonbank 

Subsidiaries Held by Foreign Banking 

Organizations, Abbreviated Financial 

Statements of U.S. Nonbank 

Subsidiaries Held by Foreign Banking 

Organizations, and the Capital and 

Asset Report of Foreign Banking 

Organizations (FR Y–7N, FR Y–7NS, 

and FR Y–Q; OMB No. 7100–0125). 

DATES: The revisions became effective 

for reports reflecting the June 30, 2018, 

report date. 

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 

Paperwork Reduction Act submission, 

supporting statements and approved 

collection of information instrument(s) 

are placed into OMB’s public docket 

files. The Board 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, of the Following Reports: 

1. Report title: Financial Statements of 

U.S. Nonbank Subsidiaries of U.S. 

Holding Companies and the 

Abbreviated Financial Statements of 

U.S. Nonbank Subsidiaries of U.S. 

Holding Companies. 

Agency form number: FR Y–11 and 

FR Y–11S. 

OMB control number: 7100–0244. 

Frequency: Quarterly and annually. 

Reporters: Domestic bank holding 

companies (BHCs), savings and loan 

holding companies (SLHCs), securities 

holding companies, and intermediate 

holding companies (IHCs) (collectively, 

‘‘holding companies’’). 

Estimated annual reporting hours: FR 

Y–11 (quarterly): 12,539; FR Y–11 

(annual): 1,299; FR Y–11S: 287. 

Estimated average hours per response: 

FR Y–11 (quarterly): 6.8; FR Y–11 

(annual): 6.8; FR Y–11S: 1. 

Number of respondents: FR Y–11 

(quarterly): 461; FR Y–11 (annual): 191; 

FR Y–11S: 287. 

General Description of Report: The FR 

Y–11 family of reports collects financial 

information for individual U.S. nonbank 

subsidiaries of domestic holding 

companies, which is essential for 

monitoring the subsidiaries’ potential 

impact on the condition of the holding 

company or its subsidiary banks. 

Holding companies file the FR Y–11 on 

a quarterly or annual basis or the FR Y– 

11S on an annual basis, predominantly 

based on whether the organization 

meets certain asset size thresholds. 

Legal authorization and 

confidentiality: The Board has the 

authority to require BHCs and any 

subsidiary thereof, SLHCs and any 

subsidiary thereof, and securities 

holding companies and any affiliate 

thereof to file the FR Y–11 pursuant to, 

respectively, section 5(c) of the Bank 

Holding Company Act (BHC Act) (12 

U.S.C. 1844(c)), section 10(b) of the 

Homeowners’ Loan Act (12 U.S.C. 

1467a(b)), and section 618 of the DoddFrank Wall Street Reform and Consumer 

Protection Act (Dodd-Frank Act) (12 

U.S.C. 1850a). With respect to foreign 

banking organizations (FBOs) and their 

subsidiary IHCs, section 5(c) of the BHC 

Act, in conjunction with section 8 of the 

International Banking Act (12 U.S.C. 

3106), authorizes the board to require 

FBOs and any subsidiary thereof to file 

the FR Y–11 reports. These reports are 

mandatory. 

Information collected in these reports 

generally is not considered confidential. 

However, because the information is 

collected as part of the Board’s 


sradovich on DSK3GMQ082PROD with NOTICES
39092 Federal Register / Vol. 83, No. 153 / Wednesday, August 8, 2018 / Notices 

supervisory process, certain information 

may be afforded confidential treatment 

pursuant to exemption 8 of the Freedom 

of Information Act (FOIA) (5 U.S.C. 

552(b)(8)). Individual respondents may 

request that certain data be afforded 

confidential treatment pursuant to 

exemption 4 of the FOIA if the data has 

not previously been publically disclosed 

and the release of the data would likely 

cause substantial harm to the 

competitive position of the respondent 

(5 U.S.C. 552(b)(4)). Additionally, 

individual respondents may request that 

personally identifiable information be 

afforded confidential treatment 

pursuant to exemption 6 of the FOIA if 

the release of the information would 

constitute a clearly unwarranted 

invasion of personal privacy (5 U.S.C. 

552(b)(6)). The applicability of FOIA 

exemptions 4 and 6 would be 

determined on a case-by-case basis. 

2. Report title: Financial Statements of 

Foreign Subsidiaries of U.S. Banking 

Organizations and the Abbreviated 

Financial Statements of Foreign 

Subsidiaries of U.S. Banking 

Organizations. 

Agency form number: FR 2314 and FR 

2314S. 

OMB control number: 7100–0073. 

Frequency: Quarterly and annually. 

Reporters: U.S. state member banks 

(SMBs), BHCs, SLHCs, IHCs, and Edge 

or agreement corporations. 

Estimated annual reporting hours: FR 

2314 (quarterly): 12,514; FR 2314 

(annual): 1,485; FR 2314S: 297. 

Estimated average hours per response: 

FR 2314 (quarterly): 6.8; FR 2314 

(annual): 6.8; FR 2314S: 1. 

Number of respondents: FR 2314 

(quarterly): 474; FR 2314 (annual): 225; 

FR 2314S: 297. 

General Description of Report: The FR 

2314 family of reports is the only source 

of comprehensive and systematic data 

on the assets, liabilities, and earnings of 

the foreign nonbank subsidiaries of U.S. 

banking organizations, and the data are 

used to monitor the growth, 

profitability, and activities of these 

foreign companies. The data help the 

Federal Reserve identify present and 

potential problems of these companies, 

monitor their activities in specific 

countries, and develop a better 

understanding of activities within the 

industry and within specific 

institutions. Parent organizations 

(SMBs, Edge and agreement 

corporations, or holding companies) file 

the FR 2314 on a quarterly or annual 

basis, or the FR 2314S on an annual 

basis, predominantly based on whether 

the organization meets certain asset size 

thresholds. 

Legal authorization and 

confidentiality: The Board has the 

authority to require BHCs and any 

subsidiary thereof, SLHCs and any 

subsidiary thereof, and securities 

holding companies and any affiliate 

thereof to file the FR 2314 pursuant to, 

respectively, section 5(c) of the BHC Act 

(12 U.S.C. 1844(c)), section 10(b) of the 

Homeowners’ Loan Act (12 U.S.C. 

1467a(b)), and section 618 of the DoddFrank Act (12 U.S.C. 1850a). The Board 

has the authority to require SMBs, 

agreement corporations, and Edge 

corporations to file the FR 2314 

pursuant to, respectively, sections 9(6), 

25(7), and 25A(17) of the Federal 

Reserve Act (12 U.S.C. 324, 602, and 

625). With respect to FBOs and their 

subsidiary IHCs, section 5(c) of the BHC 

Act, in conjunction with section 8 of the 

International Banking Act (12 U.S.C. 

3106), authorizes the board to require 

FBOs and any subsidiary thereof to file 

the FR 2314 reports. These reports are 

mandatory. Information collected in 

these reports generally is not considered 

confidential. However, because the 

information is collected as part of the 

Board’s supervisory process, certain 

information may be afforded 

confidential treatment pursuant to 

exemption 8 of the FOIA (5 U.S.C. 

552(b)(8)). Individual respondents may 

request that certain data be afforded 

confidential treatment pursuant to 

exemption 4 of the FOIA if the data has 

not previously been publically disclosed 

and the release of the data would likely 

cause substantial harm to the 

competitive position of the respondent 

(5 U.S.C. 552(b)(4)). Additionally, 

individual respondents may request that 

personally identifiable information be 

afforded confidential treatment 

pursuant to exemption 6 of the FOIA if 

the release of the information would 

constitute a clearly unwarranted 

invasion of personal privacy (5 U.S.C. 

552(b)(6)). The applicability of FOIA 

exemptions 4 and 6 would be 

determined on a case-by-case basis. 

3. Report title: The Financial 

Statements of U.S. Nonbank 

Subsidiaries Held by Foreign Banking 

Organizations, Abbreviated Financial 

Statements of U.S. Nonbank 

Subsidiaries Held by Foreign Banking 

Organizations, and the Capital and 

Asset Report of Foreign Banking 

Organizations. 

Agency form number: FR Y–7N, FR 

Y–7NS, and FR Y–7Q. 

OMB control number: 7100–0125. 

Frequency: Quarterly and annually. 

Reporters: FBOs. 

Estimated annual reporting hours: FR 

Y–7N (quarterly): 1,224; FR Y–7N 

(annual): 156; FR Y–7NS: 31; FR Y–7Q 

(quarterly): 1,632; FR Y–7Q (annual): 48. 

Estimated average hours per response: 

FR Y–7N (quarterly): 6.8; FR Y–7N 

(annual): 6.8; FR Y–7NS: 1; FR Y–7Q 

(quarterly): 3; FR Y–7Q (annual): 1.5. 

Number of respondents: FR Y–7N 

(quarterly): 45; FR Y–7N (annual): 23 FR 

Y–7NS: 31; FR Y–7Q (quarterly): 136; 

FR Y–7Q (annual): 32. 

General Description of Report: The FR 

Y–7N and the FR Y–7NS are used to 

assess an FBO’s ability to be a 

continuing source of strength to its U.S. 

operations and to determine compliance 

with U.S. laws and regulations. FBOs 

file the FR Y–7N quarterly or annually 

or the FR Y–7NS annually 

predominantly based on asset size 

thresholds. The FR Y–7Q is used to 

assess consolidated regulatory capital 

and asset information from all FBOs. 

The FR Y–7Q is filed quarterly by FBOs 

that have effectively elected to become 

or be treated as a U.S. financial holding 

company (FHC) and by FBOs that have 

total consolidated assets of $50 billion 

or more, regardless of FHC status. All 

other FBOs file the FR Y–7Q annually. 

Legal authorization and 

confidentiality: With respect to FBOs 

and their subsidiary IHCs, section 5(c) 

of the BHC Act, in conjunction with 

section 8 of the International Banking 

Act (12 U.S.C. 3106), authorizes the 

board to require FBOs and any 

subsidiary thereof to file the FR Y–7N 

reports, and the FR Y–7Q. 

Information collected in these reports 

generally is not considered confidential. 

However, because the information is 

collected as part of the Board’s 

supervisory process, certain information 

may be afforded confidential treatment 

pursuant to exemption 8 of FOIA (5 

U.S.C. 552(b)(8)). Individual 

respondents may request that certain 

data be afforded confidential treatment 

pursuant to exemption 4 of the FOIA if 

the data has not previously been 

publically disclosed and the release of 

the data would likely cause substantial 

harm to the competitive position of the 

respondent (5 U.S.C. 552(b)(4)). 

Additionally, individual respondents 

may request that personally identifiable 

information be afforded confidential 

treatment pursuant to exemption 6 of 

the FOIA if the release of the 

information would constitute a clearly 

unwarranted invasion of personal 

privacy (5 U.S.C. 552(b)(6)). The 

applicability of FOIA exemptions 4 and 

6 would be determined on a case-bycase basis. 

Current actions: On May 1, 2018, the 

Board published an initial notice in the 

Federal Register (83 FR 19062) 

requesting public comment for 60 days 


sradovich on DSK3GMQ082PROD with NOTICES
Federal Register / Vol. 83, No. 153 / Wednesday, August 8, 2018 / Notices 39093 

1See 83 FR 12395 (March 21, 2018). 

2See 83 FR 939 (January 08, 2018). 

on the extension, with revision, of these 

reports. The Board is adopting revisions 

to the FR Y–11, FR 2314, and FR Y–7N 

report forms and instructions that are 

consistent with certain recent changes 

to the FR Y–9 family of reports (OMB 

No. 7100–0128)1 and the Federal 

Financial Institutions Examination 

Council (FFIEC) Consolidated Reports of 

Condition and Income (Call Reports) 

(FFIEC 031, 041, and 051; OMB No. 

7100–0036).2 Specifically, the changes 

(1) add a new data item to the balance 

sheet to separate and reclassify equity 

securities with readily determinable fair 

values not held for trading from the 

‘‘available for sale’’ category in 

accordance with Financial Accounting 

Standards Board’s (FASB) Accounting 

Standards Update (ASU) No. 2016–01, 

‘‘Recognition and Measurement of 

Financial Assets and Financial 

Liabilities;’’ and (2) add new data items 

to the income statement to reflect the 

proper reporting of income associated 

with these securities. These revisions 

are effective for reports reflecting the 

June 30, 2018, report date. The comment 

period for this notice expired on July 2, 

2018, and the Board did not receive any 

comments. 

Board of Governors of the Federal Reserve 

System, August 2, 2018. 

Michele Taylor Fennell, 

Assistant Secretary of the Board. 

[FR Doc. 2018–16916 Filed 8–7–18; 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 

AGENCY: 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, without revision, the Senior 

Financial Officer Survey (FR 2023; OMB 

No. 7100–0223). 

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 

Paperwork Reduction Act submission, 

supporting statements and approved 

collection of information instrument(s) 

are placed into OMB’s public docket 

files. The Board 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, Without Revision, of the 

Following Report 

Report title: Senior Financial Officer 

Survey. 

Agency form number: FR 2023. 

OMB control number: 7100–0223. 

Frequency: Up to four times a year. 

Respondents: Domestically chartered 

large commercial banks. 

Estimated number of respondents: 80. 

Estimated average hours per response: 

3 hours. 

Estimated annual burden hours: 960 

hours. 

General description of report: The 

Board uses the surveys in this collection 

to gather qualitative and limited 

quantitative information about liability 

management, the provision of financial 

services, and the functioning of key 

financial markets. Responses are 

obtained from a senior officer at each 

participating institution usually through 

an electronic submission. Although a 

survey may not be collected in a given 

year, the Board may conduct up to four 

surveys per year when informational 

needs arise and cannot be met from 

existing data sources. The survey does 

not have a fixed set of questions; each 

survey consists of a limited number of 

questions directed at topics of timely 

interest. 

Legal authorization and 

confidentiality: The FR 2023 is a 

voluntary survey. Section 2A of the 

Federal Reserve Act (FRA) requires that 

the Board and the Federal Open Market 

Committee (FOMC) maintain long-run 

growth of the monetary and credit 

aggregates commensurate with the 

economy’s long run potential to increase 

production, so as to promote effectively 

the goals of maximum employment, 

stable prices, and moderate long-term 

interest rates (12 U.S.C. 225a). In 

addition, under section 12A of the FRA, 

the FOMC is required to implement 

regulations relating to the open market 

operations conducted by Federal 

Reserve Banks. Those transactions must 

be governed with a view to 

accommodating commerce and business 

and with regard to their bearing upon 

the general credit situation of the 

country (12 U.S.C. 263). The Board and 

the FOMC use the information obtained 

from the FR 2023 to help fulfill these 

obligations. 

The questions asked on each survey 

will vary, so the ability of the Board to 

maintain the confidentiality of 

information collected must be 

determined on a case by case basis. It is 

likely that much of the information 

collected would constitute confidential 

financial information obtained from a 

person and would thus be protected 

from disclosure under exemption 4 to 

the Freedom of Information Act (FOIA) 

(5 U.S.C. 552(b)(4)). Exemption 8 of the 

FOIA, which protects information 

related to examination, operating, or 

condition reports prepared for the use of 

an agency supervising financial 

institutions, may also occasionally 

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

Current actions: On May 15, 2018, the 

Board published a notice in the Federal 

Register (83 FR 22488) requesting 

public comment for 60 days on the 

extension, without revision, of the 

Board’s clearance for the Senior 

Financial Officer Survey. The comment 

period for this notice expired on July 16, 

2018. The Board did not receive any 

comments. 

Board of Governors of the Federal Reserve 

System, August, 2, 2018. 

Michele Taylor Fennell, 

Assistant Secretary of the Board. 

[FR Doc. 2018–16918 Filed 8–7–18; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL RESERVE SYSTEM 

Proposed Agency Information 

Collection Activities; Comment 

Request 

AGENCY: Board of Governors of the 

Federal Reserve System. 


sradovich on DSK3GMQ082PROD with NOTICES