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
39094 Federal Register / Vol. 83, No. 153 / Wednesday, August 8, 2018 / Notices 

ACTION: Notice, request for comment. 

SUMMARY: The Board of Governors of the 

Federal Reserve System (Board) invites 

comment on a proposal to revise, 

without extension, Capital Assessments 

and Stress Testing (FR Y–14A/Q/M; 

OMB No. 7100–0341). 

DATES: Comments must be submitted on 

or before October 9, 2018. 

ADDRESSES: You may submit comments, 

identified by FR Y–14A, FR Y–14Q, or 

FR Y–14M, by any of the following 

methods: 

• Agency website: http://

www.federalreserve.gov. Follow the 

instructions for submitting comments at 

http://www.federalreserve.gov/apps/ 

foia/proposedregs.aspx. 

• Email: regs.comments@

federalreserve.gov. Include OMB 

number in the subject line of the 

message. 

• FAX: (202) 452–3819 or (202) 452– 

3102. 

• Mail: Ann E. Misback, 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 website at http://

www.federalreserve.gov/apps/foia/ 

proposedregs.aspx 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 3515, 1801 K Street 

NW (between 18th and 19th Streets 

NW), Washington, DC 20006 between 

9:00 a.m. and 5:00 p.m. on weekdays. 

For security reasons, the Board requires 

that visitors make an appointment to 

inspect comments. You may do so by 

calling (202) 452–3684. Upon arrival, 

visitors will be required to present valid 

government-issued photo identification 

and to submit to security screening in 

order to inspect and photocopy 

comments. 

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, if 

approved. These documents will also be 

made available on the Federal Reserve 

Board’s public website at: http://

www.federalreserve.gov/apps/ 

reportforms/review.aspx or may be 

requested from the agency clearance 

officer, whose name appears below. 

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. 

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 and 

assign OMB control numbers to 

collection of information requests and 

requirements conducted or sponsored 

by the Board. In exercising this 

delegated authority, the Board is 

directed to take every reasonable step to 

solicit comment. In determining 

whether to approve a collection of 

information, the Board will consider all 

comments received from the public and 

other agencies. 

Request for Comment on Information 

Collection Proposal 

The Board invites public comment on 

the following information collection, 

which is being reviewed under 

authority delegated by the OMB under 

the PRA. Comments are invited on the 

following: 

a. Whether the proposed collection of 

information is necessary for the proper 

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 startup costs 

and costs of operation, maintenance, 

and purchase of services to provide 

information. 

At the end of the comment period, the 

comments and recommendations 

received will be analyzed to determine 

the extent to which the Federal Reserve 

should modify the proposal. 

Proposal To Approve Under OMB 

Delegated Authority the Revision, 

Without Extension, of the Following 

Report 

Report title: Capital Assessments and 

Stress Testing. 

Agency form number: FR Y–14A/Q/M. 

OMB control number: 7100–0341. 

Frequency: Annually, semi-annually, 

quarterly, and monthly. 

Respondents: The respondent panel 

consists of any top-tier bank holding 

company (BHC) that has $100 billion or 

more in total consolidated assets, as 

determined based on: (i) The average of 

the firm’s total consolidated assets in 

the four most recent quarters as reported 

quarterly on the firm’s FR Y–9C; or (ii) 

the average of the firm’s total 

consolidated assets in the most recent 

consecutive quarters as reported 

quarterly on the firm’s FR Y–9Cs, if the 

firm has not filed an FR Y–9C for each 

of the most recent four quarters. The 

respondent panel also consists of any 

U.S. intermediate holding company 

(IHC). Reporting is required as of the 

first day of the quarter immediately 

following the quarter in which the 

respondent meets this asset threshold, 

unless otherwise directed by the Board. 

Number of respondents: 36. 

Estimated annual reporting hours: FR 

Y–14A: Summary, 63,864 hours; Macro 

Scenario, 2,232 hours; Operational Risk, 

648 hours; Regulatory Capital 

Instruments, 756 hours; Business Plan 

Changes, 576 hours; and Adjusted 

Capital Plan Submission, 500 hours. FR 

Y–14Q: Retail, 2,160 hours; Securities, 

1,872 hours; Pre-Provision Net Revenue 

(PPNR), 102,385 hours; Wholesale, 

21,744 hours; Trading, 92,448 hours; 

Regulatory Capital Transitions, 3,312 

hours; Regulatory Capital Instruments, 

7,776 hours; Operational risk, 7,200 

hours; Mortgage Servicing Rights (MSR) 

Valuation, 1,380 hours; Supplemental, 

576 hours; Retail Fair Value Option/ 

Held for Sale (Retail FVO/HFS), 1,500 

hours; Counterparty, 24,672 hours; and 

Balances, 2,304 hours. FR Y–14M: 1st 

Lien Mortgage, 210,528 hours; Home 

Equity, 173,376 hours; and Credit Card, 

86,016 hours. FR Y–14 On-going 

Automation Revisions, 17,280 hours. FR 

Y–14 Attestation On-going Audit and 

Review, 33,280 hours. 

Estimated average hours per response: 

FR Y–14A: Summary, 887 hours; Macro 

Scenario, 31 hours; Operational Risk, 18 

hours; Regulatory Capital Instruments, 

21 hours; Business Plan Changes, 16 

hours; and Adjusted Capital Plan 

Submission, 100 hours. FR Y–14Q: 

Retail, 15 hours; Securities, 13 hours; 

PPNR, 711 hours; Wholesale, 151 hours; 

Trading, 1,926 hours; Regulatory Capital 


sradovich on DSK3GMQ082PROD with NOTICES
Federal Register / Vol. 83, No. 153 / Wednesday, August 8, 2018 / Notices 39095 

Transitions, 23 hours; Regulatory 

Capital Instruments, 54 hours; 

Operational Risk, 50 hours; MSR 

Valuation, 23 hours; Supplemental, 4 

hours; Retail FVO/HFS, 15 hours; 

Counterparty, 514 hours; and Balances, 

16 hours. FR Y–14M: 1st Lien Mortgage, 

516 hours; Home Equity, 516 hours; and 

Credit Card, 512 hours. FR Y–14 Ongoing Automation Revisions, 480 hours. 

FR Y–14 Attestation On-going Audit 

and Review, 2,560 hours. 

General description of report: These 

collections of information are applicable 

to top-tier BHCs with total consolidated 

assets of $100 billion or more and U.S. 

IHCs. This family of information 

collections is composed of the following 

three reports: 

• The FR Y–14A collects 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 

either annually or semi-annually. 

• The quarterly FR Y–14Q collects 

granular data on various asset classes, 

including loans, securities, and trading 

assets, and PPNR for the reporting 

period. 

• The monthly FR Y–14M is 

comprised of three retail portfolio- and 

loan-level schedules, and one detailed 

address-matching schedule to 

supplement two of the portfolio and 

loan-level schedules. 

The data collected through the FR 

Y–14A/Q/M reports provide the Board 

with the information and perspective 

needed to help ensure that large firms 

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 

annual Comprehensive Capital Analysis 

and Review (CCAR) exercise 

complements other Board supervisory 

efforts aimed at enhancing the 

continued viability of large firms, 

including continuous monitoring of 

firms’ planning and management of 

liquidity and funding resources, as well 

as 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. To fully 

evaluate the data submissions, the 

Board may conduct follow-up 

discussions with, or request responses 

to follow up questions from, 

respondents. Respondent firms are 

currently required to complete and 

submit up to 18 filings each year: two 

semi-annual FR Y–14A filings, four 

quarterly FR Y–14Q filings, and 12 

monthly FR Y–14M filings. Compliance 

with the information collection is 

mandatory. 

Proposed revisions: In December 

2017, the Board approved modifications 

to the FR Y–14 series of reports and a 

notice was published in the Federal 

Register (December 15, 2017; 82 FR 

59608). The proposal modified the FR 

Y–14Q, Schedule L (Counterparty) 

effective as of the March 31, 2018, 

report date. These changes included 

simplifying the ranking methodology 

required for reporting positions and 

combining the previously separate 

collections of counterparties as ranked 

by derivatives and securities financing 

transactions (SFTs), respectively. 

Following the finalization and adoption 

of these proposed changes, the Board 

became aware of unintended omissions 

from the report forms and instructions 

for the FR Y–14Q. The omitted items 

required respondents to report their 

total stressed net current exposure 

under the two supervisory stressed 

scenarios. 

To rectify the unintended changes, 

the Board is proposing to revise subschedule L.5 (Derivatives and SFT 

Profile) on the FR Y–14Q by adding the 

mistakenly omitted items. This 

modification would allow continued 

operationalization of supervisory 

modeling, and would provide for total 

stressed net current exposure reporting 

under the two supervisory stressed 

scenarios. 

With the addition of the total stressed 

net current exposure item, the 

instructions would be changed to 

modify the associated ranking 

methodologies for the yearly stressed/ 

CCAR submission in sub-schedule L.5 

to require the top 25 counterparties to 

be reported as ranked by the total 

stressed net current exposure. This 

modification would ensure that top 

counterparties are properly rankordered by the total stressed net current 

exposure to be added on sub-schedule 

L.5 in a manner that captures both 

derivative and securities financing 

transaction exposures. 

The proposed revisions do not result 

in a change to the estimated burden for 

this series of reports, as the burden from 

the proposed revisions is already 

captured in the burden estimates 

associated with the FR Y–14Q report. 

Board of Governors of the Federal Reserve 

System, August 2, 2018. 

Michele Taylor Fennell, 

Assistant Secretary of the Board. 

[FR Doc. 2018–16917 Filed 8–7–18; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL TRADE COMMISSION 

Privacy Act of 1974; System of 

Records 

AGENCY: Federal Trade Commission 

(FTC). 

ACTION: Notice of modified systems of 

records. 

SUMMARY: The FTC is publishing in final 

form a modification to all FTC Privacy 

Act system of records notices (SORNs) 

by amending and bifurcating an existing 

global routine use relating to assistance 

in data breach responses, to conform 

with Office of Management and Budget 

(OMB) guidance to federal agencies, 

OMB Memorandum 17–12. 

DATES: August 8, 2018, except that the 

new routine use shall be effective 

September 7, 2018. 

FOR FURTHER INFORMATION CONTACT: G. 

Richard Gold and Alex Tang, Attorneys, 

Office of the General Counsel, FTC, 600 

Pennsylvania Avenue NW, Washington, 

DC 20580, (202) 326–2424. 

SUPPLEMENTARY INFORMATION: In a 

document previously published in the 

Federal Register, 83 FR 19560 (May 3, 

2018), the Federal Trade Commission, 

as required by the Privacy Act, sought 

comments on a proposal to modify and 

bifurcate an existing routine use relating 

to assistance in data breach responses, 

which is applicable to all Federal Trade 

Commission SORNs, to conform with 

OMB Memorandum M–17–12, 

Preparing for and Responding to a 

Breach of Personally Identifiable 

Information (January 3, 2017). See 5 

U.S.C. 552a(e)(4) and (11). 

The comment period closed on June 

4, 2018, and the FTC received three 

comments to the proposal to modify and 

bifurcate an existing routine use relating 

to assistance in data breach responses. 

The commenters were Xyampza Kerz, 

Thomas Dickinson, and Dave Root. 

Xyampza Kerz’s comment expressed 

concerns about the privacy of 

homeowner’s personal information 

posted on the Web when they buy a 

home and about internet searches that 

allow a searcher to find out your age 

and possibly lead to discrimination. M/ 

M. Kerz also complains about the 

practices of an online entity and asks 

that the entity be shut down. These are 

important privacy issues but are not 


sradovich on DSK3GMQ082PROD with NOTICES