46162 Federal Register / Vol. 83, No. 177 / Wednesday, September 12, 2018 / Notices 

FEDERAL RESERVE SYSTEM 

Agency Information Collection 

Activities: Announcement of Board 

Approval Under Delegated Authority 

AGENCY: Board of Governors of the 

Federal Reserve System. 

SUMMARY: Notice is hereby given of 

temporary approval of revisions to the 

mandatory Consolidated Financial 

Statements for Holding Companies (FR 

Y–9C; OMB No. 7100–0128) by the 

Board of Governors of the Federal 

Reserve System (Board) pursuant to the 

authority delegated to the Board by the 

Office of Management and Budget 

(OMB), per OMB Regulations on 

Controlling Paperwork Burdens on the 

Public. The temporary approval is valid 

until March 31, 2019. 

DATES: The revisions are applicable as of 

June 30, 2018. 

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 OMB delegated to the 

Board authority under the Paperwork 

Reduction Act (PRA) to temporarily 

approve a revision to a collection of 

information without providing 

opportunity for public comment if the 

Board determines that a change in an 

existing collection must be instituted 

quickly and that public participation in 

the approval process would defeat the 

purpose of the collection or 

substantially interfere with the Board’s 

ability to perform its statutory 

obligation. 

The Board’s delegated authority 

requires that the Board, after 

temporarily approving a collection, 

publish a notice soliciting public 

comment. The Board will publish a 

notice in the future inviting comment 

on these actions. 

Final approval under OMB delegated 

authority of the temporary revision of 

the following reports: 

Report title: 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. 

Effective Date: June 30, 2018. 

Frequency: Quarterly and 

semiannually. 

Respondents: Bank holding 

companies, savings and loan holding 

companies, securities holding 

companies, and U.S. intermediate 

holding companies (collectively, 

holding companies (HCs)). 

Estimated number of respondents: FR 

Y–9C (non-advanced approaches 

holding companies): 638; FR Y–9C 

(advanced approaches holding 

companies): 18; FR Y–9LP: 775; FR 

Y–9SP: 3,837 FR Y–9ES: 82; FR Y–9CS: 

236. 

Estimated average hours per response: 

FR Y–9C (non-advanced approaches 

holding companies): 46.29 hours; FR 

Y–9C (advanced approaches holding 

companies HCs): 47.54 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. 

Estimated annual burden hours: FR 

Y–9C (non-advanced approaches 

holding companies): 118,132 hours; FR 

Y–9C (advanced approaches holding 

companies): 3,423 hours; FR Y–9LP: 

16,337 hours; FR Y–9SP: 41,440 hours; 

FR Y–9ES: 41 hours; FR Y–9CS: 472 

hours. 

General description of report: The FR 

Y–9 family of reporting forms continues 

to be the primary source of financial 

data on HCs that examiners rely on 

between on-site inspections. Financial 

data from these reporting forms is used 

to detect emerging financial problems, 

review performance, conduct preinspection analysis, monitor and 

evaluate capital adequacy, evaluate HC 

mergers and acquisitions, and analyze 

an HC’s overall financial condition to 

ensure the safety and soundness of its 

operations. The FR Y–9C, FR Y–9LP, 

and FR Y–9SP serve as standardized 

financial statements for the consolidated 

holding company. The Board requires 

HCs to provide standardized financial 

statements to fulfill the Board’s 

statutory obligation to supervise these 

organizations. The FR Y–9ES is a 

financial statement for HCs that are 

Employee Stock Ownership Plans. The 

Board uses the FR Y–9CS (a free-form 

supplement) to collect additional 

information deemed to be critical and 

needed in an expedited manner. HCs 

file the FRY–9C on a quarterly basis, the 

FR Y–9LP quarterly, 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. 

Legal Authorization and 

confidentiality: The FR Y–9 family of 

reports is authorized by section 5(c) of 

the Bank Holding Company Act (12 

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

Owners’ Loan Act (12 U.S.C. 1467a(b)) 

and section 618 of the Dodd-Frank Wall 

Street Reform and Consumer Protection 

Act (Dodd-Frank Act) (12 U.S.C. 

1850a(c)(1)), and section 165 of the 

Dodd-Frank Act (12 U.S.C. 5365). The 

obligation of covered institutions to 

report this information is mandatory. 

With respect to FR Y–9LP, FR Y–9SP, 

FR Y–ES, and FR Y–9CS, the 

information collected would generally 

not be accorded confidential treatment. 

If confidential treatment is requested by 

a respondent, the Board will review the 

request to determine if confidential 

treatment is appropriate. 

With respect to FR Y–9C, Schedule 

HI’s item 7(g) ‘‘FDIC deposit insurance 

assessments,’’ Schedule HC–P’s item 

7(a) ‘‘Representation and warranty 

reserves for 1–4 family residential 

mortgage loans sold to U.S. government 

agencies and government sponsored 

agencies,’’ and Schedule HC–P’s item 

7(b) ‘‘Representation and warranty 

reserves for 1–4 family residential 

mortgage loans sold to other parties’’ are 

considered confidential. Such treatment 

is appropriate because the data is not 

publicly available and the public release 

of this data is likely to impair the 

Board’s ability to collect necessary 

information in the future and could 

cause substantial harm to the 

competitive position of the respondent. 

Thus, this information may be kept 

confidential under exemptions (b)(4) of 

the Freedom of Information Act, which 

exempts from disclosure ‘‘trade secrets 

and commercial or financial information 

obtained from a person and privileged 

or confidential’’ (5 U.S.C. 552(b)(4)), and 

(b)(8) of the Freedom of Information 

Act, which exempts from disclosure 

information related to examination, 

operating, or condition reports prepared 

by, on behalf of, or for the use of an 

agency responsible for the regulation or 

supervision of financial institutions (5 

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

Current Actions: The Economic 

Growth, Regulatory Relief, and 

Consumer Protection Action 

(EGRRCPA), enacted on May 24, 2018, 

amended various provisions of banking 

law to eliminate or reduce statutory and 

regulatory requirements on certain 

banking organizations. EGRRCPA, 

among other things, provides that state 

member banks and other depository 

institutions may only be required to 

assign a heightened risk weight to a 

‘‘high volatility commercial real estate’’ 

(HVCRE) exposure if such exposure is 


daltland on DSKBBV9HB2PROD with NOTICES
Federal Register / Vol. 83, No. 177 / Wednesday, September 12, 2018 / Notices 46163 

an ‘‘HVCRE ADC Loan,’’ as defined in 

section 214 of EGRRCPA. Section 202 of 

EGRRCPA also amended the statutory 

definition of ‘‘brokered deposits.’’ The 

current instructions for reporting 

HVCRE and brokered deposits in the FR 

Y–9C are inconsistent with these 

provisions of EGRRCPA. 

In order to avoid the regulatory 

burden associated with different 

definitions for HVCRE exposures and 

brokered deposits within a single 

organization, the Board has amended 

the FR Y–9C instructions to permit bank 

holding companies, savings and loan 

holding companies, and intermediate 

holding companies of foreign banks to 

report HVCRE and brokered deposits on 

the FR Y–9C report in a manner 

consistent with their subsidiary 

depository institution(s). 

In order for the FR Y–9C to reflect 

sections 202 and 214 of EGRRCPA, 

which became effective immediately 

when EGRRCPA was signed on May 24, 

2018, the Board cannot comply with the 

normal clearance process and still 

receive the June 30, 2018, financial data 

in a timely manner. Therefore, the 

Board has determined that the revisions 

to the FR Y–9C described above must be 

instituted quickly and public 

participation in the approval process 

would substantially interfere with the 

Board’s ability to perform its statutory 

obligations arising from EGRRCPA. 

Board of Governors of the Federal Reserve 

System, September 6, 2018. 

Michele Taylor Fennell, 

Assistant Secretary of the Board. 

[FR Doc. 2018–19676 Filed 9–11–18; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL RESERVE SYSTEM 

Formations of, Acquisitions by, and 

Mergers of Bank Holding Companies 

The companies listed in this notice 

have applied to the Board for approval, 

pursuant to the Bank Holding Company 

Act of 1956 (12 U.S.C. 1841 et seq.) 

(BHC Act), Regulation Y (12 CFR part 

225), and all other applicable statutes 

and regulations to become a bank 

holding company and/or to acquire the 

assets or the ownership of, control of, or 

the power to vote shares of a bank or 

bank holding company and all of the 

banks and nonbanking companies 

owned by the bank holding company, 

including the companies listed below. 

The applications listed below, as well 

as other related filings required by the 

Board, are available for immediate 

inspection at the Federal Reserve Bank 

indicated. The applications will also be 

available for inspection at the offices of 

the Board of Governors. Interested 

persons may express their views in 

writing on the standards enumerated in 

the BHC Act (12 U.S.C. 1842(c)). If the 

proposal also involves the acquisition of 

a nonbanking company, the review also 

includes whether the acquisition of the 

nonbanking company complies with the 

standards in section 4 of the BHC Act 

(12 U.S.C. 1843). Unless otherwise 

noted, nonbanking activities will be 

conducted throughout the United States. 

Unless otherwise noted, comments 

regarding each of these applications 

must be received at the Reserve Bank 

indicated or the offices of the Board of 

Governors not later than October 8, 

2018. 

A. Federal Reserve Bank of Dallas 

(Robert L. Triplett III, Senior Vice 

President) 2200 North Pearl Street, 

Dallas, Texas 75201–2272: 

1. Veritex Holdings, Inc., Dallas, 

Texas; to acquire Green Bancorp, Inc., 

and thereby indirectly acquire Green 

Bank, National Association, both of 

Houston, Texas. 

Board of Governors of the Federal Reserve 

System, September 7, 2018. 

Yao-Chin Chao, 

Assistant Secretary of the Board. 

[FR Doc. 2018–19826 Filed 9–11–18; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL RESERVE SYSTEM 

Agency Information Collection 

Activities: Announcement of Board 

Approval Under Delegated Authority 

AGENCY: Board of Governors of the 

Federal Reserve System. 

SUMMARY: Notice is hereby given of 

temporary approval of revisions to the 

mandatory Complex Institution 

Liquidity Monitoring Report (FR 2052a; 

OMB No. 7100–0361) by the Board of 

Governors of the Federal Reserve 

System (Board) pursuant to the 

authority delegated to the Board by the 

Office of Management and Budget 

(OMB), per OMB Regulations on 

Controlling Paperwork Burdens on the 

Public. The temporary approval is valid 

until March 31, 2019. 

DATES: The revisions are applicable as of 

June 30, 2018. 

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, OMB delegated to the Board 

authority under the Paperwork 

Reduction Act (PRA) to temporarily 

approve a revision to a collection of 

information without providing 

opportunity for public comment if the 

Board determines that a change in an 

existing collection must be instituted 

quickly and that public participation in 

the approval process would defeat the 

purpose of the collection or 

substantially interfere with the Board’s 

ability to perform its statutory 

obligation. 

The Board’s delegated authority 

requires that the Board, after 

temporarily approving a collection, 

publish a notice soliciting public 

comment. The Board will publish a 

notice in the future inviting comment 

on these actions. 

Final approval under OMB delegated 

authority of the temporary revision of 

the following report: 

Report title: Complex Institution 

Liquidity Monitoring Report. 

Agency form number: FR 2052a. 

OMB control number: 7100–0361. 

Effective Date: June 30, 2018. 

Frequency: Monthly, and each 

business day (daily). 

Respondents: U.S. bank holding 

companies (BHCs), U.S. savings and 

loan holding companies (SLHCs), and 

foreign banking organizations (FBOs) 

with U.S. assets. 

Estimated number of respondents: 

Monthly, 40; Daily, 12. 

Estimated average hours per response: 

Monthly, 120; Daily, 220. 

Estimated annual burden hours: 

717,600. 

General description of report: The FR 

2052a is used to monitor the overall 

liquidity profile of institutions 

supervised by the Board. These data 

provide detailed information on the 

liquidity risks within different business 

lines (e.g., financing of securities 

positions, prime brokerage activities). In 

particular, these data serve as part of the 

Board’s supervisory surveillance 

program in its liquidity risk 

management area and provide timely 

information on firm-specific liquidity 

risks during periods of stress. Analyses 

of systemic and idiosyncratic liquidity 

risk issues are then used to inform the 

Board’s supervisory processes, 

including the preparation of analytical 


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