Federal Register / Vol. 77, No. 35 / Wednesday, February 22, 2012 / Notices 10525 

Obligation to Respond: Required to 

obtain or retain benefits. The statutory 

authority for this collection of 

information is contained in Sections 

154(i) and 310 of the Communications 

Act of 1934, as amended. 

Nature and Extent of Confidentiality: 

There is no need for confidentiality with 

this collection of information. 

Privacy Act Impact Assessment: No 

impact(s). 

Needs and Uses: Filing of the FCC 

Form 345 is required when applying for 

authority for assignment of license or 

permit, or for consent to transfer of 

control of a corporate licensee or 

permittee for an FM or TV translator 

station, or low power TV station. 

This collection also includes the third 

party disclosure requirement of 47 CFR 

73.3580 (OMB approval was received 

for Section 73.3580 under OMB Control 

Number 3060–0031). 47 CFR 73.3580 

requires local public notice in a 

newspaper of general circulation in the 

community in which the station is 

located or providing notice over the air 

of the filing of all applications for 

assignment of license/permit. This 

notice must be completed within 30 

days of the tendering of the application. 

A copy of the newspaper notice or a 

record of the broadcast notice and the 

application must be placed in the public 

inspection file. 

OMB Control Number: 3060–0113. 

Type of Review: Extension of a 

currently approved collection. 

Title: Broadcast EEO Program Report, 

FCC Form 396. 

Form Number: FCC Form 396. 

Respondents: Business or other forprofit entities; Not-for-profit 

institutions. 

Number of Respondents and 

Responses: 2,000 respondents and 2,000 

responses. 

Estimated Time per Response: 1.5 

hours. 

Frequency of Response: Renewal 

reporting requirement. 

Total Annual Burden: 3,000 hours. 

Total Annual Cost: $300,000. 

Obligation to Respond: Required to 

obtain or retain benefits. The statutory 

authority for this collection is contained 

under Sections 154(i) and 303 of the 

Communications Act of 1934, as 

amended. 

Nature and Extent of Confidentiality: 

There is no need for confidentiality with 

this collection of information. 

Privacy Impact Assessment(s): No 

impact(s). 

Needs and Uses: The Broadcast Equal 

Employment Opportunity Program 

Report (FCC Form 396) is a device that 

is used to evaluate a broadcaster’s EEO 

program to ensure that satisfactory 

efforts are being made to comply with 

FCC’s EEO requirements. FCC Form 396 

is required to be filed at the time of 

renewal of license by all AM, FM, TV, 

Low Power TV and International 

stations. 

Federal Communications Commission. 

Marlene H. Dortch, 

Secretary, Office of the Secretary, Office of 

Managing Director. 

[FR Doc. 2012–4057 Filed 2–21–12; 8:45 am] 

BILLING CODE 6712–01–P 

FEDERAL RESERVE SYSTEM 

Proposed Agency Information 

Collection Activities; Comment 

Request 

AGENCY: Board of Governors of the 

Federal Reserve System. 

SUMMARY: On June 15, 1984, the Office 

of Management and Budget (OMB) 

delegated to the Board of Governors of 

the Federal Reserve System (Board) its 

approval authority under the Paperwork 

Reduction Act (PRA), pursuant to 5 CFR 

1320.16, to approve of and assign OMB 

control numbers to collection of 

information requests and requirements 

conducted or sponsored by the Board 

under conditions set forth in 5 CFR part 

1320 Appendix A.1. 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 instruments 

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. 

DATES: Comments must be submitted on 

or before April 23, 2012. 

ADDRESSES: You may submit comments, 

identified by FR Y–14A/Q/M, by any of 

the following methods: 

• Agency Web Site: http:// 

www.federalreserve.gov. Follow the 

instructions for submitting comments at 

http://www.federalreserve.gov/ 

generalinfo/foia/ProposedRegs.cfm. 

• Federal eRulemaking Portal: http:// 

www.regulations.gov. Follow the 

instructions for submitting comments. 

• Email: 

regs.comments@federalreserve.gov. 

Include OMB number in the subject line 

of the message. 

• Fax: 202/452–3819 or 202/452– 

3102. 

• Mail: Jennifer J. Johnson, 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 Web site at 

www.federalreserve.gov/generalinfo/ 

foia/ProposedRegs.cfm 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 MP–500 of the 

Board’s Martin Building (20th and C 

Streets, NW.) between 9 a.m. and 5 p.m. 

on weekdays. 

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, once 

approved. These documents will also be 

made available on the Federal Reserve 

Board’s public Web site at: http:// 

www.federalreserve.gov/boarddocs/ 

reportforms/review.cfm or may be 

requested from the agency clearance 

officer, whose name appears below. 

Federal Reserve Board Clearance 

Officer—Cynthia Ayouch—Division of 

Research and Statistics, 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: 

Request for Comment on Information 

Collection Proposal 

The following information collection, 

which is being handled under this 

delegated authority, has received initial 

Board approval and is hereby published 

for comment. At the end of the comment 

period, the proposed information 

collection, along with an analysis of 

comments and recommendations 

received, will be submitted to the Board 

for final approval under OMB delegated 

authority. Comments are invited on the 

following: 

a. Whether the proposed collection of 

information is necessary for the proper 


srobinson on DSK4SPTVN1PROD with NOTICES
10526 Federal Register / Vol. 77, No. 35 / Wednesday, February 22, 2012 / Notices 

1The Capital Plan rule applies to every top-tier 

large BHC. This asset threshold is consistent with 

the threshold established by section 165 of the 

Dodd-Frank Act relating to enhanced supervision 

and prudential standards for certain BHCs. 

2The proposed rules would implement the 

enhanced prudential standards required to be 

established under section 165 of the Dodd-Frank 

Act and the early remediation framework 

established under section 166 of the Act. The 

enhanced standards include risk-based capital and 

leverage requirements, liquidity standards, 

requirements for overall risk management, singlecounterparty credit limits, DFAST requirements, 

and debt-to-equity limits for companies that the 

Financial Stability Oversight Council has 

determined pose a grave threat to financial stability. 

The 2011 proposal implementing the FR Y–14A and 

Q acknowledged the impending publication of the 

DFAST reporting requirements under section 165 of 

the Dodd-Frank Act. That proposal included a 

statement noting that revisions to the quarterly and 

annual data collections, based on the enhanced 

standards rulemaking, would be incorporated into 

the FR Y–14A and Q information collection. 

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 start up costs 

and costs of operation, maintenance, 

and purchase of services to provide 

information. 

Proposal To Approve Under OMB 

Delegated Authority the Revision, 

Without Extension of the Following 

Report 

Report title: Capital Assessments and 

Stress Testing information collection. 

Agency form number: FR Y–14A/ 

Q/M. 

OMB control number: 7100–0341. 

Frequency: Annually, Quarterly, and 

Monthly. 

Reporters: Large banking 

organizations that meet an annual 

threshold of $50 billion or more in total 

consolidated assets (large Bank Holding 

Companies or large BHCs), as defined by 

the Capital Plan rule (12 CFR 225.8).1

Estimated annual reporting hours: FR 

Y–14A: Summary, 24,600 hours; Macro 

scenario, 930 hours; Counterparty credit 

risk (CCR), 2,292 hours; Basel III, 600 

hours; and Regulatory capital 

instruments, 600 hours. FR Y–14 Q: 

Securities risk, 1,200 hours; Retail risk, 

456,000 hours; Pre-provision net 

revenue (PPNR), 75,000 hours; 

Wholesale corporate loans, 6,720 hours; 

Wholesale commercial real estate (CRE) 

loans, 6,480 hours; Trading, private 

equity, and other fair value assets 

(Trading risk), 41,280 hours; Basel III, 

1,800 hours; Regulatory capital 

instruments, 3,600 hours; and 

Operational risk, 3,360 hours. FR Y– 

14M: Retail 1st lien mortgage, 129,000 

hours; Retail home equity, 123,840 

hours; and Retail credit card, 77,400 

hours. 

Estimated average hours per response: 

FR Y–14A: Summary, 820 hours; Macro 

scenario, 31 hours; CCR, 382 hours; 

Basel III, 20 hours; and Regulatory 

capital instruments, 20 hours. FR Y– 

14Q: Securities risk, 10 hours; Retail 

risk, 3,800 hours; PPNR, 625 hours; 

Wholesale corporate loans, 60 hours; 

Wholesale CRE loans, 60 hours; Trading 

risk, 1,720 hours; Basel III, 20 hours; 

Regulatory capital instruments, 40 

hours; and Operational risk, 28 hours. 

FR Y–14M: Retail 1st lien mortgage, 430 

hours; Retail home equity, 430 hours; 

and Retail credit card, 430 hours. 

Number of respondents: 30. 

General description of report: The FR 

Y–14 series of reports are authorized by 

section 165 of the Dodd-Frank Wall 

Street Reform and Consumer Protection 

Act of 2010 (Dodd-Frank Act), which 

requires the Federal Reserve to ensure 

that certain BHCs and nonbank financial 

companies supervised by the Federal 

Reserve are subject to enhanced riskbased and leverage standards in order to 

mitigate risks to the financial stability of 

the United States (12 U.S.C. 5365). 

Additionally, section 5 of the BHC Act 

authorizes the Board to issue regulations 

and conduct information collections 

with regard to the supervision of BHCs 

(12 U.S.C. 1844). 

As these data are collected as part of 

the supervisory process, such 

information may be afforded 

confidential treatment under exemption 

8 of the Freedom of Information Act (5 

U.S.C. 552(b)(8)). In addition, 

commercial and financial information 

contained in these information 

collections may be exempt disclosure 

under exemption 4 (5 U.S.C. 552(b)(4)). 

Such exemptions would be made on a 

case-by-case basis. 

Abstract: The data collected through 

the current FR Y–14A/Q provides the 

Federal Reserve with the information 

and perspective needed to help ensure 

that large BHCs 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 

Comprehensive Capital Analysis and 

Review is also complemented by other 

Federal Reserve supervisory efforts 

aimed at enhancing the continued 

viability of large BHCs, including 

continuous monitoring of BHCs’ 

planning and management of liquidity 

and funding resources, and 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. In order 

to fully evaluate the data submissions, 

the Federal Reserve may conduct follow 

up discussions with or request 

responses to follow up questions from 

respondents, as needed. Currently, 

respondents are required to complete 

and submit five filings each year: one 

annual FR Y–14A filing and four 

quarterly FR Y–14Q filings. Compliance 

with these information collections is 

mandatory. 

The FR Y–14A collects annually 

BHCs’ 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. 

At least one of the scenarios may 

include a market shock that the BHCs 

include in their trading and 

counterparty loss projections. The FR 

Y–14Q collects granular data on BHCs’ 

various asset classes and PPNR for the 

reporting period, which are used to 

support supervisory stress test models 

and for continuous monitoring efforts, 

on a quarterly basis. These data are used 

to assess the capital adequacy of large 

BHCs using forward-looking projections 

of revenue and losses. 

Under section 165 of the Dodd-Frank 

Act, the Federal Reserve is required to 

issue regulations relating to stress 

testing (DFAST) for certain BHCs and 

nonbank financial companies 

supervised by the Board. On January 5, 

2012, the Board published rulemakings 

(77 FR 594) which would include new 

reporting requirements found in 12 CFR 

252.134(a), 252.146(a), and 252.146(b) 

related to stress testing. The Federal 

Reserve anticipates that these new 

reporting requirements and the PRA 

burden associated with these 

requirements would be addressed in 

detail in a future FR Y–14 proposal.2

Current Actions: The Federal Reserve 

proposes revising the information 

collection, effective June 30, 2012, based 

on the need to expand the respondent 

panel, enhance data items previously 

collected, and implement new reporting 

schedules. The proposed revisions 

include the following: 


srobinson on DSK4SPTVN1PROD with NOTICES
Federal Register / Vol. 77, No. 35 / Wednesday, February 22, 2012 / Notices 10527 

• Implementing a new monthly 

schedule, the FR Y–14M, which would 

collect data previously collected on 

several quarterly Retail Risk portfoliolevel worksheets (into two loan-level 

only collections and one loan- and 

portfolio-level collection), and 

collecting detailed address matching 

data for the two loan-level collections; 

• Revising the quarterly Wholesale 

Risk schedule (corporate loan data 

collection) by adding data items that 

would allow the Federal Reserve to 

derive an independent probability of 

default, expanding the scope of loans 

included in the collection by moving 

loans from the Commercial Real Estate 

(CRE) data collection to the corporate 

loan data collection, clarifying 

definitions of existing data items, and 

requesting additional detail about 

collateral securing a facility; Revising 

the quarterly Wholesale Risk schedule 

(CRE collection) by moving loans to the 

corporate loan data collection, adding a 

non-accrual data item, and modifying 

the loan status data item to include the 

number of days past due; 

• Implementing a new quarterly 

Operational Risk schedule to gather data 

that would support supervisory stress 

test models to forecast the BHCs’ 

operational loss levels under various 

macroeconomic conditions; and 

• Expanding the respondent panel 

(for the FR Y–14 A/Q/M) to include 

large banking organizations that meet an 

asset threshold of $50 billion or more in 

total consolidated assets (large BHCs), as 

defined by the Capital Plan rule (12 CFR 

225.8). 

Draft files illustrating the proposed 

new schedules and instructions, and the 

proposed revisions to the current 

reporting schedules and instructions are 

available on the Federal Reserve Board’s 

public Web site at: http:// 

www.federalreserve.gov/boarddocs/ 

reportforms/review.cfm. 

FR Y–14Q and M (Quarterly and 

Monthly Collection) 

Retail Risk Schedule (First Lien ClosedEnd 1–4 Family Residential Mortgages, 

Home Equity Residential Mortgage, and 

Credit Card Data Collections) 

The Federal Reserve proposes 

increasing the frequency of reporting for 

three retail portfolios from quarterly to 

monthly (the proposed FR Y–14M). The 

current quarterly Retail Risk schedule 

collects data on several portfolio-level 

worksheets, including: one domestic 

closed-end first lien residential 

mortgage worksheet, two domestic 

home equity worksheets (domestic 

closed-end home equity loans and 

domestic home equity lines of credit), 

and two domestic credit card 

worksheets (domestic charge card and 

domestic small and medium size 

enterprise (SME) corporate cards). The 

portfolio-level data collected was highly 

segmented and provided substantial 

insight into BHCs’ home equity, first 

lien residential, and credit card 

portfolios. However, given the microand macro-prudential importance of the 

portfolios and the benefit of more 

granular information to supervisory 

model development and risk 

assessment, the Federal Reserve 

proposes replacing these quarterly 

portfolio-level worksheets with the 

following new monthly collections: 

• One loan-level collection for 

Domestic First Lien Closed-End 1–4 

Family Residential Mortgage data, 

• One loan-level collection for 

Domestic Home Equity Residential 

Mortgage data, and 

• One account- and portfolio-level 

collection for Domestic Credit Card 

data. 

For these new retail portfolio 

collections, the Federal Reserve 

proposes collecting month-end data on 

a monthly frequency. Currently, all of 

the retail risk worksheets collect 

monthly data on a quarterly frequency, 

even though the Capital Plan rule allows 

for the collection of data as frequently 

as needed. The proposed monthly data 

collection would improve the Federal 

Reserve’s ability to perform its 

continuous risk monitoring function by 

providing more timely data. In a time of 

crisis or market downturn where risk 

characteristics could change in an 

unpredictable manner, monthly data 

collection would be especially valuable 

for these retail portfolios with relatively 

short credit cycles. (For example, a 

credit card account could go from 

current to charged-off within one 

quarter.) Collecting data on a quarterly 

frequency could hinder the ability of the 

Federal Reserve to respond to issues of 

immediate supervisory concern or to 

requests from policy makers. 

Furthermore, BHCs generally produce 

data and internal risk management 

reports for these portfolios monthly, and 

often provide similar data for 

supervisory purposes on a monthly 

basis. The Federal Reserve, at this time, 

does not propose requiring monthly 

reporting for the other retail portfolios 

with longer credit cycles, as the burden 

of reporting at the increased frequency 

currently outweighs the value of the 

additional data. 

These collections would gather one 

record per loan. Due to the volume of 

data that would be collected, these data 

would not be gathered in Excel 

worksheets as in the previous quarterly 

data collection; rather file specifications 

would be provided to respondents in 

order to transmit the data, as 

appropriate. 

The proposed Domestic First Lien 

Closed-End 1–4 Family Residential 

Mortgage collection would gather 

monthly detailed loan-level data and 

would capture the following loans: 

• All loans in the active inventory asof the last day of the month; 

• All loans in the inventory that were 

transferred to another servicer during 

the month; and 

• All loans in the inventory that were 

liquidated during the month. 

The reported data items would 

include: Loan number, property 

information, loan amount, 

documentation information, loan-tovalue and debt-to-income ratios, 

borrower information, bankruptcy or 

foreclosure status, and other detailed 

loan information. 

The proposed Domestic Home Equity 

Residential Mortgage collection would 

gather monthly detailed loan-level data 

and would capture the following loans: 

• All loans in the active inventory asof the last day of the month; 

• All loans in the inventory that were 

transferred to another servicer during 

the month; and 

• All loans in the inventory that were 

liquidated during the month. 

The reported data items would 

include: loan number; property 

information; loan, line, and appraisal 

amounts; loan documentation 

information; loan-to-value and debt-toincome ratios; borrower information; 

bankruptcy or foreclosure status; and 

other detailed loan information. 

In order to match senior and junior 

lien residential mortgages on the same 

collateral, the Federal Reserve also 

proposes gathering additional 

information (loan number, property and 

mailing address information, liquidation 

status, original lien position, and census 

tract) on the residential mortgage loans 

reported in the Domestic First Lien 

Closed-End 1–4 Family Residential 

Mortgage and Domestic Home Equity 

Residential Mortgage collections. By 

matching senior and junior lien loans by 

property ID, the Federal Reserve would 

glean valuable insights into the level of 

risk of both credits, especially in cases 

where current (or performing) junior 

lien loans are behind delinquent first 

lien loans. 

The proposed Domestic Credit Card 

collection would gather monthly 

detailed account-level data and new 

portfolio-level data. The account-level 

collection would capture detailed data 

regarding domestic credit cards: general 


srobinson on DSK4SPTVN1PROD with NOTICES
10528 Federal Register / Vol. 77, No. 35 / Wednesday, February 22, 2012 / Notices 

3 General purpose credit cards can be used at a 

wide variety of merchants, including any who 

accept MasterCard, Visa, American Express or 

Discover credit cards. Affinity and co-brand cards 

should be included in this category, and student 

cards if applicable. This credit card type includes 

loans reported on line 6.a of schedule HC–C of the 

Consolidated Financial Statements of Bank Holding 

Companies (FR Y–9C; OMB No. 7100–0128). 

4Private label credit cards, also known as 

proprietary credit cards, are tied to the retailer 

issuing the card and can only be used in that 

retailer’s stores. Oil & gas cards should be included 

in this loan type, and student cards if applicable. 

This credit card type includes loans reported on 

line 6.a of schedule HC–C of the FR Y–9C. 

5Business credit cards include small business 

credit card accounts where the loan is underwritten 

with the sole proprietor or primary business owner 

as the applicant. This credit card type includes 

SME credit card loans that are reported on line 4.a 

of schedule HC–C of the FR Y–9C. 

6Corporate credit cards are employer-sponsored 

credit cards for use by a company’s employees. This 

credit card type includes US corporate credit card 

loans that are reported on line 4.a of schedule HC– 

C of the FR Y–9C. 

7The North American Industry Classification 

System is used by business and government to 

classify business establishments according to type 

of economic activity (process of production) in 

Canada, Mexico, and the U.S. 

purpose credit cards 3, private label 

credit cards 4, business credit cards 5, 

and corporate credit cards.6 The new 

portfolio-level data would capture key 

information about portfolio 

characteristics including information 

that is unlikely to be captured at the 

account-level. (For example, certain 

collection costs are not typically 

assigned at the account-level.) The 

portfolio-level data would be primarily 

relevant for pools of credit card loans 

rather than individual accounts. Like 

the other new retail collections, the 

proposed Domestic Credit Card 

collection would collect mandatory 

data. However, some data items that are 

not directly available would be 

permitted to be reported on a best effort 

basis. For example, if the BHCs do not 

use the data in the course of their risk 

management practices or otherwise 

generate or store the data, they would 

not be required to generate the data for 

this collection. 

FR Y–14Q (Quarterly Collection) 

Wholesale Risk Schedule (CRE and 

Corporate Loan Data Collections) 

The current corporate loan collection 

gathers loan-level data that focuses on 

data stored in BHCs’ systems of records, 

particularly their loan accounting 

systems. While the granular loan-level 

data provides additional insights into 

certain credit risk characteristics, the 

data items in the initial FR Y–14Q 

collection were not sufficient to 

evaluate all aspects of credit risk or 

produce an independent probability of 

default (PD). In order to better 

understand the credit risk associated 

with BHCs’ corporate loan exposures, 

the Federal Reserve proposes adding 

approximately 35 data items to the 

collection. These data items would 

allow the Federal Reserve to derive an 

independent PD for both public and 

private firms and better track 

underwriting standards and emerging 

risks in BHCs’ loan portfolios. To reduce 

the burden of reporting the additional 

data items, the Federal Reserve also 

proposes allowing BHCs to exclude 

from reporting (or make optional the 

reporting of) obligor financial data (data 

items 51–79) for loans extended to an 

obligor (1) Domiciled outside of the 

U.S.; (2) that is a natural person, a nonprofit Federal, state or local 

governmental agency; or (3) that has a 

NAICS industry code 7 beginning with 

52 (Finance and Insurance) or 5312 

(Real Estate Agents and Brokers). 

In addition, the Federal Reserve 

proposes amending the scope of loans in 

the corporate loan collection to include 

owner-occupied non-farm, nonresidential (NFNR) CRE loans (reported 

on the FR Y–9C, Schedule HC–C 1.e(1)). 

These loans, currently reported in the 

CRE collection, would be moved to the 

corporate loan collection so overall this 

does not represent an expansion of the 

wholesale collection. The data items 

gathered in the corporate loan collection 

better capture the elements indicative of 

risk in owner-occupied NFNR CRE 

loans than those in the CRE collection. 

The Federal Reserve proposes revisions 

to the corporate loan data collection to 

clarify definitions of existing data items 

and request additional detail about 

collateral securing a facility. 

The Federal Reserve also proposes 

revising the CRE data collection to add 

a non-accrual data item and to modify 

the loan status data item to include the 

number of days past due. These 

revisions to the CRE data collection 

would allow the Federal Reserve to 

better model the credit risk of CRE loans 

and these data would be readily 

available in BHCs’ loan servicing 

systems. 

Although no changes are being 

proposed to the reference in the 

instructions for the wholesale data 

collections regarding the use of the 

International Organization for 

Standardization country code list, the 

Federal Reserve solicits feedback 

regarding whether this reference should 

be changed to direct respondents to use 

U.S. Department of Treasury (Treasury) 

country code list instead. At present, the 

Treasury list is referenced in the 

instructions for the Quarterly Report of 

Assets and Liabilities of Large Foreign 

Offices of U.S. Banks (FR 2502q; OMB 

No. 7100–0079) and is used by 

institutions that submit data on the 

Treasury International Capital reporting 

forms and data on certain Federal 

Financial Institutions Examination 

Council (FFIEC) reporting forms. 

Operational Risk Schedule 

The current FR Y–14A Operational 

Risk worksheets (contained within the 

annual Summary schedule) collect 

BHCs’ projections for operational losses. 

Additional detail is also collected on 

translating historical loss experience 

into operational loss projections and on 

budgeting processes used to project 

operational losses. 

During the drafting of the September 

2011 proposal implementing the FR Y– 

14A/Q, the Federal Reserve was aware 

of the need to also collect actual 

operational loss data on a quarterly 

basis; however, more time was needed 

in order to conduct a comprehensive 

analysis before determining the 

appropriate data items that would be 

collected. As part of that analysis, the 

Federal Reserve reviewed the reporting 

requirements in Schedule S 

(Operational Risk) of the interagency 

Advanced Capital Adequacy Framework 

Regulatory Reporting Requirements 

(FFIEC 101; OMB No. 7100–0319) to 

determine the data items collected and 

the level of granularity to which they 

are collected. The data collected on 

Schedule S is summary or aggregatelevel information, while the proposed 

FR Y–14Q schedule requests data on an 

individual loss event level. Based on the 

analysis conducted, the Federal Reserve 

proposes a new quarterly operational 

loss data collection. The data collected 

would include the type of loss event, 

when it occurred, the loss amount, the 

business line in which it occurred, and 

other relevant information. Obtaining 

these data on an individual loss event 

level would help achieve key objectives 

that could otherwise not be effectively 

realized with summary level data only 

and would enhance the Federal 

Reserve’s ability to (1) assess the BHCs’ 

operational loss exposures in relation to 

the risks faced by the BHCs and (2) 

ensure safety and soundness. These data 

would also be used to develop and 

calibrate supervisory stress test models, 

evaluate the projections that BHCs 

submit as part of the FR Y–14A, and 

support continuous monitoring and 

analysis of BHCs operational loss 

activity and trends. These data are not 

currently available on a standardized 

basis. 


srobinson on DSK4SPTVN1PROD with NOTICES
Federal Register / Vol. 77, No. 35 / Wednesday, February 22, 2012 / Notices 10529 

8SR 01–01 (Application of the Board’s Capital 

Adequacy Guidelines to BHCs owned by Foreign 

Banking Organizations) states, ‘‘as a general matter, 

a U.S. BHC that is owned and controlled by a 

foreign bank that is a Financial Holding Company 

that the Board has determined to be wellcapitalized and well-managed will not be required 

to comply with the Board’s capital adequacy 

guidelines.’’ 

Additional Request for Comment 

Although no changes are being 

proposed to the submission due dates 

for the FR Y–14Q data, the Federal 

Reserve is soliciting feedback as to 

whether the quarterly submission 

schedule, which mirrors the FR Y–9 

submission schedule, is problematic for 

institutions. The Federal Reserve 

specifically requests feedback as to 

whether additional time would be 

helpful, and if so, how many days. 

FR Y–14 A, Q, and M (Annually, 

Quarterly, and Monthly Collections) 

Respondent Panel Revisions 

As mentioned above, the Capital Plan 

rule, which contains the authority for 

these reporting requirements, applies to 

large BHCs. As of September 30, 2011, 

there were approximately 34 large 

BHCs; however, at this time, only 30 are 

required to report. The asset threshold 

of $50 billion is consistent with the 

threshold established by section 165 of 

the Dodd-Frank Act relating to 

enhanced supervision and prudential 

standards for certain BHCs. Therefore, 

the Federal Reserve proposes to expand 

the scope of the respondent panel 

required to complete the reporting 

schedules and worksheets to include all 

BHCs subject to the Capital Plan rule, 

except for SR 01–01 firms.8

Board of Governors of the Federal Reserve 

System, February 15, 2012. 

Jennifer J. Johnson, 

Secretary of the Board. 

[FR Doc. 2012–3964 Filed 2–21–12; 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 application also will 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 March 19, 

2012. 

A. Federal Reserve Bank of Dallas (E. 

Ann Worthy, Vice President) 2200 

North Pearl Street, Dallas, Texas 75201– 

2272: 

1. UTB Financial Holding Company, 

Dallas, Texas, to become a bank holding 

company by acquiring 100 percent of 

United Texas Bank, Dallas, Texas. 

Board of Governors of the Federal Reserve 

System, February 16, 2012. 

Robert deV. Frierson, 

Deputy Secretary of the Board. 

[FR Doc. 2012–4018 Filed 2–21–12; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL RETIREMENT THRIFT 

INVESTMENT BOARD 

Sunshine Act Meeting 

TIME AND DATE: 9 a.m. (Eastern Time) 

February 27, 2012. 

PLACE: 2nd Floor Training Room, 1250 

H Street NW., Washington, DC 20005. 

STATUS: Parts will be open to the public 

and parts will be closed to the public. 

MATTERS TO BE CONSIDERED: 

Parts Open to the Public 

1. Approval of the Minutes of the 

January 23, 2012 Board Member 

Meeting 

2. Thrift Savings Plan Activity Report 

by the Executive Director 

a. Monthly Participant Activity Report 

b. Investment Performance Report 

c. Legislative Report 

3. Review of Audit Recommendations 

4. Audit Reports 

5. Department of Labor Audit 

Presentation 

6. Review and Evaluation of 

Investment Fund Indexes 

7. Status of Current Investment 

Management Contract 

8. Board Meeting Calendar Review 

9. FRTIB Move Update 

10. Roth Contribution Feature Update 

Parts Closed to the Public 

11. Procurement 

12. Predecisional Matters 

CONTACT PERSON FOR MORE INFORMATION: 

Thomas J. Trabucco, Director, Office of 

External Affairs, (202) 942–1640. 

Dated: February 17, 2012. 

Thomas K. Emswiler, 

Secretary, Federal Retirement Thrift 

Investment Board. 

[FR Doc. 2012–4248 Filed 2–17–12; 4:15 pm] 

BILLING CODE 6760–01–P 

DEPARTMENT OF DEFENSE 

GENERAL SERVICES 

ADMINISTRATION 

NATIONAL AERONAUTICS AND 

SPACE ADMINISTRATION 

[OMB Control No. 9000–0043; Docket 2012– 

0076; Sequence 2] 

Federal Acquisition Regulation; 

Information Collection; Delivery 

Schedules 

AGENCY: Department of Defense (DOD), 

General Services Administration (GSA), 

and National Aeronautics and Space 

Administration (NASA). 

ACTION: Notice of request for public 

comments regarding an extension to an 

existing OMB clearance. 

SUMMARY: Under the provisions of the 

Paperwork Reduction Act, the 

Regulatory Secretariat will be 

submitting to the Office of Management 

and Budget (OMB) a request to review 

and approve an extension of a 

previously approved information 

collection requirement concerning 

delivery schedules. 

Public comments are particularly 

invited on: Whether this collection of 

information is necessary for the proper 

performance of functions of the Federal 

Acquisition Regulation (FAR), and 

whether it will have practical utility; 

whether our estimate of the public 

burden of this collection of information 

is accurate, and based on valid 

assumptions and methodology; ways to 

enhance the quality, utility, and clarity 

of the information to be collected; and 

ways in which we can minimize the 

burden of the collection of information 

on those who are to respond, through 


srobinson on DSK4SPTVN1PROD with NOTICES