Federal Register / Vol. 77, No. 47 / Friday, March 9, 2012 / Notices 14367 

FEDERAL RESERVE SYSTEM 

Agency Information Collection 

Activities: Submission for OMB 

Review; Comment Request 

AGENCY: Board of Governors of the 

Federal Reserve System (Board). 

ACTION: Notice of information collection 

to be submitted to OMB for review and 

approval under the Paperwork 

Reduction Act of 1995. 

SUMMARY: In accordance with the 

requirements of the Paperwork 

Reduction Act of 1995 (44 U.S.C. 

chapter 35), the Board, the Federal 

Deposit Insurance Corporation, and the 

Office of the Comptroller of the 

Currency (the ‘‘agencies’’), may not 

conduct or sponsor, and the respondent 

is not required to respond to, an 

information collection unless it displays 

a currently valid Office of Management 

and Budget (OMB) control number. 

On November 23, 2011, the Board, 

under the auspices of the Federal 

Financial Institutions Examination 

Council (FFIEC) and on behalf of the 

agencies, published a notice in the 

Federal Register (76 FR 72410) 

requesting public comment on the 

extension, with revision, of the Report 

of Assets and Liabilities of U.S. 

Branches and Agencies of Foreign Banks 

(FFIEC 002) and the Report of Assets 

and Liabilities of a Non-U.S. Branch that 

is Managed or Controlled by a U.S. 

Branch or Agency of a Foreign (NonU.S.) Bank (FFIEC 002S), which are 

currently approved information 

collections. The comment period for 

this notice expired on January 23, 2012. 

No comments were received on the 

proposed revisions. However, the 

agencies received eight comments on 

proposed revisions to the Consolidated 

Reports of Condition and Income (Call 

Report) (FFIEC 031 and 041; OMB No. 

7100–0036). Inasmuch as the Call 

Report revisions parallel certain of the 

proposed revisions to the FFIEC 002, 

these comments are being taken into 

consideration for the FFIEC 002 

proposal. 

After consideration of these 

comments, the FFIEC and the agencies 

will proceed with the reporting change 

to Schedule RAL, Assets and Liabilities, 

proposed for implementation as of June 

30, 2012. With respect to the new loan 

origination activity schedule that had 

been proposed to be added to the FFIEC 

002, the FFIEC and the agencies are 

continuing to evaluate this proposed 

schedule in light of the comments 

received on the comparable change 

proposed to the Call Report. The 

FFIEC’s and the agencies’ decisions 

regarding this proposed schedule will 

be the subject of a separate Federal 

Register notice, and any resulting new 

reporting requirements will not take 

effect before the September 30, 2012, 

report date. 

DATES: Comments must be submitted on 

or before April 9, 2012. 

ADDRESSES: Interested parties are 

invited to submit written comments to 

the agency listed below. All comments 

will be shared among the agencies. 

You may submit comments, which 

should refer to ‘‘FFIEC 002, 7100–0032’’ 

by any of the following methods: 

• Agency Web Site: http:// 

www.federalreserve.gov. Follow the 

instructions for submitting comments 

on the 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 the OMB control 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 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 for the agencies by mail to 

the Office of Information and Regulatory 

Affairs, U.S. 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: 

Additional information or a copy of the 

collections may be requested from 

Cynthia M. Ayouch, Federal Reserve 

Board Clearance Officer, (202) 452– 

3829, Division of Research and 

Statistics, Board of Governors of the 

Federal Reserve System, 20th and C 

Streets NW., Washington, DC 20551. 

Telecommunications Device for the Deaf 

(TDD) users may call (202) 263–4869. 

SUPPLEMENTARY INFORMATION: Proposal 

to request approval from OMB of the 

extension for three years, with revision, 

of the following reports: 

Title: Report of Assets and Liabilities 

of U.S. Branches and Agencies of 

Foreign Banks; Report of Assets and 

Liabilities of a Non-U.S. Branch that is 

Managed or Controlled by a U.S. Branch 

or Agency of a Foreign (Non-U.S.) Bank. 

Form Numbers: FFIEC 002; FFIEC 

002S. 

OMB Number: 7100–0032. 

Frequency of Response: Quarterly. 

Affected Public: U.S. branches and 

agencies of foreign banks. 

Estimated annual reporting hours: 

FFIEC 002—24,108 hours; FFIEC 002S— 

1,416 hours. 

Estimated average hours per response: 

FFIEC 002—25.43 hours; FFIEC 002S— 

6.0 hours. 

Number of respondents: FFIEC 002— 

237; FFIEC 002S—59. 

General Description of Report: These 

information collections are mandatory: 

12 U.S.C. 3105(c)(2), 1817(a)(1) and (3), 

and 3102(b). Except for select sensitive 

items, the FFIEC 002 is not given 

confidential treatment; the FFIEC 002S 

is given confidential treatment [5 U.S.C. 

552(b)(4) and (8)]. 

Abstract: On a quarterly basis, all U.S. 

branches and agencies of foreign banks 

are required to file the FFIEC 002, 

which is a detailed report of condition 

with a variety of supporting schedules. 

This information is used to fulfill the 

supervisory and regulatory requirements 

of the International Banking Act of 

1978. The data are also used to augment 

the bank credit, loan, and deposit 

information needed for monetary policy 

and other public policy purposes. The 

FFIEC 002S is a supplement to the 

FFIEC 002 that collects information on 

assets and liabilities of any non-U.S. 

branch that is managed or controlled by 

a U.S. branch or agency of the foreign 

bank. Managed or controlled means that 

a majority of the responsibility for 

business decisions, including but not 

limited to decisions with regard to 

lending or asset management or funding 

or liability management, or the 

responsibility for recordkeeping in 

respect of assets or liabilities for that 

foreign branch resides at the U.S. branch 

or agency. A separate FFIEC 002S must 

be completed for each managed or 

controlled non-U.S. branch. The FFIEC 

002S must be filed quarterly along with 

the U.S. branch or agency’s FFIEC 002. 

The data from both reports are used for: 

(1) Monitoring deposit and credit 

transactions of U.S. residents; 

(2) monitoring the impact of policy 

changes; (3) analyzing structural issues 

concerning foreign bank activity in U.S. 


srobinson on DSK4SPTVN1PROD with NOTICES
14368 Federal Register / Vol. 77, No. 47 / Friday, March 9, 2012 / Notices 

1See 76 FR 72411–72412, November 23, 2011. 

2See 76 FR 72035, November 21, 2011. 

markets; (4) understanding flows of 

banking funds and indebtedness of 

developing countries in connection with 

data collected by the International 

Monetary Fund and the Bank for 

International Settlements that are used 

in economic analysis; and (5) assisting 

in the supervision of U.S. offices of 

foreign banks. The Federal Reserve 

System collects and processes these 

reports on behalf of all three agencies. 

Current Actions: The agencies 

proposed to implement a limited 

number of revisions to the FFIEC 002 

reporting requirements in 2012. These 

changes are intended to provide data 

needed for reasons of safety and 

soundness and other public purposes. 

The proposed changes would also help 

achieve consistency with revisions the 

agencies are proposing to make to the 

Call Report filed by insured banks and 

savings institutions. The FFIEC 002 

reporting changes in the agencies’ 

November 2011 proposal, which were 

proposed for implementation in June 

2012, included: 

• A new item on Schedule RAL, for 

‘‘other securities’’ held for trading 

purposes (new Schedule RAL, item 

1.f.(4)). Current Schedule RAL, item 

1.f.(4), Other trading assets, would be 

renumbered as item 1.f.(5) and would be 

defined to exclude all securities held for 

trading; and 

• A new Schedule U, Loan 

Origination Activity, in which 

institutions with total assets of $300 

million or more would report, 

separately for several loan categories, 

the quarter-end amount of loans 

reported in Schedule C, Loans and 

Lease Financing Receivables, that was 

originated during the quarter, and 

institutions with total assets of $1 

billion or more would also report for 

these loan categories the portions of the 

quarter-end amount of loans originated 

during the quarter that were 

(a) originated under a newly established 

loan commitment and (b) not originated 

under a loan commitment. 

Further details concerning the 

preceding proposed FFIEC 002 reporting 

changes may be found in Sections A and 

B of the agencies’ November 2011 

Federal Register notice.1

Although no comments were received 

on the November 2011 Federal Register 

notice for the FFIEC 002, the agencies 

did collectively receive comments on 

their November 2011 Call Report 

Federal Register notice 2 from eight 

entities: Four banking organizations, 

two bankers’ associations, a commercial 

lending software company, and a news 

organization. All eight entities 

commented on the proposed new Call 

Report Schedule RC–U, Loan 

Origination Activity (in Domestic 

Offices), which is comparable to but 

more detailed than proposed FFIEC 002 

Schedule U. 

The FFIEC and the agencies are 

proceeding with the revision proposed 

to Schedule RAL for implementation as 

of the June 30, 2012, report date. With 

respect to the new schedule for selected 

loan origination data proposed for 

implementation as of June 30, 2012, the 

FFIEC and the agencies are continuing 

to evaluate this proposed schedule in 

light of the comments received. When 

the FFIEC and the agencies have 

decided whether and how to proceed 

with this proposed new schedule, a 

separate Federal Register notice will be 

published and, if applicable, a 

submission by the Board will be made 

to OMB. Because of the additional time 

necessary for the FFIEC and the 

agencies to determine the outcome of 

the proposed new FFIEC 002 Schedule 

U and to allow sufficient lead time for 

affected institutions to prepare for any 

resulting new reporting requirements, 

the collection of selected loan 

origination data would not take effect 

before the September 30, 2012, report 

date. 

Request for Comment 

Comments are invited on: 

a. Whether the information 

collections are necessary for the proper 

performance of the agencies’ functions, 

including whether the information has 

practical utility; 

b. The accuracy of the agencies’ 

estimates of the burden of the 

information collections, 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 collections 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. 

Comments submitted in response to 

this notice will be shared among the 

agencies. All comments will become a 

matter of public record. 

Board of Governors of the Federal Reserve 

System, March 5, 2012. 

Jennifer J. Johnson, 

Secretary of the Board. 

[FR Doc. 2012–5714 Filed 3–8–12; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL RESERVE SYSTEM 

Change in Bank Control Notices; 

Acquisitions of Shares of a Bank or 

Bank Holding Company 

The notificants listed below have 

applied under the Change in Bank 

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

§ 225.41 of the Board’s Regulation Y (12 

CFR 225.41) to acquire shares of a bank 

or bank holding company. The factors 

that are considered in acting on the 

notices are set forth in paragraph 7 of 

the Act (12 U.S.C. 1817(j)(7)). 

The notices are available for 

immediate inspection at the Federal 

Reserve Bank indicated. The notices 

also will be available for inspection at 

the offices of the Board of Governors. 

Interested persons may express their 

views in writing to the Reserve Bank 

indicated for that notice or to the offices 

of the Board of Governors. Comments 

must be received not later than March 

26, 2012. 

A. Federal Reserve Bank of Atlanta 

(Chapelle Davis, Assistant Vice 

President) 1000 Peachtree Street NE., 

Atlanta, Georgia 30309: 

1. Bixby Bridge Financial, LP and 

David D. Colburn, as general partner, 

both of Northbrook, Illinois; to 

collectively acquire voting shares of 

PCNB Bancshares, Inc., and thereby 

indirectly acquire voting shares of 

Peoples Community Bank, both in 

Bremen, Georgia. 

B. Federal Reserve Bank of Dallas (E. 

Ann Worthy, Vice President) 2200 

North Pearl Street, Dallas, Texas 75201– 

2272: 

1. Mary Ann Haywood, Bayton, Texas; 

to become Trustee of the Mary Louise 

Greak Estate, and acquire control of 

First Liberty National Bancshares, Inc., 

and thereby indirectly acquire control of 

First Liberty National Bank, both in 

Liberty, Texas. 

Board of Governors of the Federal Reserve 

System, March 6, 2012. 

Robert deV. Frierson, 

Deputy Secretary of the Board. 

[FR Doc. 2012–5756 Filed 3–8–12; 8:45 am] 

BILLING CODE 6210–01–P 


srobinson on DSK4SPTVN1PROD with NOTICES