Federal Register / Vol. 77, No. 52 / Friday, March 16, 2012 / Notices 15755 

FEDERAL DEPOSIT INSURANCE 

CORPORATION 

Update to Notice of Financial 

Institutions for Which the Federal 

Deposit Insurance Corporation Has 

Been Appointed Either Receiver, 

Liquidator, or Manager 

AGENCY: Federal Deposit Insurance 

Corporation. 

ACTION: Update Listing of Financial 

Institutions in Liquidation. 

SUMMARY: Notice is hereby given that 

the Federal Deposit Insurance 

Corporation (Corporation) has been 

appointed the sole receiver for the 

following financial institutions effective 

as of the Date Closed as indicated in the 

listing. This list (as updated from time 

to time in the Federal Register) may be 

relied upon as ‘‘of record’’ notice that 

the Corporation has been appointed 

receiver for purposes of the statement of 

policy published in the July 2, 1992 

issue of the Federal Register (57 FR 

29491). For further information 

concerning the identification of any 

institutions which have been placed in 

liquidation, please visit the Corporation 

Web site at www.fdic.gov/bank/

individual/failed/banklist.html or 

contact the Manager of Receivership 

Oversight in the appropriate service 

center. 

Dated: March 12, 2012. 

Federal Deposit Insurance Corporation. 

Pamela Johnson, 

Regulatory Editing Specialist. 

INSTITUTIONS IN LIQUIDATION

[In alphabetical order] 

FDIC Ref. No. Bank name City State Date closed 

10429 ........... New City Bank ......................................................... Chicago .................................................................... IL ....... 3/9/2012 

[FR Doc. 2012–6417 Filed 3–15–12; 8:45 am] 

BILLING CODE 6714–01–P 

FEDERAL RESERVE SYSTEM 

Agency Information Collection 

Activities: Announcement of Board 

Approval Under Delegated Authority 

and Submission to OMB 

SUMMARY: Background. Notice is hereby 

given of the final approval of a proposed 

information collection by the Board of 

Governors of the Federal Reserve 

System (Board) under OMB delegated 

authority, as per 5 CFR 1320.16 (OMB 

Regulations on Controlling Paperwork 

Burdens on the Public). 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. 

FOR FURTHER INFORMATION CONTACT: 

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. 

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. 

Final Approval Under OMB Delegated 

Authority of the Revision, Without 

Extension, of the Following Reports 

Report title: Consolidated Financial 

Statements for Bank Holding 

Companies. 

Agency form number: FR Y–9C. 

OMB control number: 7100–0128. 

Frequency: Quarterly. 

Reporters: Bank holding companies 

(BHCs). 

Estimated annual reporting hours: 

192,561 hours. 

Estimated average hours per response: 

47.15 hours. 

Number of respondents: 1,021. 

General description of report: This 

information collection is mandatory (12 

U.S.C. 1844(c)). Confidential treatment 

is not routinely given to the data in this 

report. However, confidential treatment 

for the reporting information, in whole 

or in part, can be requested in 

accordance with the instructions to the 

form, pursuant to sections (b)(4), (b)(6) 

and (b)(8) of the Freedom of Information 

Act (5 U.S.C. 552(b)(4), (b)(6) and (b)(8)). 

Abstract: The FR Y–9 family of 

reports historically has been, and 

continues to be, the primary source of 

financial information on BHCs between 

on-site inspections. Financial 

information from these reports is used 

to detect emerging financial problems, 

to review performance and conduct preinspection analysis, to monitor and 

evaluate capital adequacy, to evaluate 

BHC mergers and acquisitions, and to 

analyze a BHC’s overall financial 

condition to ensure safe and sound 

operations. 

The FR Y–9C consists of standardized 

financial statements similar to the 

Federal Financial Institutions 

Examination Council (FFIEC) 

Consolidated Reports of Condition and 

Income (Call Reports) (FFIEC 031 & 041; 

OMB No. 7100–0036) filed by 

commercial banks. The FR Y–9C 

collects consolidated data from top-tier 

BHCs with total consolidated assets of 

$500 million or more. (Under certain 

circumstances defined in the General 

Instructions, BHCs under $500 million 

may be required to file the FR Y–9C.) 

Current Actions: On November 21, 

2011, the Federal Reserve published a 

notice in the Federal Register (76 FR 

71968) requesting public comment for 

60 days on the revision, without 

extension, of the FR Y–9C report. The 

comment period for this notice expired 

on January 20, 2012. The Federal 

Reserve received six comment letters on 

this proposal. In addition, the Federal 

Reserve, Federal Deposit Insurance 

Corporation (FDIC), and Office of the 

Comptroller of the Currency (OCC) (the 

banking agencies) received these six 

comment letters and two additional 

comment letters on proposed revisions 

to the Consolidated Reports of 

Condition and Income (Call Reports) 

(FFIEC 031 & 041; OMB No. 7100–0036) 

that parallel the proposed revisions to 

the FR Y–9C and are taken into 

consideration for this proposal. 

The FR Y–9C changes proposed in the 

Federal Reserve’s November 2011 

Federal Register notice, the first four of 

which were proposed for 

implementation in June 2012 and the 

last of which was proposed for 

implementation in March 2012, 

included: 

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15756 Federal Register / Vol. 77, No. 52 / Friday, March 16, 2012 / Notices 

• A new Schedule HI–C, 

Disaggregated Data on the Allowance for 

Loan and Lease Losses, in which 

institutions with total assets of $1 

billion or more would report a 

breakdown by key loan category of the 

end-of-period allowance for loan and 

lease losses (ALLL) disaggregated on the 

basis of impairment method and the 

end-of-period recorded investment in 

held-for-investment loans and leases 

related to each ALLL balance; 

• A new Schedule HC–U, Loan 

Origination Activity (in Domestic 

Offices), in which institutions with total 

assets of $500 million or more would 

report, separately for several loan 

categories, the quarter-end amount of 

loans (in domestic offices) reported in 

Schedule HC–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; 

• New Memorandum items in 

Schedule HC–N, Past Due and 

Nonaccrual Loans, Leases, and Other 

Assets, for the total outstanding balance 

and related carrying amount of 

purchased credit-impaired loans 

accounted for under Accounting 

Standards Codification (ASC) Subtopic 

310–30 that are past due 30 through 89 

days and still accruing, past due 90 days 

or more and still accruing, and in 

nonaccrual status; 

• New items in Schedule HC–P, 1–4 

Family Residential Mortgage Banking 

Activities, in which institutions with $1 

billion or more in total assets and 

smaller institutions with significant 

mortgage banking activities would 

report the amount of representation and 

warranty reserves for 1–4 family 

residential mortgage loans sold (in 

domestic offices), with separate 

disclosure of reserves for 

representations and warranties made to 

U.S. government and governmentsponsored agencies and to other parties; 

• Instructional revisions addressing 

the discontinued use of specific 

valuation allowances by savings and 

loan holding companies, and the 

accounting and reporting treatment for 

capital contributions in the form of cash 

or notes receivable. 

Further details concerning the 

preceding proposed FR Y–9C reporting 

changes may be found in Sections A.1 

through A.5.(2) of the November 2011 

Federal Register notice. 

Summary of Comments 

The Federal Reserve received 

comment letters from six entities on 

proposed revisions to the FR Y–9C: two 

banking organizations, two bankers’ 

associations, a commercial lending 

software company, and a news 

organization. The banking agencies 

received these six comment letters and 

two additional comment letters from 

banking organizations on proposed 

changes to the Call Report. 

One bankers’ association offered the 

general statement that its ‘‘members 

expressed no concerns with many of the 

[agencies’] proposed revisions.’’ None of 

the commenters specifically addressed 

the reporting changes proposed for 

implementation as of March 31, 2012. 

All eight of the commenters addressed 

one or both of the two new schedules 

proposed to be added to the FR Y–9C as 

of June 30, 2012: Schedule HI–C, 

Disaggregated Data on the Allowance for 

Loan and Lease Losses (ALLL), and 

Schedule HC–U, Loan Origination 

Activity (in Domestic Offices). One 

bankers’ association expressed support 

for the proposed new items for past due 

and nonaccrual purchased creditimpaired loans, which were also 

proposed to be added to the FR Y–9C as 

of June 30, 2012, and recommended 

‘‘that the [banking agencies] adopt these 

proposed revisions without change.’’ 

The news organization supported the 

proposed collection of data on 

representation and warranty reserves for 

1–4 family residential mortgage loans 

beginning June 30, 2012. The Federal 

Reserve concurs with this commenter’s 

suggestion that the instructions for the 

new items for these reserves clarify that 

representations and warranties made to 

mortgage insurers of loans sold fall 

within the scope of these items. 

In addition, the news organization 

recommended that the Federal Reserve 

consider significantly revising the 

information they collect on mortgage 

banking activities in Schedule HC–P by 

adding further detail in certain areas 

and deleting certain existing items. 

These recommendations go well beyond 

the Federal Reserve’s current proposal 

to add new items for representation and 

warranty reserves to Schedule HC–P. 

The Federal Reserve will consider the 

news organization’s ideas in 

conjunction with their evaluation of 

other possible FR Y–9C reporting 

revisions that would be included in a 

future proposal. 

After considering the comments 

received, the Federal Reserve is 

proceeding with the instructional 

revisions proposed for implementation 

as of the March 31, 2012, report date as 

well as the proposed new items for past 

due and nonaccrual purchased creditimpaired loans and representation and 

warranty reserves for 1–4 family 

residential mortgages effective as of the 

June 30, 2012, report date. As for the 

new schedules for disaggregated ALLL 

data and selected loan origination data 

proposed for implementation as of June 

30, 2012, the Federal Reserve is 

continuing to evaluate these two 

proposed schedules in light of the 

comments received and will publish a 

separate Federal Register notice once a 

decision has been made with regard to 

these two proposed schedules. Because 

of the additional time necessary for the 

Federal Reserve to determine the 

outcome of proposed new FR Y–9C 

Schedules HI–C and HC–U and to allow 

sufficient lead time for affected 

institutions to prepare for any resulting 

new reporting requirements, the 

collection of disaggregated ALLL data 

and selected loan origination data 

would not take effect before the 

September 30, 2012, report date. 

The list below summarizes each of the 

FR Y–9C reporting changes included in 

the November 2011 proposal along with 

its implementation status: 

• Proposed new Schedule HI–C, 

Disaggregated Data on the Allowance for 

Loan and Lease Losses: Remains under 

review by the Federal Reserve; not to be 

implemented before September 30, 

2012; 

• Proposed new Schedule HC–U, 

Loan Origination Activity (in Domestic 

Offices): Remains under review by the 

Federal Reserve; not to be implemented 

before September 30, 2012; 

• New Memorandum items in 

Schedule HC–N, Past Due and 

Nonaccrual Loans, Leases, and Other 

Assets: Implement June 30, 2012; 

• New items in Schedule HC–P, 1–4 

Family Residential Mortgage Banking 

Activities: Implement June 30, 2012; 

• Instructional revisions addressing 

the discontinuation of certain valuation 

allowances by savings and loan holding 

companies; and the accounting and 

reporting treatment for certain capital 

contributions: Implement March 31, 

2012. 

Consistent with longstanding practice, 

for the June 30, 2012, report date, 

institutions may provide reasonable 

estimates for any new or revised FR Y– 

9C reporting item initially required to be 

reported as of that date for which the 

requested information is not readily 

available. 

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Federal Register / Vol. 77, No. 52 / Friday, March 16, 2012 / Notices 15757 

Board of Governors of the Federal Reserve 

System, March 12, 2012. 

Jennifer J. Johnson, 

Secretary of the Board. 

[FR Doc. 2012–6332 Filed 3–15–12; 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: Notice is hereby given of the 

final approval of a proposed information 

collection by the Board of Governors of 

the Federal Reserve System (Board) 

under OMB delegated authority, as per 

5 CFR 1320.16 (OMB Regulations on 

Controlling Paperwork Burdens on the 

Public). 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 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. 

FOR FURTHER INFORMATION CONTACT: 

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. 

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. 

Final Approval Under OMB Delegated 

Authority of the Extension for Three 

Years, Without Revision, of the 

Following Report 

Report title: Recordkeeping 

Requirements of Regulation H and 

Regulation K Associated with Bank 

Secrecy Act Compliance Programs. 

Agency form number: Reg K. 

OMB control number: 7100–0310. 

Frequency: Annually. 

Reporters: State member banks; Edge 

and agreement corporations; and U.S. 

branches, agencies, and other offices of 

foreign banks supervised by the Federal 

Reserve. 

Estimated annual reporting hours: 

Establish compliance program, 128 

hours; and maintenance of compliance 

program, 4,476 hours. 

Estimated average hours per response: 

Establish compliance program, 16 

hours; and maintenance of compliance 

program, 4 hours. 

Number of respondents: Establish 

compliance program, 8; and 

maintenance of compliance program, 

1,119. 

General description of report: This 

information collection is mandatory 

pursuant to the Bank Secrecy Act (BSA) 

(31 U.S.C. 513(h)). In addition, sections 

11, 21, 25, and 25A of the Federal 

Reserve Act (12 U.S.C. 248(a), 483, 602, 

and 611(a)) authorize the Federal 

Reserve to require the information 

collection and recordkeeping 

requirements set forth in Regulations K 

and H. Section 5 of the Bank Holding 

Company Act (12 U.S.C. 1844) and 

section 13(a) of the International 

Banking Act (12 U.S.C. 3108(a)) provide 

further authority for sections 211.5(m) 

and 211.24(j)(1) of Regulation K. Since 

the Federal Reserve does not collect any 

information, no issue of confidentiality 

normally arises. However, if a BSA 

compliance program becomes a Federal 

Reserve record during an examination, 

the information may be protected from 

disclosure under exemptions (b)(4) and 

(8) of the Freedom of Information Act (5 

U.S.C. 552(b)(4) and (b)(8)). 

Abstract: Sections 211.5(m)(1) and 

211.24(j)(1) of Regulation K require Edge 

and agreement corporations and U.S. 

branches, agencies, and other offices of 

foreign banks supervised by the Federal 

Reserve to establish and maintain 

procedures reasonably designed to 

ensure and monitor compliance with 

the Bank Secrecy Act (BSA) and related 

regulations. Section 208.63 of 

Regulation H requires state member 

banks to establish and maintain the 

same procedures. There are no required 

reporting forms associated with this 

information collection. 

Current actions: On January 6, 2012, 

the Federal Reserve published a notice 

in the Federal Register (77 FR 794) 

requesting public comment for 60 days 

on the extension, without revision, of 

the Recordkeeping Requirements of 

Regulation H and Regulation K 

Associated with Bank Secrecy Act 

Compliance Programs. The comment 

period for this notice expired on March 

6, 2012. The Federal Reserve did not 

receive any comments. 

Board of Governors of the Federal Reserve 

System, March 12, 2012. 

Jennifer J. Johnson, 

Secretary of the Board. 

[FR Doc. 2012–6347 Filed 3–15–12; 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 April 12, 

2012. 

A. Federal Reserve Bank of St. Louis 

(Glenda Wilson, Community Affairs 

Officer) P.O. Box 442, St. Louis, 

Missouri 63166–2034: 

1. River Valley Bancorp Employee 

Stock Ownership Plan and Trust, 

Madison, Indiana; to acquire voting 

shares of River Valley Bancorp, Inc., and 

thereby indirectly acquire voting shares 

of River Valley Financial Bank, both in 

Madison, Indiana. 

Board of Governors of the Federal Reserve 

System, March 13, 2012. 

Robert deV. Frierson, 

Deputy Secretary of the Board. 

[FR Doc. 2012–6436 Filed 3–15–12; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL TRADE COMMISSION 

Agency Information Collection 

Activities; Submission for OMB 

Review; Comment Request 

AGENCY: Federal Trade Commission 

(‘‘FTC’’ or ‘‘Commission’’). 

ACTION: Notice. 

SUMMARY: The FTC intends to ask the 

Office of Management and Budget 

(‘‘OMB’’) to extend through March 31, 

2015, the current Paperwork Reduction 

Act (‘‘PRA’’) clearance for the 

information collection requirements in 

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