85886 Federal Register / Vol. 88, No. 236 / Monday, December 11, 2023 / Notices 

1 12 CFR 211.21(o). 

2 More detailed information regarding this 

collection, including more detailed burden 

estimates, can be found in the OMB Supporting 

Statement posted at https://www.federalreserve.gov/ 

apps/reportingforms/home/review. On the page 

displayed at the link, you can find the OMB 

Supporting Statement by referencing the collection 

identifier, FR Y–7N, FR Y–7NS, and FR Y–7Q. 

(5 U.S.C. App 2 10(a)(2)) 

Federal Communications Commission. 

Jodie May, 

Division Chief, Competition Policy Division, 

Wireline Competition Bureau. 

[FR Doc. 2023–27071 Filed 12–8–23; 8:45 am] 

BILLING CODE 6712–01–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, with revision, the Reports of 

Foreign Banking Organizations (FR Y– 

7N, FR Y–7NS, and FR Y–7Q; OMB No. 

7100–0125). 

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, nuha.elmaghrabi@frb.gov, (202) 

452–3884. 

Office of Management and Budget 

(OMB) Desk Officer for the Federal 

Reserve Board, 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 approve and 

assign OMB control numbers to 

collections of information conducted or 

sponsored by the Board. Boardapproved collections of information are 

incorporated into the official OMB 

inventory of currently approved 

collections of information. The OMB 

inventory, as well as copies of the PRA 

Submission, supporting statements, and 

approved collection of information 

instrument(s) are available at https://

www.reginfo.gov/public/do/PRAMain. 

These documents are also available on 

the Federal Reserve Board’s public 

website at https://

www.federalreserve.gov/apps/ 

reportforms/review.aspx or may be 

requested from the agency clearance 

officer, whose name appears above. 

Final Approval Under OMB Delegated 

Authority of the Extension for Three 

Years, With Revision, of the Following 

Information Collection 

Collection title: Reports of Foreign 

Banking Organizations. 

Collection identifier: FR Y–7N, FR Y– 

7NS, and FR Y–7Q. 

OMB control number: 7100–0125. 

Effective Date: December 31, 2023, asof date for FR Y–7Q respondents that 

are also required to file the FR Y–15 

report; December 31, 2024, for all other 

FR Y–7Q respondents. 

General description of collection: The 

FR Y–7N and FR Y–7NS collect 

financial information for certain nonfunctionally regulated U.S. nonbank 

subsidiaries held by foreign banking 

organizations (FBOs) other than through 

a U.S. bank holding company (BHC), 

financial holding company (FHC), or 

U.S. bank. For purposes of these reports, 

an FBO is a foreign bank that operates 

a branch, agency, or commercial lending 

company subsidiary in the United 

States; controls a bank in the United 

States; or controls an Edge corporation 

acquired after March 5, 1987.1 FBOs file 

the FR Y–7N quarterly or annually or 

the FR Y–7NS annually predominantly 

based on asset size thresholds. The FR 

Y–7Q collects consolidated regulatory 

capital information from all FBOs either 

quarterly or annually. 

The Federal Reserve uses the data 

collected on the FR Y–7N, FR Y–7NS, 

and FR Y–7Q to assess an FBO’s ability 

to be a continuing source of strength to 

its U.S. operations and to determine 

compliance with applicable U.S. laws 

and regulations. 

Frequency: Quarterly, annually. 

Respondents: FR Y–7N/NS: Nonfunctionally regulated U.S. nonbank 

subsidiaries held by FBOs other than 

through a BHC, FHC, or U.S. bank; FR 

Y–7Q: All FBOs. 

Total estimated number of 

respondents: 210. 

Total estimated change in burden: 

510. 

Total estimated annual burden hours: 

2,610.2

Current actions: On May 27, 2022, the 

Board published a notice in the Federal 

Register (87 FR 32614) requesting 

public comment for 60 days on the 

extension, with revision, of the FR Y– 

7N, FR Y–7NS, and FR Y–7Q. The 

Board proposed to revise the FR Y–7Q 

report to: (1) add a line item on Part 1A., 

Capital and Asset Information for the 

Top-tier Foreign Banking Organization, 

to collect the total combined U.S. assets 

net of intercompany balances and 

transactions on a quarterly average 

basis; (2) remove the option of filing on 

a fiscal year basis and to instead require 

the respondent to file on a calendar 

period basis; (3) change the filing 

deadline from 90 days after quarter-end 

to 30 days after quarter-end for quarterly 

filers and from 90 days after quarter-end 

to 45 days for annual filers; (4) remove 

line item 8, as-of financial date, in Part 

1A and line item 6, as-of financial date, 

in Part 2, as the elimination of the fiscal 

year basis reporting makes these items 

unnecessary; and (5) make other minor 

clarifications and conforming edits to 

the form and instructions. The comment 

period for this notice expired on July 26, 

2022. 

Detailed Discussion of Public 

Comments 

The Board received a joint comment 

from two trade associations and a 

comment from an individual banking 

organization, as well as additional 

feedback through industry outreach. 

The commenters did not support the 

proposed revisions. 

Commenters expressed concern that 

the proposed line item for top-tier FBOs 

to report total combined U.S. assets net 

of intercompany balances and 

transactions on a quarterly average 

using daily data would impose 

significant operational costs on FBOs 

that do not currently perform the 

calculation. Specifically, commenters 

recommended instead to require the line 

item only for FBOs that file the FR Y– 

15 and are in Categories II and III (and 

potentially Category IV) of the enhanced 

prudential standards applicable to FBOs 

under Regulation YY. Commenters also 

recommended a longer implementation 

period and allowing averaging for the 

line item to use monthly data when 

calculating the averages. 

In response to the comments received, 

the Board has decided to implement the 

new line item 6(b) as an average 

combined U.S. operations asset 

calculation using monthly data. The 

calculation would consist of providing 

the average of the three month-end 

balances within the quarter. Annual 

filers would provide the average of the 

three month-end balances of the fourth 

quarter of that filing year. Respondents 

that currently file the FR Y–15 would 

have this line item automatically 

retrieved to the FR Y–7Q from the FR 

Y–15. The Board believes the modified 


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Federal Register / Vol. 88, No. 236 / Monday, December 11, 2023 / Notices 85887 

requirement accommodates required 

updates to FBO reporting systems. 

Commenters also recommended 

retaining the option for FBOs to file the 

FR Y–7Q on a fiscal year basis. 

Commenters stated that FBOs that 

follow a non-calendar fiscal year base 

their home country reporting 

requirements, internal and external 

financial reporting, and management 

information systems around the 90-day 

filing deadline for the FR Y–7Q. 

In response to the comments received, 

the Board will move forward with a 

modified approach so that only the 

following three items that capture U.S. 

assets would be required to be filed on 

a calendar period basis: Line item 6(a)— 

Total combined U.S. assets net of 

intercompany balances and 

transactions; Line item 6(b)—Total 

combined U.S. assets net of 

intercompany balances and 

transactions, based on a quarterly 

average; and Line item 7—Total onbranch assets. The remaining line items 

on the FRY–7Q will continue to be 

collected with fiscal filing as an option. 

The Board has also decided to retain 

line item 8, as-of financial date, in Part 

1A and line item 6, as-of financial date, 

in Part 2, in order to continue the use 

of the fiscal filing option, which will 

only apply to non-U.S. asset line items. 

FR Y–7Q respondents that are required 

to file the FR Y–15 would have already 

submitted total combined U.S. assets net 

of intercompany balances and 

transactions, given that the FR Y–15 is 

due 50 calendar days after March 31, 

June 30 and September 30, and 65 days 

after December 31. Individual 

respondents that believe the information 

they are required to submit under the 

FR Y–7Q is nonpublic commercial or 

financial information, which is both 

customarily and treated as private by 

the respondent, may request 

confidential treatment of such 

information under exemption 4 of the 

FOIA. 

Finally, commenters expressed 

concern about shortening the filing 

deadline for the FR Y–7Q because firms 

may need more than 30 days to provide 

capital adequacy information to their 

home country supervisor before they 

report it on the FR Y–7Q. Commenters 

stated that modifying home country 

reporting frameworks to file the 

information on an accelerated timetable 

based on the FR Y–7Q would require 

significant resources. 

In response to the comments received, 

the Board has modified the proposal to 

stagger implementation filing deadlines. 

The modified proposal would be 

implemented in two phases. Under 

phase one, effective as of December 31, 

2023, all FR Y–7Q filers that file the FR 

Y–15 would report no later than 70 days 

after the report date. The remaining 

filers would have 90 days to file the FR 

Y–7Q after calendar end. Under phase 

two, effective as of December 31, 2024, 

all remaining FR Y–7Q filers would 

report no later than 70 days after the 

report date. Moving this implementation 

date to December 31, 2024, from the 

originally proposed December 31, 2022, 

would allow additional time for 

respondents to implement the necessary 

system enhancements. Further, fiscal 

filers with a report date after the 

calendar quarter-end periods (e.g. 

January 31, April 30, July 31 and 

October 31) inherently have additional 

time to submit the FR Y–7Q. 

Board of Governors of the Federal Reserve 

System, December 5, 2023. 

Michele Taylor Fennell, 

Deputy Associate Secretary of the Board. 

[FR Doc. 2023–27055 Filed 12–8–23; 8:45 am] 

BILLING CODE 6210–01–P 

DEPARTMENT OF HEALTH AND 

HUMAN SERVICES 

Centers for Disease Control and 

Prevention 

[60Day–24–1385; Docket No. CDC–2024– 

0098] 

Proposed Data Collection Submitted 

for Public Comment and 

Recommendations 

AGENCY: Centers for Disease Control and 

Prevention (CDC), Department of Health 

and Human Services (HHS). 

ACTION: Notice with comment period. 

SUMMARY: The Centers for Disease 

Control and Prevention (CDC), as part of 

its continuing effort to reduce public 

burden and maximize the utility of 

government information, invites the 

general public and other Federal 

agencies the opportunity to comment on 

a continuing information collection, as 

required by the Paperwork Reduction 

Act of 1995. This notice invites 

comment on a proposed information 

collection project titled Characteristics 

of Cases of Priority Fungal Diseases. 

These case report forms (CRFs) collect 

information on patient demographics, 

underlying conditions, diagnosis, 

treatments, healthcare utilization, and 

outcomes of patients with 

coccidioidomycosis, histoplasmosis, 

blastomycosis, Candida auris, triazoleresistant Aspergillus fumigatus infection 

or colonization, or antifungal-resistant 

dermatophytosis. 

DATES: CDC must receive written 

comments on or before February 9, 

2024. 

ADDRESSES: You may submit comments, 

identified by Docket No. CDC–2024– 

0098 by either of the following methods: 

• Federal eRulemaking Portal: 

www.regulations.gov. Follow the 

instructions for submitting comments. 

• Mail: Jeffrey M. Zirger, Information 

Collection Review Office, Centers for 

Disease Control and Prevention, 1600 

Clifton Road NE, MS H21–8, Atlanta, 

Georgia 30329. 

Instructions: All submissions received 

must include the agency name and 

Docket Number. CDC will post, without 

change, all relevant comments to 

www.regulations.gov. 

Please note: Submit all comments 

through the Federal eRulemaking portal 

(www.regulations.gov) or by U.S. mail to 

the address listed above. 

FOR FURTHER INFORMATION CONTACT: To 

request more information on the 

proposed project or to obtain a copy of 

the information collection plan and 

instruments, contact Jeffrey M. Zirger, 

Information Collection Review Office, 

Centers for Disease Control and 

Prevention, 1600 Clifton Road NE, MS 

H21–8, Atlanta, Georgia 30329; 

Telephone: 404–639–7570; Email: omb@

cdc.gov. 

SUPPLEMENTARY INFORMATION: Under the 

Paperwork Reduction Act of 1995 (PRA) 

(44 U.S.C. 3501–3520), Federal agencies 

must obtain approval from the Office of 

Management and Budget (OMB) for each 

collection of information they conduct 

or sponsor. In addition, the PRA also 

requires Federal agencies to provide a 

60-day notice in the Federal Register 

concerning each proposed collection of 

information, including each new 

proposed collection, each proposed 

extension of existing collection of 

information, and each reinstatement of 

previously approved information 

collection before submitting the 

collection to the OMB for approval. To 

comply with this requirement, we are 

publishing this notice of a proposed 

data collection as described below. 

The OMB is particularly interested in 

comments that will help: 

1. Evaluate whether the proposed 

collection of information is necessary 

for the proper performance of the 

functions of the agency, including 

whether the information will have 

practical utility; 

2. Evaluate the accuracy of the 

agency’s estimate of the burden of the 

proposed collection of information, 

including the validity of the 

methodology and assumptions used; 


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