80244 Federal Register / Vol. 89, No. 191 / Wednesday, October 2, 2024 / Notices 

screening in order to inspect and 

photocopy comments. 

Additionally, commenters may send a 

copy of their comments to the 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. 

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. 

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. In exercising 

this delegated authority, the Board is 

directed to take every reasonable step to 

solicit comment. In determining 

whether to approve a collection of 

information, the Board will consider all 

comments received from the public and 

other agencies. 

During the comment period for this 

proposal, a copy of the proposed PRA 

OMB submission, including the draft 

reporting form and instructions, 

supporting statement (which contains 

more detail about the information 

collection and burden estimates than 

this notice), and other documentation, 

will be made available on the Board’s 

public website at https://

www.federalreserve.gov/apps/ 

reportingforms/home/review or may be 

requested from the agency clearance 

officer, whose name appears above. On 

the page displayed at the link above, 

you can find the supporting information 

by referencing the collection identifier, 

FR 4001. Final versions of these 

documents will be made available at 

https://www.reginfo.gov/public/do/ 

PRAMain, if approved. 

Request for Comment on Information 

Collection Proposal 

The Board invites public comment on 

the following information collection, 

which is being reviewed under 

authority delegated by the OMB under 

the PRA. Comments are invited on the 

following: 

a. Whether the proposed collection of 

information is necessary for the proper 

performance of the Board’s functions, 

including whether the information has 

practical utility; 

b. The accuracy of the Board’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 startup costs 

and costs of operation, maintenance, 

and purchase of services to provide 

information. 

At the end of the comment period, the 

comments and recommendations 

received will be analyzed to determine 

the extent to which the Board should 

modify the proposal. 

Proposal Under OMB Delegated 

Authority To Extend for Three Years, 

Without Revision, the Following 

Information Collection 

Collection title: Domestic Branch 

Application. 

Collection identifier: FR 4001. 

OMB control number: 7100–0097. 

General description of collection: The 

Federal Reserve Act and the Board’s 

Regulation H—Membership of State 

Banking Institutions in the Federal 

Reserve System (12 CFR part 208) 

require a state member bank to seek 

prior approval of the Federal Reserve 

System before establishing or acquiring 

a domestic branch. Such requests for 

approval must be filed as applications at 

the appropriate Reserve Bank for the 

state member bank. Due to the limited 

information that a state member bank 

generally has to provide for branch 

proposals, there is no formal reporting 

form for a domestic branch application. 

A state member bank is required to 

notify the Federal Reserve by letter of its 

intent to establish one or more new 

branches and provide evidence that 

public notice of the proposed branch(es) 

has been published by the state member 

bank in the appropriate newspaper(s). 

The applicant may include with its 

letter a copy of the Conference of State 

Bank Supervisors Uniform Interstate 

Application/Notice form. The Federal 

Reserve uses the information provided 

by the applicant to fulfill its statutory 

obligation to review branch applications 

before acting on the proposals and to 

otherwise supervise state member 

banks. 

Frequency: Event-generated. 

Respondents: State member banks. 

Total estimated number of 

respondents: 179. 

Total estimated annual burden hours: 

425. 

Board of Governors of the Federal Reserve 

System, September 27, 2024. 

Benjamin W. McDonough, 

Deputy Secretary and Ombuds of the Board. 

[FR Doc. 2024–22636 Filed 10–1–24; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL RESERVE SYSTEM 

Proposed Agency Information 

Collection Activities; Comment 

Request 

AGENCY: Board of Governors of the 

Federal Reserve System. 

ACTION: Notice, request for comment. 

SUMMARY: The Board of Governors of the 

Federal Reserve System (Board) invites 

comment on a proposal to extend for 

three years, with revision, the Financial 

Statements for Holding Companies (FR 

Y–9; OMB No. 7100–0128) and to 

revise, without extension, the Capital 

Assessments and Stress Testing Reports 

(FR Y–14A/Q/M; OMB No. 7100–0341). 

DATES: Comments must be submitted on 

or before December 2, 2024. 

ADDRESSES: You may submit comments, 

identified by FR Y–9 or FR Y–14A/Q/M, 

by any of the following methods: 

• Agency Website: https://

www.federalreserve.gov/. Follow the 

instructions for submitting comments at 

https://www.federalreserve.gov/apps/ 

foia/proposedregs.aspx. 

• Email: regs.comments@

federalreserve.gov. Include the OMB 

number or FR number in the subject line 

of the message. 

• FAX: (202) 452–3819 or (202) 452– 

3102. 

• Mail: Federal Reserve Board of 

Governors, Attn: Ann E. Misback, 

Secretary of the Board, Mailstop M– 

4775, 2001 C St NW, Washington, DC 

20551. 

All public comments are available 

from the Board’s website at https://

www.federalreserve.gov/apps/foia/ 

proposedregs.aspx as submitted, unless 

modified for technical reasons or to 

remove personally identifiable 

information at the commenter’s request. 

Accordingly, comments will not be 

edited to remove any confidential 

business information, identifying 

information, or contact information. 

Public comments may also be viewed 

electronically or in paper in Room M– 

4365A, 2001 C St NW, Washington, DC 

20551, between 9:00 a.m. and 5:00 p.m. 

on weekdays, except for Federal 

holidays. For security reasons, the 

Board requires that visitors make an 

appointment to inspect comments. You 


lotter on DSK11XQN23PROD with NOTICES1
Federal Register / Vol. 89, No. 191 / Wednesday, October 2, 2024 / Notices 80245 

1 In addition to the FR Y–9, the Board proposes 

to revise without extension the Capital Assessments 

and Stress Testing Reports (FR Y–14A/Q/M; OMB 

No. 7100–0341) as a part of this clearance package. 

The revisions are explained below. 

may do so by calling (202) 452–3684. 

Upon arrival, visitors will be required to 

present valid government-issued photo 

identification and to submit to security 

screening in order to inspect and 

photocopy comments. 

Additionally, commenters may send a 

copy of their comments to the 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. 

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. 

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. In exercising 

this delegated authority, the Board is 

directed to take every reasonable step to 

solicit comment. In determining 

whether to approve a collection of 

information, the Board will consider all 

comments received from the public and 

other agencies. 

During the comment period for this 

proposal, a copy of the proposed PRA 

OMB submission, including the draft 

reporting form and instructions, 

supporting statement (which contains 

more detail about the information 

collection and burden estimates than 

this notice), and other documentation, 

will be made available on the Board’s 

public website at https://

www.federalreserve.gov/apps/ 

reportingforms/home/review or may be 

requested from the agency clearance 

officer, whose name appears above. On 

the page displayed at the link above, 

you can find the supporting information 

by referencing the collection identifier, 

FR Y–9 or FR Y–14A/Q/M. Final 

versions of these documents will be 

made available at https://

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

approved. 

Request for Comment on Information 

Collection Proposal 

The Board invites public comment on 

the following information collection, 

which is being reviewed under 

authority delegated by the OMB under 

the PRA. Comments are invited on the 

following: 

a. Whether the proposed collection of 

information is necessary for the proper 

performance of the Board’s functions, 

including whether the information has 

practical utility; 

b. The accuracy of the Board’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 startup costs 

and costs of operation, maintenance, 

and purchase of services to provide 

information. 

At the end of the comment period, the 

comments and recommendations 

received will be analyzed to determine 

the extent to which the Board should 

modify the proposal. 

Proposal Under OMB Delegated 

Authority To Extend for Three Years, 

With Revision, the Following 

Information Collection 

Collection title: Financial Statements 

for Holding Companies.1

Collection identifier: FR Y–9 reports. 

OMB control number: 7100–0128. 

General description of collection: The 

Board requires bank holding companies, 

most savings and loan holding 

companies, securities holding 

companies, and U.S. intermediate 

holding companies (collectively, HCs) to 

provide standardized financial 

statements through one or more of the 

FR Y–9 reports. The information 

collected on the FR Y–9 reports is 

necessary for the Board to identify 

emerging financial risks and monitor the 

safety and soundness of HC operations. 

The Consolidated Financial 

Statements for Holding Companies (FR 

Y–9C) consists of standardized financial 

statements for HCs similar to the Call 

Reports filed by commercial banks. The 

FR Y–9C collects consolidated data and 

is filed quarterly by top-tier HCs with 

total consolidated assets of $3 billion or 

more. 

The Parent Company Only Financial 

Statements for Large Holding 

Companies (FR Y–9LP), must be 

submitted quarterly by each HC that 

files the FR Y–9C, as well as by each of 

its subsidiary HCs. The report consists 

of standardized financial statements, 

including the following schedules: 

Income Statement, Cash Flow 

Statement, Balance Sheet, Investments 

in Subsidiaries and Associated 

Companies, Memoranda, and Notes to 

the Parent Company Only Financial 

Statements. 

The Parent Company Only Financial 

Statements for Small Holding 

Companies (FR Y–9SP), is filed 

semiannually by HCs with total 

consolidated assets of less than $3 

billion. In a banking organization with 

total consolidated assets of less than $3 

billion that has tiered HCs, each HC in 

the organization must submit, or have 

the top-tier HC submit on its behalf, a 

separate FR Y–9SP. This report collects 

basic balance sheet and income data for 

the parent company, as well as data on 

its intangible assets and intercompany 

transactions. 

The Financial Statements for 

Employee Stock Ownership Plan 

Holding Companies (FR Y–9ES) is filed 

annually by each employee stock 

ownership plan (ESOP) that is also an 

HC. The report collects financial data on 

the ESOP’s benefit plan activities. The 

FR Y–9ES consists of four schedules: 

Statement of Changes in Net Assets 

Available for Benefits, Statement of Net 

Assets Available for Benefits, 

Memoranda, and Notes to the Financial 

Statements. 

The instructions to each of the FR Y– 

9C, FR Y–9LP, FR Y–9SP, and FR Y– 

9ES state that respondent HCs should 

retain workpapers and other records 

used in the preparation of the reports for 

a period of three years following 

submission. In addition, HCs must 

maintain in their files a manually signed 

and attested printout of the data 

submitted under each form for a period 

of three years. 

The Supplement to the Consolidated 

Financial Statements for Holding 

Companies (FR Y–9CS) is a voluntary, 

free-form supplemental report that the 

Board may utilize to collect critical 

additional data deemed to be needed 

from HCs in an expedited manner. The 

FR Y–9CS data collections are used to 

assess and monitor emerging issues 

related to HCs, and the report is 

intended to supplement the other FR Y– 

9 reports. The data requested by the FR 

Y–9CS would depend on the Board’s 

data needs in any given situation. For 

example, changes made by the Financial 

Accounting Standards Board may 

introduce into generally accepted 

accounting principles new data items 

that are not currently collected by the 

other FR Y–9 reports. The Board could 

use the FR Y–9CS report to collect these 


lotter on DSK11XQN23PROD with NOTICES1
80246 Federal Register / Vol. 89, No. 191 / Wednesday, October 2, 2024 / Notices 

2See 89 FR 45046 (May 22, 2024). 

data until the items are implemented 

into the other FR Y–9 reports. 

Proposed revisions: 

The Board proposes to revise the FR 

Y–9C by (1) adding new line items to 

gather additional information regarding 

loans to nondepository financial 

institutions (NDFIs), (2) revising the 

instructions to include additional detail 

on the types of loans that should be 

reported as loans to NDFIs, (3) adding 

a new line item to capture the amount 

of structured financial products 

guaranteed by U.S. Government or 

sponsored agencies, (4) revising the 

instructions to permit HCs to use 

electronic signatures to comply with the 

FR Y–9C signature and attestation 

requirement, and (5) making other 

minor clarifications and conforming 

edits to the form and instructions. These 

revisions would also be consistent with 

proposed revisions 2 to the Federal 

Financial Institutions Examination 

Council (FFIEC) Consolidated Reports of 

Condition and Income (Call Reports) 

(FFIEC 031, FFIEC 041, and FFIEC 051; 

OMB No. 7100–0036). 

The Board also proposes to revise the 

FR Y–9LP to instruct holding companies 

to report leases in accordance with 

Accounting Standards Update 2016–02, 

‘‘Leases’’ (ASU 2016–02). There are no 

proposed revisions at this time for the 

FR Y–9SP, FR Y–9ES, or FR Y–9CS. 

The Board also proposes to revise the 

Capital Assessments and Stress Testing 

Reports (FR Y–14A/Q/M; OMB No. 7100 

0341) FR Y–14Q to align Schedule H.1, 

item 26, with the FR Y–9C proposed 

line items related to NDFIs. This change 

would have no effect on the hourly 

burden for the FR Y–14Q. There are no 

proposed revisions to the FR Y–14A/M 

as a part of this clearance. There is a 

separate notice for comment on the 

extension, with revision, of the FR Y– 

14A/Q/M, which published in the 

Federal Register on June 21, 2024 (89 

FR 52042), and contains a full 

description of the FR Y–14A/Q/M 

information collection, including 

respondent burden estimates. The 

revisions proposed in that notice are 

unrelated to this revision. After 

considering any comments received 

related to all proposed revisions of the 

FR Y–14A/Q/M, the Board may finalize 

all FR Y–14A/Q/M revisions in a single 

Federal Register notice and supporting 

statement, separate from any Federal 

Register notice and supporting 

statement related to the FR Y–9. 

All proposed changes mentioned 

above would take effect as of the 

December 31, 2024, report date. 

Frequency: Quarterly, semiannual, 

annual, and as needed. 

Respondents: HCs. 

Total estimated number of 

respondents: 

Reporting: 

FR Y–9C (non-advanced approaches 

holding companies with less than $5 

billion in total assets): 107; FR Y–9C 

(non-advanced approaches holding 

companies with $5 billion or more in 

total assets): 236; FR Y–9C (advanced 

approaches holding companies): 9; FR 

Y–9LP: 411; FR Y–9SP: 3,596; FR Y– 

9ES: 73; FR Y–9CS: 236. 

Recordkeeping: 

FR Y–9C: 352; FR Y–9LP: 411; FR Y– 

9SP: 3,596; FR Y–9ES: 73; FR Y–9CS: 

236. 

Estimated average hours per response: 

Reporting: 

FR Y–9C (non-advanced approaches 

holding companies with less than $5 

billion in total assets): 35.59; FR Y–9C 

(non-advanced approaches holding 

companies with $5 billion or more in 

total assets): 44.23; FR Y–9C (advanced 

approaches holding companies): 50.76; 

FR Y–9LP: 5.27; FR Y–9SP: 5.45; FR Y– 

9ES: 0.50; FR Y–9CS: 0.50. 

Recordkeeping: 

FR Y–9C: 1; FR Y–9LP: 1; FR Y–9SP: 

0.50; FR Y–9ES: 0.50; FR Y–9CS: 0.50. 

Total estimated change in burden: 

794. 

Total estimated annual burden hours: 

115,283. 

Board of Governors of the Federal Reserve 

System, Sepetember 27, 2024. 

Benjamin W. McDonough, 

Deputy Secretary and Ombuds of the Board. 

[FR Doc. 2024–22638 Filed 10–1–24; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL RESERVE SYSTEM 

Proposed Agency Information 

Collection Activities; Comment 

Request 

AGENCY: Board of Governors of the 

Federal Reserve System. 

ACTION: Notice, request for comment. 

SUMMARY: The Board of Governors of the 

Federal Reserve System (Board) invites 

comment on a proposal to extend for 

three years, without revision, the 

Supervisory and Regulatory Survey (FR 

3052; OMB No. 7100–0322). 

DATES: Comments must be submitted on 

or before December 2, 2024. 

ADDRESSES: You may submit comments, 

identified by FR 3052, by any of the 

following methods: 

• Agency Website: https://

www.federalreserve.gov/. Follow the 

instructions for submitting comments at 

https://www.federalreserve.gov/apps/ 

foia/proposedregs.aspx. 

• Email: regs.comments@

federalreserve.gov. Include the OMB 

number or FR number in the subject line 

of the message. 

• FAX: (202) 452–3819 or (202) 452– 

3102. 

• Mail: Federal Reserve Board of 

Governors, Attn: Ann E. Misback, 

Secretary of the Board, Mailstop M– 

4775, 2001 C St NW, Washington, DC 

20551. 

All public comments are available 

from the Board’s website at https://

www.federalreserve.gov/apps/foia/ 

proposedregs.aspx as submitted, unless 

modified for technical reasons or to 

remove personally identifiable 

information at the commenter’s request. 

Accordingly, comments will not be 

edited to remove any confidential 

business information, identifying 

information, or contact information. 

Public comments may also be viewed 

electronically or in paper in Room M– 

4365A, 2001 C St NW, Washington, DC 

20551, between 9:00 a.m. and 5:00 p.m. 

on weekdays, except for Federal 

holidays. For security reasons, the 

Board requires that visitors make an 

appointment to inspect comments. You 

may do so by calling (202) 452–3684. 

Upon arrival, visitors will be required to 

present valid government-issued photo 

identification and to submit to security 

screening in order to inspect and 

photocopy comments. 

Additionally, commenters may send a 

copy of their comments to the 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. 

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. 

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. In exercising 

this delegated authority, the Board is 

directed to take every reasonable step to 

solicit comment. In determining 

whether to approve a collection of 

information, the Board will consider all 


lotter on DSK11XQN23PROD with NOTICES1