10486 Federal Register / Vol. 80, No. 38 / Thursday, February 26, 2015 / Notices 

excluded from reporting in 

Memorandum item 1, consistent with 

the revised regulatory capital rules. 

The Federal Reserve did not receive 

any comments on memoranda items 2, 

3 or 4, and will implement as proposed. 

2. Proposed FR Y–9C, Schedule HC–L 

FR Y–9C, Schedule HC–L collects 

regulatory data on derivatives and offbalance sheet items. The Federal 

Reserve proposed to revise the reporting 

requirements for off-balance sheet 

exposures related to securities lent and 

borrowed, consistent with the revised 

regulatory capital rules. Compared to 

the current schedule, the proposed 

changes to Schedule HC–L would 

require all banking organizations to 

report the amount of securities 

borrowed. At present, banking 

organizations include the amount of 

securities borrowed in the total amount 

of all other off-balance sheet liabilities 

reported in item 9 of Schedule HC–L if 

the amount of securities borrowed is 

more than 10 percent of total holding 

company equity capital and they 

disclose the amount of securities 

borrowed if that amount is more than 25 

percent of total holding company equity 

capital. In addition, the proposed 

changes to Schedule HC–L would 

require institutions to report securities 

borrowed in a new item 6.b immediately 

after the line item for securities lent, 

which would be renumbered from item 

6 to item 6.a. 

One commenter noted that the current 

instructions for item 9 state to ‘‘report 

all securities borrowed against collateral 

(other than cash)’’ for such purposes as 

serving ‘‘as a pledge against deposit 

liabilities or delivery against short 

sales,’’ whereas the current instructions 

for item 6 state to report all securities 

owned that are ‘‘lent against collateral 

or on an uncollateralized basis.’’ The 

commenter characterizes current item 9 

as inclusive of only certain types of 

securities borrowings such as those 

collateralized by ‘‘other than cash’’ and 

those ‘‘for purposes as a pledge against 

deposit liabilities or short sales,’’ 

whereas current item 6 covers all types 

of securities lending regardless of the 

type of collateral. The commenter 

suggested clarifying the scope of these 

two items. 

The Federal Reserve will clarify the 

instructions for new item 6(b) to state 

that institutions should report all types 

of securities borrowing, regardless of 

collateral type or purpose. The phrases 

‘‘other than cash’’ and ‘‘for such 

purpose as a pledge against deposit 

liabilities or delivery against short 

sales’’ will be deleted from the final 

instructions for new item 6(b). 

3. Initial Reporting 

For the March 31, 2015, report date, 

institutions may provide reasonable 

estimates for any new or revised FR Y– 

9C items initially required to be 

reported as of that date for which the 

requested information is not readily 

available. 

2. Report Title: Parent Company Only 

Financial Statements for Small Holding 

Companies. 

Agency form number: FR Y–9SP. 

OMB control number: 7100–0128. 

Frequency: Semiannually, as of the 

last calendar day of June and December. 

Reporters: BHCs, SLHCs and SHCs 

with total consolidated assets of less 

than $1 billion (small BHCs, small 

SLHCs and small SHCs). 

Estimated average hours per response: 

5.40 hours. 

Estimated annual reporting hours: 

47,412. 

Number of respondents: 4,390. 

General description of report: This 

information collection is mandatory for 

BHCs [12 U.S.C. 1844(c)(1)(A).] 

Additionally, 12 U.S.C. 1467a(b)(2)(A) 

and 1850a(c)(1)(A), respectively, 

authorize the Federal Reserve to require 

that SLHCs and supervised SHCs file 

the FR Y–9SP with the Federal Reserve. 

Confidential treatment is not routinely 

given to the financial 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), or 

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

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

Abstract: The FR Y–9SP is a parent 

company only financial statement filed 

semiannually by smaller HCs. 

Respondents include HCs with total 

consolidated assets of less than $1 

billion. This form is a simplified or 

abbreviated version of the FR Y–9LP. 

This report is designed to obtain basic 

parent company balance sheet and 

income data, data on intangible assets, 

and data on intercompany transactions. 

Current Actions: On August 6, 2014, 

the Federal Reserve published a notice 

in the Federal Register (79 FR 45808) 

requesting public comment for 60 days 

on the revision, without extension, of 

the FR Y–9SP. The comment period for 

this notice expired on October 6, 2014. 

The Federal Reserve did not receive any 

comments. However, in light of the 

legislation adopted by Congress on 

December 11, 2014, the Federal Reserve 

will not finalize the proposed revisions 

to FR Y–9SP Schedule SC–R, Part II, for 

SLHCs that otherwise would have been 

subject to the Small BHC Policy 

Statement in effect as of the filing date 

for the FR Y–9SP. 

Discussion of Recent Legislation and 

Rulemaking Affecting Proposed 

Revisions to the FR Y–9SP 

In December 2014, Congress enacted 

and the President signed into law Public 

Law 113–250. Public Law 113–250 

directs the Board to publish in the 

Federal Register proposed revisions to 

the Small Bank Holding Company 

Policy Statement to, in part, exempt 

small SLHCs from the minimum capital 

requirements mandated by section 171 

of the Dodd-Frank Wall Street Reform 

and Consumer Protection Act as if they 

were BHCs subject to the Small BHC 

Policy Statement. 

On January 29, 2015, the Board issued 

an interim final rule that would exclude 

SLHCs that have total consolidated 

assets of less than $500 million and that 

meet other qualitative requirements 

from the Board’s regulatory capital 

requirements (Regulation Q). In light of 

Public Law 113–250 and the 

rulemaking, the Federal Reserve will not 

finalize the proposed revisions to the FR 

Y–9SP, Part II, for SLHCs with total 

consolidated assets of less than $500 

million that meet the qualitative 

requirements of the Policy Statement. 

Board of Governors of the Federal Reserve 

System, February 23, 2015. 

Robert deV. Frierson, 

Secretary of the Board. 

[FR Doc. 2015–03973 Filed 2–25–15; 8:45 am] 

BILLING CODE 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 

13, 2015. 

A. Federal Reserve Bank of St. Louis 

(Yvonne Sparks, Community 

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

Louis, Missouri 63166–2034: 


rmajette on DSK2VPTVN1PROD with NOTICES
Federal Register / Vol. 80, No. 38 / Thursday, February 26, 2015 / Notices 10487 

1. HopFed Bancorp 2015 Employee 

Stock Ownership Plan, with John E. 

Peck and Billy C. Duvall, all of 

Hopkinsville, Kentucky, and Thomas I. 

Miller, Murray, Kentucky, as trustees, to 

acquire voting shares of HopFed 

Bancorp, Inc., and thereby indirectly 

acquire voting shares of Heritage Bank, 

USA, Inc., both in Hopkinsville, 

Kentucky. 

Board of Governors of the Federal Reserve 

System, February 23, 2015. 

Michael J. Lewandowski, 

Associate Secretary of the Board. 

[FR Doc. 2015–03984 Filed 2–25–15; 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 applications will also 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 23, 

2015. 

A. Federal Reserve Bank of Atlanta 

(Chapelle Davis, Assistant Vice 

President) 1000 Peachtree Street NE., 

Atlanta, Georgia 30309: 

1. NOA Bancorp, Inc., Duluth, 

Georgia; to become a bank holding 

company by acquiring 100 percent of 

the voting shares of NOA Bank, Duluth, 

Georgia. 

B. Federal Reserve Bank of Kansas 

City (Dennis Denney, Assistant Vice 

President) 1 Memorial Drive, Kansas 

City, Missouri 64198–0001: 

1. Olney Bancshares of Texas, Inc., 

Olney, Texas; to acquire 100 percent of 

the voting shares of Vintage Shares, Inc., 

and thereby indirectly acquire voting 

shares of Vintage Bank, both in 

Waxahachie, Texas. 

Board of Governors of the Federal Reserve 

System, February 23, 2015. 

Michael J. Lewandowski, 

Associate Secretary of the Board. 

[FR Doc. 2015–03983 Filed 2–25–15; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL RESERVE SYSTEM 

[Docket No. OP–1511] 

Privacy Act of 1974; Notice of New 

System of Records 

AGENCY: Board of Governors of the 

Federal Reserve System. 

ACTION: Notice of new system of records. 

SUMMARY: Pursuant to the provisions of 

the Privacy Act of 1974, 5 U.S.C. 552a, 

notice is given that the Board of 

Governors of the Federal Reserve 

System (Board) proposes the 

establishment of a new system of 

records, BGFRS–39 (General File of the 

Community Advisory Council). 

DATES: In accordance with 5 U.S.C. 

552a(e)(4) and (11), the public is given 

a 30-day period in which to comment; 

and the Office of Management and 

Budget (OMB), which has oversight 

responsibility under the Privacy Act, 

requires a 40-day period in which to 

conclude its review of the system. 

Therefore, please submit any comments 

on or before March 30, 2015. The new 

system of records will become effective 

April 7, 2015, without further notice, 

unless comments dictate otherwise. 

ADDRESSES: The public, OMB, and 

Congress are invited to submit 

comments, identified by the docket 

number above, by any of the following 

methods: 

• Agency Web site: http://

www.federalreserve.gov. Follow the 

instructions for submitting comments. 

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 docket 

number in the subject line of the 

message. 

• Fax: 202/452–3819 or 202/452– 

3102. 

• Mail: Robert deV. Frierson, 

Secretary, Board of Governors of the 

Federal Reserve System, 20th Street and 

Constitution Avenue NW., Washington, 

DC 20551. 

All public comments will be made 

available on the Board’s Web site at 

www.federalreserve.gov/generalinfo/

foia/ProposedRegs.cfm as submitted, 

unless modified for technical reasons. 

Accordingly, 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 3515, 1801 K Street 

(between 18th and 19th Streets NW.) 

Washington, DC 20006. 

FOR FURTHER INFORMATION CONTACT: Alye 

S. Foster, Senior Special Counsel, Legal 

Division, Board of Governors of the 

Federal Reserve System, 1801 K Street 

NW., Washington, DC 20007, or (202) 

452–5289, or alye.s.foster@frb.gov. 

Telecommunications Device for the Deaf 

(TDD) users may contact (202) 263– 

4869. 

SUPPLEMENTARY INFORMATION: In 

accordance with the Privacy Act of 

1974, 5 U.S.C. 552a, the Board proposes 

to establish a new system of records 

BGFRS–39 (General File of the 

Community Advisory Council). The 

Board has established a Community 

Advisory Council (the ‘‘CAC’’). The 

CAC is scheduled to meet semi-annually 

with the Board to offer diverse 

perspectives on the economic 

circumstances and financial services 

needs of consumers and communities, 

with a particular focus on the concerns 

of low- and moderate-income 

populations. The Board’s new system of 

records, BGFRS–39, maintains records 

relating to the appointment and 

selection of individuals to the CAC and, 

for selectees, records relating to the 

individual’s membership on the CAC. 

In accordance with 5 U.S.C. 552a(r), a 

report of this system of records is being 

filed with the Chair of the House 

Committee on Oversight and 

Government Reform, the Chair of the 

Senate Committee on Homeland 

Security and Governmental Affairs, and 

the Administrator of the Office of 

Information and Regulatory Affairs of 

the Office of Management and Budget. 


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