Federal Register / Vol. 80, No. 38 / Thursday, February 26, 2015 / Notices 10483 

1The family of FR Y–9 reporting forms also 

contains three other mandatory reports, which are 

not being revised at this time: The Parent Company 

Only Financial Statements for Large Holding 

Companies (FR Y–9LP), The Financial Statements 

for Employee Stock Ownership Plan Holding 

Companies (FR Y–9ES), and The Supplement to the 

Consolidated Financial Statements for Holding 

Companies (FR Y–9CS). 

2 In addition, one of the commenters on the 

proposal requested the collection of new 

information unrelated to the scope of this proposal. 

FEDERAL MINE SAFETY AND HEALTH 

REVIEW COMMISSION 

Sunshine Act Notice 

February 23, 2015. 

TIME AND DATE: 10:00 a.m., Thursday, 

March 5, 2015. 

PLACE: The Richard V. Backley Hearing 

Room, Room 511N, 1331 Pennsylvania 

Avenue NW., Washington, DC 20004 

(enter from F Street entrance). 

STATUS: Open. 

MATTERS TO BE CONSIDERED: The 

Commission will consider and act upon 

the following in open session: 

Pocahontas Coal Co., LLC. v. Secretary 

of Labor, Docket No. WEVA 2014–202– 

R; and Pocahontas Coal Co., LLC v. 

Secretary of Labor, Docket Nos. WEVA 

2014–642–R, et al. (Issues include 

whether the Administrative Law Judges 

erred in ruling that they lacked 

jurisdiction to review a Notice of Pattern 

of Violations and a Notice of Safeguard, 

respectively.) 

Any person attending this meeting 

who requires special accessibility 

features and/or auxiliary aids, such as 

sign language interpreters, must inform 

the Commission in advance of those 

needs. Subject to 29 CFR 2706.150(a)(3) 

and § 2706.160(d). 

CONTACT PERSON FOR MORE INFO: 

Emogene Johnson (202) 434–9935/(202) 

708–9300 for TDD Relay/1–800–877– 

8339 for toll free. 

Sarah Stewart, 

Deputy General Counsel. 

[FR Doc. 2015–04080 Filed 2–24–15; 11:15 am] 

BILLING CODE 6735–01–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 proposed information 

collections 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 Acting Clearance 

Officer, Mark Tokarski, Office of the 

Chief Data Officer, 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: 1

1. Report title: Consolidated Financial 

Statements for Holding Companies. 

Agency form number: FR Y–9C. 

OMB Control number: 7100–0128. 

Frequency: Quarterly. 

Reporters: Bank holding companies 

(BHCs), savings and loan holding 

companies (SLHCs), and securities 

holding companies (SHCs) (collectively, 

‘‘holding companies’’ (HCs)). 

Estimated annual reporting hours: 

133,464 hours. 

Estimated average hours per response: 

Non-advanced approaches HCs: 50.84 

hours, and advanced approaches HCs: 

52.09 hours. 

Number of respondents: Nonadvanced approaches HCs: 644, and 

advanced approaches HCs: 12. 

General description of report: This 

information collection is mandatory for 

BHCs (12 U.S.C. 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–9C 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 FOIA 

(5 U.S.C. 522(b)(4), (b)(6), and (b)(8)). 

Abstract: 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. It collects 

consolidated data from HCs and is filed 

quarterly by top-tier HCs with total 

consolidated assets of $1 billion or 

more. (Under certain circumstances 

defined in the General Instructions, 

BHCs under $1 billion may be required 

to file the FR Y–9C.) 

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–9C. The comment period for 

this notice expired on October 6, 2014. 

The Federal Reserve received three 

comment letters regarding proposed 

revisions to the FR Y–9C from two 

banking organizations and one bankers’ 

association. In addition, three 

commenters submitted comments on the 

proposed revisions to the Consolidated 

Reports of Condition and Income (Call 

Reports) (FFIEC 031 & 041; OMB No. 

7100–0036), which parallel proposed 

revisions to the FR Y–9C. Because these 

changes to the Call Report parallel the 

proposed revisions to the FR Y–9C, the 

Federal Reserve also considered the 

comments on the Call Report in 

developing the final notice. In summary, 

the commenters asked that the Federal 

Reserve (1) clarify the applicability of 

the proposed reporting requirements, (2) 

add additional items, (3) combine two 

items, (4) provide additional risk-weight 

categories for some items, and (5) clarify 

the instructions for certain line items.2

Detailed Discussion of Public 

Comments and Recommended 

Responses 

1. Proposed FR Y–9C, Schedule HC–R, 

Part II 

In the March 2015 proposal, Schedule 

HC–R, Part II—the portion of the Y–9C 

that risk-weighted assets (RWAs)— 

would be modified to ensure that all 

banking organizations are reporting 

RWAs consistent with the standardized 

approach outlined in the 2013 revisions 

to the regulatory capital rules. All HCs 

that are subject to FR–Y9C filing 

requirements would submit this revised 

Schedule HC–R, Part II. Compared to 


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3FFIEC 101—Regulatory Capital Reporting for 

Institutions Subject to the Advanced Capital 

Adequacy Framework: for the OCC, OMB No. 1557– 

0239; for the Board, OMB No. 7100–0319; and for 

the FDIC, OMB No. 3064–0159. 

4The Federal Reserve also will add a similar 

clarification to the proposed reporting form 

regarding derivatives and off-balance sheet items 

that are securitization exposures by explicitly 

stating that institutions should exclude them from 

items 12 through 21 and report them in item 10. 

the current schedule, the proposed 

Schedule HC–R, Part II, would provide 

a more detailed breakdown of onbalance sheet asset and off-balance sheet 

item categories, remove the ratingsbased approach from the calculation of 

risk-weighted assets, reflect reporting of 

alternative risk-weighting approaches 

not reliant on credit ratings, and include 

an expanded number of risk-weight 

categories, consistent with the revised 

regulatory capital rules. 

The final version of Schedule HC–R, 

Part II, would be divided into the 

following sections: (A) Balance sheet 

asset categories; (B) on- and off-balancesheet securitization exposures; (C) total 

balance sheet assets; (D) derivatives, offbalance sheet, and other items subject to 

risk weighting; (E) totals; and (F) 

memoranda. These distinct category 

headings would-be added in order to 

enhance the clarity of the reporting form 

and do not affect the number of line 

items banking organizations would be 

required to complete. 

One commenter noted that the 

proposed reporting instructions refer the 

reader to the Federal Reserve’s 

regulatory capital rules for additional 

information and requested that the 

Federal Reserve incorporate the 

information from the regulatory capital 

rules into the reporting instructions. 

The Federal Reserve will clarify the 

cross-references to the regulatory capital 

rules in the final reporting instructions. 

However, the Federal Reserve believes 

that incorporating the additional 

information from the Board’s regulatory 

capital rules into the reporting 

instructions would unduly add 

significant length to the instructions, 

and condensing the information would 

likely omit significant details. 

One commenter requested the 

addition of a separate line item for total 

equity exposures, while another 

commenter requested the addition of a 

three-way breakout of equity exposures 

to investment funds similar to that 

found in the Regulatory Capital 

Reporting for Institutions Subject to the 

Advanced Capital Adequacy Framework 

(FFIEC 101).3 The FFIEC 101 requires 

institutions to report equity exposures 

to investment funds by the methodology 

used to risk weight these exposures. The 

Federal Reserve believes that importing 

the equity exposure reporting template 

found in the FFIEC 101 into the FR Y– 

9C Schedule HC–R, Part II, would add 

complexity and undue burden for 

smaller institutions required to 

complete the FR Y–9C. However, 

because of the approaches available for 

risk weighting investments in 

investment funds (including mutual 

funds), the Federal Reserve will add 

data items for reporting the exposure 

and risk-weighted asset amount of such 

investments to the appropriate balance 

sheet asset categories. The Federal 

Reserve will add detailed guidance 

related to equity exposure reporting in 

the final instructions for Schedule HC– 

R, Part II. 

A brief description of the proposed 

revisions and the comments received on 

specific line items in Schedule HC–R, 

Part II, is provided below. 

A. Proposed Schedule HC–R, Part II, 

Items 1–11: Balance Sheet Asset 

Categories 

Proposed line items 1 through 8 

reflect balance sheet asset categories 

(excluding those assets within each 

category that meet the definition of a 

securitization exposure), similar to the 

asset categories included in the current 

version of Schedule HC–R, Part II. 

However, the proposed data items 

would capture greater detail. The 

number of risk-weight categories to 

which the individual assets in each 

asset category would be allocated would 

be expanded consistent with the revised 

regulatory capital rules. On-balance 

sheet assets and off-balance sheet items 

that meet the definition of a 

securitization exposure would be 

reported in items 9 and 10, respectively. 

Two commenters noted that several 

risk-weight categories for item 8, ‘‘Other 

assets,’’ on the proposed reporting form 

are not available for data input (i.e., the 

categories are shaded out). However, the 

commenters stated the categories may 

be applicable, particularly to address 

the exposures underlying separate 

account bank-owned life insurance 

(BOLI) assets. In response to these 

comments, the Federal Reserve will add 

data items to collect the exposure 

amount and risk-weighted asset amount 

of these BOLI assets, which would be 

reported separately from the other risk 

weightings within item 8, ‘‘Other 

assets.’’ In addition, the Federal Reserve 

will clarify the instructions to allow for 

the reporting of 150 percent and 300 

percent risk-weight categories for item 

8, ‘‘Other assets.’’ 

One commenter requested 

clarification of the reporting of default 

fund contributions (DFCs) made by the 

reporting banking organization to 

qualifying central counterparties 

(QCCPs) in item 8, ‘‘Other assets.’’ The 

commenter noted that the proposed 

reporting instructions for item 8 stated 

that such contributions should be 

allocated to the risk-weight categories 

defined for column B through column 

Q. However, the commenter observed 

that DFCs to QCCPs are subject to two 

alternative methodologies (Methods 1 

and 2) for calculating risk-weighted 

assets, one of which may result in riskweightings not captured in column B 

through column Q. In response to this 

comment, the Federal Reserve will add 

data items to collect the exposure 

amount and risk-weighted asset amount 

of DFCs to QCCPs, which would be 

reported separately from the risk 

weightings otherwise captured in item 

8. The Federal Reserve will clarify the 

instructions to describe how 

respondents should report DFCs under 

Method 1 as well as Method 2. 

One commenter noted that items 2 

through 8 could include securitization 

exposures, and when added with item 9, 

‘‘On-balance sheet securitization 

exposures,’’ it would double count such 

exposures in reporting item 11, ‘‘Total 

assets.’’ The Federal Reserve notes that 

the reporting instructions for each 

proposed balance sheet asset category 

(items 1 through 8) explicitly state that 

the reporting banking organization must 

exclude securitization exposures. The 

Federal Reserve will clarify the 

proposed reporting form to explicitly 

state that these data items should 

exclude securitization exposures from 

items 2 through 8 and be reported in 

item 9.4

The Federal Reserve notes that, 

although the proposed reporting form 

and instructions addressed the reporting 

of an institution’s securitization 

exposures and the treatment of financial 

collateral, a subsequent review found 

the proposal did not clearly articulate 

the risk weighting and reporting of 

assets and certain other items secured 

by financial collateral in the form of 

securitization exposures or mutual 

funds. In addition, the proposed 

reporting form and instructions did not 

fully address the two approaches for 

recognizing the effects of qualifying 

financial collateral. The approaches for 

risk weighting securitization exposures 

and investments in mutual funds also 

are applicable to such exposures when 

they serve as financial collateral. To 

account for the possible risk weight 

outcomes when exposures are secured 

by these types of collateral, the Federal 

Reserve will add data items to columns 

R and S for reporting the exposure 

amount and risk-weighted asset amount 


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Federal Register / Vol. 80, No. 38 / Thursday, February 26, 2015 / Notices 10485 

of these collateralized exposures 

separately from the other risk 

weightings within appropriate balance 

sheet asset categories (and derivative 

and off-balance sheet item categories). 

B. Schedule HC–R, Part II, Items 12 

Through 22: Derivatives, Off-Balance 

Sheet, and Other Items Subject to Risk 

Weighting 

Proposed line items 12 through 22 

pertain to the reporting of derivatives, 

off-balance sheet, and other items 

subject to risk weighting, excluding 

those that meet the definition of a 

securitization exposure (which are 

reported in item 10). 

One commenter noted that in 

accordance with section 37 of the 

Federal Reserve’s revised regulatory 

capital rules, banking organizations 

must calculate the exposure amount and 

risk-weighted assets for repo-style 

transactions on a netting set basis. A 

netting set may contain transactions that 

are reported as assets, liabilities, and 

off-balance sheet items (as long as they 

are executed under the same master 

netting agreement), and the basis for the 

risk-weighted assets calculation is the 

net exposure, adjusted for volatility and 

foreign exchange haircuts. As proposed, 

Schedule HC–R, Part II, would have 

split the reporting of repo-style 

transactions between assets (reported in 

item 3, ‘‘Federal funds sold and 

securities purchased under agreements 

to resell,’’ i.e., reverse repos) and 

liabilities and off-balance sheet items 

(reported in item 16, ‘‘Repo-style 

transactions (excluding reverse repos)’’). 

However, since risk-weighted assets for 

repo-style transactions are based on the 

net exposure at a netting set level 

(inclusive of volatility and foreign 

exchange haircuts), the method 

proposed for allocating repo-style 

transaction exposures between two 

reporting items and across the riskweight categories in a way that would 

tie back to the amounts required to be 

reported in column A of Schedule RC– 

R, Part II (i.e., for item 3, the balance 

sheet carrying amount, and for item 16, 

the notional value), does not align with 

the treatment of repo-style transactions 

under the revised regulatory capital 

rules. The commenter recommended 

that the Federal Reserve amend the 

reporting form to collect all repo-style 

transactions in a single item, and 

amounts attributed to risk-weighting 

categories for this item would tie to an 

‘‘exposure’’ amount reported in Column 

A. 

In response to this comment, the 

Federal Reserve will revise proposed 

item 16 of Schedule HC–R, Part II, to 

include all repo-style transactions in 

item 16, re-titled as ‘‘Repo-style 

transactions,’’ which would also include 

securities purchased under agreements 

to resell (reverse repos) in order for 

banking organizations to calculate their 

exposure based on master netting set 

agreements. In addition, the Federal 

Reserve will split proposed item 3 of 

Schedule HC–R, Part II, into item 3(a), 

‘‘Federal funds sold (in domestic 

offices),’’ and item 3(b), ‘‘Securities 

purchased under agreements to resell.’’ 

However, after an institution reports the 

balance sheet carrying amount of its 

reverse repos in column A of item 3(b), 

it would report this same amount as an 

adjustment in column B of item 3(b), 

resulting in no allocation of the balance 

sheet carrying amount of reverse repos 

across the risk-weight categories in item 

3. This reporting methodology would 

ensure that the sum of the balance sheet 

asset amounts reported in items 1 

through 9, column A, of Schedule HC– 

R, Part II, that an institution would 

report in item 11 of Schedule HC–R, 

Part II, continues to equal the ‘‘Total 

assets’’ reported in item 12 of the FR Y– 

9C balance sheet (Schedule HC). 

Another commenter noted that, under 

the Federal Reserve’s revised regulatory 

capital rules, a banking organization is 

required to hold risk-based capital 

against all repo-style transactions, 

regardless of whether the transactions 

generate on-balance sheet exposures. 

The commenter also noted that the 

proposed reporting instructions for 

Schedule HC–R, Part II, state that 

‘‘Although securities sold under 

agreements to repurchase are reported 

on the balance sheet (Schedule HC) as 

liabilities, they are treated as off-balance 

sheet items under the regulatory capital 

rules.’’ The commenter then questioned 

the intent of the Federal Reserve’s 

proposed reporting form that would 

require an institution to calculate a 

capital charge for these ‘‘off-balance 

sheet items’’ despite the fact that the 

security pledged by the institution as 

collateral for the repo remains on the 

balance sheet for accounting purposes 

and would therefore require a separate 

on-balance sheet risk-weighting. The 

Federal Reserve adopted this reporting 

approach for consistency with the 

revised regulatory capital rules, which 

recognize that institutions face 

counterparty credit risk when engaging 

in repo-style transactions. However, 

under certain conditions, the Federal 

Reserve’s revised regulatory capital 

rules also allow banking organizations 

to recognize the risk mitigating effects of 

financial collateral when risk weighting 

their repo-style exposures. The final 

reporting form and instructions for 

Schedule HC–R, Part II, will implement 

this treatment of repo-style transactions, 

which is set forth in the revised 

regulatory capital rules. 

Although the proposed reporting form 

and instructions addressed the reporting 

of a banking organization’s unsettled 

transactions as part of item 8, ‘‘All other 

assets,’’ the Federal Reserve notes that 

during a subsequent review of the 

proposal it did not clearly address the 

fact that a banking organization’s 

unsettled transactions could potentially 

be composed of both on- and off-balance 

sheet exposures. In order to more clearly 

assess risk-based capital against delayed 

trades where the counterparty has failed 

to deliver an instrument or make a 

payment in a timely manner, the 

Federal Reserve will modify Schedule 

HC–R, Part II, by adding line item 22, 

‘‘Unsettled transactions (failed trades).’’ 

C. Schedule HC–R, Part II, Items 23 

Through 31: Totals 

Proposed items 23 through 31 would 

apply the risk-weight factors to the 

exposure amounts reported for assets, 

derivatives, and off-balance sheet items 

in items 11 through 23 to calculate a 

banking organization’s total riskweighted assets. The Federal Reserve 

did not receive any comments on these 

line items and will implement as 

proposed. 

D. Schedule HC–R, Part II, Memoranda 

Items 1 Through 4: Memoranda 

In proposed memoranda items 1 

through 3, a banking organization would 

report the current credit exposure and 

notional principal amounts of its 

derivative contracts. Memorandum item 

4 would require those banking 

organizations subject to the Market Risk 

Rule to report the portion of their 

standardized market risk weighted 

assets (as reported in Schedule HC–R, 

item 27) that is attributable to specific 

risk. 

Memorandum item 1 would continue 

to collect the ‘‘Current credit exposure 

across all derivative contracts covered 

by the risk-based capital standards.’’ 

One commenter noted that, prior to the 

proposed revisions, the instructions for 

Memorandum item 1 stated that all 

written option contracts (except those 

that are, in substance, financial 

guarantees) are not covered by the riskbased capital standards. The commenter 

asked if this was an explicit change in 

the reporting of written option 

contracts. The Federal Reserve notes 

that this exclusion was inadvertently 

omitted from the proposed instructions 

for Memorandum item 1 and will clarify 

the instructions to note that written 

option contracts will continue to be 


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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: 


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