Federal Register / Vol. 80, No. 54 / Friday, March 20, 2015 / Notices 15009 

President) 2200 North Pearl Street, 

Dallas, Texas 75201–2272: 

1. First Bank Lubbock Bancshares, 

Inc., Lubbock, Texas; to acquire voting 

shares of First National Bank of 

Colorado City, Colorado City, Texas. 

Board of Governors of the Federal Reserve 

System, March 17, 2015. 

Michael J. Lewandowski, 

Associate Secretary of the Board. 

[FR Doc. 2015–06398 Filed 3–19–15; 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. 

SUMMARY: On June 15, 1984, the Office 

of Management and Budget (OMB) 

delegated to the Board of Governors of 

the Federal Reserve System (Board) its 

approval authority under the Paperwork 

Reduction Act (PRA), to approve of and 

assign OMB control numbers to 

collection of information requests and 

requirements conducted or sponsored 

by the Board. 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. 

DATES: Comments must be submitted on 

or before May 19, 2015. 

ADDRESSES: You may submit comments, 

identified by FR Y–6, FR Y–7, FR Y–10, 

or FR Y–10E, by any of the following 

methods: 

• Agency Web site: http://

www.federalreserve.gov. Follow the 

instructions for submitting comments at 

http://www.federalreserve.gov/apps/

foia/proposedregs.aspx. 

• Federal eRulemaking Portal: http:// 

www.regulations.gov. Follow the 

instructions for submitting comments. 

• Email: regs.comments@

federalreserve.gov. Include OMB 

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 are available 

from the Board’s Web site at http://

www.federalreserve.gov/apps/foia/

proposedregs.aspx as submitted, unless 

modified for technical reasons. 

Accordingly, your 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 between 9:00 

a.m. and 5:00 p.m. on weekdays. 

Additionally, commenters may send a 

copy of their comments to the 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 or by fax to (202) 395–6974. 

FOR FURTHER INFORMATION CONTACT: A 

copy of the PRA OMB submission, 

including the proposed reporting form 

and instructions, supporting statement, 

and other documentation will be placed 

into OMB’s public docket files, once 

approved. These documents will also be 

made available on the Federal Reserve 

Board’s public Web site at: http://

www.federalreserve.gov/apps/

reportforms/review.aspx or may be 

requested from the agency clearance 

officer, whose name appears below. 

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. 

SUPPLEMENTARY INFORMATION: 

Request for Comment on Information 

Collection Proposal 

The following information collection, 

which is being handled under this 

delegated authority, has received initial 

Board approval and is hereby published 

for comment. At the end of the comment 

period, the proposed information 

collection, along with an analysis of 

comments and recommendations 

received, will be submitted to the Board 

for final approval under OMB delegated 

authority. Comments are invited on the 

following: 

a. Whether the proposed collection of 

information is necessary for the proper 

performance of the Federal Reserve’s 

functions; including whether the 

information has practical utility; 

b. The accuracy of the Federal 

Reserve’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 start up costs 

and costs of operation, maintenance, 

and purchase of services to provide 

information. 

Proposal To Approve Under OMB 

Delegated Authority the Extension for 

Three Years, With Revision, of the 

Following Report 

Report title: Annual Report of Holding 

Companies; Annual Report of Foreign 

Banking Organizations; Report of 

Changes in Organizational Structure; 

Supplement to the Report of Changes in 

Organizational Structure. 

Agency form number: FR Y–6; FR Y– 

7; FR Y–10; FR Y–10E. 

OMB control number: 7100–0297. 

Frequency: FR Y–6: Annual; FR Y–7: 

Annual; FR Y–10: Event-generated; FR 

Y–10E: Event-generated. 

Reporters: Bank holding companies 

(BHCs) and savings and loan holding 

companies (SLHCs) (collectively, 

holding companies (HCs)), securities 

holding companies, foreign banking 

organizations (FBOs), state member 

banks unaffiliated with a BHC, Edge Act 

and agreement corporations, and 

nationally chartered banks that are not 

controlled by a BHC (with regard to 

their foreign investments only). 

Estimated annual reporting hours: FR 

Y–6: 26,477 hours; FR Y–7: 972 hours; 

FR Y–10 initial: 530 hours; FR Y–10 

ongoing: 39,735 hours; FR Y–10E: 2,649 

hours. 

Estimated average hours per response: 

FR Y–6: 5.5 hours; FR Y–7: 4 hours; FR 

Y–10 initial: 1 hour; FR Y–10 ongoing: 

2.5 hours; FR Y–10E: 0.5 hours. 

Number of respondents: FR Y–6: 

4,814; FR Y–7: 243; FR Y–10 initial: 

530; FR Y–10 ongoing: 5,298; FR Y–10E: 

5,298. 

General description of report: These 

information collections are mandatory 

as follows: 

FR Y–6: Section 5(c)(1)(A) of the Bank 

Holding Company Act (BHC Act) (12 

U.S.C. 1844(c)(1)(A)), sections 8(a) and 

13(a) of the International Banking Act 

(IBA) (12 U.S.C. 3106(a) and 3108(a)), 

sections 11(a)(1), 25, and 25A of the 

Federal Reserve Act (12 U.S.C. 248(a)(1), 

602, and 611a), and sections 113, 312, 

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15010 Federal Register / Vol. 80, No. 54 / Friday, March 20, 2015 / Notices 

1 ISO 17442:2012 defines the term ‘‘legal entities’’ 

to include, but is not limited to, unique parties that 

are legally or financially responsible for the 

performance of financial transactions or have the 

legal right in their jurisdiction to enter 

independently into legal contracts, regardless of 

whether they are incorporated or constituted in 

some other way (e.g., all financial intermediaries, 

banks and finance companies, all entities that issue 

equity, debt or other securities for other capital 

structures, all entities listed on an exchange, all 

entities under the purview of a financial regulator 

and their affiliates, subsidiaries, and holding 

companies, counterparties to financial 

transactions). It excludes natural persons, but 

includes governmental organizations and 

supranationals. 2 79 FR 51731. 

618, and 809 of the Dodd-Frank Act (12 

U.S.C. 5361, 5412, 1850a(c)(1), and 

5468(b)(1), respectively). 

FR Y–7: Sections 8(a) and 13(a) of the 

IBA (12 U.S.C. 3106(a) and 3108(a)) and 

sections 113, 312, 618, and 809 of the 

Dodd-Frank Act (12 U.S.C. 5361, 5412, 

1850a(c)(1), and 5468(b)(1), 

respectively). 

FR Y–10 and FR Y–10E: Sections 4(k) 

and 5(c)(1)(A) of the BHC Act (12 U.S.C. 

1843(k), 1844(c)(1)(A)), section 8(a) of 

the IBA (12 U.S.C. 3106(a)), sections 

11(a)(1), 25(7), and 25A of the Federal 

Reserve Act (12 U.S.C. 248(a)(1), 321, 

601, 602, 611a, 615, and 625), and 

sections 113, 312, 618, and 809 of the 

Dodd-Frank Act (12 U.S.C. 5361, 5412, 

1850a(c)(1), and 5468(b)(1), 

respectively). 

The data collected in the FR Y–6, FR 

Y–7, FR Y–10, and FR Y–10E are not 

considered confidential. With regard to 

information that a banking organization 

may deem confidential, the institution 

may request confidential treatment of 

such information under one or more of 

the exemptions in the Freedom of 

Information Act (FOIA) (5 U.S.C. 552). 

The most likely case for confidential 

treatment will be based on FOIA 

exemption 4, which permits an agency 

to exempt from disclosure ‘‘trade secrets 

and commercial or financial information 

obtained from a person and privileged 

and confidential,’’ (5 U.S.C. 552(b)(4)). 

To the extent an institution can 

establish the potential for substantial 

competitive harm, such information 

would be protected from disclosure 

under the standards set forth in 

National Parks & Conservation 

Association v. Morton, 498 F.2d 765 

(D.C. Cir. 1974). Exemption 6 of FOIA 

might also apply with regard to the 

respondents’ submission of non-public 

personal information of owners, 

shareholders, directors, officers and 

employees of respondents. Exemption 6 

covers ‘‘personnel and medical files and 

similar files the disclosure of which 

would constitute a clearly unwarranted 

invasion of personal privacy,’’ (5 U.S.C. 

552(b)(6)). All requests for confidential 

treatment would need to be reviewed on 

a case-by-case basis and in response to 

a specific request for disclosure. 

Abstract: The FR Y–6 is an annual 

information collection submitted by toptier HCs and non-qualifying FBOs. It 

collects financial data, an organization 

chart, verification of domestic branch 

data, and information about 

shareholders. The Federal Reserve uses 

the data to monitor holding company 

operations and determine holding 

company compliance with the 

provisions of the BHC Act, Regulation Y 

(12 CFR part 225), the Home Owners’ 

Loan Act (HOLA), and Regulation LL 

(12 CFR part 238). 

The FR Y–7 is an annual information 

collection submitted by qualifying FBOs 

to update their financial and 

organizational information with the 

Federal Reserve. The FR Y–7 collects 

financial, organizational, and 

managerial information. The Federal 

Reserve uses information to assess an 

FBO’s ability to be a continuing source 

of strength to its U.S. operations, and to 

determine compliance with U.S. laws 

and regulations. 

The FR Y–10 is an event-generated 

information collection submitted by 

FBOs; top-tier HCs; security holding 

companies as authorized under Section 

618 of the Dodd-Frank Wall Street 

Reform and Consumer Protection Act of 

2010 (12 U.S.C. 1850a(c)(1)); state 

member banks unaffiliated with a BHC; 

Edge Act and agreement corporations 

that are not controlled by a member 

bank, a domestic BHC, or a FBO; and 

nationally chartered banks that are not 

controlled by a BHC (with regard to 

their foreign investments only) to 

capture changes in their regulated 

investments and activities. The Federal 

Reserve uses the data to monitor 

structure information on subsidiaries 

and regulated investments of these 

entities engaged in banking and 

nonbanking activities. The FR Y–10E is 

a free-form supplement that may be 

used to collect additional structural 

information deemed to be critical and 

needed in an expedited manner. 

Current Actions: The Federal Reserve 

proposes to collect the Legal Entity 

Identifier (LEI) for all banking and 

nonbanking legal entities reportable on 

the Banking, Non-Banking, SLHC, and 

4K schedules (not the Branch schedules) 

of the FR Y–10 and on the Organization 

Chart section of the FR Y–6 and FR Y– 

7. The LEI is a 20-character 

alphanumeric code that is universal and 

uniquely corresponds to a single legal 

entity.1 The Federal Reserve is only 

proposing requiring the reporting of an 

LEI if one has already been issued for 

the reportable entity at the time of 

collection. At this time, the Federal 

Reserve is not requiring an LEI to be 

obtained for the sole purpose of 

reporting the LEI on the FR Y–6, FR Y– 

7, and FR Y–10. 

As evident by the recent financial 

crisis, it was difficult for regulators to 

precisely identify parties involved in 

financial transactions domestically and 

internationally. At the time, there was 

no unified global identification system 

for to link legal entities with different 

and multiple regulators and 

jurisdictions. The Board and each 

financial regulatory agency assigns its’ 

own internal primary identifier to the 

entities that it regulates, such as the 

Federal Reserve’s Research Statistics 

Supervision and Discount Identification 

(i.e., RSSD ID) number, FDIC’s 

Certificate number, and OCC’s Charter 

number. 

Several years ago, the Financial 

Stability Board began leading an 

international initiative to implement a 

global identifier system that would 

uniquely identify parties to financial 

transactions, and in January 2013, the 

LEI Regulatory Oversight Committee 

was established to oversee the Global 

Legal Entity Identifier System. 

Domestically, the Financial Stability 

Oversight Council’s Data Committee has 

encouraged U.S. financial regulators to 

review and incorporate LEIs in their 

data collections that would most benefit 

for purposes of improving financial 

stability monitoring. As the usage of LEI 

becomes more prominent, it would 

enable examiners, economists, and 

financial analysts to perform improved 

analyses, particularly during stressed 

market conditions, and would assist the 

regulatory community and the financial 

services industry at large, both 

domestically and internationally. In 

addition, it is expected that the use of 

the LEI among the regulators will 

expand to facilitate better information 

sharing and coordination regarding 

domestic financial policy, rulemaking, 

examinations, reporting requirements, 

and enforcement actions. The U.S. 

Commodity Futures Trading 

Commission, the U.S. Securities and 

Exchange Commission, and the National 

Association of Insurance Commissioners 

have already incorporated LEI in some 

of their data collections, and the 

Consumer Financial Protection Bureau 

has recently proposed replacing the 

existing Home Mortgage Disclosure Act 

(HMDA) Reporter’s Identification 

number in HMDA submissions with 

LEI.2 A uniform, global LEI would assist 

regulators, supervisors, and public 

researchers and firms to more effectively 

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Federal Register / Vol. 80, No. 54 / Friday, March 20, 2015 / Notices 15011 

measure and monitor systemic risk and 

counterparty exposure, as well as 

improve operational efficiencies. A 

single global system would help support 

the shared objective of a more stable 

financial system. 

While the Federal Reserve has 

considered retrieving LEI’s from the 

issuers directly, this method has been 

deemed as ineffective since the 

associated structure data is very limited 

at this time. Reconciling the entity’s LEI 

with their current structure data would 

be difficult and most likely result in 

inaccuracies given that so many 

institutions have similar attributes, such 

as entity names. Therefore, obtaining 

the LEI directly from the reporting 

entity is the most reliable source to 

accurately match an entity with the 

correct LEI. 

The Federal Reserve proposes to add 

the LEI to the FR Y–6 and FR Y–7 

organizational chart effective with fiscal 

year ends beginning June 30, 2015. 

Submission of existing LEI information 

would follow the normal FR Y–6 and FR 

Y–7 submission deadlines. The Federal 

Reserve proposes a one-time 

information collection to populate 

existing LEI data for all FR Y–10 

reportable entities (excluding branches), 

as of June 30, 2015. Respondents would 

submit this information no later than 

September 30, 2015. LEIs issued after 

June 30, 2015, should be reported on the 

appropriate FR Y–10 schedules. For all 

LEIs assigned between June 30, 2015, 

and September 30, 2015, information 

must be received at the appropriate 

Federal Reserve Bank by October 30, 

2015. The Federal Reserve would 

provide a means for institutions to 

provide their one-time submission data 

in a format easier than individual FR Y– 

10 submissions. 

Question: Comments are invited on 

whether collecting existing LEI 

information only from entities that are 

reportable on the FR Y–10 would be 

sufficient rather than collecting LEI 

information from all entities reportable 

on the FR Y–6 and FR Y–7 

organizational charts. 

Board of Governors of the Federal Reserve 

System, March 16, 2015. 

Robert deV. Frierson, 

Secretary of the Board. 

[FR Doc. 2015–06363 Filed 3–19–15; 8:45 am] 

BILLING CODE 6210–01–P 

GENERAL SERVICES 

ADMINISTRATION 

[NOTICE–MVA–2015–01; Docket No. 2015– 

0002; Sequence No. 4] 

Notice of a Class Deviation To Address 

Commercial Supplier Agreement 

Terms Inconsistent With Federal Law 

AGENCY: Office of Government-wide 

Policy, General Services 

Administration. 

ACTION: Request for Information (RFI). 

SUMMARY: The Office of Acquisition 

Policy is requesting feedback on a 

proposed class deviation to the Federal 

Acquisition Regulation (FAR) and the 

General Services Acquisition Regulation 

(GSAR) to address common Commercial 

Supplier Agreement terms that are 

inconsistent with or create ambiguity 

with Federal law. This class deviation 

will go into effect forty-five (45) days 

from the date of publication of this RFI 

in the Federal Register, after 

considering comments received. 

DATES: Comments: Interested parties 

should submit written comments to the 

Regulatory Secretariat Division at one of 

the addresses shown below on or before 

April 20, 2015. 

ADDRESSES: Submit comments in 

response to Notice—MVA–2015–01 by 

any of the following methods: 

• Regulations.gov: http://

www.regulations.gov. Submit comments 

via the Federal eRulemaking portal by 

searching for ‘‘Notice—MVA–2015–01’’. 

Select the link ‘‘Comment Now’’ that 

corresponds with ‘‘Notice—MVA–2015– 

01’’ and follow the instructions 

provided on the screen. Please include 

your name, company name (if any), and 

‘‘Notice—MVA–2015–01’’ on your 

attached document. 

• Mail: General Services 

Administration, Regulatory Secretariat 

(MVCB), ATTN: Ms. Flowers/Notice— 

MVA–2015–01, 1800 F Street NW., 2nd 

Floor, Washington, DC 20405–0001. 

Instructions: Please submit comments 

only and cite Notice—MVA–2015–01 in 

all correspondence related to this case. 

All comments received will be posted 

without change to http://

www.regulations.gov, including any 

personal and/or business confidential 

information provided. 

FOR FURTHER INFORMATION CONTACT: Mr. 

James Tsujimoto, Program Analyst, 

Acquisition Policy Division, at 

telephone 202–208–3585 or email 

james.tsujimoto@gsa.gov. 

SUPPLEMENTARY INFORMATION: 

Background 

GSA defines Commercial Supplier 

Agreements as terms and conditions 

that are customarily offered to the 

public by vendors of supplies or 

services that meet the definition of 

‘‘commercial item’’ and are intended to 

create a binding legal obligation on the 

end user. Commercial Supplier 

Agreements are particularly common in 

information technology acquisitions, 

including acquisitions of commercial 

computer software and commercial 

technical data, but they may apply to 

any supply or service. 

Customarily, commercial item 

supplies and services are offered to the 

public under standard agreements that 

may take a variety of forms, including 

license agreements, terms of service 

(TOS), terms of sale or purchase, and 

similar agreements. These customary, 

standard Commercial Supplier 

Agreements typically contain terms and 

conditions that make sense when the 

purchaser is a private party but are 

inappropriate when the purchaser is the 

Federal Government. 

The existence of Federallyincompatible terms in contractors’ 

standard Commercial Supplier 

Agreements has long been recognized in 

FAR 27.405–3(b), which is limited to 

the acquisition of commercial computer 

software. This clause advises 

contracting officers to exercise caution 

when accepting a contractor’s terms and 

conditions. However, the use of 

Commercial Supplier Agreements is not 

limited to information technology 

acquisitions; Commercial Supplier 

Agreements have become ubiquitous in 

a broad variety of contexts, from travel 

to telecommunications to financial 

services to building maintenance 

systems, including purchases below the 

simplified acquisition threshold. 

Discrepancies between Commercial 

Supplier Agreements and Federal law or 

the Government’s needs create recurrent 

points of inconsistency. Below are 

several examples of incompatible 

clauses that are commonly found in 

Commercial Supplier Agreements: 

• Jurisdiction or venue clauses may 

require that disputes be resolved in a 

particular state or Federal court. Such 

clauses conflict with the sovereign 

immunity of the US Government and 

cannot apply to litigation where the US 

Government is a defendant because 

those disputes must be heard either in 

US District Court (28 U.S.C. 1346) or the 

US Court of Federal Claims (28 U.S.C. 

1491). 

• Automatic renewal clauses may 

automatically renew or extend contracts 

unless affirmative action is taken by the 

Government. Such clauses that require 

the obligation of funds prior to 

appropriation violate the restrictions of 

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