Federal Register / Vol. 74, No. 47 / Thursday, March 12, 2009 / Notices 10741 

1, 2009. Respondents should continue 

to use their current reporting form and 

instructions through the preceding date, 

Wednesday, June 24, 2009. Beginning 

July 1, 2009, all bank credit respondents 

should file the FR 2644 reporting form. 

Final Approval Under OMB Delegated 

Authority To Conduct the Following 

Survey 

Report Title: 2010 Survey of 

Consumer Finances (SCF). 

Agency Form Number: FR 3059. 

OMB Control Number: 7100–0287. 

Frequency: One-time survey. 

Reporters: U.S. families. 

Annual Reporting Hours: 9,322 hours. 

Estimated Average Hours per 

Response: Business pretest, 15 minutes; 

and Main pretest, Main survey, Reinterview 1, and Re-interview 2, 75 

minutes each. 

Number of Respondents: Business 

pretest, 30; Main pretest, 150; Main 

survey, 7,000; Re-interview 1, 150; and 

Re-interview 2, 150. 

General Description of Report: This 

information collection is voluntary (12 

U.S.C. 225a and 263). The names and 

other characteristics that would directly 

identify respondents would be retained 

by the Federal Reserve’s contractor and 

are exempt from disclosure pursuant to 

the Confidential Information Protection 

and Statistical Efficiency Act and 

section (b)(3) of the Freedom of 

Information Act (5 U.S.C. 552 (b)(3)). 

Abstract: For many years, the Federal 

Reserve has sponsored consumer 

surveys to obtain information on the 

financial behavior of households. The 

2010 SCF would be the latest in a 

triennial series, which began in 1983, 

that provides comprehensive data for 

U.S. families on the distribution of 

assets and debts, along with related 

information and other data items 

necessary for analyzing financial 

behavior. The SCF is the only survey 

conducted in the United States that 

provides such financial data for a 

representative sample of households. 

Current Actions: On December 23, 

2008, the Federal Reserve published a 

notice in the Federal Register (73 FR 

78797) requesting public comment for 

60 days on the proposal to conduct the 

Survey of Consumer Finances. The 

comment period for this notice expired 

on February 23, 2009. No comments 

were received. The survey will be 

conducted as proposed. 

Board of Governors of the Federal Reserve 

System, March 9, 2009. 

Jennifer J. Johnson, 

Secretary of the Board. 

[FR Doc. E9–5335 Filed 3–11–09; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL RESERVE SYSTEM 

Agency Information Collection 

Activities: Announcement of Board 

Approval Under Delegated Authority 

and Submission to OMB 

SUMMARY: Background. 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 Clearance 

Officer—Michelle Shore—Division of 

Research and Statistics, Board of 

Governors of the Federal Reserve 

System, Washington, DC 20551 (202– 

452–3829) 

OMB Desk Officer—Shagufta Ahmed— 

Office of Information and Regulatory 

Affairs, Office of Management and 

Budget, New Executive Office 

Building, Room 10235, Washington, 

DC 20503. 

Final Approval Under OMB Delegated 

Authority of the Revision, Without 

Extension, of the Following Reports: 

1. Report Title: Financial Statements 

of Nonbank Subsidiaries of U.S. Bank 

Holding Companies. 

Agency Form Number: FR Y–11. 

OMB Control Number: 7100–0244. 

Frequency: Quarterly and annually. 

Reporters: Bank holding companies 

(BHCs). 

Annual Reporting Hours: FR Y–11 

(quarterly), 11,424 hours; FR Y–11 

(annually), 1,489 hours. 

Estimated Average Hours per 

Response: FR Y–11 (quarterly), 6.80 

hours; FR Y–11 (annual), 6.80 hours. 

Number of Respondents: FR Y–11 

(quarterly), 420; FR Y–11 (annually), 

219. 

General Description of Report: This 

information collection is mandatory (12 

U.S.C. 1844(c)). Confidential treatment 

is not routinely given to the data in 

these reports. 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) 

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

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

Abstract: The FR Y–11 reporting 

forms collect financial information for 

individual non-functionally regulated 

U.S. nonbank subsidiaries of domestic 

BHCs. BHCs file the FR Y–11 on a 

quarterly or annual basis according to 

filing criteria. The FR Y–11 data are 

used with other BHC data to assess the 

condition of BHCs that are heavily 

engaged in nonbanking activities and to 

monitor the volume, nature, and 

condition of their nonbanking 

operations. 

Current Actions: On November 13, 

2008, the Federal Reserve published a 

notice in the Federal Register (73 FR 

67159) requesting public comment for 

60 days on the revision, without 

extension, of the FR Y–11. The 

comment period for this notice expired 

on January 12, 2009. The Federal 

Reserve did not receive any comments; 

the revisions will be implemented as 

proposed. 

2. Report Title: Financial Statements 

of Foreign Subsidiaries of U.S. Banking 

Organizations. 

Agency Form Number: FR 2314. 

OMB Control Number: 7100–0073. 

Frequency: Quarterly and annually. 

Reporters: Foreign subsidiaries of U.S. 

state member banks (SMBs), bank 

holding companies (BHCs), and Edge or 

agreement corporations. 

Annual Reporting Hours: FR 2314 

(quarterly), 5,755 hours; FR 2314 

(annually), 1,109 hours. 

Estimated Average Hours per 

Response: FR 2314 (quarterly), 6.60 

hours; FR 2314 (annual), 6.60 hours. 

Number of Respondents: FR 2314 

(quarterly), 218; FR 2314 (annually), 

168. 

General Description of Report: This 

information collection is mandatory (12 

U.S.C. 324, 602, 625, and 1844(c)). 

Confidential treatment is not routinely 

given to the data in these reports. 

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) and 

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

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

Abstract: The FR 2314 reports collect 

financial information for nonfunctionally regulated direct or indirect 

foreign subsidiaries of U.S. SMBs, Edge 

and agreement corporations, and BHCs. 

Parent organizations (SMBs, Edge and 

agreement corporations, or BHCs) file 

the FR 2314 on a quarterly or annual 

basis according to filing criteria. The FR 


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10742 Federal Register / Vol. 74, No. 47 / Thursday, March 12, 2009 / Notices 

2314 data are used to identify current 

and potential problems at the foreign 

subsidiaries of U.S. parent companies, 

to monitor the activities of U.S. banking 

organizations in specific countries, and 

to develop a better understanding of 

activities within the industry, in 

general, and of individual institutions, 

in particular. 

Current Actions: On November 13, 

2008, the Federal Reserve published a 

notice in the Federal Register (73 FR 

67159) requesting public comment for 

60 days on the revision, without 

extension, of the FR 2314. The comment 

period for this notice expired on January 

12, 2009. The Federal Reserve did not 

receive any comments; the revisions 

will be implemented as proposed. 

3. Report Title: Financial Statements 

of U.S. Nonbank Subsidiaries Held by 

Foreign Banking Organizations. 

Agency Form Number: FR Y–7N. 

OMB Control Number: 7100–0125. 

Frequency: Quarterly and annually. 

Reporters: Foreign banking 

organizations (FBOs). 

Annual Reporting Hours: FR Y–7N 

(quarterly), 5,277 hours; FR Y–7N 

(annually), 1,149 hours. 

Estimated Average Hours per 

Response: FR Y–7N (quarterly), 6.8 

hours; FR Y–7N (annual), 6.8 hours. 

Number of Respondents: FR Y–7N 

(quarterly), 194; FR Y–7N (annual), 169. 

General Description of Report: This 

information collection is mandatory (12 

U.S.C. 1844(c), 3106(c), and 3108). 

Confidential treatment is not routinely 

given to the data in these reports. 

However, confidential treatment for 

information, in whole or in part, on any 

of the reporting forms can be requested 

in accordance with the instructions to 

the form, pursuant to sections (b)(4) and 

(b)(6) of the Freedom of Information Act 

[5 U.S.C. 522(b)(4) and (b)(6)]. 

Abstract: The FR Y–7N collects 

financial information for nonfunctionally regulated U.S. nonbank 

subsidiaries held by FBOs other than 

through a U.S. bank holding company, 

U.S. financial holding company, or U.S. 

bank. FBOs file the FR Y–7N on a 

quarterly or annual basis based on size 

thresholds. 

Current Actions: On November 13, 

2008, the Federal Reserve published a 

notice in the Federal Register (73 FR 

67159) requesting public comment for 

60 days on the revision, without 

extension, of the FR Y–7N. The 

comment period for this notice expired 

on January 12, 2009. The Federal 

Reserve did not receive any comments; 

the revisions will be implemented as 

proposed. 

4. Report Title: Consolidated Report of 

Condition and Income for Edge and 

Agreement Corporations. 

Agency Form Number: FR 2886b. 

OMB Control Number: 7100–0086. 

Frequency: Quarterly. 

Reporters: Edge and agreement 

corporations. 

Annual Reporting Hours: 2,288 hours 

Estimated Average Hours per 

Response: 15.15 hours banking 

corporations, 9.60 investment 

corporations. 

Number of Respondents: 15 banking 

corporations, 50 investment 

corporations. 

General Description of Report: This 

information collection is mandatory (12 

U.S.C. 602 and 625). Schedules RC–M 

(except data item 3) and RC–V are held 

as confidential pursuant to section (b)(4) 

of the Freedom of Information Act [5 

U.S.C. 552 (b)(4)]. 

Abstract: The mandatory FR 2886b 

comprises a balance sheet, income 

statement, 2 schedules reconciling 

changes in capital and reserve accounts, 

and 10 supporting schedules, and it 

parallels the Call Report that 

commercial banks file. The Federal 

Reserve uses the data collected on the 

FR 2886b to supervise Edge 

corporations, identify present and 

potential problems, and monitor and 

develop a better understanding of 

activities within the industry. 

Current Actions: On November 13, 

2008, the Federal Reserve published a 

notice in the Federal Register (73 FR 

67159) requesting public comment for 

60 days on the revision, without 

extension, of the FR 2886b. The 

comment period for this notice expired 

on January 12, 2009. The Federal 

Reserve did not receive any comments; 

the revisions will be implemented as 

proposed. 

Proposal to Approve Under OMB 

Delegated Authority the Extension for 

Three Years, With Revision, of the 

Following Report: 

1. Report Title: Bank Holding 

Company Report of Insured Depository 

Institutions’ Section 23A Transactions 

with Affiliates. 

Agency Form Number: FR Y–8. 

OMB Control Number: 7100–0126. 

Frequency: Quarterly. 

Reporters: Top-tier bank holding 

companies (BHCs), including financial 

holding companies, for all insured 

depository institutions that are owned 

by the BHC and by foreign banking 

organizations that directly own a U.S. 

subsidiary bank. 

Annual Reporting Hours: 52,010 

hours. 

Estimated Average Hours per 

Response: Institutions with covered 

transactions, 7.8 hours; Institutions 

without covered transactions, 1.0 hour. 

Number of Respondents: Institutions 

with covered transactions, 1,013; 

Institutions without covered 

transactions, 5,101. 

General Description of Report: This 

information collection is mandatory 

(section 5(c) of the Bank Holding 

Company Act (12 U.S.C. 1844(c)) and 

section 225.5(b) of Regulation Y (12 CFR 

225.5(b)) and is given confidential 

treatment (5 U.S.C. 552(b)(4)). 

Abstract: This reporting form collects 

information on transactions between an 

insured depository institution and its 

affiliates that are subject to section 23A 

of the Federal Reserve Act. The primary 

purpose of the data is to enhance the 

Federal Reserve’s ability to monitor 

bank exposures to affiliates and to 

ensure banks’ compliance with section 

23A of the Federal Reserve Act. Section 

23A of the Federal Reserve Act is one 

of the most important statutes on 

limiting exposures to individual 

institutions and protecting against the 

expansion of the Federal safety net. 

Current Actions: On November 13, 

2008, the Federal Reserve published a 

notice in the Federal Register (73 FR 

67159) requesting public comment for 

60 days on the extension, with revision 

of the FR Y–8. The comment period for 

this notice expired on January 12, 2009. 

The Federal Reserve did not receive any 

comments; the revisions will be 

implemented as proposed. 

Board of Governors of the Federal Reserve 

System, March 9, 2009. 

Jennifer J. Johnson, 

Secretary of the Board. 

[FR Doc. E9–5343 Filed 3–11–09; 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 


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