Federal Register / Vol. 83, No. 14 / Monday, January 22, 2018 / Notices 2987 

form and instructions for the FR Y–7N 

to eliminate the concept of 

extraordinary items to be consistent 

with Accounting Standards Update 

(ASU) 2015–01, reclassify and clarify 

the reporting for certain tax benefits, 

and replace report form captions and 

instructions referencing ‘‘Loans net of 

unearned income’’ with ‘‘Loans held for 

investment.’’ 

Effective Date: March 31, 2018. 

Legal authorization and 

confidentiality: The FR Y–7N, FR Y– 

7NS, and FR Y–7Q are authorized by 

section 5(c) of the Bank Holding 

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

sections 8(c) and 13 of the International 

Banking Act (12 U.S.C. 3106(c) and 

3108). Section 165 of the Dodd-Frank 

Act (12 U.S.C. 5365) directs the Board 

to establish enhanced prudential 

standards for certain companies, 

including certain FBOs. The obligation 

of covered institutions to report this 

information is mandatory. Information 

disclosed in these reports is collected as 

part of the Board’s supervisory process 

and may be accorded confidential 

treatment under exemption 8 of the 

Freedom of Information Act (FOIA) (5 

U.S.C. 552(b)(8)), but information that is 

required to be disclosed publicly is 

generally not considered confidential. 

However, individual respondents may 

request that certain data be protected 

pursuant to Exemptions 4 and 6 (5 

U.S.C. 552(b)(4) and (6)) of FOIA, where 

such data relates to trade secrets and 

financial information, or to personal 

information, respectively. The 

applicability of these exemptions would 

have to be determined on a case-by-case 

basis. 

3. 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: Banking Edge and 

agreement corporations and investment 

(nonbanking) Edge and agreement 

corporations. 

Estimated annual reporting hours: 

Banking: Edge and agreement 

corporations (quarterly): 424; Banking: 

Edge and agreement corporations 

(annually): 15; Investment: Edge and 

agreement corporations (quarterly): 922; 

Investment: Edge and agreement 

corporations (annually): 86. 

Estimated average hours per response: 

Banking: Edge and agreement 

corporations (quarterly): 15.15; Banking: 

Edge and agreement corporations 

(annually): 15.15; Investment: Edge and 

agreement corporations (quarterly): 9.6; 

Investment: Edge and agreement 

corporations (annually): 9.6. 

Number of respondents: Banking: 

Edge and agreement corporations 

(quarterly): 7; Banking: Edge and 

agreement corporations (annually): 1; 

Investment: Edge and agreement 

corporations (quarterly): 24; Investment: 

Edge and agreement corporations 

(annually): 9. 

General description of report: The FR 

2886b reporting form is filed quarterly 

and annually by banking Edge and 

agreement corporations and investment 

(nonbanking) Edge and agreement 

corporations (collectively, ‘‘Edges or 

Edge corporations’’). The mandatory FR 

2886b comprises an income statement 

with two schedules reconciling changes 

in capital and reserve accounts and a 

balance sheet with 11 supporting 

schedules. Other than examination 

reports, it provides the only financial 

data available for these corporations. 

The Federal Reserve is solely 

responsible for authorizing, supervising, 

and assigning ratings to Edges. The 

Federal Reserve uses the data collected 

on the FR 2886b to identify present and 

potential problems and monitor and 

develop a better understanding of 

activities within the industry. 

Proposed revisions: The Federal 

Reserve proposes to revise the report 

form and instructions to eliminate the 

concept of extraordinary items to be 

consistent with Accounting Standards 

Update (ASU) 2015–01, reclassify and 

clarify the reporting for certain tax 

benefits in the reporting instructions, 

and replace report form captions and 

instructions referencing ‘‘Loans net of 

unearned income’’ with ‘‘Loans held for 

investment.’’ These changes would be 

effective for reports reflecting the March 

31, 2018, report date. 

Effective Date: March 31, 2018. 

Legal authorization and 

confidentiality: Sections 25 and 25A of 

the Federal Reserve Act authorize the 

Federal Reserve to collect the FR 2886b 

(12 U.S.C. 602, 625). The obligation to 

report this information is mandatory. 

The information collected on the FR 

2886b is generally not considered 

confidential, but certain data may be 

exempt from disclosure pursuant to 

exemption (b)(4) and (b)(7)(C) of the 

Freedom of Information Act, (5 U.S.C. 

552(b)(4) and (b)(7)(C)). The information 

exempt from disclosure pursuant to 

(b)(4) consists of information provided 

on Schedule RC–M (with the exception 

for item 3) and on Schedule RC–V, both 

of which pertain to claims on and 

liabilities to related organizations. The 

information exempt from disclosure 

pursuant to exemption (b)(7)(C) is 

information provided in the Patriot Act 

Contact Information section of the 

reporting form. 

Current actions: On July 18, 2017, the 

Board published a notice in the Federal 

Register (82 FR 32812) requesting 

public comment for 60 days on the 

proposal to extend with revision the FR 

Y–9C, FR Y–9LP, FR Y–7N, and FR 

2886b; and to extend without revision 

the FR Y–9ES, FR Y–9CS, FR Y–7NS, 

and FR Y–7Q. The comment period 

expired on September 18, 2017. The 

Board received one comment from a 

banking association that, while 

expressing support for the FR Y–9C 

proposed changes, urged the Board to 

have the FR Y–9C revisions 

incorporated into the March 31, 2018, 

report date (rather than the September 

30, 2017, report date) to harmonize the 

proposed changes with the proposed 

changes to the Call Reports. The Board 

has approved, pursuant to authority 

delegated by the OMB, the collections of 

information as proposed and amended 

(as discussed below). 

Detailed Discussion of Public 

Comments: In response to the 

commenter’s suggestion, the Board 

amended the proposal on September 11, 

2017 (82 FR 43367), to make the 

proposed changes to the FR Y–9C family 

of reports, the FR Y–7N family of 

reports, and the FR 2886b report 

effective with the reports reflecting the 

March 31, 2018, report date. This 

effective date should give institutions 

ample time to prepare for the revisions 

and would minimize burden by 

allowing institutions to prepare their 

systems once for these changes and any 

future burden-reducing changes targeted 

for that report date. The comment 

period for the proposal expired on 

September 18, 2017. The Board did not 

receive any additional comments. The 

revisions will be implemented as 

proposed and amended on September 

11, 2017. 

Board of Governors of the Federal Reserve 

System, January 17, 2018. 

Ann E. Misback, 

Secretary of the Board. 

[FR Doc. 2018–01056 Filed 1–19–18; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL RESERVE SYSTEM 

Formations of, Acquisitions by, and 

Mergers of Savings and Loan Holding 

Companies 

The companies listed in this notice 

have applied to the Board for approval, 

pursuant to the Home Owners’ Loan Act 

(12 U.S.C. 1461 et seq.) (HOLA), 

Regulation LL (12 CFR part 238), and 

Regulation MM (12 CFR part 239), and 

all other applicable statutes and 

regulations to become a savings and 


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2988 Federal Register / Vol. 83, No. 14 / Monday, January 22, 2018 / Notices 

loan holding company and/or to acquire 

the assets or the ownership of, control 

of, or the power to vote shares of a 

savings association and nonbanking 

companies owned by the savings and 

loan 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 application also will 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 HOLA (12 U.S.C. 1467a(e)). 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 10(c)(4)(B) of the 

HOLA (12 U.S.C. 1467a(c)(4)(B)). 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 February 15, 

2018. 

A. Federal Reserve Bank of 

Philadelphia (William Spaniel, Senior 

Vice President) 100 North 6th Street, 

Philadelphia, Pennsylvania 19105– 

1521. Comments can also 

be sent electronically to 

Comments.applications@phil.frb.org: 

1. William Penn Mutual Holding 

Company and William Penn Bancorp, 

Levittown, Pennsylvania; to acquire 

voting shares of Audubon Savings Bank, 

Audubon, New Jersey, and thereby 

merge it with William Penn Bank, 

Levittown, Pennsylvania. 

Board of Governors of the Federal Reserve 

System, January 16, 2018. 

Ann E. Misback, 

Secretary of the Board. 

[FR Doc. 2018–00947 Filed 1–19–18; 8:45 am] 

BILLING CODE 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 February 14, 

2018. 

A. Federal Reserve Bank of Dallas 

(Robert L. Triplett III, Senior Vice 

President) 2200 North Pearl Street, 

Dallas, Texas 75201–2272: 

1. Independent Bank Group, Inc., 

McKinney, Texas; to acquire 100 percent 

of the voting shares of Integrity 

Bancshares, Inc., and indirectly acquire 

shares of Integrity Bank, SSB, both of 

Houston, Texas. 

Board of Governors of the Federal Reserve 

System, January 16, 2018. 

Ann E. Misback, 

Secretary of the Board. 

[FR Doc. 2018–00948 Filed 1–19–18; 8:45 am] 

BILLING CODE P 

FEDERAL RETIREMENT THRIFT 

INVESTMENT 

Board Member Meeting 

77 K Street NE, 10th Floor, Washington, DC 

20002, January 22, 2018, 8:30 a.m. (InPerson) 

Open Session 

1. Approval of the minutes for the 

December 18, 2017 Board Meeting 

2. Monthly Reports 

(a) Participant Activity Report 

(b) Legislative Report 

3. Quarterly Reports 

(c) Investment Policy 

(d) Budget Review 

(e) Audit Status 

4. IT Update 

5. Annual Expense Ratio Review 

6. Blended Retirement Update 

7. Vendor Financials 

Closed Session 

Information covered under 5 U.S.C. 

552b (c)(4) and (c)(9)(B). 

CONTACT PERSON FOR MORE INFORMATION: 

Kimberly Weaver, Director, Office of 

External Affairs, (202) 942–1640. 

Dated: January 16, 2018. 

Kimberly Weaver, 

Director, Office of External Affairs. 

Megan Grumbine, 

General Counsel, Federal Retirement Thrift 

Investment Board. 

[FR Doc. 2018–01050 Filed 1–19–18; 8:45 am] 

BILLING CODE P 

FEDERAL TRADE COMMISSION 

Agency Information Collection 

Activities; Proposed Collection; 

Comment Request 

AGENCY: Federal Trade Commission 

(FTC or Commission). 

ACTION: Notice. 

SUMMARY: The information collection 

requirements described below will be 

submitted to the Office of Management 

and Budget (OMB) for review, as 

required by the Paperwork Reduction 

Act (PRA). The FTC seeks public 

comments on its proposal to extend for 

three years the current PRA clearance 

for information collection requirements 

pertaining to the Commission’s 

administrative activities. That clearance 

expires on April 30, 2018, and consists 

of: (a) Applications to the Commission, 

including applications and notices 

contained in the Commission’s Rules of 

Practice (primarily Parts I, II, and IV); 

(b) the FTC’s consumer complaint 

systems; and (c) the FTC’s program 

evaluation activities. 

DATES: Comments must be received on 

or before March 23, 2018. 

ADDRESSES: Interested parties may file a 

comment online or on paper by 

following the instructions in the 

Request for Comments part of the 

SUPPLEMENTARY INFORMATION section 

below. Write ‘‘Paperwork Reduction 

Act: FTC File No. P072108’’ on your 

comment, and file your comment online 

at https://ftcpublic.commentworks.com/ 

ftc/adminactivitiespra by following the 

instructions on the web-based form. If 

you prefer to file your comment on 

paper, mail your comment to the 

following address: Federal Trade 

Commission, Office of the Secretary, 

600 Pennsylvania Avenue NW, Suite 

CC–5610 (Annex J), Washington, DC 

20580, or deliver your comment to the 

following address: Federal Trade 

Commission, Office of the Secretary, 


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