3146 Federal Register / Vol. 83, No. 15 / Tuesday, January 23, 2018 / Notices 

Reporters: U.S. state member banks, 

holding companies, and Edge or 

agreement corporations. 

Estimated Annual Reporting Hours: 

FR 2314 (quarterly): 13,807; FR 2314 

(annual): 1,690; FR 2314S: 322. 

Estimated Average Hours per 

Response: FR 2314 (quarterly): 6.6; FR 

2314 (annual): 6.6; FR 2314S: 1. 

Number of Respondents: FR 2314 

(quarterly): 523; FR 2314 (annual): 256; 

FR 2314S: 322. 

General Description of Report: The FR 

2314 reporting forms collect financial 

information for non-functionally 

regulated direct or indirect foreign 

subsidiaries of U.S. state member banks 

(SMBs), Edge and agreement 

corporations, and holding companies 

(i.e., bank holding companies, savings 

and loan holding companies, securities 

holding companies, and intermediate 

holding companies). Parent 

organizations (SMBs, Edge and 

agreement corporations, or holding 

companies) file the FR 2314 on a 

quarterly or annual basis, or the FR 

2314S on an annual basis, 

predominantly based on whether the 

organization meets certain asset size 

thresholds described in the instructions 

to the reports. The FR 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 July 18, 2017, the 

Board published a notice in the Federal 

Register (82 FR 43367) requesting 

public comment on the extension for 

three years with revision of the FR Y– 

11, FR Y–11S, FR 2314, and the FR 

2314S. The Board proposed to revise the 

instructions for Schedule IS (and related 

line item captions on the reporting 

form) to remove the term ‘‘extraordinary 

items’’ and replace it with 

‘‘discontinued operations,’’ in 

accordance with revised accounting 

standards issued by the Financial 

Accounting Standards Board in ASU 

No. 2015–01, ‘‘Simplifying Income 

Statement Presentation by Eliminating 

the Concept of Extraordinary Items.’’ In 

addition, the terms ‘‘Loans net of 

unearned income’’ and ‘‘Loans held for 

investment’’ are being used 

interchangeably throughout certain 

regulatory reports although both 

descriptions are intended to have the 

same reported amounts. Consistent with 

the Call Report, the Federal Reserve is 

revising the captions and instructions 

‘‘Loans net of unearned income’’ and 

replace with ‘‘Loans held for 

investment’’ on all reports where 

applicable for clarity and internal 

consistency. The proposal was amended 

September 11, 2017, to extend the 

proposed implementation date from 

September 30, 2017, to March 31, 2018. 

The comment period expired on 

September 18, 2017, and no comments 

were received. The revisions will be 

implemented as proposed. 

Legal Authorization and 

Confidentiality: The Board has the 

authority to collect the information 

requested on the FR Y–11 series of 

reports and the FR 2314 series of reports 

from bank holding companies, savings 

and loan holding companies (SLHCs), 

securities holding companies, and 

intermediate holding companies (IHCs) 

under, respectively, section 5(c) of the 

Bank Holding Company Act (BHC Act), 

(12 U.S.C. 1844(c)) (BHCs and IHCs); the 

Homeowners’ Loan Act, (12 U.S.C. 

1467a(b)(2)) (SLHCs); section 165 of the 

Dodd-Frank Act, (12 U.S.C. 5365) (IHCs 

only); and section 618 of the DoddFrank Act, (12 U.S.C. 850a) (securities 

holding companies). Collection of 

information from non-functionally 

regulated direct or indirect foreign 

subsidiaries of U.S. state member banks, 

Edge and agreement corporations filing 

the FR 2314 series of reports is 

authorized under sections 9(6), 25(7) 

and 25A(17) of the Federal Reserve Act, 

(12 U.S.C. 324, 602, and 625), 

respectively. The Federal Reserve does 

not consider the data collected by the 

FR Y–11 series of reports or FR 2314 

series of reports to be confidential. 

However, a respondent may request 

confidential treatment 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), (b)(8)). The 

applicability of these exemptions would 

be determined on a case-by-case basis. 

Board of Governors of the Federal Reserve 

System, January 18, 2018. 

Margaret McCloskey Shanks, 

Deputy Secretary of the Board. 

[FR Doc. 2018–01150 Filed 1–22–18; 8:45 am] 

BILLING CODE 6210–01–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 February 

12, 2018. 

A. Federal Reserve Bank of Kansas 

City (Dennis Denney, Assistant Vice 

President) 1 Memorial Drive, Kansas 

City, Missouri 64198–0001: 

1. Guy L. Berry and William L. Berry, 

both of Sapulpa, Oklahoma; 

individually, to retain voting shares of 

American Bancorporation, Inc., 

Sapulpa, Oklahoma, and thereby 

indirectly retain shares of American 

Heritage Bank, Sapulpa, Oklahoma. 

In addition, James A. Dilley Jr., Jarrett 

Blake Dilley, Kaylee D. Berry, Hannah 

D. Berry, Brooklyn B. Berry, and the Guy 

L. Berry, Jr. Trust B–1, all of Sapulpa, 

Oklahoma, to retain/acquire voting 

shares and be approved as members of 

the Berry Family Group which, acting in 

concert, controls American 

Bancorporation. 

2. Jeffrey Royal, Omaha, Nebraska; to 

retain voting shares of Tri Valley 

Bancshares, Inc., and thereby retain 

voting shares of Tri Valley Bank, both of 

Talmage, Nebraska. 

Board of Governors of the Federal Reserve 

System, January 18, 2018. 

Ann E. Misback, 

Secretary of the Board. 

[FR Doc. 2018–01133 Filed 1–22–18; 8:45 am] 

BILLING CODE P 

FEDERAL RESERVE SYSTEM 

Proposed Agency Information 

Collection Activities; Comment 

Request 

AGENCY: Board of Governors of the 

Federal Reserve System. 

ACTION: Notice, request for comment. 

SUMMARY: The Board of Governors of the 

Federal Reserve System (Board) invites 

comment on a proposal to extend for 

three years, with revision, the reports on 

Margin Credit (FR G–1, FR G–2, FR G– 

4; OMB No. 7100–0011. FR G–3; OMB 

No. 7100–0018. FR T–4; OMB No. 7100– 

0019. FR U–1; OMB No. 7100–0115). 

DATES: Comments must be submitted on 

or before March 26, 2018. 

ADDRESSES: You may submit comments, 

identified by FR G–1, FR G–2, FR G–3, 


sradovich on DSK3GMQ082PROD with NOTICES
Federal Register / Vol. 83, No. 15 / Tuesday, January 23, 2018 / Notices 3147 

FR G–4, T–4, or FR U–1, by any of the 

following methods: 

• Agency Website: 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: Ann E. Misback, 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 website 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 website 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 Clearance 

Officer—Nuha Elmaghrabi—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: On June 

15, 1984, the Office of Management and 

Budget (OMB) delegated to the Board 

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. In exercising this 

delegated authority, the Board is 

directed to take every reasonable step to 

solicit comment. In determining 

whether to approve a collection of 

information, the Board will consider all 

comments received from the public and 

other agencies. 

Request for Comment on Information 

Collection Proposal 

The Board invites public comment on 

the following information collection, 

which is being reviewed under 

authority delegated by the OMB under 

the PRA. 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 startup costs 

and costs of operation, maintenance, 

and purchase of services to provide 

information. 

At the end of the comment period, the 

comments and recommendations 

received will be analyzed to determine 

the extent to which the Federal Reserve 

should modify the proposal. 

Proposal To Approve Under OMB 

Delegated Authority the Extension for 

Three Years, With Revision, of the 

Following Reports 

1. Report title: Registration Statement 

for Persons Who Extend Credit Secured 

by Margin Stock (Other Than Banks, 

Brokers, or Dealers); Deregistration 

Statement for Persons Registered 

Pursuant to Regulation U; Annual 

Report. 

Agency form number: FR G–1; FR G– 

2; FR G–4. 

OMB control number: 7100–0011. 

Frequency: FR G–1 and FR G–2: On 

occasion; FR G–4: annually. 

Respondents: Lenders making loans 

secured by margin stock other than 

brokers, dealers, and banks. 

Estimated number of respondents: 89. 

Estimated average hours per response: 

FR G–1: 2.5; FR G–2: 0.25; FR G–4: 2. 

Estimated annual burden hours: 160. 

General Description of Report: The 

registration statement (FR G–1) is 

required to enable the Federal Reserve 

to identify nonbank lenders subject to 

Regulation U, to verify compliance with 

the regulation, and to monitor margin 

credit. In addition, registered nonbank 

lenders can be subject to periodic 

review by the Board, National Credit 

Union Administration, and Farm Credit 

Administration. 

The deregistration statement (FR G–2) 

is used by nonbank lenders to withdraw 

from regulation if their margin credit 

activities no longer exceed the 

regulatory threshold found in 

Regulation U. Under section 221.3(b)(2) 

of Regulation U, a registered nonbank 

lender may apply to terminate its 

registration if the lender has not, during 

the preceding six calendar months, had 

more than $200,000 of such credit 

outstanding. 

The information submitted on the 

annual report (FR G–4) is required 

pursuant to Regulation U to enable the 

Federal Reserve to monitor the amount 

of credit that is secured by margin stock 

and that is extended by nonbank 

lenders. 

2. Report title: Statement of Purpose 

for an Extension of Credit Secured by 

Margin Stock by a Person Subject to 

Registration Under Regulation U. 

Agency form number: FR G–3. 

OMB control number: 7100–0018. 

Frequency: On occasion. 

Respondents: Lenders that extend 

credit by other lenders pursuant to the 

Federal Reserve’s margin requirements. 

Estimated number of respondents: 6. 

Estimated average hours per response: 

0.17. 

Estimated annual burden hours: 20. 

3. Report title: Statement of Purpose 

for an Extension of Credit by a Creditor. 

Agency form number: FR T–4. 

OMB control number: 7100–0019. 

Frequency: On occasion. 

Respondents: Brokers and dealers 

extending credit pursuant to the Federal 

Reserve’s margin requirements. 

Estimated number of respondents: 4. 

Estimated average hours per response: 

0.17. 

Estimated annual burden hours: 14. 

4. Report title: Statement of Purpose 

for an Extension of Credit Secured by 

Margin Stock. 

Agency form number: FR U–1. 

OMB control number: 7100–00115. 

Frequency: On occasion. 

Respondents: Filers for extension of 

credit by banks. 


sradovich on DSK3GMQ082PROD with NOTICES
3148 Federal Register / Vol. 83, No. 15 / Tuesday, January 23, 2018 / Notices 

Estimated number of respondents: 4. 

Estimated average hours per response: 

0.17. 

Estimated annual burden hours: 51. 

General Description of Report: The FR 

G–3, FR T–4, and FR U–1 purpose 

statements, which are completed by the 

borrower and the lender (brokers and 

dealers, in the case of the FR T–4), 

consist of three parts. The borrower 

completes Part I of the reporting form 

and is required to do the following: 

State the amount of the loan and 

whether the purpose of the loan is to 

purchase, carry, or trade in securities 

(pursuant to Regulation T) or purchase 

or carry margin stock (pursuant to 

Regulation U) and, if not, describe the 

specific purpose of the loan. FR T–4 

respondents must also answer a 

question as to whether the securities 

serving as collateral will be delivered 

against payment. The borrower must 

sign and date the reporting form. The 

lender completes Part II, which may 

entail listing and valuing any collateral. 

The lender then signs and dates Part III 

of the reporting form, acknowledging 

that the customer’s statement is 

accepted in good faith. The lender is 

required to hold the reporting forms for 

at least three years after the credit is 

extinguished. The Federal Reserve 

System does not collect or process this 

information, but as noted, the 

information required on the form may 

be used by Federal Reserve examiners to 

assess compliance with the Securities 

Exchange Act of 1934 and Regulation T. 

Proposed revisions: The Board 

proposes to revise the instructions for 

the FR G–1, FR G–2, and FR G–4 to 

require respondents to submit Portable 

Document Format (PDF) versions of the 

reporting forms and attachments to a 

designated Federal Reserve Board email 

address. The Board is proposing these 

revisions in an effort to improve clarity 

as the current instructions do not 

contain explicit guidance on the form of 

submission for the reports. The 

revisions would be effective April 1, 

2018. 

The Board also proposes to 

consolidate all six Margin Credit 

Reports under one OMB control 

number, 7100–0011, which currently 

only includes the FR G–1, FR G–2, and 

FR G–4. This change is aimed at 

simplifying the tracking and clearance 

process for the Margin Credit Reports. 

Legal authorization and 

confidentiality: The Board has 

determined that each of the reports is 

authorized by section 7 of the Act (15 

U.S.C. 78g). In addition, FR T–4 is 

required by section 220.6 of Regulation 

T (12 CFR 220.6), FR U–1 is required by 

sections 221.3(c)(1)(i) and (2)(i) of 

Regulation U (12 CFR 221.3(c)(1)(i) and 

(2)(i)), and FR G–1, FR G–2, FR G–3, and 

FR G–4 are required by sections 

221.3(b)(1), (2), and (3), and (c)(1)(ii) 

and (2)(ii) of Regulation U (12 CFR 

221.3(b)(1), (2), and (3), and (c)(1)(ii) 

and (2)(ii)). 

FR G–1 and FR G–4 collect financial 

information, including a balance sheet, 

from nonbank lenders subject to 

Regulation U. Some of these lenders 

may be individuals or nonbank entities 

that do not make this information 

publicly available; release could 

therefore cause substantial harm to the 

competitive position of the respondent 

or result in an unwarranted invasion of 

personal privacy. In those cases, the 

information could be withheld under 

exemption 4 or exemption 6 of the 

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

552(b)(4) and (6)), respectively. 

Confidentiality determinations must be 

made on a case by case basis. Because 

FR G–3, FR T–4, and FR U–1 are not 

submitted to the Federal Reserve System 

and FR G–2 does not contain any 

information considered to be 

confidential, no confidentiality 

determination is necessary for these 

reports. 

Board of Governors of the Federal Reserve 

System, January 17, 2018. 

Ann E. Misback, 

Secretary of the Board. 

[FR Doc. 2018–01115 Filed 1–22–18; 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. 

ACTION: Notice, request for comment. 

SUMMARY: The Board of Governors of the 

Federal Reserve System (Board) invites 

comment on a proposal to extend for 

three years, without revision, the 

Recordkeeping Requirements 

Associated with Limitations on 

Interbank Liabilities (Regulation F; OMB 

No. 7100–0331). 

DATES: Comments must be submitted on 

or before March 26, 2018. 

ADDRESSES: You may submit comments, 

identified by Regulation F, by any of the 

following methods: 

• Agency Website: 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: Ann E. Misback, 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 website 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 website 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 Clearance 

Officer—Nuha Elmaghrabi—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: On June 

15, 1984, the Office of Management and 

Budget (OMB) delegated to the Board 

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. In exercising this 

delegated authority, the Board is 


sradovich on DSK3GMQ082PROD with NOTICES