Federal Register / Vol. 87, No. 103 / Friday, May 27, 2022 / Notices 32165 

nonbank subsidiary that does not meet 

the criteria for filing quarterly and that 

has total assets of at least $500 million. 

The FR Y–7NS is an abbreviated 

reporting form that collects net income, 

total assets, equity capital, and total offbalance-sheet data items. The FR Y–7NS 

is filed annually, as of December 31, by 

top-tier FBOs for each individual 

nonbank subsidiary that does not have 

a primary U.S. regulator other than the 

Federal Reserve System (and does not 

meet the filing criteria for filing the FR 

Y–7N) with total assets greater than or 

equal to $250 million. 

The FR Y–7Q collects consolidated 

capital and asset information from all 

FBOs. Part 1 of the reporting form 

currently collects the following 

information: Tier 1 capital; total riskbased capital; risk-weighted assets; total 

consolidated assets; total combined 

assets of U.S. operations; net of 

intercompany balances and transactions 

between U.S. domiciled affiliates, 

branches, and agencies; and total U.S. 

non-branch assets. In addition, an FBO 

that files the FR Y 7Q because it has 

made an effective election to be treated 

as an FHC also must provide separate 

capital schedules on Part 2 of the FR Y– 

7Q quarterly for each lower-tier FBO 

operating a branch, agency, Edge or 

agreement corporation, or commercial 

lending company in the United States. 

Part 1A of the FR Y–7Q is filed quarterly 

by FBOs if the top-tier FBO or any FBO 

in its tiered structure has made an 

effective election to be treated as an 

FHC and by FBOs with total 

consolidated assets of $50 billion or 

more, regardless of FHC status. Part 1B 

of the FR Y–7Q is filed quarterly by 

FBOs with combined U.S. assets of $100 

billion or more, or combined U.S. assets 

of less than $100 billion but total 

consolidated assets of $250 billion or 

more. The FR Y–7Q is filed annually if 

the FBO or any FBO in its tiered 

structure has not effectively elected to 

be an FHC and the FBO has total 

consolidated assets of less than $50 

billion. 

Proposed revisions: For the FR Y–7Q, 

the Board proposes to add an additional 

line item on Part 1A., Capital and Asset 

Information for the Top-tier Foreign 

Banking Organization, to collect the 

total combined U.S. assets net of 

intercompany balances and transactions 

on a quarterly average basis. This line 

item would be used for analytical 

purposes to track the growth of FBOs in 

the U.S. and to make reporting more 

consistent with the reporting of total 

combined assets of U.S. operations, net 

of intercompany balances and 

transactions in the Systemic Risk Report 

(FR Y–15; OMB No. 7100–0352), which 

is filed by some FBOs. 

The Board also proposes to revise the 

FR Y–7Q report to remove the option of 

filing on a fiscal year basis and to 

instead require the respondent to file on 

a calendar period basis. As of December 

31, 2020, only approximately five 

percent of respondents submitted the FR 

Y–7Q on a fiscal year basis. The 

elimination of the fiscal filing basis 

would be consistent with other Federal 

Reserve regulatory reports. The change 

also would enhance the Board’s ability 

to monitor FBOs that may be 

approaching the asset threshold to file 

the FR Y–15, as well as to provide data 

on the same filing frequency basis as 

with the U.S. legal entity regulatory 

report forms (i.e., Consolidated 

Financial Statements for Holding 

Companies (FR Y–9C; OMB No. 7100– 

0128), Consolidated Reports of 

Condition of Income (FFIEC 031/041/ 

051; OMB No. 7100–0036)). In addition, 

the change would enable calculations 

for Regulation TT assessments to be 

made at the same speed and efficiency 

as for domestic-only holding companies, 

which file the FR Y–9C. 

Additionally, the Board proposes to 

change the filing deadline from 90 days 

after quarter-end to 30 days after 

quarter-end for quarterly filers and from 

90 days after quarter-end to 45 days 

after quarter-end for annual filers. 

Shortening the reporting deadline will 

allow for more timely analysis needed 

for effective FBO supervision; the 

efficiency gain will also allow for a 

more expedient process for Supervision 

staff to have a full picture of the FBO’s 

financial structure from parent company 

global and US assets, consistent with 

the FBO’s legal entities. The 

instructions were modified, effective 

December 31, 2021, to note that 

respondents would also have the option 

to submit the FR Y–7Q report 

electronically via Reporting Central. 

Electronic filing provides respondents 

with a more efficient option to submit 

the FR Y–7Q report. 

Finally, the Board proposes to remove 

line item 8, as-of financial date, in Part 

1A and line item 6, as-of financial date, 

in Part 2, as the elimination of the fiscal 

year basis reporting makes these items 

unnecessary. The Board also proposes to 

make other minor clarifications and 

conforming edits to the form and 

instructions. 

The proposed changes would be 

effective with the FR Y–7Q submission 

for the December 31, 2022, as-of date. 

Legal authorization and 

confidentiality: The FR Y–7N, Y–7NS, 

and Y–7Q are authorized by the Bank 

Holding Company Act (BHC Act) and 

International Banking Act. The FR Y– 

7N, Y–7NS, and Y–7Q are additionally 

authorized by section 165 of the DoddFrank Wall Street Reform and Consumer 

Protection Act. The FR Y–7N, Y–7NS, 

and Y–7Q are mandatory. 

The information contained on the FR 

Y–7N, Y–7NS, and Y–7Q is generally 

not considered confidential unless an 

applicant requests confidential 

treatment in accordance with the 

Board’s Rules Regarding Availability of 

Information. Requests for confidential 

treatment of information are reviewed 

on a case-by-case basis. Information 

provided on the FR Y–7N, Y–7NS, and 

Y–7Q may be exempt from disclosure 

pursuant to exemption 4 of the Freedom 

of Information Act (FOIA) if it is 

nonpublic commercial or financial 

information, which is both customarily 

and actually treated as private by the 

respondent. Submissions of the FR Y– 

7N, Y–7NS, and Y–7Q may also contain 

personnel and medical files the 

disclosure of which would constitute a 

clearly unwarranted invasion of 

personal privacy, which are protected 

under exemption 6 of the FOIA; or 

information contained in or related to 

examination, operating, or condition 

reports prepared by, on behalf of, or for 

the use of an agency responsible for the 

regulation or supervision of financial 

institutions, which are protected under 

exemption 8 of the FOIA. 

Board of Governors of the Federal Reserve 

System, May 24, 2022. 

Ann E. Misback, 

Secretary of the Board. 

[FR Doc. 2022–11505 Filed 5–26–22; 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 public portions of the 

applications listed below, as well as 

other related filings required by the 

Board, if any, are available for 

immediate inspection at the Federal 

Reserve Bank(s) indicated below and at 


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32166 Federal Register / Vol. 87, No. 103 / Friday, May 27, 2022 / Notices 

the offices of the Board of Governors. 

This information may also be obtained 

on an expedited basis, upon request, by 

contacting the appropriate Federal 

Reserve Bank and from the Board’s 

Freedom of Information Office at 

https://www.federalreserve.gov/foia/ 

request.htm. Interested persons may 

express their views in writing on the 

standards enumerated in the BHC Act 

(12 U.S.C. 1842(c)). 

Comments regarding each of these 

applications must be received at the 

Reserve Bank indicated or the offices of 

the Board of Governors, Ann E. 

Misback, Secretary of the Board, 20th 

Street and Constitution Avenue NW, 

Washington, DC 20551–0001, not later 

than June 27, 2022. 

A. Federal Reserve Bank of Chicago 

(Colette A. Fried, Assistant Vice 

President) 230 South LaSalle Street, 

Chicago, Illinois 60690–1414: 

1. S.B.C.P. Bancorp, Inc., Cross Plains, 

Wisconsin; to merge with Monona 

Bankshares, Inc., and thereby indirectly 

acquire Monona Bank, both of Monona, 

Wisconsin. 

Board of Governors of the Federal Reserve 

System. 

Michele Taylor Fennell, 

Deputy Associate Secretary of the Board. 

[FR Doc. 2022–11474 Filed 5–26–22; 8:45 am] 

BILLING CODE P 

DEPARTMENT OF DEFENSE 

GENERAL SERVICES 

ADMINISTRATION 

NATIONAL AERONAUTICS AND 

SPACE ADMINISTRATION 

[OMB Control No. 9000–0073; Docket 2022– 

0053; Sequence 9] 

Submission for OMB Review; Certain 

Federal Acquisition Regulation Part 32 

Requirements 

AGENCY: Department of Defense (DOD), 

General Services Administration (GSA), 

and National Aeronautics and Space 

Administration (NASA). 

ACTION: Notice. 

SUMMARY: Under the provisions of the 

Paperwork Reduction Act, the 

Regulatory Secretariat Division has 

submitted to the Office of Management 

and Budget (OMB) a request to review 

and approve a revision of a previously 

approved information collection 

requirement regarding certain Federal 

Acquisition Regulation part 32 

requirements. 

DATES: Submit comments on or before 

June 27, 2022. 

ADDRESSES: Written comments and 

recommendations for this information 

collection should be sent within 30 days 

of publication of this notice to 

www.reginfo.gov/public/do/PRAMain. 

Find this particular information 

collection by selecting ‘‘Currently under 

Review—Open for Public Comments’’ or 

by using the search function. 

Additionally, submit a copy to GSA 

through https://www.regulations.gov 

and follow the instructions on the site. 

This website provides the ability to type 

short comments directly into the 

comment field or attach a file for 

lengthier comments. 

Instructions: All items submitted 

must cite OMB Control No. 9000–0073, 

Certain Federal Acquisition Regulation 

Part 32 Requirements. Comments 

received generally will be posted 

without change to https://

www.regulations.gov, including any 

personal and/or business confidential 

information provided. To confirm 

receipt of your comment(s), please 

check www.regulations.gov, 

approximately two-to-three days after 

submission to verify posting. If there are 

difficulties submitting comments, 

contact the GSA Regulatory Secretariat 

Division at 202–501–4755 or 

GSARegSec@gsa.gov. 

FOR FURTHER INFORMATION CONTACT: 

Zenaida Delgado, Procurement Analyst, 

at telephone 202–969–7207, or 

zenaida.delgado@gsa.gov. 

SUPPLEMENTARY INFORMATION: 

A. OMB Control Number, Title, and 

Any Associated Form(s) 

9000–0073, Certain Federal Acquisition 

Regulation Part 32 Requirements 

B. Needs and Uses 

DoD, GSA, and NASA are combining 

OMB Control Nos. for the Federal 

Acquisition Regulation (FAR) by FAR 

part. This consolidation is expected to 

improve industry’s ability to easily and 

efficiently identify burdens associated 

with a given FAR part. The review of 

the information collections by FAR part 

allows improved oversight to ensure 

there is no redundant or unaccounted 

for burden placed on industry. Lastly, 

combining information collections in a 

given FAR part is also expected to 

reduce the administrative burden 

associated with processing multiple 

information collections. 

This justification supports the 

revision of OMB Control No. 9000–0073 

and combines it with the previously 

approved information collections under 

OMB Control Nos. 9000–0070, 9000– 

0074, 9000–0102, and 9000–0144, with 

the new title ‘‘Certain Federal 

Acquisition Regulation Part 32 

Requirements’’. Upon approval of this 

consolidated information collection, 

OMB Control Nos. 9000–0070, 9000– 

0074, 9000–0102, and 9000–0144 will 

be discontinued. The burden 

requirements previously approved 

under the discontinued numbers will be 

covered under OMB Control No. 9000– 

0073. 

This clearance covers the information 

that offerors, contractors, or both must 

submit to comply with the following 

FAR requirements: 

FAR 32.408, Application for Advance 

Payments. In accordance with FAR 

32.408(b), contractors requesting 

advance payments must submit their 

request in writing to the contracting 

officer and provide the following 

information: 

Æ A reference to the contract if the 

request concerns an existing contract, or 

a reference to the solicitation if the 

request concerns a proposed contract. 

Æ A cash flow forecast showing 

estimated disbursements and receipts 

for the period of contract performance. 

Æ The proposed total amount of 

advance payments. 

Æ The name and address of the 

financial institution at which the 

contractor expects to establish a special 

account as depository for the advance 

payments. 

Æ A description of the contractor’s 

efforts to obtain unguaranteed private 

financing or a V-loan under eligible 

contracts. 

Æ Other information appropriate to an 

understanding of 

D the contractor’s financial condition 

and need, 

D the contractor’s ability to perform 

the contract without loss to the 

Government, and 

D financial safeguards needed to 

protect the Government’s interest. 

The information is used to determine 

if advance payments should be provided 

to the contractor. 

FAR 52.232–1 through 52.232–4, 

52.232–6, 52.232–7, and 52.232–10— 

Payments. The following FAR clauses 

require the contractor to (as appropriate 

to the payment terms specified in the 

contract) provide a proper invoice or 

voucher. The information is used to 

determine the proper amount of 

payments to Federal contractors. 

Æ 52.232–1, Payments. 

Æ 52.232–2, Payments under FixedPrice Research and Development 

Contracts. 

Æ 52.232–3, Payments under Personal 

Services Contracts. 

Æ 52.232–4, Payments under 

Transportation Contracts and 

Transportation-Related Services 

Contracts. 


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