Federal Register / Vol. 75, No. 212 / Wednesday, November 3, 2010 / Notices 67731 

1The ten-year recovery rate is based on the pro 

forma income statement for Federal Reserve priced 

services published in the Board’s Annual Report. 

Effective December 31, 2006, the Reserve Banks 

implemented Statement of Financial Accounting 

Standards (SFAS) No. 158: Employers’ Accounting 

for Defined Benefit Pension and Other 

Postretirement Plans [Accounting Standards 

Codification (ASC) 715 Compensation—Retirement 

Benefits], which resulted in recognizing a reduction 

in equity related to the priced services’ benefit 

plans. Including this reduction in equity results in 

cost recovery of 93.0 percent for the ten-year period. 

This measure of long-run cost recovery is also 

published in the Board’s Annual Report. 

Reporters: Foreign banking 

organizations (FBOs). 

Annual reporting hours: FR Y–7NS: 

237; FR Y–7Q (quarterly): 340; FR Y–7Q 

(annual): 111. 

Estimated average hours per response: 

FR Y–7NS: 1.0; FR Y–7Q (quarterly): 

1.25; FR Y–7Q (annual): 1.0. 

Number of respondents: FR Y–7NS: 

237; FR Y–7Q (quarterly): 68; FR Y–7Q 

(annual): 111. 

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–7NS collect 

financial information for nonfunctionally regulated U.S. nonbank 

subsidiaries held by foreign banking 

organizations (FBOs) other than through 

a U.S. bank holding company (BHC), 

U.S. financial holding company (FHC), 

or U.S. bank. The FR Y–7NS is filed 

annually, as of December 31, by top-tier 

FBOs for each individual nonbank 

subsidiary (that does not meet the filing 

criteria for filing the detailed report) 

with total assets of at least $50 million, 

but less than $250 million. The FR Y– 

7Q collects consolidated regulatory 

capital information from all FBOs either 

quarterly or annually. FBOs that have 

effectively elected to become FHCs file 

the FR Y–7Q quarterly. All other FBOs 

(those that have not elected to become 

FHCs) file the FR Y–7Q annually. 

Board of Governors of the Federal Reserve 

System, October 29, 2010. 

Jennifer J. Johnson, 

Secretary of the Board. 

[FR Doc. 2010–27698 Filed 11–2–10; 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 

November 16, 2010. 

A. Federal Reserve Bank of Chicago 

(Colette A. Fried, Assistant Vice 

President) 230 South LaSalle Street, 

Chicago, Illinois 60690–1414: 

1. Robert John Dentel, Victor, Iowa, 

and Mary P. Howell, Ames, Iowa; each 

to control 25 percent or more of the 

voting shares of Dentel Bancorporation, 

and thereby indirectly control of Victor 

State Bank, both of Victor, Iowa; 

Corydon State Bank, Corydon, Iowa; 

First State Bank of Colfax, Colfax, Iowa; 

Maxwell State Bank, Maxwell, Iowa; 

Pocahontas State Bank, Pocahontas, 

Iowa; and Panora State Bank, Panora, 

Iowa. 

Board of Governors of the Federal Reserve 

System, October 28, 2010. 

Robert deV. Frierson, 

Deputy Secretary of the Board. 

[FR Doc. 2010–27683 Filed 11–2–10; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL RESERVE SYSTEM 

[Docket No. OP 1396] 

Federal Reserve Bank Services 

AGENCY: Board of Governors of the 

Federal Reserve System. 

ACTION: Notice. 

SUMMARY: The Board of Governors of the 

Federal Reserve System (Board) has 

approved the private sector adjustment 

factor (PSAF) for 2011 of $39.5 million 

and the 2011 fee schedules for Federal 

Reserve priced services and electronic 

access. These actions were taken in 

accordance with the requirements of the 

Monetary Control Act of 1980, which 

requires that, over the long run, fees for 

Federal Reserve priced services be 

established on the basis of all direct and 

indirect costs, including the PSAF. The 

Board has also approved maintaining 

the current earnings credit rate on 

clearing balances. 

DATES: The new fee schedules and 

earnings credit rate become effective 

January 3, 2011. 

FOR FURTHER INFORMATION CONTACT: For 

questions regarding the fee schedules: 

Jeffrey C. Marquardt, Deputy Director, 

(202/452–2360); Jeffrey S.H. Yeganeh, 

Manager, Retail Payments, (202/728– 

5801); Linda S. Healey, Senior Financial 

Services Analyst, (202/452–5274), 

Division of Reserve Bank Operations 

and Payment Systems. For questions 

regarding the PSAF and earnings credits 

on clearing balances: Gregory L. Evans, 

Deputy Associate Director, (202/452– 

3945); Brenda L. Richards, Manager, 

Financial Accounting, (202/452–2753); 

or Jonathan C. Mueller, Senior Financial 

Analyst, (202/530–6291), Division of 

Reserve Bank Operations and Payment 

Systems. For users of 

Telecommunications Device for the Deaf 

(TDD) only, please call 202/263–4869. 

Copies of the 2011 fee schedules for the 

check service are available from the 

Board, the Federal Reserve Banks, or the 

Reserve Banks’ financial services web 

site at http://www.frbservices.org. 

SUPPLEMENTARY INFORMATION: 

I. Private Sector Adjustment Factor 

And Priced Services 

A. Overview—Each year, as required 

by the Monetary Control Act of 1980, 

the Reserve Banks set fees for priced 

services provided to depository 

institutions. These fees are set to 

recover, over the long run, all direct and 

indirect costs and imputed costs, 

including financing costs, taxes, and 

certain other expenses, as well as the 

return on equity (profit) that would have 

been earned if a private business firm 

provided the services. The imputed 

costs and imputed profit are collectively 

referred to as the PSAF. Similarly, 

investment income is imputed and 

netted with related direct costs 

associated with clearing balances to 

estimate net income on clearing 

balances (NICB). From 2000 through 

2009, the Reserve Banks recovered 97.8 

percent of their total expenses 

(including imputed costs) and targeted 

after-tax profits or return on equity 

(ROE) for providing priced services.1

Table 1 summarizes 2009, 2010 

estimated, and 2011 budgeted costrecovery rates for all priced services. 

Cost recovery is estimated to be 102.9 

percent in 2010 and budgeted to be 

102.0 percent in 2011. The check 

service accounts for slightly over half of 

the total cost of priced services and thus 


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