Federal Register / Vol. 79, No. 225 / Friday, November 21, 2014 / Notices 69477 

1Also included in this family of reports are the 

following reports, which are not being revised: the 

Financial Statements of U.S. Nonbank Subsidiaries 

Held by Foreign Banking Organizations (FR Y–7N) 

and the Abbreviated Financial Statements of U.S. 

Nonbank Subsidiaries Held by Foreign Banking 

Organizations (FR Y–7NS). 

2Total combined assets of the top-tier FBO’s U.S. 

domiciled affiliates should exclude the assets of 

section 2(h)(2) companies as defined in section 

2(h)2 of the Bank Holding Company Act (12 U.S.C. 

1841(h)(2)) and DPC branch subsidiaries. This item 

excludes the assets of U.S. branches and agencies. 

3 79 FR 17240, 17273 (March 27, 2014). 

4 12 CFR 252.152(b)(2). 

collection 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 Acting Clearance 

Officer—John Schmidt—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. 

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. 

Final approval under OMB delegated 

authority of the revision, without 

extension, of the following report: 

Report title: Capital and Asset Report 

for Foreign Banking Organizations. 

Agency form number: FR Y–7Q. 

OMB control number: 7100–0125.1

Frequency: Quarterly and annually. 

Reporters: Foreign Banking 

Organizations. 

Estimated annual reporting hours: FR 

Y–7Q (quarterly): 763 hours; FR Y–7Q 

(annually): 65 hours. 

Estimated average hours per response: 

FR Y–7Q (quarterly): 1.75 hours; FR Y– 

7Q (annually): 1.5 hours. 

Number of respondents: FR Y–7Q 

(quarterly): 109; FR Y–7Q (annually): 

43. 

General description of report: This 

information collection is mandatory (12 

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

Overall, the Federal Reserve does not 

consider these data to be confidential. 

However, individual respondents may 

request confidential treatment for any of 

these reports pursuant to sections (b)(4) 

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

Act (5 U.S.C. 522(b)(4) and (b)(6)). The 

applicability of these exemptions would 

need to be determined on a case-by-case 

basis. 

Abstract: The FR Y–7Q collects 

consolidated regulatory capital 

information from all FBOs either 

quarterly or annually. The FR Y–7Q is 

filed quarterly by FBOs that have 

effectively elected to become financial 

holding companies (FHCs) and by FBOs 

that have total consolidated assets of 

$50 billion or more, regardless of FHC 

status. All other FBOs file the FR Y–7Q 

annually. 

Current Actions: On June 18, 2014, 

the Federal Reserve published a notice 

in the Federal Register (79 FR 34753) 

requesting public comment for 60 days 

on the revision to the FR Y–7Q. The 

comment period for this notice expired 

on August 18, 2014. The Federal 

Reserve received one comment letter 

addressing the proposed revision of this 

information collection. The comment is 

summarized and addressed below. 

Summary of Public Comment 

The Federal Reserve received one 

comment letter regarding the proposed 

revision to the FR Y–7Q from one 

industry association. The commenter 

asked for an explanation of the 

instructions for calculating the proposed 

new data item, Total U.S. non-branch 

assets, and suggested an alternative 

approach for calculating the new item. 

Detailed Discussion of Public Comment 

and Recommended Response 

Under the proposal, in December 

2014, the Federal Reserve proposed to 

collect a new data item, Total U.S. nonbranch assets, to determine whether an 

FBO meets the threshold for formation 

of a U.S. IHC. This item would collect 

the sum of the total combined assets of 

a top-tier FBO’s top-tier U.S. domiciled 

affiliates.2 In situations where a top-tier 

U.S. domiciled affiliate is a parent of 

one or more subsidiaries, the total 

consolidated assets of the affiliate 

would include the assets of the affiliate 

and its subsidiaries, in accordance with 

U.S. Generally Accepted Accounting 

Principles (GAAP), and the total 

consolidated assets (or total assets, as 

applicable) of each top-tier U.S. 

domiciled affiliate would be combined. 

In situations where a top-tier U.S. 

domiciled subsidiary is not 

consolidated with the FBO for GAAP 

purposes, that entity would be 

accounted for under the equity method 

and the sum of the amount of the 

investments would be included in the 

sum of the total combined assets of toptier U.S. domiciled affiliates. 

The Federal Reserve received one 

comment on the proposed new item, 

Total U.S. non-branch assets. To 

produce the new item, the commenter 

suggested subtracting total U.S. branch 

and agency assets from an existing 

report item, Total combined assets of 

U.S. operations, net of intercompany 

balances and transaction between U.S. 

domiciled affiliates, branches, and 

agencies. However, the modification 

suggested by the commenter would 

result in FBOs understating their U.S. 

non-branch assets because the U.S. 

subsidiaries’ asset exposures to 

affiliated U.S. branches and agencies 

would be excluded from the calculation. 

As described in the preamble to 

Regulation YY, the final rule requires an 

FBO to reduce its U.S. non-branch asset 

by the amount corresponding to any 

balances and transactions between any 

top tier U.S. subsidiaries that would be 

eliminated in consolidation.3 However, 

the final rule does not permit an FBO to 

reduce its U.S. non-branch asset by the 

amount corresponding to balances and 

transactions between the U.S. 

subsidiaries and its U.S. branches and 

agencies or non-U.S. affiliates.4

After careful consideration of the 

suggested alternative and for the reasons 

discussed above, the Federal Reserve 

will implement the proposed line item 

without modification. 

Board of Governors of the Federal Reserve 

System, November 17, 2014. 

Robert deV. Frierson, 

Secretary of the Board. 

[FR Doc. 2014–27506 Filed 11–20–14; 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 

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69478 Federal Register / Vol. 79, No. 225 / Friday, November 21, 2014 / Notices 

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 December 18, 

2014. 

A. Federal Reserve Bank of St. Louis 

(Yvonne Sparks, Community 

Development Officer) P.O. Box 442, St. 

Louis, Missouri 63166–2034: 

1. First Waterloo Bancshares, Inc., 

Waterloo, Illinois; to acquire 100 

percent of the voting shares of Prairie 

National Bank, Stewardson, Illinois. 

Board of Governors of the Federal Reserve 

System, November 18, 2014. 

Michael J. Lewandowski, 

Associate Secretary of the Board. 

[FR Doc. 2014–27603 Filed 11–20–14; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL RETIREMENT THRIFT 

INVESTMENT BOARD 

Senior Executive Service Performance 

Review Board 

AGENCY: Federal Retirement Thrift 

Investment Board. 

ACTION: Notice. 

SUMMARY: This notice announces the 

appointment of the members of the 

Senior Executive Service Performance 

Review Boards for the Federal 

Retirement Thrift Investment Board. 

The purpose of the Performance Review 

Boards is to make written 

recommendations on annual summary 

ratings to the appointing authority on 

the performance of senior executives. 

DATES: This notice is effective 

November 18, 2014. 

FOR FURTHER INFORMATION CONTACT: 

Kelly Powell, HR Specialist, at 202– 

942–1681. 

SUPPLEMENTARY INFORMATION: Title 5, 

U.S. Code, 4314(c)(4), requires that the 

appointment of Performance Review 

Board members be published in the 

Federal Register before Board service 

commences. The following persons will 

serve on the Federal Retirement Thrift 

Investment Board’s Performance Review 

Boards which will review initial 

summary ratings to ensure the ratings 

are consistent with established 

performance requirements, reflect 

meaningful distinctions among senior 

executives based on their relative 

performance and organizational results 

and provide recommendations for 

ratings, awards, and pay adjustments in 

a fair and equitable manner: Jay Ahuja, 

Jim Courtney, Susan Crowder, Thomas 

Emswiler, Tracey Ray, Renee Wilder. 

Megan Grumbine, 

Deputy General Counsel, Federal Retirement 

Thrift Investment Board. 

[FR Doc. 2014–27607 Filed 11–20–14; 8:45 am] 

BILLING CODE 6760–01–P 

DEPARTMENT OF HEALTH AND 

HUMAN SERVICES 

Centers for Disease Control and 

Prevention 

[60Day–15–0572] 

Proposed Data Collections Submitted 

for Public Comment and 

Recommendations 

The Centers for Disease Control and 

Prevention (CDC), as part of its 

continuing effort to reduce public 

burden, invites the general public and 

other Federal agencies to take this 

opportunity to comment on proposed 

and/or continuing information 

collections, as required by the 

Paperwork Reduction Act of 1995. To 

request more information on the below 

proposed project or to obtain a copy of 

the information collection plan and 

instruments, call 404–639–7570 or send 

comments to Leroy A. Richardson, 1600 

Clifton Road, MS–D74, Atlanta, GA 

30333 or send an email to omb@cdc.gov. 

Comments submitted in response to 

this notice will be summarized and/or 

included in the request for Office of 

Management and Budget (OMB) 

approval. Comments are invited on: (a) 

Whether the proposed collection of 

information is necessary for the proper 

performance of the functions of the 

agency, including whether the 

information shall have practical utility; 

(b) the accuracy of the agency’s estimate 

of the burden of the proposed collection 

of information; (c) ways to enhance the 

quality, utility, and clarity of the 

information to be collected; (d) ways to 

minimize the burden of the collection of 

information on respondents, including 

through the use of automated collection 

techniques or other forms of information 

technology; and (e) estimates of capital 

or start-up costs and costs of operation, 

maintenance, and purchase of services 

to provide information. Burden means 

the total time, effort, or financial 

resources expended by persons to 

generate, maintain, retain, disclose or 

provide information to or for a Federal 

agency. This includes the time needed 

to review instructions; to develop, 

acquire, install and utilize technology 

and systems for the purpose of 

collecting, validating and verifying 

information, processing and 

maintaining information, and disclosing 

and providing information; to train 

personnel and to be able to respond to 

a collection of information, to search 

data sources, to complete and review 

the collection of information; and to 

transmit or otherwise disclose the 

information. Written comments should 

be received within 60 days of this 

notice. 

Proposed Project 

Health Message Testing System 

(HMTS) (OMB No. 0920–0572, expires 

02/28/2015)—Extension—Office of the 

Associate Director for Communication 

(OADC), Centers for Disease Control and 

Prevention (CDC). 

Background and Brief Description 

Before CDC disseminates a health 

message to the public, the message 

always undergoes scientific review. 

However, even though the message is 

based on sound scientific content, there 

is no guarantee that the public will 

understand a health message or that the 

message will move people to take 

recommended action. Communication 

theorists and researchers agree that for 

health messages to be as clear and 

influential as possible, target audience 

members or representatives must be 

involved in developing the messages 

and provisional versions of the 

messages must be tested with members 

of the target audience. 

However, increasingly there are 

circumstances when CDC must move 

swiftly to protect life, prevent disease, 

or calm public anxiety. Health message 

testing is even more important in these 

instances, because of the critical nature 

of the information need. 

In the interest of timely health 

message dissemination, many programs 

forgo the important step of testing 

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