71416 Federal Register / Vol. 79, No. 231 / Tuesday, December 2, 2014 / Notices 

Estimated average hours per response: 

Nonaffiliate Transactions: 30 hours; 

Affiliate Transactions: 18 hours. 

Number of respondents: Nonaffiliate 

Transactions: 56; Affiliate Transactions: 

11. 

General description of report: This 

information collection is required 

pursuant to section 18(c) of the Federal 

Deposit Insurance Act (12 U.S.C. 

1828(c)) and is not given confidential 

treatment. However, applicants may 

request that parts of a submitted 

application be kept confidential. In such 

cases, the burden is on the applicant to 

justify the exemption by demonstrating 

that disclosure would cause substantial 

competitive harm or result in an 

unwarranted invasion of personal 

privacy or would otherwise qualify for 

an exemption under the Freedom of 

Information Act (5 U.S.C. 552). The 

confidentiality status of the information 

submitted will be judged on a case-bycase basis. 

Abstract: The Federal Reserve, the 

Office of the Comptroller of the 

Currency, and the Federal Deposit 

Insurance Corporation (the agencies) 

each use this application form to collect 

information for bank merger proposals 

that require prior approval under the 

Bank Merger Act. Prior approval is 

required for every merger transaction 

involving affiliated or nonaffiliated 

institutions and must be sought from the 

regulatory agency of the depository 

institution that would survive the 

proposed transaction. A merger 

transaction may include a merger, 

consolidation, assumption of deposit 

liabilities, or certain asset-transfers 

between or among two or more 

institutions. The Federal Reserve 

collects this information so that it may 

meet its statutory obligation of 

evaluating (with respect to every state 

member bank merger proposal) the 

competitive effects, the adequacy of the 

financial and managerial resources of 

the institutions involved, and the effect 

on the convenience and needs of the 

affected communities. 

2. Report title: Interagency Notice of 

Change in Bank Control, Interagency 

Notice of Change in Director or Senior 

Executive Officer, and Interagency 

Biographical and Financial Report. 

Agency form number: FR 2081a, FR 

2081b, and FR 2081c. 

OMB control number: 7100–0134. 

Frequency: On occasion. 

Reporters: Bank holding companies 

(BHCs), state member banks (SMBs), 

and certain of their officers and 

shareholders. 

Estimated annual reporting hours: FR 

2081a: 5,040 hours; FR 2081b: 618 

hours; FR 2081c: 6,680 hours. 

Estimated average hours per response: 

FR 2081a: 30 hours; FR 2081b: 2 hours; 

FR 2081c: 4 hours. 

Number of respondents: FR 2081a: 

168; FR 2081b: 309; FR 2081c: 1,670. 

General description of report: The FR 

2081a and FR 2081c are mandatory 

pursuant to section 7(j) of the Federal 

Deposit Insurance Act (12 U.S.C. 

1817(j)). The FR 2081b and FR 2081c are 

mandatory pursuant to section 914 of 

the Financial Institutions Reform, 

Recovery, and Enforcement Act (12 

U.S.C. 1831(i)). This information 

collection is not given confidential 

treatment. The organizations and 

individuals that use the forms may 

request that all or a portion of the 

submitted information be kept 

confidential. In such cases, the burden 

is on the filer to justify the exemption 

by demonstrating that disclosure would 

cause substantial competitive harm or 

result in an unwarranted invasion of 

personal privacy or would otherwise 

qualify for an exemption under the 

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

552). The confidentiality status of the 

information submitted will be 

determined on a case-by-case basis. 

Abstract: The information collected 

assists the Federal Reserve, the Office of 

the Comptroller of the Currency, and the 

Federal Deposit Insurance Corporation 

(the agencies) in fulfilling their statutory 

responsibilities as supervisors. Each of 

these forms is used to collect 

information in connection with 

applications and notices filed prior to 

proposed changes in the ownership or 

management of banking organizations. 

The agencies use the information to 

evaluate the controlling owners, senior 

officers, and directors of the insured 

depository institutions subject to their 

oversight. The information collected in 

an Interagency Notice of Change in Bank 

Control (FR 2081a) submitted to the 

Federal Reserve is provided by persons 

proposing to make significant 

investments in a BHC or SMB. The 

information collected in the Interagency 

Notice of Change in Director or Senior 

Executive Officer (FR 2081b) is required 

under Section 914 of the Financial 

Institutions Reform, Recovery, and 

Enforcement Act of 1989 (FIRREA) and 

is submitted to the Federal Reserve 

(under certain circumstances) by a BHC 

or SMB making changes in its board of 

directors or senior executive officers. 

The Interagency Biographical and 

Financial Report (FR 2081c) is not a 

stand-alone reporting form; it is a 

companion reporting form to the FR 

2081a and the FR 2018b (and to other 

Federal Reserve information collections) 

that is used to gather required 

information about the individuals 

involved in various applications and 

notices. 

Current Actions: On September 12, 

2014, the Federal Reserve published a 

notice in the Federal Register (79 FR 

54720) requesting public comment for 

60 days on the extension, without 

revision, of the Interagency Bank Merger 

Act Application; and of the Interagency 

Notice of Change in Bank Control, 

Interagency Notice of Change in Director 

or Senior Executive Officer, and 

Interagency Biographical and Financial 

Report. The comment period for this 

notice expired on November 12, 2014. 

The Federal Reserve did not receive any 

comments. The information collections 

will be extended as proposed. 

Board of Governors of the Federal Reserve 

System, November 26, 2014. 

Robert deV. Frierson, 

Secretary of the Board. 

[FR Doc. 2014–28350 Filed 12–1–14; 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. 

SUMMARY: On June 15, 1984, the Office 

of Management and Budget (OMB) 

delegated to the Board of Governors of 

the Federal Reserve System (Board) its 

approval authority under the Paperwork 

Reduction Act (PRA), pursuant to 5 CFR 

1320.16, to approve of and assign OMB 

control numbers to collection of 

information requests and requirements 

conducted or sponsored by the Board 

under conditions set forth in 5 CFR part 

1320 Appendix A.1. 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 instruments 

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. 

DATES: Comments must be submitted on 

or before February 2, 2015. 

ADDRESSES: You may submit comments, 

identified by the FR 2052a and FR 

2052b reports, by any of the following 

methods: 


rljohnson on DSK3VPTVN1PROD with NOTICES
Federal Register / Vol. 79, No. 231 / Tuesday, December 2, 2014 / Notices 71417 

1With the proposed revisions, the paperwork 

burden for 2015 is estimated to initially decrease to 

407,400 hours, with incremental increases for 2016 

and 2017, for an annual net increase of 938,240 

hours. Please see the OMB supporting statement for 

additional detail. 

• Agency Web site: 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: Robert deV. Frierson, 

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 Web site 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 MP–500 of the 

Board’s Martin Building (20th and 

C Streets NW.) 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 Web site 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 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. 

SUPPLEMENTARY INFORMATION: 

Request for Comment on Information 

Collection Proposal 

The following information collection, 

which is being handled under this 

delegated authority, has received initial 

Board approval and are hereby 

published for comment. At the end of 

the comment period, the proposed 

information collection, along with an 

analysis of comments and 

recommendations received, will be 

submitted to the Board for final 

approval under OMB delegated 

authority. 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 start up costs 

and costs of operation, maintenance, 

and purchase of services to provide 

information. 

Proposal To Approve Under OMB 

Delegated Authority the Extension for 

Three Years, With Revision, of the 

Following Reports 

Report titles: The Complex Institution 

Liquidity Monitoring Report (FR 2052a) 

and the Liquidity Monitoring Report (FR 

2052b). 

Agency form numbers: FR 2052a and 

FR 2052b. 

OMB control number: 7100–0361. 

Frequency: 2052a: Daily or monthly; 

2052b: Quarterly. 

Respondents: 

• FR 2052a: Bank holding companies, 

savings and loan holding companies 

subject to the liquidity coverage ratio, 

and nonbank financial companies that 

the Financial Stability Oversight 

Council has determined under section 

113 of the Dodd-Frank Act (12 U.S.C. 

5323) shall be supervised by the Board 

and for which such determination is 

still in effect, where the Board has 

applied the requirements of the 

liquidity coverage ratio to such 

company by rule or order (together, U.S. 

chartered firms) with total assets of $700 

billion or more or with $10 trillion or 

more in assets under custody; U.S. 

chartered firms with total assets of less 

than $700 billion and with assets under 

custody of less than $10 trillion, but 

total assets of $250 billion or more or 

foreign exposure of $10 billion or more; 

U.S. chartered firms with total assets of 

$50 billion or more but, total assets of 

less than $250 billion and foreign 

exposure of less than $10 billion; 

Foreign banking organizations (FBOs) 

with U.S. assets of $50 billion or more 

and broker/dealer assets of $100 billion 

or more; FBOs with U.S. assets of $50 

billion or more and broker/dealer assets 

of less than $100 billion. 

• FR 2052b: U.S. bank holding 

companies (BHCs) not controlled by 

FBOs with total consolidated assets of 

$10 billion or more but less than $50 

billion. 

Estimated annual reporting hours: FR 

2052a: 396,120 hours; FR 2052b: 11,280 

hours.1

Estimated average hours per response: 

FR 2052a: Ranges between 120 hours 

and 400 hours; FR 2052b: 60 hours. 

Number of respondents: FR 2052a: 50; 

FR 2052b: 47. 

General description of report: These 

reports are authorized pursuant to 

section 5 of the Bank Holding Company 

Act (12 U.S.C. 1844), section 8 of the 

International Banking Act (12 U.S.C. 

3106) and section 165 of the Dodd Frank 

Act (12 U.S.C. 5365) and are mandatory. 

Section 5(c) of the Bank Holding 

Company Act authorizes the Board to 

require BHCs to submit reports to the 

Board regarding their financial 

condition. Section 8(a) of the 

International Banking Act subjects FBOs 

to the provisions of the Bank Holding 

Company Act. Section 165 of the DoddFrank Act requires the Board to 

establish prudential standards for 

certain BHCs and FBOs; these standards 

include liquidity requirements. The 

individual financial institution 

information provided by each 

respondent would be accorded 

confidential treatment under exemption 

8 of the Freedom of Information Act (5 

U.S.C. 552(b)(8)). In addition, the 

institution information provided by 

each respondent would not be otherwise 

available to the public and is entitled to 

confidential treatment under the 

authority of exemption 4 of the Freedom 

of Information Act (5 U.S.C. 552(b)(4)), 

which protects from disclosure trade 

secrets and commercial or financial 

information. 

Abstract: The FR 2052 reports are 

used to monitor the overall liquidity 

profile of institutions supervised by the 

Federal Reserve. These data provide 

detailed information on the liquidity 

risks within different business lines 


rljohnson on DSK3VPTVN1PROD with NOTICES
71418 Federal Register / Vol. 79, No. 231 / Tuesday, December 2, 2014 / Notices 

2 79 FR 61440 (October 10, 2014). Press Release 

is available at http://www.federalreserve.gov/

newsevents/press/bcreg/20140903a.htm. 

(e.g., financing of securities positions, 

prime brokerage activities). In 

particular, these data serve as part of the 

Federal Reserve’s supervisory 

surveillance program in its liquidity risk 

management area and provide timely 

information on firm-specific liquidity 

risks during periods of stress. Analysis 

of systemic and idiosyncratic liquidity 

risk issues are then used to inform the 

Federal Reserve’s supervisory processes, 

including the preparation of analytical 

reports that detail funding 

vulnerabilities. 

Current actions: The Federal Reserve 

proposes to extend for three years, with 

revision, the Complex Institution 

Liquidity Monitoring Report (FR 2052a) 

and the Liquidity Monitoring Report (FR 

2052b) (OMB No. 7100–0361) effective 

beginning March 31, 2015. The Federal 

Reserve proposes to revise the FR 2052a 

report by modifying the: (1) Respondent 

panel and threshold, (2) frequency of 

reporting, (3) reporting platform 

structure, and (4) data item granularity. 

The Federal Reserve proposes to revise 

the FR 2052b report by modifying the 

respondent panel threshold and 

frequency. The proposed revisions are 

described in detail below. 

The Federal Reserve proposes to 

revise the FR 2052a report to improve 

the effectiveness of its supervisory 

surveillance program. In general, the 

revisions would provide additional 

detail to facilitate a more sophisticated 

approach to monitoring liquidity risk. 

The proposed data elements are more 

detailed and would align with the 

Liquidity Coverage Ratio (LCR).2 For the 

most internationally active firms, 

liquidity profiles would be reported by 

currency for each material entity of the 

reporting institutions, which for BHCs 

may include sub-divisions of the global 

banking entity by geographical region, 

and for FBOs would include material 

entities outside the U.S. that are 

managed from the U.S. These 

dimensions are important because 

dislocations in foreign exchange 

markets and restrictions limiting fund 

transfers can inhibit the ability of a 

global financial institution to convert its 

available sources of liquidity to meet its 

specific needs. The proposed data 

collection would collect more details 

regarding securities financing 

transactions, wholesale unsecured 

funding, deposits, loans, unfunded 

commitments, collateral, derivatives, 

and foreign exchange transactions. The 

greater level of detail surrounding these 

activities is necessary to ensure that 

supervised firms are adequately 

reserving for the risks based on current 

supervisory expectations and the DoddFrank Act’s Enhanced Prudential 

Standards. Furthermore, the Federal 

Reserve proposes to change the 

structure of the collection to an XML 

format from a spreadsheet format. This 

new structure is necessary to 

accommodate the additional granularity 

and implement the collection with 

leading data industry practices. 

The revisions to FR 2052a include a 

new hierarchy that subdivides the three 

general categories of inflows, outflows 

and supplemental items into 10 distinct 

data tables. These tables are designed to 

stratify the assets, liabilities and 

supplemental components of a firm’s 

liquidity risk profile based on products 

that can be described with common data 

structures, while still maintaining a 

coherent framework for liquidity risk 

reporting. 

The internationally active reporting 

entities would report by major currency 

all data elements denominated in major 

currencies, while other data elements 

denominated in non-major currencies 

would be converted into United States 

Dollars (USDs) and flagged as converted. 

Reporting entities that are not 

internationally active would be able to 

report exclusively in USD by flagging 

data as converted. Reporting by major 

currency or flagging a conversion 

should help supervisors to identify 

potential currency mismatches. 

Additionally, data elements would be 

reported for each material legal entity, 

which are identified by the Federal 

Reserve for a given reporting entity. All 

entities that are required to comply with 

the LCR are considered material legal 

entities. This granularity in currency 

and material legal entity reporting 

would enhance monitoring of a firm’s 

liquidity resources to ensure they are 

distributed according to specific needs, 

considering existing or potential 

regulatory or other limitations on intercompany liquidity transfers. 

The granularity of the data increased 

along numerous items of FR 2052a. 

Maturity buckets increased to daily for 

the first 60 days to eliminate potential 

contractual maturity mismatches in the 

near term. There are now more 

categories of assets, largely delineated 

by the type of security or loan, the 

structuring of cash flows, and risk-based 

capital weightings. The list of 

counterparty types increased, along 

with the number of products requiring 

the counterparty to be reported, 

including loan cash flows, deposits, 

committed facilities, and certain 

unsecured borrowings. 

The proposed revisions would also 

draw more distinction between types of 

securities financing transactions such as 

collateral swaps, to-be-announced 

contracts, and the various methods of 

covering firm or customer short sales. 

Fields would be added for the amount 

of re-hypothecation, collateralization, 

encumbrance, and methods of 

settlement. The report would provide 

information on the stock and flow of 

collateral received and posted for 

derivative transactions, as well as values 

of prime brokerage client assets and 

associated wire transfers. Together, 

these revisions to secured financing 

transactions would provide a more 

complete view of the firm’s activities, 

especially brokerage activities, and 

certain liquidity risk characteristics, all 

of which were implicated during the 

recent financial crisis. 

Several new types of deposit accounts 

would also be added, such as escrow 

accounts and various categories of 

brokered deposits and sweeps. Balances 

that are ‘‘fully insured’’ would be 

identified, as well as balances that are 

subject to withdrawal in the event of a 

specific change or trigger. 

Certain elements would be added to 

capture risk associated with collateral. 

The potential requirements to post 

collateral in the event of an adverse 

move in the mark-to-market value of a 

firm’s derivative portfolio or a change in 

a firm’s financial condition is reported. 

Additionally, firms would report 

collateral balances that are contractually 

owed to a counterparty, but not yet 

called. 

Fields would be added to capture the 

settlement date cash flows in forward 

starting transactions. This revision 

would accommodate ‘‘trade date’’ 

reporting, which would allow for a more 

accurate representation of forward 

looking cash flows. 

The instructions for reporting the 

maturity date of a transaction would 

also be modified for short term (less 

than one year) liabilities with call 

options, as well as certain transactions 

reported in the Secured Inflows table 

where the collateral received was 

rehypothecated. 

Reporting of foreign exchange 

transactions, such as foreign exchange 

spot, forwards and futures, and swap 

transactions, would be required in order 

to complement the currency level 

reporting of cash flows. 

The proposed revisions to the FR 

2052a report includes sections covering 

broad funding classifications by 

product, outstanding balance and 

purpose, segmented by maturity date. 

Generally, each section can be classified 

into one of the following categories: 


rljohnson on DSK3VPTVN1PROD with NOTICES
Federal Register / Vol. 79, No. 231 / Tuesday, December 2, 2014 / Notices 71419 

3 79 FR 61440, 61540. 

4SLHCs that are not subject to the LCR are not 

subject to these reporting requirements, however, 

through future rulemakings these institutions may 

be required to participate in some form of liquidity 

monitoring. 

• Section 1: Inflows-Assets: 

Institutions would report assets such as 

unencumbered assets, borrowing 

capacity from central banks or FHLBs, 

unrestricted reserve balances at central 

banks, restricted reserve balances at 

central banks, unsettled asset purchases, 

and forward asset purchases. 

• Section 2: Inflows-Unsecured: 

Institutions would report unsecured 

inflow transactions such as onshore 

placement, offshore placements, 

required nostro balances, excess nostro 

balances, outstanding draws on 

revolving facilities, and other unsecured 

loans. 

• Section 3: Inflows-Secured: 

Institutions would report secured inflow 

transactions such as reverse repurchase 

agreements, securities borrowing 

transactions, dollar rolls, collateral 

swaps, margin loans, other secured 

loans where the collateral is 

rehypothecatable, and other secured 

loans where the collateral is not 

rehypothecatable. 

• Section 4: Inflows-Other: 

Institutions would report other inflow 

transactions such as derivatives 

receivables, collateral called for receipt, 

sales in the to-be-announced market, 

undrawn committed facilities 

purchased, lock-up balances, interest 

and dividends receivables, a net 30-day 

derivatives receivables measure, 

principal payments receivable on 

unencumbered investment securities, 

and other inflow transactions. 

• Section 5: Outflows-Wholesale: 

Institutions would report wholesale 

outflow transactions such as assetbacked commercial paper single-seller 

outflows, asset-back commercial paper 

multi-seller outflows, collateralized 

commercial paper, asset-backed 

securities, covered bonds, tender option 

bonds, other asset-backed financing, 

commercial paper, onshore borrowing, 

offshore borrowing, unstructured longterm debt, structured long-term debt, 

government supported debt, unsecured 

notes, structured notes, wholesale 

certificates of deposit, draws on 

committed facilities, free credits, and 

other unsecured wholesale outflow 

transactions. 

• Section 6: Outflows-Secured: 

Institutions would report secured 

outflow transactions such as repurchase 

agreements, securities lending 

transactions, dollar rolls, collateral 

swaps, FHLB Advances, outstanding 

secured funding from facilities at central 

banks, customer short transactions, firm 

short transactions, and other secured 

outflow transactions. 

• Section 7: Outflows-Deposits: 

Institutions would report deposit 

outflow transactions such as 

transactional accounts, nontransactional relationship accounts, 

non-transactional non-relationship 

accounts, operational accounts, nonoperational accounts, operational 

escrow accounts, non-reciprocal 

brokered accounts, affiliated sweep 

accounts, non-affiliated sweeps 

accounts, other product sweep accounts, 

reciprocal accounts, other third-party 

deposits, and other deposit accounts. 

• Section 8: Outflows-Other: 

Institutions would report other outflow 

transactions such as derivatives 

payables, collateral called for delivery, 

purchases in the to-be-announced 

market, credit facilities, liquidity 

facilities, retail mortgage commitments, 

trade finance instruments, potential 

derivative valuation changes, loss of 

rehypothecation rights and collateral 

required due to changes in financial 

condition, excess customer margin, 

commitments to lend on margin to 

customers, interest and dividends 

payables, a net 30-day derivatives 

payables measure, other outflows 

related to structured transactions, and 

other cash outflow transactions. 

• Section 9: SupplementalInformational: Institutions would report 

supplemental information such as 

initial margin posted and received, 

variation margin posted and received, 

collateral dispute receivables and 

deliverables, collateral that may need to 

be delivered, collateral that the 

institution could request to be received, 

collateral that could be substituted by 

the institution or a counterparty, long 

and short market value of client assets, 

gross client wires received and paid, 

subsidiary liquidity that cannot be 

transferred, 23A capacity, outflows or 

inflows from closing out hedges early, 

and potential outflows from nonstructured or structured debt maturing 

beyond 30 days where the institution is 

the primary market maker in that debt. 

• Section 10: Supplemental-Foreign 

Exchange: Institutions would report 

foreign exchange information such as 

foreign exchange spot, forwards and 

futures, and swap transactions. 

The Federal Reserve requests specific 

comment on the following: 

• The proposal would require data 

retention of six months. Is six months 

appropriate or would another time 

period be more appropriate, such as 

three months or one year? 

• Is the proposed maturity schedule 

provided in Appendix IV to the 

instructions appropriate for all 

respondents, such as those firms that are 

only subject to the Liquidity Coverage 

Ratio for Certain Bank Holding 

Companies? 3 If not appropriate, what 

maturity schedule should apply to those 

respondents? Additionally, is the 

proposed maturity schedule provided in 

Appendix IV to the instructions 

appropriate for all listed products? If 

not, what maturity schedule should 

apply to those products? 

• Should a description of how the FR 

2052a data will be used to monitor LCR 

compliance be published? 

Proposed FR 2052b Revisions 

The Federal Reserve proposes to 

revise the FR 2052b reporting panel by 

eliminating the monthly reporting 

frequency. The U.S. BHCs (excluding G– 

SIBs) with total consolidated assets of 

$50 billion or more (including FBO 

subsidiaries) that currently file the 

monthly FR 2052b report would move 

to the proposed FR 2052a monthly and 

daily reporting panel. 

Proposed Reporting Panel and 

Frequency of Submissions 4

The proposed scope of application, 

frequency, and submission dates are 

contained in the following table. 

Report No. Reporter description Frequency First 

as-of date 

First 

submission 

date 5

FR 2052a .......................... U.S. chartered firms with total assets ≥$700 billion 

or with assets under custody of ≥$10 trillion.

Monthly ............................

Daily .................................

6 03/31/2015 

07/01/2015 

04/02/2015 

07/03/2015 


rljohnson on DSK3VPTVN1PROD with NOTICES
71420 Federal Register / Vol. 79, No. 231 / Tuesday, December 2, 2014 / Notices 

5For U.S. bank holidays and weekends, no 

positions should be reported. For data reported by 

entities in international locations, if there is a local 

bank holiday, submit data for those entities using 

the data from the previous business day. 

6These firms must comply with the transitions 

set forth in the LCR, which requires an LCR 

calculation monthly starting in January 2015. 

However, these firms do not need to report on 

2052a until this reporting as-of date. 

7These firms must comply with the transitions 

set forth in the LCR, which requires an LCR 

calculation monthly starting in January 2015. 

However, these firms do not need to report on 

2052a until this reporting as-of date. 

8The frequency of the FR 2052a monthly report 

may be temporarily adjusted to daily on a case-bycase basis as market conditions and supervisory 

needs change to carry out effective continuous 

liquidity monitoring. The Federal Reserve 

anticipates frequency adjustments to be a rare 

occurrence. 

9These FBOs would be required to have the 

ability to report on each business day. If the FBO 

consolidates a U.S. chartered firm that would 

independently have to report daily, then the FBO 

must report daily. The Federal Reserve would test 

these FBOs for their ability to report daily. 

10FR 2052b will not change for U.S. BHCs (not 

controlled by FBOs) with total consolidated assets 

of between $10 billion and $50 billion, so the 

frequency and as-of date will be the same as it is 

currently. 

Report No. Reporter description Frequency First 

as-of date 

First 

submission 

date 5

FR 2052a .......................... U.S. chartered firms with total assets <$700 billion 

and with assets under custody of <$10 trillion but, 

total assets ≥$250 billion or foreign exposure 

≥$10 billion.

Monthly ............................

Daily .................................

7 07/31/2015 

07/01/2016 

08/02/2015 

07/03/2016 

FR 2052a 8 ........................ U.S. chartered firms with total assets ≥$50 billion 

but, total assets <$250 billion and foreign exposure <$10 billion.

Monthly ............................ 01/31/2016 02/02/2016 

FR 2052a .......................... FBOs with U.S. assets ≥$50 billion and U.S. brokerdealer assets ≥$100 billion.Monthly ............................

Daily .................................

03/31/2015 

07/01/2015 

04/02/2015 

07/03/2015 

FR 2052a .......................... FBOs with U.S. assets ≥$50 billion and U.S. brokerdealer assets <$100 billion.Monthly ............................

Monthly 9 ..........................

01/31/2016 

07/31/2016 

02/02/2016 

08/02/2016 

FR 2052b 10 ....................... U.S. BHCs (not controlled by FBOs) with total consolidated assets of between $10 billion and $50 

billion.

Quarterly .......................... 12/31/2014 01/15/2015 

The parent company for those firms 

with less than $250 billion in total 

consolidated assets and with less than 

$10 billion of on-balance sheet foreign 

exposure would submit data for the 

following entities: The global 

consolidated entity and the parent only 

(ignoring consolidated subsidiaries). 

Respondents should consult their 

supervisory teams to determine if the 

parent company should also separately 

report any consolidated banks or nonbanks that are material contributors to 

the firm’s funding and liquidity 

operations. 

The parent company for those firms 

with $250 billion or more in total 

consolidated assets or $10 billion or 

more of on-balance sheet foreign 

exposure would submit data for the 

following entities: The global 

consolidated entity, the parent only 

(ignoring consolidated subsidiaries), 

and, separately, each consolidated bank 

and non-bank entity that is a material 

contributor to the firm’s funding and 

liquidity operations. For these firms, all 

bank entities with total consolidated 

assets of $10 billion or more would be 

considered material legal entities. 

Respondents should consult their 

supervisory teams to determine other 

material legal entities that should also 

be reported. 

FBOs with U.S. assets of $50 billion 

or more would report for their 

consolidated U.S. assets, as well as for 

all material entities managed within the 

U.S. For FBOs that own U.S. entities 

subject to the LCR, material entities 

include at least those entities subject to 

the LCR. Respondents should consult 

their supervisory teams to determine 

other material entities that should also 

be reported. 

Some firms that are currently filing on 

FR 2052b would be required to file on 

the updated 2052a, pursuant to the 

proposed schedule set forth in the 

transition table. The firms currently 

filing on FR 2052b would cease filing 

the 2052b once they begin filing the 

updated 2052a. 

Firms currently filing the FR 2052a 

would be required to file the updated 

2052a, pursuant to the proposed 

schedule set forth in the transition table. 

The firms currently filing on FR 2052a 

would cease filing on the current 2052a 

once they are filing daily on the updated 

2052a. 

Additionally, there are some firms 

that are not currently filing either the 

2052a or 2052b, but would be required 

to file the updated 2052a, pursuant to 

the proposed schedule set forth in the 

transition table. Among these 

companies are SLHCs that are subject to 

the LCR and nonbank financial 

companies that the Financial Stability 

Oversight Council has determined 

under section 113 of the Dodd-Frank 

Act (12 U.S.C. 5323) shall be supervised 

by the Board and for which such 

determination is still in effect, where 

the Board has applied the requirements 

of the LCR to such company by rule or 

order. 

The Board consulted outside the 

Federal Reserve System with other U.S. 

regulatory authorities including the 

Office of the Comptroller of the 

Currency and Federal Deposit Insurance 

Corporation in the development of FR 

2052a. In addition, data sharing 

agreements will be constituted with 

other U.S. regulatory agencies with 

supervisory responsibilities over subject 

institutions to monitor compliance with 

the LCR and to ensure there are no 

redundant data collections. Also, the 

Federal Reserve has held general 

discussions with financial institutions 

regarding the proposed revisions. 

Board of Governors of the Federal Reserve 

System, November 26, 2014. 

Robert deV. Frierson, 

Secretary of the Board. 

[FR Doc. 2014–28351 Filed 12–1–14; 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 


rljohnson on DSK3VPTVN1PROD with NOTICES