Federal Register / Vol. 79, No. 241 / Tuesday, December 16, 2014 / Notices 74721 

Coverage Ratio, Proposed Revisions to 

the Definition of Qualifying Master 

Netting Agreement and Related 

Definitions. 

The meeting will be held in the Board 

Room temporarily located on the fourth 

floor of the FDIC Building located at 550 

17th Street NW., Washington, DC. 

This Board meeting will be Webcast 

live via the Internet and subsequently 

made available on-demand 

approximately one week after the event. 

Visit https://fdic.primetime.

mediaplatform.com/#!channel/123200

3497484/Board+Meetings to view the 

event. If you need any technical 

assistance, please visit our Video Help 

page at: http://www.fdic.gov/video.html. 

The FDIC will provide attendees with 

auxiliary aids (e.g., sign language 

interpretation) required for this meeting. 

Those attendees needing such assistance 

should call 703–562–2404 (Voice) or 

703–649–4354 (Video Phone) to make 

necessary arrangements. 

Requests for further information 

concerning the meeting may be directed 

to Mr. Robert E. Feldman, Executive 

Secretary of the Corporation, at 202– 

898–7043. 

Dated: December 11, 2014. 

Robert E. Feldman, 

Executive Secretary. 

[FR Doc. 2014–29506 Filed 12–12–14; 11:15 am] 

BILLING CODE 6714–01–P 

FEDERAL RESERVE SYSTEM 

Agency Information Collection 

Activities: Announcement of Board 

Approval Under Delegated Authority 

and Submission to OMB 

AGENCY: Board of Governors of the 

Federal Reserve System. 

SUMMARY: Notice is hereby given of the 

final approval of a proposed information 

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 extension for three 

years, with revision of the following 

report: 

Report title: Capital Assessments and 

Stress Testing information collection. 

Agency form number: FR Y–14A/Q/

M. 

OMB Control number: 7100–0341. 

Effective Dates: September 30, 2014, 

December 31, 2014, and March 31, 2015. 

Frequency: Annually, semi-annually, 

quarterly and monthly. 

Reporters: Any top-tier U.S. bank 

holding company (BHC) that has $50 

billion or more in total consolidated 

assets, as determined based on: (i) The 

average of the BHC’s total consolidated 

assets in the four most recent quarters 

as reported quarterly on the BHC’s 

Consolidated Financial Statements for 

Bank Holding Companies (FR Y–9C) 

(OMB No. 7100–0128); or (ii) the 

average of the BHC’s total consolidated 

assets in the most recent consecutive 

quarters as reported quarterly on the 

BHC’s FR Y–9Cs, if the BHC has not 

filed an FR Y–9C for each of the most 

recent four quarters. Reporting is 

required as of the first day of the quarter 

immediately following the quarter in 

which it meets this asset threshold, 

unless otherwise directed by the Federal 

Reserve. 

Estimated annual reporting hours: FR 

Y–14A: Summary, 67,848 hours; Macro 

scenario, 2,046 hours; Operational Risk, 

456 hours; Regulatory capital 

transitions, 759; and Regulatory capital 

instruments, 660 hours. FR Y–14Q: 

Securities risk, 1,584 hours; Retail risk, 

2,112 hours; Pre-provision net revenue 

(PPNR), 93,852 hours; Wholesale 

corporate loans, 8,556 hours; Wholesale 

commercial real estate (CRE) loans, 

8,280 hours; Trading risk, 69,336 hours; 

Regulatory capital transitions, 3,036 

hours; Regulatory capital instruments, 

5,280 hours; Operational risk, 6,600 

hours; Mortgage Servicing Rights (MSR) 

Valuation, 1,152 hours; Supplemental, 

528 hours; and Retail Fair Value 

Option/Held for Sale (Retail FVO/HFS), 

1,408 hours; Counterparty credit risk 

(CCR), 16,632 hours; and Balances, 

2,112 hours; FR Y–14M: Retail 1st lien 

mortgage, 171,360 hours; Retail home 

equity, 165,240 hours; and Retail credit 

card, 110,160 hours. FR Y–14 

Implementation, 21,600 hours; and OnGoing Automation for existing 

respondents, 14,400 hours. 

Estimated average hours per response: 

FR Y–14A: Summary, 1,028 hours; 

Macro scenario, 31 hours; Operational 

Risk, 12 hours; Regulatory capital 

transitions, 23; and Regulatory capital 

instruments, 20 hours. FR Y–14Q: 

Securities risk, 12 hours; Retail risk, 16 

hours; PPNR, 711 hours; Wholesale 

corporate loans, 69 hours; Wholesale 

CRE loans, 69 hours; Trading risk, 1,926 

hours; Regulatory capital transitions, 23 

hours; Regulatory capital instruments, 

40 hours; Operational risk, 34 hours; 

MSR Valuation, 24 hours; 

Supplemental, 4 hours; and Retail FVO/ 

HFS, 16 hours; CCR, 441 hours; and 

Balances, 16 hours; FR Y–14M: Retail 

1st lien mortgage, 510 hours; Retail 

home equity, 510 hours; and Retail 

credit card, 510 hours. FR Y–14 

Implementation, 7,200 hours; and OnGoing Automation for existing 

respondents, 480 hours. 

Number of respondents: 33. 

General description of report: The 

FRY–14 series of reports are authorized 

by section 165 of the Dodd-Frank Wall 

Street Reform and Consumer Protection 

Act of 2010 (Dodd-Frank Act), which 

requires the Federal Reserve to ensure 

that certain bank holding companies 

(BHCs) and nonbank financial 

companies supervised by the Federal 

Reserve are subject to enhanced riskbased and leverage standards in order to 

mitigate risks to the financial stability of 

the United States (12 U.S.C. 5365). 

Additionally, Section 5 of the BHC Act 

authorizes the Board to issue regulations 

and conduct information collections 

with regard to the supervision of BHCs 

(12 U.S.C. 1844). 

As these data are collected as part of 

the supervisory process, they are subject 

to confidential treatment under 

exemption 8 of the Freedom of 

Information Act (FOIA) (5 U.S.C. 

552(b)(8)). In addition, commercial and 

financial information contained in these 

information collections may be exempt 

from disclosure under exemption 4 of 

FOIA (5 U.S.C. 552(b)(4)). Such 

exemptions would be made on a caseby-case basis. 

Abstract: The data collected through 

the FR Y–14A/Q/M schedules provide 

the Federal Reserve with the additional 

information and perspective needed to 

help ensure that large BHCs have strong, 

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74722 Federal Register / Vol. 79, No. 241 / Tuesday, December 16, 2014 / Notices 

1BHCs that must re-submit their capital plan 

generally also must provide a revised FR Y–14A in 

connection with their resubmission. 

firm-wide risk measurement and 

management processes supporting their 

internal assessments of capital adequacy 

and that their capital resources are 

sufficient given their business focus, 

activities, and resulting risk exposures. 

The annual Comprehensive Capital 

Analysis and Review (CCAR) exercise is 

also complemented by other Federal 

Reserve supervisory efforts aimed at 

enhancing the continued viability of 

large BHCs, including continuous 

monitoring of BHCs’ planning and 

management of liquidity and funding 

resources and regular assessments of 

credit, market and operational risks, and 

associated risk management practices. 

Information gathered in this data 

collection is also used in the 

supervision and regulation of these 

financial institutions. In order to fully 

evaluate the data submissions, the 

Federal Reserve may conduct follow up 

discussions with or request responses to 

follow up questions from respondents, 

as needed. 

The semi-annual FR Y–14A collects 

large BHCs’ quantitative projections of 

balance sheet, income, losses, and 

capital across a range of macroeconomic 

scenarios and qualitative information on 

methodologies used to develop internal 

projections of capital across scenarios.1

The quarterly FR Y–14Q collects 

granular data on BHCs’ various asset 

classes and PPNR for the reporting 

period. The monthly FR Y–14M 

comprises three loan- and portfoliolevel collections, and one detailed 

address matching collection to 

supplement two of the portfolio and 

loan-level collections. Both the FR Y– 

14Q and the FR Y–14M are used to 

support supervisory stress test models 

and for continuous monitoring efforts. 

Current Actions: On October 1, 2014, 

the Federal Reserve published a final 

Federal Register notice (79 FR 59264) 

implementing several changes to the 

FR–14A/Q/M and extending the public 

comment period by 30 days regarding 

the agreement-level/asset category 

counterparty information. The comment 

period expired on October 31, 2014. The 

Federal Reserve received one comment. 

The comment is summarized and 

addressed below. 

Summary of Comment 

The Federal Reserve received one 

comment letter addressing the 

agreement-level/asset category 

counterparty information. The 

commenter requested clarification on 

several items, which will be provided 

through updated instructions as 

appropriate. More substantively, the 

commenter stated that the information 

collection as originally proposed on July 

15, 2014 (79 FR 41276) could be 

provided, but noted that the information 

collected by sub-schedules L.5 and L.6 

would require a significant amount of 

resources. Specifically, the commenter 

requested that implementation of these 

sub-schedules be delayed to March 31, 

2015. 

As stated in the October 1, 2014, 

Federal Register publication, more 

detailed counterparty data would allow 

the Federal Reserve to assess the 

reasonableness of the BHC’s modelbased estimates used as key inputs to 

the supervisory stress test as well as 

ensure the comparability of results 

across BHCs. Therefore, the Federal 

Reserve will keep sub-schedules L.5 and 

L.6 as finalized October 1, 2014 for the 

September 30, 2014 and December 31, 

2014 reporting periods, with two minor 

exceptions noted below. Furthermore, 

the Federal Reserve will implement FR 

Y–14Q Schedule L as originally 

proposed on July 15, 2014 effective 

March 31, 2015. 

FR Y–14Q 

Counterparty Schedule 

As noted above, effective March 31, 

2015, Schedule L (Counterparty) of the 

FR Y–14Q will be revised to collect 

information as originally proposed on 

July 15, 2014. Specifically, the schedule 

will require that tables L.5.2 and L.6.2 

be reported at a legal-entity, nettingagreement level. Furthermore, table 

L.5.2 will include the asset subcategories as originally proposed for 

L.5.2. Tables L.5.1 and L.6.1 will remain 

as finalized on October 1, 2014, and 

continue to require reporting at a legalentity, netting-agreement level. 

However, the commenter specifically 

also noted that the items ‘‘CDS Hedge 

Stressed CR01’’ and ‘‘CSA Contractual 

Features’’ of table L.6.1 would be 

difficult to provide for the September 

30, 2014, reporting period. The Federal 

Reserve appreciates the commenter’s 

concerns regarding these items and 

makes these items optional through the 

December 31, 2014, reporting period, 

after which they will be mandatory. 

Board of Governors of the Federal Reserve 

System, December 10, 2014. 

Robert deV. Frierson, 

Secretary of the Board. 

[FR Doc. 2014–29296 Filed 12–15–14; 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 

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 

December 31, 2014. 

A. Federal Reserve Bank of Atlanta 

(Chapelle Davis, Assistant Vice 

President) 1000 Peachtree Street NE., 

Atlanta, Georgia 30309: 

1. Tommy Charles Fitzgerald, 

Byrdstown, Tennessee; to acquire an 

additional voting shares of Upper 

Cumberland Bancshares, Inc., and 

thereby indirectly acquire additional 

voting shares of People’s Bank and Trust 

Company of Pickett County, both in 

Byrdstown, Tennessee. 

Board of Governors of the Federal Reserve 

System, December 11, 2014. 

Michael J. Lewandowski, 

Associate Secretary of the Board. 

[FR Doc. 2014–29406 Filed 12–15–14; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL TRADE COMMISSION 

Agency Information Collection 

Activities; Proposed Collection; 

Comment Request; Extension 

AGENCY: Federal Trade Commission 

(‘‘FTC’’ or ‘‘Commission’’). 

ACTION: Notice. 

SUMMARY: The FTC intends to ask the 

Office of Management and Budget 

(‘‘OMB’’) to extend for an additional 

three years the current Paperwork 

Reduction Act (‘‘PRA’’) clearance for the 

FTC’s enforcement of the information 

collection requirements in its Fair 

Packaging and Labeling Act regulations 

(‘‘FPLA Rules’’). That clearance expires 

on May 31, 2015. 

DATES: Comments must be filed by 

February 17, 2015. 

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