[Federal Register Volume 77, Number 230 (Thursday, November 29, 2012)]
[Notices]
[Page 71192]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-28850]


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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 Clearance Officer: Cynthia Ayouch, Division 
of Research and Statistics, 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.

SUPPLEMENTARY INFORMATION: On September 14, 2012, a final notice was 
published in the Federal Register (77 FR 56842) finalizing the 
revisions to the FR Y-10, Report of Changes in Organizational 
Structure, and FR Y-6, Annual Report of Holding Companies (OMB No: 
7100-0297), which included requiring nonbank financial companies 
supervised by the Federal Reserve and designated financial market 
utilities (DFMUs) to begin submitting these reports effective December 
2012. Subsequent to the publication of the final notice, the Federal 
Reserve determined that the data collected in the FR Y-10 and FR Y-6 is 
not appropriately tailored for DFMUs, and structure data with respect 
to DFMUs that is necessary to populate certain databases can be 
initially generated internally. In addition, the final notice required 
nonbank financial companies supervised by the Board to submit the FR Y-
10 and the FR Y-6 reports. Given that the Financial Stability Oversight 
Council has not made any final decision on designating nonbank 
financial companies as systemically important, the Federal Reserve 
believes it is more appropriate to determine the reporting requirements 
for these entities once they are identified. Accordingly, the Federal 
Reserve is removing the requirement for these entities to submit these 
reports effective December 2012.

    Board of Governors of the Federal Reserve System, November 23, 
2012.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2012-28850 Filed 11-28-12; 8:45 am]
BILLING CODE 6210-01-P