reporting burden due to fewer follow– abbreviated form that collects four data income, total assets, equity capital, and
up calls from the Federal Reserve. items: net income, total assets, equity total off–balance sheet items. The data
All three commenters strongly capital, and total off–balance–sheet are used to identify current and
opposed the shortened filing deadline items. The data are used in conjunction potential problems at the foreign
for FR Y–9LP reports. They cited with data from other BHC reports to subsidiaries of U.S. parent companies,
increased demands to prepare and assess the condition of BHCs that are to monitor the activities of U.S. banking
complete required SEC filings, bank Call heavily engaged in nonbanking organizations in specific countries, and
Report data, and the FR Y–9C data activities and to monitor the volume, to develop a better understanding of
approximately one month after the nature, and condition of their activities within the industry, in
reporting period date, and added that nonbanking operations. general, and of individual institutions,
BHCs who wish to file their FR Y–9 data Current Actions: On October 25, 2004, in particular. The FR 2314 is the only
ahead of the deadline are not precluded the Federal Reserve issued for public source of comprehensive and systematic
from doing so. Further they stated that comment proposed revisions to the FR data on the assets, liabilities, and
although data in the FR Y–9LP are used Y–11 reports (69 FR 62269) effective earnings of the foreign bank and
for completing the FR Y–9C, BHCs need with the March 31, 2005, report date. nonbank subsidiaries of U.S. SMBs,
to gather additional information (e.g., The comment period expired on BHCs, and Edge and agreement
cash flow data, detail on investment in December 27, 2004. The Federal Reserve corporations.
subsidiaries, memoranda information) received one comment from a BHC. Current Actions: On October 25, 2004,
for the FR Y–9LP that is not required on The Federal Reserve proposed to the Federal Reserve issued for public
the FR Y–9C and additional analysis is revise the FR Y–11 reporting comment proposed revisions to the FR
required for the preparation of a parent instructions for ‘‘all other assets’’ to 2314 reports (69 FR 62269) effective
company only presentation. exclude investments in unconsolidated with the March 31, 2005, report date.
The Federal Reserve concurs with the subsidiaries and associated companies The comment period expired on
commenters’ argument that accelerating and include them in ‘‘balances due from December 27, 2004. The Federal Reserve
the filing deadline for the FR Y–9LP related organizations.’’ The commenter received one comment from a BHC.
would impose additional burden to agreed with the proposed revision. The Federal Reserve proposed to
respondents. The Federal Reserve will 3. Report title: Financial Statements of revise the FR 2314 reporting
retain the current filing deadline for the Foreign Subsidiaries of U.S. Banking instructions for ‘‘all other assets’’ to
FR Y–9LP of 45 calendar days following Organizations. exclude investments in unconsolidated
the reporting date. Agency form number: FR 2314 and FR subsidiaries and associated companies
2. Report title: Financial Statements of 2314S. and include them in ‘‘balances due from
U.S. Nonbank Subsidiaries of U.S. Bank OMB control number: 7100–0073. related organizations.’’ The commenter
Holding Companies. Frequency: Quarterly and annually. agreed with the proposed revision.
Agency form number: FR Y–11 and Reporters: Foreign subsidiaries of U.S.
Board of Governors of the Federal Reserve
FR Y–11S state member banks (SMBs), BHCs, and
System, February 7, 2005.
OMB control number: 7100–0244. Edge or agreement corporations.
Annual reporting hours: 4,855 hours. Jennifer J. Johnson,
Frequency: Quarterly and annually.
Reporters: BHCs. Estimated average hours per response: Secretary of the Board.
Annual reporting hours: 31,877 hours. FR 2314 (quarterly): 6 hours, [FR Doc. 05–2675 Filed 2–10–05; 8:45 am]
Estimated average hours per response: FR 2314 (annual): 6 hours, BILLING CODE: 6210–01–S
FR Y–11 (quarterly): 6 hours, FR 2314S (annual): 1 hour.
FR Y–11 (annual): 6 hours, Number of respondents:
FR Y–11S (annual): 1 hour. FR 2314 (quarterly): 156, DEPARTMENT OF HEALTH AND
Number of respondents: FR 2314 (annual): 143, HUMAN SERVICES
FR Y–11 (quarterly): 1,246, FR 2314S (annual): 253.
FR Y–11 (annual): 218, General description of report: This Centers for Medicare & Medicaid
FR Y–11S (annual): 665. information collection is mandatory (12 Services
General description of report: This U.S.C. 324, 602, 625, and 1844).
information collection is mandatory (12 Confidential treatment is not routinely [Document Identifier: CMS–R–43]
U.S.C. 1844(c)). Confidential treatment given to the data in these reports. Agency Information Collection
is not routinely given to the data in However, confidential treatment for the Activities: Proposed Collection;
these reports. However, confidential reporting information, in whole or in Comment Request
treatment for the reporting information, part, can be requested in accordance
in whole or in part, can be requested in with the instructions to the form, AGENCY: Centers for Medicare &
accordance with the instructions to the pursuant to sections (b)(4), (b)(6) and Medicaid Services.
form, pursuant to sections (b)(4), (b)(8) of the Freedom of Information Act In compliance with the requirement
(b)(6)and (b)(8) of the Freedom of [5 U.S.C. 522(b)(4) (b)(6) and (b)(8)]. of section 3506(c)(2)(A) of the
Information Act [5 U.S.C. 522(b)(4), Abstract: The FR 2314 data are Paperwork Reduction Act of 1995, the
(b)(6) and (b)(8)]. collected from U.S. member banks, Edge Centers for Medicare & Medicaid
Abstract: The FR Y–11 and FR Y–11S and agreement corporations, and BHCs Services (CMS) is publishing the
collect financial information for for their direct or indirect foreign following summary of proposed
individual U.S. nonbank subsidiaries of subsidiaries. The FR 2314 consists of a collections for public comment.
BHCs located in the United States. The balance sheet and income statement; Interested persons are invited to send
FR Y–11 consists of a balance sheet and information on changes in equity comments regarding this burden
income statement; information on capital, changes in the allowance for estimate or any other aspect of this
changes in equity capital, changes in the loan and lease losses, off–balance–sheet collection of information, including any
allowance for loan and lease losses, off– items, and loans; and a memoranda of the following subjects: (1) The
balance–sheet items, and loans; and a section. The FR 2314S is an abbreviated necessity and utility of the proposed
memoranda section. The FR Y–11S is an form that collects four data items: net information collection for the proper
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Federal Register / Vol. 70, No. 28 / Friday, February 11, 2005 / Notices 7277
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