Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 9053 [2022-03470]

Download as PDF Federal Register / Vol. 87, No. 33 / Thursday, February 17, 2022 / Notices applications is procedural in nature, and therefore not subject to the notice and comment and effective date requirements of the Administrative Procedure Act. Moreover, the Bureaus found there is good cause for not delaying the effect of the extension until after publication of the Public Notice in the Federal Register since such a delay would be impractical, unnecessary, and contrary to the public interest because it would undercut the purposes of the extension. Federal Communications Commission. David Furth, Deputy Chief, Public Safety and Homeland Security Bureau. [FR Doc. 2022–03451 Filed 2–16–22; 8:45 am] BILLING CODE 6712–01–P FEDERAL RESERVE SYSTEM Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB Board of Governors of the Federal Reserve System. SUMMARY: The Board of Governors of the Federal Reserve System (Board) is adopting a proposal to extend for three years, without revision, the Holding Company Report of Insured Depository Institutions’ Section 23A Transactions with Affiliates (FR Y–8 OMB No. 7100– 0126). FOR FURTHER INFORMATION CONTACT: Federal Reserve Board Clearance Officer—Nuha Elmaghrabi—Office of the Chief Data Officer, Board of Governors of the Federal Reserve System, Washington, DC 20551, (202) 452–3829. Office of Management and Budget (OMB) Desk Officer for the Federal Reserve Board, 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. SUPPLEMENTARY INFORMATION: On June 15, 1984, OMB delegated to the Board authority under the Paperwork Reduction Act (PRA) to approve and assign OMB control numbers to collections of information conducted or sponsored by the Board. Boardapproved collections of information are incorporated into the official OMB inventory of currently approved collections of information. The OMB inventory, as well as copies of the PRA Submission, supporting statements, and approved collection of information instrument(s) are available at https:// lotter on DSK11XQN23PROD with NOTICES1 AGENCY: VerDate Sep<11>2014 17:23 Feb 16, 2022 Jkt 256001 www.reginfo.gov/public/do/PRAMain. These documents are also available on the Federal Reserve Board’s public website at https://www.federal reserve.gov/apps/reportforms/ review.aspx or may be requested from the agency clearance officer, whose name appears above. Final Approval Under OMB Delegated Authority of the Extension for Three Years, Without Revision, of the Following Information Collection Report title: Holding Company Report of Insured Depository Institutions’ Section 23A Transactions with Affiliates. Agency form number: FR Y–8. OMB control number: 7100–0126. Frequency: Quarterly. Respondents: U.S. top-tier bank holding companies (BHCs), intermediate holding companies (IHCs), and savings and loan holding companies (SLHCs); foreign banking organizations (FBOs) that directly own or control a U.S. subsidiary insured depository institution. Estimated number of respondents: Reporting, 692; recordkeeping, 692. Estimated average hours per response: Reporting, 7.3; recordkeeping, 0.5. Estimated annual burden hours: 21,590. General description of report: The FR Y–8 collects information on covered transactions between an insured depository institution and its affiliates that are subject to the quantitative limits and other requirements of section 23A of the Federal Reserve Act (12 U.S.C. 371c) and the Board’s Regulation W— Transactions Between Member Banks and Their Affiliates (12 CFR part 223). The data to be reported vary based on the activities and subsidiaries of the insured depository institution. A respondent must file a separate FR Y– 8 report for each U.S. insured depository institution it controls. Legal authorization and confidentiality: Section 5(c) of the Bank Holding Company Act authorizes the Board to require BHCs and IHCs to file the FR Y–8.1 Section 10(b)(2) of the Home Owners’ Loan Act authorizes the Board to require SLHCs to file the FR Y– 8.2 Section 8(a) of the International Banking Act authorizes the Board to require FBOs that directly own or control a U.S. subsidiary insured depository institution to file the FR Y– 8.3 Information provided on the FR Y– 8 may be kept confidential under exemption 4 of the Freedom of U.S.C. 1844(c). U.S.C. 1467a(b)(2). 3 12 U.S.C. 3106(a). Information Act (FOIA) as confidential commercial or financial information that is both customarily and actually treated as private.4 Information collected on the FR Y–8 may also be considered confidential under FOIA exemption 8 if it is obtained as part of an examination or supervision of a financial institution.5 The FR Y–8 report is mandatory for respondents that control an insured depository institution that has engaged in covered transactions with an affiliate during the reporting period. Current actions: On October 18, 2021, the Board published a notice in the Federal Register (86 FR 57675) requesting public comment for 60 days on the extension, without revision, of the Holding Company Report of Insured Depository Institutions’ Section 23A Transactions with Affiliates. The comment period for this notice expired on December 17, 2021. The Board did not receive any comments. Board of Governors of the Federal Reserve System, February 14, 2022. Michele Taylor Fennell, Deputy Associate Secretary of the Board. [FR Doc. 2022–03470 Filed 2–16–22; 8:45 am] BILLING CODE 6210–01–P FEDERAL RESERVE SYSTEM Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB Board of Governors of the Federal Reserve System. SUMMARY: The Board of Governors of the Federal Reserve System (Board) is adopting a proposal to extend for three years, without revision, the Domestic Finance Company Report of Consolidated Assets and Liabilities (FR 2248; OMB No. 7100–0005). FOR FURTHER INFORMATION CONTACT: Federal Reserve Board Clearance Officer—Nuha Elmaghrabi—Office of the Chief Data Officer, Board of Governors of the Federal Reserve System, Washington, DC 20551, (202) 452–3829. Office of Management and Budget (OMB) Desk Officer for the Federal Reserve Board, 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. SUPPLEMENTARY INFORMATION: On June 15, 1984, OMB delegated to the Board AGENCY: 1 12 2 12 PO 00000 Frm 00027 Fmt 4703 45 55 Sfmt 4703 9053 U.S.C. 552(b)(4). U.S.C. 552(b)(8). E:\FR\FM\17FEN1.SGM 17FEN1

Agencies

[Federal Register Volume 87, Number 33 (Thursday, February 17, 2022)]
[Notices]
[Page 9053]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-03470]


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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: The Board of Governors of the Federal Reserve System (Board) 
is adopting a proposal to extend for three years, without revision, the 
Holding Company Report of Insured Depository Institutions' Section 23A 
Transactions with Affiliates (FR Y-8 OMB No. 7100-0126).

FOR FURTHER INFORMATION CONTACT: 
    Federal Reserve Board Clearance Officer--Nuha Elmaghrabi--Office of 
the Chief Data Officer, Board of Governors of the Federal Reserve 
System, Washington, DC 20551, (202) 452-3829.
    Office of Management and Budget (OMB) Desk Officer for the Federal 
Reserve Board, 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.

SUPPLEMENTARY INFORMATION: On June 15, 1984, OMB delegated to the Board 
authority under the Paperwork Reduction Act (PRA) to approve and assign 
OMB control numbers to collections of information conducted or 
sponsored by the Board. Board-approved collections of information are 
incorporated into the official OMB inventory of currently approved 
collections of information. The OMB inventory, as well as copies of the 
PRA Submission, supporting statements, and approved collection of 
information instrument(s) are available at https://www.reginfo.gov/public/do/PRAMain. These documents are also available on the Federal 
Reserve Board's public website at https://www.federalreserve.gov/apps/reportforms/review.aspx or may be requested from the agency clearance 
officer, whose name appears above.

Final Approval Under OMB Delegated Authority of the Extension for Three 
Years, Without Revision, of the Following Information Collection

    Report title: Holding Company Report of Insured Depository 
Institutions' Section 23A Transactions with Affiliates.
    Agency form number: FR Y-8.
    OMB control number: 7100-0126.
    Frequency: Quarterly.
    Respondents: U.S. top-tier bank holding companies (BHCs), 
intermediate holding companies (IHCs), and savings and loan holding 
companies (SLHCs); foreign banking organizations (FBOs) that directly 
own or control a U.S. subsidiary insured depository institution.
    Estimated number of respondents: Reporting, 692; recordkeeping, 
692.
    Estimated average hours per response: Reporting, 7.3; 
recordkeeping, 0.5.
    Estimated annual burden hours: 21,590.
    General description of report: The FR Y-8 collects information on 
covered transactions between an insured depository institution and its 
affiliates that are subject to the quantitative limits and other 
requirements of section 23A of the Federal Reserve Act (12 U.S.C. 371c) 
and the Board's Regulation W--Transactions Between Member Banks and 
Their Affiliates (12 CFR part 223). The data to be reported vary based 
on the activities and subsidiaries of the insured depository 
institution. A respondent must file a separate FR Y-8 report for each 
U.S. insured depository institution it controls.
    Legal authorization and confidentiality: Section 5(c) of the Bank 
Holding Company Act authorizes the Board to require BHCs and IHCs to 
file the FR Y-8.\1\ Section 10(b)(2) of the Home Owners' Loan Act 
authorizes the Board to require SLHCs to file the FR Y-8.\2\ Section 
8(a) of the International Banking Act authorizes the Board to require 
FBOs that directly own or control a U.S. subsidiary insured depository 
institution to file the FR Y-8.\3\ Information provided on the FR Y-8 
may be kept confidential under exemption 4 of the Freedom of 
Information Act (FOIA) as confidential commercial or financial 
information that is both customarily and actually treated as 
private.\4\ Information collected on the FR Y-8 may also be considered 
confidential under FOIA exemption 8 if it is obtained as part of an 
examination or supervision of a financial institution.\5\
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    \1\ 12 U.S.C. 1844(c).
    \2\ 12 U.S.C. 1467a(b)(2).
    \3\ 12 U.S.C. 3106(a).
    \4\ 5 U.S.C. 552(b)(4).
    \5\ 5 U.S.C. 552(b)(8).
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    The FR Y-8 report is mandatory for respondents that control an 
insured depository institution that has engaged in covered transactions 
with an affiliate during the reporting period.
    Current actions: On October 18, 2021, the Board published a notice 
in the Federal Register (86 FR 57675) requesting public comment for 60 
days on the extension, without revision, of the Holding Company Report 
of Insured Depository Institutions' Section 23A Transactions with 
Affiliates. The comment period for this notice expired on December 17, 
2021. The Board did not receive any comments.

    Board of Governors of the Federal Reserve System, February 14, 
2022.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2022-03470 Filed 2-16-22; 8:45 am]
BILLING CODE 6210-01-P