Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 37250-37251 [2023-12107]

Download as PDF 37250 Federal Register / Vol. 88, No. 109 / Wednesday, June 7, 2023 / Notices lotter on DSK11XQN23PROD with NOTICES1 survey week from FR 2028B respondents. The FR 2028D provides focused and enhanced information on small business lending including rates, terms, credit availability, and reasons for their changes. The FR 2028D collects quarterly average quantitative data on terms of small business loans and qualitative information on changes and the reasons for changes in the terms of lending. From these sample SSBFL data, estimates of the terms of business loans and farm loans extended are constructed. The aggregate estimates for business loans are published in the Federal Reserve Bank of Kansas City’s quarterly release, Small Business Lending Survey, and aggregate estimates for farm loans are published in the statistical release, Agricultural Finance Databook. Frequency: Quarterly. Respondents: The FR 2028B and FR 2028S panels have an authorized size of 250 domestically chartered commercial banks. The panel of banks has been drawn from a random sample of banks stratified according to farm loan volumes since 1989. The authorized panel for the FR 2028D panel is 398 domestically chartered commercial banks. The size is based on obtaining survey results with a 95% confidence level and 5% standard error, allowing for a 10% nonresponse rate. The panel of banks is a random sample of banks stratified according to the dollar volumes of commercial and industrial loans with original amounts of $1,000,000 or less. Total estimated number of respondents: FR 2028B—250. FR 2028S—250. FR 2028D—398. Estimated average hours per response: FR 2028B—1.4. FR 2028S—0.1. FR 2028D—2.8. Total estimated change in burden: (318). Total estimated annual burden hours: 5,958.1 Current actions: On March 1, 2023, the Board published a notice in the Federal Register (88 FR 12934) requesting public comment for 60 days on the extension, with revision, of the FR 2028. The Federal Reserve proposed to revise the FR 2028D form and instructions, to be effective for the 1 More detailed information regarding this collection, including more detailed burden estimates, can be found in the OMB Supporting Statement posted at https://www.federalreserve.gov/ apps/reportingforms/home/review. On the page displayed at the link, you can find the OMB Supporting Statement by referencing the collection identifier, FR 2028. VerDate Sep<11>2014 17:01 Jun 06, 2023 Jkt 259001 September 30, 2023, as of date with the transmission period beginning on October 1, 2023, based on loan activity over the third quarter 2023. The proposed revisions would add clarity in reporting instructions and requirements, improve data quality, and make slight reductions in reporting burden. These changes include removing items related to credit card lending and net drawdowns on lines of credit. A question requesting information on how respondents define small businesses for the purposes of small business lending would be added. Additionally, three questions were modified to add openended text fields offering respondents the opportunity to provide additional information on reasons for changes in lending. Minor wording changes are proposed to the form and instructions to add clarity to the survey or address changes to the form. Additionally, minor changes are proposed to the Frequently Asked Questions section to increase clarity of form definitions. The comment period for this notice expired on May 1, 2023. The Board did not receive any comments. The revisions will be implemented as proposed. standards enumerated in paragraph 7 of the Act. Comments regarding each of these applications must be received at the Reserve Bank indicated or the offices of the Board of Governors, Ann E. Misback, Secretary of the Board, 20th Street and Constitution Avenue NW, Washington, DC 20551–0001, not later than June 20, 2023. A. Federal Reserve Bank of Minneapolis (Stephanie Weber, Assistant Vice President) 90 Hennepin Avenue, Minneapolis, Minnesota 55480–0291. Comments can also be sent electronically to MA@mpls.frb.org: 1. The Richard C Baker Irrevocable Trust, William L. Baker, as business advisor, Sioux Falls, South Dakota; to become a member of the Baker Family Group, a group acting in concert; to retain voting shares of Minnehaha Banshares Inc., and thereby indirectly retain voting shares of First National Bank in Sioux Falls, both of Sioux Falls, South Dakota. Board of Governors of the Federal Reserve System. Michele Taylor Fennell, Deputy Associate Secretary of the Board. Board of Governors of the Federal Reserve System, June 1, 2023. Michele Taylor Fennell, Deputy Associate Secretary of the Board. [FR Doc. 2023–12105 Filed 6–6–23; 8:45 am] [FR Doc. 2023–12103 Filed 6–6–23; 8:45 am] FEDERAL RESERVE SYSTEM 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 (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 applications are set forth in paragraph 7 of the Act (12 U.S.C. 1817(j)(7)). The public portions of the applications listed below, as well as other related filings required by the Board, if any, are available for immediate inspection at the Federal Reserve Bank(s) indicated below and at the offices of the Board of Governors. This information may also be obtained on an expedited basis, upon request, by contacting the appropriate Federal Reserve Bank and from the Board’s Freedom of Information Office at https://www.federalreserve.gov/foia/ request.htm. Interested persons may express their views in writing on the PO 00000 Frm 00052 Fmt 4703 Sfmt 4703 BILLING CODE P 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, with revision, the Registration of Mortgage Loan Originators (CFPB G; OMB No. 7100–0328). 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, nuha.elmaghrabi@frb.gov, (202) 452–3884. 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 AGENCY: E:\FR\FM\07JNN1.SGM 07JNN1 Federal Register / Vol. 88, No. 109 / Wednesday, June 7, 2023 / Notices lotter on DSK11XQN23PROD with NOTICES1 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 (which contain more detailed information about the information collections and burden estimates than this notice), 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/ reportingforms/home/review 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, With Revision, of the Following Information Collection Collection title: Registration of Mortgage Loan Originators. Collection identifier: CFPB G. OMB control number: 7100–0328. Effective Date: July 7, 2023. General description of collection: In accordance with the Secure and Fair Enforcement for Mortgage Licensing Act, the Consumer Financial Protection Bureau’s (CFPB) Regulation G requires residential mortgage loan originators (MLOs) to register with the Nationwide Multistate Licensing System (NMLS),1 maintain this registration, obtain a unique identifier, and disclose to consumers upon request and through the NMLS their unique identifier and the MLO’s employment history and publicly adjudicated disciplinary and enforcement actions. The CFPB’s regulation also requires the institutions employing MLOs to adopt and follow written policies and procedures to ensure that their employees comply with these requirements and to conduct annual independent compliance tests. Frequency: Annually. Respondents: The Board’s CFPB G panel comprises state member banks (SMBs) with $10 billion or less in total assets that are not affiliates of insured depository institutions with total assets of more than $10 billion; subsidiaries of such SMBs that are not functionally regulated within the meaning of section 5(c)(5) of the Bank Holding Company Act of 1956; branches and agencies of foreign banks (other than federal branches, federal agencies, and insured 1 https://mortgage.nationwidelicensing system.org/Pages/default.aspx. VerDate Sep<11>2014 17:01 Jun 06, 2023 Jkt 259001 state branches of foreign banks); commercial lending companies owned or controlled by foreign banks (collectively, banking organizations); and the employees of these banking organizations who act as residential MLOs. Total estimated number of respondents: 17,467. Total estimated change in burden: (63,951). Total estimated annual burden hours: 23,366.2 Current actions: On January 27, 2023, the Board published an initial notice in the Federal Register (88 FR 5343) requesting public comment for 60 days on the extension, with revision, of the CFPB G. The Board proposed to revise the CFPB G to (1) account for Section 1007.103(e) banking organization disclosure of registration information requirements burden separately from Section 1007.104 banking organization recordkeeping requirements burden, (2) revise the average annual estimated hourly burden per banking organization (for both banking organizations already subject to these requirements and banking organizations newly subject to these requirements) associated with Section 1007.103(e) disclosure of registration information, and (3) reflect the information collection burden associated with Section 1007.105 requirements as disclosure requirements instead of as recordkeeping requirements, as was done previously. The comment period for this notice expired on March 28, 2023. The Board did not receive any comments. The revisions will be implemented as proposed. Board of Governors of the Federal Reserve System, June 1, 2023. Michele Taylor Fennell, Deputy Associate Secretary of the Board. [FR Doc. 2023–12107 Filed 6–6–23; 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 AGENCY: 2 More detailed information regarding this collection, including more detailed burden estimates, can be found in the OMB Supporting Statement posted at https://www.federalreserve.gov/ apps/reportingforms/home/review. On the page displayed at the link, you can find the OMB Supporting Statement by referencing the collection identifier, CFPB G. PO 00000 Frm 00053 Fmt 4703 Sfmt 4703 37251 adopting a proposal to extend for three years, without revision, the Filings Related to the Gramm-Leach-Bliley Act (FR 4010, FR 4011, FR 4012, FR 4017, FR 4019, FR 4023; OMB No. 7100– 0292). 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, nuha.elmaghrabi@frb.gov, (202) 452–3884. 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 (which contain more detailed information about the information collections and burden estimates than this notice), 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/ reportingforms/home/review 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 Collections Collection title: Filings Related to the Gramm-Leach-Bliley Act. Collection identifiers: FR 4010, FR 4011, FR 4012, FR 4017, FR 4019, FR 4023. OMB control number: 7100–0292. General description of collection: The reporting and recordkeeping requirements in this collection, which are related to amendments made by the Gramm-Leach-Bliley Act to the Bank Holding Company Act of 1956 and the Federal Reserve Act, are composed of the following parts: • Declarations to Become a Financial Holding Company (FR 4010) E:\FR\FM\07JNN1.SGM 07JNN1

Agencies

[Federal Register Volume 88, Number 109 (Wednesday, June 7, 2023)]
[Notices]
[Pages 37250-37251]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-12107]


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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, with revision, the 
Registration of Mortgage Loan Originators (CFPB G; OMB No. 7100-0328).

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, [email protected], (202) 452-3884.
    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

[[Page 37251]]

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 (which contain more detailed 
information about the information collections and burden estimates than 
this notice), 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/reportingforms/home/review 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, With Revision, of the Following Information Collection

    Collection title: Registration of Mortgage Loan Originators.
    Collection identifier: CFPB G.
    OMB control number: 7100-0328.
    Effective Date: July 7, 2023.
    General description of collection: In accordance with the Secure 
and Fair Enforcement for Mortgage Licensing Act, the Consumer Financial 
Protection Bureau's (CFPB) Regulation G requires residential mortgage 
loan originators (MLOs) to register with the Nationwide Multistate 
Licensing System (NMLS),\1\ maintain this registration, obtain a unique 
identifier, and disclose to consumers upon request and through the NMLS 
their unique identifier and the MLO's employment history and publicly 
adjudicated disciplinary and enforcement actions. The CFPB's regulation 
also requires the institutions employing MLOs to adopt and follow 
written policies and procedures to ensure that their employees comply 
with these requirements and to conduct annual independent compliance 
tests.
---------------------------------------------------------------------------

    \1\ https://mortgage.nationwidelicensingsystem.org/Pages/default.aspx.
---------------------------------------------------------------------------

    Frequency: Annually.
    Respondents: The Board's CFPB G panel comprises state member banks 
(SMBs) with $10 billion or less in total assets that are not affiliates 
of insured depository institutions with total assets of more than $10 
billion; subsidiaries of such SMBs that are not functionally regulated 
within the meaning of section 5(c)(5) of the Bank Holding Company Act 
of 1956; branches and agencies of foreign banks (other than federal 
branches, federal agencies, and insured state branches of foreign 
banks); commercial lending companies owned or controlled by foreign 
banks (collectively, banking organizations); and the employees of these 
banking organizations who act as residential MLOs.
    Total estimated number of respondents: 17,467.
    Total estimated change in burden: (63,951).
    Total estimated annual burden hours: 23,366.\2\
---------------------------------------------------------------------------

    \2\ More detailed information regarding this collection, 
including more detailed burden estimates, can be found in the OMB 
Supporting Statement posted at https://www.federalreserve.gov/apps/reportingforms/home/review. On the page displayed at the link, you 
can find the OMB Supporting Statement by referencing the collection 
identifier, CFPB G.
---------------------------------------------------------------------------

    Current actions: On January 27, 2023, the Board published an 
initial notice in the Federal Register (88 FR 5343) requesting public 
comment for 60 days on the extension, with revision, of the CFPB G. The 
Board proposed to revise the CFPB G to (1) account for Section 
1007.103(e) banking organization disclosure of registration information 
requirements burden separately from Section 1007.104 banking 
organization recordkeeping requirements burden, (2) revise the average 
annual estimated hourly burden per banking organization (for both 
banking organizations already subject to these requirements and banking 
organizations newly subject to these requirements) associated with 
Section 1007.103(e) disclosure of registration information, and (3) 
reflect the information collection burden associated with Section 
1007.105 requirements as disclosure requirements instead of as 
recordkeeping requirements, as was done previously.
    The comment period for this notice expired on March 28, 2023. The 
Board did not receive any comments. The revisions will be implemented 
as proposed.

    Board of Governors of the Federal Reserve System, June 1, 2023.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2023-12107 Filed 6-6-23; 8:45 am]
BILLING CODE 6210-01-P
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