Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 88920 [2023-28347]
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88920
Federal Register / Vol. 88, No. 246 / Tuesday, December 26, 2023 / Notices
section 225.8, in whole or in part, by
order of the Board; and any nonbank
financial company supervised by the
Board that is made subject to section
225.8 pursuant to a rule or order of the
Board.1
Total estimated number of
respondents: 34.
Total estimated annual burden hours:
177,562.
Current actions: On September 11,
2023, the Board published a notice in
the Federal Register (88 FR 62370)
requesting public comment for 60 days
on the extension, without revision, of
the FR Y–13. The comment period for
this notice expired on November 13,
2023. The Board did not receive any
comments.
Board of Governors of the Federal Reserve
System, December 19, 2023.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2023–28346 Filed 12–22–23; 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
adopting a proposal to extend for three
years, without revision, the Reporting,
Recordkeeping, and Disclosure
Requirements Associated with
Regulation VV (FR VV; OMB No. 7100–
0360).
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
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AGENCY:
Large savings and loan holding companies are
also subject to capital planning requirements,
pursuant to Subpart S of the Board’s Regulation LL
(12 CFR part 238, subpart S). The collections of
information included in that Subpart are accounted
for in the Board’s FR LL Paperwork Reduction Act
(PRA) clearance (OMB No. 7100–0380).
1
VerDate Sep<11>2014
20:25 Dec 22, 2023
Jkt 262001
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.federal
reserve.gov/apps/reportingforms/home/
review or may be requested from the
agency clearance officer, whose name
appears above.
Respondents may also include any
subsidiary of the foregoing.
Total estimated number of
respondents: 231.
Total estimated annual burden hours:
30,676.4
Current actions: On September 28,
2023, the Board published a notice in
the Federal Register (88 FR 66846)
requesting public comment for 60 days
on the extension, without revision, of
the FR VV. The comment period for this
notice expired on November 27, 2023.
The Board did not receive any
comments.
Final Approval Under OMB Delegated
Authority of the Extension for Three
Years, Without Revision, of the
Following Information Collection
Collection title: Reporting,
Recordkeeping, and Disclosure
Requirements Associated with
Regulation VV.
Collection identifier: FR VV.
OMB control number: 7100–0360.
General description of collection:
Section 13 of the Bank Holding
Company Act of 1956 (BHC Act) 1 and
the Board’s implementing regulation,
Regulation VV—Proprietary Trading
and Certain Interests in and
Relationships with Covered Funds (12
CFR part 248),2 restrict the ability of
banking entities to engage in proprietary
trading 3 or to have certain interests in,
or relationships with, a hedge fund or
private equity fund. Respondents must
submit certain information to facilitate
the monitoring and enforcement of these
restrictions.
Frequency: Quarterly, annual, and
event-generated.
Respondents: State member banks,
bank holding companies, savings and
loan holding companies, foreign
banking organizations, U.S. branches or
agencies of foreign banks, and other
holding companies that control an
insured depository institution.
FEDERAL RESERVE SYSTEM
1 12
U.S.C. 1851.
Board issued Regulation VV in conjunction
with the Office of the Comptroller of the Currency,
Federal Deposit Insurance Corporation, Commodity
Futures Trading Commission, and Securities and
Exchange Commission (collectively, the agencies),
with each of the agencies promulgating regulations
implementing section 13 of the BHC Act.
3 The term ‘‘proprietary trading’’ means engaging
as principal for the trading account of the banking
entity in any purchase or sale of one or more
financial instruments. See 12 CFR 248.3(a).
2 The
PO 00000
Frm 00057
Fmt 4703
Sfmt 4703
Board of Governors of the Federal Reserve
System, December 19, 2023.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2023–28347 Filed 12–22–23; 8:45 am]
BILLING CODE 6210–01–P
Proposed Agency Information
Collection Activities; Comment
Request
Board of Governors of the
Federal Reserve System.
ACTION: Notice, request for comment.
AGENCY:
The Board of Governors of the
Federal Reserve System (Board) invites
comment on a proposal to extend for
three years, without revision, the
Recordkeeping and Disclosure
Requirements and Provisions
Associated with Real Estate Appraisal
Standards (FR Y–30; OMB No. 7100–
0250).
DATES: Comments must be submitted on
or before February 26, 2024.
ADDRESSES: You may submit comments,
identified by FR Y–30, by any of the
following methods:
• Agency Website: https://
www.federalreserve.gov/. Follow the
instructions for submitting comments at
https://www.federalreserve.gov/apps/
foia/proposedregs.aspx.
• Email: regs.comments@
federalreserve.gov. Include the OMB
number or FR number in the subject line
of the message.
• Fax: (202) 452–3819 or (202) 452–
3102.
• Mail: Federal Reserve Board of
Governors, Attn: Ann E. Misback,
Secretary of the Board, Mailstop M–
SUMMARY:
4 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 VV.
E:\FR\FM\26DEN1.SGM
26DEN1
]]>Agencies
[Federal Register Volume 88, Number 246 (Tuesday, December 26, 2023)]
[Notices]
[Page 88920]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-28347]
-----------------------------------------------------------------------
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
Reporting, Recordkeeping, and Disclosure Requirements Associated with
Regulation VV (FR VV; OMB No. 7100-0360).
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 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, Without Revision, of the Following Information Collection
Collection title: Reporting, Recordkeeping, and Disclosure
Requirements Associated with Regulation VV.
Collection identifier: FR VV.
OMB control number: 7100-0360.
General description of collection: Section 13 of the Bank Holding
Company Act of 1956 (BHC Act) \1\ and the Board's implementing
regulation, Regulation VV--Proprietary Trading and Certain Interests in
and Relationships with Covered Funds (12 CFR part 248),\2\ restrict the
ability of banking entities to engage in proprietary trading \3\ or to
have certain interests in, or relationships with, a hedge fund or
private equity fund. Respondents must submit certain information to
facilitate the monitoring and enforcement of these restrictions.
---------------------------------------------------------------------------
\1\ 12 U.S.C. 1851.
\2\ The Board issued Regulation VV in conjunction with the
Office of the Comptroller of the Currency, Federal Deposit Insurance
Corporation, Commodity Futures Trading Commission, and Securities
and Exchange Commission (collectively, the agencies), with each of
the agencies promulgating regulations implementing section 13 of the
BHC Act.
\3\ The term ``proprietary trading'' means engaging as principal
for the trading account of the banking entity in any purchase or
sale of one or more financial instruments. See 12 CFR 248.3(a).
---------------------------------------------------------------------------
Frequency: Quarterly, annual, and event-generated.
Respondents: State member banks, bank holding companies, savings
and loan holding companies, foreign banking organizations, U.S.
branches or agencies of foreign banks, and other holding companies that
control an insured depository institution. Respondents may also include
any subsidiary of the foregoing.
Total estimated number of respondents: 231.
Total estimated annual burden hours: 30,676.\4\
---------------------------------------------------------------------------
\4\ 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 VV.
---------------------------------------------------------------------------
Current actions: On September 28, 2023, the Board published a
notice in the Federal Register (88 FR 66846) requesting public comment
for 60 days on the extension, without revision, of the FR VV. The
comment period for this notice expired on November 27, 2023. The Board
did not receive any comments.
Board of Governors of the Federal Reserve System, December 19,
2023.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2023-28347 Filed 12-22-23; 8:45 am]
BILLING CODE 6210-01-P
