Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 5543-5544 [2024-01630]
Download as PDF
<![CDATA[
Federal Register / Vol. 89, No. 19 / Monday, January 29, 2024 / Notices
Proposal Under OMB Delegated
Authority To Extend for Three Years,
Without Revision, the Following
Information Collection
Collection title: Interagency Bank
Merger Act Application.
Collection identifier: FR 2070.
OMB control number: 7100–0171.
General description of collection: The
Board, Office of the Comptroller of the
Currency, and Federal Deposit
Insurance Corporation each use this
reporting form to collect information on
depository institution merger proposals
that require prior approval under the
Bank Merger Act. The Board collects the
information gathered by the FR 2070 so
that it may meet its statutory obligations
with respect to each merger proposal in
which the acquiring, assuming, or
resulting bank would be a state member
bank (SMB).
Frequency: Event-generated.
Respondents: SMBs regulated by the
Federal Reserve.
Total estimated number of
respondents: 65.
Total estimated annual burden hours:
2,183.1
Board of Governors of the Federal Reserve
System, January 23, 2024.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2024–01647 Filed 1–26–24; 8:45 am]
BILLING CODE 6210–01–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, without revision, the
Recordkeeping and Disclosure
Requirements Associated with
Regulation R (FR R; OMB No. 7100–
0316).
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.
ddrumheller on DSK120RN23PROD with NOTICES1
AGENCY:
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 2070.
18:33 Jan 26, 2024
Jkt 262001
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.
SUPPLEMENTARY INFORMATION:
Final Approval Under OMB Delegated
Authority of the Extension for Three
Years, Without Revision, of the
Following Information Collection
FEDERAL RESERVE SYSTEM
VerDate Sep<11>2014
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.
Collection title: Recordkeeping and
Disclosure Requirements Associated
with Regulation R.
Collection identifier: FR R.
OMB control number: 7100–0316.
General description of collection: The
Board’s Regulation R—Exceptions for
Banks from the Definition of Broker in
the Securities Exchange Act of 1934 (12
CFR part 218) implements certain
exceptions for banks from the definition
of broker under section 3(a)(4) of the
Securities Exchange Act of 1934
(Exchange Act). Sections 701, 723, and
741 of Regulation R contain certain
recordkeeping provisions for banks that
utilize the exceptions in the Exchange
Act and certain customer and
counterparty disclosure requirements.
Frequency: Event-generated.
Respondents: Banks, as defined in the
Exchange Act, that qualify for the
exemptions from the Exchange Act
definition of broker.
Total estimated number of
respondents: 3,185.
PO 00000
Frm 00064
Fmt 4703
Sfmt 4703
5543
Total estimated annual burden hours:
62,709.1
Current actions: On September 11,
2023, the Board published a notice in
the Federal Register (88 FR 62363)
requesting public comment for 60 days
on the extension, without revision, of
the FR R. 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.
January 23, 2024.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2024–01643 Filed 1–26–24; 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
Recordkeeping and Disclosure
Requirements Associated with
Regulation H (Securities Transactions
by State Member Banks) (FR H–3; OMB
No. 7100–0196).
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
AGENCY:
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 R.
E:\FR\FM\29JAN1.SGM
29JAN1
5544
Federal Register / Vol. 89, No. 19 / Monday, January 29, 2024 / Notices
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: Recordkeeping and
Disclosure Requirements Associated
with Regulation H (Securities
Transactions by State Member Banks).
Collection identifier: FR H–3.
OMB control number: 7100–0196.
General description of collection:
Section 15C of the Securities Exchange
Act of 1934, establishes federal
regulation of brokers and dealers of
government securities, including banks
and other financial institutions, and
directs those brokers and dealers to keep
certain records.1 These requirements are
implemented for state member banks
(SMBs) by sections 208.34(c), (d), and
(g) of the Board’s Regulation H, which
require that non-exempt SMBs 2
effecting securities transactions for
customers establish and maintain a
system of records of these transactions,
furnish confirmations of transactions to
customers that disclose certain
information, and establish written
policies and procedures relating to
securities trading.
1 15
U.S.C. 78o–5.
requirements of section 208.34 of
Regulation H apply to all state member banks that
effect more than 500 government securities
brokerage transactions per year, unless the
institution has filed a written notice, or is required
to file notice, with the Board that it acts as a
government securities broker or a government
securities dealer. These requirements also do not
apply to activities of foreign branches of SMBs;
activities of nonmember, non-insured trust
company subsidiaries of bank holding companies;
or activities that are subject to regulations
promulgated by the Municipal Securities
Rulemaking Board. In addition, SMBs with an
annual average of less than 200 securities
transactions for customers over the prior three
calendar years (exclusive of transactions in U.S.
government and agency obligations) are exempt
from these Regulation H recordkeeping and
disclosure requirements. See 12 CFR
208.34(a)(1)(i)–(iv).
ddrumheller on DSK120RN23PROD with NOTICES1
2 The
VerDate Sep<11>2014
18:33 Jan 26, 2024
Jkt 262001
Frequency: Event-generated,
quarterly.
Respondents: SMBs, SMB officers/
employees.
Total estimated number of
respondents: 3,368.
Total estimated annual burden hours:
100,774.3
Current actions: On September 11,
2023, the Board published a notice in
the Federal Register (88 FR 62366)
requesting public comment for 60 days
on the extension, without revision, of
the FR H–3. The comment period for
this notice expired on November 13,
2023.
Board of Governors of the Federal Reserve
System, January 23, 2024.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2024–01630 Filed 1–26–24; 8:45 am]
BILLING CODE 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
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
3 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 H–3.
PO 00000
Frm 00065
Fmt 4703
Sfmt 4703
Street and Constitution Avenue NW,
Washington, DC 20551–0001, not later
than February 13, 2024.
A. Federal Reserve Bank of Chicago
(Colette A. Fried, Assistant Vice
President) 230 South LaSalle Street,
Chicago, Illinois 60690–1414.
Comments can also be sent
electronically to
Comments.applications@chi.frb.org:
1. The CN 2023 Dynasty Trust,
Milwaukee, Wisconsin, Gregory P.
Nicklaus, Arbor Vitae, Wisconsin, and
Peter J. Wilder, Pewaukee, Wisconsin, as
co- trustees; and the DN 2023 Dynasty
Trust, Milwaukee, Wisconsin, Todd R.
Nicklaus, Rothschild, Wisconsin, and
Peter J. Wilder, as co-trustees; to join the
Nicklaus Family Control Group, a group
acting in concert, to acquire voting
shares of River Valley Bancorporation,
Inc., and thereby indirectly acquire
voting shares of IncredibleBank, both of
Wausau, Wisconsin.
Board of Governors of the Federal Reserve
System.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2024–01718 Filed 1–26–24; 8:45 am]
BILLING CODE P
FEDERAL RESERVE SYSTEM
Formations of, Acquisitions by, and
Mergers of Bank Holding Companies
The companies listed in this notice
have applied to the Board for approval,
pursuant to the Bank Holding Company
Act of 1956 (12 U.S.C. 1841 et seq.)
(BHC Act), Regulation Y (12 CFR part
225), and all other applicable statutes
and regulations to become a bank
holding company and/or to acquire the
assets or the ownership of, control of, or
the power to vote shares of a bank or
bank holding company and all of the
banks and nonbanking companies
owned by the bank holding company,
including the companies listed below.
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
standards enumerated in the BHC Act
(12 U.S.C. 1842(c)). If the proposal also
involves the acquisition of a nonbanking
E:\FR\FM\29JAN1.SGM
29JAN1
]]>Agencies
[Federal Register Volume 89, Number 19 (Monday, January 29, 2024)]
[Notices]
[Pages 5543-5544]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-01630]
-----------------------------------------------------------------------
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
Recordkeeping and Disclosure Requirements Associated with Regulation H
(Securities Transactions by State Member Banks) (FR H-3; OMB No. 7100-
0196).
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
[[Page 5544]]
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: Recordkeeping and Disclosure Requirements
Associated with Regulation H (Securities Transactions by State Member
Banks).
Collection identifier: FR H-3.
OMB control number: 7100-0196.
General description of collection: Section 15C of the Securities
Exchange Act of 1934, establishes federal regulation of brokers and
dealers of government securities, including banks and other financial
institutions, and directs those brokers and dealers to keep certain
records.\1\ These requirements are implemented for state member banks
(SMBs) by sections 208.34(c), (d), and (g) of the Board's Regulation H,
which require that non-exempt SMBs \2\ effecting securities
transactions for customers establish and maintain a system of records
of these transactions, furnish confirmations of transactions to
customers that disclose certain information, and establish written
policies and procedures relating to securities trading.
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78o-5.
\2\ The requirements of section 208.34 of Regulation H apply to
all state member banks that effect more than 500 government
securities brokerage transactions per year, unless the institution
has filed a written notice, or is required to file notice, with the
Board that it acts as a government securities broker or a government
securities dealer. These requirements also do not apply to
activities of foreign branches of SMBs; activities of nonmember,
non-insured trust company subsidiaries of bank holding companies; or
activities that are subject to regulations promulgated by the
Municipal Securities Rulemaking Board. In addition, SMBs with an
annual average of less than 200 securities transactions for
customers over the prior three calendar years (exclusive of
transactions in U.S. government and agency obligations) are exempt
from these Regulation H recordkeeping and disclosure requirements.
See 12 CFR 208.34(a)(1)(i)-(iv).
---------------------------------------------------------------------------
Frequency: Event-generated, quarterly.
Respondents: SMBs, SMB officers/employees.
Total estimated number of respondents: 3,368.
Total estimated annual burden hours: 100,774.\3\
---------------------------------------------------------------------------
\3\ 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 H-3.
---------------------------------------------------------------------------
Current actions: On September 11, 2023, the Board published a
notice in the Federal Register (88 FR 62366) requesting public comment
for 60 days on the extension, without revision, of the FR H-3. The
comment period for this notice expired on November 13, 2023.
Board of Governors of the Federal Reserve System, January 23,
2024.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2024-01630 Filed 1-26-24; 8:45 am]
BILLING CODE P
