Proposed Agency Information Collection Activities; Comment Request, 48641-48642 [2024-12554]
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Federal Register / Vol. 89, No. 111 / Friday, June 7, 2024 / Notices
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 Interagency
Bank Merger Act Application (FR 2070;
OMB No. 7100–0171).
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.
ddrumheller on DSK120RN23PROD with NOTICES1
AGENCY:
Final Approval Under OMB Delegated
Authority of the Extension for Three
Years, Without Revision, of 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
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17:23 Jun 06, 2024
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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
Board.
Total estimated number of
respondents: 65.
Total estimated annual burden hours:
2,183.
Current actions: On January 29, 2024,
the Board published a notice in the
Federal Register (89 FR 5542)
requesting public comment for 60 days
on the extension, without revision, of
the FR 2070. The comment period for
this notice expired on March 29, 2024.
The Board did not receive any
comments.
Board of Governors of the Federal Reserve
System, June 4, 2024.
Benjamin W. McDonough,
Deputy Secretary and Ombuds of the Board.
[FR Doc. 2024–12498 Filed 6–6–24; 8:45 am]
BILLING CODE 6210–01–P
FEDERAL RESERVE SYSTEM
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, with revision, the Reports of
Foreign Banking Organizations (FR Y–
7N, FR Y–7NS, and FR Y–7Q; OMB No.
7100–0125).
DATES: Comments must be submitted on
or before August 6, 2024.
ADDRESSES: You may submit comments,
identified by FR Y–7N, FR Y–7NS, and
FR Y–7Q, 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.
SUMMARY:
PO 00000
Frm 00092
Fmt 4703
Sfmt 4703
48641
• Mail: Federal Reserve Board of
Governors, Attn: Ann E. Misback,
Secretary of the Board, Mailstop M–
4775, 2001 C St. NW, Washington, DC
20551.
All public comments are available
from the Board’s website at https://
www.federalreserve.gov/apps/foia/
proposedregs.aspx as submitted, unless
modified for technical reasons or to
remove personally identifiable
information at the commenter’s request.
Accordingly, comments will not be
edited to remove any confidential
business information, identifying
information, or contact information.
Public comments may also be viewed
electronically or in paper in Room M–
4365A, 2001 C St. NW, Washington, DC
20551, between 9:00 a.m. and 5:00 p.m.
on weekdays, except for Federal
holidays. For security reasons, the
Board requires that visitors make an
appointment to inspect comments. You
may do so by calling (202) 452–3684.
Upon arrival, visitors will be required to
present valid government-issued photo
identification and to submit to security
screening in order to inspect and
photocopy comments.
Additionally, commenters may send a
copy of their comments to the 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.
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.
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. In exercising
this delegated authority, the Board is
directed to take every reasonable step to
solicit comment. In determining
whether to approve a collection of
information, the Board will consider all
comments received from the public and
other agencies.
During the comment period for this
proposal, a copy of the proposed PRA
OMB submission, including the draft
reporting form and instructions,
supporting statement (which contains
more detail about the information
collection and burden estimates than
E:\FR\FM\07JNN1.SGM
07JNN1
48642
Federal Register / Vol. 89, No. 111 / Friday, June 7, 2024 / Notices
this notice), and other documentation,
will be made available on the 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. On
the page displayed at the link above,
you can find the supporting information
by referencing the collection identifier,
FR Y–7N, FR Y–7NS, and FR Y–7Q.
Final versions of these documents will
be made available at https://
www.reginfo.gov/public/do/PRAMain, if
approved.
ddrumheller on DSK120RN23PROD with NOTICES1
Request for Comment on Information
Collection Proposals
The Board invites public comment on
the following information collections,
which are being reviewed under
authority delegated by the OMB under
the PRA. Comments are invited on the
following:
a. Whether the proposed collections
of information are necessary for the
proper performance of the Board’s
functions, including whether the
information has practical utility;
b. The accuracy of the Board’s
estimate of the burden of the proposed
information collections, including the
validity of the methodology and
assumptions used;
c. Ways to enhance the quality,
utility, and clarity of the information to
be collected;
d. Ways to minimize the burden of
information collection on respondents,
including through the use of automated
collection techniques or other forms of
information technology; and
e. Estimates of capital or startup costs
and costs of operation, maintenance,
and purchase of services to provide
information.
At the end of the comment period, the
comments and recommendations
received will be analyzed to determine
the extent to which the Board should
modify the proposal.
Proposal Under OMB Delegated
Authority To Extend for Three Years,
With Revision, the Following
Information Collections
Collection title: Reports of Foreign
Banking Organizations.
Collection identifier: FR Y–7N, FR Y–
7NS, and FR Y–7Q.
OMB control number: 7100–0125.
General description of collection: The
FR Y–7N and FR Y–7NS collect
financial information for certain nonfunctionally regulated U.S. nonbank
subsidiaries held by foreign banking
organizations (FBOs) other than through
a U.S. bank holding company, financial
holding company (FHC), or U.S. bank.
VerDate Sep<11>2014
17:23 Jun 06, 2024
Jkt 262001
For purposes of these reports, an FBO is
a foreign bank that operates a branch,
agency, or commercial lending company
subsidiary in the United States; controls
a bank in the United States; or controls
an Edge corporation acquired after
March 5, 1987. FBOs file the FR Y–7N
quarterly or annually or the FR Y–7NS
annually, predominantly based on asset
size thresholds. The Federal Reserve
uses the data collected on the FR Y–7N,
FR Y–7NS, and FR Y–7Q to assess an
FBO’s ability to be a continuing source
of strength to its U.S. operations and to
determine compliance with applicable
U.S. laws and regulations. In addition,
the FR Y–7Q collects consolidated
regulatory capital information from all
FBOs, which the Federal Reserve uses to
assess the FBO’s ability to be a
continuing source of strength to its U.S.
banking operations and to determine
compliance with U.S. laws and
regulations.
Proposed revisions: The Board
proposes to revise the FR Y–7N forms
and instructions to be consistent with
adopted changes to U.S. generally
accepted accounting principles (GAAP)
related to troubled debt restructurings
(TDRs), provisions for credit losses on
off-balance sheet credit exposures, and
expected recoveries of amounts
previously charged off included within
the allowances for credit losses. The
Board also proposes to revise the FR Y–
7N and FR Y–7NS instructions by
modifying and clarifying the
recordkeeping requirements of the
submitted form. Lastly, the Board
proposes to remove the FR Y–7N and Y–
7NS from OMB No. 7100–0125 and
transfer to the OMB No. for the
Financial Statement of Foreign
Subsidiaries of U.S. Banking
Organizations, Financial Statement of
U.S. Nonbank Subsidiaries of U.S.
Holding Companies (FR 2314, FR
2314S, FR Y–11, FR Y–11S; OMB No.
7100–0073). The revisions are proposed
to take effect for the December 31, 2024,
as-of date. There are no proposed
revisions to the FR Y–7Q at this time.
Frequency: Quarterly, annually.
Respondents: FBOs.
Total estimated number of
respondents: 197.
Total estimated change in burden:
221.
Total estimated annual burden hours:
2,856.
Board of Governors of the Federal Reserve
System, June 4, 2024.
Benjamin W. McDonough,
Deputy Secretary and Ombuds of the Board.
[FR Doc. 2024–12554 Filed 6–6–24; 8:45 am]
BILLING CODE 6210–01–P
PO 00000
Frm 00093
Fmt 4703
Sfmt 4703
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 Interagency
Notice of Change in Control, Interagency
Notice of Change in Director or Senior
Executive Officer, and Interagency
Biographical and Financial Report (FR
2081a, b, and c; OMB No. 7100–0134).
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.
AGENCY:
Final Approval Under OMB Delegated
Authority of the Extension for Three
Years, Without Revision, of the
Following Information Collections
Collection title: Interagency Notice of
Change in Control.
Collection identifier: FR 2081a.
OMB control number: 7100–0134.
E:\FR\FM\07JNN1.SGM
07JNN1
]]>Agencies
[Federal Register Volume 89, Number 111 (Friday, June 7, 2024)]
[Notices]
[Pages 48641-48642]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-12554]
-----------------------------------------------------------------------
FEDERAL RESERVE SYSTEM
Proposed Agency Information Collection Activities; Comment
Request
AGENCY: Board of Governors of the Federal Reserve System.
ACTION: Notice, request for comment.
-----------------------------------------------------------------------
SUMMARY: The Board of Governors of the Federal Reserve System (Board)
invites comment on a proposal to extend for three years, with revision,
the Reports of Foreign Banking Organizations (FR Y-7N, FR Y-7NS, and FR
Y-7Q; OMB No. 7100-0125).
DATES: Comments must be submitted on or before August 6, 2024.
ADDRESSES: You may submit comments, identified by FR Y-7N, FR Y-7NS,
and FR Y-7Q, 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: [email protected]. 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-4775, 2001 C St. NW,
Washington, DC 20551.
All public comments are available from the Board's website at
https://www.federalreserve.gov/apps/foia/proposedregs.aspx as
submitted, unless modified for technical reasons or to remove
personally identifiable information at the commenter's request.
Accordingly, comments will not be edited to remove any confidential
business information, identifying information, or contact information.
Public comments may also be viewed electronically or in paper in Room
M-4365A, 2001 C St. NW, Washington, DC 20551, between 9:00 a.m. and
5:00 p.m. on weekdays, except for Federal holidays. For security
reasons, the Board requires that visitors make an appointment to
inspect comments. You may do so by calling (202) 452-3684. Upon
arrival, visitors will be required to present valid government-issued
photo identification and to submit to security screening in order to
inspect and photocopy comments.
Additionally, commenters may send a copy of their comments to the
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.
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.
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. In exercising this delegated authority, the
Board is directed to take every reasonable step to solicit comment. In
determining whether to approve a collection of information, the Board
will consider all comments received from the public and other agencies.
During the comment period for this proposal, a copy of the proposed
PRA OMB submission, including the draft reporting form and
instructions, supporting statement (which contains more detail about
the information collection and burden estimates than
[[Page 48642]]
this notice), and other documentation, will be made available on the
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. On the page displayed at
the link above, you can find the supporting information by referencing
the collection identifier, FR Y-7N, FR Y-7NS, and FR Y-7Q. Final
versions of these documents will be made available at https://www.reginfo.gov/public/do/PRAMain, if approved.
Request for Comment on Information Collection Proposals
The Board invites public comment on the following information
collections, which are being reviewed under authority delegated by the
OMB under the PRA. Comments are invited on the following:
a. Whether the proposed collections of information are necessary
for the proper performance of the Board's functions, including whether
the information has practical utility;
b. The accuracy of the Board's estimate of the burden of the
proposed information collections, including the validity of the
methodology and assumptions used;
c. Ways to enhance the quality, utility, and clarity of the
information to be collected;
d. Ways to minimize the burden of information collection on
respondents, including through the use of automated collection
techniques or other forms of information technology; and
e. Estimates of capital or startup costs and costs of operation,
maintenance, and purchase of services to provide information.
At the end of the comment period, the comments and recommendations
received will be analyzed to determine the extent to which the Board
should modify the proposal.
Proposal Under OMB Delegated Authority To Extend for Three Years, With
Revision, the Following Information Collections
Collection title: Reports of Foreign Banking Organizations.
Collection identifier: FR Y-7N, FR Y-7NS, and FR Y-7Q.
OMB control number: 7100-0125.
General description of collection: The FR Y-7N and FR Y-7NS collect
financial information for certain non-functionally regulated U.S.
nonbank subsidiaries held by foreign banking organizations (FBOs) other
than through a U.S. bank holding company, financial holding company
(FHC), or U.S. bank. For purposes of these reports, an FBO is a foreign
bank that operates a branch, agency, or commercial lending company
subsidiary in the United States; controls a bank in the United States;
or controls an Edge corporation acquired after March 5, 1987. FBOs file
the FR Y-7N quarterly or annually or the FR Y-7NS annually,
predominantly based on asset size thresholds. The Federal Reserve uses
the data collected on the FR Y-7N, FR Y-7NS, and FR Y-7Q to assess an
FBO's ability to be a continuing source of strength to its U.S.
operations and to determine compliance with applicable U.S. laws and
regulations. In addition, the FR Y-7Q collects consolidated regulatory
capital information from all FBOs, which the Federal Reserve uses to
assess the FBO's ability to be a continuing source of strength to its
U.S. banking operations and to determine compliance with U.S. laws and
regulations.
Proposed revisions: The Board proposes to revise the FR Y-7N forms
and instructions to be consistent with adopted changes to U.S.
generally accepted accounting principles (GAAP) related to troubled
debt restructurings (TDRs), provisions for credit losses on off-balance
sheet credit exposures, and expected recoveries of amounts previously
charged off included within the allowances for credit losses. The Board
also proposes to revise the FR Y-7N and FR Y-7NS instructions by
modifying and clarifying the recordkeeping requirements of the
submitted form. Lastly, the Board proposes to remove the FR Y-7N and Y-
7NS from OMB No. 7100-0125 and transfer to the OMB No. for the
Financial Statement of Foreign Subsidiaries of U.S. Banking
Organizations, Financial Statement of U.S. Nonbank Subsidiaries of U.S.
Holding Companies (FR 2314, FR 2314S, FR Y-11, FR Y-11S; OMB No. 7100-
0073). The revisions are proposed to take effect for the December 31,
2024, as-of date. There are no proposed revisions to the FR Y-7Q at
this time.
Frequency: Quarterly, annually.
Respondents: FBOs.
Total estimated number of respondents: 197.
Total estimated change in burden: 221.
Total estimated annual burden hours: 2,856.
Board of Governors of the Federal Reserve System, June 4, 2024.
Benjamin W. McDonough,
Deputy Secretary and Ombuds of the Board.
[FR Doc. 2024-12554 Filed 6-6-24; 8:45 am]
BILLING CODE 6210-01-P
