Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 48642-48643 [2024-12557]
Download as PDF
<![CDATA[
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
ddrumheller on DSK120RN23PROD with NOTICES1
Federal Register / Vol. 89, No. 111 / Friday, June 7, 2024 / Notices
General description of collection: The
FR 2081a must be submitted in
connection with the acquisition or, in
certain circumstances, the retention of
control of a state member bank (SMB),
savings and loan holding company
(SLHC), or bank holding company
(BHC) (or group of BHCs or SLHCs) by
an individual, a group of individuals, a
company, or a group of companies that
would not be BHCs or SLHCs after
consummation of the proposed
transaction. The notice must be
submitted to the appropriate Reserve
Bank and include a description of the
proposed transaction, the purchase
price and funding source, the personal
and financial information of the
proposed acquirer(s), and any proposed
new management.
Frequency: Event-generated.
Respondents: SMBs, BHCs, SLHCs,
and associated individuals.
Total estimated number of
respondents: 153.
Estimated average hours per response:
Reporting, 17; Disclosure, 1.
Total estimated annual burden hours:
2,754.
Collection title: Interagency Notice of
Change in Director or Senior Executive
Officer.
Collection identifier: FR 2081b.
OMB control number: 7100–0134.
General description of collection: The
FR 2081b is used, under certain
circumstances, to notify the appropriate
Reserve Bank of a proposed change to
an institution’s board of directors or
senior executive officers. The notice
must be filed if the institution is not in
compliance with all minimum capital
requirements, is in troubled condition,
or is otherwise required by the Board to
provide such notice. The reporting form
may be filed by the relevant SMB,
SLHC, or BHC, or by the affected
individual.
Frequency: Event-generated.
Respondents: SMBs, BHCs, SLHCs,
and associated individuals.
Total estimated number of
respondents: 112.
Estimated average hours per response:
2.
Total estimated annual burden hours:
224.
Collection title: Interagency
Biographical and Financial Report.
Collection identifier: FR 2081c.
OMB control number: 7100–0134.
General description of collection: The
FR 2081c is used by certain
shareholders, directors, and executive
officers in connection with the FR
2081a, FR 2081b, as well as applications
for BHC and SLHC formations,
acquisitions, and mergers, among other
VerDate Sep<11>2014
17:23 Jun 06, 2024
Jkt 262001
filings. Information requested on this
reporting form is subject to verification
and requests for clarification or
supplementation may be necessary. The
FR 2081c requests the following
information: (1) certain biographical
information, such as personal
information, employment records,
education and professional credentials,
and business and banking affiliations;
(2) certain legal and related information;
and (3) a financial report on the
notificant, including a balance sheet, a
cash flow statement, and various
supporting schedules.
Frequency: Event-generated.
Respondents: SMBs, BHCs, SLHCs,
and associated individuals.
Total estimated number of
respondents: 906.
Estimated average hours per response:
5.
Total estimated annual burden hours:
4,530.
Current actions: On January 29, 2024,
the Board published a notice in the
Federal Register (89 FR 5540)
requesting public comment for 60 days
on the extension, without revision, of
the FR 2081a, b, and c. 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. 2024–12557 Filed 6–6–24; 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, with revision, the Government
Securities Dealers Reports (FR 2004;
OMB No. 7100–0003).
DATES: The revisions are effective July 3,
2024.
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
AGENCY:
PO 00000
Frm 00094
Fmt 4703
Sfmt 4703
48643
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. On
the page displayed at the link above,
you can find the supporting information
by referencing the collection identifier,
FR 2004.
Final Approval Under OMB Delegated
Authority of the Extension for Three
Years, With Revision, of the Following
Information Collection
Collection title: Government
Securities Dealers Reports.
Collection identifier: FR 2004.
OMB control number: 7100–0003.
General description of collection: This
information collection is comprised of
the:
• Weekly Report of Dealer Positions
(FR 2004A),
• Weekly Report of Cumulative
Dealer Transactions (FR 2004B),
• Weekly Report of Dealer Financing
and Fails (FR 2004C),
• Weekly Report of Specific Issues
(FR 2004SI),
• Daily Report of Specific Issues (FR
2004SD),
• Supplement to the Daily Report of
Specific Issues (FR 2004SD ad hoc),
• Daily Report of Dealer Activity in
Treasury Financing (FR 2004WI),
• Settlement Cycle Report of Dealer
Fails and Transaction Volumes: Class A
(FR 2004FA),
• Settlement Cycle Report of Dealer
Fails and Transaction Volumes: Class B
(FR 2004FB),
E:\FR\FM\07JNN1.SGM
07JNN1
]]>Agencies
[Federal Register Volume 89, Number 111 (Friday, June 7, 2024)]
[Notices]
[Pages 48642-48643]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-12557]
-----------------------------------------------------------------------
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
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, [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 Collections
Collection title: Interagency Notice of Change in Control.
Collection identifier: FR 2081a.
OMB control number: 7100-0134.
[[Page 48643]]
General description of collection: The FR 2081a must be submitted
in connection with the acquisition or, in certain circumstances, the
retention of control of a state member bank (SMB), savings and loan
holding company (SLHC), or bank holding company (BHC) (or group of BHCs
or SLHCs) by an individual, a group of individuals, a company, or a
group of companies that would not be BHCs or SLHCs after consummation
of the proposed transaction. The notice must be submitted to the
appropriate Reserve Bank and include a description of the proposed
transaction, the purchase price and funding source, the personal and
financial information of the proposed acquirer(s), and any proposed new
management.
Frequency: Event-generated.
Respondents: SMBs, BHCs, SLHCs, and associated individuals.
Total estimated number of respondents: 153.
Estimated average hours per response: Reporting, 17; Disclosure, 1.
Total estimated annual burden hours: 2,754.
Collection title: Interagency Notice of Change in Director or
Senior Executive Officer.
Collection identifier: FR 2081b.
OMB control number: 7100-0134.
General description of collection: The FR 2081b is used, under
certain circumstances, to notify the appropriate Reserve Bank of a
proposed change to an institution's board of directors or senior
executive officers. The notice must be filed if the institution is not
in compliance with all minimum capital requirements, is in troubled
condition, or is otherwise required by the Board to provide such
notice. The reporting form may be filed by the relevant SMB, SLHC, or
BHC, or by the affected individual.
Frequency: Event-generated.
Respondents: SMBs, BHCs, SLHCs, and associated individuals.
Total estimated number of respondents: 112.
Estimated average hours per response: 2.
Total estimated annual burden hours: 224.
Collection title: Interagency Biographical and Financial Report.
Collection identifier: FR 2081c.
OMB control number: 7100-0134.
General description of collection: The FR 2081c is used by certain
shareholders, directors, and executive officers in connection with the
FR 2081a, FR 2081b, as well as applications for BHC and SLHC
formations, acquisitions, and mergers, among other filings. Information
requested on this reporting form is subject to verification and
requests for clarification or supplementation may be necessary. The FR
2081c requests the following information: (1) certain biographical
information, such as personal information, employment records,
education and professional credentials, and business and banking
affiliations; (2) certain legal and related information; and (3) a
financial report on the notificant, including a balance sheet, a cash
flow statement, and various supporting schedules.
Frequency: Event-generated.
Respondents: SMBs, BHCs, SLHCs, and associated individuals.
Total estimated number of respondents: 906.
Estimated average hours per response: 5.
Total estimated annual burden hours: 4,530.
Current actions: On January 29, 2024, the Board published a notice
in the Federal Register (89 FR 5540) requesting public comment for 60
days on the extension, without revision, of the FR 2081a, b, and c. 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. 2024-12557 Filed 6-6-24; 8:45 am]
BILLING CODE 6210-01-P
