Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 60891-60892 [2024-16598]

Download as PDF 60891 Federal Register / Vol. 89, No. 145 / Monday, July 29, 2024 / Notices MOD–033–2 (FORMERLY MOD–033–1) (STEADY-STATE AND DYNAMICS SYSTEM MODEL VALIDATION) Number of respondents Annual number of responses per respondent Total number of responses Average burden & cost per response Total annual burden hours & total annual cost Cost per respondent ($) (1) (2) (1) * (2) = (3) (4) (3) * (4) = (5) (5) ÷ (1) 1,416 hrs.; $109,442.64. 239 hrs.; $9,459.62 .. Data Submittal ......... 177 (RC and TOP) ... 1 177 8 hrs.; $618.32 ......... Evidence Retention .. 239 (PA/PC, RC, and TOP). 1 239 1 hr.; $39.58 ............. .................................. ........................ ........................ .................................. New Total for MOD–033–2 Renewal. The total annual estimated burden and cost for the FERC–725L information collection is 38,724 hours and $2,960,375.60 respectively. Comments: Comments are invited on: (1) whether the collection of information is necessary for the proper performance of the functions of the Commission, including whether the information will have practical utility; (2) the accuracy of the agency’s estimate of the burden and cost of the collection of information, including the validity of the methodology and assumptions used; (3) ways to enhance the quality, utility and clarity of the information collection; and (4) ways to minimize the burden of the collection of information on those who are to respond, including the use of automated collection techniques or other forms of information technology. Dated: July 22, 2024. Debbie-Anne A. Reese, Acting Secretary. [FR Doc. 2024–16529 Filed 7–26–24; 8:45 am] BILLING CODE 6717–01–P FEDERAL DEPOSIT INSURANCE CORPORATION Sunshine Act Meetings TIME AND DATE: 10:00 a.m. on July 30, 2024. This Board meeting will be open to public observation only by webcast. Visit https://www.fdic.gov/news/boardmatters/video.html for a link to the webcast. FDIC Board Members and staff will participate from FDIC Headquarters, 550 17th Street NW, Washington, DC. Observers requiring auxiliary aids (e.g., sign language interpretation) for this meeting should email DisabilityProgram@fdic.gov to make necessary arrangements. STATUS: Open to public observation via webcast. ddrumheller on DSK120RN23PROD with NOTICES1 PLACE: VerDate Sep<11>2014 18:51 Jul 26, 2024 Jkt 262001 1,655 hrs.; $118,902.26. $618.32 39.58 ........................ The Federal Deposit Insurance Corporation’s Board of Directors will meet to consider the following matters: Federal Deposit Insurance Corporation. James P. Sheesley, Assistant Executive Secretary. Discussion Agenda BILLING CODE 6714–01–P MATTERS TO BE CONSIDERED: Notice of Proposed Rulemaking on Brokered Deposit Restrictions. Notice of Proposed Rulemaking on Parent Companies of Industrial Banks and Industrial Loan Companies. Request for Information on Deposits. Final Guidance for Title I Resolution Plan Triennial Full Filers and Extension of Submission Deadline. Proposals regarding the Change in Bank Control Act Regulations and Procedures. Summary Agenda: No substantive discussion of the following items is anticipated. The Board will resolve these matters with a single vote unless a member of the Board of Directors requests that an item be moved to the discussion agenda. Final Rule on Revisions to the FDIC’s Section 19 Regulations. Interim Final Rule on Clarification of Deposit Insurance Coverage for Legacy Branches of U.S. Banks in the Federated States of Micronesia, the Marshall Islands, and Palau. Notice of Proposed Rulemaking regarding the Financial Data Transparency Act. Minutes of a Board of Directors’ Meeting Previously Distributed. Summary reports, status reports, and reports of actions taken pursuant to authority delegated by the Board of Directors. CONTACT PERSON FOR MORE INFORMATION: Direct requests for further information concerning the meeting to Debra A. Decker, Executive Secretary of the Corporation, at 202–898–8748. Authority: 5 U.S.C. 552b. PO 00000 Dated at Washington, DC, on July 24, 2024. Frm 00037 Fmt 4703 Sfmt 4703 [FR Doc. 2024–16671 Filed 7–25–24; 11:15 am] 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 Bank Holding Company Applications and Notifications (FR Y–3, FR Y–3N, and FR Y–4; OMB No. 7100–0121). DATES: The revisions are effective as of August 28, 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 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 AGENCY: E:\FR\FM\29JYN1.SGM 29JYN1 60892 Federal Register / Vol. 89, No. 145 / Monday, July 29, 2024 / Notices ddrumheller on DSK120RN23PROD with NOTICES1 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 Y–3, FR Y–3N, and FR Y–4. Final Approval Under OMB Delegated Authority of the Extension for Three Years, With Revision, of the Following Information Collections Collection title: Bank Holding Company Applications and Notifications. Collection identifier: FR Y–3, FR Y– 3N, and FR Y–4. OMB control number: 7100–0121. General description of collection: These filings collect information on proposals by Bank Holding Companies (BHCs) involving formations, acquisitions, mergers, and nonbanking activities. The Board requires the submission of these filings for regulatory and supervisory purposes and to allow the Board to fulfill its statutory obligations under the Bank Holding Company Act of 1956. The Board uses this information to evaluate each individual transaction with respect to financial and managerial factors, permissibility, competitive effects, financial stability, net public benefits, and impact on the convenience and needs of affected communities. Frequency: Event-generated. Respondents: BHCs and any company seeking to become a BHC. Total estimated number of respondents: 335. Total estimated change in burden: 388. Total estimated annual burden hours: 7,603. Current actions: On April 30, 2024, the Board published a notice in the Federal Register (89 FR 34246) requesting public comment for 60 days on the extension, with revision, of the FR Y–3, FR Y–3N, and FR Y–4. The Board proposed to revise the FR Y–3, FR Y–3N, and FR Y–4 forms and instructions to update or add certain citations and references; delete language that requires an explanation of the assumptions used in financial VerDate Sep<11>2014 18:51 Jul 26, 2024 Jkt 262001 projections only if the projections deviate from historical performance; remove the sample publication from the instructions; add questions regarding groups acting in concert, individuals who would own 10 percent or more of the applicant, and companies that would own five percent or more of the applicant; add a requirement that applicants provide a breakdown of pro forma equity; add a requirement that applicants identify any management official of the applicant who is also a management official at another depository institution; and add a question regarding the integration of the target into the applicant. The comment period for this notice expired on July 1, 2024. The Board did not receive any comments. The revisions will be implemented as proposed. Board of Governors of the Federal Reserve System, July 24, 2024. Michele Taylor Fennell, Deputy Associate Secretary of the Board. [FR Doc. 2024–16598 Filed 7–26–24; 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, with revision, the Application for a Foreign Organization to Acquire a U.S. Bank or Bank Holding Company (FR Y– 3F; OMB No. 7100–0119). DATES: The revisions are effective as of August 28, 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 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 AGENCY: PO 00000 Frm 00038 Fmt 4703 Sfmt 4703 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 Y–3F. Final Approval Under OMB Delegated Authority of the Extension for Three Years, With Revision, of the Following Information Collection Collection title: Application for a Foreign Organization to Acquire a U.S. Bank or Bank Holding Company. Collection identifier: FR Y–3F. OMB control number: 7100–0119. General description of collection: Under the Bank Holding Company Act of 1956, any company, including a company organized under the laws of a foreign country, that seeks to acquire a U.S. bank or bank holding company must receive approval from the Board prior to doing so. The Federal Reserve uses the information collected by the FR Y–3F to determine whether to approve an application for prior approval and, subsequently, to carry out its supervisory responsibilities with respect to the foreign banking organization’s operations in the United States. Frequency: Event-generated. Respondents: Any company organized under the laws of a foreign country that seeks to acquire a U.S. bank or bank holding company. Total estimated number of respondents: 1. Total estimated change in burden: 0. Total estimated annual burden hours: 92. Current actions: On April 30, 2024, the Board published a notice in the Federal Register (89 FR 34245) requesting public comment for 60 days on the extension, with revision, of the FR Y–3F. The Board proposed to revise the FR Y–3F to add a question regarding the integration of the target into the applicant; update or add certain citations and references; remove the E:\FR\FM\29JYN1.SGM 29JYN1

Agencies

[Federal Register Volume 89, Number 145 (Monday, July 29, 2024)]
[Notices]
[Pages 60891-60892]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-16598]


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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 
Bank Holding Company Applications and Notifications (FR Y-3, FR Y-3N, 
and FR Y-4; OMB No. 7100-0121).

DATES: The revisions are effective as of August 28, 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, [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

[[Page 60892]]

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 Y-3, FR Y-3N, 
and FR Y-4.

Final Approval Under OMB Delegated Authority of the Extension for Three 
Years, With Revision, of the Following Information Collections

    Collection title: Bank Holding Company Applications and 
Notifications.
    Collection identifier: FR Y-3, FR Y-3N, and FR Y-4.
    OMB control number: 7100-0121.
    General description of collection: These filings collect 
information on proposals by Bank Holding Companies (BHCs) involving 
formations, acquisitions, mergers, and nonbanking activities. The Board 
requires the submission of these filings for regulatory and supervisory 
purposes and to allow the Board to fulfill its statutory obligations 
under the Bank Holding Company Act of 1956. The Board uses this 
information to evaluate each individual transaction with respect to 
financial and managerial factors, permissibility, competitive effects, 
financial stability, net public benefits, and impact on the convenience 
and needs of affected communities.
    Frequency: Event-generated.
    Respondents: BHCs and any company seeking to become a BHC.
    Total estimated number of respondents: 335.
    Total estimated change in burden: 388.
    Total estimated annual burden hours: 7,603.
    Current actions: On April 30, 2024, the Board published a notice in 
the Federal Register (89 FR 34246) requesting public comment for 60 
days on the extension, with revision, of the FR Y-3, FR Y-3N, and FR Y-
4. The Board proposed to revise the FR Y-3, FR Y-3N, and FR Y-4 forms 
and instructions to update or add certain citations and references; 
delete language that requires an explanation of the assumptions used in 
financial projections only if the projections deviate from historical 
performance; remove the sample publication from the instructions; add 
questions regarding groups acting in concert, individuals who would own 
10 percent or more of the applicant, and companies that would own five 
percent or more of the applicant; add a requirement that applicants 
provide a breakdown of pro forma equity; add a requirement that 
applicants identify any management official of the applicant who is 
also a management official at another depository institution; and add a 
question regarding the integration of the target into the applicant. 
The comment period for this notice expired on July 1, 2024. The Board 
did not receive any comments. The revisions will be implemented as 
proposed.

    Board of Governors of the Federal Reserve System, July 24, 2024.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2024-16598 Filed 7-26-24; 8:45 am]
BILLING CODE 6210-01-P
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