Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 61116 [2024-16670]

Download as PDF 61116 Federal Register / Vol. 89, No. 146 / Tuesday, July 30, 2024 / Notices khammond on DSKJM1Z7X2PROD with NOTICES Final Approval Under OMB Delegated Authority of the Extension for Three Years, Without Revision, of the Following Information Collection Collection title: Recordkeeping Guidance Associated with Changes in Foreign Investments. Made Pursuant to Regulation K. Collection identifier: FR 2064. OMB control number: 7100–0109. General description of collection: Internationally active U.S. banking organizations are expected to maintain adequate internal records to allow examiners to review compliance with the investment provisions of Regulation K. This recordkeeping guidance is what makes up the FR 2064. For each investment made under Subpart A of Regulation K, a banking organization investor should maintain internal records regarding the type of investment; the amount of the investment; the percentage ownership; activities conducted by the company and the legal authority for such activities; and whether the investment was made under general consent, prior notice, or specific consent authority. With respect to investments made under general consent authority, information also should be maintained that demonstrates compliance with the various limits set out in section 211.9 of Regulation K. These records are reviewed by examiners during examinations, allowing the examiners to determine a banking organization’s compliance with the Federal Reserve Act and Subpart A of Regulation K. Monitoring banking organizations’ international investments also permits the Federal Reserve to ensure that banking organizations do not expose themselves to undue risk. Frequency: On-going. Respondents: U.S. banking organizations (member banks, Edge Act and agreement corporations, and bank holding companies) that have made a foreign investment. Total estimated number of respondents: 20. Total estimated annual burden hours: 160. Current actions: On March 29, 2024, the Board published a notice in the Federal Register (89 FR 22147) requesting public comment for 60 days on the extension, without revision, of the FR 2064. The comment period for this notice expired on May 28, 2024. The Board did not receive any comments. VerDate Sep<11>2014 16:51 Jul 29, 2024 Jkt 262001 Board of Governors of the Federal Reserve System, July 24, 2024. Michele Taylor Fennell, Deputy Associate Secretary of the Board. Final Approval Under OMB Delegated Authority of the Extension for Three Years, Without Revision, of the Following Information Collection [FR Doc. 2024–16673 Filed 7–29–24; 8:45 am] Collection title: International Applications and Prior Notifications under Subpart B of Regulation K. Collection identifier: FR K–2. OMB control number: 7100–0284. General description of collection: Subpart B of Regulation K implements the International Banking Act of 1978 (IBA). Under the IBA foreign banks are required to obtain the prior approval of the Board to establish a branch, agency, or representative office in the United States; to establish or acquire ownership or control of a commercial lending company in the United States; or to change the status of an agency or limited branch to a branch in the United States. The Board’s FR K–2 information collection consists of attachments submitted in connection with these prior approval applications and helps in supervising foreign banks with offices in the United States. Frequency: Event-generated. Respondents: Foreign banks. Total estimated number of respondents: 13. Total estimated annual burden hours: 372. Current actions: On March 29, 2024, the Board published a notice in the Federal Register (89 FR 22149) requesting public comment for 60 days on the extension, without revision, of the FR K–2. The comment period for this notice expired on May 28, 2024. The Board did not receive any comments. 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 International Applications and Prior Notifications under Subpart B of Regulation K (FR K–2; OMB No. 7100– 0284). 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.federal reserve.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 K–2. AGENCY: PO 00000 Frm 00059 Fmt 4703 Sfmt 4703 Board of Governors of the Federal Reserve System, July 24, 2024. Michele Taylor Fennell, Deputy Associate Secretary of the Board. [FR Doc. 2024–16670 Filed 7–29–24; 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, without revision, the Federal Reserve Payments Study (FR 3066; OMB No. 7100–0351). DATES: Comments must be submitted on or before September 30, 2024. SUMMARY: E:\FR\FM\30JYN1.SGM 30JYN1

Agencies

[Federal Register Volume 89, Number 146 (Tuesday, July 30, 2024)]
[Notices]
[Page 61116]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-16670]


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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, without revision, the 
International Applications and Prior Notifications under Subpart B of 
Regulation K (FR K-2; OMB No. 7100-0284).

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. On the page displayed at the link above, you can find the 
supporting information by referencing the collection identifier, FR K-
2.

Final Approval Under OMB Delegated Authority of the Extension for Three 
Years, Without Revision, of the Following Information Collection

    Collection title: International Applications and Prior 
Notifications under Subpart B of Regulation K.
    Collection identifier: FR K-2.
    OMB control number: 7100-0284.
    General description of collection: Subpart B of Regulation K 
implements the International Banking Act of 1978 (IBA). Under the IBA 
foreign banks are required to obtain the prior approval of the Board to 
establish a branch, agency, or representative office in the United 
States; to establish or acquire ownership or control of a commercial 
lending company in the United States; or to change the status of an 
agency or limited branch to a branch in the United States. The Board's 
FR K-2 information collection consists of attachments submitted in 
connection with these prior approval applications and helps in 
supervising foreign banks with offices in the United States.
    Frequency: Event-generated.
    Respondents: Foreign banks.
    Total estimated number of respondents: 13.
    Total estimated annual burden hours: 372.
    Current actions: On March 29, 2024, the Board published a notice in 
the Federal Register (89 FR 22149) requesting public comment for 60 
days on the extension, without revision, of the FR K-2. The comment 
period for this notice expired on May 28, 2024. The Board did not 
receive any comments.

    Board of Governors of the Federal Reserve System, July 24, 2024.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2024-16670 Filed 7-29-24; 8:45 am]
BILLING CODE 6210-01-P
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