Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 79591 [2024-22325]

Download as PDF Federal Register / Vol. 89, No. 189 / Monday, September 30, 2024 / Notices supervisory information, in order to determine if they have any conflict of interests. The 1400E has four main sections: Financial Interests, Outside Employment or Consulting in Banking or Economic Industries, Work with Foreign Governments, and Relatives in Related Businesses. Applicants are asked to list assets that they, their spouse, or their minor children hold that might be conflicts of interest. The potential contractor is also asked to list any outside employment that is relevant to the Board, including any employment for or with a foreign government, within the past three years. Lastly, the applicant is asked to specify any position their spouse, child, parent, or sibling currently holds at a financial institution (such as a bank, bank holding company, savings and loan holding company, thrift or savings and loan association, or affiliate of any such entity; consulting or law firm advising financial institutions; economic forecasting or consulting firm; or a vendor/contractor) that works with the Federal Reserve System. Frequency: FR 1400A/FR 1400B/FR 1400C, event-generated; FR 1400D, semiannual. Respondents: Businesses and individuals. Total estimated number of respondents: 550. Estimated average hours per response: FR 1400A, 0.67; FR 1400B, 81; FR 1400C, 7.6; FR 1400D, 0.7; FR 1400E, 0.45. Total estimated change in burden: 27 hours. Total estimated annual burden hours: 24,979. Board of Governors of the Federal Reserve System, September 25, 2024. Benjamin W. McDonough, Deputy Secretary and Ombuds of the Board. [FR Doc. 2024–22322 Filed 9–27–24; 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 Interagency Guidance on Managing Compliance and Reputation Risks for Reverse Mortgage Products (FR 4029; OMB No. 7100– 0330). ddrumheller on DSK120RN23PROD with NOTICES1 AGENCY: VerDate Sep<11>2014 17:51 Sep 27, 2024 Jkt 262001 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. On the page displayed at the link above, you can find the supporting information by referencing the collection identifier, FR 4029. Final Approval Under OMB Delegated Authority of the Extension for Three Years, Without Revision, of the Following Information Collection Collection title: Interagency Guidance on Managing Compliance and Reputation Risks for Reverse Mortgage Products. Collection identifier: FR 4029. OMB control number: 7100–0330. General description of collection: In August 2010, the Federal Financial Institutions Examination Council FFIEC, on behalf of its member agencies, published a Federal Register notice adopting supervisory guidance titled ‘‘Reverse Mortgage Products: Guidance for Managing Compliance and Reputation Risks.’’ The guidance is designed to assist financial institutions with risk management and efforts to ensure that their reverse mortgage lending practices adequately address PO 00000 Frm 00091 Fmt 4703 Sfmt 4703 79591 consumer compliance and reputation risks. The reverse mortgage guidance discusses the disclosures and recordkeeping required by federal laws and regulations and also discusses consumer disclosures that financial institutions typically provide as a standard business practice. Certain portions of the guidance are information collections subject to PRA requirements and are what are included in the FR 4029. Frequency: Event-generated. Respondents: State member banks, Edge and Agreement corporations, bank holding companies, savings and loan holding companies, foreign banking organizations, and branches and agencies of foreign banks. Total estimated number of respondents: 5. Total estimated annual burden hours: 72. Current actions: On March 29, 2024, the Board published a notice in the Federal Register (89 FR 22148) requesting public comment for 60 days on the extension, without revision, of the FR 4029. 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, September 25, 2024. Benjamin W. McDonough, Deputy Secretary and Ombuds of the Board. [FR Doc. 2024–22325 Filed 9–27–24; 8:45 am] BILLING CODE 6210–01–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 E:\FR\FM\30SEN1.SGM 30SEN1

Agencies

[Federal Register Volume 89, Number 189 (Monday, September 30, 2024)]
[Notices]
[Page 79591]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-22325]


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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 
Interagency Guidance on Managing Compliance and Reputation Risks for 
Reverse Mortgage Products (FR 4029; OMB No. 7100-0330).

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 
4029.

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

    Collection title: Interagency Guidance on Managing Compliance and 
Reputation Risks for Reverse Mortgage Products.
    Collection identifier: FR 4029.
    OMB control number: 7100-0330.
    General description of collection: In August 2010, the Federal 
Financial Institutions Examination Council FFIEC, on behalf of its 
member agencies, published a Federal Register notice adopting 
supervisory guidance titled ``Reverse Mortgage Products: Guidance for 
Managing Compliance and Reputation Risks.'' The guidance is designed to 
assist financial institutions with risk management and efforts to 
ensure that their reverse mortgage lending practices adequately address 
consumer compliance and reputation risks. The reverse mortgage guidance 
discusses the disclosures and recordkeeping required by federal laws 
and regulations and also discusses consumer disclosures that financial 
institutions typically provide as a standard business practice. Certain 
portions of the guidance are information collections subject to PRA 
requirements and are what are included in the FR 4029.
    Frequency: Event-generated.
    Respondents: State member banks, Edge and Agreement corporations, 
bank holding companies, savings and loan holding companies, foreign 
banking organizations, and branches and agencies of foreign banks.
    Total estimated number of respondents: 5.
    Total estimated annual burden hours: 72.
    Current actions: On March 29, 2024, the Board published a notice in 
the Federal Register (89 FR 22148) requesting public comment for 60 
days on the extension, without revision, of the FR 4029. 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, September 25, 
2024.
Benjamin W. McDonough,
Deputy Secretary and Ombuds of the Board.
[FR Doc. 2024-22325 Filed 9-27-24; 8:45 am]
BILLING CODE 6210-01-P
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