Notice2022-04346
Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
March 2, 2022
Issuing agencies
Federal Reserve System
Abstract
The Board of Governors of the Federal Reserve System (Board) is adopting a proposal to extend for three years, without revision, the Quarterly Savings and Loan Holding Company Report.
Full Text
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<title>Federal Register, Volume 87 Issue 41 (Wednesday, March 2, 2022)</title>
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[Federal Register Volume 87, Number 41 (Wednesday, March 2, 2022)]
[Notices]
[Pages 11708-11709]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-04346]
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FEDERAL RESERVE SYSTEM
[FR 2320; OMB No. 7100-0345]
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
Quarterly Savings and Loan Holding Company Report.
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, Washington, DC 20551, (202)
452-3829.
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, and approved collection of
information instrument(s) are available at <a href="https://www.reginfo.gov/public/do/PRAMain">https://www.reginfo.gov/public/do/PRAMain</a>. These documents are also available on the Federal
Reserve Board's public website at <a href="https://www.federalreserve.gov/apps/reportforms/review.aspx">https://www.federalreserve.gov/apps/reportforms/review.aspx</a> 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 Collection
Report title: Quarterly Savings and Loan Holding Company Report.
Agency form number: FR 2320.
OMB control number: 7100-0345.
Frequency: Quarterly.
Respondents: Savings and loan holding companies (SLHCs).
Estimated number of respondents: 5.
Estimated average hours per response: 2.5.
Estimated annual burden hours: 50.
General description of report: The FR 2320 collects select parent
only and consolidated balance sheet and income statement financial data
and organizational structure data from SLHCs exempt from filing other
Federal Reserve regulatory reports. Specifically, the FR 2320 collects
data on the assets, liabilities, equity, and income of the
organization. In addition, the FR 2320 collects information about and
changes to the organization's subsidiaries, management, capital
structure, and operations.
Legal authorization and confidentiality: The FR 2320 is authorized
by section 10(b)(2) of the Home Owners' Loan Act (HOLA), which states
that ``each [SLHC] and each subsidiary thereof, other than a savings
[[Page 11709]]
association, shall file with the Board, such reports as may be required
by the Board.'' \1\ Section 10(b)(2) of HOLA also states that ``each
report shall contain such information concerning the operations of such
savings and loan holding company and its subsidiaries as the Board may
require.'' \2\
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\1\ 12 U.S.C. 1467a(b)(2).
\2\ Id.
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The FR 2320 is mandatory. Generally, in the case of tiered SLHCs
that are exempt SLHCs, only the top-tier SLHC must file the FR 2320 for
the consolidated SLHC organization. However, in certain cases, a lower-
tier SLHC may be required to file the FR 2320 instead of the top-tier
SLHC if it is determined by the district Federal Reserve Bank that the
lower-tier SLHC more closely reflects the risk profile, assets, and
liabilities of the subsidiary savings association(s). In addition,
lower-tier SLHCs may voluntarily file the FR 2320 or may be required to
file in addition to the top-tier SLHC if it is determined that such a
filing is necessary to accurately assess the impact that the activities
or financial condition of the lower-tier SLHC has on its subsidiary
savings association(s).
The information collected in response to line items 24, 25, and 26
is expected to be nonpublic commercial or financial information, which
is both customarily and actually treated as private by the respondent,
and thus may be kept confidential by the Board pursuant to exemption 4
of the Freedom of Information Act (FOIA).\3\ Although the remainder of
the FR 2320 is generally made available to the public upon request, a
reporting SLHC may request confidential treatment for responses to
other items pursuant to exemption 4 of the FOIA if those responses
contain nonpublic commercial or financial information, which is both
customarily and actually treated as private by the respondent.\4\
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\3\ 5 U.S.C. 552(b)(4).
\4\ Id.
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Current actions: On November 23, 2022, the Board published a notice
in the Federal Register (86 FR 66554) requesting public comment for 60
days on the extension, without revision, of the FR 2320. The comment
period for this notice expired on January 24, 2022. The Board did not
receive any comments.
Board of Governors of the Federal Reserve System, February 24,
2022.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2022-04346 Filed 3-1-22; 8:45 am]
BILLING CODE 6210-01-P
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