Notice2023-01643
Proposed Agency Information Collection Activities; Comment Request
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
January 27, 2023
Issuing agencies
Federal Reserve System
Abstract
The Board of Governors of the Federal Reserve System (Board) invites comment on a proposal to extend for three years, without revision, the Filings Related to the Gramm-Leach-Bliley Act (FR 4010, FR 4011, FR 4012, FR 4017, FR 4019, FR 4023; OMB No. 7100-0292).
Full Text
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<title>Federal Register, Volume 88 Issue 18 (Friday, January 27, 2023)</title>
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[Federal Register Volume 88, Number 18 (Friday, January 27, 2023)]
[Notices]
[Pages 5340-5341]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-01643]
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FEDERAL RESERVE SYSTEM
Proposed Agency Information Collection Activities; Comment
Request
AGENCY: Board of Governors of the Federal Reserve System.
ACTION: Notice, request for comment.
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SUMMARY: The Board of Governors of the Federal Reserve System (Board)
invites comment on a proposal to extend for three years, without
revision, the Filings Related to the Gramm-Leach-Bliley Act (FR 4010,
FR 4011, FR 4012, FR 4017, FR 4019, FR 4023; OMB No. 7100-0292).
DATES: Comments must be submitted on or before March 28, 2023.
ADDRESSES: You may submit comments, identified by FR 4010, FR 4011, FR
4012, FR 4017, FR 4019, or FR 4023, by any of the following methods:
<bullet> Agency Website: <a href="https://www.federalreserve.gov/">https://www.federalreserve.gov/</a>. Follow
the instructions for submitting comments at <a href="https://www.federalreserve.gov/apps/foia/proposedregs.aspx">https://www.federalreserve.gov/apps/foia/proposedregs.aspx</a>.
<bullet> Email: <a href="/cdn-cgi/l/email-protection#c8baadafbbe6aba7a5a5ada6bcbb88aeadacadbaa9a4baadbbadbabeade6afa7be"><span class="__cf_email__" data-cfemail="f486919387da979b9999919a8087b49291909186959886918791868291da939b82">[email protected]</span></a>. Include the OMB
number or FR number in the subject line of the message.
<bullet> Fax: (202) 452-3819 or (202) 452-3102.
<bullet> Mail: Federal Reserve Board of Governors, Attn: Ann E.
Misback, Secretary of the Board, Mailstop M-4775, 2001 C St. NW,
Washington, DC 20551.
All public comments are available from the Board's website at
<a href="https://www.federalreserve.gov/apps/foia/proposedregs.aspx">https://www.federalreserve.gov/apps/foia/proposedregs.aspx</a> as
submitted, unless modified for technical reasons or to remove
personally identifiable information at the commenter's request.
Accordingly, comments will not be edited to remove any confidential
business information, identifying information, or contact information.
Public comments may also be viewed electronically or in paper in Room
M-4365A, 2001 C St. NW, Washington, DC 20551, between 9:00 a.m. and
5:00 p.m. on weekdays, except for Federal holidays. For security
reasons, the Board requires that visitors make an appointment to
inspect comments. You may do so by calling (202) 452-3684. Upon
arrival, visitors will be required to present valid government-issued
photo identification and to submit to security screening in order to
inspect and photocopy comments.
Additionally, commenters may send a copy of their comments to the
Office of Management and Budget (OMB) Desk Officer for the Federal
Reserve Board,
[[Page 5341]]
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.
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, <a href="/cdn-cgi/l/email-protection#214f5449400f444d4c40464953404348614753430f464e57"><span class="__cf_email__" data-cfemail="4f213a272e612a23222e28273d2e2d260f293d2d61282039">[email protected]</span></a>, (202)
452-3884.
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. In exercising this delegated authority, the
Board is directed to take every reasonable step to solicit comment. In
determining whether to approve a collection of information, the Board
will consider all comments received from the public and other agencies.
During the comment period for this proposal, a copy of the proposed
PRA OMB submission, including the draft reporting form and
instructions, supporting statement (which contains more detail about
the information collection and burden estimates than this notice), and
other documentation, will be made available on the Board's public
website at <a href="https://www.federalreserve.gov/apps/reportingforms/home/review">https://www.federalreserve.gov/apps/reportingforms/home/review</a> or may be requested from the agency clearance officer, whose
name appears above. Final versions of these documents will be made
available at <a href="https://www.reginfo.gov/public/do/PRAMain">https://www.reginfo.gov/public/do/PRAMain</a>, if approved.
Request for Comment on Information Collection Proposal
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,
Without Revision, the Following Information Collections
Collection title: Filings Related to the Gramm-Leach-Bliley Act.
Collection identifiers: FR 4010, FR 4011, FR 4012, FR 4017, FR
4019, FR 4023.
OMB control number: 7100-0292.
General description of collection: The reporting and recordkeeping
requirements in this collection, which are related to amendments made
by the Gramm-Leach-Bliley Act to the Bank Holding Company Act of 1956
and the Federal Reserve Act, are composed of the following parts:
<bullet> Declarations to Become a Financial Holding Company (FR 4010)
<bullet> Requests for Determinations and Interpretations Regarding
Activities Financial in Nature (FR 4011)
<bullet> Notices of Failure to Meet Capital or Management Requirements
(FR 4012)
<bullet> Notices by State Member Banks to Invest in Financial
Subsidiaries (FR 4017)
<bullet> Regulatory Relief Requests Associated with Merchant Banking
Activities (FR 4019)
<bullet> Recordkeeping Requirements Associated with Merchant Banking
Activities (FR 4023)
There are no formal reporting forms for these information
collections (the FR designations are for internal purposes only). In
each case, the information required to be filed is described in the
Board's regulations. The reporting and recordkeeping requirements are
necessary to enable to the Board to determine eligibility, provide
appropriate determinations and interpretations, stay appraised of
financial conditions, and asses that certain activities are done in
accordance with the applicable regulatory requirements.
Frequency: On occasion.
Respondents: Bank holding companies, savings and loan holding
companies, foreign banks, and state member banks, as well as other
interested parties with respect to the FR 4011.
Total estimated number of respondents: 87.
Total estimated annual burden hours: 1,698.\1\
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\1\ More detailed information regarding this collection,
including more detailed burden estimates, can be found in the OMB
Supporting Statement posted at <a href="https://www.federalreserve.gov/apps/reportingforms/home/review">https://www.federalreserve.gov/apps/reportingforms/home/review</a>. On the page displayed at the link, you
can find the OMB Supporting Statement by referencing the collection
identifier, FR 4010, FR 4011, FR 4012, FR 4017, FR 4019, or FR 4023.
Board of Governors of the Federal Reserve System, January 23,
2023.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2023-01643 Filed 1-26-23; 8:45 am]
BILLING CODE 6210-01-P
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