Notice2023-12104
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
June 7, 2023
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 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 109 (Wednesday, June 7, 2023)</title>
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[Federal Register Volume 88, Number 109 (Wednesday, June 7, 2023)]
[Notices]
[Pages 37251-37252]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-12104]
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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
Filings Related to the Gramm-Leach-Bliley Act (FR 4010, FR 4011, FR
4012, FR 4017, FR 4019, FR 4023; OMB No. 7100-0292).
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#2648534e4708434a4b47414e5447444f6640544408414950"><span class="__cf_email__" data-cfemail="e18f948980cf848d8c80868993808388a1879383cf868e97">[email protected]</span></a>, (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 <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/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 Approval Under OMB Delegated Authority of the Extension for Three
Years, Without Revision, of 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)
[[Page 37252]]
<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 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.
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Current actions: On January 27, 2023, the Board published a notice
in the Federal Register (88 FR 5340) requesting public comment for 60
days on the extension, without revision, of the FR 4010, FR 4011, FR
4012, FR 4017, FR 4019, FR 4023. The comment period for this notice
expired on March 28, 2023. The Board did not receive any comments.
Board of Governors of the Federal Reserve System, June 1, 2023.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2023-12104 Filed 6-6-23; 8:45 am]
BILLING CODE 6210-01-P
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