Notice2023-19478
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
September 11, 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 Reporting and Recordkeeping Requirements Associated with Regulation Y (Capital Plans) (FR Y-13; OMB No. 7100-0342).
Full Text
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<title>Federal Register, Volume 88 Issue 174 (Monday, September 11, 2023)</title>
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[Federal Register Volume 88, Number 174 (Monday, September 11, 2023)]
[Notices]
[Pages 62370-62371]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-19478]
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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 Reporting and Recordkeeping Requirements Associated with
Regulation Y (Capital Plans) (FR Y-13; OMB No. 7100-0342).
DATES: Comments must be submitted on or before November 13, 2023.
ADDRESSES: You may submit comments, identified by FR Y-13, 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#3c4e595b4f125f5351515952484f7c5a5958594e5d504e594f594e4a59125b534a"><span class="__cf_email__" data-cfemail="27554240540944484a4a42495354674142434255464b5542544255514209404851">[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
https://www.federalreserve.gov/apps/foia/
[[Page 62371]]
proposedregs.aspx 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, 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#18766d7079367d7475797f706a797a71587e6a7a367f776e"><span class="__cf_email__" data-cfemail="83edf6ebe2ade6efeee2e4ebf1e2e1eac3e5f1e1ade4ecf5">[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
collection, which is being reviewed under authority delegated by the
OMB under the PRA. Comments are invited on the following:
a. Whether the proposed collection of information is 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 collection, 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 Collection
Collection title: Reporting and Recordkeeping Requirements
Associated with Regulation Y (Capital Plans).
Collection identifier: FR Y-13.
OMB control number: 7100-0342.
General description of collection: Section 225.8 of Regulation Y--
Bank Holding Companies and Change in Bank Control (12 CFR 225.8)
requires each large bank holding company, bank holding company
designated by the Board, large U.S. intermediate holding company, and
nonbank financial company designated by the Board (jointly referred to
as large BHCs) to submit a capital plan to the Board on an annual
basis, requires such BHCs to request prior approval from the Board
under certain circumstances before making a capital distribution, and
includes certain other reporting and recordkeeping requirements.\1\
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\1\ Large savings and loan holding companies are also subject to
capital planning requirements, pursuant to Subpart S of the Board's
Regulation LL (12 CFR 238, Subpart S). The collections of
information included in that Subpart are accounted for in the
Board's FR LL Paperwork Reduction Act (PRA) clearance (OMB No. 7100-
0380).
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Frequency: Annually and on occasion.
Respondents: Top-tier BHCs domiciled in the United States with $100
billion or more in total consolidated assets; U.S. intermediate holding
companies with total consolidated assets of $100 billion or more; any
other bank holding company domiciled in the United States that is made
subject to section 225.8, in whole or in part, by order of the Board;
and any nonbank financial company supervised by the Board that is made
subject to section 225.8 pursuant to a rule or order of the Board.
Total estimated number of respondents: 34.
Total estimated annual burden hours: 177,562.
Board of Governors of the Federal Reserve System, September 5,
2023.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2023-19478 Filed 9-8-23; 8:45 am]
BILLING CODE 6210-01-P
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