Notice2023-26583
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
December 5, 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, with revision, the Consolidated Holding Company Report of Equity Investments in Nonfinancial Companies and the Annual Report of Merchant Banking Investments Held for an Extended Period (FR Y-12, FR Y-12A; OMB No. 7100-0300).
Full Text
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<title>Federal Register, Volume 88 Issue 232 (Tuesday, December 5, 2023)</title>
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[Federal Register Volume 88, Number 232 (Tuesday, December 5, 2023)]
[Notices]
[Pages 84327-84328]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-26583]
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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, with revision, the
Consolidated Holding Company Report of Equity Investments in
Nonfinancial Companies and the Annual Report of Merchant Banking
Investments Held for an Extended Period (FR Y-12, FR Y-12A; OMB No.
7100-0300).
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#39574c5158175c5554585e514b585b50795f4b5b175e564f"><span class="__cf_email__" data-cfemail="1b756e737a357e77767a7c73697a79725b7d6979357c746d">[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.
[[Page 84328]]
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, With Revision, of the Following Information Collection
Collection title: Consolidated Holding Company Report of Equity
Investments in Nonfinancial Companies and the Annual Report of Merchant
Banking Investments Held for an Extended Period.
Collection identifier: FR Y-12, FR Y-12A.
OMB control number: 7100-0300.
Effective Date: December 31, 2023.
General description of collection: The FR Y-12 report collects
information from certain holding companies on their equity investments
in nonfinancial companies. The FR Y-12A report collects information
from certain financial holding companies (FHCs) on merchant banking
investments that they have held for longer than 8 years (or 13 years in
the case of investments held through a qualifying private equity fund).
The Board uses the FR Y-12 report to monitor the growth in equity
investments in nonfinancial companies and their contributions to
capital, profitability, risk, and volatility. The Board uses the FR Y-
12A report to monitor investments that are approaching the end of their
applicable holding periods.
Frequency: Quarterly, semiannually, annually.
Respondents: Bank holding companies, savings and loan holding
companies, U.S. intermediate holding companies, and certain FHCs.
Total estimated number of respondents: 31.
Total estimated change in burden: 66.
Total estimated annual burden hours: 2,021. \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 Y-12 and FR Y-12A.
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Current actions: On July 19, 2023, the Board published a notice in
the Federal Register (88 FR 46161) requesting public comment for 60
days on the extension, with revision, of the FR Y-12 and FR Y-12A. The
Board proposed to revise the FR Y-12 and FR Y-12A instructions by
clarifying when respondents should submit their reports when the
submission deadline falls on a weekend or holiday, modifying and
clarifying recordkeeping requirements, clarifying the reported amount
of a firm's aggregate nonfinancial equity investment, clarifying which
columns are applicable to certain FR Y-12 schedules, and aligning the
two reports' submission deadlines. The comment period for this notice
expired on September 18, 2023. The Board did not receive any comments.
The revisions will be implemented as originally proposed.
Board of Governors of the Federal Reserve System, November 29,
2023.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2023-26583 Filed 12-4-23; 8:45 am]
BILLING CODE 6210-01-P
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