Notice2023-28346
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 26, 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 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 246 (Tuesday, December 26, 2023)</title>
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[Federal Register Volume 88, Number 246 (Tuesday, December 26, 2023)]
[Notices]
[Pages 88919-88920]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-28346]
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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
Reporting and Recordkeeping Requirements Associated with Regulation Y
(Capital Plans) (FR Y-13; OMB No. 7100-0342).
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#9af4eff2fbb4fff6f7fbfdf2e8fbf8f3dafce8f8b4fdf5ec"><span class="__cf_email__" data-cfemail="5c3229343d723930313d3b342e3d3e351c3a2e3e723b332a">[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 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: In addition to other reporting
and recordkeeping requirements, Section 225.8 of Regulation Y--Bank
Holding Companies and Change in Bank Control (12 CFR 225.8) requires
respondents to submit a capital plan to the Board on an annual basis
and to request prior approval from the Board under certain
circumstances before making a capital distribution.
Frequency: Annually and on occasion.
Respondents: Top-tier bank holding companies (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 BHC domiciled in the United
States that is made subject to
[[Page 88920]]
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.\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 part 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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Total estimated number of respondents: 34.
Total estimated annual burden hours: 177,562.
Current actions: On September 11, 2023, the Board published a
notice in the Federal Register (88 FR 62370) requesting public comment
for 60 days on the extension, without revision, of the FR Y-13. The
comment period for this notice expired on November 13, 2023. The Board
did not receive any comments.
Board of Governors of the Federal Reserve System, December 19,
2023.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2023-28346 Filed 12-22-23; 8:45 am]
BILLING CODE 6210-01-P
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