Notice2023-28349
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, with revision, the Application for Exemption from Prohibited Service at Savings and Loan Holding Companies (FR LL-12; OMB No. 7100-0338).
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]
[Page 88923]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-28349]
[[Page 88923]]
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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, with revision, the Application for
Exemption from Prohibited Service at Savings and Loan Holding Companies
(FR LL-12; OMB No. 7100-0338).
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#f799829f96d9929b9a96909f8596959eb7918595d9909881"><span class="__cf_email__" data-cfemail="ee809b868fc08b82838f89869c8f8c87ae889c8cc0898198">[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, With Revision, of the Following Information Collection
Collection title: Application for Exemption from Prohibited Service
at Savings and Loan Holding Companies.
Collection identifier: FR LL-12.
OMB control number: 7100-0338.
Effective date: December 31, 2023.
General description of collection: The Federal Deposit Insurance
Act and the Board's Regulation LL--Savings and Loan Holding Companies
(12 CFR part 238) prohibit individuals who have been convicted of
certain criminal offenses or who have agreed to enter into a pretrial
diversion or similar program in connection with a prosecution for such
criminal offenses from participating in the affairs of a savings and
loan holding company (SLHC) or any of its subsidiaries without the
written consent of the Board. Such an individual, or the SLHC with
which the individual seeks to participate, may apply for an exemption
from this prohibition.
Frequency: Event-generated.
Respondents: SLHCs; Individuals.
Total estimated number of respondents: 32.
Total estimated change in burden: 530.
Total estimated annual burden hours: 674.\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 LL-12.
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Current actions: On September 28, 2023, the Board published a
notice in the Federal Register (88 FR 66844) requesting public comment
for 60 days on the extension, with revision, of the FR LL-12. The Board
proposed to revise the FR LL-12 by clearing two previously uncleared
recordkeeping and disclosure requirements: (1) In order to utilize the
exception at 12 CFR 238.86 related to employees in non-policymaking
roles, an SLHC must maintain a list of all policymaking positions and
review this list annually; and (2) A person who is not subject to the
requirement to seek an exemption from the Board because their criminal
offenses are de minimis must disclose the conviction or pretrial
diversion or similar program to all insured depository institutions and
other banking organizations the affairs of which he or she
participates. The comment period for this notice expired on November
27, 2023. The Board did not receive any comments. The revisions will be
implemented as proposed.
Board of Governors of the Federal Reserve System, December 19,
2023.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2023-28349 Filed 12-22-23; 8:45 am]
BILLING CODE 6210-01-P
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