Notice2024-01645
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
January 29, 2024
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 Interagency Notice of Change in Control, Interagency Notice of Change in Director or Senior Executive Officer, and Interagency Biographical and Financial Report (FR 2081a, b, and c; OMB No. 7100-0134).
Full Text
<html>
<head>
<title>Federal Register, Volume 89 Issue 19 (Monday, January 29, 2024)</title>
</head>
<body><pre>
[Federal Register Volume 89, Number 19 (Monday, January 29, 2024)]
[Notices]
[Pages 5540-5542]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-01645]
-----------------------------------------------------------------------
FEDERAL RESERVE SYSTEM
Proposed Agency Information Collection Activities; Comment
Request
AGENCY: Board of Governors of the Federal Reserve System.
ACTION: Notice, request for comment.
-----------------------------------------------------------------------
[[Page 5541]]
SUMMARY: The Board of Governors of the Federal Reserve System (Board)
invites comment on a proposal to extend for three years, without
revision, the Interagency Notice of Change in Control, Interagency
Notice of Change in Director or Senior Executive Officer, and
Interagency Biographical and Financial Report (FR 2081a, b, and c; OMB
No. 7100-0134).
DATES: Comments must be submitted on or before March 29, 2024.
ADDRESSES: You may submit comments, identified by FR 2081a, FR 2081b,
or FR 2081c 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#ccbea9abbfe2afa3a1a1a9a2b8bf8caaa9a8a9beada0bea9bfa9bebaa9e2aba3ba"><span class="__cf_email__" data-cfemail="ff8d9a988cd19c9092929a918b8cbf999a9b9a8d9e938d9a8c9a8d899ad1989089">[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
<a href="https://www.federalreserve.gov/apps/foia/proposedregs.aspx">https://www.federalreserve.gov/apps/foia/proposedregs.aspx</a> 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#107e6578713e757c7d71777862717279507662723e777f66"><span class="__cf_email__" data-cfemail="f698839e97d8939a9b97919e8497949fb6908494d8919980">[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
collections, which are being reviewed under authority delegated by the
OMB under the PRA. Comments are invited on the following:
a. Whether the proposed collections of information are 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 collections, 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 Collections
Collection title: Interagency Notice of Change in Control.
Collection identifier: FR 2081a.
OMB control number: 7100-0134.
General description of collection: The FR 2081a must be submitted
in connection with the acquisition or, in certain circumstances, the
retention of control of a state member bank (SMB), savings and loan
holding company (SLHC), or bank holding company (BHC) (or group of BHCs
or SLHCs) by an individual, a group of individuals, a company, or a
group of companies that would not be BHCs or SLHCs after consummation
of the proposed transaction. The notice must be submitted to the
appropriate Reserve Bank. The notice must include a description of the
proposed transaction, the purchase price and funding source, the
personal and financial information of the proposed acquirer(s), and any
proposed new management.
Frequency: Event-generated.
Respondents: SMBs, BHCs, SLHCs, and associated individuals.
Total estimated number of respondents: 153.
Estimated average hours per response: Reporting, 17; Disclosure, 1.
Total estimated annual burden hours: 2,754.
Collection title: Interagency Notice of Change in Director or
Senior Executive Officer.
Collection identifier: FR 2081b.
OMB control number: 7100-0134.
General description of collection: The FR 2081b is used, under
certain circumstances, to notify the appropriate Reserve Bank of a
proposed change to an institution's board of directors or senior
executive officers. The notice must be filed if the institution is not
in compliance with all minimum capital requirements, is in troubled
condition, or is otherwise required by the Board to provide such
notice. The reporting form may be filed by the relevant SMB, SLHC, or
BHC, or by the affected individual.
Frequency: Event-generated.
Respondents: SMBs, BHCs, SLHCs, and associated individuals.
Total estimated number of respondents: 112.
Estimated average hours per response: 2.
[[Page 5542]]
Total estimated annual burden hours: 224.
Collection title: Interagency Biographical and Financial Report.
Collection identifier: FR 2081c.
OMB control number: 7100-0134.
General description of collection: The FR 2081c is used by certain
shareholders, directors, and executive officers in connection with the
FR 2081a, FR 2081b, as well as applications for BHC and SLHC
formations, acquisitions, and mergers, among other filings. Information
requested on this reporting form is subject to verification and must be
complete. As with all the notices and reporting forms, requests for
clarification or supplementation of the original filing may be
necessary. The FR 2081c requests the following information: (1) certain
biographical information, such as personal information, employment
records, education and professional credentials, and business and
banking affiliations; (2) certain legal and related information; and
(3) a financial report on the notificant, including a balance sheet, a
cash flow statement, and various supporting schedules.
Frequency: Event-generated.
Respondents: SMBs, BHCs, SLHCs, and associated individuals.
Total estimated number of respondents: 906.
Estimated average hours per response: 5.
Total estimated annual burden hours: 4,530.\1\
---------------------------------------------------------------------------
\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 2081a, FR 2081b, or FR 2081c.
Board of Governors of the Federal Reserve System, January 23,
2024.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2024-01645 Filed 1-26-24; 8:45 am]
BILLING CODE 6210-01-P
</pre><script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script></body>
</html>Indexed from Federal Register on January 29, 2024.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.