Notice2024-12557
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
June 7, 2024
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 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
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<title>Federal Register, Volume 89 Issue 111 (Friday, June 7, 2024)</title>
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[Federal Register Volume 89, Number 111 (Friday, June 7, 2024)]
[Notices]
[Pages 48642-48643]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-12557]
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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
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).
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#513f2439307f343d3c30363923303338113723337f363e27"><span class="__cf_email__" data-cfemail="d1bfa4b9b0ffb4bdbcb0b6b9a3b0b3b891b7a3b3ffb6bea7">[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 Collections
Collection title: Interagency Notice of Change in Control.
Collection identifier: FR 2081a.
OMB control number: 7100-0134.
[[Page 48643]]
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 and 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.
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
requests for clarification or supplementation 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.
Current actions: On January 29, 2024, the Board published a notice
in the Federal Register (89 FR 5540) requesting public comment for 60
days on the extension, without revision, of the FR 2081a, b, and c. The
comment period for this notice expired on March 29, 2024. The Board did
not receive any comments.
Board of Governors of the Federal Reserve System, June 4, 2024.
Benjamin W. McDonough,
Deputy Secretary and Ombuds of the Board.
[FR Doc. 2024-12557 Filed 6-6-24; 8:45 am]
BILLING CODE 6210-01-P
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