Notice2024-16599
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
July 29, 2024
Effective
August 28, 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, with revision, the Application for a Foreign Organization to Acquire a U.S. Bank or Bank Holding Company (FR Y-3F; OMB No. 7100-0119).
Full Text
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<title>Federal Register, Volume 89 Issue 145 (Monday, July 29, 2024)</title>
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[Federal Register Volume 89, Number 145 (Monday, July 29, 2024)]
[Notices]
[Pages 60892-60893]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-16599]
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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
Application for a Foreign Organization to Acquire a U.S. Bank or Bank
Holding Company (FR Y-3F; OMB No. 7100-0119).
DATES: The revisions are effective as of August 28, 2024.
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#6b051e030a450e07060a0c03190a09022b0d1909450c041d"><span class="__cf_email__" data-cfemail="ef819a878ec18a83828e88879d8e8d86af899d8dc1888099">[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. On the page displayed at the link above, you can find the
supporting information by referencing the collection identifier, FR Y-
3F.
Final Approval Under OMB Delegated Authority of the Extension for Three
Years, With Revision, of the Following Information Collection
Collection title: Application for a Foreign Organization to Acquire
a U.S. Bank or Bank Holding Company.
Collection identifier: FR Y-3F.
OMB control number: 7100-0119.
General description of collection: Under the Bank Holding Company
Act of 1956, any company, including a company organized under the laws
of a foreign country, that seeks to acquire a U.S. bank or bank holding
company must receive approval from the Board prior to doing so. The
Federal Reserve uses the information collected by the FR Y-3F to
determine whether to approve an application for prior approval and,
subsequently, to carry out its supervisory responsibilities with
respect to the foreign banking organization's operations in the United
States.
Frequency: Event-generated.
Respondents: Any company organized under the laws of a foreign
country that seeks to acquire a U.S. bank or bank holding company.
Total estimated number of respondents: 1.
Total estimated change in burden: 0.
Total estimated annual burden hours: 92.
Current actions: On April 30, 2024, the Board published a notice in
the Federal Register (89 FR 34245) requesting public comment for 60
days on the extension, with revision, of the FR Y-3F. The Board
proposed to revise the FR Y-3F to add a question regarding the
integration of the target into the applicant; update or add certain
citations and references; remove the
[[Page 60893]]
sample publication from the instructions; and add a clarifying footnote
regarding the Interagency Biographical and Financial Reports. The
comment period for this notice expired on July 1, 2024. The Board did
not receive any comments. The revisions will be implemented as
proposed.
Board of Governors of the Federal Reserve System, July 24, 2024.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2024-16599 Filed 7-26-24; 8:45 am]
BILLING CODE 6210-01-P
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