Notice2024-16670
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 30, 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 International Applications and Prior Notifications under Subpart B of Regulation K (FR K-2; OMB No. 7100-0284).
Full Text
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<title>Federal Register, Volume 89 Issue 146 (Tuesday, July 30, 2024)</title>
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[Federal Register Volume 89, Number 146 (Tuesday, July 30, 2024)]
[Notices]
[Page 61116]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-16670]
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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
International Applications and Prior Notifications under Subpart B of
Regulation K (FR K-2; OMB No. 7100-0284).
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#49273c2128672c2524282e213b282b20092f3b2b672e263f"><span class="__cf_email__" data-cfemail="650b100d044b00090804020d1704070c250317074b020a13">[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 K-
2.
Final Approval Under OMB Delegated Authority of the Extension for Three
Years, Without Revision, of the Following Information Collection
Collection title: International Applications and Prior
Notifications under Subpart B of Regulation K.
Collection identifier: FR K-2.
OMB control number: 7100-0284.
General description of collection: Subpart B of Regulation K
implements the International Banking Act of 1978 (IBA). Under the IBA
foreign banks are required to obtain the prior approval of the Board to
establish a branch, agency, or representative office in the United
States; to establish or acquire ownership or control of a commercial
lending company in the United States; or to change the status of an
agency or limited branch to a branch in the United States. The Board's
FR K-2 information collection consists of attachments submitted in
connection with these prior approval applications and helps in
supervising foreign banks with offices in the United States.
Frequency: Event-generated.
Respondents: Foreign banks.
Total estimated number of respondents: 13.
Total estimated annual burden hours: 372.
Current actions: On March 29, 2024, the Board published a notice in
the Federal Register (89 FR 22149) requesting public comment for 60
days on the extension, without revision, of the FR K-2. The comment
period for this notice expired on May 28, 2024. The Board did not
receive any comments.
Board of Governors of the Federal Reserve System, July 24, 2024.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2024-16670 Filed 7-29-24; 8:45 am]
BILLING CODE 6210-01-P
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