66844 Federal Register / Vol. 88, No. 187 / Thursday, September 28, 2023 / Notices 

1More detailed information regarding this 

collection, including more detailed burden 

estimates, can be found in the OMB Supporting 

Statement posted at https://www.federalreserve.gov/ 

apps/reportingforms/home/review. On the page 

displayed at the link, you can find the OMB 

Supporting Statement by referencing the collection 

identifier, FR O. 

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, 

With Revision, the Following 

Information Collection 

Collection title: Recordkeeping and 

Disclosure Requirements Associated 

with Regulation O. 

Collection identifier: FR O. 

OMB control number: 7100–0382. 

General description of collection: The 

Board’s Regulation O—Loans to 

Executive Officers, Directors, and 

Principal Shareholders of Member 

Banks (12 CFR part 215) governs any 

extension of credit made by a member 

bank to an executive officer, director, or 

principal shareholder of the member 

bank, of any company of which the 

member bank is a subsidiary, and of any 

other subsidiary of that company. 

Regulation O prohibits extensions of 

credit to insiders unless they are made 

on substantially the same terms 

(including interest rates and collateral) 

as those prevailing at the time for 

comparable transactions by the bank 

with other persons who are not 

employed by the bank and do not 

involve more than the normal risk of 

repayment or present other unfavorable 

features. In addition, Regulation O 

limits extensions of credit by a member 

bank to individual insiders and to all 

insiders, requires a member bank’s 

board of directors to approve certain 

large extensions of credit, and sets forth 

recordkeeping and disclosure 

requirements. 

Proposed revisions: The FR O 

Paperwork Reduction Act (PRA) 

clearance currently only lists member 

banks as respondents. The Board 

proposes to revise the FR O PRA 

clearance to reflect that the information 

collections included in Regulation O, by 

operation of statute, apply in practice to 

all insured depository institutions, 

regardless of whether they are member 

banks. This revision would be solely an 

administrative law matter, and would 

not actually impose new requirements 

on any institutions. While the proposed 

revision would not substantively 

increase burden for any institution, the 

administrative change would result in a 

larger reported burden of 21,932 hours. 

Frequency: Event-generated. 

Respondents: Insured depository 

institutions and uninsured member 

banks. 

Total estimated number of 

respondents: 6,099. 

Total estimated change in burden: 

12,512. 

Total estimated annual burden hours: 

21,932.1

Board of Governors of the Federal Reserve 

System, September 22, 2023. 

Erin M. Cayce, 

Assistant Secretary of the Board. 

[FR Doc. 2023–21161 Filed 9–27–23; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL RESERVE SYSTEM 

Proposed Agency Information 

Collection Activities; Comment 

Request 

AGENCY: Board of Governors of the 

Federal Reserve System. 

ACTION: Notice, request for comment. 

SUMMARY: The Board of Governors of the 

Federal Reserve System (Board) invites 

comment on 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). 

DATES: Comments must be submitted on 

or before November 27, 2023. 

ADDRESSES: You may submit comments, 

identified by FR LL–12, by any of the 

following methods: 

• Agency Website: https://

www.federalreserve.gov/. Follow the 

instructions for submitting comments at 

https://www.federalreserve.gov/apps/ 

foia/proposedregs.aspx. 

• Email: regs.comments@

federalreserve.gov. Include the OMB 

number or FR number in the subject line 

of the message. 

• FAX: (202) 452–3819 or (202) 452– 

3102. 

• 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 https://

www.federalreserve.gov/apps/foia/

proposedregs.aspx 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, nuha.elmaghrabi@frb.gov, (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 https://

www.federalreserve.gov/apps/ 

reportingforms/home/review or may be 

requested from the agency clearance 

officer, whose name appears above. 

Final versions of these documents will 

be made available at https:// 


ddrumheller on DSK120RN23PROD with NOTICES1
Federal Register / Vol. 88, No. 187 / Thursday, September 28, 2023 / Notices 66845 

1More detailed information regarding this 

collection, including more detailed burden 

estimates, can be found in the OMB Supporting 

Statement posted at https://www.federalreserve.gov/ 

apps/reportingforms/home/review. On the page 

displayed at the link, you can find the OMB 

Supporting Statement by referencing the collection 

identifier, FR LL–12. 

www.reginfo.gov/public/do/PRAMain, if 

approved. 

Request for Comment on Information 

Collection Proposal 

The Board invites public comment on 

the following information collection, 

which is being reviewed under 

authority delegated by the OMB under 

the PRA. Comments are invited on the 

following: 

a. Whether the proposed collection of 

information is 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 collection, 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, 

With Revision, 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. 

General description of collection: The 

Federal Deposit Insurance (FDI) 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. 

Proposed revisions: The Board 

proposes 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. 

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

Board of Governors of the Federal Reserve 

System, September 22, 2023. 

Ann Misback, 

Secretary of the Board. 

[FR Doc. 2023–21152 Filed 9–27–23; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL RESERVE SYSTEM 

Proposed Agency Information 

Collection Activities; Comment 

Request 

AGENCY: Board of Governors of the 

Federal Reserve System. 

ACTION: Notice, request for comment. 

SUMMARY: The Board of Governors of the 

Federal Reserve System (Board) invites 

comment on a proposal to extend for 

three years, without revision, the 

Reporting, Recordkeeping, and 

Disclosure Provisions Associated with 

the Guidance on Response Programs for 

Unauthorized Access to Customer 

Information and Customer Notice (FR 

4100; OMB No. 7100–0309). 

DATES: Comments must be submitted on 

or before November 27, 2023. 

ADDRESSES: You may submit comments, 

identified by FR 4100, by any of the 

following methods: 

• Agency Website: https://

www.federalreserve.gov/. Follow the 

instructions for submitting comments at 

https://www.federalreserve.gov/apps/ 

foia/proposedregs.aspx. 

• Email: regs.comments@

federalreserve.gov. Include the OMB 

number or FR number in the subject line 

of the message. 

• FAX: (202) 452–3819 or (202) 452– 

3102. 

• 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 https://

www.federalreserve.gov/apps/foia/ 

proposedregs.aspx 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, nuha.elmaghrabi@frb.gov, (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. 


ddrumheller on DSK120RN23PROD with NOTICES1