[Federal Register Volume 88, Number 187 (Thursday, September 28, 2023)]
[Notices]
[Pages 66844-66845]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-21152]


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FEDERAL RESERVE SYSTEM


Proposed Agency Information Collection Activities; Comment 
Request

AGENCY: Board of Governors of the Federal Reserve System.

ACTION: Notice, request for comment.

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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:
    <bullet> Agency Website: https://www.federalreserve.gov/. Follow 
the instructions for submitting comments at https://www.federalreserve.gov/apps/foia/proposedregs.aspx.
    <bullet> Email: <a href="/cdn-cgi/l/email-protection#f587909286db969a9898909b8186b59390919087949987908690878390db929a83"><span class="__cf_email__" data-cfemail="d4a6b1b3a7fab7bbb9b9b1baa0a794b2b1b0b1a6b5b8a6b1a7b1a6a2b1fab3bba2">[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 
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, <a href="/cdn-cgi/l/email-protection#503e2538317e353c3d31373822313239103622327e373f26"><span class="__cf_email__" data-cfemail="7618031e1758131a1b17111e0417141f3610041458111900">[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 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://

[[Page 66845]]

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\
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    \1\ More 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.

    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


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