84328 Federal Register / Vol. 88, No. 232 / Tuesday, December 5, 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 Y–12 and FR Y–12A. 

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. Boardapproved 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 https://www.reginfo.gov/public/do/ 

PRAMain. These documents are also 

available on the Federal Reserve 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 Approval Under OMB Delegated 

Authority of the Extension for Three 

Years, With Revision, of the Following 

Information Collection 

Collection title: Consolidated Holding 

Company Report of Equity Investments 

in Nonfinancial Companies and the 

Annual Report of Merchant Banking 

Investments Held for an Extended 

Period. 

Collection identifier: FR Y–12, FR Y– 

12A. 

OMB control number: 7100–0300. 

Effective Date: December 31, 2023. 

General description of collection: The 

FR Y–12 report collects information 

from certain holding companies on their 

equity investments in nonfinancial 

companies. The FR Y–12A report 

collects information from certain 

financial holding companies (FHCs) on 

merchant banking investments that they 

have held for longer than 8 years (or 13 

years in the case of investments held 

through a qualifying private equity 

fund). The Board uses the FR Y–12 

report to monitor the growth in equity 

investments in nonfinancial companies 

and their contributions to capital, 

profitability, risk, and volatility. The 

Board uses the FR Y–12A report to 

monitor investments that are 

approaching the end of their applicable 

holding periods. 

Frequency: Quarterly, semiannually, 

annually. 

Respondents: Bank holding 

companies, savings and loan holding 

companies, U.S. intermediate holding 

companies, and certain FHCs. 

Total estimated number of 

respondents: 31. 

Total estimated change in burden: 66. 

Total estimated annual burden hours: 

2,021. 1

Current actions: On July 19, 2023, the 

Board published a notice in the Federal 

Register (88 FR 46161) requesting 

public comment for 60 days on the 

extension, with revision, of the FR Y– 

12 and FR Y–12A. The Board proposed 

to revise the FR Y–12 and FR Y–12A 

instructions by clarifying when 

respondents should submit their reports 

when the submission deadline falls on 

a weekend or holiday, modifying and 

clarifying recordkeeping requirements, 

clarifying the reported amount of a 

firm’s aggregate nonfinancial equity 

investment, clarifying which columns 

are applicable to certain FR Y–12 

schedules, and aligning the two reports’ 

submission deadlines. The comment 

period for this notice expired on 

September 18, 2023. The Board did not 

receive any comments. The revisions 

will be implemented as originally 

proposed. 

Board of Governors of the Federal Reserve 

System, November 29, 2023. 

Michele Taylor Fennell, 

Deputy Associate Secretary of the Board. 

[FR Doc. 2023–26583 Filed 12–4–23; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL RESERVE SYSTEM 

Formations of, Acquisitions by, and 

Mergers of Bank Holding Companies 

The companies listed in this notice 

have applied to the Board for approval, 

pursuant to the Bank Holding Company 

Act of 1956 (12 U.S.C. 1841 et seq.) 

(BHC Act), Regulation Y (12 CFR part 

225), and all other applicable statutes 

and regulations to become a bank 

holding company and/or to acquire the 

assets or the ownership of, control of, or 

the power to vote shares of a bank or 

bank holding company and all of the 

banks and nonbanking companies 

owned by the bank holding company, 

including the companies listed below. 

The public portions of the 

applications listed below, as well as 

other related filings required by the 

Board, if any, are available for 

immediate inspection at the Federal 

Reserve Bank(s) indicated below and at 

the offices of the Board of Governors. 

This information may also be obtained 

on an expedited basis, upon request, by 

contacting the appropriate Federal 

Reserve Bank and from the Board’s 

Freedom of Information Office at 

https://www.federalreserve.gov/foia/ 

request.htm. Interested persons may 

express their views in writing on the 

standards enumerated in the BHC Act 

(12 U.S.C. 1842(c)). 

Comments regarding each of these 

applications must be received at the 

Reserve Bank indicated or the offices of 

the Board of Governors, Ann E. 

Misback, Secretary of the Board, 20th 

Street and Constitution Avenue NW, 

Washington DC 20551–0001, not later 

than January 4, 2024. 

A. Federal Reserve Bank of Kansas 

City (Jeffrey Imgarten, Assistant Vice 

President) 1 Memorial Drive, Kansas 

City, Missouri 64198–0001. Comments 

can also be sent electronically to 

KCApplicationComments@kc.frb.org: 

1. Firstar Financial Corp., Muskogee, 

Oklahoma; to merge with Stigler 

Bancorporation, Inc., and thereby 

indirectly acquire The First National 

Bank of Stigler, both of Stigler, 

Oklahoma. 

Board of Governors of the Federal Reserve 

System. 

Michele Taylor Fennell, 

Deputy Associate Secretary of the Board. 

[FR Doc. 2023–26688 Filed 12–4–23; 8:45 am] 

BILLING CODE 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, with revision, the 

Reporting, Recordkeeping, and 

Disclosure Requirements Associated 

with Regulation WW (FR WW; OMB No. 

7100–0367). 

DATES: Comments must be submitted on 

or before February 5, 2024. 

ADDRESSES: You may submit comments, 

identified by FR WW, 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. 


khammond on DSKJM1Z7X2PROD with NOTICES
Federal Register / Vol. 88, No. 232 / Tuesday, December 5, 2023 / Notices 84329 

• 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/reporting

forms/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://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: Reporting, 

Recordkeeping, and Disclosure 

Requirements Associated with 

Regulation WW. 

Collection identifier: FR WW. 

OMB control number: 7100–0367. 

General description of collection: The 

Board, Federal Deposit Insurance 

Corporation (FDIC), and Office of the 

Comptroller of the Currency (OCC) 

(collectively, the agencies) implemented 

a liquidity coverage ratio (LCR) 

requirement and a net stable funding 

ratio (NSFR) requirement, consistent 

with the international liquidity 

standards published by the Basel 

Committee on Banking Supervision 

(BCBS), for large and internationally 

active banking organizations. For the 

Board, these standards are implemented 

through Regulation WW—Liquidity Risk 

Measurement, Standards, and 

Monitoring (12 CFR part 249). The 

NSFR and LCR requirements in 

Regulation WW apply to certain large 

state member banks, covered depository 

institution holding companies, and U.S. 

intermediate holding companies of 

foreign banking organizations, as well as 

covered nonbank companies (together, 

covered companies). The reporting, 

recordkeeping, and disclosure 

requirements contained in FR WW are 

used to monitor covered companies’ 

compliance with the LCR and NSFR. 

Proposed revisions: The Board 

proposes to revise the FR WW 

information collection to account for 

three recordkeeping requirements in 

Regulation WW, contained in sections 

249.4(a), 249.22(a)(1), and (a)(4), which 

had not been previously cleared by the 

Board under the PRA. Section 249.4(a) 

requires covered companies to produce 

and maintain certain records that 

document the compliance of their 

qualifying master netting agreement 

with the requirements of section 249.3, 

and that establish and document 

procedures for ensuring that these 

agreements remain compliant with the 

requirement of the regulation. In 

addition, section 249.22(a)(1) requires 

covered companies to demonstrate their 

capacity to monetize high-quality liquid 

assets (HQLA) by implementing and 

maintaining procedures and systems to 

monetize any HQLA in accordance with 

certain parameters. Moreover, section 

249.22(a)(4) requires that the covered 

company implement and maintain 

policies and procedures that determine 

the composition of its eligible HQLA on 

each calculation date according to 

certain required steps. 

The Board is also utilizing a standard 

burden calculation methodology for the 

estimated hours per response, which 

caused a net reduction in total burden 

even though there are three additional 

recordkeeping requirements now being 

accounted for. 

Frequency: The reporting 

requirements of the FR WW information 

collection are submitted on an eventgenerated basis. The recordkeeping 

requirements of the FR WW information 

collection are both event-generated and 

ongoing. The disclosure requirements of 

the FR WW information collection must 

be met on a quarterly basis (relating to 

the LCR) as well as every second and 

fourth calendar quarter (relating to the 

NSFR) and must remain publicly 


khammond on DSKJM1Z7X2PROD with NOTICES
84330 Federal Register / Vol. 88, No. 232 / Tuesday, December 5, 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 WW. 1 42 U.S.C. 6294. 

2The following numbers reflect estimates of the 

basic models in the market and test burdens based 

on information collected by the Department of 

Energy or other sources. The actual basic model 

numbers will vary from year to year. 

available for at least five years after the 

initial disclosure date. 

Respondents: The FR WW panel 

comprises covered companies, as 

defined above. Certain requirements 

apply only to covered holding and 

nonbank companies. 

Total estimated number of 

respondents: 21. 

Total estimated change in burden: 

(446). 

Total estimated annual burden hours: 

2,483.1

Board of Governors of the Federal Reserve 

System, November 29, 2023. 

Michele Taylor Fennell, 

Deputy Associate Secretary of the Board. 

[FR Doc. 2023–26584 Filed 12–4–23; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL TRADE COMMISSION 

Agency Information Collection 

Activities; Proposed Collection; 

Comment Request; Extension 

AGENCY: Federal Trade Commission. 

ACTION: Notice. 

SUMMARY: In accordance with the 

Paperwork Reduction Act of 1995 

(‘‘PRA’’), the Federal Trade Commission 

(‘‘FTC’’ or ‘‘Commission’’) is seeking 

public comment on its proposal to 

extend for an additional three years the 

clearance from the Office of 

Management and Budget (‘‘OMB’’) for 

information collection requirements in 

the Energy Labeling Rule (‘‘Rule’’). That 

clearance expires on February 29, 2024. 

DATES: Comments must be filed by 

February 5, 2024. 

ADDRESSES: Interested parties may file a 

comment online or on paper, by 

following the instructions in the 

Request for Comment part of the 

SUPPLEMENTARY INFORMATION section 

below. Write ‘‘Energy Labeling Rule, 

PRA Comment, P145403,’’ on your 

comment, and file your comment online 

at https://www.regulations.gov by 

following the instructions on the webbased form. If you prefer to file your 

comment on paper, mail your comment 

to the following address: Federal Trade 

Commission, Office of the Secretary, 

600 Pennsylvania Avenue NW, Suite 

CC–5610 (Annex J), Washington, DC 

20580. 

FOR FURTHER INFORMATION CONTACT: 

Hampton Newsome, Attorney, Division 

of Enforcement, Bureau of Consumer 

Protection, Federal Trade Commission, 

hnewsome@ftc.gov, (202) 326–2889. 

SUPPLEMENTARY INFORMATION: 

Title of Collection: Energy Labeling 

Rule (Rule), 16 CFR part 305. 

OMB Control Number: 3084–0069. 

Type of Review: Extension without 

change of currently approved collection. 

Affected Public: Private Sector: 

Businesses and other for-profit entities. 

Estimated Annual Burden Hours: 

821,651. 

Estimated Annual Labor Costs: 

24,690,012. 

Estimated Annual Non-labor Costs: 

$3,000,000. 

Abstract: The Energy Labeling Rule 

implements the Energy Policy and 

Conservation Act of 1975 (‘‘EPCA’’).1

The Rule establishes testing, reporting, 

recordkeeping, and labeling 

requirements for manufacturers of major 

household products (refrigerators, 

refrigerator-freezers, and freezers; 

dishwashers; clothes washers; water 

heaters; room air conditioners; furnaces; 

central air conditioners; heat pumps; 

pool heaters; fluorescent lamp ballasts; 

lamp products; plumbing fittings; 

plumbing fixtures; ceiling fans; 

consumer specialty lamps; and 

televisions). The requirements relate 

specifically to the disclosure of 

information relating to energy 

consumption and water usage. The 

Rule’s testing and disclosure 

requirements enable consumers 

purchasing products to compare the 

efficiency or energy use of competing 

models. In addition, EPCA and the Rule 

require manufacturers to submit 

relevant data to the Commission 

regarding energy or water usage in 

connection with the products they 

manufacture. The Commission uses this 

data to compile ranges of comparability 

for covered appliances for publication 

in the Federal Register. These 

submissions, along with required 

records for testing data, may also be 

used in enforcement actions involving 

alleged misstatements on labels or in 

advertisements. 

As required by section 3506(c)(2)(A) 

of the PRA, 44 U.S.C. 3506(c)(2)(A), the 

FTC is providing this opportunity for 

public comment before requesting that 

OMB extend the existing clearance for 

the information collection requirements 

contained in the Rule. 

Burden Estimates 

Estimated annual hours burden: 

821,651. 

The estimated hours burden imposed 

by Section 324 of EPCA and the 

Commission’s Rule include burdens for 

testing (693,320 hours); reporting (2,646 

hours); recordkeeping (807 hours); 

labeling (112,272 hours); retail and 

online catalog disclosures (6,800 hours); 

and online label posting (5,806 hours). 

The total burden for these activities is 

821,651 hours (rounded to the nearest 

hour). 

The following estimates of the time 

needed to comply with the requirements 

of the Rule are based on census data, 

Department of Energy figures and 

estimates, general knowledge of 

manufacturing practices, and industry 

input and figures. Because the 

compliance burden falls almost entirely 

on manufacturers and importers (with a 

de minimis burden for retailers), burden 

estimates are calculated on the basis of 

the number of domestic manufacturers 

and/or the number of units shipped 

domestically in the various product 

categories. 

A. Testing 

Under the Rule, manufacturers of 

covered products must test each basic 

model they produce to determine energy 

usage (or, in the case of plumbing 

fixtures, water consumption). The 

burden imposed by this requirement is 

determined by the number of basic 

models produced, the average number 

of units tested per model, and the time 

required to conduct the applicable test. 

Manufacturers need not subject each 

basic model to testing annually; they 

must retest only if the product design 

changes in such a way as to affect 

energy consumption. The staff estimates 

that the proportion of models tested 

each year ranges roughly between 10% 

and 50% and that the actual percentage 

of basic models tested varies by 

appliance category. In addition, the 

majority of tests conducted are required 

by Department of Energy requirements; 

therefore, it is likely that only a small 

portion of the tests conducted is 

attributable to the Rule’s requirements. 

Accordingly, the burden estimates are 

based on the assumption that 25% of all 

basic models are tested annually due to 

the Rule’s requirements. Thus, the 

estimated testing burden for the various 

categories of products covered by the 

Rule is as follows: 2


khammond on DSKJM1Z7X2PROD with NOTICES