89692 Federal Register / Vol. 88, No. 248 / Thursday, December 28, 2023 / Notices 

1 83 FR 38460 (August 6, 2018). See also 84 FR 

59032 (November 1, 2019) (finalizing the SCCL rule 

for Savings and Loan Holding Companies). 

2See 12 CFR part 252, subparts H and Q. 

3See 12 CFR part 238, subpart Q. 

4More 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 2590. 

Final Approval Under OMB Delegated 

Authority of the Extension for Three 

Years, With Revision, of the Following 

Information Collection 

Collection title: Single-Counterparty 

Credit Limits. 

Collection identifier: FR 2590. 

OMB control number: 7100–0377. 

Effective Date: June 30, 2024. 

General description of collection: The 

FR 2590 was implemented in 

connection with the Board’s singlecounterparty credit limits rule (SCCL 

rule),1 codified in the Board’s 

Regulation YY—Enhanced Prudential 

Standards (12 CFR part 252) 2 and the 

Board’s Regulation LL—Savings and 

Loan Holding Companies (12 CFR part 

238).3

The information collected by the FR 

2590 reporting form allows the Board to 

monitor a covered company’s or a 

covered foreign entity’s compliance 

with the SCCL rule. In addition to the 

reporting form, the FR 2590 information 

collection incorporates notice 

requirements pertaining to requests that 

may be made by a covered company or 

covered foreign entity to request 

temporary relief from specific 

requirements of the SCCL rule, as well 

as a requirement that filers of the FR 

2590 reporting form retain an exact copy 

of each completed FR 2590. 

Frequency: Quarterly, eventgenerated. 

Respondents: Covered company or 

covered foreign entity. A covered 

company is any U.S. bank holding 

company that is subject to Category I, II, 

or III standards or any savings and loan 

holding company that is subject to 

Category II or III standards. A covered 

foreign entity is a foreign banking 

organization (FBO) that is subject to 

Category II or III standards or that has 

total global consolidated assets of $250 

billion or more, and any U.S. 

intermediate holding company that is 

subject to Category II or III standards. 

Total estimated number of 

respondents: 83. 

Estimated average hours per response: 

Reporting FR 2590 Form: 170.56. 

Reporting Requests for temporary 

relief: 10. 

Recordkeeping: 0.25. 

Total estimated change in burden: 0. 

Total estimated annual burden hours: 

56,719.4

Current actions: On September 11, 

2023, the Board published a notice in 

the Federal Register (88 FR 62364) 

requesting public comment for 60 days 

on the extension, with revision, of the 

FR 2590. The Board proposed to revise 

the FR 2590 reporting form to clarify 

that an FBO that meets the large 

exposure standards on a consolidated 

basis established by its home-country 

supervisor is not required to provide 

additional documentation as part of its 

FR 2590 submission. The Board also 

proposed to clarify that a respondent 

should use tier 1 capital data and total 

consolidated assets data that is 

concurrent with its FR 2590 submission 

when calculating and reporting 

compliance with the SCCL rule. The 

Board also proposed to clarify that 

respondents should retain manually 

signed and attested copies of the cover 

page of the FR 2590 form and of the data 

submitted for three years, in accordance 

with similar requirements for other 

regulatory reports. The Board also 

proposed to clarify that the order of 

counterparties should be the same 

across Schedules G–1 through G–4, 

Schedules M–1 through M–2, and the 

Summary of Net Credit Exposures. 

Finally, the Board proposed to revise 

Schedule M–1 by adding an additional 

table for firms calculating derivative 

transaction exposures using the 

standardized approach for counterparty 

credit risk to report collateral received 

in connection with those derivative 

transactions. The comment period for 

this notice expired on November 13, 

2023. The Board did not receive any 

comments relevant to the revision of 

this collection or to the PRA. The 

revisions will be implemented as 

proposed. 

Board of Governors of the Federal Reserve 

System, December 22, 2023. 

Michele Taylor Fennell, 

Deputy Associate Secretary of the Board. 

[FR Doc. 2023–28683 Filed 12–27–23; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL RESERVE SYSTEM 

Change in Bank Control Notices; 

Acquisitions of Shares of a Bank or 

Bank Holding Company 

The notificants listed below have 

applied under the Change in Bank 

Control Act (Act) (12 U.S.C. 1817(j)) and 

§ 225.41 of the Board’s Regulation Y (12 

CFR 225.41) to acquire shares of a bank 

or bank holding company. The factors 

that are considered in acting on the 

applications are set forth in paragraph 7 

of the Act (12 U.S.C. 1817(j)(7)). 

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 paragraph 7 of 

the Act. 

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 12, 2024. 

A. Federal Reserve Bank of St. Louis 

(Holly A. Rieser, Senior Manager) P.O. 

Box 442, St. Louis, Missouri 63166– 

2034. Comments can also be sent 

electronically to 

Comments.applications@stls.frb.org: 

1. Christy Jones, Kevin Jones, and the 

Franklin D. & Donna L. Lewis Trust dtd 

06/21/2004, Franklin D. Lewis and 

Donna L. Lewis as co-trustees, all of 

Marshfield, Missouri; Nathan Lewis, 

Liberty, Missouri; Thomas Lewis, 

Wentzville, Missouri; William R. Lewis, 

and Sue Ann Lewis, both of Lebanon, 

Missouri; as a group acting in concert, 

to retain voting shares of Cornerstone 

Bancshares, Inc., and thereby indirectly 

retain voting shares of Heritage Bank of 

the Ozarks, both of Lebanon, Missouri. 

Board of Governors of the Federal 

Reserve System. 

Michele Taylor Fennell, 

Deputy Associate Secretary of the Board. 

[FR Doc. 2023–28666 Filed 12–27–23; 8:45 am] 

BILLING CODE P 

GENERAL SERVICES 

ADMINISTRATION 

[Notice–MRB–2023–07; Docket No. 2023– 

0002; Sequence No. 47] 

GSA Acquisition Policy Federal 

Advisory Committee; Notification of 

Upcoming Web-Based Public Meeting 

AGENCY: Office of Government-wide 

Policy (OGP), General Services 

Administration (GSA). 


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