[Federal Register Volume 89, Number 19 (Monday, January 29, 2024)]
[Notices]
[Pages 5540-5542]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-01645]


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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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[[Page 5541]]

SUMMARY: The Board of Governors of the Federal Reserve System (Board) 
invites comment on a proposal to extend for three years, without 
revision, the Interagency Notice of Change in Control, Interagency 
Notice of Change in Director or Senior Executive Officer, and 
Interagency Biographical and Financial Report (FR 2081a, b, and c; OMB 
No. 7100-0134).

DATES: Comments must be submitted on or before March 29, 2024.

ADDRESSES: You may submit comments, identified by FR 2081a, FR 2081b, 
or FR 2081c 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#ccbea9abbfe2afa3a1a1a9a2b8bf8caaa9a8a9beada0bea9bfa9bebaa9e2aba3ba"><span class="__cf_email__" data-cfemail="ff8d9a988cd19c9092929a918b8cbf999a9b9a8d9e938d9a8c9a8d899ad1989089">[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#107e6578713e757c7d71777862717279507662723e777f66"><span class="__cf_email__" data-cfemail="f698839e97d8939a9b97919e8497949fb6908494d8919980">[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://www.reginfo.gov/public/do/PRAMain, if approved.

Request for Comment on Information Collection Proposal

    The Board invites public comment on the following information 
collections, which are being reviewed under authority delegated by the 
OMB under the PRA. Comments are invited on the following:
    a. Whether the proposed collections of information are 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 collections, 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, 
Without Revision, the Following Information Collections

    Collection title: Interagency Notice of Change in Control.
    Collection identifier: FR 2081a.
    OMB control number: 7100-0134.
    General description of collection: The FR 2081a must be submitted 
in connection with the acquisition or, in certain circumstances, the 
retention of control of a state member bank (SMB), savings and loan 
holding company (SLHC), or bank holding company (BHC) (or group of BHCs 
or SLHCs) by an individual, a group of individuals, a company, or a 
group of companies that would not be BHCs or SLHCs after consummation 
of the proposed transaction. The notice must be submitted to the 
appropriate Reserve Bank. The notice must include a description of the 
proposed transaction, the purchase price and funding source, the 
personal and financial information of the proposed acquirer(s), and any 
proposed new management.
    Frequency: Event-generated.
    Respondents: SMBs, BHCs, SLHCs, and associated individuals.
    Total estimated number of respondents: 153.
    Estimated average hours per response: Reporting, 17; Disclosure, 1.
    Total estimated annual burden hours: 2,754.

    Collection title: Interagency Notice of Change in Director or 
Senior Executive Officer.
    Collection identifier: FR 2081b.
    OMB control number: 7100-0134.
    General description of collection: The FR 2081b is used, under 
certain circumstances, to notify the appropriate Reserve Bank of a 
proposed change to an institution's board of directors or senior 
executive officers. The notice must be filed if the institution is not 
in compliance with all minimum capital requirements, is in troubled 
condition, or is otherwise required by the Board to provide such 
notice. The reporting form may be filed by the relevant SMB, SLHC, or 
BHC, or by the affected individual.
    Frequency: Event-generated.
    Respondents: SMBs, BHCs, SLHCs, and associated individuals.
    Total estimated number of respondents: 112.
    Estimated average hours per response: 2.

[[Page 5542]]

    Total estimated annual burden hours: 224.

    Collection title: Interagency Biographical and Financial Report.
    Collection identifier: FR 2081c.
    OMB control number: 7100-0134.
    General description of collection: The FR 2081c is used by certain 
shareholders, directors, and executive officers in connection with the 
FR 2081a, FR 2081b, as well as applications for BHC and SLHC 
formations, acquisitions, and mergers, among other filings. Information 
requested on this reporting form is subject to verification and must be 
complete. As with all the notices and reporting forms, requests for 
clarification or supplementation of the original filing may be 
necessary. The FR 2081c requests the following information: (1) certain 
biographical information, such as personal information, employment 
records, education and professional credentials, and business and 
banking affiliations; (2) certain legal and related information; and 
(3) a financial report on the notificant, including a balance sheet, a 
cash flow statement, and various supporting schedules.
    Frequency: Event-generated.
    Respondents: SMBs, BHCs, SLHCs, and associated individuals.
    Total estimated number of respondents: 906.
    Estimated average hours per response: 5.
    Total estimated annual burden hours: 4,530.\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 2081a, FR 2081b, or FR 2081c.

    Board of Governors of the Federal Reserve System, January 23, 
2024.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2024-01645 Filed 1-26-24; 8:45 am]
BILLING CODE 6210-01-P


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