Federal Register / Vol. 89, No. 33 / Friday, February 16, 2024 / Notices 12339 

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 March 18, 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. Panhandle Bancshares, Inc., 

Guymon, Oklahoma; to merge with 

Spearman Bancshares, Inc., and 

indirectly acquire First National Bank, 

both of Spearman, Texas. 

Board of Governors of the Federal Reserve 

System. 

Michele Taylor Fennell, 

Deputy Associate Secretary of the Board. 

[FR Doc. 2024–03289 Filed 2–15–24; 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, without revision, the 

Recordkeeping Provisions Associated 

with Stress Testing Guidance (FR 4202; 

OMB No. 7100–0348). 

DATES: Comments must be submitted on 

or before April 16, 2024. 

ADDRESSES: You may submit comments, 

identified by FR 4202, 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.federal

reserve.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 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 


lotter on DSK11XQN23PROD with NOTICES1
12340 Federal Register / Vol. 89, No. 33 / Friday, February 16, 2024 / 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 4202. 

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. 

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 Collection 

Collection title: Recordkeeping 

Provisions Associated with Stress 

Testing Guidance. 

Collection identifier: FR 4202. 

OMB control number: 7100–0348. 

General description of collection: The 

Stress Testing Guidance was issued 

jointly by the Board, Federal Deposit 

Insurance Corporation, and Office of the 

Comptroller of the Currency on May 17, 

2012. The interagency guidance outlines 

high-level principles for stress testing 

practices applicable to all Boardsupervised banking organizations with 

more than $10 billion in total 

consolidated assets. 

Frequency: As needed. 

Respondents: Board-supervised 

banking organizations with more than 

$10 billion in total consolidated assets. 

These include state member banks, bank 

holding companies, and all other 

institutions for which the Board is the 

primary federal supervisor. 

Total estimated number of 

respondents: 135. 

Total estimated annual burden hours: 

13,920.1

Board of Governors of the Federal Reserve 

System, February 12, 2024. 

Michele Taylor Fennell, 

Deputy Associate Secretary of the Board. 

[FR Doc. 2024–03217 Filed 2–15–24; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL RESERVE SYSTEM 

Agency Information Collection 

Activities: Announcement of Board 

Approval Under Delegated Authority 

and Submission to OMB 

AGENCY: Board of Governors of the 

Federal Reserve System. 

SUMMARY: The Board of Governors of the 

Federal Reserve System (Board) is 

adopting a proposal to extend for three 

years, with revision, the Recordkeeping 

and Disclosure Requirements 

Associated with Regulation O (FR O; 

OMB No. 7100–0382). 

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. 

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. 

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.federal

reserve.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: Recordkeeping and 

Disclosure Requirements Associated 

with Regulation O. 

Collection identifier: FR O. 

OMB control number: 7100–0382. 

Date: March 18, 2024. 

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. 

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

Current actions: On September 28, 

2023, the Board published a notice in 

the Federal Register (88 FR 66843) 

requesting public comment for 60 days 

on the extension, with revision, of the 

FR O. The FR O PRA clearance 

currently only lists member banks as 

respondents. The Board proposed 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. 

The comment period for this notice 

expired on November 27, 2023. The 

Board did not receive any comments. 

The revisions will be implemented as 

proposed. 

Board of Governors of the Federal Reserve 

System, February 12, 2024. 

Michele Taylor Fennell, 

Deputy Associate Secretary of the Board. 

[FR Doc. 2024–03214 Filed 2–15–24; 8:45 am] 

BILLING CODE 6210–01–P 


lotter on DSK11XQN23PROD with NOTICES1