Federal Register / Vol. 89, No. 189 / Monday, September 30, 2024 / Notices 79591 

supervisory information, in order to 

determine if they have any conflict of 

interests. The 1400E has four main 

sections: Financial Interests, Outside 

Employment or Consulting in Banking 

or Economic Industries, Work with 

Foreign Governments, and Relatives in 

Related Businesses. Applicants are 

asked to list assets that they, their 

spouse, or their minor children hold 

that might be conflicts of interest. The 

potential contractor is also asked to list 

any outside employment that is relevant 

to the Board, including any employment 

for or with a foreign government, within 

the past three years. Lastly, the 

applicant is asked to specify any 

position their spouse, child, parent, or 

sibling currently holds at a financial 

institution (such as a bank, bank 

holding company, savings and loan 

holding company, thrift or savings and 

loan association, or affiliate of any such 

entity; consulting or law firm advising 

financial institutions; economic 

forecasting or consulting firm; or a 

vendor/contractor) that works with the 

Federal Reserve System. 

Frequency: FR 1400A/FR 1400B/FR 

1400C, event-generated; FR 1400D, 

semiannual. 

Respondents: Businesses and 

individuals. 

Total estimated number of 

respondents: 550. 

Estimated average hours per response: 

FR 1400A, 0.67; FR 1400B, 81; FR 

1400C, 7.6; FR 1400D, 0.7; FR 1400E, 

0.45. 

Total estimated change in burden: 27 

hours. 

Total estimated annual burden hours: 

24,979. 

Board of Governors of the Federal Reserve 

System, September 25, 2024. 

Benjamin W. McDonough, 

Deputy Secretary and Ombuds of the Board. 

[FR Doc. 2024–22322 Filed 9–27–24; 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, without revision, the Interagency 

Guidance on Managing Compliance and 

Reputation Risks for Reverse Mortgage 

Products (FR 4029; OMB No. 7100– 

0330). 

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.federalreserve.gov/apps/ 

reportingforms/home/review or may be 

requested from the agency clearance 

officer, whose name appears above. On 

the page displayed at the link above, 

you can find the supporting information 

by referencing the collection identifier, 

FR 4029. 

Final Approval Under OMB Delegated 

Authority of the Extension for Three 

Years, Without Revision, of the 

Following Information Collection 

Collection title: Interagency Guidance 

on Managing Compliance and 

Reputation Risks for Reverse Mortgage 

Products. 

Collection identifier: FR 4029. 

OMB control number: 7100–0330. 

General description of collection: In 

August 2010, the Federal Financial 

Institutions Examination Council FFIEC, 

on behalf of its member agencies, 

published a Federal Register notice 

adopting supervisory guidance titled 

‘‘Reverse Mortgage Products: Guidance 

for Managing Compliance and 

Reputation Risks.’’ The guidance is 

designed to assist financial institutions 

with risk management and efforts to 

ensure that their reverse mortgage 

lending practices adequately address 

consumer compliance and reputation 

risks. The reverse mortgage guidance 

discusses the disclosures and 

recordkeeping required by federal laws 

and regulations and also discusses 

consumer disclosures that financial 

institutions typically provide as a 

standard business practice. Certain 

portions of the guidance are information 

collections subject to PRA requirements 

and are what are included in the FR 

4029. 

Frequency: Event-generated. 

Respondents: State member banks, 

Edge and Agreement corporations, bank 

holding companies, savings and loan 

holding companies, foreign banking 

organizations, and branches and 

agencies of foreign banks. 

Total estimated number of 

respondents: 5. 

Total estimated annual burden hours: 

72. 

Current actions: On March 29, 2024, 

the Board published a notice in the 

Federal Register (89 FR 22148) 

requesting public comment for 60 days 

on the extension, without revision, of 

the FR 4029. The comment period for 

this notice expired on May 28, 2024. 

The Board did not receive any 

comments. 

Board of Governors of the Federal Reserve 

System, September 25, 2024. 

Benjamin W. McDonough, 

Deputy Secretary and Ombuds of the Board. 

[FR Doc. 2024–22325 Filed 9–27–24; 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 


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