Federal Register / Vol. 89, No. 209 / Tuesday, October 29, 2024 / Notices 85971 

1. Katelyn Kae Olson, Adrian, 

Minnesota; to become co-trustee of First 

State Bank Southwest KSOP Plan and 

Trust, and thereby acquire control of 

First Rushmore Bancorporation, Inc., 

both of Worthington, Minnesota, and 

thereby indirectly acquire control of 

First State Bank Southwest, Pipestone, 

Minnesota. 

Board of Governors of the Federal Reserve 

System. 

Michele Taylor Fennell, 

Associate Secretary of the Board. 

[FR Doc. 2024–25118 Filed 10–28–24; 8:45 am] 

BILLING CODE 6210–01–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 the Guidance on Sound Incentive 

Compensation Policies (FR 4027; OMB 

No. 7100–0327). 

DATES: Comments must be submitted on 

or before December 30, 2024. 

ADDRESSES: You may submit comments, 

identified by FR 4027, 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.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 4027. 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, 

Without Revision the Following 

Information Collection 

Collection title: Recordkeeping 

Provisions Associated with the 

Guidance on Sound Incentive 

Compensation Policies. 

Collection identifier: FR 4027. 

OMB control number: 7100–0327. 

General description of collection: The 

interagency Guidance on Sound 

Incentive Compensation Policies (the 

Guidance) is intended to assist banking 

organizations in designing and 

implementing incentive compensation 

arrangements that do not encourage 

imprudent risk-taking and that are 

consistent with the safety and 

soundness of the organization. The 

Guidance contains voluntary 

recordkeeping activities. With respect to 

organizations regulated by the Board, 

the voluntary Guidance applies to U.S. 

bank holding companies, savings and 

loan holding companies, state member 

banks, Edge and agreement 

corporations, and the U.S. operations of 

foreign banks with a branch, agency, or 

commercial lending company 

subsidiary in the United States 

(collectively, banking organizations). 


khammond on DSKJM1Z7X2PROD with NOTICES
85972 Federal Register / Vol. 89, No. 209 / Tuesday, October 29, 2024 / Notices 

Frequency: As needed. 

Respondents: Banking organizations, 

as defined above. 

Total estimated number of 

respondents: 5,122. 

Total estimated annual burden hours: 

205,440. 

Board of Governors of the Federal Reserve 

System, October 23, 2024. 

Benjamin W. McDonough, 

Deputy Secretary and Ombuds of the Board. 

[FR Doc. 2024–25041 Filed 10–28–24; 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 

Recordkeeping and Disclosure 

Requirements Associated with CFPB’s 

Regulation Z (FR Z; OMB No. 7100– 

0199). 

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 Z. 

Final Approval under OMB Delegated 

Authority of the Extension for Three 

Years, Without Revision, of the 

Following Information Collection 

Collection title: Recordkeeping and 

Disclosure Requirements Associated 

with CFPB’s Regulation Z. 

Collection identifier: FR Z. 

OMB control number: 7100–0199. 

General description of collection: The 

Truth in Lending Act (TILA) and 

Regulation Z require creditors to 

provide consumers with disclosures 

about the costs, terms, and related 

information regarding a wide range of 

credit products for personal, family, or 

household purposes. Depending on the 

credit product, required disclosures 

include information that must be 

provided at the time of the consumer’s 

application for credit, at consummation 

(for closed-end credit) or accountopening (for open-end credit), and 

throughout the term of the loan. The 

TILA and Regulation Z also contain 

rules concerning recordkeeping and 

credit advertising. 

The FR Z is the Board’s information 

collection associated with the Consumer 

Financial Protection Bureau’s (CFPB’s) 

Regulation Z. FR Z is used to promote 

the informed use of credit by consumers 

for personal, family, or household 

purposes by requiring these disclosures 

about the terms and costs of these 

products, as well as ensuring that 

consumers are provided with timely 

information on the nature and costs of 

the residential real estate settlement 

process. 

Frequency: Event-generated. 

Respondents: State member banks 

with assets of $10 billion or less that are 

not affiliated with an insured depository 

institution with assets over $10 billion 

(irrespective of the consolidated assets 

of any holding company); nondepository affiliates of such state 

member banks; and non-depository 

affiliates of bank holding companies 

that are not affiliated with an insured 

depository institution with assets over 

$10 billion. 

Total estimated number of 

respondents: 3,695. 

Total estimated annual burden hours: 

387,079. 

Current actions: On June 7, 2024, the 

Board published a notice in the Federal 

Register (89 FR 48645) requesting 

public comment for 60 days on the 

extension, without revision, of the FR Z. 

The comment period for this notice 

expired on August 6, 2024. The Board 

did not receive any comments. 

Board of Governors of the Federal Reserve 

System, October 23, 2024. 

Benjamin W. McDonough, 

Deputy Secretary and Ombuds of the Board. 

[FR Doc. 2024–25039 Filed 10–28–24; 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 received are subject to 

public disclosure. In general, comments 

received will be made available without 

change and will not be modified to 

remove personal or business 

information including confidential, 

contact, or other identifying 

information. Comments should not 

include any information such as 

confidential information that would not 

be appropriate for public disclosure. 

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 November 29, 2024. 


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