Federal Register / Vol. 87, No. 33 / Thursday, February 17, 2022 / Notices 9053 

1 12 U.S.C. 1844(c). 

2 12 U.S.C. 1467a(b)(2). 

3 12 U.S.C. 3106(a). 

4 5 U.S.C. 552(b)(4). 

5 5 U.S.C. 552(b)(8). 

applications is procedural in nature, 

and therefore not subject to the notice 

and comment and effective date 

requirements of the Administrative 

Procedure Act. Moreover, the Bureaus 

found there is good cause for not 

delaying the effect of the extension until 

after publication of the Public Notice in 

the Federal Register since such a delay 

would be impractical, unnecessary, and 

contrary to the public interest because it 

would undercut the purposes of the 

extension. 

Federal Communications Commission. 

David Furth, 

Deputy Chief, Public Safety and Homeland 

Security Bureau. 

[FR Doc. 2022–03451 Filed 2–16–22; 8:45 am] 

BILLING CODE 6712–01–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 Holding 

Company Report of Insured Depository 

Institutions’ Section 23A Transactions 

with Affiliates (FR Y–8 OMB No. 7100– 

0126). 

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, Washington, DC 20551, (202) 

452–3829. 

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, 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/reportforms/ 

review.aspx 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, Without Revision, of the 

Following Information Collection 

Report title: Holding Company Report 

of Insured Depository Institutions’ 

Section 23A Transactions with 

Affiliates. 

Agency form number: FR Y–8. 

OMB control number: 7100–0126. 

Frequency: Quarterly. 

Respondents: U.S. top-tier bank 

holding companies (BHCs), intermediate 

holding companies (IHCs), and savings 

and loan holding companies (SLHCs); 

foreign banking organizations (FBOs) 

that directly own or control a U.S. 

subsidiary insured depository 

institution. 

Estimated number of respondents: 

Reporting, 692; recordkeeping, 692. 

Estimated average hours per response: 

Reporting, 7.3; recordkeeping, 0.5. 

Estimated annual burden hours: 

21,590. 

General description of report: The FR 

Y–8 collects information on covered 

transactions between an insured 

depository institution and its affiliates 

that are subject to the quantitative limits 

and other requirements of section 23A 

of the Federal Reserve Act (12 U.S.C. 

371c) and the Board’s Regulation W— 

Transactions Between Member Banks 

and Their Affiliates (12 CFR part 223). 

The data to be reported vary based on 

the activities and subsidiaries of the 

insured depository institution. A 

respondent must file a separate FR Y– 

8 report for each U.S. insured 

depository institution it controls. 

Legal authorization and 

confidentiality: Section 5(c) of the Bank 

Holding Company Act authorizes the 

Board to require BHCs and IHCs to file 

the FR Y–8.1 Section 10(b)(2) of the 

Home Owners’ Loan Act authorizes the 

Board to require SLHCs to file the FR Y– 

8.2 Section 8(a) of the International 

Banking Act authorizes the Board to 

require FBOs that directly own or 

control a U.S. subsidiary insured 

depository institution to file the FR Y– 

8.3 Information provided on the FR Y– 

8 may be kept confidential under 

exemption 4 of the Freedom of 

Information Act (FOIA) as confidential 

commercial or financial information 

that is both customarily and actually 

treated as private.4 Information 

collected on the FR Y–8 may also be 

considered confidential under FOIA 

exemption 8 if it is obtained as part of 

an examination or supervision of a 

financial institution.5

The FR Y–8 report is mandatory for 

respondents that control an insured 

depository institution that has engaged 

in covered transactions with an affiliate 

during the reporting period. 

Current actions: On October 18, 2021, 

the Board published a notice in the 

Federal Register (86 FR 57675) 

requesting public comment for 60 days 

on the extension, without revision, of 

the Holding Company Report of Insured 

Depository Institutions’ Section 23A 

Transactions with Affiliates. The 

comment period for this notice expired 

on December 17, 2021. The Board did 

not receive any comments. 

Board of Governors of the Federal Reserve 

System, February 14, 2022. 

Michele Taylor Fennell, 

Deputy Associate Secretary of the Board. 

[FR Doc. 2022–03470 Filed 2–16–22; 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 Domestic 

Finance Company Report of 

Consolidated Assets and Liabilities (FR 

2248; OMB No. 7100–0005). 

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, Washington, DC 20551, (202) 

452–3829. 

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 


lotter on DSK11XQN23PROD with NOTICES1