[Federal Register Volume 87, Number 41 (Wednesday, March 2, 2022)]
[Notices]
[Pages 11708-11709]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-04346]


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FEDERAL RESERVE SYSTEM

[FR 2320; OMB No. 7100-0345]


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 
Quarterly Savings and Loan Holding Company Report.

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. Board-approved 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.federalreserve.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: Quarterly Savings and Loan Holding Company Report.
    Agency form number: FR 2320.
    OMB control number: 7100-0345.
    Frequency: Quarterly.
    Respondents: Savings and loan holding companies (SLHCs).
    Estimated number of respondents: 5.
    Estimated average hours per response: 2.5.
    Estimated annual burden hours: 50.
    General description of report: The FR 2320 collects select parent 
only and consolidated balance sheet and income statement financial data 
and organizational structure data from SLHCs exempt from filing other 
Federal Reserve regulatory reports. Specifically, the FR 2320 collects 
data on the assets, liabilities, equity, and income of the 
organization. In addition, the FR 2320 collects information about and 
changes to the organization's subsidiaries, management, capital 
structure, and operations.
    Legal authorization and confidentiality: The FR 2320 is authorized 
by section 10(b)(2) of the Home Owners' Loan Act (HOLA), which states 
that ``each [SLHC] and each subsidiary thereof, other than a savings

[[Page 11709]]

association, shall file with the Board, such reports as may be required 
by the Board.'' \1\ Section 10(b)(2) of HOLA also states that ``each 
report shall contain such information concerning the operations of such 
savings and loan holding company and its subsidiaries as the Board may 
require.'' \2\
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    \1\ 12 U.S.C. 1467a(b)(2).
    \2\ Id.
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    The FR 2320 is mandatory. Generally, in the case of tiered SLHCs 
that are exempt SLHCs, only the top-tier SLHC must file the FR 2320 for 
the consolidated SLHC organization. However, in certain cases, a lower-
tier SLHC may be required to file the FR 2320 instead of the top-tier 
SLHC if it is determined by the district Federal Reserve Bank that the 
lower-tier SLHC more closely reflects the risk profile, assets, and 
liabilities of the subsidiary savings association(s). In addition, 
lower-tier SLHCs may voluntarily file the FR 2320 or may be required to 
file in addition to the top-tier SLHC if it is determined that such a 
filing is necessary to accurately assess the impact that the activities 
or financial condition of the lower-tier SLHC has on its subsidiary 
savings association(s).
    The information collected in response to line items 24, 25, and 26 
is expected to be nonpublic commercial or financial information, which 
is both customarily and actually treated as private by the respondent, 
and thus may be kept confidential by the Board pursuant to exemption 4 
of the Freedom of Information Act (FOIA).\3\ Although the remainder of 
the FR 2320 is generally made available to the public upon request, a 
reporting SLHC may request confidential treatment for responses to 
other items pursuant to exemption 4 of the FOIA if those responses 
contain nonpublic commercial or financial information, which is both 
customarily and actually treated as private by the respondent.\4\
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    \3\ 5 U.S.C. 552(b)(4).
    \4\ Id.
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    Current actions: On November 23, 2022, the Board published a notice 
in the Federal Register (86 FR 66554) requesting public comment for 60 
days on the extension, without revision, of the FR 2320. The comment 
period for this notice expired on January 24, 2022. The Board did not 
receive any comments.

    Board of Governors of the Federal Reserve System, February 24, 
2022.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2022-04346 Filed 3-1-22; 8:45 am]
BILLING CODE 6210-01-P