95788 Federal Register / Vol. 89, No. 232 / Tuesday, December 3, 2024 / Notices 

11Board-regulated institution refers to an SMB, a 

BHC, or an SLHC. See 12. CFR 217.2; 12 CFR 

217.20(f); see also 12 CFR 217.20(b)(1)(iii). 

12See 12 CFR 5.46, 5.47, 5.55, and 5.56 (OCC); 

12 CFR 208.5 (Board); 12 CFR 303.241 (FDIC). 

13 12 CFR 324.22(a)(9). 

14 12 U.S.C. 1464(t)(5). 

15Subsidiaries engaged in activities not 

permissible for national banks are considered nonincludable subsidiaries. 

16A deduction from capital is only required to the 

extent that the savings association’s investment 

exceeds the generally applicable thresholds for 

deduction of investments in the capital of an 

unconsolidated financial institution. 

17 12 U.S.C. 1464(t)(1)(A)(ii) and (t)(2)(B). 

18 12 CFR 3.10(a)(6) (OCC); 12 CFR 

324.10(a)(1)(vi) (FDIC). The Board’s regulatory 

capital framework does not apply to savings 

associations and, therefore, does not include this 

requirement. 

19See 12 U.S.C. 1831o(c)(3); see also 12 CFR 6.4 

(OCC); 12 CFR 208.45 (Board); 12 CFR 324.403 

(FDIC). 

20 12 U.S.C. 1831o(h)(3)(A). 

21See 79 FR 24,528 (May 1, 2014). 

22 12 CFR 6.4(b)(1)(i)(D)(2) (OCC); 12 CFR 

208.43(b)(1)(i)(D)(2) (Board); 12 CFR 

324.403(b)(1)(ii) (FDIC). 

23 12 CFR 208.43(b)(1)(i)(D)(2) (Board); 12 CFR 

324.403(b)(1)(ii) (FDIC). 

24 12 CFR 6.4(b)(1)(i)(D)(2) (OCC). 

capital instruments.11 This requirement 

effectively applies only to a BHC or an 

SLHC and is, therefore, not included in 

the OCC’s and FDIC’s capital rule. All 

three agencies require institutions to 

obtain prior approval before redeeming 

regulatory capital instruments in other 

regulations.12 The additional provision 

in the Board’s capital rule, therefore, 

only has a practical impact on BHCs and 

SLHCs and is not a difference as applied 

to institutions. 

Capital Deductions 

There is a technical difference 

between the FDIC’s capital rule and the 

OCC’s and Board’s capital rule with 

regard to an explicit requirement for 

deduction of examiner-identified losses. 

The agencies require their examiners to 

determine whether their respective 

supervised institutions have 

appropriately identified losses. The 

FDIC’s capital rule, however, explicitly 

requires FDIC-supervised institutions to 

deduct identified losses from common 

equity tier 1 capital elements, to the 

extent that the institutions’ common 

equity tier 1 capital would have been 

reduced if the appropriate accounting 

entries had been recorded.13 Generally, 

identified losses are those items that an 

examiner determines to be chargeable 

against income, capital, or general 

valuation allowances. 

For example, identified losses may 

include, among other items, assets 

classified as loss, off-balance-sheet 

items classified as loss, any expenses 

that are necessary for the institution to 

record in order to replenish its general 

valuation allowances to an adequate 

level, and estimated losses on 

contingent liabilities. The Board and the 

OCC expect their supervised institutions 

to promptly recognize examineridentified losses, but the requirement is 

not explicit under their capital rule. 

Instead, the Board and the OCC apply 

their supervisory authorities to ensure 

that their supervised institutions charge 

off any identified losses. 

Subsidiaries of Savings Associations 

There are special statutory 

requirements for the agencies’ capital 

treatment of a savings association’s 

investment in or credit to its 

subsidiaries as compared with the 

capital treatment of such transactions 

between other types of institutions and 

their subsidiaries. Specifically, the 

Home Owners’ Loan Act (HOLA) 

distinguishes between subsidiaries of 

savings associations engaged in 

activities that are permissible for 

national banks and those engaged in 

activities that are not permissible for 

national banks.14

When subsidiaries of a savings 

association are engaged in activities that 

are not permissible for national banks,15

the parent savings association generally 

must deduct the parent’s investment in 

and extensions of credit to these 

subsidiaries from the capital of the 

parent savings association. If a 

subsidiary of a savings association 

engages solely in activities permissible 

for national banks, no deduction is 

required, and investments in and loans 

to that organization may be assigned the 

risk weight appropriate for the 

activity.16 As the appropriate federal 

banking agencies for federal and state 

savings associations, respectively, the 

OCC and the FDIC apply this capital 

treatment to those types of institutions. 

The Board’s regulatory capital 

framework does not apply to savings 

associations and, therefore, does not 

include this requirement. 

Tangible Capital Requirement 

Federal law subjects savings 

associations to a specific tangible capital 

requirement but does not similarly do so 

with respect to banks. Under section 

5(t)(2)(B) of HOLA, savings associations 

are required to maintain tangible capital 

in an amount not less than 1.5 percent 

of total assets.17 The capital rule of the 

OCC and the FDIC includes a 

requirement that savings associations 

maintain a tangible capital ratio of 1.5 

percent.18 This statutory requirement 

does not apply to banks and, thus, there 

is no comparable regulatory provision 

for banks. The distinction is of little 

practical consequence, however, 

because under the Prompt Corrective 

Action (PCA) framework, all institutions 

are considered critically 

undercapitalized if their tangible equity 

falls below 2 percent of total assets.19

Generally speaking, the appropriate 

federal banking agency must appoint a 

receiver within 90 days after an 

institution becomes critically 

undercapitalized.20

Enhanced Supplementary Leverage 

Ratio 

The agencies adopted enhanced 

supplementary leverage ratio standards 

that took effect beginning on January 1, 

2018.21 These standards require certain 

BHCs to exceed a 5 percent 

supplementary leverage ratio to avoid 

limitations on distributions and certain 

discretionary bonus payments and also 

require the subsidiary institutions of 

these BHCs to meet a 6 percent 

supplementary leverage ratio to be 

considered ‘‘well capitalized’’ under the 

PCA framework.22 The rule text 

establishing the scope of application for 

the enhanced supplementary leverage 

ratio differs among the agencies. The 

Board and the FDIC apply the enhanced 

supplementary leverage ratio standards 

for institutions based on parent BHCs 

being identified as global systemically 

important BHCs as defined in 12 CFR 

217.2.23 The OCC applies enhanced 

supplementary leverage ratio standards 

to the institution subsidiaries under 

their supervisory jurisdiction of a toptier BHC that has more than $700 billion 

in total assets or more than $10 trillion 

in assets under custody.24

Michael J. Hsu, 

Acting Comptroller of the Currency. Board 

of Governors of the Federal Reserve System. 

Ann E. Misback, 

Secretary of the Board. 

Federal Deposit Insurance Corporation. 

Dated at Washington, DC, on November 25, 

2024. 

James P. Sheesley, 

Assistant Executive Secretary. 

[FR Doc. 2024–28227 Filed 12–2–24; 8:45 am] 

BILLING CODE 6210–01–P; 6714–01–P; 4810–33–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 


lotter on DSK11XQN23PROD with NOTICES1
Federal Register / Vol. 89, No. 232 / Tuesday, December 3, 2024 / Notices 95789 

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 

express their views in writing on the 

standards enumerated in paragraph 7 of 

the Act. 

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 December 18, 2024. 

A. Federal Reserve Bank of 

Minneapolis (Mark Rauzi, Vice 

President), 90 Hennepin Avenue, 

Minneapolis, Minnesota 55480–0291. 

Comments can also be sent 

electronically to MA@mpls.frb.org: 

1. Lindsey M. Anderson, individually 

and as trustee of the Rick H. GerberLindsey Irrevocable Trust, both of 

Chippewa Falls, Wisconsin; Brittney L. 

Gerber, individually and as trustee of 

the Rick H. Gerber-Brittany Irrevocable 

Trust, both of Altoona, Wisconsin; and 

Ryan M. Gerber, individually and as 

trustee of the Rick H. Gerber-Ryan 

Irrevocable Trust, both of Hayward, 

Wisconsin; to join the Gerber Family 

Control Group, a group acting in 

concert, to acquire voting shares of 

Chippewa Valley Agency, Ltd., and 

thereby indirectly acquire voting shares 

of Chippewa Valley Bank, both of 

Hayward, Wisconsin. 

Board of Governors of the Federal Reserve 

System. 

Michele Taylor Fennell, 

Associate Secretary of the Board. 

[FR Doc. 2024–28325 Filed 12–2–24; 8:45 am] 

BILLING CODE 6210–01–P 

DEPARTMENT OF HEALTH AND 

HUMAN SERVICES 

Centers for Disease Control and 

Prevention 

[30Day–25–1061] 

Agency Forms Undergoing Paperwork 

Reduction Act Review 

In accordance with the Paperwork 

Reduction Act of 1995, the Centers for 

Disease Control and Prevention (CDC) 

has submitted the information 

collection request titled Behavioral Risk 

Factor Surveillance System (BRFSS), to 

the Office of Management and Budget 

(OMB) for review and approval. CDC 

previously published a Proposed Data 

Collection Submitted for Public 

Comment and Recommendations notice 

on August 9, 2024, to obtain comments 

from the public and affected agencies. 

There were four public comments with 

two being substantive, related to the 

previous notice. This notice serves to 

allow an additional 30 days for public 

and affected agency comments. 

CDC will accept all comments for this 

proposed information collection project. 

The Office of Management and Budget 

is particularly interested in comments 

that: 

(a) Evaluate whether the proposed 

collection of information is necessary 

for the proper performance of the 

functions of the agency, including 

whether the information will have 

practical utility; 

(b) Evaluate the accuracy of the 

agencies estimate of the burden of the 

proposed collection of information, 

including the validity of the 

methodology and assumptions used; 

(c) Enhance the quality, utility, and 

clarity of the information to be 

collected; 

(d) Minimize the burden of the 

collection of information on those who 

are to respond, including, through the 

use of appropriate automated, 

electronic, mechanical, or other 

technological collection techniques or 

other forms of information technology, 

e.g., permitting electronic submission of 

responses; and 

(e) Assess information collection 

costs. 

To request additional information on 

the proposed project or to obtain a copy 

of the information collection plan and 

instruments, call (404) 639–7570. 

Comments and recommendations for the 

proposed information collection should 

be sent within 30 days of publication of 

this notice to www.reginfo.gov/public/ 

do/PRAMain. Find this particular 

information collection by selecting 

‘‘Currently under 30-day Review—Open 

for Public Comments’’ or by using the 

search function. Direct written 

comments and/or suggestions regarding 

the items contained in this notice to the 

Attention: CDC Desk Officer, Office of 

Management and Budget, 725 17th 

Street NW, Washington, DC 20503 or by 

fax to (202) 395–5806. Provide written 

comments within 30 days of notice 

publication. 

Proposed Project 

Behavioral Risk Factor Surveillance 

System (BRFSS) (OMB Control No. 

0920–1061, Exp. 12/31/2024)— 

Revision—National Center for Chronic 

Disease Prevention and Health 

Promotion (NCCDPHP), Centers for 

Disease Control and Prevention (CDC). 

Background and Brief Description 

CDC is requesting OMB approval to 

revise information collection for the 

Behavioral Risk Factor Surveillance 

System (BRFSS) for the period of 2025– 

2027. The BRFSS is a nationwide 

system of cross-sectional surveys using 

random digit dialed (RDD) samples 

administered by health departments in 

states, territories, and the District of 

Columbia (collectively referred to here 

as states) in collaboration with the CDC. 

Traditionally subject recruitment and 

interview have been conducted by 

telephone. In 2025–2027, the BRFSS 

will introduce the option to allow 

participants to voluntarily complete 

online surveys, after telephone 

recruitment. The BRFSS produces statelevel information primarily on health 

risk behaviors, health conditions, and 

preventive health practices that are 

associated with chronic diseases, 

infectious diseases, and injury. 

Designed to meet the data needs of 

individual states and territories, the 

CDC sponsors the BRFSS information 

collection project under a cooperative 

agreement with states and territories. 

Under this partnership, BRFSS state 

coordinators determine questionnaire 

content with technical and 

methodological assistance provided by 

CDC. For most states and territories, the 

BRFSS provides the only sources of data 

amenable to state and local level health 

and health risk indicator uses. Over 

time, it has also developed into an 

important data collection system that 

federal agencies rely on for state and 


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