8132 Federal Register / Vol. 90, No. 15 / Friday, January 24, 2025 / Notices 

to identify demographic characteristics 

of Board or civil service retirees for 

national emergency mobilization 

purposes; 

18. to disclose relevant information 

with personal identifiers of Board 

employees to authorized federal 

agencies and nonfederal entities for use 

in computer matching. The matches will 

be performed to help eliminate waste, 

fraud, and abuse in governmental 

programs; to help identify individuals 

who are potentially in violation of civil 

or criminal law or regulation; and to 

collect debts and overpayments owed to 

federal, state, or local governments and 

their components. The information 

disclosed may include, but is not 

limited to, the name, Social Security 

number, date of birth, gender, 

annualized salary rate, service 

computation date of basic active service, 

veteran’s preference, retirement status, 

occupational services, health plan code, 

position occupied, work schedule (full 

time, part time, or intermittent), duty 

station location, standard metropolitan 

statistical area, special program 

identifier, and submitting office number 

of Board employees; and 

19. to disclose information to the 

Office of Child Support Enforcement, 

Administration for Children and 

Families, Department of Health and 

Human Services, Federal Parent Locator 

System and Federal Offset System for 

use in locating individuals, verifying 

Social Security numbers, and 

identifying their incomes sources to 

establish paternity, establish and modify 

orders of support for enforcement 

action. 

POLICIES AND PRACTICES FOR STORAGE OF

RECORDS: 

Paper records in this system are 

stored in locked file cabinets with 

access limited to staff with a need to 

know. Electronic records are stored on 

a secure server with access limited to 

staff with a need to know. 

POLICIES AND PRACTICES FOR RETRIEVAL OF

RECORDS: 

Records can be retrieved by name or 

employee identification number or other 

identifiers. 

POLICIES AND PRACTICES FOR RETENTION AND

DISPOSAL OF RECORDS: 

All records are retained for the 

appropriate period which ranges from 

when superseded or obsolete to 129 

years old. The retention for Official 

Personal Files for employees separated 

prior to December 31, 1973, is currently 

under review. Until review is completed 

these records will not be destroyed. 

ADMINISTRATIVE, TECHNICAL, AND PHYSICAL

SAFEGUARDS: 

Paper records are secured by lock and 

key and electronic files are stored on 

secure servers. The system has the 

ability to track individual user actions 

within the system. The audit and 

accountability controls are based on 

NIST and Board standards which, in 

turn, are based on applicable laws and 

regulations. The controls assist in 

detecting security violations and 

performance or other issues in the 

system. Access to the system is 

restricted to authorized users who 

require access for official business 

purposes. Users are classified into 

different roles and common access and 

usage rights are established for each 

role. User roles are used to delineate 

between the different types of access 

requirements such that users are 

restricted to data that is required in the 

performance of their duties. Periodic 

assessments and reviews are conducted 

to determine whether users still require 

access, have the appropriate role, and 

whether there have been any 

unauthorized changes. 

RECORD ACCESS PROCEDURES: 

The Privacy Act allows individuals 

the right to access records maintained 

about them in a Board system of 

records. Your request for access must: 

(1) contain a statement that the request 

is made pursuant to the Privacy Act of 

1974; (2) provide either the name of the 

Board system of records expected to 

contain the record requested or a 

concise description of the system of 

records; (3) provide the information 

necessary to verify your identity; and (4) 

provide any other information that may 

assist in the rapid identification of the 

record you seek. 

Current or former Board employees 

may make a request for access by 

contacting the Board office that 

maintains the record. The Board 

handles all Privacy Act requests as both 

a Privacy Act request and as a Freedom 

of Information Act request. The Board 

does not charge fees to a requestor 

seeking to access or amend his/her 

Privacy Act records. 

You may submit your Privacy Act 

request to the—Secretary of the Board, 

Board of Governors of the Federal 

Reserve System, 20th Street and 

Constitution Avenue NW, Washington, 

DC 20551. 

You may also submit your Privacy Act 

request electronically by filling out the 

required information at: https://

foia.federalreserve.gov/. 

CONTESTING RECORD PROCEDURES: 

The Privacy Act allows individuals to 

seek amendment of information that is 

erroneous, irrelevant, untimely, or 

incomplete and is maintained in a 

system of records that pertains to them. 

To request an amendment to your 

record, you should clearly mark the 

request as a ‘‘Privacy Act Amendment 

Request.’’ You have the burden of proof 

for demonstrating the appropriateness of 

the requested amendment and you must 

provide relevant and convincing 

evidence in support of your request. 

Your request for amendment must: (1) 

provide the name of the specific Board 

system of records containing the record 

you seek to amend; (2) identify the 

specific portion of the record you seek 

to amend; (3) describe the nature of and 

reasons for each requested amendment; 

(4) explain why you believe the record 

is not accurate, relevant, timely, or 

complete; and (5) unless you have 

already done so in a related Privacy Act 

request for access or amendment, 

provide the necessary information to 

verify your identity. 

NOTIFICATION PROCEDURES: 

Same as ‘‘Access procedures’’ above. 

You may also follow this procedure in 

order to request an accounting of 

previous disclosures of records 

pertaining to you as provided for by 5 

U.S.C. 552a(c). 

EXEMPTIONS PROMULGATED FOR THE SYSTEM: 

Certain portions of this system of 

records may be exempt from 5 U.S.C. 

552a(c)(3), (d), (e)(1), (e)(4)(G), (H), and 

(I), and (f) of the Privacy Act pursuant 

to 5 U.S.C. 552a(k)(2) and (k)(5). 

HISTORY: 

This SORN was previously published 

in the Federal Register at 73 FR 24984 

at 24989 (May 6, 2008). The SORN was 

also amended to incorporate two new 

routine uses required by OMB at 83 FR 

43872 (August 28, 2018). 

Board of Governors of the Federal Reserve 

System. 

Benjamin W. McDonough, 

Deputy Secretary of the Board. 

[FR Doc. 2025–01686 Filed 1–23–25; 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 


khammond on DSK9W7S144PROD with NOTICES
Federal Register / Vol. 90, No. 15 / Friday, January 24, 2025 / Notices 8133 

1See U.S. Gov’t Accountability Off., GAO–24– 

106643, Rental Housing: Information on 

Institutional Investment in Single-Family Homes 

(2024), https://www.gao.gov/assets/gao-24- 

106643.pdf. 

2 Id. at 9–10. 

3Brett Christophers, ‘‘How and Why U.S. SingleFamily Housing Became an Investor Asset Class’’, 

49 J. Urb. Hist. 430, 434–35 (2023). 

4Laurie Goodman et al., Urban. Inst. A Profile of 

Institutional Investor-Owned Single-Family Rental 

Properties 2 (Apr. 25, 2023). 

5See, e.g., Brett Pulley & Michael Sasso, Atlanta’s 

Mayor Calls For Limits on Investors Buying Up 

Homes, Bloomberg (June 15, 2022), https://

www.bloomberg.com/news/articles/2022-06-15/ 

atlanta-s-mayor-calls-for-limits-on-investorsbuying-up-homes. 

6See, e.g., Joshua Fechter, ‘‘Gov. Greg Abbott 

Wants the Texas Legislature to Rein in Investors 

Behind Large-Scale Home Purchases’’, Tx. Tribune 

(Mar. 15, 2024), https://www.texastribune.org/2024/ 

03/15/texas-greg-abbott-institutional-homebuyers/. 

7See, e.g., Press Release, U.S. Senate Comm. on 

Banking, Hous., & Urb. Affairs, Brown, Colleagues 

Introduce Bill to Crack Down on Big Corporate 

Investors that Buy Up Local Homes, Drive Up 

Housing Prices (July 11, 2023), https://

www.banking.senate.gov/newsroom/majority/ 

brown-colleagues-introduce-bill-crack-down-bigcorporate-investors-buy-up-local-homes-drivehousing-prices. 

8Press Release, Fed. Trade Comm’n, FTC and DOJ 

Seek Info on Serial Acquisitions, Roll-Up Strategies 

Across U.S. Economy (May 23, 2024), https://

www.ftc.gov/news-events/news/press-releases/2024/ 

05/ftc-doj-seek-info-serial-acquisitions-rollstrategies-across-us-economy. 

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 February 24, 2025. 

A. Federal Reserve Bank of Kansas 

City (Jeffrey Imgarten, Assistant Vice 

President) 1 Memorial Drive, Kansas 

City, Missouri 64198–0001. Comments 

can also be sent electronically to 

KCApplicationComments@kc.frb.org: 

1. First Missouri Bancshares, Inc., 

Brookfield, Missouri; to acquire CCSB 

Financial Corp., and thereby indirectly 

acquire Clay County Savings Bank, both 

of Liberty, Missouri. 

Board of Governors of the Federal Reserve 

System. 

Michele Taylor Fennell, 

Associate Secretary of the Board. 

[FR Doc. 2025–01697 Filed 1–23–25; 8:45 am] 

BILLING CODE P 

FEDERAL TRADE COMMISSION 

[File No. P251200] 

Agency Information Collection 

Activities; Proposed Collection; 

Comment Request 

AGENCY: Federal Trade Commission 

(FTC). 

ACTION: Notice; request for public 

comment. 

SUMMARY: The FTC is soliciting public 

comments on proposed information 

requests to large-scale Single-Family 

Rental (SFR) owner operators, known as 

mega investors. Mega SFR investors are 

those entities that own over 1,000 

single-family rental properties. These 

comments will be considered before the 

FTC submits a request for Office of 

Management and Budget (OMB) review 

of the compulsory process orders 

described in this notice under the 

Paperwork Reduction Act (PRA). The 

compulsory process orders will seek 

information from those firms concerning 

their corporate structure, current and 

historical housing inventory 

information, as well as strategic 

business plans and other investor 

information regarding growth plans, 

competition, prices, and expenses. 

DATES: Comments must be received on 

or before March 25, 2025. 

ADDRESSES: Interested parties may file a 

comment online by following the 

instructions in the Request for Comment 

part of the SUPPLEMENTARY INFORMATION

section below. File your comment 

online at https://www.regulations.gov. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information 

should be addressed to Katherine 

Ambrogi, Office of Policy Planning, 

Federal Trade Commission, 600 

Pennsylvania Avenue NW, Washington, 

DC 20580; (202) 326–2205; kambrogi@

ftc.gov. 

SUPPLEMENTARY INFORMATION: 

Historically, individuals and other small 

businesses owned and operated singlefamily rental properties. However, 

following the 2007–2008 financial 

crisis, this market structure changed 

with the rise of large-scale investors, 

also known as mega SFR investors, that 

own large regional SFR inventories.1 In 

response to regulatory incentives and 

other market conditions, large-scale 

investors—those entities that own more 

than 1,000 SFR properties—began 

channeling their investment capital into 

the single-family rental housing 

market.2 Since this time, the volume of 

properties purchased by mega SFR 

investors has grown considerably. By 

2017, the five largest entities in the SFR 

industry—Invitation Homes, Starwood 

Property Trust, Colony American 

Homes, Waypoint Residential Trust, and 

American Homes 4 Rent—had 

consolidated into two firms.3

Researchers estimate that mega SFR 

investors collectively own and operate 

446,000 homes nationwide.4

The FTC is aware that the growth of 

mega SFR investors in markets may 

affect competition and consumers. 

Local,5 State,6 and Federal 7

policymakers have expressed concerns 

about the growth of mega SFR investors 

in local markets. In an FTC listening 

session for renters in Atlanta, Georgia, 

participants expressed concerns about 

the effects of mega SFR investor 

expansion. In response to a recent FTC 

and U.S. Department of Justice request 

for information to identify industries 

impacted by serial acquisitions,8

members of the public submitted 

numerous comments specifically 

identifying SFR investors as responsible 

for buying up inventories of singlefamily residential properties in local 

markets across the United States. 

Members of the Senate and U.S. House 

of Representatives have also sent the 

FTC letters urging the Commission to 

use its existing authority to require 

reporting of residential real estate 


khammond on DSK9W7S144PROD with NOTICES