[Federal Register Volume 86, Number 223 (Tuesday, November 23, 2021)]
[Notices]
[Pages 66554-66555]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-25506]


=======================================================================
-----------------------------------------------------------------------

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, without revision, the 
Quarterly Savings and Loan Holding Company Report (FR 2320; OMB No. 
7100-0345).

DATES: Comments must be submitted on or before January 24, 2022.

ADDRESSES: You may submit comments, identified by FR 2320, 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: [email protected]. Include the OMB 
number or FR number in the subject line of the message.
     Fax: (202) 452-3819 or (202) 452-3102.
     Mail: Ann E. Misback, Secretary, Board of Governors of the 
Federal Reserve System, 20th Street and Constitution Avenue 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 
146, 1709 New York Avenue NW, Washington, DC 20006, between 9:00 a.m. 
and 5:00 p.m. on weekdays. 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, Washington, DC 20551, (202) 
452-3829.

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, and other documentation, will be 
made available on the 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 
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.

[[Page 66555]]

Proposal Under OMB Delegated Authority To Extend for Three Years, 
Without Revision, 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 
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\
---------------------------------------------------------------------------

    \1\ 12 U.S.C. 1467a(b)(2).
    \2\ Id.
---------------------------------------------------------------------------

    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\
---------------------------------------------------------------------------

    \3\ 5 U.S.C. 552(b)(4).
    \4\ Id.

    Board of Governors of the Federal Reserve System, November 17, 
2021.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2021-25506 Filed 11-22-21; 8:45 am]
BILLING CODE 6210-01-P