[Federal Register Volume 88, Number 61 (Thursday, March 30, 2023)]
[Notices]
[Page 19145]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-06552]
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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
Reporting and Recordkeeping Requirements Associated with Regulation L
(FR L; OMB No. 7100-0378).
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, [email protected], (202)
452-3884.
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 (which contain more detailed
information about the information collections and burden estimates than
this notice), 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/reportingforms/home/review 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
Collection title: Reporting and Recordkeeping Requirements
Associated with Regulation L.
Collection identifier: FR L.
OMB control number: 7100-0378.
General description of collection: The Depository Institution
Management Interlocks Act (DIMIA) generally prohibits management
officials from serving simultaneously with two unaffiliated depository
organizations (i.e., depository institutions and depository institution
holding companies), but allows for exemptions from the prohibition in
certain circumstances. The FR L information collection accounts for the
reporting and recordkeeping requirements associated with implementation
of DIMIA.
Frequency: Event-generated.
Respondents: State member banks, bank holding companies, and
savings and loan holding companies.
Total estimated number of respondents: 4.
Total estimated annual burden hours: 14.\1\
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\1\ More detailed information regarding this collection,
including more detailed burden estimates, can be found in the OMB
Supporting Statement posted at https://www.federalreserve.gov/apps/reportingforms/home/review. On the page displayed at the link, you
can find the OMB Supporting Statement by referencing the collection
identifier, FR L.
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Current actions: On November 4, 2022, the Board published a notice
in the Federal Register (87 FR 66704) requesting public comment for 60
days on the extension, without revision, of the FR L. The comment
period for this notice expired on January 3, 2023. The Board did not
receive any comments.
Board of Governors of the Federal Reserve System, March 24,
2023.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2023-06552 Filed 3-29-23; 8:45 am]
BILLING CODE 6210-01-P