[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