[Federal Register Volume 88, Number 61 (Thursday, March 30, 2023)]
[Notices]
[Pages 19143-19144]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-06553]
=======================================================================
-----------------------------------------------------------------------
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, with revision, the
Savings and Loan Holding Company Registration Statement (FR LL-10(b);
OMB No. 7100-0337).
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, With Revision, of the Following Information Collection
Collection title: Savings and Loan Holding Company Registration
Statement.
Collection identifier: FR LL-10(b).
OMB control number: 7100-0337.
Effective Date: The revisions are applicable as of May 1, 2023.
General description of collection: The FR LL-10(b) requests
information from registering Savings and Loan Holding Companies (SLHCs)
on the financial condition, ownership, operations, management, and
intercompany relationships of the SLHC and its subsidiaries.
Additionally, respondents must include information concerning the
transaction that resulted in the respondent becoming an SLHC, a
description of the SLHC's business, and a description of any changes
related to the financial condition, ownership, operations, intercompany
relationships, and management of the SLHC and its subsidiaries since
the registrant's application to become an SLHC was approved. The
principal executive or principal financial officer of the registering
SLHC must certify that the information contained in the submission has
been carefully reviewed and is true, correct, and complete.
Frequency: Event-generated.
Respondents: SLHCs.
Total estimated number of respondents: 7.
Total estimated change in burden hours: 1.
Total estimated annual burden hours: 51.\1\
---------------------------------------------------------------------------
\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 LL-10(b).
---------------------------------------------------------------------------
Current actions: On November 4, 2022, the Board published a notice
in
[[Page 19144]]
the Federal Register (87 FR 66699) requesting public comment for 60
days on the extension, with revision, of the FR LL-10(b). The Board
proposed to revise the FR LL-10(b) by clearing the deregistration
process described in Supervision and Regulation Letter 11-12; adding
additional language clarifying that a respondent must retain a copy of
the signed form at least three years, unless it ceases to be an SLHC
before then; adding additional language on the Board's procedures for
requesting confidential treatment, including the relevant regulatory
citation; clarifying that the background information requested includes
formations of savings associations or SLHCs; clarifying that the
requested information includes formations of SLHCs and related
subsidiaries; and clarifying that the documentation requirements
include formations of savings associations and SLHCs, and that
responses should be limited to changes since submitting the SLHC
application. The comment period for this notice expired on January 3,
2023. The Board did not receive any comments. The revisions will be
---------------------------------------------------------------------------
implemented as proposed.
Board of Governors of the Federal Reserve System, March 24,
2023.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2023-06553 Filed 3-29-23; 8:45 am]
BILLING CODE 6210-01-P