[Federal Register Volume 88, Number 109 (Wednesday, June 7, 2023)]
[Notices]
[Pages 37251-37252]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-12104]


-----------------------------------------------------------------------

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 
Filings Related to the Gramm-Leach-Bliley Act (FR 4010, FR 4011, FR 
4012, FR 4017, FR 4019, FR 4023; OMB No. 7100-0292).

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 Collections

    Collection title: Filings Related to the Gramm-Leach-Bliley Act.
    Collection identifiers: FR 4010, FR 4011, FR 4012, FR 4017, FR 
4019, FR 4023.
    OMB control number: 7100-0292.
    General description of collection: The reporting and recordkeeping 
requirements in this collection, which are related to amendments made 
by the Gramm-Leach-Bliley Act to the Bank Holding Company Act of 1956 
and the Federal Reserve Act, are composed of the following parts:

 Declarations to Become a Financial Holding Company (FR 4010)

[[Page 37252]]

 Requests for Determinations and Interpretations Regarding 
Activities Financial in Nature (FR 4011)
 Notices of Failure to Meet Capital or Management Requirements 
(FR 4012)
 Notices by State Member Banks to Invest in Financial 
Subsidiaries (FR 4017)
 Regulatory Relief Requests Associated with Merchant Banking 
Activities (FR 4019)
 Recordkeeping Requirements Associated with Merchant Banking 
Activities (FR 4023)

    There are no formal reporting forms for these information 
collections (the FR designations are for internal purposes only). In 
each case, the information required to be filed is described in the 
Board's regulations. The reporting and recordkeeping requirements are 
necessary to enable the Board to determine eligibility, provide 
appropriate determinations and interpretations, stay appraised of 
financial conditions, and asses that certain activities are done in 
accordance with the applicable regulatory requirements.
    Frequency: On occasion.
    Respondents: Bank holding companies, savings and loan holding 
companies, foreign banks, and state member banks, as well as other 
interested parties with respect to the FR 4011.
    Total estimated number of respondents: 87.
    Total estimated annual burden hours: 1,698.\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 4010, FR 4011, FR 4012, FR 4017, FR 4019, or FR 4023.
---------------------------------------------------------------------------

    Current actions: On January 27, 2023, the Board published a notice 
in the Federal Register (88 FR 5340) requesting public comment for 60 
days on the extension, without revision, of the FR 4010, FR 4011, FR 
4012, FR 4017, FR 4019, FR 4023. The comment period for this notice 
expired on March 28, 2023. The Board did not receive any comments.

    Board of Governors of the Federal Reserve System, June 1, 2023.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2023-12104 Filed 6-6-23; 8:45 am]
BILLING CODE 6210-01-P