[Federal Register Volume 88, Number 109 (Wednesday, June 7, 2023)]
[Notices]
[Page 37252]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-12108]


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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, 
Notification of Nonfinancial Data Processing Activities (FR 4021; OMB 
No. 7100-0306).

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: Notification of Nonfinancial Data Processing 
Activities.
    Collection identifier: FR 4021.
    OMB control number: 7100-0306.
    General description of collection: Generally, a bank holding 
company (BHC) may, directly or through a subsidiary, engage in data 
processing activities if, among other requirements, the company or 
subsidiary earns not more than 49 percent of its data processing 
revenue from nonfinancial data processing activities. However, the 
Board has stated that a BHC may file with the Board a request for 
permission to administer this 49 percent revenue limit on a business-
line or multiple-entity basis, rather than on a company-by-company 
basis. The FR 4021 information collection consists of this filing for 
prior approval.
    Frequency: As needed.
    Respondents: BHCs.
    Total estimated number of respondents: 1.
    Total estimated annual burden hours: 2.\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 4021.
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    Current actions: On January 27, 2023, the Board published a notice 
in the Federal Register (88 FR 5343) requesting public comment for 60 
days on the extension, without revision, of the FR 4021. 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. 2023-12108 Filed 6-6-23; 8:45 am]
BILLING CODE 6210-01-P