[Federal Register Volume 88, Number 232 (Tuesday, December 5, 2023)]
[Notices]
[Pages 84327-84328]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-26583]


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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, with revision, the 
Consolidated Holding Company Report of Equity Investments in 
Nonfinancial Companies and the Annual Report of Merchant Banking 
Investments Held for an Extended Period (FR Y-12, FR Y-12A; OMB No. 
7100-0300).

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.

[[Page 84328]]


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: Consolidated Holding Company Report of Equity 
Investments in Nonfinancial Companies and the Annual Report of Merchant 
Banking Investments Held for an Extended Period.
    Collection identifier: FR Y-12, FR Y-12A.
    OMB control number: 7100-0300.
    Effective Date: December 31, 2023.
    General description of collection: The FR Y-12 report collects 
information from certain holding companies on their equity investments 
in nonfinancial companies. The FR Y-12A report collects information 
from certain financial holding companies (FHCs) on merchant banking 
investments that they have held for longer than 8 years (or 13 years in 
the case of investments held through a qualifying private equity fund). 
The Board uses the FR Y-12 report to monitor the growth in equity 
investments in nonfinancial companies and their contributions to 
capital, profitability, risk, and volatility. The Board uses the FR Y-
12A report to monitor investments that are approaching the end of their 
applicable holding periods.
    Frequency: Quarterly, semiannually, annually.
    Respondents: Bank holding companies, savings and loan holding 
companies, U.S. intermediate holding companies, and certain FHCs.
    Total estimated number of respondents: 31.
    Total estimated change in burden: 66.
    Total estimated annual burden hours: 2,021. \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 Y-12 and FR Y-12A.
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    Current actions: On July 19, 2023, the Board published a notice in 
the Federal Register (88 FR 46161) requesting public comment for 60 
days on the extension, with revision, of the FR Y-12 and FR Y-12A. The 
Board proposed to revise the FR Y-12 and FR Y-12A instructions by 
clarifying when respondents should submit their reports when the 
submission deadline falls on a weekend or holiday, modifying and 
clarifying recordkeeping requirements, clarifying the reported amount 
of a firm's aggregate nonfinancial equity investment, clarifying which 
columns are applicable to certain FR Y-12 schedules, and aligning the 
two reports' submission deadlines. The comment period for this notice 
expired on September 18, 2023. The Board did not receive any comments. 
The revisions will be implemented as originally proposed.

    Board of Governors of the Federal Reserve System, November 29, 
2023.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2023-26583 Filed 12-4-23; 8:45 am]
BILLING CODE 6210-01-P