[Federal Register Volume 89, Number 84 (Tuesday, April 30, 2024)]
[Notices]
[Pages 34246-34247]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-09274]


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

FEDERAL RESERVE SYSTEM


Proposed Agency Information Collection Activities; Comment 
Request

AGENCY: Board of Governors of the Federal Reserve System.

ACTION: Notice, request for comment.

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

SUMMARY: The Board of Governors of the Federal Reserve System (Board) 
invites comment on a proposal to extend for three years, with revision, 
the Bank Holding Company Applications and Notifications (FR Y-3, FR Y-
3N, and FR Y-4; OMB No. 7100-0121).

DATES: Comments must be submitted on or before July 1, 2024.

ADDRESSES: You may submit comments, identified by FR Y-3, FR Y-3N, and 
FR Y-4, by any of the following methods:
     Agency Website: https://www.federalreserve.gov/. Follow 
the instructions for submitting comments at https://www.federalreserve.gov/apps/foia/proposedregs.aspx.
     Email: [email protected]. Include the OMB 
number or FR number in the subject line of the message.
     Fax: (202) 452-3819 or (202) 452-3102.
     Mail: Federal Reserve Board of Governors, Attn: Ann E. 
Misback, Secretary of the Board, Mailstop M-4775, 2001 C St NW, 
Washington, DC 20551.
    All public comments are available from the Board's website at 
https://www.federalreserve.gov/apps/foia/proposedregs.aspx as 
submitted, unless modified for technical reasons or to remove 
personally identifiable information at the commenter's request. 
Accordingly, comments will not be edited to remove any confidential 
business information, identifying information, or contact information. 
Public comments may also be viewed electronically or in paper in Room 
M-4365A, 2001 C St NW, Washington, DC 20551, between 9:00 a.m. and 5:00 
p.m. on weekdays, except for Federal holidays. For security reasons, 
the Board requires that visitors make an appointment to inspect 
comments. You may do so by calling (202) 452-3684. Upon arrival, 
visitors will be required to present valid government-issued photo 
identification and to submit to security screening in order to inspect 
and photocopy comments.
    Additionally, commenters may send a copy of their comments to the 
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.

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.

[[Page 34247]]


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. In exercising this delegated authority, the 
Board is directed to take every reasonable step to solicit comment. In 
determining whether to approve a collection of information, the Board 
will consider all comments received from the public and other agencies.
    During the comment period for this proposal, a copy of the proposed 
PRA OMB submission, including the draft reporting form and 
instructions, supporting statement (which contains more detail about 
the information collection and burden estimates than this notice), and 
other documentation, will be made available on the 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 versions of these documents will be made 
available at https://www.reginfo.gov/public/do/PRAMain, if approved.

Request for Comment on Information Collection Proposals

    The Board invites public comment on the following information 
collections, which are being reviewed under authority delegated by the 
OMB under the PRA. Comments are invited on the following:
    a. Whether the proposed collections of information are necessary 
for the proper performance of the Board's functions, including whether 
the information has practical utility;
    b. The accuracy of the Board's estimate of the burden of the 
proposed information collections, including the validity of the 
methodology and assumptions used;
    c. Ways to enhance the quality, utility, and clarity of the 
information to be collected;
    d. Ways to minimize the burden of information collection on 
respondents, including through the use of automated collection 
techniques or other forms of information technology; and
    e. Estimates of capital or startup costs and costs of operation, 
maintenance, and purchase of services to provide information.
    At the end of the comment period, the comments and recommendations 
received will be analyzed to determine the extent to which the Board 
should modify the proposal.

Proposal Under OMB Delegated Authority To Extend for Three Years, With 
Revision, the Following Information Collections

    Collection title: Bank Holding Company Applications and 
Notifications.
    Collection identifier: FR Y-3, FR Y-3N, and FR Y-4.
    OMB control number: 7100-0121.
    General description of collection: These filings collect 
information on proposals by Bank Holding Companies (BHCs) involving 
formations, acquisitions, mergers, and nonbanking activities. The Board 
requires the submission of these filings for regulatory and supervisory 
purposes and to allow the Board to fulfill its statutory obligations 
under the Bank Holding Company Act of 1956 (the BHC Act). The Board 
uses this information to evaluate each individual transaction with 
respect to financial and managerial factors, permissibility, 
competitive effects, financial stability, net public benefits, and 
impact on the convenience and needs of affected communities.
    Proposed revisions: The Board proposes to revise the FR Y-3, FR Y-
3N, and FR Y-4 forms and instructions to update or add certain 
citations and references; delete language that requires an explanation 
of the assumptions used in financial projections only if the 
projections deviate from historical performance; remove the sample 
publication from the instruction; add questions regarding groups acting 
in concert, individuals who would own 10 percent or more of the 
applicant, and companies that would own five percent or more of the 
applicant; add a requirement that applicants provide a breakdown of pro 
forma equity; add a requirement that applicants identify any management 
official of the applicant who is also a management official at another 
depository institution; and add a question regarding the integration of 
the target into the applicant.
    Frequency: Event-generated.
    Respondents: BHCs and a company seeking to become a BHC.
    Total estimated number of respondents: 335.
    Total estimated change in burden: 388.
    Total estimated annual burden hours: 7,603.\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 Y-3, FR Y-3N, and FR Y-4.

    Board of Governors of the Federal Reserve System, April 25, 
2024.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2024-09274 Filed 4-29-24; 8:45 am]
BILLING CODE 6210-01-P