[Federal Register Volume 89, Number 111 (Friday, June 7, 2024)]
[Notices]
[Pages 48642-48643]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-12557]


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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, the 
Interagency Notice of Change in Control, Interagency Notice of Change 
in Director or Senior Executive Officer, and Interagency Biographical 
and Financial Report (FR 2081a, b, and c; OMB No. 7100-0134).

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: Interagency Notice of Change in Control.
    Collection identifier: FR 2081a.
    OMB control number: 7100-0134.

[[Page 48643]]

    General description of collection: The FR 2081a must be submitted 
in connection with the acquisition or, in certain circumstances, the 
retention of control of a state member bank (SMB), savings and loan 
holding company (SLHC), or bank holding company (BHC) (or group of BHCs 
or SLHCs) by an individual, a group of individuals, a company, or a 
group of companies that would not be BHCs or SLHCs after consummation 
of the proposed transaction. The notice must be submitted to the 
appropriate Reserve Bank and include a description of the proposed 
transaction, the purchase price and funding source, the personal and 
financial information of the proposed acquirer(s), and any proposed new 
management.
    Frequency: Event-generated.
    Respondents: SMBs, BHCs, SLHCs, and associated individuals.
    Total estimated number of respondents: 153.
    Estimated average hours per response: Reporting, 17; Disclosure, 1.
    Total estimated annual burden hours: 2,754.

    Collection title: Interagency Notice of Change in Director or 
Senior Executive Officer.
    Collection identifier: FR 2081b.
    OMB control number: 7100-0134.
    General description of collection: The FR 2081b is used, under 
certain circumstances, to notify the appropriate Reserve Bank of a 
proposed change to an institution's board of directors or senior 
executive officers. The notice must be filed if the institution is not 
in compliance with all minimum capital requirements, is in troubled 
condition, or is otherwise required by the Board to provide such 
notice. The reporting form may be filed by the relevant SMB, SLHC, or 
BHC, or by the affected individual.
    Frequency: Event-generated.
    Respondents: SMBs, BHCs, SLHCs, and associated individuals.
    Total estimated number of respondents: 112.
    Estimated average hours per response: 2.
    Total estimated annual burden hours: 224.

    Collection title: Interagency Biographical and Financial Report.
    Collection identifier: FR 2081c.
    OMB control number: 7100-0134.
    General description of collection: The FR 2081c is used by certain 
shareholders, directors, and executive officers in connection with the 
FR 2081a, FR 2081b, as well as applications for BHC and SLHC 
formations, acquisitions, and mergers, among other filings. Information 
requested on this reporting form is subject to verification and 
requests for clarification or supplementation may be necessary. The FR 
2081c requests the following information: (1) certain biographical 
information, such as personal information, employment records, 
education and professional credentials, and business and banking 
affiliations; (2) certain legal and related information; and (3) a 
financial report on the notificant, including a balance sheet, a cash 
flow statement, and various supporting schedules.
    Frequency: Event-generated.
    Respondents: SMBs, BHCs, SLHCs, and associated individuals.
    Total estimated number of respondents: 906.
    Estimated average hours per response: 5.
    Total estimated annual burden hours: 4,530.
    Current actions: On January 29, 2024, the Board published a notice 
in the Federal Register (89 FR 5540) requesting public comment for 60 
days on the extension, without revision, of the FR 2081a, b, and c. The 
comment period for this notice expired on March 29, 2024. The Board did 
not receive any comments.

    Board of Governors of the Federal Reserve System, June 4, 2024.
Benjamin W. McDonough,
Deputy Secretary and Ombuds of the Board.
[FR Doc. 2024-12557 Filed 6-6-24; 8:45 am]
BILLING CODE 6210-01-P