[Federal Register Volume 89, Number 145 (Monday, July 29, 2024)]
[Notices]
[Pages 60891-60892]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-16598]


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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 
Bank Holding Company Applications and Notifications (FR Y-3, FR Y-3N, 
and FR Y-4; OMB No. 7100-0121).

DATES: The revisions are effective as of August 28, 2024.

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

[[Page 60892]]

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. 
On the page displayed at the link above, you can find the supporting 
information by referencing the collection identifier, FR Y-3, FR Y-3N, 
and FR Y-4.

Final Approval Under OMB Delegated Authority of the Extension for Three 
Years, With Revision, of 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 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.
    Frequency: Event-generated.
    Respondents: BHCs and any 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.
    Current actions: On April 30, 2024, the Board published a notice in 
the Federal Register (89 FR 34246) requesting public comment for 60 
days on the extension, with revision, of the FR Y-3, FR Y-3N, and FR Y-
4. The Board proposed 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 instructions; 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. 
The comment period for this notice expired on July 1, 2024. The Board 
did not receive any comments. The revisions will be implemented as 
proposed.

    Board of Governors of the Federal Reserve System, July 24, 2024.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2024-16598 Filed 7-26-24; 8:45 am]
BILLING CODE 6210-01-P