[Federal Register Volume 89, Number 145 (Monday, July 29, 2024)]
[Notices]
[Pages 60892-60893]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-16599]


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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 
Application for a Foreign Organization to Acquire a U.S. Bank or Bank 
Holding Company (FR Y-3F; OMB No. 7100-0119).

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 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-
3F.

Final Approval Under OMB Delegated Authority of the Extension for Three 
Years, With Revision, of the Following Information Collection

    Collection title: Application for a Foreign Organization to Acquire 
a U.S. Bank or Bank Holding Company.
    Collection identifier: FR Y-3F.
    OMB control number: 7100-0119.
    General description of collection: Under the Bank Holding Company 
Act of 1956, any company, including a company organized under the laws 
of a foreign country, that seeks to acquire a U.S. bank or bank holding 
company must receive approval from the Board prior to doing so. The 
Federal Reserve uses the information collected by the FR Y-3F to 
determine whether to approve an application for prior approval and, 
subsequently, to carry out its supervisory responsibilities with 
respect to the foreign banking organization's operations in the United 
States.
    Frequency: Event-generated.
    Respondents: Any company organized under the laws of a foreign 
country that seeks to acquire a U.S. bank or bank holding company.
    Total estimated number of respondents: 1.
    Total estimated change in burden: 0.
    Total estimated annual burden hours: 92.
    Current actions: On April 30, 2024, the Board published a notice in 
the Federal Register (89 FR 34245) requesting public comment for 60 
days on the extension, with revision, of the FR Y-3F. The Board 
proposed to revise the FR Y-3F to add a question regarding the 
integration of the target into the applicant; update or add certain 
citations and references; remove the

[[Page 60893]]

sample publication from the instructions; and add a clarifying footnote 
regarding the Interagency Biographical and Financial Reports. 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. 2024-16599 Filed 7-26-24; 8:45 am]
BILLING CODE 6210-01-P