[Federal Register Volume 89, Number 146 (Tuesday, July 30, 2024)]
[Notices]
[Page 61116]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-16670]


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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 
International Applications and Prior Notifications under Subpart B of 
Regulation K (FR K-2; OMB No. 7100-0284).

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 K-
2.

Final Approval Under OMB Delegated Authority of the Extension for Three 
Years, Without Revision, of the Following Information Collection

    Collection title: International Applications and Prior 
Notifications under Subpart B of Regulation K.
    Collection identifier: FR K-2.
    OMB control number: 7100-0284.
    General description of collection: Subpart B of Regulation K 
implements the International Banking Act of 1978 (IBA). Under the IBA 
foreign banks are required to obtain the prior approval of the Board to 
establish a branch, agency, or representative office in the United 
States; to establish or acquire ownership or control of a commercial 
lending company in the United States; or to change the status of an 
agency or limited branch to a branch in the United States. The Board's 
FR K-2 information collection consists of attachments submitted in 
connection with these prior approval applications and helps in 
supervising foreign banks with offices in the United States.
    Frequency: Event-generated.
    Respondents: Foreign banks.
    Total estimated number of respondents: 13.
    Total estimated annual burden hours: 372.
    Current actions: On March 29, 2024, the Board published a notice in 
the Federal Register (89 FR 22149) requesting public comment for 60 
days on the extension, without revision, of the FR K-2. The comment 
period for this notice expired on May 28, 2024. The Board did not 
receive any comments.

    Board of Governors of the Federal Reserve System, July 24, 2024.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2024-16670 Filed 7-29-24; 8:45 am]
BILLING CODE 6210-01-P