95-24556. Agency Forms Under Review

[Federal Register Volume 60, Number 191 (Tuesday, October 3, 1995)]
[Notices]
[Page 51798]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-24556]



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FEDERAL RESERVE SYSTEM


Agency Forms Under Review

Background

    Notice is hereby given of the final approval of proposed 
information collection by the Board of Governors of the Federal Reserve 
System (Board) under OMB delegated authority, as per 5 C.F.R. 1320.9 
(OMB Regulations on Controlling Paperwork Burdens on the Public).
FOR FURTHER INFORMATION CONTACT:
Federal Reserve Board Clearance Officer--Mary M. McLaughlin--Division 
of Research and Statistics, Board of Governors of the Federal Reserve 
System, Washington, DC 20551 (202-452-3829)
OMB Desk Officer--Milo Sunderhauf--Office of Information and Regulatory 
Affairs, Office of Management and Budget, New Executive Office 
Building, Room 3208, Washington, DC 20503 (202-395-7340)
    Final approval under OMB delegated authority of the extension, with 
revision of the following report:
    1. Report title: Bank Holding Company Report of Investments and 
Activities
Agency form number: FR Y-6A
OMB Docket number: 7100-0124
Effective Date: November 2, 1995
Frequency: Event generated
Reporters: Bank Holding Companies
Annual reporting hours: 11,000
Estimated average hours per response: 1.0
Number of respondents: 1,746
Small businesses are not affected.
    General description of report: This information collection is 
mandatory [(12 U.S.C. 1844(b) and (c))] and is not routinely given 
confidential treatment. However, confidential treatment for the report 
information can be requested, in whole or part, in accordance with the 
instructions to the form.
    Abstract: The Bank Holding Company Report of Changes in Investments 
and Activities is an event-generated report filed by top-tier bank 
holding companies to report changes in regulated investments and 
activities made pursuant to the Bank Holding Company Act and Regulation 
Y. The report collects information relating to acquisitions, 
divestitures, changes in activities, and legal authority. The response 
rate for the FR Y-6A varies depending on the reportable activity 
engaged in by each bank holding company.
    The Federal Reserve approved the following revisions to the FR Y-
6A:
    (1) Modify the reporting threshold to collect data from those bank 
holding companies that control 25 percent or more of any class of non-
voting equity of a bank or bank holding company. The current FR Y-6A 
reporting threshold applies where the bank holding company controls in 
excess of 25 percent of any class of non-voting equity.
    (2) Eliminate the requirement to report investments in Edge and 
agreement corporations. This information will be proposed to be 
reported on the Report of Changes in Foreign Investments (FR 2064; OMB 
No. 7100-0109).
    (3) Reformat the Investments Schedule to show one investment 
transaction and one activities transaction on each report page.
    (4) Make certain clarifications to the reporting instructions.

    Board of Governors of the Federal Reserve System, September 27, 
1995.
William W. Wiles,
Secretary of the Board.
[FR Doc. 95-24556 Filed 10-2-95; 8:45am]
BILLING CODE 6210-01-F