Request for Extension of Time to Dispose of Assets Acquired in Satisfaction of Debts Previously Contracted

ICR 202201-7100-005

OMB: 7100-0129

Federal Form Document

Forms and Documents
Document
Name
Status
Justification for No Material/Nonsubstantive Change
2022-08-09
IC Document Collections
IC ID
Document
Title
Status
36161
Modified
237788
Modified
ICR Details
7100-0129 202201-7100-005
Active 201909-7100-006
FRS FR 4006
Request for Extension of Time to Dispose of Assets Acquired in Satisfaction of Debts Previously Contracted
No material or nonsubstantive change to a currently approved collection   No
Delegated
Approved without change 08/09/2022
Retrieve Notice of Action (NOA) 08/09/2022
  Inventory as of this Action Requested Previously Approved
09/30/2022 09/30/2022 09/30/2022
21 0 63
105 0 315
0 0 0

The Bank Holding Company Act of 1956 (BHC Act) and the Board’s Regulation Y - Bank Holding Companies and Change in Bank Control (12 CFR 225) require a bank holding company (BHC) that acquired voting securities of a bank or BHC or the securities or assets of a company engaged in a nonbanking activity through foreclosure or otherwise in the ordinary course of collecting a debt previously contracted (DPC) to seek prior Board approval in order to retain ownership of those shares or assets for more than two years. There are no required reporting forms associated with this information collection (the FR 4006 designation is for internal purposes only).

US Code: 12 USC 1842(a) Name of Law: Bank Holding Company Act of 1956
   US Code: 12 USC 1843(c)(2) Name of Law: Bank Holding Company Act of 1956
  
None

Not associated with rulemaking

  84 FR 13044 04/03/2019
84 FR 40055 08/13/2019
No

2
IC Title Form No. Form Name
Reporting Section 225.12(b)
Reporting Section 225.22(d)(1)

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 21 63 0 0 -42 0
Annual Time Burden (Hours) 105 315 0 0 -210 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The decrease in total annual burden hours reflects an update to the respondent count.

$0
No
    No
    No
No
No
No
No
Keaton Cobble 202 262-7515 [email protected]

  No

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
08/09/2022


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