Notice of Proposed Stock Redemption

ICR 202201-7100-006

OMB: 7100-0131

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
36164
Modified
ICR Details
7100-0131 202201-7100-006
Active 201909-7100-013
FRS FR 4008
Notice of Proposed Stock Redemption
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
6 0 8
93 0 124
0 0 0

The Bank Holding Company Act of 1956 (BHC Act) and Board’s Regulation Y - Bank Holding Companies and Change in Bank Control (12 CFR 225) require a bank holding company (BHC) to seek the prior approval of the Board before purchasing or redeeming its equity securities in certain circumstances. Due to the limited information that a BHC must provide in connection with any such request, there is no required reporting form (the FR 4008 designation is for internal purposes only), and each request for prior approval must be filed as a notification with the Reserve Bank that has direct supervisory responsibility for the requesting BHC. The Federal Reserve uses the information provided in the redemption notice to supervise BHCs.

US Code: 12 USC 1844(b) and (c) Name of Law: Bank Holding Company Act of 1956
  
None

Not associated with rulemaking

  84 FR 28047 06/17/2019
84 FR 50846 09/26/2019
No

1
IC Title Form No. Form Name
Reporting Section 225.4(b)(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 6 8 0 0 -2 0
Annual Time Burden (Hours) 93 124 0 0 -31 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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