Notification of Nonfinancial Data Processing Activities

Generally, a bank holding company (BHC) may, through a subsidiary, engage in data processing activities if the subsidiary earns not more than 49 percent of its data processing revenue from nonfinancial data processing activities. However, the Board has stated that a BHC may file with the Board a request for permission to administer this 49 percent revenue limit on a business-line or multiple-entity basis, rather than on a company-by-company basis. The FR 4021 information collection consists of this filing for prior notice.

The latest form for Notification of Nonfinancial Data Processing Activities expires 2023-09-30 and can be found here.