Proposed Agency Information Collection Activities; Comment Request, 66848-66850 [2023-21160]
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66848
Federal Register / Vol. 88, No. 187 / Thursday, September 28, 2023 / Notices
ddrumheller on DSK120RN23PROD with NOTICES1
on weekdays, except for Federal
holidays. For security reasons, the
Board requires that visitors make an
appointment to inspect comments. You
may do so by calling (202) 452–3684.
Upon arrival, visitors will be required to
present valid government-issued photo
identification and to submit to security
screening in order to inspect and
photocopy comments.
Additionally, commenters may send a
copy of their comments to the 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.
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, nuha.elmaghrabi@frb.gov, (202)
452–3884.
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. In exercising
this delegated authority, the Board is
directed to take every reasonable step to
solicit comment. In determining
whether to approve a collection of
information, the Board will consider all
comments received from the public and
other agencies.
During the comment period for this
proposal, a copy of the proposed PRA
OMB submission, including the draft
reporting form and instructions,
supporting statement (which contains
more detail about the information
collection and burden estimates than
this notice), and other documentation,
will be made available on the 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.
Final versions of these documents will
be made available at https://
www.reginfo.gov/public/do/PRAMain, if
approved.
Request for Comment on Information
Collection Proposal
The Board invites public comment on
the following information collection,
which is being reviewed under
authority delegated by the OMB under
the PRA. Comments are invited on the
following:
VerDate Sep<11>2014
18:09 Sep 27, 2023
Jkt 259001
a. Whether the proposed collection of
information is necessary for the proper
performance of the Board’s functions,
including whether the information has
practical utility;
b. The accuracy of the Board’s
estimate of the burden of the proposed
information collection, including the
validity of the methodology and
assumptions used;
c. Ways to enhance the quality,
utility, and clarity of the information to
be collected;
d. Ways to minimize the burden of
information collection on respondents,
including through the use of automated
collection techniques or other forms of
information technology; and
e. Estimates of capital or startup costs
and costs of operation, maintenance,
and purchase of services to provide
information.
At the end of the comment period, the
comments and recommendations
received will be analyzed to determine
the extent to which the Board should
modify the proposal.
Proposal Under OMB Delegated
Authority To Extend for Three Years,
Without Revision, the Following
Information Collection
Collection title: Reporting,
Recordkeeping, and Disclosure
Requirements Associated with Rules
Regarding Availability of Information.
Collection identifier: FR 4035.
OMB control number: 7100–0381.
General description of collection: The
information collection consists of
reporting, recordkeeping, and disclosure
requirements under subpart C
(Nonpublic Information Made Available
to Supervised Financial Institutions,
Governmental Agencies, and Others in
Certain Circumstances) of the Rules
Regarding Availability of Information
(12 CFR part 261). Subpart C contains
reporting requirements that enable third
parties to request the Board’s
authorization to access, use, or further
disclose confidential supervisory
information or other nonpublic
information of the Board, and that
ensure that the Board is notified when
any subpoena or other legally
enforceable demand requires production
of confidential supervisory information
or other nonpublic information of the
Board in the form of documents or
testimony. Subpart C also contains one
recordkeeping requirement related to a
provision that allows supervised
financial institutions to disclose
confidential supervisory information to
service providers if the disclosure is
deemed necessary to the service
provider’s provision of services, and
two disclosure requirements that apply
PO 00000
Frm 00053
Fmt 4703
Sfmt 4703
when individuals are served with a
subpoena, order, or other judicial or
administrative process requiring the
production of confidential supervisory
information or other nonpublic
information of the Board in the form of
documents or testimony.
Frequency: Event-generated.
Respondents: Supervised financial
institutions, state, local, and foreign
agencies, and entities exercising
governmental authority, and any person,
entity, agency, or authority.
Total estimated number of
respondents: 105.
Total estimated annual burden hours:
83.1
Board of Governors of the Federal Reserve
System, September 22, 2023.
Erin M. Cayce,
Assistant Secretary of the Board.
[FR Doc. 2023–21158 Filed 9–27–23; 8:45 am]
BILLING CODE 6210–01–P
FEDERAL RESERVE SYSTEM
Proposed Agency Information
Collection Activities; Comment
Request
Board of Governors of the
Federal Reserve System.
ACTION: Notice, request for comment.
AGENCY:
The Board of Governors of the
Federal Reserve System (Board) invites
comment on a proposal to extend for
three years, with revision, the
Reporting, Recordkeeping, and
Disclosure Requirements Associated
with Regulation LL (FR LL; OMB No.
7100–0380).
DATES: Comments must be submitted on
or before November 27, 2023.
ADDRESSES: You may submit comments,
identified by FR LL, by any of the
following methods:
• Agency website: https://
www.federalreserve.gov/. Follow the
instructions for submitting comments at
https://www.federalreserve.gov/apps/
foia/proposedregs.aspx.
• Email: regs.comments@
federalreserve.gov. Include the OMB
number or FR number in the subject line
of the message.
• Fax: (202) 452–3819 or (202) 452–
3102.
• Mail: Federal Reserve Board of
Governors, Attn: Ann E. Misback,
SUMMARY:
1 More detailed information regarding this
collection, including more detailed burden
estimates, can be found in the OMB Supporting
Statement posted at https://www.federalreserve.gov/
apps/reportingforms/home/review. On the page
displayed at the link, you can find the OMB
Supporting Statement by referencing the collection
identifier, FR 4035.
E:\FR\FM\28SEN1.SGM
28SEN1
ddrumheller on DSK120RN23PROD with NOTICES1
Federal Register / Vol. 88, No. 187 / Thursday, September 28, 2023 / Notices
Secretary of the Board, Mailstop M–
4775, 2001 C St. NW, Washington, DC
20551.
All public comments are available
from the Board’s website at https://
www.federalreserve.gov/apps/foia/
proposedregs.aspx as submitted, unless
modified for technical reasons or to
remove personally identifiable
information at the commenter’s request.
Accordingly, comments will not be
edited to remove any confidential
business information, identifying
information, or contact information.
Public comments may also be viewed
electronically or in paper in Room M–
4365A, 2001 C St. NW, Washington, DC
20551, between 9:00 a.m. and 5:00 p.m.
on weekdays, except for Federal
holidays. For security reasons, the
Board requires that visitors make an
appointment to inspect comments. You
may do so by calling (202) 452–3684.
Upon arrival, visitors will be required to
present valid government-issued photo
identification and to submit to security
screening in order to inspect and
photocopy comments.
Additionally, commenters may send a
copy of their comments to the 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.
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, nuha.elmaghrabi@frb.gov, (202)
452–3884.
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. In exercising
this delegated authority, the Board is
directed to take every reasonable step to
solicit comment. In determining
whether to approve a collection of
information, the Board will consider all
comments received from the public and
other agencies.
During the comment period for this
proposal, a copy of the proposed PRA
OMB submission, including the draft
reporting form and instructions,
supporting statement (which contains
more detail about the information
collection and burden estimates than
this notice), and other documentation,
will be made available on the Board’s
VerDate Sep<11>2014
18:09 Sep 27, 2023
Jkt 259001
public website at https://
www.federalreserve.gov/apps/
reportingforms/home/review or may be
requested from the agency clearance
officer, whose name appears above.
Final versions of these documents will
be made available at https://
www.reginfo.gov/public/do/PRAMain, if
approved.
Request for Comment on Information
Collection Proposal
The Board invites public comment on
the following information collection,
which is being reviewed under
authority delegated by the OMB under
the PRA. Comments are invited on the
following:
a. Whether the proposed collection of
information is necessary for the proper
performance of the Board’s functions,
including whether the information has
practical utility;
b. The accuracy of the Board’s
estimate of the burden of the proposed
information collection, including the
validity of the methodology and
assumptions used;
c. Ways to enhance the quality,
utility, and clarity of the information to
be collected;
d. Ways to minimize the burden of
information collection on respondents,
including through the use of automated
collection techniques or other forms of
information technology; and
e. Estimates of capital or startup costs
and costs of operation, maintenance,
and purchase of services to provide
information.
At the end of the comment period, the
comments and recommendations
received will be analyzed to determine
the extent to which the Board should
modify the proposal.
Proposal Under OMB Delegated
Authority To Extend for Three Years,
With Revision, the Following
Information Collection
Collection title: Reporting,
Recordkeeping, and Disclosure
Requirements Associated with
Regulation LL.
Collection identifier: FR LL.
OMB control number: 7100–0380.
General description of collection:
Regulation LL—Savings and Loan
Holding Companies (12 CFR part 238)
requires certain large savings and loan
holding companies (SLHCs) to submit a
capital plan to the Board on an annual
basis, request prior approval from the
Board under certain circumstances
before making a capital distribution,
conduct company-run periodic stress
tests, report the results of its companyrun stress tests to the Board, publicly
disclose a summary of the results of
PO 00000
Frm 00054
Fmt 4703
Sfmt 4703
66849
such stress tests, and comply with
certain other reporting and
recordkeeping requirements. Capital is
central to a firm’s ability to absorb
unexpected losses and continue to lend
to creditworthy businesses and
consumers. The Board’s capital
planning requirements for large bank
holding companies help to ensure that
these firms have robust systems and
processes that incorporate forwardlooking projections of revenue and
losses to monitor and maintain their
internal capital adequacy. The Board’s
stress testing and stress capital buffer
requirements help ensure that a firm can
meet its obligations to creditors and
other counterparties, as well as continue
to serve as a financial intermediary
through periods of financial and
economic stress.
Proposed revisions: The Board is
proposing to revise the FR LL to account
for several reporting provisions and one
recordkeeping provision which have not
been previously cleared by the Board
under the PRA.
Reporting Requirements
Section 238.132(c)(2)(i) provides that
the Board may conduct a stress test on
an SLHC (other than an foreign banking
organization) with average total
consolidated assets of $100 billion or
more on a more or less frequent basis
than would be required under paragraph
(c)(1). Section 238.132(c)(3)(iii) permits
an SLHC to request in writing that the
Board reconsider the requirement to
conduct a stress test on a more or less
frequent basis than would be required
under (c)(1). This request must include
an explanation as to why the request for
reconsideration should be granted. The
Board will respond in writing within 14
calendar days of receipt of the request.
This request would be submitted via the
Federal Reserve’s IntraLinks system.
Section 238.143(a)(3)(ii) permits a
Category II SLHC, Category III SLHC, or
a SLHC with average total consolidated
assets of greater than $250 billion to
request in writing that the Board
reconsider the requirement to conduct a
stress test on a more or less frequent
basis than would be required under
paragraph (a)(2)(i). This request must
include an explanation as to why the
request for reconsideration should be
granted. The Board will respond in
writing within 14 calendar days of
receipt of the request. This request
would be submitted via the Federal
Reserve’s IntraLinks system.
Section 238.143(b)(4) provides that if
the Board requires a Category II SLHC,
Category III SLHC, or a SLHC with
average total consolidated assets of
greater than $250 billion to include one
E:\FR\FM\28SEN1.SGM
28SEN1
66850
Federal Register / Vol. 88, No. 187 / Thursday, September 28, 2023 / Notices
or more additional components in
certain of its stress testing scenarios the
Board will notify the company in
writing and include a basis for its
determination. Within 14 calendar days
of receipt of this notification the
company may request in writing that the
Board reconsider the requirement that
company include the additional
component(s) or additional scenario(s),
including an explanation as to why the
request for reconsideration should be
granted. The Board will respond in
writing within 14 calendar days of
receipt of the company’s request. This
request would be submitted via the
Federal Reserve’s IntraLinks system.
Recordkeeping Requirements
Section 238.144(c)(1) requires a
Category II SLHC, Category III SLHC, or
a SLHC with average total consolidated
assets of greater than $250 billion to
establish and maintain a system of
controls, oversight, and documentation,
including policies and procedures, that
are designed to ensure that its stress
testing processes are effective in
meeting the relevant requirements.
These policies and procedures must, at
a minimum, describe the covered
company’s stress testing practices and
methodologies, and processes for
validating and updating the company’s
stress test practices and methodologies
consistent with applicable laws and
regulations.
Frequency: Ongoing, annual, biannual, or event-generated.
Respondents: Foreign SLHCs with
average total consolidated assets of
greater than $250 billion and domestic
covered SLHCs with average total
consolidated assets of greater than $100
billion.
Total estimated number of
respondents: 1.
Total estimated change in burden: 31.
Total estimated annual burden hours:
14,430.1
Board of Governors of the Federal Reserve
System, September 22, 2023.
Erin M. Cayce,
Assistant Secretary of the Board.
ddrumheller on DSK120RN23PROD with NOTICES1
[FR Doc. 2023–21160 Filed 9–27–23; 8:45 am]
BILLING CODE 6210–01–P
1 More detailed information regarding this
collection, including more detailed burden
estimates, can be found in the OMB Supporting
Statement posted at https://www.federalreserve.gov/
apps/reportingforms/home/review. On the page
displayed at the link, you can find the OMB
Supporting Statement by referencing the collection
identifier, FR LL.
VerDate Sep<11>2014
18:09 Sep 27, 2023
Jkt 259001
FEDERAL RESERVE SYSTEM
Agency Information Collection
Activities: Announcement of Board
Approval Under Delegated Authority
and Submission to OMB
Board of Governors of the
Federal Reserve System.
SUMMARY: The Board of Governors of the
Federal Reserve System (Board) is
adopting a proposal to implement the
Ad Hoc Clearance for Board-Wide Use
(FR 3100; OMB No. 7100–NEW).
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, nuha.elmaghrabi@frb.gov, (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. Boardapproved 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.
AGENCY:
Final Approval Under OMB Delegated
Authority To Implement the Following
Information Collection Collection
Collection title: Ad Hoc Clearance for
Board-Wide Use.
Collection identifier: FR 3100.
OMB control number: 7100–NEW.
Effective Date: October 30, 2023.
General description of collection:
Information under this ad hoc
information collection would be
collected from Board-regulated entities,
other stakeholders, and the public
PO 00000
Frm 00055
Fmt 4703
Sfmt 4703
(collectively, respondents) through tobe-defined surveys, interviews, and
focus groups, and other similar
activities about a variety of financial
service-related topics and the Board’s
operations. The clearance would help
the Board understand respondents’
perspectives, experiences, and
expectations regarding the financial
system and Board operations and would
be used to inform the Board’s initiatives
to promote financial system stability,
supervise and regulate financial
institutions and financial activities, and
promote consumer protection and
community development.
Frequency: As needed.
Respondents: Individuals,
institutions, state and local
governments, and other persons of
interest to the Board.
Total estimated number of
respondents: 850.
Total estimated annual burden hours:
17,000.1
Current actions: On May 15, 2023, the
Board published an initial notice in the
Federal Register (88 FR 30972)
requesting public comment for 60 days
on the implementation of the FR 3100.
The comment period for this notice
expired on July 14, 2023. The Board did
not receive any comments. The
collection will be implemented as
proposed.
Board of Governors of the Federal Reserve
System, September 22, 2023.
Erin M. Cayce,
Assistant Secretary of the Board.
[FR Doc. 2023–21157 Filed 9–27–23; 8:45 am]
BILLING CODE 6210–01–P
DEPARTMENT OF HEALTH AND
HUMAN SERVICES
Centers for Medicare & Medicaid
Services
[CMS–1795–N]
Medicare Program; Town Hall Meeting
on the Fiscal Year 2025 Applications
for New Medical Services and
Technologies Add-On Payments
Centers for Medicare &
Medicaid Services (CMS), Department
of Health and Human Services (HHS).
ACTION: Notice of meeting.
AGENCY:
1 More detailed information regarding this
collection, including more detailed burden
estimates, can be found in the OMB Supporting
Statement posted at https://www.federalreserve.gov/
apps/reportingforms/home/review. On the page
displayed at the link, you can find the OMB
Supporting Statement by referencing the collection
identifier, FR 3100.
E:\FR\FM\28SEN1.SGM
28SEN1
]]>Agencies
[Federal Register Volume 88, Number 187 (Thursday, September 28, 2023)]
[Notices]
[Pages 66848-66850]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-21160]
-----------------------------------------------------------------------
FEDERAL RESERVE SYSTEM
Proposed Agency Information Collection Activities; Comment
Request
AGENCY: Board of Governors of the Federal Reserve System.
ACTION: Notice, request for comment.
-----------------------------------------------------------------------
SUMMARY: The Board of Governors of the Federal Reserve System (Board)
invites comment on a proposal to extend for three years, with revision,
the Reporting, Recordkeeping, and Disclosure Requirements Associated
with Regulation LL (FR LL; OMB No. 7100-0380).
DATES: Comments must be submitted on or before November 27, 2023.
ADDRESSES: You may submit comments, identified by FR LL, by any of the
following methods:
Agency website: https://www.federalreserve.gov/. Follow
the instructions for submitting comments at https://www.federalreserve.gov/apps/foia/proposedregs.aspx.
Email: [email protected]. Include the OMB
number or FR number in the subject line of the message.
Fax: (202) 452-3819 or (202) 452-3102.
Mail: Federal Reserve Board of Governors, Attn: Ann E.
Misback,
[[Page 66849]]
Secretary of the Board, Mailstop M-4775, 2001 C St. NW, Washington, DC
20551.
All public comments are available from the Board's website at
https://www.federalreserve.gov/apps/foia/proposedregs.aspx as
submitted, unless modified for technical reasons or to remove
personally identifiable information at the commenter's request.
Accordingly, comments will not be edited to remove any confidential
business information, identifying information, or contact information.
Public comments may also be viewed electronically or in paper in Room
M-4365A, 2001 C St. NW, Washington, DC 20551, between 9:00 a.m. and
5:00 p.m. on weekdays, except for Federal holidays. For security
reasons, the Board requires that visitors make an appointment to
inspect comments. You may do so by calling (202) 452-3684. Upon
arrival, visitors will be required to present valid government-issued
photo identification and to submit to security screening in order to
inspect and photocopy comments.
Additionally, commenters may send a copy of their comments to the
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.
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.
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. In exercising this delegated authority, the
Board is directed to take every reasonable step to solicit comment. In
determining whether to approve a collection of information, the Board
will consider all comments received from the public and other agencies.
During the comment period for this proposal, a copy of the proposed
PRA OMB submission, including the draft reporting form and
instructions, supporting statement (which contains more detail about
the information collection and burden estimates than this notice), and
other documentation, will be made available on the 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. Final versions of these documents will be made
available at https://www.reginfo.gov/public/do/PRAMain, if approved.
Request for Comment on Information Collection Proposal
The Board invites public comment on the following information
collection, which is being reviewed under authority delegated by the
OMB under the PRA. Comments are invited on the following:
a. Whether the proposed collection of information is necessary for
the proper performance of the Board's functions, including whether the
information has practical utility;
b. The accuracy of the Board's estimate of the burden of the
proposed information collection, including the validity of the
methodology and assumptions used;
c. Ways to enhance the quality, utility, and clarity of the
information to be collected;
d. Ways to minimize the burden of information collection on
respondents, including through the use of automated collection
techniques or other forms of information technology; and
e. Estimates of capital or startup costs and costs of operation,
maintenance, and purchase of services to provide information.
At the end of the comment period, the comments and recommendations
received will be analyzed to determine the extent to which the Board
should modify the proposal.
Proposal Under OMB Delegated Authority To Extend for Three Years, With
Revision, the Following Information Collection
Collection title: Reporting, Recordkeeping, and Disclosure
Requirements Associated with Regulation LL.
Collection identifier: FR LL.
OMB control number: 7100-0380.
General description of collection: Regulation LL--Savings and Loan
Holding Companies (12 CFR part 238) requires certain large savings and
loan holding companies (SLHCs) to submit a capital plan to the Board on
an annual basis, request prior approval from the Board under certain
circumstances before making a capital distribution, conduct company-run
periodic stress tests, report the results of its company-run stress
tests to the Board, publicly disclose a summary of the results of such
stress tests, and comply with certain other reporting and recordkeeping
requirements. Capital is central to a firm's ability to absorb
unexpected losses and continue to lend to creditworthy businesses and
consumers. The Board's capital planning requirements for large bank
holding companies help to ensure that these firms have robust systems
and processes that incorporate forward-looking projections of revenue
and losses to monitor and maintain their internal capital adequacy. The
Board's stress testing and stress capital buffer requirements help
ensure that a firm can meet its obligations to creditors and other
counterparties, as well as continue to serve as a financial
intermediary through periods of financial and economic stress.
Proposed revisions: The Board is proposing to revise the FR LL to
account for several reporting provisions and one recordkeeping
provision which have not been previously cleared by the Board under the
PRA.
Reporting Requirements
Section 238.132(c)(2)(i) provides that the Board may conduct a
stress test on an SLHC (other than an foreign banking organization)
with average total consolidated assets of $100 billion or more on a
more or less frequent basis than would be required under paragraph
(c)(1). Section 238.132(c)(3)(iii) permits an SLHC to request in
writing that the Board reconsider the requirement to conduct a stress
test on a more or less frequent basis than would be required under
(c)(1). This request must include an explanation as to why the request
for reconsideration should be granted. The Board will respond in
writing within 14 calendar days of receipt of the request. This request
would be submitted via the Federal Reserve's IntraLinks system.
Section 238.143(a)(3)(ii) permits a Category II SLHC, Category III
SLHC, or a SLHC with average total consolidated assets of greater than
$250 billion to request in writing that the Board reconsider the
requirement to conduct a stress test on a more or less frequent basis
than would be required under paragraph (a)(2)(i). This request must
include an explanation as to why the request for reconsideration should
be granted. The Board will respond in writing within 14 calendar days
of receipt of the request. This request would be submitted via the
Federal Reserve's IntraLinks system.
Section 238.143(b)(4) provides that if the Board requires a
Category II SLHC, Category III SLHC, or a SLHC with average total
consolidated assets of greater than $250 billion to include one
[[Page 66850]]
or more additional components in certain of its stress testing
scenarios the Board will notify the company in writing and include a
basis for its determination. Within 14 calendar days of receipt of this
notification the company may request in writing that the Board
reconsider the requirement that company include the additional
component(s) or additional scenario(s), including an explanation as to
why the request for reconsideration should be granted. The Board will
respond in writing within 14 calendar days of receipt of the company's
request. This request would be submitted via the Federal Reserve's
IntraLinks system.
Recordkeeping Requirements
Section 238.144(c)(1) requires a Category II SLHC, Category III
SLHC, or a SLHC with average total consolidated assets of greater than
$250 billion to establish and maintain a system of controls, oversight,
and documentation, including policies and procedures, that are designed
to ensure that its stress testing processes are effective in meeting
the relevant requirements. These policies and procedures must, at a
minimum, describe the covered company's stress testing practices and
methodologies, and processes for validating and updating the company's
stress test practices and methodologies consistent with applicable laws
and regulations.
Frequency: Ongoing, annual, bi-annual, or event-generated.
Respondents: Foreign SLHCs with average total consolidated assets
of greater than $250 billion and domestic covered SLHCs with average
total consolidated assets of greater than $100 billion.
Total estimated number of respondents: 1.
Total estimated change in burden: 31.
Total estimated annual burden hours: 14,430.\1\
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\1\ More detailed information regarding this collection,
including more detailed burden estimates, can be found in the OMB
Supporting Statement posted at https://www.federalreserve.gov/apps/reportingforms/home/review. On the page displayed at the link, you
can find the OMB Supporting Statement by referencing the collection
identifier, FR LL.
Board of Governors of the Federal Reserve System, September 22,
2023.
Erin M. Cayce,
Assistant Secretary of the Board.
[FR Doc. 2023-21160 Filed 9-27-23; 8:45 am]
BILLING CODE 6210-01-P
