Proposed Agency Information Collection Activities; Comment Request, 84141-84142 [2023-26572]

Download as PDF Federal Register / Vol. 88, No. 231 / Monday, December 4, 2023 / Notices (AIEO) commits to providing templates to assist Tribes considering a streamlined format. The template itself does not introduce any new requirements, nor does it limit the information that applicants may submit. Form Numbers: None. Respondents/affected entities: small governmental jurisdiction (Federally recognized Tribes and intertribal consortia). Respondent’s obligation to respond: mandatory if the recipient chooses to combine their GAP EPA-Tribal Environmental Plan and Work Plan into one document. Estimated number of respondents: 500 (total). Frequency of response: annually (and also every 3–5 years). Total estimated burden: 2 hours (per year) and 28 hours (every 3–5 years). Burden is defined at 5 CFR 1320.03(b). Total estimated cost: $1650 (30 hours total/every 3–5 years), but $110 (per year). Changes in Estimates: There will likely be a decrease of hours in the total estimated respondent burden due to the fact that the recipients will now have a streamlined template, resulting in less duplicative and unnecessary reporting and increased clarity in what reporting is required. Jane Nishida, Assistant Administrator, Office of International and Tribal Affairs. [FR Doc. 2023–26520 Filed 12–1–23; 8:45 am] BILLING CODE 6560–50–P 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 extend for three years, without revision, the Reports of Deposits (FR 2900, FR 2915; OMB No. 7100–0087). 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 ddrumheller on DSK120RN23PROD with NOTICES1 AGENCY: VerDate Sep<11>2014 19:20 Dec 01, 2023 Jkt 262001 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. Final Approval Under OMB Delegated Authority of the Extension for Three Years, Without Revision, of the Following Information Collection Collection title: Reports of Deposits. Collection identifier: FR 2900, FR 2915. OMB control number: 7100–0087. General description of collection: The Reports of Deposits information collection comprises the Report of Deposits and Vault Cash (FR 2900) and the Report of Foreign (Non-U.S.) Currency Deposits (FR 2915). The FR 2900 collects information on select deposits and vault cash from depository institutions. The FR 2915 collects the weekly average amount outstanding of deposits denominated in foreign (nonU.S.) currencies held at U.S. offices of depository institutions that are included in the FR 2900. Frequency: Weekly; quarterly. Respondents: Depository institutions. Total estimated number of respondents: 994; 111. Estimated average hours per response: 1.14; 0.55. Total estimated annual burden hours: 59,168.1 Current actions: On August 18, 2023, the Board published a notice in the 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 2900, FR 2915. PO 00000 Frm 00023 Fmt 4703 Sfmt 4703 84141 Federal Register (88 FR 56622) requesting public comment for 60 days on the extension, without revision, of the Reports of Deposits collection. The comment period for this notice expired on October 17, 2023. The Board did not receive any comments. Board of Governors of the Federal Reserve System, November 29, 2023. Michele Taylor Fennell, Deputy Associate Secretary of the Board. [FR Doc. 2023–26571 Filed 12–1–23; 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 Market Risk Capital Rule (FR 4201; OMB No. 7100–0314). DATES: Comments must be submitted on or before February 2, 2024. ADDRESSES: You may submit comments, identified by FR 4201, 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, 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 SUMMARY: E:\FR\FM\04DEN1.SGM 04DEN1 84142 Federal Register / Vol. 88, No. 231 / Monday, December 4, 2023 / Notices ddrumheller on DSK120RN23PROD with NOTICES1 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: a. Whether the proposed collection of information is necessary for the proper VerDate Sep<11>2014 19:20 Dec 01, 2023 Jkt 262001 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: Market Risk Capital Rule. Collection identifier: FR 4201. OMB control number: 7100–0314. General description of collection: The market risk rule, which requires banking organizations to hold capital to cover their exposure to market risk, is a component of the Board’s regulatory capital framework, Regulation Q— Capital Adequacy of Bank Holding Companies, Savings and Loan Holding Companies, and State Member Banks (12 CFR part 217). The rule includes information collections that permit the Board to monitor the market risk profile of Board-regulated banking organizations that have significant market risk. These information collections provide current statistical data identifying market risk areas on which to focus onsite and offsite examinations. They also allow the Board to assess the levels and components of each reporting institution’s risk-based capital requirements for market risk and the adequacy of the institution’s capital under the market risk rule. Proposed revisions: The Board proposes to revise the FR 4201 information collection to account for a recordkeeping requirement in section 217.203(b)(2) of Regulation Q that had not been previously cleared by the Board. Section 217.203(b)(2) requires subject banking organizations to have a process for prudent valuation of their covered positions that includes policies PO 00000 Frm 00024 Fmt 4703 Sfmt 4703 and procedures on the valuation of positions, marking positions to market or to model, independent price verification, and valuation adjustments or reserves. The valuation process must consider, as appropriate, unearned credit spreads, close-out costs, early termination costs, investing and funding costs, liquidity, and model risk. Frequency: Annual, quarterly, and on occasion. Respondents: Bank holding companies, covered savings and loan holding companies,1 U.S. intermediate holding companies of foreign banking organizations, and state member banks (collectively, banking organizations) that meet certain risk thresholds. The market risk rule applies to any such banking organization with aggregate trading assets and trading liabilities equal to (1) 10 percent or more of quarter-end total assets or (2) $1 billion or more. Total estimated number of respondents: 37. Total estimated change in burden: 592. Total estimated annual burden hours: 36,236.2 Board of Governors of the Federal Reserve System, November 29, 2023. Michele Taylor Fennell, Deputy Associate Secretary of the Board. [FR Doc. 2023–26572 Filed 12–1–23; 8:45 am] BILLING CODE 6210–01–P 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 extend for three years, without revision, the Reporting Requirements Associated with Regulation XX (FR XX; OMB No. 7100– 0363). FOR FURTHER INFORMATION CONTACT: Federal Reserve Board Clearance Officer—Nuha Elmaghrabi—Office of the Chief Data Officer, Board of Governors of the Federal Reserve AGENCY: 1 For the definition of ‘‘covered savings and loan holding company,’’ see 12 CFR 217.2. 2 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 4201. E:\FR\FM\04DEN1.SGM 04DEN1

Agencies

[Federal Register Volume 88, Number 231 (Monday, December 4, 2023)]
[Notices]
[Pages 84141-84142]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-26572]


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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 Market Risk Capital Rule (FR 4201; OMB No. 7100-0314).

DATES: Comments must be submitted on or before February 2, 2024.

ADDRESSES: You may submit comments, identified by FR 4201, 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, 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

[[Page 84142]]

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: Market Risk Capital Rule.
    Collection identifier: FR 4201.
    OMB control number: 7100-0314.
    General description of collection: The market risk rule, which 
requires banking organizations to hold capital to cover their exposure 
to market risk, is a component of the Board's regulatory capital 
framework, Regulation Q--Capital Adequacy of Bank Holding Companies, 
Savings and Loan Holding Companies, and State Member Banks (12 CFR part 
217). The rule includes information collections that permit the Board 
to monitor the market risk profile of Board-regulated banking 
organizations that have significant market risk. These information 
collections provide current statistical data identifying market risk 
areas on which to focus onsite and offsite examinations. They also 
allow the Board to assess the levels and components of each reporting 
institution's risk-based capital requirements for market risk and the 
adequacy of the institution's capital under the market risk rule.
    Proposed revisions: The Board proposes to revise the FR 4201 
information collection to account for a recordkeeping requirement in 
section 217.203(b)(2) of Regulation Q that had not been previously 
cleared by the Board. Section 217.203(b)(2) requires subject banking 
organizations to have a process for prudent valuation of their covered 
positions that includes policies and procedures on the valuation of 
positions, marking positions to market or to model, independent price 
verification, and valuation adjustments or reserves. The valuation 
process must consider, as appropriate, unearned credit spreads, close-
out costs, early termination costs, investing and funding costs, 
liquidity, and model risk.
    Frequency: Annual, quarterly, and on occasion.
    Respondents: Bank holding companies, covered savings and loan 
holding companies,\1\ U.S. intermediate holding companies of foreign 
banking organizations, and state member banks (collectively, banking 
organizations) that meet certain risk thresholds. The market risk rule 
applies to any such banking organization with aggregate trading assets 
and trading liabilities equal to (1) 10 percent or more of quarter-end 
total assets or (2) $1 billion or more.
---------------------------------------------------------------------------

    \1\ For the definition of ``covered savings and loan holding 
company,'' see 12 CFR 217.2.
---------------------------------------------------------------------------

    Total estimated number of respondents: 37.
    Total estimated change in burden: 592.
    Total estimated annual burden hours: 36,236.\2\
---------------------------------------------------------------------------

    \2\ 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 4201.

    Board of Governors of the Federal Reserve System, November 29, 
2023.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2023-26572 Filed 12-1-23; 8:45 am]
BILLING CODE 6210-01-P
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