Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 84142-84143 [2023-26573]

Download as PDF 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 ddrumheller on DSK120RN23PROD with NOTICES1 Federal Register / Vol. 88, No. 231 / Monday, December 4, 2023 / Notices 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. (4) any other company that controls an insured depository institution, (5) a nonbank financial company designated by the Financial Stability Oversight Council (Council) for supervision by the Board, or (6) a foreign bank or company that is treated as a bank holding company for purposes of the BHC Act. Regulation XX includes certain reporting requirements that apply to financial companies (sections 251.3(e), 251.4(b), and 251.4(c)). In addition, section 251.6 of Regulation XX requires financial companies that do not report consolidated financial information to the Board or other appropriate Federal banking agency to report information on their total liabilities; the Board has implemented this requirement through the Financial Company (as defined) Report of Consolidated Liabilities (FR XX–1). Frequency: Event-generated, annual. Respondents: Financial companies. Total estimated number of respondents: 35. Total estimated annual burden hours: 97.1 Current actions: On July 19, 2023, the Board published a notice in the Federal Register (88 FR 46162) requesting public comment for 60 days on the extension, without revision, of the FR XX. The comment period for this notice expired on September 18, 2023. The Board did not receive any comments. Final Approval Under OMB Delegated Authority of the Extension for Three Years, Without Revision, of the Following Information Collection Collection title: Reporting Requirements Associated with Regulation XX. Collection identifier: FR XX. OMB control number: 7100–0363. General description of collection: The Board’s Regulation XX—Concentration Limit (12 CFR part 251) implements section 14 of the Bank Holding Company Act of 1956 (BHC Act), which establishes a financial sector concentration limit that generally prohibits a financial company from merging or consolidating with, or otherwise acquiring, another company if the resulting company’s liabilities upon consummation would exceed 10 percent of the aggregate liabilities of all financial companies (a covered acquisition). Under section 14 of the BHC Act and Regulation XX, a financial company means (1) an insured depository institution, (2) a bank holding company, (3) a savings and loan holding company, Board of Governors of the Federal Reserve System, November 29, 2023. Michele Taylor Fennell, Deputy Associate Secretary of the Board. VerDate Sep<11>2014 19:20 Dec 01, 2023 Jkt 262001 [FR Doc. 2023–26573 Filed 12–1–23; 8:45 am] BILLING CODE 6210–01–P DEPARTMENT OF HEALTH AND HUMAN SERVICES Administration for Children and Families [CFDA Number: 93.568] Reallotment of Fiscal Year 2022 Funds for the Low Income Home Energy Program-Final Office of Community Services, Administration for Children and AGENCY: Families, Department of Health and Human Services. ACTION: Notice of final issuance. The Administration for Children and Families (ACF), Office of Community Service (OCS), Division of Energy Assistance announces that $17,260,985 of funds from the federal fiscal year (FFY) 2022 Low Income Home Energy Assistance Program (LIHEAP) were reallotted to states, territories, tribes, and tribal organizations that received FFY 2023 direct LIHEAP grants. SUMMARY: This notice became effective on Sep. 29, 2023, which is the date on which ACF awarded these reallotments. DATES: FOR FURTHER INFORMATION CONTACT: Megan Meadows, Director, Division of Energy Assistance, Office of Community Services, 330 C Street SW, 5th Floor; Mail Room 5425; Washington, DC 20201. Telephone: 202–401–1149; email: Megan.Meadows@acf.hhs.gov. In accordance with section 2607(b)(1) of the Low Income Home Energy Assistance Act (the Act), title XXVI of the Omnibus Budget Reconciliation Act of 1981 (42 U.S.C. 8626(b)(1)), as amended, ACF published a notice in the Federal Register on Sep. 26, 2023, 88 FR 66005, announcing the Secretary’s preliminary determination that $21,985,238 of FFY 2022 funds for LIHEAP may be available for reallotment. ACF received one comment. It came from a member of the public who appeared to seek the program’s benefits. ACF advised the inquirer of the resources through which to seek information about such benefits. After such publication, ACF reduced this amount to $17,260,985 because of (1) reporting revisions made by grant recipient; and (2) insufficient Payment Management System balances. These funds became available from the following grant recipients in the following amounts: SUPPLEMENTARY INFORMATION: 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 XX. PO 00000 Frm 00025 Fmt 4703 Sfmt 4703 84143 E:\FR\FM\04DEN1.SGM 04DEN1

Agencies

[Federal Register Volume 88, Number 231 (Monday, December 4, 2023)]
[Notices]
[Pages 84142-84143]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-26573]


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FEDERAL RESERVE SYSTEM


Agency Information Collection Activities: Announcement of Board 
Approval Under Delegated Authority and Submission to OMB

AGENCY: 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

[[Page 84143]]

System, [email protected], (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. Board-approved 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: Reporting Requirements Associated with Regulation 
XX.
    Collection identifier: FR XX.
    OMB control number: 7100-0363.
    General description of collection: The Board's Regulation XX--
Concentration Limit (12 CFR part 251) implements section 14 of the Bank 
Holding Company Act of 1956 (BHC Act), which establishes a financial 
sector concentration limit that generally prohibits a financial company 
from merging or consolidating with, or otherwise acquiring, another 
company if the resulting company's liabilities upon consummation would 
exceed 10 percent of the aggregate liabilities of all financial 
companies (a covered acquisition). Under section 14 of the BHC Act and 
Regulation XX, a financial company means (1) an insured depository 
institution, (2) a bank holding company, (3) a savings and loan holding 
company, (4) any other company that controls an insured depository 
institution, (5) a nonbank financial company designated by the 
Financial Stability Oversight Council (Council) for supervision by the 
Board, or (6) a foreign bank or company that is treated as a bank 
holding company for purposes of the BHC Act. Regulation XX includes 
certain reporting requirements that apply to financial companies 
(sections 251.3(e), 251.4(b), and 251.4(c)). In addition, section 251.6 
of Regulation XX requires financial companies that do not report 
consolidated financial information to the Board or other appropriate 
Federal banking agency to report information on their total 
liabilities; the Board has implemented this requirement through the 
Financial Company (as defined) Report of Consolidated Liabilities (FR 
XX-1).
    Frequency: Event-generated, annual.
    Respondents: Financial companies.
    Total estimated number of respondents: 35.
    Total estimated annual burden hours: 97.\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 XX.
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    Current actions: On July 19, 2023, the Board published a notice in 
the Federal Register (88 FR 46162) requesting public comment for 60 
days on the extension, without revision, of the FR XX. The comment 
period for this notice expired on September 18, 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. 2023-26573 Filed 12-1-23; 8:45 am]
BILLING CODE 6210-01-P
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