Proposed Agency Information Collection Activities; Comment Request, 84328-84330 [2023-26584]
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84328
Federal Register / Vol. 88, No. 232 / Tuesday, December 5, 2023 / Notices
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.
Total estimated change in burden: 66.
Total estimated annual burden hours:
2,021. 1
Current actions: On July 19, 2023, the
Board published a notice in the Federal
Register (88 FR 46161) requesting
public comment for 60 days on the
extension, with revision, of the FR Y–
12 and FR Y–12A. The Board proposed
to revise the FR Y–12 and FR Y–12A
instructions by clarifying when
respondents should submit their reports
when the submission deadline falls on
a weekend or holiday, modifying and
clarifying recordkeeping requirements,
clarifying the reported amount of a
firm’s aggregate nonfinancial equity
investment, clarifying which columns
are applicable to certain FR Y–12
schedules, and aligning the two reports’
submission deadlines. The comment
period for this notice expired on
September 18, 2023. The Board did not
receive any comments. The revisions
will be implemented as originally
proposed.
Final Approval Under OMB Delegated
Authority of the Extension for Three
Years, With Revision, of the Following
Information Collection
Collection title: Consolidated Holding
Company Report of Equity Investments
in Nonfinancial Companies and the
Annual Report of Merchant Banking
Investments Held for an Extended
Period.
Collection identifier: FR Y–12, FR Y–
12A.
OMB control number: 7100–0300.
Effective Date: December 31, 2023.
General description of collection: The
FR Y–12 report collects information
from certain holding companies on their
equity investments in nonfinancial
companies. The FR Y–12A report
collects information from certain
financial holding companies (FHCs) on
merchant banking investments that they
have held for longer than 8 years (or 13
years in the case of investments held
through a qualifying private equity
fund). The Board uses the FR Y–12
report to monitor the growth in equity
investments in nonfinancial companies
and their contributions to capital,
profitability, risk, and volatility. The
Board uses the FR Y–12A report to
monitor investments that are
approaching the end of their applicable
holding periods.
Frequency: Quarterly, semiannually,
annually.
Respondents: Bank holding
companies, savings and loan holding
companies, U.S. intermediate holding
companies, and certain FHCs.
Total estimated number of
respondents: 31.
Board of Governors of the Federal Reserve
System, November 29, 2023.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
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16:35 Dec 04, 2023
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[FR Doc. 2023–26583 Filed 12–4–23; 8:45 am]
BILLING CODE 6210–01–P
on an expedited basis, upon request, by
contacting the appropriate Federal
Reserve Bank and from the Board’s
Freedom of Information Office at
https://www.federalreserve.gov/foia/
request.htm. Interested persons may
express their views in writing on the
standards enumerated in the BHC Act
(12 U.S.C. 1842(c)).
Comments regarding each of these
applications must be received at the
Reserve Bank indicated or the offices of
the Board of Governors, Ann E.
Misback, Secretary of the Board, 20th
Street and Constitution Avenue NW,
Washington DC 20551–0001, not later
than January 4, 2024.
A. Federal Reserve Bank of Kansas
City (Jeffrey Imgarten, Assistant Vice
President) 1 Memorial Drive, Kansas
City, Missouri 64198–0001. Comments
can also be sent electronically to
KCApplicationComments@kc.frb.org:
1. Firstar Financial Corp., Muskogee,
Oklahoma; to merge with Stigler
Bancorporation, Inc., and thereby
indirectly acquire The First National
Bank of Stigler, both of Stigler,
Oklahoma.
Board of Governors of the Federal Reserve
System.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2023–26688 Filed 12–4–23; 8:45 am]
FEDERAL RESERVE SYSTEM
BILLING CODE P
Formations of, Acquisitions by, and
Mergers of Bank Holding Companies
FEDERAL RESERVE SYSTEM
The companies listed in this notice
have applied to the Board for approval,
pursuant to the Bank Holding Company
Act of 1956 (12 U.S.C. 1841 et seq.)
(BHC Act), Regulation Y (12 CFR part
225), and all other applicable statutes
and regulations to become a bank
holding company and/or to acquire the
assets or the ownership of, control of, or
the power to vote shares of a bank or
bank holding company and all of the
banks and nonbanking companies
owned by the bank holding company,
including the companies listed below.
The public portions of the
applications listed below, as well as
other related filings required by the
Board, if any, are available for
immediate inspection at the Federal
Reserve Bank(s) indicated below and at
the offices of the Board of Governors.
This information may also be obtained
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 Y–12 and FR Y–12A.
PO 00000
Frm 00032
Fmt 4703
Sfmt 4703
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 WW (FR WW; OMB No.
7100–0367).
DATES: Comments must be submitted on
or before February 5, 2024.
ADDRESSES: You may submit comments,
identified by FR WW, 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.
SUMMARY:
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khammond on DSKJM1Z7X2PROD with NOTICES
Federal Register / Vol. 88, No. 232 / Tuesday, December 5, 2023 / Notices
• 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
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
VerDate Sep<11>2014
16:35 Dec 04, 2023
Jkt 262001
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/reporting
forms/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 WW.
Collection identifier: FR WW.
OMB control number: 7100–0367.
General description of collection: The
Board, Federal Deposit Insurance
Corporation (FDIC), and Office of the
Comptroller of the Currency (OCC)
(collectively, the agencies) implemented
a liquidity coverage ratio (LCR)
requirement and a net stable funding
ratio (NSFR) requirement, consistent
with the international liquidity
standards published by the Basel
PO 00000
Frm 00033
Fmt 4703
Sfmt 4703
84329
Committee on Banking Supervision
(BCBS), for large and internationally
active banking organizations. For the
Board, these standards are implemented
through Regulation WW—Liquidity Risk
Measurement, Standards, and
Monitoring (12 CFR part 249). The
NSFR and LCR requirements in
Regulation WW apply to certain large
state member banks, covered depository
institution holding companies, and U.S.
intermediate holding companies of
foreign banking organizations, as well as
covered nonbank companies (together,
covered companies). The reporting,
recordkeeping, and disclosure
requirements contained in FR WW are
used to monitor covered companies’
compliance with the LCR and NSFR.
Proposed revisions: The Board
proposes to revise the FR WW
information collection to account for
three recordkeeping requirements in
Regulation WW, contained in sections
249.4(a), 249.22(a)(1), and (a)(4), which
had not been previously cleared by the
Board under the PRA. Section 249.4(a)
requires covered companies to produce
and maintain certain records that
document the compliance of their
qualifying master netting agreement
with the requirements of section 249.3,
and that establish and document
procedures for ensuring that these
agreements remain compliant with the
requirement of the regulation. In
addition, section 249.22(a)(1) requires
covered companies to demonstrate their
capacity to monetize high-quality liquid
assets (HQLA) by implementing and
maintaining procedures and systems to
monetize any HQLA in accordance with
certain parameters. Moreover, section
249.22(a)(4) requires that the covered
company implement and maintain
policies and procedures that determine
the composition of its eligible HQLA on
each calculation date according to
certain required steps.
The Board is also utilizing a standard
burden calculation methodology for the
estimated hours per response, which
caused a net reduction in total burden
even though there are three additional
recordkeeping requirements now being
accounted for.
Frequency: The reporting
requirements of the FR WW information
collection are submitted on an eventgenerated basis. The recordkeeping
requirements of the FR WW information
collection are both event-generated and
ongoing. The disclosure requirements of
the FR WW information collection must
be met on a quarterly basis (relating to
the LCR) as well as every second and
fourth calendar quarter (relating to the
NSFR) and must remain publicly
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Federal Register / Vol. 88, No. 232 / Tuesday, December 5, 2023 / Notices
available for at least five years after the
initial disclosure date.
Respondents: The FR WW panel
comprises covered companies, as
defined above. Certain requirements
apply only to covered holding and
nonbank companies.
Total estimated number of
respondents: 21.
Total estimated change in burden:
(446).
Total estimated annual burden hours:
2,483.1
Board of Governors of the Federal Reserve
System, November 29, 2023.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2023–26584 Filed 12–4–23; 8:45 am]
BILLING CODE 6210–01–P
FEDERAL TRADE COMMISSION
Agency Information Collection
Activities; Proposed Collection;
Comment Request; Extension
Federal Trade Commission.
Notice.
AGENCY:
ACTION:
In accordance with the
Paperwork Reduction Act of 1995
(‘‘PRA’’), the Federal Trade Commission
(‘‘FTC’’ or ‘‘Commission’’) is seeking
public comment on its proposal to
extend for an additional three years the
clearance from the Office of
Management and Budget (‘‘OMB’’) for
information collection requirements in
the Energy Labeling Rule (‘‘Rule’’). That
clearance expires on February 29, 2024.
DATES: Comments must be filed by
February 5, 2024.
ADDRESSES: Interested parties may file a
comment online or on paper, by
following the instructions in the
Request for Comment part of the
SUPPLEMENTARY INFORMATION section
below. Write ‘‘Energy Labeling Rule,
PRA Comment, P145403,’’ on your
comment, and file your comment online
at https://www.regulations.gov by
following the instructions on the webbased form. If you prefer to file your
comment on paper, mail your comment
to the following address: Federal Trade
Commission, Office of the Secretary,
600 Pennsylvania Avenue NW, Suite
CC–5610 (Annex J), Washington, DC
20580.
khammond on DSKJM1Z7X2PROD with NOTICES
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 WW.
VerDate Sep<11>2014
16:35 Dec 04, 2023
Jkt 262001
FOR FURTHER INFORMATION CONTACT:
Hampton Newsome, Attorney, Division
of Enforcement, Bureau of Consumer
Protection, Federal Trade Commission,
hnewsome@ftc.gov, (202) 326–2889.
SUPPLEMENTARY INFORMATION:
Title of Collection: Energy Labeling
Rule (Rule), 16 CFR part 305.
OMB Control Number: 3084–0069.
Type of Review: Extension without
change of currently approved collection.
Affected Public: Private Sector:
Businesses and other for-profit entities.
Estimated Annual Burden Hours:
821,651.
Estimated Annual Labor Costs:
24,690,012.
Estimated Annual Non-labor Costs:
$3,000,000.
Abstract: The Energy Labeling Rule
implements the Energy Policy and
Conservation Act of 1975 (‘‘EPCA’’).1
The Rule establishes testing, reporting,
recordkeeping, and labeling
requirements for manufacturers of major
household products (refrigerators,
refrigerator-freezers, and freezers;
dishwashers; clothes washers; water
heaters; room air conditioners; furnaces;
central air conditioners; heat pumps;
pool heaters; fluorescent lamp ballasts;
lamp products; plumbing fittings;
plumbing fixtures; ceiling fans;
consumer specialty lamps; and
televisions). The requirements relate
specifically to the disclosure of
information relating to energy
consumption and water usage. The
Rule’s testing and disclosure
requirements enable consumers
purchasing products to compare the
efficiency or energy use of competing
models. In addition, EPCA and the Rule
require manufacturers to submit
relevant data to the Commission
regarding energy or water usage in
connection with the products they
manufacture. The Commission uses this
data to compile ranges of comparability
for covered appliances for publication
in the Federal Register. These
submissions, along with required
records for testing data, may also be
used in enforcement actions involving
alleged misstatements on labels or in
advertisements.
As required by section 3506(c)(2)(A)
of the PRA, 44 U.S.C. 3506(c)(2)(A), the
FTC is providing this opportunity for
public comment before requesting that
OMB extend the existing clearance for
the information collection requirements
contained in the Rule.
Burden Estimates
Estimated annual hours burden:
821,651.
1 42
PO 00000
U.S.C. 6294.
Frm 00034
Fmt 4703
Sfmt 4703
The estimated hours burden imposed
by Section 324 of EPCA and the
Commission’s Rule include burdens for
testing (693,320 hours); reporting (2,646
hours); recordkeeping (807 hours);
labeling (112,272 hours); retail and
online catalog disclosures (6,800 hours);
and online label posting (5,806 hours).
The total burden for these activities is
821,651 hours (rounded to the nearest
hour).
The following estimates of the time
needed to comply with the requirements
of the Rule are based on census data,
Department of Energy figures and
estimates, general knowledge of
manufacturing practices, and industry
input and figures. Because the
compliance burden falls almost entirely
on manufacturers and importers (with a
de minimis burden for retailers), burden
estimates are calculated on the basis of
the number of domestic manufacturers
and/or the number of units shipped
domestically in the various product
categories.
A. Testing
Under the Rule, manufacturers of
covered products must test each basic
model they produce to determine energy
usage (or, in the case of plumbing
fixtures, water consumption). The
burden imposed by this requirement is
determined by the number of basic
models produced, the average number
of units tested per model, and the time
required to conduct the applicable test.
Manufacturers need not subject each
basic model to testing annually; they
must retest only if the product design
changes in such a way as to affect
energy consumption. The staff estimates
that the proportion of models tested
each year ranges roughly between 10%
and 50% and that the actual percentage
of basic models tested varies by
appliance category. In addition, the
majority of tests conducted are required
by Department of Energy requirements;
therefore, it is likely that only a small
portion of the tests conducted is
attributable to the Rule’s requirements.
Accordingly, the burden estimates are
based on the assumption that 25% of all
basic models are tested annually due to
the Rule’s requirements. Thus, the
estimated testing burden for the various
categories of products covered by the
Rule is as follows: 2
2 The following numbers reflect estimates of the
basic models in the market and test burdens based
on information collected by the Department of
Energy or other sources. The actual basic model
numbers will vary from year to year.
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Agencies
[Federal Register Volume 88, Number 232 (Tuesday, December 5, 2023)]
[Notices]
[Pages 84328-84330]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-26584]
-----------------------------------------------------------------------
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 WW (FR WW; OMB No. 7100-0367).
DATES: Comments must be submitted on or before February 5, 2024.
ADDRESSES: You may submit comments, identified by FR WW, 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.
[[Page 84329]]
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 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 WW.
Collection identifier: FR WW.
OMB control number: 7100-0367.
General description of collection: The Board, Federal Deposit
Insurance Corporation (FDIC), and Office of the Comptroller of the
Currency (OCC) (collectively, the agencies) implemented a liquidity
coverage ratio (LCR) requirement and a net stable funding ratio (NSFR)
requirement, consistent with the international liquidity standards
published by the Basel Committee on Banking Supervision (BCBS), for
large and internationally active banking organizations. For the Board,
these standards are implemented through Regulation WW--Liquidity Risk
Measurement, Standards, and Monitoring (12 CFR part 249). The NSFR and
LCR requirements in Regulation WW apply to certain large state member
banks, covered depository institution holding companies, and U.S.
intermediate holding companies of foreign banking organizations, as
well as covered nonbank companies (together, covered companies). The
reporting, recordkeeping, and disclosure requirements contained in FR
WW are used to monitor covered companies' compliance with the LCR and
NSFR.
Proposed revisions: The Board proposes to revise the FR WW
information collection to account for three recordkeeping requirements
in Regulation WW, contained in sections 249.4(a), 249.22(a)(1), and
(a)(4), which had not been previously cleared by the Board under the
PRA. Section 249.4(a) requires covered companies to produce and
maintain certain records that document the compliance of their
qualifying master netting agreement with the requirements of section
249.3, and that establish and document procedures for ensuring that
these agreements remain compliant with the requirement of the
regulation. In addition, section 249.22(a)(1) requires covered
companies to demonstrate their capacity to monetize high-quality liquid
assets (HQLA) by implementing and maintaining procedures and systems to
monetize any HQLA in accordance with certain parameters. Moreover,
section 249.22(a)(4) requires that the covered company implement and
maintain policies and procedures that determine the composition of its
eligible HQLA on each calculation date according to certain required
steps.
The Board is also utilizing a standard burden calculation
methodology for the estimated hours per response, which caused a net
reduction in total burden even though there are three additional
recordkeeping requirements now being accounted for.
Frequency: The reporting requirements of the FR WW information
collection are submitted on an event-generated basis. The recordkeeping
requirements of the FR WW information collection are both event-
generated and ongoing. The disclosure requirements of the FR WW
information collection must be met on a quarterly basis (relating to
the LCR) as well as every second and fourth calendar quarter (relating
to the NSFR) and must remain publicly
[[Page 84330]]
available for at least five years after the initial disclosure date.
Respondents: The FR WW panel comprises covered companies, as
defined above. Certain requirements apply only to covered holding and
nonbank companies.
Total estimated number of respondents: 21.
Total estimated change in burden: (446).
Total estimated annual burden hours: 2,483.\1\
---------------------------------------------------------------------------
\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 WW.
Board of Governors of the Federal Reserve System, November 29,
2023.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2023-26584 Filed 12-4-23; 8:45 am]
BILLING CODE 6210-01-P