Proposed Agency Information Collection Activities; Comment Request, 54462-54463 [2024-14365]
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54462
Federal Register / Vol. 89, No. 126 / Monday, July 1, 2024 / Notices
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 Treasury
Securities and Agency Debt and
Mortgage-Backed Securities Reporting
Requirements (FR 2956; OMB No. 7100–
0383).
DATES: Comments must be submitted on
or before August 30, 2024.
ADDRESSES: You may submit comments,
identified by FR 2956, 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
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
ddrumheller on DSK120RN23PROD with NOTICES1
SUMMARY:
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20:36 Jun 28, 2024
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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. On
the page displayed at the link above,
you can find the supporting information
by referencing the collection identifier,
FR 2956. 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;
PO 00000
Frm 00059
Fmt 4703
Sfmt 4703
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: Treasury Securities
and Agency Debt and Mortgage-Backed
Securities Reporting Requirements.
Collection identifier: FR 2956.
OMB control number: 7100–0383.
General description of collection: The
FR 2956 collects detailed data on
depository institutions’ daily
transactions trading of marketable U.S.
Treasury securities and transactions
trading of the debt and mortgage-backed
securities (MBS) issued by U.S. federal
government agencies including
government-sponsored enterprises
(agencies). The 2956 has two parts: Part
1 collects data on transactions in U.S.
Treasury debt, and Part 2 collects
transactions in debt and MBS issued by
agencies. Every national bank, state
member bank, state non-member bank,
savings association, or U.S. branch and
agency of a foreign bank filing a Notice
by Financial Institutions of Government
Securities Broker or Government
Securities Dealer Activities (Form G–
FIN; OMB No. 7100–0224) with average
daily transaction volumes of over $100
million, for U.S. Treasury debt, or over
$50 million, for agency-issued debt and
MBS, during the prior fiscal year is
subject to the these reporting
requirements. Depository institutions
subject to the reporting requirements of
the FR 2956 electronically report
transactions through the Board’s data
collection vendor, the Financial
Industry Regulatory Authority (FINRA),
utilizing its Trade Reporting and
Compliance Engine (TRACE). Brokerdealers that are members of FINRA
report transactions pursuant to the
FINRA rules, and not the FR 2956. The
Board receives data on transactions
executed by FINRA members.
Proposed revisions: The Board
proposes to revise Part 1 of the FR 2956
report, which pertains to the reporting
of transactions in U.S. Treasury
securities, by updating (i) the timeframe
within which a depository institution
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01JYN1
Federal Register / Vol. 89, No. 126 / Monday, July 1, 2024 / Notices
subject to the reporting requirements of
Part 1 of the FR 2956 must report
transactions in U.S. Treasury securities,
and (ii) for transactions executed
electronically, the minimum increment
of time that must be used for reporting
the execution times. The Board also
proposes certain technical and
clarifying revisions to Part 2 of the FR
2956 report. Specifically, the revisions
are intended to make the definitions
clearer and to correct an error.
Frequency: Daily, event-generated.
Respondents: Depository institutions
that meet the above reporting
thresholds. Prime brokers or depository
institutions who file Form G–FIN and
are FINRA members acting as an
executing broker and that therefore
already are subject to TRACE reporting
pursuant to FINRA rules are exempt
from this reporting requirement.
Total estimated number of
respondents: 22.
Total estimated change in burden:
(11,000).
Total estimated annual burden hours:
22,000.
Board of Governors of the Federal Reserve
System, June 25, 2024.
Benjamin W. McDonough,
Deputy Secretary and Ombuds of the Board.
[FR Doc. 2024–14365 Filed 6–28–24; 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
Recordkeeping Provisions Associated
with Stress Testing Guidance (FR 4202;
OMB No. 7100–0348).
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
ddrumheller on DSK120RN23PROD with NOTICES1
AGENCY:
VerDate Sep<11>2014
20:36 Jun 28, 2024
Jkt 262001
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. On
the page displayed at the link above,
you can find the supporting information
by referencing the collection identifier,
FR 4202.
Final Approval Under OMB Delegated
Authority of the Extension for Three
Years, Without Revision, of the
Following Information Collection
Collection title: Recordkeeping
Provisions Associated with Stress
Testing Guidance.
Collection identifier: FR 4202.
OMB control number: 7100–0348.
General description of collection: The
Stress Testing Guidance was issued
jointly by the Board, Federal Deposit
Insurance Corporation, and Office of the
Comptroller of the Currency on May 17,
2012. The interagency guidance outlines
high-level principles for stress testing
practices applicable to all Boardsupervised banking organizations with
more than $10 billion in total
consolidated assets.
Frequency: Event-generated.
Respondents: Board-supervised
banking organizations with more than
$10 billion in total consolidated assets.
These include state member banks, bank
holding companies, and all other
institutions for which the Board is the
primary federal supervisor.
Total estimated number of
respondents: 135.
Total estimated annual burden hours:
13,920.
Current actions: On February 16,
2024, the Board published a notice in
the Federal Register (89 FR 12339)
requesting public comment for 60 days
on the extension, without revision, of
the FR 4202. The comment period for
this notice expired on April 16, 2024.
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54463
The Board did not receive any
comments.
Board of Governors of the Federal Reserve
System, June 25, 2024.
Benjamin W. McDonough,
Deputy Secretary and Ombuds of the Board.
[FR Doc. 2024–14366 Filed 6–28–24; 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, without revision, the
Recordkeeping and Disclosure
Requirements Associated with
Consumer Financial Protection Bureau’s
(CFPB’s) Regulation B (FR B; OMB No.
7100–0201).
DATES: Comments must be submitted on
or before August 30, 2024.
ADDRESSES: You may submit comments,
identified by FR B, 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
Board requires that visitors make an
appointment to inspect comments. You
SUMMARY:
E:\FR\FM\01JYN1.SGM
01JYN1
]]>Agencies
[Federal Register Volume 89, Number 126 (Monday, July 1, 2024)]
[Notices]
[Pages 54462-54463]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-14365]
[[Page 54462]]
-----------------------------------------------------------------------
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 Treasury Securities and Agency Debt and Mortgage-Backed Securities
Reporting Requirements (FR 2956; OMB No. 7100-0383).
DATES: Comments must be submitted on or before August 30, 2024.
ADDRESSES: You may submit comments, identified by FR 2956, 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 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. On the page displayed at the link above, you can
find the supporting information by referencing the collection
identifier, FR 2956. 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: Treasury Securities and Agency Debt and Mortgage-
Backed Securities Reporting Requirements.
Collection identifier: FR 2956.
OMB control number: 7100-0383.
General description of collection: The FR 2956 collects detailed
data on depository institutions' daily transactions trading of
marketable U.S. Treasury securities and transactions trading of the
debt and mortgage-backed securities (MBS) issued by U.S. federal
government agencies including government-sponsored enterprises
(agencies). The 2956 has two parts: Part 1 collects data on
transactions in U.S. Treasury debt, and Part 2 collects transactions in
debt and MBS issued by agencies. Every national bank, state member
bank, state non-member bank, savings association, or U.S. branch and
agency of a foreign bank filing a Notice by Financial Institutions of
Government Securities Broker or Government Securities Dealer Activities
(Form G-FIN; OMB No. 7100-0224) with average daily transaction volumes
of over $100 million, for U.S. Treasury debt, or over $50 million, for
agency-issued debt and MBS, during the prior fiscal year is subject to
the these reporting requirements. Depository institutions subject to
the reporting requirements of the FR 2956 electronically report
transactions through the Board's data collection vendor, the Financial
Industry Regulatory Authority (FINRA), utilizing its Trade Reporting
and Compliance Engine (TRACE). Broker-dealers that are members of FINRA
report transactions pursuant to the FINRA rules, and not the FR 2956.
The Board receives data on transactions executed by FINRA members.
Proposed revisions: The Board proposes to revise Part 1 of the FR
2956 report, which pertains to the reporting of transactions in U.S.
Treasury securities, by updating (i) the timeframe within which a
depository institution
[[Page 54463]]
subject to the reporting requirements of Part 1 of the FR 2956 must
report transactions in U.S. Treasury securities, and (ii) for
transactions executed electronically, the minimum increment of time
that must be used for reporting the execution times. The Board also
proposes certain technical and clarifying revisions to Part 2 of the FR
2956 report. Specifically, the revisions are intended to make the
definitions clearer and to correct an error.
Frequency: Daily, event-generated.
Respondents: Depository institutions that meet the above reporting
thresholds. Prime brokers or depository institutions who file Form G-
FIN and are FINRA members acting as an executing broker and that
therefore already are subject to TRACE reporting pursuant to FINRA
rules are exempt from this reporting requirement.
Total estimated number of respondents: 22.
Total estimated change in burden: (11,000).
Total estimated annual burden hours: 22,000.
Board of Governors of the Federal Reserve System, June 25, 2024.
Benjamin W. McDonough,
Deputy Secretary and Ombuds of the Board.
[FR Doc. 2024-14365 Filed 6-28-24; 8:45 am]
BILLING CODE 6210-01-P
