Proposed Agency Information Collection Activities; Comment Request, 61116-61117 [2024-16672]
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Federal Register / Vol. 89, No. 146 / Tuesday, July 30, 2024 / Notices
khammond on DSKJM1Z7X2PROD with NOTICES
Final Approval Under OMB Delegated
Authority of the Extension for Three
Years, Without Revision, of the
Following Information Collection
Collection title: Recordkeeping
Guidance Associated with Changes in
Foreign Investments. Made Pursuant to
Regulation K.
Collection identifier: FR 2064.
OMB control number: 7100–0109.
General description of collection:
Internationally active U.S. banking
organizations are expected to maintain
adequate internal records to allow
examiners to review compliance with
the investment provisions of Regulation
K. This recordkeeping guidance is what
makes up the FR 2064. For each
investment made under Subpart A of
Regulation K, a banking organization
investor should maintain internal
records regarding the type of
investment; the amount of the
investment; the percentage ownership;
activities conducted by the company
and the legal authority for such
activities; and whether the investment
was made under general consent, prior
notice, or specific consent authority.
With respect to investments made under
general consent authority, information
also should be maintained that
demonstrates compliance with the
various limits set out in section 211.9 of
Regulation K. These records are
reviewed by examiners during
examinations, allowing the examiners to
determine a banking organization’s
compliance with the Federal Reserve
Act and Subpart A of Regulation K.
Monitoring banking organizations’
international investments also permits
the Federal Reserve to ensure that
banking organizations do not expose
themselves to undue risk.
Frequency: On-going.
Respondents: U.S. banking
organizations (member banks, Edge Act
and agreement corporations, and bank
holding companies) that have made a
foreign investment.
Total estimated number of
respondents: 20.
Total estimated annual burden hours:
160.
Current actions: On March 29, 2024,
the Board published a notice in the
Federal Register (89 FR 22147)
requesting public comment for 60 days
on the extension, without revision, of
the FR 2064. The comment period for
this notice expired on May 28, 2024.
The Board did not receive any
comments.
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Board of Governors of the Federal Reserve
System, July 24, 2024.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
Final Approval Under OMB Delegated
Authority of the Extension for Three
Years, Without Revision, of the
Following Information Collection
[FR Doc. 2024–16673 Filed 7–29–24; 8:45 am]
Collection title: International
Applications and Prior Notifications
under Subpart B of Regulation K.
Collection identifier: FR K–2.
OMB control number: 7100–0284.
General description of collection:
Subpart B of Regulation K implements
the International Banking Act of 1978
(IBA). Under the IBA foreign banks are
required to obtain the prior approval of
the Board to establish a branch, agency,
or representative office in the United
States; to establish or acquire ownership
or control of a commercial lending
company in the United States; or to
change the status of an agency or
limited branch to a branch in the United
States. The Board’s FR K–2 information
collection consists of attachments
submitted in connection with these
prior approval applications and helps in
supervising foreign banks with offices in
the United States.
Frequency: Event-generated.
Respondents: Foreign banks.
Total estimated number of
respondents: 13.
Total estimated annual burden hours:
372.
Current actions: On March 29, 2024,
the Board published a notice in the
Federal Register (89 FR 22149)
requesting public comment for 60 days
on the extension, without revision, of
the FR K–2. The comment period for
this notice expired on May 28, 2024.
The Board did not receive any
comments.
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
International Applications and Prior
Notifications under Subpart B of
Regulation K (FR K–2; OMB No. 7100–
0284).
FOR FURTHER INFORMATION CONTACT:
Federal Reserve Board Clearance
Officer—Nuha Elmaghrabi—Office of
the Chief Data Officer, Board of
Governors of the Federal Reserve
System, nuha.elmaghrabi@frb.gov, (202)
452–3884.
Office of Management and Budget
(OMB) Desk Officer for the Federal
Reserve Board, Office of Information
and Regulatory Affairs, Office of
Management and Budget, New
Executive Office Building, Room 10235,
725 17th Street NW, Washington, DC
20503, or by fax to (202) 395–6974.
SUPPLEMENTARY INFORMATION: On June
15, 1984, OMB delegated to the Board
authority under the Paperwork
Reduction Act (PRA) to approve and
assign OMB control numbers to
collections of information conducted or
sponsored by the Board. Boardapproved collections of information are
incorporated into the official OMB
inventory of currently approved
collections of information. The OMB
inventory, as well as copies of the PRA
Submission, supporting statements
(which contain more detailed
information about the information
collections and burden estimates than
this notice), and approved collection of
information instrument(s) are available
at https://www.reginfo.gov/public/do/
PRAMain. These documents are also
available on the Federal Reserve Board’s
public website at https://www.federal
reserve.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 K–2.
AGENCY:
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Board of Governors of the Federal Reserve
System, July 24, 2024.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2024–16670 Filed 7–29–24; 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
Federal Reserve Payments Study (FR
3066; OMB No. 7100–0351).
DATES: Comments must be submitted on
or before September 30, 2024.
SUMMARY:
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Federal Register / Vol. 89, No. 146 / Tuesday, July 30, 2024 / Notices
You may submit comments,
identified by FR 3066, 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
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
khammond on DSKJM1Z7X2PROD with NOTICES
ADDRESSES:
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16:51 Jul 29, 2024
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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.federal
reserve.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 3066. 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.
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61117
Proposal Under OMB Delegated
Authority To Extend for Three Years,
Without Revision, the Following
Information Collection
Collection title: Federal Reserve
Payments Study.
Collection identifier: FR 3066.
OMB control number: 7100–0351.
General description of collection: The
Federal Reserve Payments Study (FRPS)
is supported by the following surveys:
Depository and Financial Institutions
Payments Survey (FR 3066a), and
Networks, Processors, and Issuers
Payments Surveys (FR 3066b).
The information on these surveys is
used by the Federal Reserve to estimate
the aggregate number and value of all
cash and noncash payments, as well as
cash withdrawals and deposits, made by
U.S. consumers and businesses,
including for-profit and not-for-profit
enterprises, and federal, state, and local
government agencies. The aggregate
estimates produced from the survey data
are widely cited in academic working
papers, journal articles, and industry
publications; reported in the media; and
used by the public, industry, and policy
makers as a quantitative aggregate
benchmark of noncash payments and
cash withdrawal and deposit activity in
the United States.
Frequency: Annually.
Respondents: Organizations with a
significant role in processing payments,
including depository and financial
institutions, general-purpose payment
networks, third-party payment
processors, issuers of private-label
payment instruments, and providers of
various alternative payment methods
and systems.
Total estimated number of
respondents: FR 3066a, 513, FR 3066b,
170.
Estimated average hours per response:
FR 3066a, 22; FR 3066b, 8.
Total estimated annual burden hours:
12,646.
Board of Governors of the Federal Reserve
System, July 24, 2024.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2024–16672 Filed 7–29–24; 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
AGENCY:
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]]>Agencies
[Federal Register Volume 89, Number 146 (Tuesday, July 30, 2024)]
[Notices]
[Pages 61116-61117]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-16672]
-----------------------------------------------------------------------
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, without
revision, the Federal Reserve Payments Study (FR 3066; OMB No. 7100-
0351).
DATES: Comments must be submitted on or before September 30, 2024.
[[Page 61117]]
ADDRESSES: You may submit comments, identified by FR 3066, 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 3066. 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,
Without Revision, the Following Information Collection
Collection title: Federal Reserve Payments Study.
Collection identifier: FR 3066.
OMB control number: 7100-0351.
General description of collection: The Federal Reserve Payments
Study (FRPS) is supported by the following surveys: Depository and
Financial Institutions Payments Survey (FR 3066a), and Networks,
Processors, and Issuers Payments Surveys (FR 3066b).
The information on these surveys is used by the Federal Reserve to
estimate the aggregate number and value of all cash and noncash
payments, as well as cash withdrawals and deposits, made by U.S.
consumers and businesses, including for-profit and not-for-profit
enterprises, and federal, state, and local government agencies. The
aggregate estimates produced from the survey data are widely cited in
academic working papers, journal articles, and industry publications;
reported in the media; and used by the public, industry, and policy
makers as a quantitative aggregate benchmark of noncash payments and
cash withdrawal and deposit activity in the United States.
Frequency: Annually.
Respondents: Organizations with a significant role in processing
payments, including depository and financial institutions, general-
purpose payment networks, third-party payment processors, issuers of
private-label payment instruments, and providers of various alternative
payment methods and systems.
Total estimated number of respondents: FR 3066a, 513, FR 3066b,
170.
Estimated average hours per response: FR 3066a, 22; FR 3066b, 8.
Total estimated annual burden hours: 12,646.
Board of Governors of the Federal Reserve System, July 24, 2024.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2024-16672 Filed 7-29-24; 8:45 am]
BILLING CODE 6210-01-P
