Proposed Agency Information Collection Activities; Comment Request, 80240-80241 [2024-22639]

Agencies

• FEDERAL RESERVE SYSTEM

[Federal Register Volume 89, Number 191 (Wednesday, October 2, 2024)]
[Notices]
[Pages 80240-80241]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-22639]


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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.

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SUMMARY: The Board of Governors of the Federal Reserve System (Board) 
invites comment on a proposal to extend for three years, without 
revision, the Complex Institution Liquidity Monitoring Report (FR 
2052a; OMB No. 7100-0361).

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

ADDRESSES: You may submit comments, identified by FR 2052a, 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 2052a. 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: Complex Institution Liquidity Monitoring Report.
    Collection identifier: FR 2052a.
    OMB control number: 7100-0361.
    General description of collection: The FR 2052a collects 
quantitative information on select assets, liabilities, funding 
activities, and contingent liabilities of certain banking 
organizations. The Board uses this information to monitor the liquidity 
profile of these banking organizations.
    The data collected by the FR 2052a provide detailed information 
about the liquidity risks within different business lines (e.g., 
financing of securities positions or prime brokerage activities) of 
certain large banking organizations supervised by the Board. The 
Board's supervisory surveillance program relies on this data, which 
provide timely information about banking organization-specific 
liquidity risks during periods of stress. The Board uses analyses of 
liquidity risk to inform its supervisory processes, including the 
preparation of analytical reports that detail funding vulnerabilities. 
FR 2052a data also contribute to the Board's supervisory monitoring 
efforts by identifying potential impediments to the movement of 
liquidity across legal entities. In addition, the FR 2052a provides 
detailed information that the Board uses to monitor compliance with the 
Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR) 
rules under the Board's Regulation WW--Liquidity Risk Measurement, 
Standards, and Monitoring (12 CFR part 249)
    Frequency: Daily, monthly.

[[Page 80241]]

    Respondents: Banking organizations subject to Category I, II, III, 
or IV standards under the Board's Regulation YY and Regulation LL. The 
panel includes (1) any top-tier U.S. bank holding company with $100 
billion or more in total consolidated assets that is not a subsidiary 
of a foreign banking organization, (2) any top-tier U.S. savings and 
loan holding company with $100 billion or more in total consolidated 
assets that is a covered depository institution holding company as 
defined by the LCR and NSFR rules and is not a subsidiary of a foreign 
banking organization, and (3) any foreign banking organization, as 
defined by the Board's Regulation YY, with combined U.S. assets of $100 
billion or more.
    Total estimated number of respondents: Daily, 18; Monthly, 23.
    Estimated average hours per response: Daily, 221; Monthly 121.
    Total estimated annual burden hours: 1,027,896.
    Request for Comment on the Burden Estimates: The Board is seeking 
comment specifically on the accuracy of the estimated hours per 
response for both daily filers (221 hours per day) and monthly filers 
(121 hours per month). Commenters are encouraged to provide details on 
how long it takes to comply with these requirements such as the number 
of staff involved, how much time staff spend, and how much, if any, of 
the reporting process is automated. General comments on whether the 
Board's estimates are reasonable, underestimated, or overestimated are 
also welcome.

    Board of Governors of the Federal Reserve System, September 27, 
2024.
Benjamin W. McDonough,
Deputy Secretary and Ombuds of the Board.
[FR Doc. 2024-22639 Filed 10-1-24; 8:45 am]
BILLING CODE 6210-01-P