Proposed Agency Information Collection Activities; Comment Request, 104539-104540 [2024-30587]
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Federal Register / Vol. 89, No. 246 / Monday, December 23, 2024 / Notices
www.federalreserve.gov/apps/
proposals/ without change and will not
be modified to remove personal or
business information including
confidential, contact, or other
identifying information. Comments
should not include any information
such as confidential information that
would be not appropriate for public
disclosure. Public comments may also
be viewed electronically or in person in
Room M–4365A, 2001 C St. NW,
Washington, DC 20551, between 9 a.m.
and 5 p.m. during Federal business
weekdays.
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.
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/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 2436. Final versions of these
documents will be made available at
https://www.reginfo.gov/public/do/
PRAMain, if approved.
khammond on DSK9W7S144PROD with NOTICES
SUPPLEMENTARY INFORMATION:
VerDate Sep<11>2014
17:03 Dec 20, 2024
Jkt 265001
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: Semiannual Report of
Derivatives Activity.
Collection identifier: FR 2436.
OMB control number: 7100–0286.
General description of collection: The
FR 2436 collects derivatives market
statistics from the eight largest U.S.
dealers of over-the-counter (OTC)
derivatives. Data are collected on the
notional amounts and gross fair values
of the volumes outstanding of broad
categories of foreign exchange, interest
rate, equity, commodity-linked, and
credit default swap OTC derivatives
contracts across a range of underlying
currencies, interest rates, and equity
markets. The FR 2436 is part of the U.S.
portion of a global data collection
conducted by central banks. The
primary objective of the Board’s
participation in this collection is to
obtain reasonably comprehensive and
internationally consistent data on the
size and structure of global OTC
financial derivatives markets.
Frequency: Semiannually.
Respondents: U.S. dealers of OTC
derivatives.
PO 00000
Frm 00029
Fmt 4703
Sfmt 4703
104539
Total estimated number of
respondents: 8.
Total estimated annual burden hours:
3,898.
Board of Governors of the Federal Reserve
System, December 18, 2024.
Benjamin W. McDonough,
Deputy Secretary and Ombuds of the Board.
[FR Doc. 2024–30585 Filed 12–20–24; 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, with revision, the Central
Bank Survey of Foreign Exchange and
Derivatives Market Activity (FR 3036;
OMB No. 7100–0285).
DATES: Comments must be submitted on
or before February 21, 2025.
ADDRESSES: You may submit comments,
identified by FR 3036, by any of the
following methods:
• Agency Website: https://
www.federalreserve.gov/. Follow the
instructions for submitting comments,
including attachments. Preferred
method.
• Mail: Ann E. Misback, Secretary,
Board of Governors of the Federal
Reserve System, 20th Street and
Constitution Avenue NW, Washington,
DC 20551.
• Hand Delivery/Courier: Same as
mailing address.
• Other Means: publiccomments@
frb.gov. You must include the OMB
number or the FR number in the subject
line of the message.
Comments received are subject to
public disclosure. In general, comments
received will be made available on the
Board’s website at https://
www.federalreserve.gov/apps/
proposals/ without change and will not
be modified to remove personal or
business information including
confidential, contact, or other
identifying information. Comments
should not include any information
such as confidential information that
would be not appropriate for public
disclosure. Public comments may also
be viewed electronically or in person in
Room M–4365A, 2001 C St. NW,
Washington, DC 20551, between 9 a.m.
and 5 p.m. during Federal business
weekdays.
SUMMARY:
E:\FR\FM\23DEN1.SGM
23DEN1
104540
Federal Register / Vol. 89, No. 246 / Monday, December 23, 2024 / Notices
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. On
the page displayed at the link above,
you can find the supporting information
by referencing the collection identifier,
FR 3036. Final versions of these
documents will be made available at
https://www.reginfo.gov/public/do/
PRAMain, if approved.
khammond on DSK9W7S144PROD with NOTICES
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
VerDate Sep<11>2014
17:03 Dec 20, 2024
Jkt 265001
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.
Exchange Transactions) to collect
information on FX settlement, including
a breakdown by counterparty and
settlement method. The Board proposes
to revise the instructions to be more in
alignment with the BIS’s revamped 2025
Survey FX settlement guidelines.
Frequency: Triennially.
Respondents: Commercial banks,
brokers and dealers, and U.S. offices of
foreign banking offices with dealing
operations in the U.S.
Total estimated number of
respondents: 21.
Estimated average hours per response:
Reporting dealers, 66; reporting dealers
for FX settlements only, 75.
Total estimated change in burden: 93.
Total estimated annual burden hours:
1,458.
Proposal Under OMB Delegated
Authority To Extend for Three Years,
With Revision, the Following
Information Collection
Collection title: Central Bank Survey
of Foreign Exchange and Derivatives
Market Activity.
Collection identifier: FR 3036.
OMB control number: 7100–0285.
General description of collection: The
FR 3036 is a component of the U.S.
portion of a global data collection that
is conducted by central banks once
every three years and captures
information relating to the volume of
foreign exchange (FX) transactions. The
Bank for International Settlements (BIS),
of which the Board is a member,
compiles aggregate national data from
each central bank to produce and
publish global market statistics. More
than 50 central banks plan to conduct
this global data collection (the BIS
survey) in 2025 (the 2025 Survey).
Aggregated data from the FR 3036 is
compiled and forwarded to the BIS,
which uses the data to produce and
publish these statistics.
Proposed revisions: The Board
proposes to (1) provide clearer guidance
on what is reportable turnover (explicit
exclusion of intra-dealer trades), (2) add
breakdown by currency totals (USD/
EUR/JPY) and instrument (Forwards
and Swaps) for ‘o/w related party trades’
in both Foreign Exchange Contracts and
Interest Rate Derivatives in Tables A1,
A2, A4, B1 and B2, and (3) add
breakdown by currency totals (USD/
EUR/JPY) for all instruments for ‘o/w
back-to-back trades’ in both Foreign
Exchange Contracts and Interest Rate
Derivatives in Tables A1, A2, A4, A5,
B1 and B2. Proposed revisions to the FR
3036 also include a more significant
addition in the form of a revised
Settlement of FX Transactions schedule
(Table A7, Settlement of Foreign
Board of Governors of the Federal Reserve
System, December 18, 2024.
Benjamin W. McDonough,
Deputy Secretary and Ombuds of the Board.
PO 00000
Frm 00030
Fmt 4703
Sfmt 4703
[FR Doc. 2024–30587 Filed 12–20–24; 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 Basel II
Interagency Pillar 2 Supervisory
Guidance (FR 4199; OMB No. 7100–
0320).
AGENCY:
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
E:\FR\FM\23DEN1.SGM
23DEN1
]]>Agencies
[Federal Register Volume 89, Number 246 (Monday, December 23, 2024)]
[Notices]
[Pages 104539-104540]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-30587]
-----------------------------------------------------------------------
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 Central Bank Survey of Foreign Exchange and Derivatives Market
Activity (FR 3036; OMB No. 7100-0285).
DATES: Comments must be submitted on or before February 21, 2025.
ADDRESSES: You may submit comments, identified by FR 3036, by any of
the following methods:
Agency Website: https://www.federalreserve.gov/. Follow
the instructions for submitting comments, including attachments.
Preferred method.
Mail: Ann E. Misback, Secretary, Board of Governors of the
Federal Reserve System, 20th Street and Constitution Avenue NW,
Washington, DC 20551.
Hand Delivery/Courier: Same as mailing address.
Other Means: [email protected]. You must include the
OMB number or the FR number in the subject line of the message.
Comments received are subject to public disclosure. In general,
comments received will be made available on the Board's website at
https://www.federalreserve.gov/apps/proposals/ without change and will
not be modified to remove personal or business information including
confidential, contact, or other identifying information. Comments
should not include any information such as confidential information
that would be not appropriate for public disclosure. Public comments
may also be viewed electronically or in person in Room M-4365A, 2001 C
St. NW, Washington, DC 20551, between 9 a.m. and 5 p.m. during Federal
business weekdays.
[[Page 104540]]
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 3036. 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: Central Bank Survey of Foreign Exchange and
Derivatives Market Activity.
Collection identifier: FR 3036.
OMB control number: 7100-0285.
General description of collection: The FR 3036 is a component of
the U.S. portion of a global data collection that is conducted by
central banks once every three years and captures information relating
to the volume of foreign exchange (FX) transactions. The Bank for
International Settlements (BIS), of which the Board is a member,
compiles aggregate national data from each central bank to produce and
publish global market statistics. More than 50 central banks plan to
conduct this global data collection (the BIS survey) in 2025 (the 2025
Survey). Aggregated data from the FR 3036 is compiled and forwarded to
the BIS, which uses the data to produce and publish these statistics.
Proposed revisions: The Board proposes to (1) provide clearer
guidance on what is reportable turnover (explicit exclusion of intra-
dealer trades), (2) add breakdown by currency totals (USD/EUR/JPY) and
instrument (Forwards and Swaps) for `o/w related party trades' in both
Foreign Exchange Contracts and Interest Rate Derivatives in Tables A1,
A2, A4, B1 and B2, and (3) add breakdown by currency totals (USD/EUR/
JPY) for all instruments for `o/w back-to-back trades' in both Foreign
Exchange Contracts and Interest Rate Derivatives in Tables A1, A2, A4,
A5, B1 and B2. Proposed revisions to the FR 3036 also include a more
significant addition in the form of a revised Settlement of FX
Transactions schedule (Table A7, Settlement of Foreign Exchange
Transactions) to collect information on FX settlement, including a
breakdown by counterparty and settlement method. The Board proposes to
revise the instructions to be more in alignment with the BIS's revamped
2025 Survey FX settlement guidelines.
Frequency: Triennially.
Respondents: Commercial banks, brokers and dealers, and U.S.
offices of foreign banking offices with dealing operations in the U.S.
Total estimated number of respondents: 21.
Estimated average hours per response: Reporting dealers, 66;
reporting dealers for FX settlements only, 75.
Total estimated change in burden: 93.
Total estimated annual burden hours: 1,458.
Board of Governors of the Federal Reserve System, December 18,
2024.
Benjamin W. McDonough,
Deputy Secretary and Ombuds of the Board.
[FR Doc. 2024-30587 Filed 12-20-24; 8:45 am]
BILLING CODE 6210-01-P
