Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 104540-104541 [2024-30588]

Download as PDF 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 Federal Register / Vol. 89, No. 246 / Monday, December 23, 2024 / Notices 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/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 4199. khammond on DSK9W7S144PROD with NOTICES Final Approval Under OMB Delegated Authority of the Extension for Three Years, Without Revision, of the Following Information Collection Collection title: Basel II Interagency Pillar 2 Supervisory Guidance. Collection identifier: FR 4199. OMB control number: 7100–0320. General description of collection: Advanced approaches banking organizations are required to use an internal ratings-based approach to calculate regulatory credit risk capital requirements and advanced measurement approaches to calculate regulatory operational risk capital requirements. Banking organizations are required to meet certain qualification requirements before they can use the advanced approaches framework for risk-based capital purposes. The Pillar 2 Guidance sets the expectation that such organizations maintain certain documentation as described in paragraphs 37, 41, 43, and 46 of this portion of the guidance. Frequency: On occasion. Respondents: State member banks and bank holding companies that use the advanced approaches framework. Total estimated number of respondents: 15. Total estimated annual burden hours: 6,300. Current actions: On July 29, 2024, the Board published a notice in the Federal Register (89 FR 60895) requesting public comment for 60 days on the extension, without revision, of the FR 4199. The comment period for this notice expired on September 27, 2024. The Board did not receive any comments. VerDate Sep<11>2014 17:03 Dec 20, 2024 Jkt 265001 Board of Governors of the Federal Reserve System, December 18, 2024. Benjamin W. McDonough, Deputy Secretary and Ombuds of the Board. [FR Doc. 2024–30588 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 Census of Finance Companies and Other Lenders and Survey of Finance Companies (FR 3033p and FR 3033s; OMB No. 7100– 0277). DATES: Comments must be submitted on or before February 21, 2025. ADDRESSES: You may submit comments, identified by FR 3033p or FR 3033s, 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. Additionally, commenters may send a copy of their comments to the Office of Management and Budget (OMB) Desk SUMMARY: PO 00000 Frm 00031 Fmt 4703 Sfmt 4703 104541 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 3033p or FR 3033s. 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 collections, which are being reviewed under authority delegated by the OMB under the PRA. Comments are invited on the following: a. Whether the proposed collections of information are 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 collections, including the validity of the methodology and assumptions used; E:\FR\FM\23DEN1.SGM 23DEN1

Agencies

[Federal Register Volume 89, Number 246 (Monday, December 23, 2024)]
[Notices]
[Pages 104540-104541]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-30588]


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FEDERAL RESERVE SYSTEM


Agency Information Collection Activities: Announcement of Board 
Approval Under Delegated Authority and Submission to OMB

AGENCY: 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).

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.
    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. Board-approved collections of information are 
incorporated into the official OMB

[[Page 104541]]

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/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 4199.

Final Approval Under OMB Delegated Authority of the Extension for Three 
Years, Without Revision, of the Following Information Collection

    Collection title: Basel II Interagency Pillar 2 Supervisory 
Guidance.
    Collection identifier: FR 4199.
    OMB control number: 7100-0320.
    General description of collection: Advanced approaches banking 
organizations are required to use an internal ratings-based approach to 
calculate regulatory credit risk capital requirements and advanced 
measurement approaches to calculate regulatory operational risk capital 
requirements. Banking organizations are required to meet certain 
qualification requirements before they can use the advanced approaches 
framework for risk-based capital purposes. The Pillar 2 Guidance sets 
the expectation that such organizations maintain certain documentation 
as described in paragraphs 37, 41, 43, and 46 of this portion of the 
guidance.
    Frequency: On occasion.
    Respondents: State member banks and bank holding companies that use 
the advanced approaches framework.
    Total estimated number of respondents: 15.
    Total estimated annual burden hours: 6,300.
    Current actions: On July 29, 2024, the Board published a notice in 
the Federal Register (89 FR 60895) requesting public comment for 60 
days on the extension, without revision, of the FR 4199. The comment 
period for this notice expired on September 27, 2024. The Board did not 
receive any comments.

    Board of Governors of the Federal Reserve System, December 18, 
2024.
Benjamin W. McDonough,
Deputy Secretary and Ombuds of the Board.
[FR Doc. 2024-30588 Filed 12-20-24; 8:45 am]
BILLING CODE 6210-01-P
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