Notice2024-12497
Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
June 7, 2024
Effective
July 3, 2024
Issuing agencies
Federal Reserve System
Abstract
The Board of Governors of the Federal Reserve System (Board) is adopting a proposal to extend for three years, with revision, the Government Securities Dealers Reports (FR 2004; OMB No. 7100-0003).
Full Text
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<title>Federal Register, Volume 89 Issue 111 (Friday, June 7, 2024)</title>
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[Federal Register Volume 89, Number 111 (Friday, June 7, 2024)]
[Notices]
[Pages 48643-48644]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-12497]
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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, with revision, the
Government Securities Dealers Reports (FR 2004; OMB No. 7100-0003).
DATES: The revisions are effective July 3, 2024.
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, <a href="/cdn-cgi/l/email-protection#c3adb6aba2eda6afaea2a4abb1a2a1aa83a5b1a1eda4acb5"><span class="__cf_email__" data-cfemail="d9b7acb1b8f7bcb5b4b8beb1abb8bbb099bfabbbf7beb6af">[email protected]</span></a>, (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 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 <a href="https://www.reginfo.gov/public/do/PRAMain">https://www.reginfo.gov/public/do/PRAMain</a>. These documents
are also available on the Federal Reserve Board's public website at
<a href="https://www.federalreserve.gov/apps/reportingforms/home/review">https://www.federalreserve.gov/apps/reportingforms/home/review</a> 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
2004.
Final Approval Under OMB Delegated Authority of the Extension for Three
Years, With Revision, of the Following Information Collection
Collection title: Government Securities Dealers Reports.
Collection identifier: FR 2004.
OMB control number: 7100-0003.
General description of collection: This information collection is
comprised of the:
<bullet> Weekly Report of Dealer Positions (FR 2004A),
<bullet> Weekly Report of Cumulative Dealer Transactions (FR
2004B),
<bullet> Weekly Report of Dealer Financing and Fails (FR 2004C),
<bullet> Weekly Report of Specific Issues (FR 2004SI),
<bullet> Daily Report of Specific Issues (FR 2004SD),
<bullet> Supplement to the Daily Report of Specific Issues (FR
2004SD ad hoc),
<bullet> Daily Report of Dealer Activity in Treasury Financing (FR
2004WI),
<bullet> Settlement Cycle Report of Dealer Fails and Transaction
Volumes: Class A (FR 2004FA),
<bullet> Settlement Cycle Report of Dealer Fails and Transaction
Volumes: Class B (FR 2004FB),
[[Page 48644]]
<bullet> Settlement Cycle Report of Dealer Fails and Transaction
Volumes: Class C (FR 2004FC), and
<bullet> Settlement Cycle Report of Dealer Fails and Transaction
Volumes (FR 2004FM).
The Federal Reserve Bank of New York, on behalf of the Federal
Reserve System, collects data from primary dealers in the U.S.
Government securities market. Filing of these data is required to
obtain the benefit of primary dealer status. The Federal Reserve uses
these data to (1) monitor the condition of the U.S. Government
securities market in its Treasury market surveillance and analysis of
the market and (2) assist and support the U.S. Department of the
Treasury (Treasury) in its role as fiscal agent for Treasury financing
operations. In addition, these data are used in the analysis of broad
financial conditions and a range of financial stability issues.
Frequency: Weekly, monthly, daily, and event-generated.
Respondents: Primary Government security dealers.
Total estimated number of respondents: 24.
Total estimated change in burden: 1,310.
Total estimated annual burden hours: 35,189.
Current actions: On January 29, 2024, the Board published a notice
in the Federal Register (89 FR 5539) requesting public comment for 60
days on the extension, with revision, of the FR 2004. Since the last
clearance, a new type of repo financing called ``sponsored general
collateral repo'' has gained significant popularity among clients of
primary dealers. Such type of financing is not separately listed in the
current FR 2004C. To improve our ability to track the usage of this
product by primary dealers, the Board proposed to revise the FR 2004C
for each asset category by adding three columns to separately capture
sponsored general collateral Triparty Repo financing by maturity
tenors. The comment period for this notice expired on March 29, 2024.
The Board received one comment from a financial services group. The
commenter stated that the proposed June 5, 2024, implementation date
conflicted with the T-1 go live and competed with limited IT resources.
After consideration, the Board will extend the implementation date to
July 3, 2024. Aside from the change discussed above, the Board adopted
the extension, with revision, of the FR 2004 as originally proposed.
Board of Governors of the Federal Reserve System, June 4, 2024.
Benjamin W. McDonough,
Deputy Secretary and Ombuds of the Board.
[FR Doc. 2024-12497 Filed 6-6-24; 8:45 am]
BILLING CODE 6210-01-P
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