Notice2024-14371
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
July 1, 2024
Effective
July 31, 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 Reporting Requirements Associated with Emergency Lending Under Section 13(3) (FR A; OMB No. 7100-0373).
Full Text
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<title>Federal Register, Volume 89 Issue 126 (Monday, July 1, 2024)</title>
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[Federal Register Volume 89, Number 126 (Monday, July 1, 2024)]
[Notices]
[Page 54461]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-14371]
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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
Reporting Requirements Associated with Emergency Lending Under Section
13(3) (FR A; OMB No. 7100-0373).
DATES: The revisions are effective July 31, 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#e48a918c85ca81888985838c9685868da4829686ca838b92"><span class="__cf_email__" data-cfemail="85ebf0ede4abe0e9e8e4e2edf7e4e7ecc5e3f7e7abe2eaf3">[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 A.
Final Approval Under OMB Delegated Authority of the Extension for Three
Years, With Revision, of the Following Information Collection
Collection title: Reporting Requirements Associated with Emergency
Lending Under Section 13(3).
Collection identifier: FR A.
OMB control number: 7100-0373.
General description of collection: Section 13(3) of the Federal
Reserve Act provides that the Board may authorize any Federal Reserve
Bank to extend credit to an individual, partnership, or corporation,
subject to conditions. The Board's Regulation A establishes policies
and procedures with respect to emergency lending under section 13(3).
The FR A is the Board's information collection associated with
Regulation A. The FR A consists of reporting requirements for entities'
compliance with the terms and conditions of the emergency lending
facilities.
Frequency: Event-generated.
Respondents: Persons or entities borrowing under an emergency
lending program or facility established pursuant to section 13(3).
Total estimated number of respondents: 10.
Total estimated change in burden: (257,250).
Total estimated annual burden hours: 55.
Current actions: On March 7, 2024, the Board published a notice in
the Federal Register (89 FR 16570) requesting public comment for 60
days on the extension, with revision, of the FR A. The Board revised
the FR A by removing certain reporting and disclosure requirements that
were specific to COVID-19 era lending facility programs established in
2020, which have since ceased operation. The comment period for this
notice expired on May 6, 2024. The Board did not receive any comments.
The revisions will be implemented as proposed.
Board of Governors of the Federal Reserve System, June 25, 2024.
Benjamin W. McDonough,
Deputy Secretary and Ombuds of the Board.
[FR Doc. 2024-14371 Filed 6-28-24; 8:45 am]
BILLING CODE 6210-01-P
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