Notice2024-22639
Proposed Agency Information Collection Activities; Comment Request
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
October 2, 2024
Issuing agencies
Federal Reserve System
Abstract
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).
Full Text
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<title>Federal Register, Volume 89 Issue 191 (Wednesday, October 2, 2024)</title>
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[Federal Register Volume 89, Number 191 (Wednesday, October 2, 2024)]
[Notices]
[Pages 80240-80241]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[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:
<bullet> Agency website: <a href="https://www.federalreserve.gov/">https://www.federalreserve.gov/</a>. Follow
the instructions for submitting comments at <a href="https://www.federalreserve.gov/apps/foia/proposedregs.aspx">https://www.federalreserve.gov/apps/foia/proposedregs.aspx</a>.
<bullet> Email: <a href="/cdn-cgi/l/email-protection#8af8efedf9a4e9e5e7e7efe4fef9caecefeeeff8ebe6f8eff9eff8fcefa4ede5fc"><span class="__cf_email__" data-cfemail="bbc9dedcc895d8d4d6d6ded5cfc8fbdddedfdec9dad7c9dec8dec9cdde95dcd4cd">[email protected]</span></a>. Include the OMB
number or FR number in the subject line of the message.
<bullet> FAX: (202) 452-3819 or (202) 452-3102.
<bullet> 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
<a href="https://www.federalreserve.gov/apps/foia/proposedregs.aspx">https://www.federalreserve.gov/apps/foia/proposedregs.aspx</a> 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, <a href="/cdn-cgi/l/email-protection#2e405b464f004b42434f49465c4f4c476e485c4c00494158"><span class="__cf_email__" data-cfemail="0b657e636a256e67666a6c63796a69624b6d7969256c647d">[email protected]</span></a>, (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 <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 2052a. Final versions of these documents will be made
available at <a href="https://www.reginfo.gov/public/do/PRAMain">https://www.reginfo.gov/public/do/PRAMain</a>, 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
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