Notice2024-28522
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
December 6, 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 Report of Institution-to-Aggregate Granular Data on Assets and Liabilities on an Immediate Counterparty Basis (FR 2510; OMB No. 7100-0376).
Full Text
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<title>Federal Register, Volume 89 Issue 235 (Friday, December 6, 2024)</title>
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[Federal Register Volume 89, Number 235 (Friday, December 6, 2024)]
[Notices]
[Pages 96975-96976]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-28522]
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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 Report of Institution-to-Aggregate Granular Data on
Assets and Liabilities on an Immediate Counterparty Basis (FR 2510; OMB
No. 7100-0376).
DATES: Comments must be submitted on or before February 4, 2025.
ADDRESSES: You may submit comments, identified by FR 2510, by any of
the following methods:
<bullet> Agency Website: <a href="https://www.federalreserve.gov/">https://www.federalreserve.gov/</a>. Follow
the
[[Page 96976]]
instructions for submitting comments, including attachments. Preferred
method.
<bullet> Mail: Ann E. Misback, Secretary, Board of Governors of the
Federal Reserve System, 20th Street and Constitution Avenue NW,
Washington, DC 20551.
<bullet> Hand Delivery/Courier: Same as mailing address.
<bullet> Other Means: <a href="/cdn-cgi/l/email-protection#cdbdb8afa1a4aeaea2a0a0a8a3b9be8dabbfafe3aaa2bb"><span class="__cf_email__" data-cfemail="b1c1c4d3ddd8d2d2dedcdcd4dfc5c2f1d7c3d39fd6dec7">[email protected]</span></a>. 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
<a href="https://www.federalreserve.gov/apps/proposals/">https://www.federalreserve.gov/apps/proposals/</a> 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, <a href="/cdn-cgi/l/email-protection#7719021f1659121b1a16101f0516151e3711051559101801"><span class="__cf_email__" data-cfemail="c2acb7aaa3eca7aeafa3a5aab0a3a0ab82a4b0a0eca5adb4">[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 2510. 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: Report of Institution-to-Aggregate Granular Data
on Assets and Liabilities on an Immediate Counterparty Basis.
Collection identifier: FR 2510.
OMB control number: 7100-0376.
General description of collection: The FR 2510 collects granular
exposure data on the assets, liabilities, and off-balance sheet
holdings of certain large banking organizations, providing breakdowns
by country, instrument, currency, maturity, sector, and other factors.
The FR 2510 also collects country exposure data on an immediate
counterparty basis and detailed information on firms' derivatives
exposures. The information collected by the FR 2510 supports the
Board's supervision of global systemically important bank holding
companies (BHCs) by allowing for a more complete balance sheet analysis
of these firms and allows the Board to more closely monitor the
systemic impacts of such firms' activities and investments.
The Board makes available on its public website the instructions
for the FR 2510, Report of Institution-to-Aggregate Granular Data on
Assets and Liabilities on an Immediate Counterparty Basis, which are
currently in a two-column format. To improve readability on electronic
devices, the Board is considering updating the instructions to a one-
column format.
Frequency: Quarterly.
Respondents: Any BHC that is organized under the laws of the United
States or any U.S. state and that is identified as a global
systemically important BHC under the Board's Regulation Q.
Total estimated number of respondents: 8.
Total estimated annual burden hours: 18,528.
Board of Governors of the Federal Reserve System, December 2,
2024.
Benjamin W. McDonough,
Deputy Secretary and Ombuds of the Board.
[FR Doc. 2024-28522 Filed 12-5-24; 8:45 am]
BILLING CODE 6210-01-P
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