Notice2024-30588
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
December 23, 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, without revision, the Basel II Interagency Pillar 2 Supervisory Guidance (FR 4199; OMB No. 7100-0320).
Full Text
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<title>Federal Register, Volume 89 Issue 246 (Monday, December 23, 2024)</title>
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[Federal Register Volume 89, Number 246 (Monday, December 23, 2024)]
[Notices]
[Pages 104540-104541]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[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, <a href="/cdn-cgi/l/email-protection#ddb3a8b5bcf3b8b1b0bcbab5afbcbfb49dbbafbff3bab2ab"><span class="__cf_email__" data-cfemail="dab4afb2bbf4bfb6b7bbbdb2a8bbb8b39abca8b8f4bdb5ac">[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
[[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
<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/review">https://www.federalreserve.gov/apps/reportingforms/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 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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