Notice2025-05646
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
April 2, 2025
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 Recordkeeping Provisions Associated with the Guidance on Sound Incentive Compensation Policies (FR 4027; OMB No. 7100-0327).
Full Text
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<title>Federal Register, Volume 90 Issue 62 (Wednesday, April 2, 2025)</title>
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[Federal Register Volume 90, Number 62 (Wednesday, April 2, 2025)]
[Notices]
[Pages 14444-14445]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-05646]
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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
Recordkeeping Provisions Associated with the Guidance on Sound
Incentive Compensation Policies (FR 4027; OMB No. 7100-0327).
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#2f415a474e014a43424e48475d4e4d466f495d4d01484059"><span class="__cf_email__" data-cfemail="4c2239242d622920212d2b243e2d2e250c2a3e2e622b233a">[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/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 4027.
Final Approval Under OMB Delegated Authority of the Extension for Three
Years, Without Revision, of the Following Information Collection
Collection title: Recordkeeping Provisions Associated with the
Guidance on Sound Incentive Compensation Policies.
Collection identifier: FR 4027.
OMB control number: 7100-0327.
General description of collection: The interagency Guidance on
Sound Incentive Compensation Policies (the Guidance) is intended to
assist banking organizations in designing and implementing incentive
compensation arrangements that do not encourage imprudent risk-taking
and that are consistent with the safety and soundness of the
organization. The Guidance contains voluntary recordkeeping activities.
With respect to organizations regulated by the Board, the voluntary
Guidance applies to U.S. bank holding companies, savings and loan
holding companies, state member banks, Edge and agreement corporations,
and the U.S. operations of foreign banks with a branch, agency, or
commercial lending company subsidiary in the United States
(collectively, banking organizations).
Frequency: As needed.
Respondents: Banking organizations, as defined above.
[[Page 14445]]
Total estimated number of respondents: 5,122.
Total estimated annual burden hours: 205,440.
Current actions: On October 29, 2024, the Board published a notice
in the Federal Register (89 FR 85971) requesting public comment for 60
days on the extension, without revision, of the FR 4027. The comment
period for this notice expired on December 30, 2024. The Board did not
receive any comments.
Board of Governors of the Federal Reserve System, March 28,
2025.
Benjamin W. McDonough,
Deputy Secretary and Ombuds of the Board.
[FR Doc. 2025-05646 Filed 4-1-25; 8:45 am]
BILLING CODE 6210-01-P
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