Federal Register / Vol. 88, No. 187 / Thursday, September 28, 2023 / Notices 66847 

1 12 U.S.C. 1851. 

2The Board issued Regulation VV in conjunction 

with the Office of the Comptroller of the Currency 

(OCC), Federal Deposit Insurance Corporation 

(FDIC), Commodity Futures Trading Commission 

(CFTC), and Securities and Exchange Commission 

(SEC) (collectively, the agencies), with each of the 

agencies promulgating regulations implementing 

section 13 of the BHC Act. 

3For purposes of section 13 of the BHC Act, a 

‘‘banking entity’’ generally means ‘‘any insured 

depository institution (as defined in 12 U.S.C. 

1813), any company that controls an insured 

depository institution, or that is treated as a bank 

holding company for purposes of section 8 of the 

International Banking Act of 1978, and any affiliate 

or subsidiary of any such entity.’’ Certain smaller 

institutions and institutions that function solely in 

a trust or fiduciary capacity are excluded from this 

definition. See 12 U.S.C. 1851(h)(1). 

4The term ‘‘proprietary trading’’ means engaging 

as principal for the trading account of the banking 

entity in any purchase or sale of one or more 

financial instruments. See 12 CFR 248.3(a). 

5More detailed information regarding this 

collection, including more detailed burden 

estimates, can be found in the OMB Supporting 

Statement posted at https://www.federalreserve.gov/ 

apps/reportingforms/home/review. On the page 

displayed at the link, you can find the OMB 

Supporting Statement by referencing the collection 

identifier, FR VV. 

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 https://

www.federalreserve.gov/apps/ 

reportingforms/home/review or may be 

requested from the agency clearance 

officer, whose name appears above. 

Final versions of these documents will 

be made available at https://

www.reginfo.gov/public/do/PRAMain, 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: Reporting, 

Recordkeeping, and Disclosure 

Requirements Associated with 

Regulation VV. 

Collection identifier: FR VV. 

OMB control number: 7100–0360. 

General description of collection: 

Section 13 of the Bank Holding 

Company Act of 1956 (BHC Act) 1 and 

the Board’s implementing regulation, 

Regulation VV—Proprietary Trading 

and Certain Interests in and 

Relationships with Covered Funds (12 

CFR part 248),2 contain certain 

prohibitions and restrictions on the 

ability of a banking entity 3 to engage in 

proprietary trading 4 or to have certain 

interests in, or relationships with, a 

hedge fund or private equity fund 

(covered fund). Certain provisions of 

Regulation VV contain information 

collection requirements intended to 

facilitate the monitoring and 

enforcement of compliance with its 

requirements. For example, Regulation 

VV requires banking entities engaged in 

significant trading activities to collect, 

evaluate, and furnish data regarding 

covered trading activities as an indicator 

of areas meriting additional attention by 

the banking entity and the Board. In 

addition, section 248.20(d) of 

Regulation VV requires banking entities 

engaged in proprietary trading activity 

to comply with the reporting 

requirements described in Appendix A; 

the Board has implemented this 

requirement through the Regulation VV 

Quantitative Measurements (FR VV–1). 

Frequency: Quarterly, annual, and 

event-generated. 

Respondents: State member banks, 

bank holding companies, savings and 

loan holding companies, foreign 

banking organizations, U.S. branches or 

agencies of foreign banks, and other 

holding companies that control an 

insured depository institution and any 

subsidiary of the foregoing. 

Total estimated number of 

respondents: 231. 

Total estimated annual burden hours: 

30,676.5

Board of Governors of the Federal Reserve 

System, September 22, 2023. 

Ann Misback, 

Secretary of the Board. 

[FR Doc. 2023–21142 Filed 9–27–23; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL RESERVE SYSTEM 

Proposed Agency Information 

Collection Activities; Comment 

Request 

AGENCY: Board of Governors of the 

Federal Reserve System. 

ACTION: Notice, request for comment. 

SUMMARY: The Board of Governors of the 

Federal Reserve System (Board) invites 

comment on a proposal to extend for 

three years, without revision, the 

Reporting, Recordkeeping, and 

Disclosure Requirements Associated 

with Rules Regarding Availability of 

Information (FR 4035; OMB No. 7100– 

0381). 

DATES: Comments must be submitted on 

or before November 27, 2023. 

ADDRESSES: You may submit comments, 

identified by FR 4035, by any of the 

following methods: 

• Agency Website: https://

www.federalreserve.gov/. Follow the 

instructions for submitting comments at 

https://www.federalreserve.gov/apps/ 

foia/proposedregs.aspx. 

• Email: regs.comments@

federalreserve.gov. Include the OMB 

number or FR number in the subject line 

of the message. 

• Fax: (202) 452–3819 or (202) 452– 

3102. 

• 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 https://

www.federalreserve.gov/apps/foia/ 

proposedregs.aspx 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. 


ddrumheller on DSK120RN23PROD with NOTICES1
66848 Federal Register / Vol. 88, No. 187 / Thursday, September 28, 2023 / Notices 

1More detailed information regarding this 

collection, including more detailed burden 

estimates, can be found in the OMB Supporting 

Statement posted at https://www.federalreserve.gov/ 

apps/reportingforms/home/review. On the page 

displayed at the link, you can find the OMB 

Supporting Statement by referencing the collection 

identifier, FR 4035. 

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, nuha.elmaghrabi@frb.gov, (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 https://

www.federalreserve.gov/apps/ 

reportingforms/home/review or may be 

requested from the agency clearance 

officer, whose name appears above. 

Final versions of these documents will 

be made available at https://

www.reginfo.gov/public/do/PRAMain, 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: Reporting, 

Recordkeeping, and Disclosure 

Requirements Associated with Rules 

Regarding Availability of Information. 

Collection identifier: FR 4035. 

OMB control number: 7100–0381. 

General description of collection: The 

information collection consists of 

reporting, recordkeeping, and disclosure 

requirements under subpart C 

(Nonpublic Information Made Available 

to Supervised Financial Institutions, 

Governmental Agencies, and Others in 

Certain Circumstances) of the Rules 

Regarding Availability of Information 

(12 CFR part 261). Subpart C contains 

reporting requirements that enable third 

parties to request the Board’s 

authorization to access, use, or further 

disclose confidential supervisory 

information or other nonpublic 

information of the Board, and that 

ensure that the Board is notified when 

any subpoena or other legally 

enforceable demand requires production 

of confidential supervisory information 

or other nonpublic information of the 

Board in the form of documents or 

testimony. Subpart C also contains one 

recordkeeping requirement related to a 

provision that allows supervised 

financial institutions to disclose 

confidential supervisory information to 

service providers if the disclosure is 

deemed necessary to the service 

provider’s provision of services, and 

two disclosure requirements that apply 

when individuals are served with a 

subpoena, order, or other judicial or 

administrative process requiring the 

production of confidential supervisory 

information or other nonpublic 

information of the Board in the form of 

documents or testimony. 

Frequency: Event-generated. 

Respondents: Supervised financial 

institutions, state, local, and foreign 

agencies, and entities exercising 

governmental authority, and any person, 

entity, agency, or authority. 

Total estimated number of 

respondents: 105. 

Total estimated annual burden hours: 

83.1

Board of Governors of the Federal Reserve 

System, September 22, 2023. 

Erin M. Cayce, 

Assistant Secretary of the Board. 

[FR Doc. 2023–21158 Filed 9–27–23; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL RESERVE SYSTEM 

Proposed Agency Information 

Collection Activities; Comment 

Request 

AGENCY: Board of Governors of the 

Federal Reserve System. 

ACTION: Notice, request for comment. 

SUMMARY: The Board of Governors of the 

Federal Reserve System (Board) invites 

comment on a proposal to extend for 

three years, with revision, the 

Reporting, Recordkeeping, and 

Disclosure Requirements Associated 

with Regulation LL (FR LL; OMB No. 

7100–0380). 

DATES: Comments must be submitted on 

or before November 27, 2023. 

ADDRESSES: You may submit comments, 

identified by FR LL, by any of the 

following methods: 

• Agency website: https://

www.federalreserve.gov/. Follow the 

instructions for submitting comments at 

https://www.federalreserve.gov/apps/ 

foia/proposedregs.aspx. 

• Email: regs.comments@

federalreserve.gov. Include the OMB 

number or FR number in the subject line 

of the message. 

• Fax: (202) 452–3819 or (202) 452– 

3102. 

• Mail: Federal Reserve Board of 

Governors, Attn: Ann E. Misback, 


ddrumheller on DSK120RN23PROD with NOTICES1