84142 Federal Register / Vol. 88, No. 231 / Monday, December 4, 2023 / Notices 

1For the definition of ‘‘covered savings and loan 

holding company,’’ see 12 CFR 217.2. 

2More 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 4201. 

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, 

With Revision, the Following 

Information Collection 

Collection title: Market Risk Capital 

Rule. 

Collection identifier: FR 4201. 

OMB control number: 7100–0314. 

General description of collection: The 

market risk rule, which requires banking 

organizations to hold capital to cover 

their exposure to market risk, is a 

component of the Board’s regulatory 

capital framework, Regulation Q— 

Capital Adequacy of Bank Holding 

Companies, Savings and Loan Holding 

Companies, and State Member Banks 

(12 CFR part 217). The rule includes 

information collections that permit the 

Board to monitor the market risk profile 

of Board-regulated banking 

organizations that have significant 

market risk. These information 

collections provide current statistical 

data identifying market risk areas on 

which to focus onsite and offsite 

examinations. They also allow the 

Board to assess the levels and 

components of each reporting 

institution’s risk-based capital 

requirements for market risk and the 

adequacy of the institution’s capital 

under the market risk rule. 

Proposed revisions: The Board 

proposes to revise the FR 4201 

information collection to account for a 

recordkeeping requirement in section 

217.203(b)(2) of Regulation Q that had 

not been previously cleared by the 

Board. Section 217.203(b)(2) requires 

subject banking organizations to have a 

process for prudent valuation of their 

covered positions that includes policies 

and procedures on the valuation of 

positions, marking positions to market 

or to model, independent price 

verification, and valuation adjustments 

or reserves. The valuation process must 

consider, as appropriate, unearned 

credit spreads, close-out costs, early 

termination costs, investing and funding 

costs, liquidity, and model risk. 

Frequency: Annual, quarterly, and on 

occasion. 

Respondents: Bank holding 

companies, covered savings and loan 

holding companies,1 U.S. intermediate 

holding companies of foreign banking 

organizations, and state member banks 

(collectively, banking organizations) 

that meet certain risk thresholds. The 

market risk rule applies to any such 

banking organization with aggregate 

trading assets and trading liabilities 

equal to (1) 10 percent or more of 

quarter-end total assets or (2) $1 billion 

or more. 

Total estimated number of 

respondents: 37. 

Total estimated change in burden: 

592. 

Total estimated annual burden hours: 

36,236.2

Board of Governors of the Federal Reserve 

System, November 29, 2023. 

Michele Taylor Fennell, 

Deputy Associate Secretary of the Board. 

[FR Doc. 2023–26572 Filed 12–1–23; 8:45 am] 

BILLING CODE 6210–01–P 

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 Reporting 

Requirements Associated with 

Regulation XX (FR XX; OMB No. 7100– 

0363). 

FOR FURTHER INFORMATION CONTACT: 

Federal Reserve Board Clearance 

Officer—Nuha Elmaghrabi—Office of 

the Chief Data Officer, Board of 

Governors of the Federal Reserve 


ddrumheller on DSK120RN23PROD with NOTICES1
Federal Register / Vol. 88, No. 231 / Monday, December 4, 2023 / Notices 84143 

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 XX. 

System, nuha.elmaghrabi@frb.gov, (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. Boardapproved 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 https://www.reginfo.gov/public/do/ 

PRAMain. These documents are also 

available on the Federal Reserve 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 Approval Under OMB Delegated 

Authority of the Extension for Three 

Years, Without Revision, of the 

Following Information Collection 

Collection title: Reporting 

Requirements Associated with 

Regulation XX. 

Collection identifier: FR XX. 

OMB control number: 7100–0363. 

General description of collection: The 

Board’s Regulation XX—Concentration 

Limit (12 CFR part 251) implements 

section 14 of the Bank Holding 

Company Act of 1956 (BHC Act), which 

establishes a financial sector 

concentration limit that generally 

prohibits a financial company from 

merging or consolidating with, or 

otherwise acquiring, another company if 

the resulting company’s liabilities upon 

consummation would exceed 10 percent 

of the aggregate liabilities of all financial 

companies (a covered acquisition). 

Under section 14 of the BHC Act and 

Regulation XX, a financial company 

means (1) an insured depository 

institution, (2) a bank holding company, 

(3) a savings and loan holding company, 

(4) any other company that controls an 

insured depository institution, (5) a 

nonbank financial company designated 

by the Financial Stability Oversight 

Council (Council) for supervision by the 

Board, or (6) a foreign bank or company 

that is treated as a bank holding 

company for purposes of the BHC Act. 

Regulation XX includes certain 

reporting requirements that apply to 

financial companies (sections 251.3(e), 

251.4(b), and 251.4(c)). In addition, 

section 251.6 of Regulation XX requires 

financial companies that do not report 

consolidated financial information to 

the Board or other appropriate Federal 

banking agency to report information on 

their total liabilities; the Board has 

implemented this requirement through 

the Financial Company (as defined) 

Report of Consolidated Liabilities (FR 

XX–1). 

Frequency: Event-generated, annual. 

Respondents: Financial companies. 

Total estimated number of 

respondents: 35. 

Total estimated annual burden hours: 

97.1

Current actions: On July 19, 2023, the 

Board published a notice in the Federal 

Register (88 FR 46162) requesting 

public comment for 60 days on the 

extension, without revision, of the FR 

XX. The comment period for this notice 

expired on September 18, 2023. The 

Board did not receive any comments. 

Board of Governors of the Federal Reserve 

System, November 29, 2023. 

Michele Taylor Fennell, 

Deputy Associate Secretary of the Board. 

[FR Doc. 2023–26573 Filed 12–1–23; 8:45 am] 

BILLING CODE 6210–01–P 

DEPARTMENT OF HEALTH AND 

HUMAN SERVICES 

Administration for Children and 

Families 

[CFDA Number: 93.568] 

Reallotment of Fiscal Year 2022 Funds 

for the Low Income Home Energy 

Program-Final 

AGENCY: Office of Community Services, 

Administration for Children and 

Families, Department of Health and 

Human Services. 

ACTION: Notice of final issuance. 

SUMMARY: The Administration for 

Children and Families (ACF), Office of 

Community Service (OCS), Division of 

Energy Assistance announces that 

$17,260,985 of funds from the federal 

fiscal year (FFY) 2022 Low Income 

Home Energy Assistance Program 

(LIHEAP) were reallotted to states, 

territories, tribes, and tribal 

organizations that received FFY 2023 

direct LIHEAP grants. 

DATES: This notice became effective on 

Sep. 29, 2023, which is the date on 

which ACF awarded these reallotments. 

FOR FURTHER INFORMATION CONTACT: 

Megan Meadows, Director, Division of 

Energy Assistance, Office of Community 

Services, 330 C Street SW, 5th Floor; 

Mail Room 5425; Washington, DC 

20201. Telephone: 202–401–1149; 

email: Megan.Meadows@acf.hhs.gov. 

SUPPLEMENTARY INFORMATION: In 

accordance with section 2607(b)(1) of 

the Low Income Home Energy 

Assistance Act (the Act), title XXVI of 

the Omnibus Budget Reconciliation Act 

of 1981 (42 U.S.C. 8626(b)(1)), as 

amended, ACF published a notice in the 

Federal Register on Sep. 26, 2023, 88 

FR 66005, announcing the Secretary’s 

preliminary determination that 

$21,985,238 of FFY 2022 funds for 

LIHEAP may be available for 

reallotment. ACF received one 

comment. It came from a member of the 

public who appeared to seek the 

program’s benefits. ACF advised the 

inquirer of the resources through which 

to seek information about such benefits. 

After such publication, ACF reduced 

this amount to $17,260,985 because of 

(1) reporting revisions made by grant 

recipient; and (2) insufficient Payment 

Management System balances. 

These funds became available from 

the following grant recipients in the 

following amounts: 


ddrumheller on DSK120RN23PROD with NOTICES1