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###### Federal Reserve System

# 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 Government Securities Dealers Reports (FR 2004; OMB No. 7100-0003).

# DATES:

Comments must be submitted on or before March 29, 2024.

# ADDRESSES:

You may submit comments, identified by FR 2004, 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. 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, With Revision, the Following Information Collection

*Collection title:*                     Government Securities Dealers Reports.                

*Collection identifier:*                     FR 2004.                

*OMB control number:*                     7100-0003.                

*General description of collection:*                     This information collection is comprised of the:                
    - Weekly Report of Dealer Positions (FR 2004A),
    - Weekly Report of Cumulative Dealer Transactions (FR 2004B),
    - Weekly Report of Dealer Financing and Fails (FR 2004C),
    - Weekly Report of Specific Issues (FR 2004SI),
    - Daily Report of Specific Issues (FR 2004SD),       ( print page 5540)      
    - Supplement to the Daily Report of Specific Issues (FR 2004SD ad hoc),
    - Daily Report of Dealer Activity in Treasury Financing (FR 2004WI),
    - Settlement Cycle Report of Dealer Fails and Transaction Volumes: Class A (FR 2004FA),
    - Settlement Cycle Report of Dealer Fails and Transaction Volumes: Class B (FR 2004FB),
    - Settlement Cycle Report of Dealer Fails and Transaction Volumes: Class C (FR 2004FC), and
    - Settlement Cycle Report of Dealer Fails and Transaction Volumes (FR 2004FM).

The Federal Reserve Bank of New York, on behalf of the Federal Reserve System, collects data from primary dealers in the U.S. government securities market. Filing of these data is required to obtain the benefit of primary dealer status. The Federal Reserve uses these data to (1) monitor the condition of the U.S. government securities market in its Treasury market surveillance and analysis of the market and (2) assist and support the U.S. Department of the Treasury (Treasury) in its role as fiscal agent for Treasury financing operations. In addition, these data are used in the analysis of broad financial conditions and a range of financial stability issues.

*Proposed revisions:*                     Since the last clearance, a new type of repo financing called “sponsored general collateral repo” has gained significant popularity among clients of primary dealers. Such type of financing is not separately listed in the current FR 2004C. To improve our ability to track the usage of this product by primary dealers, the Board proposes to revise the FR 2004C for each asset category by adding three columns to separately capture sponsored general collateral Triparty Repo financing by maturity tenors. The proposed revisions would be effective with the first applicable as of date, June 5, 2024.                

*Frequency:*                     Weekly, monthly, and event-generated.                

*Respondents:*                     Primary government security dealers.                

*Total estimated number of respondents:*                     24.                

*Total estimated change in burden:*                     1,310.                

*Total estimated annual burden hours:*                     35,189.[1] 

Board of Governors of the Federal Reserve System, January 23, 2024.

Michele Taylor Fennell,

Deputy Associate Secretary of the Board.

# Footnotes

1.                             More 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 2004.                    
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[FR Doc. 2024-01631 Filed 1-26-24; 8:45 am]

BILLING CODE 6210-01-P