[Federal Register Volume 89, Number 19 (Monday, January 29, 2024)]
[Notices]
[Page 5543]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-01643]


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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 and Disclosure Requirements Associated with Regulation R 
(FR R; OMB No. 7100-0316).

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#0b657e636a256e67666a6c63796a69624b6d7969256c647d"><span class="__cf_email__" data-cfemail="cda3b8a5ace3a8a1a0acaaa5bfacafa48dabbfafe3aaa2bb">[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 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: Recordkeeping and Disclosure Requirements 
Associated with Regulation R.
    Collection identifier: FR R.
    OMB control number: 7100-0316.
    General description of collection: The Board's Regulation R--
Exceptions for Banks from the Definition of Broker in the Securities 
Exchange Act of 1934 (12 CFR part 218) implements certain exceptions 
for banks from the definition of broker under section 3(a)(4) of the 
Securities Exchange Act of 1934 (Exchange Act). Sections 701, 723, and 
741 of Regulation R contain certain recordkeeping provisions for banks 
that utilize the exceptions in the Exchange Act and certain customer 
and counterparty disclosure requirements.
    Frequency: Event-generated.
    Respondents: Banks, as defined in the Exchange Act, that qualify 
for the exemptions from the Exchange Act definition of broker.
    Total estimated number of respondents: 3,185.
    Total estimated annual burden hours: 62,709.\1\
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    \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 R.
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    Current actions: On September 11, 2023, the Board published a 
notice in the Federal Register (88 FR 62363) requesting public comment 
for 60 days on the extension, without revision, of the FR R. The 
comment period for this notice expired on November 13, 2023. The Board 
did not receive any comments.

    Board of Governors of the Federal Reserve System.
    January 23, 2024.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2024-01643 Filed 1-26-24; 8:45 am]
BILLING CODE 6210-01-P


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