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[Federal Register Volume 89, Number 235 (Friday, December 6, 2024)]
[Notices]
[Pages 96975-96976]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-28522]

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FEDERAL RESERVE SYSTEM

Proposed Agency Information Collection Activities; Comment 
Request

AGENCY: Board of Governors of the Federal Reserve System.

ACTION: Notice, request for comment.

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SUMMARY: The Board of Governors of the Federal Reserve System (Board) 
invites comment on a proposal to extend for three years, without 
revision, the Report of Institution-to-Aggregate Granular Data on 
Assets and Liabilities on an Immediate Counterparty Basis (FR 2510; OMB 
No. 7100-0376).

DATES: Comments must be submitted on or before February 4, 2025.

ADDRESSES: You may submit comments, identified by FR 2510, by any of 
the following methods:
     Agency Website: https://www.federalreserve.gov/. Follow 
the

[[Page 96976]]

instructions for submitting comments, including attachments. Preferred 
method.
     Mail: Ann E. Misback, Secretary, Board of Governors of the 
Federal Reserve System, 20th Street and Constitution Avenue NW, 
Washington, DC 20551.
     Hand Delivery/Courier: Same as mailing address.
     Other Means: [email protected]. You must include the 
OMB number or the FR number in the subject line of the message.
    Comments received are subject to public disclosure. In general, 
comments received will be made available on the Board's website at 
https://www.federalreserve.gov/apps/proposals/ without change and will 
not be modified to remove personal or business information including 
confidential, contact, or other identifying information. Comments 
should not include any information such as confidential information 
that would be not appropriate for public disclosure. Public comments 
may also be viewed electronically or in person in Room M-4365A, 2001 C 
St. NW, Washington, DC 20551, between 9 a.m. and 5 p.m. during Federal 
business weekdays.
    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, [email protected], (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. On the page displayed at the link above, you can 
find the supporting information by referencing the collection 
identifier, FR 2510. 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: Report of Institution-to-Aggregate Granular Data 
on Assets and Liabilities on an Immediate Counterparty Basis.
    Collection identifier: FR 2510.
    OMB control number: 7100-0376.
    General description of collection: The FR 2510 collects granular 
exposure data on the assets, liabilities, and off-balance sheet 
holdings of certain large banking organizations, providing breakdowns 
by country, instrument, currency, maturity, sector, and other factors. 
The FR 2510 also collects country exposure data on an immediate 
counterparty basis and detailed information on firms' derivatives 
exposures. The information collected by the FR 2510 supports the 
Board's supervision of global systemically important bank holding 
companies (BHCs) by allowing for a more complete balance sheet analysis 
of these firms and allows the Board to more closely monitor the 
systemic impacts of such firms' activities and investments.
    The Board makes available on its public website the instructions 
for the FR 2510, Report of Institution-to-Aggregate Granular Data on 
Assets and Liabilities on an Immediate Counterparty Basis, which are 
currently in a two-column format. To improve readability on electronic 
devices, the Board is considering updating the instructions to a one-
column format.
    Frequency: Quarterly.
    Respondents: Any BHC that is organized under the laws of the United 
States or any U.S. state and that is identified as a global 
systemically important BHC under the Board's Regulation Q.
    Total estimated number of respondents: 8.
    Total estimated annual burden hours: 18,528.

    Board of Governors of the Federal Reserve System, December 2, 
2024.
Benjamin W. McDonough,
Deputy Secretary and Ombuds of the Board.
[FR Doc. 2024-28522 Filed 12-5-24; 8:45 am]
BILLING CODE 6210-01-P
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