106480 Federal Register / Vol. 89, No. 249 / Monday, December 30, 2024 / Notices 

ADDRESSES: The news release is 

available on the FASAB website at 

https://www.fasab.gov/news-releases/. 

Copies can be obtained by contacting 

FASAB at (202) 512–7350. 

FOR FURTHER INFORMATION CONTACT: Ms. 

Monica R. Valentine, Executive 

Director, 441 G Street NW, Suite 1155, 

Washington, DC 20548, or call (202) 

512–7350. 

Authority: 31 U.S.C. 3511(d); Federal 

Advisory Committee Act, 5 U.S.C. 

1001–1014. 

Dated: December 20, 2024. 

Monica R. Valentine, 

Executive Director. 

[FR Doc. 2024–31253 Filed 12–27–24; 8:45 am] 

BILLING CODE 1610–02–P 

FEDERAL COMMUNICATIONS 

COMMISSION 

[OMB 3060–1328; FR ID 270090] 

Information Collection Being Reviewed 

by the Federal Communications 

Commission 

AGENCY: Federal Communications 

Commission. 

ACTION: Notice and request for 

comments. 

SUMMARY: As part of its continuing effort 

to reduce paperwork burdens, and as 

required by the Paperwork Reduction 

Act (PRA) of 1995, the Federal 

Communications Commission (FCC or 

the Commission) invites the general 

public and other Federal agencies to 

take this opportunity to comment on the 

following information collection. 

Comments are requested concerning: 

whether the proposed collection of 

information is necessary for the proper 

performance of the functions of the 

Commission, including whether the 

information shall have practical utility; 

the accuracy of the Commission’s 

burden estimate; ways to enhance the 

quality, utility, and clarity of the 

information collected; ways to minimize 

the burden of the collection of 

information on the respondents, 

including the use of automated 

collection techniques or other forms of 

information technology; and ways to 

further reduce the information 

collection burden on small business 

concerns with fewer than 25 employees. 

DATES: Written PRA comments should 

be submitted on or before February 28, 

2025. If you anticipate that you will be 

submitting comments, but find it 

difficult to do so within the period of 

time allowed by this notice, you should 

advise the contact listed below as soon 

as possible. 

ADDRESSES: Direct all PRA comments to 

Nicole Ongele, FCC, via email PRA@

fcc.gov and to nicole.ongele@fcc.gov. 

FOR FURTHER INFORMATION CONTACT: For 

additional information about the 

information collection, contact Nicole 

Ongele, (202) 418–2991. 

SUPPLEMENTARY INFORMATION: The FCC 

may not conduct or sponsor a collection 

of information unless it displays a 

currently valid control number. No 

person shall be subject to any penalty 

for failing to comply with a collection 

of information subject to the PRA that 

does not display a valid Office of 

Management and Budget (OMB) control 

number. 

OMB Control Number: 3060–1328. 

Title: Participation Information 

Collection for the IoT Labeling Program. 

Form Number: N/A. 

Type of Review: Revision of a 

currently approved collection. 

Respondents: Business or other forprofit; Not-for-profit institutions. 

Number of Respondents and 

Responses: 332 respondents; 3,150 

responses. 

Estimated Time per Response: 20 

hours. 

Frequency of Response: One-time and 

on occasion reporting requirements; 

recordkeeping requirements. 

Obligation to Respond: Voluntary. 

Statutory authority for this collection is 

contained in 1, 2, 4(i), 4(n), 302, 303(r), 

312, 333, and 503, of the 

Communications Act of 1934, as 

amended, 47 U.S.C. 151, 152, 154(i), 

154(n), 302a, 303(r), 312, 333, 503; the 

IoT Cybersecurity Improvement Act of 

2020, 15 U.S.C. 278g–3a to 278g–3e. 

Total Annual Burden: 43,100 hours. 

Total Annual Cost: No Cost. 

Needs and Uses: The Commission 

seeks to revise this collection to reflect 

changes to these rules adopted by the 

Commission in a Public Notice on 

September 10, 2024 (opening an 

application filing window and adopting 

for Cybersecurity Label Administrator 

(CLA) and Lead Administrator). The 

FCC’s consumer IoT cybersecurity 

labeling program will provide 

consumers with easily understood, 

accessible information on the relative 

security of a consumer IoT product they 

are considering for purchase, which will 

increase the security of devices 

consumers bring into their homes and as 

part of a national IoT ecosystem. CLAs 

will be authorized by the Commission to 

certify use of the FCC IoT Label, which 

includes the U.S. government 

certification mark (U.S. Cyber Trust 

Mark), by manufacturers whose 

products are found to be in compliance 

with the Commission’s IoT 

cybersecurity labeling program rules. 

The September 2024 Public Notice 

adopted rules for the CLAs and the Lead 

Administrator to reduce the risk of 

unauthorized access, use, disclosure, 

disruption, modification, or destruction 

of program data. Under this collection, 

each CLA will be required to create, 

update, and implement a cybersecurity 

risk management plan identifying the 

cyber risks that the entity faces, the 

controls used to mitigate those risks, 

and the steps taken to ensure that these 

controls are applied effectively to their 

operations. The plan must also describe 

how the CLA employs its organizational 

resources and processes to ensure the 

confidentiality, integrity, and 

availability of its information and 

information systems. The CLA’s 

cybersecurity risk management plan 

must be available to the Commission 

upon request. 

Federal Communications Commission. 

Marlene Dortch, 

Secretary. Office of the Secretary. 

[FR Doc. 2024–31013 Filed 12–27–24; 8:45 am] 

BILLING CODE 6712–01–P 

FEDERAL RESERVE SYSTEM 

FEDERAL DEPOSIT INSURANCE 

CORPORATION 

Community Reinvestment Act 

Regulations Asset-Size Thresholds 

AGENCY: Board of Governors of the 

Federal Reserve System (Board); Federal 

Deposit Insurance Corporation (FDIC). 

ACTION: Announcement of 2025 assetsize thresholds. 

SUMMARY: Under their Community 

Reinvestment Act (CRA) regulations, the 

Board and the FDIC (collectively, the 

Agencies) annually adjust the asset-size 

thresholds used to define ‘‘small bank’’ 

and ‘‘intermediate small bank.’’ As 

required by the CRA regulations, the 

adjustment to the threshold amounts is 

based on the annual percentage change 

in the Consumer Price Index for Urban 

Wage Earners and Clerical Workers 

(CPI–W). Applying this annual inflation 

adjustment methodology, the Agencies 

are announcing that, from January 1, 

2025, through December 31, 2025, 

‘‘small bank’’ will mean a bank that, as 

of December 31 of either of the prior two 

calendar years, had assets of less than 

$1.609 billion; and ‘‘intermediate small 

bank’’ will mean a small bank with 

assets of at least $402 million as of 

December 31 of both of the prior two 

calendar years and less than $1.609 

billion as of December 31 of either of the 

prior two calendar years. 


ddrumheller on DSK120RN23PROD with NOTICES1
Federal Register / Vol. 89, No. 249 / Monday, December 30, 2024 / Notices 106481 

1 In October 2023, the Agencies and the Office of 

the Comptroller of the Currency (OCC) jointly 

issued a final rule to strengthen and modernize 

their Community Reinvestment Act regulations. See 

89 FR 6574 (Feb. 1, 2024). Although the final rule 

was intended to take effect on April 1, 2024, the 

final rule has been challenged in litigation, and the 

final rule is currently enjoined. As such, the legacy 

CRA regulations (referred to in this notice as the 

‘‘current CRA regulations’’) remain in effect. The 

text of the current CRA regulations may be found: 

(i) in the 2022, 2023, or 2024 bound versions of title 

12 of the Code of Federal Regulations; (ii) in the 

historical version of the Electronic Code of Federal 

Regulations (eCFR) as of March 29, 2024; or (iii) in 

appendix G of the final rule, as published in the 

eCFR on February 1, 2024. 

2See 12 CFR 228.12(u)(1) and 345.12(u)(1) of the 

current CRA regulations. 

3Historically, the Agencies have announced these 

annual inflation adjustments via rulemakings that 

amend the ‘‘small bank’’ and ‘‘intermediate small 

bank’’ definitions in their CRA regulations. See, 

e.g., 88 FR 87895 (Dec. 20, 2023) (implementing 

annual inflation adjustments for 2024). However, 

because the eCFR has been updated to reflect the 

text of the October 2023 final rule, and because the 

October 2023 final rule is currently enjoined, the 

Agencies have determined that this document 

(rather than a rulemaking) is the best vehicle for 

announcing the annual inflation adjustments for 

2025. Once the litigation is resolved, the Agencies 

expect to resume their historical practice of 

announcing these annual inflation adjustments via 

rulemakings. The OCC adjusts the asset-size criteria 

for institutions that are subject to OCC-issued CRA 

regulations, including national banks and Federal 

and State savings associations, separately from the 

Agencies. 

4See 12 CFR 228.12(u)(2) and 345.12(u)(2) of the 

current CRA regulations. 5See 70 FR 44256 (Aug. 2, 2005). Subsequently, 

the Office of Thrift Supervision (OTS), the agency 

then responsible for regulating savings associations, 

adopted an annual inflation adjustment 

methodology consistent with that of the Agencies 

and the OCC for its CRA regulations, previously set 

forth at 12 CFR part 563e. See 72 FR 13429 (Mar. 

22, 2007). The Dodd-Frank Wall Street Reform and 

Consumer Protection Act transferred CRA 

rulemaking authority for Federal and State savings 

associations from the OTC to the OCC. See 12 

U.S.C. 5412. 

6See https://www.ffiec.gov/cra/examinations.htm 

(‘‘Current and Historical Asset-Size Thresholds and 

Examples’’). 

DATES: These asset-size thresholds are in 

effect from January 1, 2025, through 

December 31, 2025. 

FOR FURTHER INFORMATION CONTACT: 

Board: Amal S. Patel, Senior Counsel, 

Division of Consumer and Community 

Affairs; or Sumeet Shroff, Counsel, or 

Cody Gaffney, Counsel, Legal Division, 

Board of Governors of the Federal 

Reserve System at (202) 452–2412. For 

the hearing impaired and users of 

Telecommunications Device for the Deaf 

(TDD) and TTY–TRS, please call 711 

from any telephone, anywhere in the 

United States. 

FDIC: Patience R. Singleton, Senior 

Policy Analyst, Supervisory Policy 

Branch, Division of Depositor and 

Consumer Protection, (202) 898–6859, 

psingleton@fdic.gov; Cassandra 

Duhaney, Counsel, (202) 898–6804, 

cduhaney@fdic.gov; or Alys V. Brown, 

Senior Attorney, (202), 898–3565, 

alybrown@fdic.gov, Legal Division, 

Federal Deposit Insurance Corporation, 

550 17th Street NW, Washington, DC 

20429. 

SUPPLEMENTARY INFORMATION: 

Community Reinvestment Act AssetSize Thresholds 

Under the current CRA regulations,1

‘‘small bank’’ means a bank that, as of 

December 31 of either of the prior two 

calendar years, had assets of less than 

$1.564 billion; and ‘‘intermediate small 

bank’’ means a small bank with assets 

of at least $391 million as of December 

31 of both of the prior two calendar 

years and less than $1.564 billion as of 

December 31 of either of the prior two 

calendar years.2 Pursuant to the annual 

inflation adjustment methodology 

described below, the Agencies are 

announcing that from January 1, 2025, 

through December 31, 2025, ‘‘small 

bank’’ will mean a bank that, as of 

December 31 of either of the prior two 

calendar years, had assets of less than 

$1.609 billion; and ‘‘intermediate small 

bank’’ will mean a small bank with 

assets of at least $402 million as of 

December 31 of both of the prior two 

calendar years and less than $1.609 

billion as of December 31 of either of the 

prior two calendar years.3

Calculation Methodology 

The Agencies’ CRA regulations 

establish CRA performance standards 

for small banks and intermediate small 

banks. The CRA regulations define 

small and intermediate small banks by 

reference to asset-size criteria expressed 

in dollar amounts, and they further 

require the Agencies to publish annual 

adjustments to these dollar figures based 

on the year-to-year change in the 

average of the CPI–W, not seasonally 

adjusted, for each 12-month period 

ending in November, with rounding to 

the nearest million.4 This adjustment 

formula was first adopted for CRA 

purposes by the Agencies and the OCC 

in 2005.5

During the 12-month period ending 

November 2024, the CPI–W increased 

by 2.91 percent. Because the year-toyear change in the CPI–W was non-zero, 

the Agencies are making this annual 

adjustment. Beginning January 1, 2025, 

banks that, as of December 31 of either 

of the prior two calendar years, had 

assets of less than $1.609 billion are 

small banks. Small banks with assets of 

at least $402 million as of December 31 

of both of the prior two calendar years 

and less than $1.609 billion as of 

December 31 of either of the prior two 

calendar years are intermediate small 

banks. 

The Agencies publish current and 

historical asset-size thresholds on the 

website of the Federal Financial 

Institutions Examination Council.6

By order of the Board of Governors of 

the Federal Reserve System, acting 

through the Secretary of the Board 

under delegated authority. 

Ann E. Misback, 

Secretary of the Board. 

Federal Deposit Insurance Corporation. 

Dated at Washington, DC, on December 15, 

2024. 

James P. Sheesley, 

Assistant Executive Secretary. 

[FR Doc. 2024–30849 Filed 12–27–24; 8:45 am] 

BILLING CODE 6210–01–P; 6714–01–P 

FEDERAL MARITIME COMMISSION 

Notice of Agreements Filed 

The Commission hereby gives notice 

of filing of the following agreement 

under the Shipping Act of 1984. 

Interested parties may submit 

comments, relevant information, or 

documents regarding the agreement to 

the Secretary by email at Secretary@

fmc.gov, or by mail, Federal Maritime 

Commission, 800 North Capitol Street, 

Washington, DC 20573. Comments will 

be most helpful to the Commission if 

received within 12 days of the date this 

notice appears in the Federal Register, 

and the Commission requests that 

comments be submitted within 7 days 

on agreements that request expedited 

review. Copies of agreement are 

available through the Commission’s 

website (www.fmc.gov) or by contacting 

the Office of Agreements at (202)–523– 

5793 or tradeanalysis@fmc.gov. 

Agreement No.: 201438. 

Agreement Name: Maesk/HL 

Mediterranean Vessel Sharing 

Agreement. 

Parties: Maersk A/S; Hapag-Lloyd AG. 

Filing Party: Wayne Rohde, Cozen 

O’Connor. 

Synopsis: The Agreement authorizes 

the Parties to share vessels in the trades 

between the U.S. East Coast on the one 

hand and ports in Turkey, Italy, and 

Morocco on the other hand. 

Proposed Effective Date: 1/27/2025. 

Location: https://www2.fmc.gov/ 

FMC.Agreements.Web/Public/ 

AgreementHistory/87583. 

Agreement No.: 201439. 

Agreement Name: Hapag-Lloyd/ZIM 

Med-North America/Jamaica Slot 

Exchange and Slot Charter Agreement. 

Parties: Hapag Lloyd AG; ZIM 

Integrated Shipping Services Ltd. 


ddrumheller on DSK120RN23PROD with NOTICES1