```

[Federal Register Volume 89, Number 246 (Monday, December 23, 2024)]
[Notices]
[Pages 104540-104541]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-30588]

-----------------------------------------------------------------------

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 
Basel II Interagency Pillar 2 Supervisory Guidance (FR 4199; OMB No. 
7100-0320).

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.
    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

[[Page 104541]]

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/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 4199.

Final Approval Under OMB Delegated Authority of the Extension for Three 
Years, Without Revision, of the Following Information Collection

    Collection title: Basel II Interagency Pillar 2 Supervisory 
Guidance.
    Collection identifier: FR 4199.
    OMB control number: 7100-0320.
    General description of collection: Advanced approaches banking 
organizations are required to use an internal ratings-based approach to 
calculate regulatory credit risk capital requirements and advanced 
measurement approaches to calculate regulatory operational risk capital 
requirements. Banking organizations are required to meet certain 
qualification requirements before they can use the advanced approaches 
framework for risk-based capital purposes. The Pillar 2 Guidance sets 
the expectation that such organizations maintain certain documentation 
as described in paragraphs 37, 41, 43, and 46 of this portion of the 
guidance.
    Frequency: On occasion.
    Respondents: State member banks and bank holding companies that use 
the advanced approaches framework.
    Total estimated number of respondents: 15.
    Total estimated annual burden hours: 6,300.
    Current actions: On July 29, 2024, the Board published a notice in 
the Federal Register (89 FR 60895) requesting public comment for 60 
days on the extension, without revision, of the FR 4199. The comment 
period for this notice expired on September 27, 2024. The Board did not 
receive any comments.

    Board of Governors of the Federal Reserve System, December 18, 
2024.
Benjamin W. McDonough,
Deputy Secretary and Ombuds of the Board.
[FR Doc. 2024-30588 Filed 12-20-24; 8:45 am]
BILLING CODE 6210-01-P
```