Federal Register / Vol. 90, No. 23 / Wednesday, February 5, 2025 / Notices 9027 

Board of Governors of the Federal Reserve 

System, January 31, 2025. 

Benjamin W. McDonough, 

Deputy Secretary and Ombuds of the Board. 

[FR Doc. 2025–02254 Filed 2–4–25; 8:45 am] 

BILLING CODE 6210–01–P 

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, with revision, the Procurement 

Solicitation Package (FR 1400; OMB No. 

7100–0180). 

DATES: The revisions are effective March 

7, 2025. 

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. 

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. Boardapproved 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/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 1400. 

Final Approval Under OMB Delegated 

Authority of the Extension for Three 

Years, With Revision, of the Following 

Information Collection 

Collection title: Procurement 

Solicitation Package. 

Collection identifier: FR 1400. 

OMB control number: 7100–0180. 

General description of collection: The 

Board uses the Procurement Solicitation 

Package, which includes a supplier 

database and solicitation documents as 

appropriate, to assist in the competitive 

process of soliciting proposals from 

suppliers of goods and services. The 

Procurement Solicitation Package 

includes the Supplier Registration 

System (FR 1400A), the Solicitation 

Package (Solicitation, Offer, and Award 

Form; Supplier Information Form; Past 

Performance Data Sheet; and Past 

Performance Questionnaire) (FR 1400B), 

the Supplier Risk Management Offeror 

Questionnaire (FR 1400C), and the 

Subcontracting Report (FR 1400D). The 

information collected through the 

Procurement Solicitation Package is 

necessary for Board staff to fairly and 

accurately evaluate the merits of 

suppliers’ proposals, to select the 

proposal most advantageous to the 

Board, taking into account price and 

other key factors, and to award and 

administer contracts after a supplier has 

been selected. 

Frequency: FR 1400A/FR 1400B/FR 

1400C/FR 1400E, event-generated; FR 

1400D, semiannual. 

Respondents: Businesses and 

individuals. 

Total estimated number of 

respondents: 550. 

Estimated average hours per response: 

FR 1400A, 0.67; FR 1400B, 81; FR 

1400C, 7.6; FR 1400D, 0.7; FR 1400E, 

0.45. 

Total estimated change in burden: 27 

hours. 

Total estimated annual burden hours: 

24,979. 

Current actions: On September 30, 

2024, the Board published a notice in 

the Federal Register (89 FR 79590) 

requesting public comment for 60 days 

on the extension, with revision, of the 

FR 1400. The Board proposed to clear a 

new, event-generated form, the 

Contractor Conflict of Interest Screening 

(FR 1400E). The FR 1400E will be used 

to screen potential contractors that 

would be conducting research 

pertaining to the Board’s mission (e.g., 

monetary policy, financial stability, or 

supervision and regulation) and/or have 

access to sensitive Board information 

such as confidential supervisory 

information, in order to determine if 

they have any conflict of interests. The 

comment period for this notice expired 

on November 29, 2024. The Board did 

not receive any comments. The 

revisions will be implemented as 

proposed. 

Board of Governors of the Federal Reserve 

System, January 31, 2025. 

Benjamin W. McDonough, 

Deputy Secretary and Ombuds of the Board. 

[FR Doc. 2025–02258 Filed 2–4–25; 8:45 am] 

BILLING CODE 6210–01–P 

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, with revision, the Financial 

Statements of Foreign Subsidiaries of 

U.S. Banking Organizations, Financial 

Statements of U.S. Nonbank 

Subsidiaries of U.S. Holding 

Companies, (FR 2314/S, FR Y–11/S; 

OMB No. 7100–0073) and the Reports of 

Foreign Banking Organizations (FR Y– 

7N/NS/Q; OMB No. 7100–0125). 

DATES: The revisions will take effect as 

of March 31, 2025. 

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. 

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. Boardapproved 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 


ddrumheller on DSK120RN23PROD with NOTICES1
9028 Federal Register / Vol. 90, No. 23 / Wednesday, February 5, 2025 / Notices 

1As part of this clearance, the Board has cleared 

the FR 2314/S and FR Y–11/S under the FR 2314 

OMB control number (7100–0073), and will 

discontinue the FR Y–11’s separate OMB control 

number (7100–0244). This non-substantive change 

is aimed at simplifying the tracking and clearance 

process for the four related forms. This change does 

not modify the reporting or recordkeeping 

requirements of the forms described in this notice 

in any way. The collection is now titled Financial 

Statements of U.S. Nonbank Subsidiaries of U.S. 

Holding Companies and Financial Statements of 

Foreign Subsidiaries of U.S. Banking Organizations 

(FR 2314/S and FR Y–11/S; OMB No. 7100–0073). 2See 89 FR 81137 (October 7, 2024). 

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. On 

the page displayed at the link above, 

you can find the supporting information 

by referencing the collection identifier, 

FR 2314/S, FR Y–11/S, and FR Y–7N/ 

NS/Q. 

Final Approval Under OMB Delegated 

Authority of the Extension for Three 

Years, With Revision, of the Following 

Information Collection 

Collection title: Financial Statements 

of Foreign Subsidiaries of U.S. Banking 

Organizations, and Financial Statements 

of U.S. Nonbank Subsidiaries of U.S. 

Holding Companies. 

Collection identifier: FR 2314/S and 

FR Y–11/S. 

OMB control number: 7100–0073.1

General description of collection: The 

FR 2314 reporting forms collect 

financial information for nonfunctionally regulated direct or indirect 

foreign subsidiaries of U.S. state 

member banks, Edge and agreement 

corporations, and holding companies 

(HCs) (i.e., bank holding companies 

(BHCs), savings and loan holding 

companies (SLHCs), securities holding 

companies (SHCs), and intermediate 

holding companies (IHCs)). The data 

from the FR 2314 forms are used to 

identify current and potential problems 

at the foreign subsidiaries of U.S. parent 

companies, to monitor the activities of 

U.S. banking organizations in specific 

countries, and to develop a better 

understanding of activities within the 

industry, in general, and of individual 

institutions, in particular. 

The FR Y–11 reporting forms collect 

financial information for individual 

non-functionally regulated U.S. 

nonbank subsidiaries of domestic HCs, 

which is essential for monitoring the 

subsidiaries’ potential impact on the 

condition of the HC or its subsidiary 

banks. HCs file the FR Y–11 on a 

quarterly or annual basis, or the FR Y– 

11S on an annual basis, predominantly 

based on whether the organization 

meets certain asset size thresholds. The 

data from the FR Y–11 forms are used 

with other HC data to assess the 

condition of HCs that are heavily 

engaged in nonbanking activities and to 

monitor the volume, nature, and 

condition of their nonbanking 

operations. 

Frequency: Quarterly and annually. 

Respondents: U.S. banking 

organizations and U.S. HCs. 

Total estimated number of 

respondents: Reporting: FR 2314 

(quarterly): 434; FR 2314 (annually): 

223; FR 2314S: 295; FR Y–11 

(quarterly): 386; FR Y–11 (annually): 

211; FR Y–11S: 286. Recordkeeping: FR 

2314 (quarterly): 434; FR 2314 

(annually): 223; FR 2314S: 295; FR Y– 

11 (quarterly): 386; FR Y–11 (annually): 

211; FR Y–11S: 286. 

Estimated average hours per response: 

Reporting: FR 2314 (quarterly): 8.0; FR 

2314 (annually): 7.9; FR 2314S: 1; FR Y– 

11 (quarterly): 8.3; FR Y–11 (annually): 

8.3; FR Y–11S: 1. Recordkeeping: FR 

2314 (quarterly): 0.2; FR 2314 

(annually): 0.2; FR 2314S: 0.2; FR Y–11 

(quarterly): 0.2; FR Y–11 (annually): 0.2; 

FR Y–11S: 0.2. 

Total estimated change in burden: 

3,632. 

Total estimated annual burden hours: 

31,656. 

Collection title: Reports of Foreign 

Banking Organizations. 

Collection identifier: FR Y–7N/NS/Q. 

OMB control number: 7100–0125. 

General description of collection: The 

FR Y–7N/NS collect financial 

information for certain non-functionally 

regulated U.S. nonbank subsidiaries 

held by foreign banking organizations 

(FBOs) other than through a U.S. BHC, 

financial holding company (FHC), or 

U.S. bank. For purposes of these reports, 

an FBO is a foreign bank that operates 

a branch, agency, or commercial lending 

company subsidiary in the United 

States; controls a bank in the United 

States; or controls an Edge corporation 

acquired after March 5, 1987. FBOs file 

the FR Y–7N quarterly or annually or 

the FR Y–7NS annually, predominantly 

based on asset size thresholds. The 

Federal Reserve uses the data collected 

on the FR Y–7N/NS/Q to assess an 

FBO’s ability to be a continuing source 

of strength to its U.S. operations and to 

determine compliance with applicable 

U.S. laws and regulations. In addition, 

the FR Y–7Q collects consolidated 

regulatory capital information from all 

FBOs, which the Federal Reserve uses to 

assess the FBO’s ability to be a 

continuing source of strength to its U.S. 

banking operations and to determine 

compliance with U.S. laws and 

regulations. 

Frequency: Quarterly and annually. 

Respondents: FBOs. 

Total estimated number of 

respondents: Reporting: FR Y–7N 

(quarterly): 29; FR Y–7N (annually): 14; 

FR Y–7NS: 13; FR Y–7Q (quarterly): 

122; FR Y–7Q (annually): 19. 

Recordkeeping: FR Y–7N (quarterly): 29; 

FR Y–7N (annually): 14; FR Y–7NS: 13. 

Estimated average hours per response: 

Reporting: FR Y–7N (quarterly): 8.3; FR 

Y–7N (annually): 8.3; FR Y–7NS: 1; FR 

Y–7Q (quarterly): 3.25; FR Y–7Q 

(annually): 2.5. Recordkeeping: FR Y– 

7N (quarterly): 0.2; FR Y–7N (annually): 

0.2; FR Y–7NS: 0.2. 

Total estimated change in burden: 

120. 

Total estimated annual burden hours: 

2,755. 

Current actions: On June 7, 2024, the 

Board published two separate initial 

notices in the Federal Register (89 FR 

48639 and 89 FR 48641) requesting 

public comment for 60 days on the 

extension, with revision, of the FR 2314, 

FR Y–11 and FR Y–7N. The comment 

period for both notices expired on 

August 6, 2024, and the Board received 

one comment letter on the FR 2314 and 

FR Y–11 notice. Additionally, the Board 

received one comment regarding the 

Federal Financial Institutions 

Examination Council (FFIEC) Foreign 

Branch Report of Condition (FFIEC 030/ 

030S), however, the comment is not 

related to the collections discussed in 

this notice.2 After considering the 

comments received, the Board is 

proceeding with the proposed revisions, 

but with certain modifications. There 

are no changes to the FR Y–7Q at this 

time. The specific comments, the 

Board’s responses, and pertinent 

modifications follow. 

Detailed Discussion of Public 

Comments 

1. Accounting Standards Update (ASU) 

2022–02, ‘‘Financial Instruments— 

Credit Losses (Topic): Troubled Debt 

Restructurings and Vintage Disclosures’’ 

The commenter was supportive of the 

proposed revisions to align the 

regulatory reporting of loan 

modifications to borrowers experiencing 

financial difficulty (LMBEFD) on the FR 

2314, FR Y–11, and FR Y–7N in 

accordance with ASU 2022–02 issued 

by the Financial Accounting Standards 

Board in March 2022. The commenter 


ddrumheller on DSK120RN23PROD with NOTICES1
Federal Register / Vol. 90, No. 23 / Wednesday, February 5, 2025 / Notices 9029 

3See 89 FR 48637 (June 7, 2024). 

4See 89 FR 48644 (June 7, 2024). 

5See 89 FR 52042 (June 21, 2024). 

6See 89 FR 90284 (November 15, 2024). 

7See 88 FR 66933 (September 28, 2023). 

8A USBO must file the FR 2314 quarterly for its 

foreign subsidiary if the parent U.S. HC has total 

consolidated assets of $500 million or more or files 

the FR Y–9C, or the subsidiary is owned or 

controlled by a state member bank or an Edge or 

agreement corporation that has total consolidated 

assets equal to or greater than $500 million, and the 

subsidiary meets any one of the following criteria: 

(1) total assets of the foreign subsidiary are equal 

to or greater than $1 billion; (2) the foreign 

subsidiary’s off-balance-sheet activities are equal to 

or greater than $5 billion; (3) the foreign 

subsidiary’s equity capital is equal to or greater than 

5 percent of the top-tier organization’s consolidated 

equity capital; or (4) the foreign subsidiary’s 

operating revenue is equal to or greater than 5 

percent of the top-tier organization’s consolidated 

operating revenue. 

specifically commended the Board for 

properly aligning the reporting standard 

to U.S. generally accepted accounting 

principles (GAAP) and current firm 

practices, which will allow for the 

collection of relevant information 

without undue regulatory reporting 

burden to institutions. The commenter 

also encouraged the Board to support 

implementing ASU 2022–02 across all 

regulatory reporting forms, including 

the FFIEC Consolidated Reports of 

Condition and Income (Call Report) 

(FFIEC 031/041/051). In response, the 

Board is proceeding with these revisions 

as proposed to the FR 2314, FR Y–11, 

and FR Y–7N. 

Additionally, on June 7, 2024, the 

Board published in the Federal Register 

separate initial notices that invited 

comment for 60 days on the extension, 

with revision, of the Financial 

Statements for Holding Companies (FR 

Y–9 Reports) 3 and the Consolidated 

Report of Condition and Income for 

Edge and Agreement Corporations (FR 

2886b) 4 to propose aligning the 

reporting of LMBEFD with ASU 2022– 

02. Also, on June 21, 2024, the Board 

published in the Federal Register an 

initial notice that invited comment for 

60 days on the extension, with revision, 

of the Capital Assessments and Stress 

Testing Reports (FR Y14A/Q/M),5 to 

propose aligning the reporting of 

LMBEFD with ASU 2022–02. The 

comment period for the FR Y–9 and FR 

2886b initial notices expired on August 

6, 2024, and the Board recently finalized 

these revisions as proposed.6 The 

comment period for the FR Y–14A/Q/M 

notice expired on August 20, 2024. With 

regard to the reporting of LMBEFD on 

the Call Report, the Office of the 

Comptroller of the Currency (OCC), the 

Federal Deposit Insurance Corporation 

(FDIC), and the Board (collectively, the 

agencies) are continuing to evaluate the 

comments on their September 2023 

proposal.7 Upon conclusion of their 

review, the agencies will adopt a 

standard through a subsequent PRA 

notice with a 30-day public comment 

period. 

2. Incorporate Line Items From the FR 

2502q Into the FR 2314 

The commenter was supportive of 

incorporating line items from the 

Quarterly Report of Assets and 

Liabilities of Large Foreign Offices of 

U.S. Banks (FR 2502q) into the FR 2314. 

However, the commenter requested the 

Board modify certain aspects of the 

proposal. First, the commenter urged 

the Board to limit the scope of 

respondents subject to the proposed FR 

2314 Schedule BS–Q, ‘‘Due From, Due 

To, and Other’’ to those that meet the 

current criteria to file the FR 2502q. The 

commenter stated that there are 

significant scoping differences between 

the FR 2502q and the FR 2314. For 

subsidiaries, FR 2502q reporting is 

limited to those foreign subsidiaries 

located in the United Kingdom (U.K.) or 

the Caribbean that file the quarterly FR 

2314, have a banking charter, engage in 

banking business, and report $2 billion 

or more in total assets and $10 million 

or more in total deposits. The FR 2314 

quarterly instructions state that a U.S. 

Banking Organization (USBO) must file 

the report quarterly for its foreign 

subsidiary if the parent U.S. HC has 

total consolidated assets of $500 million 

or more or files the FR Y–9C, or the 

subsidiary is owned or controlled by a 

state member bank or an Edge or 

agreement corporation that has total 

consolidated assets equal to or greater 

than $500 million, and the subsidiary 

meets any one of several criteria.8 The 

commenter stated that the FR 2314’s 

reporting scope, without the geographic 

limitation to foreign subsidiaries in the 

U.K. and the Caribbean, results in a 

much greater reporting burden on firms. 

Furthermore, this commenter also 

stated that the proposed changes and 

increased granularity of the items 

reported would necessitate both the 

development of new systems, as well as 

modifications to existing ones. This 

reporting burden would be greatest on 

respondents that have newly scoped-in 

entities that would be reporting this 

information for the first time. In light of 

this, the commenter requested that, if 

the scope of respondents on the 

proposed FR 2314 Schedule BS–Q is not 

limited to those that currently meet the 

criteria to file the FR 2502q, foreign 

subsidiaries would need at least four 

quarters from publication of the final 

forms and instructions to implement the 

revisions. However, if the scope were 

limited to foreign subsidiaries that meet 

the current criteria to file the FR 2502q, 

foreign subsidiaries would only need 

two additional quarters to implement 

the proposal. 

The Board agrees with the commenter 

that broadening the criteria for reporting 

the proposed FR 2314 Schedule BS–Q 

beyond the current reporting criteria for 

the FR 2502q may impose additional 

burden on FR 2314 respondents and is 

finalizing the criteria for completing 

Schedule BS–Q as noted below. Foreign 

subsidiaries that are located in the U.K. 

or Caribbean (that are not located in a 

U.S. military facility), that have a 

banking charter and engage in banking 

business, that report $2 billion or more 

in total assets in Schedule BS, item 10, 

and $10 million or more in total 

deposits in Schedule BS–M, item 6, as 

of the end of the calendar quarter, must 

complete new Schedule BS–Q. Foreign 

Subsidiaries that file the FR 2314 on an 

annual basis would not report the new 

items. The FR 2314 instructions will be 

updated to reflect these changes. 

Substantially restricting the scope of 

institutions required to complete 

Schedule BS–Q should additionally 

limit the burden incurred due to system 

revisions necessary to implement the 

revisions. Although the proposed line 

items would be new on the FR 2314, 

there would be fewer items reported and 

they would be at the same level of 

granularity as currently reported on the 

FR 2502q. However, the Board 

acknowledges that U.S. HCs and their 

foreign subsidiaries may need 

additional time initially to develop their 

reporting systems to implement these 

changes. As such, the Board will delay 

the requirement to complete Schedule 

BS–Q until March 31, 2025. 

3. Other Comments Received 

The commenter noted that the notice 

proposes to revise the instructions of FR 

2314 and FR Y–11, Schedule IS, line 

item 4, ‘‘Provision for Credit Losses’’, to 

instruct respondents to include 

provisions for credit losses on all 

financial assets and off-balance-sheet 

credit exposures. The commenter stated 

that, despite this proposed revision, 

contradictory language would remain in 

the instructions for Schedule IS, line 

item 4, ‘‘Provisions for Credit Losses’’ 

stating to ‘‘exclude provision for credit 

losses on off-balance-sheet credit 

exposures and provisions for allocated 

transfer risk, both of which should be 

reported in Schedule IS, line item 7, 

‘‘Noninterest expense’’. The commenter 

also noted that the current instructions 

of Schedule IS line item 7(a), 

‘‘Pertaining to nonrelated 


ddrumheller on DSK120RN23PROD with NOTICES1
9030 Federal Register / Vol. 90, No. 23 / Wednesday, February 5, 2025 / Notices 

organizations’’, states to ‘‘report any 

provision for credit losses related to offbalance sheet credit exposures’’. 

Therefore, the commenter requested the 

Board (1) exclude the provision for 

credit losses on off-balance sheet credit 

exposures from Schedule IS, line item 4, 

and (2) instead include them on line 

item 7. In response to the commenter, 

the Board explicitly notes that 

provisions for credit losses on offbalance sheet and provisions for 

allocated transfer risk should be 

reflected in FR 2314 and FR Y–11 

Schedule IS, item 4, and excluded from 

Schedule IS, item 7. This clarification is 

also applicable to FR Y–7N Schedule IS, 

items 4, ‘‘Provisions for Credit Losses’’ 

and 7, ‘‘Noninterest expense’’. 

Therefore, the Board will update the 

instructions of FR 2314, FR Y–11, FR Y– 

7N Schedule IS items 4 and 7 

accordingly. 

The commenter also asked for 

clarification on FR 2314 Schedule BS– 

Q, line items 3, ‘‘Assets that are claims 

on U.S. addressees other than 

depository institutions’’, and 4, 

‘‘Liabilities to U.S. addressees other 

than depository institutions’’. The 

instructions of proposed Schedule BS– 

Q state to exclude balances with related 

institutions from line items 3 and 4, 

while BS–Q, line items 1, ‘‘Balances due 

from related institutions, gross’’, and 2, 

‘‘Balances due to related institutions, 

gross’’, represent balances due from and 

due to related institutions, gross, as 

stated in the line item caption name. 

The commenter requested that Board 

revise the instructions to explicitly 

clarify that these balances reported in 

Schedule BS–Q line items 1 and 2 

should be excluded when reporting the 

balances in line items 3 and 4. In 

response, the Board will revise the 

instructions to explicitly clarify that 

balances with related institutions are 

excluded from Schedule BS–Q, line 

items 3 and 4. 

The commenter also stated that 

proposed revisions to the draft FR 2314 

and FR Y–11 report forms, Schedule IS– 

B, Memoranda items M3 and M4 

contain a reference to a footnote (FN 6) 

following the the line item captions. 

The commenter requested that FN 6 be 

added and respondents be given the 

opportunity to comment on this item. 

Schedule IS–B, Memoranda items M3 

and M4 should not reference FN 6 on 

the respective report forms. Therefore, 

the report forms will be updated to no 

longer reference FN 6. 

Lastly, the commenter requested 

clarity regarding the statement that six 

line items from the FR 2502q would be 

incorporated into the proposed FR 2314 

Schedule BS–Q, when it appears that 

only one line item is included. The 

commenter stated that, ‘‘although there 

are six line items on the proposed FR 

2314 Schedule BS–Q, only line items 3 

and 4, which break out FR 2502q line 

item 1.c. are from the FR 2502q.’’ The 

Board acknowledges that not all line 

items that were proposed to be added to 

the FR 2314 are explicitly from the FR 

2502q. However, the intent of these new 

line items is to allow for the 

discontinuation of the FR 2502q and to 

support the supervisory data needs of 

the FR 2502q data users. 

Board of Governors of the Federal Reserve 

System, January 31, 2025. 

Benjamin W. McDonough, 

Deputy Secretary and Ombuds of the Board. 

[FR Doc. 2025–02257 Filed 2–4–25; 8:45 am] 

BILLING CODE 6210–01–P 

FEDERAL RESERVE SYSTEM 

Proposed Agency Information 

Collection Activities; Comment 

Request 

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 the Reporting, 

Recordkeeping, and Disclosure 

Requirements Associated with 

Regulation NN (FR NN; OMB No. 7100– 

0353). 

DATES: Comments must be submitted on 

or before April 7, 2025. 

ADDRESSES: You may submit comments, 

identified by FR NN, by any of the 

following methods: 

• Agency Website: https://

www.federalreserve.gov/. Follow the 

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: publiccomments@

frb.gov. 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, 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/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 NN. 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, 


ddrumheller on DSK120RN23PROD with NOTICES1