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
Federal Register / Vol. 90, No. 23 / Wednesday, February 5, 2025 / Notices 9031 

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: Reporting, 

Recordkeeping, and Disclosure 

Requirements Associated with 

Regulation NN. 

Collection identifier: FR NN. 

OMB control number: 7100–0353. 

General description of collection: The 

Board’s Regulation NN—Retail Foreign 

Exchange Transactions (12 CFR part 

240) establishes rules applicable to 

retail foreign currency transactions 

engaged in by state member banks, 

uninsured state-licensed branches of 

foreign banks, financial holding 

companies, bank holding companies, 

savings and loan holding companies, 

agreement corporations, and Edge 

corporations (collectively, banking 

institutions). Regulation NN includes 

certain reporting, recordkeeping, and 

disclosure requirements for banking 

institutions that elect to provide offexchange transactions in foreign 

currency with retail customers. 

Frequency: Event-generated. 

Respondents: Banking institutions. 

Total estimated number of 

respondents: 2. 

Total estimated annual burden hours: 

675. 

Board of Governors of the Federal Reserve 

System, January 31, 2025. 

Benjamin W. McDonough, 

Deputy Secretary and Ombuds of the Board. 

[FR Doc. 2025–02262 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, without revision, the Notice 

of Proposed Declaration of Dividend (FR 

1583; OMB No. 7100–0339). 

DATES: Comments must be submitted on 

or before April 7, 2025. 

ADDRESSES: You may submit comments, 

identified by FR 1583, 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 1583. 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; 


ddrumheller on DSK120RN23PROD with NOTICES1