9034 Federal Register / Vol. 90, No. 23 / Wednesday, February 5, 2025 / Notices 

Collection identifier: FR 2420. 

OMB control number: 7100–0357. 

General description of collection: The 

FR 2420 is a transaction-based report 

that collects daily liability data on 

federal funds purchased, selected 

borrowings from non-exempt entities, 

Eurodollar transactions, and time 

deposits and certificates of deposits 

from (1) domestically chartered 

commercial banks and savings 

associations that have $18 billion or 

more in total assets as well as those that 

have total assets above $5 billion but 

less than $18 billion and meet the 

activity threshold, (2) U.S. branches and 

agencies of foreign banks with total 

third-party assets of $2.5 billion or 

more, and (3) significant banking 

organizations that are active participants 

in money markets. The FR 2420 also 

collects daily data on Eurodollar 

transactions from International Banking 

Facilities (IBFs) of the above-referenced 

institutions. The FR 2420 data are used 

in the publication of the Effective 

Federal Funds Rate and Overnight Bank 

Funding Rate and in analysis of current 

money market conditions. 

Frequency: Daily. 

Respondents: Commercial banks, 

savings associations, U.S. branches and 

agencies of foreign banks, IBFs, and 

significant banking organizations 

representing entities actively 

participating in the federal funds and/or 

other money markets. 

Total estimated number of 

respondents: 277. 

Total estimated change in burden: 

14,000. 

Total estimated annual burden hours: 

133,825. 

Current actions: On September 30, 

2024, the Board published a notice in 

the Federal Register (89 FR 79592) 

requesting public comment for 60 days 

on the extension, with revision, of the 

FR 2420. The Board proposed to add 

data items to the FR 2420 reporting form 

concerning short-term bank funding 

from the Federal Home Loan Banks 

(FHLBs) in the form of secured 

borrowings known as advances with one 

year or less to maturity at origination, as 

well as interest-bearing deposits placed 

by FHLBs without a specified maturity. 

In addition, the Board proposed to add 

an item to the time deposits section of 

the FR 2420 requiring respondents to 

denote which deposits are brokered 

transactions. The Board proposed to 

revise the FR 2420 instructions to add 

guidance related to submission of these 

new data items. Among other 

instruction revisions, the Board 

proposed to remove references to the 

London Interbank Offered Rate (LIBOR) 

in the instructions to reflect the 

cessation of U.S. dollar LIBOR. 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. 2025–02255 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 

Recordkeeping Provisions Associated 

with the Interagency Statement on 

Complex Structured Finance Activities 

(FR 4022; OMB No. 7100–0311). 

DATES: Comments must be submitted on 

or before April 7, 2025. 

ADDRESSES: You may submit comments, 

identified by FR 4022, 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 4022. 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; 


ddrumheller on DSK120RN23PROD with NOTICES1
Federal Register / Vol. 90, No. 23 / Wednesday, February 5, 2025 / Notices 9035 

1 Interagency Statement on Sound Practices 

Concerning Elevated Risk Complex Structured 

Finance Activities (the Statement) (January 11, 

2007), available at https://www.federalregister.gov/ 

documents/2007/01/11/07-55/interagencystatement-on-sound-practices-concerning-elevatedrisk-complex-structured-finance. 

2See section III, part A, ‘‘Identifying Elevated 

Risk CSFTs,’’ of the final interagency statement for 

more details. 

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: Recordkeeping 

Provisions Associated with the 

Interagency Statement on Complex 

Structured Finance Activities. 

Collection identifier: FR 4022. 

OMB control No.: 7100–0311. 

General description of collection: This 

interagency guidance (the Statement) 1

states that certain financial institutions 

should establish and maintain written 

policies and procedures for identifying, 

evaluating, assessing, documenting, and 

controlling risks associated with 

complex structured finance transactions 

(CSFTs) and should retain certain 

documents related to elevated risk 

CSFTs,2 which are a subcategory of 

CSFTs. The FR 4022 covers these 

information collections for financial 

institutions that are subject to the 

Statement and that are supervised by 

the Board. 

Frequency: On-going. 

Respondents: State member banks, 

bank holding companies (other than 

foreign banking organizations), savings 

and loan holding companies, and U.S. 

branches and agencies of foreign banks. 

Total estimated number of 

respondents: 14. 

Total estimated annual burden hours: 

140. 

Board of Governors of the Federal Reserve 

System, January 31, 2025. 

Benjamin W. McDonough, 

Deputy Secretary and Ombuds of the Board. 

[FR Doc. 2025–02256 Filed 2–4–25; 8:45 am] 

BILLING CODE 6210–01–P 

DEPARTMENT OF HEALTH AND 

HUMAN SERVICES 

Administration for Children and 

Families 

Submission for Office of Management 

and Budget (OMB) Review; Child Care 

Improper Payments Data Collection 

Instructions (OMB #0970–0323) 

AGENCY: Office of Child Care, 

Administration for Children and 

Families, U.S. Department of Health and 

Human Services. 

ACTION: Request for public comments. 

SUMMARY: The Administration for 

Children and Families is proposing 

revisions to an approved information 

collection, the Child Care Improper 

Payments Data Collection Instructions 

(OMB #0970–0323, expiration 1/31/ 

2025). In addition to the proposed 

changes, we are requesting a 3-year 

extension. 

DATES: Comments due March 7, 2025. 

OMB must make a decision about the 

collection of information between 30 

and 60 days after publication of this 

document in the Federal Register. 

Therefore, a comment is best assured of 

having its full effect if OMB receives it 

within 30 days of publication. 

ADDRESSES: Written comments and 

recommendations for the proposed 

information collection should be sent 

within 30 days of publication of this 

notice to www.reginfo.gov/public/do/ 

PRAMain. Find this particular 

information collection by selecting 

‘‘Currently under 30-day Review—Open 

for Public Comments’’ or by using the 

search function. You can also obtain 

copies of the proposed collection of 

information by emailing infocollection@

acf.hhs.gov. Identify all emailed 

requests by the title of the information 

collection. 

SUPPLEMENTARY INFORMATION: 

Description: Section 2 of the Payment 

Integrity Information Act of 2019 (PIIA) 

requires Federal agencies to review their 

programs and activities to identify those 

that may be susceptible to significant 

improper payments, publish improper 

payment estimates for those programs 

and activities, and submit a report on 

actions taken to reduce improper 

payments. Subpart K of 45 CFR part 98 

(Child Care and Development Fund 

(CCDF)) requires States, the District of 

Columbia, and Puerto Rico to prepare 

and submit a report once every 3 years 

with data on the errors occurring in the 

administration of CCDF grant funds. 

The Child Care Improper Payments Data 

Collection Instructions (DCI) provides 

instructions and guidance to States to 

implement the CCDF error rate 

methodology. 

The Office of Child Care (OCC) is 

completing the sixth 3-year cycle of case 

record reviews to meet the requirements 

for reporting under PIIA. The current 

data collection forms and instructions 

expire on January 31, 2025. As part of 

the renewal process, OCC has revised 

the forms and instructions with minor 

changes that do not change the 

methodology, but that provide 

additional guidance and clarification to 

facilitate complete and accurate data 

submissions. Existing instructions and 

examples were updated, expanded, or 

rewritten to clarify the information 

requested. Several formatting changes 

were made to streamline instructions. 

The instructions and forms were also 

reviewed for alignment with the 2024 

CCDF Final Rule (89 FR 15366, March 

1, 2024). A description of changes made 

in each section can be found in the 

Introduction section of the revised DCI. 

OCC is particularly interested in 

feedback about updates made to the 

following sections: 

• Burden hours: OCC proposes to 

revise the estimated burden hours for 

the Sampling Decisions, Assurances, 

and Fieldwork Preparation Plan (SDAP), 

the ACF–403 Record Review Worksheet 

(RRW), the ACF–404 State Improper 

Payments Report, and the ACF–405 

State Improper Payments Report 

Corrective Action Plan (CAP). The 

current burden hours have not been 

revised for several years. OCC 

recognizes that many factors have 

changed since States first began error 

rate reviews, including increased use of 

technology by States to aid data 

collection and reporting efforts, greater 

organizational capacity to conduct 

ongoing error rate reviews, and OCC’s 

use of data reporting systems to reduce 

manual reporting burden on States. 

For this reason, OCC conducted a 

survey in the spring of 2024 to gather 

information about States’ experiences 

completing the error rate reports, 

including their estimated burden hours 

for each report. All CCDF Lead Agencies 

required to submit the error rate reports 

were invited to participate, and 56 

percent (29 out of 52 Lead Agencies) 

responded. Lead Agency respondents 

represented a geographically diverse 

group of States with a range in size as 


ddrumheller on DSK120RN23PROD with NOTICES1