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
9036 Federal Register / Vol. 90, No. 23 / Wednesday, February 5, 2025 / Notices 

defined by the numbers of children and 

families served by CCDF. There were 

expected variations in responses which 

may reflect differences in States’ 

administrative structures and 

complexity, staff capacity, reporting 

technology, interpretation of the survey 

questions, and other factors. However, 

even considering the range of responses 

and any outliers, OCC determined that 

the burden hours estimates should be 

lowered to reflect the survey results. In 

addition, to more accurately account for 

the work described by survey 

respondents, OCC further broke out the 

estimated burden hours for the RRW 

into the following two parts: (1) the 

estimated hours needed for States to 

customize the standard RRW template 

to reflect their State’s rules, policies, 

and procedures; and (2) the estimated 

hours needed for States to use the 

customized RRW to conduct each of the 

276 case reviews. 

• Root Causes of Error: OCC proposes 

to standardize the root causes of error in 

Item 19 of the ACF–404 State Improper 

Payment Report by creating a dropdown list of error cause choices. 

Currently, Lead Agencies enter free text 

to describe the causes of errors in their 

Federal error rate reviews. While this 

approach allows flexibility at the 

individual reporting level, inconsistent 

terminology and descriptions across 

States and reporting cycles makes it 

difficult to analyze, report, and track 

national and State-level error trends 

over time. Further, the current approach 

can add additional burden to States 

during the report review and approval 

process because clarifications about 

error cause descriptions are often 

requested by Federal reviewers. We 

request comment on whether 

standardizing error causes in Item 19 

would benefit Lead Agencies in their 

data analysis, ease of report preparation, 

and tracking of error trends over time. 

We also request comments on whether 

the proposed list of standardized error 

causes would meet Lead Agency 

reporting needs, and if not, what 

additional or different error causes 

should be included. 

Respondents: CCDF grantees from 

states, the District of Columbia, and 

Puerto Rico. 

Annual Burden Estimates: Burden 

estimates are shown based on the total 

burden over a 3-year period divided by 

three to show average annual burden 

estimates. 

Instrument Total number 

of respondents 

Total 

number of 

responses per 

respondent 

Average 

burden hours 

per response 

Total burden 

hours 

Annual burden 

hours 

Sampling Decisions, Assurances, and Fieldwork Preparation Plan ........................................................................... 52 1 35 1,820 607 

ACF–403 Record Review Worksheet: template .................. 52 1 63 3,276 1,092 

ACF–403 Record Review Worksheet: case record reviews 52 276 3.0 43,056 14,352 

ACF–404 State Improper Payments Report ........................ 52 1 66 3,432 1,144 

ACF–405 State Improper Payments Report Corrective Action Plan ........................................................................... 6 a 2 24 288 96 

Estimated Total Annual Burden Hours ......................... ........................ ........................ ........................ ........................ 17,291 

aThe total number of responses per respondent over a 3-year period ranges from 1–3, depending on how long it takes respondents to reduce 

the Improper Payment Rate to below the threshold. Respondents submit a Corrective Action Plan that covers a 1-year period; at the end of each 

year, if respondents have not reduced the Improper Payment Rate to below the threshold, they submit a new Corrective Action Plan for the following year. An average of two responses per respondent over 3 years is used to calculate annual burden estimates. 

Authority: 45 CFR part 98, subpart K. 

Mary C. Jones, 

ACF/OPRE Certifying Officer. 

[FR Doc. 2025–02240 Filed 1–31–25; 4:15 pm] 

BILLING CODE 4184–87–P 

DEPARTMENT OF HOMELAND 

SECURITY 

U.S. Customs and Border Protection 

Quarterly Internal Revenue Service 

Interest Rates Used in Calculating 

Interest on Overdue Accounts and 

Refunds of Customs Duties 

AGENCY: U.S. Customs and Border 

Protection, Department of Homeland 

Security. 

ACTION: General notice. 

SUMMARY: This notice advises the public 

that the quarterly Internal Revenue 

Service interest rates used to calculate 

interest on overdue accounts 

(underpayments) and refunds 

(overpayments) of customs duties will 

decrease from the previous quarter. For 

the calendar quarter beginning January 

1, 2025, the interest rates for 

underpayments will be 7 percent for 

both corporations and non-corporations. 

The interest rate for overpayments will 

be 7 percent for non-corporations and 6 

percent for corporations. This notice is 

published for the convenience of the 

importing public and U.S. Customs and 

Border Protection personnel. 

DATES: The rates announced in this 

notice are applicable as of January 1, 

2025. 

FOR FURTHER INFORMATION CONTACT: 

Bruce Ingalls, Revenue Division, 

Collection Refunds & Analysis Branch, 

8899 E 56th Street, Mail Stop 203J, 

Indianapolis, IN 46249; telephone (317) 

298–1107. 

SUPPLEMENTARY INFORMATION: 

Background 

Pursuant to 19 U.S.C. 1505 and 

Treasury Decision 85–93, published in 

the Federal Register on May 29, 1985 

(50 FR 21832), the interest rate paid on 

applicable overpayments or 

underpayments of customs duties must 

be in accordance with the Internal 

Revenue Code rate established under 26 

U.S.C. 6621 and 6622. Section 6621 

provides different interest rates 

applicable to overpayments: one for 

corporations and one for noncorporations. 

The interest rates are based on the 

Federal short-term rate and determined 

by the Internal Revenue Service (IRS) on 

behalf of the Secretary of the Treasury 

on a quarterly basis. The rates effective 

for a quarter are determined during the 

first-month period of the previous 

quarter. 

In Revenue Ruling 2024–25, the IRS 

determined the rates of interest for the 

calendar quarter beginning January 1, 

2025, and ending on March 31, 2025. 

The interest rate paid to the Treasury for 

underpayments will be the Federal 

short-term rate (4%) plus three 

percentage points (3%) for a total of 

seven percent (7%) for both 

corporations and non-corporations. For 

overpayments made by noncorporations, the rate is the Federal 

short-term rate (4%) plus three 


ddrumheller on DSK120RN23PROD with NOTICES1