Federal Register / Vol. 90, No. 23 / Wednesday, February 5, 2025 / Notices 9033 

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 TT. 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; 

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 

Requirements Associated with 

Regulation TT. 

Collection identifier: FR TT. 

OMB control No.: 7100–0369. 

General description of collection: The 

Board’s Regulation TT—Supervision 

and Regulation Assessments of Fees (12 

CFR part 246) implements the second 

section 11(s) of the Federal Reserve Act, 

which directs the Board to collect 

assessments, fees, or other charges from 

bank holding companies and savings 

and loan holding companies that meet 

a size threshold and from all nonbank 

financial companies designated for 

Board supervision by the Financial 

Stability Oversight Council (FSOC) in 

an amount equal to the total expenses 

the Board estimates are necessary or 

appropriate to carry out its supervisory 

and regulatory responsibilities with 

respect to such companies. Pursuant to 

Regulation TT, the Board issues an 

annual notice of assessment to each 

assessed company. Assessed companies 

may file a written appeal with the Board 

regarding the assessment. Each assessed 

company has thirty calendar days from 

June 30 or, if issued later than June 30, 

thirty calendar days from the date of 

issuance for that assessment period, to 

submit an emailed statement to appeal 

the Board’s determination (1) that the 

company is an assessed company or (2) 

of the company’s total assessable assets. 

Frequency: Event-generated. 

Respondents: Bank holding 

companies and savings and loan 

holding companies that meet a size 

threshold of $100 billion or more in 

total consolidated assets and all 

nonbank financial companies 

designated for Board supervision by the 

FSOC. 

Total estimated number of 

respondents: 3. 

Total estimated annual burden hours: 

30. 

Board of Governors of the Federal Reserve 

System, January 31, 2025. 

Benjamin W. McDonough, 

Deputy Secretary and Ombuds of the Board. 

[FR Doc. 2025–02259 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 Report of 

Selected Money Market Rates (FR 2420; 

OMB No. 7100–0357). 

DATES: The revisions are effective 

February 9, 2026. 

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 2420. 

Final Approval Under OMB Delegated 

Authority of the Extension for Three 

Years, With Revision, of the Following 

Information Collection 

Collection title: Report of Selected 

Money Market Rates. 


ddrumheller on DSK120RN23PROD with NOTICES1
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