89 FR 246 pgs. 104540-104541 - Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB

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Type: NOTICEVolume: 89Number: 246Pages: 104540 - 104541

FR document: [FR Doc. 2024-30588 Filed 12-20-24; 8:45 am]

Agency: Federal Reserve System

Official PDF Version: PDF Version

Pages: 104540, 104541

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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, without revision, the Basel II Interagency Pillar 2 Supervisory Guidance (FR 4199; OMB No. 7100-0320).

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:

[top] 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. Board-approved 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 4199.

Final Approval Under OMB Delegated Authority of the Extension for Three Years, Without Revision, of the Following Information Collection

Collection title: Basel II Interagency Pillar 2 Supervisory Guidance.

Collection identifier: FR 4199.

OMB control number: 7100-0320.

General description of collection: Advanced approaches banking organizations are required to use an internal ratings-based approach to calculate regulatory credit risk capital requirements and advanced measurement approaches to calculate regulatory operational risk capital requirements. Banking organizations are required to meet certain qualification requirements before they can use the advanced approaches framework for risk-based capital purposes. The Pillar 2 Guidance sets the expectation that such organizations maintain certain documentation as described in paragraphs 37, 41, 43, and 46 of this portion of the guidance.

Frequency: On occasion.

Respondents: State member banks and bank holding companies that use the advanced approaches framework.

Total estimated number of respondents: 15.

Total estimated annual burden hours: 6,300.

Current actions: On July 29, 2024, the Board published a notice in the Federal Register (89 FR 60895) requesting public comment for 60 days on the extension, without revision, of the FR 4199. The comment period for this notice expired on September 27, 2024. The Board did not receive any comments.

Board of Governors of the Federal Reserve System, December 18, 2024.

Benjamin W. McDonough,

Deputy Secretary and Ombuds of the Board.

[FR Doc. 2024-30588 Filed 12-20-24; 8:45 am]

BILLING CODE 6210-01-P