[Federal Register Volume 89, Number 111 (Friday, June 7, 2024)]
[Notices]
[Pages 48643-48644]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-12497]


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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, with revision, the 
Government Securities Dealers Reports (FR 2004; OMB No. 7100-0003).

DATES: The revisions are effective July 3, 2024.

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, [email protected], (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. 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/home/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 
2004.

Final Approval Under OMB Delegated Authority of the Extension for Three 
Years, With Revision, of the Following Information Collection

    Collection title: Government Securities Dealers Reports.
    Collection identifier: FR 2004.
    OMB control number: 7100-0003.
    General description of collection: This information collection is 
comprised of the:
     Weekly Report of Dealer Positions (FR 2004A),
     Weekly Report of Cumulative Dealer Transactions (FR 
2004B),
     Weekly Report of Dealer Financing and Fails (FR 2004C),
     Weekly Report of Specific Issues (FR 2004SI),
     Daily Report of Specific Issues (FR 2004SD),
     Supplement to the Daily Report of Specific Issues (FR 
2004SD ad hoc),
     Daily Report of Dealer Activity in Treasury Financing (FR 
2004WI),
     Settlement Cycle Report of Dealer Fails and Transaction 
Volumes: Class A (FR 2004FA),
     Settlement Cycle Report of Dealer Fails and Transaction 
Volumes: Class B (FR 2004FB),

[[Page 48644]]

     Settlement Cycle Report of Dealer Fails and Transaction 
Volumes: Class C (FR 2004FC), and
     Settlement Cycle Report of Dealer Fails and Transaction 
Volumes (FR 2004FM).
    The Federal Reserve Bank of New York, on behalf of the Federal 
Reserve System, collects data from primary dealers in the U.S. 
Government securities market. Filing of these data is required to 
obtain the benefit of primary dealer status. The Federal Reserve uses 
these data to (1) monitor the condition of the U.S. Government 
securities market in its Treasury market surveillance and analysis of 
the market and (2) assist and support the U.S. Department of the 
Treasury (Treasury) in its role as fiscal agent for Treasury financing 
operations. In addition, these data are used in the analysis of broad 
financial conditions and a range of financial stability issues.
    Frequency: Weekly, monthly, daily, and event-generated.
    Respondents: Primary Government security dealers.
    Total estimated number of respondents: 24.
    Total estimated change in burden: 1,310.
    Total estimated annual burden hours: 35,189.
    Current actions: On January 29, 2024, the Board published a notice 
in the Federal Register (89 FR 5539) requesting public comment for 60 
days on the extension, with revision, of the FR 2004. Since the last 
clearance, a new type of repo financing called ``sponsored general 
collateral repo'' has gained significant popularity among clients of 
primary dealers. Such type of financing is not separately listed in the 
current FR 2004C. To improve our ability to track the usage of this 
product by primary dealers, the Board proposed to revise the FR 2004C 
for each asset category by adding three columns to separately capture 
sponsored general collateral Triparty Repo financing by maturity 
tenors. The comment period for this notice expired on March 29, 2024. 
The Board received one comment from a financial services group. The 
commenter stated that the proposed June 5, 2024, implementation date 
conflicted with the T-1 go live and competed with limited IT resources. 
After consideration, the Board will extend the implementation date to 
July 3, 2024. Aside from the change discussed above, the Board adopted 
the extension, with revision, of the FR 2004 as originally proposed.

    Board of Governors of the Federal Reserve System, June 4, 2024.
Benjamin W. McDonough,
Deputy Secretary and Ombuds of the Board.
[FR Doc. 2024-12497 Filed 6-6-24; 8:45 am]
BILLING CODE 6210-01-P