[Federal Register Volume 89, Number 126 (Monday, July 1, 2024)]
[Notices]
[Pages 54464-54465]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-14364]


-----------------------------------------------------------------------

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 
Recordkeeping Requirements Associated with Regulation F (FR F; OMB No. 
7100-0331).

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

[[Page 54465]]

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 F.

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

    Collection title: Recordkeeping Requirements Associated with 
Regulation F.
    Collection identifier: FR F.
    OMB control number: 7100-0331.
    General description of collection: The Board's Regulation F--
Limitations on Interbank Liabilities (12 CFR part 206) establishes 
limits on depository institutions' credit exposure to individual 
correspondents in order to mitigate the risk that the failure of a 
correspondent would pose to an insured depository institution. Section 
206.3 of Regulation F requires insured depository institutions to 
establish and maintain policies and procedures designed to prevent 
excessive exposure to correspondents.
    Frequency: This information collection contains recordkeeping 
requirements. The creation of written policies and procedures 
concerning interbank liabilities is a mandatory one-time requirement. 
Subsequent changes to these policies and procedures would be on 
occasion, and they must be reviewed and approved by the depository 
institution's board of directors at least annually. The policies and 
procedures must be maintained, as amended.
    Respondents: All depository institutions insured by the Federal 
Deposit Insurance Corporation (FDIC). The Board takes burden under the 
PRA with respect to all such entities.
    Total estimated number of respondents: 4,655.
    Total estimated annual burden hours: 4,753.
    Current actions: On February 16, 2024 the Board published a notice 
in the Federal Register (89 FR 12344) requesting public comment for 60 
days on the extension, without revision, of the FR F. The comment 
period for this notice expired on April 16, 2024. The Board did not 
receive any comments.

    Board of Governors of the Federal Reserve System, June 25, 2024.
Benjamin W. McDonough,
Deputy Secretary and Ombuds of the Board.
[FR Doc. 2024-14364 Filed 6-28-24; 8:45 am]
BILLING CODE 6210-01-P