[Federal Register Volume 89, Number 146 (Tuesday, July 30, 2024)]
[Notices]
[Pages 61118-61119]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-16675]


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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 
Recordkeeping Requirements Associated with Regulation GG (FR GG; OMB 
No. 7100-0317).

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 GG.

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 GG.
    Collection identifier: FR GG.

[[Page 61119]]

    OMB control number: 7100-0317.
    General description of collection: Regulation GG--Prohibition on 
Funding of Unlawful internet Gambling (12 CFR part 233) is related to 
the Unlawful internet Gambling Enforcement Act of 2006. The FR GG is 
the Board's information collection associated with Regulation GG and 
requires participants in designated payment systems to establish 
written policies and procedures related to unlawful internet gambling. 
These recordkeeping requirements are contained in section 5 of 
Regulation GG. Policies and procedures reasonably designed to identify 
and block, or otherwise prevent or prohibit, restricted transactions 
are necessary because Congress found that internet gambling is 
primarily funded through personal use of payment system instruments, 
credit cards, and wire transfers.
    Frequency: Event-generated.
    Respondents: Depository institutions, card system operators, credit 
unions, and money transmitting business operators.
    Total estimated number of respondents: 4,635.
    Total estimated annual burden hours: 46,410.
    Current actions: On March 7, 2024, the Board published a notice in 
the Federal Register (89 FR 16572) requesting public comment for 60 
days on the extension, without revision, of the FR GG. The comment 
period for this notice expired on May 6, 2024. The Board did not 
receive any comments.

    Board of Governors of the Federal Reserve System, July 24, 2024.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2024-16675 Filed 7-29-24; 8:45 am]
BILLING CODE 6210-01-P