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, 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, 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. 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 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: 6/28/2024 8:45 am; Publication Date: 7/1/2024]