30=Day - FRN 2900-0178 (2020)

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Federal Register / Vol. 85, No. 100 / Friday, May 22, 2020 / Notices

Please explain relevant considerations
for these features.
3.9 In light of FRBNY’s data
contingency procedures for the
publication of SOFR,9 what contingency
measures should Treasury consider
incorporating into the terms of a SOFRindexed FRN if SOFR, or an average rate
based on SOFR, is temporarily
unavailable or revised?
4. Existing 13-Week T-Bill FRN
4.1 If Treasury decides to issue
SOFR-indexed FRNs, what, if any,
changes should Treasury make to the
existing 13-week T-bill FRN issuance
program?
4.2 Should Treasury issue FRNs
indexed to both indices, or should
Treasury consolidate FRN issuance on a
single index?
4.3 If there is not sufficient demand
for both Treasury FRNs to coexist,
which index would generate the greater
long-term demand and better meet
Treasury’s issuance objectives? Please
elaborate.
4.4 Should Treasury consider
issuing 13-week T-bill FRNs with a 1year final maturity? How should the
decision regarding issuance of Treasury
SOFR-indexed FRNs affect this
possibility?
5. Market Transition
5.1 What proportion of likely
investors is currently operationally
ready to purchase Treasury SOFRindexed FRNs? For those investors that
are not ready, what are the main
impediments? How much lead time and
investment would be required for
additional investors to become
operationally ready to purchase
Treasury SOFR-indexed FRNs? Would
any of the security structure choices
mentioned in Section 3 above affect the
operational readiness of likely
investors?
5.2 To what extent would Treasury’s
issuance of SOFR-indexed FRNs
9 For additional information, see FRBNY,
Additional information about the Treasury Repo
Reference Rates, available at https://
www.newyorkfed.org/markets/treasury-reporeference-rates-information.

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advance the overall market transition
away from U.S. dollar LIBOR? How
would different market segments (e.g.,
FRNs, derivatives, business loans,
consumer products) be affected by
Treasury’s decision to issue SOFRindexed FRNs? What effect would
Treasury’s issuance of SOFR-indexed
FRNs have on the overall market
transition away from LIBOR beyond that
caused by current issuance of SOFRindexed FRNs by other issuers? Please
provide specific details of the cause and
effect relationships you expect.
Brian Smith,
Deputy Assistant Secretary for Federal
Finance.
[FR Doc. 2020–11160 Filed 5–20–20; 4:15 pm]
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DEPARTMENT OF VETERANS
AFFAIRS
[OMB Control No. 2900–0178]

Agency Information Collection Activity
Under OMB Review: Monthly
Certification of On-the-Job and
Apprenticeship Training
Veterans Benefits
Administration, Department of Veterans
Affairs.
ACTION: Notice.
AGENCY:

In compliance with the
Paperwork Reduction Act (PRA) of
1995, this notice announces that the
Veterans Benefits Administration,
Department of Veterans Affairs, will
submit the collection of information
abstracted below to the Office of
Management and Budget (OMB) for
review and comment. The PRA
submission describes the nature of the
information collection and its expected
cost and burden and it includes the
actual data collection instrument.
DATES: Written comments and
recommendations for the proposed
information collection should be sent
within 30 days of publication of this
notice to www.reginfo.gov/public/do/
PRAMain. Find this particular
SUMMARY:

PO 00000

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information collection by selecting
‘‘Currently under 30-day Review—Open
for Public Comments’’ or by using the
search function. Refer to ‘‘OMB Control
No. 2900–0178.
FOR FURTHER INFORMATION CONTACT:

Danny S. Green at (202) 421–1354.
SUPPLEMENTARY INFORMATION:

Authority: 38 U.S.C. 3680(c).
Title: Monthly Certification of OnThe-Job Training, VA Form 22–6553d
and VA Form 22–6553d–1.
OMB Control Number: 2900–0178.
Type of Review: Revision of a
currently approved collection.
Abstract: Schools and training
establishments complete the form to
report whether the trainee’s number of
hours worked and/or to report the
trainee’s date of termination. VA Form
22–6553d–1 is an identical printed copy
of VA Form 22–6553d. VA Form 22–
6553d–1 is used when the computergenerated version of VA Form 22–6553d
is not available. VA uses the data
collected to process a trainee’s
educational benefit claim.
An agency may not conduct or
sponsor, and a person is not required to
respond to a collection of information
unless it displays a currently valid OMB
control number. The Federal Register
Notice with a 60-day comment period
soliciting comments on this collection
of information was published at 85 FR
39 on February 27, 2020, page 11454.
Affected Public: Private Sector.
Estimated Annual Burden: 5,693
hours.
Estimated Average Burden per
Respondent: 10 minutes.
Frequency of Response: On occasion
(9 responses per respondent annually).
Estimated Number of Respondents:
3,795 (34,155 responses).
By direction of the Secretary.
Danny S. Green,
VA PRA Clearance Officer, Office of Quality,
Performance and Risk, Department of
Veterans Affairs.
[FR Doc. 2020–11085 Filed 5–21–20; 8:45 am]
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