[Federal Register Volume 64, Number 208 (Thursday, October 28, 1999)]
[Notices]
[Page 58065]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-28119]
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FEDERAL RESERVE SYSTEM
Agency Information Collection Activities: Proposed Collection;
Comment Request
AGENCY: Board of Governors of the Federal Reserve System
SUMMARY
Background.
On June 15, 1984, the Office of Management and Budget (OMB)
delegated to the Board of Governors of the Federal Reserve System
(Board) its approval authority under the Paperwork Reduction Act, as
per 5 CFR 1320.16, to approve of and assign OMB control numbers to
collection of information requests and requirements conducted or
sponsored by the Board under conditions set forth in 5 CFR 1320
Appendix A.1. Board-approved collections of information are
incorporated into the official OMB inventory of currently approved
collections of information. Copies of the OMB 83-Is and supporting
statements and approved collection of information instruments are
placed into OMB's public docket files. The Federal Reserve may not
conduct or sponsor, and the respondent is not required to respond to,
an information collection that has been extended, revised, or
implemented on or after October 1, 1995, unless it displays a currently
valid OMB control number.
Request for comment on information collection proposal.
The following information collection, which is being handled under
this delegated authority, has received initial Board approval and is
hereby published for comment. At the end of the comment period, the
proposed information collection, along with an analysis of comments and
recommendations received, will be submitted to the Board for final
approval under OMB delegated authority. Comments are invited on the
following:
a. whether the proposed collection of information is necessary for
the proper performance of the Federal Reserve's functions; including
whether the information has practical utility;
b. the accuracy of the Federal Reserve's estimate of the burden of
the proposed information collection, including the validity of the
methodology and assumptions used;
c. ways to enhance the quality, utility, and clarity of the
information to be collected; and
d. ways to minimize the burden of information collection on
respondents, including through the use of automated collection
techniques or other forms of information technology.
DATE: Comments must be submitted on or before December 27, 1999.
ADDRESSES: Comments, which should refer to the OMB control number or
agency form number, should be addressed to Jennifer J. Johnson,
Secretary, Board of Governors of the Federal Reserve System, 20th and C
Streets, N.W., Washington, DC 20551, or delivered to the Board's mail
room between 8:45 a.m. and 5:15 p.m., and to the security control room
outside of those hours. Both the mail room and the security control
room are accessible from the courtyard entrance on 20th Street between
Constitution Avenue and C Street, N.W. Comments received may be
inspected in room M-P-500 between 9:00 a.m. and 5:00 p.m., except as
provided in section 261.14 of the Board's Rules Regarding Availability
of Information, 12 CFR 261.14(a).
A copy of the comments may also be submitted to the OMB desk
officer for the Board: Alexander T. Hunt, Office of Information and
Regulatory Affairs, Office of Management and Budget, New Executive
Office Building, Room 3208, Washington, DC 20503.
FOR FURTHER INFORMATION CONTACT: A copy of the proposed form and
instructions, the Paperwork Reduction Act Submission (OMB 83-I),
supporting statement, and other documents that will be placed into
OMB's public docket files once approved may be requested from the
agency clearance officer, whose name appears below.
Mary M. West, Chief, Financial Reports Section (202-452-3829),
Division of Research and Statistics, Board of Governors of the Federal
Reserve System, Washington, DC 20551. Telecommunications Device for the
Deaf (TDD) users may contact Diane Jenkins (202-452-3544), Board of
Governors of the Federal Reserve System, Washington, DC 20551.
Proposal to approve under OMB delegated authority the extension for
three years, without revision, of the following report:
1. Report title: Survey of Terms of Bank Lending
Agency form number: FR 2028A, FR 2028B, and FR 2028S.
OMB control number: 7100-0061.
Frequency: Quarterly.
Reporters: commercial banks (all three reports) and U.S. branches
and agencies of foreign banks (FR 2028A and FR 2028S).
Annual reporting hours: 8,095.
Estimated average hours per response: FR 2028A: 4.0; FR 2028B: 1.5;
and FR 2028S: 0.1.
Number of respondents: FR 2028A: 398; FR 2028B: 250; and FR 2028S:
567.
Small businesses are affected.
This information collection is voluntary (12 U.S.C. Sec.
248(a)(2)) and is given confidential treatment (5 U.S.C. Sec.
552(b)(4)).
Abstract: The Survey of Terms of Bank Lending provides unique
information concerning the price and certain nonprice terms of loans
made to businesses and farmers by commercial banks. The reports are
completed for the first full business week of the mid-month of each
quarter (February, May, August, and November). The FR 2028A and B
collect detailed data on individual loans made during the survey week.
The FR 2028S collects the prime interest rate for each day of the
survey. From these sample STBL data, estimates of the terms of business
and farm loans extended during the reporting week at all insured U.S.
commercial banks are constructed. The estimates for business loans are
published in the quarterly E.2 release, ``Survey of Terms of Bank
Lending,'' while estimates for farm loans are published in the
quarterly E.15 release, ``Agricultural Finance Databook.''
Board of Governors of the Federal Reserve System, October 22,
1999.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 99-28119 Filed 10-27-99; 8:45am]
Billing Code 6210-01-F