[Federal Register Volume 65, Number 112 (Friday, June 9, 2000)]
[Notices]
[Pages 36697-36698]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-14546]
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FEDERAL RESERVE SYSTEM
Agency Information Collection Activities: Announcement of Board
Approval Under Delegated Authority and Submission to OMB
SUMMARY:
Background
Notice is hereby given of the final approval of proposed
information collection(s) by the Board of Governors of the Federal
Reserve System (Board) under OMB delegated authority, as per 5 CFR
1320.16 (OMB Regulations on Controlling Paperwork Burdens on the
Public). 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 instrument(s) 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.
FOR FURTHER INFORMATION CONTACT: Federal Reserve Board Clearance
Officer--Mary M. West--Division of Research and Statistics, Board of
Governors of the Federal Reserve System, Washington, DC 20551 (202-452-
3829) OMB Desk Officer--Alexander T. Hunt--Office of Information and
Regulatory Affairs, Office of Management and Budget, New Executive
Office Building, Room 3208, Washington, DC 20503 (202-395-7860).
Final Approval Under OMB Delegated Authority of the Extension for
Three Years, Without Revision, of the Following Reports
1. Report title: Senior Loan Officer Opinion Survey on Bank Lending
Practices.
Agency form numbers: FR 2018.
OMB control number: 7100-0058.
Frequency: Up to six times per year.
Reporters: Large U.S. commercial banks and large U.S. branches and
agencies of foreign banks.
Annual reporting hours: 1,008 hours.
Estimated average hours per response: 2 hours.
Number of respondents: 84.
Small businesses are not affected.
General description of report: This information collection is
voluntary (12 U.S.C. Secs. 248 (a), 324, 335, 3101, 3102, and 3105) and
is given confidential treatment (5 U.S.C. Sec. 552 (b)(4)).
Abstract: The FR 2018 is conducted with a senior loan officer at
each respondent bank, generally by means of a telephone interview, up
to six times a year. The interview is administered by a Reserve Bank
officer having in-depth knowledge of bank lending practices. The
reporting panel consists of sixty large domestically chartered
commercial banks, distributed as evenly as possible across Federal
Reserve Districts, and twenty-four large U.S. branches and agencies of
foreign banks. The purpose of the survey is to provide primarily
qualitative information pertaining not only to current price and flow
developments but also to evolving techniques and practices in the U.S.
banking sector. A significant fraction of the questions in each survey
consists of unique questions on topics of timely interest. There is the
option to survey other types of respondents (such as other depository
institutions, bank holding companies, or corporations) should the need
arise. The FR 2018 survey provides crucial information for monitoring
and understanding the evolution of lending practices at banks and
developments in credit markets generally.
2. Report title: Senior Financial Officer Survey.
Agency form number: FR 2023.
OMB control number: 7100-0223.
Frequency: Up to four times per year.
Reporters: Commercial banks, other depository institutions,
corporations or large money-stock holders.
Annual reporting hours: 240 hours.
Estimated average hours per response: 1 hour.
Number of respondents: 60.
Small businesses are not affected.
General description of report: This information collection is
voluntary (12 U.S.C. Secs. 225a, 248(a), and 263); confidentiality will
be determined on a case-by-case basis.
Abstract: The FR 2023 requests qualitative and limited quantitative
information about liability management and the provision of financial
services from a selection of sixty large commercial banks or, if
appropriate, from other depository institutions or corporations.
Responses are obtained from a senior officer at each participating
institution through a telephone interview conducted by Reserve Bank or
Board staff. The survey is conducted when major informational needs
arise and cannot be met from existing data sources. The survey does not
have a fixed set of questions; each survey consists of a limited number
of questions directed at topics of timely interest.
3. Report title: Consolidated Report of Condition and Income for
Edge and Agreement Corporations.
Agency form number: FR 2886b.
OMB control number: 7100-0086.
Frequency: Quarterly.
Reporters: Edge and agreement corporations.
Annual reporting hours: 3,566 hours.
Estimated average hours per response: 14.7 hours, banking
corporations; 8.5 hours, investment corporations.
Number of respondents: 30 banking corporations; 53 investment
corporations.
Small businesses are not affected.
General description of report: This information collection is
mandatory (12 U.S.C. 602 and 625) and is given confidential treatment
(5 U.S.C. 552(b)(4)).
Abstract: This report collects a balance sheet, income statement,
and ten supporting schedules from banking Edge corporations and
investment (nonbanking) Edge corporations. Information collected on the
FR 2886b is used by the Federal Reserve to supervise Edge corporations,
identify present and potential problems, and monitor and develop a
better understanding of activities within the industry.
The Federal Reserve has made several clarifying updates to the
reporting instructions to reflect the implementation of FASB Statement
No. 133, ``Accounting for Derivative Instruments and Hedging
Activities,'' to address the reporting of inactive corporations, and
has clarified the reporting of certain International Banking Facility
transactions.
Proposal To Approve Under OMB Delegated Authority the Extension for
Three Years, With Revision, of the Following Report
1. Report title: Report of Repurchase Agreements (RPs) on U.S.
Government and Federal Agency Securities with Specified Holders.
Agency form number: FR 2415.
OMB control number: 7100-0074.
Frequency: weekly, quarterly, or annually.
[[Page 36698]]
Reporters: U.S.-chartered commercial banks, U.S. branches and
agencies of foreign banks, and thrift institutions.
Annual reporting hours: 2,754 hours.
Estimated average hours per response: 30 minutes.
Number of respondents: 84 weekly, 153 quarterly, and 528 annually.
Small businesses are not affected.
General description of report: This information collection is
voluntary (12 U.S.C. 248(a)(2) and 3105(b)) and is given confidential
treatment (5 U.S.C. 552(b)(4)).
Abstract: This report collects one data item--repurchase agreements
(RPs) in denominations of $100,000 or more, in immediately-available
funds, on U.S. government and federal agency securities, transacted
with specified holders. It is filed by three reporting panels of
depository institutions with different reporting frequencies (weekly,
quarterly, and annual). The weekly panel reports daily data once each
week. The quarterly panel files daily data for four one-week reporting
periods that contain quarter-end dates. The annual panel reports daily
data only for the week encompassing June 30 each year. Data from the FR
2415 supply information necessary for construction of the M3 monetary
aggregate.
Current Actions: The Federal Reserve has made two changes to this
report: (1) Raised the thresholds for re-screening existing respondents
on two of the three reporting panels (weekly and quarterly) and (2)
adjusted the cutoff for screening thrift institutions that do not file
the FR 2415 to accommodate a definition change on the report of
condition for thrift institutions. The Federal Reserve estimates the
revision will decrease the annual reporting burden by 314 hours and
annual respondent costs by approximately $6,280.
Board of Governors of the Federal Reserve System, June 5, 2000.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 00-14546 Filed 6-8-00; 8:45 am]
BILLING CODE 6210-01-P