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###### Federal Reserve System

# AGENCY:

 Board  of Governors  of  the  Federal  Reserve System

# SUMMARY:

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  collections,  which are being handled under this  delegated authority, have received initial  Board  approval  and  are hereby  published  for  comment.   At  the  end  of the comment period, the proposed information collections, 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 collections of information are 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 collections, 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   collections   on respondents,  including  through the use of automated collection techniques or other forms of information technology.

# DATES:

 Comments  must  be  submitted  on  or  before February 7, 2005.

# ADDRESSES:

 You  may  submit comments, identified by FR G-1, FR G-2, FR G-3, FR G-4,  FR  T-4, and FR U-1, by any of the following methods:
      - Agency Web Site: http://www.federalreserve.gov .    Follow the       instructions       for       submitting        comments        at  http://www.federalreserve.gov/​generalinfo/​foia/​ProposedRegs.cfm .
      - Federal eRulemaking Portal: http://www.regulations.gov . Follow the instructions for submitting comments.
      - E-mail: regs.comments@federalreserve.gov . Include docket number in the subject line of the message.
      - FAX: 202/452-3819 or 202/452-3102.
      - Mail: Jennifer J. Johnson, Secretary, Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue, N.W., Washington, DC 20551.

All  public  comments  are  available  from  the  Board's  web  site  at www.federalreserve.gov/​generalinfo/​foia/​ProposedRegs.cfm    as   submitted, except as necessary for technical reasons.  Accordingly, your comments will not  be  edited  to remove any identifying or contact information.   Public comments may also be viewed electronically or in paper in Room MP-500 of the Board's Martin Building (20th and C Streets, N.W.) between 9:00 a.m. and 5:00 p.m. on weekdays.

# 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.

Cindy     Ayouch,    Federal    Reserve    Board    Clearance    Officer (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 (202-263-4869),  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 reports:

*Report  titles:*                     Registration Statement for Persons  Who Extend  Credit  Secured by Margin Stock  (Other  Than  Banks,  Brokers,  or Dealers); Deregistration  Statement  for  Persons  Registered  Pursuant  to Regulation  U;  Statement  of Purpose for an Extension of Credit Secured by Margin Stock by a Person Subject to Registration Under Regulation U; Annual Report; Statement of Purpose  for an Extension of Credit by a Creditor; and Statement of Purpose for an Extension of Credit Secured by Margin Stock                

*Agency form numbers:*                     FR  G-1,  FR  G-2,  FR G-3, FR G-4, FR T-4, FR U-1                

*OMB  control  numbers:*                     7100-0011: FR G-1, FR G-2, FR G-4; 7100-0018: FR G-3; 7100-0019: FR T-4; and 7100-0115: FR U-1                

*Frequency:*                     FR G-1,  FR  G-2, FR G-3, FR T-4, and FR U-1:  on occasion; FR G-4: annual                

*Reporters:*                     Individuals and business                

*Annual   reporting  hours:*                     1,506  reporting;   155,147 recordkeeping                

*Estimated average  hours  per response:*                     FR G-1: 2.5 hours; FR G-2: 15 minutes; FR G-3:  10  minutes;  FR G-4: 2.0 hours; FR T-4: 10 minutes; and FR U-1: 10 minutes                

*Number  of  respondents:*                     FR G-1: 39; FR G-2: 103; FR G-3: 278; FR  G-4:  691;  FR  T-4:  138;  and  FR U-1: 4,278                

*General   description   of  report:*                     These  information collections   are   mandatory  (15  U.S.C.  §§ 78g).    The information in the FR  G-1  and  FR  G-4  is given confidential treatment    under    the    Freedom   of   Information   Act   (5   U.S.C. §§ 552(b)(4)).    The   FR   G-2   does  not  contain confidential information.  The FR G-3, FR T-4, and FR U-1 are  not  submitted  to  the  Federal  Reserve  and, as such, no  issue  of confidentiality arises.                

*Abstract:*                     The Securities Exchange  Act  of  1934 ('34 Act) authorizes the Board to regulate securities credit issued by banks, brokers and  dealers, and other lenders.  The purpose statements, FR U-1,  FR T-4,  and  FR  G-3,  are  recordkeeping requirements for banks, brokers  and  dealers, and other lenders,  respectively,  to  document  the purpose of their  loans  secured  by margin stock.  Other lenders also must register and deregister with the Federal Reserve using the FR G-1 and FR G-2, respectively, and must  file an annual report (FR G-4). The Federal Reserve uses the data to identify lenders subject to Regulation U, to verify compliance with Regulations T, U, and X, and to monitor margin credit.                

      ( print page 71414)    
Board  of  Governors of the Federal  Reserve  System,  December  3, 2004.

Jennifer J. Johnson,

Secretary of the Board.

[FR Doc.  04-27010 Filed 12-8-04; 8:45 am] 

BILLING CODE:  6210-01-S