[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