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[Federal Register Volume 77, Number 39 (Tuesday, February 28, 2012)]
[Notices]
[Pages 12056-12057]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-4527]

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FEDERAL RESERVE SYSTEM

Agency Information Collection Activities: Announcement of Board 
Approval Under Delegated Authority and Submission to OMB

AGENCY: Board of Governors of the Federal Reserve System.
SUMMARY: Notice is hereby given of the final approval of proposed 
information collections 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 Paperwork Reduction Act Submission, 
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--Cynthia Ayouch--Division of Research and Statistics, Board of 
Governors of the Federal Reserve System, Washington, DC 20551 (202-452-
3829) Telecommunications Device for the Deaf (TDD) users may contact 
(202-263-4869), Board of Governors of the Federal Reserve System, 
Washington, DC 20551.
    OMB Desk Officer--Shagufta Ahmed--Office of Information and 
Regulatory Affairs, Office of Management and Budget, New Executive 
Office Building, Room 10235, 725 17th Street NW., Washington, DC 20503.

Final Approval under OMB Delegated Authority of the Extension for Three 
Years, without Revision, of the Following Reports

    1. Report title: Weekly Report of Selected Assets and Liabilities 
of Domestically Chartered Commercial Banks and U.S. Branches and 
Agencies of Foreign Banks.
    Agency form number: FR 2644.
    OMB control number: 7100-0075.
    Frequency: Weekly.
    Reporters: Domestically chartered commercial banks and U.S. 
branches and agencies of foreign banks.
    Estimated annual reporting hours: 120,575 hours.
    Estimated average hours per response: 2.65 hours.
    Number of respondents: 875.
    General description of report: The FR 2644 is authorized by section 
2A and 11(a)(2) of the Federal Reserve Act (12 U.S.C. 225(a) and 
248(a)(2)) and by section 7(c)(2) of the International Banking Act (12 
U.S.C. 3105(c)(2)) and is voluntary. Individual respondent data are 
regarded as confidential under the Freedom of Information Act (5 U.S.C. 
552(b)(4)).
    Abstract: The FR 2644 is the primary source of high-frequency data 
used in the analysis of current banking developments. The FR 2644 
collects sample data that are used to estimate universe levels using 
data from the quarterly commercial bank Consolidated Reports of 
Condition and Income (FFIEC 031 and 041; OMB No. 7100-0036) and the 
Report of Assets and Liabilities of U.S. Branches and Agencies of 
Foreign Banks (FFIEC 002; OMB No. 7100-0032) (Call Reports). Data from 
the FR 2644, together with data from other sources, are used to 
construct weekly estimates of bank credit, balance sheet data for the 
U.S. banking industry, sources and uses of banks' funds, and to analyze 
banking developments.
    Current Actions: On December 8, 2011 the Federal Reserve published 
a notice in the Federal Register (76 FR 76730) requesting public 
comment for 60 days on the extension, without revision, of the Weekly 
Report of Selected Assets and Liabilities of Domestically Chartered 
Commercial Banks and U.S. Branches and Agencies of Foreign Banks. The 
comment period for this notice expired on February 6, 2012. The Federal 
Reserve did not receive any comments. No changes are proposed to the FR 
2644; however, going forward, the Federal Reserve will modify the FR 
2644 instructions as needed to maintain consistency with any 
instructional revisions to the Call Reports that might occur during the 
three year extension period.
    2. Report title: Quarterly Report of Interest Rates on Selected 
Direct Consumer Installment Loans; Quarterly Report of Credit Card 
Plans \1\
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    \1\ This family of reports also contains the following voluntary 
reports, which have fewer than 10 respondents and do not require an 
OMB control number: Automobile Finance Terms (FR 2005) and the 
Passenger Auto Contract Collection Trends (FR 2012). The Federal 
Reserve will combine FR 2005 and the FR 2012 into one reporting 
form, the Automobile Finance Company Report (FR 2512) with no 
changes to the data items reported.
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    Agency form number: FR 2835; FR 2835a.
    OMB control number: 7100-0085.
    Frequency: Quarterly.
    Reporters: Commercial banks.
    Estimated annual reporting hours: FR 2835, 132 hours; FR 2835a: 100 
hours.
    Estimated average hours per response: FR 2835, .22 hours; FR 2835a: 
.50 hours.
    Number of respondents: FR 2835, 150; FR 2835a, 50.
    General description of report: These information collections are 
voluntary (12 U.S.C. 248(a)(2)). The FR 2835a individual respondent 
data are given confidential treatment (5 U.S.C. 552 (b)(4)). The FR 
2835 data, however, are not given confidential treatment.
    Abstract: The FR 2835 collects information from a sample of 
commercial banks on interest rates charged on loans for new vehicles 
and loans for other consumer goods and personal expenses. The data are 
used for the analysis of household financial conditions.
    The FR 2835a collects information on two measures of credit card 
interest rates from a sample of commercial banks with $1 billion or 
more in credit card receivables and a representative group of smaller 
issuers. The data are used to analyze the credit card market and draw 
implications for the household sector.
    Current Actions: On December 8, 2011 the Federal Reserve published 
a notice in the Federal Register (76 FR 76730) requesting public 
comment for 60 days on the extension, without revision, of the 
Quarterly Report of Interest Rates on Selected Direct Consumer 
Installment Loans (FR 2835) and the Quarterly Report of Credit Card 
Plans (FR 2835a). The comment period for this notice expired on 
February 6, 2012. The Federal Reserve did not receive any comments. No 
changes are proposed to the FR 2835 or FR 2835a.

Proposal To Approve under OMB Delegated Authority the Extension for 
Three Years, with Revision, of the Following Report

    1. Report title: Quarterly Report of Assets and Liabilities of 
Large Foreign Offices of U.S. Banks.
    Agency form number: FR 2502q.
    OMB control number: 7100-0079.
    Frequency: Quarterly.
    Reporters: Major foreign branches and banking subsidiaries of U.S. 
depository

[[Page 12057]]

institutions that are located in the Caribbean or the United Kingdom.
    Estimated annual reporting hours: 574 hours.
    Estimated average hours per response: 3.5 hours.
    Number of respondents: 41.
    General description of report: This information collection is 
required (12 U.S.C. 248(a)(2), 461, 602, and 625) and is given 
confidential treatment (5 U.S.C. 552(b)(4)).
    Abstract: The FR 2502q collects data quarterly on the geographic 
distribution of the assets and liabilities of major U.K. or Caribbean 
branches and subsidiaries of U.S. commercial banks, bank holding 
companies, including financial holding companies, and of banking Edge 
and agreement corporations. Data from this reporting form comprise a 
piece of the flow of funds data that are compiled by the Federal 
Reserve. FR 2502q data also helps the Federal Reserve understand the 
nature of activities of foreign offices of U.S. banks, particularly the 
scope of cross-border activity that is conducted by different foreign 
offices in the United Kingdom and the Caribbean.
    Current Actions: On December 8, 2011 the Federal Reserve published 
a notice in the Federal Register (76 FR 76730) requesting public 
comment for 60 days on the extension, with revision, of the Quarterly 
Report of Assets and Liabilities of Large Foreign Offices of U.S. 
Banks. The comment period for this notice expired on February 6, 2012. 
The Federal Reserve did not receive any comments. The revisions will be 
implemented as proposed.

    Board of Governors of the Federal Reserve System, February 22, 
2012.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 2012-4527 Filed 2-27-12; 8:45 am]
BILLING CODE 6210-01-P
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