[Federal Register Volume 60, Number 34 (Tuesday, February 21, 1995)]
[Notices]
[Pages 9688-9689]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-4136]



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FEDERAL RESERVE SYSTEM

Agency Forms Under Review

Background

    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 C.F.R. 
1320.9 (OMB Regulations on Controlling Paperwork Burdens on the 
Public).
FOR FURTHER INFORMATION CONTACT:
Federal Reserve Board Clearance Officer--Mary M. McLaughlin--Division 
of Research and Statistics, Board of Governors of the Federal Reserve 
System, Washington, D.C. 20551 (202-52-829)
OMB Desk Officer--Milo Sunderhauf--Office of Information and Regulatory 
Affairs, Office of Management and Budget, New Executive Office 
Building, Room 3208, Washington, D.C. 20503 (202-95-340)
    Final approval under OMB delegated authority of the extension, with 
revisions, of the following reports:
    1. Report title: Annual Survey of Eligible Bankers Acceptances.
Agency form number: FR 2006.
OMB Docket number: 7100-055.
Frequency: Annual.
Reporters: U.S. commercial banks, U.S. branches and agencies of foreign 
banks and Edge and agreement corporations.
Annual reporting hours: 65.
Estimated average hours per response: 0.65.
Number of respondents: 101.
Small businesses are not affected.
    General description of report: This information collection is 
voluntary [12 U.S.C. Secs.  248(a), 625, and 3105(b)] and is 
confidential [5 U.S.C. Sec.  552(b)(4)].
    This report provides detailed information on eligible U.S. dollar 
acceptances that are payable in the United States. The data are used 
for constructing the monetary aggregates and a measure of short-and 
intermediate-term business credit.
    Abstract: The Federal Reserve reduced the reporting frequency from 
once a month to once a year, and eliminated nine of the thirteen items 
on the report. The panel selection criterion for future panel additions 
will change from the 100 most active issuers to those whose acceptances 
outstanding exceed $50 million on their quarterly condition reports. 
These revisions reduce the annual reporting burden for this report by 
97 percent.
    2. Report title: Notice by Financial Institutions of, and 
Termination of, Activities as a Government Securities Broker or 
Government Securities Dealer.
Agency form number: FR G-FIN and FR G-FINW.
OMB Docket number: 7100-224.
Frequency: On occasion.
Reporters: State member banks, foreign banks, state-chartered branches 
and agencies of foreign banks, and commercial lending companies owned 
or controlled by foreign banks.
Annual reporting hours: 37.
Estimated average hours per response: 1.
Number of respondents: 37.
Small businesses are affected.
    General description of report: This information collection is 
mandatory [15 U.S.C. Sec. 78o-5(a)(1)(B)(ii)] and is not given 
confidential treatment.
    Abstract: Each financial institution that acts as a government 
securities broker or dealer is required to notify its appropriate 
federal regulatory agency of its broker-dealer activities by filing an 
FR G-FIN, unless exempted from the notice requirement by Treasury 
Department regulation. Financial institutions that have previously 
filed an FR G-FIN and that have terminated their broker-dealer 
activities must notify their appropriate federal regulatory agency by 
filing an FR G-FINW. The revisions involve clarifying the instructions 
as to the appropriate regulatory authority for various categories of 
government securities brokers and dealers to reflect the Government 
Securities Act Amendments of 1993.
    3. Report title: Uniform Application for Municipal Securities 
Principal or Municipal Securities Representative Associated with a Bank 
Municipal Securities Dealer; Uniform Termination Notice for Municipal 
Securities Principal or Municipal Securities Representative Associated 
with a Bank Municipal Securities Dealer.
Agency form number: FR MSD-, MSD-.
OMB Docket number: 7100-100, 7100-101.
Frequency: On occasion.
Reporters: State member banks who engage in activities as municipal 
securities dealers, and persons who are or seek to be associated with 
such dealers as municipal securities principals or representatives.
Annual reporting hours: 303, 33.
Estimated average hours per response: 2.75, 0.25.
Number of respondents: 110, 133.
Small businesses are not affected.
    General description of report: This information collection is 
mandatory [15 U.S.C. Secs. 78o-4(b)(2)(A) and 78o-4(c)(5)] and is given 
confidential treatment [5 U.S.C. Sec. 552(b)(6)].
    Abstract: The filing of this application is required of a Municipal 
Securities Dealer Bank (MSD) and a person associated with a MSD, prior 
to such person functioning in a professional capacity. This application 
serves to verify compliance with the rules of the Municipal Securities 
Rulemaking Board and with related securities and banking laws. It is 
also used as a source document for entry into an interagency computer 
system of records. The MSD- notice must be filed within 30 days after a 
person associated in a professional capacity with a bank municipal 
securities dealer terminates employment. The notice is a compliance 
vehicle for rules of the Municipal Securities Rulemaking Board and for 
related securities and banking laws. It is also a source document for 
updating information on an interagency computer system of records. The 
proposed revisions involve changing the phrasing of one item on the FR 
MSD-.
    4. Report title: Uniform Form for Registration as a Transfer Agent 
and for Amendment to Registration.
Agency form number: FR TA-.
OMB Docket number: 7100-099.
Frequency: On occasion.
Reporters: State member banks, bank holding companies, and nondeposit 
trust company subsidiaries of bank holding companies.
Annual reporting hours: 19.
Estimated average hours per response: 0.53.
Number of respondents: 36. [[Page 9689]] 
Significant effect on small businesses is not expected.
    General description of report: This information collection is 
mandatory [Section 17A(c) of the Securities Exchange Act of 1934; and 
12 CFR 208.8(f)(2)] and is not given confidential treatment.
    Abstract: This interagency form fulfills the statutory registration 
requirements for entities acting as transfer agents and enables certain 
basic information changes concerning the transfer agents to become 
known by the supervisory agencies. Minor changes to the form are 
proposed to clarify the reporting of information relative to the 
location(s) where transfer agent activities are conducted and relative 
to those instances where transfer agents contract to either perform 
transfer activities for others or have transfer activities performed 
for themselves.
    Final approval under OMB delegated authority of the extension, 
without revision, of the following report:
    1. Report title: Notice Claiming Status as an Exempt Transfer 
Agent.
Agency form number: FR 4013.
OMB Docket number: 7100-137.
Frequency: On occasion.
Reporters: State member banks, bank holding companies, and trust 
company subsidiaries of bank holding companies that are subject to 
supervision by the Federal Reserve Board.
Annual reporting hours: 20.
Estimated average hours per response: 2.
Number of respondents: 10.
Small businesses are not affected.
    General description of report: This information collection is 
authorized by law (Sec. 17A(c)(1) of the Securities Exchange Act of 
1934, 15 U.S.C. Sec. 78q-1(c)(1) as amended by the Securities Acts 
Amendments of 1975) and is voluntary. The collection of the data by the 
Federal Reserve from state member banks, subsidiaries of state member 
banks, bank holding companies, and subsidiaries of bank holding 
companies (except national banks and state nonmember banks that are 
insured by the FDIC) is authorized by law (15 U.S.C. 
Sec. 78c(a)(34)(B)(ii)). Individual respondent data are not regarded as 
confidential.
    Abstract: This voluntary notice provides a method for state member 
banks, bank holding companies, and trust companies that are subject to 
Federal Reserve supervision and that are engaged as a transfer agent on 
behalf of an issuer of securities to claim exemption from several of 
the Securities and Exchange Commission's rules applicable to registered 
transfer agents.

    Board of Governors of the Federal Reserve System, February 14, 
1995.
William W. Wiles,
Secretary of the Board.
[FR Doc. 95-4136 Filed 2-17-95; 8:45AM]
Billing Code 6210-01-F