[Federal Register Volume 61, Number 116 (Friday, June 14, 1996)]
[Notices]
[Pages 30241-30242]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-15121]



-----------------------------------------------------------------------


FEDERAL RESERVE SYSTEM

Agency information collection activities: Submission to OMB under 
delegated authority

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. 
1320.16 (OMB Regulations on Controlling Paperwork Burdens on the 
Public). 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. McLaughlin--Division 
of Research and Statistics, Board of Governors of the Federal Reserve 
System, Washington, DC 20551 (202-452-3829)
OMB Desk Officer--Milo Sunderhauf--Office of Information and Regulatory 
Affairs, Office of Management and Budget, New Executive Office 
Building, Room 3208, Washington, DC 20503 (202-395-7340)
    Final approval under OMB delegated authority of the extension, with 
revision, of the following reports:
    1. Report title: Domestic Finance Company Report of Consolidated 
Assets and Liabilities
Agency form number: FR 2248
OMB Control number: 7100-0005
Frequency: Monthly
Reporters: Domestic finance companies
Annual reporting hours: 1,920
Estimated average hours per response: 1.3
Number of respondents: 120
Small businesses are not affected.
    General description of report: This information collection is 
voluntary (12 U.S.C. Sec. 225(a)) and is given confidential treatment 
(5 U.S.C. Sec. 552(b)(4)).

[[Page 30242]]

    Abstract: The FR 2248 collects balance sheet data on major 
categories of consumer and business credit receivables and on major 
short-term liabilities. For quarter-end months (March, June, September, 
and December), the report collects information on other assets and 
liabilities outstanding as well as information on capital accounts in 
order to provide a full balance sheet.
    The Federal Reserve has reduced the authorized size of the FR 2248 
reporting panel from 142 finance companies to 120 finance companies. 
The Federal Reserve has also reorganized the form by classifying assets 
as consumer-, real estate-, business-, or lease-related to make the 
form more compatible with respondents accounting procedures and thus 
reduce burden. No changes were made to the liabilities items. Several 
items were added to the supplemental section, and securitization items 
were reorganized to be consistent with the new asset classification.
    2. Report title: Finance Company Survey
Agency form number: FR 3033s
OMB Control number: 7100-0277
Frequency: quinquennial
Reporters: Domestic finance companies
Annual reporting hours: 840
Estimated average hours per response: 1.4
Number of respondents: 600
Small businesses are affected.
    General description of report: This information collection is 
voluntary (12 U.S.C. Secs. 225a, 263, and 353-359) and is given 
confidential treatment (5 U.S.C. Sec. 552(b)(4)).
    Abstract: The FR 3033s survey, which is collected about every five 
years, asks for detailed information on the assets and liabilities of a 
stratified random sample of domestic finance companies. The sample is 
based on the responses to the first stage of the survey, the Finance 
Company Questionnaire (FR 3033p; OMB No. 7100-0277). From the 
questionnaires returned, the Federal Reserve determined which of the 
respondents were eligible for the FR 3033s panel.
    The Federal Reserve uses the information collected in the survey to 
benchmark the data series constructed from the monthly report, the 
Domestic Finance Company Report of Consolidated Assets and Liabilities 
(FR 2248; OMB No. 7100-0005).
    As with the FR 2248, the Federal Reserve reorganized the form by 
classifying assets as consumer-, real estate-, business-, or lease-
related to make the form more compatible with respondents accounting 
procedures and thus reduce burden. There was one minor consolidation to 
a liabilities item. Several items were added to the supplemental 
section, and securitization items were reorganized to be consistent 
with the new asset classification.

    Board of Governors of the Federal Reserve System, June 10, 1996.
William W. Wiles,
Secretary of the Board.
[FR Doc. 96-15121 Filed 6-13-96; 8:45AM]
Billing Code 6210-01-F