[Federal Register Volume 73, Number 200 (Wednesday, October 15, 2008)]
[Notices]
[Pages 61128-61129]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-24349]


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

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 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--Michelle Shore--Division of Research and Statistics, Board of 
Governors of the Federal Reserve System, Washington, DC 20551 (202-452-
3829). OMB Desk Officer--Kimberly P. Nelson--Office of Information and 
Regulatory Affairs, Office of Management and Budget, New Executive 
Office Building, Room 10235, Washington, DC 20503.

Final Approval Under OMB Delegated Authority of the Extension for Three 
Years, With Revision, of the Following Reports

    1. Report title: Survey of Terms of Lending.
    Agency form number: FR 2028A, FR 2028B, and FR 2028S.
    OMB control number: 7100-0061.
    Frequency: Quarterly.
    Reporters: Commercial banks; and U.S. branches and agencies of 
foreign banks (FR 2028A and FR 2028S only).
    Annual reporting hours: 6,840 hours.
    Estimated average hours per response: FR 2028A, 3.4 hours; FR 
2028B, 1.2 hours; and FR 2028S, 0.1 hours.
    Number of respondents: FR 2028A, 398; FR 2028B, 250; and FR 2028S, 
567.
    General description of report: This information collection is 
authorized by section 11(a)(2) of the Federal Reserve Act [12 U.S.C. 
248(a)(2)] and is voluntary. Individual responses are regarded as 
confidential under the Freedom of Information Act [5 U.S.C. 552(b)(4)].
    Abstract: The Survey of Terms of Lending provides unique 
information concerning both price and certain nonprice terms of loans 
made to businesses and farmers during the first full business week of 
the mid-month of each quarter (February, May, August, and November). 
The survey comprises three reporting forms: The FR 2028A, Survey of 
Terms of Business Lending; the FR 2028B, Survey of Terms of Bank 
Lending to Farmers; and the FR 2028S, Prime Rate Supplement to the 
Survey of Terms of Lending. The FR 2028A and FR 2028B collect detailed 
data on individual loans made during the survey week, and the FR 2028S 
collects the prime interest rate for each day of the survey from both 
FR 2028A and FR 2028B respondents. From these sample data, estimates of 
the terms of business loans and farm loans extended during the 
reporting week are constructed. The aggregate estimates for business 
loans are published in the quarterly E.2 release, Survey of Terms of 
Business Lending, and aggregate estimates for farm loans are published 
in the quarterly E.15 release, Agricultural Finance Databook.
    Current Actions: On August 4, 2008, the Federal Reserve published a 
notice in the Federal Register (73 FR 45222) requesting public comment 
for 60 days on the extension, with revision, of the FR 2028. The 
comment period for this notice expired on October 3, 2008. The Federal 
Reserve did not receive any comments on the proposed revisions. The 
revisions will be implemented as proposed.
    2. Report title: Report of Terms of Credit Card Plans.
    Agency form number: FR 2572.
    OMB control number: 7100-0239.
    Frequency: Semi-annual.
    Reporters: Commercial banks, savings banks, industrial banks, and 
savings and loans associations.
    Annual reporting hours: 75 hours.
    Estimated average hours per response: 0.25 hours.
    Number of respondents: 150.
    General description of report: This information collection is 
voluntary (15 U.S.C. 1646(b)) and is not given confidential treatment.
    Abstract: This report collects data on credit card pricing and 
availability from a sample of at least 150 financial institutions that 
offer credit cards to the general public. The information is reported 
to the Congress and made available to the public in order to promote 
competition within the industry.
    Current Actions: On August 4, 2008, the Federal Reserve published a 
notice in the Federal Register (73 FR 45222) requesting public comment 
for 60 days on the extension, with revision, of this information 
collection. The comment period for this notice expired on October 3, 
2008. The Federal Reserve did not receive any comments. The revisions 
will be implemented as proposed.
    3. Report title: The Report of Transaction Accounts, Other Deposits 
and Vault Cash.
    Agency form number: FR 2900.
    OMB control number: 7100-0087.
    Frequency: Weekly, quarterly.
    Reporters: Depository institutions.
    Annual reporting hours: 615,902 hours.
    Estimated average hours per response: 3.50 hours.
    Number of respondents: 2,996 weekly and 5,045 quarterly.
    General description of report: This information collection is 
mandatory (12 U.S.C. 248(a), 461, 603, and 615) and is given 
confidential treatment (5 U.S.C. 552(b)(4)).
    Abstract: Nonexempt institutions--defined as those with net 
transaction accounts greater than the exemption amount or with the sum 
of total transaction accounts, savings deposits, and small time 
deposits equal to or greater than the reduced reporting limit--file the 
fifteen-item FR 2900 weekly if the sum of their total transaction 
accounts, savings deposits, and small time deposits is equal to or 
greater than the nonexempt deposit cutoff and quarterly if the sum of 
their total transaction accounts, savings deposits, and small time 
deposits is less than the nonexempt deposit cutoff. U.S. branches and 
agencies of foreign banks and banking Edge and agreement corporations 
are required to submit FR 2900 data weekly regardless of their deposit 
size. These mandatory data are used by the Federal Reserve for 
administering Regulation D (Reserve Requirements of Depository 
Institutions) and for constructing, analyzing, and monitoring the 
monetary and reserve aggregates.
    Current Actions: On August 4, 2008, the Federal Reserve published a 
notice

[[Page 61129]]

in the Federal Register (73 FR 45222) requesting public comment for 60 
days on the extension, with revision, of this information collection. 
The comment period for this notice expired on October 3, 2008. The 
Federal Reserve did not receive any substantive comments. The revisions 
will be implemented as proposed.
    4. Report title: The Annual Report of Deposits and Reservable 
Liabilities.
    Agency form number: FR 2910a.
    OMB control number: 7100-0175.
    Frequency: Annually.
    Reporters: Depository institutions.
    Annual reporting hours: 3,659 hours.
    Estimated average hours per response: 0.75 hours.
    Number of respondents: 4,878.
    General description of report: This information collection is 
mandatory (12 U.S.C. 248(a) and 461) and is given confidential 
treatment (5 U.S.C. 552(b)(4)).
    Abstract: Currently, the three-item FR 2910a is generally filed by 
exempt institutions whose net transaction accounts are less than or 
equal to the exemption amount and whose sum of total transaction 
accounts, savings deposits, and small time deposits is less than the 
reduced reporting limit but total deposits are greater than the 
exemption amount. Respondents submit single-day data as of June 30. 
These mandatory data are used by the Federal Reserve for administering 
Regulation D (Reserve Requirements of Depository Institutions) and for 
constructing, analyzing, and monitoring the monetary and reserve 
aggregates.
    Current Actions: On August 4, 2008, the Federal Reserve published a 
notice in the Federal Register (73 FR 45222) requesting public comment 
for 60 days on the extension, with revision, of this information 
collection. The comment period for this notice expired on October 3, 
2008. The Federal Reserve did not receive any comments. The revisions 
will be implemented as proposed.

    Board of Governors of the Federal Reserve System, October 8, 
2008.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. E8-24349 Filed 10-14-08; 8:45 am]
BILLING CODE 6210-01-P