[Federal Register Volume 74, Number 92 (Thursday, May 14, 2009)]
[Notices]
[Pages 22744-22745]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E9-11275]


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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 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:
    Acting 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).
    OMB Desk Officer--Shagufta Ahmed --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, without revision of the following reports:
    1. Report title: The Senior Loan Officer Opinion Survey on Bank 
Lending Practices.
    Agency form number: FR 2018.
    OMB control number: 7100-0058.
    Frequency: Up to six times a 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. 225a, 248(a)(2), and 3105(c)(2)) and is given 
confidential treatment (5 U.S.C. 552 (b)(4)).
    Abstract: The FR 2018 is conducted with a senior loan officer at 
each respondent bank, generally through a telephone interview, up to 
six times a year. The purpose of the survey is to provide qualitative 
and limited quantitative information on credit availability and demand, 
as well as evolving developments and lending practices in the U.S. loan 
markets. Consequently, a portion of the questions in each survey 
typically covers special Topics of timely interest. There is the option 
to survey other types of respondents (such as other depository 
institutions, bank holding companies, or other financial entities) 
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.
    Current Actions: On February 26, 2009, the Federal Reserve 
published a notice in the Federal Register (74 FR 8794) requesting 
public comment for 60 days on the extension, without revision, of the 
Senior Loan Officer Opinion Survey. The comment period for this notice 
expired on April 27, 2009. No comments were received.
    2. Report title: Senior Financial Officer Survey.
    Agency form number: FR 2023.
    OMB control number: 7100-0223.
    Frequency: Up to four times a year.
    Reporters: Large commercial banks.
    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 (U.S.C. 225a, 248(a), and 263). It has been anticipated that 
most, if not all, of the information to be collected on the FR 2023 
would be exempt from

[[Page 22745]]

disclosure under subsection (b)(4) of the Freedom of Information Act (5 
U.S.C. 552(b)(4). However, the confidentiality status of the survey 
would be determined on a case-by-case basis, when the specific 
questions to be asked on each particular survey are formulated but 
before respondents are contacted. Respondents will be informed of the 
confidentiality status of that particular survey, each time the survey 
would be conducted.
    Abstract: The 2023 requests qualitative and limited quantitative 
information about liability management, the provision of financial 
services, and the functioning of key financial markets from a selection 
of up to sixty large commercial banks (or, if appropriate, from other 
depository institutions or major financial market participants). 
Responses are obtained from a senior officer at each participating 
institution through a telephone interview. 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. The survey helps pinpoint developing trends in bank funding 
practices, enabling the Federal Reserve to distinguish these trends 
from transitory phenomena.
    Current Actions: On February 26, 2009, the Federal Reserve 
published a notice in the Federal Register (74 FR 8794) requesting 
public comment for 60 days on the extension, without revision, of the 
Senior Financial Officer Survey. The comment period for this notice 
expired on April 27, 2009. No comments were received.
    3. Report titles: Quarterly Report of Interest Rates on Selected 
Direct Consumer Installment Loans and Quarterly Report of Credit Card 
Plans.
    Agency form numbers: FR 2835 and FR 2835a.
    OMB control number: 7100-0085.
    Frequency: Quarterly.
    Reporters: Commercial banks.
    Annual reporting hours: FR 2835, 132 hours; and FR 2835a, 100 
hours.
    Estimated average hours per response: FR 2835, 13.2 minutes; and FR 
2835a, 30 minutes.
    Number of respondents: FR 2835, 150; and FR 2835a, 50.
    Small businesses are not affected.
    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, is 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 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 of smaller issuers.
    Current Actions: On February 26, 2009, the Federal Reserve 
published a notice in the Federal Register (74 FR 8794) requesting 
public comment for 60 days on the extension, without revision, of the 
Senior Financial Officer Survey. The comment period for this notice 
expired on April 27, 2009. The Federal Reserve received one comment 
from a federal agency describing its use of the FR 2835 and FR 2835a 
data to prepare monthly, quarterly, and annual estimates of personal 
interest payments, a component of personal outlays in the national 
income and product accounts.

    Board of Governors of the Federal Reserve System, May 11, 2009.
Jennifer J. Johnson,
Secretary of the Board.
 [FR Doc. E9-11275 Filed 5-13-09; 8:45 am]
BILLING CODE 6210-01-P