[Federal Register Volume 60, Number 18 (Friday, January 27, 1995)]
[Notices]
[Page 5395]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-2051]
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FEDERAL RESERVE SYSTEM
Agency Forms Under Review
Background
Notice is hereby given of the final approval of proposed
information collection(s) by the Board of Governors of the Federal
Reserve System (Board) under OMB delegated authority, as per 5 CFR
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 (202-452-3829).
OMB Desk Officer--Milo Sunderhauf--Office of Information and Regulatory
Affairs, Office of Management and Budget, New Executive Office
Building, Room 3208, Washington, D.C. 20503 (202-395-7340).
Final approval under OMB delegated authority of the extension, with
revisions, of the following reports:
1. Report title: Report of Foreign (Non-U.S.) Currency Deposits.
Agency form number: FR 2915.
OMB Docket number: 7100-0237.
Frequency: Quarterly.
Reporters: Depository institutions.
Annual reporting hours: 418.
Estimated average hours per response: 0.50.
Number of respondents: 209.
Small businesses are affected.
General description of report: This information collection is
required [12 U.S.C. 248(a)] and is given confidential treatment [5
U.S.C. 552(b)(4)].
Abstract: The FR 2915 reporting form collects weekly averages of
the amounts outstanding for foreign (non-U.S.) currency deposits held
at U.S. offices of depository institutions, converted to U.S. dollars
and included in the FR 2900 (OMB No. 7100-0087), the principal deposits
report that is used for the calculation of required reserves and for
construction of the monetary and reserves aggregates. Foreign currency
deposits are subject to reserve requirements and, therefore, are
included in the FR 2900. However, foreign currency deposits are not
included in the monetary aggregates. The FR 2915 data are used to back
foreign currency deposits out of the FR 2900 data for construction of
the monetary aggregates. The FR 2915 data also are used to monitor the
volume of foreign-currency deposits.
The revision reduces the reporting frequency for current monthly
reporters to quarterly, which reduces the annual reporting burden for
this report by 66 percent.
2. Report title: Financial Statements for a Bank Holding Company
Subsidiary Engaged in Bank-Ineligible Securities Underwriting and
Dealing.
Agency form number: FR Y-20.
OMB Docket number: 7100-0248.
Frequency: Quarterly.
Reporters: Bank Holding Companies.
Annual reporting hours: 1,519.
Estimated average hours per response: 12.25.
Number of respondents: 31.
Small businesses are not affected.
General description of report: This information collection is
mandatory to obtain or retain a benefit [12 U.S.C. 1844(b) and (c)] and
is given confidential treatment [5 U.S.C. 552(b)(4)].
Abstract: Bank holding companies that have received the Board's
approval by Order to engage in limited underwriting and dealing in
securities of a type which a bank may not underwrite or deal in
directly file the FR Y-20. The report consists of a balance sheet,
statement of income, supporting schedules for securities owned, and a
statement of changes in stockholders' equity. In addition, there are
several memoranda items which collect information on intercompany
liabilities and off-balance sheet items, and information that is needed
for an alternative measure of indexed-revenue. The revision, effective
as of December 31, 1994, involves the addition of memoranda items on
the income statement to collect year-to-date gross income, total
expenses, and net income.
Board of Governors of the Federal Reserve System, January 23,
1995.
William W. Wiles,
Secretary of the Board.
[FR Doc. 95-2051 Filed 1-26-95; 8:45am]
BILLING CODE 6210-01-F
