[Federal Register Volume 59, Number 53 (Friday, March 18, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-6426]
[[Page Unknown]]
[Federal Register: March 18, 1994]
=======================================================================
-----------------------------------------------------------------------
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 CFR
1320.9 (OMB Regulations on Controlling Paperwork Burdens on the
Public).
FOR FURTHER INFORMATION CONTACT: Mary M. McLaughlin, Federal Reserve
Board Clearance Officer (202-452-3829), Division of Research and
Statistics, Board of Governors of the Federal Reserve System,
Washington, DC 20551. Gary Waxman, OMB Desk Officer (202-395-7340),
Office of Information and Regulatory Affairs, Office of Management and
Budget, New Executive Office Building, room 3208, Washington, DC 20503
Final approval under OMB delegated authority of the extension with
revisions (or the implementation) of the following reports:
1. Report title: Weekly Report of Eurodollar Liabilities Held by
Selected U.S. Addressees at Foreign Offices of U.S. Banks
Agency form number: FR 2050
OMB Docket number: 7100-0068
Frequency: Weekly
Reporters: Large foreign branches and banking subsidiaries of U.S.
banks
Annual reporting hours: 11,284
Estimated average hours per response: 3.5
Number of respondents: 62 branches, 0 banking subsidiaries
Small businesses are not affected.
General description of report: This information collection is voluntary
[12 U.S.C. 248(a)(2), 353 et seq., 461, 602, and 625] and is given
confidential treatment [5 U.S.C. 552(b)(4)].
This report collects data on overnight and term Eurodollars held by
certain U.S. residents in selected foreign branches of U.S. commercial
banks and Edge and agreement corporations. The data are used for the
construction of the Eurodollar components of the monetary aggregates
and for analysis of banks' liability management practices.
The report has been renamed and now includes data formerly
collected on the Weekly Report of Foreign Branch Liabilities to, and
Custody Holdings for, U.S. Addressees (FR 2077; OMB No. 7100-0176),
which has been discontinued. The reporting panel has been broadened to
include foreign banking subsidiaries, although currently none meets the
cutoff. The panel will be composed of those institutions with a weekly
average of $200 million in total Eurodollar liabilities to U.S.
addressees other than depository institutions and all money market
mutual funds. Other changes include the following:
(1) The overnight Eurodollar item collected on the FR 2050 and the
two term Eurodollar items collected on the FR 2077 are now collected in
the body of the new combined report, with the following redefinitions:
(a) The item on negotiable term Eurodollar holdings held in custody
has been redefined to exclude those held for depository institutions,
consistent with the exclusion of depository institution holdings from
the other two items; and
(b) All three items have been redefined to also exclude Eurodollar
liabilities to all money market mutual funds, which had been included.
(2) A memorandum item has been added to the report to segregate
overnight Eurodollars held by institution-only money market mutual
funds.
(3) The two term Eurodollar data items have been expanded from
single-day (Wednesday) coverage to daily data reported weekly,
consistent with the coverage of the overnight Eurodollar item. Daily
data also are collected for the new memorandum item.
The combined report will be implemented as of the reporting week
beginning Tuesday, March 29, 1994.
2. Report title: Quarterly Report of Assets and Liabilities of
Large Foreign Offices of U.S. Banks
Agency form number: FR 2502q
OMB Docket number: 7100-0079
Frequency: Quarterly
Reporters: Large foreign branches and banking subsidiaries of U.S.
banks
Annual reporting hours: 9,045
Estimated average hours per response: 3.75
Number of respondents: 588 branches, 15 banking subsidiaries
Small businesses are not affected.
General description of report: This information collection is required
[12 U.S.C. 248(a)(2), 353 et seq., 461, 602, and 625] and is given
confidential treatment [5 U.S.C. 552(b)(4)].
This report collects asset and liability information from foreign
branches and subsidiaries of U.S. commercial banks and Edge and
agreement corporations. The data are used in the construction of the
monetary aggregates and to monitor flows of funds between banks and
their branches. The report also provides information on foreign branch
claims to individual countries, which aids in monitoring the total
exposure of U.S. banks to individual countries. Also, data from this
report are combined with data from the Department of the Treasury to
form the basis of information that is compiled by the Bank for
International Settlements (BIS) from all G-10 countries on
international banking market developments.
The report has been renamed and now includes some of the data
formerly collected on the Monthly Report on Foreign Branch Asset and
Liabilities (FR 2502; OMB No. 7100-0078), which has been discontinued.
The reporting panel has been broadened to include large foreign banking
subsidiaries. The FR 2502 items on customer detail on transactions with
U.S. residents and claims and liabilities vis-a-vis other non-U.S.
offices of the parent have been reformatted and are collected in the
memoranda section. Data on Eurodollar liabilities, both overnight and
term, payable to certain U.S. addressees, which excluded liabilities
held by depository institutions, have been redefined to also exclude
liabilities held by all money market mutual funds. An item has been
added to collect liabilities held by institution-only money market
mutual funds. The report's overnight and term Eurodollar items have
been expanded from single-day coverage to five days of data. The
remaining items from the former FR 2502 report have been dropped,
resulting in a 66 percent net decrease in reporting burden.
3. Report title: Application for Employment with the Board of
Governors of the Federal Reserve System
Agency form number: N.A.
OMB Docket number: 7100-0181
Frequency: On occasion
Reporters: Individuals
Annual reporting hours: 10,099
Estimated average hours per response: 1
Number of respondents: 10,099
Small businesses are not affected.
General description of report: This information collection is required
to obtain a benefit [12 U.S.C. 244 and 248(1)] and is given
confidential treatment [5 U.S.C. 552(a) and 552(b)(2) and (6)].
The Application for Employment with the Board of Governors of the
Federal Reserve System collects information needed to determine the
qualifications, suitability, and availability of applications for
employment with the Board and of current Board employees for
reassignment, reinstatement, transfer, or promotion. The completed form
may also be used to examine, rate, or assess the applicant's
qualifications and to determine if the applicant is entitled to rights
or benefits under certain laws and regulations. The revisions include
the deletion of certain items, the addition of items, clarification of
Federal Reserve Board personnel policies, and minor editorial changes.
4. Report title: Report of Condition and Income for Edge and
Agreement Corporations
Agency form number: FR 2886b
OMB Docket number: 7100-0086
Frequency: Quarterly
Reporters: Edge and agreement corporations
Annual reporting hours: 4,041
Estimated average hours per response: 11.6
Number of respondents: 49 banking corporations, 38 investment
corporations
Small businesses are not affected.
General description of report: This information collection is required
and authorized by law [12 U.S.C. 602 and 625]. Certain respondent data
are given confidential treatment [5 U.S.C. 552(b)(4)].
This report collects balance sheet and income data from Edge and
agreement corporations. The data are used to supplement examination
reports and support the applications process, to monitor aggregate
institutional trends, and to measure the effect of and compliance with
the Board's Regulation K. The significant revisions consist of the
collection of all branch activities of both banking and investment Edge
corporations (both domestic and foreign) into one consolidated report;
the addition of a new schedule to collect selected items from
individual branches; the addition of a new schedule to collect
information on risk based capital; the addition of a new schedule to
collect additional information on securities to comply with the
implementation of Financial Accounting Standards Board (FASB) Statement
115; and the addition of a new balance sheet item to collect
information on subordinated notes and debentures.
Final Approval under OMB delegated authority of the extension,
without revisions, of the following reports:
1. Report title: Request for Proposal; Request for Price Quotations
Agency form number: N.A.
OMB Docket number: 7100-0180
Frequency: On occasion
Reporters: Vendors, suppliers
Annual reporting hours: 6,580
Estimated average hours per response: .854
Number of respondents: 7,700
Small businesses are affected.
General description of report: This information collection is required
to obtain a benefit [12 U.S.C. 244] and is not given confidential
treatment, unless requested otherwise by the respondent.
The Federal Reserve Board utilizes these two procurement forms in
obtaining competitive proposals and contracts. Depending upon the
product or services for which the Federal Reserve Board is seeking
competitive bids, the vendor or supplier is requested to provide either
basic price information for providing the goods or services (Request
for Price Quotation) or a document covering not only price information,
but the means of performing a particular service and a description of
the qualification of the contractor's staff who will perform the
service (Request for Proposal).
2. Report title: Ongoing Intermittent Survey of Households
Agency form number: FR 3016
OMB Docket number: 7100-0150
Frequency: Up to four times a year
Reporters: Households and individuals
Annual reporting hours: 240
Estimated average hours per response: .25
Number of respondents: 500
Small businesses are affected.
General description of report: This information collection is voluntary
[12 U.S.C. 225a, 263, 1828(c), 1842, 1843, and 4008, and 15 U.S.C.
1693b(a)]. No issues of confidentiality arise under the Freedom of
Information Act [FOIA] or under the Privacy Act.
This survey provides the Federal Reserve with considerable
flexibility in obtaining household-based information specifically
tailored to the Federal Reserve's policy and regulatory and operational
responsibilities.
Board of Governors of the Federal Reserve System, March 14,
1994.
Jennifer J. Johnson,
Associate Secretary of the Board
[FR Doc. 94-6426 Filed 3-17-94; 8:45 am]
BILLING CODE 6210-01-F
