[Federal Register Volume 62, Number 62 (Tuesday, April 1, 1997)]
[Notices]
[Pages 15517-15518]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-8221]
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FEDERAL RESERVE SYSTEM
Agency Information Collection Activities: Proposed Collection;
Comment Request
AGENCY: Board of Governors of the Federal Reserve System
ACTION: Notice
BACKGROUND:
On June 15, 1984, the Office of Management and Budget (OMB)
delegated to the Board of Governors of the Federal Reserve System
(Board) its approval authority under the Paperwork Reduction Act, as
per 5 CFR 1320.16, to approve of and assign OMB control numbers to
collection of information requests and requirements conducted or
sponsored by the Board under conditions set forth in 5 CFR 1320
Appendix A.1. 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. Board-
approved collections of information will be incorporated into the
official OMB inventory of currently approved collections of
information. A copy of the OMB 83-I and supporting statement and the
approved collection of information instrument will be placed into OMB's
public docket files. The following information collections, which are
being handled under this delegated authority, have received initial
Board approval and are hereby published for comment. At the end of the
comment period, the proposed information collection, along with an
analysis of comments and recommendations received, will be submitted to
the Board for final approval under OMB delegated authority. Comments
are invited on the following:
a. Whether the proposed collection of information is necessary for
the proper performance of the Federal Reserve's functions; including
whether the information has practical utility;
b. The accuracy of the Federal Reserve's estimate of the burden of
the proposed information collection, including the validity of the
methodology and assumptions used;
c. Ways to enhance the quality, utility, and clarity of the
information to be collected; and d. ways to minimize the burden of
information collection on respondents, including through the use of
automated collection techniques or other forms of information
technology.
DATES: Comments must be submitted on or before June 2, 1997.
ADDRESSES: Comments, which should refer to the OMB control number or
agency form number, should be addressed to William W. Wiles, Secretary,
Board of Governors of the Federal Reserve System, 20th and C Streets,
N.W., Washington, DC 20551, or delivered to the Board's mail room
between 8:45 a.m. and 5:15 p.m., and to the security control room
outside of those hours. Both the mail room and the security control
room are accessible from the courtyard entrance on 20th Street between
Constitution Avenue and C Street, N.W. Comments received may be
inspected in room M-P-500 between 9:00 a.m. and 5:00 p.m., except as
provided in section 261.8 of the Board's Rules Regarding Availability
of Information, 12 CFR 261.8(a).
A copy of the comments may also be submitted to the OMB desk
officer for the Board: Alexander T. Hunt, Office of Information and
Regulatory Affairs, Office of Management and Budget, New Executive
Office Building, Room 3208, Washington, DC 20503.
FOR FURTHER INFORMATION CONTACT: A copy of the proposed form and
instructions, the Paperwork Reduction Act Submission (OMB 83-I),
supporting statement, and other documents that will be placed into
OMB's public docket files once approved may be requested from the
agency clearance officer, whose name appears below.
Mary M. McLaughlin, Chief, Financial Reports Section (202-452-
3829), Division of Research and Statistics, Board of Governors of the
Federal Reserve System, Washington, DC 20551. Telecommunications Device
for the Deaf (TDD) users may contact Diane Jenkins (202-452-3544),
Board of Governors of
[[Page 15518]]
the Federal Reserve System, Washington, DC 20551.
Proposal to approve under OMB delegated authority the extension for
three years, with revision, the following report:
1. Report title: Consolidated Report of Condition and Income for
Edge and Agreement Corporations
Agency form number: FR 2886b
OMB control number: 7100-0086
Frequency: Quarterly
Reporters: Edge and agreement corporations
Annual reporting hours: 3,619
Estimated average hours per response: 11.6
Number of respondents: 39 banking corporations, 39 investment
corporations
Small business are not affected.
General description of report: This information collection is
mandatory (12 U.S.C. 602 and 625) and is given confidential treatment
(5 U.S.C. 552(b)(4)).
Abstract: This report collects balance sheet and income data from
Edge and agreement corporations. Information collected on the FR 2886b
is used to help plan and target the scope of examinations of Edge
corporations and to evaluate applications. Data from the FR 2886b are
also used to monitor aggregate institutional trends, such as growth in
assets and the number of offices, changes in leverage, and the types
and locations of customers. The significant revisions to the report
consist of changing reporting to a fully consolidated basis, instead of
the consolidation of only branch operations; collecting new information
on mutual funds and annuity sales; adding two line items: ``Trading
assets'' and ``Trading liabilities;'' changing the reporting of current
items ``Claims on affiliates'' and ``Liabilities to affiliates'' from a
net to a gross basis; revising the reporting of securities, income and
expenses, changes in capital reserve accounts, and off-balance-sheet
items to be more consistent with the collection of similar data on the
Report of Condition for Foreign Subsidiaries of U.S. Banking
Organizations (FR 2314; OMB No. 7100-0073); revising ``Claims on and
Liabilities to Affiliates'' to include related U.S. banks other than
the parent bank; revising ``Past Due and Nonaccrual Loans and Lease
Financing Receivables'' to include past due information on other
assets; and exempting nonbanking Edge corporations from reporting seven
supporting schedules.
Proposal to approve under OMB delegated authority the extension for
three years, without revision, of the following reports:
1. Report title: Senior Loan Officer Opinion Survey on Bank Lending
Practices
Agency form number: FR 2018
OMB control number: 7100-0058
Frequency: Up to six times per year
Reporters: Large U.S. commercial banks and large U.S. branches and
agencies of foreign banks
Annual reporting hours: 1,008
Estimated average hours per response: 2.0
Number of respondents: 84
Small businesses are not affected.
General description of report: This information collection is
voluntary (12 U.S.C. 248(a), 324, 335, 3101, 3102, and 3105) and is
given confidential treatment (5 U.S.C. 552(b)(4)).
Abstract: The FR 2018 is conducted generally by means of telephone
interview by a Federal Reserve Bank officer having indepth knowledge of
the area of bank lending practices, with a senior loan officer at each
respondent bank. The reporting panel consists of sixty large
domestically chartered commercial banks, distributed fairly evenly
across Federal Reserve Districts, and twenty-four large U.S. branches
and agencies of foreign banks. The survey seeks primarily qualitative
information pertaining not only to current price and flow developments
but also to evolving techniques and practices in banking. A significant
fraction of the questions in each survey consists of unique questions
on topics of timely interest. There is the option to survey other types
of respondents (such as other depository institutions, bank holding
companies, or corporations) should the need arise. The FR 2018 is a
very important tool for monitoring and understanding the evolution of
lending practices at banks and developments in credit markets
generally.
2. Report title: Senior Financial Officer Survey
Agency form number: FR 2023
OMB control number: 7100-0223
Frequency: Up to four times per year
Reporters: Commercial banks, other depository institutions,
corporations or large money-stock holders
Annual reporting hours: 240
Estimated average hours per response: 1.0
Number of respondents: 60
Small businesses are not affected.
General description of report: This information collection is
voluntary (12 U.S.C. 225a, 248(a), and 263); confidentiality will be
determined on a case-by-case basis.
Abstract: The FR 2023 requests qualitative and limited quantitative
information about liability management and the provision of financial
services from a selection of sixty large commercial banks or, if
appropriate, from other depository institutions of corporations.
Responses are obtained from a senior officer at each participating
institution through a telephone interview conducted by Federal Reserve
Bank or Board staff. The survey is conducted when major informational
needs arise that 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.
Board of Governors of the Federal Reserve System, March 27, 1997
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-8221 Filed 3-31-97; 8:45AM]
Billing Code 6210-01-M
