[Federal Register Volume 59, Number 96 (Thursday, May 19, 1994)]
[Unknown Section]
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From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-12192]
[[Page Unknown]]
[Federal Register: May 19, 1994]
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FEDERAL RESERVE SYSTEM
Agency Forms Under Review
AGENCY: Board of Governors of the Federal Reserve System.
ACTION: Notice.
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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 of
1980, as per 5 CFR 1320.9, 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 1320.9.
Board-approved collections of information will be incorporated into the
official OMB inventory of currently approved collections of
information. A copy of the SF 83 and supporting statement and the
approved collection of information instrument(s) will be placed into
OMB's public docket files. The following forms, 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.
DATES: Comments must be submitted on or before May 20, 1994.
ADDRESSES: Comments, which should refer to the OMB Docket number (or
Agency form number in the case of a new information collection that has
not yet been assigned an OMB number), should be addressed to Mr.
William W. Wiles, Secretary, Board of Governors of the Federal Reserve
System, 20th and C Streets, NW., 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, NW. Comments
received may be inspected in room B-1122 between 9 a.m. and 5 p.m.,
except as provided in Sec. 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: Milo Sunderhauf, 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, the
request for clearance (SF 83), supporting statement, instructions, 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, Federal Reserve Board Clearance
Officer (202-452-3829), Division of Research and Statistics, Board of
Governors of the Federal Reserve System, Washington, DC 20551. For the
hearing impaired only, Telecommunications Device for the Deaf (TTD)
Dorothea Thompson (202-452-3544), Board of Governors of the Federal
Reserve System, Washington, DC 20551.
Proposal to approve under OMB delegated authority the extension
with revisions of the following reports:
1. Report title: Applications for Membership in the Federal Reserve
System.
Agency form number: FR 2083, 2083A-2083E.
OMB Docket number: 7100-0046.
Frequency: On occasion.
Reporters: Commercial banks and certain mutual savings banks.
Annual reporting hours: 1,988.
Estimated average hours per response: 37.5.
Number of respondents: 53.
Small businesses are not affected.
General description of report: This information collection is
required [12 U.S.C. 321-328]. The information in the application is not
confidential; however, parts may be given confidential treatment at the
applicant's request [5 U.S.C. 552(b)(4)].
This application provides managerial, financial and structural data
necessary for the Federal Reserve System to evaluate a new or existing
bank's application for admission to membership in the Federal Reserve
System pursuant to criteria established by statute and regulation
(Regulation H). The revisions would standardize the format of certain
information and clarify the instructions.
2. Report title: Senior Loan Officer Opinion Survey on Bank Lending
Practices.
Agency form number: FR 2018.
OMB Docket 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), 263, 335, 3101, 3102, and 3105] and is
given confidential treatment [5 U.S.C. 552(b)(4)].
This survey collects qualitative information about changes in
business loan demand and various aspects of bank lending practices from
sixty large U.S. commercial banks. The proposed revision will add six
U.S. branches and agencies of foreign banks to the current panel. The
survey serves as a very important tool for monitoring and understanding
the evolution of lending practices at banks and developments in credit
markets generally.
3. Report title: Application for Prior Approval To Become a Bank
Holding Company, or for a Bank Holding Company to Acquire an Additional
Bank or Bank Holding Company.
Agency form number: FR Y-3.
OMB Docket number: 7100-0171.
Frequency: Event-generated.
Reporters: Corporations seeking to become bank holding companies,
or bank holding companies and state chartered banks that are members of
the Federal Reserve System.
Annual reporting hours: 27,383.
Estimated average hours per response: Section 3(a)(1): 48.5;
Section 3(a)(3) and 3(a)(5): 59.0.
Number of respondents: Pursuant to Section 3(a)(1): 196; Pursuant
to Section 3(a)(3) and 3(a)(5): 303.
Small businesses are affected.
General description of report: This report is required and is
authorized by law [12 U.S.C. 1842 (a)(1), (a)(3), and (a)(5)].
Individual respondent data are available to the public except any
portions which have been granted confidential treatment at the
applicant's request [5 U.S.C. 552(b) (4) and (8)].
This application provides systematic data on the structure of the
proposal on the formation of a bank holding company through acquisition
of one or more banks or the merger of two existing bank holding
companies, or for the prior approval of the acquisition of direct or
indirect ownership, control, or power to vote a certain percentage of
the voting shares of a bank or bank holding company. The application
collects financial and managerial information on the applicant and data
on competitive and public convenience factors. This report has been
renamed and now combines information formerly collected on the
Application for Prior Approval to Become a Bank Holding Company (FR Y-
1; OMB No. 7100-0119) and the Application for Prior Approval for a Bank
Holding Company to Acquire an Additional Bank or Bank Holding Company
(FR Y-2; OMB No. 7100-0171).
4. Report title: Application for Prior Written Consent to Effect a
Bank Merger, Consolidation, Acquisition of Assets or Assumption of
Deposit Liabilities.
Agency form number: FR 2070.
OMB Docket number: 7100-0266.
Frequency: On occasion.
Reporters: State chartered banks that are members of the Federal
Reserve System.
Annual reporting hours: 4,680.
Estimated average hours per response: 39.0.
Number of respondents: 120.
Small businesses are affected.
General description of report: This report is required by law [12
U.S.C. 1828(c)]. Parts may be given confidential treatment at the
applicant's request [5 U.S.C. 552(b)(4)].
This form provides information on the pro forma financial condition
of the applicant, a description of the proposed merger and the
advantages it offers to the public's needs and convenience. The form is
used by the Federal Reserve to evaluate the proposed merger as to
financial soundness, competitive acceptability and consistency with the
public interest.
This report represents the reinstatement of a previous information
collection of the same title, and incorporates information formerly
collected on the Application for Prior Approval for a Bank Holding
Company to Acquire an Additional Bank or Bank Holding Company (FR Y-2;
OMB No. 7100-0171).
Proposal to approve under OMB delegated authority of the extension,
without revision, of the following reports:
1. Report title: Domestic Branch Notification.
Agency form number: FR 4001.
OMB Docket number: 7100-0097.
Frequency: On occasion.
Reporters: State member banks.
Annual reporting hours: 415.
Estimated average hours per response: expedited notifications 0.5
hours; nonexpedited 1.0 hour.
Number of respondents: 684.
Small businesses are affected.
General description of report: This information collection is
required [12 U.S.C. 321] and is not given confidential treatment.
Whenever a state member bank wishes to establish a domestic branch,
it must receive the approval of the Federal Reserve System by filing a
domestic branch application, which is in the form of a letter addressed
to the appropriate Federal Reserve Bank.
2. Report title: Investment in Bank Premises Notification.
Agency form number: FR 4014.
OMB Docket number: 7100-0139.
Frequency: On occasion.
Reporters: State member banks.
Annual reporting hours: 117.
Estimated average hours per response: 0.5.
Number of respondents: 234.
Small businesses are affected.
General description of report: This information collection is
required [12 U.S.C. 371d] and is not given confidential treatment.
Whenever a new investment in bank premises by a state member bank
causes that bank's total dollar investment in bank premises to exceed
100 percent of the bank's capital stock account, the bank is required
to send an application to the appropriate Federal Reserve Bank
requesting permission from the Federal Reserve System to proceed.
3. Report title: Notice of Proposed Stock Redemption.
Agency form number: FR 4008.
OMB Docket number: 7100-0131.
Frequency: On occasion.
Reporters: Bank holding companies.
Annual reporting hours: 775.
Estimated average hours per response: 15.5.
Number of respondents: 50.
Small businesses are affected.
General description of report: This information collection is
required [12 U.S.C. 1844] and is not given confidential treatment;
however, parts may be given confidential treatment at the applicant's
request [5 U.S.C. 552(b) (4), and (8)].
The filing of this notice is required of a bank holding company
proposing to purchase or redeem its shares when the gross consideration
to be paid for such purchase or redemption is equal to 10 percent or
more of the company's consolidated net worth over any 12-month period.
4. Report title: Report on Terms of Credit Card Plans.
Agency form number: FR 2572.
OMB Docket number: 7100-0239.
Frequency: Semiannual.
Reporters: Financial institutions.
Annual reporting hours: 76.5.
Estimated average hours per response: .25.
Number of respondents: 153.
Small businesses are not affected.
General description of report: The Board is authorized to collect
the information contained in this report by Section 5 of the Fair
Credit and Charge Card Act of 1988 (Pub. Law No. 100-583, 102 Stat.
2960). Further, the Board may compel creditors to provide the
information contained on this report pursuant to Section 136 of the
Truth in Lending Act. (15 U.S.C. 1646(a)).
This semiannual report will collect credit card price and
availability information from the largest 153 issuers of bank credit
cards. Such issuers include commercial banks as well as thrift
organizations (savings and loan associations and savings banks). In
addition, the report will include any financial institution that
notifies the Federal Reserve Banks that they would like to participate.
Financial institutions wishing to file should contact the Federal
Reserve Bank located in their district. This information will be
assimilated into a report and made available to Congress and the public
on a semiannual basis.
5. Report title: Survey to Obtain Information on the Relevant
Market in Individual Merger Cases.
Agency form number: FR 2060.
OMB Docket number: 7100-0232.
Frequency: On occasion.
Reporters: Small businesses and consumers.
Annual reporting hours: 55.
Estimated average hours per response: 10 minutes for small
businesses, 6 minutes for consumers.
Number of respondents: 25 small businesses and 50 consumers per
survey.
Small businesses are affected.
General description of report: This information collection is
voluntary (12 U.S.C. 1828(c)) and is given confidential treatment (5
U.S.C. 552(b)(4) & (b)(6)).
This telephone survey is designed to determine from what sources
small businesses and consumers obtain financial services. The
information is needed for specific merger and acquisition applications
to determine relevant banking markets in the analysis of local market
competition.
6. Report title: Senior Financial Officer Survey.
Agency form number: FR 2023.
OMB Docket 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. 225, 248(a) and 263) and the confidentiality will
be determined on a case-by-case basis.
The survey collects qualitative information about deposit
relationships and other aspects of bank funding practices from a
selection of commercial banks, or if appropriate, other depository
institutions, corporations or large money-stock holders. The survey
assists the Federal Reserve in its assessment of the monetary aggregate
and financial market conditions.
7. Report title: Application for Prior Approval to Engage Directly
or Indirectly in Certain Nonbanking Activities.
Agency form number: FR Y-4.
OMB Docket number: 7100-0121.
Frequency: Event-generated.
Reporters: Bank holding companies.
Annual reporting hours: 21,529.
Estimated average hours per response: Applications: 59.0;
Notifications: 1.5.
Number of respondents: Applications: 362. Notifications: 114 .
Small businesses are affected.
General description of report: This report if required and
authorized by law (12 U.S.C. 1844 4(c)). Individual respondent data are
available to the public except any portions granted confidential
treatment at applicant request (5 U.S.C. 552(b)(4) and (8)).
This form is completed by a bank holding company seeking prior
approval to acquire or retain the assets or shares of a nonbank
company. The application collects financial and managerial information
on the applicant and data on competitive and public convenience
factors.
8. Report title: Reports Related to Securities of State Member
Banks as Required by Regulation H.
Agency form number: N.A.
OMB Docket number: 7100-0091.
Frequency: On occasion, quarterly, and annually.
Reporters: State member banks with more than 500 shareholders and
more than $5 million in total assets.
Annual reporting hours: 2,835.
Estimated average hours per response: 6.75.
Number of respondents: 42.
Small businesses are not affected.
General description of report: This information collection is
mandatory (15 U.S.C. 78(i)) and is not given confidential treatment.
Since December 1987 state member banks that meet the shareholder
and total asset criteria have been required pursuant to Regulation H to
file the same securities forms and reports that bank holding companies
and non-bank entities use when they file directly with the Securities
and Exchange Commission. Some examples of such reports are Form 10-Q
quarterly reports, Form 10-K annual reports, and event-generated Form 3
and Form 4 reports.
Board of Governors of the Federal Reserve System, May 13, 1994.
William W. Wiles,
Secretary of the Board.
[FR Doc. 94-12192 Filed 5-18-94; 8:45 am]
BILLING CODE 6210-01-P
