[Federal Register Volume 62, Number 158 (Friday, August 15, 1997)]
[Notices]
[Pages 43735-43736]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-21653]
-----------------------------------------------------------------------
FEDERAL RESERVE SYSTEM
Agency Information Collection Activities: Submission to OMB Under
Delegated Authority
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). 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:
Chief, Financial Reports Section--Mary M. McLaughlin--Division of
Research and Statistics, Board of Governors of the Federal Reserve
System, Washington, DC 20551 (202-452-3829).
OMB Desk Officer--Alexander T. Hunt--Office of Information and
Regulatory Affairs, Office of Management and Budget, New Executive
Office Building, Room 3208, Washington, DC 20503 (202-395-7860).
Final approval under OMB delegated authority of the extension for
three years, with revision, of the following reports:
1. Report titles: Report of Transaction Accounts, Other Deposits
and Vault Cash; Reports of Certain Eurocurrency Transactions; and
Advance Reports of Deposits.
Agency form numbers: FR 2900, FR 2950, FR 2951, FR 2000, and FR
2001.
OMB Control number: 7100-0087.
Effective Date: Reporting week ending September 15, 1997, for FR
2900 weekly respondents; reporting week ending September 22 ,1997, for
FR 2900 quarterly respondents.
Frequency: Weekly, quarterly, daily--dependent upon request.
Reporters: Depository institutions.
Annual reporting hours: 1,281,447.
------------------------------------------------------------------------
Estimated
average
Report hours per Number of respondents
response
------------------------------------------------------------------------
FR 2900............................. 3.50 6,026 weekly; 5,982
quarterly.
FR 2950/2951........................ 1.00 642 weekly; 1
quarterly.
FR 2000............................. 0.84 186.
FR 2001............................. 0.96 540.
------------------------------------------------------------------------
[[Page 43736]]
Small businesses are affected.
General description of report: This information collection is
mandatory (12 U.S.C. 248(a), 461, 603, 615, and 3105(b)(2)) and is
given confidential treatment under the Freedom of Information Act (5
U.S.C. 552(b)(4)).
Abstract: This package of reports collects information on: deposits
and related items from depository institutions that have transaction
accounts or nonpersonal time deposits and that are not fully exempt
from reserve requirements (``nonexempt institutions'') (FR 2900);
Eurocurrency transactions from depository institutions that obtain
funds from foreign (non-U.S.) sources or that maintain foreign branches
(FR 2950, FR 2951); and selected items on the FR 2900 in advance from
samples of nonexempt institutions on a daily basis (FR 2000) and on a
weekly basis (FR 2001). The Federal Reserve has raised the deposit
cutoff used to determine weekly versus quarterly FR 2900 reporting (the
``nonexempt deposit cutoff'') above its indexed level of $59.3 million
to $75.0 million. The higher cutoff will result in a potential shift of
almost 1,000 reporters from weekly to quarterly FR 2900 reporting and a
significant reduction in annual reporting burden. No revisions to the
content of any of the reports have been made. Information provided by
these reports is used for administering Regulation D--Reserve
Requirements of Depository Institutions; or for constructing,
analyzing, and controlling the monetary and reserves aggregates; or
both.
Final approval under OMB delegated authority of the extension for
three years, without revision, of the following reports:
1. Report titles: Quarterly Report of Selected Deposits, Vault Cash
and Reservable Liabilities; Annual Report of Total Deposits and
Reservable Liabilities.
Agency form numbers: FR 2910q, FR 2910a.
OMB Control number: 7100-0175.
Frequency: Quarterly, annually.
Reporters: Depository institutions.
Annual reporting hours: 3,896 (FR 2910q), 2,838 (FR 2910a).
Estimated average hours per response: 2.0 (FR 2910q), 0.5 (FR
2910a).
Number of respondents: 487 (FR 2910q), 5,675 (FR 2910a) Small
businesses are affected.
General description of report: This information collection is
mandatory (12 U.S.C. 248(a) and 461) and is given confidential
treatment under the Freedom of Information Act (5 U.S.C. 552(b)(4)).
Abstract: These reports collect information from depository
institutions (other than U.S. branches and agencies of foreign banks
and Edge and agreement corporations) that are fully exempt from reserve
requirements under the Garn-St Germain Depository Institutions Act of
1982. Information provided by these reports is used to construct and
analyze the monetary aggregates and to ensure compliance with
Regulation D--Reserve Requirements of Depository Institutions.
2. Report title: Allocation of Low Reserve Tranche and Reservable
Liabilities Exemption.
Agency form number: FR 2930, FR 2930a.
OMB Control number: 7100-0088.
Frequency: Annually, and on occasion.
Reporters: Depository institutions.
Annual reporting hours: 86.
Estimated average hours per response: 0.25
Number of respondents: 342.
Small businesses are affected.
General description of reports: This information collection is
mandatory (FR 2930: 12 U.S.C. 248(a), 461, 603, and 615; FR 2930a: 12
U.S.C. 248(a) and 461) and is given confidential treatment under the
Freedom of Information Act (5 U.S.C. 552(b)(4)).
Abstract: The FR 2930 and the FR 2930a provide information on the
allocation of the low reserve tranche and reservable liabilities
exemption for depository institutions having offices (or groups of
offices) that submit separate FR 2900 deposits reports. The data
collected on these reports are needed for the calculation of required
reserves.
Board of Governors of the Federal Reserve System, August 11,
1997.
William W. Wiles,
Secretary of the Board.
[FR Doc. 97-21653 Filed 8-14-97; 8:45 am]
BILLING CODE 6210-01-P
