[Federal Register Volume 59, Number 157 (Tuesday, August 16, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-19988]
[[Page Unknown]]
[Federal Register: August 16, 1994]
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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, DC 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, DC 20503 (202-395-7340).
Final approval under OMB delegated authority of the extension with
revisions, of the following reports:
1. Report title: Report of Transaction Accounts, Other Deposits and
Vault Cash; Reports of Certain Eurocurrency Transactions; and Advance
Reports of Deposits.
Agency form number: FR 2900; FR 2950/51; and FR 2000/2001.
OMB Docket number: 7100-0087.
Frequency: Weekly, Quarterly, Daily--dependent upon request.
Reporters: Depository institutions.
Annual reporting hours: 1,767,743.
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Estimated number of Estimated hours per
Report respondents response
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FR 2900........... 8,764 (weekly) 1 to 12 (3.50 avg.)
4,934 (quarterly) 1 to 12 (3.50 avg.)
FR 2950/2951...... 693 (weekly) .2 to 5 (1.00 avg.)
1 (quarterly) .2 to 5 (1.00 avg.)
FR 2000........... 186 .3 to 2.4 (.84 avg.)
FR 2001........... 540 .3 to 3 (.96 avg.)
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Small businesses are affected.
General Description of Report
This information collection is mandatory [12 U.S.C. 248(a), 461,
603, 615, and 1305(b)(2)] and is given confidential treatment [5 U.S.C.
552b(4)].
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 commercial banks on a daily basis (FR 2000) and on a weekly
basis (FR 2001). The Federal Reserve proposes that the single deposit
cutoff ($44.8 million) (and one of two determinants of deposits
reporting category) be replaced by two separate deposit cutoffs ($44.8
million and $55.0 million). The higher cutoff would be applied to
nonexempt reporters, resulting in a shift of over 1,000 reporters from
weekly to quarterly FR 2900 reporting and a significant reduction in
annual reporting burden. The lower cutoff would continue to apply to
fully-exempt institutions (see Item 1 below). In the future, both
cutoffs would be indexed annually. Also, the Federal Reserve proposes
to broaden the entity coverage of the daily FR 2000 to include large
thrift institutions, and recommends that eighteen thrifts be added to
the reporting panel. No revisions to the content of any of the reports
are proposed. 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
without revisions, of the following reports:
1. Report title: Quarterly Report of Selected Deposits, Vault Cash
and Reservable Liabilities; and Annual Report of Total Deposits and
Reservable Liabilities.
Agency form number: FR 2910q; FR 2910a.
OMB Docket number: 7100-0175.
Frequency: Quarterly; Annually.
Reporters: Depository institutions.
Annual reporting hours: 7,194.
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Estimated Estimated
Report number of average hours
respondents per response
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FR 2910q.............................. 534 2.00
FR 2910a.............................. 5,843 .50
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Small businesses are affected.
General Description of Reports
This information collection is mandatory [12 U.S.C. 248(a) and 461]
and is given confidential treatment [5 U.S.C. 552b(4)].
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. No changes are
proposed for these reports.
2. Report title: Allocation of Low Reserve Tranche and Reservable
Liabilities Exemption.
Agency form number: FR 2930; FR 2930a.
OMB Docket number: 7100-0088.
Frequency: Annually, and on occasion.
Reporters: Depository institutions.
Annual reporting hours: 126.
Estimated average hours per response: .25.
Estimated number of respondents: 502.
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 [5 U.S.C.
552b(4)].
This report provides 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 by these reports are
needed for the calculation of required reserves. No changes are
proposed for these reports.
Board of Governors of the Federal Reserve System, August 10,
1994.
William W. Wiles,
Secretary of the Board.
[FR Doc 94-19988 Filed 8-15-94; 8:45am]
BILLING CODE 6210-01-P
