94-23963. Agency Forms Under Review

[Federal Register Volume 59, Number 187 (Wednesday, September 28, 1994)]
[Unknown Section]
[Page ]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-23963]


[Federal Register: September 28, 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, D.C. 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, D.C. 20503 (202-395-7340)

    Final approval under OMB delegated authority of the extension 
without revision of the following report(s):
    1. Report title: Weekly and Monthly Money Market Mutual Fund Asset 
Reports.

Agency form number: FR 2051a, b, c, and d
OMB Docket number: 7100-0012
Frequency: Weekly and Monthly
Reporters: Money market mutual funds
Annual reporting hours: 6,027
Estimated average hours per response: 0.05 (each for FR 2051a and FR 
2051d); 0.25 (FR 2051b); 0.15 (FR 2051c)
Number of respondents: 1000 (each for FR 2051a and FR 2051b); 52 (FR 
2051c); 8 (FR 2051d).

Small businesses are affected.
    General description of report: This information collection is 
voluntary [12 U.S.C. 353 et seq.] and is given confidential treatment 
[5 U.S.C. 552(b)(4)].
SUMMARY: These reports provide information on the assets of money 
market mutual funds which the Federal Reserve System uses in the 
construction of the monetary aggregates.
    Final approval under OMB delegated authority of the extension with 
revision of the following report(s):
    1. Report title: Monthly Survey of Selected Deposits and the Annual 
Supplement to the Monthly Survey of Selected Deposits.

Agency form number: FR 2042 and FR 2042a
OMB Docket number: 7100-0066
Frequency: Monthly and annually
Reporters: Commercial and savings banks
Annual reporting hours: 6,825
Estimated average hours per response: 1.00
Number of respondents: 525

Small businesses are affected.
    General description of report: This information collection is 
voluntary [12 U.S.C. Sec. 248(a)(2)]. The individual respondent data on 
amounts outstanding and on interest expense for the various deposit 
categories are given confidential treatment [5 U.S.C. Sec. 552(b)(4)]. 
Data on interest rates paid on deposits are made available to the 
public on request.

SUMMARY: The reports collect detailed information on amounts, offering 
rates, interest expense, and fees on various types of retail deposits 
from a stratified sample of BIF-insured commercial and savings banks. 
The revisions are designed in part to make the data collected more 
accurately reflect deposit pricing. In addition, other changes 
eliminate items no longer deemed necessary to conducting monetary 
policy. The Federal Reserve uses data from the FR 2042 and FR 2042a in 
a number of ways, including construction and interpretation of the 
monetary aggregates, measuring elasticities in money demand equations, 
and assessing the changing behavior of banks in pricing deposit 
accounts.

    Board of Governors of the Federal Reserve System, September 22, 
1994.
William W. Wiles,
Secretary of the Board.
[FR Doc. 94-23963 Filed 9-27-94; 8:45 am]
BILLING CODE 6210-01-P