[Federal Register Volume 59, Number 13 (Thursday, January 20, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-1316]


[[Page Unknown]]

[Federal Register: January 20, 1994]


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FEDERAL RESERVE SYSTEM
 

Agency Forms under Review

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 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 February 3, 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 9:00 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: Gary Waxman, Office of Information and 
Regulatory Affairs, Office of Management and Budget, New Executive 
Office Building, Room 3208, Washington, D.C. 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 (TDD), 
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, 
without revision, of the following report(s):

1. Report title: HMDA/Loan Application Register
Agency form number: HMDA/LAR
OMB Docket number: 7100-0247
Frequency: Annual
Reporters: Depository institutions and other lenders covered by the 
Federal Reserve Board's Regulation C
Annual reporting hours: 114,840
Estimated average hours per response: 200 for state member banks; 160 
for mortgage banking subsidiaries
Number of respondents: 507 state member banks; 84 mortgage banking 
subsidiaries
Small businesses are not affected.
General description of report: This information collection is mandatory 
(12 U.S.C. 280-2810; 12 CFR part 203) and is not given confidential 
treatment.
SUMMARY: The Federal Reserve Board's Regulation C implements HMDA; it 
requires depository institutions and other covered lenders to report 
information each year that shows a geographic breakdown of their 
residential mortgage applications, and loans made and purchased.
2. Report title: The Quarterly Gasoline Company Report
Agency form number: FR 2580
OMB Docket number: 7100-0009
Frequency: Quarterly
Reporters: Gasoline Companies
Annual reporting hours: 6
Estimated average hours per response: 0.15
Number of respondents: 10
Small businesses are not affected.
General description of report: This information collection is voluntary 
(12 U.S.C. 263, 461, and 353 et seq.) and is given confidential 
treatment under the Freedom of Information Act (5 U.S.C. 552 (b)(4)).
SUMMARY: This report is used to collect information on outstanding 
balances on retail credit card accounts at gasoline companies.

Proposal to approve under OMB delegated authority the extension, 
with revision, of the following report(s):

1. Report title: The Monthly Commercial Bank Report on Consumer Credit
Agency form number: FR 2571
OMB Docket number: 7100-0080
Frequency: Monthly
Reporters: Commercial banks
Annual reporting hours: 2,880
Estimated average hours per response: 0.6
Number of respondents: 400
Small businesses are not affected.
General description of report: This information collection is voluntary 
(12 U.S.C. 255(a) and 248(a)(2)) and is given confidential treatment 
under the Freedom of Information Act (5 U.S.C. 552(b)(4)).
SUMMARY: This report is used to collect information on consumer loans 
outstanding at the domestic offices of a sample of 400 commercial 
banks.
2. Report title: The Quarterly Report of Interest Rates on Selected 
Direct Consumer Installment Loans
Agency form number: FR 2835
OMB Docket number: 7100-0085
Frequency: Quarterly
Reporters: Commercial Banks
Annual reporting hours: 105
Estimated average hours per response: 0.15
Number of respondents: 175
Small businesses are not affected.
General description of report: This information collection is voluntary 
(12 U.S.C. 248(a)(2)) and is not given confidential treatment.
SUMMARY: This report collects the ``most common'' rate charged at a 
sample of 175 commercial banks on two types of consumer loans: auto 
loans and closed-end personal loans.

Proposal to approve under OMB delegated authority the 
implementation of the following report:

1. Report title: The Quarterly Report of Credit Card Interest Rates
Agency form number: FR 2835a
OMB Docket number: 7100-0085
Frequency: Quarterly
Reporters: Commercial banks
Annual reporting hours: 300
Estimated average hours per response: .50
Number of respondents: 150
Small businesses are not affected.
General description of report: This information collection is voluntary 
(12 U.S.C. 248(a)(2)) and is given confidential treatment under the 
Freedom of Information Act (5 U.S.C. 552(b)(4)).
SUMMARY: This new report would collect information on two measures of 
credit card interest rates from a sample of 150 commercial banks. The 
data would be viewed as representative of interest rates at all banks 
by including all large issuers and an appropriate sampling of other 
issuers.

    Board of Governors of the Federal Reserve System, Janaury 13, 
1994.
William W. Wiles,
Secretary of the Board.
[FR Doc. 94-1316 Filed 1-19-94; 8:45 am]
BILLING CODE 6210-01-F