[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