[Federal Register Volume 59, Number 126 (Friday, July 1, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-16028]


[[Page Unknown]]

[Federal Register: July 1, 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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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 August 1, 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: 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, D.C. 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, D.C. 20551. Proposal to approve under OMB 
delegated authority 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 

------------------------------------------------------------------------
                          Estimated Number of      Estimated Hours Per  
        Report                Respondents                Response       
------------------------------------------------------------------------
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.)     
------------------------------------------------------------------------


    Small businesses are affected.
    General description of report: This information collection is 
mandatory [12 U.S.C. Secs. 248(a), 461, 603, 615, and 1305(b)(2)] and 
is given confidential treatment [5 U.S.C. Sec. 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.

Proposal to approve under OMB delegated authority 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.

------------------------------------------------------------------------
                                                              Estimated 
                                                 Estimated     Average  
                    Report                       Number of    Hours Per 
                                                respondents   Response  
------------------------------------------------------------------------
FR 2910q......................................          534         2.00
FR 2910a......................................        6,377          .50
------------------------------------------------------------------------


    Small businesses are affected.
    General description of reports: This information collection is 
mandatory [12 U.S.C. Secs. 248(a) and 461] and is given confidential 
treatment [5 U.S.C. Sec. 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 [12 U.S.C. Secs. 248(a) and 461] and is given confidential 
treatment [5 U.S.C. Sec. 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.

    By order of the Board of Governors of the Federal Reserve 
System, June 27, 1994.
William W. Wiles,
Secretary of the Board.
[FR Doc. 94-16028 Filed 6-30-94; 8:45 am]
BILLING CODE 6210-01-P