[Federal Register Volume 59, Number 131 (Monday, July 11, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-16640]


[[Page Unknown]]

[Federal Register: July 11, 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, 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. Secs. 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. Sec. 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. Secs. 248(a), 263, 335, 3101, 3102, and 3105] and is given 
confidential treatment [5 U.S.C. Sec. 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. Secs. 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. Sec. 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. Sec. 1828(c)]. Parts may be given confidential treatment at the 
applicant's request [5 U.S.C. Sec. 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).
    Final approval under OMB delegated authority of the extension, 
without revisions, 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. Sec. 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. Sec. 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. Sec. 1844] and is not given confidential treatment; however, 
parts may be given confidential treatment at the applicant's request [5 
U.S.C. Secs. 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. Sec. 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. Sec. 1828(c)] and is given confidential treatment [5 U.S.C. 
Secs. 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. Secs. 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. Sec. 1844 4(c)]. Individual respondent data are 
available to the public except any portions granted confidential 
treatment at applicant request [5 U.S.C. Sec. 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. Sec. 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, July 1, 1994.
William W. Wiles,
Secretary of the Board.
[FR Doc. 94-16640 Filed 7-8-94; 8:45 am]
BILLING CODE 6210-01-P