[Federal Register Volume 59, Number 137 (Tuesday, July 19, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-17492]


[[Page Unknown]]

[Federal Register: July 19, 1994]


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FEDERAL EMERGENCY MANAGEMENT AGENCY
 

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 the Extension, with 
Revision, of the Following Report(s)

    1. Report title: Government Securities Dealers Reports
    Agency form number: FR 2004A, B, C, and WI
    OMB Docket number: 7100-0003
    Frequency: Weekly and on occasion
    Reporters: Primary dealers in U.S. government securities
    Annual reporting hours: 11,544
    Estimated average hours per response: 1
    Number of respondents: 39

    Small businesses are not affected.
    General description of report: This information collection is 
voluntary [12 U.S.C. Secs. 248(a)(2), 353-359a, and 461] and is given 
confidential treatment [5 U.S.C. Sec. 552(b)(4)].
    This group of reports (the ``FR 2004 series'') is used to collect 
data on positions, transactions and financing activity from U.S. 
government securities dealers. Data needs with respect to the FR 2004 
series have changed in light of the Joint Report on the Government 
Securities Market submitted to the Congress in January 1992 by the 
Federal Reserve, the U.S. Treasury Department, and the Securities and 
Exchange Commission. Based on that report, significant changes to the 
FR 2004 series of reports have been recommended. A summary of those 
changes follows.
    For the Weekly Report of Dealer Positions (FR 2004A):
     Money market instruments and the addendum section are 
eliminated.
     Pass-through mortgage-backed securities and all other 
mortgage-backed securities are combined into one category.
     Federal agency securities are combined into one maturity 
category and two maturity categories of Treasury securities are 
eliminated.
     Option positions are reduced to long and short categories 
rather than purchased and sold calls, purchased and sold puts.
     Forward positions are reported with immediate positions 
under the title ``outright positions''.
    For the Weekly Report of Cumulative Transactions (FR 2004B):
     The addendum section is eliminated and the Treasury, 
agency and mortgage-backed categories are abbreviated as on the 
proposed revised FR 2004A.
     ``Buys'' and ``Sells'' categories are combined.
     Primary Dealers are combined with ``customers'' (now 
called ``with others'') rather than brokers, and the ``all other'' 
category is eliminated.
     Forward transactions are reported with immediate positions 
under the title ``outright transactions''.
    For the Weekly Report of Dealer Financing (FR 2004C):
     Customer categories are eliminated
     Term agreements are reduced to one category
     The categories ``cash collateral'' and ``securities and 
LC's'' are eliminated and replaced by securities received as pledge or 
pledged.
     Fails are condensed on the proposed report.
    For the Daily Report of Dealer Positions in Treasury Financings (FR 
2004WI):
     Gross long and short positions are replaced by purchases 
and sales.
     Net financing commitments are added.
    For the new Report of Specific Issues (FR 2004SI):
     This is an entirely new report that is similar to the 
addendum sections of the current FR 2004A and B, except that it 
incorporates financing and fails. It is designed to collect information 
on specific Treasury securities for market surveillance purposes. It 
will be collected weekly on a routine basis. Also, the Federal Reserve 
will have the authority to call for reporting of any issue daily, on an 
as-needed basis.
    For the Report of Suggested Evidence of Accuracy (FR 2004B.1):
     Eliminated.

    By order of the Board of Governors of the Federal Reserve 
System, July 13, 1994.
William W. Wiles,
Secretary of the Board.
[FR Doc. 94-17492 Filed 7-18-94; 8:45 am]
BILLING CODE 6210-01-P