[Federal Register Volume 59, Number 156 (Monday, August 15, 1994)] [Unknown Section] [Page 0] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 94-19871] [[Page Unknown]] [Federal Register: August 15, 1994] ======================================================================= ----------------------------------------------------------------------- FEDERAL RESERVE SYSTEM Agency Forms Under Review AGENCY: Board of Governors of the Federal Reserve System. ACTION: Notice. ----------------------------------------------------------------------- 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 September 14, 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, 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 without revision of the following report(s): 1. Report title: Weekly and Monthly Money Market Mutual Fund Asset Reports. Agency form number: FR 2051a, b, c, and d. OMB Docket number: 7100-0012. Frequency: Weekly and Monthly. Reporters: Money market mutual funds. Annual reporting hours: 6,027. Estimated average hours per response: 0.05 (each for FR 2051a and FR 2051d); 0.25 (FR 2051b); 0.15 (FR 2051c). Number of respondents: 1000 (each for FR 2051a and FR 2051b); 52 (FR 2051c); 8 (FR 2051d). Small businesses are affected. General description of report: This information collection is voluntary [12 U.S.C. Secs. 353 et seq.] and is given confidential treatment [5 U.S.C. Sec. 552(b)(4)]. SUMMARY: These reports provide information on the assets of money market mutual funds which the Federal Reserve System uses in the construction of the monetary aggregates. Proposal to approve under OMB delegated authority the extension with revision of the following report(s): 1. Report title: Monthly Survey of Selected Deposits and the Annual Supplement to the Monthly Survey of Selected Deposits. Agency form number: FR 2042 and FR 2042a. OMB Docket number: 7100-0066. Frequency: Monthly and annually. Reporters: Commercial and savings banks. Annual reporting hours: 6,825. Estimated average hours per response: 1.00. Number of respondents: 525. Small businesses are affected. General description of report: This information collection is voluntary [12 U.S.C. Sec. 248(a)(2)]. The individual respondent data on amounts outstanding and on interest expense for the various deposit categories are given confidential treatment [5 U.S.C. Sec. 552(b)(4)]. Data on interest rates paid on deposits are made available to the public on request. SUMMARY: The reports collect detailed information on amounts, offering rates, interest expense, and fees on various types of retail deposits from a stratified sample of BIF-insured commercial and savings banks. The proposed revisions are designed in part to make the data collected more accurately reflect deposit pricing. In addition, other changes are proposed to eliminate items no longer deemed necessary to conducting monetary policy. The Federal Reserve uses data from the FR 2042 and FR 2042a in a number of ways, including construction and interpretation of the monetary aggregates, measuring elasticities in money demand equations, and assessing the changing behavior of banks in pricing deposit accounts. Board of Governors of the Federal Reserve System, August 9, 1994. William W. Wiles, Secretary of the Board. [FR Doc. 94-19871 Filed 8-12-94; 8:45 am] BILLING CODE 6210-01-P