[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]


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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 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