[Federal Register Volume 59, Number 157 (Tuesday, August 16, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-19988]


[[Page Unknown]]

[Federal Register: August 16, 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, DC 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, DC 20503 (202-395-7340).
    Final approval under OMB delegated authority of 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. 248(a), 461, 
603, 615, and 1305(b)(2)] and is given confidential treatment [5 U.S.C. 
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.
    Final approval under OMB delegated authority of 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   
                Report                     number of      average hours 
                                          respondents      per response 
------------------------------------------------------------------------
FR 2910q..............................              534             2.00
FR 2910a..............................            5,843             .50 
------------------------------------------------------------------------
Small businesses are affected.                                          

General Description of Reports

    This information collection is mandatory [12 U.S.C. 248(a) and 461] 
and is given confidential treatment [5 U.S.C. 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 [FR 2930: 12 U.S.C. 248(a), 461, 603, and 615; FR 2930a: 12 
U.S.C. 248(a) and 461] and is given confidential treatment [5 U.S.C. 
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.

    Board of Governors of the Federal Reserve System, August 10, 
1994.
William W. Wiles,
Secretary of the Board.
[FR Doc 94-19988 Filed 8-15-94; 8:45am]
BILLING CODE 6210-01-P