[Federal Register Volume 59, Number 247 (Tuesday, December 27, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-31714]


[[Page Unknown]]

[Federal Register: December 27, 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 OMB 83I 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 January 11, 1995.

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 a.m. and 5 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 (OMB 83I), 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, D.C. 20551. For 
the hearing impaired only, Telecommunications Device for the Deaf (TDD) 
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, 
with revisions, of the following reports:
1. Report title: Report of Foreign (Non-U.S.) Currency Deposits
    Agency form number: FR 2915.
    OMB Docket number: 7100-0237.
    Frequency: Quarterly.
    Reporters: Depository institutions.
    Annual reporting hours: 418.
    Estimated average hours per response: 0.50.
    Number of respondents: 209.
    Small businesses are affected.
    General description of report: This information collection is 
required [12 U.S.C. Sec. 248(a)] and is given confidential treatment [5 
U.S.C. Sec. 552(b)(4)].
    Abstract: The FR 2915 reporting form collects weekly averages of 
the amounts outstanding for foreign (non-U.S.) currency deposits held 
at U.S. offices of depository institutions, converted to U.S. dollars 
and included in the FR 2900 (OMB No. 7100-0087), the principal deposits 
report that is used for the calculation of required reserves and for 
construction of the monetary and reserves aggregates. Foreign currency 
deposits are subject to reserve requirements and, therefore, are 
included in the FR 2900. However, foreign currency deposits are not 
included in the monetary aggregates. The FR 2915 data are used to back 
foreign currency deposits out of the FR 2900 data for construction of 
the monetary aggregates. The FR 2915 data also are used to monitor the 
volume of foreign-currency deposits.
    The Federal Reserve proposes to reduce the reporting frequency for 
current monthly reporters to quarterly. The proposed revision would 
reduce the annual reporting burden for this report by 66 percent.
2. Report title: Financial Statements for a Bank Holding Company 
Subsidiary Engaged in Bank-Ineligible Securities Underwriting and 
Dealing
    Agency form number: FR Y-20.
    OMB Docket number: 7100-0248.
    Frequency: Quarterly.
    Reporters: Bank Holding Companies.
    Annual reporting hours: 1,519.
    Estimated average hours per response: 12.25.
    Number of respondents: 31.
    Small businesses are not affected.
    General description of report: This information collection is 
mandatory to obtain or retain a benefit [12 U.S.C. 1844(b) and (c)] and 
is given confidential treatment [5 U.S.C. 552(b)(4)].
    Abstract: This report is filed by bank holding companies that have 
received the Board's approval by Order to engage in limited 
underwriting and dealing in securities of a type which a bank may not 
underwrite or deal in directly. The report consists of a balance sheet, 
statement of income, supporting schedules for securities owned, and a 
statement of changes in stockholders' equity. In addition, there are 
several memoranda items which collect information on intercompany 
liabilities and off-balance sheet items, and information that is needed 
for an alternative measure of indexed-revenue. The proposed minor 
change, to become effective as of December 31, 1994, involves the 
addition of memoranda items on the income statement to collect year-to-
date gross income, total expenses, and net income.

    By order of the Board of Governors of the Federal Reserve 
System, December 20, 1994.
William W. Wiles,
Secretary of the Board.
[FR Doc. 94-31714 Filed 12-23-94; 8:45 am]
BILLING CODE 6210-01-P