[Federal Register Volume 60, Number 18 (Friday, January 27, 1995)]
[Notices]
[Page 5395]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-2051]



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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, 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 of 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. 248(a)] and is given confidential treatment [5 
U.S.C. 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 revision reduces the reporting frequency for current monthly 
reporters to quarterly, which reduces 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: 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 file the FR Y-20. 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 revision, 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.

    Board of Governors of the Federal Reserve System, January 23, 
1995.
William W. Wiles,
Secretary of the Board.
[FR Doc. 95-2051 Filed 1-26-95; 8:45am]
BILLING CODE 6210-01-F