[Federal Register Volume 62, Number 62 (Tuesday, April 1, 1997)]
[Notices]
[Pages 15517-15518]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-8221]


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FEDERAL RESERVE SYSTEM


Agency Information Collection Activities: Proposed Collection; 
Comment Request

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, as 
per 5 CFR 1320.16, 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 
Appendix A.1. The Federal Reserve may not conduct or sponsor, and the 
respondent is not required to respond to, an information collection 
that has been extended, revised, or implemented on or after October 1, 
1995, unless it displays a currently valid OMB control number. Board-
approved collections of information will be incorporated into the 
official OMB inventory of currently approved collections of 
information. A copy of the OMB 83-I and supporting statement and the 
approved collection of information instrument will be placed into OMB's 
public docket files. The following information collections, 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. Comments 
are invited on the following:
    a. Whether the proposed collection of information is necessary for 
the proper performance of the Federal Reserve's functions; including 
whether the information has practical utility;
    b. The accuracy of the Federal Reserve's estimate of the burden of 
the proposed information collection, including the validity of the 
methodology and assumptions used;
    c. Ways to enhance the quality, utility, and clarity of the 
information to be collected; and d. ways to minimize the burden of 
information collection on respondents, including through the use of 
automated collection techniques or other forms of information 
technology.
DATES: Comments must be submitted on or before June 2, 1997.
ADDRESSES: Comments, which should refer to the OMB control number or 
agency form number, should be addressed to William W. Wiles, Secretary, 
Board of Governors of the Federal Reserve System, 20th and C Streets, 
N.W., 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, N.W. Comments received may be 
inspected in room M-P-500 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: Alexander T. Hunt, 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 and 
instructions, the Paperwork Reduction Act Submission (OMB 83-I), 
supporting statement, 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, Chief, Financial Reports Section (202-452-
3829), Division of Research and Statistics, Board of Governors of the 
Federal Reserve System, Washington, DC 20551. Telecommunications Device 
for the Deaf (TDD) users may contact Diane Jenkins (202-452-3544), 
Board of Governors of

[[Page 15518]]

the Federal Reserve System, Washington, DC 20551.
    Proposal to approve under OMB delegated authority the extension for 
three years, with revision, the following report:

    1. Report title: Consolidated Report of Condition and Income for 
Edge and Agreement Corporations
Agency form number: FR 2886b
OMB control number: 7100-0086
Frequency: Quarterly
Reporters: Edge and agreement corporations
Annual reporting hours: 3,619
Estimated average hours per response: 11.6
Number of respondents: 39 banking corporations, 39 investment 
corporations
Small business are not affected.
    General description of report: This information collection is 
mandatory (12 U.S.C. 602 and 625) and is given confidential treatment 
(5 U.S.C. 552(b)(4)).
    Abstract: This report collects balance sheet and income data from 
Edge and agreement corporations. Information collected on the FR 2886b 
is used to help plan and target the scope of examinations of Edge 
corporations and to evaluate applications. Data from the FR 2886b are 
also used to monitor aggregate institutional trends, such as growth in 
assets and the number of offices, changes in leverage, and the types 
and locations of customers. The significant revisions to the report 
consist of changing reporting to a fully consolidated basis, instead of 
the consolidation of only branch operations; collecting new information 
on mutual funds and annuity sales; adding two line items: ``Trading 
assets'' and ``Trading liabilities;'' changing the reporting of current 
items ``Claims on affiliates'' and ``Liabilities to affiliates'' from a 
net to a gross basis; revising the reporting of securities, income and 
expenses, changes in capital reserve accounts, and off-balance-sheet 
items to be more consistent with the collection of similar data on the 
Report of Condition for Foreign Subsidiaries of U.S. Banking 
Organizations (FR 2314; OMB No. 7100-0073); revising ``Claims on and 
Liabilities to Affiliates'' to include related U.S. banks other than 
the parent bank; revising ``Past Due and Nonaccrual Loans and Lease 
Financing Receivables'' to include past due information on other 
assets; and exempting nonbanking Edge corporations from reporting seven 
supporting schedules.
    Proposal to approve under OMB delegated authority the extension for 
three years, without revision, of the following reports:

    1. Report title: Senior Loan Officer Opinion Survey on Bank Lending 
Practices
Agency form number: FR 2018
OMB control number: 7100-0058
Frequency: Up to six times per year
Reporters: Large U.S. commercial banks and large U.S. branches and 
agencies of foreign banks
Annual reporting hours: 1,008
Estimated average hours per response: 2.0
Number of respondents: 84
Small businesses are not affected.
    General description of report: This information collection is 
voluntary (12 U.S.C. 248(a), 324, 335, 3101, 3102, and 3105) and is 
given confidential treatment (5 U.S.C. 552(b)(4)).
    Abstract: The FR 2018 is conducted generally by means of telephone 
interview by a Federal Reserve Bank officer having indepth knowledge of 
the area of bank lending practices, with a senior loan officer at each 
respondent bank. The reporting panel consists of sixty large 
domestically chartered commercial banks, distributed fairly evenly 
across Federal Reserve Districts, and twenty-four large U.S. branches 
and agencies of foreign banks. The survey seeks primarily qualitative 
information pertaining not only to current price and flow developments 
but also to evolving techniques and practices in banking. A significant 
fraction of the questions in each survey consists of unique questions 
on topics of timely interest. There is the option to survey other types 
of respondents (such as other depository institutions, bank holding 
companies, or corporations) should the need arise. The FR 2018 is a 
very important tool for monitoring and understanding the evolution of 
lending practices at banks and developments in credit markets 
generally.

    2. Report title: Senior Financial Officer Survey
Agency form number: FR 2023
OMB control number: 7100-0223
Frequency: Up to four times per year
Reporters: Commercial banks, other depository institutions, 
corporations or large money-stock holders
Annual reporting hours: 240
Estimated average hours per response: 1.0
Number of respondents: 60
Small businesses are not affected.
    General description of report: This information collection is 
voluntary (12 U.S.C. 225a, 248(a), and 263); confidentiality will be 
determined on a case-by-case basis.
    Abstract: The FR 2023 requests qualitative and limited quantitative 
information about liability management and the provision of financial 
services from a selection of sixty large commercial banks or, if 
appropriate, from other depository institutions of corporations. 
Responses are obtained from a senior officer at each participating 
institution through a telephone interview conducted by Federal Reserve 
Bank or Board staff. The survey is conducted when major informational 
needs arise that cannot be met from existing data sources. The survey 
does not have a fixed set of questions; each survey consists of a 
limited number of questions directed at topics of timely interest.
    Board of Governors of the Federal Reserve System, March 27, 1997
Jennifer J. Johnson,
Deputy Secretary of the Board.
[FR Doc. 97-8221 Filed 3-31-97; 8:45AM]
Billing Code 6210-01-M