[Federal Register Volume 62, Number 158 (Friday, August 15, 1997)]
[Notices]
[Pages 43735-43736]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-21653]


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FEDERAL RESERVE SYSTEM


Agency Information Collection Activities: Submission to OMB Under 
Delegated Authority

Background

    Notice is hereby given of the final approval of proposed 
information collections by the Board of Governors of the Federal 
Reserve System (Board) under OMB delegated authority, as per 5 CFR 
1320.16 (OMB Regulations on Controlling Paperwork Burdens on the 
Public). 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.

FOR FURTHER INFORMATION CONTACT:

Chief, Financial Reports Section--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--Alexander T. Hunt--Office of Information and 
Regulatory Affairs, Office of Management and Budget, New Executive 
Office Building, Room 3208, Washington, DC 20503 (202-395-7860).

    Final approval under OMB delegated authority of the extension for 
three years, with revision, of the following reports:
    1. Report titles: Report of Transaction Accounts, Other Deposits 
and Vault Cash; Reports of Certain Eurocurrency Transactions; and 
Advance Reports of Deposits.
    Agency form numbers: FR 2900, FR 2950, FR 2951, FR 2000, and FR 
2001.
    OMB Control number: 7100-0087.
    Effective Date: Reporting week ending September 15, 1997, for FR 
2900 weekly respondents; reporting week ending September 22 ,1997, for 
FR 2900 quarterly respondents.
    Frequency: Weekly, quarterly, daily--dependent upon request.
    Reporters: Depository institutions.
    Annual reporting hours: 1,281,447.

------------------------------------------------------------------------
                                      Estimated                         
                                       average                          
               Report                 hours per   Number of respondents 
                                       response                         
------------------------------------------------------------------------
FR 2900.............................       3.50  6,026 weekly; 5,982    
                                                  quarterly.            
FR 2950/2951........................       1.00  642 weekly; 1          
                                                  quarterly.            
FR 2000.............................       0.84  186.                   
FR 2001.............................       0.96  540.                   
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[[Page 43736]]

    Small businesses are affected.
    General description of report: This information collection is 
mandatory (12 U.S.C. 248(a), 461, 603, 615, and 3105(b)(2)) and is 
given confidential treatment under the Freedom of Information Act (5 
U.S.C. 552(b)(4)).
    Abstract: 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 nonexempt institutions on a daily basis (FR 2000) and on a 
weekly basis (FR 2001). The Federal Reserve has raised the deposit 
cutoff used to determine weekly versus quarterly FR 2900 reporting (the 
``nonexempt deposit cutoff'') above its indexed level of $59.3 million 
to $75.0 million. The higher cutoff will result in a potential shift of 
almost 1,000 reporters from weekly to quarterly FR 2900 reporting and a 
significant reduction in annual reporting burden. No revisions to the 
content of any of the reports have been made. 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 for 
three years, without revision, of the following reports:
    1. Report titles: Quarterly Report of Selected Deposits, Vault Cash 
and Reservable Liabilities; Annual Report of Total Deposits and 
Reservable Liabilities.
    Agency form numbers: FR 2910q, FR 2910a.
    OMB Control number: 7100-0175.
    Frequency: Quarterly, annually.
    Reporters: Depository institutions.
    Annual reporting hours: 3,896 (FR 2910q), 2,838 (FR 2910a).
    Estimated average hours per response: 2.0 (FR 2910q), 0.5 (FR 
2910a).
    Number of respondents: 487 (FR 2910q), 5,675 (FR 2910a) Small 
businesses are affected.
    General description of report: This information collection is 
mandatory (12 U.S.C. 248(a) and 461) and is given confidential 
treatment under the Freedom of Information Act (5 U.S.C. 552(b)(4)).
    Abstract: 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.
    2. Report title: Allocation of Low Reserve Tranche and Reservable 
Liabilities Exemption.
    Agency form number: FR 2930, FR 2930a.
    OMB Control number: 7100-0088.
    Frequency: Annually, and on occasion.
    Reporters: Depository institutions.
    Annual reporting hours: 86.
    Estimated average hours per response: 0.25
    Number of respondents: 342.
    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 under the 
Freedom of Information Act (5 U.S.C. 552(b)(4)).
    Abstract: The FR 2930 and the FR 2930a provide 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 on these reports are needed for the calculation of required 
reserves.

    Board of Governors of the Federal Reserve System, August 11, 
1997.
William W. Wiles,
Secretary of the Board.
[FR Doc. 97-21653 Filed 8-14-97; 8:45 am]
BILLING CODE 6210-01-P