[Federal Register Volume 62, Number 162 (Thursday, August 21, 1997)]
[Notices]
[Page 44474]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-22122]


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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 a proposed 
information collection 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 report:
    1. Report title: Report of Terms of Credit Card Plans
Agency form number: FR 2572
OMB Control number: 7100-0239
Effective Date: Reporting period ending January 31, 1998
Frequency: Semiannually
Reporters: Financial institutions
Annual reporting hours: 77
Estimated average hours per response: 0.25
Number of respondents: 153
Small businesses are not affected.
    General description of report: This information collection is 
voluntary (15 U.S.C. 1646(b)) and is not given confidential treatment.
    Abstract: The FR 2572 collects data on credit card pricing and 
availability from a sample of at least 150 financial institutions that 
offer credit cards. The information is reported to the Congress and 
made available to the public in order to promote competition within the 
industry. The revisions modify the report instructions to clarify the 
treatment of introductory or teaser rates and modify the reporting form 
to include an option to indicate the availability of such a rate. The 
general instructions now define more explicitly the nature of the 
credit card plan to be reported.
    Board of Governors of the Federal Reserve System, August 14, 
1997.
William W. Wiles,
Secretary of the Board.
[FR Doc. 97-22122 Filed 8-90-97; 8:45 am]
Billing Code 6210-01-F