[Federal Register Volume 62, Number 217 (Monday, November 10, 1997)]
[Notices]
[Pages 60510-60511]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-29519]


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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

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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, 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 collection, which is 
being handled under this delegated authority, has received initial 
Board approval and is 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 revised 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 revised 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.

[[Page 60511]]

DATES: Comments must be submitted on or before [insert date 60 days 
from publication in the Federal Register].
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 the Federal Reserve System, Washington, DC 20551.
    Proposal to approve under OMB delegated authority the extension for 
three years, with revision, of the following report:
    1. Report title: Money Market Mutual Fund Assets Reports
Agency form number: FR 2051a, b, c, and d
OMB control number: 7100-0012
Frequency: weekly and monthly
Reporters: money market mutual funds
Annual reporting hours: 5,580
Estimated average hours per response: 3 minutes (FR 2051a), 12 minutes 
(FR 2051b)
Number of respondents: 1,550 (FR 2051a), 700 (FR 2051b)
Small businesses are affected.
    General description of report: This information collection is 
voluntary (12 U.S.C. 353 et seq.) and is given confidential treatment 
(5 U.S.C. 552(b)(4)).
    Abstract: These reports provide information on the assets of money 
market mutual funds which the Federal Reserve System uses in the 
construction of the monetary aggregates and for current analysis of 
money market conditions and banking developments.
    The Federal Reserve proposes to reduce and simplify this 
information collection. While the weekly FR 2051a would remain 
unchanged, the monthly FR 2051b report would be reduced by condensing 
six items into three. The weekly FR 2051c and d reports would be 
discontinued. The proposed revisions would reduce annual respondent 
burden for this family of reports from 6,405 hours to 5,580 hours, or 
by 13 percent.
    Board of Governors of the Federal Reserve System, November 4, 
1997.
William W. Wiles,
Secretary of the Board.
[FR Doc. 97-29519 Filed 11-7-97; 8:45 am]
BILLING CODE 6210-01-F