[Federal Register Volume 64, Number 208 (Thursday, October 28, 1999)]
[Notices]
[Page 58065]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-28119]


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FEDERAL RESERVE SYSTEM


Agency Information Collection Activities: Proposed Collection; 
Comment Request

AGENCY: Board of Governors of the Federal Reserve System
SUMMARY
    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. Board-approved collections of information are 
incorporated into the official OMB inventory of currently approved 
collections of information. Copies of the OMB 83-Is and supporting 
statements and approved collection of information instruments are 
placed into OMB's public docket files. 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.
    Request for comment on information collection proposal.
    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 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.
DATE: Comments must be submitted on or before December 27, 1999.
ADDRESSES: Comments, which should refer to the OMB control number or 
agency form number, should be addressed to Jennifer J. Johnson, 
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 261.14 of the Board's Rules Regarding Availability 
of Information, 12 CFR 261.14(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. West, 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, without revision, of the following report:
    1. Report title: Survey of Terms of Bank Lending
    Agency form number: FR 2028A, FR 2028B, and FR 2028S.
    OMB control number: 7100-0061.
    Frequency: Quarterly.
    Reporters: commercial banks (all three reports) and U.S. branches 
and agencies of foreign banks (FR 2028A and FR 2028S).
    Annual reporting hours: 8,095.
    Estimated average hours per response: FR 2028A: 4.0; FR 2028B: 1.5; 
and FR 2028S: 0.1.
    Number of respondents: FR 2028A: 398; FR 2028B: 250; and FR 2028S: 
567.
Small businesses are affected.
    This information collection is voluntary (12 U.S.C. Sec.  
248(a)(2)) and is given confidential treatment (5 U.S.C. Sec.  
552(b)(4)).
    Abstract: The Survey of Terms of Bank Lending provides unique 
information concerning the price and certain nonprice terms of loans 
made to businesses and farmers by commercial banks. The reports are 
completed for the first full business week of the mid-month of each 
quarter (February, May, August, and November). The FR 2028A and B 
collect detailed data on individual loans made during the survey week. 
The FR 2028S collects the prime interest rate for each day of the 
survey. From these sample STBL data, estimates of the terms of business 
and farm loans extended during the reporting week at all insured U.S. 
commercial banks are constructed. The estimates for business loans are 
published in the quarterly E.2 release, ``Survey of Terms of Bank 
Lending,'' while estimates for farm loans are published in the 
quarterly E.15 release, ``Agricultural Finance Databook.''

    Board of Governors of the Federal Reserve System, October 22, 
1999.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 99-28119 Filed 10-27-99; 8:45am]
Billing Code 6210-01-F