[Federal Register Volume 65, Number 58 (Friday, March 24, 2000)]
[Notices]
[Pages 15908-15910]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-7269]


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FEDERAL RESERVE SYSTEM


Agency Information Collection Activities: Announcement of Board 
Approval Under Delegated Authority and Submission to OMB

SUMMARY:

Background

    Notice is hereby given of the final approval of proposed 
information collection(s) 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). 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 instrument(s) 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.

FOR FURTHER INFORMATION CONTACT: Chief, Financial Reports Section--Mary 
M. West--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, Without Revision, of the Following Reports

    1. Report title: Interagency Notice of Change in Control, 
Interagency Notice of Change in Director or Senior Executive Officer, 
and Interagency Biographical and Financial Report.

[[Page 15909]]

    Agency form numbers: FR 2081a, FR 2081b, and FR 2081c.
    OMB control number: 7100-0134.
    Frequency: On occasion.
    Reporters: Financial institutions and certain of their officers and 
shareholders.
    Annual reporting hours: Interagency Notice of Change in Control--
4,800 hours; Interagency Notice of Change in Director or Senior 
Executive Officer--150 hours; Interagency Biographical and Financial 
Report--5,100 hours; Total--10,050 hours.
    Estimated average hours per response: Interagency Notice of Change 
in Control--30 hours; Interagency Notice of Change in Director or 
Senior Executive Officer--2 hours; Interagency Biographical and 
Financial Report--4 hours.
    Number of respondents: Interagency Notice of Change in Control--
160; Interagency Notice of Change in Director or Senior Executive 
Officer--75; Interagency Biographical and Financial Report--1,275. 
Small businesses are affected.
    General description of report: This information collection is 
mandatory (12 U.S.C. 1817(j) and 12 U.S.C. 1831(i)) and is not given 
confidential treatment.
    Abstract: In 1996 a Federal Financial Institutions Examination 
Council task force adapted, reformatted, and retitled the three 
reports, pursuant to the Riegle Community Development and Regulatory 
Improvement Act of 1994. The Federal Reserve uses the biographical 
portions of the collections to evaluate the competence, experience, 
character, and integrity of persons proposed as organizers, senior 
executive officers, directors, or principal shareholders. The financial 
portion is used to evaluate the financial ability of persons proposed 
as organizers, senior executive officers, directors, or principal 
shareholders. The reports are also used to allow or disapprove proposed 
acquisitions. The reporting forms allow applicants greater efficiency 
in the interagency application process including eliminating 
duplicative filings.

Final Approval Under OMB Delegated Authority of the Extension for 
Three Years, With Minor Revisions, of the Following Reports

    1. Report title: The Weekly Report of Eurodollar Liabilities Held 
by Selected U.S. Addressees at Foreign Offices of U.S. Banks.
    Agency form number: FR 2050.
    OMB control number: 7100-0068.
    Frequency: Weekly.
    Reporters: Foreign branches and banking subsidiaries of U.S. 
depository institutions.
    Annual reporting hours: 2,236 burden hours.
    Estimated average hours per response: 1.0 hour.
    Number of respondents: 43. Small businesses are not affected.
    General description of report: This information collection is 
voluntary (12 U.S.C.Secs. 248(a)(2), 353 et seq., 461, 602, and 625). 
Individual respondents data are confidential under section (b)(4) of 
the Freedom of Information Act (5 U.S.C. 552(b)(4)).
    Abstract: The report collects data on Eurodollar deposits payable 
to nonbank U.S. addressees from foreign branches and subsidiaries of 
U.S. commercial banks and Edge and agreement corporations. The data are 
used for the construction of the Eurodollar component of the monetary 
aggregates and for analysis of banks' liability management practices.
    Current Actions: The Federal Reserve will raise the reporting 
cutoff from a weekly average of $350 million to $500 million in 
Eurodollar liabilities.
    2. Report title: The Quarterly Report of Assets and Liabilities of 
Large Foreign Offices of U.S. Banks.
    Agency form number: FR 2502q.
    OMB control number: 7100-0079.
    Frequency: Quarterly.
    Reporters: Large foreign branches and banking subsidiaries of U.S. 
depository institutions.
    Annual reporting hours: 13,132 hours.
    Estimated average hours per response: 3.5 hours.
    Number of respondents: 938. Small businesses are not affected.
    General description of report: This information collection is 
required (12 U.S.C.Secs. 248(a)(2), 353 et seq., 461, 602, and 625) and 
is given confidential treatment (5 U.S.C. 552(b)(4)).
    Abstract: The report collects gross assets and liability positions 
from foreign branches and subsidiaries of U.S. commercial banks and 
Edge and agreement corporations vis-a-vis individual countries. A 
separate schedule collects information on Eurodollar liabilities 
payable to certain U.S. addressees.
    Current Actions: The Federal Reserve will add the European Central 
Bank to the country list. In addition, the instructions will be 
clarified to say that U.S. banks report only for subsidiaries that have 
a banking charter and are engaged in banking business.

Final Approval Under OMB Delegated Authority to Conduct, Without 
Revision, the Following Report

    1. Report title: The Quinquennial Finance Company Questionnaire and 
Survey.
    Agency form number: FR 3033p/s.
    OMB control number: 7100-0277.
    Frequency: One-time.
    Reporters: Domestic finance companies.
    Annual reporting hours: Questionnaire, 750 hours; Survey, 840 
hours.
    Estimated average hours per response: Questionnaire, 0.25 hours; 
Survey, 1.4 hours.
    Number of respondents: Questionnaire, 3000; Survey, 600. Small 
businesses are affected.
    General description of report: This information collection is 
voluntary (12 U.S.C. 225a, 263, and 353-359) and is given confidential 
treatment (5 U.S.C. 552(b)(4)).
    Abstract: Since 1995 the Federal Reserve has conducted surveys of 
domestic finance companies every five years on consumer and business 
credit and on major assets and liabilities of finance companies. The 
first stage is a simple questionnaire (FR 3033p) which is sent to all 
domestic finance companies. The questionnaire asks for information on 
each company's total receivables, areas of specialization, and other 
characteristics. From the universe of FR 3033p respondents, the Federal 
Reserve will draw a stratified random sample for the survey itself (FR 
3033s). The survey will request detailed information, as of June 30, 
2000, from both sides of the respondents' balance sheet.

Final Approval Under OMB Delegated Authority to Conduct Two-One 
Time Surveys

    1. Report title: Customer Satisfaction Survey of Federal Reserve 
Bulletin Subscribers, and Customer Satisfaction Survey of Publication 
Subscribers.
    Agency form number: FR 1371; and FR 1372.
    OMB Control number: 7100-0293.
    Frequency: One-time.
    Reporters: Federal Reserve Bulletin subscribers; and Federal 
Reserve publications subscribers.
    Annual reporting hours: FR 1371, 100; and FR 1372, 100.
    Estimated average hours per response: 0.25 hours per survey.
    Number of respondents: 400 per survey. Small businesses are 
affected.
    General description of report: This information collection is 
voluntary (12 U.S.C 248i). The individual date are not considered 
confidential.

[[Page 15910]]

    Abstract: The Customer Satisfaction Survey of Federal Reserve 
Bulletin Subscribers (FR 1371) will solicit comments on the content and 
usefulness of the Federal Reserve's monthly Bulletin from a sample of 
subscribers. The staff is focusing on the Bulletin because the Board 
devotes substantial resources to this publication and will use the 
information from this survey to determine whether the Board should 
continue to publish the Bulletin in its current form. The Customer 
Satisfaction Survey of Publication Subscribers (FR 1372) will solicit 
comments on the quality of the customer service provided by the Board's 
Publications Services Department. The information will be used to 
assess whether the needs of the Board's subscribers are being met in a 
courteous and expeditious manner and whether changes should be made to 
the ordering and payment policies and processes in order to increase 
efficiency and customer satisfaction.

Discontinuation of the Following Report

    1. Report title: Report of Medium Term Note Issuance.
    Agency form number: FR 2600.
    OMB control number: 7100-0245.
    Effective Date: Friday, March 31, 2000.
    Frequency: Monthly, quarterly, or semi-annually.
    Reporters: U.S. firms filing SEC shelf registration statements for 
medium term notes.
    Annual reporting hours: 94 burden hours.
    Estimated average hours per response: 0.083 hours.
    Number of respondents: 424. Small businesses are affected.
    General description of report: This information collection is 
voluntary (15 U.S.C. Secs. 225a and 353 et seq). Respondent data are 
not regarded as confidential.
    Abstract: The FR 2600 collects information on the monthly volume of 
medium-term notes issued by corporations.
    Current Actions: The Federal Reserve will discontinue the FR 2600. 
The report has become unnecessary because data are now obtained from 
the Depository Trust Corporation, a national clearing house that 
collects data on medium-term notes issued in the course of its business 
of clearing and settling securities and acting as trustee for holders 
of securities.

    Board of Governors of the Federal Reserve System, March 20, 
2000.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 00-7269 Filed 3-23-00; 8:45 am]
BILLING CODE 6210-01-P