[Federal Register Volume 65, Number 148 (Tuesday, August 1, 2000)]
[Notices]
[Pages 46917-46918]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-19313]


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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 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.

FOR FURTHER INFORMATION CONTACT: Federal Reserve Board Clearance 
Officer--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, With Revision of the Following Reports

    1. Report title: Monthly Survey of Industrial Electricity Use.
    Agency form number: FR 2009.
    OMB Control number: 7100-0057.
    Frequency: Monthly.
    Reporters: FR 2009a/c: Electric utility companies; FR 2009b: 
Cogenerators.
    Annual reporting hours: FR 2009a/c: 2,196 hours; FR 2009b: 1,188 
hours.
    Estimated average hours per response: FR 2009a/c: 1 hour; FR 2009b: 
30 minutes.
    Number of respondents: FR 2009a/c: 183; FR 2009b: 198.
    Small businesses are affected.
    General description of report: This information collection is 
voluntary (12 U.S.C. 225a, 263, 353 et seq., and 461) and individual 
respondent data are given confidential treatment (5 U.S.C. 552(b)(4)).
    Abstract: The survey collects information on the volume of electric 
power delivered during the month to classes of industrial customers. 
There are now three versions of the survey: the FR 2009a, collects 
information from electric utilities that report using the Standard 
Industrial Classification (SIC) codes, the FR 2009b collects 
information from manufacturing and mining facilities that generate 
electric power for their own use, and the 2009c, collects information 
from electric utilities that report using the North American Industry 
Classification System (NAICS).
    Current Actions: During the next two years the industrial output 
index will be revised to reflect the new NAICS. The published series 
will be categorized

[[Page 46918]]

under the NAICS codes instead of the current SIC codes. To facilitate 
this transition process, the Federal Reserve will ask utilities to 
reclassify their customers using the new codes. The FR 2009c has been 
created in the NAICS format for use by respondents that have made the 
transition from SIC to NAICS codes. The FR 2009a would be completed 
only by the respondents that choose to report SIC codes. This approach 
would not impose any added burden on the respondents. The Federal 
Reserve also proposes to eliminate the FR 2009a after the two-year 
transition period.

Final Approval Under OMB Delegated Authority of the Extension for 
Three Years, Without Revision, of the Following Reports

    1. Report titles: Quarterly Report of Interest Rates on Selected 
Direct Consumer Installment Loans; Quarterly Report of Credit Card 
Plans.
    Agency form number: FR 2835; FR 2835a.
    OMB Control number: 7100-0085.
    Frequency: Quarterly.
    Reporters: Commercial Banks.
    Annual reporting hours: FR 2835: 90 hours; FR 2835a: 200 hours.
    Estimated average hours per response: FR 2835: 9 minutes; FR 2835a: 
30 minutes.
    Number of respondents: FR 2835: 150; FR 2835a: 100.
    Small businesses are not affected.
    General description of report: These information collections are 
voluntary (12 U.S.C. 248(a)(2)). The FR 2835a individual respondent 
data are given confidential treatment (5 U.S.C. 552 (b)(4)), the FR 
2835 data however, is not given confidential treatment.
    Abstract: The FR 2835 collects the most common interest rate 
charged at a sample of 150 commercial banks on two types of consumer 
loans made in a given week each quarter: new auto loans and other loans 
for consumer goods and personal expenditures. The data are reported for 
the calendar week beginning on the first Monday of each survey month 
(February, May, August, and November).
    The FR 2835a collects information on two measures of credit card 
interest rates from a sample of 100 commercial banks (authorized panel 
size), selected to include banks with $1 billion or more in credit card 
receivables, and a representative group of smaller issuers. The data 
are representative of interest rates paid by consumers on bank credit 
cards because the panel includes virtually all large issuers and an 
appropriate sample of other issuers.
    2. Report title: Report of Changes in Foreign Investments (Made 
Pursuant to Regulation K).
    Agency form number: FR 2064.
    OMB Control number: 7100-0109.
    Frequency: Event-generated.
    Reporters: Member banks, Edge and agreement corporations, and bank 
holding companies.
    Annual reporting hours: 750 hours.
    Estimated average hours per response: 30 minutes.
    Number of respondents: 50.
    Small businesses are not affected.
    General description of report: This information collection is 
mandatory (12 U.S.C. 602, 625 and 1844) and is given confidential 
treatment (5 U.S.C. 552(b)(4)).
    Abstract: Member banks, Edge and agreement corporations, and bank 
holding companies are required to file the FR 2064 to record changes in 
their international investments. The FR 2064 report is event generated 
and is filed no later than the last day of the month following the 
month in which the change occurred. The Federal Reserve uses the 
information to monitor investments in the international operations of 
U.S. banking organizations and to fulfill its supervisory 
responsibility under Regulation K.

Final Approval Under OMB Delegated Authority of the Discontinuation 
of the Following Reports

    1. Report title: Quarterly Gasoline Company Report.
    Agency form number: FR 2580.
    OMB control number: 7100-0009.
    Frequency: Quarterly.
    Reporters: Gasoline companies.
    Annual reporting hours: 4 hours.
    Estimated average hours per response: 9 minutes.
    Number of respondents: 7.
    Small businesses are not affected.
    Abstract: The FR 2580 collected outstanding balances on retail 
credit card accounts at gasoline companies. The number of FR 2580 
reporters has declined over time as the industry structure has changed. 
Initially, the data were collected from the universe of approximately 
thirty gasoline companies; subsequently, some smaller companies 
withdrew from the sample or were merged into other companies. In recent 
years some major companies have entered into Aco-branding@ arrangements 
with banks and have significantly reduced, or eliminated, their own 
credit card portfolios. The Federal Reserve will discontinue the FR 
2580 as of July 31, 2000 primarily because the number of respondents 
has dwindled. The decrease in reporting is due in part to the purchase 
of some of the gasoline companies' receivables by depository 
institutions in recent years. Because of the difficulty in maintaining 
a meaningful sample and because of the small fraction of consumer 
credit that these receivables represent, the Federal Reserve does not 
believe it is useful to continue the report.

    Board of Governors of the Federal Reserve System, July 26, 2000.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 00-19313 Filed 7-31-00; 8:45 am]
BILLING CODE 6210-01-P