[Federal Register Volume 65, Number 148 (Tuesday, August 1, 2000)]
[Notices]
[Pages 46918-46920]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-19314]


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FEDERAL RESERVE SYSTEM


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

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: 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, Without Revision, of the Following Reports

    1. Report title: Report of Transaction Accounts, Other Deposits, 
and Vault Cash; Report of Certain Eurocurrency Transactions.

[[Page 46919]]

    Agency form number: FR 2900; FR 2950/2951.
    OMB control number: 7100-0087.
    Frequency: Weekly, quarterly.
    Reporters: Depository institutions.
    Annual reporting hours: 984,138 hours.
    Estimated average hours per response: FR 2900: 3.50; FR 2950/2951: 
1.00.
    Number of respondents: FR 2900: 4,813 weekly, and 5,880 quarterly; 
FR 2950/2951: 497 weekly, and 2 quarterly.
    Small businesses are affected.
    General description of report: These information collections are 
mandatory: FR 2900 and FR 2950 (12 U.S.C. 248(a), 461, 603, and 615) 
and FR 2951 (12 U.S.C. 248(a), 461, and 347d) and are given 
confidential treatment (5 U.S.C. 552(b)(4)).
    Abstract: The FR 2900 report collects information on deposits and 
related items from depository institutions that have transaction 
accounts or nonpersonal time deposits and that are not fully exempt 
from reserve requirements (``nonexempt institutions''). These 
institutions file weekly if their total deposits are greater than or 
equal to the nonexempt deposit cutoff and quarterly if their total 
deposits are less than the nonexempt deposit cutoff. The FR 2950/2951 
collects information on Eurocurrency transactions from depository 
institutions that obtain funds from foreign (non-U.S.) sources or that 
maintain foreign branches. The Federal Reserve raised the deposit 
cutoff used to determine weekly versus quarterly FR 2900 reporting (the 
``nonexempt cutoff'') above its indexed level of $84.5 million to $95 
million. These mandatory reports are used by the Federal Reserve for 
administering Regulation D (Reserve Requirements of Depository 
Institutions) and for constructing, analyzing, and controlling the 
monetary and reserve aggregates.
    2. Report title: Annual Report of Total Deposits and Reservable 
Liabilities.
    Agency form number: FR 2910a.
    OMB control number: 7100-0175.
    Frequency: Annual.
    Reporters: Depository institutions.
    Annual reporting hours: 2,734 hours.
    Estimated average hours per response: 30 minutes.
    Number of respondents: 5,468.
    Small businesses are affected.
    General description of report: This information collection is 
mandatory (12 U.S.C. 248(a) and 461) and is given confidential 
treatment (5 U.S.C. 552(b)(4)).
    Abstract: This report collects two items of information from 
depository institutions (other than U.S. branches and agencies of 
foreign banks and Edge and agreement corporations) that are fully 
exempt from reserve requirements under the Garn-St Germaine Depository 
Institutions Act of 1982. This mandatory report is used by the Federal 
Reserve for administering Regulation D (Reserve Requirements of 
Depository Institutions) and for constructing, analyzing, and 
controlling the monetary and reserve aggregates.
    3. Report title: Allocation of Low Reserve Tranche and Reservable 
Liabilities Exemption.
    Agency form number: FR 2930/2930a.
    OMB control number: 7100-0088.
    Frequency: Annually, and on occasion.
    Reporters: Depository institutions.
    Annual reporting hours: 64 hours.
    Estimated average hours per response: 15 minutes.
    Number of respondents: 255.
    Small businesses are affected.
    General description of report: This information collection is 
mandatory: FR 2930 (12 U.S.C. 248(a), 461, 603, and 615) and FR 2930a 
(12 U.S.C. 248(a) and 461). It is also given confidential treatment (5 
U.S.C. 552(b)(4)).
    Abstract: The FR 2930 and the FR 2930a collect information on the 
allocation of the low reserve tranche and reservable liabilities 
exemption for depository institutions having offices (or groups of 
offices) that submit separate FR 2900 deposits reports. The data 
collected on these reports are needed for the calculation of required 
reserves.
    4. Report title: Report of Foreign (Non-U.S.) Currency Deposits.
    Agency form number: FR 2915.
    OMB control number: 7100-0237.
    Frequency: Quarterly.
    Reporters: Depository institutions.
    Annual reporting hours: 366 hours.
    Estimated average hours per response: 30 minutes.
    Number of respondents: 183.
    Small businesses are affected.
    General description of report: This information collection is 
mandatory (12 U.S.C. 248(a)(2) and 347d) and is given confidential 
treatment (5 U.S.C. 552(b)(4)).
    Abstract: The FR 2915 collects weekly averages of the amounts 
outstanding for foreign (non-U.S.) currency deposits held at U.S. 
offices of depository institutions, converted to U.S. dollars and 
included on the FR 2900 (OMB No. 7100-0087), the principal deposits 
report that is used for the calculation of required reserves and for 
the construction of the monetary aggregates. Foreign currency deposits 
are subject to reserve requirements and, therefore, are included in the 
FR 2900. However, foreign currency deposits are not included in the 
monetary aggregates. The FR 2915 data are used to back foreign currency 
deposits out of the FR 2900 data for construction and interpretation of 
the monetary aggregates. The FR 2915 data are also used to monitor the 
volume of foreign currency deposits.

Final Approval Under OMB Delegated Authority of the Extension for 
Three Years, With Revision, of the Following Report

    1. Report title: Daily Advance Report of Deposits.
    Agency form number: FR 2000.
    OMB control number: 7100-0087.
    Frequency: Daily.
    Reporters: Depository institutions.
    Annual reporting hours: 24,960 hours.
    Estimated average hours per response: 36 minutes.
    Number of respondents: 160.
    Small businesses are affected.
    General description of report: This information collection is 
mandatory (12 U.S.C. 248(a) and 461) and is given confidential 
treatment (5 U.S.C. 552(b)(4)).
    Abstract: This advance report is commonly referred to as the 
Markstat D. The Markstat D report collects selected deposit and vault 
cash data for the most recent reporting week from a sample of large 
commercial banks and thrifts before such data become available for the 
universe of all FR 2900 weekly reporters. At present, ten data items (a 
subset of those on the FR 2900) are collected on the report. The 
advance report is used in the construction of preliminary estimates of 
the monetary aggregates for the week just ending.
    Current actions: The Federal Reserve dropped three items from the 
FR 2000 and reduced the authorized panel size from 186 to 160 
institutions. The elimination of the three reporting items and the 
reduction of the authorized panel size reduces the reporting burden by 
15,662 hours.

Discontinuance of the Following Report Under OMB Delegated 
Authority

    1. Report title: Quarterly Report of Selected Deposits, Vault Cash, 
and Reserve Liabilities.
    Agency form number: FR 2910q.
    OMB control number: 7100-0175.
    Frequency: Quarterly.
    Reporters: Depository institutions.
    Annual reporting hours: 3,936 hours.
    Estimated average hours per response: 2 hours.
    Number of respondents: 492.
    Small businesses are affected.
    General description of report: This information collection is 
mandatory (12 U.S.C. 248(a) and 461) and is given confidential 
treatment (5 U.S.C. 552(b)(4)).

[[Page 46920]]

    Abstract: This report collected information from depository 
institutions (other than U.S. branches and agencies of foreign banks 
and Edge and agreement corporations) that are fully exempt from reserve 
requirements under the Garn-St Germaine Depository Institutions Act of 
1982. This report was used by the Federal Reserve for administering 
Regulation D (Reserve Requirements of Depository Institutions) and for 
constructing, analyzing, and controlling the monetary and reserve 
aggregates. The Federal Reserve eliminated the exempt deposit cutoff 
and discontinued this report associated with that cutoff. The Federal 
Reserve believes that, for exempt institutions, the quarterly reports 
of condition are adequate for quarterly benchmarking of the monetary 
aggregates. The Federal Reserve also believes that by shifting the 
current FR 2910q reporters to the annual, two-item FR 2910a, the Board 
will be able to adequately monitor compliance with Regulation D. The 
shift in reporting frequency of the almost 500 FR 2910q respondents to 
the FR 2910a would reduce reporting burden by 3,690 hours.

    Board of Governors of the Federal Reserve System, July 26, 2000.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 00-19314 Filed 7-31-00; 8:45 am]
BILLING CODE 6210-01-P