[Federal Register Volume 66, Number 9 (Friday, January 12, 2001)]
[Notices]
[Pages 2908-2909]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-989]


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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(s)

    The following information collections, which are being handled 
under this delegated authority, have received initial Board approval 
and are hereby published for comment. At the end of the comment period, 
the proposed information collections, 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.

DATES: Comments must be submitted on or before March 12, 2001.

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, NW., Washington, DC 20551, or mailed electronically to 
[email protected]. Comments addressed to Ms. Johnson may 
be 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, NW. 
Comments received may be inspected in room M-P-500 between 9 a.m. and 5 
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, Federal Reserve Board Clearance Officer (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 reports:
    1. Report title: Monthly Report of Traveler's Checks Outstanding.
    Agency form number: FR 2054.
    OMB control number: n/a.
    Frequency: Monthly.
    Reporters: Seven major nonbank issuers of travelers checks in the 
United States
    Annual reporting hours: 84.
    Estimated average hours per response: 1.0.
    Number of respondents: 7.
    Small businesses are not 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: This report collects, as of the end of each month, the 
total amount

[[Page 2909]]

outstanding of dollar-denominated traveler's checks issued by seven 
major nonbank issuers. The Federal Reserve uses these data in the 
computation of the nonbank traveler's check component of the monetary 
aggregates.
    2. Report titles: Uniform Application for Municipal Securities 
Principal or Municipal Securities Representative Associated with a Bank 
Municipal Securities Dealer; Uniform Termination Notice for Municipal 
Securities Principal or Municipal Securities Representative Associated 
with a Bank Municipal Securities Dealer.
    Agency form number: FR MSD-4, FR MSD-5.
    OMB control number: 7100-0100, 7100-0101.
    Frequency: On occasion.
    Reporters: State member banks, bank holding companies, and foreign 
dealer banks engaging in activities as municipal securities dealers.
    Annual reporting hours: 36 (FR MSD-4), 20 (FR MSD-5).
    Estimated average hours per response: 1.00 (FR MSD-4), 0.25 (FR 
MSD-5).
    Number of respondents: 36 (FR MSD-4), 80 (FR MSD-5).
    Small businesses are not affected.
    General description of report: These information collections are 
mandatory (15 U.S.C. 78o-4, 78q, and 78u) and are given confidential 
treatment (5 U.S.C. 552(b)(6)).
    Abstract: The MSD-4 collects information, such as personal history 
and professional qualifications, on an employee whom the bank wishes to 
assume the duties of a municipal securities principal or 
representative. The FR MSD-5 collects the date of, and reason for, 
termination of such an employee.
    3. Report titles: Notice by Financial Institutions of Government 
Broker or Government Securities Dealer Activities; Notice by Financial 
Institutions of Termination of Activities as a Government Securities 
Broker or Government Securities Dealer.
    Agency form number: FR G-FIN, FR G-FINW.
    OMB control number: 7100-0224.
    Frequency: On occasion.
    Reporters: State member banks, foreign banks, uninsured state 
branches or state agencies of foreign banks, commercial lending 
companies owned or controlled by foreign banks, and Edge corporations.
    Annual reporting hours: 25 (FR G-FIN), 0.5 (FR G-FINW).
    Estimated average hours per response: 1.00 (FR G-FIN), 0.25 (FR G-
FINW).
    Number of respondents: 25 (FR G-FIN), 2 (FR G-FINW).
    Small businesses are affected.
    General description of report: These information collections are 
mandatory (15 U.S.C. 78o-5(a)(1)(B)) and are not given confidential 
treatment.
    Abstract: The Government Securities Act of 1986 (the Act) requires 
financial institutions to notify their appropriate regulatory authority 
of their intent to engage in government securities broker or dealer 
activities, to amend information submitted previously, and to record 
their termination of such activity. The Federal Reserve Board uses the 
information in its supervisory capacity to measure compliance with the 
Act.

    Board of Governors of the Federal Reserve System, January 8, 
2001.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 01-989 Filed 1-11-01; 8:45 am]
BILLING CODE 6210-01-P