[Federal Register Volume 66, Number 9 (Friday, January 12, 2001)]
[Notices]
[Pages 2909-2910]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-990]


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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 collections 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, Without Revision, of the Following Reports:

    1. Report title: Domestic Branch Notification.
    Agency form number: FR 4001.
    OMB Control number: 7100-0097.
    Frequency: On occasion.
    Reporters: State member banks.
    Annual reporting hours: 156 hours.
    Estimated average hours per response: 30 minutes for expedited 
notifications; 1 hour for nonexpedited notifications.
    Number of respondents: 169 expedited; 71 nonexpedited.
    Small businesses are affected.
    General description of report: This information collection is 
mandatory (12 U.S.C. 321) and is not given confidential treatment.
    Abstract: The Federal Reserve System requires a state member bank 
to file a notification whenever it proposes to establish a domestic 
branch. There is no formal reporting form; banks notify the Federal 
Reserve by letter prior to making the proposed investment. The Federal 
Reserve uses the information to fulfill its statutory obligation to 
supervise state member banks.
    2. Report title: Investment in Bank Premises Notification.
    Agency form number: FR 4014.
    OMB control number: 7100-0139.
    Frequency: On occasion.
    Reporters: State member banks.
    Annual reporting hours: 3 hours.
    Estimated average hours per response: 30 minutes.
    Number of respondents: 5.
    Small businesses are affected.
    General description of report: This information collection is 
mandatory (12 U.S.C. 371d) and is not given confidential treatment.
    Abstract: The Federal Reserve System requires a state member bank 
to file a notification whenever it proposes to make an investment in 
bank premises that results in its total bank premises investment 
exceeding its capital stock and surplus or, if the bank is well 
capitalized and in good condition, exceeding 150 percent of its capital 
stock and surplus. There is no formal reporting form; banks notify the 
Federal Reserve by letter fifteen days prior to making the proposed 
investment. The Federal Reserve uses the information to fulfill its 
statutory obligation to supervise state member banks.
    3. Report title: Semiannual Report of Derivatives Activity.
    Agency form number: FR 2436.
    OMB control number: 7100-0286.
    Frequency: Semiannual.
    Reporters: large U.S. dealers of over-the-counter (OTC) 
derivatives.

[[Page 2910]]

    Annual reporting hours: 1,800 hours.
    Estimated average hours per response: 100.
    Number of respondents: 9.
    Small businesses are not affected.
    General description of report: This information collection is 
voluntary (12 U.S.C. 248 (a), 353-359, and 461) and is given 
confidential treatment (5 U.S.C. 552 (b) (4)).
    Abstract: The FR 2436 collects derivatives market statistics from a 
sample of nine large U.S. dealers of over-the-counter (OTC) 
derivatives. Data are collected on notional amounts and gross market 
values of the volumes of broad categories of foreign exchange, interest 
rate, equity- and commodity-linked OTC derivatives instruments across a 
range of underlying currencies, interest rates, and equity markets.
    This collection of information complements the ongoing triennial 
Survey of Foreign Exchange and Derivatives Market Activity (FR 3036). 
The FR 2436 collects similar data on the outstanding volume of 
derivatives, but not on derivatives turnover. As with the FR 3036, the 
Federal Reserve conducts this report in coordination with other central 
banks and forwards the aggregated data furnished by U.S. reporters to 
the Bank of International Settlements (BIS), which publishes global 
market statistics that are aggregations of national data.
    4. Report title: Reports Related to Securities Issued by State 
Member Banks as Required by Regulation H.
    Agency form number: Reg H-1.
    OMB control number: 7100-0091.
    Frequency: On occasion.
    Reporters: State member banks.
    Annual reporting hours: 2,085 hours.
    Estimated average hours per response: 5.11.
    Number of respondents: 24.
    Small businesses are not affected.
    General description of report: This information collection is 
mandatory (15 U.S.C. 781(i)) and is not given confidential treatment.
    Abstract: The Federal Reserve's Regulation H requires certain state 
member banks to submit information relating to their securities to the 
Board of Governors of the Federal Reserve System on the same forms that 
bank holding companies and nonbank entities use to submit similar 
information to the Securities and Exchange Commission (SEC). The 
information is primarily used for public disclosure and is available to 
the public upon request.

    Board of Governors of the Federal Reserve System, January 8, 
2001.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 01-990 Filed 1-11-01; 8:45 am]
BILLING CODE 6210-01-P