[Federal Register Volume 66, Number 12 (Thursday, January 18, 2001)]
[Notices]
[Page 4828]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-1437]


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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

    The following information collection, which is being handled under 
this delegated authority, has received initial Board approval and is 
hereby published for comment. At the end of the comment period, the 
proposed information collection, 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 19, 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 
Implementation of the Following Survey:
    1. Report Title: Central Bank Survey of Foreign Exchange and 
Derivatives Market Activity.
    Agency Form Number: FR 3036.
    OMB Control Number: 7100-0285.
    Frequency: one-time.
    Reporters: Financial institutions that serve as intermediaries in 
the wholesale foreign exchange and derivatives market, dealers, and 
brokers.
    Annual Reporting Hours: 9,458 hours.
    Estimated Average Hours Per Response: Turnover survey: 50 hours; 
outstandings survey: 15 hours for FR 2436 reporters, 60 hours for non-
FR 2436 reporters.
    Number of Respondents: 161. 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 survey is the latest in an ongoing series of surveys 
conducted by central banks every three years. The survey will be 
conducted in April and June of 2001 by the Federal Reserve Bank of New 
York. Data from the survey will provide information about the size and 
structure of the global markets for foreign exchange and financial 
derivatives transactions. The survey is part of a data collection 
effort conducted by over fifty other central banks and monetary 
authorities. The data will be useful to the Federal Reserve Board, 
other government agencies, and market participants for determining 
public policy relating to financial markets. Aggregate results from 
each central bank's survey will be provided to the Bank for 
International Settlements for the production of global market 
statistics.

    Board of Governors of the Federal Reserve System, January 11, 
2001.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 01-1437 Filed 1-17-01; 8:45 am]
BILLING CODE 6210-01-P