[Federal Register Volume 66, Number 40 (Wednesday, February 28, 2001)]
[Notices]
[Pages 12796-12797]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-4821]


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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

[[Page 12797]]

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 Report

    1. Report title: The Daily Report of Dealer Activity in Treasury 
Financing.
    Agency form number: FR 2004WI.
    OMB Control number: 7100-0003.
    Frequency: Daily.
    Reporters: Primary dealers in the U.S. government securities 
market.
    Annual reporting hours: 4,640 hours.
    Estimated average hours per response: 1 hour.
    Number of respondents: 29 dealers.
    Small businesses are affected.
    General description of report: This information collection is 
voluntary (12 U.S.C. 248(a)(2), 353-359, and 461(c)). Completing the FR 
2004 reports by nondepository institutions is not a mandatory 
obligation, and it may be deemed to be voluntary; however, it is 
required to be completed by those nondepository institution dealers who 
desire to be primary dealers. Individual respondent data are regarded 
as confidential under the Freedom of Information Act (5 U.S.C. 552 
(b)(4)).
    Abstract: The FR 2004WI collects daily information on a next-
business-day basis on positions in to-be-issued Treasury coupon 
securities, mainly the trading on a when-issued delivery basis.

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

    1. Report title: The Government Securities Dealers Reports: The 
Weekly Report of Dealer Positions (FR 2004A), The Weekly Report of 
Cumulative Dealer Transactions (FR 2004B), The Weekly Report of Dealer 
Financing and Fails (FR 2004C), and The Weekly Report of Specific 
Issues (FR 2004SI).
    Agency form number: FR 2004.
    OMB control number: 7100-0003.
    Frequency: Weekly.
    Reporters: Primary dealers in the U.S. government securities 
market.
    Annual reporting hours: 14,239 hours.
    Estimated average hours per response: FR 2004A, 1.5 hours; FR 
2004B, 2 hours; FR 2004 C 1.5 hours; FR 2004SI, 3 hours.
    Number of respondents: 29 dealers.
    Small businesses are affected.
    General description of report: This information collection is 
voluntary (12 U.S.C. 248(a)(2), 353-359, and 461(c)). Completing the FR 
2004 reports by nondepository institutions is not a mandatory 
obligation, and it may be deemed to be voluntary; however, it is 
required to be completed by those nondepository institution dealers who 
desire to be primary dealers. Individual respondent data are regarded 
as confidential under the Freedom of Information Act (5 U.S.C. 
552(b)(4)).
    Abstract: The FR 2004A collects data as of Wednesday of each week 
on dealers' outright positions in Treasury and other marketable debt 
securities as well as their positions in futures and options on 
underlying marketable debt securities. The FR 2004B collects data 
cumulated for the week ended Wednesday on the volume of transactions 
made by dealers in the same instruments for which positions are 
reported on the FR 2004A. The FR 2004C collects data as of Wednesday of 
each week on the amounts of dealer financing and fails. The FR 2004SI 
collects data as of Wednesday of each week on outright, financing, 
options, and fails positions in current or on-the-run issues. Under 
certain circumstances FR 2004SI data can also be collected on a daily 
basis for on-the-run and off-the-run securities.
    Current actions: The Board has approved several revisions to the 
reports to address changes in the market conditions. Futures and 
options data are being deleted from the FR 2004A, B, and SI because few 
dealers report much activity in this area and these data have proved to 
be of limited use in market surveillance. Items are being added to the 
FR 2004A and B to gain a better picture of the corporate securities 
markets. Items are being consolidated on the FR 2004C because the 
transactions categories currently reported have not provided 
significant insight into the functioning of funding markets and, 
therefore, add reporting burden without adequate benefit. The revised 
reporting forms will be implemented as of July 4, 2001, and will impose 
22 percent less burden on respondents.

    Board of Governors of the Federal Reserve System, February 22, 
2001.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 01-4821 Filed 2-27-01; 8:45 am]
BILLING CODE 6210-01-P