[Federal Register Volume 66, Number 60 (Wednesday, March 28, 2001)]
[Notices]
[Pages 16943-16944]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-7569]


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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 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 Implementation 
of the Following Report

    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.

Final Approval Under OMB Delegated Authority of the Extension for 
Three Years, Without Revision, of the Following Reports

    1. 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.

[[Page 16944]]

    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.

    2. 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, March 22, 
2001.
Robert deV. Frierson,
Associate Secretary of the Board.
[FR Doc. 01-7569 Filed 3-27-01; 8:45 am]
BILLING CODE 6210-01-P