[Federal Register Volume 66, Number 212 (Thursday, November 1, 2001)]
[Notices]
[Page 55195]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-27422]


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FEDERAL RESERVE SYSTEM


Agency Information Collection Activities: Discontinuance

SUMMARY:

Background

    Notice is hereby given of the discontinuance of an information 
collection 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).

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).

Discontinuation of the following report:

    1. Report title: Daily Advance Report of Deposits
    Agency form number: FR 2000
    OMB Control number: 7100-0087
    Effective Date: November 5, 2001
    Frequency: Daily
    Reporters: Large commercial banks and thrifts
    Annual reporting hours: 24,960
    Estimated average hours per response: 0.60
    Number of respondents: 160
    Small businesses are not affected.
    General description of report: This information collection is 
mandatory (12 U.S.C. 248(a), 347(d), 603, 615 and 415) and is given 
confidential treatment (5 U.S.C. 552(b)(4)).
    Abstract: This report collects selected deposit and vault cash data 
for the most recent reporting week from a sample of large commercial 
banks and thrifts before such data become available for the universe of 
all weekly reporters of the Report of Transaction Accounts, Other 
Deposits and Vault Cash (FR 2900; OMB No. 7100-0087). Although these 
advance data have been useful for estimating the monetary aggregates, 
the Federal Reserve feels that the costs to the Federal Reserve System 
and to depository institutions of collecting these data outweigh the 
benefits. In addition, under contemporaneous reserve requirements, 
these data were essential in constructing estimates of aggregate 
required reserves and vault cash for the reserve maintenance period. 
Since the Federal Reserve's change back to lagged reserve requirements 
in August 1998, these data are no longer essential for that purpose. 
Respondents will submit their final FR 2000 for the reporting week 
ending November 5, 2001. The Federal Reserve will continue to collect 
the other reports included in this information collection.

    Board of Governors of the Federal Reserve System, October 26, 
2001.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 01-27422 Filed 10-31-01; 8:45 am]
BILLING CODE 6210-01-S