[Federal Register Volume 68, Number 174 (Tuesday, September 9, 2003)]
[Notices]
[Pages 53169-53171]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-22850]


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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

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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-I's 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 Proposals.

    The following information collections, which are being handled 
under this delegated authority, have received initial Board approval 
and are hereby published for comment. At the end of the comment period, 
the proposed information collections, 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 November 10, 2003.

ADDRESSES: Comments may be mailed to Ms. Jennifer J. Johnson, 
Secretary, Board of Governors of the Federal Reserve System, 20th 
Street and Constitution Avenue, N.W., Washington, DC 20551. However, 
because paper mail in the Washington area and at the Board of Governors 
is subject to delay, please consider submitting your comments by e- 
mail to [email protected], or faxing them to the Office 
of the Secretary at 202-452-3819 or 202-452-3102. Members of the public 
may inspect comments in Room MP-500 between 9:00 a.m. and 5:00 p.m. on 
weekdays pursuant to 261.12, except as provided in 261.14, of the 
Board's Rules Regarding Availability of Information, 12 CFR 261.12 and 
261.14.
    A copy of the comments may also be submitted to the OMB desk 
officer for the Board: Joseph Lackey, 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.
    Cindy Ayouch, 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 (202-263-4869), Board of Governors 
of the Federal Reserve System, Washington, DC 20551.

Proposal to Approve Under OMB Delegated Authority the Extension for 
Three Years, Without Revision, of the Following Report:

    1. Report title: Monthly Report of Traveler's Checks Outstanding
    Agency form number: FR 2054
    OMB control number: N/A
    Frequency: Monthly
    Reporters: Nonbank issuers of travelers checks in the United States
    Annual reporting hours: 84 hours
    Estimated average hours per response: 1 hour
    Number of respondents: 7
    General description of report: This information collection is 
voluntary (12 U.S.C. 353 et seq.) and is given confidential treatment 
(5 U.S.C. 552(b)(4)).
    Abstract: The report collects the month-end total amount 
outstanding of dollar- denominated traveler's checks issued by seven 
major nonbank issuers. The Federal Reserve uses these data in the 
computation of the nonbank traveler's check component of the monetary 
aggregates.

Proposal to Approve Under OMB Delegated Authority the Extension for 
Three Years, With Revision, of the Following Reports:

    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), The Weekly Report of Specific Issues 
(FR 2004SI), The Daily Report of Specific Issues (FR 2004SD), and The 
Daily Report of Dealer Activity in Treasury Financing (FR 2004WI).
    Agency form number: FR 2004
    OMB control number: 7100-0003
    Frequency: Weekly, Daily
    Reporters: Primary dealers in the U.S. government securities market
    Annual reporting hours: 12,342 hours
    Estimated average hours per response: FR 2004A, 1.5 hours; FR 
2004B, 2 hours; FR 2004C, 1.25 hours; FR 2004SI, 2 hours; FR 2004SD, 2 
hours; FR 2004WI, 1 hour.
    Number of respondents: 22
    General description of report: This information collection is 
voluntary (12 U.S.C. 248 (a)(2), 353-359, and 461(c)); however, primary 
dealers are expected to file the report with the Federal Reserve. 
Individual respondent data are regarded as confidential under the 
Freedom of Information Act (5 U.S.C. 552 (b)(4) and (b)(8)).
    Abstract: The FR 2004A collects data as of Wednesday of each week 
on dealers' outright positions in Treasury and other 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, and fails positions in current or 
on-the-run issues. Under certain circumstances the FR 2004SI data can 
also be collected on a daily basis for on-the-run and off-the-run 
securities. The FR 2004WI collects daily information on a next-
business-day basis on positions in to-be-issued Treasury coupons 
securities, mainly the trading on a when-issued delivery basis.
    Current actions: The Federal Reserve proposes to make the following 
modifications to the reporting series: 1) delete the columns for 
cumulative weekly volume and average weekly rates for repurchase 
agreements on the FR 2004C, 2) include a new column, FRBNY Security ID, 
on the FR 2004SI,

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3) formalize the collection of the FR 2004SI daily data in the new 
reporting form, FR 2004SD, 4) publish all data collected on the FR 
2004C, (5) change the data submission schedule to be uniform across the 
four weekly reports, and (6) adjust row and column headings to be 
uniform across reports and to more clearly identify the data to be 
reported. The revised reporting forms would be implemented as of 
January 7, 2004.
    Board of Governors of the Federal Reserve System, September 3, 
2003.

Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 03-22850 Filed 9-8-03; 8:45 am]
BILLING CODE 6210-01-S