[Federal Register Volume 69, Number 58 (Thursday, March 25, 2004)]
[Notices]
[Page 15343]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-6693]



[[Page 15343]]

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FEDERAL RESERVE SYSTEM


Agency Information Collection Activities: Announcement of Board 
Approval Under Delegated Authority and Submission to OMB

AGENCY: Board of Governors of the Federal Reserve System
SUMMARY: Background.
    Notice is hereby given of the final approval of proposed 
information collections 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-I's 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 Clearance Officer - 
Cindy Ayouch-Division of Research and Statistics, Board of Governors of 
the Federal Reserve System, Washington, DC 20551 (202-452-3829).
    OMB Desk Officer-Joseph Lackey-Office of Information and Regulatory 
Affairs, Office of Management and Budget, New Executive Office 
Building, Room 10235, Washington, DC 20503.

Final approval under OMB delegated authority of the extension for three 
years, with revision, of the following reports:

    1. Report title: Weekly Report of Assets and Liabilities for Large 
Banks; Weekly Report of Selected Assets.
    Agency form number: FR 2416; FR 2644
    OMB Control number: 7100-0075
    Effective Date: June 2, 2004
    Frequency: Weekly
    Reporters: U.S.-chartered commercial banks
    Annual reporting hours: FR 2416: 23,400 hours; FR 2644: 80,080 
hours
    Estimated average hours per response: FR 2416: 9.00 hours; FR 2644: 
1.40 hours
    Number of respondents: FR 2416: 50; FR 2644: 1,100
    General description of report: These information collections are 
voluntary (12 U.S.C. Sec.  225(a) and 248(a)(2)). Individual respondent 
data are regarded as confidential under the Freedom of Information Act 
(5 U.S.C. Sec.  552(b)(4)).
    2. Report title: Weekly Report of Assets and Liabilities for Large 
U.S. Branches and Agencies of Foreign Banks.
    Agency form number: FR 2069
    OMB Control number: 7100-0030
    Effective Date: June 2, 2004
    Frequency: Weekly
    Reporters: U.S. branches and agencies of foreign banks
    Annual reporting hours: 14,560 hours
    Estimated average hours per response: 4.00 hours
    Number of respondents: 70
    General description of report: This information collection is 
voluntary (12 U.S.C. Sec.  248(a)(2) and 3105(a)(2)). Individual 
respondent data are regarded as confidential under the Freedom of 
Information Act (5 U.S.C. Sec.  552(b)(4)).
    Abstract: The FR 2416, FR 2644, and the Weekly Report of Assets and 
Liabilities for Large U.S. Branches and Agencies of Foreign Banks (FR 
2069; OMB No. 7100-0030) are referred to collectively as the bank 
credit reports. The FR 2416 is a detailed balance sheet that covers 
domestic offices of large U.S.-chartered commercial banks. The FR 2644 
collects less-detailed information on investments, loans, total assets, 
and several memoranda items, covering domestic offices of small U.S.-
chartered commercial banks. The FR 2069 is a detailed balance sheet 
that covers large U.S. branches and agencies of foreign banks. The bank 
credit reports are collected as of each Wednesday.
    These three voluntary reports are mainstays of the Federal 
Reserve's reporting system from which data for analysis of current 
banking developments are derived. The FR 2416 is used on a stand-alone 
basis as the ``large domestic bank series.'' The FR 2644 collects 
sample data, which are used to estimate universe levels using data from 
the quarterly commercial bank Consolidated Reports of Condition and 
Income (FFIEC 031 and 041; OMB No. 7100-0036) (Call Report). Data from 
the bank credit reports, together with data from other sources, are 
used for constructing weekly estimates of bank credit, of sources and 
uses of bank funds, and of a balance sheet for the banking system as a 
whole.
    The Federal Reserve publishes the data in aggregate form in the 
weekly H.8 statistical release, Assets and Liabilities of Commercial 
Banks in the United States, which is followed closely by other 
government agencies, the banking industry, the financial press, and 
other users. This release provides a balance sheet for the banking 
industry as a whole and data disaggregated by its large domestic, small 
domestic, and foreign-related components.
    Current actions: Federal Reserve has approved the proposed changes 
to the FR 2416: (1) Split other assets into two items, (2) split other 
liabilities into two items, and (3) combine three memoranda items 
breaking out U.S. Treasury securities. The Federal Reserve has approved 
the proposed changes to the FR 2644: (1) Split other loans secured by 
real estate into two items, (2) add an item for net due from own 
foreign offices, and (3) add an item for net due to own foreign 
offices. The Federal Reserve has approved the proposed changes to the 
FR 2069: (1) Combine items for federal funds purchased with banks and 
other borrowed money owed to banks and (2) combine items for federal 
funds purchased with others and other borrowed money owed to others.
    These proposed changes to the FR 2416, FR 2644, and FR 2069 will be 
effective with the reports for June 2, 2004.

    Board of Governors of the Federal Reserve System, March 19, 
2004.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 04-6693 Filed 3-24-04; 8:45 am]
BILLING CODE 6210-01-S