[Federal Register Volume 69, Number 97 (Wednesday, May 19, 2004)]
[Notices]
[Pages 28889-28890]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-11264]


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FEDERAL RESERVE SYSTEM


Agency Information Collection Activities: Proposed Collections; 
Comment Request

AGENCY: Board of Governors of the Federal Reserve System.
SUMMARY: On June 15, 1984, the Office of Management and Budget (OMB) 
delegated to the Board of Governors of the Federal Reserve System 
(Board) its 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

[[Page 28890]]

Appendix A.1. Board-approved collection 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 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 Proposal

    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 collections of information are 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 collections, 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 collections on 
respondents, including through the use of automated collection 
techniques or other forms of information technology.

DATES: Comments must be submitted on or before July 19, 2004.

ADDRESSES: You may submit comments, identified by FR 4006 or FR 2046, 
by any of the following methods:
     Agency Web Site: http://www.federalreserve.gov. Follow the 
instruction for submitting comments at http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm.
     Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments.
     E-mail: [email protected]. Include docket 
number in the subject line of the message.
     Fax: (202) 452-3819 or (202) 452-3102.
     Mail: Jennifer J. Johnson, Secretary, Board of Governors 
of the Federal Reserve System, 20th Street and Constitution Avenue, 
NW., Washington, DC 20551.
    All public comments are available from the Board's Web site at 
www.federalreserve.gov/generalinfo/foia/ProposeRegs.cfm as submitted, 
except as necessary for technical reasons. Accordingly, your comments 
will not be edited to remove any identifying or contact information. 
Public comments may also be viewed electronically or in paper in Room 
MP-500 of the Board's Martin Building (20th and C Streets, NW.) between 
9 a.m. and 5 p.m. on weekdays.

FOR FURTHER INFORMATION CONTACT: A copy of the proposed forms and 
instructions, the Paperwork Reduction Act Submission (OMB 83-I), 
supporting statements, 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.
    Michelle E. Long, Acting 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 reports:
    1. Report title: Request for Extension of Time To Dispose of Assets 
Acquired in Satisfaction of Debts Previously Contracted.
    Agency form number: FR 4006.
    OMB control number: 7100-0129.
    Frequency: Annual.
    Reporters: Banking Holding Companies.
    Annual reporting hours: 180 hours.
    Estimated average per response: 5 hours.
    Number of respondents: 36.
    General description of report: This information collection is 
mandatory (12 U.S.C. 1842(a) and 1843(c)(2)) and may be given 
confidential treatment upon request (5 U.S.C. Sec.  552(b)(4)).
    Abstract: Bank holding companies (BHCs) that have acquired voting 
securities or assets through foreclosure in the ordinary course of 
collecting a debt previously contracted (DPC) generally are required to 
submit the extension request annually for shares or assets that have 
been held beyond two years from the acquisition date. The extension 
request does not have a required format; BHCs submit the information in 
a letter. The letter contains information on the progress made to 
dispose of such shares or assets and requests permission for an 
extension to hold them. This extension request is required pursuant to 
the Board's authority under the Bank Holding Company Act of 1956 (the 
Act), as amended and Regulation Y. The Federal Reserve uses the 
information to fulfill its statutory obligation to supervise BHCs.
    2. Report title: Report of Selected Balance Sheet Items for 
Discount Window Borrowers.
    Agency form number: FR 2046.
    OMB control number: 7100-0289.
    Frequency: On occasion.
    Reporters: Depository institutions.
    Annual reporting hours: 575 hours.
    Estimated average hours per response: 0.75 hours for primary and 
secondary credit borrowers; 0.25 hours for seasonal credit borrowers.
    Number of respondents: 128.
    General description of report: This information collection is 
mandatory (sections 10B, 11(a)(2), and 11(i) of the Federal Reserve Act 
(12 U.S.C. 347b(a) and 248(a)(2) and (i)) and individual respondent 
data are regarded as confidential (5 U.S.C. 552(b)(4)).
    Abstract: The Federal Reserve's Regulation A, ``Extensions of 
Credit by Federal Reserve Banks,'' requires that Reserve Banks review 
balance sheet data in determining whether to extend credit and in 
ascertaining whether undue use is made of such credit. Borrowers report 
certain balance sheet data for a period that encompasses the dates of 
borrowing.

    Board of Governors of the Federal Reserve System, May 13, 2004.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. 04-11264 Filed 5-18-04; 8:45 am]
BILLING CODE 6210-01-M