[Federal Register Volume 69, Number 144 (Wednesday, July 28, 2004)]
[Notices]
[Pages 45057-45058]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-17123]


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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

[[Page 45058]]

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.

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-Mark Menchik--Office of Information and Regulatory 
Affairs, Office of Management and Budget, New Executive Office 
Building, Room 10235, Washington, DC 20503.

SUPPLEMENTARY INFORMATION:

Final approval under OMB delegated authority of 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 hours per response: 5 hours
    Number of respondents: 36
    General description of report: This information collection is 
mandatory [12 U.S.C. Sec. Sec.  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 USC Sec. Sec.  347b(a) and 248(a)(2) and (i)) and individual 
respondent data are regarded as confidential (5 U.S.C. Sec.  
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, July 22, 2004.

Jennifer J. Johnson
Secretary of the Board.
[FR Doc. 04-17123 Filed 7-27-04; 8:45 am]
BILLING CODE 6210-01-S