[Federal Register Volume 69, Number 236 (Thursday, December 9, 2004)]
[Notices]
[Pages 71413-71414]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-27010]


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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: 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 
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-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 February 7, 2005.

ADDRESSES:  You may submit comments, identified by FR G-1, FR G-2, FR 
G-3, FR G-4, FR T-4, and FR U-1, by any of the following methods:
     Agency Web Site: http://www.federalreserve.gov. Follow the 
instructions 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, 
N.W., Washington, DC 20551.
    All public comments are available from the Board's web site at 
www.federalreserve.gov/generalinfo/foia/ProposedRegs.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, N.W.) 
between 9:00 a.m. and 5:00 p.m. on weekdays.

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 reports:

    Report titles: Registration Statement for Persons Who Extend Credit 
Secured by Margin Stock (Other Than Banks, Brokers, or Dealers); 
Deregistration Statement for Persons Registered Pursuant to Regulation 
U; Statement of Purpose for an Extension of Credit Secured by Margin 
Stock by a Person Subject to Registration Under Regulation U; Annual 
Report; Statement of Purpose for an Extension of Credit by a Creditor; 
and Statement of Purpose for an Extension of Credit Secured by Margin 
Stock
    Agency form numbers: FR G-1, FR G-2, FR G-3, FR G-4, FR T-4, FR U-1
    OMB control numbers: 7100-0011: FR G-1, FR G-2, FR G-4; 7100-0018: 
FR G-3; 7100-0019: FR T-4; and 7100-0115: FR U-1
    Frequency: FR G-1, FR G-2, FR G-3, FR T-4, and FR U-1: on occasion; 
FR G-4: annual
    Reporters: Individuals and business
    Annual reporting hours: 1,506 reporting; 155,147 recordkeeping
    Estimated average hours per response: FR G-1: 2.5 hours; FR G-2: 15 
minutes; FR G-3: 10 minutes; FR G-4: 2.0 hours; FR T-4: 10 minutes; and 
FR U-1: 10 minutes
    Number of respondents: FR G-1: 39; FR G-2: 103; FR G-3: 278; FR G-
4: 691; FR T-4: 138; and FR U-1: 4,278
    General description of report: These information collections are 
mandatory (15 U.S.C. Sec. Sec.  78g). The information in the FR G-1 and 
FR G-4 is given confidential treatment under the Freedom of Information 
Act (5 U.S.C. Sec. Sec.  552(b)(4)). The FR G-2 does not contain 
confidential information. The FR G-3, FR T-4, and FR U-1 are not 
submitted to the Federal Reserve and, as such, no issue of 
confidentiality arises.
    Abstract: The Securities Exchange Act of 1934 ('34 Act) authorizes 
the Board to regulate securities credit issued by banks, brokers and 
dealers, and other lenders. The purpose statements, FR U-1, FR T-4, and 
FR G-3, are recordkeeping requirements for banks, brokers and dealers, 
and other lenders, respectively, to document the purpose of their loans 
secured by margin stock. Other lenders also must register and 
deregister with the Federal Reserve using the FR G-1 and FR G-2, 
respectively, and must file an annual report (FR G-4). The Federal 
Reserve uses the data to identify lenders subject to Regulation U, to 
verify compliance with Regulations T, U, and X, and to monitor margin 
credit.


[[Page 71414]]


    Board of Governors of the Federal Reserve System, December 3, 
2004.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 04-27010 Filed 12-8-04; 8:45 am]
BILLING CODE: 6210-01-S