[Federal Register Volume 70, Number 33 (Friday, February 18, 2005)]
[Notices]
[Pages 8372-8373]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 05-3143]


=======================================================================
-----------------------------------------------------------------------

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

ACTION: Notice

-----------------------------------------------------------------------

SUMMARY: Background. Notice is hereby given of the final approval of 
proposed information collection(s) 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-Is 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 Board Clearance 
Officer - Michelle Long -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, or email to 
[email protected]

Final approval under OMB delegated authority of the extension for three 
years, without revision of the following report:

    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

[[Page 8373]]

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 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.

    Board of Governors of the Federal Reserve System, February 14, 
2005.
Jennifer J. Johnson
Secretary of the Board.
[FR Doc. 05-3143 Filed 2-17-05; 8:45 am]
BILLING CODE 6210-01-S