[Federal Register Volume 71, Number 112 (Monday, June 12, 2006)]
[Notices]
[Pages 33750-33751]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E6-9075]


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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-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 e-mail to 
[email protected].

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

    1. Report title: Senior Loan Officer Opinion Survey on Bank Lending 
Practices.
    Agency form number: FR 2018.
    OMB control number: 7100-0058.
    Frequency: Up to six times a year.
    Reporters: Large U.S. commercial banks and large U.S. branches and 
agencies of foreign banks.
    Annual reporting hours: 1,008 hours.
    Estimated average hours per response: 2 hours.
    Number of respondents: 84.
    General description of report: This information collection is 
voluntary (12 U.S.C. Sec. Sec.  248(a), 324, 335, 3101, 3102, and 3105) 
and is given confidential treatment (5 U.S.C. Sec.  552 (b)(4)).
    Abstract: The FR 2018 is conducted with a senior loan officer at 
each respondent bank, generally through a telephone interview. The 
purpose of the survey is to provide qualitative information with 
respect to current price and flow developments and evolving techniques 
and practices in the U.S. loan markets. Consequently, a significant 
portion of the questions in each survey consists of unique questions on 
topics of timely interest. The respondents' answers provide crucial 
information for monitoring and understanding the evolution of lending 
practices at banks and developments in credit markets.
    2. Report title: Senior Financial Officer Survey.
    Agency form number: FR 2023.
    OMB control number: 7100-0223.
    Frequency: Up to four times a year.
    Reporters: Commercial banks, other depository institutions, 
corporations or large money-stock holders.
    Annual reporting hours: 232 hours.
    Estimated average hours per response: 1 hour.
    Number of respondents: 58.
    General description of report: This information collection is 
voluntary (U.S.C. Sec. Sec.  225a, 248(a), and 263); confidentiality 
will be determined on a case-by-case basis.
    Abstract: The 2023 requests qualitative and limited quantitative 
information about liability management, the provision of financial 
services, and the functioning of key financial markets from a selection 
of up to sixty large commercial banks (or, if appropriate, from other 
depository institutions or major financial market participants). 
Responses are obtained from a senior officer at each participating 
institution through a telephone interview conducted by Reserve Bank or 
Board staff. The survey does not have a fixed set of questions; each 
survey consists of a limited number of questions directed at topics of 
timely interest.

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

    1. Report titles: Quarterly Report of Interest Rates on Selected 
Direct Consumer Installment Loans and Quarterly Report of Credit Card 
Plans.
    Agency form numbers: FR 2835 and FR 2835a.
    OMB control number: 7100-0085.
    Frequency: Quarterly.
    Reporters: Commercial banks.
    Annual reporting hours: FR 2835: 132 hours; and FR 2835a: 100 
hours.
    Estimated average hours per response: FR 2835: 13 minutes; and FR 
2835a: 30 minutes
    Number of respondents: FR 2835: 150; and FR 2835a: 50.
    General description of report: These information collections are 
voluntary (12 U.S.C. 248(a)(2)). The FR 2835a individual respondent 
data are given confidential treatment.
    Abstract: The FR 2835 collects information from a sample of 
commercial banks on interest rates charged on loans for new vehicles 
and loans for other consumer goods and personal expenses. The FR 2835a

[[Page 33751]]

collects information on two measures of credit card interest rates from 
a sample of commercial banks with $1 billion or more in credit card 
receivables and a representative of smaller issuers.
    Current Actions: The Federal Reserve will add a new data item, New 
automobiles (60-month), to the FR 2835. This item will collect the most 
common interest rate on 60-month loans for new automobiles. The Federal 
Reserve will also decrease the authorized sample size for the FR 2835a 
from 80 to 50 commercial banks.
    The Federal Reserve received one general comment letter from a 
federal agency. The commenter described its use of the data to prepare 
monthly, quarterly, and annual estimates of personal interest payments, 
a component of personal outlays in the national income and product 
accounts. The revisions will be implemented as originally proposed.

    Board of Governors of the Federal Reserve System, June 7, 2006.
Jennifer J. Johnson
Secretary of the Board.
[FR Doc. E6-9075 Filed 6-9-06; 8:45 am]
BILLING CODE 6210-01-S