[Federal Register Volume 72, Number 21 (Thursday, February 1, 2007)]
[Notices]
[Pages 4708-4709]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-1651]


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FEDERAL RESERVE SYSTEM


Proposed Agency Information Collection Activities; Comment 
Request

AGENCY: Board of Governors of the Federal Reserve System
SUMMARY: Background: 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 Paperwork Reduction Act 
Submission, 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 proposals

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

DATES: Comments must be submitted on or before April 2, 2007.

ADDRESSES: You may submit comments, identified by FR 2051a,b (OMB 
No.7100-0012); FR MSD-4 (OMB No.7100-0100); FR MSD-5 (OMB No.7100-
0101); or FR G-FIN and FR G-FINW OMB No.7100-0224) 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: regs.comments@federalreserve.gov.

[[Page 4709]]

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, unless modified 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 a.m. and 5 p.m. on 
weekdays.
    Additionally, commenters should send a copy of their comments to 
the OMB Desk Officer by mail to the Office of Information and 
Regulatory Affairs, U.S. Office of Management and Budget, New Executive 
Office Building, Room 10235, 725 17th Street, NW., Washington, DC 20503 
or by fax to 202-395-6974.

FOR FURTHER INFORMATION CONTACT: A copy of the proposed form and 
instructions, the Paperwork Reduction Act Submission, 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.
    Michelle Shore, 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, with revision, of the following report:

    Report title: Report of Money Market Mutual Fund Assets
    Agency form number: FR 2051a (formerly FR 2051a,b)
    OMB control number: 7100-0012
    Frequency: Weekly
    Reporters: Money Market Mutual Funds
    Annual reporting hours: 5,200 hours
    Estimated average hours per response: 3 minutes
    Number of respondents: 2,000
    General description of report: This information collection is 
voluntary (12 U.S.C. 353 et. seq.) and is given confidential treatment 
[5 U.S.C. 552(b)(4)].
    Abstract: The weekly FR 2051a collects data on total shares 
outstanding for approximately 2,000 money market mutual funds. The 
monthly FR 2051b collects data on total net assets and portfolio 
holdings for approximately 600 funds. The data are used to construct 
the monetary aggregates and for the analysis of current money market 
conditions and banking developments.
    Current Actions: The Federal Reserve proposes to discontinue the 
monthly FR 2051b. Prior to the discontinuance of the M3 monetary 
aggregate in March 2006, the monthly data were used in the construction 
of the M3 aggregate. Due to the M3 discontinuance, data from the FR 
2051b are no longer necessary. The discontinuance of the FR 2051b would 
reduce the annual burden by 1,440 hours to 5,200 hours.

Proposal to approve under OMB delegated authority the extension for 
three years, without revision, of the following reports:

    1. Report title: Uniform Application for Municipal Securities 
Principal or Municipal Securities Representative Associated with a Bank 
Municipal Securities Dealer; Uniform Termination Notice for Municipal 
Securities Principal or Municipal Securities Representative Associated 
with a Bank Municipal Securities Dealer
    Agency form number: FR MSD-4, FR MSD-5
    OMB control number: 7100-0100, 7100-0101
    Frequency: On occasion
    Reporters: State member banks and foreign dealer banks engaging in 
activities as municipal securities dealers.
    Annual reporting hours: FR MSD-4, 76 hours; FR MSD-5, 30 hours
    Estimated average hours per response: FR MSD-4, 1 hour; FR MSD-5, 
0.25 hours
    Number of respondents: FR MSD-4, 76; FR MSD-5, 119
    General description of report: These information collections are 
mandatory for state member banks (12 U.S.C. Sec.  248(a)(1)) and for 
foreign bank branches and agencies (12 U.S.C. 3105(c)(2)) and are given 
confidential treatment (5 U.S.C. Sec.  552(b)(6)).
    Abstract: The FR MSD-4 collects information, such as personal 
history and professional qualifications, on an employee whom the bank 
wishes to assume the duties of a municipal securities principal or 
representative. The FR MSD-5 collects the date of, and reason for, 
termination of such an employee.
    2. Report title: Notice By Financial Institutions of Government 
Securities Broker or Government Securities Dealer Activities; Notice By 
Financial Institutions of Termination of Activities as a Government 
Securities Broker or Government Securities Dealer
    Agency form number: FR G-FIN, FR G-FINW
    OMB control number: 7100-0224
    Frequency: On occasion
    Reporters: State member banks, foreign banks, uninsured state 
branches or state agencies of foreign banks, commercial lending 
companies owned or controlled by foreign banks, and Edge corporations.
    Annual reporting hours: FR G-FIN, 26 hours; FR G-FINW, 1 hour
    Estimated average hours per response: FR G-FIN, 1 hour; FR G-FINW, 
0.25 hours
    Number of respondents: FR G-FIN, 26; FR G-FINW, 5
    General description of report: These information collections are 
mandatory (15 U.S.C. 78o-5(a)(1)(B)) and are not given confidential 
treatment.
    Abstract: The Government Securities Act of 1986 (the Act) requires 
financial institutions to notify their appropriate regulatory authority 
of their intent to engage in government securities broker or dealer 
activity, to amend information submitted previously, and to record 
their termination of such activity. The Federal Reserve Board uses the 
information in its supervisory capacity to measure compliance with the 
Act.

    Board of Governors of the Federal Reserve System, January 29, 
2007.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. E7-1651 Filed 1-31-07; 8:45 am]
BILLING CODE 6210-01-S