[Federal Register Volume 72, Number 72 (Monday, April 16, 2007)]
[Notices]
[Pages 18996-18997]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-7137]


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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 Paperwork Reduction Act Submission, 
supporting statements and approved collection of information

[[Page 18997]]

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 Shore--Division of Research and Statistics, Board of 
Governors of the Federal Reserve System, Washington, DC 20551 (202-452-
3829)
    OMB Desk Officer--Alexander T. Hunt--Office of Information and 
Regulatory Affairs, Office of Management and Budget, New Executive 
Office Building, Room 10235, Washington, DC 20503.

Final approval under OMB delegated authority of 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: On February 1, 2007, the Federal Reserve published 
a notice in the Federal Register (72 FR 4708) requesting public comment 
for 60 days on the extension, with revision, of the Report of Money 
Market Mutual Fund Assets. The comment period for this notice expired 
on April 2, 2007. No comments were received. The revisions will be 
implemented as proposed.
    The Federal Reserve proposed 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 will reduce the annual 
burden by 1,440 hours to 5,200 hours.

Final approval under OMB delegated authority of 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.
    Current Actions: On February 1, 2007, the Federal Reserve published 
a notice in the Federal Register (72 FR 4708) requesting public comment 
for 60 days on the extension, without revision, of the Uniform 
Application for Municipal Securities Principal or Municipal Securities 
Representative Associated with a Bank Municipal Securities Dealer, and 
the Uniform Termination Notice for Municipal Securities Principal or 
Municipal Securities Representative Associated with a Bank Municipal 
Securities Dealer. The comment period for this notice expired on April 
2, 2007. No comments were received.
    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.
    Current Actions: On February 1, 2007, the Federal Reserve published 
a notice in the Federal Register (72 FR 4708) requesting public comment 
for 60 days on the extension, without revision, of the Notice By 
Financial Institutions of Government Securities Broker or Government 
Securities Dealer Activities, and the Notice By Financial Institutions 
of Termination of Activities as a Government Securities Broker or 
Government Securities Dealer. The comment period for this notice 
expired on April 2, 2007. No comments were received.

    Board of Governors of the Federal Reserve System, April 11, 
2007.
Jennifer J. Johnson
Secretary of the Board.
[FR Doc. E7-7137 Filed 4-13-07; 8:45 am]
BILLING CODE 6210-01-S