[Federal Register Volume 74, Number 239 (Tuesday, December 15, 2009)]
[Notices]
[Pages 66359-66360]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E9-29734]


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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 
(PRA), 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 
Part 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 collection of information is 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 collection, 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 February 16, 2010.

ADDRESSES: You may submit comments, identified by FR 2034 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 the OMB 
control 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, 
NW., Washington, DC 20551.

All public comments are available from the Board's web site at http://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 form in Room MP-
500 of the Board's Martin Building (20th and C Streets, NW.) 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 PRA OMB submission, 
including the proposed reporting form and instructions, supporting 
statement, and other documentation will be placed into OMB's public 
docket files, once approved. These documents will also be made 
available on the Federal Reserve Board's public Web site at: http://www.federalreserve.gov/boarddocs/reportforms/review.cfm or may be

[[Page 66360]]

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).
    Proposal to approve under OMB delegated authority the 
implementation of the following survey:
    Report title: Senior Credit Officer Opinion Survey on Dealer 
Financing Terms.
    Agency form number: FR 2034.
    OMB control number: 7100-to be assigned.
    Frequency: Up to six times a year.
    Reporters: U.S. banking institutions and U.S. branches and agencies 
of foreign banks.
    Estimated annual reporting hours: 450 hours.
    Estimated average hours per response: 3 hours.
    Number of respondents: 25.
    General description of report: This information collection would be 
voluntary (12 U.S.C. 225a, 248(a)(2), 1844(c), and 3105(c)(2)) and 
would be given confidential treatment (5 U.S.C. 552(b)(4)).
    Abstract: This voluntary survey would be conducted with a senior 
credit officer at each respondent financial institution up to six times 
a year. The proposed reporting panel consists of up to 25 U.S. banking 
institutions and U.S. branches and agencies of foreign banks, the 
majority of which are affiliated with a Primary Government Securities 
Dealer \1\. The purpose of the proposed survey is to provide 
qualitative and limited quantitative information on (1) stringency of 
credit terms, (2) credit availability and demand across the entire 
range of securities financing and over-the-counter derivatives 
transactions, and (3) the evolution of market conditions and 
conventions applicable to such activities. The proposed survey is 
significantly modeled after the long-established Senior Loan Officer 
Opinion Survey (FR 2018; OMB No. 7100-0058), which provides qualitative 
information on changes in the supply of, and demand for, bank loans to 
businesses and households. A portion of the questions in each 
administration of the new survey would typically cover special topics 
of timely interest; however, the sample survey form includes 38 core 
questions.
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    \1\ A list of the current Primary Dealers in Government 
Securities is available at http://www.newyorkfed.org/markets/pridealers_current.html.
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    Although the Federal Reserve seeks the authority to conduct the 
survey up to six times a year, the survey is expected to be conducted 
only four times a year consistent with the FR 2018. The estimated 
maximum annual burden, based on six surveys, is 450 hours. Consistent 
with the FR 2018, other types of respondents, such as other depository 
institutions, bank holding companies, or other financial entities, may 
be surveyed if appropriate.
    The respondents' answers are intended to provide information 
critical to the Federal Reserve's monitoring of credit markets and 
capital market activity. As is currently the case with FR 2018, 
aggregate results from this survey are expected to be made available to 
the public on the Federal Reserve Board website. Selected aggregate 
information from the surveys may also be published annually in Federal 
Reserve Bulletin articles and in the Monetary Policy Report to the 
Congress.

    Board of Governors of the Federal Reserve System, December 9, 
2009.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. E9-29734 Filed 12-14-09; 8:45 am]
BILLING CODE 6210-01-P