[Federal Register Volume 75, Number 68 (Friday, April 9, 2010)]
[Notices]
[Pages 18208-18209]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-8091]


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FEDERAL RESERVE SYSTEM


Agency Information Collection Activities: Announcement of Board 
Approval Under Delegated Authority and Submission to OMB

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 
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--Shagufta Ahmed, 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 Implementation of 
the Following Report

    Report title: Census of Finance Companies.
    Agency form number: FR 3033p.
    OMB control number: 7100-0277.
    Frequency: One-time.
    Reporters: Domestic finance companies and mortgage companies.
    Estimated annual reporting hours: 6,000 hours.
    Estimated average hours per response: 0.33 hours.
    Number of respondents: 18,000.
    General description of report: This information collection is 
authorized by law (12 U.S.C. 225a, 263, and 353-359) and is voluntary. 
Individual responses are exempt from disclosure pursuant to section 
(b)(4) of the Freedom of Information Act (5 U.S.C. 552).
    Abstract: The FR 3033 information collection includes the Census of 
Finance Companies (FR 3033p) and the Quinquennial Finance Company 
Survey (FR 3033s). The survey will be reviewed in a separate proposal 
in 2010.
    Since June 1955, the Federal Reserve System has surveyed the assets 
and liabilities of finance companies at five-year intervals. The census 
would ask a set of questions designed to identify the universe of 
finance companies eligible for potential inclusion in the survey and to 
enable the stratification of the sample for more statistically 
efficient estimation. The census would gather limited information 
including total assets, areas of specialization, and information on the 
corporate structure of the companies.
    For purposes of this information collection, finance companies were 
defined as domestic companies (excluding commercial banks, cooperative 
banks, investment banks, savings banks, savings and loan institutions 
and industrial loan corporations or their subsidiaries) whose largest 
portion of assets is made up of consumer or business loans or leases.
    Current actions: On January 29, 2010, the Federal Reserve published 
a notice in the Federal Register (75 FR 4819) requesting public comment 
for 60 days on the implementation of the FR 3033p. The comment period 
for this notice expired on March 30, 2010. The Federal Reserve did not 
receive any comments. The report will be implemented as proposed.

Final Approval Under OMB Delegated Authority of the Extension for Three 
Years, With Revision, of the Following Report

    Report title: Semiannual Report of Derivatives Activity.
    Agency form number: FR 2436.
    OMB control number: 7100-0286.
    Frequency: Semiannually.
    Reporters: U.S. dealers of over-the-counter derivatives.
    Annual reporting hours: 2,100 hours.
    Estimated average hours per response: 210 hours.
    Number of respondents: 5.
    General description of report: This information collection is 
voluntary (12 U.S.C. 225a, 248(a), 348(a), 263, and 353-359) and is 
given confidential treatment (5 U.S.C. 552(b)(4)).
    Abstract: This voluntary report collects derivatives market 
statistics from the five largest U.S. dealers of over-the-counter (OTC) 
derivatives. Data are collected on the notional amounts and gross 
market values of the volumes outstanding of broad categories of foreign 
exchange, interest rate, and equity- and commodity-linked OTC 
derivatives contracts across a range of underlying currencies, interest 
rates, and equity markets.
    This collection of information complements the ongoing triennial 
Survey of Foreign Exchange and Derivatives Market Activity (FR 3036; 
OMB No. 7100-0285). The FR 2436 collects similar data on the 
outstanding volume of derivatives, but not on derivatives turnover. The 
Federal Reserve conducts both surveys in coordination with other 
central banks and forwards the aggregated data furnished by U.S. 
reporters to the Bank for International Settlements (BIS), which 
publishes global market statistics that are aggregations of national 
data.
    Current Actions: On January 29, 2010, the Federal Reserve published 
a notice in the Federal Register (75 FR 4819) requesting public comment 
for 60 days on the extension, with revision, of the FR 2436. The 
comment period for this

[[Page 18209]]

notice expired on March 30, 2010. The Federal Reserve did not receive 
any comments. The revisions will be implemented as proposed.

Final Approval Under OMB Delegated Authority of the Extension for Three 
Years, Without Revision, of the Following Reports

    1. Report title: Notice of Branch Closure.
    Agency form number: FR 4031.
    OMB control number: 7100-0264.
    Frequency: On occasion.
    Reporters: State member banks.
    Estimated annual reporting hours: 291 hours.
    Estimated average hours per response: Reporting requirements, 2 
hours; Disclosure requirements, customer mailing, 0.75 hours and posted 
notice, 0.25 hours; and Recordkeeping requirements, 8 hours.
    Number of respondents: Reporting requirements, 70; Disclosure 
requirements, customer mailing, 70 and posted notice, 70; and 
Recordkeeping requirements, 10.
    General description of report: This information collection is 
mandatory (12 U.S.C. 1831r-l(a)(1)) and may be given confidential 
treatment upon request (5 U.S.C. 552(b)(4)).
    Abstract: The mandatory reporting, recordkeeping, and disclosure 
requirements regarding the closing of any branch of an insured 
depository institution are imposed by section 228 of the Federal 
Deposit Insurance Corporation Improvement Act of 1991. There is no 
reporting form associated with the reporting portion of this 
information collection; State member banks notify the Federal Reserve 
by letter prior to closing a branch. The Federal Reserve uses the 
information to fulfill its statutory obligation to supervise State 
member banks.
    Current Actions: On January 29, 2010, the Federal Reserve published 
a notice in the Federal Register (75 FR 4819) requesting public comment 
for 60 days on the extension, without revision, of the FR 4031. The 
comment period for this notice expired on March 30, 2010. The Federal 
Reserve did not receive any comments.
    2. Report title: Reports Related to Securities Issued by State 
Member Banks as Required by Regulation H.
    Agency form number: FR H-1.
    OMB control number: 7100-0091.
    Frequency: Quarterly and on occasion.
    Reporters: State member banks.
    Estimated annual reporting hours: 1,230 hours.
    Estimated average hours per response: 5.17 hours.
    Number of respondents: 14.
    General description of report: This information collection is 
mandatory (15 U.S.C. 781(i) and 78w(a)(1)) and is not given 
confidential treatment.
    Abstract: The Federal Reserve's Regulation H requires certain State 
member banks to submit information relating to their securities to the 
Federal Reserve on the same forms that bank holding companies and 
nonbank entities use to submit similar information to the Securities 
and Exchange Commission. The information is primarily used for public 
disclosure and is available to the public upon request.
    Current Actions: On January 29, 2010, the Federal Reserve published 
a notice in the Federal Register (75 FR 4819) requesting public comment 
for 60 days on the extension, without revision, of the FR H-1. The 
comment period for this notice expired on March 30, 2010. The Federal 
Reserve did not receive any comments.

    Board of Governors of the Federal Reserve System, April 6, 2010.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 2010-8091 Filed 4-8-10; 8:45 am]
BILLING CODE 6210-01-P