[Federal Register Volume 75, Number 225 (Tuesday, November 23, 2010)]
[Notices]
[Pages 71439-71440]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-29454]


=======================================================================
-----------------------------------------------------------------------

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: Acting Federal Reserve Board Clearance 
Officer--Cindy Ayouch--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 extension for 
three years, with revision, of the following report:
    Report title: Domestic Finance Company Report of Consolidated 
Assets and Liabilities.
    Agency form number: FR 2248.
    OMB control number: 7100-0005.
    DATES: Effective Date: December 31, 2010.
    Frequency: Monthly, Quarterly, and Semi-annually.
    Reporters: Domestic finance companies and mortgage companies.
    Estimated annual reporting hours: 350 hours.
    Estimated average hours per response: Monthly, 20 minutes; 
Quarterly, 30 minutes; Semi-annually, 10 minutes.
    Number of respondents: 70.
    General description of report: This information collection is 
authorized pursuant the Federal Reserve Act (12 U.S.C. 225(a)). 
Obligation to respond to this information collection is voluntary. 
Individual respondent data are

[[Page 71440]]

confidential under section (b)(4) of the Freedom of Information Act (5 
U.S.C. 552).
    Abstract: The FR 2248 is collected monthly as of the last calendar 
day of the month from a stratified sample of finance companies. Each 
monthly report collects balance sheet data on major categories of 
consumer and business credit receivables and on major short-term 
liabilities. For quarter-end months (March, June, September, and 
December), additional asset and liability items are collected to 
provide a full balance sheet. A supplemental section collects data on 
securitized assets. The data are used to construct universe estimates 
of finance company holdings, which are published in the monthly 
statistical releases Finance Companies (G.20) and Consumer Credit 
(G.19), in the quarterly statistical release Flow of Funds Accounts of 
the United States (Z.1), and in the Federal Reserve Bulletin (Tables 
1.51, 1.52, and 1.55).
    Current Actions: On September 13, 2010, the Federal Reserve 
published a notice in the Federal Register (75 FR 55579) requesting 
public comment for 60 days on the extension, with revision, of the 
Domestic Finance Company Report of Consolidated Assets and Liabilities. 
The comment period for this notice expired on November 12, 2010. The 
Federal Reserve did not receive any comments. The revisions will be 
implemented as proposed.
    Final approval under OMB delegated authority of the implementation 
of the following survey:
    Report title: Survey of Finance Companies.
    Agency form number: FR 3033s.
    OMB control number: 7100-0277.
    Dates: Effective Date: December 31, 2010.
    Frequency: One-time.
    Reporters: Finance companies and mortgage companies.
    Estimated annual reporting hours: 2,700 hours.
    Estimated average hours per response: 1.5 hours.
    Number of respondents: 1,800.
    General description of report: This information collection is 
authorized pursuant the Federal Reserve Act (12 U.S.C. 225a, 263, and 
355-59).
    Obligation to respond to this information collection is voluntary. 
Individual respondent data are confidential under section (b)(4) of the 
Freedom of Information Act (5 U.S.C. 552).
    Abstract: This information collection is a two-stage survey of 
finance and mortgage companies. The first stage is a simple 
questionnaire (FR 3033p) that is sent to all known domestic finance and 
mortgage companies and that asks for information about each company's 
total net assets, areas of specialization, and other characteristics. 
From the questionnaire respondents, the Federal Reserve draws a 
stratified random sample of finance and mortgage companies for the 
second stage, the survey itself (FR 3033s). The survey requests 
detailed information from both sides of the respondents' balance 
sheets. The Federal Reserve Board initiates data collection and 
analysis, and staff at the Federal Reserve Banks follow up on data 
quality issues, collect data from late FR 3033s, and resolve other 
outstanding questions.
    Current Actions: On September 13, 2010, the Federal Reserve 
published a notice in the Federal Register (75 FR 55579) requesting 
public comment for 60 days on the implementation of the Survey of 
Finance Companies. The comment period for this notice expired on 
November 12, 2010. The Federal Reserve did not receive any comments. 
The survey will be conducted as proposed.

Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 2010-29454 Filed 11-22-10; 8:45 am]
BILLING CODE 6210-01-P