[Federal Register Volume 77, Number 96 (Thursday, May 17, 2012)]
[Notices]
[Pages 29346-29347]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-11940]


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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: 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--Cynthia Ayouch--Division of Research and Statistics, Board of 
Governors of the Federal Reserve System, Washington, DC 20551, (202) 
452-3829. Telecommunications Device for the Deaf (TDD) users may 
contact (202) 263-4869, Board of Governors of the Federal Reserve 
System, Washington, DC 20551.
    OMB Desk Officer--Shagufta Ahmed--Office of Information and 
Regulatory Affairs, Office of Management and Budget, New Executive 
Office Building, Room 10235, 725 17th Street NW.,Washington, DC 20503.
    Final approval under OMB delegated authority of the extension for 
three years, with revision, of the following reports:
    1. Report title: Senior Loan Officer Opinion Survey on Bank Lending 
Practices.
    Agency form number: FR 2018.
    OMB control number: 7100-0058.
    Frequency: Up to six times a year.
    Reporters: Domestically chartered large commercial banks and large 
U.S. branches and agencies of foreign banks.
    Estimated annual reporting hours: 1,248 hours.
    Estimated average hours per response: 2 hours.
    Number of respondents: 104.
    General description of report: This information collection is 
authorized by Sections 2A, 12A and 11 of the Federal Reserve Act (12 
U.S.C. 225a, 248(a) and 12 U.S.C. Sec.  263)) and Section 7 of the 
International Banking Act (12 U.S.C. 3105(c)(2)) and is voluntary. 
Individual respondent data are regarded as confidential under the 
authority of exemption 4 of the Freedom of Information Act (5 U.S.C. 
552(b)(4)).
    Abstract: The FR 2018 is conducted with a senior loan officer at 
each respondent bank, generally through electronic submission, up to 
six times a year. The purpose of the survey is to provide qualitative 
and limited quantitative information on credit availability and demand, 
as well as evolving developments and lending practices in the U.S. loan 
markets. Consequently, a portion of the questions in each survey 
typically covers special topics of timely interest. There is the option 
to survey other types of respondents (such as other depository 
institutions, bank holding companies, or other financial entities) 
should the need

[[Page 29347]]

arise. The FR 2018 survey provides crucial information for monitoring 
and understanding the evolution of lending practices at banks and 
developments in credit markets.
    Current Actions: The Federal Reserve proposes to reduce the minimum 
asset size for panel institutions from $3 billion to $2 billion and add 
20 domestically chartered commercial banks with $2 to $10 billion in 
total assets to the current reporting panel. The Federal Reserve 
believes that the additions to the panel would provide deeper coverage 
of commercial real estate loans and small business lending, as well as 
a more comprehensive picture of differences in lending conditions at 
the largest banks and regional banks.
    On February 6, 2012, the Federal Reserve published a notice in the 
Federal Register (77 FR 5802) requesting public comment for 60 days on 
the proposal to extend, with revision, the Senior Loan Officer Opinion 
Survey on Bank Lending Practices. The comment period for this notice 
expired on April 6, 2012. The Federal Reserve did not receive any 
comments. The revisions will be implemented as proposed.
    2. Report title: Senior Financial Officer Survey.
    Agency form number: FR 2023.
    OMB control number: 7100-0223.
    Frequency: Up to four times a year.
    Reporters: Domestically chartered large commercial banks.
    Estimated annual reporting hours: 960 hours.
    Estimated average hours per response: 3 hours.
    Number of respondents: 80.
    General description of report: This information collection is 
authorized by Sections 2A, 11 and 12A of the Federal Reserve Act (12 
U.S.C. 225a, 248(a), and 263) and is voluntary. Individual respondent 
data are regarded as confidential under the authority of exemption 4 of 
the Freedom of Information Act (5 U.S.C. 552(b)(4)).
    Abstract: The Federal Reserve uses this voluntary survey to collect 
qualitative and limited quantitative information about liability 
management, the provision of financial services, and the functioning of 
key financial markets. Responses are obtained from a senior officer at 
each participating institution usually through an electronic 
submission. The survey is conducted when major informational needs 
arise and cannot be met from existing data sources. The survey does not 
have a fixed set of questions; each survey consists of a limited number 
of questions directed at topics of timely interest. The survey helps 
pinpoint developing trends in bank funding practices, enabling the 
Federal Reserve to distinguish these trends from transitory phenomena.
    Current Actions: The Federal Reserve proposes to add 20 
domestically chartered commercial banks with $2 to $10 billion in total 
assets to the current reporting panel and reduce the minimum asset size 
for panel institutions from $3 billion to $2 billion. The Federal 
Reserve believes that the additions to the panel would provide a more 
comprehensive picture of differences in funding conditions at the 
largest banks and regional banks, and deeper coverage of banks that 
lend in commercial real estate and small business markets. The 
reporting panel selection criteria for the FR 2023 are consistent with 
those criteria from the FR 2018. The proposed FR 2023 panel revisions 
are necessary in order to maintain consistency with the proposed panel 
revision in the FR 2018.
    On February 6, 2012, the Federal Reserve published a notice in the 
Federal Register (77 FR 5802) requesting public comment for 60 days on 
the proposal to extend, with revision, the Senior Financial Officer 
Survey. The comment period for this notice expired on April 6, 2012. 
The Federal Reserve did not receive any comments. The revisions will be 
implemented as proposed.

    Board of Governors of the Federal Reserve System.

    Dated: May 14, 2012.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. 2012-11940 Filed 5-16-12; 8:45 am]
BILLING CODE 6210-01-P