[Federal Register Volume 77, Number 155 (Friday, August 10, 2012)]
[Notices]
[Pages 47841-47843]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-19595]


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

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, without revision, of the following reports:
    1. Report title: Report of Transaction Accounts, Other Deposits, 
and Vault Cash.
    Agency form Number: FR 2900.
    OMB Control Number: 7100-0087.
    Frequency: Weekly and quarterly.
    Reporters: Depository institutions.
    Estimated annual reporting hours: 549,878 hours.
    Estimated average time per response: 3.50 hours.
    Number of respondents: 2,669 weekly and 4,580 quarterly.
    General description of report: This information collection is 
mandatory by the Federal Reserve Act (12 U.S.C. 248(a), 461, 603, and 
615) and Regulation D (12 CFR part 204). The data are given 
confidential treatment (5 U.S.C. 552(b)(4)).
    Abstract: Institutions with net transaction accounts greater than 
the exemption amount are called nonexempt institutions. Institutions 
with total transaction accounts, savings deposits, and small time 
deposits greater than or equal to the reduced reporting limit, 
regardless of the level of their net transaction accounts, are also 
referred to as nonexempt institutions. Nonexempt institutions submit FR 
2900 data either weekly or quarterly. An institution is required to 
report weekly if its total transaction accounts, savings deposits, and 
small time deposits are greater than or equal to the nonexempt deposit 
cutoff. If the nonexempt institution's total transaction accounts, 
savings deposits, and small time deposits are less than the nonexempt 
deposit cutoff then the institution must report quarterly or may elect 
to report weekly. U.S. branches and agencies of

[[Page 47842]]

foreign banks and banking Edge and agreement corporations submit the FR 
2900 data weekly, regardless of their size. These mandatory data are 
used by the Federal Reserve for administering Regulation D (Reserve 
Requirements of Depository Institutions) and for constructing, 
analyzing, and monitoring the monetary and reserve aggregates.
    Current Actions: On May 23, 2012, the Federal Reserve published a 
notice in the Federal Register (77 FR 30532) requesting public comment 
for 60 days on the extension, without revision, of the FR 2900. The 
comment period for this notice expired on July 23, 2012. The Federal 
Reserve received one substantive comment letter from a U.S. Government 
agency. The commenter supported the continued collection of the FR 2900 
data and described its use of the data in constructing quarterly and 
annual estimates of the net interest component of national income and 
the personal interest income component of personal income in the 
national income and product accounts.
    2. Report title: Annual Report of Deposits and Reservable 
Liabilities.
    Agency form Number: FR 2910a.
    OMB Control Number: 7100-0175.
    Frequency: Annually.
    Reporters: Depository institutions.
    Estimated annual reporting hours: 3,503 hours.
    Estimated average time per response: 45 minutes.
    Number of respondents: 4,670.
    General description of report: This information collection is 
mandatory by the Federal Reserve Act (12 U.S.C. 248(a) and 461) and 
Regulation D (12 CFR part 204). The data are given confidential 
treatment (5 U.S.C. 552(b)(4)).
    Abstract: The FR 2910a is an annual report generally filed by 
depository institutions that are exempt from reserve requirements under 
the Garn-St Germain Depository Institutions Act of 1982 and whose total 
deposits, measured from depository institutions' December quarterly 
condition reports, are greater than the exemption amount but less than 
the reduced reporting limit. The report contains three data items that 
are to be submitted for a single day, June 30: (1) Total transaction 
accounts, savings deposits, and small time deposits; (2) reservable 
liabilities; and (3) net transaction accounts. The data collected on 
this report serves two purposes. First, the data are used to determine 
which depository institutions will remain exempt from reserve 
requirements and consequently eligible for reduced reporting for 
another year. Second, the data are used in the annual indexation of the 
low reserve tranche, the exemption amount, the nonexempt deposit 
cutoff, and the reduced reporting limit. These mandatory data are used 
by the Federal Reserve for administering Regulation D and for 
constructing, analyzing, and monitoring the monetary and reserve 
aggregates.
    Current Actions: On May 23, 2012, the Federal Reserve published a 
notice in the Federal Register (77 FR 30532) requesting public comment 
for 60 days on the extension, without revision, of the FR 2910a. The 
comment period for this notice expired on July 23, 2012. The Federal 
Reserve did not receive any comments.
    3. Report title: Report of Foreign (Non-U.S.) Currency Deposits.
    Agency form Number: FR 2915.
    OMB Control Number: 7100-0237.
    Frequency: Quarterly.
    Reporters: Depository institutions.
    Estimated annual reporting hours: 284 hours.
    Estimated average time per response: 30 minutes.
    Number of respondents: 142.
    General description of report: This information collection is 
mandatory by the Federal Reserve Act (12 U.S.C. 248(a) and 347(d)) and 
Regulation D (12 CFR part 204). The data are given confidential 
treatment (5 U.S.C. 552(b)(4)).
    Abstract: All FR 2900 respondents, both weekly and quarterly, that 
offer deposits denominated in foreign currencies at their U.S. offices 
file the FR 2915. FR 2915 data are used to remove foreign currency 
deposits from aggregated FR 2900 data in constructing the monetary 
aggregates. All weekly and quarterly FR 2900 respondents offering 
foreign currency deposits file the FR 2915 quarterly, on the same 
reporting schedule as quarterly FR 2900 respondents. The FR 2915 is the 
only source of data on such deposits.
    Current Actions: On May 23, 2012, the Federal Reserve published a 
notice in the Federal Register (77 FR 30532) requesting public comment 
for 60 days on the extension, without revision, of the FR 2915. The 
comment period for this notice expired on July 23, 2012. The Federal 
Reserve did not receive any comments.
    4. Report title: Allocation of Low Reserve Tranche and Reservable 
Liabilities Exemption.
    Agency form Number: FR 2930.
    OMB Control Number: 7100-0088.
    Frequency: Annually and on occasion.
    Reporters: Depository institutions.
    Estimated annual reporting hours: 32 hours.
    Estimated average time per response: 15 minutes.
    Number of respondents: 126.
    General description of report: This information collection is 
mandatory by the Federal Reserve Act (12 U.S.C. 248(a), 461, 603, and 
615) and Regulation D (12 CFR part 204). The data are given 
confidential treatment (5 U.S.C. 552(b)(4)).
    Abstract: The FR 2930 provides information on the allocation of the 
low reserve tranche and the reservable liabilities exemption for 
depository institutions with offices in more than one state or Federal 
Reserve District or for those operating under operational convenience. 
For calculation of required reserves on net transaction accounts, there 
is a low reserve tranche within which deposits are reserved at a lower 
reserve requirement ratio than are amounts in excess of the low reserve 
tranche. Within the low reserve tranche, deposits under the reservable 
liabilities exemption amount are reserved at zero. All U.S. offices of 
the same parent depository institution share one low reserve tranche 
and one reservable liabilities exemption. This report provides the 
basis for allocating these amounts across separate reporting offices.
    Current Actions: On May 23, 2012, the Federal Reserve published a 
notice in the Federal Register (77 FR 30532) requesting public comment 
for 60 days on the extension, without revision, of the FR 2930. The 
comment period for this notice expired on July 23, 2012. The Federal 
Reserve did not receive any comments.
    5. Report title: Supervisory and Regulatory Survey.
    Agency form Number: FR 3052.
    OMB Control Number: 7100-0322.
    Frequency: On occasion.\1\
---------------------------------------------------------------------------

    \1\ The Federal Reserve conducts the survey as needed up to 24 
times per year.
---------------------------------------------------------------------------

    Reporters: Financial businesses.
    Estimated annual reporting hours: 60,000 hours.
    Estimated average time per response: 30 minutes.
    Number of respondents: 5,000.
    General description of report: This information collection is 
authorized pursuant to the: Federal Reserve Act, (12 U.S.C. 225a, 324, 
263, 602, and 625); Bank Holding Company Act, (12 U.S.C. 1844(c)); 
International Banking Act of 1978, (12 U.S.C. 3105(c)(2)); and Federal 
Deposit Insurance Act, (12 U.S.C. 1817(a)). Generally, respondent 
participation is voluntary. However, with respect to collections of 
information from state member banks, bank holding companies (and their 
subsidiaries), Edge and agreement corporations, and U.S. branches and 
agencies of foreign banks supervised by

[[Page 47843]]

the Federal Reserve, the Federal Reserve could make the surveys 
mandatory. The ability of the Federal Reserve to maintain the 
confidentiality of information provided by respondents to the FR 3052 
surveys is determined on a case-by-case basis depending on the type of 
information provided for a particular survey. Depending upon the survey 
questions, confidential treatment could be warranted under subsections 
(b)(4), (b)(6), and (b)(8) of the Freedom of Information Act (5 U.S.C. 
552(b)(4), (6), and (8)).
    Abstract: The supervision and policy functions of Federal Reserve 
have occasionally needed to gather data on an ad-hoc basis from the 
banking and financial industries on their financial condition (outside 
of the standardized regulatory reporting process) and decisions that 
organizations have made to adjust to the changes in the economy. 
Further, the data may relate to a particular business activity that 
requires a more detailed presentation of the information than is 
available through regulatory reports [such as the (FFIEC 031 and FFIEC 
041; OMB No. 7100-0036) (FFIEC 002; OMB No. 7100-0032) (FR 2886b; OMB 
No. 7100-0086), and (FR Y-9C; OMB No. 7100-0128)]. These data may be 
particularly needed in times of critical economic or regulatory changes 
or when issues of immediate supervisory concern arise from Federal 
Reserve supervisory initiatives and working groups or requests from 
Board Members and the Congress. The Federal Reserve uses this event-
driven survey to obtain information specifically tailored to the 
Federal Reserve's supervisory, regulatory, operational, and other 
responsibilities. The Federal Reserve conducts the survey as needed up 
to 24 times per year. The frequency and content of the questions depend 
on changing economic, regulatory, supervisory, or legislative 
developments.
    Current Actions: On May 23, 2012, the Federal Reserve published a 
notice in the Federal Register (77 FR 30532) requesting public comment 
for 60 days on the extension, without revision, of the FR 3052. The 
comment period for this notice expired on July 23, 2012. The Federal 
Reserve did not receive any comments.
    6. Report title: Consumer Financial Stability Surveys.
    Agency form Number: FR 3053.
    OMB Control Number: 7100-0323.
    Frequency: On occasion.\2\
---------------------------------------------------------------------------

    \2\ The Federal Reserve conducts the survey as needed up to 20 
times per year.
---------------------------------------------------------------------------

    Reporters: Individuals, households, and financial and non-financial 
businesses.
    Estimated annual reporting hours: 6,550 hours.
    Estimated average time per response:
    Consumer studies: Quantitative and general studies, 0.5 hours; 
financial institution consumers, .5 hours; qualitative studies, 1.5 
hours;
    Financial institution study: Financial institution staff, 1.5 
hours; and
    Stakeholder studies: Stakeholder clientele, 0.5 hours; stakeholder 
staff, 1.5 hours.
    Number of respondents:
    Consumer studies: Quantitative and general studies, 2,000; 
financial institution consumers, 500; qualitative studies, 100;
    Financial institution study: Financial institution staff, 25; and
    Stakeholder studies: Stakeholder clientele, 500; stakeholder staff, 
100.
    General description of report: This information collection is 
authorized pursuant to the: Community Reinvestment Act, (12 U.S.C. 
2905); Competitive Equality Banking Act, (12 U.S.C. 3806); Expedited 
Funds Availability Act, (12 U.S.C. 4008); Truth in Lending Act, (15 
U.S.C. 1604); Fair Credit Reporting Act, (15 U.S.C. 1681s(e)); Equal 
Credit Opportunity Act, (15 U.S.C. 1691b); Electronic Funds Transfer 
Act, (15 U.S.C. 1693b); Gramm-Leach-Bliley Act, (15 U.S.C. 6801(b)); 
and Flood Disaster Protections Act of 1973, (42 U.S.C. 4012a). 
Additionally, depending upon the survey respondent, the information 
collection may be authorized under a more specific statute. 
Specifically, this information collection is authorized pursuant to 
the: Federal Reserve Act, Sections 2A, 9, 12A, 25, and 25A (12 U.S.C. 
225a, 324, 263, 602, and 625); Bank Holding Company Act, Section 5(c) 
(12 U.S.C. 1844(c)); International Banking Act of 1978, Section 7(c)(2) 
(12 U.S.C. 3105(c)(2)); and Federal Deposit Insurance Act, Section 7(a) 
(12 U.S.C. 1817(a)). Respondent participation in these surveys is 
voluntary. The ability of the Federal Reserve to maintain the 
confidentiality of information provided by respondents to the FR 3053 
surveys will be determined on a case-by-case basis depending on the 
type of information provided for a particular survey. Depending upon 
the survey questions, confidential treatment could be warranted under 
the Freedom of Information Act (5 U.S.C. 552(b)(4) and (6)).
    Abstract: The Federal Reserve uses this event-driven survey to 
obtain information specifically tailored to the Federal Reserve's 
supervisory, regulatory, operational, informational, and other 
responsibilities. The studies are used to gather qualitative and 
quantitative information directly from: Consumers (consumer studies), 
financial institutions and other financial companies offering consumer 
financial products and services (financial institution study), and 
other stakeholders, such as state or local agencies, community 
development organizations, brokers, appraisers, settlement agents, 
software vendors, and consumer groups (stakeholder studies). The 
Federal Reserve conducts the FR 3053 up to 20 times per year, although 
the survey may not be conducted that frequently. The frequency and 
content of the questions depends on changing economic, regulatory, or 
legislative developments as well as changes in the financial services 
industry itself.
    Current Actions: On May 23, 2012, the Federal Reserve published a 
notice in the Federal Register (77 FR 30532) requesting public comment 
for 60 days on the extension, without revision, of the FR 3053. The 
comment period for this notice expired on July 23, 2012. The Federal 
Reserve did not receive any comments.

    Board of Governors of the Federal Reserve System, August 6, 
2012.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2012-19595 Filed 8-9-12; 8:45 am]
BILLING CODE 6210-01-P