[Federal Register Volume 80, Number 80 (Monday, April 27, 2015)]
[Notices]
[Pages 23274-23275]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-09642]


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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. 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, Acting 
Clearance Officer--Mark Tokarski--Office of the Chief Data Officer, 
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: 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, 11 and 12A of the Federal Reserve Act (12 
U.S.C. 225a, 248(a) and 263) and Section 7 of the International Banking 
Act (12 U.S.C. 3105(c)(2)) and is voluntary. Individual survey 
responses from each respondent can be held confidential under section 
(b)(4) of the Freedom of Information Act (5 U.S.C. 552(b)(4)). However, 
certain data from the survey is reported is aggregate from and the 
information in aggregate form is made publicly available and not 
considered confidential.
    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 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: On February 11, 2015, the Federal Reserve 
published a notice in the Federal Register (80 FR 7592) requesting 
public comment for 60 days on the extension, without revision, of the 
Senior Loan Officer Opinion Survey on Bank Lending Practices. The 
comment period for this notice expired on April 13, 2015. The Federal 
Reserve did not receive any comments. The information collection will 
be extended for three years, without revision, 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. The ability of the 
Federal Reserve to maintain the confidentiality of information provided 
by respondents to the FR 2023 surveys will be determined on a case by 
case basis depending on the data collected under a particular survey. 
The individual survey responses from each respondent can be held 
confidential under section (b)(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: On February 11, 2015, the Federal Reserve 
published a notice in the Federal Register (80 FR 7592) requesting 
public comment for 60 days on the extension, without revision,

[[Page 23275]]

of the Senior Financial Officer Survey. The comment period for this 
notice expired on April 13, 2015. The Federal Reserve did not receive 
any comments. The information collection will be extended for three 
years, without revision, as proposed.
    3. Report title: Survey of Terms of Lending.
    Agency form number: FR 2028A, FR 2028B, and FR 2028S.
    OMB control number: 7100-0061.
    Frequency: Quarterly.
    Reporters: Commercial banks (FR 2028A, FR 2028B, and FR 2028S) and 
U.S. branches and agencies of foreign banks (FR 2028A and FR 2028S 
only).
    Estimated annual reporting hours: 7,358 hours.
    Estimated average hours per response: FR 2028A, 3.6 hours; FR 
2028B, 1.4 hours; and FR 2028S, 0.1 hours.
    Number of respondents: FR 2028A, 398; FR 2028B, 250; and FR 2028S, 
567.
    General description of report: This information collection is 
authorized by section 11(a)(2) of the Federal Reserve Act (12 U.S.C. 
248(a)(2)) and is voluntary. Individual responses reported on the FR 
2028A and FR 2028B are regarded as confidential under the Freedom of 
Information Act (5 U.S.C. 552(b)(4)).
    Abstract: The Survey of Terms of Lending collects unique 
information concerning price and certain nonprice terms of loans made 
to businesses and farmers during the first full business week of the 
mid-month of each quarter (February, May, August, and November). The 
survey comprises three reporting forms: the FR 2028A, Survey of Terms 
of Business Lending; the FR 2028B, Survey of Terms of Bank Lending to 
Farmers; and the FR 2028S, Prime Rate Supplement to the Survey of Terms 
of Lending (STL). The FR 2028A and FR 2028B collect detailed data on 
individual loans made during the survey week, and the FR 2028S collects 
the prime interest rate for each day of the survey from both FR 2028A 
and FR 2028B respondents. From these sample STL data, estimates of the 
terms of business loans and farm loans extended during the reporting 
week are constructed. The aggregate estimates for business loans are 
published in the quarterly E.2 release, Survey of Terms of Business 
Lending, and aggregate estimates for farm loans are published in the 
E.15 release, Agricultural Finance Databook.
    Current Actions: On February 11, 2015, the Federal Reserve 
published a notice in the Federal Register (80 FR 7592) requesting 
public comment for 60 days on the extension, without revision, of the 
FR 2028A, FR 2028B, and FR 2028S. The comment period for this notice 
expired on April 13, 2015. The Federal Reserve did not receive any 
comments. The information collection will be extended for three years, 
without revision, as proposed.
    4. Report title: Bank Holding Company Report of Insured Depository 
Institutions' Section 23A Transactions with Affiliates.
    Agency form number: FR Y-8.
    OMB control number: 7100-0126.
    Frequency: Quarterly.
    Reporters: Top-tier bank holding companies (BHCs), including 
financial holding companies (FHCs) and savings and loan holding 
companies (SLHCs), for all insured depository institutions that are 
owned by the BHC and by foreign banking organizations (FBOs) that 
directly own a U.S. subsidiary bank.
    Estimated annual reporting hours: Institutions with covered 
transactions, 30,326 hours; Institutions without covered transactions, 
17,096 hours.
    Estimated average hours per response: Institutions with covered 
transactions, 7.8 hours; Institutions without covered transactions, 1 
hour.
    Number of respondents: Institutions with covered transactions, 972; 
Institutions without covered transactions, 4,274.
    General description of report: This information collection is 
mandatory pursuant to section 5(c) of the Bank Holding Company Act (12 
U.S.C. 1844(c)); section 225.5(b) of Regulation Y (12 CFR 225.5(b)); 
and Section 10(b)(2) of the Home Owners' Loan Act (12 U.S.C. 
1467a(b)(2)), as amended by section 369 of the Dodd-Frank Act. The data 
are confidential pursuant to the Freedom of Information Act (5 U.S.C. 
552(b)(4)). Section (b)(4) exempts information deemed competitively 
sensitive from disclosure.
    Abstract: The FR Y-8 collects information on transactions between 
an insured depository institution and its affiliates that are subject 
to section 23A of the Federal Reserve Act. The primary purpose of the 
data is to enhance the Federal Reserve's ability to monitor insured 
depository institutions' exposures to affiliates and to ensure insured 
depository institutions' compliance with section 23A of the Federal 
Reserve Act. Section 23A of the Federal Reserve Act is one of the most 
important statutes on limiting exposures to individual institutions and 
protecting against the expansion of the federal safety net.
    Current Actions: On February 11, 2015, the Federal Reserve 
published a notice in the Federal Register (80 FR 7592) requesting 
public comment for 60 days on the extension, without revision, of the 
FR Y-8. The comment period for this notice expired on April 13, 2015. 
The Federal Reserve did not receive any comments. The information 
collection will be extended for three years, without revision, as 
proposed.

    Board of Governors of the Federal Reserve System, April 21, 
2015.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2015-09642 Filed 4-24-15; 8:45 am]
 BILLING CODE 6210-01-P