[Federal Register Volume 81, Number 54 (Monday, March 21, 2016)]
[Notices]
[Pages 15109-15110]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-06278]


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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 a proposed 
information collection 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 Clearance 
Officer--Nuha Elmaghrabi--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, with revision, of the following report:
    Report title: Survey of Finance Companies.
    Agency form number: FR 3033s.
    OMB control number: 7100-0277.
    Frequency: Every five years.
    Reporters: Finance companies and mortgage companies.
    Estimated annual reporting hours: 1,800 hours.
    Estimated average hours per response: 1.5 hours.
    Number of respondents: 1,200.
    General description of report: Section 2A of the Federal Reserve 
Act (``FRA'') requires that the Board and the Federal Open Market 
Committee maintain long run growth of the monetary and credit 
aggregates commensurate with the economy's long run potential to 
increase production, so as to promote effectively the goals of maximum 
employment, stable prices, and moderate long-term interest rates. (12 
U.S.C. 225a). Under section 12A of the FRA, the Federal Open Market 
Committee is required to implement regulations relating to the open 
market operations conducted by Federal Reserve Banks with a view to 
accommodating commerce and business and with regard to their bearing 
upon the general credit situation of the country. (12 U.S.C. 263). 
Section 14 of the FRA authorizes the Reserve Banks, under rules and 
regulations prescribed by the Board, to engage in open market 
operations. (12 U.S.C. 355-59).
    Abstract: The Federal Reserve proposes to conduct, with revision, 
the second stage of a two-stage survey of finance companies that is 
conducted every five years (the ``quinquennial''). The second stage of 
the quinquennial is the FR 3033s. The first stage of the quinquennial, 
the Census of Finance Companies (FR 3033p) was in May 2015 sent to all 
companies that met the criteria developed to identify the potential 
universe of domestic finance companies. From the universe of finance 
companies determined by the FR 3033p, a stratified random sample of

[[Page 15110]]

3,000 finance companies has been drawn for the FR 3033s. The survey 
will be sent on March 21, 2016, and will collect detailed information, 
as of December 31, 2015, from both assets and liability sides of the 
respondents' balance sheets, along with income and expenses, the number 
of accounts and offices, and the small-business credit they extend, if 
any. The data collected from this voluntary survey will be used for two 
purposes: to benchmark the consumer and business finance series 
collected on the monthly Domestic Finance Company Report of 
Consolidated Assets and Liabilities (FR 2248; OMB No. 7100-0005) and to 
increase the Board's understanding of an important part of the 
financial system.
    Current Actions: On January 12, 2016, the Federal Reserve published 
a notice in the Federal Register (81 FR 1421) requesting public comment 
for 60 days on the proposal to extend the FR 3033s for three years and 
to revise the survey by adding a section to solicit information from 
the finance companies on income and expenses, number of accounts and 
offices, and small business credit they extend. The comment period for 
the notice expired on March 14, 2016. The Federal Reserve did not 
receive any comments, and the information collection will be revised as 
proposed.

    Board of Governors of the Federal Reserve System, March 16, 
2016.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2016-06278 Filed 3-18-16; 8:45 am]
 BILLING CODE 6210-01-P