[Federal Register Volume 82, Number 204 (Tuesday, October 24, 2017)]
[Notices]
[Pages 49207-49208]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-23003]


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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: The Board of Governors of the Federal Reserve System (Board) 
is adopting a proposal to extend for three years, without revision, the 
Government Securities Dealers Reports (FR 2004; OMB No. 7100-0003) and 
a proposal to extend for three years, with revision, the voluntary 
Weekly Report of Selected Assets and Liabilities of Domestically 
Chartered Commercial Banks and U.S. Branches and Agencies of Foreign 
Banks (FR 2644; OMB No. 7100-0075). The FR 2644 revisions are effective 
as of January 3, 2018.
    On June 15, 1984, the Office of Management and Budget (OMB) 
delegated to the Board authority under the Paperwork Reduction Act 
(PRA) to approve of and assign OMB control numbers to collection of 
information requests and requirements conducted or sponsored by the 
Board. 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

[[Page 49208]]

Regulatory Affairs, Office of Management and Budget, New Executive 
Office Building, Room 10235, 725 17th Street NW., Washington, DC 20503 
or by fax to (202) 395-6974.
    Final approval under OMB delegated authority of the extension for 
three years, without revision, of the following report:
    Report title: The Government Securities Dealers Reports: Weekly 
Report of Dealer Positions (FR 2004A), Weekly Report of Cumulative 
Dealer Transactions (FR 2004B), Weekly Report of Dealer Financing and 
Fails (FR 2004C), Weekly Report of Specific Issues (FR 2004SI), Daily 
Report of Specific Issues (FR 2004SD), Supplement to the Daily Report 
of Specific Issues (FR 2004SD ad hoc), Daily Report of Dealer Activity 
in Treasury Financing (FR 2004WI), Settlement Cycle Report of Dealer 
Fails and Transaction Volumes: Class A (FR 2004FA), Settlement Cycle 
Report of Dealer Fails and Transaction Volumes: Class B (FR 2004FB), 
Settlement Cycle Report of Dealer Fails and Transaction Volumes: Class 
C (FR 2004FC), and Settlement Cycle Report of Dealer Fails and 
Transaction Volumes (FR 2004FM).
    Agency form number: FR 2004.
    OMB control number: 7100-0003.
    Frequency: Weekly, daily, monthly.
    Respondents: Dealers in the U.S. government securities market.
    Estimated number of respondents: 23.
    Estimated average hours per response: FR 2004A, 3.0 hours; FR 
2004B, 3.7 hours; FR 2004C, 3.1 hours; FR 2004SI, 2.2 hours; FR 2004SD, 
2.2 hours; FR 2004SD ad hoc, 2.0 hours; FR 2004WI, 1.0 hour; FR 2004FA, 
1.0 hour; FR 2004FB, 1.0 hour; FR 2004FC, 1.0 hour; FR 2004FM, 1.5 
hours.
    Estimated annual burden hours: FR 2004A, 3,588 hours; FR 2004B, 
4,425 hours; FR 2004C, 3,708 hours; FR 2004SI, 2,631 hours; FR 2004SD, 
1,265 hours; FR 2004SD ad hoc, 1,196 hours; FR 2004WI, 3,680 hours; FR 
2004FA, 276 hours; FR 2004FB, 276 hours; FR 2004FC, 276 hours; FR 
2004FM, 414 hours.
    General description of report: The Federal Reserve Bank of New 
York, on behalf of the Federal Reserve System, collects data from 
primary dealers in the U.S. government securities market. Filing of 
these data is required to obtain the benefit of primary dealer status. 
The Federal Reserve uses these data to (1) monitor the condition of the 
U.S. government securities market in its Treasury market surveillance 
and analysis of the market and to (2) assist and support the U.S. 
Department of the Treasury in its role as fiscal agent for Treasury 
financing operations. In addition, these data are helpful in the 
analysis of broad financial conditions and a range of financial 
stability issues.
    Legal authorization and confidentiality: This information 
collection is authorized by sections 2A, 12A(c), 14, and 15 of the 
Federal Reserve Act (12 U.S.C. 225a, 263c, 353-359, and 391) and is 
required to obtain or retain the benefit of dealer status. Individual 
respondent data are regarded as confidential under the Freedom of 
Information Act (5 U.S.C. 552(b)(4) and (b)(8)).
    Current actions: On July 6, 2017, the Board published a notice in 
the Federal Register (82 FR 31327) requesting public comment for 60 
days on the extension, without revision, of the FR 2004. The comment 
period for this notice expired on September 5, 2017. The Board did not 
receive any comments. The information collection will be extended as 
proposed.
    Final approval under OMB delegated authority of the extension for 
three years, with revision, of the following report:
    Report title: Weekly Report of Selected Assets and Liabilities of 
Domestically Chartered Commercial Banks and U.S. Branches and Agencies 
of Foreign Banks.
    Agency form number: FR 2644.
    OMB control number: 7100-0075.
    Effective Date: January 3, 2018.
    Frequency: Weekly.
    Respondents: Domestically chartered commercial banks and U.S. 
branches and agencies of foreign banks.
    Estimated number of respondents: 875.
    Estimated average hours per response: 2.35 hours.
    Estimated annual burden hours: 106,925 hours.
    General description of report: The FR 2644 is a balance sheet 
report that is collected as of each Wednesday from an authorized 
stratified sample of 875 domestically chartered commercial banks and 
U.S. branches and agencies of foreign banks. The FR 2644 is the only 
source of high-frequency data used in the analysis of current banking 
developments. The FR 2644 collects sample data that are used to 
estimate universe levels using data from the quarterly commercial bank 
Consolidated Reports of Condition and Income (FFIEC 031, FFIEC 041, and 
FFIEC 051; OMB No. 7100-0036) and the Report of Assets and Liabilities 
of U.S. Branches and Agencies of Foreign Banks (FFIEC 002; OMB No. 
7100-0032) (Call Reports). Data from the FR 2644, together with data 
from other sources, are used to construct weekly estimates of bank 
credit, balance sheet data for the U.S. banking industry, sources and 
uses of banks' funds, and to analyze current banking and monetary 
developments. The Board publishes the data in aggregate form in the 
weekly H.8 statistical release, Assets and Liabilities of Commercial 
Banks in the United States, which is followed closely by other 
government agencies, the banking industry, the financial press, and 
other users. The H.8 release provides a balance sheet for the banking 
industry as a whole and data disaggregated by its large domestic, small 
domestic, and foreign-related bank components.
    Legal authorization and confidentiality: The FR 2644 is authorized 
by section 2A and 11(a)(2) of the Federal Reserve Act (12 U.S.C. 225(a) 
and 248(a)(2)) and by section 7(c)(2) of the International Banking Act 
(12 U.S.C. 3105(c)(2)) and is voluntary. Individual respondent data are 
regarded as confidential under the Freedom of Information Act (5 U.S.C. 
552(b)(4)).
    Current actions: On July 6, 2017, the Board published a notice in 
the Federal Register (82 FR 31327) requesting public comment for 60 
days on the extension, with revision, of the FR 2466. The Board 
proposed several revisions to simplify and reduce the overall reporting 
burden associated with the FR 2644 report. The proposed FR 2644 
reporting form would consist of 29 balance-sheet items and 2 memoranda 
items, an overall reduction of six data items. The comment period for 
this notice expired on September 5, 2017. The Board did not receive any 
comments. The revisions will be implemented as proposed.

    Board of Governors of the Federal Reserve System, October 19, 
2017.
Ann E. Misback,
Secretary of the Board.
[FR Doc. 2017-23003 Filed 10-23-17; 8:45 am]
 BILLING CODE 6210-01-P