[Federal Register Volume 77, Number 39 (Tuesday, February 28, 2012)]
[Notices]
[Pages 12056-12057]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-4527]
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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, without Revision, of the Following Reports
1. 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.
Frequency: Weekly.
Reporters: Domestically chartered commercial banks and U.S.
branches and agencies of foreign banks.
Estimated annual reporting hours: 120,575 hours.
Estimated average hours per response: 2.65 hours.
Number of respondents: 875.
General description of report: 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)).
Abstract: The FR 2644 is the primary 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 and 041; 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
banking developments.
Current Actions: On December 8, 2011 the Federal Reserve published
a notice in the Federal Register (76 FR 76730) requesting public
comment for 60 days on the extension, without revision, of the Weekly
Report of Selected Assets and Liabilities of Domestically Chartered
Commercial Banks and U.S. Branches and Agencies of Foreign Banks. The
comment period for this notice expired on February 6, 2012. The Federal
Reserve did not receive any comments. No changes are proposed to the FR
2644; however, going forward, the Federal Reserve will modify the FR
2644 instructions as needed to maintain consistency with any
instructional revisions to the Call Reports that might occur during the
three year extension period.
2. Report title: Quarterly Report of Interest Rates on Selected
Direct Consumer Installment Loans; Quarterly Report of Credit Card
Plans \1\
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\1\ This family of reports also contains the following voluntary
reports, which have fewer than 10 respondents and do not require an
OMB control number: Automobile Finance Terms (FR 2005) and the
Passenger Auto Contract Collection Trends (FR 2012). The Federal
Reserve will combine FR 2005 and the FR 2012 into one reporting
form, the Automobile Finance Company Report (FR 2512) with no
changes to the data items reported.
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Agency form number: FR 2835; FR 2835a.
OMB control number: 7100-0085.
Frequency: Quarterly.
Reporters: Commercial banks.
Estimated annual reporting hours: FR 2835, 132 hours; FR 2835a: 100
hours.
Estimated average hours per response: FR 2835, .22 hours; FR 2835a:
.50 hours.
Number of respondents: FR 2835, 150; FR 2835a, 50.
General description of report: These information collections are
voluntary (12 U.S.C. 248(a)(2)). The FR 2835a individual respondent
data are given confidential treatment (5 U.S.C. 552 (b)(4)). The FR
2835 data, however, are not given confidential treatment.
Abstract: The FR 2835 collects information from a sample of
commercial banks on interest rates charged on loans for new vehicles
and loans for other consumer goods and personal expenses. The data are
used for the analysis of household financial conditions.
The FR 2835a collects information on two measures of credit card
interest rates from a sample of commercial banks with $1 billion or
more in credit card receivables and a representative group of smaller
issuers. The data are used to analyze the credit card market and draw
implications for the household sector.
Current Actions: On December 8, 2011 the Federal Reserve published
a notice in the Federal Register (76 FR 76730) requesting public
comment for 60 days on the extension, without revision, of the
Quarterly Report of Interest Rates on Selected Direct Consumer
Installment Loans (FR 2835) and the Quarterly Report of Credit Card
Plans (FR 2835a). The comment period for this notice expired on
February 6, 2012. The Federal Reserve did not receive any comments. No
changes are proposed to the FR 2835 or FR 2835a.
Proposal To Approve under OMB Delegated Authority the Extension for
Three Years, with Revision, of the Following Report
1. Report title: Quarterly Report of Assets and Liabilities of
Large Foreign Offices of U.S. Banks.
Agency form number: FR 2502q.
OMB control number: 7100-0079.
Frequency: Quarterly.
Reporters: Major foreign branches and banking subsidiaries of U.S.
depository
[[Page 12057]]
institutions that are located in the Caribbean or the United Kingdom.
Estimated annual reporting hours: 574 hours.
Estimated average hours per response: 3.5 hours.
Number of respondents: 41.
General description of report: This information collection is
required (12 U.S.C. 248(a)(2), 461, 602, and 625) and is given
confidential treatment (5 U.S.C. 552(b)(4)).
Abstract: The FR 2502q collects data quarterly on the geographic
distribution of the assets and liabilities of major U.K. or Caribbean
branches and subsidiaries of U.S. commercial banks, bank holding
companies, including financial holding companies, and of banking Edge
and agreement corporations. Data from this reporting form comprise a
piece of the flow of funds data that are compiled by the Federal
Reserve. FR 2502q data also helps the Federal Reserve understand the
nature of activities of foreign offices of U.S. banks, particularly the
scope of cross-border activity that is conducted by different foreign
offices in the United Kingdom and the Caribbean.
Current Actions: On December 8, 2011 the Federal Reserve published
a notice in the Federal Register (76 FR 76730) requesting public
comment for 60 days on the extension, with revision, of the Quarterly
Report of Assets and Liabilities of Large Foreign Offices of U.S.
Banks. The comment period for this notice expired on February 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, February 22,
2012.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 2012-4527 Filed 2-27-12; 8:45 am]
BILLING CODE 6210-01-P