[Federal Register Volume 78, Number 69 (Wednesday, April 10, 2013)]
[Notices]
[Pages 21366-21367]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-08264]
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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: Background. 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, 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:
[[Page 21367]]
1. Report title: Notice of Branch Closure.
Agency form number: FR 4031.
OMB control number: 7100-0264.
Frequency: On Occasion.
Reporters: State member banks.
Estimated annual reporting hours: 224 hours.
Estimated average hours per response: Reporting requirements, 2
hours; Disclosure requirements, customer mailing, 0.75 hours and posted
notice, 0.25 hours; and Recordkeeping requirements, 8 hours.
Number of respondents: Reporting requirements, 72; Disclosure
requirements, customer mailing, 72 and posted notice, 72; and
Recordkeeping requirements, 1.
General description of report: This information collection is
mandatory pursuant to Section 42(a)(1) of the Federal Deposit Insurance
Act (FDI Act) (12 U.S.C. 1831r-l(a)(1)). The Federal Reserve does not
consider individual respondent data to be confidential. However, a
state member bank may request confidential treatment pursuant to
exemption b(4) of the Freedom of Information Act (5 U.S.C.552(b)(4)).
Abstract: The mandatory reporting, recordkeeping, and disclosure
requirements regarding the closing of any branch of an insured
depository institution are imposed by section 228 of the FDI Act of
1991. There is no reporting form associated with the reporting portion
of this information collection; state member banks notify the Federal
Reserve by letter prior to closing a branch. The Federal Reserve uses
the information to fulfill its statutory obligation to supervise state
member banks.
Current Actions: On January 22, 2013, the Federal Reserve published
a notice in the Federal Register (78 FR 4410) requesting public comment
for 60 days on the extension, without revision, of the FR 4031. The
comment period for this notice expired on March 25, 2013. The Federal
Reserve did not receive any comments.
2. Report title: Reports Related to Securities Issued by State
Member Banks as Required by Regulation H.
Agency form number: Reg H-1.
OMB control number: 7100-0091.
Frequency: Annually, Quarterly, and on occasion.
Reporters: State member banks.
Estimated annual reporting hours: 352 hours.
Estimated average hours per response: 5.17 hours.
Number of respondents: 4.
General description of report: This information collection is
mandatory pursuant to sections 12(i) and 23(a)(1) of the Securities
Exchange Act of 1934 (15 U.S.C. 781(i) and 78w (a)(1)) and Regulation H
(12 CFR 208.36). The information collected is not given confidential
treatment. However, a state member bank make request that a report or
document not be disclosed to the public and be held confidential by the
Federal Reserve, (12 CFR 208.36(d). All such requests for confidential
treatment will be determined on an ad hoc basis.
Abstract: The Federal Reserve's Regulation H requires certain state
member banks to submit information relating to their securities to the
Federal Reserve on the same forms that bank holding companies and
nonbank entities use to submit similar information to the Securities
and Exchange Commission. The information is primarily used for public
disclosure and is available to the public upon request.
Current Actions: On January 22, 2013, the Federal Reserve published
a notice in the Federal Register (78 FR 4410) requesting public comment
for 60 days on the extension, without revision, of the Reg H-1. The
comment period for this notice expired on March 25, 2013. The Federal
Reserve did not receive any comments.
Final approval under OMB delegated authority of the extension for
three years, with revision, of the following survey:
Report title: Senior Credit Officer Opinion Survey on Dealer
Financing Terms.
Agency form number: FR 2034.
OMB control number: 7100-0325.
Frequency: Up to six times a year.
Reporters: U.S. banking institutions and U.S. branches and agencies
of foreign banks.
Estimated annual reporting hours: 450 hours.
Estimated average hours per response: 3 hours.
Number of respondents: 25.
General description of report: This information collection would be
voluntary (12 U.S.C. 225a, 248(a)(2), 1844(c), and 3105(c)(2)) and
would be given confidential treatment (5 U.S.C. 552(b)(4)).
Abstract: This voluntary survey collects qualitative and limited
quantitative information from senior credit officers at responding
financial institutions on (1) stringency of credit terms, (2) credit
availability and demand across the entire range of securities financing
and over-the-counter derivatives transactions, and (3) the evolution of
market conditions and conventions applicable to such activities up to
six times a year. Given the Federal Reserve's interest in financial
stability, the information this survey collects is critical to the
monitoring of credit markets and capital market activity. Aggregate
survey results are made available to the public on the Federal Reserve
Board Web site.\1\ In addition, selected aggregate survey results may
be published in Federal Reserve Bulletin articles and in the annual
Monetary Policy Report to the Congress.
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\1\ See http://www.federalreserve.gov/econresdata/releases/scoos.htm
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Current Actions: On January 28, 2013, the Federal Reserve published
a notice in the Federal Register (78 FR 5803) requesting public comment
for 60 days on the extension, with revision, of the FR 2034. The
comment period for this notice expired on March 29, 2013. The Federal
Reserve did not receive any comments. The revisions will be implemented
as proposed effective with the June 2013 survey.
Board of Governors of the Federal Reserve System, April 4, 2013.
Margaret McCloskey Shanks,
Deputy Secretary of the Board.
[FR Doc. 2013-08264 Filed 4-9-13; 8:45 am]
BILLING CODE 6210-01-P