[Federal Register Volume 78, Number 215 (Wednesday, November 6, 2013)]
[Notices]
[Pages 66714-66715]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-26589]
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FEDERAL RESERVE SYSTEM
Proposed Agency Information Collection Activities; Comment
Request
AGENCY: Board of Governors of the Federal Reserve System.
SUMMARY: On June 15, 1984, the Office of Management and Budget (OMB)
delegated to the Board of Governors of the Federal Reserve System
(Board) its approval authority under the Paperwork Reduction Act (PRA),
pursuant to 5 CFR 1320.16, to approve of and assign OMB control numbers
to collection of information requests and requirements conducted or
sponsored by the Board under conditions set forth in 5 CFR 1320
Appendix A.1. 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 instruments 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.
DATES: Comments must be submitted on or before January 6, 2014.
ADDRESSES: You may submit comments, identified by FR 2248 by any of the
following methods:
Agency Web site: http://www.federalreserve.gov. Follow the
instructions for submitting comments at http://www.federalreserve.gov/apps/foia/proposedregs.aspx.
Federal eRulemaking Portal: http://www.regulations.gov.
Follow the instructions for submitting comments.
Email: [email protected]. Include OMB
number in the subject line of the message.
FAX: (202) 452-3819 or (202) 452-3102.
Mail: Robert deV. Frierson, Secretary, Board of Governors
of the Federal Reserve System, 20th Street and Constitution Avenue NW.,
Washington, DC 20551.
All public comments are available from the Board's Web site at
http://www.federalreserve.gov/apps/foia/proposedregs.aspx as submitted,
unless modified for technical reasons. Accordingly, your comments will
not be edited to remove any identifying or contact information. Public
comments may also be viewed electronically or in paper form in Room MP-
500 of the Board's Martin Building (20th and C Streets NW.) between
9:00 a.m. and 5:00 p.m. on weekdays.
Additionally, commenters may send a copy of their comments to the
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 or by
fax to (202) 395-6974.
FOR FURTHER INFORMATION CONTACT: A copy of the PRA OMB submission,
including the proposed reporting form and instructions, supporting
statement, and other documentation will be placed into OMB's public
docket files, once approved. These documents will also be made
available on the Federal Reserve Board's public Web site at: http://www.federalreserve.gov/apps/reportforms/review.aspx or may be requested
from the agency clearance officer, whose name appears below.
[[Page 66715]]
Federal Reserve Board Clearance Officer--Cynthia Ayouch--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.
SUPPLEMENTARY INFORMATION:
Request for Comment on Information Collection Proposal
The following information collection, which is being handled under
this delegated authority, has received initial Board approval and is
hereby published for comment. At the end of the comment period, the
proposed information collection, along with an analysis of comments and
recommendations received, will be submitted to the Board for final
approval under OMB delegated authority. Comments are invited on the
following:
a. Whether the proposed collection of information is necessary for
the proper performance of the Federal Reserve's functions; including
whether the information has practical utility;
b. The accuracy of the Federal Reserve's estimate of the burden of
the proposed information collection, including the validity of the
methodology and assumptions used;
c. Ways to enhance the quality, utility, and clarity of the
information to be collected;
d. Ways to minimize the burden of information collection on
respondents, including through the use of automated collection
techniques or other forms of information technology; and
e. Estimates of capital or start up costs and costs of operation,
maintenance, and purchase of services to provide information.
Proposal to approve under OMB delegated authority the extension for
three years, with revision, of the following report:
Report title: Domestic Finance Company Report of Consolidated
Assets and Liabilities.
Agency form number: FR 2248.
OMB control number: 7100-0005.
Effective Date: January 31, 2014.
Frequency: Monthly, Quarterly, and Semi-annually.
Reporters: Domestic finance companies and mortgage companies.
Estimated annual reporting hours: 750 hours.
Estimated average hours per response: Monthly, 20 minutes;
Quarterly, 30 minutes; Semi-annually, 10 minutes.
Number of respondents: 150.
General description of report: This information collection is
authorized pursuant the Federal Reserve Act (12 U.S.C. 225(a)).
Obligation to respond to this information collection is voluntary.
Individual respondent data are confidential under section (b)(4) of the
Freedom of Information Act (5 U.S.C. 552).
Abstract: The FR 2248 is collected monthly as of the last calendar
day of the month from a stratified sample of finance companies. Each
monthly report collects balance sheet data on major categories of
consumer and business credit receivables and on major short-term
liabilities. For quarter-end months (March, June, September, and
December), additional asset and liability items are collected to
provide a full balance sheet. A supplemental section collects data on
securitized assets. The data are used to construct universe estimates
of finance company holdings, which are published in the monthly
statistical releases Finance Companies (G.20) and Consumer Credit
(G.19), in the quarterly statistical release Flow of Funds Accounts of
the United States (Z.1), and in the Federal Reserve Bulletin (Tables
1.51, 1.52, and 1.55).
Current Actions: The Federal Reserve proposes to revise the FR 2248
by: (1) Separating Other Consumer Loans into three data items:
Government-guaranteed Student Loans, Private Student Loans, and Other
Consumer Loans, (2) combining Non-recourse debt associated with
financing and Notes, bonds and debentures into Notes, bonds, debentures
and other debt, and (3) increasing the panel size from 70 to 150
finance companies. The proposed changes to the FR 2248 would be
effective with the January 31, 2014, report date.
Board of Governors of the Federal Reserve System, November 1,
2013.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2013-26589 Filed 11-5-13; 8:45 am]
BILLING CODE 6210-01-P