[Federal Register Volume 80, Number 28 (Wednesday, February 11, 2015)]
[Notices]
[Pages 7592-7594]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-02791]
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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 April 13, 2015.
ADDRESSES: You may submit comments, identified by FR 2018, FR 2023, FR
2028A, FR 2028B, FR 2028S, or FR Y-8, 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
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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.
Federal Reserve Board Acting Clearance Officer--John Schmidt--
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 Proposals
The following information collections, which are being handled
under this delegated authority, have received initial Board approval
and are hereby published for comment. At the end of the comment period,
the proposed information collections, 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, Without Revision, of the Following Reports
1. Report title: Senior Loan Officer Opinion Survey on Bank Lending
Practices.
Agency form number: FR 2018.
OMB control number: 7100-0058.
Frequency: Up to six times a year.
Reporters: Domestically chartered large commercial banks and large
U.S. branches and agencies of foreign banks.
Estimated annual reporting hours: 1,248 hours.
Estimated average hours per response: 2 hours.
Number of respondents: 104.
General description of report: This information collection is
authorized by Sections 2A, 11 and 12A of the Federal Reserve Act (12
U.S.C. 225a, 248(a) and 263) and Section 7 of the International Banking
Act (12 U.S.C. 3105(c)(2)) and is voluntary. Individual survey
responses from each respondent can be held confidential under section
(b)(4) of the Freedom of Information Act (5 U.S.C. 552(b)(4)). However,
certain data from the survey is reported is aggregate from and the
information in aggregate form is made publicly available and not
considered confidential.
Abstract: The FR 2018 is conducted with a senior loan officer at
each respondent bank, generally through electronic submission, up to
six times a year. The purpose of the survey is to provide qualitative
and limited quantitative information on credit availability and demand,
as well as evolving developments and lending practices in the U.S. loan
markets. Consequently, a portion of the questions in each survey
typically covers special topics of timely interest. There is the option
to survey other types of respondents (such as other depository
institutions, bank holding companies, or other financial entities)
should the need arise. The FR 2018 survey provides crucial information
for monitoring and understanding the evolution of lending practices at
banks and developments in credit markets.
2. Report title: Senior Financial Officer Survey.
Agency form number: FR 2023.
OMB control number: 7100-0223.
Frequency: Up to four times a year.
Reporters: Domestically chartered large commercial banks.
Estimated annual reporting hours: 960 hours.
Estimated average hours per response: 3 hours.
Number of respondents: 80.
General description of report: This information collection is
authorized by Sections 2A, 11 and 12A of the Federal Reserve Act (12
U.S.C. 225a, 248(a), and 263) and is voluntary. The ability of the
Federal Reserve to maintain the confidentiality of information provided
by respondents to the FR 2023 surveys will be determined on a case by
case basis depending on the data collected under a particular survey.
The individual survey responses from each respondent can be held
confidential under section (b)(4) of the Freedom of Information Act (5
U.S.C. 552(b)(4)).
Abstract: The Federal Reserve uses this voluntary survey to collect
qualitative and limited quantitative information about liability
management, the provision of financial services, and the functioning of
key financial markets. Responses are obtained from a senior officer at
each participating institution usually through an electronic
submission. The survey is conducted when major informational needs
arise and cannot be met from existing data sources. The survey does not
have a fixed set of questions; each survey consists of a limited number
of questions directed at topics of timely interest. The survey helps
pinpoint developing trends in bank funding practices, enabling the
Federal Reserve to distinguish these trends from transitory phenomena.
3. Report title: Survey of Terms of Lending.
Agency form number: FR 2028A, FR 2028B, and FR 2028S.
OMB control number: 7100-0061.
Frequency: Quarterly.
Reporters: Commercial banks (FR 2028A, FR 2028B, and FR 2028S) and
U.S. branches and agencies of foreign banks (FR 2028A and FR 2028S
only).
Estimated annual reporting hours: 7,358 hours.
Estimated average hours per response: FR 2028A, 3.6 hours; FR
2028B, 1.4 hours; and FR 2028S, 0.1 hours.
Number of respondents: FR 2028A, 398; FR 2028B, 250; and FR 2028S,
567.
General description of report: This information collection is
authorized by section 11(a)(2) of the Federal Reserve Act (12 U.S.C.
248(a)(2)) and is voluntary. Individual responses reported on the FR
2028A and FR 2028B are regarded as confidential under the Freedom of
Information Act (5 U.S.C. 552(b)(4)).
Abstract: The Survey of Terms of Lending collects unique
information concerning price and certain nonprice terms of loans made
to businesses and farmers during the first full business week of the
mid-month of each quarter (February, May, August, and November). The
survey comprises three reporting forms: the FR 2028A, Survey
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of Terms of Business Lending; the FR 2028B, Survey of Terms of Bank
Lending to Farmers; and the FR 2028S, Prime Rate Supplement to the
Survey of Terms of Lending. The FR 2028A and FR 2028B collect detailed
data on individual loans made during the survey week, and the FR 2028S
collects the prime interest rate for each day of the survey from both
FR 2028A and FR 2028B respondents. From these sample STL data,
estimates of the terms of business loans and farm loans extended during
the reporting week are constructed. The aggregate estimates for
business loans are published in the quarterly E.2 release, Survey of
Terms of Business Lending, and aggregate estimates for farm loans are
published in the E.15 release, Agricultural Finance Databook.
Current Actions: While there are no proposed changes to the current
FR 2028A, FR 2028B, and FR 2028S reporting forms, the Federal Reserve
requests comment on whether banks perceive an alternative way to
collect these data that would be more informative or less burdensome.
4. Report title: Bank Holding Company Report of Insured Depository
Institutions' Section 23A Transactions with Affiliates.
Agency form number: FR Y-8.
OMB control number: 7100-0126.
Frequency: Quarterly.
Reporters: Top-tier bank holding companies (BHCs), including
financial holding companies (FHCs) and savings and loan holding
companies (SLHCs), for all insured depository institutions that are
owned by the BHC and by foreign banking organizations (FBOs) that
directly own a U.S. subsidiary bank.
Estimated annual reporting hours: Institutions with covered
transactions, 30,326 hours; Institutions without covered transactions,
17,096 hours.
Estimated average hours per response: Institutions with covered
transactions, 7.8 hours; Institutions without covered transactions, 1
hour.
Number of respondents: Institutions with covered transactions, 972;
Institutions without covered transactions, 4,274.
General description of report: This information collection is
mandatory pursuant to section 5(c) of the Bank Holding Company Act (12
U.S.C. 1844(c)); section 225.5(b) of Regulation Y (12 CFR 225.5(b));
and Section 10(b)(2) of the Home Owners' Loan Act (12 U.S.C.
1467a(b)(2)), as amended by section 369 of the Dodd-Frank Act. The data
are confidential pursuant to the Freedom of Information Act (5 U.S.C.
Sec. 552(b)(4)). Section (b)(4) exempts information deemed
competitively sensitive from disclosure.
Abstract: The FR Y-8 collects information on transactions between
an insured depository institution and its affiliates that are subject
to section 23A of the Federal Reserve Act. The primary purpose of the
data is to enhance the Federal Reserve's ability to monitor insured
depository institutions' exposures to affiliates and to ensure insured
depository institutions' compliance with section 23A of the Federal
Reserve Act. Section 23A of the Federal Reserve Act is one of the most
important statutes on limiting exposures to individual institutions and
protecting against the expansion of the federal safety net.
Board of Governors of the Federal Reserve System, February 6,
2015.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2015-02791 Filed 2-10-15; 8:45 am]
BILLING CODE 6210-01-P