[Federal Register Volume 83, Number 94 (Tuesday, May 15, 2018)]
[Notices]
[Page 22490]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-10265]


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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 
Senior Loan Officer Opinion Survey on Bank Lending Practices (FR 2018; 
OMB No. 7100-0058).

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 
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.

SUPPLEMENTARY INFORMATION: 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.
    Final approval under OMB delegated authority of the extension for 
three years, without revision, of the following report:
    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.
    Respondents: Domestically chartered large commercial banks and 
large U.S. branches and agencies of foreign banks.
    Estimated number of respondents: 104.
    Estimated average hours per response: 2 hours.
    Estimated annual burden hours: 1,248 hours.
    General description of report: 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. A portion of 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.
    Legal authorization and confidentiality: The Board's Legal Division 
has determined that the Senior Loan Officer Opinion Survey on Bank 
Lending Practices 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 in 
aggregate form and the information in aggregate form is made publicly 
available and not considered confidential.
    Current actions: On February 21, 2018, the Board published a notice 
in the Federal Register (83 FR 7477) requesting public comment for 60 
days on the extension, without revision, of the Senior Loan Officer 
Opinion Survey on Bank Lending Practices. The comment period for this 
notice expired on April 23, 2018. The Board did not receive any 
comments. The information collection will be extended as proposed.

    Board of Governors of the Federal Reserve System, May 9, 2018.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2018-10265 Filed 5-14-18; 8:45 am]
 BILLING CODE 6210-01-P