[Federal Register Volume 78, Number 18 (Monday, January 28, 2013)]
[Pages 5803-5804]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-01677]



Proposed Agency Information Collection Activities; Comment 

AGENCY: Board of Governors of the Federal Reserve System.

SUMMARY: Background. 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 
part 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 March 29, 2013.

ADDRESSES: You may submit comments, identified by FR 2034 by any of the 
following methods:
     Agency Web Site: www.federalreserve.gov. Follow the 
instructions for submitting comments at www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm.
     Federal eRulemaking Portal: www.regulations.gov. Follow 
the instructions for submitting comments.
     Email: [email protected]. Include the OMB 
control 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 
www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm 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 by mail to the Office of Information and Regulatory 
Affairs, U.S. 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.

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: 
www.federalreserve.gov/apps/reportforms/review.aspx or may be requested 
from the agency clearance officer, whose name appears below.

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.


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 
    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; and
    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.
    e. Estimates of capital or start up costs and costs of operation, 
maintenance, and purchase of services to provide information.

Proposal To Extend, With Revision, Under OMB Delegated Authority, 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

[[Page 5804]]

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 

    \1\ See http://www.federalreserve.gov/econresdata/releases/scoos.htm.

    Current Actions: The survey instrument currently contains 47 core 
questions divided into three broad sections, as well as additional 
questions on special topics of timely interest. The Federal Reserve 
proposes to modify the survey instrument to contain 79 core questions 
that would be substantively similar to the current survey while 
instituting some reorganization and refinements: (1) More granular 
information on dealers' clients would be added to the Counterparty 
Types section; (2) the number of questions in Over-the-Counter 
Derivatives section would be significantly reduced; and (3) questions 
on additional collateral types would be added to the Securities 
Financing section.

    Board of Governors of the Federal Reserve System, January 23, 
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2013-01677 Filed 1-25-13; 8:45 am]