[Federal Register: May 14, 2009 (Volume 74, Number 92)]
[Notices]
[Page 22744-22745]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr14my09-35]
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FEDERAL RESERVE SYSTEM
Agency Information Collection Activities: Announcement of Board
Approval Under Delegated Authority and Submission to OMB
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, as 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:
Acting 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).
OMB Desk Officer--Shagufta Ahmed --Office of Information and
Regulatory Affairs, Office of Management and Budget, New Executive
Office Building, Room 10235, Washington, DC 20503.
Final approval under OMB delegated authority of the extension for
three years, without revision of the following reports:
1. Report title: The 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: Large U.S. commercial banks and large U.S. branches and
agencies of foreign banks.
Annual reporting hours: 1,008 hours.
Estimated average hours per response: 2 hours.
Number of respondents: 84.
Small businesses are not affected.
General description of report: This information collection is
voluntary (12 U.S.C. 225a, 248(a)(2), and 3105(c)(2)) and is given
confidential treatment (5 U.S.C. 552 (b)(4)).
Abstract: The FR 2018 is conducted with a senior loan officer at
each respondent bank, generally through a telephone interview, 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.
Current Actions: On February 26, 2009, the Federal Reserve
published a notice in the Federal Register (74 FR 8794) requesting
public comment for 60 days on the extension, without revision, of the
Senior Loan Officer Opinion Survey. The comment period for this notice
expired on April 27, 2009. No comments were received.
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: Large commercial banks.
Annual reporting hours: 240 hours.
Estimated average hours per response: 1 hour.
Number of respondents: 60.
Small businesses are not affected.
General description of report: This information collection is
voluntary (U.S.C. 225a, 248(a), and 263). It has been anticipated that
most, if not all, of the information to be collected on the FR 2023
would be exempt from
[[Page 22745]]
disclosure under subsection (b)(4) of the Freedom of Information Act (5
U.S.C. 552(b)(4). However, the confidentiality status of the survey
would be determined on a case-by-case basis, when the specific
questions to be asked on each particular survey are formulated but
before respondents are contacted. Respondents will be informed of the
confidentiality status of that particular survey, each time the survey
would be conducted.
Abstract: The 2023 requests qualitative and limited quantitative
information about liability management, the provision of financial
services, and the functioning of key financial markets from a selection
of up to sixty large commercial banks (or, if appropriate, from other
depository institutions or major financial market participants).
Responses are obtained from a senior officer at each participating
institution through a telephone interview. 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.
Current Actions: On February 26, 2009, the Federal Reserve
published a notice in the Federal Register (74 FR 8794) requesting
public comment for 60 days on the extension, without revision, of the
Senior Financial Officer Survey. The comment period for this notice
expired on April 27, 2009. No comments were received.
3. Report titles: Quarterly Report of Interest Rates on Selected
Direct Consumer Installment Loans and Quarterly Report of Credit Card
Plans.
Agency form numbers: FR 2835 and FR 2835a.
OMB control number: 7100-0085.
Frequency: Quarterly.
Reporters: Commercial banks.
Annual reporting hours: FR 2835, 132 hours; and FR 2835a, 100
hours.
Estimated average hours per response: FR 2835, 13.2 minutes; and FR
2835a, 30 minutes.
Number of respondents: FR 2835, 150; and FR 2835a, 50.
Small businesses are not affected.
General description of report: These information collections are
voluntary (12 U.S.C. 248(a)(2)). The FR 2835a individual respondent
data are given confidential treatment (5 U.S.C. 552(b)(4)), the FR 2835
data however, is not given confidential treatment.
Abstract: The FR 2835 collects information from a sample of
commercial banks on interest rates charged on loans for new vehicles
and loans for other consumer goods and personal expenses. The FR 2835a
collects information on two measures of credit card interest rates from
a sample of commercial banks with $1 billion or more in credit card
receivables and a representative of smaller issuers.
Current Actions: On February 26, 2009, the Federal Reserve
published a notice in the Federal Register (74 FR 8794) requesting
public comment for 60 days on the extension, without revision, of the
Senior Financial Officer Survey. The comment period for this notice
expired on April 27, 2009. The Federal Reserve received one comment
from a federal agency describing its use of the FR 2835 and FR 2835a
data to prepare monthly, quarterly, and annual estimates of personal
interest payments, a component of personal outlays in the national
income and product accounts.
Board of Governors of the Federal Reserve System, May 11, 2009.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. E9-11275 Filed 5-13-09; 8:45 am]
BILLING CODE 6210-01-P