Proposed Agency Information Collection Activities; Comment Request, 7592-7594 [2015-02791]

Agencies

• FEDERAL RESERVE SYSTEM

[Federal Register Volume 80, Number 28 (Wednesday, February 11, 2015)]
[Notices]
[Pages 7592-7594]
From the Federal Register Online via the Government Printing 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: https://www.federalreserve.gov. Follow the 
instructions for submitting comments at https://www.federalreserve.gov/apps/foia/proposedregs.aspx.
     Federal eRulemaking Portal: https://www.regulations.gov. 
Follow the instructions for submitting comments.
     Email: regs.comments@federalreserve.gov. 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 
https://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: https://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