Proposed Agency Information Collection Activities; Comment Request, 3844-3846 [E6-804]

Download as PDF 3844 Federal Register / Vol. 71, No. 15 / Tuesday, January 24, 2006 / Notices Segment-Reach Waterbody name 11010013–008 ................................................... 11010013–012 ................................................... 11010013–014 ................................................... 11010014–009 ................................................... 11010012–004 ................................................... 11010012–005 ................................................... 11010012–006 ................................................... 110100 12–008 .................................................. 11010012–009 ................................................... 11010012–010 ................................................... 11010012–011 ................................................... 11010001–023 ................................................... 11010001–024 ................................................... 08020203–012 ................................................... 11110105–001 ................................................... 11110105–031L ................................................. 11140302–003 ................................................... 11140109–919 ................................................... 11010001–045L ................................................. Village Creek .................................................... Village Creek .................................................... Village Creek .................................................... Ten Mile Creek ................................................. Strawberry River ............................................... Strawberry River ............................................... Strawberry River ............................................... Strawberry River ............................................... Strawberry River ............................................... Little Strawberry River ...................................... Strawberry River ............................................... West Fork White River ..................................... White River ....................................................... Tyronza River ................................................... Poteau River near Fort Smith .......................... Poteau River near Waldron .............................. Days Creek ....................................................... Rolling Fork ...................................................... Osage Creek near Berryville ............................ Siltation/turbidity. Siltation/turbidity. Siltation/turbidity. Siltation/turbidity. Siltation/turbidity. Siltation/turbidity. Siltation/turbidity. Siltation/turbidity. Siltation/turbidity. Siltation/turbidity. Siltation/turbidity. Siltation/turbidity. Siltation/turbidity. Siltation/turbidity. Siltation/turbidity. Total phosphorus, Copper, and Zinc. Nitrate. Total phosphorus, and Nitrate. Total phosphorus. EPA requested the public to provide EPA with any significant data or information that might impact the 44 TMDLs at Federal Register Notices: Volume 70, Number 217, pages 68448– 68449 (November 10, 2005) and Volume 70, Number 46, page 11971 (March 10, 2005). The comments received and EPA’s response to comments may be found at http://www.epa.gov/earth1r6/ 6wq/artmdl.htm. operating unlawfully. Named in the order are: Moving Services, L.L.C.; Worldwide Relocations, Inc.; International Shipping Solutions, Inc.; Dolphin International Shipping, Inc.; All-in-One Shipping, Inc.; Boston Logistics Corp.; Around the World Shipping, Inc.; Tradewind Consulting, Inc.; Global Direct Shipping; Sharon Fachler; Oren Fachler; Lucy Norry; Patrick J. Costadoni; Steve Kuller; Megan K. Karpick (a.k.a. Catherine Kaiser, Kathryn Kaiser, Catherine Kerpick, Megan Kaiser and Alexandria Hudson); Barbara Deane (a.k.a. Barbara Fajardo); Baruch Karpick; Martin J. McKenzie; Joshua S. Morales; Elizabeth F. Hudson; Daniel E. Cuadrado (a.k.a. Daniel Edward); Ronald Eaden; and Robert Bachs (collectively ‘‘the Respondents’’). The Commission has received over 250 consumer complaints from shippers regarding the above individuals and companies alleging, among other things, that the companies: failed to deliver the cargo and refused to return pre-paid ocean freight; lost the cargo; charged the shipper for marine insurance which they never obtained; misled the shipper as to the whereabouts of cargo; charged the shipper an inflated rate and withheld cargo until that rate was paid; and failed to pay the common carrier. In many cases, the shipper was forced to pay another carrier or warehouse a second time in order to have the cargo released. In addition, none of the companies or individuals listed is licensed as OTIs by the Federal Maritime Commission, nor have they provided proof of financial responsibility, or published a tariff showing their rates. This proceeding seeks to determine: (1) Whether Respondents violated sections 8, 10, and 19 of the Shipping Act of 1984 and the Commission’s regulations at 46 CFR Parts 515 and 520 by operating as non-vessel-operating common carriers in the U.S. trades without obtaining licenses from the Commission, without providing proof of financial responsibility, without publishing an electronic tariff, and by failing to establish, observe, and enforce just and reasonable regulations and practices relating to or connected with receiving, handling, storing, or delivering property; (2) Whether, in the event one or more violations of sections 8, 10 and 19 of the Shipping Act of 1984 and 46 CFR Parts 515 and 520 are found, civil penalties should be assessed and, if so, the identity of the persons and/or corporations to whom the penalties should be assessed and the amount of the penalties to be assessed; (3) Whether, in the event violations are found, appropriate cease and desist orders should be issued. The full text of this order may be viewed on the Commission’s home page at http://www.fmc.gov or at the Office of the Secretary, Room 1046, 800 North Capitol Street, NW., Washington DC. Any person may file a petition for leave to intervene in accordance with 46 CFR 502.72. Dated: January 10, 2006. Miguel I. Flores, Director, Water Quality Protection Division, Region 6. [FR Doc. E6–813 Filed 1–23–06; 8:45 am] BILLING CODE 6560–50–P FEDERAL MARITIME COMMISSION [Docket No. 06–01] rmajette on PROD1PC67 with NOTICES1 Worldwide Relocations, Inc., All-in-One Shipping, Inc., Boston Logistics Corp., Around the World Shipping, Inc., Tradewind Consulting, Inc., Global Direct Shipping, Megan K. Karpick (a.k.a. Catherine Kaiser, Kathryn Kaiser, Catherine Kerpick, Megan Kaiser and Alexandria Hudson), Martin J. McKenzie, Patrick John Costadoni, Elizabeth F. Hudson, Sharon Fachler, and Oren Fachler, et al.—Possible Violations of Sections 8, 10 and 19 of the Shipping Act of 1984 and the Commission’s Regulations at 46 CFR 515.3, 515.21 and 520.3; Notice of Order of Investigation and Hearing Notice is given that on January 11, 2006 the Federal Maritime Commission issued an Order of Investigation and Hearing to determine whether nine apparently related household goods moving companies and their owners and/or primary corporate officers were VerDate Aug<31>2005 14:44 Jan 23, 2006 Jkt 208001 PO 00000 Frm 00030 Fmt 4703 Sfmt 4703 Pollutant Bryant L. VanBrakle, Secretary. [FR Doc. E6–786 Filed 1–23–06; 8:45 am] BILLING CODE 6730–01–P FEDERAL RESERVE SYSTEM Proposed Agency Information Collection Activities; Comment Request Board of Governors of the Federal Reserve System SUMMARY: Background. AGENCY: E:\FR\FM\24JAN1.SGM 24JAN1 Federal Register / Vol. 71, No. 15 / Tuesday, January 24, 2006 / Notices rmajette on PROD1PC67 with NOTICES1 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, as per 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 OMB 83-Is and 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. 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; 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. DATES: Comments must be submitted on or before March 27, 2006. ADDRESSES: You may submit comments, identified by FR 2502q, FR Y–8, FR 2886b, FR 2050, or FR 2415 by any of the following methods: Agency Web Site: http:// www.federalreserve.gov. Follow the VerDate Aug<31>2005 14:44 Jan 23, 2006 Jkt 208001 instructions for submitting comments at http://www.federalreserve.gov/ generalinfo/foia/ProposedRegs.cfm. Federal eRulemaking Portal: http:// www.regulations.gov. Follow the instructions for submitting comments. E–mail: regs.comments@federalreserve.gov. Include docket number in the subject line of the message. FAX: 202/452–3819 or 202/452–3102. Mail: Jennifer J. Johnson, 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/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 in Room MP–500 of the Board’s Martin Building (20th and C Streets, NW.) between 9 a.m. and 5 p.m. on weekdays. A copy of the proposed form and instructions, the Paperwork Reduction Act Submission (OMB 83–I), supporting statement, and other documents that will be placed into OMB’s public docket files once approved may be requested from the agency clearance officer, whose name appears below. Michelle Long, Federal Reserve Board Clearance Officer (202/452–3829), Division of Research and Statistics, Board of Governors of the Federal Reserve System, Washington, DC 20551. Telecommunications Device for the Deaf (TDD) users may contact (202/263– 4869), Board of Governors of the Federal Reserve System, Washington, DC 20551. FOR FURTHER INFORMATION CONTACT: Proposal to approve under OMB delegated authority the extension for three years, with revision, of the following reports: 1. Report title: Quarterly Report of Assets and Liabilities of Large Foreign Offices of U.S. Banks Agency form number: FR 2502q OMB control number: 7100–0079 Frequency: Quarterly Reporters: Large foreign branches and banking subsidiaries of U.S. depository institutions Annual reporting hours: 826 hours Estimated average hours per response: 3.5 hours Number of respondents: 59 General description of report: This information collection is required (12 U.S.C. §§ 248(a) (2), 353 et seq., 461, PO 00000 Frm 00031 Fmt 4703 Sfmt 4703 3845 602, and 625) and is given confidential treatment (5 U.S.C. § 552(b) (4)). Abstract: This reporting form collects data quarterly on the geographic distribution of the assets and liabilities of major foreign branches and subsidiaries of U.S. commercial banks and of Edge and agreement corporations. Data from this reporting form comprise a piece of the flow of funds data that are compiled by the Federal Reserve. Current action: The Federal Reserve proposes the following revisions: (1) Discontinuing Schedule A as a result of the elimination of M3; (2) discontinuing Memorandum item 3a; (3) revising the instructions for data to be submitted for the unallocated data items; (4) reducing the reporting panel to require offices located only in the Caribbean and the United Kingdom to file the FR 2502q; and (5) conforming the names of several countries and one region to the country list compiled by the U.S. Treasury. 2. Report title: Consolidated Report of Condition and Income for Edge and Agreement Corporations Agency form number: FR 2886b OMB control number: 7100–0086 Frequency: Quarterly Reporters: Edge and agreement corporations Annual reporting hours: 3,055 Estimated average hours per response: 14.7 banking corporations, 8.5 investment corporations Number of respondents: 19 banking corporations, 57 investment corporations General description of report: This information collection is mandatory (12 U.S.C. §§ 602 and 625). For Edge corporations engaged in banking, information collection on schedules RC–M and RC–V are held confidential pursuant to section (b)(4) of the Freedom of Information Act (5 U.S.C. 552(b)(4)). For investment Edge corporations, only information collected on schedule RC–M are given confidential treatement pursuant to section (b)(4) of the Freedom of Information Act (5 U.S.C. 552(b)(4)). Abstract: This reporting form comprises a balance sheet, income statement, two schedules reconciling changes in capital and reserve accounts, and ten supporting schedules, and it parallels the commercial bank Consolidated Reports of Condition and Income (Call Report)(FFIEC 031; OMB No. 7100–0036). The Federal Reserve uses the data collected on the FR 2886b to supervise Edge corporations, identify present and potential problems, and monitor and develop a better understanding of activities within the industry. E:\FR\FM\24JAN1.SGM 24JAN1 3846 Federal Register / Vol. 71, No. 15 / Tuesday, January 24, 2006 / Notices Current action: The Federal Reserve proposes to delete three items related to bankers acceptances, consistent with proposed changes to the Call Report and to make minor clarifications to the reporting form and instructions. Proposal to approve under OMB delegated authority the extension for three years, without revision, of the following report: 1. 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: All top–tier bank holding companies (BHCs), including financial holding companies (FHCs), and foreign banking organizations (FBOs) that directly own U.S. subsidiary banks. Annual reporting hours: 53,419 hours Estimated average hours per response: Institutions with covered transactions, 7.8 hours; institutions without covered transactions, 1 hour Number of respondents: 6,310 General description of report: This information collection is mandatory (section 5(c)) of the Bank Holding Company Act (12 U.S.C. 1844(c)) and section 225.5(b) of Regulation Y (12 CFR 225.5(b)) and is given confidential treatment (5 U.S.C 552(b)(4) and (8)). Abstract: This reporting form 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 bank exposures to affiliates and to ensure banks’ 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. rmajette on PROD1PC67 with NOTICES1 Proposal to approve under OMB delegated authority the discontinuance of the following reports: 1. Report title: Weekly Report of Eurodollar Liabilities Held by Selected U.S. Addressees at Foreign Offices of U.S. Banks Agency form number: FR 2050 OMB Control number: 7100–0068 Effective Date: Respondents will submit their final data for the reporting week ending March 6, 2006. Frequency: Weekly Reporters: Foreign branches and banking subsidiaries of U.S. depository institutions. Annual reporting hours: 1,872 hours VerDate Aug<31>2005 14:44 Jan 23, 2006 Jkt 208001 Estimated average hours per response: 1.0 hour Number of respondents: 36 General description of report: This information collection is voluntary (12 U.S.C. §§ 248(a)(2), 353 et seq., 461, 602, and 625). Individual respondent’s data are confidential under section (b)(4) of the Freedom of Information Act (5 U.S.C. 552(b)(4)). Abstract: The report collects data on Eurodollar deposits payable to nonbank U.S. addressees from foreign branches and subsidiaries of U.S. commercial banks and Edge and agreement corporations. The data are used for the construction of the Eurodollar component of the monetary aggregates and for analysis of banks’ liability management practices. Current Actions: The Board of Governors of the Federal Reserve System announced on November 10, 2005, that it would cease publication of the M3 monetary aggregate on March 23, 2006. M3 does not appear to contain any additional information about economic activity that is not already embodied in M2. Moreover, the role of M3 in the monetary policy process has greatly diminished over time. The costs to the Federal Reserve and the private sector of collecting data and publishing M3 now outweigh the benefits. The discontinuation of this report will reduce private sector burden by 1,872 hours per year. 2. Report title: Report of Repurchase Agreements (RPs) on U.S. Government and Federal Agency Securities with Specified Holders Agency form number: FR 2415 OMB Control number: 7100–0074 Effective Date: Weekly reporters will submit their final FR 2415 for the report week ending March 6, 2006. Quarterly reporters will submit their final data for the week containing the last calendar day of December 2005. Since annual reporters submit data for the week containing June 30, they will no longer file the FR 2415. Frequency: Weekly, quarterly, or annually Reporters: U.S chartered commercial banks, U.S branches and agencies of foreign banks, thrift institutions, and credit unions Annual reporting hours: 2,615 hours Estimated average hours per response: 30 minutes Number of respondents: 84 weekly, 128 quarterly, and 350 annually Small businesses are not affected. General description of report: This information collection is voluntary (12 U.S.C. 248(a)(2) and 3105(b)) and is given confidential treatment (5 U.S.C. 552(b)(4)). PO 00000 Frm 00032 Fmt 4703 Sfmt 4703 Abstract: This voluntary report collects one data item, repurchase agreements (RPs), in denominations of $100,000 or more, in immediately– available funds, on U.S. government and federal agency securities, transacted with specified holders. Depository institutions file the FR 2415 report weekly, quarterly or annually depending on the volume of their RPs. In general, the larger the respondent’s level of RPs, the more frequent is its reporting. The weekly panel reports daily data once each week; the quarterly panel files daily data for the four one– week reporting periods that contain quarter–end dates; the annual panel reports daily data only for the week encompassing June 30 each year. The primary purpose of the data is for construction of the RP component of the M3 monetary aggregate and for analysis of depository institutions’ funding practices. Current Actions: The Board of Governors of the Federal Reserve System announced on November 10, 2005, that it would cease publication of the M3 monetary aggregate on March 23, 2006. M3 does not appear to contain any additional information about economic activity that is not already embodied in M2. Moreover, the role of M3 in the monetary policy process has greatly diminished over time. The costs to the Federal Reserve and the private sector of collecting data and publishing M3 now outweigh the benefits. The discontinuation of this report will reduce private sector burden by 2,615 hours per year. Board of Governors of the Federal Reserve System, January 19, 2006. Jennifer J. Johnson, Secretary of the Board. [FR Doc. E6–804 Filed 1–23–06; 8:45 am] BILLING CODE 6210–01–S FEDERAL RESERVE SYSTEM Change in Bank Control Notices; Acquisition of Shares of Bank or Bank Holding Companies The notificants listed below have applied under the Change in Bank Control Act (12 U.S.C. 1817(j)) and § 225.41 of the Board’s Regulation Y (12 CFR 225.41) to acquire a bank or bank holding company. The factors that are considered in acting on the notices are set forth in paragraph 7 of the Act (12 U.S.C. 1817(j)(7)). The notices are available for immediate inspection at the Federal Reserve Bank indicated. The notices also will be available for inspection at the office of the Board of Governors. E:\FR\FM\24JAN1.SGM 24JAN1

Agencies

[Federal Register Volume 71, Number 15 (Tuesday, January 24, 2006)]
[Notices]
[Pages 3844-3846]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-804]


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FEDERAL RESERVE SYSTEM


Proposed Agency Information Collection Activities; Comment 
Request

AGENCY: Board of Governors of the Federal Reserve System
SUMMARY: Background.

[[Page 3845]]

    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, as 
per 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 OMB 83-Is and 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.

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; 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.

DATES: Comments must be submitted on or before March 27, 2006.

ADDRESSES: You may submit comments, identified by FR 2502q, FR Y-8, FR 
2886b, FR 2050, or FR 2415 by any of the following methods:
    Agency Web Site: http://www.federalreserve.gov. Follow the 
instructions for submitting comments at http://www.federalreserve.gov/
generalinfo/foia/ProposedRegs.cfm.
    Federal eRulemaking Portal: http://www.regulations.gov. Follow the 
instructions for submitting comments.
    E-mail: regs.comments@federalreserve.gov. Include docket number in 
the subject line of the message.
    FAX: 202/452-3819 or 202/452-3102.
    Mail: Jennifer J. Johnson, 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/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 in Room MP-500 of the Board's Martin Building (20th and C 
Streets, NW.) between 9 a.m. and 5 p.m. on weekdays.

FOR FURTHER INFORMATION CONTACT: A copy of the proposed form and 
instructions, the Paperwork Reduction Act Submission (OMB 83-I), 
supporting statement, and other documents that will be placed into 
OMB's public docket files once approved may be requested from the 
agency clearance officer, whose name appears below.
    Michelle Long, Federal Reserve Board Clearance Officer (202/452-
3829), Division of Research and Statistics, Board of Governors of the 
Federal Reserve System, Washington, DC 20551. Telecommunications Device 
for the Deaf (TDD) users may contact (202/263-4869), Board of Governors 
of the Federal Reserve System, Washington, DC 20551.

Proposal to approve under OMB delegated authority the extension for 
three years, with revision, of the following reports:

    1. Report title: Quarterly Report of Assets and Liabilities of 
Large Foreign Offices of U.S. Banks
    Agency form number: FR 2502q
    OMB control number: 7100-0079
    Frequency: Quarterly
    Reporters: Large foreign branches and banking subsidiaries of U.S. 
depository institutions
    Annual reporting hours: 826 hours
    Estimated average hours per response: 3.5 hours
    Number of respondents: 59
    General description of report: This information collection is 
required (12 U.S.C. Sec. Sec.  248(a) (2), 353 et seq., 461, 602, and 
625) and is given confidential treatment (5 U.S.C. Sec.  552(b) (4)).
    Abstract: This reporting form collects data quarterly on the 
geographic distribution of the assets and liabilities of major foreign 
branches and subsidiaries of U.S. commercial banks and of Edge and 
agreement corporations. Data from this reporting form comprise a piece 
of the flow of funds data that are compiled by the Federal Reserve.
    Current action: The Federal Reserve proposes the following 
revisions: (1) Discontinuing Schedule A as a result of the elimination 
of M3; (2) discontinuing Memorandum item 3a; (3) revising the 
instructions for data to be submitted for the unallocated data items; 
(4) reducing the reporting panel to require offices located only in the 
Caribbean and the United Kingdom to file the FR 2502q; and (5) 
conforming the names of several countries and one region to the country 
list compiled by the U.S. Treasury.
    2. Report title: Consolidated Report of Condition and Income for 
Edge and Agreement Corporations
    Agency form number: FR 2886b
    OMB control number: 7100-0086
    Frequency: Quarterly
    Reporters: Edge and agreement corporations
    Annual reporting hours: 3,055
    Estimated average hours per response: 14.7 banking corporations, 
8.5 investment corporations
    Number of respondents: 19 banking corporations, 57 investment 
corporations
    General description of report: This information collection is 
mandatory (12 U.S.C. Sec. Sec.  602 and 625). For Edge corporations 
engaged in banking, information collection on schedules RC-M and RC-V 
are held confidential pursuant to section (b)(4) of the Freedom of 
Information Act (5 U.S.C. 552(b)(4)). For investment Edge corporations, 
only information collected on schedule RC-M are given confidential 
treatement pursuant to section (b)(4) of the Freedom of Information Act 
(5 U.S.C. 552(b)(4)).
    Abstract: This reporting form comprises a balance sheet, income 
statement, two schedules reconciling changes in capital and reserve 
accounts, and ten supporting schedules, and it parallels the commercial 
bank Consolidated Reports of Condition and Income (Call Report)(FFIEC 
031; OMB No. 7100-0036). The Federal Reserve uses the data collected on 
the FR 2886b to supervise Edge corporations, identify present and 
potential problems, and monitor and develop a better understanding of 
activities within the industry.

[[Page 3846]]

    Current action: The Federal Reserve proposes to delete three items 
related to bankers acceptances, consistent with proposed changes to the 
Call Report and to make minor clarifications to the reporting form and 
instructions.

Proposal to approve under OMB delegated authority the extension for 
three years, without revision, of the following report:

    1. 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: All top-tier bank holding companies (BHCs), including 
financial holding companies (FHCs), and foreign banking organizations 
(FBOs) that directly own U.S. subsidiary banks.
    Annual reporting hours: 53,419 hours
    Estimated average hours per response: Institutions with covered 
transactions, 7.8 hours; institutions without covered transactions, 1 
hour
    Number of respondents: 6,310
    General description of report: This information collection is 
mandatory (section 5(c)) of the Bank Holding Company Act (12 U.S.C. 
1844(c)) and section 225.5(b) of Regulation Y (12 CFR 225.5(b)) and is 
given confidential treatment (5 U.S.C 552(b)(4) and (8)).
    Abstract: This reporting form 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 bank 
exposures to affiliates and to ensure banks' 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.

Proposal to approve under OMB delegated authority the discontinuance of 
the following reports:

    1. Report title: Weekly Report of Eurodollar Liabilities Held by 
Selected U.S. Addressees at Foreign Offices of U.S. Banks
    Agency form number: FR 2050
    OMB Control number: 7100-0068
    Effective Date: Respondents will submit their final data for the 
reporting week ending March 6, 2006.
    Frequency: Weekly
    Reporters: Foreign branches and banking subsidiaries of U.S. 
depository institutions.
    Annual reporting hours: 1,872 hours
    Estimated average hours per response: 1.0 hour
    Number of respondents: 36
    General description of report: This information collection is 
voluntary (12 U.S.C. Sec. Sec.  248(a)(2), 353 et seq., 461, 602, and 
625). Individual respondent's data are confidential under section 
(b)(4) of the Freedom of Information Act (5 U.S.C. 552(b)(4)).
    Abstract: The report collects data on Eurodollar deposits payable 
to nonbank U.S. addressees from foreign branches and subsidiaries of 
U.S. commercial banks and Edge and agreement corporations. The data are 
used for the construction of the Eurodollar component of the monetary 
aggregates and for analysis of banks' liability management practices.
    Current Actions: The Board of Governors of the Federal Reserve 
System announced on November 10, 2005, that it would cease publication 
of the M3 monetary aggregate on March 23, 2006. M3 does not appear to 
contain any additional information about economic activity that is not 
already embodied in M2. Moreover, the role of M3 in the monetary policy 
process has greatly diminished over time. The costs to the Federal 
Reserve and the private sector of collecting data and publishing M3 now 
outweigh the benefits. The discontinuation of this report will reduce 
private sector burden by 1,872 hours per year.
    2. Report title: Report of Repurchase Agreements (RPs) on U.S. 
Government and Federal Agency Securities with Specified Holders
    Agency form number: FR 2415
    OMB Control number: 7100-0074
    Effective Date: Weekly reporters will submit their final FR 2415 
for the report week ending March 6, 2006. Quarterly reporters will 
submit their final data for the week containing the last calendar day 
of December 2005. Since annual reporters submit data for the week 
containing June 30, they will no longer file the FR 2415.
    Frequency: Weekly, quarterly, or annually
    Reporters: U.S chartered commercial banks, U.S branches and 
agencies of foreign banks, thrift institutions, and credit unions
    Annual reporting hours: 2,615 hours
    Estimated average hours per response: 30 minutes
    Number of respondents: 84 weekly, 128 quarterly, and 350 annually 
Small businesses are not affected.
    General description of report: This information collection is 
voluntary (12 U.S.C. 248(a)(2) and 3105(b)) and is given confidential 
treatment (5 U.S.C. 552(b)(4)).
    Abstract: This voluntary report collects one data item, repurchase 
agreements (RPs), in denominations of $100,000 or more, in immediately-
available funds, on U.S. government and federal agency securities, 
transacted with specified holders. Depository institutions file the FR 
2415 report weekly, quarterly or annually depending on the volume of 
their RPs. In general, the larger the respondent's level of RPs, the 
more frequent is its reporting. The weekly panel reports daily data 
once each week; the quarterly panel files daily data for the four one-
week reporting periods that contain quarter-end dates; the annual panel 
reports daily data only for the week encompassing June 30 each year. 
The primary purpose of the data is for construction of the RP component 
of the M3 monetary aggregate and for analysis of depository 
institutions' funding practices.
    Current Actions: The Board of Governors of the Federal Reserve 
System announced on November 10, 2005, that it would cease publication 
of the M3 monetary aggregate on March 23, 2006. M3 does not appear to 
contain any additional information about economic activity that is not 
already embodied in M2. Moreover, the role of M3 in the monetary policy 
process has greatly diminished over time. The costs to the Federal 
Reserve and the private sector of collecting data and publishing M3 now 
outweigh the benefits. The discontinuation of this report will reduce 
private sector burden by 2,615 hours per year.

    Board of Governors of the Federal Reserve System, January 19, 
2006.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. E6-804 Filed 1-23-06; 8:45 am]
BILLING CODE 6210-01-S