Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 10739-10741 [E9-5335]
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Federal Register / Vol. 74, No. 47 / Thursday, March 12, 2009 / Notices
• Display the registration number on
or around the antenna structure;
• Notification of improper
functioning of antenna structure lights;
and
• Recording of improper functioning
of antenna structure lights.
The information is used by the
Commission during investigations
related to air safety or radio frequency
interference. A registration number is
issued to identify antenna structure
owners in order to enforce
Congressionally mandated provisions
related to the owners.
Federal Communications Commission.
Marlene H. Dortch,
Secretary.
[FR Doc. E9–5402 Filed 3–11–09; 8:45 am]
BILLING CODE 6712–01–P
FEDERAL COMMUNICATIONS
COMMISSION
[Report No. 2882]
Petition for Reconsideration of Action
in Rulemaking Proceeding
cprice-sewell on PRODPC61 with NOTICES
March 6, 2009.
A Petition for Reconsideration has
been filed in the Commission’s
Rulemaking proceeding listed in this
Public Notice and published pursuant to
47 CFR Section 1.429(e). The full text of
this document is available for viewing
and copying in Room CY–B402, 445
12th Street, SW., Washington, DC or
may be purchased from the
Commission’s copy contractor, Best
Copy and Printing, Inc. (BCPI) (1–800–
378–3160). Oppositions to this petition
must be filed by March 27, 2009. See
Section 1.4(b)(1) of the Commission’s
rules (47 CFR 1.4(b)(1)). Replies to an
opposition must be filed within 10 days
after the time for filing oppositions have
expired.
Subject: In the Matter of Amendment
of Part 90 of the Commission’s Rules to
Provide for Flexible Use of the 896–901
MHz and 935–940 MHz Band Allotted
to the Business and Industrial Land
Transportation Pool (WT Docket No.
05–62),
Improving Public Safety
Communications in the 800 MHz Band
on Certain Part 90 (WT Docket No. 02–
55), Consolidating the 800 MHz and 900
MHz Industrial/Land Transportation
and Business Pool Channels.
Number of Petitions Filed: 1.
Marlene H. Dortch,
Secretary.
[FR Doc. E9–5397 Filed 3–11–09; 8:45 am]
BILLING CODE 6712–01–P
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FOR FURTHER INFORMATION CONTACT:
Federal Reserve Board Clearance
Sunshine Act Notices
Officer—Michelle Shore—Division of
Research and Statistics, Board of
AGENCY: Federal Election Commission.
Governors of the Federal Reserve
DATE AND TIME: Thursday, March 12,
System, Washington, DC 20551 (202–
2009, at 10 a.m.
452–3829)
PLACE: 999 E Street, NW., Washington,
OMB Desk Officer-Shagufta Ahmed
DC (Ninth Floor).
—Office of Information and
STATUS: This meeting will be open to the
Regulatory Affairs, Office of
public.
Management and Budget, New
ITEMS TO BE DISCUSSED: Correction and
Executive Office Building, Room
approval of minutes.
10235, Washington, DC 20503.
Draft Advisory Opinion 2009–01:
Final Approval Under OMB Delegated
Socialist Workers Party by counsel,
Authority of the Extension for Three
Michael Krinsky, Esq., and Lindsey
Years, With Revision, of the Following
Frank, Esq.
Reports
Management and administrative
1. Report Title: Quarterly Report of
matters.
Individuals who plan to attend and
Assets and Liabilities of Large Foreign
require special assistance, such as sign
Offices of U.S. Banks.
Agency Form Number: FR 2502q.
language interpretation or other
OMB Control Number: 7100–0079.
reasonable accommodations, should
Frequency: Quarterly.
contact Mary Dove, Commission
Reporters: Large foreign branches and
Secretary, at (202) 694–1040, at least 72
banking subsidiaries of U.S. depository
hours prior to the hearing date.
institutions.
PERSON TO CONTACT FOR INFORMATION:
Annual Reporting Hours: 1,176 hours.
Judith Ingram, Press Officer, Telephone:
Estimated Average Hours per
(202) 694–1220.
Response: 3.5 hours.
Mary W. Dove,
Number of Respondents: 84.
General Description of Report: This
Secretary of the Commission.
information collection is required (12
[FR Doc. E9–5342 Filed 3–11–09; 8:45 am]
U.S.C. 248(a) (2), 353 et seq., 461, 602,
BILLING CODE 6715–01–M
and 625) and is given confidential
treatment (5 U.S.C. 552(b) (4)).
Abstract: This reporting form collects
FEDERAL RESERVE SYSTEM
data quarterly on the geographic
distribution of the assets and liabilities
Agency Information Collection
of major foreign branches and
Activities: Announcement of Board
subsidiaries of U.S. commercial banks
Approval Under Delegated Authority
and of Edge and agreement
and Submission to OMB
corporations. Data from this reporting
SUMMARY:
form comprise a piece of the flow of
funds data that are compiled by the
Background
Federal Reserve.
Notice is hereby given of the final
Current Actions: On December 23,
approval of proposed information
2008, the Federal Reserve published a
collections by the Board of Governors of notice in the Federal Register (73 FR
the Federal Reserve System (Board)
78797) requesting public comment for
under OMB delegated authority, as per
60 days on the proposal to extend, with
5 CFR 1320.16 (OMB Regulations on
revision, the FR 2502q. The comment
Controlling Paperwork Burdens on the
period for this notice expired on
Public). Board-approved collections of
February 23, 2009. The Federal Reserve
information are incorporated into the
received one comment from a Federal
official OMB inventory of currently
agency describing its use of the data to
approved collections of information.
prepare economic account information
Copies of the Paperwork Reduction Act
and estimates of international
Submission, supporting statements and
transactions. The revisions will be
approved collection of information
implemented as proposed.
instrument(s) are placed into OMB’s
2. Report Title: Recordkeeping
public docket files. The Federal Reserve Requirements of Regulation H and
may not conduct or sponsor, and the
Regulation K Associated with Bank
respondent is not required to respond
Secrecy Act Compliance Programs.
to, an information collection that has
Agency Form Number: Reg K.
been extended, revised, or implemented
OMB Control Number: 7100–0310.
on or after October 1, 1995, unless it
Frequency: Annually.
displays a currently valid OMB control
Reporters: State member banks; Edge
number.
and agreement corporations; and U.S.
FEDERAL ELECTION COMMISSION
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10740
Federal Register / Vol. 74, No. 47 / Thursday, March 12, 2009 / Notices
branches, agencies, and other offices of
foreign banks supervised by the Federal
Reserve.
Annual Reporting Hours: 3,592 hours.
Estimated Average Hours per
Response: Establish compliance
program, 16 hours; and maintenance of
compliance program, 4 hours.
Number of Respondents: Establish
compliance program, 13; and
maintenance of compliance program,
1,173.
General Description of Report: This
information collection is mandatory
pursuant to the Bank Secrecy Act (BSA)
(31 U.S.C. 513(h)). In addition, sections
11, 21, 25, and 25A of the Federal
Reserve Act (12 U.S.C. 248(a), 483, 602,
and 611(a)) authorize the Federal
Reserve to require the information
collection and recordkeeping
requirements set forth in Regulations K
and H. Section 5 of the Bank Holding
Company Act (12 U.S.C. 1844) and
section 13(a) of the International
Banking Act (12 U.S.C. 3108(a)) provide
further authority for sections 211.5(m)
and 211.24(j)(1) of Regulation K. Since
the Federal Reserve does not collect any
information, no issue of confidentiality
normally arises. However, if a BSA
compliance program becomes a Federal
Reserve record during an examination,
the information may be protected from
disclosure under exemptions (b)(4) and
(8) of the Freedom of Information Act (5
U.S.C. 552(b)(4) and (b)(8)).
Abstract: Sections 211.5(m)(1) and
211.24(j)(1) of Regulation K require Edge
and agreement corporations and U.S.
branches, agencies, and other offices of
foreign banks supervised by the Federal
Reserve to establish and maintain
procedures reasonably designed to
ensure and monitor compliance with
the BSA and related regulations.
Current Actions: On December 23,
2008, the Federal Reserve published a
notice in the Federal Register (73 FR
78797) requesting public comment for
60 days on the proposal to extend, with
revision, the Recordkeeping
Requirements of Regulation H and
Regulation K Associated with Bank
Secrecy Act Compliance Programs. The
comment period for this notice expired
on February 23, 2009. No comments
were received. The revisions will be
implemented as proposed.
3. Report Title: Weekly Report of
Selected Assets and Liabilities of
Domestically Chartered Commercial
Banks and U.S. Branches and Agencies
of Foreign Banks.
Agency Form Number: FR 2644.
OMB Control Number: 7100–0075.
Frequency: Weekly.
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Reporters: Domestically chartered
commercial banks and U.S. branches
and agencies of foreign banks.
Annual Reporting Hours: 120,575
hours.
Estimated Average Hours per
Response: 2.65 hours.
Number of Respondents: 875.
General Description of Report: The FR
2644 is authorized by section 2A and
11(a)(2) of the Federal Reserve Act (12
U.S.C. 225(a) and 248(a)(2)) and by
section 7(c)(2) of the International
Banking Act (12 U.S.C. 3105(c)(2)) and
is voluntary. Individual respondent data
are regarded as confidential under the
Freedom of Information Act (5 U.S.C.
552(b)(4)).
Abstract: The Weekly Report of Assets
and Liabilities for Large U.S. Branches
and Agencies of Foreign Banks (FR
2069; OMB No. 7100–0030), the Weekly
Report of Assets and Liabilities for Large
Banks (FR 2416; OMB No. 7100–0075),
and the Weekly Report of Selected
Assets (FR 2644; OMB No. 7100–0075)
are referred to collectively as the bank
credit reports. These three voluntary
reports have been the primary source of
high-frequency data used in the analysis
of current banking developments. The
FR 2416 data are used on a stand-alone
basis to construct the large domestically
chartered bank series. The other two
reports collect sample data that are used
to estimate universe levels using data
from the quarterly commercial bank
Consolidated Reports of Condition and
Income (FFIEC 031 and 041; OMB No.
7100–0036) and the Report of Assets
and Liabilities of U.S. Branches and
Agencies of Foreign Banks (FFIEC 002;
OMB No. 7100–0032) (Call Reports).
Data from all three bank credit reports,
together with data from other sources,
are used to construct weekly estimates
of bank credit, balance sheet data for the
U.S. banking industry, sources and uses
of banks’ funds, and to analyze banking
developments.
The Federal Reserve publishes the
data in aggregate form in the weekly H.8
statistical release, Assets and Liabilities
of Commercial Banks in the United
States, which is followed closely by
other government agencies, the banking
industry, the financial press, and other
users. This release provides a balance
sheet for the banking industry as a
whole and data disaggregated by its
large domestically chartered, small
domestically chartered, and foreignrelated components.
Current Actions: On December 15,
2008, the Federal Reserve published a
notice in the Federal Register (73 FR
76027) requesting public comment for
60 days on the extension, with revision,
of the FR 2644. The comment period for
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this notice expired on February 13,
2009. The Federal Reserve received two
comment letters, one from a U.S.
Government agency and one from a
commercial bank. One commenter
supported the proposed changes and
described its use of the data in
constructing a component of personal
outlays in the national income and
product accounts. One commenter
stated that investment and loan
information would be difficult to obtain
on a weekly basis. After considering
these comments, the Federal Reserve
has approved the revisions to the FR
2644 as originally proposed. The new
FR 2644 reporting form and instructions
are available on the Federal Reserve’s
public Web site (https://
www.federalreserve.gov/reportforms/
review.cfm).
Effective Date: The FR 2644 reporting
form change is effective for data
reported as of Wednesday, July 1, 2009.
Respondents should continue to use
their current reporting form and
instructions through the preceding date,
Wednesday, June 24, 2009.
Final Approval, Under OMB Delegated
Authority, of the Discontinuance of the
Following Reports
Report Title: The Weekly Report of
Assets and Liabilities for Large U.S.
Branches and Agencies of Foreign
Banks; the Weekly Report of Assets and
Liabilities for Large Banks.
Agency Form Number: FR 2069; FR
2416.
OMB Control Number: 7100–0030;
7100–0075.
Frequency: Weekly.
Reporters: U.S. branches and agencies
of foreign banks; Domestically chartered
commercial banks.
Annual Reporting Hours: FR 2069,
14,560 hours; FR 2416, 22,386 hours.
Estimated Average Hours per
Response: FR 2069, 4.00 hours; FR 2416,
8.61 hours.
Number of Respondents: FR 2069, 70;
FR 2416, 50.
Current Actions: On December 15,
2008, the Federal Reserve published a
notice in the Federal Register (73 FR
76027) requesting public comment for
60 days on the discontinuance of the FR
2069 and FR 2416. The comment period
for this notice expired on February 13,
2009. No comments were received. The
reports will be discontinued as
proposed. The new FR 2644 reporting
form and instructions are available on
the Federal Reserve’s public Web site
(https://www.federalreserve.gov/
reportforms/review.cfm).
Effective Date: The FR 2069 and FR
2416 reporting forms will be
discontinued effective Wednesday, July
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Federal Register / Vol. 74, No. 47 / Thursday, March 12, 2009 / Notices
1, 2009. Respondents should continue
to use their current reporting form and
instructions through the preceding date,
Wednesday, June 24, 2009. Beginning
July 1, 2009, all bank credit respondents
should file the FR 2644 reporting form.
FEDERAL RESERVE SYSTEM
Final Approval Under OMB Delegated
Authority To Conduct the Following
Survey
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:
Federal Reserve Board Clearance
Officer—Michelle Shore—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 Revision, Without
Extension, of the Following Reports:
1. Report Title: Financial Statements
of Nonbank Subsidiaries of U.S. Bank
Holding Companies.
Agency Form Number: FR Y–11.
OMB Control Number: 7100–0244.
Frequency: Quarterly and annually.
Reporters: Bank holding companies
(BHCs).
Annual Reporting Hours: FR Y–11
(quarterly), 11,424 hours; FR Y–11
(annually), 1,489 hours.
Estimated Average Hours per
Response: FR Y–11 (quarterly), 6.80
hours; FR Y–11 (annual), 6.80 hours.
Number of Respondents: FR Y–11
(quarterly), 420; FR Y–11 (annually),
219.
General Description of Report: This
information collection is mandatory (12
U.S.C. 1844(c)). Confidential treatment
is not routinely given to the data in
these reports. However, confidential
treatment for the reporting information,
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Report Title: 2010 Survey of
Consumer Finances (SCF).
Agency Form Number: FR 3059.
OMB Control Number: 7100–0287.
Frequency: One-time survey.
Reporters: U.S. families.
Annual Reporting Hours: 9,322 hours.
Estimated Average Hours per
Response: Business pretest, 15 minutes;
and Main pretest, Main survey, Reinterview 1, and Re-interview 2, 75
minutes each.
Number of Respondents: Business
pretest, 30; Main pretest, 150; Main
survey, 7,000; Re-interview 1, 150; and
Re-interview 2, 150.
General Description of Report: This
information collection is voluntary (12
U.S.C. 225a and 263). The names and
other characteristics that would directly
identify respondents would be retained
by the Federal Reserve’s contractor and
are exempt from disclosure pursuant to
the Confidential Information Protection
and Statistical Efficiency Act and
section (b)(3) of the Freedom of
Information Act (5 U.S.C. 552 (b)(3)).
Abstract: For many years, the Federal
Reserve has sponsored consumer
surveys to obtain information on the
financial behavior of households. The
2010 SCF would be the latest in a
triennial series, which began in 1983,
that provides comprehensive data for
U.S. families on the distribution of
assets and debts, along with related
information and other data items
necessary for analyzing financial
behavior. The SCF is the only survey
conducted in the United States that
provides such financial data for a
representative sample of households.
Current Actions: On December 23,
2008, the Federal Reserve published a
notice in the Federal Register (73 FR
78797) requesting public comment for
60 days on the proposal to conduct the
Survey of Consumer Finances. The
comment period for this notice expired
on February 23, 2009. No comments
were received. The survey will be
conducted as proposed.
Board of Governors of the Federal Reserve
System, March 9, 2009.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. E9–5335 Filed 3–11–09; 8:45 am]
BILLING CODE 6210–01–P
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Activities: Announcement of Board
Approval Under Delegated Authority
and Submission to OMB
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10741
in whole or in part, can be requested in
accordance with the instructions to the
form, pursuant to sections (b)(4), (b)(6)
and (b)(8) of the Freedom of Information
Act [5 U.S.C. 552(b)(4), (b)(6) and (b)(8)].
Abstract: The FR Y–11 reporting
forms collect financial information for
individual non-functionally regulated
U.S. nonbank subsidiaries of domestic
BHCs. BHCs file the FR Y–11 on a
quarterly or annual basis according to
filing criteria. The FR Y–11 data are
used with other BHC data to assess the
condition of BHCs that are heavily
engaged in nonbanking activities and to
monitor the volume, nature, and
condition of their nonbanking
operations.
Current Actions: On November 13,
2008, the Federal Reserve published a
notice in the Federal Register (73 FR
67159) requesting public comment for
60 days on the revision, without
extension, of the FR Y–11. The
comment period for this notice expired
on January 12, 2009. The Federal
Reserve did not receive any comments;
the revisions will be implemented as
proposed.
2. Report Title: Financial Statements
of Foreign Subsidiaries of U.S. Banking
Organizations.
Agency Form Number: FR 2314.
OMB Control Number: 7100–0073.
Frequency: Quarterly and annually.
Reporters: Foreign subsidiaries of U.S.
state member banks (SMBs), bank
holding companies (BHCs), and Edge or
agreement corporations.
Annual Reporting Hours: FR 2314
(quarterly), 5,755 hours; FR 2314
(annually), 1,109 hours.
Estimated Average Hours per
Response: FR 2314 (quarterly), 6.60
hours; FR 2314 (annual), 6.60 hours.
Number of Respondents: FR 2314
(quarterly), 218; FR 2314 (annually),
168.
General Description of Report: This
information collection is mandatory (12
U.S.C. 324, 602, 625, and 1844(c)).
Confidential treatment is not routinely
given to the data in these reports.
However, confidential treatment for the
reporting information, in whole or in
part, can be requested in accordance
with the instructions to the form,
pursuant to sections (b)(4), (b)(6) and
(b)(8) of the Freedom of Information Act
[5 U.S.C. 552(b)(4), (b)(6) and (b)(8)].
Abstract: The FR 2314 reports collect
financial information for nonfunctionally regulated direct or indirect
foreign subsidiaries of U.S. SMBs, Edge
and agreement corporations, and BHCs.
Parent organizations (SMBs, Edge and
agreement corporations, or BHCs) file
the FR 2314 on a quarterly or annual
basis according to filing criteria. The FR
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]]>Agencies
[Federal Register Volume 74, Number 47 (Thursday, March 12, 2009)]
[Notices]
[Pages 10739-10741]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E9-5335]
=======================================================================
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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:
Federal Reserve Board Clearance Officer--Michelle Shore--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, 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: 1,176 hours.
Estimated Average Hours per Response: 3.5 hours.
Number of Respondents: 84.
General Description of Report: This information collection is
required (12 U.S.C. 248(a) (2), 353 et seq., 461, 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 Actions: On December 23, 2008, the Federal Reserve
published a notice in the Federal Register (73 FR 78797) requesting
public comment for 60 days on the proposal to extend, with revision,
the FR 2502q. The comment period for this notice expired on February
23, 2009. The Federal Reserve received one comment from a Federal
agency describing its use of the data to prepare economic account
information and estimates of international transactions. The revisions
will be implemented as proposed.
2. Report Title: Recordkeeping Requirements of Regulation H and
Regulation K Associated with Bank Secrecy Act Compliance Programs.
Agency Form Number: Reg K.
OMB Control Number: 7100-0310.
Frequency: Annually.
Reporters: State member banks; Edge and agreement corporations; and
U.S.
[[Page 10740]]
branches, agencies, and other offices of foreign banks supervised by
the Federal Reserve.
Annual Reporting Hours: 3,592 hours.
Estimated Average Hours per Response: Establish compliance program,
16 hours; and maintenance of compliance program, 4 hours.
Number of Respondents: Establish compliance program, 13; and
maintenance of compliance program, 1,173.
General Description of Report: This information collection is
mandatory pursuant to the Bank Secrecy Act (BSA) (31 U.S.C. 513(h)). In
addition, sections 11, 21, 25, and 25A of the Federal Reserve Act (12
U.S.C. 248(a), 483, 602, and 611(a)) authorize the Federal Reserve to
require the information collection and recordkeeping requirements set
forth in Regulations K and H. Section 5 of the Bank Holding Company Act
(12 U.S.C. 1844) and section 13(a) of the International Banking Act (12
U.S.C. 3108(a)) provide further authority for sections 211.5(m) and
211.24(j)(1) of Regulation K. Since the Federal Reserve does not
collect any information, no issue of confidentiality normally arises.
However, if a BSA compliance program becomes a Federal Reserve record
during an examination, the information may be protected from disclosure
under exemptions (b)(4) and (8) of the Freedom of Information Act (5
U.S.C. 552(b)(4) and (b)(8)).
Abstract: Sections 211.5(m)(1) and 211.24(j)(1) of Regulation K
require Edge and agreement corporations and U.S. branches, agencies,
and other offices of foreign banks supervised by the Federal Reserve to
establish and maintain procedures reasonably designed to ensure and
monitor compliance with the BSA and related regulations.
Current Actions: On December 23, 2008, the Federal Reserve
published a notice in the Federal Register (73 FR 78797) requesting
public comment for 60 days on the proposal to extend, with revision,
the Recordkeeping Requirements of Regulation H and Regulation K
Associated with Bank Secrecy Act Compliance Programs. The comment
period for this notice expired on February 23, 2009. No comments were
received. The revisions will be implemented as proposed.
3. Report Title: Weekly Report of Selected Assets and Liabilities
of Domestically Chartered Commercial Banks and U.S. Branches and
Agencies of Foreign Banks.
Agency Form Number: FR 2644.
OMB Control Number: 7100-0075.
Frequency: Weekly.
Reporters: Domestically chartered commercial banks and U.S.
branches and agencies of foreign banks.
Annual Reporting Hours: 120,575 hours.
Estimated Average Hours per Response: 2.65 hours.
Number of Respondents: 875.
General Description of Report: The FR 2644 is authorized by section
2A and 11(a)(2) of the Federal Reserve Act (12 U.S.C. 225(a) and
248(a)(2)) and by section 7(c)(2) of the International Banking Act (12
U.S.C. 3105(c)(2)) and is voluntary. Individual respondent data are
regarded as confidential under the Freedom of Information Act (5 U.S.C.
552(b)(4)).
Abstract: The Weekly Report of Assets and Liabilities for Large
U.S. Branches and Agencies of Foreign Banks (FR 2069; OMB No. 7100-
0030), the Weekly Report of Assets and Liabilities for Large Banks (FR
2416; OMB No. 7100-0075), and the Weekly Report of Selected Assets (FR
2644; OMB No. 7100-0075) are referred to collectively as the bank
credit reports. These three voluntary reports have been the primary
source of high-frequency data used in the analysis of current banking
developments. The FR 2416 data are used on a stand-alone basis to
construct the large domestically chartered bank series. The other two
reports collect sample data that are used to estimate universe levels
using data from the quarterly commercial bank Consolidated Reports of
Condition and Income (FFIEC 031 and 041; OMB No. 7100-0036) and the
Report of Assets and Liabilities of U.S. Branches and Agencies of
Foreign Banks (FFIEC 002; OMB No. 7100-0032) (Call Reports). Data from
all three bank credit reports, together with data from other sources,
are used to construct weekly estimates of bank credit, balance sheet
data for the U.S. banking industry, sources and uses of banks' funds,
and to analyze banking developments.
The Federal Reserve publishes the data in aggregate form in the
weekly H.8 statistical release, Assets and Liabilities of Commercial
Banks in the United States, which is followed closely by other
government agencies, the banking industry, the financial press, and
other users. This release provides a balance sheet for the banking
industry as a whole and data disaggregated by its large domestically
chartered, small domestically chartered, and foreign-related
components.
Current Actions: On December 15, 2008, the Federal Reserve
published a notice in the Federal Register (73 FR 76027) requesting
public comment for 60 days on the extension, with revision, of the FR
2644. The comment period for this notice expired on February 13, 2009.
The Federal Reserve received two comment letters, one from a U.S.
Government agency and one from a commercial bank. One commenter
supported the proposed changes and described its use of the data in
constructing a component of personal outlays in the national income and
product accounts. One commenter stated that investment and loan
information would be difficult to obtain on a weekly basis. After
considering these comments, the Federal Reserve has approved the
revisions to the FR 2644 as originally proposed. The new FR 2644
reporting form and instructions are available on the Federal Reserve's
public Web site (https://www.federalreserve.gov/reportforms/review.cfm).
Effective Date: The FR 2644 reporting form change is effective for
data reported as of Wednesday, July 1, 2009. Respondents should
continue to use their current reporting form and instructions through
the preceding date, Wednesday, June 24, 2009.
Final Approval, Under OMB Delegated Authority, of the Discontinuance of
the Following Reports
Report Title: The Weekly Report of Assets and Liabilities for Large
U.S. Branches and Agencies of Foreign Banks; the Weekly Report of
Assets and Liabilities for Large Banks.
Agency Form Number: FR 2069; FR 2416.
OMB Control Number: 7100-0030; 7100-0075.
Frequency: Weekly.
Reporters: U.S. branches and agencies of foreign banks;
Domestically chartered commercial banks.
Annual Reporting Hours: FR 2069, 14,560 hours; FR 2416, 22,386
hours.
Estimated Average Hours per Response: FR 2069, 4.00 hours; FR 2416,
8.61 hours.
Number of Respondents: FR 2069, 70; FR 2416, 50.
Current Actions: On December 15, 2008, the Federal Reserve
published a notice in the Federal Register (73 FR 76027) requesting
public comment for 60 days on the discontinuance of the FR 2069 and FR
2416. The comment period for this notice expired on February 13, 2009.
No comments were received. The reports will be discontinued as
proposed. The new FR 2644 reporting form and instructions are available
on the Federal Reserve's public Web site (https://
www.federalreserve.gov/reportforms/review.cfm).
Effective Date: The FR 2069 and FR 2416 reporting forms will be
discontinued effective Wednesday, July
[[Page 10741]]
1, 2009. Respondents should continue to use their current reporting
form and instructions through the preceding date, Wednesday, June 24,
2009. Beginning July 1, 2009, all bank credit respondents should file
the FR 2644 reporting form.
Final Approval Under OMB Delegated Authority To Conduct the Following
Survey
Report Title: 2010 Survey of Consumer Finances (SCF).
Agency Form Number: FR 3059.
OMB Control Number: 7100-0287.
Frequency: One-time survey.
Reporters: U.S. families.
Annual Reporting Hours: 9,322 hours.
Estimated Average Hours per Response: Business pretest, 15 minutes;
and Main pretest, Main survey, Re-interview 1, and Re-interview 2, 75
minutes each.
Number of Respondents: Business pretest, 30; Main pretest, 150;
Main survey, 7,000; Re-interview 1, 150; and Re-interview 2, 150.
General Description of Report: This information collection is
voluntary (12 U.S.C. 225a and 263). The names and other characteristics
that would directly identify respondents would be retained by the
Federal Reserve's contractor and are exempt from disclosure pursuant to
the Confidential Information Protection and Statistical Efficiency Act
and section (b)(3) of the Freedom of Information Act (5 U.S.C. 552
(b)(3)).
Abstract: For many years, the Federal Reserve has sponsored
consumer surveys to obtain information on the financial behavior of
households. The 2010 SCF would be the latest in a triennial series,
which began in 1983, that provides comprehensive data for U.S. families
on the distribution of assets and debts, along with related information
and other data items necessary for analyzing financial behavior. The
SCF is the only survey conducted in the United States that provides
such financial data for a representative sample of households.
Current Actions: On December 23, 2008, the Federal Reserve
published a notice in the Federal Register (73 FR 78797) requesting
public comment for 60 days on the proposal to conduct the Survey of
Consumer Finances. The comment period for this notice expired on
February 23, 2009. No comments were received. The survey will be
conducted as proposed.
Board of Governors of the Federal Reserve System, March 9, 2009.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. E9-5335 Filed 3-11-09; 8:45 am]
BILLING CODE 6210-01-P
