Proposed Agency Information Collection Activities; Comment Request, 7475-7476 [2018-03543]
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Federal Register / Vol. 83, No. 35 / Wednesday, February 21, 2018 / Notices
should modify the proposal prior to
giving final approval.
daltland on DSKBBV9HB2PROD with NOTICES
Proposal To Approve Under OMB
Delegated Authority the Extension for
Three Years, With Revision, of the
Following Report
Report title: Report of Transaction
Accounts, Other Deposits, and Vault
Cash (FR 2900); Annual Report of
Deposits and Reservable Liabilities (FR
2910a); Report of Foreign (Non-U.S.)
Currency Deposits (FR 2915); and
Allocation of Low Reserve Tranche and
Reservable Liabilities Exemption (FR
2930).
Agency form number: FR 2900; FR
2910a; FR 2915; and FR 2930.
OMB control number: 7100–0087.
Frequency: Weekly, quarterly,
annually, and on occasion.
Respondents: Depository institutions.
Estimated number of respondents: FR
2900 (Weekly), 2,007; FR 2900
(Quarterly), 4,395; FR 2910a, 2,941; FR
2915, 122; and FR 2930, 93.
Estimated average hours per response:
FR 2900 (Weekly), 1.25; FR 2900
(Quarterly), 3; FR 2910a, 0.75; FR 2915,
0.5; and FR 2930, 0.25.
Estimated annual burden hours: FR
2900 (Weekly), 130,455; FR 2900
(Quarterly), 52,740; FR 2910a, 2,206; FR
2915, 244; FR 2930, 23.
General description of reports: Data
from these mandatory reports are used
by the Board for administering
Regulation D (Reserve Requirements of
Depository Institutions) and for
constructing, analyzing, and monitoring
the monetary and reserve aggregates.
The FR 2900 is the primary source of
data used for the calculation of required
reserves and applied vault cash, and for
the construction and analysis of the
monetary aggregates. Data are also used
for indexing the exemption amount and
low reserve tranche amount each year,
as required by statute and for indexing
the nonexempt deposit cutoff and
reduced reporting limit each year, as
determined by the Board, amounts
which determine whether depository
institutions file the FR 2900 either
weekly or quarterly. The FR 2910a is
generally submitted by exempt
institutions whose total deposits (as
shown on their December Call Report) 1
are greater than the exemption amount.
1 In this document, the term Call Report refers to
the Consolidated Reports of Condition and Income
(FFIEC 031, FFIEC 041, and FFIEC 051; OMB No.
7100–0036) filed by commercial banks, Report of
Assets and Liabilities of U.S. Branches and
Agencies of Foreign Banks (FFIEC 002; OMB No.
7100–0032), Statement of Financial Condition
(NCUA 5300; OMB No. 3133–0004) filed by credit
unions, and Consolidated Report of Condition and
Income for Edge and Agreement Corporations (FR
2886b; OMB No. 7100–0086).
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19:57 Feb 20, 2018
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All FR 2900 respondents, both weekly
and quarterly, that offer deposits
denominated in foreign currencies at
their U.S. offices file the FR 2915
quarterly on the same reporting
schedule as quarterly FR 2900
respondents. Foreign currency deposits
are subject to reserve requirements and,
therefore, are included in the FR 2900
data. However, because foreign currency
deposits are not included in the
monetary aggregates, the FR 2915 data
are used to net foreign currencydenominated deposits from the FR 2900
data to exclude them from measures of
the monetary aggregates. The FR 2930
data are collected when the low reserve
tranche and reservable liabilities
exemption thresholds are adjusted
toward the end of each calendar year or
upon the establishment of an office
outside the home state or Federal
Reserve District.
Proposed revisions: The Board
proposes raising the nonexempt deposit
cutoff to $1 billion, substantially
increasing the cutoff from its indexed
amount of $457.5 million that is set to
take effect in September 2018. This
proposed increase in the nonexempt
deposit cutoff would reduce reporting
burden on depository institutions while
maintaining accurate measurements of
the money and reserves aggregates. With
this increase, the Board estimates that
approximately 1,000 depository
institutions would become newly
eligible to elect to shift from weekly to
quarterly FR 2900 reporting. However,
consistent with current policy, newly
eligible institutions for quarterly
reporting may elect to continue
reporting weekly. There are no changes
proposed for the FR 2910a, FR 2915, or
FR 2930.
Legal authorization and
confidentiality: The information
collected on these reports is authorized
under sections 11, 25(7), and 25A(17) of
the Federal Reserve Act (FRA), and
section 7 of the International Banking
Act (IBA). Section 11 of the FRA (12
U.S.C. 248(a)) authorizes the Board to
require reports from each member bank
as it may deem necessary and authorizes
the Board to prescribe reports of
liabilities and assets from insured
depository institutions to enable the
Board to discharge its responsibility to
monitor and control monetary and
credit aggregates. Sections 25(7) and
25A(17) of the FRA (12 U.S.C. 604a and
625) authorize the Board to require Edge
and agreement corporations to make
reports to the Board. Section 7 of the
IBA (12 U.S.C. 3105(c)(2)) authorizes the
Board to require reports from U.S.
branches and agencies of foreign banks.
The FR 2900, FR 2910a, FR 2915, and
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Fmt 4703
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7475
FR 2930 are all mandatory. The release
of data collected on these forms would
likely cause substantial harm to the
competitive position of the respondent
if made publicly available. The data
collected on these forms, therefore, may
be kept confidential under exemption 4
of the Freedom of Information Act,
which protects from disclosure trade
secrets and commercial or financial
information (5 U.S.C. 552(b)(4)).
Board of Governors of the Federal Reserve
System, February 15, 2018.
Ann E. Misback,
Secretary of the Board.
[FR Doc. 2018–03544 Filed 2–20–18; 8:45 am]
BILLING CODE 6210–01–P
FEDERAL RESERVE SYSTEM
Proposed Agency Information
Collection Activities; Comment
Request
Board of Governors of the
Federal Reserve System.
ACTION: Notice, request for comment.
AGENCY:
The Board of Governors of the
Federal Reserve System (Board) invites
comment on a proposal to extend for
three years, without revision, the
voluntary Quarterly Report of Interest
Rates on Selected Direct Consumer
Installment Loans and the Quarterly
Report of Credit Card Plans (FR 2835;
FR 2835a; OMB No. 7100–0085).
DATES: Comments must be submitted on
or before April 23, 2018.
ADDRESSES: You may submit comments,
identified by FR 2835 or FR 2835a, by
any of the following methods:
• Agency Website: 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: Ann E. Misback, 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 website 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
SUMMARY:
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21FEN1
7476
Federal Register / Vol. 83, No. 35 / Wednesday, February 21, 2018 / Notices
daltland on DSKBBV9HB2PROD with NOTICES
contact information. Public comments
may also be viewed electronically or in
paper form in Room 3515, 1801 K Street
(between 18th and 19th Streets NW),
Washington, DC 20006 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
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 website 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 Clearance
Officer—Nuha Elmaghrabi—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: On June
15, 1984, the Office of Management and
Budget (OMB) delegated to the Board
authority under the Paperwork
Reduction Act (PRA) to approve of and
assign OMB control numbers to
collection of information requests and
requirements conducted or sponsored
by the Board. In exercising this
delegated authority, the Board is
directed to take every reasonable step to
solicit comment. In determining
whether to approve a collection of
information, the Board will consider all
comments received from the public and
other agencies.
Request for Comment on Information
Collection Proposal
The Board invites public comment on
the following information collection,
which is being reviewed under
authority delegated by the OMB under
the PRA. 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
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20:58 Feb 20, 2018
Jkt 244001
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 startup costs
and costs of operation, maintenance,
and purchase of services to provide
information.
At the end of the comment period, the
comments and recommendations
received will be analyzed to determine
the extent to which the Federal Reserve
should modify the proposal prior to
giving final approval.
Proposal To Approve Under OMB
Delegated Authority the Extension for
Three Years, Without Revision, of the
Following Report
Report title: Quarterly Report of
Interest Rates on Selected Direct
Consumer Installment Loans and
Quarterly Report of Credit Card Plans.
Agency form number: FR 2835; FR
2835a.
OMB control number: 7100–0085.
Frequency: Quarterly.
Respondents: Commercial banks.
Estimated number of respondents: FR
2835: 150; FR 2835a: 50.
Estimated average hours per response:
FR 2835: .29 hours; FR 2835a: .50 hours.
Estimated annual burden hours: FR
2835: 176 hours; FR 2835a: 100 hours.
General description of report: 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 data are used for
the analysis of household financial
conditions. 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 group of smaller issuers.
The data are used to analyze the credit
card market and draw implications for
the household sector.
Legal authorization and
confidentiality: The Board is authorized
to collect the information on the FR
2835 and FR 2835a by sections 2A and
11 of the Federal Reserve Act (‘‘FRA’’).
Section 2A of the FRA (12 U.S.C. 225a)
requires that the Board and the Federal
Open Market Committee (‘‘FOMC’’)
maintain long-run growth of the
monetary and credit aggregates
commensurate with the economy’s long
run potential to increase production, so
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Fmt 4703
Sfmt 4703
as to promote effectively the goals of
maximum employment, stable prices,
and moderate long-term interest rates.
Section 11 of the FRA (12 U.S.C. 248(a))
authorizes the Board to require reports
from each member bank as it may deem
necessary and authorizes the Board to
prescribe reports of liabilities and assets
from insured depository institutions to
enable the Board to discharge its
responsibility to monitor and control
monetary and credit aggregates. The
information collected on the FR 2835
and FR 2835a assist the Board and the
FOMC with fulfilling these obligations.
Both the 2835 and 2835a are voluntary.
With respect to the FR 2835, only the
narrative information to explain large
fluctuations in reported data is
considered confidential. With respect to
the 2835a, the individual respondent
data is considered confidential. Such
treatment is appropriate because the
data is not publicly available and the
public release of this data is likely to
impair the Board’s ability to collect
necessary information in the future and
cause substantial harm to the
competitive position of the respondent.
Thus, this information may be kept
confidential under exemption (b)(4) of
the Freedom of Information Act, which
exempts from disclosure ‘‘trade secrets
and commercial or financial information
obtained from a person and privileged
or confidential.’’ (5 U.S.C. 552(b)(4)).
Board of Governors of the Federal Reserve
System, February 15, 2018.
Ann E. Misback,
Secretary of the Board.
[FR Doc. 2018–03543 Filed 2–20–18; 8:45 am]
BILLING CODE 6210–01–P
FEDERAL RESERVE SYSTEM
Formations of, Acquisitions by, and
Mergers of Bank Holding Companies
The companies listed in this notice
have applied to the Board for approval,
pursuant to the Bank Holding Company
Act of 1956 (12 U.S.C. 1841 et seq.)
(BHC Act), Regulation Y (12 CFR part
225), and all other applicable statutes
and regulations to become a bank
holding company and/or to acquire the
assets or the ownership of, control of, or
the power to vote shares of a bank or
bank holding company and all of the
banks and nonbanking companies
owned by the bank holding company,
including the companies listed below.
The applications listed below, as well
as other related filings required by the
Board, are available for immediate
inspection at the Federal Reserve Bank
indicated. The applications will also be
available for inspection at the offices of
E:\FR\FM\21FEN1.SGM
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]]>Agencies
[Federal Register Volume 83, Number 35 (Wednesday, February 21, 2018)]
[Notices]
[Pages 7475-7476]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-03543]
-----------------------------------------------------------------------
FEDERAL RESERVE SYSTEM
Proposed Agency Information Collection Activities; Comment
Request
AGENCY: Board of Governors of the Federal Reserve System.
ACTION: Notice, request for comment.
-----------------------------------------------------------------------
SUMMARY: The Board of Governors of the Federal Reserve System (Board)
invites comment on a proposal to extend for three years, without
revision, the voluntary Quarterly Report of Interest Rates on Selected
Direct Consumer Installment Loans and the Quarterly Report of Credit
Card Plans (FR 2835; FR 2835a; OMB No. 7100-0085).
DATES: Comments must be submitted on or before April 23, 2018.
ADDRESSES: You may submit comments, identified by FR 2835 or FR 2835a,
by any of the following methods:
Agency Website: 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: [email protected]. Include OMB
number in the subject line of the message.
FAX: (202) 452-3819 or (202) 452-3102.
Mail: Ann E. Misback, 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 website 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
[[Page 7476]]
contact information. Public comments may also be viewed electronically
or in paper form in Room 3515, 1801 K Street (between 18th and 19th
Streets NW), Washington, DC 20006 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 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 website 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 Clearance Officer--Nuha Elmaghrabi--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: On June 15, 1984, the Office of Management
and Budget (OMB) delegated to the Board authority under the Paperwork
Reduction Act (PRA) to approve of and assign OMB control numbers to
collection of information requests and requirements conducted or
sponsored by the Board. In exercising this delegated authority, the
Board is directed to take every reasonable step to solicit comment. In
determining whether to approve a collection of information, the Board
will consider all comments received from the public and other agencies.
Request for Comment on Information Collection Proposal
The Board invites public comment on the following information
collection, which is being reviewed under authority delegated by the
OMB under the PRA. 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 startup costs and costs of operation,
maintenance, and purchase of services to provide information.
At the end of the comment period, the comments and recommendations
received will be analyzed to determine the extent to which the Federal
Reserve should modify the proposal prior to giving final approval.
Proposal To Approve Under OMB Delegated Authority the Extension for
Three Years, Without Revision, of the Following Report
Report title: Quarterly Report of Interest Rates on Selected Direct
Consumer Installment Loans and Quarterly Report of Credit Card Plans.
Agency form number: FR 2835; FR 2835a.
OMB control number: 7100-0085.
Frequency: Quarterly.
Respondents: Commercial banks.
Estimated number of respondents: FR 2835: 150; FR 2835a: 50.
Estimated average hours per response: FR 2835: .29 hours; FR 2835a:
.50 hours.
Estimated annual burden hours: FR 2835: 176 hours; FR 2835a: 100
hours.
General description of report: 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 data are used for the analysis of household financial
conditions. 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 group of
smaller issuers. The data are used to analyze the credit card market
and draw implications for the household sector.
Legal authorization and confidentiality: The Board is authorized to
collect the information on the FR 2835 and FR 2835a by sections 2A and
11 of the Federal Reserve Act (``FRA''). Section 2A of the FRA (12
U.S.C. 225a) requires that the Board and the Federal Open Market
Committee (``FOMC'') maintain long-run growth of the monetary and
credit aggregates commensurate with the economy's long run potential to
increase production, so as to promote effectively the goals of maximum
employment, stable prices, and moderate long-term interest rates.
Section 11 of the FRA (12 U.S.C. 248(a)) authorizes the Board to
require reports from each member bank as it may deem necessary and
authorizes the Board to prescribe reports of liabilities and assets
from insured depository institutions to enable the Board to discharge
its responsibility to monitor and control monetary and credit
aggregates. The information collected on the FR 2835 and FR 2835a
assist the Board and the FOMC with fulfilling these obligations. Both
the 2835 and 2835a are voluntary. With respect to the FR 2835, only the
narrative information to explain large fluctuations in reported data is
considered confidential. With respect to the 2835a, the individual
respondent data is considered confidential. Such treatment is
appropriate because the data is not publicly available and the public
release of this data is likely to impair the Board's ability to collect
necessary information in the future and cause substantial harm to the
competitive position of the respondent. Thus, this information may be
kept confidential under exemption (b)(4) of the Freedom of Information
Act, which exempts from disclosure ``trade secrets and commercial or
financial information obtained from a person and privileged or
confidential.'' (5 U.S.C. 552(b)(4)).
Board of Governors of the Federal Reserve System, February 15,
2018.
Ann E. Misback,
Secretary of the Board.
[FR Doc. 2018-03543 Filed 2-20-18; 8:45 am]
BILLING CODE 6210-01-P
