Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 22487 [2018-10267]
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Federal Register / Vol. 83, No. 94 / Tuesday, May 15, 2018 / Notices
(12 U.S.C. 248(a)(2)), which 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 FR 2502q report
is mandatory. The information from this
collection would not be accorded
confidential treatment because release
of the information is not likely to result
in substantial harm to the competitive
position of the respondents. If
confidential treatment is requested by a
respondent, the Board will review the
request to determine if confidential
treatment is appropriate.
Current actions: On February 22,
2018, the Federal Reserve published a
notice in the Federal Register (83 FR
7725) requesting public comment for 60
days on the extension, without revision,
of the Quarterly Report of Assets and
Liabilities of Large Foreign Offices of
U.S. Banks (FR 2502q; OMB No. 7100–
0079). The comment period for this
notice expired on April 23, 2018. The
Federal Reserve did not receive any
comments.
Board of Governors of the Federal Reserve
System, May 9, 2018.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2018–10266 Filed 5–14–18; 8:45 am]
BILLING CODE 6210–01–P
FEDERAL RESERVE SYSTEM
Agency Information Collection
Activities: Announcement of Board
Approval Under Delegated Authority
and Submission to OMB
Board of Governors of the
Federal Reserve System.
SUMMARY: The Board of Governors of the
Federal Reserve System (Board) is
adopting a proposal to extend for three
years, without revision, the 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).
FOR FURTHER INFORMATION CONTACT:
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.
daltland on DSKBBV9HB2PROD with NOTICES
AGENCY:
VerDate Sep<11>2014
20:27 May 14, 2018
Jkt 244001
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.
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. 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.
Final approval under OMB delegated
authority of 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
PO 00000
Frm 00047
Fmt 4703
Sfmt 9990
22487
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)).
Current actions: On February 21,
2018, the Board published a notice in
the Federal Register (83 FR 7475)
requesting public comment for 60 days
on the extension, without revision, of
the Quarterly Report of Interest Rates on
Selected Direct Consumer Installment
Loans and the Quarterly Report of
Credit Card Plans. The comment period
for this notice expired on April 23,
2018. The Board did not receive any
comments. The information collection
will be extended as proposed.
Board of Governors of the Federal Reserve
System, May 9, 2018.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2018–10267 Filed 5–14–18; 8:45 am]
BILLING CODE 6210–01–P
E:\FR\FM\15MYN1.SGM
15MYN1
]]>Agencies
[Federal Register Volume 83, Number 94 (Tuesday, May 15, 2018)]
[Notices]
[Page 22487]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-10267]
-----------------------------------------------------------------------
FEDERAL RESERVE SYSTEM
Agency Information Collection Activities: Announcement of Board
Approval Under Delegated Authority and Submission to OMB
AGENCY: Board of Governors of the Federal Reserve System.
SUMMARY: The Board of Governors of the Federal Reserve System (Board)
is adopting a proposal to extend for three years, without revision, the
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).
FOR FURTHER INFORMATION CONTACT: 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.
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.
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. 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.
Final approval under OMB delegated authority of 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)).
Current actions: On February 21, 2018, the Board published a notice
in the Federal Register (83 FR 7475) requesting public comment for 60
days on the extension, without revision, of the Quarterly Report of
Interest Rates on Selected Direct Consumer Installment Loans and the
Quarterly Report of Credit Card Plans. The comment period for this
notice expired on April 23, 2018. The Board did not receive any
comments. The information collection will be extended as proposed.
Board of Governors of the Federal Reserve System, May 9, 2018.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2018-10267 Filed 5-14-18; 8:45 am]
BILLING CODE 6210-01-P
