Proposed Agency Information Collection Activities; Comment Request, 12934-12936 [2023-04136]
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12934
Federal Register / Vol. 88, No. 40 / Wednesday, March 1, 2023 / Notices
and the regulatory capital framework.
Specifically, the reporting and
recordkeeping requirements allow the
Board to verify that firms are
appropriately implementing the capital
framework; they also provide the Board
with information necessary for
monitoring firms participating in the
advanced approaches framework. The
disclosure requirements are intended to
support market discipline by providing
information regarding banking
organizations’ activities, overall risk
profiles, and risk management policies.
Together, these requirements help to
ensure the safety and soundness of the
financial system by facilitating the
identification of problems at firms and
ensuring that firms have implemented
any corrective actions imposed by the
Board, as well as by allowing
stakeholders to make meaningful
assessments of firms’ financial position.
Frequency: Annual, quarterly.
Respondents: SMBs, certain BHCs,
IHCs, and certain covered SLHCs.
Total estimated number of
respondents:
Minimum Capital Ratios
Recordkeeping (Ongoing)—1,055.
BILLING CODE 6210–01–P
Reporting (Ongoing)—1.
Recordkeeping (Initial Setup)—1.
Recordkeeping (Ongoing)—1,055.
Disclosure (Initial Setup)—1.
Disclosure (Ongoing)—38.
FEDERAL RESERVE SYSTEM
Proposed Agency Information
Collection Activities; Comment
Request
Advanced Approach
Reporting (Initial Setup)—1.
Reporting (Ongoing)—21.
Recordkeeping (Initial Setup)—1.
Recordkeeping (Ongoing)—21.
Recordkeeping (Ongoing quarterly)—
21.
Disclosure (Initial setup)—1.
Disclosure (Ongoing)—21.
Disclosure (Ongoing quarterly)—21.
Disclosure (Ongoing quarterly Table
13)—27.
Estimated average hours per response:
Minimum Capital Ratios
Recordkeeping (Ongoing)—16.
ddrumheller on DSK120RN23PROD with NOTICES
Standardized Approach
Reporting (Ongoing)—1.
Recordkeeping (Initial Setup)—122.
Recordkeeping (Ongoing)—20.
Disclosure (Initial Setup)—226.25.
Disclosure (Ongoing)—131.25.
Advanced Approach
Reporting (Initial Setup)—161.
Reporting (Ongoing)—111.77.
Recordkeeping (Initial Setup)—299.
Recordkeeping (Ongoing)—429.
Recordkeeping (Ongoing quarterly)—
20.
18:10 Feb 28, 2023
Board of Governors of the Federal Reserve
System, February 23, 2023.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2023–04138 Filed 2–28–23; 8:45 am]
Standardized Approach
VerDate Sep<11>2014
Disclosure (Initial setup)—328.
Disclosure (Ongoing)—5.78.
Disclosure (Ongoing quarterly)—41.5.
Disclosure (Ongoing quarterly Table
13)—5.
Total estimated change in burden: 34
hours.
Total estimated annual burden hours:
76,250.2
Current actions: On November 4,
2022, the Board published a notice in
the Federal Register (87 FR 66701)
requesting public comment for 60 days
on the extension, with revision, of the
FR Q. The Board proposed to revise the
FR Q information collection to account
for a reporting provision in section
217.37(c)(4)(i)(E) of Regulation Q and a
disclosure provision in section
217.124(a) of Regulation Q, which have
not been previously cleared by the
Board under the PRA. The comment
period for this notice expired on January
3, 2023. The Board did not receive any
comments. The revisions will be
implemented as proposed.
Jkt 259001
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, with revision, the Survey of
Small Business and Farm Lending (FR
2028; OMB No. 7100–0061).
DATES: Comments must be submitted on
or before May 1, 2023.
ADDRESSES: You may submit comments,
identified by FR 2028, 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.
• Email: regs.comments@
federalreserve.gov. Include the OMB
SUMMARY:
2 More detailed information regarding this
collection, including more detailed burden
estimates, can be found in the OMB Supporting
Statement posted at https://www.federalreserve.gov/
apps/reportingforms/home/review. On the page
displayed at the link, you can find the OMB
Supporting Statement by referencing the collection
identifier, FR Q.
PO 00000
Frm 00026
Fmt 4703
Sfmt 4703
number or FR number in the subject line
of the message.
• Fax: (202) 452–3819 or (202) 452–
3102.
• Mail: Federal Reserve Board of
Governors, Attn: Ann E. Misback,
Secretary of the Board, Mailstop M–
4775, 2001 C St 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 or to
remove personally identifiable
information at the commenter’s request.
Accordingly, comments will not be
edited to remove any confidential
business information, identifying
information, or contact information.
Public comments may also be viewed
electronically or in paper in Room M–
4365A, 2001 C St NW, Washington, DC
20551, between 9 a.m. and 5 p.m. on
weekdays, except for Federal holidays.
For security reasons, the Board requires
that visitors make an appointment to
inspect comments. You may do so by
calling (202) 452–3684. Upon arrival,
visitors will be required to present valid
government-issued photo identification
and to submit to security screening in
order to inspect and photocopy
comments.
Additionally, commenters may send a
copy of their comments to the Office of
Management and Budget (OMB) Desk
Officer for the Federal Reserve Board,
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:
Federal Reserve Board Clearance
Officer—Nuha Elmaghrabi—Office of
the Chief Data Officer, Board of
Governors of the Federal Reserve
System, nuha.elmaghrabi@frb.gov, (202)
452–3884.
SUPPLEMENTARY INFORMATION: On June
15, 1984, OMB delegated to the Board
authority under the Paperwork
Reduction Act (PRA) to approve and
assign OMB control numbers to
collections of information 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.
During the comment period for this
proposal, a copy of the proposed PRA
OMB submission, including the draft
E:\FR\FM\01MRN1.SGM
01MRN1
Federal Register / Vol. 88, No. 40 / Wednesday, March 1, 2023 / Notices
reporting form and instructions,
supporting statement (which contains
more detail about the information
collection and burden estimates than
this notice), and other documentation,
will be made available on the Board’s
public website at https://
www.federalreserve.gov/apps/
reportingforms/home/review or may be
requested from the agency clearance
officer, whose name appears above.
Final versions of these documents will
be made available at https://
www.reginfo.gov/public/do/PRAMain, if
approved.
ddrumheller on DSK120RN23PROD with NOTICES
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 Board’s functions,
including whether the information has
practical utility;
b. The accuracy of the Board’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 Board should
modify the proposal.
Proposal Under OMB Delegated
Authority To Extend for Three Years,
With Revision, the Following
Information Collection
Collection title: Survey of Small
Business and Farm Lending.
Collection identifier: FR 2028.
OMB control number: 7100–0061.
General description of collection: The
Survey of Small Business and Farm
Lending (SSBFL) comprises the
following three reports:
• Survey of Terms of Bank Lending to
Farmers (FR 2028B),
• Prime Rate Supplement of Survey
of Terms of Lending (FR 2028S), and
• Small Business Lending Survey (FR
2028D).
VerDate Sep<11>2014
18:10 Feb 28, 2023
Jkt 259001
The SSBFL collects unique
information concerning price and
certain nonprice terms of loans made to
businesses and farmers each quarter
(February, May, August, and November)
from a sample of banks. The FR 2028B
collects detailed data on individual
loans funded during the first full
business week of the mid-month of each
quarter, and the FR 2028S collects the
prime interest rate for each day of the
survey week from FR 2028B
respondents. The FR 2028D provides
focused and enhanced information on
small business lending including rates,
terms, credit availability, and reasons
for their changes. The FR 2028D collects
quarterly average quantitative data on
terms of small business loans and
qualitative information on changes and
the reasons for changes in the terms of
lending. From these sample SSBFL data,
estimates of the terms of business loans
and farm loans extended are
constructed. The aggregate estimates for
business loans are published in the
Federal Reserve Bank of Kansas City’s
quarterly release, Small Business
Lending Survey, and aggregate estimates
for farm loans are published in the
statistical release, Agricultural Finance
Databook.
Proposed revisions: The Federal
Reserve proposes to revise the FR 2028D
form and instructions, to be effective for
the September 30, 2023, as of date with
the transmission period beginning on
October 1, 2023, based on loan activity
over the third quarter 2023. The
proposed revisions would add clarity in
reporting instructions and requirements,
improve data quality, and make slight
reductions in reporting burden. These
changes include removing items related
to credit card lending and net
drawdowns on lines of credit. A
question requesting information on how
respondents define small businesses for
the purposes of small business lending
would be added. Additionally, three
questions were modified to add openended text fields offering respondents
the opportunity to provide additional
information on reasons for changes in
lending. Minor wording changes are
proposed to the form and instructions to
add clarity to the survey or address
changes to the form. Additionally,
minor changes are proposed to the
Frequently Asked Questions section to
increase clarity of form definitions.
FR 2028D Deletions
Questions determined to provide
lower value, in comparison to the
burden imposed on respondents
required to track and respond, would be
removed from the survey. Specifically, a
survey question requesting net amounts
PO 00000
Frm 00027
Fmt 4703
Sfmt 4703
12935
of drawdowns on commercial and
industrial (C&I) commitments broken
out by fixed rate and variable rate would
be removed. Additionally, questions
related to new and outstanding credit
card loans would be removed,
eliminating 6 questions each for fixed
rate and variable rate small business C&I
loans along with one qualitative
question.
FR 2028D Additions
An open-ended question would be
added to increase clarity in how
respondents are defining small business
lending for quantitative and qualitative
loan data. The question would clarify
whether a respondent is utilizing the
survey definition of a small business,
non-farm businesses domiciled in the
U.S. with no more than $5 million in
total annual revenue, or another internal
definition. Current reporters would be
asked to respond annually to the new
question or when a change occurs in
their internal small business definition.
First time reporters would respond in
the quarter that they are added to the
respondent panel. Additionally, three
questions would be modified to add
voluntary open-ended text fields,
offering respondents the opportunity to
provide additional information on
reasons for changes in credit standards/
terms and credit quality of applicants.
Frequency: Quarterly.
Respondents: The FR 2028B and FR
2028S panels have an authorized size of
250 domestically chartered commercial
banks. The panel of banks has been
drawn from a random sample of banks
stratified according to farm loan
volumes since 1989. The authorized
panel for the FR 2028D panel is 398
domestically chartered commercial
banks. The size is based on obtaining
survey results with a 95% confidence
level and 5% standard error, allowing
for a 10% nonresponse rate. The panel
of banks is a random sample of banks
stratified according to the dollar
volumes of commercial and industrial
loans with original amounts of
$1,000,000 or less.
Total estimated number of
respondents:
FR 2028B—250.
FR 2028S—250.
FR 2028D—398.
Estimated average hours per response:
FR 2028B—1.4.
FR 2028S—0.1.
FR 2028D—2.8.
Total estimated change in burden:
(318).
E:\FR\FM\01MRN1.SGM
01MRN1
12936
Federal Register / Vol. 88, No. 40 / Wednesday, March 1, 2023 / Notices
Total estimated annual burden hours:
5,958.1
Board of Governors of the Federal Reserve
System, February 23, 2023.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
Final Approval Under OMB Delegated
Authority of the Extension for Three
Years, With Revision, of the Following
Information Collection
[FR Doc. 2023–04136 Filed 2–28–23; 8:45 am]
BILLING CODE 6210–01–P
FEDERAL RESERVE SYSTEM
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, with revision, the Information
Collections and Forms Related to
Regulation MM (FR MM; OMB No.
7100–0340).
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, nuha.elmaghrabi@frb.gov, (202)
452–3884.
Office of Management and Budget
(OMB) Desk Officer for the Federal
Reserve Board, 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, OMB delegated to the Board
authority under the Paperwork
Reduction Act (PRA) to approve and
assign OMB control numbers to
collections of information conducted or
sponsored by the Board. Boardapproved collections of information are
incorporated into the official OMB
inventory of currently approved
collections of information. The OMB
inventory, as well as copies of the PRA
Submission, supporting statements
(which contain more detailed
information about the information
collections and burden estimates than
this notice), and approved collection of
information instrument(s) are available
at https://www.reginfo.gov/public/do/
PRAMain. These documents are also
Collection title: Information
Collections and Forms Related to
Regulation MM.
Collection identifier: FR MM.
OMB control number: 7100–0340.
Effective Date: The revisions are
applicable as of March 1, 2023.
General description of collection: The
FR MM consists of information that
must be filed in connection with certain
proposals involving savings and loan
holding companies (SLHCs) that are
organized in mutual holding company
(MHC) form, including the
reorganization of a savings association
into MHC form, stock issuances of
holding company subsidiaries of MHCs,
and conversions of MHCs to stock form,
as well as certain disclosures related to
these filings. The Board requires the
submission of these filings to allow the
Board to fulfill its obligations to review
such transactions under section 10(o) of
the Home Owners’ Loan Act (HOLA), as
amended (12 U.S.C. 1467a(o)) and the
Board’s Regulation MM–Mutual
Holding Companies (12 CFR part 239).
The Board uses the information
submitted by an applicant or notificant
to evaluate these transactions with
respect to the relevant statutory and
regulatory factors.
Frequency: On occasion.
Respondents: Mutual savings
associations that wish to reorganize to
form a mutual holding company under
the HOLA, subsidiary holding
companies of a mutual holding
company, mutual holding companies,
and members of applying mutual
organizations.
Total estimated number of
respondents: 19.
Total estimated change in burden:
(139).
Total estimated annual burden hours:
553.1
Current actions: On November 4,
2022, the Board published a notice in
the Federal Register (87 FR 66700)
1 More detailed information regarding this
collection, including more detailed burden
estimates, can be found in the OMB Supporting
Statement posted at https://www.federalreserve.gov/
apps/reportingforms/home/review. On the page
displayed at the link, you can find the OMB
Supporting Statement by referencing the collection
identifier, FR 2028.
1 More detailed information regarding this
collection, including more detailed burden
estimates, can be found in the OMB Supporting
Statement posted at https://www.federalreserve.gov/
apps/reportingforms/home/review. On the page
displayed at the link, you can find the OMB
Supporting Statement by referencing the collection
identifier, FR MM.
Agency Information Collection
Activities: Announcement of Board
Approval Under Delegated Authority
and Submission to OMB
AGENCY:
ddrumheller on DSK120RN23PROD with NOTICES
available on the Federal Reserve Board’s
public website at https://
www.federalreserve.gov/apps/
reportingforms/home/review or may be
requested from the agency clearance
officer, whose name appears above.
VerDate Sep<11>2014
18:10 Feb 28, 2023
Jkt 259001
PO 00000
Frm 00028
Fmt 4703
Sfmt 4703
requesting public comment for 60 days
on the extension, with revision, of the
FR MM. The comment period for this
notice expired on January 3, 2023. The
Board did not receive any comments.
The revisions will be implemented as
proposed.
Board of Governors of the Federal Reserve
System, February 23, 2023.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2023–04139 Filed 2–28–23; 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
Reporting and Recordkeeping
Requirements Associated with
Regulation KK (FR KK; OMB No. 7100–
0364).
DATES: Comments must be submitted on
or before May 1, 2023.
ADDRESSES: You may submit comments,
identified by FR KK, 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.
• Email: regs.comments@
federalreserve.gov. Include the OMB
number or FR number in the subject line
of the message.
• Fax: (202) 452–3819 or (202) 452–
3102.
• Mail: Federal Reserve Board of
Governors, Attn: Ann E. Misback,
Secretary of the Board, Mailstop M–
4775, 2001 C St 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 or to
remove personally identifiable
information at the commenter’s request.
Accordingly, comments will not be
edited to remove any confidential
business information, identifying
information, or contact information.
Public comments may also be viewed
electronically or in paper in Room M–
4365A, 2001 C St NW, Washington, DC
20551, between 9 a.m. and 5 p.m. on
SUMMARY:
E:\FR\FM\01MRN1.SGM
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]]>Agencies
[Federal Register Volume 88, Number 40 (Wednesday, March 1, 2023)]
[Notices]
[Pages 12934-12936]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-04136]
-----------------------------------------------------------------------
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, with revision,
the Survey of Small Business and Farm Lending (FR 2028; OMB No. 7100-
0061).
DATES: Comments must be submitted on or before May 1, 2023.
ADDRESSES: You may submit comments, identified by FR 2028, 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.
Email: [email protected]. Include the OMB
number or FR number in the subject line of the message.
Fax: (202) 452-3819 or (202) 452-3102.
Mail: Federal Reserve Board of Governors, Attn: Ann E.
Misback, Secretary of the Board, Mailstop M-4775, 2001 C St 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 or to remove
personally identifiable information at the commenter's request.
Accordingly, comments will not be edited to remove any confidential
business information, identifying information, or contact information.
Public comments may also be viewed electronically or in paper in Room
M-4365A, 2001 C St NW, Washington, DC 20551, between 9 a.m. and 5 p.m.
on weekdays, except for Federal holidays. For security reasons, the
Board requires that visitors make an appointment to inspect comments.
You may do so by calling (202) 452-3684. Upon arrival, visitors will be
required to present valid government-issued photo identification and to
submit to security screening in order to inspect and photocopy
comments.
Additionally, commenters may send a copy of their comments to the
Office of Management and Budget (OMB) Desk Officer for the Federal
Reserve Board, 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: Federal Reserve Board Clearance
Officer--Nuha Elmaghrabi--Office of the Chief Data Officer, Board of
Governors of the Federal Reserve System, [email protected], (202)
452-3884.
SUPPLEMENTARY INFORMATION: On June 15, 1984, OMB delegated to the Board
authority under the Paperwork Reduction Act (PRA) to approve and assign
OMB control numbers to collections of information 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.
During the comment period for this proposal, a copy of the proposed
PRA OMB submission, including the draft
[[Page 12935]]
reporting form and instructions, supporting statement (which contains
more detail about the information collection and burden estimates than
this notice), and other documentation, will be made available on the
Board's public website at https://www.federalreserve.gov/apps/reportingforms/home/review or may be requested from the agency
clearance officer, whose name appears above. Final versions of these
documents will be made available at https://www.reginfo.gov/public/do/PRAMain, if approved.
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 Board's functions, including whether the
information has practical utility;
b. The accuracy of the Board'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 Board
should modify the proposal.
Proposal Under OMB Delegated Authority To Extend for Three Years, With
Revision, the Following Information Collection
Collection title: Survey of Small Business and Farm Lending.
Collection identifier: FR 2028.
OMB control number: 7100-0061.
General description of collection: The Survey of Small Business and
Farm Lending (SSBFL) comprises the following three reports:
Survey of Terms of Bank Lending to Farmers (FR 2028B),
Prime Rate Supplement of Survey of Terms of Lending (FR
2028S), and
Small Business Lending Survey (FR 2028D).
The SSBFL collects unique information concerning price and certain
nonprice terms of loans made to businesses and farmers each quarter
(February, May, August, and November) from a sample of banks. The FR
2028B collects detailed data on individual loans funded during the
first full business week of the mid-month of each quarter, and the FR
2028S collects the prime interest rate for each day of the survey week
from FR 2028B respondents. The FR 2028D provides focused and enhanced
information on small business lending including rates, terms, credit
availability, and reasons for their changes. The FR 2028D collects
quarterly average quantitative data on terms of small business loans
and qualitative information on changes and the reasons for changes in
the terms of lending. From these sample SSBFL data, estimates of the
terms of business loans and farm loans extended are constructed. The
aggregate estimates for business loans are published in the Federal
Reserve Bank of Kansas City's quarterly release, Small Business Lending
Survey, and aggregate estimates for farm loans are published in the
statistical release, Agricultural Finance Databook.
Proposed revisions: The Federal Reserve proposes to revise the FR
2028D form and instructions, to be effective for the September 30,
2023, as of date with the transmission period beginning on October 1,
2023, based on loan activity over the third quarter 2023. The proposed
revisions would add clarity in reporting instructions and requirements,
improve data quality, and make slight reductions in reporting burden.
These changes include removing items related to credit card lending and
net drawdowns on lines of credit. A question requesting information on
how respondents define small businesses for the purposes of small
business lending would be added. Additionally, three questions were
modified to add open-ended text fields offering respondents the
opportunity to provide additional information on reasons for changes in
lending. Minor wording changes are proposed to the form and
instructions to add clarity to the survey or address changes to the
form. Additionally, minor changes are proposed to the Frequently Asked
Questions section to increase clarity of form definitions.
FR 2028D Deletions
Questions determined to provide lower value, in comparison to the
burden imposed on respondents required to track and respond, would be
removed from the survey. Specifically, a survey question requesting net
amounts of drawdowns on commercial and industrial (C&I) commitments
broken out by fixed rate and variable rate would be removed.
Additionally, questions related to new and outstanding credit card
loans would be removed, eliminating 6 questions each for fixed rate and
variable rate small business C&I loans along with one qualitative
question.
FR 2028D Additions
An open-ended question would be added to increase clarity in how
respondents are defining small business lending for quantitative and
qualitative loan data. The question would clarify whether a respondent
is utilizing the survey definition of a small business, non-farm
businesses domiciled in the U.S. with no more than $5 million in total
annual revenue, or another internal definition. Current reporters would
be asked to respond annually to the new question or when a change
occurs in their internal small business definition. First time
reporters would respond in the quarter that they are added to the
respondent panel. Additionally, three questions would be modified to
add voluntary open-ended text fields, offering respondents the
opportunity to provide additional information on reasons for changes in
credit standards/terms and credit quality of applicants.
Frequency: Quarterly.
Respondents: The FR 2028B and FR 2028S panels have an authorized
size of 250 domestically chartered commercial banks. The panel of banks
has been drawn from a random sample of banks stratified according to
farm loan volumes since 1989. The authorized panel for the FR 2028D
panel is 398 domestically chartered commercial banks. The size is based
on obtaining survey results with a 95% confidence level and 5% standard
error, allowing for a 10% nonresponse rate. The panel of banks is a
random sample of banks stratified according to the dollar volumes of
commercial and industrial loans with original amounts of $1,000,000 or
less.
Total estimated number of respondents:
FR 2028B--250.
FR 2028S--250.
FR 2028D--398.
Estimated average hours per response:
FR 2028B--1.4.
FR 2028S--0.1.
FR 2028D--2.8.
Total estimated change in burden: (318).
[[Page 12936]]
Total estimated annual burden hours: 5,958.\1\
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\1\ More detailed information regarding this collection,
including more detailed burden estimates, can be found in the OMB
Supporting Statement posted at https://www.federalreserve.gov/apps/reportingforms/home/review. On the page displayed at the link, you
can find the OMB Supporting Statement by referencing the collection
identifier, FR 2028.
Board of Governors of the Federal Reserve System, February 23,
2023.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2023-04136 Filed 2-28-23; 8:45 am]
BILLING CODE 6210-01-P
