80 FR 27171 - Proposed Agency Information Collection Activities; Comment Request
FEDERAL RESERVE SYSTEM Federal Register Volume 80, Issue 91 (May 12, 2015)
Federal Register Volume 80, Issue 91 (May 12, 2015)
| Page Range | 27171-27173 | |
| FR Document | 2015-11443 |
[Federal Register Volume 80, Number 91 (Tuesday, May 12, 2015)] [Notices] [Pages 27171-27173] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-11443] ----------------------------------------------------------------------- FEDERAL RESERVE SYSTEM Proposed Agency Information Collection Activities; Comment Request AGENCY: Board of Governors of the Federal Reserve System SUMMARY: On June 15, 1984, the Office of Management and Budget (OMB) delegated to the Board of Governors of the Federal Reserve System (Board) its approval authority under the Paperwork Reduction Act (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 PRA Submission, supporting statements and approved collection of information instruments are placed into OMB's public docket files. The Federal Reserve may not conduct or sponsor, and the respondent is not required to respond to, an information collection that has been extended, revised, or implemented on or after October 1, 1995, unless it displays a currently valid OMB control number. DATES: Comments must be submitted on or before July 13, 2015. ADDRESSES: You may submit comments, identified by FR 2900, FR 2910a, FR 2915, or FR 2930, by any of the following methods:Agency Web site: http://www.federalreserve.gov. Follow the instructions for submitting comments at http://www.federalreserve.gov/apps/foia/proposedregs.aspx. Federal eRulemaking Portal: http://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: Robert deV. Frierson, Secretary, Board of Governors of the Federal Reserve System, 20th Street and Constitution Avenue NW., Washington, DC 20551. All public comments are available from the Board's Web site at http://www.federalreserve.gov/apps/foia/proposedregs.aspx as submitted, unless modified for technical reasons. Accordingly, your comments will not be edited to remove any identifying or contact information. Public comments may also be viewed electronically or in paper 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 Web site at: http://www.federalreserve.gov/apps/reportforms/review.aspx or may be requested from the agency clearance officer, whose name appears below. Federal Reserve Board Acting Clearance Officer, Mark Tokarski, 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: Request for Comment on Information Collection Proposals The following information collections, which are being handled under this delegated authority, have received initial Board approval and are hereby published for comment. At the end of the comment period, the proposed information collections, along with an analysis of comments and recommendations received, will be submitted to the Board for final approval under OMB delegated authority. Comments are invited on the following: a. Whether the proposed collections 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 collections, 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 [[Page 27172]] e. Estimates of capital or start up costs and costs of operation, maintenance, and purchase of services to provide information. Proposal to approve under OMB delegated authority the extension for three years, with revision, of the following report: 1. Report title: Report of Transaction Accounts, Other Deposits, and Vault Cash. Agency form number: FR 2900. OMB number: 7100-0087. Frequency: Weekly and quarterly. Reporters: Depository institutions. Estimated annual reporting hours: 192,473. Estimated average hours per response: 1.25 hours for weekly filers and 3 hours for quarterly filers. Number of respondents: 2,053 weekly and 4,919 quarterly. General description of report: This information collection is mandatory by the Federal Reserve Act (12 U.S.C. 248(a), 461, 603, and 615) and Regulation D (12 CFR 204). The data are given confidential treatment (5 U.S.C. 552(b)(4)). Abstract: Institutions with net transaction accounts greater than the exemption amount are called nonexempt institutions. Institutions with total transaction accounts, savings deposits, and small time deposits greater than or equal to the reduced reporting limit, regardless of the level of their net transaction accounts, are also referred to as nonexempt institutions. Nonexempt institutions submit FR 2900 data either weekly or quarterly. An institution is required to report weekly if its total transaction accounts, savings deposits, and small time deposits are greater than or equal to the nonexempt deposit cutoff. If the nonexempt institution's total transaction accounts, savings deposits, and small time deposits are less than the nonexempt deposit cutoff then the institution must report quarterly or may elect to report weekly. U.S. branches and agencies of foreign banks and banking Edge and agreement corporations submit the FR 2900 data weekly, regardless of their size. These mandatory data are used by the Federal Reserve for administering Regulation D (Reserve Requirements of Depository Institutions) and for constructing, analyzing, and monitoring the monetary and reserve aggregates. Current Actions: The Federal Reserve Board proposes adding a new annual checkbox to the FR 2900 asking whether reporting institutions offer deposits denominated in a foreign currency at their U.S. offices. The proposed checkbox would be collected annually in June, along with all other FR 2900 annual items. Depository institutions which offer foreign currency deposits at a U.S. office are required to submit the FR 2915 quarterly; however, no existing data series systematically collects information that can be used to ascertain whether depository institutions issue these types of deposits. Currently, Federal Reserve Banks rely on analysts personally inquiring with depository institutions about whether they issue foreign currency deposits to determine which depository institutions must file the FR 2915. This proposal would reduce the burden this questioning places on both depository institutions and the Federal Reserve Banks by adding a checkbox question to the FR 2900 report to systematically determine which depository institutions must file the FR 2915. Such a checkbox would ensure the FR 2915 panel is complete, provide the capability to verify reporting, and aid in the construction of the monetary aggregates. It is worth noting that this proposed checkbox does not change the responsibility of reporting institutions to know which reports they must file and to file the FR 2915 if they begin offering foreign currency deposits during the year. The Federal Reserve Board proposes that the nonexempt deposit cutoff be raised to $400 million instead of its indexed amount of $325.4 million. This proposed increase in the nonexempt deposit cutoff would reduce reporting burden on depository institutions while keeping any adverse consequences to the accurate measurement of money and reserves to what the Board believes are an acceptable level. Under the proposal to raise the nonexempt deposit cutoff to $400 million, the Board estimates that 350 nonexempt institutions would become newly eligible to elect to shift from weekly to quarterly FR 2900 reporting. Consistent with current policy, newly eligible institutions for quarterly reporting may opt to continue reporting weekly. Proposal to approve under OMB delegated authority the extension for three years, without revision, of the following reports: 2. Report title: Annual Report of Deposits and Reservable Liabilities. Agency form number: FR 2910a. OMB number: 7100-0175. Frequency: Annually. Reporters: Depository institutions. Estimated annual reporting hours: 2,551. Estimated average hours per response: 0.75 hours. Number of respondents: 3,401. General description of report: This information collection is mandatory by the Federal Reserve Act (12 U.S.C. 248(a), 461, 603, and 615) and Regulation D (12 CFR 204). The data are given confidential treatment (5 U.S.C. 552(b)(4)). Abstract: The FR 2910a is an annual report generally filed by depository institutions that are exempt from reserve requirements under the Garn-St Germain Depository Institutions Act of 1982 and whose total deposits, measured from depository institutions' December quarterly condition reports, are greater than the exemption amount but less than the reduced reporting limit. The report contains three data items that are to be submitted for a single day, June 30: (1) Total transaction accounts, savings deposits, and small time deposits; (2) reservable liabilities; and (3) net transaction accounts. The data collected on this report serves two purposes. First, the data are used to determine which depository institutions will remain exempt from reserve requirements and consequently eligible for reduced reporting for another year. Second, the data are used in the annual indexation of the low reserve tranche, the exemption amount, the nonexempt deposit cutoff, and the reduced reporting limit. 3. Report title: Report of Foreign (Non-U.S.) Currency Deposits. Agency form number: FR 2915. OMB number: 7100-0237. Frequency: Quarterly. Reporters: Depository institutions. Estimated annual reporting hours: 288. Estimated average hours per response: 0.5 hours. Number of respondents: 144. General description of report: This information collection is mandatory by the Federal Reserve Act (12 U.S.C. 248(a), 461, 603, and 615) and Regulation D (12 CFR 204). The data are given confidential treatment (5 U.S.C. 552(b)(4)). Abstract: 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 currency- denominated deposits from the FR 2900 data in order to exclude them from measures of the monetary aggregates. The FR 2915 is the only source of data on such deposits. [[Page 27173]] 4. Report title: Allocation of Low Reserve Tranche and Reservable Liabilities Exemption. Agency form number: FR 2930. OMB number: 7100-0088. Frequency: Annually and on occasion. Reporters: Depository institutions. Estimated annual reporting hours: 30. Estimated average hours per response: 0.25 hours. Number of respondents: 120. General description of report: This information collection is mandatory by the Federal Reserve Act (12 U.S.C. 248(a), 461, 603, and 615) and Regulation D (12 CFR 204). The data are given confidential treatment (5 U.S.C. 552(b)(4)). Abstract: Institutions with offices (or groups of offices) in more than one state or Federal Reserve District, or those operating under operational convenience, are required to file the FR 2930 at least annually. An institution's net transaction accounts up to the exemption amount ($14.5 million in 2015) are reserved at zero percent. Net transaction accounts up to the low reserve tranche ($103.6 million in 2015) are reserved at 3 percent while amounts in excess of this amount are reserved at 10 percent. Only a single exemption amount and a single low reserve tranche are allowed per depository institution (including subsidiaries). Therefore, an institution that submits separate FR 2900 reports covering different offices is required to file the FR 2930 at least annually to allocate its reservable liabilities exemption and low reserve tranche among its offices. The Federal Reserve Board does not propose any changes to this report. Board of Governors of the Federal Reserve System, May 7, 2015. Michael Lewandowski, Associate Secretary of the Board. [FR Doc. 2015-11443 Filed 5-11-15; 8:45 am] BILLING CODE 6210-01-P
![Federal Register / Vol. 80, No. 91 / Tuesday, May 12, 2015 / Notices 27171
Board of Governors of the Federal Reserve FEDERAL RESERVE SYSTEM Washington, DC 20006 between 9:00
System, May 7, 2015. a.m. and 5:00 p.m. on weekdays.
Michael J. Lewandowski, Proposed Agency Information Additionally, commenters may send a
Associate Secretary of the Board. Collection Activities; Comment copy of their comments to the OMB
[FR Doc. 2015–11400 Filed 5–11–15; 8:45 am] Request Desk Officer, Shagufta Ahmed, Office of
BILLING CODE 6210–01–P Information and Regulatory Affairs,
AGENCY: Board of Governors of the
Office of Management and Budget, New
Federal Reserve System
SUMMARY: On June 15, 1984, the Office
Executive Office Building, Room 10235,
FEDERAL RESERVE SYSTEM of Management and Budget (OMB) 725 17th Street NW., Washington, DC
delegated to the Board of Governors of 20503 or by fax to (202) 395–6974.
Formations of, Acquisitions by, and
the Federal Reserve System (Board) its FOR FURTHER INFORMATION CONTACT: A
Mergers of Bank Holding Companies
approval authority under the Paperwork copy of the PRA OMB submission,
The companies listed in this notice Reduction Act (PRA), to approve of and including the proposed reporting form
have applied to the Board for approval, assign OMB control numbers to and instructions, supporting statement,
pursuant to the Bank Holding Company collection of information requests and and other documentation will be placed
Act of 1956 (12 U.S.C. 1841 et seq.) requirements conducted or sponsored into OMB’s public docket files, once
(BHC Act), Regulation Y (12 CFR part by the Board. Board-approved approved. These documents will also be
225), and all other applicable statutes collections of information are made available on the Federal Reserve
and regulations to become a bank incorporated into the official OMB Board’s public Web site at: http://
holding company and/or to acquire the inventory of currently approved www.federalreserve.gov/apps/
assets or the ownership of, control of, or collections of information. Copies of the reportforms/review.aspx or may be
the power to vote shares of a bank or PRA Submission, supporting statements requested from the agency clearance
bank holding company and all of the and approved collection of information officer, whose name appears below.
banks and nonbanking companies instruments are placed into OMB’s Federal Reserve Board Acting
owned by the bank holding company, public docket files. The Federal Reserve Clearance Officer, Mark Tokarski, Office
including the companies listed below. may not conduct or sponsor, and the of the Chief Data Officer, Board of
The applications listed below, as well respondent is not required to respond Governors of the Federal Reserve
as other related filings required by the to, an information collection that has System, Washington, DC 20551 (202)
Board, are available for immediate been extended, revised, or implemented 452–3829. Telecommunications Device
inspection at the Federal Reserve Bank on or after October 1, 1995, unless it for the Deaf (TDD) users may contact
indicated. The applications will also be displays a currently valid OMB control (202) 263–4869, Board of Governors of
available for inspection at the offices of number. the Federal Reserve System,
the Board of Governors. Interested Washington, DC 20551.
DATES: Comments must be submitted on
persons may express their views in SUPPLEMENTARY INFORMATION:
or before July 13, 2015.
writing on the standards enumerated in
the BHC Act (12 U.S.C. 1842(c)). If the ADDRESSES: You may submit comments, Request for Comment on Information
proposal also involves the acquisition of identified by FR 2900, FR 2910a, FR Collection Proposals
a nonbanking company, the review also 2915, or FR 2930, by any of the
following methods: The following information
includes whether the acquisition of the collections, which are being handled
nonbanking company complies with the • Agency Web site: http://
www.federalreserve.gov. Follow the under this delegated authority, have
standards in section 4 of the BHC Act received initial Board approval and are
(12 U.S.C. 1843). Unless otherwise instructions for submitting comments at
http://www.federalreserve.gov/apps/ hereby published for comment. At the
noted, nonbanking activities will be end of the comment period, the
conducted throughout the United States. foia/proposedregs.aspx.
• Federal eRulemaking Portal: http:// proposed information collections, along
Unless otherwise noted, comments with an analysis of comments and
regarding each of these applications www.regulations.gov. Follow the
instructions for submitting comments. recommendations received, will be
must be received at the Reserve Bank
• Email: regs.comments@ submitted to the Board for final
indicated or the offices of the Board of approval under OMB delegated
federalreserve.gov. Include OMB
Governors not later than June 5, 2015. authority. Comments are invited on the
A. Federal Reserve Bank of New York number in the subject line of the
message. following:
(Ivan Hurwitz, Vice President) 33
Liberty Street, New York, New York • FAX: (202) 452–3819 or (202) 452– a. Whether the proposed collections
3102. of information is necessary for the
10045–0001:
1. Community Bank, Inc., DeWitt, • Mail: Robert deV. Frierson, proper performance of the Federal
Secretary, Board of Governors of the Reserve’s functions; including whether
New York; to acquire Oneida Financial
Federal Reserve System, 20th Street and the information has practical utility;
Corp, Oneida, New York, and indirectly
Constitution Avenue NW., Washington, b. The accuracy of the Federal
acquire State Bank of Chittenango,
DC 20551. Reserve’s estimate of the burden of the
Chittenango, New York; and Oneida
All public comments are available proposed information collections,
Savings Bank, Oneida, New York, and
from the Board’s Web site at http:// including the validity of the
thereby engage in the operation of a
www.federalreserve.gov/apps/foia/ methodology and assumptions used;
savings association, pursuant to section
mstockstill on DSK4VPTVN1PROD with NOTICES
proposedregs.aspx as submitted, unless c. Ways to enhance the quality,
225.28(b)(4).
modified for technical reasons. utility, and clarity of the information to
Board of Governors of the Federal Reserve Accordingly, your comments will not be be collected;
System, May 6, 2015. edited to remove any identifying or d. Ways to minimize the burden of
Michael J. Lewandowski, contact information. Public comments information collection on respondents,
Associate Secretary of the Board. may also be viewed electronically or in including through the use of automated
[FR Doc. 2015–11341 Filed 5–11–15; 8:45 am] paper form in Room 3515, 1801 K Street collection techniques or other forms of
BILLING CODE 6210–01–P (between 18th and 19th Streets NW.) information technology; and
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![Federal Register / Vol. 80, No. 91 / Tuesday, May 12, 2015 / Notices 27173
4. Report title: Allocation of Low owned by the bank holding company, A. Federal Reserve Bank of Atlanta
Reserve Tranche and Reservable including the companies listed below. (Chapelle Davis, Assistant Vice
Liabilities Exemption. The applications listed below, as well President) 1000 Peachtree Street NE.,
Agency form number: FR 2930. as other related filings required by the Atlanta, Georgia 30309:
OMB number: 7100–0088. Board, are available for immediate 1. 4580 Trust, with Shveta S. Raju and
Frequency: Annually and on occasion. inspection at the Federal Reserve Bank Asha J. Shah as co-trustees; 3490 Trust,
Reporters: Depository institutions. indicated. The applications will also be with Deep J. Shah and Asha J. Shah as
Estimated annual reporting hours: 30. available for inspection at the offices of co-trustees; 2764 Trust, with Deep J.
Estimated average hours per response: the Board of Governors. Interested Shah and Shveta S. Raju as co-trustees;
0.25 hours. persons may express their views in and Deep J. Shah, all of Duluth, Georgia;
writing on the standards enumerated in to become members of the Shah Family
Number of respondents: 120.
the BHC Act (12 U.S.C. 1842(c)). If the control group, and acquire voting shares
General description of report: This
proposal also involves the acquisition of of Touchmark Bancshares, Inc., and
information collection is mandatory by
a nonbanking company, the review also thereby indirectly acquire voting shares
the Federal Reserve Act (12 U.S.C.
includes whether the acquisition of the of Touchmark National Bank, both in
248(a), 461, 603, and 615) and
nonbanking company complies with the Alpharetta, Georgia.
Regulation D (12 CFR 204). The data are B. Federal Reserve Bank of Chicago
given confidential treatment (5 U.S.C. standards in section 4 of the BHC Act
(12 U.S.C. 1843). Unless otherwise (Colette A. Fried, Assistant Vice
552(b)(4)). President) 230 South LaSalle Street,
Abstract: Institutions with offices (or noted, nonbanking activities will be
conducted throughout the United States. Chicago, Illinois 60690–1414:
groups of offices) in more than one state 1. Robert A. Clemente, as Trustee of
or Federal Reserve District, or those Unless otherwise noted, comments
the OJT Irrevocable Trust dated 09/20/
operating under operational regarding each of these applications
2010, Birmingham, Michigan; to acquire
convenience, are required to file the FR must be received at the Reserve Bank
voting shares of Oxford Bank
2930 at least annually. An institution’s indicated or the offices of the Board of
Corporation, and thereby indirectly
net transaction accounts up to the Governors not later than June 8, 2015.
acquire voting shares of Oxford Bank,
exemption amount ($14.5 million in A. Federal Reserve Bank of Richmond both Oxford, Michigan.
2015) are reserved at zero percent. Net (Adam M. Drimer, Assistant Vice
President) 701 East Byrd Street, Board of Governors of the Federal Reserve
transaction accounts up to the low System, May 6, 2015.
reserve tranche ($103.6 million in 2015) Richmond, Virginia 23261–4528:
1. BNC Bancorp, High Point, North Michael J. Lewandowski,
are reserved at 3 percent while amounts
Carolina, to merge with Valley Financial Associate Secretary of the Board.
in excess of this amount are reserved at
10 percent. Only a single exemption Corporation, Roanoke, Virginia, and [FR Doc. 2015–11342 Filed 5–11–15; 8:45 am]
amount and a single low reserve tranche thereby indirectly acquire Valley Bank, BILLING CODE 6210–01–P
are allowed per depository institution Roanoke, Virginia.
(including subsidiaries). Therefore, an Board of Governors of the Federal Reserve
institution that submits separate FR System, May 7, 2015. FEDERAL RETIREMENT THRIFT
2900 reports covering different offices is Michael J. Lewandowski, INVESTMENT BOARD
required to file the FR 2930 at least Associate Secretary of the Board.
annually to allocate its reservable Sunshine Act; Notice of Joint Meeting
[FR Doc. 2015–11399 Filed 5–11–15; 8:45 am] of the Federal Retirement Thrift
liabilities exemption and low reserve
tranche among its offices. The Federal
BILLING CODE 6210–01–P Investment Board and the Employee
Reserve Board does not propose any Thrift Advisory Council
changes to this report. FEDERAL RESERVE SYSTEM TIME AND DATE: 8:30 a.m. (Eastern Time)
Board of Governors of the Federal Reserve May 18, 2015.
System, May 7, 2015. Change in Bank Control Notices; PLACE: 10th Floor Training Room, 77 K
Michael Lewandowski, Acquisitions of Shares of a Bank or Street NE., Washington, DC 20002.
Associate Secretary of the Board. Bank Holding Company STATUS: Open to the public.
[FR Doc. 2015–11443 Filed 5–11–15; 8:45 am] The notificants listed below have MATTERS TO BE CONSIDERED:
BILLING CODE 6210–01–P applied under the Change in Bank Open to the Public
Control Act (12 U.S.C. 1817(j)) and
§ 225.41 of the Board’s Regulation Y (12 1. Approval of the Minutes of the April
FEDERAL RESERVE SYSTEM CFR 225.41) to acquire shares of a bank 20, 2015 Federal Retirement Thrift
or bank holding company. The factors Investment Board (FRTIB) Board
Formations of, Acquisitions by, and Member Meeting
Mergers of Bank Holding Companies that are considered in acting on the
notices are set forth in paragraph 7 of 2. Approval of the Minutes of the
The companies listed in this notice the Act (12 U.S.C. 1817(j)(7)). November 12, 2014 Employee Thrift
have applied to the Board for approval, The notices are available for Advisory Council (ETAC) Meeting
3. Selection of ETAC Chairman and Vice
pursuant to the Bank Holding Company immediate inspection at the Federal
Chairman
Act of 1956 (12 U.S.C. 1841 et seq.) Reserve Bank indicated. The notices 4. Monthly Reports
mstockstill on DSK4VPTVN1PROD with NOTICES
(BHC Act), Regulation Y (12 CFR part also will be available for inspection at (a) Monthly Participant Activity
225), and all other applicable statutes the offices of the Board of Governors. Report
and regulations to become a bank Interested persons may express their (b) Monthly Investment Performance
holding company and/or to acquire the views in writing to the Reserve Bank Report
assets or the ownership of, control of, or indicated for that notice or to the offices (c) Legislative Report
the power to vote shares of a bank or of the Board of Governors. Comments 5. Quarterly Metrics Report
bank holding company and all of the must be received not later than May 26, 6. Office of Communications and
banks and nonbanking companies 2015. Education Report
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Document Created: 2015-12-16 07:55:48
Document Modified: 2015-12-16 07:55:48
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Notices | |
| Action | The Federal Reserve Board proposes adding a new annual checkbox to the FR 2900 asking whether reporting institutions offer deposits denominated in a foreign currency at their U.S. offices. The proposed checkbox would be collected annually in June, along with all other FR 2900 annual items. Depository institutions which offer foreign currency deposits at a U.S. office are required to submit the FR 2915 quarterly; however, no existing data series systematically collects information that can be used to ascertain whether depository institutions issue these types of deposits. Currently, Federal Reserve Banks rely on analysts personally inquiring with depository institutions about whether they issue foreign currency deposits to determine which depository institutions must file the FR 2915. This proposal would reduce the burden this questioning places on both depository institutions and the Federal Reserve Banks by adding a checkbox question to the FR 2900 report to systematically determine which depository institutions must file the FR 2915. Such a checkbox would ensure the FR 2915 panel is complete, provide the capability to verify reporting, and aid in the construction of the monetary aggregates. It is worth noting that this proposed checkbox does not change the responsibility of reporting institutions to know which reports they must file and to file the FR 2915 if they begin offering foreign currency deposits during the year. | |
| Dates | Comments must be submitted on or before July 13, 2015. | |
| 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 Web site at: http:// www.federalreserve.gov/apps/reportforms/review.aspx or may be requested from the agency clearance officer, whose name appears below. | |
| FR Citation | 80 FR 27171 |
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