80 FR 30680 - Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB

FEDERAL RESERVE SYSTEM

Federal Register Volume 80, Issue 103 (May 29, 2015)

Notice is hereby given of the final approval of proposed information collections by the Board of Governors of the Federal Reserve System (Board) under OMB delegated authority. 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.

[Federal Register Volume 80, Number 103 (Friday, May 29, 2015)]
[Notices]
[Pages 30680-30681]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-13005]


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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: Notice is hereby given of the final approval of proposed 
information collections by the Board of Governors of the Federal 
Reserve System (Board) under OMB delegated authority. Board-approved 
collections of information are incorporated into the official OMB 
inventory of currently approved collections of information. Copies of 
the Paperwork Reduction Act Submission, supporting statements and 
approved collection of information instrument(s) are placed into OMB's 
public docket files. The Federal Reserve may not conduct or sponsor, 
and the respondent is not required to respond to, an information 
collection that has been extended, revised, or implemented on or after 
October 1, 1995, unless it displays a currently valid OMB control 
number.

FOR FURTHER INFORMATION CONTACT: Federal Reserve Board 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.
    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.

SUPPLEMENTARY INFORMATION: 
    Final approval under OMB delegated authority of the extension for 
three years, with revision, of the following report(s):
    1. Report title: Quarterly Report of Assets and Liabilities of 
Large Foreign Offices of U.S. Banks.
    Agency form number: FR 2502q.
    OMB control number: 7100-0079.
    Frequency: Quarterly.
    Reporters: Major foreign branches and banking subsidiaries of U.S. 
depository institutions that are located in the Caribbean or the United 
Kingdom.
    Estimated annual reporting hours: 124 hours.
    Estimated average hours per response: 1 hour.
    Number of respondents: 31.
    General description of report: This information collection is 
required (12 U.S.C. 248(a)(2), 461, 602, and 625).
    Abstract: U.S. commercial banks, bank holding companies, including 
financial holding companies, and banking Edge and agreement 
corporations (U.S. banks) are required to file this reporting form for 
their large branches and banking subsidiaries that are located in the 
United Kingdom or the Caribbean. The FR 2502q collects, for each 
reporting office, claims on and liabilities to residents of individual 
countries as of each quarter-end. The data are used to construct a 
piece of the flow of funds data that are compiled by the Federal 
Reserve.
    Current Actions: On March 12, 2015 the Federal Reserve published a 
notice in the Federal Register (80 FR 13001) requesting public comment 
for 60 days on the extension, with revision, of the Quarterly Report of 
Assets and Liabilities of Large Foreign Offices of U.S. Banks. The 
comment period for this notice expired on May 11, 2015. The Federal 
Reserve received one comment supporting the revisions. The revisions 
will be implemented as proposed, effective with the September 30, 2015 
report date.

    2. Report title: Quarterly Report of Interest Rates on Selected 
Direct Consumer Installment Loans and Quarterly Report of Credit Card 
Plans.\1\
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    \1\ This family of reports also contains the voluntary 
Automobile Finance Company Report (FR 2512), which has fewer than 10 
respondents and does not require an OMB control number. The Federal 
Reserve also proposes to discontinue the FR 2512.
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    Agency form number: FR 2835; FR 2835a.
    OMB control number: 7100-0085.
    Frequency: Quarterly.
    Reporters: Commercial banks.
    Estimated annual reporting hours: FR 2835: 176 hours; FR 2835a: 100 
hours.
    Estimated average hours per response: FR 2835: 0.29 hours; FR 
2835a: 0.50 hours.
    Number of respondents: FR 2835: 150; FR 2835a: 50.
    General description of report: These information collections are 
authorized by Sections 2A, 11, and 12A of the Federal Reserve Act and 
are voluntary (12 U.S.C. 225a, 248(a)(2), 263, 348a and 353-359). 
Information requested on the FR 2835 is not confidential and 
respondents are made aware that information reported is made available 
to the public. Aggregate information collected on the FR 2835a is not 
considered confidential; however, individual respondent data is 
considered confidential under section (b)(4) of the Freedom of 
Information Act. (5 U.S.C. 552(b)(4)).
    Abstract: The FR 2835 collects information from a sample of

[[Page 30681]]

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.
    Current Actions: On March 12, 2015 the Federal Reserve published a 
notice in the Federal Register (80 FR 13001) requesting public comment 
for 60 days on the extension, with revision, of the Quarterly Report of 
Interest Rates on Selected Direct Consumer Installment Loans and 
Quarterly Report of Credit Card Plans. The comment period for this 
notice expired on May 11, 2015. The Federal Reserve received one 
comment supporting the revisions. The revisions will be implemented as 
proposed.

    3. Report title: Census of Finance Companies.
    Agency form number: FR 3033p.
    OMB control number: 7100-0277.
    Frequency: Every five years.
    Reporters: Domestic finance companies.
    Estimated annual reporting hours: 8,000 hours.
    Estimated average hours per response: 0.5 hours.
    Number of respondents: 16,000.
    General description of report: This information collection is 
authorized by law (12 U.S.C. 225a, 263, 348a, and 353-359) and is 
voluntary. Individual responses are exempt from disclosure pursuant to 
section (b)(4) of the Freedom of Information Act (5 U.S.C. 552).
    Abstract: The Census of Finance Companies is a simple screening 
survey, which would be sent in June 2015 to all companies that meet 
criteria developed to identify the potential universe of domestic 
finance companies. An accurate census is required to form a 
representative sample of finance companies, to which the more detailed 
Survey of Finance Companies would be sent. The census would gather 
limited information including total assets, areas of specialization, 
and information on the corporate structure of the companies. The 
Federal Reserve has identified approximately 40,000 firms to which the 
census would be sent.
    Current Actions: On March 12, 2015, the Federal Reserve published a 
notice in the Federal Register (80 FR 13001) requesting public comment 
for 60 days on the extension, with revision, of the FR 3033p. The 
comment period for this notice expired on May 11, 2015. The Federal 
Reserve did not receive any comments. The revisions will be implemented 
as proposed.

    Board of Governors of the Federal Reserve System, May 26, 2015.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2015-13005 Filed 5-28-15; 8:45 am]
BILLING CODE 6210-01-P