81 FR 7105 - Proposed Agency Information Collection Activities; Comment Request

FEDERAL RESERVE SYSTEM

Federal Register Volume 81, Issue 27 (February 10, 2016)

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 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 number.

[Federal Register Volume 81, Number 27 (Wednesday, February 10, 2016)]
[Notices]
[Pages 7105-7106]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-02687]


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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 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 number.

DATES: Comments must be submitted on or before April 11, 2016.

ADDRESSES: You may submit comments, identified by FR 2034, 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 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:

Request for Comment on Information Collection Proposal

    The following information collection, which is being handled under 
this delegated authority, has received initial Board approval and is 
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 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 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, Without Revision, of the Following Report

    1. Report title: Senior Credit Officer Opinion Survey on Dealer 
Financing Terms.
    Agency form number: FR 2034.
    OMB control number: 7100-0325.
    Frequency: Up to six times a year.
    Respondent types: U.S. banking institution and U.S. branches and 
agencies of foreign banks.
    Estimated annual burden hours: 660 hours.
    Estimated average hours per response: 5 hours.
    Number of respondents: 22.
    Legal authorization and confidentiality: This information 
collection is authorized by Sections 2A and 11(a)(2) of the Federal 
Reserve Act (12 U.S.C. 225a, 248(a)(2), Section 5(c) of the Bank 
Holding Company Act, (12 U.S.C. 1844(c), and Section 7(c)(2) of the 
International Banking Act 3105(c)(2)) and is voluntary. The individual 
financial institution information provided by each respondent would be 
accorded confidential treatment under authority of exemption four of 
the Freedom of Information Act (5 U.S.C. 552 (b)(4)).
    Abstract: This voluntary survey collects qualitative and limited 
quantitative information from senior credit officers at responding 
financial

[[Page 7106]]

institutions on (1) stringency of credit terms, (2) credit availability 
and demand across the entire range of securities financing and over-
the-counter derivatives transactions, and (3) the evolution of market 
conditions and conventions applicable to such activities up to six 
times a year. Given the Federal Reserve's interest in financial 
stability, the information this survey collects is critical to the 
monitoring of credit markets and capital market activity. Aggregate 
survey results are made available to the public on the Federal Reserve 
Board Web site.\1\ In addition, selected aggregate survey results may 
be discussed in Governor's speeches, and may be published in Federal 
Reserve Bulletin articles and in the annual Monetary Policy Report to 
the Congress
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    \1\ www.federalreserve.gov/econresdata/releases/scoos.htm.
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    Current Actions: The Federal Reserve proposes to extend for three 
years, without revision, the Senior Credit Officer Opinion Survey on 
Dealer Financing Terms (FR 2034).

    Board of Governors of the Federal Reserve System, February 4, 
2016.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2016-02687 Filed 2-9-16; 8:45 am]
 BILLING CODE 6210-01-P