83_FR_22583 83 FR 22489 - Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB

83 FR 22489 - Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB

FEDERAL RESERVE SYSTEM

Federal Register Volume 83, Issue 94 (May 15, 2018)

Page Range22489-22490
FR Document2018-10264

The Board of Governors of the Federal Reserve System (Board) is adopting a proposal to extend for three years, with revision, the Reports of Deposits (FR 2900; OMB No. 7100-0087). The revisions are applicable as of September 2018.

Federal Register, Volume 83 Issue 94 (Tuesday, May 15, 2018) 
[Federal Register Volume 83, Number 94 (Tuesday, May 15, 2018)]
[Notices]
[Pages 22489-22490]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-10264]


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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: The Board of Governors of the Federal Reserve System (Board) 
is adopting a proposal to extend for three years, with revision, the 
Reports of Deposits (FR 2900; OMB No. 7100-0087). The revisions are 
applicable as of September 2018.

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 With Revision, of the Following Reports

    Report title: Report of Transaction Accounts, Other Deposits, and 
Vault Cash (FR 2900); Annual Report of Deposits and Reservable 
Liabilities (FR 2910a); Report of Foreign (Non-U.S.) Currency Deposits 
(FR 2915); and Allocation of Low Reserve Tranche and Reservable 
Liabilities Exemption (FR 2930).
    Agency form number: FR 2900; FR 2910a; FR 2915; and FR 2930.
    OMB control number: 7100-0087.
    Effective Date: June 14, 2018.
    Frequency: Weekly, quarterly, annually, and on occasion.
    Respondents: Depository institutions.
    Estimated number of respondents: FR 2900 (Weekly), 2,007; FR 2900 
(Quarterly), 4,395; FR 2910a, 2,941; FR 2915, 122; and FR 2930, 93.
    Estimated average hours per response: FR 2900 (Weekly), 1.25; FR 
2900 (Quarterly), 3; FR 2910a, 0.75; FR 2915, 0.5; and FR 2930, 0.25.
    Estimated annual burden hours: FR 2900 (Weekly), 130,455; FR 2900 
(Quarterly), 52,740; FR 2910a, 2,206; FR 2915, 244; FR 2930, 23.
    General description of reports: Data from these mandatory reports 
are used by the Board for administering Regulation D (Reserve 
Requirements of Depository Institutions) and for constructing, 
analyzing, and monitoring the monetary and reserve aggregates. The FR 
2900 is the primary source of data used for the calculation of required 
reserves and applied vault cash, and for the construction and analysis 
of the monetary aggregates. Data are also used for (1) indexing the 
exemption amount and low reserve tranche amount each year, as required 
by statute, and (2) indexing the nonexempt deposit cutoff and reduced 
reporting limit each year, as determined by the Board. The amounts of 
the deposit cutoff and reporting limit determine whether depository 
institutions file the FR 2900 either weekly or quarterly. The FR 2910a 
is generally submitted by exempt institutions whose total deposits (as 
shown on their December Call Report) \1\ are greater than the exemption 
amount. 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 to exclude them from 
measures of the monetary aggregates. The FR 2930 data are collected 
when the low reserve tranche and reservable liabilities exemption 
thresholds are adjusted toward the end of each calendar year or upon 
the establishment of an office outside the home state or Federal 
Reserve District.
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    \1\ In this document, the term Call Report refers to the 
Consolidated Reports of Condition and Income (FFIEC 031, FFIEC 041, 
and FFIEC 051; OMB No. 7100-0036) filed by commercial banks, Report 
of Assets and Liabilities of U.S. Branches and Agencies of Foreign 
Banks (FFIEC 002; OMB No. 7100-0032), Statement of Financial 
Condition (NCUA 5300; OMB No. 3133-0004) filed by credit unions, and 
Consolidated Report of Condition and Income for Edge and Agreement 
Corporations (FR 2886b; OMB No. 7100-0086).
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    Legal authorization and confidentiality: The information collected 
on these reports is authorized under sections 11, 25(7), and 25A(17) of 
the Federal Reserve Act (FRA), and section 7 of the International 
Banking Act (IBA). 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. Sections 25(7) and 25A(17) of the FRA (12 U.S.C. 604a and 
625) authorize the Board to require Edge and agreement corporations to 
make reports to the Board. Section 7 of the IBA (12 U.S.C. 3105(c)(2)) 
authorizes the Board to require reports from U.S. branches and agencies 
of foreign banks. The FR 2900, FR 2910a, FR 2915, and FR 2930 are all 
mandatory. The release of data collected on these forms would likely 
cause substantial harm to the competitive position of the respondent if 
made publicly available. The data collected on these forms, therefore, 
may

[[Page 22490]]

be kept confidential under exemption 4 of the Freedom of Information 
Act, which protects from disclosure trade secrets and commercial or 
financial information (5 U.S.C. 552(b)(4)).
    Current actions: On February 21, 2018, the Federal Reserve 
published a notice in the Federal Register (83 FR 7474) requesting 
public comment for 60 days on the extension, with revision, of the 
Reports of Deposits (FR 2900; OMB No. 7100-0087). The Board proposes 
raising the nonexempt deposit cutoff to $1 billion, substantially 
increasing the cutoff from its indexed amount of $457.5 million that is 
set to take effect in September 2018. This proposed increase in the 
nonexempt deposit cutoff would reduce reporting burden on depository 
institutions while maintaining accurate measurements of the money and 
reserves aggregates. With this increase, the Board estimates that 
approximately 1,000 depository institutions would become newly eligible 
to elect to shift from weekly to quarterly FR 2900 reporting. However, 
consistent with current policy, newly eligible institutions for 
quarterly reporting may elect to continue reporting weekly. There are 
no changes proposed for the FR 2910a, FR 2915, or FR 2930. The comment 
period for this notice expired on April 23, 2018. The Federal Reserve 
did not receive any comments. The revisions will be implemented as 
proposed.

    Board of Governors of the Federal Reserve System, May 9, 2018.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2018-10264 Filed 5-14-18; 8:45 am]
 BILLING CODE 6210-01-P

Federal Register / Vol. 83, No. 94 / Tuesday, May 15, 2018 / Notices 22489 The questions asked on each survey by the Board. Board-approved depository institutions file the FR 2900 will vary, so the ability of the Board to collections of information are either weekly or quarterly. The FR maintain the confidentiality of incorporated into the official OMB 2910a is generally submitted by exempt information collected must be inventory of currently approved institutions whose total deposits (as determined on a case by case basis. It is collections of information. Copies of the shown on their December Call Report) 1 likely that much of the information Paperwork Reduction Act Submission, are greater than the exemption amount. collected would constitute confidential supporting statements and approved All FR 2900 respondents, both weekly financial information obtained from a collection of information instrument(s) and quarterly, that offer deposits person and would thus be protected are placed into OMB’s public docket denominated in foreign currencies at from disclosure under exemption 4 to files. The Federal Reserve may not their U.S. offices file the FR 2915 the Freedom of Information Act (FOIA) conduct or sponsor, and the respondent quarterly on the same reporting (5 U.S.C. 552(b)(4)). Exemption 8 to is not required to respond to, an schedule as quarterly FR 2900 FOIA, which protects information information collection that has been respondents. Foreign currency deposits related to examination, operating, or extended, revised, or implemented on or are subject to reserve requirements and, condition reports prepared for the use of after October 1, 1995, unless it displays therefore, are included in the FR 2900 an agency supervising financial a currently valid OMB control number. data. However, because foreign currency institutions, may also occasionally deposits are not included in the Final Approval Under OMB Delegated monetary aggregates, the FR 2915 data apply (5 U.S.C. 552(b)(8)). Authority of the Extension for Three are used to net foreign currency- Board of Governors of the Federal Reserve Years With Revision, of the Following System, May 9, 2018. denominated deposits from the FR 2900 Reports data to exclude them from measures of Michele Taylor Fennell, Report title: Report of Transaction the monetary aggregates. The FR 2930 Assistant Secretary of the Board. data are collected when the low reserve Accounts, Other Deposits, and Vault [FR Doc. 2018–10268 Filed 5–14–18; 8:45 am] Cash (FR 2900); Annual Report of tranche and reservable liabilities BILLING CODE 6210–01–P Deposits and Reservable Liabilities (FR exemption thresholds are adjusted 2910a); Report of Foreign (Non-U.S.) toward the end of each calendar year or Currency Deposits (FR 2915); and upon the establishment of an office FEDERAL RESERVE SYSTEM Allocation of Low Reserve Tranche and outside the home state or Federal Reservable Liabilities Exemption (FR Reserve District. Agency Information Collection Legal authorization and Activities: Announcement of Board 2930). Agency form number: FR 2900; FR confidentiality: The information Approval Under Delegated Authority collected on these reports is authorized 2910a; FR 2915; and FR 2930. and Submission to OMB under sections 11, 25(7), and 25A(17) of OMB control number: 7100–0087. AGENCY: Board of Governors of the Effective Date: June 14, 2018. the Federal Reserve Act (FRA), and Federal Reserve System. Frequency: Weekly, quarterly, section 7 of the International Banking SUMMARY: The Board of Governors of the annually, and on occasion. Act (IBA). Section 11 of the FRA (12 Respondents: Depository institutions. U.S.C. 248(a)) authorizes the Board to Federal Reserve System (Board) is Estimated number of respondents: FR require reports from each member bank adopting a proposal to extend for three 2900 (Weekly), 2,007; FR 2900 as it may deem necessary and authorizes years, with revision, the Reports of (Quarterly), 4,395; FR 2910a, 2,941; FR the Board to prescribe reports of Deposits (FR 2900; OMB No. 7100– 2915, 122; and FR 2930, 93. liabilities and assets from insured 0087). The revisions are applicable as of Estimated average hours per response: September 2018. depository institutions to enable the FR 2900 (Weekly), 1.25; FR 2900 Board to discharge its responsibility to FOR FURTHER INFORMATION CONTACT: (Quarterly), 3; FR 2910a, 0.75; FR 2915, monitor and control monetary and Federal Reserve Board Clearance 0.5; and FR 2930, 0.25. credit aggregates. Sections 25(7) and Officer—Nuha Elmaghrabi—Office of Estimated annual burden hours: FR 25A(17) of the FRA (12 U.S.C. 604a and the Chief Data Officer, Board of 2900 (Weekly), 130,455; FR 2900 625) authorize the Board to require Edge Governors of the Federal Reserve (Quarterly), 52,740; FR 2910a, 2,206; FR and agreement corporations to make System, Washington, DC 20551 (202) 2915, 244; FR 2930, 23. reports to the Board. Section 7 of the 452–3829. Telecommunications Device General description of reports: Data IBA (12 U.S.C. 3105(c)(2)) authorizes the for the Deaf (TDD) users may contact from these mandatory reports are used Board to require reports from U.S. (202) 263–4869, Board of Governors of by the Board for administering branches and agencies of foreign banks. the Federal Reserve System, Regulation D (Reserve Requirements of The FR 2900, FR 2910a, FR 2915, and Washington, DC 20551. Depository Institutions) and for FR 2930 are all mandatory. The release OMB Desk Officer—Shagufta constructing, analyzing, and monitoring of data collected on these forms would Ahmed—Office of Information and the monetary and reserve aggregates. likely cause substantial harm to the Regulatory Affairs, Office of The FR 2900 is the primary source of competitive position of the respondent Management and Budget, New data used for the calculation of required if made publicly available. The data Executive Office Building, Room 10235, reserves and applied vault cash, and for collected on these forms, therefore, may 725 17th Street NW, Washington, DC the construction and analysis of the 20503 or by fax to (202) 395–6974. monetary aggregates. Data are also used 1 In this document, the term Call Report refers to SUPPLEMENTARY INFORMATION: On June for (1) indexing the exemption amount the Consolidated Reports of Condition and Income daltland on DSKBBV9HB2PROD with NOTICES 15, 1984, the Office of Management and and low reserve tranche amount each (FFIEC 031, FFIEC 041, and FFIEC 051; OMB No. 7100–0036) filed by commercial banks, Report of Budget (OMB) delegated to the Board year, as required by statute, and (2) Assets and Liabilities of U.S. Branches and authority under the Paperwork indexing the nonexempt deposit cutoff Agencies of Foreign Banks (FFIEC 002; OMB No. Reduction Act (PRA) to approve of and and reduced reporting limit each year, 7100–0032), Statement of Financial Condition (NCUA 5300; OMB No. 3133–0004) filed by credit assign OMB control numbers to as determined by the Board. The unions, and Consolidated Report of Condition and collection of information requests and amounts of the deposit cutoff and Income for Edge and Agreement Corporations (FR requirements conducted or sponsored reporting limit determine whether 2886b; OMB No. 7100–0086). VerDate Sep<11>2014 20:27 May 14, 2018 Jkt 244001 PO 00000 Frm 00049 Fmt 4703 Sfmt 4703 E:\FR\FM\15MYN1.SGM 15MYN1

22490 Federal Register / Vol. 83, No. 94 / Tuesday, May 15, 2018 / Notices be kept confidential under exemption 4 for the Deaf (TDD) users may contact as other depository institutions, bank of the Freedom of Information Act, (202) 263–4869, Board of Governors of holding companies, or other financial which protects from disclosure trade the Federal Reserve System, entities) should the need arise. The FR secrets and commercial or financial Washington, DC 20551. 2018 survey provides crucial information (5 U.S.C. 552(b)(4)). OMB Desk Officer—Shagufta information for monitoring and Current actions: On February 21, Ahmed—Office of Information and understanding the evolution of lending 2018, the Federal Reserve published a Regulatory Affairs, Office of practices at banks and developments in notice in the Federal Register (83 FR Management and Budget, New credit markets. 7474) requesting public comment for 60 Executive Office Building, Room 10235, Legal authorization and days on the extension, with revision, of 725 17th Street NW, Washington, DC confidentiality: The Board’s Legal the Reports of Deposits (FR 2900; OMB 20503 or by fax to (202) 395–6974. Division has determined that the Senior No. 7100–0087). The Board proposes SUPPLEMENTARY INFORMATION: On June Loan Officer Opinion Survey on Bank raising the nonexempt deposit cutoff to 15, 1984, the Office of Management and Lending Practices is authorized by $1 billion, substantially increasing the Budget (OMB) delegated to the Board Sections 2A, 11, and 12A of the Federal cutoff from its indexed amount of authority under the Paperwork Reserve Act (12 U.S.C. 225a, 248(a), and $457.5 million that is set to take effect Reduction Act (PRA) to approve of and 263) and Section 7 of the International in September 2018. This proposed assign OMB control numbers to Banking Act (12 U.S.C. 3105(c)(2)) and increase in the nonexempt deposit collection of information requests and is voluntary. Individual survey cutoff would reduce reporting burden requirements conducted or sponsored responses from each respondent can be on depository institutions while by the Board. Board-approved held confidential under section (b)(4) of maintaining accurate measurements of collections of information are the Freedom of Information Act (5 the money and reserves aggregates. With incorporated into the official OMB U.S.C. 552(b)(4)). However, certain data this increase, the Board estimates that inventory of currently approved from the survey is reported in aggregate approximately 1,000 depository collections of information. Copies of the form and the information in aggregate institutions would become newly Paperwork Reduction Act Submission, form is made publicly available and not eligible to elect to shift from weekly to supporting statements and approved considered confidential. quarterly FR 2900 reporting. However, Current actions: On February 21, collection of information instrument(s) consistent with current policy, newly 2018, the Board published a notice in are placed into OMB’s public docket eligible institutions for quarterly the Federal Register (83 FR 7477) files. The Federal Reserve may not reporting may elect to continue requesting public comment for 60 days conduct or sponsor, and the respondent reporting weekly. There are no changes on the extension, without revision, of is not required to respond to, an proposed for the FR 2910a, FR 2915, or the Senior Loan Officer Opinion Survey information collection that has been FR 2930. The comment period for this on Bank Lending Practices. The extended, revised, or implemented on or notice expired on April 23, 2018. The comment period for this notice expired after October 1, 1995, unless it displays Federal Reserve did not receive any on April 23, 2018. The Board did not a currently valid OMB control number. comments. The revisions will be receive any comments. The information Final approval under OMB delegated implemented as proposed. collection will be extended as proposed. authority of the extension for three Board of Governors of the Federal Reserve years, without revision, of the following Board of Governors of the Federal Reserve System, May 9, 2018. report: System, May 9, 2018. Michele Taylor Fennell, Report title: Senior Loan Officer Michele Taylor Fennell, Assistant Secretary of the Board. Opinion Survey on Bank Lending Assistant Secretary of the Board. [FR Doc. 2018–10264 Filed 5–14–18; 8:45 am] Practices. [FR Doc. 2018–10265 Filed 5–14–18; 8:45 am] BILLING CODE 6210–01–P Agency form number: FR 2018. BILLING CODE 6210–01–P OMB control number: 7100–0058. Frequency: Up to six times a year. FEDERAL RESERVE SYSTEM Respondents: Domestically chartered DEPARTMENT OF HEALTH AND large commercial banks and large U.S. HUMAN SERVICES Agency Information Collection branches and agencies of foreign banks. Activities: Announcement of Board Estimated number of respondents: Administration for Children and Approval Under Delegated Authority 104. Families and Submission to OMB Estimated average hours per response: 2 hours. Agency Recordkeeping/Reporting AGENCY: Board of Governors of the Estimated annual burden hours: 1,248 Requirements Under Emergency Federal Reserve System. hours. Review by the Office of Management SUMMARY: The Board of Governors of the General description of report: The FR and Budget (OMB); Comment Request Federal Reserve System (Board) is 2018 is conducted with a senior loan Title: Sponsorship Review Procedures adopting a proposal to extend for three officer at each respondent bank, for Approval for Unaccompanied Alien years, without revision, the Senior Loan generally through electronic Children. Officer Opinion Survey on Bank submission, up to six times a year. The OMB No.: 0970–0278. Lending Practices (FR 2018; OMB No. purpose of the survey is to provide Description: The Administration for 7100–0058). qualitative and limited quantitative Children (ACF), Office of Refugee daltland on DSKBBV9HB2PROD with NOTICES FOR FURTHER INFORMATION CONTACT: information on credit availability and Resettlement (ORR) requests the use of Federal Reserve Board Clearance demand, as well as evolving emergency processing procedures in Officer—Nuha Elmaghrabi—Office of developments and lending practices in accordance with 5 CFR Section 1320.13 the Chief Data Officer, Board of the U.S. loan markets. A portion of each to expand the scope of an existing Governors of the Federal Reserve survey typically covers special topics of information collection under OMB System, Washington, DC 20551 (202) timely interest. There is the option to control number 0970–0278, 452–3829. Telecommunications Device survey other types of respondents (such Reunification Procedures for VerDate Sep<11>2014 20:27 May 14, 2018 Jkt 244001 PO 00000 Frm 00050 Fmt 4703 Sfmt 4703 E:\FR\FM\15MYN1.SGM 15MYN1


Document Created: 2018-05-15 00:33:02
Document Modified: 2018-05-15 00:33:02
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
ActionOn February 21, 2018, the Federal Reserve published a notice in the Federal Register (83 FR 7474) requesting public comment for 60 days on the extension, with revision, of the Reports of Deposits (FR 2900; OMB No. 7100-0087). The Board proposes raising the nonexempt deposit cutoff to $1 billion, substantially increasing the cutoff from its indexed amount of $457.5 million that is set to take effect in September 2018. This proposed increase in the nonexempt deposit cutoff would reduce reporting burden on depository institutions while maintaining accurate measurements of the money and reserves aggregates. With this increase, the Board estimates that approximately 1,000 depository institutions would become newly eligible to elect to shift from weekly to quarterly FR 2900 reporting. However, consistent with current policy, newly eligible institutions for quarterly reporting may elect to continue reporting weekly. There are no changes proposed for the FR 2910a, FR 2915, or FR 2930. The comment period for this notice expired on April 23, 2018. The Federal Reserve did not receive any comments. The revisions will be implemented as proposed.
DatesJune 14, 2018.
ContactFederal 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.
FR Citation83 FR 22489 
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