Agency information collection activities; proposals, submissions, and approvals,

[Federal Register: July 28, 2004 (Volume 69, Number 144)]

[Notices]

[Page 45057-45058]

From the Federal Register Online via GPO Access [wais.access.gpo.gov]

[DOCID:fr28jy04-79]

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: Background: 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, as per 5 CFR 1320.16 (OMB Regulations on Controlling Paperwork Burdens on the Public). Board-approved collections of information are

[[Page 45058]]

incorporated into the official OMB inventory of currently approved collections of information. Copies of the OMB 83-Is and 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.

FOR FURTHER INFORMATION CONTACT: Federal Reserve Clearance Officer -- Cindy Ayouch--Division of Research and Statistics, Board of Governors of the Federal Reserve System, Washington, DC 20551 (202-452-3829).

OMB Desk Officer-Mark Menchik--Office of Information and Regulatory Affairs, Office of Management and Budget, New Executive Office Building, Room 10235, Washington, DC 20503.

SUPPLEMENTARY INFORMATION:

Final approval under OMB delegated authority of the extension for three years, without revision of the following reports:

1. Report title: Request for Extension of Time to Dispose of Assets Acquired in Satisfaction of Debts Previously Contracted

   Agency form number: FR 4006

   OMB control number: 7100-0129

   Frequency: Annual

   Reporters: Banking Holding Companies

   Annual reporting hours: 180 hours

   Estimated average hours per response: 5 hours

   Number of respondents: 36

   General description of report: This information collection is mandatory [12 U.S.C. Sec. Sec. 1842(a) and 1843(c)(2)] and may be given confidential treatment upon request [5 U.S.C. Sec. 552(b)(4)].

   Abstract: Bank holding companies (BHCs) that have acquired voting securities or assets through foreclosure in the ordinary course of collecting a debt previously contracted (DPC) generally are required to submit the extension request annually for shares or assets that have been held beyond two years from the acquisition date. The extension request does not have a required format; BHCs submit the information in a letter. The letter contains information on the progress made to dispose of such shares or assets and requests permission for an extension to hold them. This extension request is required pursuant to the Board's authority under the Bank Holding Company Act of 1956 (the Act), as amended and Regulation Y. The Federal Reserve uses the information to fulfill its statutory obligation to supervise BHCs.

2. Report title: Report of Selected Balance Sheet Items for Discount Window Borrowers

   Agency form number: FR 2046

   OMB control number: 7100-0289

   Frequency: On occasion

   Reporters: Depository institutions

   Annual reporting hours: 575 hours

   Estimated average hours per response: 0.75 hours for primary and secondary credit borrowers; 0.25 hours for seasonal credit borrowers

   Number of respondents: 128

   General description of report: This information collection is mandatory (Sections 10B, 11(a)(2), and 11(i) of the Federal Reserve Act (12 USC Sec. Sec. 347b(a) and 248(a)(2) and (i)) and individual respondent data are regarded as confidential (5 U.S.C. Sec. 552(b)(4)).

   Abstract: The Federal Reserve's Regulation A, ``Extensions of Credit by Federal Reserve Banks,'' requires that Reserve Banks review balance sheet data in determining whether to extend credit and in ascertaining whether undue use is made of such credit. Borrowers report certain balance sheet data for a period that encompasses the dates of borrowing.

   Board of Governors of the Federal Reserve System, July 22, 2004.

   Jennifer J. Johnson Secretary of the Board.

   [FR Doc. 04-17123 Filed 7-27-04; 8:45 am]

   BILLING CODE 6210-01-S