View Information Collection Request (ICR) Package
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View Information Collection (IC) List
View Supporting Statement and Other Documents
Please note that the OMB number and expiration date may not have been determined when this Information Collection Request and associated Information Collection forms were submitted to OMB. The approved OMB number and expiration date may be found by clicking on the Notice of Action link below.
View ICR - OIRA Conclusion
OMB Control No:
7100-0075
ICR Reference No:
200611-7100-002
Status:
Historical Active
Previous ICR Reference No:
200403-7100-003
Agency/Subagency:
FRS
Agency Tracking No:
FR 2416; FR 2644
Title:
Weekly Report of Assets and Liabilities for Large Banks; Weekly Report of Selected Assets
Type of Information Collection:
Revision of a currently approved collection
Common Form ICR:
No
Type of Review Request:
Delegated
OIRA Conclusion Action:
Approved without change
Conclusion Date:
03/23/2007
Retrieve Notice of Action (NOA)
Date Received in OIRA:
03/23/2007
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
03/31/2010
36 Months From Approved
03/31/2007
Responses
59,800
0
59,800
Time Burden (Hours)
103,038
0
103,480
Cost Burden (Dollars)
0
0
0
Abstract:
The FR 2416 report provides detailed balance sheet information on large U.S.-chartered commercial banks. The FR 2644 report provides information on selected assets for small U.S.-chartered commercial banks. The Federal Reserve uses these data for constructing weekly estimates of bank credit, of sources and uses of bank funds, and of balance sheet for the banking system as a whole.
Authorizing Statute(s):
US Code:
12 USC 248(a)(2)
Name of Law: Federal Reserve Act
US Code:
5 USC 552(b)(4)
Name of Law: Freedom of Information Act
US Code:
12 USC 225(a)
Name of Law: Federal Reserve Act
Citations for New Statutory Requirements:
None
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
Not associated with rulemaking
Federal Register Notices & Comments
60-day Notice:
Federal Register Citation:
Citation Date:
72 FR 1325
01/11/2007
30-day Notice:
Federal Register Citation:
Citation Date:
72 FR 13492
03/22/2007
Did the Agency receive public comments on this ICR?
Yes
Number of Information Collection (IC) in this ICR:
2
IC Title
Form No.
Form Name
Weekly Report of Assets and Liabilities for Large Banks
FR 2416
Weekly Report of Assets and Liabilities for Large Banks
Weekly Report of Selected Assets
FR 2644
Weekly Report of Selected Assets
ICR Summary of Burden
Total Approved
Previously Approved
Change Due to New Statute
Change Due to Agency Discretion
Change Due to Adjustment in Estimate
Change Due to Potential Violation of the PRA
Annual Number of Responses
59,800
59,800
0
0
0
0
Annual Time Burden (Hours)
103,038
103,480
0
-442
0
0
Annual Cost Burden (Dollars)
0
0
0
0
0
0
Burden increases because of Program Change due to Agency Discretion:
Yes
Burden Increase Due to:
Miscellaneous Actions
Burden decreases because of Program Change due to Agency Discretion:
Yes
Burden Reduction Due to:
Miscellaneous Actions
Short Statement:
For the FR 2416, the proposed deletion of current data item M.8, Securitized commercial industrial loans, and the addition of the proposed data item M.8, Securitized real estate loans, would not affect reporting burden on net. But the proposed elimination of the two loan items on the FR 2416 would reduce the estimated average hours per response from 9.00 hours to 8.61 hours, resulting in a net annual decrease of 1,014 hours. The FR 2644 estimated average hours per response would increase marginally from 1.40 hours to 1.41 hours due to the proposed addition of one data item that would be reported by only a small fraction of the panel. This would increase the FR 2644 reporting burden by 572 hours.
Annual Cost to Federal Government:
$1,136,930
Does this IC contain surveys, censuses, or employ statistical methods?
No
Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002?
No
Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]?
Uncollected
Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]?
Uncollected
Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)?
Uncollected
Is this ICR related to the Pandemic Response?
Uncollected
Agency Contact:
Mark Tokarski 202-452-5241 Mark.E.Tokarski@frb.gov
Common Form ICR:
No
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(a) It is necessary for the proper performance of agency functions;
(b) It avoids unnecessary duplication;
(c) It reduces burden on small entities;
(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;
(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;
(f) It indicates the retention periods for recordkeeping requirements;
(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.
(i) It uses effective and efficient statistical survey methodology (if applicable); and
(j) It makes appropriate use of information technology.
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
Certification Date:
03/23/2007
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