View Information Collection Request (ICR) Package
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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:
200811-7100-012
Status:
Historical Active
Previous ICR Reference No:
200611-7100-002
Agency/Subagency:
FRS
Agency Tracking No:
FR 2644
Title:
Weekly Report of Selected Assets and Liabilities of Domestically Chartered Commercial Banks and U.S. Branches and Agencies of Foreign Banks
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:
06/02/2009
Retrieve Notice of Action (NOA)
Date Received in OIRA:
06/02/2009
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
03/31/2012
03/31/2012
03/31/2010
Responses
45,500
0
59,800
Time Burden (Hours)
120,575
0
103,038
Cost Burden (Dollars)
0
0
0
Abstract:
The FR 2644 report provides weekly balance sheet information on domestically chartered commercial banks and U.S. branches and agencies of foreign banks. The Federal Reserve uses this data to construct weekly estimates of bank credit, balance sheet data for the U.S. banking industry, sources and uses of banksÂ’ funds, and to analyze banking developments.
Authorizing Statute(s):
US Code:
12 USC 3105(c)(2)
Name of Law: International Banking Act
US Code:
5 USC 552(b)(4)
Name of Law: Freedom of Information Act
US Code:
12 USC 225(a) & 248(a)(2)
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:
73 FR 76027
12/15/2008
30-day Notice:
Federal Register Citation:
Citation Date:
74 FR 10739
03/12/2009
Did the Agency receive public comments on this ICR?
Yes
Number of Information Collection (IC) in this ICR:
1
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 and Liabilities of Domestically Chartered Commercial Banks and U.S. Branches and Agencies of Foreign Banks
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
45,500
59,800
0
-17,940
3,640
0
Annual Time Burden (Hours)
120,575
103,038
0
2,977
14,560
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:
The annual burden for the proposed FR 2644 would be 120,575 hours, an increase of 2,977 hours. The authorized panel size for the proposed FR 2644 would be 875, a decrease of 345 respondents. For FR 2644 reporters, there would be an increase of 13 data items. For FR 2416 reporters, there would be a decrease of 10 data items. For FR 2069 reporters, there would be an increase of 8 data items. For the proposed FR 2644, the Federal Reserve revised the methodology for determining the estimated average hours per response based on the weighted average of data items submitted with values greater than zero.
Annual Cost to Federal Government:
$1,713,900
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)?
No
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:
06/02/2009
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