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OMB Control No: 7100-0087	ICR Reference No: 202007-7100-009
Status: Historical Active	Previous ICR Reference No: 201807-7100-001
Agency/Subagency: FRS	Agency Tracking No: FR 2900
Title: Reports of Deposits
Type of Information Collection: Revision of a currently approved collection	Common Form ICR: No
Type of Review Request: Emergency	Approval Requested By: 07/28/2020
OIRA Conclusion Action: Approved without change	Conclusion Date: 07/29/2020
	Date Received in OIRA: 07/28/2020
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2021	6 Months From Approved	07/31/2021
Responses	74,682	0	74,682
Time Burden (Hours)	129,594	0	129,594
Cost Burden (Dollars)	0	0	0

Abstract: The Reports of Deposits information collection comprises the following four reports: 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). The FR 2900 report is filed by depository institutions and is the primary source of data used for the calculation of reserve requirements, and for the construction and analysis of the monetary aggregates. The FR 2910a report is also filed by depository institutions and is used to determine who must file the FR 2900. The FR 2915 report is filed by any FR 2900 reporter that offers deposits denominated in foreign currencies at their U.S. offices; this report is used by the Board in the constructon of the monetary aggregates. The FR 2930 report is filed by depository institutions with offices (or groups of offices) in more than one state or Federal Reserve District with data to be used in the calculation of reserve requirements.

Emergency Justfication: The delegation of authority to the Board from OMB that permits the Board to approve collections of information under the Paperwork Reduction Act includes the authority to temporarily approve a collection of information without seeking public comment. To exercise this authority, the Board must determine that a new collection of information or a change to an existing collection must be instituted quickly and that public participation in the approval process would substantially interfere with the Board’s ability to perform its statutory obligation. Following the temporary approval of an information collection, the Board must conduct a normal delegated review of the collection within six months, including publishing in the Federal Register a notice seeking public comment. In response to recent economic disruptions and volatility in U.S. financial markets caused by the spread of Coronavirus Disease 2019 (COVID-19), the Board temporarily revised the FR 2900 weekly effective beginning with the April 27, 2020, as-of date, the FR 2900 quarterly effective beginning with the June 22, 2020, as-of date, and the FR 2910a effective beginning with the June 30, 2020, as-of date.

Authorizing Statute(s): US Code: 12 USC 603 Name of Law: Federal Reserve Act
   US Code: 12 USC 604a Name of Law: Federal Reserve Act
   US Code: 12 USC 625 Name of Law: Federal Reserve Act
   US Code: 12 USC 3105(c)(2) Name of Law: International Banking Act of 1978
   US Code: 12 USC 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
Did the Agency receive public comments on this ICR? No

Number of Information Collection (IC) in this ICR: 5

IC Title	Form No.	Form Name
FR 2900 (quarterly)	FR 2900
FR 2900 (weekly)	FR 2900
FR 2910a	FR 2910a
FR 2915	FR 2915
FR 2930	FR 2930

ICR Summary of Burden

	Total Approved	Previously Approved
Annual Number of Responses	74,682	74,682
Annual Time Burden (Hours)	129,594	129,594
Annual Cost Burden (Dollars)	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement:

Annual Cost to Federal Government: $4,935,600

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination. Yes

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination. No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Yes

Agency Contact: Brenda Simms 202 475-6340 brenda.simms@frb.gov

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