REPORT COLLECTS DATA ON OFFICERS'
CHECKS AND DEMAND DEPOSITS OF FOREIGN INVESTMENT CORPORATION THESE
DATA ARE A PROXY MEASURE FOR THE AMOUNT OF CASH ITEMS BIAS
ASSOCIATED WITH THE TRANSFER OF EURODOLLAR TRANSACTIONS INT EH NEW
YORK MONEY MARKET. DEMAND DEPOSITS DATA ARE USED TO MEASURE THE
AMOUNT OF TRANSACTION ACCOUNTS THAT ARE HELD AT FOREIGN-RELATED
INSTITUTIONS. THESE DATA ARE NECESSARY TO MAINTAIN ACCURATE MONEY
STOCK MEASURES.
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:
(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;
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.