DOMESTIC FINANCE COMPANY REPORT OF ASSETS AND LIABILITIES

Forms and Documents

Document Name	Status

No forms / supporting documents in this ICR. Check IC Document Collections.

IC Document Collections

IC ID	Document Title	Status
160875	DOMESTIC FINANCE COMPANY REPORT OF ASSETS AND LIABILITIES Form	Migrated

ICR Details

OMB Control No: 7100-0005	ICR Reference No: 198110-7100-037
Status: Historical Active	Previous ICR Reference No: 197811-7100-002
Agency/Subagency: FRS	Agency Tracking No:
Title: DOMESTIC FINANCE COMPANY REPORT OF ASSETS AND LIABILITIES
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 12/02/1981
	Date Received in OIRA: 10/30/1981
Terms of Clearance: This package for clearance is approved for use through December 1982 when the Federal Reserve is expected to complete review of all its consumer credit reports. For extension or revision of this approval, the Board is to provide in its supporting statement a detailed explanation of: 1) the need for monthly reporting, 2) the need for a stratified sample of 120 finance companies in the the reporting panel, 3) the relationship of FR2248 and 2248A to the quinquennial universe survey of finance companies.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/1982	12/31/1982	12/31/1981
Responses	1,440	0	960
Time Burden (Hours)	3,840	0	2,400
Cost Burden (Dollars)	0	0	0

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Abstract: INFORMATION PROVIDED BY THIS REPORT IS NEEDED AS PART OF THE ESTIMATION OF CONSUMER AND BUSINESS CREDIT, WHICH IS USED IN GENERAL FINANCIAL ANALYSIS BY THE FEDERAL RESERVE FOR MONETARY POLICY PURPOSES AND BY OTHER ANALYSTS.

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Authorizing Statute(s): None

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
DOMESTIC FINANCE COMPANY REPORT OF ASSETS AND LIABILITIES	FR 2248, 2248A

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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	1,440	960	0	0	480	0
Annual Time Burden (Hours)	3,840	2,400	0	0	1,440	0
Annual Cost Burden (Dollars)	0	0	0	0	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:

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Annual Cost to Federal Government: $0

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

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Common Form ICR:  No

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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: 10/30/1981

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