REPORT COLLECTS INFORMATION ON THE
OUTSTANDING BALANCES OF SELECTED BORROWINGS IN IMMEDIATELY
AVAILABLE FUNDS OF LARGE MEMBER BANKS (I.E., THOSE WITH TOTAL
ASSETS OF $1 BILLION OR MORE AS 13/31.77). THIS REPORT, WHICH
PROVIDES INFORMATION MAINLY ON FEDERAL FUNDS AND REPURCHASE
AGREEMENTS, IS USED IN THE ANALYSIS AND FORMULATION OF MONETARY
POLICY. LIMITED ADVANCE INFORMATION IS COLLECTED DAILY BY TELEPHONE
(FR 2415A) FROM THE FIFTEEN LARGEST RESPONDENTS.
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.