Weekly Report of Assets and Liabilities for Large Banks; Weekly Report of Selected Assets

Forms and Documents

Document Name	Status
FR2416_FR2644_200703_omb.pdf Supporting Statement A	0000-00-00

IC Document Collections

IC ID	Document Title	Status
45991	Weekly Report of Selected Assets Other-Draft Form	New
36070	Weekly Report of Assets and Liabilities for Large Banks Other-Draft Instruction	Modified

ICR Details

OMB Control No: 7100-0075	ICR Reference No: 200611-7100-002
Status: Historical Active	Previous ICR Reference No: 200403-7100-003
Agency/Subagency: FRS	Agency Tracking No: FR 2416; FR 2644
Title: Weekly Report of Assets and Liabilities for Large Banks; Weekly Report of Selected Assets
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: 03/23/2007
	Date Received in OIRA: 03/23/2007
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	03/31/2010	36 Months From Approved	03/31/2007
Responses	59,800	0	59,800
Time Burden (Hours)	103,038	0	103,480
Cost Burden (Dollars)	0	0	0

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Abstract: The FR 2416 report provides detailed balance sheet information on large U.S.-chartered commercial banks. The FR 2644 report provides information on selected assets for small U.S.-chartered commercial banks. The Federal Reserve uses these data for constructing weekly estimates of bank credit, of sources and uses of bank funds, and of balance sheet for the banking system as a whole.

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Authorizing Statute(s): US Code: 12 USC 248(a)(2) Name of Law: Federal Reserve Act
   US Code: 5 USC 552(b)(4) Name of Law: Freedom of Information Act
   US Code: 12 USC 225(a) Name of Law: Federal Reserve Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	72 FR 1325	01/11/2007
30-day Notice:	Federal Register Citation:	Citation Date:
	72 FR 13492	03/22/2007
Did the Agency receive public comments on this ICR? Yes

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Number of Information Collection (IC) in this ICR: 2

IC Title	Form No.	Form Name
Weekly Report of Selected Assets	FR 2644	Weekly Report of Selected Assets
Weekly Report of Assets and Liabilities for Large Banks	FR 2416	Weekly Report of Assets and Liabilities for Large Banks

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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	59,800	59,800	0	0	0	0
Annual Time Burden (Hours)	103,038	103,480	0	-442	0	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: For the FR 2416, the proposed deletion of current data item M.8, Securitized commercial industrial loans, and the addition of the proposed data item M.8, Securitized real estate loans, would not affect reporting burden on net. But the proposed elimination of the two loan items on the FR 2416 would reduce the estimated average hours per response from 9.00 hours to 8.61 hours, resulting in a net annual decrease of 1,014 hours. The FR 2644 estimated average hours per response would increase marginally from 1.40 hours to 1.41 hours due to the proposed addition of one data item that would be reported by only a small fraction of the panel. This would increase the FR 2644 reporting burden by 572 hours.

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Annual Cost to Federal Government: $1,136,930

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: 03/23/2007

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