Central Bank Survey of Foreign Exchange and Derivatives Market Activity

Forms and Documents

Document	Type	Status	Availability
Form FR 3036 Turnover Survey	Form	Modified	Available
Form FR 3036 Derivatives Outstanding Survey	Form	New	Available
FR3036.200701.omb.doc	Supporting Statement A	Uploaded 0000-00-00	Repair queued

IC Document Collections

IC ID	Collection	Type	Status	Form
36323	Turnover Survey	Form	Modified
178942	Derivatives Outstanding Survey	Form	New

ICR Details

OMB Control No: 7100-0285	ICR Reference No: 200703-7100-002
Status: Historical Active	Previous ICR Reference No: 200312-7100-002
Agency/Subagency: FRS	Agency Tracking No: FR 3036
Title: Central Bank Survey of Foreign Exchange and Derivatives Market Activity
Type of Information Collection: Reinstatement with change of a previously approved collection	Common Form ICR:  No
Type of Review Request: Delegated
OIRA Conclusion Action: Approved without change	Conclusion Date: 03/26/2007
	Date Received in OIRA: 03/26/2007
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/2007	10/31/2007
Responses	60	0	0
Time Burden (Hours)	3,150	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: The data from the survey will provide information about the size and structure of the markets for foreign exchange and over-the-counter derivatives transactions. The survey is part of a data collection effort conducted by fifty other central banks and monetary authorities.

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Authorizing Statute(s): US Code: 12 USC 225a, 248(a)(2), and 358 Name of Law: Federal Reserve Act
   US Code: 12 USC 3105(c) Name of Law: International Banking 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? No

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

IC Title	Form No.	Form Name
Derivatives Outstanding Survey	FR 3036	Derivatives Outstanding Survey
Turnover Survey	FR 3036	Turnover Survey

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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	60	0	0	-20	0	80
Annual Time Burden (Hours)	3,150	0	0	-795	0	3,945
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: The FR 3036 is the U.S. part of a global data collection that is conducted by central banks every three years. The burden decreased since the last survey due to (1) a reduction in the panel size due to continued consolidation in the market and (2) the elimination of the abbreviated Derivatives Outstanding survey for FR 2436 (OMB No. 7100-0286)reporters since data on credit derivatives are now submitted on the FR 2436. Please note that none of the burden change is associated with a PRA violation (ROCIS will not allow us to change these fields). This survey is only done once every three years, so it rolled off the inventory in 2004. Now the Federal Reserve is proposing to reinstate a revised version of the survey for 2007.

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Annual Cost to Federal Government: $600,000

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: 03/26/2007

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