Consolidated Report of Condition and Income for Edge and Agreement Corporations

Forms and Documents

Document Name	Status
Form FR 2886B Banking Edge Corporations Form	Modified
Form FR 2886b Investment Agreement Corporations Form	New
Form FR 2886b Investment Edge Corporations Form	New
FR2886b_200709_83c.pdf Justification for No Material/Nonsubstantive Change	2007-10-17

IC Document Collections

IC ID	Document Title	Status
36084	Banking Edge Corporations Form	Modified
181984	Investment Agreement Corporations Form	New
181981	Investment Edge Corporations Form	New
181980	Banking Agreement Corporations Instruction	New

ICR Details

OMB Control No: 7100-0086	ICR Reference No: 200709-7100-011
Status: Historical Active	Previous ICR Reference No: 200603-7100-006
Agency/Subagency: FRS	Agency Tracking No: FR 2886b
Title: Consolidated Report of Condition and Income for Edge and Agreement Corporations
Type of Information Collection: No material or nonsubstantive change to a currently approved collection	Common Form ICR:  No
Type of Review Request: Delegated
OIRA Conclusion Action: Approved without change	Conclusion Date: 10/17/2007
	Date Received in OIRA: 10/17/2007
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	03/31/2009	03/31/2009	03/31/2009
Responses	248	0	304
Time Burden (Hours)	2,406	0	3,055
Cost Burden (Dollars)	0	0	0

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Abstract: This report collects a balance sheet, income statement, changes in capital and reserves, and ten supporting schedules from banking Edge corporations and investment (non-banking) Edge corporations. The Federal Reserve uses the data to supervise Edge corporations, identify present and potential problem, and monitor and develop a better understanding of activities within the industry.

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Authorizing Statute(s): US Code: 12 USC 602 and 625 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

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 4

IC Title	Form No.	Form Name
Investment Agreement Corporations	FR 2886b	Consolidated Report of Condition and Income for Edge and Agreement Corporations
Investment Edge Corporations	FR 2886b	Consolidated Report of Condition and Income for Edge and Agreement Corporations
Banking Edge Corporations	FR 2886B	Consolidated Report of Condition and Income for Edge and Agreement Corporations
Banking Agreement Corporations	FR 2886b	Consolidated Report of Condition and Income for Edge and Agreement Corporations

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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	248	304	0	0	-56	0
Annual Time Burden (Hours)	2,406	3,055	0	0	-649	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: The decrease in burden hours reflects an update to FR 2886b respondent panel.

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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: 10/17/2007

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