Consolidated Report of Condition and Income for Edge and Agreement Corporations

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form FR 2886b Banking Edge Corporations	Form	Modified	Available
Form FR 2886b Investment Agreement Corporations	Form	Modified	Available
Form FR 2886b Investment Edge Corporations	Form	Modified	Available
Form FR 2886b Banking Agreement Corporations	Form	Modified	Repair queued
FR2886b.200802.omb.doc	Supporting Statement A	Uploaded 2008-02-27	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
36084	Banking Edge Corporations	Form	Modified
181984	Investment Agreement Corporations	Form	Modified
181981	Investment Edge Corporations	Form	Modified
181980	Banking Agreement Corporations	Form	Modified

ICR Details

OMB Control No: 7100-0086	ICR Reference No: 200711-7100-005
Status: Historical Active	Previous ICR Reference No: 200709-7100-011
Agency/Subagency: FRS	Agency Tracking No: FR 2886b
Title: Consolidated Report of Condition and Income for Edge and Agreement Corporations
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: 02/27/2008
	Date Received in OIRA: 02/27/2008
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	02/28/2011	36 Months From Approved	03/31/2009
Responses	248	0	248
Time Burden (Hours)	2,442	0	2,406
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
60-day Notice:	Federal Register Citation:	Citation Date:
	72 FR 63580	11/09/2007
30-day Notice:	Federal Register Citation:	Citation Date:
	73 FR 10442	02/27/2008
Did the Agency receive public comments on this ICR? No

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

table that charts list of burden

IC Title	Form No.	Form Name
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
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

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ICR Summary of Burden

table that charts list 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	248	0	0	0	0
Annual Time Burden (Hours)	2,442	2,406	0	36	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: No

Burden Reduction Due to:

Short Statement: The Federal Reserve proposes to collect certain data from all organizations that choose, under generally accepted accounting principles, to apply a fair value option to one or more financial instruments and one or more classes of servicing assets and liabilities. The Federal Reserve also proposes to revise the instructions for information collected on restructured loans and leases consistent with proposed changes to the Call Report. The total current annual burden for the FR 2886b is estimated to be 2,406 hours and is estimated to increase by thirty-six hours with the proposed revisions.

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Annual Cost to Federal Government: $135,355

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: 02/27/2008

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