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.
The Federal Reserve proposes
the following revisions to the FR 2886b effective March 31, 2009:
(1) reduce the reporting frequency to annual for Edge and agreement
corporations with total assets of $50 million or less; (2) collect
a new Schedule RC-D, Trading Assets and Liabilities, comparable to,
but less detailed than, Schedule HC-D, Trading Assets and
Liabilities, on the FR Y-9C report; and (3) collect additional
information on option contracts and other swaps (other than
interest rate swaps and foreign exchange swaps).
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.