Central Bank Survey of Foreign Exchange and Derivatives Market Activity

Forms and Documents

Document	Type	Status	Availability
Form FR 3036 Turnover Survey	Form	Modified	Repair queued
Form FR 3036 Derivatives Outstanding Survey	Form	Modified	Repair queued
FR3036.2001001.omb.docx	Supporting Statement A	Uploaded 2010-01-19	Available

IC Document Collections

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

ICR Details

OMB Control No: 7100-0285	ICR Reference No: 200911-7100-007
Status: Historical Active	Previous ICR Reference No: 200703-7100-002
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: 01/21/2010
	Date Received in OIRA: 01/21/2010
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2013	36 Months From Approved
Responses	39	0	0
Time Burden (Hours)	2,165	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: The Federal Reserve System and other government agencies would use the survey to monitor activity in the foreign exchange and derivatives markets. The survey is part of a data collection effort conducted by over 50 other central banks and monetary authorities.

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Authorizing Statute(s): US Code: 12 USC 225a and 263 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:
	74 FR 56633	11/02/2009
30-day Notice:	Federal Register Citation:	Citation Date:
	75 FR 2863	01/19/2010
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
Turnover Survey	FR 3036	Turnover Survey
Derivatives Outstanding Survey	FR 3036	Derivatives Outstanding 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	39	0	0	39	0	0
Annual Time Burden (Hours)	2,165	0	0	2,165	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 FR 3036 survey is conducted only once every three years and would be reinstated for the latest survey. The total burden has decreased since the last survey due to a decrease in the number of respondents. However, the hourly estimate for the turnover survey did increase due to (1) additional data items needed for monitoring growth in the credit derivative market and (2)additional currencies on the tables for foreign exchange and interest rate derivatives.

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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)? No

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: 01/21/2010

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