Report of Foreign (Non-U.S.) Currency Deposits

ICR 201205-7100-006

OMB: 7100-0237

Federal Form Document

Forms and Documents
Document
Name
Status
Form
Modified
Justification for No Material/Nonsubstantive Change
2012-05-22
IC Document Collections
IC ID
Document
Title
Status
43335 Modified
ICR Details
7100-0237 201205-7100-006
Historical Active 200907-7100-005
FRS FR 2915
Report of Foreign (Non-U.S.) Currency Deposits
No material or nonsubstantive change to a currently approved collection   No
Delegated
Approved without change 07/19/2012
Retrieve Notice of Action (NOA) 07/19/2012
  Inventory as of this Action Requested Previously Approved
09/30/2012 09/30/2012 09/30/2012
568 0 460
284 0 230
0 0 0

All FR 2900 respondents, both weekly and quarterly, that offer deposits denominated in foreign currencies at their U.S. offices file the FR 2915. The FR 2915 was implemented in January 1990 following the decision by the Federal Reserve in late 1988 not to object to issuance of foreign currency deposits at depository institutions in the United States after December 31, 1989. A procedure for converting the value of such deposits into dollars for reporting purposes also was established. Deposits denominated in foreign currencies are included on the FR 2900 for the purposes of calculating reserve requirements; however, such deposits are not included in the monetary aggregates. For this reason, the data collected on the FR 2915 are used to net foreign currency-denominated deposits from the FR 2900 data in order to exclude them from measures of the monetary aggregates. The FR 2915 is the only source of data on such deposits.

US Code: 12 USC 248(a) Name of Law: Federal Reserve Act
   US Code: 12 USC 347(d) Name of Law: Federal Reserve Act
   US Code: 5 USC 552(b)(4) Name of Law: Freedom of Information Act
  
None

Not associated with rulemaking

  74 FR 34577 07/16/2009
74 FR 48967 09/25/2009
No

1
IC Title Form No. Form Name
Report of Foreign (Non-U.S.) Currency Deposits FR 2915 Report of Foreign (Non-U.S.) Currency Deposits

  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 568 460 0 0 108 0
Annual Time Burden (Hours) 284 230 0 0 54 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The increase in burden hours is due to a increase in the number of respondents.

$19,024
No
No
No
No
No
Uncollected
Mark Tokarski 202-452-5241 [email protected]

  No

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.
07/19/2012


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