Consolidated Report of Condition and Income for Edge and Agreement Corporations

Forms and Documents

Document Name	Status
Form FR 2886b Banking Edge and Agreement Corporations-Quarterly Form	Modified
Form FR 2886b Investment Edge and Agreement Corporations-Annual Form	Modified
Form FR 2886b Banking Edge and Agreement Corporations- Annual Form	Modified
Form FR 2886b Investment Edge and Agreement Corporations-Quarterly Form	Modified
FR2886b_201311_83c.pdf Justification for No Material/Nonsubstantive Change	2013-11-22

IC Document Collections

IC ID	Document Title	Status
36084	Banking Edge and Agreement Corporations-Quarterly Form	Modified
187282	Investment Edge and Agreement Corporations-Annual Form	Modified
187280	Banking Edge and Agreement Corporations- Annual Form	Modified
181981	Investment Edge and Agreement Corporations-Quarterly Form	Modified

ICR Details

OMB Control No: 7100-0086	ICR Reference No: 201311-7100-011
Status: Historical Active	Previous ICR Reference No: 201101-7100-006
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: 11/22/2013
	Date Received in OIRA: 11/22/2013
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	03/31/2014	03/31/2014	03/31/2014
Responses	157	0	157
Time Burden (Hours)	1,668	0	1,679
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 eleven 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 problems, 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:
	75 FR 67721	11/03/2010
30-day Notice:	Federal Register Citation:	Citation Date:
	76 FR 11474	03/02/2011
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
Banking Edge and Agreement Corporations-Quarterly	FR 2886b	Consolidated Report of Condition and Income for Edge and Agreement Corporations
Investment Edge and Agreement Corporations-Quarterly	FR 2886b	Consolidated Report of Condition and Income for Edge and Agreement Corporations
Investment Edge and Agreement Corporations-Annual	FR 2886b	Consolidated Report of Condition and Income for Edge and Agreement Corporations
Banking Edge and Agreement Corporations- Annual	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	157	157	0	0	0	0
Annual Time Burden (Hours)	1,668	1,679	0	0	-11	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 a decrease in the number of Banking Edge & agreement corporations with a higher burden/response offset by an increase in the number of Investment Edge & agreement corporations with a lower burden/response.

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Annual Cost to Federal Government: $97,432

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]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

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: 11/22/2013

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