Central Bank Survey of Foreign Exchange and Derivatives Market Activity

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form FR 3036 Turnover Survey	Form	Modified	Available
Form FR 3036 Derivatives Outstanding Survey	Form	Unchanged	Available
FR3036_201602_83c.pdf	Justification for No Material/Nonsubstantive Change	Uploaded 2016-02-17	Available

IC Document Collections

Information collection document groups

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

ICR Details

OMB Control No: 7100-0285	ICR Reference No: 201602-7100-006
Status: Historical Active	Previous ICR Reference No: 201301-7100-010
Agency/Subagency: FRS	Agency Tracking No: FR 3036
Title: Central Bank Survey of Foreign Exchange and Derivatives Market Activity
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: 02/24/2016
	Date Received in OIRA: 02/24/2016
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	07/31/2016	07/31/2016	07/31/2016
Responses	27	0	38
Time Burden (Hours)	1,770	0	2,485
Cost Burden (Dollars)	0	0	0

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Abstract: The Federal Reserve System and other government agencies use the survey to monitor activity in the foreign exchange and derivatives markets. The FR 3036 is the U.S. part of a global data collection that is conducted by central banks once every three years. More than 50 central banks plan to conduct the survey in 2013. The Bank for International Settlements (BIS) compiles aggregate national data from each central bank to produce global market statistics.

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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:
	77 FR 67816	11/14/2012
30-day Notice:	Federal Register Citation:	Citation Date:
	78 FR 6107	01/29/2013
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 2

table that charts list of burden

IC Title	Form No.	Form Name
Derivatives Outstanding Survey	FR 3036	Central Bank Survey of Foreign Exchange and Derivatives Market Activity-Outstandings Survey
Turnover Survey	FR 3036	Central Bank Survey of Foreign Exchange and Derivatives Market Activity-Turnover Survey

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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	27	38	0	0	-11	0
Annual Time Burden (Hours)	1,770	2,485	0	0	-715	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 an update to the FR 3036 respondent count.

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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]? 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: 02/24/2016

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