Weekly Report of Selected Assets and Liabilities of Domestically Chartered Commercial Banks and U.S. Branches and Agencies of Foreign Banks

ICR 201712-7100-002

OMB: 7100-0075

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2017-12-07
ICR Details
7100-0075 201712-7100-002
Historical Active 201410-7100-005
FRS FR 2644
Weekly Report of Selected Assets and Liabilities of Domestically Chartered Commercial Banks and U.S. Branches and Agencies of Foreign Banks
Revision of a currently approved collection   No
Delegated
Approved without change 12/07/2017
Retrieve Notice of Action (NOA) 12/07/2017
  Inventory as of this Action Requested Previously Approved
12/31/2020 36 Months From Approved 12/31/2017
45,500 0 45,500
106,925 0 127,400
0 0 0

The FR 2644 is a balance sheet report that is collected as of each Wednesday from an authorized stratified sample of 875 domestically chartered commercial banks and U.S. branches and agencies of foreign banks. The FR 2644 is the only source of high-frequency data used in the analysis of current banking developments. The FR 2644 collects sample data that are used to estimate universe levels using data from the quarterly commercial bank Consolidated Reports of Condition and Income (FFIEC 031, FFIEC 041, and FFIEC 051; OMB No. 7100-0036) and the Report of Assets and Liabilities of U.S. Branches and Agencies of Foreign Banks (FFIEC 002; OMB No. 7100-0032) (Call Reports). Data from the FR 2644, together with data from other sources, are used to construct weekly estimates of bank credit, balance sheet data for the U.S. banking industry, sources and uses of banks’ funds, and to analyze current banking and monetary developments. The Board publishes the data in aggregate form in the weekly H.8 statistical release, Assets and Liabilities of Commercial Banks in the United States, which is followed closely by other government agencies, the banking industry, the financial press, and other users. The H.8 release provides a balance sheet for the banking industry as a whole and data disaggregated by its large domestic, small domestic, and foreign-related bank components.

US Code: 12 USC 225(a) Name of Law: Federal Reserve Act
   US Code: 12 USC 248(a)(2) Name of Law: Federal Reserve Act
   US Code: 12 USC 3105(c)(2) Name of Law: International Banking Act
  
None

Not associated with rulemaking

  82 FR 31327 07/06/2017
82 FR 49207 10/24/2017
No

  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 45,500 45,500 0 0 0 0
Annual Time Burden (Hours) 106,925 127,400 0 -20,475 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
Yes
Miscellaneous Actions
The current annual reporting burden for the FR 2644 is estimated to be 127,400 hours. The annual reporting burden for the proposed FR 2644 would be 106,925 hours, a decrease of 20,475 hours. The estimated average hours per response for the FR 2644 would decrease from 2.80 hours to 2.35 hours, on a net basis, associated with the proposed revisions.

$2,417,200
No
    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.
12/07/2017


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