The FR 2886b reporting form is filed
quarterly and annually by banking Edge and agreement corporations
and investment (nonbanking) Edge and agreement corporations
(collectively, “Edges or Edge corporations”). The mandatory FR
2886b comprises an income statement with two schedules reconciling
changes in capital and reserve accounts and a balance sheet with 11
supporting schedules. Other than examination reports, it provides
the only financial data available for these entities. The Federal
Reserve is solely responsible for authorizing, supervising, and
assigning ratings to Edges. The Federal Reserve uses the data
collected on the FR 2886b to identify present and potential
problems and monitor and develop a better understanding of
activities within the industry.
US Code:
12
USC 625 Name of Law: Federal Reserve Act
US Code: 31
USC 5318(h) Name of Law: USA Patriot Act
US Code: 12
USC 602 Name of Law: Federal Reserve Act
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.