Census of Finance Companies and Other Lenders; Survey of Finance Companies

Forms and Documents

Document Name	Status
Form FR 3033p Census of Finance Companies and Other Lenders Form and Instruction	Modified
Form FR 3033s Survey of Finance Companies Form and Instruction	Modified
FR3033s_20210929_omb_B.pdf Supporting Statement B	2021-09-29
FR3033_20210929_omb.pdf Supporting Statement A	2021-09-29

IC Document Collections

IC ID	Document Title	Status
36307	Census of Finance Companies and Other Lenders Form and Instruction	Modified
226578	Survey of Finance Companies Form and Instruction	Modified

ICR Details

OMB Control No: 7100-0277	ICR Reference No: 202109-7100-006
Status: Active	Previous ICR Reference No: 202004-7100-007
Agency/Subagency: FRS	Agency Tracking No: FR 3033p; FR 3033s
Title: Census of Finance Companies and Other Lenders; Survey of Finance Companies
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Delegated
OIRA Conclusion Action: Approved without change	Conclusion Date: 09/29/2021
	Date Received in OIRA: 09/29/2021
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	09/30/2024	36 Months From Approved	04/30/2023
Responses	13,700	0	14,000
Time Burden (Hours)	5,124	0	6,024
Cost Burden (Dollars)	0	0	0

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Abstract: The FR 3033p is the first part of a two-stage survey series, which has been conducted at regular five-year intervals since 1955. It is a census survey designed to identify the universe of finance companies eligible for potential inclusion in the FR 3033s. It gathers limited information including total assets, areas of specialization, and information on the corporate structure of such companies. The second part of these information collections, the FR 3033s, collects balance sheet data on major categories of consumer and business credit receivables and major liabilities, along with income and expenses, and is used to gather information on the scope of a company’s operations and loan and lease servicing activities. In addition, additional questions were added to collect lending information related to the COVID-19 impacts.

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Authorizing Statute(s): US Code: 12 USC 225a Name of Law: Federal Reserve Act
   US Code: 12 USC 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:
	86 FR 28105	05/25/2021
30-day Notice:	Federal Register Citation:	Citation Date:
	86 FR 49031	09/01/2021
Did the Agency receive public comments on this ICR? No

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

IC Title	Form No.	Form Name
Census of Finance Companies and Other Lenders	FR 3033p	Census of Finance Companies and Other Lenders
Survey of Finance Companies	FR 3033s	Survey of Finance Companies

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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	13,700	14,000	0	-300	0	0
Annual Time Burden (Hours)	5,124	6,024	0	-900	0	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: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: The estimated total annual burden for the FR 3033p and FR 3033s is 6,024 hours, and would decrease to 5,124 hours with the revisions. The estimated burden for the FR 3033s would be reduced by 900 hours, based on a reduced estimated number of respondents and a shorter estimated average hours per response.

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Annual Cost to Federal Government: $226,400

Does this IC contain surveys, censuses, or employ statistical methods? Yes Part B of Supporting Statement

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     Yes

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     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? No

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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: 09/29/2021

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