69 FR 236 pgs. 71413-71414 - Agency Information Collection Activities: Proposed Collection;Comment Request
Type: NOTICEVolume: 69Number: 236Pages: 71413 - 71414
FR document: [FR Doc. 04-27010 Filed 12-8-04; 8:45 am]
Agency: Federal Reserve System
Official PDF Version: PDF Version
FEDERAL RESERVE SYSTEM
Agency Information Collection Activities: Proposed Collection;Comment Request
AGENCY:
Board of Governors of the Federal ReserveSystem
SUMMARY:
On June 15, 1984, the Office of Management and Budget (OMB) delegated tothe Board of Governors of the Federal Reserve System (Board) its approvalauthority under the Paperwork Reduction Act, as per 5 CFR 1320.16, toapprove of and assign OMB control numbers to collection of informationrequests and requirements conducted or sponsored by the Board underconditions set forth in 5 CFR 1320 Appendix A.1. Board-approvedcollections of information are incorporated into the official OMB inventoryof currently approved collections of information. Copies of the OMB83-Is and supporting statements and approved collection ofinformation instruments are placed into OMB's public docket files. TheFederal Reserve may not conduct or sponsor, and the respondent is notrequired to respond to, an information collection that has been extended,revised, or implemented on or after October 1, 1995, unless it displays acurrently valid OMB control number.
Request for comment on information collection proposal
The following information collections, which are being handled underthis delegated authority, have received initial Board approval and arehereby published for comment. At the end of the comment period, theproposed information collections, along with an analysis of comments andrecommendations received, will be submitted to the Board for final approvalunder OMB delegated authority. Comments are invited on the following:
a. whether the proposed collections of information are necessary for theproper performance of the Federal Reserve's functions; including whetherthe information has practical utility;
b. the accuracy of the Federal Reserve's estimate of the burden of theproposed information collections, including the validity of the methodologyand assumptions used;
c. ways to enhance the quality, utility, and clarity of the informationto be collected; and
d. ways to minimize the burden of information collections onrespondents, including through the use of automated collection techniquesor other forms of information technology.
DATES:
Comments must be submitted on or beforeFebruary 7, 2005.
ADDRESSES:
You may submit comments, identified by FRG-1, FR G-2, FR G-3, FR G-4, FR T-4, and FRU-1, by any of the following methods:
• Agency Web Site: http://www.federalreserve.gov. Followthe instructions for submitting comments athttp://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm.
• Federal eRulemaking Portal: http://www.regulations.gov.Follow the instructions for submitting comments.
• E-mail: regs.commentsfederalreserve.gov.Include docket number in the subject line of the message.
• FAX: 202/452-3819 or 202/452-3102.
• Mail: Jennifer J. Johnson, Secretary, Board of Governorsof the Federal Reserve System, 20th Street and Constitution Avenue, N.W.,Washington, DC 20551.
All public comments are available from the Board's web site at www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm as submitted, except as necessary for technical reasons. Accordingly, your comments willnot be edited to remove any identifying or contact information. Publiccomments may also be viewed electronically or in paper in Room MP-500of the Board's Martin Building (20th and C Streets, N.W.) between 9:00 a.m.and 5:00 p.m. on weekdays.
FOR FURTHER INFORMATION CONTACT:
A copy of theproposed form and instructions, the Paperwork Reduction Act Submission (OMB83-I), supporting statement, and other documents that will be placedinto OMB's public docket files once approved may be requested from theagency clearance officer, whose name appears below.
Cindy Ayouch, Federal Reserve Board Clearance Officer(202-452-3829), Division of Research and Statistics, Board ofGovernors of the Federal Reserve System, Washington, DC 20551.Telecommunications Device for the Deaf (TDD) users may contact(202-263-4869), Board of Governors of the Federal ReserveSystem, Washington, DC 20551.
Proposal to approve under OMB delegated authority the extension forthree years, without revision, of the following reports:
Report titles: Registration Statement for Persons WhoExtend Credit Secured by Margin Stock (Other Than Banks, Brokers, orDealers); Deregistration Statement for Persons Registered Pursuant toRegulation U; Statement of Purpose for an Extension of Credit Secured byMargin Stock by a Person Subject to Registration Under Regulation U; AnnualReport; Statement of Purpose for an Extension of Credit by a Creditor; andStatement of Purpose for an Extension of Credit Secured by Margin Stock
Agency form numbers: FR G-1, FR G-2, FRG-3, FR G-4, FR T-4, FR U-1
OMB control numbers: 7100-0011: FR G-1, FRG-2, FR G-4; 7100-0018: FR G-3; 7100-0019: FRT-4; and 7100-0115: FR U-1
Frequency: FR G-1, FR G-2, FR G-3, FRT-4, and FR U-1: on occasion; FR G-4: annual
Reporters: Individuals and business
Annual reporting hours: 1,506 reporting; 155,147recordkeeping
Estimated average hours per response: FR G-1: 2.5hours; FR G-2: 15 minutes; FR G-3: 10 minutes; FR G-4:2.0 hours; FR T-4: 10 minutes; and FR U-1: 10 minutes
Number of respondents: FR G-1: 39; FR G-2:103; FR G-3: 278; FR G-4: 691; FR T-4: 138; and FRU-1: 4,278
General description of report: These informationcollections are mandatory (15 U.S.C. §§ 78g). Theinformation in the FR G-1 and FR G-4 is given confidentialtreatment under the Freedom of Information Act (5 U.S.C.§§ 552(b)(4)). The FR G-2 does not containconfidential information. The FR G-3, FR T-4, and FR U-1are not submitted to the Federal Reserve and, as such, no issue ofconfidentiality arises.
Abstract: The Securities Exchange Act of 1934 ('34 Act)authorizes the Board to regulate securities credit issued by banks, brokersand dealers, and other lenders. The purpose statements, FR U-1, FRT-4, and FR G-3, are recordkeeping requirements for banks,brokers and dealers, and other lenders, respectively, to document thepurpose of their loans secured by margin stock. Other lenders also mustregister and deregister with the Federal Reserve using the FR G-1 andFR G-2, respectively, and must file an annual report (FR G-4).The Federal Reserve uses the data to identify lenders subject to RegulationU, to verify compliance with Regulations T, U, and X, and to monitor margincredit.
Board of Governors of the Federal Reserve System, December 3,2004.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 04-27010 Filed 12-8-04; 8:45 am]
BILLING CODE: 6210-01-S