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

Forms and Documents

Document Name	Status
Form FR 2644 Weekly Report of Selected Assets and Liabilities of Domestically Chartered Commercial Banks and U.S. Branches and Agencies of Foreign Banks Form	Modified
Form FR 2416 Weekly Report of Assets and Liabilities for Large Banks Form	Removed
FR2644_200903_omb.pdf Supporting Statement A	2009-03-14

IC Document Collections

IC ID	Document Title	Status
45991	Weekly Report of Selected Assets and Liabilities of Domestically Chartered Commercial Banks and U.S. Branches and Agencies of Foreign Banks Form	Modified
36070	Weekly Report of Assets and Liabilities for Large Banks Form	Removed

ICR Details

OMB Control No: 7100-0075	ICR Reference No: 200811-7100-012
Status: Historical Active	Previous ICR Reference No: 200611-7100-002
Agency/Subagency: FRS	Agency Tracking No: FR 2644
Title: Weekly Report of Selected Assets and Liabilities of Domestically Chartered Commercial Banks and U.S. Branches and Agencies of Foreign Banks
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: 06/02/2009
	Date Received in OIRA: 06/02/2009
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	03/31/2012	03/31/2012	03/31/2010
Responses	45,500	0	59,800
Time Burden (Hours)	120,575	0	103,038
Cost Burden (Dollars)	0	0	0

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Abstract: The FR 2644 report provides weekly balance sheet information on domestically chartered commercial banks and U.S. branches and agencies of foreign banks. The Federal Reserve uses this data 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 banking developments.

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Authorizing Statute(s): US Code: 12 USC 3105(c)(2) Name of Law: International Banking Act
   US Code: 5 USC 552(b)(4) Name of Law: Freedom of Information Act
   US Code: 12 USC 225(a) & 248(a)(2) 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:
	73 FR 76027	12/15/2008
30-day Notice:	Federal Register Citation:	Citation Date:
	74 FR 10739	03/12/2009
Did the Agency receive public comments on this ICR? Yes

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Weekly Report of Assets and Liabilities for Large Banks	FR 2416	Weekly Report of Assets and Liabilities for Large Banks
Weekly Report of Selected Assets and Liabilities of Domestically Chartered Commercial Banks and U.S. Branches and Agencies of Foreign Banks	FR 2644	Weekly Report of Selected Assets

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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	45,500	59,800	0	-17,940	3,640	0
Annual Time Burden (Hours)	120,575	103,038	0	2,977	14,560	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

Burden decreases because of Program Change due to Agency Discretion: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: The annual burden for the proposed FR 2644 would be 120,575 hours, an increase of 2,977 hours. The authorized panel size for the proposed FR 2644 would be 875, a decrease of 345 respondents. For FR 2644 reporters, there would be an increase of 13 data items. For FR 2416 reporters, there would be a decrease of 10 data items. For FR 2069 reporters, there would be an increase of 8 data items. For the proposed FR 2644, the Federal Reserve revised the methodology for determining the estimated average hours per response based on the weighted average of data items submitted with values greater than zero.

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Annual Cost to Federal Government: $1,713,900

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]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

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: 06/02/2009

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