Reports of Deposits

Forms and Documents

Document Name	Status
Form FR 2900 Report of Transaction Accounts, Other Deposits, and Vault Cash (quarterly) Form	Modified
Form FR 2900 Report of Transaction Accounts, Other Deposits, and Vault Cash (weekly) Form	Modified
Form FR 2930 Allocation of Low Reserve Tranche and Reservable Liabilities Exemption Form	Modified
Form FR 2915 Report of Foreign (Non-U.S.) Currency Deposits Form	Modified
Form FR 2910a Annual Report of Deposits and Reservable Liabilities Form	Modified
FR2900_20180706_omb.pdf Supporting Statement A	2018-07-06

IC Document Collections

IC ID	Document Title	Status
45091	Report of Transaction Accounts, Other Deposits, and Vault Cash (quarterly) Form	Modified
43167	Report of Transaction Accounts, Other Deposits, and Vault Cash (weekly) Form	Modified
217587	Allocation of Low Reserve Tranche and Reservable Liabilities Exemption Form	Modified
217586	Report of Foreign (Non-U.S.) Currency Deposits Form	Modified
217585	Annual Report of Deposits and Reservable Liabilities Form	Modified

ICR Details

OMB Control No: 7100-0087	ICR Reference No: 201807-7100-001
Status: Historical Active	Previous ICR Reference No: 201712-7100-008
Agency/Subagency: FRS	Agency Tracking No: FR 2900
Title: Reports of Deposits
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: 07/06/2018
	Date Received in OIRA: 07/06/2018
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	07/31/2021	36 Months From Approved	07/31/2018
Responses	74,682	0	125,466
Time Burden (Hours)	129,594	0	185,668
Cost Burden (Dollars)	0	0	0

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Abstract: This family of reports is comprised of the Report of Transaction Accounts, Other Deposits, and Vault Cash (FR 2900), Annual Report of Deposits and Reservable Liabilities (FR 2910a), Report of Foreign (Non-U.S.) Currency Deposits (FR 2915), and Allocation of Low Reserve Tranche and Reservable Liabilities Exemption (FR 2930). Data from these mandatory reports are used by the Board for administering Regulation D (Reserve Requirements of Depository Institutions) and for constructing, analyzing, and monitoring the monetary and reserve aggregates.

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Authorizing Statute(s): US Code: 12 USC 604(a) Name of Law: Federal Reserve Act
   US Code: 12 USC 625 Name of Law: Federal Reserve Act
   US Code: 12 USC 3105(c)(2) Name of Law: International Banking Act
   US Code: 12 USC 248(a) 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:
	83 FR 7474	02/21/2018
30-day Notice:	Federal Register Citation:	Citation Date:
	83 FR 22489	05/15/2018
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 5

IC Title	Form No.	Form Name
Allocation of Low Reserve Tranche and Reservable Liabilities Exemption	FR 2930	Allocation of Low Reserve Tranche and Reservable Liabilities Exemption
Annual Report of Deposits and Reservable Liabilities	FR 2910a	Annual Report of Deposits and Reservable Liabilities
Report of Transaction Accounts, Other Deposits, and Vault Cash (weekly)	FR 2900	Report of Transaction Accounts, Other Deposits, and Vault Cash
Report of Transaction Accounts, Other Deposits, and Vault Cash (quarterly)	FR 2900	Report of Transaction Accounts, Other Deposits, and Vault Cash
Report of Foreign (Non-U.S.) Currency Deposits	FR 2915	Report of Foreign (Non-U.S.) Currency Deposits

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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	74,682	125,466	0	-50,784	0	0
Annual Time Burden (Hours)	129,594	185,668	0	-56,074	0	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 proposed annual reporting burden for the reports of deposits is estimated to be 129,594 hours, a decrease of 56,074 hours from the current estimate of 185,668 hours. The reduction in estimated burden is due to the proposed increase in the nonexempt deposit cutoff. The Board is proposing to increase the nonexempt deposit cutoff from its annually indexed amount of $457.5 million to $1 billion, which would make an estimated 1,000 depository institutions eligible to shift from weekly to quarterly reporting with panel changes proposed to take effect in September 2018.

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Annual Cost to Federal Government: $4,760,700

Does this IC contain surveys, censuses, or employ statistical methods? No

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? 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: 07/06/2018

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