Selected Balance Sheet Items for Discount Window Borrowers

Forms and Documents

Document Name	Status
Form FR 2046 Primary and Secondary Credit Form	Modified
Form FR 2046 Seasonal Credit, borrower in questionable financial condition Form	New
Form FR 2046 Seasonal Credit Form	Modified
FR2046_20200226_83c.pdf Justification for No Material/Nonsubstantive Change	2020-02-26

IC Document Collections

IC ID	Document Title	Status
36331	Primary and Secondary Credit Form	Modified
239909	Seasonal Credit, borrower in questionable financial condition Form	New
179603	Seasonal Credit Form	Modified

ICR Details

OMB Control No: 7100-0289	ICR Reference No: 202002-7100-009
Status: Historical Active	Previous ICR Reference No: 201608-7100-020
Agency/Subagency: FRS	Agency Tracking No: FR 2046
Title: Selected Balance Sheet Items for Discount Window Borrowers
Type of Information Collection: No material or nonsubstantive change to a currently approved collection	Common Form ICR:  No
Type of Review Request: Delegated
OIRA Conclusion Action: Approved without change	Conclusion Date: 02/26/2020
	Date Received in OIRA: 02/26/2020
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	02/29/2020	02/29/2020	02/29/2020
Responses	1,496	0	1,531
Time Burden (Hours)	376	0	384
Cost Burden (Dollars)	0	0	0

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Abstract: The balance sheet data collected on the FR 2046 report from certain institutions that borrow from the discount window are used to monitor discount window borrowing. The Board’s Regulation A - Extensions of Credit by Federal Reserve Banks (12 CFR Part 201) requires that Reserve Banks review balance sheet data in determining whether to extend credit and to help ascertain whether undue use is made of such credit. The FR 2046 report is primarily used to assess appropriate use of seasonal credit. Certain depository institutions that borrow from the discount window report on the FR 2046 certain balance sheet data for a period that encompasses the dates of borrowing.

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Authorizing Statute(s): US Code: 12 USC 301 Name of Law: Federal Reserve Act
   US Code: 12 USC 347b Name of Law: Federal Reserve Act
   US Code: 12 USC 461(b)(7) Name of Law: Federal Reserve Act
   US Code: 12 USC 324 Name of Law: Federal Reserve Act
   US Code: 12 USC 225a and 248(a)(2) & (i) Name of Law: Federal Reserve Act
   US Code: 12 USC 3105(c)(2) Name of Law: International Banking Act of 1978
  

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:
	81 FR 31635	05/19/2016
30-day Notice:	Federal Register Citation:	Citation Date:
	81 FR 51447	08/04/2016
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 3

IC Title	Form No.	Form Name
Primary and Secondary Credit	FR 2046	Selected Balance Sheet Items for Discount Window Borrowers
Seasonal Credit	FR 2046	Selected Balance Sheet Items for Discount Window Borrowers
Seasonal Credit, borrower in questionable financial condition	FR 2046	Selected Balance Sheet Items for Discount Window Borrowers

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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	1,496	1,531	0	0	-35	0
Annual Time Burden (Hours)	376	384	0	0	-8	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: No

Burden Reduction Due to:

Short Statement: The decrease in total annual burden hours reflects an update to the respondent count and an adjustment to include an IC for seasonal credit borrowers in questionable financial condition.

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Annual Cost to Federal Government: $70,333

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: 02/26/2020

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