Annual Report of Total Deposits and Reservable Liabilities

Forms and Documents

Document Name	Status
FR2900.20060425.omb.doc Supporting Statement A	2006-09-06

IC Document Collections

IC ID	Document Title	Status
45090	Annual Report of Total Deposits and Reservable Liabilities (Federal savings banks, S&Ls, and credit unions only) Other-Draft form	New
43255	Annual Report of Total Deposits and Reservable Liabilities (Commercial banks and state) Other-Draft form	Modified

ICR Details

OMB Control No: 7100-0175	ICR Reference No: 200609-7100-003
Status: Historical Active	Previous ICR Reference No: 200605-7100-008
Agency/Subagency: FRS	Agency Tracking No: FR 2910a
Title: Annual Report of Total Deposits and Reservable Liabilities
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: 09/15/2006
	Date Received in OIRA: 09/15/2006
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	09/30/2009	36 Months From Approved	09/30/2006
Responses	5,605	0	5,605
Time Burden (Hours)	5,317	0	2,803
Cost Burden (Dollars)	0	0	0

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Abstract: This report collects information from depository institutions (other than U.S. branches and agencies of foreign banks and Edge and agreement corporations) that are fully exempt from reserve requirements under the Garn-St. Germain Depository Institutions Act of 1982. This mandatory report is used by the Federal Reserve for administering Regulation D (Reserve Requirements of Depository Institutions) and for constructing, analyzing, and controlling the monetary and reserve aggregates.

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Authorizing Statute(s): US Code: 12 USC 248(a) and 461 Name of Law: Banks and banking
  

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:
	71 FR 26763	05/08/2006
30-day Notice:	Federal Register Citation:	Citation Date:
	71 FR 41804	07/24/2006
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
Annual Report of Total Deposits and Reservable Liabilities (Commercial banks and state)	FR 2910a	Annual Report of Total Deposits and Reservable Liabilities
Annual Report of Total Deposits and Reservable Liabilities (Federal savings banks, S&Ls, and credit unions only)	FR 2910a	Annual Report of Total Deposits and Reservable Liabilities

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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	5,605	5,605	0	0	0	0
Annual Time Burden (Hours)	5,317	2,803	0	2,514	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: No

Burden Reduction Due to:

Short Statement: One of the proposed revisions replaces FR 2910a, data item 1, “Total Deposits” with “Total Transaction Accounts, Savings Deposits, and Small Time Deposits” effective in June 2007. This change could make it more difficult for credit unions, savings and loan institutions, and federally chartered savings banks to submit data on the FR 2910a because they are not required to submit small and large time deposits data as separate data items on their respective Call Reports. As a result, the estimated time per response for the 4,454 credit unions, savings and loan institutions, and federally chartered savings banks that submit FR 2910a data would increase from 30 minutes to 1 hour. In addition, the proposed revision to data item 1 would increase the estimated time per response for the 1,151 commercial banks, state chartered cooperative banks, and state chartered savings banks that submit FR 2910a data, from 30 minutes to 45 minutes. This increase in burden is due to the additional time it would take depository institutions to calculate the proposed data item 1. This proposed revision would increase the estimated FR 2910a annual burden, starting in 2007, from 2,803 to 5,317 hours, an increase of 2,514 hours, or less than 0.5 percent of the overall respondent burden for the deposit reports.

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Annual Cost to Federal Government: $158,805

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)? Uncollected

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: 09/15/2006

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