Annual Report of Total Deposits and Reservable Liabilities

ICR 200609-7100-003

OMB: 7100-0175

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2006-09-06
ICR Details
7100-0175 200609-7100-003
Historical Active 200605-7100-008
FRS FR 2910a
Annual Report of Total Deposits and Reservable Liabilities
Revision of a currently approved collection   No
Delegated
Approved without change 09/15/2006
Retrieve Notice of Action (NOA) 09/15/2006
  Inventory as of this Action Requested Previously Approved
09/30/2009 36 Months From Approved 09/30/2006
5,605 0 5,605
5,317 0 2,803
0 0 0

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.

US Code: 12 USC 248(a) and 461 Name of Law: Banks and banking
  
None

Not associated with rulemaking

  71 FR 26763 05/08/2006
71 FR 41804 07/24/2006
No

  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
Yes
Miscellaneous Actions
No
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.

$158,805
No
No
Uncollected
Uncollected
Uncollected
Uncollected
Nicole Padar 202-530-6294 Nicole.S.Padar@frb.gov

  No

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:
 
 
 
 
 
 
 
    (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;
 
 
 
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.
09/15/2006


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