Annual Report of Deposits and Reservable Liabilities

ICR 200808-7100-006

OMB: 7100-0175

Federal Form Document

ICR Details
7100-0175 200808-7100-006
Historical Active 200807-7100-007
FRS FR 2910a
Annual Report of Deposits and Reservable Liabilities
Revision of a currently approved collection   No
Delegated
Approved without change 11/10/2008
Retrieve Notice of Action (NOA) 11/10/2008
  Inventory as of this Action Requested Previously Approved
09/30/2009 09/30/2009 09/30/2009
4,878 0 4,878
3,659 0 4,506
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 248a, 347d, 461, 603, and 615 Name of Law: Garn-St. Germain, Monetary Control Act, International Banking Act
  
None

Not associated with rulemaking

  73 FR 45222 08/04/2008
73 FR 61128 10/15/2008
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 4,878 4,878 0 -3,388 3,388 0
Annual Time Burden (Hours) 3,659 4,506 0 -3,388 2,541 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
Yes
Miscellaneous Actions
The reduction in burden is associated with a change to the commercial bank Consolidated Reports of Condition (FFIEC 031 and 041; OMB No. 7100-0036), the Thrift Financial Report (OTS 1313; OMB No. 1550-0023), and the Statement of Financial Condition (NCUA 5300/5300SF; OMB No. 3133-0004). During the 2006 renewal of the Reports of Deposits, the FR 2910a data item 1, Total Deposits, was revised to Total Transaction Accounts, Savings Deposits, and Small Time Deposits. The Federal Reserve estimated that it would be more time consuming for federally chartered savings banks, savings and loan institutions, and credit unions to submit data on their FR 2910a reports because, at the time, these institutions were not required to calculate small and large time deposits data for their respective Call Reports. However, by March 2007, all Call Reports required the submission of total and large time deposits data. Therefore, a higher burden calculation for federally chartered savings banks, savings and loan institutions, and credit unions is no longer necessary. The estimated time per response for the 3,388 federally chartered savings banks, savings and loan institutions, and credit unions has been reduced from 1 hour to 45 minutes to align with the estimated time per response for the remaining FR 2910a reporters.

$185,180
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.
11/10/2008


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