The information collection associated
with the Board’s Regulation W - Transactions Between Member Banks
and Their Affiliates (12 CFR part 223) is triggered by specific
events, and there are no associated reporting forms. Filings are
required from insured depository institutions and uninsured member
banks that seek to request certain exemptions from the requirements
of sections 23A and 23B. This information collection is separate
from the quarterly Holding Company Report of Insured Depository
Institutions’ Section 23A Transactions with Affiliates (FR Y-8; OMB
No. 7100-0126), which collects information on transactions between
an insured depository institution and its affiliates that are
subject to section 23A of the Federal Reserve Act.
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.