The Reports of Deposits information
collection comprises the following four reports: Report of
Transaction Accounts, Other Deposits, and Vault Cash (FR 2900),
Annual Report of Deposits and Reservable Liabilities (FR 2910a),
Report of Foreign (Non-U.S.) Currency Deposits (FR 2915), and
Allocation of Low Reserve Tranche and Reservable Liabilities
Exemption (FR 2930). The FR 2900 report is filed by depository
institutions and is the primary source of data used for the
calculation of reserve requirements and for the construction and
analysis of the monetary aggregates. The FR 2910a report is also
filed by depository institutions and is used to determine who must
file the FR 2900. The FR 2915 report is filed by any FR 2900
reporter that offers deposits denominated in foreign currencies at
their U.S. offices; this report is used by the Board in the
constructon of the monetary aggregates. The FR 2930 report is filed
by depository institutions with offices (or groups of offices) in
more than one state or Federal Reserve District with data to be
used in the calculation of reserve requirements.
US Code:
12 USC 3105(c)(2) Name of Law: International Banking Act of
1978
US Code:
12 USC 248(a)(2) Name of Law: Federal Reserve Act
US Code: 12
USC 603 Name of Law: Federal Reserve Act
US Code: 12
USC 604a Name of Law: Federal Reserve Act
US Code: 12
USC 625 Name of Law: Federal Reserve Act
The estimated total annual
burden for the Reports of Deposits is 134,356 hours, and would
decrease to 52,232 hours with the revisions. The reduction in the
estimated burden is largely due to the discontinuance of the FR
2900 quarterly, FR 2910a, and FR 2930 information collections. In
addition, the estimated hours per response for the FR 2900 (weekly)
has been revised down (1 hour and 15 minutes to 1 hour) to reflect
the reduction in the number of daily items collected. The number of
respondents documented in the table below were calculated using
data available as of June 1, 2020.
$4,087,700
No
Yes
No
No
No
No
Yes
Brenda Simms 202 475-6340
brenda.simms@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.