Reports of Deposits

ICR 202101-7100-003

OMB: 7100-0087

Federal Form Document

Forms and Documents
Document
Name
Status
Form
Removed
Form
Modified
Supporting Statement A
2021-01-23
IC Document Collections
IC ID
Document
Title
Status
45091 Removed
43167 Modified
217587 Removed
217586 Modified
217585 Removed
ICR Details
7100-0087 202101-7100-003
Active 202007-7100-009
FRS FR 2900
Reports of Deposits
Revision of a currently approved collection   No
Delegated
Approved without change 01/23/2021
Retrieve Notice of Action (NOA) 01/23/2021
  Inventory as of this Action Requested Previously Approved
01/31/2024 36 Months From Approved 01/31/2021
52,464 0 74,682
52,232 0 129,594
0 0 0

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
  
None

Not associated with rulemaking

  85 FR 54577 09/02/2020
85 FR 83555 12/22/2020
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 52,464 74,682 0 -29,081 6,863 0
Annual Time Burden (Hours) 52,232 129,594 0 -82,124 4,762 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
Yes
Miscellaneous Actions
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.
01/23/2021


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