Consolidated Report of Condition and Income for Edge and Agreement Corporations

Forms and Documents

Document Name	Status
Form FR 2886b Reporting Banking Edge and agreement corporations (quarterly) Form	Modified
Form FR 2886b Recordkeeping Investment Edge and agreement corporations (annual) Form	New
Form FR 2886b Reporting Investment Edge and agreement corporations (annual) Form	Modified
Form FR 2886b Reporting Investment Edge and agreement corporations (quarterly) Form	Modified
FR2886b_20241226_omb.pdf Supporting Statement A	2024-12-26

IC Document Collections

IC ID	Document Title	Status
36084	Reporting Banking Edge and agreement corporations (quarterly) Form	Modified
272931	Recordkeeping Investment Edge and agreement corporations (annual) Form	New
272930	Recordkeeping Investment Edge and agreement corporations (quarterly) Instruction	New
272928	Recordkeeping Banking Edge and agreement corporations (quarterly) Instruction	New
187282	Reporting Investment Edge and agreement corporations (annual) Form	Modified
187280	Reporting Investment Edge and agreement corporations (quarterly) Form	Modified

ICR Details

OMB Control No: 7100-0086	ICR Reference No: 202412-7100-003
Status: Active	Previous ICR Reference No: 202412-7100-002
Agency/Subagency: FRS	Agency Tracking No: FR 2886b
Title: Consolidated Report of Condition and Income for Edge and Agreement Corporations
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Delegated
OIRA Conclusion Action: Approved without change	Conclusion Date: 12/26/2024
	Date Received in OIRA: 12/26/2024
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2027	36 Months From Approved	01/31/2025
Responses	214	0	107
Time Burden (Hours)	1,432	0	1,336
Cost Burden (Dollars)	0	0	0

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Abstract: The FR 2886b reporting form is filed quarterly or annually by Edge and agreement corporations (collectively, Edges or Edge corporations). The Board is responsible for authorizing, supervising, and assigning ratings to Edges. The Board and the Federal Reserve Banks use the data collected by the FR 2886b to supervise Edge corporations and to monitor and develop a better understanding of Edge activities.

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Authorizing Statute(s): US Code: 12 USC 601 Name of Law: Federal Reserve Act
   US Code: 12 USC 625 Name of Law: Federal Reserve Act
   US Code: 12 USC 602 Name of Law: Federal Reserve Act
   US Code: 12 USC 603 Name of Law: Federal Reserve Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	89 FR 48644	06/07/2024
30-day Notice:	Federal Register Citation:	Citation Date:
	89 FR 90284	11/15/2024
Did the Agency receive public comments on this ICR? Yes

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Number of Information Collection (IC) in this ICR: 6

IC Title	Form No.	Form Name
Recordkeeping Banking Edge and agreement corporations (quarterly)	FR 2886b	Consolidated Report of Condition and Income for Edge and Agreement Corporations
Recordkeeping Investment Edge and agreement corporations (annual)	FR 2886b	Consolidated Report of Condition and Income for Edge and Agreement Corporations
Recordkeeping Investment Edge and agreement corporations (quarterly)	FR 2886b	Consolidated Report of Condition and Income for Edge and Agreement Corporations
Reporting Banking Edge and agreement corporations (quarterly)	FR 2886b	Consolidated Report of Condition and Income for Edge and Agreement Corporations
Reporting Investment Edge and agreement corporations (annual)	FR 2886b	Consolidated Report of Condition and Income for Edge and Agreement Corporations
Reporting Investment Edge and agreement corporations (quarterly)	FR 2886b	Consolidated Report of Condition and Income for Edge and Agreement Corporations

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ICR Summary of Burden

	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	214	107	0	107	0	0
Annual Time Burden (Hours)	1,432	1,336	0	96	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The estimated total annual burden for the FR 2886b is 1,336 hours, and would increase to 1,432 hours with the revisions.

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Annual Cost to Federal Government: $95,900

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     Yes

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 12/26/2024

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