OMB.report

Federal forms, ICRs, and supporting documents

Information Collection Request

Quarterly Report of Interest Rates on Selected Direct Consumer Installment Loans; Quarterly Report of Credit Card Plans

ICR 201805-7100-004 · OMB 7100-0085 · Active

Forms and Documents
DocumentTypeStatusAvailability
Form FR 2835 Quarterly Report of Interest Rates on Selected Direct Consumer Installment Loans Form Modified Available
Form FR 2835a Quarterly Report of Credit Card Plans Form Modified Available
FR2835_FR2835a_20180524_omb.pdf Supporting Statement A Uploaded 2018-05-24 Available
IC Document Collections
IC IDCollectionTypeStatusForm
36079 Quarterly Report of Interest Rates on Selected Direct Consumer Installment Loans Form Modified
188319 Quarterly Report of Credit Card Plans Form Modified
ICR Details
7100-0085 201805-7100-004
Active 201503-7100-008
FRS FR 2835; FR 2835a
Quarterly Report of Interest Rates on Selected Direct Consumer Installment Loans; Quarterly Report of Credit Card Plans
Extension without change of a currently approved collection   No
Delegated
Approved without change 05/24/2018
Retrieve Notice of Action (NOA) 05/24/2018
  Inventory as of this Action Requested Previously Approved
05/31/2021 36 Months From Approved 05/31/2018
800 0 800
274 0 274
0 0 0
The FR 2835 collects interest rates on loans for new vehicles and loans for other consumer goods and personal expenses from a sample of commercial banks and the FR 2835a collects interest rates, finance charges, and loan balances for credit card accounts from a sample of commercial banks. The data from these reports help the Federal Reserve analyze current household financial conditions and the implications of these conditions for household spending and, as such, these data provide valuable input to the monetary policymaking process. The data are also used to create aggregate statistics on consumer loan terms that are published in the Federal Reserve’s monthly statistical releases G.19, Consumer Credit, and G.20, Finance Companies; and in the Federal Reserve Bulletin. Some of the aggregates are used by the Federal Reserve in the calculation of the aggregate household debt service and financial obligations ratios for the Federal Reserve’s quarterly Financial Obligations statistical release and by the Bureau of Economic Analysis to calculate interest paid by households as part of the National Income and Product Accounts.
US Code: 12 USC 225a Name of Law: Federal Reserve Act
   US Code: 12 USC 248(a) Name of Law: Federal Reserve Act
  
None
Not associated with rulemaking
  83 FR 7475 02/21/2018
83 FR 22487 05/15/2018
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 800 800 0 0 0 0
Annual Time Burden (Hours) 274 274 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
$64,600
No
    No
    No
No
No
No
Uncollected
Lois Lawrence 202-452-2984 [email protected]
  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.
05/24/2018