Notice2026-06970
Proposed Agency Information Collection Activities; Comment Request
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
April 10, 2026
Issuing agencies
Federal Reserve System
Abstract
The Board of Governors of the Federal Reserve System (Board) invites comment on a proposal to extend for three years, with revision, the Survey of Small Business and Farm Lending (FR 2028; OMB No. 7100- 0061).
Full Text
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<title>Federal Register, Volume 91 Issue 69 (Friday, April 10, 2026)</title>
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[Federal Register Volume 91, Number 69 (Friday, April 10, 2026)]
[Notices]
[Pages 18460-18461]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-06970]
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FEDERAL RESERVE SYSTEM
Proposed Agency Information Collection Activities; Comment
Request
AGENCY: Board of Governors of the Federal Reserve System.
ACTION: Notice, request for comment.
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SUMMARY: The Board of Governors of the Federal Reserve System (Board)
invites comment on a proposal to extend for three years, with revision,
the Survey of Small Business and Farm Lending (FR 2028; OMB No. 7100-
0061).
DATES: Comments must be submitted on or before June 9, 2026.
ADDRESSES: You may submit comments, identified by FR 2028, by any of
the following methods:
<bullet> Agency Website: <a href="https://www.federalreserve.gov/apps/proposals/">https://www.federalreserve.gov/apps/proposals/</a>. Follow the instructions for submitting comments, including
attachments. Preferred Method.
<bullet> Mail: Benjamin W. McDonough, Secretary, Board of Governors
of the Federal Reserve System, 20th Street and Constitution Avenue NW,
Washington, DC 20551.
<bullet> Hand Delivery/Courier: Same as mailing address.
<bullet> Other Means: <a href="/cdn-cgi/l/email-protection#86f6f3e4eaefe5e5e9ebebe3e8f2f5c6e0f4e4a8e1e9f0"><span class="__cf_email__" data-cfemail="7c0c091e10151f1f1311111912080f3c1a0e1e521b130a">[email protected]</span></a>. You must include the
OMB number or the FR number in the subject line of the message.
Comments received are subject to public disclosure. In general,
comments received will be made available on the Board's website at
<a href="https://www.federalreserve.gov/apps/proposals/">https://www.federalreserve.gov/apps/proposals/</a> without change and will
not be modified to remove personal or business information including
confidential, contact, or other identifying information. Comments
should not include any information such as confidential information
that would not be appropriate for public disclosure. Public comments
may also be viewed electronically or in person in Room M-4365A, 2001 C
St. NW, Washington, DC 20551, between 9 a.m. and 5 p.m. during Federal
business weekdays.
Additionally, commenters may send a copy of their comments to the
Office of Management and Budget (OMB) Desk Officer for the Federal
Reserve Board, Office of Information and Regulatory Affairs, Office of
Management and Budget, New Executive Office Building, Room 10235, 725
17th Street NW, Washington, DC 20503, or by fax to (202) 395-6974.
FOR FURTHER INFORMATION CONTACT: Federal Reserve Board Clearance
Officer--Nuha Elmaghrabi--Office of the Chief Data Officer, Board of
Governors of the Federal Reserve System, <a href="/cdn-cgi/l/email-protection#5b352e333a753e37363a3c33293a39321b3d2939753c342d"><span class="__cf_email__" data-cfemail="9bf5eef3fab5fef7f6fafcf3e9faf9f2dbfde9f9b5fcf4ed">[email protected]</span></a>, (202)
452-3884.
SUPPLEMENTARY INFORMATION: On June 15, 1984, OMB delegated to the Board
authority under the Paperwork Reduction Act (PRA) to approve and assign
OMB control numbers to collections of information conducted or
sponsored by the Board. In exercising this delegated authority, the
Board is directed to take every reasonable step to solicit comment. In
determining whether to approve a collection of information, the Board
will consider all comments received from the public and other agencies.
During the comment period for this proposal, a copy of the proposed
PRA OMB submission, including the draft reporting form and
instructions, supporting statement (which contains more detail about
the information collection and burden estimates than this notice), and
other documentation, will be made available on the Board's public
website at <a href="https://www.federalreserve.gov/apps/reportingforms/review">https://www.federalreserve.gov/apps/reportingforms/review</a> or
may be requested from the agency clearance officer, whose name appears
above. On the page displayed at the link above, you can find the
supporting information by referencing the collection identifier, FR
2028. Final versions of these documents will be made available at
<a href="https://www.reginfo.gov/public/do/PRAMain">https://www.reginfo.gov/public/do/PRAMain</a>, if approved.
Request for Comment on Information Collection Proposal
The Board invites public comment on the following information
collection, which is being reviewed under authority delegated by the
OMB under the PRA. Comments are invited on the following:
a. Whether the proposed collection of information is necessary for
the proper performance of the Board's functions, including whether the
information has practical utility;
b. The accuracy of the Board's estimate of the burden of the
proposed
[[Page 18461]]
information collection, including the validity of the methodology and
assumptions used;
c. Ways to enhance the quality, utility, and clarity of the
information to be collected;
d. Ways to minimize the burden of information collection on
respondents, including through the use of automated collection
techniques or other forms of information technology; and
e. Estimates of capital or startup costs and costs of operation,
maintenance, and purchase of services to provide information.
At the end of the comment period, the comments and recommendations
received will be analyzed to determine the extent to which the Board
should modify the proposal.
Proposal Under OMB Delegated Authority To Extend for Three Years, With
Revision, the Following Information Collection
Collection title: Survey of Small Business and Farm Lending.
Collection identifier: FR 2028.
OMB control number: 7100-0061.
General description of collection: The Survey of Small Business and
Farm Lending (SSBFL) comprises the following three reports:
<bullet> Survey of Terms of Bank Lending to Farmers (FR 2028B),
<bullet> Prime Rate Supplement of Survey of Terms of Lending (FR
2028S), and
<bullet> Small Business Lending Survey (FR 2028D).
The SSBFL collects unique information concerning price and certain
nonprice terms of loans made to businesses and farmers each quarter
from a sample of banks. The FR 2028B collects detailed data on
individual farm loans funded during the first full business week of the
mid-month of each quarter (February, May, August, and November) and the
FR 2028S collects the prime interest rate for each day of the survey
week. From these sample farm loan data, estimates of the terms of farm
loans extended are constructed and published in the Federal Reserve
Bank of Kansas City's quarterly release, National Survey of Terms of
Lending to Farmers. The FR 2028D provides focused and enhanced
information on nonfarm small business lending including rates, terms,
credit availability, and reasons for their changes. The FR 2028D
collects quarterly average quantitative data on terms of small business
loans and qualitative information on changes and the reasons for
changes in the terms of lending. Aggregate data for small business
loans are published in the Federal Reserve Bank of Kansas City's
quarterly release, Small Business Lending Survey.
Proposed revisions: The Federal Reserve proposes to revise the FR
2028B form and instructions. The proposed revisions consist of
combining the two separate report forms (FR 2028B and FR 2028S) into a
single report form and instructions (FR 2028B). In addition, an email
address field would be added to the respondent contact information
section and a ``no loans to report'' indicator field would be added to
the combined report. The Federal Reserve proposes these revisions in
efforts to simplify the submission of these reporting series. The
revisions would be effective for the August 3, 2026, as of date, with
the transmission period beginning on August 10, 2026, based on loan
activity during the first week of August 2026.
FR 2028B Additions
Additions to the FR 2028B form include the integration of the FR
2028S line items into the report. Two additional line items would be
added to the FR 2028B report in an effort to reduce administrative and
respondent burden. An email field would be added to the respondent
contact information section and a ``no loans to report'' indicator
field would be added to reduce respondent burden from current outreach
procedures in efforts to reduce redundant communication.
FR 2028S Deletions
The FR 2028S report would be discontinued and integrated into the
FR 2028B report. The combination of reports is aimed at reducing burden
for respondents.
FR 2028D Clarifications
The Federal Reserve proposes to revise the FR 2028D instructions,
effective for the September 30, 2026, as of date with the transmission
period beginning on October 1, 2026, based on loan activity over the
third quarter 2026. The revisions would add clarity in reporting
instructions and requirements, and improve data quality. These proposed
revisions include clarifying the instructions for items 5e and 7e, with
respect to the meaning of ``maximum maturity'' and for items 6 and 8,
with respect to the meaning of ``commitment.'' These wording changes
are proposed to the instructions to add clarity to respondents as they
complete the survey and improve data quality in response to feedback
from respondents.
Frequency: Quarterly.
Respondents: The FR 2028B and FR 2028S panels have an authorized
size of 250 domestically chartered commercial banks. The panel of banks
has been drawn from a random sample of banks stratified according to
farm loan volumes since 1989. The authorized panel for the FR 2028D
panel is 398 domestically chartered commercial banks. The size is based
on obtaining survey results with a 95% confidence level and 5% standard
error, allowing for a 10% nonresponse rate. The panel of banks is a
random sample of banks stratified according to the dollar volumes of
commercial and industrial loans with original amounts of $1,000,000 or
less.
Total estimated number of respondents:
FR 2028B--250.
FR 2028D--398.
Estimated average hours per response:
FR 2028B--1.45.
FR 2028D--2.75.
Total estimated change in burden: 0.
Total estimated annual burden hours: 5,828.
Board of Governors of the Federal Reserve System, April 8, 2026.
Erin M. Cayce,
Assistant Secretary of the Board.
[FR Doc. 2026-06970 Filed 4-9-26; 8:45 am]
BILLING CODE 6210-01-P
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