[Federal Register Volume 75, Number 109 (Tuesday, June 8, 2010)]
[Notices]
[Pages 32468-32469]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-13760]
=======================================================================
-----------------------------------------------------------------------
FEDERAL RESERVE SYSTEM
Agency Information Collection Activities: Announcement of Board
Approval Under Delegated Authority and Submission to OMB
SUMMARY: Background. Notice is hereby given of the final approval of
proposed information collections by the Board of Governors of the
Federal Reserve System (Board) under OMB delegated authority, as per 5
CFR 1320.16 (OMB Regulations on Controlling Paperwork Burdens on the
Public). Board-approved collections of information are incorporated
into the official OMB inventory of currently approved collections of
information. Copies of the Paperwork Reduction Act Submission,
supporting statements and approved collection of information
instrument(s) are placed into OMB's public docket files. The Federal
Reserve may not conduct or sponsor, and the respondent is not required
to respond to, an information collection that has been extended,
revised, or implemented on or after October 1, 1995, unless it displays
a currently valid OMB control number.
FOR FURTHER INFORMATION CONTACT: Federal Reserve Board Clearance
Officer--Michelle Shore--Division of Research and Statistics, Board of
Governors of the Federal Reserve System, Washington, DC 20551 (202-452-
3829).
OMB Desk Officer--Shagufta Ahmed--Office of Information and
Regulatory Affairs, Office of Management and Budget, New Executive
Office Building, Room 10235, Washington, DC 20503.
Final approval under OMB delegated authority to discontinue the
following report:
Report title: Survey of Financial Management Behaviors of Military
Personnel.
Agency form number: FR 1375.
OMB control number: 7100-0307.
Frequency: Semi-annually.
Reporters: Military personnel.
Estimated annual reporting hours: 2,640 hours.
[[Page 32469]]
Estimated average hours per response: 20 minutes.
Number of respondents: 4,000.
General description of report: This information collection is
voluntary. The statutory basis for collecting this information
includes: The Truth in Lending Act, 15 U.S.C. 1604(a), The Truth in
Savings Act, 12 U.S.C. 4308(a), the Equal Credit Opportunity Act, 15
U.S.C. 1691b, and the Fair Credit Reporting Act, 15 U.S.C. 1681m(h)(6),
1681s(e)(1). Further, under the Truth in Lending Act, the Board is
required to report annually to Congress and make recommendations
concerning the Act, 15 U.S.C. 1613. Respondent participation in the
survey is voluntary. No issue of confidentiality normally arises
because names and any other characteristics that would permit personal
identification of respondents are not reported to the Board.
Abstract: This survey, which was implemented in 2004, gathers data
from two groups of military personnel: (1) Those completing a financial
education course as part of their advanced individualized training and
(2) those not completing a financial education course. These two groups
are surveyed on their financial management behaviors and changes in
their financial situations over time. Data from the survey help to
determine the effectiveness of financial education for young adults in
the military and the durability of the effects as measured by financial
status of those receiving financial education early in their military
careers.
Current Actions: On March 25, 2010, the Federal Reserve published a
notice in the Federal Register (75 FR 14440) seeking public comment for
60 days on the discontinuance of the Survey of Financial Management
Behaviors of Military Personnel. The comment period for this notice
expired on May 24, 2010. The Federal Reserve did not receive any
comments.
Final approval under OMB delegated authority of the extension for
three years, without revision, of the following report:
Report title: Notification of Nonfinancial Data Processing
Activities.
Agency form number: FR 4021.
OMB control number: 7100-0306.
Frequency: On occasion.
Reporters: Bank holding companies.
Estimated annual reporting hours: 4 hours.
Estimated average hours per response: 2 hours.
Number of respondents: 2.
General description of report: This information collection is
required to obtain a benefit. (12 U.S.C. 1843(c)(8), (j) and (k)) and
may be given confidential treatment upon request (5 U.S.C. 552(b)(4)).
Abstract: Bank holding companies submit this notification to
request permission to administer the 49-percent revenue limit on
nonfinancial data processing activities on a business-line or multiple-
entity basis. A request may be filed in a letter form; there is no
reporting form for this information collection.
Current Actions: On March 25, 2010, the Federal Reserve published a
notice in the Federal Register (75 FR 14440) seeking public comment for
60 days on the proposal to extend, without revision, the Notification
of Nonfinancial Data Processing Activities. The comment period for this
notice expired on May 24, 2010. The Federal Reserve did not receive any
comments.
Board of Governors of the Federal Reserve System, June 3, 2010.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 2010-13760 Filed 6-7-10; 8:45 am]
BILLING CODE 6210-01-P