[Federal Register Volume 75, Number 114 (Tuesday, June 15, 2010)]
[Notices]
[Pages 33805-33806]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-14310]
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FEDERAL RESERVE SYSTEM
Proposed Agency Information Collection Activities; Comment
Request
AGENCY: Board of Governors of the Federal Reserve System.
SUMMARY: Background. On June 15, 1984, the Office of Management and
Budget (OMB) delegated to the Board of Governors of the Federal Reserve
System (Board) its approval authority under the Paperwork Reduction Act
(PRA), as per 5 CFR 1320.16, to approve of and assign OMB control
numbers to collection of information requests and requirements
conducted or sponsored by the Board under conditions set forth in 5 CFR
part 1320 Appendix A.1. 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 instruments 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.
Request for Comment on Information Collection Proposals
The following information collection, which is being handled under
this delegated authority, has received initial Board approval and is
hereby published for comment. At the end of the comment period, the
proposed information collection, along with an analysis of comments and
recommendations received, will be submitted to the Board for final
approval under OMB delegated authority. Comments are invited on the
following:
a. Whether the proposed collection of information is necessary for
the proper performance of the Federal Reserve's functions; including
whether the information has practical utility;
b. The accuracy of the Federal Reserve's estimate of the burden of
the proposed 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; and
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.
DATES: Comments must be submitted on or before August 16, 2010.
ADDRESSES: You may submit comments, identified by FR 1374 by any of the
following methods:
Agency Web site: http://www.federalreserve.gov. Follow the
instructions for submitting comments at http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm.
Federal eRulemaking Portal: http://www.regulations.gov.
Follow the instructions for submitting comments.
E-mail: [email protected]. Include the OMB
control number in the subject line of the message.
FAX: 202-452-3819 or 202-452-3102.
Mail: Jennifer J. Johnson, Secretary, Board of Governors
of the Federal Reserve System, 20th Street and Constitution Avenue,
NW., Washington, DC 20551.
All public comments are available from the Board's Web site at
http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm as
submitted, unless modified for technical reasons. Accordingly, your
comments will not be edited to remove any identifying or contact
information. Public comments may also be viewed electronically or in
paper form in Room MP-500 of the Board's Martin Building (20th and C
Streets, NW.) between 9 a.m. and 5 p.m. on weekdays.
Additionally, commenters should send a copy of their comments to
the OMB Desk Officer by mail to the Office of Information and
Regulatory Affairs, U.S. 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: A copy of the PRA OMB submission,
including the proposed reporting form and instructions, supporting
statement, and other documentation will be placed into OMB's public
docket files, once approved. These documents will also be made
available on the Federal Reserve Board's public Web site at: http://www.federalreserve.gov/boarddocs/reportforms/review.cfm or may be
requested from the agency clearance officer, whose name appears below.
Michelle Shore, Federal Reserve Board Clearance Officer (202-452-
3829), Division of Research and Statistics, Board of Governors of the
Federal Reserve System, Washington, DC 20551. Telecommunications Device
for the Deaf (TDD) users may contact (202-263-4869).
Proposal to approve under OMB delegated authority the extension for
three years, with revision, of the following report:
Report title: Intermittent Survey of Businesses.
Agency form number: FR 1374.
OMB control number: 7100-0302.
Frequency: On occasion.
Reporters: Businesses and state and local governments.
Estimated annual reporting hours: 205 hours.
[[Page 33806]]
Estimated average hours per response: 15 minutes.
Number of respondents: 250.
General description of report: This information collection is
voluntary (12 U.S.C. 225a and 263) and may be given confidential
treatment (5 U.S.C. 552(b)(4)).
Abstract: The survey data are used by the Federal Reserve to gather
information specifically tailored to the Federal Reserve's policy and
operational responsibilities. There are two parts to this event-
generated survey. First, under the guidance of Board staff, the Federal
Reserve Banks survey business contacts as economic developments
warrant. Currently, they conduct these surveys as part of their usual
Beige Book \1\ process as needed, with approximately 240 business
respondents for each survey (about 20 per Reserve Bank). It is
necessary to conduct these surveys to provide timely information to the
members of the Board and to the presidents of the Reserve Banks.
Usually, these surveys are conducted by Reserve Bank staff economists
telephoning or emailing purchasing managers, economists, or other
knowledgeable individuals at selected, relevant businesses. The
frequency and content of the questions, as well as the entities
contacted, vary depending on developments in the economy. Second,
economists at the Board survey business contacts by telephone,
inquiring about current business conditions. Board economists conduct
these surveys as economic conditions require, with approximately ten
respondents for each survey.
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\1\ http://www.federalreserve.gov/fomc/beigebook/2010/.
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Current actions: The Federal Reserve proposes to revise the panel
to include state and local governments as economic conditions may
warrant. Given that state and local governments now account for about
12 percent of total Gross Domestic Product, it may be important at
times to survey these governments for up-to-date information about
developments in this sector.
Board of Governors of the Federal Reserve System, June 10, 2010.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 2010-14310 Filed 6-14-10; 8:45 am]
BILLING CODE 6210-01-P