[Federal Register Volume 75, Number 223 (Friday, November 19, 2010)]
[Notices]
[Pages 70919-70921]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-29188]
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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 collections, which are being handled
under this delegated authority, have received initial Board approval
and are hereby published for comment. At the end of the comment period,
the proposed information collections, 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 January 18, 2011.
ADDRESSES: You may submit comments, identified by FR 28, FR H-5, or FR
3016, by any of the following methods:
Agency Web Site: http:[sol][sol]www.federalreserve.gov.
Follow the instructions for submitting comments at
http:[sol][sol]www.federalreserve.gov[sol]generalinfo[sol]foia[sol]Propo
sedRegs.cfm.
Federal eRulemaking Portal:
http:[sol][sol]www.regulations.gov. Follow the instructions for
submitting comments.
E-mail: [email protected]. Include docket
[[Page 70920]]
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:[sol][sol]www.federalreserve.gov[sol]generalinfo[sol]foia[sol]Propo
sedRegs.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:[sol][sol]www.federalreserve.gov[sol]boarddocs[sol]reportforms[sol]
review.cfm or may be requested from the agency clearance officer, whose
name appears below.
Cindy Ayouch, Acting 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), Board of
Governors of the Federal Reserve System, Washington, DC 20551.
Proposal to approve under OMB delegated authority the extension for
three years, without revision, of the following report:
Report title: Recordkeeping Requirements Associated with the Real
Estate Lending Standards Regulation for State Member Banks.
Agency form number: Reg H-5.
OMB control number: 7100-0261.
Frequency: Aggregate report, quarterly; policy statement, annually.
Reporters: State member banks.
Estimated annual reporting hours: 16,860 hours.
Estimated average hours per response: Aggregate report: 5 hours;
Policy statement: 20 hours.
Number of respondents: 843.
General description of report: This information collection is
mandatory pursuant to section 304 of the Federal Deposit Insurance
Corporation Improvement Act of 1991 (FDICIA) (12 U.S.C. 1828(o)) which
authorizes the Federal Reserve to require the recordkeeping
requirements associated with the Board's Regulation H (12 CFR 208.51).
Since the information is not collected by the Federal Reserve, no issue
of confidentiality under the Freedom of Information Act (FOIA) arises.
However, information gathered by the Federal Reserve during
examinations of state member banks would be deemed exempt from
disclosure under exemption 8 of FOIA. 5 U.S.C. 552(b)(8). In addition,
exemptions 4 and 6 of FOIA, (5 U.S.C. 552(b)(4) and (b)(6)) also may
apply to certain data (specifically, individual loans identified as in
excess of supervisory loan-to-value limits) collected in response to
these requirements if gathered by the Federal Reserve, depending on the
particular circumstances. These exemptions relate to confidential
commercial and financial information, and personal information,
respectively. Applicability of these exemptions would be determined on
a case-by-case basis.
Abstract: State member banks must adopt and maintain a written real
estate lending policy. Also, banks must identify their loans in excess
of the supervisory loan-to-value limits and report (at least quarterly)
the aggregate amount of the loans to the bank's board of directors.
Proposal to approve under OMB delegated authority the extension for
three years, with minor revision, of the following reports:
1. Report title: Application for Employment with the Board of
Governors of the Federal Reserve System.
Agency form numbers: FR 28, FR 28s, FR 28i.
OMB control number: 7100-0181.
Frequency: On Occasion.
Reporters: Employment applicants.
Annual reporting hours: 3,558 hours.
Estimated average hours per response: FR 28: 1 hour; FR 28s: 1
minute; FR 28i: 5 minutes.
Number of respondents: FR 28: 3,500; FR 28s: 2,000; FR 28i: 300.
General description of report: This information collection is
required to obtain a benefit and is authorized pursuant to Sections 10
and 11 of the Federal Reserve Act (12 U.S.C. 244 and 248(1)).
Information provided will be kept confidential under exemption (b)(6)
of the FOIA to the extent that the disclosure of information ``would
constitute a clearly unwarranted invasion of personal privacy.'' 5
U.S.C. 552(b)(6).
Abstract: The Application collects information to determine the
qualifications and availability of applicants for employment with the
Board such as information on education and training, employment record,
military service record, and other information since the time the
applicant left high school. Included with the Application are two
supplemental questionnaires: (1) The Applicant's Voluntary Self-
Identification Form (FR 28s), which collects information on the
applicant's gender and ethnic group and (2) The Research Assistant
Candidate Survey of Interests (FR 28i), which collects information from
candidates applying for Research Assistant positions on their level of
interest in economics and related areas.
Current Actions: The Federal Reserve proposes minor revision to the
FR 28i by (1) expanding the list of research topics of interest to
candidates, (2) updating the list of software packages and statistical
languages used by candidates, and (3) eliminating the portion of the
survey that asks for the future objective of the candidates.
2. Report title: Ongoing Intermittent Survey of Households.
Agency form numbers: FR 3016.
OMB control number: 7100-0150.
Frequency: On Occasion.
Reporters: Households and individuals.
Annual reporting hours: 633 hours.
Estimated average hours per response: Division of Research &
Statistics, 1.58 minutes; Division of Consumer & Community Affairs
(DCCA), 3 minutes; Other divisions, 5 minutes; and Non-SRC surveys, 90
minutes.
Number of respondents: 500.
General description of report: This information collection is
voluntary (12 U.S.C. 225a, 263 and 15 U.S.C. 1691b). No issue of
confidentiality normally arises because names and any other
characteristics that would permit personal identification of
respondents are not reported to the Federal Reserve Board. However,
exemption 6 of the FOIA (5 U.S.C. 552(b)(6)) would exempt this
information from disclosure.
Abstract: The Federal Reserve uses this voluntary survey to obtain
household-based information specifically tailored to the Federal
Reserve's policy, regulatory, and operational responsibilities.
Currently, the University of Michigan's Survey
[[Page 70921]]
Research Center (SRC) includes survey questions on behalf of the
Federal Reserve in an addendum to their regular monthly Survey of
Consumer Attitudes and Expectations. The SRC conducts the survey by
telephone with a sample of 500 households and asks questions of special
interest to the Federal Reserve intermittently, as needed. The
frequency and content of the questions depend on changing economic,
regulatory, and legislative developments. The Federal Reserve primarily
uses the survey to study consumer financial decisions, attitudes, and
payment behavior.
Current Actions: The Federal Reserve proposes to revise the FR 3016
by decreasing the number of SRC surveys that would be conducted per
year by DCCA from four to two. This decrease is due to DCCA's
restructuring of its research function as a result of the Dodd-Frank
Wall Street Reform and Consumer Protection Act.
Board of Governors of the Federal Reserve System, November 16,
2010.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 2010-29188 Filed 11-18-10; 8:45 am]
BILLING CODE 6210-01-P