[Federal Register Volume 75, Number 57 (Thursday, March 25, 2010)]
[Notices]
[Pages 14440-14441]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-6582]
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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
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 May 24, 2010.
ADDRESSES: You may submit comments, identified by FR 1375 or FR 4021 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.
[[Page 14441]]
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 discontinue under OMB delegated authority 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.
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: The Federal Reserve proposes to discontinue the FR
1375 survey as a result of (1) relocation of troops (survey
participants) due to the Defense Base Closure and Realignment program,
(2) cancellation of the two-day financial education course, and (3)
attrition of troops from the survey sample as they left the service.
Proposal to approve under OMB delegated authority the extension for
three years, without revision, of the following reports:
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 to 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.
Board of Governors of the Federal Reserve System, March 22,
2010.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 2010-6582 Filed 3-24-10; 8:45 am]
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