[Federal Register Volume 85, Number 91 (Monday, May 11, 2020)]
[Notices]
[Pages 27740-27742]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-09939]
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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, without
revision, the ad hoc clearance for Surveys of Consumer and Community
Affairs Publications and Resources (FR 1378; OMB No. 7100-0358).
DATES: Comments must be submitted on or before July 10, 2020.
ADDRESSES: You may submit comments, identified by FR 1378, by any of
the following methods:
Agency Website: https://www.federalreserve.gov/. Follow
the instructions for submitting comments at https://www.federalreserve.gov/apps/foia/proposedregs.aspx.
Email: [email protected]. Include the OMB
number in the subject line of the message.
Fax: (202) 452-3819 or (202) 452-3102.
[[Page 27741]]
Mail: Ann E. Misback, 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 website at
https://www.federalreserve.gov/apps/foia/proposedregs.aspx as
submitted, unless modified for technical reasons or to remove
personally identifiable information at the commenter's request.
Accordingly, comments will not be edited to remove any identifying or
contact information. Public comments may also be viewed electronically
or in paper in Room 146, 1709 New York Avenue NW, Washington, DC 20006,
between 9:00 a.m. and 5:00 p.m. on weekdays. For security reasons, the
Board requires that visitors make an appointment to inspect comments.
You may do so by calling (202) 452-3684. Upon arrival, visitors will be
required to present valid government-issued photo identification and to
submit to security screening in order to inspect and photocopy
comments.
Additionally, commenters may send a copy of their comments to the
Office of Management and Budget (OMB) Desk Officer--Shagufta Ahmed--
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: A copy of the Paperwork Reduction Act
(PRA) OMB submission, including the reporting form and instructions,
supporting statement, and other documentation will be placed into OMB's
public docket files, if approved. These documents will also be made
available on the Board's public website at https://www.federalreserve.gov/apps/reportforms/review.aspx or may be requested
from the agency clearance officer, whose name appears below.
Federal Reserve Board Clearance Officer--Nuha Elmaghrabi--Office of
the Chief Data Officer, Board of Governors of the Federal Reserve
System, Washington, DC 20551, (202) 452-3829.
SUPPLEMENTARY INFORMATION: On June 15, 1984, OMB delegated to the Board
authority under the 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.
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 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,
Without Revision, the Following Information Collection
Report title: Surveys of Consumer and Community Affairs
Publications and Resources.
Agency form number: FR 1378.
OMB control number: 7100-0358.
Frequency: As needed.
Respondents: Individuals, businesses, non-profit institutions,
government entities, and other Board stakeholders.
Estimated number of respondents: Consumer surveys, quantitative:
1,000; consumer surveys, qualitative: 50; stakeholder surveys,
quantitative: 800; stakeholder surveys, qualitative: 50.
Estimated average hours per response: Consumer surveys,
quantitative: 0.25; consumer surveys, qualitative: 1.5; stakeholder
surveys, quantitative: 0.25; stakeholder surveys, qualitative: 1.5.
Estimated annual burden hours: Consumer surveys, quantitative: 500;
consumer surveys, qualitative: 300; stakeholder surveys, quantitative:
1,200; stakeholder surveys, qualitative: 300; total: 2,300.
General description of report: The Board uses this collection to
seek input from users or potential users of the Board's publications,
resources, and conference materials to understand their interests and
needs; to inform decisions concerning content, design, and
dissemination strategies; to gauge public awareness of the Board's
publications, resources, and conferences; and to assess the
effectiveness of the Board's communications with various respondents.
The surveys in this collection are used to gather qualitative and
quantitative information directly from users or potential users of
Board publications, resources, and conference materials, such as
consumers (consumer surveys) and stakeholders (stakeholder surveys).
Stakeholders may include, but are not limited to, nonprofits, community
development organizations, consumer groups, conference attendees,
financial institutions and other financial companies offering consumer
financial products and services, other for profit companies, state or
local agencies, and researchers from academic, government, policy, and
other institutions.
The frequency of the survey and content of the questions will vary
as needs arise for feedback on different resources and from different
audiences.
Legal authorization and confidentiality: The FR 1378 is authorized
by sections 2A and 12A of the Federal Reserve Act (FRA). Section 2A of
the FRA requires that the Board and the Federal Open Market Committee
(FOMC) ``maintain long run growth of the monetary and credit aggregates
commensurate with the economy's long run potential to increase
production, so as to promote effectively the goals of the maximum
employment, stable prices, and moderate long-term interest rates.''
Under section 12A of the FRA, the FOMC is required to implement
regulations relating to the open market operations conducted by Federal
Reserve Banks ``with a view to accommodating commerce and business and
with regard to their bearing upon the general credit situation of the
country.'' The information collection under the FR 1378 is used to
fulfill these obligations.
In addition, the Board is responsible for implementing and drafting
regulations and interpretations for various consumer protection laws.
The information obtained from the FR 1378 may be used in support of the
Board's development and implementation of regulatory provisions for
these laws. Therefore, depending on the survey questions asked, the FR
1378 may be authorized pursuant to the Board's authority under one or
more of those consumer protection statutes.
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The information collected under FR 1378 is not confidential.
Board of Governors of the Federal Reserve System, May 5, 2020.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2020-09939 Filed 5-8-20; 8:45 am]
BILLING CODE 6210-01-P