[Federal Register Volume 85, Number 71 (Monday, April 13, 2020)]
[Notices]
[Pages 20495-20496]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-07740]


=======================================================================
-----------------------------------------------------------------------

FEDERAL RESERVE SYSTEM


Proposed Agency Information Collection Activities; Comment 
Request

AGENCY: Board of Governors of the Federal Reserve System.

ACTION: Notice, request for comment.

-----------------------------------------------------------------------

SUMMARY: The Board of Governors of the Federal Reserve System (Board) 
invites comment on a proposal to extend for three years, without 
revision, the Ongoing Intermittent Survey of Households (FR 3016; OMB 
No. 7100-0150).

DATES: Comments must be submitted on or before June 12, 2020.

ADDRESSES: You may submit comments, identified by FR 3016, 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.
     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: Ongoing Intermittent Survey of Households.
    Agency form number: FR 3016.
    OMB control number: 7100-0150.
    Frequency: Monthly.
    Respondents: Individuals and households.
    Estimated number of respondents: 500.
    Estimated average hours per response: 1.6 minutes.
    Estimated annual burden hours: 160.
    General description of report: The Board uses the Ongoing 
Intermittent Survey of Households survey to study consumer financial 
decisions, attitudes, and payment behavior. The Board has a contract 
with the University of Michigan's Survey Research Center (SRC) to 
include survey questions on behalf of the Board in an addendum to the 
SRC's regular monthly Survey of Consumer Attitudes and Expectations. 
The SRC conducts the survey by telephone with a sample of 500 
households and includes questions of special interest to the Board.
    Legal authorization and confidentiality: The FR 3016 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.'' \1\ 
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.'' \2\ The information collection under the FR 3016 is used to 
fulfill

[[Page 20496]]

these obligations. Survey submissions under the FR 3016 are voluntary.
---------------------------------------------------------------------------

    \1\ 12 U.S.C. 225a.
    \2\ 12 U.S.C. 263(c).
---------------------------------------------------------------------------

    Location information associated with individual responses to the FR 
3016 may be kept confidential under exemption 6 of the Freedom of 
Information Act (``FOIA''),\3\ which protects information ``the 
disclosure of which would constitute a clearly unwarranted invasion of 
personal privacy.'' Individual responses to other data fields from the 
FR 3016 may be kept confidential on a case-by-case basis. The Board 
will consider whether information collected through these surveys may 
be kept confidential under FOIA exemption 6, or any other applicable 
FOIA exemption.
---------------------------------------------------------------------------

    \3\ 5 U.S.C. 552(b)(6).

    Board of Governors of the Federal Reserve System, April 8, 2020.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2020-07740 Filed 4-10-20; 8:45 am]
 BILLING CODE 6210-01-P