Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 62016 [2013-24431]

Agencies

• FEDERAL RESERVE SYSTEM

[Federal Register Volume 78, Number 198 (Friday, October 11, 2013)]
[Notices]
[Page 62016]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-24431]


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FEDERAL RESERVE SYSTEM


Agency Information Collection Activities: Announcement of Board 
Approval Under Delegated Authority and Submission to OMB

AGENCY: Board of Governors of the Federal Reserve System.

SUMMARY: Notice is hereby given of the final approval of a proposed 
information collection by the Board of Governors of the Federal Reserve 
System (Board) under OMB delegated authority, as per 5 CFR 1320.16 (OMB 
Regulations on Controlling Paperwork Burdens on the Public). 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 statement and 
approved collection of information instrument 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.

FOR FURTHER INFORMATION CONTACT:
Federal Reserve Board Clearance Officer--Cynthia Ayouch--Office of the 
Chief Data Officer, Board of Governors of the Federal Reserve System, 
Washington, DC 20551 (202) 452-3829. Telecommunications Device for the 
Deaf (TDD) users may contact (202) 263-4869, Board of Governors of the 
Federal Reserve System, Washington, DC 20551.
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.

    Final approval under OMB delegated authority of the extension for 
three years, with revision, of the following report:
    Report title: Intermittent Survey of Business.
    Agency form number: FR 1374.
    OMB control number: 7100-0302.
    Frequency: On occasion.
    Reporters: Businesses and state and local governments.
    Estimated annual reporting hours: 1,825 hours.
    Estimated average hours per response: 15 minutes.
    Number of respondents: 2410.
    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 economists, the 
Federal Reserve Banks survey business contacts as economic developments 
warrant. Currently, there are approximately 240 business respondents 
for each survey (about 20 per Reserve Bank); occasionally state and 
local government officials are called, in which case there are far 
fewer respondents. 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. Reserve Bank staff may also use online survey tools to 
collect responses to the survey. 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.
    Current Actions: On July 26, 2013, the Federal Reserve published a 
notice in the Federal Register (78 FR 45193) requesting public comment 
for 60 days on the proposal to extend, with revision, the Intermittent 
Survey of Business. The comment period for this notice expired on 
September 24, 2013. The Federal Reserve did not receive any comments. 
The revisions will be implemented as proposed.

    Board of Governors of the Federal Reserve System, October 3, 
2013.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2013-24431 Filed 10-10-13; 8:45 am]
BILLING CODE 6210-01-P