Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 22332-22335 [2017-09692]

Download as PDF 22332 Federal Register / Vol. 82, No. 92 / Monday, May 15, 2017 / Notices also be sent electronically to Applications.Comments@atl.frb.org: 1. Chong W. Chun, McDonough, Georgia, Kyong H. Chun, McDonough, Georgia, Sheila Chun, Atlanta, Georgia, Grace H. Chun, Mableton, Georgia, Hwa Yong Heidi Chun, McDonough, Georgia, Scott J. Cahoon, McDonough, Georgia, Hea Wong Chun Harris, Atlanta, Georgia, and Charles E. Harris, Atlanta, Georgia; to acquire voting shares of First IC Corporation, Doraville, Georgia, and thereby indirectly acquire voting shares of First IC Bank, Atlanta, Georgia. Board of Governors of the Federal Reserve System, May 10, 2017. Yao-Chin Chao, Assistant Secretary of the Board. [FR Doc. 2017–09757 Filed 5–12–17; 8:45 am] BILLING CODE 6210–01–P FEDERAL RESERVE SYSTEM Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB Board of Governors of the Federal Reserve System. SUMMARY: The Board of Governors of the Federal Reserve System (Board) is adopting a proposal to extend for three years, without revision, the voluntary Generic Clearance for Surveys of Consumer and Community Affairs Publications and Resources (FR 1378; OMB No. 7100–0358); the voluntary Generic Clearance for Consumer and Stakeholder Surveys (FR 3073; OMB No. 7100–0359); the required to obtain a benefit Report of Net Debit Cap (FR 2226; OMB No. 7100–0217); and the voluntary Ad Hoc Payments Survey (FR 3054a; OMB No. 7100–0332), Currency Quality Sampling Survey (FR 3054b; OMB No. 7100–0332), Currency Quality Survey (FR 3054c; OMB No. 7100– 0332), and Currency Functionality and Perception Survey (FR 3054d; OMB No. 7100–0332). On June 15, 1984, the Office of Management and Budget (OMB) delegated to the Board authority under the Paperwork Reduction Act (PRA) to approve of and assign OMB control numbers to collection of information requests and requirements conducted or sponsored by the Board. Boardapproved 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 jstallworth on DSK7TPTVN1PROD with NOTICES AGENCY: VerDate Sep<11>2014 17:18 May 12, 2017 Jkt 241001 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—Nuha Elmaghrabi—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 or by fax to (202) 395–6974. SUPPLEMENTARY INFORMATION: Final Approval Under OMB Delegated Authority of the Extension for Three Years, Without Revision, of the Following Reports 1. Report Title: Generic Clearance for Surveys of Consumer and Community Affairs Publications and Resources. Agency Form Number: FR 1378. OMB Control Number: 7100–0358. Frequency: On occasion. Respondents: Individuals, households, nonprofits, community development organizations, consumer groups, financial institutions, 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. Estimated Number of Respondents: Consumer surveys: Quantitative surveys, 1,000 respondents; and Qualitative surveys, 50 respondents; and Stakeholder surveys: Quantitative surveys, 800 respondents; and Qualitative surveys, 50 respondents. Estimated Average Hours per Response: Consumer surveys: Quantitative surveys, 0.25 hours; and Qualitative surveys, 1.50 hours; and Stakeholder surveys: Quantitative surveys, 0.25 hours; and Qualitative surveys, 1.50 hours. Estimated Annual Burden Hours: Consumer surveys: Quantitative surveys, 500 hours; and Qualitative surveys, 300 hours; and Stakeholder surveys: Quantitative surveys, 1,200 hours; and Qualitative surveys, 300 hours. General Description of Report: The Board uses this collection to seek input PO 00000 Frm 00028 Fmt 4703 Sfmt 4703 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.1 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. Publications and resources may include reports and brochures, as well as audio and visual content, whether delivered in print, online, or through other means. Legal Authorization and Confidentiality: The Board’s Legal Division has determined that the FR 1378 is generally authorized under sections 2A and 12A of the Federal Reserve Act. Section 2A requires that the Board of Governors of the Federal Reserve System 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 maximum employment, stable prices, and 1 Certain criteria apply to information collections conducted via the Board’s generic clearance process. Such information collections shall (1) be vetted by the Board’s clearance officer as well as the Division director responsible for the information collection, (2) display the OMB control number and respondents shall be informed that the information collection has been approved, (3) be used only in such cases where response is voluntary, (4) not be used to substantially inform regulatory actions or policy decisions, (5) be conducted only and exactly as described in the OMB submission, (6) involve only noncontroversial subject matter that will not raise concerns for other Federal agencies, (7) include information collection instruments that are each conducted only one time, (8) include a detailed justification of the effective and efficient statistical survey methodology (if applicable), and (9) collect personally identifiable information (PII) only to the extent necessary (if collecting PII, the form must display current privacy act notice). In addition, for each information collection instrument, respondent burden will be tracked and submitted to OMB. E:\FR\FM\15MYN1.SGM 15MYN1 Federal Register / Vol. 82, No. 92 / Monday, May 15, 2017 / Notices jstallworth on DSK7TPTVN1PROD with NOTICES moderate long-term interest rates (12 U.S.C. 225a). In addition, under section 12A of the Federal Reserve Act, 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 the regulations’ bearing upon the general credit situation of the country (12 U.S.C. 263). The authority of the Federal Reserve to collect information to carry out the requirements of these provisions is implicit. Accordingly, the Federal Reserve is authorized to collect the information called for by the FR 1378 by sections 2A and 12A of the Federal Reserve Act. 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 the following consumer protection statutes: • Community Reinvestment Act, (12 U.S.C. 2905); • Competitive Equality Banking Act, (12 U.S.C. 3806); • Expedited Funds Availability Act, (12 U.S.C. 4008); • Truth in Lending Act, (15 U.S.C. 1604); 2 • Fair Credit Reporting Act, (15 U.S.C. 1681s(e)); 3 • Equal Credit Opportunity Act, (15 U.S.C. 1691b); 4 • Electronic Funds Transfer Act, (15 U.S.C. 1693b & 1693o–2); 5 • Gramm-Leach-Bliley Act, (15 U.S.C. 6801(b)); 6 and 2 Although the Dodd-Frank Act (DFA) cut back the Board’s authority under the Truth in Lending Act, the Board retains rule writing authority for implementing regulations with respect to auto dealers. DFA 1100A(7). 3 Although the DFA cut back the Board’s authority under the Fair Credit Reporting Act, the Board retains rule writing authority for red flags, address changes, and disposal of records. DFA 1002(12)(F) and 1088(a)(2)(D). 4 Although the DFA cut back the Board’s authority under the Equal Credit Opportunity Act, the Board retains rule writing authority for implementing regulations with respect to auto dealers. DFA 1085(3). 5 Although the DFA cut back the Board’s authority under the Electronic Fund Transfers Act, the Board retains rule writing authority for interchange fee regulations and authority to implement regulations with respect to auto dealers. DFA 1075 & 1084. 6 Although the DFA cut back the Board’s authority under the Gramm-Leach-Billey Act, the Board maintains the authority to establish VerDate Sep<11>2014 13:51 May 12, 2017 Jkt 241001 • Flood Disaster Protection Act of 1973, Section 102 (42 U.S.C. 4012a). The surveys are voluntary. The Board does not consider the information collected on these surveys to be confidential. Thus, no issue of confidentiality arises. Current Actions: On February 13, 2017, the Board published a notice in the Federal Register (82 FR 10480) requesting public comment for 60 days on the extension, without revision, of the Generic Clearance for Surveys of Consumer and Community Affairs Publications and Resources. The comment period for this notice expired on April 14, 2017. The Board did not receive any comments. 2. Report Title: Generic Clearance for Consumer and Stakeholder Surveys. Agency Form Number: FR 3073. OMB Control Number: 7100–0359. Frequency: On occasion. Respondents: Individuals, households, community groups, community development organizations, non-profit service providers, faith-based service organizations, public sector agencies, small business owners, health care organizations, food banks, K–12 public and private schools, community colleges, community development financial institutions, credit unions, banks, and other financial institutions and companies offering financial products and services. Estimated Number of Respondents: Consumer surveys: Quantitative surveys (medium), 3,000 respondents; Quantitative surveys (large), 6,000 respondents; and Qualitative surveys, 50 respondents; and Stakeholder surveys: Quantitative surveys, 1,500 respondents and Qualitative surveys, 50 respondents. Estimated Average Hours per Response: Consumer surveys: Quantitative surveys (medium), 0.25 hours; Quantitative surveys (large), 0.40 hours; and Qualitative surveys, 1.50 hours; and Stakeholder surveys: Quantitative surveys, 0.25 hours and Qualitative surveys, 1.50 hours. Estimated Annual Burden Hours: Consumer surveys: Quantitative surveys (medium), 3,000 hours; Quantitative surveys (large), 4,800 hours; and Qualitative surveys, 600 hours; and Stakeholder surveys: Quantitative surveys, 3,000 hours and Qualitative surveys, 600 hours. General Description of Report: The Board uses this collection to inform consumer-focused research, implement appropriate standards for the financial institutions relating to administrative, technical and physical safeguards for certain customer records and information. DFA 1002(12). PO 00000 Frm 00029 Fmt 4703 Sfmt 4703 22333 statutory requirements, and facilitate community development. The surveys in this collection inform the Board’s work by identifying emerging risks and providing additional data on the issues that affect the well-being of consumers and communities and how the financial services marketplace functions.7 The surveys in this collection gather quantitative and qualitative information directly from individual consumers or households (consumer surveys) on consumer finance topics. This collection also gathers quantitative and qualitative information on current and emerging community economic issues from stakeholders (stakeholder surveys). Examples of stakeholders include, for example, such organizations as community groups, community development organizations, nonprofit service providers, faith-based service organizations, public sector agencies, small business owners, health care organizations, food banks, K–12 public and private schools, community colleges, community development financial institutions, credit unions, banks, and other financial institutions and companies offering financial products and services. While these surveys are ongoing, the frequency and content of the questions may change depending on economic conditions, regulatory or legislative developments, as well as changes in technology, business practices, and other factors affecting consumers, stakeholders, and communities. Legal Authorization and Confidentiality: The Board’s Legal Division has determined that the FR 3073 is generally authorized under sections 2A and 12A of the Federal Reserve Act. Section 2A requires that the Board of Governors of the Federal Reserve System and the Federal Open Market Committee (FOMC) maintain 7 Certain criteria apply to information collections conducted via the Board’s generic clearance process. Such information collections shall (1) be vetted by the Board’s clearance officer as well as the Division director responsible for the information collection, (2) display the OMB control number and respondents shall be informed that the information collection has been approved, (3) be used only in such cases where response is voluntary, (4) not be used to substantially inform regulatory actions or policy decisions, (5) be conducted only and exactly as described in the OMB submission, (6) involve only noncontroversial subject matter that will not raise concerns for other Federal agencies, (7) include information collection instruments that are each conducted only one time, (8) include a detailed justification of the effective and efficient statistical survey methodology (if applicable), and (9) collect personally identifiable information (PII) only to the extent necessary (if collecting PII, the form must display current privacy act notice). In addition, for each information collection instrument, respondent burden will be tracked and submitted to OMB. E:\FR\FM\15MYN1.SGM 15MYN1 22334 Federal Register / Vol. 82, No. 92 / Monday, May 15, 2017 / Notices jstallworth on DSK7TPTVN1PROD with NOTICES 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 maximum employment, stable prices, and moderate long-term interest rates (12 U.S.C. 225a). In addition, under section 12A of the Federal Reserve Act, 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 the regulations’ bearing upon the general credit situation of the country (12 U.S.C. 263). The authority of the Federal Reserve to collect information to carry out the requirements of these provisions is implicit. Accordingly, the Federal Reserve is authorized to collect the information called for by the FR 3073 by sections 2A and 12A of the Federal Reserve Act. The Board is responsible for implementing and drafting regulations and interpretations for various consumer protection laws. The information obtained from the FR 3073 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 3073 may be authorized pursuant to the Board’s authority under one or more of the following consumer protection statutes: • Community Reinvestment Act, (12 U.S.C. 2905); • Competitive Equality Banking Act, (12 U.S.C. 3806); • Expedited Funds Availability Act, (12 U.S.C. 4008); • Truth in Lending Act, (15 U.S.C. 1604); 8 • Fair Credit Reporting Act, (15 U.S.C. 1681s(e)); 9 • Equal Credit Opportunity Act, (15 U.S.C. 1691b); 10 • Electronic Funds Transfer Act, (15 U.S.C. 1693b and 1693o–2); 11 8 Although the Dodd-Frank Act (DFA) cut back the Board’s authority under the Truth in Lending Act, the Board retains rule writing authority for implementing regulations with respect to auto dealers (DFA section 1100A(7)). 9 Although the DFA cut back the Board’s authority under the Fair Credit Reporting Act, the Board retains rule writing authority for red flags, address changes, and disposal of records (DFA sections 1002(12)(F) and 1088(a)(2)(D)). 10 Although the DFA cut back the Board’s authority under the Equal Credit Opportunity Act, the Board retains rule writing authority for implementing regulations with respect to auto dealers (DFA section 1085(3)). 11 Although the DFA cut back the Board’s authority under the Electronic Fund Transfers Act, the Board retains rule writing authority for interchange fee regulations and authority to VerDate Sep<11>2014 13:51 May 12, 2017 Jkt 241001 • Gramm-Leach-Bliley Act, (15 U.S.C. 6801(b)); 12 and • Flood Disaster Protection Act of 1973, section 102 (42 U.S.C. 4012a). Additionally, depending upon the survey respondent, the information collection may be authorized under a more specific statute. Specifically, the Board is authorized to collect information from state member banks under section 9 of the Federal Reserve Act (12 U.S.C. 324); from bank holding companies (and their subsidiaries) under section 5(c) of the Bank Holding Company Act (12 U.S.C. 1844(c)); from Edge and agreement corporations under section 25 and 25A of the Federal Reserve Act (12 U.S.C. 602 and 625); and from U.S. branches and agencies of foreign banks under section 7(c)(2) of the International Banking Act of 1978 (12 U.S.C. 3105(c)(2)) and under section 7(a) of the Federal Deposit Insurance Act (12 U.S.C. 1817(a)). Participation in the FR 3073 is voluntary. The ability of the Federal Reserve to maintain the confidentiality of information provided by respondents to the FR 3073 surveys will have to be determined on a case-by-case basis depending on the type of information provided for a particular survey. Some of the information collected on the surveys may be protected from Freedom of Information Act (FOIA) disclosure by FOIA exemptions 4 and 6. Exemption 4 protects from disclosure trade secrets and commercial or financial information, while Exemption 6 protects information ‘‘the disclosure of which would constitute a clearly unwarranted invasion of personal privacy’’ (5 U.S.C. 552(b)(4) and (6)). Current Actions: On February 13, 2017, the Board published a notice in the Federal Register (82 FR 10480) requesting public comment for 60 days on the extension, without revision, of the Generic Clearance for Consumer and Stakeholder Surveys. The comment period for this notice expired on April 14, 2017. The Board did not receive any comments. 3. Report Title: Report of Net Debit Cap. Agency Form Number: FR 2226. OMB Control Number: 7100–0217. Frequency: Annually. Respondents: Depository institution’s board of directors. Estimated Number of Respondents: De Minimis Cap, 941 respondents; SelfAssessment Cap, 125 respondents; and Maximum Daylight Overdraft Capacity, 3 respondents. Estimated Average Hours per Response: De Minimis Cap, SelfAssessment Cap, and Maximum Daylight Overdraft Capacity, 1 hour. Estimated Annual Burden Hours: De Minimis Cap, 941 hours; SelfAssessment Cap, 125 hours; and Maximum Daylight Overdraft Capacity, 3 hours. General Description of Report: Federal Reserve Banks collect these data annually to provide information that is essential for their administration of the Board’s Payment System Risk (PSR) policy. The reporting panel includes all financially healthy depository institutions with access to the discount window. The Report of Net Debit Cap comprises three resolutions, which are filed by a depository institution’s board of directors depending on its needs. The first resolution is used to establish a de minimis net debit cap and the second resolution is used to establish a selfassessed net debit cap.13 The third resolution is used to establish simultaneously a self-assessed net debit cap and maximum daylight overdraft capacity. Legal Authorization and Confidentiality: The Board’s Legal Division has determined that the FR 2226 is authorized pursuant to sections 11, 16, and 19 of the Federal Reserve Act (12 U.S.C. 248(i), 248–1, 464). The obligation to respond is required for the institution to obtain the benefit of an increase in daylight overdraft capacity beyond the limit afforded by the exempt-from-filing cap. The Board has confirmed that the disclosure of information collected on the FR 2226 would likely cause substantial harm to the competitive position of the respondent institution. Therefore, the FR 2226 is exempt from disclosure under exemption (b)(4) of the Freedom of Information Act (FOIA), which exempts from disclosure ‘‘trade secrets and commercial or financial information obtained from a person and privileged or confidential’’ (5 U.S.C. 552(b)(4)). In addition, information reported in connection with the second and third resolutions may be protected under implement regulations with respect to auto dealers (DFA sections 1075 and 1084). 12 Although the DFA cut back the Board’s authority under the Gramm-Leach-Bliley Act, the Board maintains the authority to establish appropriate standards for the financial institutions relating to administrative, technical and physical safeguards for certain customer records and information (DFA section 1002(12)). 13 Institutions use these two resolutions to establish a capacity for daylight overdrafts above the lesser of $10 million or 20 percent of the institution’s capital measure. Financially healthy U.S. chartered institutions that rarely incur daylight overdrafts in excess of the lesser of $10 million or 20 percent of the institution’s capital measure do not need to file board of directors’ resolutions or self-assessments with their Reserve Bank. PO 00000 Frm 00030 Fmt 4703 Sfmt 4703 E:\FR\FM\15MYN1.SGM 15MYN1 jstallworth on DSK7TPTVN1PROD with NOTICES Federal Register / Vol. 82, No. 92 / Monday, May 15, 2017 / Notices section (b)(8) of FOIA, to the extent that such information is based on the institution’s Capital, Assets, Mangement, Earnings, Liquidity, and Sensitivity (CAMELS) rating, and thus is related to examination reports prepared by, on behalf of, or for the use of an agency responsible for the regulation or supervision of financial institutions (5 U.S.C. 552(b)(8)). Current Actions: On February 13, 2017, the Board published a notice in the Federal Register (82 FR 10480) requesting public comment for 60 days on the extension, without revision, of the Report of Net Debit Cap. The comment period for this notice expired on April 14, 2017. The Board did not receive any comments. 4. Report Title: Ad Hoc Payments Survey (FR 3054a), Currency Quality Sampling Survey (FR 3054b), Currency Quality Survey (FR 3054c), and Currency Functionality and Perception Survey (FR 3054d). Agency Form Number: FR 3054a, FR 3054b, FR 3054c, and FR 3054d. OMB Control Number: 7100–0332. Frequency: FR 3054a, annually; FR 3054b, annually; FR 3054c, semiannually; and FR 3054d, quarterly. Respondents: Financial institutions (or depository institutions), individuals, law enforcement and nonfinancial businesses (banknote equipment manufacturers, or global wholesale bank note dealers). Estimated Number of Respondents: FR 3054a, 20,000 respondents; FR 3054b, 300 respondents; FR 3054c, 25 respondents; and FR 3054d, 250 respondents. Estimated Average Hours per Response: FR 3054a, 0.75 hours; FR 3054b, 0.50 hours; FR 3054c, 30 hours; and FR 3054d, 2.50 hours. Estimated Annual Burden Hours: FR 3054a, 15,000 hours; FR 3054b, 150 hours; FR 3054c, 1,500 hours; and FR 3054d, 2,500 hours. General Description of Report: The FR 3054a is an annual survey used to obtain information specifically tailored to the Federal Reserve’s operational and fiscal agency responsibilities. The FR 3054a may be conducted independently by the Board or jointly with another government agency, a Reserve Bank, or a private firm. The FR 3054b is an annual survey used to assess the quality of currency in circulation and may be conducted by the Federal Reserve Board, jointly with the Federal Reserve Bank of San Francisco’s Cash Product Office (CPO), the Federal Reserve Bank of Richmond’s Currency Technology Office (CTO), and each Reserve Bank’s cash department. The FR 3054c is a semiannual survey used to determine VerDate Sep<11>2014 13:51 May 12, 2017 Jkt 241001 depository institutions’ and Banknote Equipment Manufacturers’ (BEMs) opinions of currency quality and may be conducted jointly with the CPO and CTO. The FR 3054d is a survey used to assess the functionality of Federal Reserve notes in bank-note handling equipment. The data collected from the FR 3054d are used as inputs for future designs of Federal Reserve notes. The FR 3054d may be conducted jointly with the U.S. Treasury’s Bureau of Engraving and Printing (BEP) and the CTO. The FR 3054a, FR 3054b, FR 3054c, and FR 3054d are sent to financial and nonfinancial businesses. The Federal Reserve Board may use the data collected from these surveys to determine (1) demand for currency and coin, (2) market preferences regarding currency quality, (3) quality of currency in circulation, (4) features used by the public and bank note authentication equipment to denominate and authenticate bank notes, and (5) whether changes to Reserve Bank sorting algorithms are necessary to ensure that currency in circulation remains fit for commerce. Legal Authorization and Confidentiality: The Board’s Legal Division has determined that section 11(d) of the Federal Reserve Act (12 U.S.C. 248(d)) authorizes the Board to ‘‘supervise and regulate through the Secretary of the Treasury the issue and retirement of Federal Reserve notes, except for the cancellation and destruction, and accounting with respect to such cancellation and destruction, of notes unfit for circulation, and to prescribe rules and regulations under which such notes may be delivered by the Secretary of the Treasury to the Federal Reserve agents applying therefor.’’ This provision of the Federal Reserve Act provides the legal authorization for this information collection. The obligation to respond to the FR 3054a, FR 3054b, FR 3054c, and FR 3054d is voluntary. Because survey questions may differ from survey to survey, it is difficult to determine in advance whether the information collected will be considered confidential. However, information may be exempt from disclosure under exemption 4 of the Freedom of Information Act, (5 U.S.C. 552(b)(4)), if disclosure would likely have the effect of (1) impairing the government’s ability to obtain the necessary information in the future, or (2) causing substantial harm to the competitive position of the respondent. Additionally, should survey responses contain any information of a private nature the disclosure of which would constitute ‘‘a clearly unwarranted invasion of personal privacy,’’ such PO 00000 Frm 00031 Fmt 4703 Sfmt 4703 22335 information may be exempt from disclosure under exemption 6, (5 U.S.C. 552(b)(6)). Confidentiality matters should be treated on a case-by-case basis to determine if any of the above exemptions apply. Current Actions: On February 13, 2017, the Board published a notice in the Federal Register (82 FR 10480) requesting public comment for 60 days on the extension, without revision, of the Ad Hoc Payments Survey (FR 3054a), Currency Quality Sampling Survey (FR 3054b), Currency Quality Survey (FR 3054c), and Currency Functionality and Perception Survey (FR 3054d). The comment period for this notice expired on April 14, 2017. The Board did not receive any comments. Board of Governors of the Federal Reserve System, May 9, 2017. Ann E. Misback, Secretary of the Board. [FR Doc. 2017–09692 Filed 5–12–17; 8:45 am] BILLING CODE 6210–01–P DEPARTMENT OF HEALTH AND HUMAN SERVICES Centers for Disease Control and Prevention Disease, Disability, and Injury Prevention and Control Special Emphasis Panel (SEP): Secondary Review In accordance with Section 10(a)(2) of the Federal Advisory Committee Act (Pub. L. 92–463), the Centers for Disease Control and Prevention (CDC) announces a meeting for the secondary review of applications in response to Funding Opportunity Announcements (FOAs), CE17–001, Research Using Linked Data to Understand Motor Vehicle Injury Among Older Adults; and CE17–002, Development and Evaluation of Sports Concussion Prevention Strategies. Time and Date: 8:00 a.m.–5:00 p.m., EDT, June 8, 2017 (Closed). Place: Teleconference. Status: The meeting will be closed to the public in accordance with provisions set forth in Section 552b(c)(4) and (6), Title 5 U.S.C., and the Determination of the Director, Management Analysis and Services Office, CDC, pursuant to Public Law 92– 463. Matters for Discussion: The meeting will include the secondary review, discussion, and evaluation of applications received in response to FOAs ‘‘Research Using Linked Data to Understand Motor Vehicle Injury E:\FR\FM\15MYN1.SGM 15MYN1

Agencies

[Federal Register Volume 82, Number 92 (Monday, May 15, 2017)]
[Notices]
[Pages 22332-22335]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-09692]


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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: The Board of Governors of the Federal Reserve System (Board) 
is adopting a proposal to extend for three years, without revision, the 
voluntary Generic Clearance for Surveys of Consumer and Community 
Affairs Publications and Resources (FR 1378; OMB No. 7100-0358); the 
voluntary Generic Clearance for Consumer and Stakeholder Surveys (FR 
3073; OMB No. 7100-0359); the required to obtain a benefit Report of 
Net Debit Cap (FR 2226; OMB No. 7100-0217); and the voluntary Ad Hoc 
Payments Survey (FR 3054a; OMB No. 7100-0332), Currency Quality 
Sampling Survey (FR 3054b; OMB No. 7100-0332), Currency Quality Survey 
(FR 3054c; OMB No. 7100-0332), and Currency Functionality and 
Perception Survey (FR 3054d; OMB No. 7100-0332).
    On June 15, 1984, the Office of Management and Budget (OMB) 
delegated to the Board authority under the Paperwork Reduction Act 
(PRA) to approve of and assign OMB control numbers to collection of 
information requests and requirements conducted or sponsored by the 
Board. 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.

FOR FURTHER INFORMATION CONTACT: 
    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. 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 
or by fax to (202) 395-6974.

SUPPLEMENTARY INFORMATION: 

Final Approval Under OMB Delegated Authority of the Extension for Three 
Years, Without Revision, of the Following Reports

    1. Report Title: Generic Clearance for Surveys of Consumer and 
Community Affairs Publications and Resources.
    Agency Form Number: FR 1378.
    OMB Control Number: 7100-0358.
    Frequency: On occasion.
    Respondents: Individuals, households, nonprofits, community 
development organizations, consumer groups, financial institutions, 
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.
    Estimated Number of Respondents: Consumer surveys: Quantitative 
surveys, 1,000 respondents; and Qualitative surveys, 50 respondents; 
and Stakeholder surveys: Quantitative surveys, 800 respondents; and 
Qualitative surveys, 50 respondents.
    Estimated Average Hours per Response: Consumer surveys: 
Quantitative surveys, 0.25 hours; and Qualitative surveys, 1.50 hours; 
and Stakeholder surveys: Quantitative surveys, 0.25 hours; and 
Qualitative surveys, 1.50 hours.
    Estimated Annual Burden Hours: Consumer surveys: Quantitative 
surveys, 500 hours; and Qualitative surveys, 300 hours; and Stakeholder 
surveys: Quantitative surveys, 1,200 hours; and Qualitative surveys, 
300 hours.
    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.\1\
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    \1\ Certain criteria apply to information collections conducted 
via the Board's generic clearance process. Such information 
collections shall (1) be vetted by the Board's clearance officer as 
well as the Division director responsible for the information 
collection, (2) display the OMB control number and respondents shall 
be informed that the information collection has been approved, (3) 
be used only in such cases where response is voluntary, (4) not be 
used to substantially inform regulatory actions or policy decisions, 
(5) be conducted only and exactly as described in the OMB 
submission, (6) involve only noncontroversial subject matter that 
will not raise concerns for other Federal agencies, (7) include 
information collection instruments that are each conducted only one 
time, (8) include a detailed justification of the effective and 
efficient statistical survey methodology (if applicable), and (9) 
collect personally identifiable information (PII) only to the extent 
necessary (if collecting PII, the form must display current privacy 
act notice). In addition, for each information collection 
instrument, respondent burden will be tracked and submitted to OMB.
---------------------------------------------------------------------------

    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. Publications and resources may include reports and 
brochures, as well as audio and visual content, whether delivered in 
print, online, or through other means.
    Legal Authorization and Confidentiality: The Board's Legal Division 
has determined that the FR 1378 is generally authorized under sections 
2A and 12A of the Federal Reserve Act. Section 2A requires that the 
Board of Governors of the Federal Reserve System 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 maximum 
employment, stable prices, and

[[Page 22333]]

moderate long-term interest rates (12 U.S.C. 225a). In addition, under 
section 12A of the Federal Reserve Act, 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 the regulations' bearing upon the general 
credit situation of the country (12 U.S.C. 263). The authority of the 
Federal Reserve to collect information to carry out the requirements of 
these provisions is implicit. Accordingly, the Federal Reserve is 
authorized to collect the information called for by the FR 1378 by 
sections 2A and 12A of the Federal Reserve Act.
    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 the following consumer protection statutes:
     Community Reinvestment Act, (12 U.S.C. 2905);
     Competitive Equality Banking Act, (12 U.S.C. 3806);
     Expedited Funds Availability Act, (12 U.S.C. 4008);
     Truth in Lending Act, (15 U.S.C. 1604); \2\
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    \2\ Although the Dodd-Frank Act (DFA) cut back the Board's 
authority under the Truth in Lending Act, the Board retains rule 
writing authority for implementing regulations with respect to auto 
dealers. DFA 1100A(7).
---------------------------------------------------------------------------

     Fair Credit Reporting Act, (15 U.S.C. 1681s(e)); \3\
---------------------------------------------------------------------------

    \3\ Although the DFA cut back the Board's authority under the 
Fair Credit Reporting Act, the Board retains rule writing authority 
for red flags, address changes, and disposal of records. DFA 
1002(12)(F) and 1088(a)(2)(D).
---------------------------------------------------------------------------

     Equal Credit Opportunity Act, (15 U.S.C. 1691b); \4\
---------------------------------------------------------------------------

    \4\ Although the DFA cut back the Board's authority under the 
Equal Credit Opportunity Act, the Board retains rule writing 
authority for implementing regulations with respect to auto dealers. 
DFA 1085(3).
---------------------------------------------------------------------------

     Electronic Funds Transfer Act, (15 U.S.C. 1693b & 1693o-
2); \5\
---------------------------------------------------------------------------

    \5\ Although the DFA cut back the Board's authority under the 
Electronic Fund Transfers Act, the Board retains rule writing 
authority for interchange fee regulations and authority to implement 
regulations with respect to auto dealers. DFA 1075 & 1084.
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     Gramm-Leach-Bliley Act, (15 U.S.C. 6801(b)); \6\ and
---------------------------------------------------------------------------

    \6\ Although the DFA cut back the Board's authority under the 
Gramm-Leach-Billey Act, the Board maintains the authority to 
establish appropriate standards for the financial institutions 
relating to administrative, technical and physical safeguards for 
certain customer records and information. DFA 1002(12).
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     Flood Disaster Protection Act of 1973, Section 102 (42 
U.S.C. 4012a).
    The surveys are voluntary. The Board does not consider the 
information collected on these surveys to be confidential. Thus, no 
issue of confidentiality arises.
    Current Actions: On February 13, 2017, the Board published a notice 
in the Federal Register (82 FR 10480) requesting public comment for 60 
days on the extension, without revision, of the Generic Clearance for 
Surveys of Consumer and Community Affairs Publications and Resources. 
The comment period for this notice expired on April 14, 2017. The Board 
did not receive any comments.
    2. Report Title: Generic Clearance for Consumer and Stakeholder 
Surveys.
    Agency Form Number: FR 3073.
    OMB Control Number: 7100-0359.
    Frequency: On occasion.
    Respondents: Individuals, households, community groups, community 
development organizations, non-profit service providers, faith-based 
service organizations, public sector agencies, small business owners, 
health care organizations, food banks, K-12 public and private schools, 
community colleges, community development financial institutions, 
credit unions, banks, and other financial institutions and companies 
offering financial products and services.
    Estimated Number of Respondents: Consumer surveys: Quantitative 
surveys (medium), 3,000 respondents; Quantitative surveys (large), 
6,000 respondents; and Qualitative surveys, 50 respondents; and 
Stakeholder surveys: Quantitative surveys, 1,500 respondents and 
Qualitative surveys, 50 respondents.
    Estimated Average Hours per Response: Consumer surveys: 
Quantitative surveys (medium), 0.25 hours; Quantitative surveys 
(large), 0.40 hours; and Qualitative surveys, 1.50 hours; and 
Stakeholder surveys: Quantitative surveys, 0.25 hours and Qualitative 
surveys, 1.50 hours.
    Estimated Annual Burden Hours: Consumer surveys: Quantitative 
surveys (medium), 3,000 hours; Quantitative surveys (large), 4,800 
hours; and Qualitative surveys, 600 hours; and Stakeholder surveys: 
Quantitative surveys, 3,000 hours and Qualitative surveys, 600 hours.
    General Description of Report: The Board uses this collection to 
inform consumer-focused research, implement statutory requirements, and 
facilitate community development. The surveys in this collection inform 
the Board's work by identifying emerging risks and providing additional 
data on the issues that affect the well-being of consumers and 
communities and how the financial services marketplace functions.\7\
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    \7\ Certain criteria apply to information collections conducted 
via the Board's generic clearance process. Such information 
collections shall (1) be vetted by the Board's clearance officer as 
well as the Division director responsible for the information 
collection, (2) display the OMB control number and respondents shall 
be informed that the information collection has been approved, (3) 
be used only in such cases where response is voluntary, (4) not be 
used to substantially inform regulatory actions or policy decisions, 
(5) be conducted only and exactly as described in the OMB 
submission, (6) involve only noncontroversial subject matter that 
will not raise concerns for other Federal agencies, (7) include 
information collection instruments that are each conducted only one 
time, (8) include a detailed justification of the effective and 
efficient statistical survey methodology (if applicable), and (9) 
collect personally identifiable information (PII) only to the extent 
necessary (if collecting PII, the form must display current privacy 
act notice). In addition, for each information collection 
instrument, respondent burden will be tracked and submitted to OMB.
---------------------------------------------------------------------------

    The surveys in this collection gather quantitative and qualitative 
information directly from individual consumers or households (consumer 
surveys) on consumer finance topics. This collection also gathers 
quantitative and qualitative information on current and emerging 
community economic issues from stakeholders (stakeholder surveys). 
Examples of stakeholders include, for example, such organizations as 
community groups, community development organizations, nonprofit 
service providers, faith-based service organizations, public sector 
agencies, small business owners, health care organizations, food banks, 
K-12 public and private schools, community colleges, community 
development financial institutions, credit unions, banks, and other 
financial institutions and companies offering financial products and 
services. While these surveys are ongoing, the frequency and content of 
the questions may change depending on economic conditions, regulatory 
or legislative developments, as well as changes in technology, business 
practices, and other factors affecting consumers, stakeholders, and 
communities.
    Legal Authorization and Confidentiality: The Board's Legal Division 
has determined that the FR 3073 is generally authorized under sections 
2A and 12A of the Federal Reserve Act. Section 2A requires that the 
Board of Governors of the Federal Reserve System and the Federal Open 
Market Committee (FOMC) maintain

[[Page 22334]]

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 maximum employment, stable prices, and 
moderate long-term interest rates (12 U.S.C. 225a). In addition, under 
section 12A of the Federal Reserve Act, 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 the regulations' bearing upon the general 
credit situation of the country (12 U.S.C. 263). The authority of the 
Federal Reserve to collect information to carry out the requirements of 
these provisions is implicit. Accordingly, the Federal Reserve is 
authorized to collect the information called for by the FR 3073 by 
sections 2A and 12A of the Federal Reserve Act.
    The Board is responsible for implementing and drafting regulations 
and interpretations for various consumer protection laws. The 
information obtained from the FR 3073 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 
3073 may be authorized pursuant to the Board's authority under one or 
more of the following consumer protection statutes:
     Community Reinvestment Act, (12 U.S.C. 2905);
     Competitive Equality Banking Act, (12 U.S.C. 3806);
     Expedited Funds Availability Act, (12 U.S.C. 4008);
     Truth in Lending Act, (15 U.S.C. 1604); \8\
     Fair Credit Reporting Act, (15 U.S.C. 1681s(e)); \9\
     Equal Credit Opportunity Act, (15 U.S.C. 1691b); \10\
     Electronic Funds Transfer Act, (15 U.S.C. 1693b and 1693o-
2); \11\
     Gramm-Leach-Bliley Act, (15 U.S.C. 6801(b)); \12\ and
     Flood Disaster Protection Act of 1973, section 102 (42 
U.S.C. 4012a).
---------------------------------------------------------------------------

    \8\ Although the Dodd-Frank Act (DFA) cut back the Board's 
authority under the Truth in Lending Act, the Board retains rule 
writing authority for implementing regulations with respect to auto 
dealers (DFA section 1100A(7)).
    \9\ Although the DFA cut back the Board's authority under the 
Fair Credit Reporting Act, the Board retains rule writing authority 
for red flags, address changes, and disposal of records (DFA 
sections 1002(12)(F) and 1088(a)(2)(D)).
    \10\ Although the DFA cut back the Board's authority under the 
Equal Credit Opportunity Act, the Board retains rule writing 
authority for implementing regulations with respect to auto dealers 
(DFA section 1085(3)).
    \11\ Although the DFA cut back the Board's authority under the 
Electronic Fund Transfers Act, the Board retains rule writing 
authority for interchange fee regulations and authority to implement 
regulations with respect to auto dealers (DFA sections 1075 and 
1084).
    \12\ Although the DFA cut back the Board's authority under the 
Gramm-Leach-Bliley Act, the Board maintains the authority to 
establish appropriate standards for the financial institutions 
relating to administrative, technical and physical safeguards for 
certain customer records and information (DFA section 1002(12)).
---------------------------------------------------------------------------

    Additionally, depending upon the survey respondent, the information 
collection may be authorized under a more specific statute. 
Specifically, the Board is authorized to collect information from state 
member banks under section 9 of the Federal Reserve Act (12 U.S.C. 
324); from bank holding companies (and their subsidiaries) under 
section 5(c) of the Bank Holding Company Act (12 U.S.C. 1844(c)); from 
Edge and agreement corporations under section 25 and 25A of the Federal 
Reserve Act (12 U.S.C. 602 and 625); and from U.S. branches and 
agencies of foreign banks under section 7(c)(2) of the International 
Banking Act of 1978 (12 U.S.C. 3105(c)(2)) and under section 7(a) of 
the Federal Deposit Insurance Act (12 U.S.C. 1817(a)). Participation in 
the FR 3073 is voluntary.
    The ability of the Federal Reserve to maintain the confidentiality 
of information provided by respondents to the FR 3073 surveys will have 
to be determined on a case-by-case basis depending on the type of 
information provided for a particular survey. Some of the information 
collected on the surveys may be protected from Freedom of Information 
Act (FOIA) disclosure by FOIA exemptions 4 and 6. Exemption 4 protects 
from disclosure trade secrets and commercial or financial information, 
while Exemption 6 protects information ``the disclosure of which would 
constitute a clearly unwarranted invasion of personal privacy'' (5 
U.S.C. 552(b)(4) and (6)).
    Current Actions: On February 13, 2017, the Board published a notice 
in the Federal Register (82 FR 10480) requesting public comment for 60 
days on the extension, without revision, of the Generic Clearance for 
Consumer and Stakeholder Surveys. The comment period for this notice 
expired on April 14, 2017. The Board did not receive any comments.
    3. Report Title: Report of Net Debit Cap.
    Agency Form Number: FR 2226.
    OMB Control Number: 7100-0217.
    Frequency: Annually.
    Respondents: Depository institution's board of directors.
    Estimated Number of Respondents: De Minimis Cap, 941 respondents; 
Self-Assessment Cap, 125 respondents; and Maximum Daylight Overdraft 
Capacity, 3 respondents.
    Estimated Average Hours per Response: De Minimis Cap, Self-
Assessment Cap, and Maximum Daylight Overdraft Capacity, 1 hour.
    Estimated Annual Burden Hours: De Minimis Cap, 941 hours; Self-
Assessment Cap, 125 hours; and Maximum Daylight Overdraft Capacity, 3 
hours.
    General Description of Report: Federal Reserve Banks collect these 
data annually to provide information that is essential for their 
administration of the Board's Payment System Risk (PSR) policy. The 
reporting panel includes all financially healthy depository 
institutions with access to the discount window. The Report of Net 
Debit Cap comprises three resolutions, which are filed by a depository 
institution's board of directors depending on its needs. The first 
resolution is used to establish a de minimis net debit cap and the 
second resolution is used to establish a self-assessed net debit 
cap.\13\ The third resolution is used to establish simultaneously a 
self-assessed net debit cap and maximum daylight overdraft capacity.
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    \13\ Institutions use these two resolutions to establish a 
capacity for daylight overdrafts above the lesser of $10 million or 
20 percent of the institution's capital measure. Financially healthy 
U.S. chartered institutions that rarely incur daylight overdrafts in 
excess of the lesser of $10 million or 20 percent of the 
institution's capital measure do not need to file board of 
directors' resolutions or self-assessments with their Reserve Bank.
---------------------------------------------------------------------------

    Legal Authorization and Confidentiality: The Board's Legal Division 
has determined that the FR 2226 is authorized pursuant to sections 11, 
16, and 19 of the Federal Reserve Act (12 U.S.C. 248(i), 248-1, 464). 
The obligation to respond is required for the institution to obtain the 
benefit of an increase in daylight overdraft capacity beyond the limit 
afforded by the exempt-from-filing cap. The Board has confirmed that 
the disclosure of information collected on the FR 2226 would likely 
cause substantial harm to the competitive position of the respondent 
institution. Therefore, the FR 2226 is exempt from disclosure under 
exemption (b)(4) of the Freedom of Information Act (FOIA), which 
exempts from disclosure ``trade secrets and commercial or financial 
information obtained from a person and privileged or confidential'' (5 
U.S.C. 552(b)(4)). In addition, information reported in connection with 
the second and third resolutions may be protected under

[[Page 22335]]

section (b)(8) of FOIA, to the extent that such information is based on 
the institution's Capital, Assets, Mangement, Earnings, Liquidity, and 
Sensitivity (CAMELS) rating, and thus is related to examination reports 
prepared by, on behalf of, or for the use of an agency responsible for 
the regulation or supervision of financial institutions (5 U.S.C. 
552(b)(8)).
    Current Actions: On February 13, 2017, the Board published a notice 
in the Federal Register (82 FR 10480) requesting public comment for 60 
days on the extension, without revision, of the Report of Net Debit 
Cap. The comment period for this notice expired on April 14, 2017. The 
Board did not receive any comments.
    4. Report Title: Ad Hoc Payments Survey (FR 3054a), Currency 
Quality Sampling Survey (FR 3054b), Currency Quality Survey (FR 3054c), 
and Currency Functionality and Perception Survey (FR 3054d).
    Agency Form Number: FR 3054a, FR 3054b, FR 3054c, and FR 3054d.
    OMB Control Number: 7100-0332.
    Frequency: FR 3054a, annually; FR 3054b, annually; FR 3054c, semi-
annually; and FR 3054d, quarterly.
    Respondents: Financial institutions (or depository institutions), 
individuals, law enforcement and nonfinancial businesses (banknote 
equipment manufacturers, or global wholesale bank note dealers).
    Estimated Number of Respondents: FR 3054a, 20,000 respondents; FR 
3054b, 300 respondents; FR 3054c, 25 respondents; and FR 3054d, 250 
respondents.
    Estimated Average Hours per Response: FR 3054a, 0.75 hours; FR 
3054b, 0.50 hours; FR 3054c, 30 hours; and FR 3054d, 2.50 hours.
    Estimated Annual Burden Hours: FR 3054a, 15,000 hours; FR 3054b, 
150 hours; FR 3054c, 1,500 hours; and FR 3054d, 2,500 hours.
    General Description of Report: The FR 3054a is an annual survey 
used to obtain information specifically tailored to the Federal 
Reserve's operational and fiscal agency responsibilities. The FR 3054a 
may be conducted independently by the Board or jointly with another 
government agency, a Reserve Bank, or a private firm. The FR 3054b is 
an annual survey used to assess the quality of currency in circulation 
and may be conducted by the Federal Reserve Board, jointly with the 
Federal Reserve Bank of San Francisco's Cash Product Office (CPO), the 
Federal Reserve Bank of Richmond's Currency Technology Office (CTO), 
and each Reserve Bank's cash department. The FR 3054c is a semiannual 
survey used to determine depository institutions' and Banknote 
Equipment Manufacturers' (BEMs) opinions of currency quality and may be 
conducted jointly with the CPO and CTO. The FR 3054d is a survey used 
to assess the functionality of Federal Reserve notes in bank-note 
handling equipment. The data collected from the FR 3054d are used as 
inputs for future designs of Federal Reserve notes. The FR 3054d may be 
conducted jointly with the U.S. Treasury's Bureau of Engraving and 
Printing (BEP) and the CTO. The FR 3054a, FR 3054b, FR 3054c, and FR 
3054d are sent to financial and nonfinancial businesses.
    The Federal Reserve Board may use the data collected from these 
surveys to determine (1) demand for currency and coin, (2) market 
preferences regarding currency quality, (3) quality of currency in 
circulation, (4) features used by the public and bank note 
authentication equipment to denominate and authenticate bank notes, and 
(5) whether changes to Reserve Bank sorting algorithms are necessary to 
ensure that currency in circulation remains fit for commerce.
    Legal Authorization and Confidentiality: The Board's Legal Division 
has determined that section 11(d) of the Federal Reserve Act (12 U.S.C. 
248(d)) authorizes the Board to ``supervise and regulate through the 
Secretary of the Treasury the issue and retirement of Federal Reserve 
notes, except for the cancellation and destruction, and accounting with 
respect to such cancellation and destruction, of notes unfit for 
circulation, and to prescribe rules and regulations under which such 
notes may be delivered by the Secretary of the Treasury to the Federal 
Reserve agents applying therefor.'' This provision of the Federal 
Reserve Act provides the legal authorization for this information 
collection. The obligation to respond to the FR 3054a, FR 3054b, FR 
3054c, and FR 3054d is voluntary.
    Because survey questions may differ from survey to survey, it is 
difficult to determine in advance whether the information collected 
will be considered confidential. However, information may be exempt 
from disclosure under exemption 4 of the Freedom of Information Act, (5 
U.S.C. 552(b)(4)), if disclosure would likely have the effect of (1) 
impairing the government's ability to obtain the necessary information 
in the future, or (2) causing substantial harm to the competitive 
position of the respondent. Additionally, should survey responses 
contain any information of a private nature the disclosure of which 
would constitute ``a clearly unwarranted invasion of personal 
privacy,'' such information may be exempt from disclosure under 
exemption 6, (5 U.S.C. 552(b)(6)). Confidentiality matters should be 
treated on a case-by-case basis to determine if any of the above 
exemptions apply.
    Current Actions: On February 13, 2017, the Board published a notice 
in the Federal Register (82 FR 10480) requesting public comment for 60 
days on the extension, without revision, of the Ad Hoc Payments Survey 
(FR 3054a), Currency Quality Sampling Survey (FR 3054b), Currency 
Quality Survey (FR 3054c), and Currency Functionality and Perception 
Survey (FR 3054d). The comment period for this notice expired on April 
14, 2017. The Board did not receive any comments.

    Board of Governors of the Federal Reserve System, May 9, 2017.
Ann E. Misback,
Secretary of the Board.
[FR Doc. 2017-09692 Filed 5-12-17; 8:45 am]
 BILLING CODE 6210-01-P