Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 33264-33266 [2019-14874]

Download as PDF 33264 Federal Register / Vol. 84, No. 134 / Friday, July 12, 2019 / Notices should call 703–562–2404 (Voice) or 703–649–4354 (Video Phone) to make necessary arrangements. Requests for further information concerning the meeting may be directed to Mr. Robert E. Feldman, Executive Secretary of the Corporation, at 202– 898–7043. Dated at Washington, DC, on July 9, 2019. Federal Deposit Insurance Corporation. Robert E. Feldman, Executive Secretary. [FR Doc. 2019–14930 Filed 7–10–19; 11:15 am] BILLING CODE 6714–01–P FEDERAL RESERVE SYSTEM [Docket No. OP–1668] Solicitation of Statements of Interest for Membership on the Insurance Policy Advisory Committee Board of Governors of the Federal Reserve System (Board). ACTION: Notice. AGENCY: The Economic Growth, Regulatory Relief, and Consumer Protection Act established at the Board an Insurance Policy Advisory Committee (IPAC). This Notice advises individuals who wish to serve as IPAC members of the opportunity to be considered for the IPAC. DATES: Statements of Interest received on or before September 10, 2019 will be given consideration for selection to the IPAC for appointment in the Fall of 2019. SUMMARY: Individuals who are interested in being considered for the IPAC may submit a Statement of Interest to IPAC@frb.gov. The Statement of Interest collects only contact information. Candidates may also choose to provide additional information for consideration as part of their interest in serving on the IPAC. Any such supplemental materials may also be emailed to IPAC@frb.gov. The Privacy Act Statement for IPAC Member Selection, which describes the purposes, authority, effects of nondisclosure, and uses of this information, can be found at https:// www.federalreserve.gov/aboutthefed/ ipac-privacy.htm. If electronic submission is not feasible, submissions may be mailed to the Board of Governors of the Federal Reserve System, Attn: Insurance Policy Advisory Committee, 20th Street and Constitution Avenue NW, Washington, DC 20551. FOR FURTHER INFORMATION CONTACT: Thomas Sullivan, Associate Director, jbell on DSK3GLQ082PROD with NOTICES ADDRESSES: VerDate Sep<11>2014 16:55 Jul 11, 2019 Jkt 247001 (202) 475–7656; Linda Duzick, Manager, (202) 728–5881; or Matthew Walker, Supervisory Insurance Valuation Analyst, (202) 872–4971, Division of Supervision and Regulation; or IPAC@ frb.gov. SUPPLEMENTARY INFORMATION: The Economic Growth, Regulatory Relief, and Consumer Protection Act established at the Board an Insurance Policy Advisory Committee (IPAC) to advise the Board on international capital standards and other insurance matters. This notice advises individuals of the opportunity to be considered for appointment to the IPAC. To assist with the selection of IPAC members, the Board will consider the information submitted by the candidate along with other information that it independently obtains. Council Size and Terms The IPAC will have no more than 21 members. The initial IPAC members will have staggered terms to provide the IPAC with continuity. Members chosen at subsequent times will be appointed to three-year terms unless the appointment is made to fill an unexpired term. The Board will provide a nominal honorarium and will reimburse IPAC members only for their actual travel expenses subject to Board policy. Statement of Interest The Statement of Interest for the IPAC collects the following contact information about the candidate: • Full name; • Address; • Phone number; and • Email address. At their option, candidates may also provide additional information for consideration as part of their interest in serving on the IPAC. Qualifications IPAC candidates should be insurance experts. The Board seeks a diverse set of expert perspectives from the various sectors of the U.S. insurance industry, including life insurance, property and casualty insurance and reinsurance, agents and brokers, academics, consumer advocates, and experts on issues facing underserved insurance communities and consumers. The Board also seeks relevant actuarial, legal, regulatory, and accounting expertise as well as expertise on lines of business underwritten by its currently supervised population of insurance institutions. IPAC members must be willing and able to participate in organizational conference calls and prepare for and attend meetings in person. IPAC membership and attendance is not PO 00000 Frm 00047 Fmt 4703 Sfmt 4703 delegable. The Board anticipates holding the inaugural IPAC meeting on November 4, 2019, in Washington, DC and expects to hold meetings twice a year starting in 2020. By order of the Board of Governors of the Federal Reserve System, July 9, 2019. Michele Taylor Fennell, Assistant Secretary of the Board. [FR Doc. 2019–14873 Filed 7–11–19; 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, with revision, the Federal Reserve Payments Study (FR 3066; OMB No. 7100–0351). 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. 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. 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. These documents also are available on the Federal Reserve 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 above. SUPPLEMENTARY INFORMATION: On June 15, 1984, OMB delegated to the Board authority under the PRA to approve 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 PRA submission, supporting statements, and approved collection of information AGENCY: E:\FR\FM\12JYN1.SGM 12JYN1 Federal Register / Vol. 84, No. 134 / Friday, July 12, 2019 / Notices • Sections 11, 11A, 13, and 16 of the Federal Reserve Act (12 U.S.C. 248, 248a, 342, 248–1, 360, and 411). Final Approval Under OMB Delegated The FR 3066 is voluntary. Information Authority of the Extension for Three collected on the FR 3066 may be granted Years, With Revision, of the Following confidential treatment under exemption Information Collection (b)(4) of the Freedom of Information Report title: Federal Reserve Payments Act, 5 U.S.C. 552(b)(4), which protects from disclosure ‘‘trade secrets and Study. commercial or financial information Agency form number: FR 3066a, FR obtained from a person [that is] 3066b. privileged or confidential.’’ OMB control number: 7100–0351. Current actions: On March 27, 2019, Frequency: Annual. the Board published a notice in the Respondents: Depository and Federal Register (84 FR 11541) financial institutions, general-purpose requesting public comment for 60 days payment networks, third-party payment on the extension, with revision, of the processors, issuers of private-label Federal Reserve Payments Study. The cards, and providers of various revisions to the survey questions reflect alternative payment initiation methods an increased focus on payments fraud and systems. and security concerns, adaptations to Estimated number of respondents: FR new developments in payments 3066a: 495; FR 3066b: 82. technology, feedback from responding Estimated average hours per response: institutions, and experience from FR 3066a: 22 hours; FR 3066b: 8 hours. analyzing the survey outcomes. While Estimated annual burden hours: FR some questions would be added as a 3066a: 10,890 hours; FR 3066b: 656 result, as described below, more hours. questions would be removed, resulting General description of report: These in a net reduction in questions for 2019 surveys help to support the Federal compared with 2016. Reserve System’s (Federal Reserve’s) The Board is discontinuing the role in the payments system.1 The FR collection of check images from 3066a and FR 3066b would consist of a depository institutions via the full set of surveys for 2019 and, Viewpointe archive that was used to following the pattern established in the support the Check Sample Study (CSS) previous three-year period, smaller (FR 3066c) in previous survey periods. versions of the surveys for 2020 and The Federal Reserve Bank of Atlanta 2021. The reference period for each may continue a version of the CSS using survey is the previous calendar year. sampled information from their own The Federal Reserve Payments Study check processing operations, an (FRPS) publishes aggregate estimates of approach that started in 2015. The payment volumes and related Board is also discontinuing the optional information derived from the surveys. FR 3066d because its purpose is redundant with the Payments Research Legal authorization and Survey (FR 3067; OMB Control No. confidentiality: The information obtained from the FR 3066 may be used 7100–0355). The comment period for this notice in support of the Board’s development expired on May 28, 2019. The Board and implementation of regulations, received one comment letter from a interpretations, and supervisory trade association. guidance for various payments, consumer protection, and other laws. Detailed Discussion of Public Therefore, the FR 3066 is authorized Comments pursuant to the Board’s authority under The comments contained in the the following statutes: • Section 609 of the Expedited Funds comment letter, directed at FR 3066a, discuss the questions on volumes of Availability Act (12 U.S.C. 4008); payments and associated unauthorized • Sections 904 and 920 of the Electronic Fund Transfer Act (15 U.S.C. third-party payments fraud (fraud) in the ACH section of the survey. The 1693b and 1693o–2); commenter suggests that the ACH • Section 105 of the Truth In Lending information the Board collects in the Act (15 U.S.C. 1604); ACH section of 3066a would be more • Section 15 of the Check Clearing for accurate and reliable if it is consistently the 21st Century Act (12 U.S.C. 5014); collected from originating depository and financial institutions (ODFIs) instead of the receiving depository financial 1 The Federal Reserve plays a vital role in the U.S. institution (RDFI). The proposed survey, payments system, fostering its safety and efficiency however, does include volumes of and providing a variety of financial services to depository institutions. payments and associated fraud from the jbell on DSK3GLQ082PROD with NOTICES instrument(s) are placed into OMB’s public docket files. VerDate Sep<11>2014 16:55 Jul 11, 2019 Jkt 247001 PO 00000 Frm 00048 Fmt 4703 Sfmt 4703 33265 ODFIs for ACH credits and ACH debits. Furthermore, the survey design and statistical estimation methods of the FR 3066a are based on collecting data from the paying bank side of all transactions, making collection of ACH debit volumes from the receiving depository financial institution (RDFI) necessary for accuracy and comparability with other types of payments in the surveys. Published works based on past surveys used ACH debit payments and fraud volumes collected from RDFIs to estimate reported ACH debit and fraud totals, and such collections must continue for comparability. The ACH debit payments and fraud volumes from ODFIs were added to the 2016 survey. The commenter also asserted that RDFIs would not be able to provide accurate information regarding the breakout of unauthorized ACH entries by same-day settlement and non-sameday settlement. In general, the Board expects that the paying bank and the collecting bank both have responsibilities to protect the payments system from fraud, and may have different information sets based on their unique perspectives. While the ODFIs are not the paying bank on ACH debits and therefore may not be ideal for the survey design and statistical estimation methods, their continued inclusion will nonetheless help to inform concerns about the accuracy, difficulty, and completeness of estimates constructed from both sources. For these reasons, the Board will retain the questions as written. The comment letter also generally opposes the collection of same-day ACH data. Questions pertaining to same-day ACH volumes are included in the survey forms, in part, to allow the calculation of an aggregate fraud rate estimate for the associated fraud. Such data are unavailable from other sources, such as the ACH operators. Same-day ACH is relatively new, and public discourse has centered around whether ACH fraud would increase as a result of the faster settlement requirement. Although it is not possible to predict the outcome, the Board expects that the inclusion of the questions will help to inform concerns about data validity and estimate quality. The Board will retain the questions about same-day ACH payment and fraud volumes as written. The comment letter asserts that the Board has singled out same-day ACH for the collection of fraud information while not asking ‘‘parties in other socalled faster’’ payment systems for fraud information. The FR 3066a, however, does collect fraud information about person-to-person (P2P) payments processed by the depository institutions, E:\FR\FM\12JYN1.SGM 12JYN1 33266 Federal Register / Vol. 84, No. 134 / Friday, July 12, 2019 / Notices which is generally viewed as a faster payment alternative offered by those depository institutions. In addition, the FR 3066b attempts to collect comprehensive fraud data from P2P and money transfer processors, including those processors offering faster payment methods. The Board will retain the questions as written. Board of Governors of the Federal Reserve System, July 9, 2019. Michele Taylor Fennell, Assistant Secretary of the Board. [FR Doc. 2019–14874 Filed 7–11–19; 8:45 am] All employees of the Department of Energy, its predecessor agencies, and their contractors and subcontractors who worked at the Idaho National Laboratory (INL) in Scoville, Idaho, and who were monitored for external radiation at the Idaho Chemical Processing Plant (CPP) (e.g., at least one film badge or TLD dosimeter from CPP) between January 1, 1963, and February 28, 1970, for a number of work days aggregating at least 250 work days, occurring either solely under this employment, or in combination with work days within the parameters established for one or more other classes of employees in the Special Exposure Cohort. This designation will become effective on July 21, 2019, unless Congress provides otherwise prior to the effective date. After this effective date, HHS will publish a notice in the Federal Register reporting the addition of this class to the SEC or the result of any provision by Congress regarding the decision by HHS to add the class to the SEC. BILLING CODE 6210–01–P DEPARTMENT OF HEALTH AND HUMAN SERVICES Centers for Disease Control and Prevention Designation of a Class of Employees for Addition to the Special Exposure Cohort Authority: 42 U.S.C. 7384q(b). 42 U.S.C. 7384l(14)(C). National Institute for Occupational Safety and Health (NIOSH), Centers for Disease Control and Prevention, Department of Health and Human Services (HHS). ACTION: Notice. [FR Doc. 2019–14816 Filed 7–11–19; 8:45 am] AGENCY: HHS gives notice of a decision to designate a class of employees from the Idaho National Laboratory in Scoville, Idaho, as an addition to the Special Exposure Cohort (SEC) under the Energy Employees Occupational Illness Compensation Program Act of 2000. FOR FURTHER INFORMATION CONTACT: Grady Calhoun, Director, Division of Compensation Analysis and Support, NIOSH, 1090 Tusculum Avenue, MS C– 46, Cincinnati, OH 45226–1938, Telephone 1–877–222–7570. Information requests can also be submitted by email to DCAS@CDC.GOV. SUPPLEMENTARY INFORMATION: On June 21, 2019, as provided for under 42 U.S.C. 7384l(14)(C), the Secretary of HHS designated the following class of employees as an addition to the SEC: SUMMARY: John J. Howard, Director, National Institute for Occupational Safety and Health. BILLING CODE 4163–19–P DEPARTMENT OF HEALTH AND HUMAN SERVICES Administration for Children and Families Submission for OMB Review; National Medical Support Notice—Part A Office of Child Support Enforcement; Administration for Children and Families; HHS. ACTION: Request for public comment. AGENCY: The Administration for Children and Families (ACF) is requesting a three year extension of the form National Medical Support Notice (NMSN) Part A (OMB #0970–0222 expiration 8/31/2019). Changes were made to the form based on comments received during the 60 day Notice. SUMMARY: Comments due within 30 days of publication. OMB is required to make a decision concerning the collection of information between 30 and 60 days after publication of this document in the Federal Register. Therefore, a comment is best assured of having its full effect if OMB receives it within 30 days of publication. DATES: Written comments and recommendations for the proposed information collection should be sent directly to the following: Office of Management and Budget, Paperwork Reduction Project, Email: OIRA_ SUBMISSION@OMB.EOP.GOV. Attn: Desk Officer for the Administration for Children and Families. Copies of the proposed collection may be obtained by writing to the Administration for Children and Families, Office of Planning, Research and Evaluation, 330 C Street SW, Washington, DC 20201, Attn: OPRE Reports Clearance Officer. All requests should be identified by the title of the information collection. Email address: OPREinfocollection@acf.hhs.gov. SUPPLEMENTARY INFORMATION: Description: The National Medical Support Notice (NMSN) is a two-part document completed by state child support enforcement agencies, employers, and health plan administrators to enforce health care coverage provisions in a child support order. The Department of Health and Human Services (DHHS) developed and maintains Part A of the NMSN, which is sent to an obligor’s employer for completion; the Department of Labor (DOL) developed and maintains Part B of the NMSN, which is provided to health care administrators following completion of Part A. The Administration for Children and Families is requesting that the NMSN Part A expiration dates continue to be synchronize with the expiration date of NMSN Part B submitted by DOL. Respondents: State child support enforcement agencies, employers, and health plan administrators. ADDRESSES: jbell on DSK3GLQ082PROD with NOTICES ANNUAL BURDEN ESTIMATES Instrument Respondents National Medical Support Notice—Part A—Notice to Withhold for Health Care Coverage. State .............. Employers ...... Estimated Total Annual Burden Hours: 1,644,725. VerDate Sep<11>2014 16:55 Jul 11, 2019 Jkt 247001 Annual number of respondents 54 1,275,624 Comments: The Department specifically requests comments on (a) whether the proposed collection of PO 00000 Frm 00049 Fmt 4703 Sfmt 4703 Number of responses per respondent 89,634 3.79 Average burden hours per response .17 .17 Annual burden hours 822,840 821,885 information is necessary for the proper performance of the functions of the agency, including whether the E:\FR\FM\12JYN1.SGM 12JYN1

Agencies

[Federal Register Volume 84, Number 134 (Friday, July 12, 2019)]
[Notices]
[Pages 33264-33266]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-14874]


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

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, with revision, the 
Federal Reserve Payments Study (FR 3066; OMB No. 7100-0351).

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.
    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.
    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. 
These documents also are available on the Federal Reserve 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 above.

SUPPLEMENTARY INFORMATION: On June 15, 1984, OMB delegated to the Board 
authority under the PRA to approve 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 PRA submission, supporting 
statements, and approved collection of information

[[Page 33265]]

instrument(s) are placed into OMB's public docket files.

Final Approval Under OMB Delegated Authority of the Extension for Three 
Years, With Revision, of the Following Information Collection

    Report title: Federal Reserve Payments Study.
    Agency form number: FR 3066a, FR 3066b.
    OMB control number: 7100-0351.
    Frequency: Annual.
    Respondents: Depository and financial institutions, general-purpose 
payment networks, third-party payment processors, issuers of private-
label cards, and providers of various alternative payment initiation 
methods and systems.
    Estimated number of respondents: FR 3066a: 495; FR 3066b: 82.
    Estimated average hours per response: FR 3066a: 22 hours; FR 3066b: 
8 hours.
    Estimated annual burden hours: FR 3066a: 10,890 hours; FR 3066b: 
656 hours.
    General description of report: These surveys help to support the 
Federal Reserve System's (Federal Reserve's) role in the payments 
system.\1\ The FR 3066a and FR 3066b would consist of a full set of 
surveys for 2019 and, following the pattern established in the previous 
three-year period, smaller versions of the surveys for 2020 and 2021. 
The reference period for each survey is the previous calendar year. The 
Federal Reserve Payments Study (FRPS) publishes aggregate estimates of 
payment volumes and related information derived from the surveys.
---------------------------------------------------------------------------

    \1\ The Federal Reserve plays a vital role in the U.S. payments 
system, fostering its safety and efficiency and providing a variety 
of financial services to depository institutions.
---------------------------------------------------------------------------

    Legal authorization and confidentiality: The information obtained 
from the FR 3066 may be used in support of the Board's development and 
implementation of regulations, interpretations, and supervisory 
guidance for various payments, consumer protection, and other laws. 
Therefore, the FR 3066 is authorized pursuant to the Board's authority 
under the following statutes:
     Section 609 of the Expedited Funds Availability Act (12 
U.S.C. 4008);
     Sections 904 and 920 of the Electronic Fund Transfer Act 
(15 U.S.C. 1693b and 1693o-2);
     Section 105 of the Truth In Lending Act (15 U.S.C. 1604);
     Section 15 of the Check Clearing for the 21st Century Act 
(12 U.S.C. 5014); and
     Sections 11, 11A, 13, and 16 of the Federal Reserve Act 
(12 U.S.C. 248, 248a, 342, 248-1, 360, and 411).
    The FR 3066 is voluntary. Information collected on the FR 3066 may 
be granted confidential treatment under exemption (b)(4) of the Freedom 
of Information Act, 5 U.S.C. 552(b)(4), which protects from disclosure 
``trade secrets and commercial or financial information obtained from a 
person [that is] privileged or confidential.''
    Current actions: On March 27, 2019, the Board published a notice in 
the Federal Register (84 FR 11541) requesting public comment for 60 
days on the extension, with revision, of the Federal Reserve Payments 
Study. The revisions to the survey questions reflect an increased focus 
on payments fraud and security concerns, adaptations to new 
developments in payments technology, feedback from responding 
institutions, and experience from analyzing the survey outcomes. While 
some questions would be added as a result, as described below, more 
questions would be removed, resulting in a net reduction in questions 
for 2019 compared with 2016.
    The Board is discontinuing the collection of check images from 
depository institutions via the Viewpointe archive that was used to 
support the Check Sample Study (CSS) (FR 3066c) in previous survey 
periods. The Federal Reserve Bank of Atlanta may continue a version of 
the CSS using sampled information from their own check processing 
operations, an approach that started in 2015. The Board is also 
discontinuing the optional FR 3066d because its purpose is redundant 
with the Payments Research Survey (FR 3067; OMB Control No. 7100-0355).
    The comment period for this notice expired on May 28, 2019. The 
Board received one comment letter from a trade association.

Detailed Discussion of Public Comments

    The comments contained in the comment letter, directed at FR 3066a, 
discuss the questions on volumes of payments and associated 
unauthorized third-party payments fraud (fraud) in the ACH section of 
the survey. The commenter suggests that the ACH information the Board 
collects in the ACH section of 3066a would be more accurate and 
reliable if it is consistently collected from originating depository 
financial institutions (ODFIs) instead of the receiving depository 
financial institution (RDFI). The proposed survey, however, does 
include volumes of payments and associated fraud from the ODFIs for ACH 
credits and ACH debits. Furthermore, the survey design and statistical 
estimation methods of the FR 3066a are based on collecting data from 
the paying bank side of all transactions, making collection of ACH 
debit volumes from the receiving depository financial institution 
(RDFI) necessary for accuracy and comparability with other types of 
payments in the surveys. Published works based on past surveys used ACH 
debit payments and fraud volumes collected from RDFIs to estimate 
reported ACH debit and fraud totals, and such collections must continue 
for comparability. The ACH debit payments and fraud volumes from ODFIs 
were added to the 2016 survey.
    The commenter also asserted that RDFIs would not be able to provide 
accurate information regarding the breakout of unauthorized ACH entries 
by same-day settlement and non-same-day settlement. In general, the 
Board expects that the paying bank and the collecting bank both have 
responsibilities to protect the payments system from fraud, and may 
have different information sets based on their unique perspectives. 
While the ODFIs are not the paying bank on ACH debits and therefore may 
not be ideal for the survey design and statistical estimation methods, 
their continued inclusion will nonetheless help to inform concerns 
about the accuracy, difficulty, and completeness of estimates 
constructed from both sources. For these reasons, the Board will retain 
the questions as written.
    The comment letter also generally opposes the collection of same-
day ACH data. Questions pertaining to same-day ACH volumes are included 
in the survey forms, in part, to allow the calculation of an aggregate 
fraud rate estimate for the associated fraud. Such data are unavailable 
from other sources, such as the ACH operators. Same-day ACH is 
relatively new, and public discourse has centered around whether ACH 
fraud would increase as a result of the faster settlement requirement. 
Although it is not possible to predict the outcome, the Board expects 
that the inclusion of the questions will help to inform concerns about 
data validity and estimate quality. The Board will retain the questions 
about same-day ACH payment and fraud volumes as written.
    The comment letter asserts that the Board has singled out same-day 
ACH for the collection of fraud information while not asking ``parties 
in other so-called faster'' payment systems for fraud information. The 
FR 3066a, however, does collect fraud information about person-to-
person (P2P) payments processed by the depository institutions,

[[Page 33266]]

which is generally viewed as a faster payment alternative offered by 
those depository institutions. In addition, the FR 3066b attempts to 
collect comprehensive fraud data from P2P and money transfer 
processors, including those processors offering faster payment methods. 
The Board will retain the questions as written.

    Board of Governors of the Federal Reserve System, July 9, 2019.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2019-14874 Filed 7-11-19; 8:45 am]
 BILLING CODE 6210-01-P