Agency Information Collection Activities: Announcement of Board Approval under Delegated Authority and Submission to OMB, 44079-44080 [2020-15405]

Download as PDF Federal Register / Vol. 85, No. 140 / Tuesday, July 21, 2020 / Notices jbell on DSKJLSW7X2PROD with NOTICES e. Estimates of capital or startup costs and costs of operation, maintenance, and purchase of services to provide information. At the end of the comment period, the comments and recommendations received will be analyzed to determine the extent to which the Board should modify the proposal. Proposal Under OMB Delegated Authority To Extend for Three Years, Without Revision, the Following Information Collection Report title: Consumer and Stakeholder Surveys. Agency form number: FR 3073. OMB control number: 7100–0359. Frequency: As needed. Respondents: Consumers and other stakeholders. Estimated number of respondents: Consumer quantitative surveys (medium): 3,000; consumer quantitative surveys (large): 6,000; consumer qualitative surveys: 50; stakeholder quantitative surveys: 1,500; stakeholder qualitative surveys: 50. Estimated average hours per response: Consumer quantitative surveys (medium): 0.25; consumer quantitative surveys (large): 0.4; consumer qualitative surveys: 1.5; stakeholder quantitative surveys: 0.25; stakeholder qualitative surveys: 1.5. Estimated annual burden hours: Consumer quantitative surveys (medium): 3,000; consumer quantitative surveys (large): 4,800; consumer qualitative surveys: 600; stakeholder quantitative surveys: 3,000; stakeholder qualitative surveys: 600; total: 12,000. General description of report: 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 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, VerDate Sep<11>2014 17:42 Jul 20, 2020 Jkt 250001 44079 as well as changes in technology, business practices, and other factors affecting consumers, stakeholders, and communities. Legal authorization and confidentiality: The FR 3073 is authorized by sections 2A and 12A of the Federal Reserve Act (FRA). Section 2A of the FRA requires that the Board and the Federal Open Market Committee (FOMC) ‘‘maintain long run growth of the monetary and credit aggregates commensurate with the economy’s long run potential to increase production, so as to promote effectively the goals of the maximum employment, stable prices, and moderate long-term interest rates.’’ Under section 12A of the FRA, the FOMC is required to implement regulations relating to the open market operations conducted by Federal Reserve Banks ‘‘with a view to accommodating commerce and business and with regard to their bearing upon the general credit situation of the country.’’ The information collection under the FR 3073 is used to fulfill these obligations. In addition, the Board is responsible for implementing and drafting regulations and interpretations for various consumer protection laws. The information obtained from the FR 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 those consumer protection statutes. The ability of the Board 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.’’ FEDERAL RESERVE SYSTEM Board of Governors of the Federal Reserve System, July 13, 2020. Michele Taylor Fennell, Assistant Secretary of the Board. Final Approval Under OMB Delegated Authority of the Extension for Three Years, With Revision, of the Following Information Collection Report title: Survey of Small Business and Farm Lending. [FR Doc. 2020–15402 Filed 7–20–20; 8:45 am] BILLING CODE 6210–01–P PO 00000 Frm 00041 Fmt 4703 Sfmt 4703 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 Survey of Small Business and Farm Lending (FR 2028; OMB No. 7100–0061). The revisions are effective for the December 31, 2020, asof date with the transmission period beginning on January 18, 2021, based on loan activity over the fourth quarter 2020. 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. SUPPLEMENTARY INFORMATION: 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. On June 15, 1984, OMB delegated to the Board authority under the PRA to approve and assign OMB control numbers to collections of information conducted or sponsored by the Board. 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 instrument(s) are placed into OMB’s public docket files. AGENCY: E:\FR\FM\21JYN1.SGM 21JYN1 jbell on DSKJLSW7X2PROD with NOTICES 44080 Federal Register / Vol. 85, No. 140 / Tuesday, July 21, 2020 / Notices Agency form number: FR 2028. OMB control number: 7100–0061. Effective Date: The revisions are effective for the December 31, 2020, asof date with the transmission period beginning on January 18, 2021, based on loan activity over the fourth quarter 2020. Frequency: Quarterly. Respondents: Domestically chartered commercial banks. Estimated number of respondents: FR 2028B: 250; FR 2028S: 250; FR 2028D: 398. Estimated average hours per response: FR 2028B: 1.4; FR 2028S: 0.1; FR 2028D: 3. Estimated annual burden hours: FR 2028B: 1,400; FR 2028S: 100; FR 2028D: 4,776. General description of report: The Survey of Small Business and Farm Lending (previously the Survey of Terms of Lending) collects unique information concerning price and certain nonprice terms of loans made to businesses and farmers each quarter (February, May, August, and November). The FR 2028B collects detailed data on individual loans funded during the first full business week of the mid-month of each quarter and the FR 2028S collects the prime interest rate for each day of the survey week from FR 2028B respondents. The FR 2028D provides focused and enhanced information on small business lending including rates, terms, credit availability, and reasons for their changes. The FR 2028D collects quarterly average quantitative data on terms of small business loans and qualitative information on changes and the reasons for changes in the terms of lending. From these sample data, estimates of the terms of business loans and farm loans extended are constructed. The aggregate estimates for business loans are published in the Federal Reserve Bank of Kansas City’s quarterly release, Small Business Lending Survey, and aggregate estimates for farm loans are published in the statistical release, Agricultural Finance Databook. Legal authorization and confidentiality: The FR 2028 is authorized by section 11(a)(2) of the Federal Reserve Act (12 U.S.C. 248(a)(2)), which authorizes the Board to require any depository institution to make such reports of its assets and liabilities as the Board may determine to be necessary or desirable to enable the Board to discharge its responsibilities to monitor and control monetary and credit aggregates. The FR 2028 survey submissions are voluntary. VerDate Sep<11>2014 17:42 Jul 20, 2020 Jkt 250001 Individual respondents may request that information submitted to the Board through a survey under FR 2028 be kept confidential. If a respondent requests confidential treatment, the Board will determine whether the information is entitled to confidential treatment on a case-by-case basis. The Board will consider whether information collected through these surveys may be kept confidential under exemption 4 for the Freedom of Information Act (FOIA), which protects privileged or confidential commercial or financial information (5 U.S.C. 552(b)(4)), or any other applicable FOIA exemption. Current actions: On March 2, 2020, the Board published a notice in the Federal Register (85 FR 12298) requesting public comment for 60 days on the extension, with revision, of the FR 2028. The Federal Reserve proposed to implement changes to the form and instructions of the FR 2028D. The revisions consist of deleting and adding items, and modifying or clarifying instructions of existing data items. The Federal Reserve is making most of these changes in an effort to reduce reporting burden for firms, clarify the expectations around and the intent of reporting instructions and requirements, and to improve data quality. A limited number of revisions would add items to increase clarity in quantitative loan data. No changes are being made to the FR 2028B and FR 2028S. The comment period for this notice expired on May 1, 2020. The Board received two comment letters from two banks. One commenter stated that the survey is burdensome and made a suggestion on how to reduce burden by formatting the requested data in a form that can be more easily automated and uploaded. Most of the revisions to the survey are intended to reduce respondent burden while still maintaining the survey’s core purpose, which is to provide economists, policymakers, and the general public with crucial small business lending data. These revisions include the removal of over 35% of the survey line items and further clarification to the definition of a small business loan. These revisions should alleviate some of the burden incurred while gathering survey data. The current format of the data is used to collect the valuable qualitative data as well as the quantitative data. However, the Federal Reserve is exploring opportunities to move the survey to an automated platform that increases standardization of the data collection with other series collected by the Federal Reserve’s Statistics business line. Another commenter supported the proposed revisions. PO 00000 Frm 00042 Fmt 4703 Sfmt 4703 The Board adopted the extension, with revision, of the FR 2028 as originally proposed effective for the December 31, 2020, as-of date. Board of Governors of the Federal Reserve System, July 13, 2020. Michele Taylor Fennell, Assistant Secretary of the Board. [FR Doc. 2020–15405 Filed 7–20–20; 8:45 am] BILLING CODE 6210–01–P FEDERAL TRADE COMMISSION [File No. 191 0198] Elanco Animal Health and Bayer Animal Health; Analysis of Agreement Containing Consent Orders To Aid Public Comment Federal Trade Commission. Proposed consent agreement; request for comment. AGENCY: ACTION: The consent agreement in this matter settles alleged violations of federal law prohibiting unfair methods of competition. The attached Analysis to Aid Public Comment describes both the allegations in the complaint and the terms of the consent order—embodied in the consent agreement—that would settle these allegations. DATES: Comments must be received on or before August 20, 2020. ADDRESSES: Interested parties may file comments online or on paper, by following the instructions in the Request for Comment part of the SUPPLEMENTARY INFORMATION section below. Please write: ‘‘Elanco and Bayer; File No. 191 0198’’ on your comment, and file your comment online at https:// www.regulations.gov by following the instructions on the web-based form. If you prefer to file your comment on paper, please mail your comment to the following address: Federal Trade Commission, Office of the Secretary, 600 Pennsylvania Avenue NW, Suite CC–5610 (Annex D), Washington, DC 20580; or deliver your comment to the following address: Federal Trade Commission, Office of the Secretary, Constitution Center, 400 7th Street SW, 5th Floor, Suite 5610 (Annex D), Washington, DC 20024. FOR FURTHER INFORMATION CONTACT: Joseph Lipinsky (206–220–4473), Bureau of Competition, Federal Trade Commission, 600 Pennsylvania Avenue NW, Washington, DC 20580. SUPPLEMENTARY INFORMATION: Pursuant to Section 6(f) of the Federal Trade Commission Act, 15 U.S.C. 46(f), and FTC Rule 2.34, 16 CFR 2.34, notice is hereby given that the above-captioned SUMMARY: E:\FR\FM\21JYN1.SGM 21JYN1

Agencies

[Federal Register Volume 85, Number 140 (Tuesday, July 21, 2020)]
[Notices]
[Pages 44079-44080]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-15405]


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

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 
Survey of Small Business and Farm Lending (FR 2028; OMB No. 7100-0061). 
The revisions are effective for the December 31, 2020, as-of date with 
the transmission period beginning on January 18, 2021, based on loan 
activity over the fourth quarter 2020.

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.

SUPPLEMENTARY INFORMATION: 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.
    On June 15, 1984, OMB delegated to the Board authority under the 
PRA to approve and assign OMB control numbers to collections of 
information conducted or sponsored by the Board. 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 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: Survey of Small Business and Farm Lending.

[[Page 44080]]

    Agency form number: FR 2028.
    OMB control number: 7100-0061.
    Effective Date: The revisions are effective for the December 31, 
2020, as-of date with the transmission period beginning on January 18, 
2021, based on loan activity over the fourth quarter 2020.
    Frequency: Quarterly.
    Respondents: Domestically chartered commercial banks.
    Estimated number of respondents: FR 2028B: 250; FR 2028S: 250; FR 
2028D: 398.
    Estimated average hours per response: FR 2028B: 1.4; FR 2028S: 0.1; 
FR 2028D: 3.
    Estimated annual burden hours: FR 2028B: 1,400; FR 2028S: 100; FR 
2028D: 4,776.
    General description of report: The Survey of Small Business and 
Farm Lending (previously the Survey of Terms of Lending) collects 
unique information concerning price and certain nonprice terms of loans 
made to businesses and farmers each quarter (February, May, August, and 
November). The FR 2028B collects detailed data on individual loans 
funded during the first full business week of the mid-month of each 
quarter and the FR 2028S collects the prime interest rate for each day 
of the survey week from FR 2028B respondents. The FR 2028D provides 
focused and enhanced information on small business lending including 
rates, terms, credit availability, and reasons for their changes. The 
FR 2028D collects quarterly average quantitative data on terms of small 
business loans and qualitative information on changes and the reasons 
for changes in the terms of lending. From these sample data, estimates 
of the terms of business loans and farm loans extended are constructed. 
The aggregate estimates for business loans are published in the Federal 
Reserve Bank of Kansas City's quarterly release, Small Business Lending 
Survey, and aggregate estimates for farm loans are published in the 
statistical release, Agricultural Finance Databook.
    Legal authorization and confidentiality: The FR 2028 is authorized 
by section 11(a)(2) of the Federal Reserve Act (12 U.S.C. 248(a)(2)), 
which authorizes the Board to require any depository institution to 
make such reports of its assets and liabilities as the Board may 
determine to be necessary or desirable to enable the Board to discharge 
its responsibilities to monitor and control monetary and credit 
aggregates. The FR 2028 survey submissions are voluntary.
    Individual respondents may request that information submitted to 
the Board through a survey under FR 2028 be kept confidential. If a 
respondent requests confidential treatment, the Board will determine 
whether the information is entitled to confidential treatment on a 
case-by-case basis. The Board will consider whether information 
collected through these surveys may be kept confidential under 
exemption 4 for the Freedom of Information Act (FOIA), which protects 
privileged or confidential commercial or financial information (5 
U.S.C. 552(b)(4)), or any other applicable FOIA exemption.
    Current actions: On March 2, 2020, the Board published a notice in 
the Federal Register (85 FR 12298) requesting public comment for 60 
days on the extension, with revision, of the FR 2028. The Federal 
Reserve proposed to implement changes to the form and instructions of 
the FR 2028D. The revisions consist of deleting and adding items, and 
modifying or clarifying instructions of existing data items. The 
Federal Reserve is making most of these changes in an effort to reduce 
reporting burden for firms, clarify the expectations around and the 
intent of reporting instructions and requirements, and to improve data 
quality. A limited number of revisions would add items to increase 
clarity in quantitative loan data. No changes are being made to the FR 
2028B and FR 2028S. The comment period for this notice expired on May 
1, 2020. The Board received two comment letters from two banks.
    One commenter stated that the survey is burdensome and made a 
suggestion on how to reduce burden by formatting the requested data in 
a form that can be more easily automated and uploaded. Most of the 
revisions to the survey are intended to reduce respondent burden while 
still maintaining the survey's core purpose, which is to provide 
economists, policymakers, and the general public with crucial small 
business lending data. These revisions include the removal of over 35% 
of the survey line items and further clarification to the definition of 
a small business loan. These revisions should alleviate some of the 
burden incurred while gathering survey data. The current format of the 
data is used to collect the valuable qualitative data as well as the 
quantitative data. However, the Federal Reserve is exploring 
opportunities to move the survey to an automated platform that 
increases standardization of the data collection with other series 
collected by the Federal Reserve's Statistics business line. Another 
commenter supported the proposed revisions.
    The Board adopted the extension, with revision, of the FR 2028 as 
originally proposed effective for the December 31, 2020, as-of date.

    Board of Governors of the Federal Reserve System, July 13, 2020.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2020-15405 Filed 7-20-20; 8:45 am]
BILLING CODE 6210-01-P