Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 58057-58058 [2020-20506]

Download as PDF Federal Register / Vol. 85, No. 181 / Thursday, September 17, 2020 / Notices For media inquiries, please call 202– 452–2955. If you need an accommodation for a disability, please contact Penelope Beattie on 202–375– 1103. For the hearing impaired only, please use the Telecommunication Device for the Deaf (TDD) on 202–263– 4869. MATTERS TO BE CONSIDERED: Discussion Agenda 1. Advance Notice of Proposed Rulemaking on the Community Reinvestment Act Regulation. The documentation package (staff memos to the Board and background materials) will be available on the Board’s website approximately 20 minutes before the start of the meeting. Due to the current pandemic, no paper copies will be available. A recording and electronic transcript of the meeting will be available after the meeting on the Board’s website. http:// www.federalreserve.gov/aboutthefed/ boardmeetings/. CONTACT PERSON FOR MORE INFORMATION: Michelle Smith, Director, or Susan Stawick, Sr. Media Relations Specialist, Division of Board Members at 202–452– 2955. You may access the Board’s website at www.federalreserve.gov for an electronic announcement. (The website also includes procedural and other information about the open meeting.) Dated: September 14, 2020. Ann Misback, Secretary of the Board. [FR Doc. 2020–20591 Filed 9–15–20; 4:15 pm] 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 ad hoc clearance for the Survey of Household Economics and Decisionmaking (SHED) (FR 3077; OMB No. 7100–0374). The revisions are effective immediately. 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. jbell on DSKJLSW7X2PROD with NOTICES AGENCY: VerDate Sep<11>2014 17:37 Sep 16, 2020 Jkt 250001 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 collections of information 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 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 Household Economics and Decisionmaking (SHED). Agency form number: FR 3077. OMB control number: 7100–0374. Effective Date: The revisions are effective immediately. Frequency: Annually; On occasion. Respondents: The Board expects that the respondents would include a nationally representative sample of noninstitutionalized individuals 1 who are 18 years of age and older. Due to the nature of the third-party vendor’s respondent pool, this sample naturally includes repeat respondents, which allows for evaluating changes in respondents’ economic conditions, as well as time series analysis. In 2019, the Board changed how respondents were selected to participate in the SHED questionnaire to more closely reflect a nationally representative sample. Thus, effective with the 2019 questionnaire, the respondent panel no longer contained a 1 Non-institutionalized individuals refers to individuals who are not inmates of institutions, such as those who are incarcerated or live in a retirement home, hospital, or other medical institution, as well as active duty military. PO 00000 Frm 00025 Fmt 4703 Sfmt 4703 58057 low- and moderate-income oversample. Instead, the same number of respondents were interviewed but those respondents were drawn as a random sample of adults, rather than by attempting to sample a disproportionate share of low- and moderate-income adults. This change was made to obtain a respondent sample that more closely reflects the overall adult population and to reflect that these deviations from a nationally representative sample were no longer necessary for analyses of these populations given the current size of the SHED respondent pool. Effective with the 2018 SHED questionnaire, the respondent panel also no longer included an explicit sample of repeat respondents. Because approximately one-fifth of the vendor’s total online respondent pool for the questionnaire is already comprised of repeat respondents, a substantial fraction of questionnaire respondents are repeat respondents without the need to have an explicit repeat sample. The Board plans to continue to sample a nationally representative pool of respondents without an oversample of low- and moderate-income individuals and without an explicit repeat sample group. Estimated number of respondents: Quantitative survey, 21,500 respondents; qualitative survey, 30 respondents. Estimated average hours per response: Quantitative survey, 0.35; qualitative survey, 2. Estimated annual burden hours: Quantitative survey, 7,525; qualitative survey, 180. General description of report: The FR 3077 questionnaire is used to collect insightful information from consumers concerning the well-being of U.S. households and how individuals and their families are faring in the economy. The collected information could be used for the Board’s Report on the Economic Well-Being of U.S. Households; Board studies or working papers; professional journals; the Federal Reserve Bulletin; testimony and reports to the Congress; or other vehicles. The SHED questionnaire includes such topics as individuals’ overall financial wellbeing, employment experiences, income and savings behaviors, economic preparedness, access to banking and credit, housing and living arrangement decisions, education and human capital, student loans, and retirement planning. The overall content of the SHED questionnaire depends on changing economic, regulatory, or legislative developments as well as changes in the financial services industry. E:\FR\FM\17SEN1.SGM 17SEN1 58058 Federal Register / Vol. 85, No. 181 / Thursday, September 17, 2020 / Notices jbell on DSKJLSW7X2PROD with NOTICES Legal authorization and confidentiality: Section 2A of the Federal Reserve Act requires that the Board 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 moderate long-term interest rates (12 U.S.C. 225a). The Board uses the information obtained from the FR 3077 to help fulfill these obligations. The FR 3077 is a voluntary information collection. Personally identifiable information collected on the SHED questionnaire, which would identify individual respondents, will be withheld under exemption 6 of the Freedom of Information Act (FOIA). Exemption 6 of the FOIA protects information from being disclosed that would result in an unwarranted invasion of personal privacy (5 U.S.C. 552(b)(6)). In the event cognitive interviews are conducted with select individuals to obtain qualitative feedback regarding an individual respondent’s thoughts or reflections on the questions posed in the SHED questionnaire, both the questions posed to the individual respondent and their responses would be protected by exemption 6 of the FOIA (5 U.S.C. 552(b)(6)). Current actions: On May 11, 2020, the Board published an initial notice in the Federal Register (85 FR 27742) requesting public comment for 60 days on the extension, with revision, of the FR 3077. The Board proposed to revise the SHED questionnaire by changing some of the core questionnaire questions to reduce the time respondents spend on specific questions by simplifying the language, as well as incorporating additional questions on emerging economic issues, and removing questions that do not require that new data be collected on an annual basis. The comment period for this notice expired on July 10, 2020. The Board received one comment. Detailed Discussion of Public Comments The one commenter expressed support for the data collection while urging the Board to include a general life satisfaction question in addition to financial satisfaction metrics. The Board agrees with the commenter’s suggestion that general life satisfaction questions are worthy of consideration for the survey; however, because space on the survey is limited and the survey primarily focuses on financial outcomes, the Board has opted not to incorporate the suggested question into VerDate Sep<11>2014 17:37 Sep 16, 2020 Jkt 250001 the proposed core question set. However, the survey instrument is structured to include additional topics beyond the core question set, which are included in the survey periodically. Recognizing the value of the commenter’s proposed question, the Board will include the suggested life satisfaction questions as potential adhoc questions to ask this year or in future years of the survey, pending space on the overall survey instrument. Board of Governors of the Federal Reserve System, September 14, 2020. Michele Taylor Fennell, Assistant Secretary of the Board. [FR Doc. 2020–20506 Filed 9–16–20; 8:45 am] BILLING CODE 6210–01–P FEDERAL RESERVE SYSTEM Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company The notificants listed below have applied under the Change in Bank Control Act (Act) (12 U.S.C. 1817(j)) and § 225.41 of the Board’s Regulation Y (12 CFR 225.41) to acquire shares of a bank or bank holding company. The factors that are considered in acting on the applications are set forth in paragraph 7 of the Act (12 U.S.C. 1817(j)(7)). The public portions of the applications listed below, as well as other related filings required by the Board, if any, are available for immediate inspection at the Federal Reserve Bank(s) indicated below and at the offices of the Board of Governors. This information may also be obtained on an expedited basis, upon request, by contacting the appropriate Federal Reserve Bank and from the Board’s Freedom of Information Office at https://www.federalreserve.gov/foia/ request.htm. Interested persons may express their views in writing on the standards enumerated in paragraph 7 of the Act. Comments regarding each of these applications must be received at the Reserve Bank indicated or the offices of the Board of Governors, Ann E. Misback, Secretary of the Board, 20th Street and Constitution Avenue NW, Washington, DC 20551–0001, not later than October 2, 2020. A. Federal Reserve Bank of Boston (Prabal Chakrabarti, Senior Vice President) 600 Atlantic Avenue, Boston, Massachusetts 02210–2204. Comments can also be sent electronically to BOS.SRC.Applications.Comments@ bos.frb.org: 1. The Vanguard Group, Inc., Malvern, Pennsylvania; on behalf of PO 00000 Frm 00026 Fmt 4703 Sfmt 4703 itself, its subsidiaries and affiliates, including investment companies registered under the Investment Company Act of 1940, other pooled investment vehicles, and institutional accounts that are sponsored, managed, or advised by Vanguard; to acquire more than 15 percent of the voting shares of Citizen’s Financial Group, Inc., and thereby indirectly acquire voting shares of Citizen’s Bank, National Association, both of Providence, Rhode Island. B. Federal Reserve Bank of Minneapolis (Chris P. Wangen, Assistant Vice President), 90 Hennepin Avenue, Minneapolis, Minnesota 55480–0291: 1. Peter Anderson, individually, and together with Marie Anderson, Karen Schumacher, and Cole Anderson, all of Drayton, North Dakota; members of the Anderson Family Group, a group acting in concert, to retain voting shares of Koda Bancor, Inc., Drayton, North Dakota, and thereby indirectly retain voting shares of KodaBank, Drayton, North Dakota; and Wall Street Holding Company and Bank of Hamilton, both of Hamilton, North Dakota. 2. The KodaBank Employee Stock Ownership Plan, Drayton, North Dakota; Peter Anderson, Drayton, North Dakota; Douglas Taylor; Grand Forks, North Dakota; and Dean Crotty, Bemidji, Minnesota, as co-trustees; as members of a group acting in concert, to retain voting shares of Koda Bancor, Inc., Drayton, North Dakota, and thereby indirectly retain voting shares of KodaBank, Drayton, North Dakota; and Wall Street Holding Company and Bank of Hamilton, both of Hamilton, North Dakota. Board of Governors of the Federal Reserve System, September 14, 2020. Yao-Chin Chao, Assistant Secretary of the Board. [FR Doc. 2020–20540 Filed 9–16–20; 8:45 am] BILLING CODE 6210–01–P DEPARTMENT OF DEFENSE GENERAL SERVICES ADMINISTRATION NATIONAL AERONAUTICS AND SPACE ADMINISTRATION [OMB Control No. 9000–0138; Docket No. 2020–0053; Sequence No. 9] Information Collection; Contract Financing Department of Defense (DOD), General Services Administration (GSA), and National Aeronautics and Space Administration (NASA). AGENCY: E:\FR\FM\17SEN1.SGM 17SEN1

Agencies

[Federal Register Volume 85, Number 181 (Thursday, September 17, 2020)]
[Notices]
[Pages 58057-58058]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-20506]


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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, with revision, the 
ad hoc clearance for the Survey of Household Economics and 
Decisionmaking (SHED) (FR 3077; OMB No. 7100-0374). The revisions are 
effective immediately.

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 
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 Household Economics and Decisionmaking 
(SHED).
    Agency form number: FR 3077.
    OMB control number: 7100-0374.
    Effective Date: The revisions are effective immediately.
    Frequency: Annually; On occasion.
    Respondents: The Board expects that the respondents would include a 
nationally representative sample of non-institutionalized individuals 
\1\ who are 18 years of age and older. Due to the nature of the third-
party vendor's respondent pool, this sample naturally includes repeat 
respondents, which allows for evaluating changes in respondents' 
economic conditions, as well as time series analysis.
---------------------------------------------------------------------------

    \1\ Non-institutionalized individuals refers to individuals who 
are not inmates of institutions, such as those who are incarcerated 
or live in a retirement home, hospital, or other medical 
institution, as well as active duty military.
---------------------------------------------------------------------------

    In 2019, the Board changed how respondents were selected to 
participate in the SHED questionnaire to more closely reflect a 
nationally representative sample. Thus, effective with the 2019 
questionnaire, the respondent panel no longer contained a low- and 
moderate-income oversample. Instead, the same number of respondents 
were interviewed but those respondents were drawn as a random sample of 
adults, rather than by attempting to sample a disproportionate share of 
low- and moderate-income adults. This change was made to obtain a 
respondent sample that more closely reflects the overall adult 
population and to reflect that these deviations from a nationally 
representative sample were no longer necessary for analyses of these 
populations given the current size of the SHED respondent pool.
    Effective with the 2018 SHED questionnaire, the respondent panel 
also no longer included an explicit sample of repeat respondents. 
Because approximately one-fifth of the vendor's total online respondent 
pool for the questionnaire is already comprised of repeat respondents, 
a substantial fraction of questionnaire respondents are repeat 
respondents without the need to have an explicit repeat sample.
    The Board plans to continue to sample a nationally representative 
pool of respondents without an oversample of low- and moderate-income 
individuals and without an explicit repeat sample group.
    Estimated number of respondents: Quantitative survey, 21,500 
respondents; qualitative survey, 30 respondents.
    Estimated average hours per response: Quantitative survey, 0.35; 
qualitative survey, 2.
    Estimated annual burden hours: Quantitative survey, 7,525; 
qualitative survey, 180.
    General description of report: The FR 3077 questionnaire is used to 
collect insightful information from consumers concerning the well-being 
of U.S. households and how individuals and their families are faring in 
the economy. The collected information could be used for the Board's 
Report on the Economic Well-Being of U.S. Households; Board studies or 
working papers; professional journals; the Federal Reserve Bulletin; 
testimony and reports to the Congress; or other vehicles. The SHED 
questionnaire includes such topics as individuals' overall financial 
well-being, employment experiences, income and savings behaviors, 
economic preparedness, access to banking and credit, housing and living 
arrangement decisions, education and human capital, student loans, and 
retirement planning. The overall content of the SHED questionnaire 
depends on changing economic, regulatory, or legislative developments 
as well as changes in the financial services industry.

[[Page 58058]]

    Legal authorization and confidentiality: Section 2A of the Federal 
Reserve Act requires that the Board 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 moderate long-term 
interest rates (12 U.S.C. 225a). The Board uses the information 
obtained from the FR 3077 to help fulfill these obligations. The FR 
3077 is a voluntary information collection.
    Personally identifiable information collected on the SHED 
questionnaire, which would identify individual respondents, will be 
withheld under exemption 6 of the Freedom of Information Act (FOIA). 
Exemption 6 of the FOIA protects information from being disclosed that 
would result in an unwarranted invasion of personal privacy (5 U.S.C. 
552(b)(6)). In the event cognitive interviews are conducted with select 
individuals to obtain qualitative feedback regarding an individual 
respondent's thoughts or reflections on the questions posed in the SHED 
questionnaire, both the questions posed to the individual respondent 
and their responses would be protected by exemption 6 of the FOIA (5 
U.S.C. 552(b)(6)).
    Current actions: On May 11, 2020, the Board published an initial 
notice in the Federal Register (85 FR 27742) requesting public comment 
for 60 days on the extension, with revision, of the FR 3077. The Board 
proposed to revise the SHED questionnaire by changing some of the core 
questionnaire questions to reduce the time respondents spend on 
specific questions by simplifying the language, as well as 
incorporating additional questions on emerging economic issues, and 
removing questions that do not require that new data be collected on an 
annual basis. The comment period for this notice expired on July 10, 
2020. The Board received one comment.

Detailed Discussion of Public Comments

    The one commenter expressed support for the data collection while 
urging the Board to include a general life satisfaction question in 
addition to financial satisfaction metrics. The Board agrees with the 
commenter's suggestion that general life satisfaction questions are 
worthy of consideration for the survey; however, because space on the 
survey is limited and the survey primarily focuses on financial 
outcomes, the Board has opted not to incorporate the suggested question 
into the proposed core question set. However, the survey instrument is 
structured to include additional topics beyond the core question set, 
which are included in the survey periodically. Recognizing the value of 
the commenter's proposed question, the Board will include the suggested 
life satisfaction questions as potential ad-hoc questions to ask this 
year or in future years of the survey, pending space on the overall 
survey instrument.

    Board of Governors of the Federal Reserve System, September 14, 
2020.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2020-20506 Filed 9-16-20; 8:45 am]
BILLING CODE 6210-01-P