Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 65044 [2020-22686]
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65044
Federal Register / Vol. 85, No. 199 / Wednesday, October 14, 2020 / Notices
www.fmc.gov/P2-20. Replies filed in
response to the Petition will also be
posted on the Commission’s website at
this location.
Final Approval Under OMB Delegated
Authority of the Extension for Three
Years, Without Revision, of the
Following Information Collection
Rachel Dickon,
Secretary.
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,
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
[FR Doc. 2020–22722 Filed 10–13–20; 8:45 am]
BILLING CODE 6730–02–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.
AGENCY:
The Board of Governors of the
Federal Reserve System (Board) is
adopting a proposal to extend for three
years, without revision, the Consumer
and Stakeholder Surveys (FR 3073;
OMB No. 7100–0359).
SUMMARY:
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.
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.
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SUPPLEMENTARY INFORMATION:
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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.’’
Current actions: On July 21, 2020, the
Board published a notice in the Federal
Register (85 FR 44078) requesting
public comment for 60 days on the
extension, without revision, of the FR
3073. The comment period for this
notice expired on September 21, 2020.
The Board did not receive any
comments.
Board of Governors of the Federal Reserve
System, October 7, 2020.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2020–22686 Filed 10–13–20; 8:45 am]
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E:\FR\FM\14OCN1.SGM
14OCN1
Agencies
[Federal Register Volume 85, Number 199 (Wednesday, October 14, 2020)]
[Notices]
[Page 65044]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-22686]
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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
Consumer and Stakeholder Surveys (FR 3073; OMB No. 7100-0359).
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, Without Revision, of 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, 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.''
Current actions: On July 21, 2020, the Board published a notice in
the Federal Register (85 FR 44078) requesting public comment for 60
days on the extension, without revision, of the FR 3073. The comment
period for this notice expired on September 21, 2020. The Board did not
receive any comments.
Board of Governors of the Federal Reserve System, October 7,
2020.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2020-22686 Filed 10-13-20; 8:45 am]
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