[Federal Register Volume 79, Number 190 (Wednesday, October 1, 2014)]
[Notices]
[Pages 59263-59264]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-23367]
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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: Notice is hereby given of the final approval of proposed
information collections by the Board of Governors of the Federal
Reserve System (Board) under OMB delegated authority, as per 5 CFR
1320.16 (OMB Regulations on Controlling Paperwork Burdens on the
Public). 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
instrument(s) 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 Acting Clearance Officer--John Schmidt--
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.
Final approval under OMB delegated authority of the extension for
three years, with revision, of the following report:
Report title: Application for Employment with the Board of
Governors of the Federal Reserve System.
Agency form number: FR 28, FR 28i, FR 28s.
OMB control number: 7100-0181.
Frequency: On Occasion.
Reporters: Employment applicants.
Estimated annual reporting hours: 3,558 hours.
Estimated average hours per response: FR 28: 1 hour; FR 28s: 1
minute; FR 28i: 5 minutes.
Number of respondents: FR 28: 3,500; FR 28s: 2,000; FR 28i: 300.
General description of report: This information collection is
required to obtain a benefit and is authorized pursuant to Sections
10(4) and 11(1) of the Federal Reserve Act (12 U.S.C. 244 and 248(1)).
Information provided will be kept confidential under exemption (b)(6)
of the Freedom of Information Act to the extent that the disclosure of
information ``would constitute a clearly unwarranted invasion of
personal privacy.'' 5 U.S.C. 552(b)(6).
Abstract: The Application collects information to determine the
qualifications and availability of applicants for employment with the
Board such as information on education and training, employment record,
military service record, and other information since the time the
applicant left high school. Included with the Application are two
supplemental questionnaires: (1) The Applicant's Voluntary Self-
Identification Form (FR 28s), which collects information on the
applicant's gender and ethnic group and (2) The Research Assistant (RA)
Candidate Survey of Interests (FR 28i), which collects information from
candidates applying for Research Assistant positions on their level of
interest in economics and related areas.
Current Actions: On July 24, 2014, the Federal Reserve published a
notice in the Federal Register (79 FR 43045) requesting public comment
for 60 days on the extension, with revision, of the FR 28, FR 28i, and
FR 28s. The comment period for this notice expired on September 22,
2014. The Federal Reserve did not receive any comments. The revisions
will be implemented as proposed.
Final approval under OMB delegated authority of the extension for
three years, without revision, of the following reports:
1. Report title: Compensation and Salary Surveys.
Agency form number: FR 29a, b.
OMB control number: 7100-0290.
Frequency: FR 29a, annually; FR 29b, on occasion.
Reporters: Employers considered competitors for Federal Reserve
employees.
Estimated annual reporting hours: FR 29a, 210 hours; FR 29b, 50
hours.
Estimated average hours per response: FR 29a, 6 hours; FR 29b, 1
hour.
Number of respondents: 45.
General description of report: This information collection is
authorized pursuant sections 10(4) and 11(1) of the Federal Reserve
Act, (12 U.S.C. section 244 and 248(1)) and is voluntary. These
statutory provisions grant the Federal Reserve Board independence to
determine its employees' salaries and compensation. Individual
respondent data are regarded as confidential under the Freedom of
Information Act (FOIA) (5 U.S.C 552(b)(4) and (6)). Any aggregate
reports produced are not subject to FOIA exemptions.
Abstract: The Federal Reserve along with other Financial
Institutions Reforms, Recovery and Enforcement Act of 1989 (FIRREA)
agencies \1\ conduct the FR 29a survey jointly. The FR 29b is collected
by the Federal Reserve Board. The FR 29a,b collect information on
salaries, employee compensation policies, and other employee programs
from employers that are considered competitors of the Federal Reserve
Board. The data from the surveys primarily are used to determine the
appropriate salary structure and salary adjustments for Federal Reserve
Board employees so that salary ranges are competitive with other
organizations offering similar jobs.
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\1\ For purposes of this proposal the FIRREA agencies consist
of: the Federal Reserve Board, the Office of the Comptroller of the
Currency, the Federal Deposit Insurance Corporation, the National
Credit Union Administration, the Commodities Futures Trading
Commission, the Farm Credit Administration, and the Securities and
Exchange Commission.
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2. Report title: Ongoing Intermittent Survey of Households.
Agency form number: FR 3016.
OMB control number: 7100-0150.
Frequency: On Occasion.
Reporters: Households and individuals.
Estimated annual reporting hours: 633 hours.
Estimated average hours per response: Division of Research &
Statistics, 1.58 minutes; Division of Consumer & Community Affairs
(DCCA), 3 minutes; Other divisions, 5 minutes; and Non-SRC surveys, 90
minutes.
Number of respondents: 500.
General description of report: This information collection is
voluntary and is authorized by the Federal Reserve Act (12 U.S.C. Sec.
225a, 263). No issue of confidentiality normally arises because names
and any other characteristics that would permit personal identification
of respondents are not reported to the Federal Reserve Board. However,
exemption 6 of the Freedom of Information Act (5 U.S.C. 552(b)(6))
would exempt this information from disclosure.
[[Page 59264]]
Abstract: The Federal Reserve uses this voluntary survey to obtain
household-based information specifically tailored to the Federal
Reserve's policy, regulatory, and operational responsibilities.
Currently, the University of Michigan's Survey Research Center (SRC)
includes survey questions on behalf of the Federal Reserve in an
addendum to their regular monthly Survey of Consumer Attitudes and
Expectations. The SRC conducts the survey by telephone with a sample of
500 households and asks questions of special interest to the Federal
Reserve intermittently, as needed. The frequency and content of the
questions depend on changing economic, regulatory, and legislative
developments. The Federal Reserve primarily uses the survey to study
consumer financial decisions, attitudes, and payment behavior.
3. Report title: Recordkeeping Requirements Associated with the
Real Estate Lending Standards Regulation for State Member Banks.
Agency form number: Reg H-5.
OMB control number: 7100-0261.
Frequency: Aggregate report, quarterly; policy statement, annually.
Reporters: State member banks.
Estimated annual reporting hours: 17,000 hours.
Estimated average hours per response: Aggregate report: 5 hours;
Policy statement: 20 hours.
Number of respondents: 850.
General description of report: This information collection is
mandatory pursuant to section 304 of the Federal Deposit Insurance
Corporation Improvement Act of 1991 (FDICIA) (12 U.S.C. 1828(o)) which
authorizes the Federal Reserve to require the recordkeeping
requirements associated with the Board's Regulation H (12 CFR 208.51).
Since the information is not collected by the Federal Reserve, no issue
of confidentiality under the Freedom of Information Act (FOIA) arises.
However, information gathered by the Federal Reserve during
examinations of state member banks would be deemed exempt from
disclosure under exemption 8 of FOIA. 5 U.S.C. 552(b)(8). In addition,
exemptions 4 and 6 of FOIA, (5 U.S.C. 552(b)(4) and (b)(6)) also may
apply to certain data (specifically, individual loans identified as in
excess of supervisory loan-to-value limits) collected in response to
these requirements if gathered by the Federal Reserve, depending on the
particular circumstances. These additional exemptions relate to
confidential commercial and financial information, and personal
information, respectively. Applicability of these exemptions would have
to be determined on a case-by-case basis.
Abstract: State member banks must adopt and maintain a written real
estate lending policy. In addition, banks must identify their loans in
excess of the supervisory loan-to-value limits and report (at least
quarterly) the aggregate amount of the loans to the bank's board of
directors.
Current Actions: On July 24, 2014, the Federal Reserve published a
notice in the Federal Register (79 FR 43045) requesting public comment
for 60 days on the extension, without revision, of the FR 29a, b, FR
3016, and Reg H-5. The comment period for this notice expired on
September 22, 2014. The Federal Reserve did not receive any comments.
Board of Governors of the Federal Reserve System, September 26,
2014.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2014-23367 Filed 9-30-14; 8:45 am]
BILLING CODE 6210-01-P