[Federal Register Volume 80, Number 85 (Monday, May 4, 2015)]
[Notices]
[Pages 25292-25293]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-10280]
-----------------------------------------------------------------------
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. 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--Mark Tokarski--
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.
SUPPLEMENTARY INFORMATION:
Final approval under OMB delegated authority of the extension for
three years, without revision, of the following report:
Report title: Recordkeeping Requirements Associated with Real
Estate Appraisal Standards for Federally Related Transactions Pursuant
to Regulations H and Y.
Agency form number: FR H-4.
OMB control number: 7100-0250.
Frequency: Event-generated.
Reporters: State member banks (SMBs) and nonbank subsidiaries of
bank holding companies (BHCs).
Estimated annual reporting hours: SMBs, 31,820 hours; nonbank
subsidiaries of BHCs, 11,813 hours.
Estimated average hours per response: SMBs, 0.25; nonbank
subsidiaries of BHCs, 0.25.
Number of respondents: SMBs, 860; nonbank subsidiaries of BHCs,
613.
General description of report: The recordkeeping requirements of
this information collection are mandatory (12 U.S.C. 3339). Since the
Federal Reserve does not collect this information, confidentiality is
not generally an issue. However, if the Federal Reserve were to collect
a copy of the appraisal report during an examination, the documents
could be exempt from disclosure under FOIA (5 U.S.C 552(b)(4) and
(b)(8)).
Abstract: For federally related transactions, Title XI of the
Financial Institutions Reform, Recovery, and Enforcement Act of 1989
(FIRREA) requires SMBs and BHCs with credit-extending nonbank
subsidiaries to use appraisals prepared in accordance with the Uniform
Standards of Professional Appraisal Practice promulgated by the
Appraisal Standards Board of the Appraisal Foundation. Generally, these
standards include the methods and techniques used to analyze a property
as well as the requirements for reporting such analysis and a value
conclusion in the appraisal. SMBs and BHCs with credit-extending
nonbank subsidiaries are expected to maintain records that demonstrate
that appraisals used in their real estate-related lending activities
comply with these regulatory requirements. There is no formal reporting
form.
Current Actions: On February 12, 2015, the Federal Reserve
published a notice in the Federal Register (80 FR 7866) requesting
public comment for 60 days on the extension, without revision, of the
FR H-4. The comment period for this notice expired on April 13, 2015.
The Federal Reserve did not receive any comments. The information
collection will be extended for three years, without revision, as
proposed.
Final approval, under OMB delegated authority to implement the
following information collection:
Report title: Federal Reserve Board Public Web Site Usability
Survey.
Agency form number: FR 3076.
OMB control number: 7100--to be assigned.
Frequency: On occasion.
Reporters: Consumers, media, economists, financial institutions,
nonprofits, community development organizations, consumer groups, state
or local agencies, and researchers from academic, government, policy
and other institutions.
Estimated annual reporting hours: Surveys, 300 hours; and Focus
Groups, 120 hours.
Estimated average hours per response: Surveys, 0.25 hours; and
Focus Groups, 1.50 hours.
Number of respondents: Surveys, 100; and Focus Groups, 20.
General description of report: This information collection is
generally authorized under section 2B of the Federal Reserve Act, as
amended, that requires the Board to provide certain reports, audits,
and other information that ``the Board reasonably believes is necessary
or helpful to the public in understating the accounting, financial
reporting, and internal controls of the Board and the Federal reserve
banks''
[[Page 25293]]
(12 U.S.C. 225b(c)). In addition, the Board uses its Web site to
provide the public information about a variety of other matters,
including information about the Board, its actions, and the economy.
The responses to this survey will help the Board to determine how
effective its communications are as the Board strives to fulfill its
statutory mission to ``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). Participation in the FR 3076 would be voluntary and the
information collected on these surveys is not considered confidential.
Thus, no issue of confidentiality arises.
Abstract: The Board would use the FR 3076 survey to obtain feedback
from the public users of the Federal Reserve Board's public Web site,
social media, outreach, and communication responsibilities. This
collection would seek input from users or potential users to understand
their interests and needs; to help make informed decisions concerning
content, design, and dissemination strategies; to gauge public
awareness of its offerings and resources; and to assess the
effectiveness of its communications with various audiences.
The FR 3076 would be used to gather qualitative and quantitative
information directly from users or potential users of the Board's Web
site such as the public, the Congress, other government agencies,
economic educators, economists, financial institutions, financial
literacy groups, and community development groups and more.
Web pages may include press releases, data releases and download,
reports, supervision manuals, brochures, new Web pages, audio, video,
and use of social media. Information gathered may also include general
input on users' interests and needs, feedback on Web site navigation
and layout, distribution channels, or other factors which may affect
the ability of users to locate and access content online.
Qualitative surveys include data gathering methods such as focus
groups and individual interviews. Quantitative surveys include surveys
conducted online or via mobile device, by phone or by mail, emails, or
a combination of these methods. The Board may choose to contract with
an outside vendor to conduct focus groups, interviews, or surveys; or
the Board may choose to collect the data directly.
As FederalReserve.gov continues to evolve, the Board may seek input
from users or potential users of Board's public Web site on questions
such as:
Did you find the content and layout relevant and of value?
How did you find the content you were looking for?
Was the navigation useful?
How did you learn about the content?
How did you access the content? (e.g.: paper copy
distributed at an event, online, or mobile device). If online or
through a mobile device, was the document printed, viewed on a tablet,
or on a computer screen?
What suggestions do you have for improving the format and
appearance of online presentation? (e.g.: readability--font size,
charts, and graphs; organization of information; and navigating--
indexing, search tools, and links).
What other information would be of value to enhance the
online tool or information?
Participation in the FR 3076 would be voluntary.
Current Actions: On February 12, 2015, the Federal Reserve
published a notice in the Federal Register (80 FR 7866) requesting
public comment for 60 days on the implementation of the FR 3076. The
comment period for this notice expired on April 13, 2015. The Federal
Reserve did not receive any comments. The information collection will
be implemented, as proposed.
Board of Governors of the Federal Reserve System, April 28,
2015.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2015-10280 Filed 5-1-15; 8:45 am]
BILLING CODE 6210-01-P