[Federal Register Volume 80, Number 21 (Monday, February 2, 2015)]
[Notices]
[Pages 5531-5532]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-01887]
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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
[[Page 5532]]
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 To Pretest and Execute the
Following Information Collection
Report title: 2016 Survey of Consumer Finances (SCF).
Agency form number: FR 3059.
OMB Control number: 7100-0287.
Frequency: One-time survey.
Reporters: U.S. families.
Estimated annual reporting hours: Pretest: 188 hours and Main
survey: 8,750 hours.
Estimated average hours per response: Pretest, 75 minutes; and Main
survey, 75 minutes.
Number of respondents: Pretest, 150; and Main survey, 7,000.
General description of report: This information collection is
voluntary (12 U.S.C. 225a. and 263). The information collected on the
FR 3059 is exempt from disclosure in identifiable form under the
Confidential Information Protection and Statistical Efficiency Act
(CIPSEA) and section (b)(3) of the Freedom of Information Act. (44
U.S.C. 3501, note, and 5 U.S.C. 552(b)(3)).
Abstract: This would be the twelfth triennial SCF since 1983, the
beginning of the current series. This survey is the only source of
representative information on the structure of U.S. families' finances.
The survey would collect data on the assets, debts, income, work
history, pension rights, use of financial services, and attitudes of a
sample of U.S. families. Because the ownership of some assets is
relatively concentrated in a small number of families, the survey would
make a special effort to ensure proper representation of such assets by
systematically oversampling wealthier families.
Current Actions: On October 29, 2014, the Federal Reserve published
a notice in the Federal Register (79 FR 64388) requesting public
comment for 60 days regarding the pretest and execution of the 2016
Survey of Consumer Finances (SCF). The comment period for this notice
expired on December 29, 2014. The Federal Reserve did not receive any
comments. The survey will be conducted as proposed.
Final Approval Under OMB Delegated Authority of the Extension for Three
Years, Without Revision, of the Following Information Collection
Report title: The Recordkeeping and Disclosure Requirements
Associated with the Guidance on Response Programs for Unauthorized
Access to Customer Information.
Agency form number: FR 4100.
OMB control number: 7100-0309.
Frequency: Develop customer notice, one-time; Incident
notification, event-generated.
Reporters: Financial institutions.
Estimated annual reporting hours: Develop response program, 456
hours; Incident notification, 5,436 hours.
Estimated average hours per response: Develop response program, 24
hours; Incident notification, 36 hours.
Number of respondents: Develop response program, 19; Incident
notification, 151.
General description of report: This information collection is
mandatory (15 U.S.C. 6801(b)). Since the Federal Reserve does not
collect information associated with the FR 4100, any issue of
confidentiality would not generally be an issue. However,
confidentiality may arise if the Federal Reserve were to obtain a copy
of a customer notice during the course of an examination or were to
receive a copy of a Suspicious Activity Report (SAR; FR 2230; OMB No.
7100-0212). In such cases the information would be exempt from
disclosure to the public under the Freedom of Information Act (5 U.S.C
552(b)(3), (4), and (8)). Also, a federal employee is prohibited by law
from disclosing a SAR or the existence of a SAR (31 U.S.C. 5318(g)).
Abstract: The FR 4100 is the information collection associated with
the Interagency Guidance on Response Programs for Unauthorized Access
to Customer Information and Customer Notice (security guidelines),
which was published in the Federal Register in March 2005 (70 FR
15736). Trends in customer information theft and the accompanying
misuse of that information led to the issuance of these security
guidelines applicable to financial institutions. The security
guidelines are designed to facilitate timely and relevant notification
to affected customers and the appropriate regulatory authority of the
financial institutions. The security guidelines provide specific
direction regarding the development of response programs and customer
notifications.
Current Actions: On October 29, 2014, the Federal Reserve published
a notice in the Federal Register (79 FR 64388) requesting public
comment for 60 days on the extension, without revision, of the
Recordkeeping and Disclosure Requirements Associated with the Guidance
on Response Programs for Unauthorized Access to Customer Information.
The comment period for this notice expired on December 29, 2014. The
Federal Reserve did not receive any comments. The information
collection will be extended as proposed.
Board of Governors of the Federal Reserve System, January 28,
2015.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2015-01887 Filed 1-30-15; 8:45 am]
BILLING CODE 6210-01-P