81 FR 68018 - Proposed Agency Information Collection Activities; Comment Request

FEDERAL RESERVE SYSTEM

Federal Register Volume 81, Issue 191 (October 3, 2016)

Page Range		68018-68019
FR Document		2016-23781

The Board of Governors of the Federal Reserve System (Board or Federal Reserve) invites comment on proposals to extend without revision, the Intermittent Survey of Businesses (FR 1374), and the Domestic Finance Company Report of Consolidated Assets and Liabilities (FR 2248). On June 15, 1984, the Office of Management and Budget (OMB) delegated to the Board authority under the Paperwork Reduction Act (PRA) to approve of and assign OMB control numbers to collection of information requests and requirements conducted or sponsored by the Board. In exercising this delegated authority, the Board is directed to take every reasonable step to solicit comment. In determining whether to approve a collection of information, the Board will consider all comments received from the public and other agencies.

Federal Register, Volume 81 Issue 191 (Monday, October 3, 2016)

[Federal Register Volume 81, Number 191 (Monday, October 3, 2016)]
[Notices]
[Pages 68018-68019]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-23781]



[[Page 68018]]

-----------------------------------------------------------------------

FEDERAL RESERVE SYSTEM


Proposed Agency Information Collection Activities; Comment 
Request

AGENCY: Board of Governors of the Federal Reserve System.

ACTION: Notice for comment regarding the Federal Reserve proposal to 
extend without revision, the clearance under the Paperwork Reduction 
Act for the following information collection activity.

-----------------------------------------------------------------------

SUMMARY: The Board of Governors of the Federal Reserve System (Board or 
Federal Reserve) invites comment on proposals to extend without 
revision, the Intermittent Survey of Businesses (FR 1374), and the 
Domestic Finance Company Report of Consolidated Assets and Liabilities 
(FR 2248).
    On June 15, 1984, the Office of Management and Budget (OMB) 
delegated to the Board authority under the Paperwork Reduction Act 
(PRA) to approve of and assign OMB control numbers to collection of 
information requests and requirements conducted or sponsored by the 
Board. In exercising this delegated authority, the Board is directed to 
take every reasonable step to solicit comment. In determining whether 
to approve a collection of information, the Board will consider all 
comments received from the public and other agencies.

DATES: Comments must be submitted on or before December 2, 2016.

ADDRESSES: You may submit comments, identified by FR 1374 or FR 2248, 
by any of the following methods:
     Agency Web site: http://www.federalreserve.gov. Follow the 
instructions for submitting comments at http://www.federalreserve.gov/apps/foia/proposedregs.aspx .
     Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments.
     Email: [email protected]. Include OMB 
number in the subject line of the message.
     FAX: (202) 452-3819 or (202) 452-3102.
     Mail: Robert deV. Frierson, Secretary, Board of Governors 
of the Federal Reserve System, 20th Street and Constitution Avenue NW., 
Washington, DC 20551.
    All public comments are available from the Board's Web site at 
http://www.federalreserve.gov/apps/foia/proposedregs.aspx as submitted, 
unless modified for technical reasons. Accordingly, your comments will 
not be edited to remove any identifying or contact information. Public 
comments may also be viewed electronically or in paper form in Room 
3515, 1801 K Street (between 18th and 19th Streets NW.), Washington, DC 
20006 between 9:00 a.m. and 5:00 p.m. on weekdays.
    Additionally, commenters may send a copy of their comments to the 
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.

FOR FURTHER INFORMATION CONTACT: A copy of the PRA OMB submission, 
including the proposed reporting form and instructions, supporting 
statement, and other documentation will be placed into OMB's public 
docket files, once approved. These documents will also be made 
available on the Federal Reserve Board's public Web site at: http://www.federalreserve.gov/apps/reportforms/review.aspx or may be requested 
from the agency clearance officer, whose name appears below.
    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. Telecommunications Device 
for the Deaf (TDD) users may contact (202) 263-4869, Board of Governors 
of the Federal Reserve System, Washington, DC 20551.

SUPPLEMENTARY INFORMATION: 

Request for Comment on Information Collection Proposals

    The Board invites public comment on the following information 
collection, which is being reviewed under authority delegated by the 
OMB under the PRA. Comments are invited on the following:
    a. Whether the proposed collection of information is necessary for 
the proper performance of the Federal Reserve's functions; including 
whether the information has practical utility;
    b. The accuracy of the Federal Reserve's estimate of the burden of 
the proposed information collection, including the validity of the 
methodology and assumptions used;
    c. Ways to enhance the quality, utility, and clarity of the 
information to be collected;
    d. Ways to minimize the burden of information collection on 
respondents, including through the use of automated collection 
techniques or other forms of information technology; and
    e. Estimates of capital or startup costs and costs of operation, 
maintenance, and purchase of services to provide information.
    At the end of the comment period, the comments and recommendations 
received will be analyzed to determine the extent to which the Federal 
Reserve should modify the proposed revisions prior to giving final 
approval.

Proposal To Approve Under OMB Delegated Authority the Extension for 
Three Years, Without Revision, of the Following Reports

    1. Report title: Intermittent Survey of Business.
    Agency form number: FR 1374.
    OMB control number: 7100-0302.
    Frequency: On occasion.
    Respondents: Businesses and state and local governments.
    Estimated number of respondents: 2,410.
    Estimated average hours per response: 15 minutes.
    Estimated annual burden hours: 1,825 hours.
    General Description of Report: The survey data are used by the 
Federal Reserve to gather information specifically tailored to the 
Federal Reserve's policy and operational responsibilities. There are 
two parts to this event-generated survey. First, under the guidance of 
Federal Reserve economists, the Federal Reserve Banks survey business 
contacts as economic developments warrant. Currently, there are 
approximately 2,400 business respondents for each survey (about 200 per 
Reserve Bank); occasionally state and local government officials are 
called, in which case there are far fewer respondents. It is necessary 
to conduct these surveys to provide timely information to the members 
of the Board and to the presidents of the Reserve Banks. Usually, these 
surveys are conducted by Reserve Bank economists telephoning or 
emailing purchasing managers, economists, or other knowledgeable 
individuals at selected, relevant businesses. Reserve Bank staff may 
also use online survey tools to collect responses to the survey. The 
frequency and content of the questions, as well as the entities 
contacted, vary depending on developments in the economy. Second, 
economists at the Board survey business contacts by telephone, 
inquiring about current business conditions. Board economists conduct 
these surveys as economic conditions require, with approximately ten 
respondents for each survey.
    Legal authorization and confidentiality: The Board's Legal Division 
has determined that the Board is authorized to collect this information 
under sections 2A and 12A of the Federal Reserve Act (12 U.S.C. 225a 
and 263) and that respondent participation

[[Page 68019]]

in the survey is voluntary. Although the names of the participating 
entities might be disclosed in the summary memo and the memo might 
contain information provided to the Board for internal use only, 
exemption 4 of the Freedom of Information Act (5 U.S.C. 552(b)(4)) may 
exempt this information from disclosure to the public. However, if the 
information collected on the FR 1374 does not meet these standards for 
confidentiality (for example if the information collected is already 
public), it would not be granted confidential treatment.
    2. Report title: Domestic Finance Company Report of Consolidated 
Assets and Liabilities.
    Agency form number: FR 2248.
    OMB control number: 7100-0005.
    Frequency: Monthly, quarterly, and semi-annually.
    Respondents: Domestic finance companies and mortgage companies.
    Estimated number of respondents: 450.
    Estimated average hours per response: Monthly, 20 minutes; 
Quarterly, 30 minutes; Addendum, 10 minutes.
    Estimated annual burden hours: 750 hours.
    General Description of Report: The FR 2248 is collected monthly as 
of the last calendar day of the month from a stratified sample of 
finance companies. Each monthly report collects balance sheet data on 
major categories of consumer and business credit receivables and on 
major short-term liabilities. For quarter-end months (March, June, 
September, and December), additional asset and liability items are 
collected to provide a full balance sheet. A supplemental section 
collects data on securitized assets. The data are used to construct 
universe estimates of finance company holdings, which are published in 
the monthly statistical releases Finance Companies (G.20) and Consumer 
Credit (G.19), in the quarterly statistical release Flow of Funds 
Accounts of the United States (Z.1), and in the Federal Reserve 
Bulletin (Tables 1.51, 1.52, and 1.55).
    Legal authorization and confidentiality: The Board's Legal Division 
has determined that the FR 2248 is authorized by law pursuant to 
Section 2A of the Federal Reserve Act, 12 U.S.C. 225a). The obligation 
to respond is voluntary. Individual respondent data are confidential 
under section (b)(4) of the Freedom of Information Act (5 U.S.C. 
552(b)(4)).

    Board of Governors of the Federal Reserve System, September 28, 
2016.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2016-23781 Filed 9-30-16; 8:45 am]
 BILLING CODE 6210-01-P

68018 Federal Register / Vol. 81, No. 191 / Monday, October 3, 2016 / Notices

FEDERAL RESERVE SYSTEM contact information. Public comments At the end of the comment period, the
may also be viewed electronically or in comments and recommendations
Proposed Agency Information paper form in Room 3515, 1801 K Street received will be analyzed to determine
Collection Activities; Comment (between 18th and 19th Streets NW.), the extent to which the Federal Reserve
Request Washington, DC 20006 between 9:00 should modify the proposed revisions
a.m. and 5:00 p.m. on weekdays. prior to giving final approval.
AGENCY: Board of Governors of the Additionally, commenters may send a
Federal Reserve System. copy of their comments to the OMB Proposal To Approve Under OMB
ACTION: Notice for comment regarding Desk Officer—Shagufta Ahmed—Office Delegated Authority the Extension for
the Federal Reserve proposal to extend of Information and Regulatory Affairs, Three Years, Without Revision, of the
without revision, the clearance under Office of Management and Budget, New Following Reports
the Paperwork Reduction Act for the Executive Office Building, Room 10235, 1. Report title: Intermittent Survey of
following information collection 725 17th Street NW., Washington, DC Business.
activity. 20503 or by fax to (202) 395–6974. Agency form number: FR 1374.
FOR FURTHER INFORMATION CONTACT: A OMB control number: 7100–0302.
SUMMARY: The Board of Governors of the Frequency: On occasion.
Federal Reserve System (Board or copy of the PRA OMB submission,
including the proposed reporting form Respondents: Businesses and state
Federal Reserve) invites comment on and local governments.
proposals to extend without revision, and instructions, supporting statement,
and other documentation will be placed Estimated number of respondents:
the Intermittent Survey of Businesses 2,410.
(FR 1374), and the Domestic Finance into OMB’s public docket files, once
Estimated average hours per response:
Company Report of Consolidated Assets approved. These documents will also be
made available on the Federal Reserve 15 minutes.
and Liabilities (FR 2248). Estimated annual burden hours: 1,825
On June 15, 1984, the Office of Board’s public Web site at: http://
hours.
Management and Budget (OMB) www.federalreserve.gov/apps/ General Description of Report: The
delegated to the Board authority under reportforms/review.aspx or may be survey data are used by the Federal
the Paperwork Reduction Act (PRA) to requested from the agency clearance
Reserve to gather information
approve of and assign OMB control officer, whose name appears below.
specifically tailored to the Federal
Federal Reserve Board Clearance
numbers to collection of information Reserve’s policy and operational
Officer—Nuha Elmaghrabi—Office of
requests and requirements conducted or responsibilities. There are two parts to
the Chief Data Officer, Board of
sponsored by the Board. In exercising this event-generated survey. First, under
Governors of the Federal Reserve
this delegated authority, the Board is the guidance of Federal Reserve
System, Washington, DC 20551 (202)
directed to take every reasonable step to economists, the Federal Reserve Banks
452–3829. Telecommunications Device
solicit comment. In determining survey business contacts as economic
for the Deaf (TDD) users may contact
whether to approve a collection of developments warrant. Currently, there
(202) 263–4869, Board of Governors of
information, the Board will consider all are approximately 2,400 business
the Federal Reserve System,
comments received from the public and respondents for each survey (about 200
Washington, DC 20551.
other agencies. per Reserve Bank); occasionally state
SUPPLEMENTARY INFORMATION:
DATES: Comments must be submitted on and local government officials are
or before December 2, 2016. Request for Comment on Information called, in which case there are far fewer
ADDRESSES: You may submit comments, Collection Proposals respondents. It is necessary to conduct
identified by FR 1374 or FR 2248, by The Board invites public comment on these surveys to provide timely
any of the following methods: the following information collection, information to the members of the Board
• Agency Web site: http:// which is being reviewed under and to the presidents of the Reserve
www.federalreserve.gov. Follow the authority delegated by the OMB under Banks. Usually, these surveys are
instructions for submitting comments at the PRA. Comments are invited on the conducted by Reserve Bank economists
http://www.federalreserve.gov/apps/ following: telephoning or emailing purchasing
foia/proposedregs.aspx . a. Whether the proposed collection of managers, economists, or other
• Federal eRulemaking Portal: http:// information is necessary for the proper knowledgeable individuals at selected,
www.regulations.gov. Follow the performance of the Federal Reserve’s relevant businesses. Reserve Bank staff
instructions for submitting comments. functions; including whether the may also use online survey tools to
• Email: regs.comments@ information has practical utility; collect responses to the survey. The
federalreserve.gov. Include OMB b. The accuracy of the Federal frequency and content of the questions,
number in the subject line of the Reserve’s estimate of the burden of the as well as the entities contacted, vary
message. proposed information collection, depending on developments in the
• FAX: (202) 452–3819 or (202) 452– including the validity of the economy. Second, economists at the
3102. methodology and assumptions used; Board survey business contacts by
• Mail: Robert deV. Frierson, c. Ways to enhance the quality, telephone, inquiring about current
Secretary, Board of Governors of the utility, and clarity of the information to business conditions. Board economists
Federal Reserve System, 20th Street and be collected; conduct these surveys as economic
Constitution Avenue NW., Washington, d. Ways to minimize the burden of conditions require, with approximately
sradovich on DSK3GMQ082PROD with NOTICES

DC 20551. information collection on respondents, ten respondents for each survey.
All public comments are available including through the use of automated Legal authorization and
from the Board’s Web site at http:// collection techniques or other forms of confidentiality: The Board’s Legal
www.federalreserve.gov/apps/foia/ information technology; and Division has determined that the Board
proposedregs.aspx as submitted, unless e. Estimates of capital or startup costs is authorized to collect this information
modified for technical reasons. and costs of operation, maintenance, under sections 2A and 12A of the
Accordingly, your comments will not be and purchase of services to provide Federal Reserve Act (12 U.S.C. 225a and
edited to remove any identifying or information. 263) and that respondent participation

VerDate Sep<11>2014 17:56 Sep 30, 2016 Jkt 241001 PO 00000 Frm 00063 Fmt 4703 Sfmt 4703 E:\FR\FM\03OCN1.SGM 03OCN1

Document Created: 2018-02-13 14:11:35
Document Modified: 2018-02-13 14:11:35

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
Action		Notice for comment regarding the Federal Reserve proposal to extend without revision, the clearance under the Paperwork Reduction Act for the following information collection activity.
Dates		Comments must be submitted on or before December 2, 2016.
Contact		A copy of the PRA OMB submission, including the proposed reporting form and instructions, supporting statement, and other documentation will be placed into OMB's public docket files, once approved. These documents will also be made available on the Federal Reserve Board's public Web site at: http:// www.federalreserve.gov/apps/reportforms/review.aspx or may be requested from the agency clearance officer, whose name appears below.
FR Citation		81 FR 68018