Document

Proposed Agency Information Collection Activities; Comment Request

The Board of Governors of the Federal Reserve System (Board) invites comment on a proposal to implement the Ad Hoc Clearance for Board-Wide Use (FR 3100; OMB No. 7100-NEW).

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Federal Reserve System

AGENCY:

Board of Governors of the Federal Reserve System.

ACTION:

Notice, request for comment.

SUMMARY:

The Board of Governors of the Federal Reserve System (Board) invites comment on a proposal to implement the Ad Hoc Clearance for Board-Wide Use (FR 3100; OMB No. 7100-NEW).

DATES:

Comments must be submitted on or before July 14, 2023.

ADDRESSES:

You may submit comments, identified by FR 3100, by any of the following methods:

Agency Website:https://www.federalreserve.gov/. Follow the instructions for submitting comments at https://www.federalreserve.gov/apps/foia/proposedregs.aspx.
Email:regs.comments@federalreserve.gov. Include the OMB number or FR number in the subject line of the message.
Fax: (202) 452-3819 or (202) 452-3102.
Mail: Federal Reserve Board of Governors, Attn: Ann E. Misback, Secretary of the Board, Mailstop M-4775, 2001 C St NW, Washington, DC 20551.

All public comments are available from the Board's website at https://www.federalreserve.gov/apps/foia/proposedregs.aspx as submitted, unless modified for technical reasons or to remove personally identifiable information at the commenter's request. Accordingly, comments will not be edited to remove any confidential business information, identifying information, or contact information. Public comments may also be viewed electronically or in paper in Room M-4365A, 2001 C St NW, Washington, DC 20551, between 9:00 a.m. and 5:00 p.m. on weekdays, except for Federal holidays. For security reasons, the Board requires that visitors make an appointment to inspect comments. You may do so by calling (202) 452-3684. Upon arrival, visitors will be required to present valid government-issued photo identification and to submit to security screening in order to inspect and photocopy comments.

Additionally, commenters may send a copy of their comments to the Office of Management and Budget (OMB) Desk Officer for the Federal Reserve Board, 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:

Federal Reserve Board Clearance Officer—Nuha Elmaghrabi—Office of the Chief Data Officer, Board of Governors of the Federal Reserve System, nuha.elmaghrabi@frb.gov, (202) 452-3884.

SUPPLEMENTARY INFORMATION:

On June 15, 1984, OMB delegated to the Board authority under the Paperwork Reduction Act (PRA) to approve and assign OMB control numbers to collections of information 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.

During the comment period for this proposal, a copy of the proposed PRA OMB submission, including the draft reporting form and instructions, supporting statement (which contains more detail about the information collection and burden estimates than this notice), and other documentation, will be made available on the Board's public website at https://www.federalreserve.gov/apps/reportingforms/home/review or may be requested from the agency clearance officer, whose name appears above. Final versions of these documents will be made available at https://www.reginfo.gov/public/do/PRAMain, if approved.

Request for Comment on Information Collection Proposal

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 Board's functions, including whether the information has practical utility;

b. The accuracy of the Board's estimate of the burden of the proposed information collection, including the validity of the methodology and assumptions used; ( printed page 30973)

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 Board should modify the proposal.

Proposal Under OMB Delegated Authority To Implement the Following Information Collection

Collection title: Ad Hoc Clearance for Board-Wide Use.

Collection identifier: FR 3100.

OMB control number: 7100-NEW.

General description of collection: Information under this ad hoc information collection would be collected from Board-regulated entities, other stakeholders, and the public (collectively, respondents) through to-be-defined surveys, interviews and focus groups, and other similar activities about a variety of financial service-related topics and the Board's operations. The clearance would help the Board understand respondents' perspectives, experiences, and expectations regarding the financial system and Board operations and would be used to inform the Board's initiatives to promote financial system stability, supervise and regulate financial institutions and financial activities, and promote consumer protection and community development.

Frequency: As needed.

Respondents: Individuals, institutions, state and local governments, and other persons of interest to the Board.

Total estimated number of respondents: 850.

Total estimated annual burden hours: 17,000.^[1]

Board of Governors of the Federal Reserve System, May 9, 2023.

Michele Taylor Fennell,

Deputy Associate Secretary of the Board.

Footnotes

1. More detailed information regarding this collection, including more detailed burden estimates, can be found in the OMB Supporting Statement posted at https://www.federalreserve.gov/apps/reportingforms/home/review. On the page displayed at the link, you can find the OMB Supporting Statement by referencing the collection identifier, FR 3100.

Back to Citation

[FR Doc. 2023-10255 Filed 5-12-23; 8:45 am]

BILLING CODE 6210-01-P

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Federal Register Citation

Use this for formal legal and research references to the published document.

88 FR 30972

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Suggested Web Citation

Use this when citing the archival web version of the document.

“Proposed Agency Information Collection Activities; Comment Request,” thefederalregister.org (May 15, 2023), https://thefederalregister.org/documents/2023-10255/proposed-agency-information-collection-activities-comment-request.