[Federal Register Volume 65, Number 178 (Wednesday, September 13, 2000)]
[Notices]
[Pages 55250-55251]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-23431]


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FEDERAL RESERVE SYSTEM


Agency Information Collection Activities: Proposed Collection; 
Comment Request

AGENCY: Board of Governors of the Federal Reserve System.

SUMMARY:   

Background

    On June 15, 1984, the Office of Management and Budget (OMB) 
delegated to the Board of Governors of the Federal Reserve System 
(Board) its approval authority under the Paperwork Reduction Act, as 
per 5 CFR 1320.16, to approve of and assign OMB control numbers to 
collection of information requests and requirements conducted or 
sponsored by the Board under conditions set forth in 5 CFR 1320 
Appendix A.1. Board-approved collections of information are 
incorporated into the official OMB inventory of currently approved 
collections of information. Copies of the OMB 83-Is and supporting 
statements and approved collection of information instruments 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.

Request for Comment on Information Collection Proposal

    The following information collection, which is being handled under 
this delegated authority, has received initial Board approval and is 
hereby published for comment. At the end of the comment period, the 
proposed information collection, along with an analysis of comments and 
recommendations received, will be submitted to the Board for final 
approval under OMB delegated authority. 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; and
    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.

DATES: Comments must be submitted on or before November 13, 2000.

ADDRESSES: Comments, which should refer to the OMB control number or 
agency form number, should be addressed to Jennifer J. Johnson, 
Secretary, Board of Governors of the Federal Reserve System, 20th and C 
Streets, NW., Washington, DC 20551, or mailed electronically to 
[email protected]. Comments addressed to Ms. Johnson may 
be delivered to the Board's mail room between 8:45 a.m. and 5:15 p.m., 
and to the security control room outside of those hours. Both the mail 
room and the security control room are accessible from the courtyard 
entrance on 20th Street between Constitution Avenue and C Street, NW. 
Comments received may be inspected in room M-P-500 between 9 a.m. and 5 
p.m., except as provided in section 261.14 of the Board's Rules 
Regarding Availability of Information, 12 CFR 261.14(a).
    A copy of the comments may also be submitted to the OMB desk 
officer for the Board: Alexander T. Hunt, Office of Information and 
Regulatory Affairs, Office of Management and Budget, New Executive 
Office Building, Room 3208, Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT: A copy of the proposed form and 
instructions, the Paperwork Reduction Act Submission (OMB 83-I), 
supporting statement, and other documents that will be placed into 
OMB's public docket files once approved may be requested from the 
agency clearance officer, whose name appears below. Mary M. West, 
Federal Reserve Board Clearance Officer (202-452-3829), Division of 
Research

[[Page 55251]]

and Statistics, Board of Governors of the Federal Reserve System, 
Washington, DC 20551. Telecommunications Device for the Deaf (TDD) 
users may contact Diane Jenkins (202-452-3544), Board of Governors of 
the Federal Reserve System, Washington, DC 20551.

Proposal To Approve Under OMB Delegated Authority To Conduct of the 
Following Survey

    1. Report title: 2001 Survey of Consumer Finance.
    Agency form number: FR 3059.
    OMB control number: 7100-0287.
    Frequency: One-time survey.
    Reporters: U.S. families.
    Annual reporting hours: 5,812.5 hours.
    Estimated average hours per response: 75 minutes.
    Number of respondents: Pretest, 50 families; main survey, 4,600 
families.
    Small businesses are not affected.
    General description of report: This information collection is 
voluntary. The Federal Reserve's statutory basis for collecting this 
information is section 2A of the Federal Reserve Act (12 U.S.C. 225a); 
the Bank Merger Act (12 U.S.C. 1828(c)); and sections 3 and 4 of the 
Bank Holding Company Act (12 U.S.C. 1842 and 1843) and 12 U.S.C. 353 
and 461. The names and other characteristics that would permit 
identification of respondents are deemed confidential by the Board and 
are exempt from disclosure pursuant to exemption 6 in the Freedom of 
Information Act (5 U.S.C. 552(b)(6)).
    Abstract: For many years, the Board has sponsored consumer surveys 
to obtain information on the financial behavior of households. The 2001 
Survey of Consumer Finance (SCF) will be the latest in a triennial 
series, which began in 1983, that provides comprehensive data for U.S. 
families on the distribution of assets and debts, along with related 
information and other data items necessary for analyzing behavior. 
These are the only surveys conducted in the United States that provide 
such financial data for a representative sample of households. Data for 
the SCF are collected by interviewers using a computer program. While 
some questions may be deleted and others modified, only minimal changes 
will be made to the questionnaire in order to preserve the time series 
properties of the data. The entire survey will be conducted between 
November 2000 and December 2001.

    Board of Governors of the Federal Reserve System, September 7, 
2000.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 00-23431 Filed 9-12-00; 8:45 am]
BILLING CODE 6210-01-P