[Federal Register Volume 65, Number 229 (Tuesday, November 28, 2000)]
[Notices]
[Page 70911]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-30212]


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FEDERAL RESERVE SYSTEM


Agency Information Collection Activities: Announcement of Board 
Approval Under Delegated Authority and Submission to OMB

SUMMARY:

Background

    Notice is hereby given of the final approval of proposed 
information collection(s) by the Board of Governors of the Federal 
Reserve System (Board) under OMB delegated authority, as per 5 CFR 
1320.16 (OMB Regulation 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 OMB 82-Is and supporting statements and 
approved collection of information instruments(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 Clearance 
Officer--Mary M. West, Division of Research and Statistics, Board of 
Governors of the Federal Reserve System, Washington, DC 20551 (202-452-
3829).
    OMB Desk Officer--Alexander T. Hunt--Office of Information and 
Regulatory Affairs, Office of Management and Budget, New Executive 
Office Building, Room 3208, Washington, DC 20503 (202-395-7860).

Final Approval Under OMB Delegated Authority To Conduct 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, November 21, 
2000.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 00-30212 Filed 11-27-00; 8:45 am]
BILLING CODE: 6210-01-P