[Federal Register Volume 69, Number 61 (Tuesday, March 30, 2004)]
[Notices]
[Pages 16539-16540]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-7068]


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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

[[Page 16540]]

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 June 1, 2004.

ADDRESSES: Comments should be mailed to Jennifer J. Johnson, Secretary, 
Board of Governors of the Federal Reserve System, 20th Street and 
Constitution Avenue, NW., Washington, DC 20551. Please consider 
submitting your comments through the Board's Web site at http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm; by e-mail to 
[email protected]; or by fax to the Office of the 
Secretary at 202/452-3819 or 202/452-3102. Rules proposed by the Board 
and other federal agencies may also be viewed and commented on at 
http://www.regulations.gov. All public comments are available from the 
Board's Web site at http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm as submitted, except as necessary 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 in Room MP-500 of the Board's Martin 
Building (C and 20th Streets, NW.) between 9 a.m. and 5 p.m. on 
weekdays.
    A copy of the comments may also be submitted to the OMB desk 
officer for the Board: Joseph Lackey, 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.
    Cindy Ayouch, Federal Reserve Board Clearance Officer (202) 452-
3829, Division of Research and Statistics, Board of Governors of the 
Federal Reserve System, Washington, DC 20551. Telecommunications Device 
for the Deaf (TDD) users may contact (202) 263-4869, Board of Governors 
of the Federal Reserve System, Washington, DC 20551.

Proposal To Approve Under OMB Delegated Authority the Implementation of 
the Following Report

    Report title: Survey of Financial Management Behaviors of Military 
Personnel.
    Agency form number: FR 1375.
    OMB control number: OMB No. 7100-to be assigned.
    Frequency: Semi-annually.
    Reporters: Two groups of military personnel: (1) Those completing a 
financial education course as part of their advanced training and (2) 
those not completing a financial education course.
    Annual reporting hours: 2,640.
    Estimated average hours per response: 20 minutes.
    Number of respondents: 4,000.
    General description of report: This information collection is 
voluntary. The 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]. No 
issue of confidentiality normally arises because names and any other 
characteristics that would permit personal identification of 
respondents will not be reported to the Board.
    Abstract: This survey would gather data from two groups of military 
personnel: (1) Those completing a financial education course as part of 
their advanced training and (2) those not completing a financial 
education course. These two groups would be surveyed on their financial 
management behaviors and changes in their financial situations over 
time. Data from the survey would help to determine the effectiveness of 
financial education for young adults in the military and the durability 
of the effects as measured by financial status of those receiving 
financial education early in their military careers.

    Board of Governors of the Federal Reserve System, March 24, 
2004.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 04-7068 Filed 3-29-04; 8:45 am]
BILLING CODE 6210-01-P