[Federal Register Volume 69, Number 121 (Thursday, June 24, 2004)]
[Notices]
[Page 35346]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-14293]


=======================================================================
-----------------------------------------------------------------------

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 by the Board of Governors of the Federal Reserve 
System (Board) under OMB delegated authority, as per 5 CFR 1320.16 (OMB 
Regulations 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 83-Is and supporting statements and approved collection of 
information instrument(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: Acting Federal Reserve Clearance 
Officer - Michelle Long--Division of Research and Statistics, Board of 
Governors of the Federal Reserve System, Washington, DC 20551 (202-452-
3829).
    OMB Desk Officer-Mark Menchik--Office of Information and Regulatory 
Affairs, Office of Management and Budget, New Executive Office 
Building, Room 10235, Washington, DC 20503.

Final approval under OMB delegated authority of 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. 7100-0307
    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. Sec.  225a]; the Bank 
Merger Act [12 U.S.C. Sec.  1828(c)]; and sections 3 and 4 of the Bank 
Holding Company Act [12 U.S.C. Sec. Sec.  1842 and 1843 and 12 U.S.C. 
Sec. Sec.  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 will 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 will be surveyed on their financial 
management behaviors and changes in their financial situations over 
time. Data from the survey will 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, June 18, 2004.
Jennifer J. Johnson
Secretary of the Board.
[FR Doc. 04-14293 Filed 6-23-04; 8:45 am]
BILLING CODE 6210-01-S