[Federal Register Volume 69, Number 249 (Wednesday, December 29, 2004)]
[Notices]
[Pages 78027-78028]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-28447]



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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: 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 proposals

    The following information collections, which are being handled 
under this delegated authority, have received initial Board approval 
and are hereby published for comment. At the end of the comment period, 
the proposed information collections, 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 February 28, 2005.

ADDRESSES: You may submit comments, identified by FR 3016 or Reg H-5, 
by any of the following methods:
     Agency Web Site: http://www.federalreserve.gov. Follow the 
instructions for submitting comments at http://www.federalreserve.gov/generalinfo/foia/ProposedRegs.cfm.
     Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments.
     E-mail: [email protected]. Include docket 
number in the subject line of the message.
     FAX: 202/452-3819 or 202/452-3102.
     Mail: Jennifer J. Johnson, Secretary, Board of Governors 
of the Federal Reserve System, 20th Street and Constitution Avenue, 
N.W., Washington, DC 20551.
    All public comments are available from the Board's web site at 
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 (20th and C Streets, N.W.) 
between 9:00 a.m. and 5:00 p.m. on weekdays.

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 extension for 
three years, with minor revision, of the following report:

    Report title: Ongoing Intermittent Survey of Households
    Agency form number: FR 3016
    OMB control number: 7100-0150
    Frequency: On occasion
    Reporters: Households and individuals
    Annual reporting hours: 658 hours
    Estimated average hours per response: Division of Research & 
Statistics, 1.33 minutes; Division of Consumer & Community Affairs, 3 
minutes; Other divisions, 5 minutes; and Non-SRC surveys, 90 minutes
    Number of respondents: 600
    General description of report: This information collection is 
voluntary (12 U.S.C. 225a, 263, and 15 U.S.C. 1691b). No issue of 
confidentiality normally arises because names and any other 
characteristics that would permit personal identification of 
respondents are not reported to the Board. However, exemption 6 of the 
Freedom of Information Act (5 U.S.C. 552(b)(6)) would exempt this 
information from disclosure.
    Abstract: The Federal Reserve uses this voluntary survey to obtain 
household-based information specifically tailored to the Federal 
Reserve's policy, regulatory, and operational responsibilities. The 
University of Michigan's Survey Research Center (SRC) includes survey 
questions on behalf of the Federal Reserve in an addendum to their 
regular monthly Survey of Consumer Attitudes and Expectations. The SRC 
conducts the survey by telephone with a sample of 500 households and 
includes questions of special interest to Board staff intermittently, 
as needed. The frequency and content of the questions depend on 
changing economic, regulatory, and legislative developments.
    Current actions: The Federal Reserve proposes to revise this 
information collection to allow contractors, either the SRC or others, 
to use broader surveying techniques, such as mall intercept testing, 
focus groups, and guided discussions.

Proposal to approve under OMB delegated authority the extension for 
three years, without revision of the following report:

    Report title: Recordkeeping Requirements associated with the Real 
Estate Lending Standards Regulation for State Member Banks
    Agency form number: Reg H-5
    OMB control number: 7100-0261
    Frequency: Aggregate report, quarterly; policy statement, annually
    Reporters: State member banks
    Annual reporting hours: 19,660 hours
    Estimated average hours per response: Aggregate report, 5 hours; 
policy statement, 20 hours
    Number of respondents: 935
    General description of report: This information collection is 
mandatory (12 U.S.C. 1828(o)) and is not given confidential treatment.

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    Abstract: State member banks must adopt and maintain a written real 
estate lending policy. Also, banks must identify their loans in excess 
of the supervisory loan-to-value limits and report (at least quarterly) 
the aggregate amount of the loans to the bank's board of directors.

    Board of Governors of the Federal Reserve System, December 22, 
2004.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 04-28447 Filed 12-28-04; 8:45 am]
BILLING CODE: 6210-01-S