[Federal Register Volume 70, Number 46 (Thursday, March 10, 2005)]
[Notices]
[Page 11980]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 05-4689]


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FEDERAL RESERVE SYSTEM


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

AGENCY: Board of Governors of the Federal Reserve System
SUMMARY: Background. Notice is hereby given of the final approval of 
proposed information collections 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-I's 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: Federal Reserve Board 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, or email to 
[email protected].

Final approval under OMB delegated authority of 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: On December 29, 2004, the Federal Reserve issued 
for public comment proposed revisions to allow contractors, either the 
SRC or others, to use broader surveying techniques, such as mall 
intercept testing, focus groups, and guided discussions (69 FR 78027). 
The Federal Reserve did not receive any comments. The changes will be 
implemented as proposed.

Final approval under OMB delegated authority of 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.
    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, March 4, 2005.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 05-4689 Filed 3-9-05; 8:45 am]
BILLING CODE 6210-01-S