[Federal Register Volume 71, Number 186 (Tuesday, September 26, 2006)]
[Notices]
[Page 56149]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E6-15695]


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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: 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 to Conduct the Following 
Survey:

    Report title: 2007 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: 7,500 hours
    Estimated average hours per response: Pretest and Survey, 75 
minutes each
    Number of respondents: Pretest, 400 families; Survey 5,600 families
    General description of report: This information collection is 
voluntary. The Federal Reserve's statutory basis for collecting this 
information is section 2A, 14, and 19 of the Federal Reserve Act (12 
U.S.C. 225(a), 353, and 461); 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). 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 2007 
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 financial 
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 pretest 
would be conducted later this year and the survey would be conducted 
between May 2007 and January 2008.
    Current Actions: On July 11, 2006, the Federal Reserve published a 
notice in the Federal Register (71 FR 39118) requesting public comment 
for 60 days on the proposal to conduct the FR 3059. The comment period 
for this notice expired on September 11, 2006. No comments were 
received.

    Board of Governors of the Federal Reserve System, September 20, 
2006.
Jennifer J. Johnson
Secretary of the Board.
[FR Doc. E6-15695 Filed 9-25-06; 8:45 am]
BILLING CODE 6210-01-S