[Federal Register Volume 72, Number 236 (Monday, December 10, 2007)]
[Notices]
[Pages 69688-69689]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-23800]


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FEDERAL RESERVE SYSTEM


Proposed Agency Information Collection Activities; 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 Paperwork Reduction Act 
Submission, 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 8, 2008.

ADDRESSES: You may submit comments, identified by FR 28: OMB No. 7100-
0181; or Reg H-5 OMB No. 7100-0261 by any of the following methods:
     Agency Web Site: http://www.federalreserve.gov. Follow the

[[Page 69689]]

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, 
unless modified 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.
    Additionally, commenters should send a copy of their comments to 
the OMB Desk Officer by mail to the Office of Information and 
Regulatory Affairs, U.S. Office of Management and Budget, New Executive 
Office Building, Room 10235, 725 17th Street, NW., Washington, DC 20503 
or by fax to 202-395-6974.

FOR FURTHER INFORMATION CONTACT: A copy of the PRA OMB submission 
including, the proposed reporting form and instructions, supporting 
statement, and other documentation will be placed into OMB's public 
docket files, once approved. These documents will also be made 
available on the Federal Reserve Board's public website at: http://www.federalreserve.gov/boarddocs/reportforms/review.cfm or may be 
requested from the agency clearance officer, whose name appears below.
    Michelle Shore, 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 revision, of the following reports:

    Report title: Application for Employment with the Board of 
Governors of the Federal Reserve System
    Agency form numbers: FR 28, FR 28s, FR 28i
    OMB control number: 7100-0181
    Frequency: On Occasion
    Reporters: Employment applicants
    Annual reporting hours: 3,558 hours
    Estimated average hours per response: FR 28: 1 hour; FR 28s: 1 
minute; FR 28i: 5 minutes
    Number of respondents: FR 28: 3,500; FR 28s: 2,000; FR 28i: 300
    General description of report: This information collection is 
required to obtain a benefit (sections 10(4) and 11(1) of the Federal 
Reserve Act (12 U.S.C. 244 and 248(1)). Information provided will be 
kept confidential under exemption (b)(6) of the Freedom of Information 
Act (FOIA) to the extent that the disclosure of information ``would 
constitute a clearly unwarranted invasion of personal privacy.'' 5 
U.S.C. Sec.  552(b)(6).
    Abstract: The Application collects information to determine the 
qualifications and availability of applicants for employment with the 
Board. The Application collections information on education and 
training, employment record, military service record, and other 
information since the time the applicant left high school.
    Current Actions: The Federal Reserve proposes to revise the 
Application for Employment with the Board of Governors of the Federal 
Reserve System (FR 28) by (1) deleting the social security number 
question, (2) expanding the country of citizenship question in the case 
of non-citizens, (3) adding several criminal background questions, (4) 
expanding the Notes section to provide more detail about an applicant's 
rights and responsibilities, and (5) revising the confidentiality 
status for and treatment of certain information\1\ provided on the 
Application. Board staff also proposes to revise the FR 28i by (1) 
modifying the areas of interest, (2) adding a more detailed section on 
software packages used by the candidate, (3) adding a section for the 
candidate's career objectives, and changing the rating scale format of 
the survey.
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    \1\ For example, the release of information such as an 
applicant's date of birth, address, phone number, and personal 
information regarding any references provided would likely 
constitute a clearly unwarranted invasion of personal privacy, and 
would be kept confidential. However, the release of information such 
as the educational and professional qualifications of applicants 
would not likely constitute a clearly unwarranted invasion of 
personal privacy, and would not be kept confidential.
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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: 17,960 hours
    Estimated average hours per response: Aggregate report: 5 hours; 
Policy statement: 20 hours
    Number of respondents: Aggregate report: 888; Policy statement: 10
    General description of report: This information collection is 
mandatory (12 U.S.C. 1828(o)) and is not given confidential treatment. 
However, information gathered by the Federal Reserve during 
examinations of state member banks would be deemed exempt from Freedom 
of Information Act (FOIA) disclosure by exemption 8 of FOIA. 5 U.S.C. 
Sec.  552(b)(8).
    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 4, 
2007.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. E7-23800 Filed 12-7-07; 8:45 am]
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