[Federal Register Volume 73, Number 47 (Monday, March 10, 2008)]
[Notices]
[Pages 12797-12798]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-4629]


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DEPARTMENT OF THE TREASURY


Departmental Offices; Privacy Act of 1974, as Amended

AGENCY: Departmental Offices, Treasury.

ACTION: Notice of Proposed New Privacy Act System of Records.

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SUMMARY: In accordance with the requirements of the Privacy Act of 
1974, as amended, 5 U.S.C. 552a, the Department of the Treasury, Office 
of Financial Education, gives notice of a proposed new system of 
records entitled ``National Financial Literacy Challenge Records--
Treasury/DO .217.''

DATES: Comments must be received no later than April 9, 2008. This new 
system of records will be effective April 21, 2008 unless the Office of 
Financial Education receives comments that would result in a contrary 
determination.

ADDRESSES: Comments should be sent to Edwin Bodensiek, Director of 
Outreach for Financial Education, Department of the Treasury, 1500 
Pennsylvania Avenue, NW., Washington, DC 20220.
    The Department will make such comments available for public 
inspection and copying in the Department's Library, Room 1428, Main 
Department Building, 1500 Pennsylvania Avenue, NW., Washington, DC 
20220, on official business days between the hours of 10 a.m. and 5 
p.m. Eastern Time. You can make an appointment to inspect comments by 
telephoning (202) 622-0204. All comments, including attachments and 
other supporting materials, received are part of the public record and 
subject to public disclosure. You should submit only information that 
you wish to make available publicly.

FOR FURTHER INFORMATION CONTACT: Edwin Bodensiek, Director of Outreach 
for Financial Education, Department of the Treasury, 1500 Pennsylvania 
Avenue, NW., Washington, DC 20220, at 202-622-8811 or via electronic 
mail at [email protected].

SUPPLEMENTARY INFORMATION: The purpose of this system is to determine 
award eligibility under the program described below which is expected 
to be called the National Financial Literacy Challenge or a similar 
name, (``Challenge''), and to provide data for analysis on improving 
financial literacy. The Challenge is a new initiative in which 
participating high school students age 13 and above voluntarily take a 
test of their financial literacy. The Challenge consists of 
approximately 35 substantive multiple choice questions about savings, 
credit, income, financial responsibility, and money and risk 
management, as well as approximately seven demographic questions on 
items such as the student's age, grade level (i.e., sophomore, junior, 
etc.) gender, race and/or ethnicity. Students who attain sufficiently 
high scores will receive certificates and/or awards. The Department may 
seek to publicly recognize top-scoring students, but will obtain 
parental consent prior to doing so.
    The test questions would not be part of the system of records 
because the questions would not ask for personally identifiable 
information. The system of records will include, for test participants, 
the high schools' names and addresses; students' names; students' 
scores; student names,

[[Page 12798]]

teachers, and high schools of award winners; teachers' names; teachers' 
business email addresses; and teachers' business phone numbers.
    The report of a new system of records, as required by 5 U.S.C. 
552a(r) of the Privacy Act, has been submitted to the Committee on 
Oversight and Government Reform of the House of Representatives, the 
Committee on Homeland Security and Governmental Affairs of the Senate, 
and the Office of Management and Budget, pursuant to Appendix I to OMB 
Circular A-130, ``Federal Agency Responsibilities for Maintaining 
Records About Individuals,'' dated November 30, 2000.
    The proposed new system of records entitled ``National Financial 
Literacy Challenge Records--Treasury/DO .217'' is published in its 
entirety below.

    Dated: March 4, 2008.
 Peter B. McCarthy,
Assistant Secretary for Management and Chief Financial Officer.
TREASURY/DO .217

SYSTEM NAME:
    National Financial Literacy Challenge--Treasury/DO.

SYSTEM LOCATION:
    Department of the Treasury, Office of Financial Education, 1500 
Pennsylvania Avenue, NW., Washington, DC 20220.

CATEGORIES OF INDIVIDUALS COVERED BY THE SYSTEM:
    Individuals covered by the system will be those high school 
students age 13 and older and their teachers who participate in the 
test.

CATEGORIES OF RECORDS IN THE SYSTEM:
    The system of records will include, for Challenge participants, the 
high schools' names and addresses; students' names and scores; high 
school names of award winners; teachers' names, teachers' business 
email addresses and business phone numbers.

AUTHORITY FOR MAINTENANCE OF THE SYSTEM:
    5 U.S.C. 301 and Executive Order 13455.

PURPOSE(S):
    The records in this system will be used to identify students whose 
scores on the Challenge meet the guidelines for award recognition and 
to distribute the awards to the teachers, who in turn will distribute 
the awards to the students. Aggregate data and reports related to the 
program that may be generated and used for analysis will be in a form 
that is not individually identifiable.

ROUTINE USES OF RECORDS MAINTAINED IN THE SYSTEM INCLUDING CATEGORIES 
OF USERS AND PURPOSES OF SUCH USES
    These records may be used to disclose information to:
    (1) A court, magistrate, or administrative tribunal, in the course 
of presenting evidence, including disclosures to opposing counsel or 
witnesses, for the purpose of civil discovery, litigation, or 
settlement negotiations or in response to a subpoena, where relevant or 
potentially relevant to a proceeding, or in connection with criminal 
law proceedings;
    (2) A congressional office in response to an inquiry made at the 
request of the individual (or the individual's parents or guardians) to 
whom the record pertains;
    (3) A contractor or a sponsor, operating in conjunction with the 
Office of Financial Education to the extent necessary to present 
appropriate awards;
    (4) Appropriate agencies, entities, and persons when (a) the 
Department suspects or has confirmed that the security or 
confidentiality of information in the system of records has been 
compromised; (b) the Department has determined that as a result of the 
suspected or confirmed compromise there is a risk of harm to economic 
or property interests, identity theft or fraud, or harm to the security 
or integrity of this system or other systems or programs (whether 
maintained by the Department or another agency or entity) that rely 
upon the compromised information; and (c) the disclosure made to such 
agencies, entities, and persons is reasonably necessary to assist in 
connection with the Department's efforts to respond to the suspected or 
confirmed compromise and prevent, minimize, or remedy such harm, and
    (5) These records may be used to disclose award winners to the 
participant's high school.

POLICIES AND PRACTICES FOR STORING, RETRIEVING, ACCESSING, RETAINING 
AND DISPOSING OF RECORDS IN THE SYSTEM:
STORAGE:
    Paper records and electronic media.

RETRIEVABILITY:
    Students' scores will be retrievable by name, teacher, and school. 
Teacher data is retrievable by the name and contact information of the 
teacher. School information is retrievable by the name and location of 
the school.

RETENTION AND DISPOSAL:
    Records will be destroyed at the earliest possible date consistent 
with applicable records retention policies.

SAFEGUARDS:
    All official access to the system of records is on a need-to-know 
basis only, as authorized by the Office of Financial Education of the 
U.S. Treasury Department. Procedural and physical safeguards, such as 
personal accountability, audit logs, and specialized communications 
security, will be utilized. Each user of computer systems containing 
records will have individual passwords (as opposed to group passwords) 
for which the user is responsible. Access to computerized records will 
be limited, through use of access codes, encryption techniques, and/or 
other internal mechanisms, to those whose official duties require 
access. Storage facilities will be secured by various means such as 
locked file cabinets with key entry.

SYSTEM MANAGER(S) AND ADDRESS:
    Director of Outreach, Department of the Treasury, 1500 Pennsylvania 
Avenue, NW., Washington, DC 20220.

NOTIFICATION PROCEDURE:
    Individuals wishing to be notified if they are named in this system 
of records, gain access to records maintained in this system, or seek 
to contest its content, must submit a written request containing the 
following elements: (1) Identify the record system; (2) identify the 
category and type of records sought; and (3) provide at least two items 
of secondary identification (See 31 CFR Part 1, Appendix A). Address 
inquiries to: Director, Disclosure Services, Department of the 
Treasury, 1500 Pennsylvania Ave., NW., Washington, DC 20220.

RECORDS ACCESS PROCEDURES:
    See ``notification procedure'' above.

CONTESTING RECORDS PROCEDURES:
    See ``notification procedure'' above.

RECORDS SOURCE CATEGORIES:
    Student test takers; high school points of contact; and Department 
of the Treasury records.

EXEMPTIONS CLAIMED FOR THE SYSTEM:
    None.

 [FR Doc. E8-4629 Filed 3-7-08; 8:45 am]
BILLING CODE 4811-42-P