[Federal Register Volume 75, Number 57 (Thursday, March 25, 2010)]
[Notices]
[Pages 14440-14441]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-6582]


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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 
(PRA), 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 May 24, 2010.

ADDRESSES: You may submit comments, identified by FR 1375 or FR 4021 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 the OMB 
control 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, 
NW., Washington, DC 20551.

All public comments are available from the Board's Web site at http://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 form in Room MP-
500 of the Board's Martin Building (20th and C Streets, NW.) between 9 
a.m. and 5 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 Web site at: http://www.federalreserve.gov/boarddocs/reportforms/review.cfm or may be 
requested from the agency clearance officer, whose name appears below.

[[Page 14441]]

    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).
    Proposal to discontinue under OMB delegated authority the following 
report:
    Report title: Survey of Financial Management Behaviors of Military 
Personnel.
    Agency form number: FR 1375.
    OMB control number: 7100-0307.
    Frequency: Semi-annually.
    Reporters: Military personnel.
    Estimated annual reporting hours: 2,640 hours.
    Estimated average hours per response: 20 minutes.
    Number of respondents: 4,000.
    General description of report: This information collection is 
voluntary. The statutory basis for collecting this information 
includes: the Truth in Lending Act, 15 U.S.C. 1604(a), the Truth in 
Savings Act, 12 U.S.C. 4308(a), the Equal Credit Opportunity Act, 15 
U.S.C. 1691b, and the Fair Credit Reporting Act, 15 U.S.C. 1681m(h)(6), 
1681s(e)(1). Further, under the Truth in Lending Act, the Board is 
required to report annually to Congress and make recommendations 
concerning the act, 15 U.S.C. 1613. Respondent participation in the 
survey is voluntary. 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.
    Abstract: This survey, which was implemented in 2004, gathers data 
from two groups of military personnel: (1) Those completing a financial 
education course as part of their advanced individualized training and 
(2) those not completing a financial education course. These two groups 
are surveyed on their financial management behaviors and changes in 
their financial situations over time. Data from the survey help to 
determine the effectiveness of financial education for young adults in 
the military and the durability of the effects as measured by financial 
status of those receiving financial education early in their military 
careers.
    Current actions: The Federal Reserve proposes to discontinue the FR 
1375 survey as a result of (1) relocation of troops (survey 
participants) due to the Defense Base Closure and Realignment program, 
(2) cancellation of the two-day financial education course, and (3) 
attrition of troops from the survey sample as they left the service.
    Proposal to approve under OMB delegated authority the extension for 
three years, without revision, of the following reports:
    Report title: Notification of Nonfinancial Data Processing 
Activities.
    Agency form number: FR 4021.
    OMB control number: 7100-0306.
    Frequency: On occasion.
    Reporters: Bank holding companies.
    Estimated annual reporting hours: 4 hours.
    Estimated average hours per response: 2 hours.
    Number of respondents: 2.
    General description of report: This information collection is 
required to obtain to benefit. (12 U.S.C. 1843(c)(8), (j) and (k)) and 
may be given confidential treatment upon request (5 U.S.C. 552(b)(4)).
    Abstract: Bank holding companies submit this notification to 
request permission to administer the 49-percent revenue limit on 
nonfinancial data processing activities on a business-line or multiple-
entity basis. A request may be filed in a letter form; there is no 
reporting form for this information collection.

    Board of Governors of the Federal Reserve System, March 22, 
2010.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 2010-6582 Filed 3-24-10; 8:45 am]
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