[Federal Register Volume 75, Number 209 (Friday, October 29, 2010)]
[Notices]
[Page 66762]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-27372]


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FEDERAL RESERVE SYSTEM


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

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 Paperwork Reduction Act (PRA) Submission, 
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: Acting Federal Reserve Board Clearance 
Officer --Cynthia Ayouch--Division of Research and Statistics, Board of 
Governors of the Federal Reserve System, Washington, DC 20551 (202-452-
3829).
    OMB Desk Officer--Shagufta Ahmed--Office of Information and 
Regulatory Affairs, Office of Management and Budget, New Executive 
Office Building, Room 10235, Washington, DC 20503.

Final Approval Under OMB Delegated Authority of the Extension for Three 
Years, Without Revision, of the Following Report

    Report title: Compensation and Salary Surveys.
    Agency form number: FR 29a,b.
    OMB control number: 7100-0290.
    Frequency: FR 29a, annually; FR 29b, on occasion.
    Reporters: Employers considered competitors for Federal Reserve 
employees.
    Estimated annual reporting hours: FR 29a, 210 hours; FR 29b, 50 
hours.
    Estimated average hours per response: FR 29a, 6 hours; FR 29b, 1 
hour.
    Number of respondents: 45.
    General description of report: This information collection is 
authorized pursuant sections 10(4) and 11(1) of the Federal Reserve 
Act, (12 U.S.C. section 244 and 248(1)) and is voluntary. These 
statutory provisions grant the Federal Reserve Board independence to 
determine its employees' salaries and compensation. Individual 
respondent data are regarded as confidential under the Freedom of 
Information Act (FOIA) (5 U.S.C 552 (b)(4) and (6)). Any aggregate 
reports produced are not subject to FOIA exemptions.
    Abstract: The Federal Reserve along with other Financial 
Institutions Reforms, Recovery and Enforcement Act of 1989 (FIRREA) 
agencies \1\ conduct the FR 29a survey jointly. The FR 29b is collected 
by Board staff. The FR 29a,b collect information on salaries, employee 
compensation policies, and other employee programs from employers that 
are considered competitors of the Federal Reserve Board. The data from 
the surveys primarily are used to determine the appropriate salary 
structure and salary adjustments for Federal Reserve Board employees so 
that salary ranges are competitive with other organizations offering 
similar jobs.
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    \1\ For purposes of this proposal the FIRREA agencies consist 
of: the Federal Reserve Board, the Office of the Comptroller of the 
Currency, the Federal Deposit Insurance Corporation, the Office of 
Thrift Supervision, the National Credit Union Administration, the 
Commodities Futures Trading Commission, the Farm Credit 
Administration, and the Securities and Exchange Commission.
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    Current Actions: On August 17, 2010, the Federal Reserve published 
a notice in the Federal Register (75 FR 50763) seeking public comment 
for 60 days on the extension, without revision, of the Compensation and 
Salary Surveys (FR 29a,b). The comment period for this notice expired 
on October 18, 2010. The Federal Reserve did not receive any comments.

    Board of Governors of the Federal Reserve System, October 26, 
2010.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. 2010-27372 Filed 10-28-10; 8:45 am]
BILLING CODE 6210-01-P