[Federal Register Volume 76, Number 21 (Tuesday, February 1, 2011)]
[Notices]
[Pages 5590-5591]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-2083]


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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 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: 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.
    Estimated annual reporting hours: 16,860 hours.
    Estimated average hours per response: Aggregate report: 5 hours; 
Policy statement: 20 hours.
    Number of respondents: 843.
    General description of report: This information collection is 
mandatory pursuant to section 304 of the Federal Deposit Insurance 
Corporation Improvement Act of 1991 (FDICIA) (12 U.S.C. 1828(o)) which 
authorizes the Federal Reserve to require the recordkeeping 
requirements associated with the Board's Regulation H (12 CFR 208.51). 
Since the information is not collected by the Federal Reserve, no issue 
of confidentiality under the Freedom of Information Act (FOIA) arises. 
However, information gathered by the Federal Reserve during 
examinations of state member banks would be deemed exempt from 
disclosure under exemption 8 of FOIA. 5 U.S.C. 552(b)(8). In addition, 
exemptions 4 and 6 of FOIA, (5 U.S.C. 552(b)(4) and (b)(6)) also may 
apply to certain data (specifically, individual loans identified as in 
excess of supervisory loan-to-value limits) collected in response to 
these requirements if gathered by the Federal Reserve, depending on the 
particular circumstances. These exemptions relate to confidential 
commercial and financial information, and personal information, 
respectively. Applicability of these exemptions would be determined on 
a case-by-case basis.
    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.
    Current Actions: On November 19, 2010, the Federal Reserve 
published a notice in the Federal Register (75 FR 70919) requesting 
public comment for 60 days on the extension, without revision, of 
Recordkeeping Requirements Associated with the Real Estate Lending 
Standards Regulation for State Member Banks. The comment period for 
this notice expired on January 18, 2011. The Federal Reserve did not 
receive any comments.

Final Approval Under OMB Delegated Authority of the Extension for Three 
Years, With Minor Revisions, of the Following Reports

    1. 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 and is authorized pursuant to Sections 10 
and 11 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 FOIA to the extent that the disclosure of information ``would 
constitute a clearly unwarranted invasion of personal privacy.'' 5 
U.S.C. 552(b)(6).
    Abstract: The Application collects information to determine the 
qualifications and availability of applicants for employment with the 
Board such as information on education and training, employment record, 
military service record, and other information since the time the 
applicant left high school. Included with the Application are two 
supplemental questionnaires: (1) The Applicant's Voluntary Self-
Identification Form (FR 28s), which collects information on the 
applicant's gender and ethnic group and (2) The Research Assistant 
Candidate Survey of Interests (FR 28i), which collects information from 
candidates applying for Research Assistant positions on their level of 
interest in economics and related areas.
    Current Actions: On November 19, 2010, the Federal Reserve 
published a notice in the Federal Register (75 FR 70919) requesting 
public comment for 60 days on the extension, with minor revision, of 
the Application for Employment with the Board of Governors of the 
Federal Reserve System. The comment period for this notice expired on 
January 18, 2011. The Federal Reserve did not receive any comments. The 
revisions will be implemented as proposed.

[[Page 5591]]

    2. Report title: Ongoing Intermittent Survey of Households.
    Agency form numbers: FR 3016.
    OMB control number: 7100-0150.
    Frequency: On Occasion.
    Reporters: Households and individuals.
    Annual reporting hours: 633 hours.
    Estimated average hours per response: Division of Research & 
Statistics, 1.58 minutes; Division of Consumer & Community Affairs, 3 
minutes; Other divisions, 5 minutes; and Non-SRC surveys, 90 minutes.
    Number of respondents: 500.
    General description of report: This information collection is 
voluntary (12 U.S.C. 225a, 263 and 15 U.S.C. 1691b). No issue of 
confidentiality normally arises because names and any other 
characteristics that would permit personal identification of 
respondents are not reported to the Federal Reserve Board. However, 
exemption 6 of the FOIA (5 U.S.C. 552(b)(6)) would exempt this 
information from disclosure.
    Abstract: The Federal Reserve uses this voluntary survey to obtain 
household-based information specifically tailored to the Federal 
Reserve's policy, regulatory, and operational responsibilities. 
Currently, the University of Michigan's Survey Research Center (SRC) 
includes survey questions on behalf of the Federal Reserve in an 
addendum to their regular monthly Survey of Consumer Attitudes and 
Expectations. The SRC conducts the survey by telephone with a sample of 
500 households and asks questions of special interest to the Federal 
Reserve intermittently, as needed. The frequency and content of the 
questions depend on changing economic, regulatory, and legislative 
developments. The Federal Reserve primarily uses the survey to study 
consumer financial decisions, attitudes, and payment behavior.
    Current Actions: On November 19, 2010, the Federal Reserve 
published a notice in the Federal Register (75 FR 70919) requesting 
public comment for 60 days on the extension, with revision, of the 
Intermittent Survey of Households. The comment period for this notice 
expired on January 18, 2011. The Federal Reserve did not receive any 
comments. The revisions will be implemented as proposed.

    Board of Governors of the Federal Reserve System, January 26, 
2011.
Robert deV. Frierson,
Deputy Secretary of the Board.
[FR Doc. 2011-2083 Filed 1-31-11; 8:45 am]
BILLING CODE 6210-01-P