[Federal Register Volume 78, Number 144 (Friday, July 26, 2013)]
[Notices]
[Pages 45193-45194]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-17961]


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FEDERAL RESERVE SYSTEM


Proposed Agency Information Collection Activities; Comment 
Request

AGENCY: Board of Governors of the Federal Reserve System.
SUMMARY: 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), 
pursuant to 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.

DATES: Comments must be submitted on or before September 24, 2013.

ADDRESSES: You may submit comments, identified by FR 1374, by any of 
the following methods:
     Agency Web site: http://www.federalreserve.gov. Follow the 
instructions for submitting comments at http://www.federalreserve.gov/apps/foia/proposedregs.aspx.
     Federal eRulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments.
     E-Mail: [email protected]. Include OMB 
number in the subject line of the message.
     Fax: (202) 452-3819 or (202) 452-3102.
     Mail: Robert deV. Frierson, 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 
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 
9:00 a.m. and 5:00 p.m. on weekdays.
    Additionally, commenters may send a copy of their comments to the 
OMB Desk Officer--Shagufta Ahmed--Office of Information and Regulatory 
Affairs, 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/apps/reportforms/review.aspx or may be requested 
from the agency clearance officer, whose name appears below.
    Federal Reserve Board Clearance Officer--Cynthia Ayouch--Office of 
the Chief Data Officer, Board of Governors of the Federal Reserve 
System, Washington, DC 20551 (202) 452-3829. Telecommunications Device 
for the Deaf (TDD) users may contact (202) 263-4869, Board of Governors 
of the Federal Reserve System, Washington, DC 20551.

SUPPLEMENTARY INFORMATION: 

Request for Comment on Information Collection Proposal

    The following information collection, which is being handled under 
this delegated authority, has received initial Board approval and is 
hereby published for comment. At the end of the comment period, the 
proposed information collection, 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;
    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; and
    e. Estimates of capital or start up costs and costs of operation, 
maintenance, and purchase of services to provide information.
    Proposal to approve under OMB delegated authority the extension for 
three years, with revision, of the following report:
    Report title: Intermittent Survey of Business.
    Agency form number: FR 1374.
    OMB control number: 7100-0302.
    Frequency: On Occasion.
    Reporters: Businesses and state and local governments.
    Estimated annual reporting hours: 1,825 hours.
    Estimated average hours per response: 15 minutes.
    Number of respondents: 2410.
    General description of report: This information collection is 
voluntary (12 U.S.C. 225a and 263) and may be given confidential 
treatment (5 U.S.C. 552(b)(4)).
    Abstract: The survey data are used by the Federal Reserve to gather 
information specifically tailored to the Federal Reserve's policy and 
operational responsibilities. There are two parts to this event-
generated survey. First, under the guidance of Board economists, the 
Federal Reserve Banks survey business contacts as economic developments 
warrant. Currently, there are approximately 240 business

[[Page 45194]]

respondents for each survey (about 20 per Reserve Bank); occasionally 
state and local government officials are called, in which case there 
are far fewer respondents. It is necessary to conduct these surveys to 
provide timely information to the members of the Board and to the 
presidents of the Reserve Banks. Usually, these surveys are conducted 
by Reserve Bank staff economists telephoning or emailing purchasing 
managers, economists, or other knowledgeable individuals at selected, 
relevant businesses. Reserve Bank staff may also use online survey 
tools to collect responses to the survey. The frequency and content of 
the questions, as well as the entities contacted, vary depending on 
developments in the economy. Second, economists at the Board survey 
business contacts by telephone, inquiring about current business 
conditions. Board economists conduct these surveys as economic 
conditions require, with approximately ten respondents for each survey.
    Current actions: The Federal Reserve proposes to increase the 
permitted number of respondents from 240 to 2,400, for the Reserve Bank 
surveys. This increase would allow (but not require) Reserve Banks to 
survey an average of 200 respondents per District instead of 20, 
providing better representation and more complete coverage of the 
developments within each District. The Reserve Banks have recently 
increased the number of businesses surveyed to better assess local 
markets (especially with respect to issues of broad applicability). The 
Board part of the survey would remain unchanged.

    Board of Governors of the Federal Reserve System, July 23, 2013.
Robert de V. Frierson,
Secretary of the Board.
[FR Doc. 2013-17961 Filed 7-25-13; 8:45 am]
BILLING CODE 6210-01-P