[Federal Register Volume 79, Number 209 (Wednesday, October 29, 2014)]
[Notices]
[Pages 64388-64389]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-25696]


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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 part 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 December 29, 2014.

ADDRESSES: You may submit comments, identified by FR 3059 or FR 4100, 
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.
     Email: [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 
http://www.federalreserve.gov/apps/foia/proposedregs.aspx 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 Acting Clearance Officer--John Schmidt--
Office of the Chief Data Officer, Board

[[Page 64389]]

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 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;
    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 Conduct Under OMB Delegated Authority the Following Survey

    1. Report title: 2016 Survey of Consumer Finances (SCF).
    Agency form number: FR 3059.
    OMB control number: 7100-0287.
    Frequency: One-time survey.
    Reporters: U.S. families.
    Estimated annual reporting hours: Pretest: 188 hours and Main 
survey: 8,750 hours.
    Estimated average hours per response: Pretest, 75 minutes; and Main 
survey, 75 minutes.
    Number of respondents: Pretest, 150; and Main survey, 7,000.
    General description of report: This information collection is 
voluntary (12 U.S.C. 225a. and 263). The information collected on the 
FR 3059 is exempt from disclosure in identifiable form under the 
Confidential Information Protection and Statistical Efficiency Act 
(CIPSEA) and section (b)(3) of the Freedom of Information Act. 44 
U.S.C. 3501, note, and 5 U.S.C. 552(b)(3).
    Abstract: This would be the twelfth triennial SCF since 1983, the 
beginning of the current series. This survey is the only source of 
representative information on the structure of U.S. families' finances. 
The survey would collect data on the assets, debts, income, work 
history, pension rights, use of financial services, and attitudes of a 
sample of U.S. families. Because the ownership of some assets is 
relatively concentrated in a small number of families, the survey would 
make a special effort to ensure proper representation of such assets by 
systematically oversampling wealthier families.

Proposal to Approve Under OMB Delegated Authority the Extension for 
Three Years, Without Revision, of the Following Report

    1. Report title: The Recordkeeping and Disclosure Requirements 
Associated with the Guidance on Response Programs for Unauthorized 
Access to Customer Information.
    Agency form number: FR 4100.
    OMB control number: 7100-0309.
    Frequency: Develop customer notice, one-time; Incident 
notification, event-generated.
    Reporters: Financial institutions.
    Estimated annual reporting hours: Develop response program, 456 
hours; Incident notification, 5,436 hours.
    Estimated average hours per response: Develop response program, 24 
hours; Incident notification, 36 hours.
    Number of respondents: Develop response program, 19; Incident 
notification, 151.
    General description of report: This information collection is 
mandatory (15 U.S.C. 6801(b)). Since the Federal Reserve does not 
collect information associated with the FR 4100, any issue of 
confidentiality would not generally be an issue. However, 
confidentiality may arise if the Federal Reserve were to obtain a copy 
of a customer notice during the course of an examination or were to 
receive a copy of a Suspicious Activity Report (SAR; FR 2230; OMB No. 
7100-0212). In such cases the information would be exempt from 
disclosure to the public under the Freedom of Information Act (5 U.S.C 
552(b)(3), (4), and (8)). Also, a federal employee is prohibited by law 
from disclosing a SAR or the existence of a SAR (31 U.S.C. 5318(g)).
    Abstract: The FR 4100 is the information collection associated with 
the Interagency Guidance on Response Programs for Unauthorized Access 
to Customer Information and Customer Notice (security guidelines), 
which was published in the Federal Register in March 2005 (70 FR 
15736). Trends in customer information theft and the accompanying 
misuse of that information led to the issuance of these security 
guidelines applicable to financial institutions. The security 
guidelines are designed to facilitate timely and relevant notification 
to affected customers and the appropriate regulatory authority of the 
financial institutions. The security guidelines provide specific 
direction regarding the development of response programs and customer 
notifications.

    Board of Governors of the Federal Reserve System, October 24, 
2014.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2014-25696 Filed 10-28-14; 8:45 am]
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