[Federal Register Volume 80, Number 21 (Monday, February 2, 2015)]
[Notices]
[Pages 5531-5532]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-01887]


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FEDERAL RESERVE SYSTEM


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

AGENCY: Board of Governors of the Federal Reserve System.
SUMMARY: Notice is hereby given of the final approval of proposed 
information collections by the Board of Governors of

[[Page 5532]]

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: Federal Reserve Board Acting Clearance 
Officer --John Schmidt-- 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.
    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.

Final Approval Under OMB Delegated Authority To Pretest and Execute the 
Following Information Collection

    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.
    Current Actions: On October 29, 2014, the Federal Reserve published 
a notice in the Federal Register (79 FR 64388) requesting public 
comment for 60 days regarding the pretest and execution of the 2016 
Survey of Consumer Finances (SCF). The comment period for this notice 
expired on December 29, 2014. The Federal Reserve did not receive any 
comments. The survey will be conducted as proposed.

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

    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.
    Current Actions: On October 29, 2014, the Federal Reserve published 
a notice in the Federal Register (79 FR 64388) requesting public 
comment for 60 days on the extension, without revision, of the 
Recordkeeping and Disclosure Requirements Associated with the Guidance 
on Response Programs for Unauthorized Access to Customer Information. 
The comment period for this notice expired on December 29, 2014. The 
Federal Reserve did not receive any comments. The information 
collection will be extended as proposed.

    Board of Governors of the Federal Reserve System, January 28, 
2015.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2015-01887 Filed 1-30-15; 8:45 am]
BILLING CODE 6210-01-P