[Federal Register Volume 80, Number 85 (Monday, May 4, 2015)]
[Notices]
[Pages 25292-25293]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-10280]


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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 the Federal 
Reserve System (Board) under OMB delegated authority. 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--Mark Tokarski--
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.

SUPPLEMENTARY INFORMATION: 
    Final approval under OMB delegated authority of the extension for 
three years, without revision, of the following report:
    Report title: Recordkeeping Requirements Associated with Real 
Estate Appraisal Standards for Federally Related Transactions Pursuant 
to Regulations H and Y.
    Agency form number: FR H-4.
    OMB control number: 7100-0250.
    Frequency: Event-generated.
    Reporters: State member banks (SMBs) and nonbank subsidiaries of 
bank holding companies (BHCs).
    Estimated annual reporting hours: SMBs, 31,820 hours; nonbank 
subsidiaries of BHCs, 11,813 hours.
    Estimated average hours per response: SMBs, 0.25; nonbank 
subsidiaries of BHCs, 0.25.
    Number of respondents: SMBs, 860; nonbank subsidiaries of BHCs, 
613.
    General description of report: The recordkeeping requirements of 
this information collection are mandatory (12 U.S.C. 3339). Since the 
Federal Reserve does not collect this information, confidentiality is 
not generally an issue. However, if the Federal Reserve were to collect 
a copy of the appraisal report during an examination, the documents 
could be exempt from disclosure under FOIA (5 U.S.C 552(b)(4) and 
(b)(8)).
    Abstract: For federally related transactions, Title XI of the 
Financial Institutions Reform, Recovery, and Enforcement Act of 1989 
(FIRREA) requires SMBs and BHCs with credit-extending nonbank 
subsidiaries to use appraisals prepared in accordance with the Uniform 
Standards of Professional Appraisal Practice promulgated by the 
Appraisal Standards Board of the Appraisal Foundation. Generally, these 
standards include the methods and techniques used to analyze a property 
as well as the requirements for reporting such analysis and a value 
conclusion in the appraisal. SMBs and BHCs with credit-extending 
nonbank subsidiaries are expected to maintain records that demonstrate 
that appraisals used in their real estate-related lending activities 
comply with these regulatory requirements. There is no formal reporting 
form.
    Current Actions: On February 12, 2015, the Federal Reserve 
published a notice in the Federal Register (80 FR 7866) requesting 
public comment for 60 days on the extension, without revision, of the 
FR H-4. The comment period for this notice expired on April 13, 2015. 
The Federal Reserve did not receive any comments. The information 
collection will be extended for three years, without revision, as 
proposed.
    Final approval, under OMB delegated authority to implement the 
following information collection:
    Report title: Federal Reserve Board Public Web Site Usability 
Survey.
    Agency form number: FR 3076.
    OMB control number: 7100--to be assigned.
    Frequency: On occasion.
    Reporters: Consumers, media, economists, financial institutions, 
nonprofits, community development organizations, consumer groups, state 
or local agencies, and researchers from academic, government, policy 
and other institutions.
    Estimated annual reporting hours: Surveys, 300 hours; and Focus 
Groups, 120 hours.
    Estimated average hours per response: Surveys, 0.25 hours; and 
Focus Groups, 1.50 hours.
    Number of respondents: Surveys, 100; and Focus Groups, 20.
    General description of report: This information collection is 
generally authorized under section 2B of the Federal Reserve Act, as 
amended, that requires the Board to provide certain reports, audits, 
and other information that ``the Board reasonably believes is necessary 
or helpful to the public in understating the accounting, financial 
reporting, and internal controls of the Board and the Federal reserve 
banks''

[[Page 25293]]

(12 U.S.C. 225b(c)). In addition, the Board uses its Web site to 
provide the public information about a variety of other matters, 
including information about the Board, its actions, and the economy. 
The responses to this survey will help the Board to determine how 
effective its communications are as the Board strives to fulfill its 
statutory mission to ``maintain long run growth of the monetary and 
credit aggregates commensurate with the economy's long run potential to 
increase production, so as to promote effectively the goals of maximum 
employment, stable prices, and moderate long-term interest rates'' (12 
U.S.C. 225a). Participation in the FR 3076 would be voluntary and the 
information collected on these surveys is not considered confidential. 
Thus, no issue of confidentiality arises.
    Abstract: The Board would use the FR 3076 survey to obtain feedback 
from the public users of the Federal Reserve Board's public Web site, 
social media, outreach, and communication responsibilities. This 
collection would seek input from users or potential users to understand 
their interests and needs; to help make informed decisions concerning 
content, design, and dissemination strategies; to gauge public 
awareness of its offerings and resources; and to assess the 
effectiveness of its communications with various audiences.
    The FR 3076 would be used to gather qualitative and quantitative 
information directly from users or potential users of the Board's Web 
site such as the public, the Congress, other government agencies, 
economic educators, economists, financial institutions, financial 
literacy groups, and community development groups and more.
    Web pages may include press releases, data releases and download, 
reports, supervision manuals, brochures, new Web pages, audio, video, 
and use of social media. Information gathered may also include general 
input on users' interests and needs, feedback on Web site navigation 
and layout, distribution channels, or other factors which may affect 
the ability of users to locate and access content online.
    Qualitative surveys include data gathering methods such as focus 
groups and individual interviews. Quantitative surveys include surveys 
conducted online or via mobile device, by phone or by mail, emails, or 
a combination of these methods. The Board may choose to contract with 
an outside vendor to conduct focus groups, interviews, or surveys; or 
the Board may choose to collect the data directly.
    As FederalReserve.gov continues to evolve, the Board may seek input 
from users or potential users of Board's public Web site on questions 
such as:
     Did you find the content and layout relevant and of value?
     How did you find the content you were looking for?
     Was the navigation useful?
     How did you learn about the content?
     How did you access the content? (e.g.: paper copy 
distributed at an event, online, or mobile device). If online or 
through a mobile device, was the document printed, viewed on a tablet, 
or on a computer screen?
     What suggestions do you have for improving the format and 
appearance of online presentation? (e.g.: readability--font size, 
charts, and graphs; organization of information; and navigating--
indexing, search tools, and links).
     What other information would be of value to enhance the 
online tool or information?
    Participation in the FR 3076 would be voluntary.
    Current Actions: On February 12, 2015, the Federal Reserve 
published a notice in the Federal Register (80 FR 7866) requesting 
public comment for 60 days on the implementation of the FR 3076. The 
comment period for this notice expired on April 13, 2015. The Federal 
Reserve did not receive any comments. The information collection will 
be implemented, as proposed.

    Board of Governors of the Federal Reserve System, April 28, 
2015.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2015-10280 Filed 5-1-15; 8:45 am]
 BILLING CODE 6210-01-P