[Federal Register Volume 82, Number 10 (Tuesday, January 17, 2017)]
[Notices]
[Pages 4883-4884]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-00842]


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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 a proposal to 
extend for three years, without revision, the intermittent survey of 
business (FR 1374; OMB No. 7100-0302) and to extend for three years, 
without revision, the domestic finance company report of consolidated 
assets and liabilities (FR 2248; OMB No. 7100-0005) 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: Federal Reserve Board Acting Clearance 
Officer--Nuha Elmaghrabi--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 of the extension for 
three years, without revision, of the following reports:
    1. Report title: Intermittent Survey of Business.
    Agency form number: FR 1374.
    OMB control number: 7100-0302.
    Frequency: On occasion.
    Respondents: Businesses and state and local governments.
    Estimated number of respondents: 2,410.
    Estimated average hours per response: 15 minutes.
    Estimated annual burden hours: 1,825 hours.
    General Description of Report: 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 
Federal Reserve economists, the Federal Reserve Banks survey business 
contacts as economic developments warrant. Currently, there are 
approximately 2,400 business respondents for each survey (about 200 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 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

[[Page 4884]]

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.
    Legal authorization and confidentiality: The Board's Legal Division 
has determined that the Board is authorized to collect this information 
under sections 2A and 12A of the Federal Reserve Act (12 U.S.C. 225a 
and 263) and that respondent participation in the survey is voluntary. 
Although the names of the participating entities might be disclosed in 
the summary memo and the memo might contain information provided to the 
Board for internal use only, exemption 4 of the Freedom of Information 
Act (5 U.S.C. 552(b)(4)) may exempt this information from disclosure to 
the public. However, if the information collected on the FR 1374 does 
not meet these standards for confidentiality (for example if the 
information collected is already public), it would not be granted 
confidential treatment.
    Current Actions: On October 3, 2016, the Federal Reserve published 
a notice in the Federal Register (81 FR 68018) requesting public 
comment for 60 days on the extension, without revision, of the FR 1374. 
The comment period for this notice expired on December 2, 2016. The 
Federal Reserve did not receive any comments.
    2. Report title: Domestic Finance Company Report of Consolidated 
Assets and Liabilities.
    Agency form number: FR 2248.
    OMB control number: 7100-0005.
    Frequency: Monthly, quarterly, and semi-annually.
    Respondents: Domestic finance companies and mortgage companies.
    Estimated number of respondents: 450.
    Estimated average hours per response: Monthly, 20 minutes; 
quarterly, 30 minutes; Addendum, 10 minutes.
    Estimated annual burden hours: 750 hours.
    General Description of Report: The FR 2248 is collected monthly as 
of the last calendar day of the month from a stratified sample of 
finance companies. Each monthly report collects balance sheet data on 
major categories of consumer and business credit receivables and on 
major short-term liabilities. For quarter-end months (March, June, 
September, and December), additional asset and liability items are 
collected to provide a full balance sheet. A supplemental section 
collects data on securitized assets. The data are used to construct 
universe estimates of finance company holdings, which are published in 
the monthly statistical releases Finance Companies (G.20) and Consumer 
Credit (G.19), in the quarterly statistical release Flow of Funds 
Accounts of the United States (Z.1), and in the Federal Reserve 
Bulletin (Tables 1.51, 1.52, and 1.55).
    Legal authorization and confidentiality: The Board's Legal Division 
has determined that the FR 2248 is authorized by law pursuant to 
Section 2A of the Federal Reserve Act, 12 U.S.C. 225a). The obligation 
to respond is voluntary. Individual respondent data are confidential 
under section (b)(4) of the Freedom of Information Act (5 U.S.C. 
552(b)(4)).
    Current Actions: On October 3, 2016, the Federal Reserve published 
a notice in the Federal Register (81 FR 68018) requesting public 
comment for 60 days on the extension, without revision, of the FR 2248. 
The comment period for this notice expired on December 2, 2016. The 
Federal Reserve did not receive any comments.

    Board of Governors of the Federal Reserve System, January 11, 
2017.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2017-00842 Filed 1-13-17; 8:45 am]
 BILLING CODE 6210-01-P