[Federal Register Volume 84, Number 120 (Friday, June 21, 2019)]
[Notices]
[Pages 29203-29204]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-13107]
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FEDERAL RESERVE SYSTEM
Proposed Agency Information Collection Activities; Comment
Request
AGENCY: Board of Governors of the Federal Reserve System.
ACTION: Notice, request for comment.
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SUMMARY: The Board of Governors of the Federal Reserve System (Board)
invites comment on a proposal to extend for three years, with revision,
the Payments Systems Surveys (FR 3054; OMB No. 7100-0332).
DATES: Comments must be submitted on or before August 20, 2019.
ADDRESSES: You may submit comments, identified by FR 3054, by any of
the following methods:
Agency Website: https://www.federalreserve.gov. Follow the
instructions for submitting comments at https://www.federalreserve.gov/apps/foia/proposedregs.aspx.
Email: [email protected]. Include OMB
number in the subject line of the message.
FAX: (202) 452-3819 or (202) 452-3102.
Mail: Ann E. Misback, Secretary, Board of Governors of the
Federal Reserve System, 20th Street and Constitution Avenue NW,
Washington, DC 20551.
All public comments are available on the Board's website at https://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
146, 1709 New York Avenue NW, Washington, DC 20006, between 9:00 a.m.
and 5:00 p.m. on weekdays. For security reasons, the Board requires
that visitors make an appointment to inspect comments. You may do so by
calling (202) 452-3684. Upon arrival, visitors will be required to
present valid government-issued photo identification and to submit to
security screening in order to inspect and photocopy comments.
Additionally, commenters may send a copy of their comments to the
Office of Management and Budget (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 Paperwork Reduction Act
(PRA) OMB submission, including the proposed reporting form and
instructions, supporting statement, and other documentation will be
placed into OMB's public docket files, if approved. These documents
will also be made available on the Board's public website at https://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--Nuha Elmaghrabi--Office of
the Chief Data Officer, Board of Governors of the Federal Reserve
System, Washington, DC 20551, (202) 452-3829.
SUPPLEMENTARY INFORMATION: On June 15, 1984, OMB delegated to the Board
authority under the PRA to approve and assign OMB control numbers to
collection of information requests and requirements conducted or
sponsored by the Board. In exercising this delegated authority, the
Board is directed to take every reasonable step to solicit comment. In
determining whether to approve a collection of information, the Board
will consider all comments received from the public and other agencies.
Request for Comment on Information Collection Proposal
The Board invites public comment on the following information
collection, which is being reviewed under authority delegated by the
OMB under the PRA. Comments are invited on the following:
a. Whether the proposed collection of information is necessary for
the proper performance of the Board's functions, including whether the
information has practical utility;
b. The accuracy of the Board'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 startup costs and costs of operation,
maintenance, and purchase of services to provide information.
At the end of the comment period, the comments and recommendations
received will be analyzed to determine the extent to which the Board
should modify the proposal.
[[Page 29204]]
Proposal Under OMB Delegated Authority To Extend for Three Years, With
Revision, the Following Information Collection
Report title: Payments Systems Surveys.
Agency form number: FR 3054.
OMB control number: OMB No. 7100-0332.
Frequency: FR 3054a, five times per year; FR 3054b, annually; FR
3054c, semi-annually; FR 3054d, quarterly; and FR 3054e, five times per
year.
Respondents: Financial institutions, including depository
institutions, individuals, law enforcement, and nonfinancial businesses
(banknote equipment manufacturers, or global wholesale bank note
dealers).
Estimated number of respondents: FR 3054a, 4,000 respondents; FR
3054b, 300 respondents; FR 3054c, 25 respondents; FR 3054d, 250
respondents; and FR 3054e, 500 respondents.
Estimated average hours per response: FR 3054a, 0.75 hours; FR
3054b, 0.50 hours; FR 3054c, 30 hours; FR 3054d, 2.5 hours; and FR
3054e, 0.50 hours.
Estimated annual burden hours: FR 3054a, 15,000 hours; FR 3054b,
150 hours; FR 3054c, 1,500 hours; FR 3054d, 2,500 hours; and FR 3054e,
1,250 hours.
General description of report: The Payments Systems Surveys are
used to obtain information specifically tailored to the Federal
Reserve's operational and fiscal agency responsibilities.
Proposed revisions: The Board proposes to revise the Ad Hoc
Payments Systems Survey (FR 3054a) to increase the frequency of surveys
from once per year to five times annually, and reduce the number of
respondents from 20,000 to 4,000. The increase in frequency of surveys
will allow the Federal Reserve System flexibility to respond to diverse
needs for data by surveying smaller groups of respondents multiple
times throughout a year. Under the Ad Hoc Payments Systems Survey, the
Board plans to administer online or in person surveys, in-depth
interviews, and observations of focus groups in order to answer
critical programmatic questions from U.S. currency stakeholders. In
addition, the Board proposes to implement one new survey, the Currency
Education Usability Survey (FR 3054e). The Currency Education Usability
Survey would be conducted approximately five times per year to assess
the usability of digital or online education materials on U.S.
currency. The Currency Education Usability Survey may be conducted by
the Board or a private firm.
Legal authorization and confidentiality: The information obtained
from the FR 3054 may be used in support of the Board's role in
overseeing the Federal Reserve Banks' provision of financial services
to depository institutions; developing policies and regulations to
foster the efficiency and integrity of the U.S. payment system; working
with other central banks and international organizations to improve the
payment system more broadly; conducting research on payments issues;
and working with other federal agencies on currency design, quality
issues, and to educate the global public on the security features of
Federal Reserve notes. Therefore, the FR 3054 is authorized pursuant to
the Board's authority under Sections 11(d),\1\ 11A,\2\ 13,\3\ and 16
\4\ of the Federal Reserve Act. The FR 3054 is voluntary.
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\1\ 12 U.S.C. 248(d).
\2\ 12 U.S.C. 248a.
\3\ 12 U.S.C. 342.
\4\ 12 U.S.C. 411, 412, 413, 414, 415, 416, 417, 421.
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The questions asked on each survey would vary, so the ability of
the Board to maintain the confidentiality of information collected
would be determined on a case by case basis. It is possible that the
information collected would constitute confidential commercial or
financial information, which may be kept confidential under exemption 4
of the Freedom of Information Act (FOIA).\5\ In circumstances where the
Board collects information related to individuals, exemption 6 of the
FOIA would protect information ``the disclosure of which would
constitute a clearly unwarranted invasion of personal privacy.'' \6\ To
the extent the information collected relates to examination, operating,
or condition reports prepared for the use of an agency supervising
financial institutions, such information may be kept confidential under
exemption 8 of the FOIA.\7\
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\5\ 5 U.S.C. 552(b)(4).
\6\ 5 U.S.C. 552(b)(6).
\7\ 5 U.S.C. 552(b)(8).
Board of Governors of the Federal Reserve System, June 17, 2019.
Ann Misback,
Secretary of the Board.
[FR Doc. 2019-13107 Filed 6-20-19; 8:45 am]
BILLING CODE 6210-01-P