[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