[Federal Register Volume 85, Number 181 (Thursday, September 17, 2020)]
[Notices]
[Page 58056]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-20505]



[[Page 58056]]

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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: The Board of Governors of the Federal Reserve System (Board) 
is adopting a proposal to extend for three years, without revision, the 
Surveys of Consumer and Community Affairs Publications and Resources 
(FR 1378; OMB No. 7100-0358).

FOR FURTHER INFORMATION CONTACT: 
    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.
    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.
    A copy of the Paperwork Reduction Act (PRA) OMB submission, 
including the reporting form and instructions, supporting statement, 
and other documentation will be placed into OMB's public docket files. 
These documents also are available on the Federal Reserve 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 above.

SUPPLEMENTARY INFORMATION: On June 15, 1984, OMB delegated to the Board 
authority under the PRA to approve and assign OMB control numbers to 
collections of information conducted or sponsored by the Board. Board-
approved collections of information are incorporated into the official 
OMB inventory of currently approved collections of information. Copies 
of the PRA Submission, supporting statements, and approved collection 
of information instrument(s) are placed into OMB's public docket files.

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

    Report title: Surveys of Consumer and Community Affairs 
Publications and Resources.
    Agency form number: FR 1378.
    OMB control number: 7100-0358.
    Frequency: As needed.
    Respondents: Individuals, businesses, non-profit institutions, 
government entities, and other Board stakeholders.
    Estimated number of respondents: Consumer surveys, quantitative: 
1,000; consumer surveys, qualitative: 50; stakeholder surveys, 
quantitative: 800; stakeholder surveys, qualitative: 50.
    Estimated average hours per response: Consumer surveys, 
quantitative: 0.25; consumer surveys, qualitative: 1.5; stakeholder 
surveys, quantitative: 0.25; stakeholder surveys, qualitative: 1.5.
    Estimated annual burden hours: Consumer surveys, quantitative: 500; 
consumer surveys, qualitative: 300; stakeholder surveys, quantitative: 
1,200; stakeholder surveys, qualitative: 300; total: 2,300.
    General description of report: The Board uses this collection to 
seek input from users or potential users of the Board's publications, 
resources, and conference materials to understand their interests and 
needs; to inform decisions concerning content, design, and 
dissemination strategies; to gauge public awareness of the Board's 
publications, resources, and conferences; and to assess the 
effectiveness of the Board's communications with various respondents.
    The surveys in this collection are used to gather qualitative and 
quantitative information directly from users or potential users of 
Board publications, resources, and conference materials, such as 
consumers (consumer surveys) and stakeholders (stakeholder surveys). 
Stakeholders may include, but are not limited to, nonprofits, community 
development organizations, consumer groups, conference attendees, 
financial institutions and other financial companies offering consumer 
financial products and services, other for profit companies, state or 
local agencies, and researchers from academic, government, policy, and 
other institutions.
    The frequency of the survey and content of the questions will vary 
as needs arise for feedback on different resources and from different 
audiences.
    Legal authorization and confidentiality: The FR 1378 is authorized 
by sections 2A and 12A of the Federal Reserve Act (FRA). Section 2A of 
the FRA requires that the Board and the Federal Open Market Committee 
(FOMC) ``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 the maximum 
employment, stable prices, and moderate long-term interest rates.'' 
Under section 12A of the FRA, the FOMC is required to implement 
regulations relating to the open market operations conducted by Federal 
Reserve Banks ``with a view to accommodating commerce and business and 
with regard to their bearing upon the general credit situation of the 
country.'' The information collection under the FR 1378 is used to 
fulfill these obligations.
    In addition, the Board is responsible for implementing and drafting 
regulations and interpretations for various consumer protection laws. 
The information obtained from the FR 1378 may be used in support of the 
Board's development and implementation of regulatory provisions for 
these laws. Therefore, depending on the survey questions asked, the FR 
1378 may be authorized pursuant to the Board's authority under one or 
more of those consumer protection statutes. The information collected 
under FR 1378 is not confidential.
    Current actions: On May 11, 2020, the Board published a notice in 
the Federal Register (85 FR 27740) requesting public comment for 60 
days on the extension, without revision, of the FR 1378. The comment 
period for this notice expired on July 10, 2020. The Board did not 
receive any comments.

    Board of Governors of the Federal Reserve System, September 14, 
2020.
Michele Taylor Fennell,
Assistant Secretary of the Board.
[FR Doc. 2020-20505 Filed 9-16-20; 8:45 am]
BILLING CODE 6210-01-P