[Federal Register Volume 87, Number 33 (Thursday, February 17, 2022)]
[Notices]
[Pages 9055-9056]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-03471]


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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 
Application Form for Membership on the Community Advisory Committee 
Council (FR 1401; OMB No. 7100-0371).

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 for the Federal 
Reserve Board, 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.

SUPPLEMENTARY INFORMATION: On June 15, 1984, OMB delegated to the Board 
authority under the Paperwork Reduction Act (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. The OMB inventory, as well as copies of the 
PRA Submission, supporting statements, and approved collection of 
information instrument(s) are available at https://www.reginfo.gov/public/do/PRAMain. These documents are also 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.

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

    Report title: Application Form for Membership on the Community 
Advisory Committee Council.
    Agency form number: FR 1401.
    OMB control number: 7100-0371.
    Frequency: Annually.
    Respondents: Any person seeking to be considered for membership on 
the Community Advisory Committee (CAC) Council.
    Estimated number of respondents: 300.
    Estimated average hours per response: 1.
    Estimated annual burden hours: 300.
    General description of report: The CAC Application (Application) is 
used to obtain information about the experience and qualification of 
persons seeking to be considered for membership on the CAC of the 
Board. The Application collects an applicant's contact information; 
details regarding current employment and areas of expertise; a resume, 
which typically includes information about employment history, 
education, and training; and a cover letter explaining why the 
applicant is interested in serving on the CAC and what he or she 
believes are their primary qualifications. Applicants can voluntarily 
elect to provide additional information to support their application.
    Legal authorization and confidentiality: The Application is 
authorized pursuant to sections 2A and 10 of the Federal Reserve Act 
(FRA).\1\ Section 2A of the FRA requires the Board and Federal Open 
Market Committee 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,

[[Page 9056]]

stable prices, and moderate long-term interest rates.'' \2\ Section 10 
of the FRA authorizes the Board to ``determine and prescribe the manner 
in which its obligations shall be incurred and its disbursements and 
expenses allowed and paid.'' \3\ Providing information collected as 
part of the Application is required to obtain a benefit.
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    \1\ 12 U.S.C. 225a and 244.
    \2\ 12 U.S.C. 225a.
    \3\ 12 U.S.C. 244. This authority permits the Board to collect 
personal information (e.g., bank account routing numbers) needed to 
disburse travel funds to CAC members.
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    Generally, information provided on the Application may be kept 
confidential from the public under exemption 6 of the Freedom of 
Information Act (FOIA) to the extent that the disclosure of the 
information ``would constitute a clearly unwarranted invasion of 
personal privacy.'' For example, the release of information such as the 
applicant's address, home telephone number, or personal email address 
to the public would likely constitute a clearly unwarranted invasion of 
personal privacy and be kept confidential. However, the release of 
information such as the educational and professional qualifications of 
successful applicants would not likely constitute a clearly unwarranted 
invasion of personal privacy and may be disclosed under the FOIA. In 
addition, once a person becomes a member of the CAC, their name, and 
the name and location of the organization where they are employed, 
would generally be listed on the Board's public website.
    Current actions: On October 5, 2021, the Board published a notice 
in the Federal Register (86 FR 54977) requesting public comment for 60 
days on the extension, without revision, of the Application Form for 
Membership on the Community Advisory Committee Council. The comment 
period for this notice expired on December 6, 2021. The Board did not 
receive any comments.

    Board of Governors of the Federal Reserve System, February 14, 
2022.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2022-03471 Filed 2-16-22; 8:45 am]
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