[Federal Register Volume 87, Number 178 (Thursday, September 15, 2022)]
[Notices]
[Pages 56677-56678]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-19999]


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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, without 
revision, the Payments Research Survey (FR 3067; OMB No. 7100-0355).

DATES: Comments must be submitted on or before November 14, 2022.

ADDRESSES: You may submit comments, identified by FR 3067, 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 the OMB 
number or FR number in the subject line of the message.
     Fax: (202) 452-3819 or (202) 452-3102.
     Mail: Federal Reserve Board of Governors, Attn: Ann E. 
Misback, Secretary of the Board, Mailstop M-4775, 2001 C St. NW, 
Washington, DC 20551.
    All public comments are available from the Board's website at 
https://www.federalreserve.gov/apps/foia/proposedregs.aspx as 
submitted, unless modified for technical reasons or to remove 
personally identifiable information at the commenter's request. 
Accordingly, comments will not be edited to remove any confidential 
business information, identifying information, or contact information. 
Public comments may also be viewed electronically or in paper in Room 
M-4365A, 2001 C St. NW, Washington, DC 20551, 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 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.

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.

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. 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.
    During the comment period for this proposal, a copy of the proposed 
PRA OMB submission, including the draft reporting form and 
instructions, supporting statement, and other documentation, will 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 above. Final 
versions of these documents will be made available at https://www.reginfo.gov/public/do/PRAMain, if approved.

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.

Proposal Under OMB Delegated Authority To Extend for Three Years, 
Without Revision, the Following Information Collection

    Collection title: Payments Research Survey.
    Collection identifier: FR 3067.
    OMB control number: 7100-0355.
    Frequency: As needed.
    Respondents: Private sector, individual consumers or households, 
and state and local government agencies.
    Estimated number of respondents: Private sector, 4,300; Individual

[[Page 56678]]

consumers or households, 5,500; State and local government agencies, 
200.
    Estimated average hours per response: Private sector, 1.5; 
Individual consumers or households, 1.5; State and local government 
agencies, 1.5.
    Estimated annual burden hours: Private sector, 12,900; Individual 
consumers or households, 16,500; State and local government agencies. 
600.
    General description of collection: The FR 3067 is a series of 
surveys used to conduct research related to the Federal Reserve 
System's role in the payments system, including supervisory, 
regulatory, fiscal, or operational responsibilities. The survey topics 
are time-sensitive and the questions of interest vary with the focus of 
the survey. Because the relevant questions may change with each survey, 
there is no fixed reporting form. For each survey, the Board prepares 
questions of specific topical interest and then determines the relevant 
target group to contact.
    Legal authorization and confidentiality: The Board uses the 
information obtained through the FR 3067 to discharge its statutory 
responsibilities, including those under the following statutes:
     Section 609 of the Expedited Funds Availability Act; \1\
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    \1\ 12 U.S.C. 4008(c) (authorizing the Board to prescribe such 
regulations as it may determine appropriate to carry out its 
responsibility to regulate the payment system).
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     Title VIII of the Dodd-Frank Wall Street Reform and 
Consumer Protection Act; \2\
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    \2\ 12 U.S.C. 5461(b) (authorizing the Board to promote uniform 
standards for the management of risks by systemically important 
financial market utilities and conduct of systemically important 
payment, clearing, and settlement activities by financial 
institutions, as well as providing an enhanced role in the 
supervision of risk management standards for systemically important 
financial market utilities and systemically important payment, 
clearing, and settlement activities by financial institutions).
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     Sections 904 and 920 of the Electronic Fund Transfer Act; 
\3\
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    \3\ 15 U.S.C. 1693b, 1693o-2 (authorizing the Board to prescribe 
regulations relating to interchange fees for electronic debit 
transactions and require any debit card issuer or payment card 
network to provide the Board with such information as may be 
necessary to carry out its responsibility to regulate interchange 
fees for electronic debit transactions).
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     Section 7 of the Bank Service Company Act; \4\
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    \4\ 12 U.S.C. 1867 (authorizing the Board to issue such 
regulations and orders as may be necessary to administer and carry 
out the purposes of the Bank Services Company Act and prevent 
evasions thereof).
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     Section 15 of the Check Clearing for the 21st Century Act; 
\5\ and
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    \5\ 12 U.S.C. 5014 (authorizing the Board to prescribe such 
regulations as it determines necessary to implement, prevent 
circumvention or evasion of, or facilitate compliance with the 
Expedited Funds Availability Act, as amended).
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     Sections 2A, 11, 11A, 13, and 16 of the Federal Reserve 
Act.\6\
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    \6\ 12 U.S.C. 225a, 248, 248a, 342, 360, and 248-1 (inter alia, 
requiring the Board 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, stable prices, and moderate long-term interest 
rates).
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    The FR 3067 surveys are voluntary. Individual respondents may 
request confidential treatment in accordance with the Board's Rules 
Regarding Availability of Information.\7\ Requests for confidential 
treatment of information are reviewed on a case-by-case basis. To the 
extent information provided on the FR 3067 is nonpublic commercial or 
financial information, which is both customarily and actually treated 
as private by the respondent, the information may be protected from 
disclosure pursuant to exemption 4 of the Freedom of Information 
Act.\8\
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    \7\ 12 CFR 261.17.
    \8\ 5 U.S.C. 552(b)(4).

    Board of Governors of the Federal Reserve System, September 12, 
2022.
Margaret Shanks,
Deputy Secretary of the Board.
[FR Doc. 2022-19999 Filed 9-14-22; 8:45 am]
BILLING CODE 6210-01-P