[Federal Register Volume 88, Number 174 (Monday, September 11, 2023)]
[Notices]
[Page 62370]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-19473]


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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, with revision, the 
Compensation and Salary Surveys (FR 29; OMB No. 7100-0290).

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, [email protected], (202) 
452-3884.
    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 (which contain more detailed 
information about the information collections and burden estimates than 
this notice), 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/reportingforms/home/review 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, With Revision, of the Following Information Collection

    Collection title: Compensation and Salary Surveys.
    Collection identifier: FR 29.
    OMB control number: 7100-0290.
    Effective Date: October 11, 2023.
    General description of collection: This family of surveys is 
currently comprised of the (1) Compensation and Salary Survey (FR 29a) 
and (2) Ad Hoc Surveys (FR 29b). The FR 29a is collected annually and 
the FR 29b is collected on an as needed basis, not more frequently than 
five times per year. These surveys collect information on salaries, 
employee compensation policies, and other employee programs from 
employers that are considered competitors of the Board. The data from 
the surveys primarily are used to determine the appropriate salary 
structure and salary adjustments for Board employees.
    Frequency: Event generated.
    Respondents: Employers considered competitors for Board employees.
    Total estimated number of respondents: 10.
    Total estimated change in burden: (210).
    Total estimated annual burden hours: 50.\1\
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    \1\ More detailed information regarding this collection, 
including more detailed burden estimates, can be found in the OMB 
Supporting Statement posted at https://www.federalreserve.gov/apps/reportingforms/home/review. On the page displayed at the link, you 
can find the OMB Supporting Statement by referencing the collection 
identifier, FR 29.
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    Current actions: On May 15, 2023, the Board published a notice in 
the Federal Register (88 FR 30973) requesting public comment for 60 
days on the extension, with revision, of the FR 29. The Board proposed 
to revise the FR 29 to no longer include the FR 29a, as it was 
determined not to be subject to the PRA. The comment period for this 
notice expired on July 14, 2023. The Board did not receive any 
comments. The revisions will be implemented as proposed.

    Board of Governors of the Federal Reserve System, September 5, 
2023.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2023-19473 Filed 9-8-23; 8:45 am]
BILLING CODE 6210-01-P