[Federal Register Volume 89, Number 147 (Wednesday, July 31, 2024)]
[Notices]
[Pages 61423-61424]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-16768]


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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 
Survey of Consumer Finances (FR 3059; OMB No. 7100-0287).

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. On the page displayed at the link above, you can find the 
supporting information by referencing the collection identifier, FR 
3059.

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

    Collection title: Survey of Consumer Finances.
    Collection identifier: FR 3059.
    OMB control number: 7100-0287.

[[Page 61424]]

    General description of collection: This triennial survey is the 
only source of representative information on the structure of U.S. 
families' finances. The survey collects data on the assets, debts, 
income, work history, pension rights, use of financial services, and 
attitudes of a sample of U.S. families. Because the ownership of some 
assets is relatively concentrated in a small number of families, the 
survey makes a special effort to ensure proper representation of such 
assets by systematically oversampling wealthier families. For the 2025 
survey, the Board will conduct: (1) up to 150 interviews averaging 
about 110 minutes as a test or series of tests of the survey procedures 
in 2025, and (2) up to 7,000 interviews averaging about 110 minutes 
(main survey) between April 2025 and March 2026.
    Frequency: Triennial.
    Respondents: U.S. families.
    Total estimated number of respondents: 7,150.
    Total estimated annual burden hours: 4,410.
    Current actions: On March 7, 2024, the Board published a notice in 
the Federal Register (89 FR 16571) requesting public comment for 60 
days on the extension, without revision, of the FR 3059. The comment 
period for this notice expired on May 6, 2024. The Board did not 
receive any comments.

    Board of Governors of the Federal Reserve System, July 25, 2024.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2024-16768 Filed 7-30-24; 8:45 am]
BILLING CODE 6210-01-P