Fr 1380 Ifr

FR1380_FR3051_20090330_ifr.pdf

Studies to Develop and Test Consumer Regulatory Disclosures

FR 1380 IFR

OMB: 7100-0312

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Federal Register / Vol. 74, No. 59 / Monday, March 30, 2009 / Notices

consideration of the matters which were
to be the subject of this meeting on less
than seven days’ notice to the public;
that no earlier notice of the meeting was
practicable; that the public interest did
not require consideration of the matters
in a meeting open to public observation;
and that the matters could be
considered in a closed meeting by
authority of subsections (c)(4), (c)(8),
and (c)(9)(B) of the ‘‘Government in the
Sunshine Act’’ (5 U.S.C. 552b(c)(4),
(c)(8), and (c)(9)(B)).
The meeting was held in the Board
Room of the FDIC Building located at
550–17th Street, NW., Washington, DC.
Dated: March 26, 2009.
Robert E. Feldman,
Executive Secretary.
[FR Doc. E9–7188 Filed 3–26–09; 4:15 pm]
BILLING CODE 6714–01–P

FEDERAL RESERVE SYSTEM
Proposed Agency Information
Collection Activities; Comment
Request

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AGENCY: Board of Governors of the
Federal Reserve System.
SUMMARY: Background. On June 15,
1984, the Office of Management and
Budget (OMB) delegated to the Board of
Governors of the Federal Reserve
System (Board) its approval authority
under the Paperwork Reduction Act
(PRA), as per 5 CFR 1320.16, to approve
of and assign OMB control numbers to
collection of information requests and
requirements conducted or sponsored
by the Board under conditions set forth
in 5 CFR 1320 Appendix A.1. Boardapproved collections of information are
incorporated into the official OMB
inventory of currently approved
collections of information. Copies of the
Paperwork Reduction Act Submission,
supporting statements and approved
collection of information instruments
are placed into OMB’s public docket
files. The Federal Reserve may not
conduct or sponsor, and the respondent
is not required to respond to, an
information collection that has been
extended, revised, or implemented on or
after October 1, 1995, unless it displays
a currently valid OMB control number.

Request for Comment on Information
Collection Proposals
The following information
collections, which are being handled
under this delegated authority, have
received initial Board approval and are
hereby published for comment. At the
end of the comment period, the
proposed information collections, along
with an analysis of comments and

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recommendations received, will be
submitted to the Board for final
approval under OMB delegated
authority. Comments are invited on the
following:
a. Whether the proposed collection of
information is necessary for the proper
performance of the Federal Reserve’s
functions; including whether the
information has practical utility;
b. The accuracy of the Federal
Reserve’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; and
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.
DATES: Comments must be submitted on
or before May 29, 2009.
ADDRESSES: You may submit comments,
identified by FR 1380 or FR 3051 by any
of the following methods:
• Agency Web Site: http://
www.federalreserve.gov. Follow the
instructions for submitting comments at
http://www.federalreserve.gov/
generalinfo/foia/ProposedRegs.cfm.
• Federal eRulemaking Portal: http://
www.regulations.gov. Follow the
instructions for submitting comments.
• E-mail:
[email protected].
Include docket number in the subject
line of the message.
• Fax: 202/452–3819 or 202/452–
3102.
• Mail: Jennifer J. Johnson, Secretary,
Board of Governors of the Federal
Reserve System, 20th Street and
Constitution Avenue, NW., Washington,
DC 20551.
All public comments are available from
the Board’s Web site at http://
www.federalreserve.gov/generalinfo/
foia/ProposedRegs.cfm as submitted,
unless modified for technical reasons.
Accordingly, your comments will not be
edited to remove any identifying or
contact information. Public comments
may also be viewed electronically or in
paper form in Room MP–500 of the
Board’s Martin Building (20th and C
Streets, NW.) between 9 a.m. and 5 p.m.
on weekdays.
Additionally, commenters should
send a copy of their comments to the
OMB Desk Officer by mail to the Office
of Information and Regulatory Affairs,
U.S. 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.

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FOR FURTHER INFORMATION CONTACT: A
copy of the PRA OMB submission
including, the proposed reporting form
and instructions, supporting statement,
and other documentation will be placed
into OMB’s public docket files, once
approved. These documents will also be
made available on the Federal Reserve
Board’s public Web site at: http://
www.federalreserve.gov/boarddocs/
reportforms/review.cfm or may be
requested from the agency clearance
officer, whose name appears below.
Michelle Shore, Federal Reserve
Board Clearance Officer (202–452–
3829), Division of Research and
Statistics, Board of Governors of the
Federal Reserve System, Washington,
DC 20551. Telecommunications Device
for the Deaf (TDD) users may contact
(202–263–4869), Board of Governors of
the Federal Reserve System,
Washington, DC 20551.
Proposal to approve under OMB
delegated authority the extension for
three years, without revision, of the
following report:
Report title: Studies to Develop and
Test Consumer Regulatory Disclosures.
Agency form number: FR 1380.
OMB control number: 7100–0312.
Frequency: Consumer surveys:
Qualitative testing, 4; Quantitative
testing, and 4; Institution or Stakeholder
surveys: Qualitative survey, 50;
Quantitative survey, 2.
Reporters: Consumers, financial
institutions, or stakeholders that engage
in consumer lending and provide other
financial products and services.
Estimated Annual Reporting Hours:
20,884 hours.
Estimated Average Hours per
Response: Consumer surveys:
Qualitative testing, 2 hours;
Quantitative testing, 0.33 hours; and
Institution or Stakeholder surveys:
Qualitative survey, 10 hours;
Quantitative survey, 15 hours.
Estimated Number of Respondents:
Consumer surveys: Qualitative testing,
225; Quantitative testing, 1,200; and
Institution or Stakeholder surveys:
Qualitative survey, 20; Quantitative
survey, 250.
General Description of Report: This
information collection is authorized
pursuant to the: Home Mortgage Act,
Section 806 (12 U.S.C. 2804(a));
Community Reinvestment Act, Section
806 (12 U.S.C. 2905); Competitive
Equality Banking Act, Section 1204 (12
U.S.C. 3806) (adjustable rate mortgage
caps); Expedited Funds Availability Act,
Section 609 (12 U.S.C. 4008); Truth in
Saving Act, Section 269 (12 U.S.C.
4308); Federal Trade Commission Act,
Section 18(f) (15 U.S.C. 57a(f)); Truth in
Lending Act, Section 105 (15 U.S.C.
1604); Mortgage Disclosure

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Federal Register / Vol. 74, No. 59 / Monday, March 30, 2009 / Notices
Improvement Act, Sections 2501
through 2503 of the Housing and
Economic Recovery Act of 2008 (15
U.S.C. 1638(b)(2)) (early disclosures for
home refinance loans and home equity
loans) Higher Education Opportunity
Act of 2008, Section 1021(a) (15 U.S.C.
1638(e)(5)) (private student loan
disclosures) Fair Credit Reporting Act,
Section 621 (15 U.S.C. 1681s(e)); Equal
Credit Opportunity Act, Section 703 (15
U.S.C. 1691b(a)); Electronic Funds
Transfer Act, Section 904 (15 U.S.C.
1693b); and Gramm-Leach-Bliley Act,
Section 504 (15 U.S.C. 6804).
Respondent participation in the survey
is voluntary. If the Federal Reserve
contracts with an outside firm that
retains the respondent identifying data
and, pursuant to a contractual
agreement, that data cannot be reported
to the Federal Reserve, then the
respondent identifying data cannot be
considered an agency record and would
not be subject to disclosure under the
Freedom of Information Act (FOIA).
However, if there is no contractual
agreement between the Federal Reserve
and an outside firm regarding the
reporting of respondent identifying data,
or if the Federal Reserve conducted the
survey itself, the information could be
considered an agency record subject to
subsection (b)(6) of the FOIA. The
confidentiality of the information
obtained from financial institutions and
other stakeholders will be determined
on a case-by-case basis when the
specific questions to be asked on each
particular survey are formulated, but
before respondents are contacted.
Depending upon the survey questions,
confidential treatment could be
warranted under subsection (b)(4) of the
FOIA. 5 U.S.C. § 552(b)(4) and (6).
Abstract: The FR 1380 is used to
gather qualitative and quantitative
information directly from consumers
(consumer studies), and also to gather
qualitative and quantitative information
from financial institutions offering
consumer financial products and
services and from other stakeholders,
such as brokers, appraisers, settlement
agents, software vendors, and consumer
groups (stakeholder studies). This
information collection is specifically
targeted to the development of
consumer regulations. The consumer
studies gather information about
individual consumers’ knowledge of,
and attitudes toward, consumer
disclosures used by financial
institutions in compliance with Federal
Reserve regulations. The consumer
studies may also enable the Federal
Reserve to develop and test consumer
education resources. The stakeholder

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studies gather information from the
institutions offering financial products
and services and other third parties
regarding products, disclosure,
marketing, advertising, and sales
practices.
Proposal to approve under OMB
delegated authority the implementation
of the following report:
Report Title: Microeconomic Survey.
Agency Form Number: FR 3051.
OMB Control Number: 7100–0321.
Frequency: Annually and monthly, as
needed.
Reporters: Individuals, households,
and financial and non-financial
businesses.
Estimated Annual Reporting Hours:
Annual, 6,000 hours; Monthly, 18,000
hours.
Estimated Average Hours per
Response: Annual, 30 minutes;
Monthly, 60 minutes.
Estimated Number of Respondents:
Annual, 6,000; Monthly, 3,000.
General Description of Report: This
information collection is voluntary (12
U.S.C. 225A and 263). Generally, when
the survey or study is conducted by an
outside firm, names or other such
directly identifying characteristics
would not be reported to the Federal
Reserve. In circumstances where
identifying information is provided to
the Federal Reserve, such information
could possibly be protected from
Freedom of Information Act disclosure
by FOIA exemptions 4 and 6 (5 U.S.C.
552(b)(4) and (6)).
The Federal Reserve Board’s
Microeconomic Surveys section in the
Division of Research and Statistics is an
official statistical unit, as defined under
the Confidential Information Protection
and Statistical Efficiency Act (CIPSEA)
of 2002 (44 U.S.C. 3501). When
information is collected by a private
contractor under the oversight of that
section, there are stringent requirements
for protecting the data and respondents
may be given a legally binding pledge of
confidentiality. The pledge would
disallow any use of the data for a nonstatistical purpose.1 When the Federal
Reserve collects data directly (that is,
without the use of a private data
collection company or other such
agent), respondents may also be offered
such a pledge if the data are intended
for a statistical purpose.
Abstract: The Federal Reserve would
use this event-driven survey to obtain
information specifically tailored to the
1 ‘‘Non-statistical’’ is defined precisely in
CIPSEA. Loosely, an information collection
undertaken for a non-statistical purpose would be
one intended to support a regulatory action or other
action specifically targeted to the entity on which
data were collected.

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Federal Reserve’s supervisory,
regulatory, operational, and other
responsibilities. The Federal Reserve
proposes to conduct the FR 3051 up to
13 times per year (including one survey
on an annual basis and another on a
monthly basis). The frequency and
content of the questions would depend
on changing economic, regulatory, or
legislative developments.
Board of Governors of the Federal Reserve
System, March 24, 2009.
Jennifer J. Johnson,
Secretary of the Board.
[FR Doc. E9–6923 Filed 3–27–09; 8:45 am]
BILLING CODE 6210–01–P

GENERAL SERVICES
ADMINISTRATION
Notice of Intent To Prepare an
Environmental Impact Statement for
the Reconfiguration and Expansion of
the San Luis I Land Port of Entry
AGENCY: Public Buildings Service,
General Services Administration.
ACTION: Notice of intent with request for
comments.
SUMMARY: The General Services
Administration (GSA) announces its
intent to prepare an Environmental
Impact Statement (EIS) under the
National Environmental Policy Act
(NEPA) of 1969 to assess the potential
impacts of reconfiguration and
expansion of the San Luis I Land Port
of Entry (LPOE) in San Luis, Arizona.
The proposed action is for GSA to
reconfigure the existing downtown San
Luis LPOE and expand it to improve its
functionality, capacity, and security.
The San Luis I LPOE was built in 1984
and is operated by the U.S. Department
of Homeland Security (DHS)/U.S.
Customs and Border Protection (CBP).
The facility currently handles all traffic
modes, including commercial vehicles,
buses, privately operated vehicles
(POVs), and pedestrians. However, the
existing facility is inadequate relative to
CBP’s security standards and is
incapable of adequately handling
current and projected traffic volumes.
GSA therefore is proposing to
reconfigure and expand the existing San
Luis I LPOE so that it may continue to
serve POV’s, buses and pedestrians.
GSA is currently constructing San Luis
II LPOE that will become the
commercial port of entry for Yuma
County, which it expects to complete in
late 2009 at which time the commercial
operations at San Luis I will cease.
GSA proposes to expand the current
port by utilizing the vacated commercial
space and acquiring approximately one

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File Typeapplication/pdf
File TitleDocument
SubjectExtracted Pages
AuthorU.S. Government Printing Office
File Modified2009-03-28
File Created2009-03-28

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